What Is Corporate Branding?
November 2nd, 2009 | 
Author: What Is Corporate Branding?
Corporate Branding
Today many markets are overpopulated with both large and small companies and overexposed with marketing messages. This has made for a difficult landscape to get a marketing message noticed. And with the rising costs of getting a new product or service ready for the market it has become even more important to cut through this clutter. The one surefire way of doing this is by having a corporate branding strategy.
Powerful corporate branding can equip most any new product or service with instant credibility and value that simply cant be reproduced with any sort of productfocused marketing campaign. That is why it is vitally important for any serious corporation that wishes its product offerings to be successful to create and protect a strong corporate brand.
How do you do that? Well first throw away the notion that branding only involves marketing i.e. putting an image out there. Yes it involves that but a huge part of it also entails relations with investors media competitors government and others. Not surprisingly these kind of highlevel; considerations require the equally highlevel; attention of such company officials as the CEO and senior management.
By the way dont confuse corporate branding with corporate identitymdash;two completely different things. Corporate identity involves a companys logo and design strategy only. It is merely a component of an overall brand strategy.
Successful corporate branding is all about establishing a longterm vision for a company and crafting the companys operations to meet that objective. Some companies that do this well include Microsoft Intel Singapore Airlines Disney CNN Samsung and MercedesBenz. The kind of brand strength these companies enjoy takes a long time and a lot of work to establish and there’s a lot of brand research and tracking to maintain. But its not as difficult as it sounds. Today a company of virtually any size can use the same sophisticated branding research tools the big boys use.
Why is it important to worry about these kinds of things? Because a strong corporate brand adds depth and value to a companys product offerings. Its also a public statement of the companys culture and values. For instance HSBC bank one of the worlds largest banks has the tagline The Worlds Local Bank; which both represents the size of the bank but builds on its purported focus on individual people
A Strong Corporate Brand
A strong corporate brand can also set the tone for further development of a company; such is the case with Proctor amp; Gamble Pamp;G. Under its corporate name Pamp;G markets many different brandsmdash;a fact that Pamp;G has built its corporate brand on by promoting a sincere commitment to and respect for individual purposes visions and values throughout every level of the companys products and culture.
Good corporate branding can also enhance budgetary efficiency. With product development costs becoming ever higher and product life cycles shorter its important for companies to recoup costs however they can without sacrificing quality or service. With creativity a strong corporate brand can do the work of many expensive productmarketing campaigns. Apple does this very well. While offering many different products all of them are laden with cuttingedge design and innovationmdash;hallmarks of Apples overall branding strategy. This model isnt right for everyone but if a company determines through research that this kind of consolidated brand strategy would work for them they should do it. If not theres no good reason to try.
Strength of a brand is a good indicator of the strength of a company and its financial valuemdash;many actually list their brands on their balance sheets. But even that estimate is probably understated. In short in this overpopulated overmarketed business climate having a strong brand is more than half the battle.
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