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Stakeholde
rs
Objectives
of Corporate
Communicat
ion
Role of Corporate Communication (Aditya
Birla) Identity, Trust, Image & Reputation
Tools of Corporate
Communication Marcomm vs
Corp.comm
Corporate communication is a set of activities
involved in managing and orchestrating all
internal and external communications aimed
at creating favourable point of view among
stakeholders on whom the company depends.
Corporate
Communications
Internal
External
Employees, Agencies, Channel
Shareholders Partners, Media,
Government, Industry
Bodies, Educational
Institutions and
general public
The department usually oversees
communication strategy, media relations, crisis
communications, internal communications,
reputation management, corporate
responsibility, investor relations, government
affairs and sometimes marketing
communication.
to promote the company behind the brand
to minimize discrepancies between the
company's desired identity and
marketing communication
to delegate tasks in communication
to formulate and execute effective procedures
to make decisions on communication matters
to mobilize internal and external support
for corporate objectives
“Corporate Communications is a service-oriented support
function. Its main business is to enhance the Aditya Birla brand
credibly, every which way. The function works to strengthen the
Group's competitive advantage through proactive, two-way
communication among its multiple internal and external
stakeholders. In doing so, it strives to raise the Group's profile
and enhance its image.
http://www.moneycontrol.com/news/business/bat
tle-royale-a-timelinetata-mistry-saga-so-
far_7915601.html
Nestlé spent three decades building a beloved
noodle brand in India. Then the world’s biggest
food and beverage company stumbled into a
public relations debacle that cost it half a
billion dollars. A cautionary tale of mangled
crisis management on an epic scale.
http://fortune.com/nestle-maggi-noodle-crisis/
John Kimberly (Wharton Professor) recommends
a five-point crisis management strategy for
companies in such situations to restore
credibility: “One, acknowledge that there is an
issue that needs to be examined carefully. Two,
buy time to get the facts. Three, do not deny
involvement/responsibility. Four, do not attempt
to estimate the magnitude of the problem. And
five, commit to a speedy but thorough
investigation.”