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Corporate Communication Summary

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May 24, 2023
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, CUP 1
Defining corporate communication
Corporate communication:Amanagement function that offers a framework for the effective
·




coordination of all internal and external communication with the overall purpose of establishing
and maintaining favorable reputations with stakeholder groups upon which the organization is

dependent.
·
Corporation
legal form of organization
-Narrow view:Specific

Broadview:Group of people working together strategically
+


↳ Latin word:
corpus -- organization a body with different functions
Metonymy: a figure ofspeech we use in everyday life. Usually a symbol or label that talks
·




about a much more complex thing-often a whole complex organization (e.g. The White Housel
·
An organization:All organized groups that communicate strategically with their stakeholders

Corporate communication:The integration ofstrategic communication functions
·




Corporate Communication
-




Marketing Public Relations Organizational
communication communication
stakeholder communication a corporate reputation
Corporate branding Issue management Employee communication
corporate identity Media relations Leadership communication
CSR communication Crisis communication Change communication
Important concepts
·
Mission:Overriding purpose in line with the values and expectations of stakeholders
Vision:Desired future state, what is inspired to become in long-term future
·




corporate objectives:Statement ofoverall aims in line with the overall purpose
·




·

Strategy:The ways or means in which the corporate objectives are to be achieved and put
into

effects
corporate identity:The profile and values communicated by an organization
·




·Corporate image:The immediate set of associations of an individual in response to one or

more
signals or messages from or about a particular organization at a single pointof time
·
Stakeholder:group/individual who can affect or is affected by the achievement of
the

organization's objectives

, ·
Market:Adefined groupfor whom a product is or may be in demand
·
Communication:The tatics and media that are used to communicate with internal and
external groups

Integration:The act of coordinating all communication so that the corporate identity
·
is

effectively and consistently communicated to internal and external groups
Corporate communication in a
changing media landscape
·
Trends in corporate communication




·Current media landscape
Traditional/current media New/current media
communication approach Broadcasting Crowd-casting
Communication model One-to-many Many-to-one, many-to-many

Underlying principle Corporate positioning Content generation

key metaphors Medium, channels Platforms, arenas

Rules of communication Fixed and controlled Messy and emergent
costs of content/publishing Expensive/high Cheap/low
threshold

·

Classification of social media
-
Own, paid, earned media
↳ own media:online media that an organization owns and thus controls
↳ Paid media:paid for content exposure on other online media
or

↳ Earned media:stakeholder generated online word-of-mouth abt an organization
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