Most businesses’ success or failure is based on a major factor – corporate branding. Branding is the image that a company associates with itself in order to create a desired perception among the target audience. Branding, in other words, is creating a pleasant experience that triggers certain emotions when you come across it.
Brands are created for connecting with consumers on a more personal and emotional level. Frankly speaking, not even the best logo designs can create an appeal all by themselves. However, they are the identity of a brand.
Company Personality
Effective corporate branding defines a business’s personality. The identity dictates the types of employees, the look and feel of products, product packaging, and physical store characteristics. These attributes allow customers to identify and relate to a company by giving it recognizable, even human-like, qualities. Companies can be energizing, compassionate, or reliable.
Communication
One advantage of corporate branding is the way it facilitates communication between a company and its customers. Corporate branding generally makes use of trademarked images and slogans, each of which is carefully selected to convey the company's image of itself and its preferred way of appearing to customers.
Simplicity
Corporate branding allows a company to employ a single marketing strategy across all of its divisions or products. There is less of a need to develop individual branding strategies for specific products. For example, a technology company may brand itself as forward-thinking and innovative.
Value
Strong corporate brands gain value that is separate from the products they represent. This value comes from the time and money corporations invest in developing a brand that, over time, becomes recognizable to consumers.
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