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40074851 | Corporate Digital Communication | DECEMBER 2020
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Corporate Digital Communication - 2305
40074851 | Corporate Digital Communication | DECEMBER 2020
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Contents
Task 01 – Communication Context and Stakeholders............................................................................6
1.a. Background of the Organization ..................................................................................................6
1.a.iv. Main Competitors.................................................................................................................6
1.a.i.Organization Name .................................................................................................................6
1.a.ii. Organization Information......................................................................................................6
1.a.v. Summary of the key stakeholders .........................................................................................6
1.a.iii. Customer Base .....................................................................................................................6
1.a.vi. Key Customer Segment........................................................................................................6
1.a. vii. Customer Acquisition ........................................................................................................6
1.b. Corporate reputation, identity and image to support the achievement of the objective...............7
1.b.i.Corporate Personality..............................................................................................................7
1.b.ii.Corporate Identity..................................................................................................................7
1.b.iii. Corporate Image ..................................................................................................................7
1.b.iv. Corporate Reputation...........................................................................................................7
1.b.v. How corporate reputation, identity and image influence on customer acquisition...............8
1.c. Stakeholder analysis & how it could influence on corporate reputation......................................9
Task 2 . Building the Corporate Brand .................................................................................................12
2.a, Evaluation of Current corporate strategy, structure, system and culture in relation to its
positioning and reputation.................................................................................................................12
2.a.i. Corporate Personality...........................................................................................................12
2.a.ii. Corporate Culture of Softlogic............................................................................................12
2.a.iii. Strategy Process of Softlogic.............................................................................................12
2.a.iv. Corporate Personality Scale ...............................................................................................12
2.a.v. Cultural Web Softlogic........................................................................................................13
2.a.vi. Corporate Identity ..............................................................................................................13
2.a.vii. Assessing the current gaps between image and identity ...................................................14
2.a.viii. Company objectives.........................................................................................................15
2.a.ix. Strategies to bridge identified gaps....................................................................................16
2.b. outline strategy for developing corporate reputation to build brand equity for the organization’s
Corporate Brand................................................................................................................................17
2.c.Two different approaches to monitoring and measuring brand equity........................................18
2.c.i Brand Equity .........................................................................................................................18
2.c.ii. Measuring Brand Equity.....................................................................................................18
2.c.iii. Keller’s brand equity model...............................................................................................18
2.c.iv.Brand asset valuator model .................................................................................................19
Task 3. Integrating Digital Communication Strategies.........................................................................21
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3.a. Environmental trends which are driving changes in stakeholders digital behavior, justify
appropriate strategies for digital communications to support organization’s objectives ..................21
3.a.i. Stakeholders digital behavior / impact and benefit to organization to achieve objectives...21
3.b .Evaluate the effectiveness of available digital channels within the market, and the key
technology developments in digital tools that could which impact on organizations corporate
reputation ..........................................................................................................................................22
3.b.i available digital Channels.....................................................................................................22
3.b.ii. Effectiveness of available digital channel...........................................................................23
3.b.iii. Key technology developments in digital tools that could which impact on organizations
corporate reputation ......................................................................................................................23
3. C. Recommend, with justification, a digital communication strategy to protect and strengthen the
organization’s corporate reputation and stakeholder relationships. Outline two strategies which
could be used to monitor and measure the organization reputation..................................................24
3.C.i. Online Strategies .................................................................................................................24
3.c.i. Availability of digital technological channels to measure corporate reputation ..................26
List of Tables
Table 1Size of the Organization..............................................................................................................6
Table 2 – Key Stakeholders ....................................................................................................................6
Table 3 Current status of softlogic..........................................................................................................8
Table 4. stakeholders and its impact on corporate reputation...............................................................10
Table 5 Davies et al. (2003)..................................................................................................................12
Table 6. Cultural web analysis of Softlogic..........................................................................................13
Table 7. McKinsey 7Ss framework.......................................................................................................13
Table 8. Ansoff Growth Strategies .......................................................................................................14
Table 9. Strategies to bridge identified gaps.........................................................................................16
Table 10. Strategies to bridge identified gaps.......................................................................................16
Table 11. Brand identity mix of Softlogic ............................................................................................17
Table 12. Keller’s brand equity model..................................................................................................18
Table 13. Stakeholders digital behavior and its impact and benefits....................................................21
Table 14. Digital communication strategies to support organization objectives ..................................22
Table 16. Internet Users of Sri Lanka...................................................................................................22
Table 15. Usage of digital Media of Sri Lanka.....................................................................................22
Table 17. Effectiveness of available digital channel.............................................................................23
Table 18. Key technology developments in digital tools......................................................................23
Table 19. PESO Model for Softlogic....................................................................................................24
Table 20. Gantt chart.............................................................................................................................25
Table 21. How to measure effectiveness of digital media platforms....................................................26
Table 22. Availability of digital technological channels ......................................................................26
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List of Figures
Figure 1 Market Share – Softlogic..........................................................................................................6
Figure 2. Corporate communication .......................................................................................................7
Figure 3 corporate Identity to Customer acquisition...............................................................................8
Figure 4Stakeholder Mapping.................................................................................................................9
Figure 5. Identification of Symbolism..................................................................................................14
Figure 6.Perceives corporate responsibility..........................................................................................15
Figure 7. Empowering Employees........................................................................................................15
Figure 8. Brand Asset Valuator Model.................................................................................................19
Figure 9. Digital media usage ...............................................................................................................22
Figure 10. Communication objectives ..................................................................................................24
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Task 01 Word Count – 1,696
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Task 01 – Communication Context and Stakeholders
1.a. Background of the Organization
1.a.ii. Organization Information
Started in 1991 as an ICT Company and moved to consumer
electronic in year 2006.Softlogic retail registered as Pvt Ltd
Company.
Current
Employees
Number of
Retail
Showrooms
Annual
Turnover
1200 + 196 14 Billion LKR
Table 1Size of the Organization
Softlogic retail carries world renowned brands such as
Panasonic, Samsung, Whirlpool, Candy, Dell, Acer,
TCL, Etc.Under above brands, Softlogic supplies
TVs, Refrigerators, Computers, Mobile Phones, Air
Conditioners, Kitchen Appliances, Washing
Machines, etc.
1.a.iii. Customer Base
Softlogic retail serves 5 Million households in Sri
Lanka with the island wide retail network and also
serves to other B2B segment of the market such as
government and private institution. Current
registered customer base is 140,350 customers.
1.a.vi. Key Customer Segment
Under demographic customer segment, Softlogic retail caters Lower, Middle and Upper levels, out of
these income levels, major focus on lower level of the segment.From the begging of Softlogic retail
focused and acquire middle and upper level income customers and now with the expansion of retail
network Softlogic now more focuses on acquiring new customers in low level income customers since
still this segment has a need gap to be fulfilled. As a strategy Softlogic uses Hire Purchase Schemes to
acquire customers from this segment as they do not have much buying power to purchase products on
upfront payments.
1.a. vii. Customer Acquisition
Consumer electronic market is very competitive and most of Sri Lankan consumers are aware about
new products which comes into the market and they are keen on utilizing those products. hence
consumers shifting towards competition is very high.But there is untapped low income level customer
segment in Sri Lanka still to be served. Softlogic has identified it as an opportunity and now more focus
towards this segment in order to create new businesses and increase its revenue and sustainability.By
serving to this customer segment, Softlogic will be able to earn more revenue sell products through hire
purchase schemes and expand the business into next level. but there is high risk also involved as stability
of this income level people cannot relay on.any economic downturn will impact on the success of the
business at any given time. but as Softlogic wants to expand its business and revenue, it must acquire
new customers also at a risk.they need to come with different strategies such as proper credit
management system in place to mitigate the impact on business in the long a run.
1.a.i.Organization Name
Selected organization named as “Softlogic Retail
Pvt Ltd” which serves under Softlogic Holding
PLC
1.a.v. Summary of the key stakeholders
Stakeholders of Softlogic can split in to three categories such
as internal, external & connected.
Stakeholders
Internal Connected External
Board of Directors Customers Government
Senior Management Suppliers Competitors
Employees
Business
Partners
Media
Local Community
Table 2 – Key Stakeholders
1.a.iv. Main Competitors
Softlogic Retail has four major competitors and
their market share as follows
Figure 1 Market Share – Softlogic
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1.b. Corporate reputation, identity and image to support the achievement of the objective
Figure 2. Corporate communication
1.b.i.Corporate Personality
Developed the corporate personality scale, which is a scale that would measure both internal (employee)
and external (customer) perspectives about corporations. The corporate personality scale is a scale that
could be used to characterize the personality of an organization. It is used as a way to “personify” the
characteristic of an organization. Davies et al., (2001),
1.b.ii.Corporate Identity
Corporate identity is the internal stakeholders’ perceptions about an organization. Albert and Whetten
(1985)
1.b.iii. Corporate Image
The term corporate image is often used to refer to an organization’s views about external stakeholders’
perceptions with respect to an organization. Davies et al. (2001)
1.b.iv. Corporate Reputation
Corporate reputation as the immediate mental picture of a company that evolves over time as a result
of consistent performance, reinforced by effective communication. Thus, corporate reputation has both
a behavioral and an informative component. That is, legitimate behavior in the establishment of the
distribution of the value created in the past will lead stakeholders to anticipate legitimate behavior by
the company in the future. Fombrun (1996)
Element Current Status of support Softlogic to achieve its objective
Corporate Identity Softlogic has projected its identity as more vibrant, innovative and organization
end to end consumer electronic solution provider in Sri Lanka and provides high
quality products in order to fulfill consumer electronics needs and on the
employee perspective its shows more sophisticated culture and values are the
success drivers of Softlogic. Further works responsibly in order to protect the
society and environment for sustainable living and economic growth
Corporate Image External stakeholders sees Softlogic as an modern high tech advance consumer
solution provider in urban level but when it comes to rural level , consumers
have not clearly identified Softlogic is not best solution provider and it is most
expensive than other competitors also it marketing communication projection
also talks towards high end advancement of product and services. Further
stakeholders clearly does not see Softlogic as a social responsible entity and
they have not clearly communicate their values on CSR to its external
stakeholders properly
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Corporate Reputation Overall Softlogic has a positive reputation in urban level that entity which can
trust and provides best consumer solution providers but in grassroots level
Softlogic needs established its image as it provides consumer electronic
requirement which suit to their requirement and all CSR activities they do needs
to communicate to the society and gain more and more reputation towards the
corporate brand. Also for the employees works there within the organization
must empowered them to come up with new ideas and be responsible and work
towards its objective and support to increase reputation
Table 3 Current status of softlogic
1.b.v. How corporate reputation, identity and image influence on customer acquisition
Figure 3 corporate Identity to Customer acquisition
If an organization has positive corporate image and corporate reputation. Organization can acquire new
customers easily in many ways
 Reduces feeling of risk purchasing a product or service from a well-established organization
having positive corporate image & reputation
 Reduces customers searching time for a product or service
 Positive word of mouth from existing customers will help to attract new customers
 Easily can go for new product or brand extension which will be able to attract new customers
 Ability of charge higher price or fee
 Attract quality employees towards an organization which be able to serve better to its potential
and existing customers
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1.c. Stakeholder analysis & how it could influence on corporate reputation
According to Mendalow’s matrix stakeholders can be mapped as per their power and interest towards
organization.it always important to identify power and interest of each stakeholders and satisfy them
accordingly.
Figure 4Stakeholder Mapping
Stakeholder Type Interest Power
How this stakeholder can Influence on
corporate reputation
Board of
Directors
Internal High High
These stakeholders are decision makers in an
organization. They always interest on maximize
profit, increase market share etc. They are having
high decision making power. their strategic
direction and based on their decision making can
positive or negatively impact on organizations
reputation
Senior
Management
Internal High High
These stakeholders interest on achieving company
objectives, employee retention and also profit and
losses .these stakeholders also make strategic
decisions which effect on organization reputation
in both ways of positive or negative. Ex - if they
decided to sell product which harm for the
environment and will gain more profit will resulted
in bad reputation of an organization
Employees Internal High Low
These stakeholders are interest on job security ,
promotions , bonuses , empowering , recognition.
they are the forefront of an organization and they
always engage with external stakeholders and
serves them. If an organization has well trained and
professional employees and if the organization
treats them well. They will look after its external
stakeholders better and it will increase organization
reputation
Customers Connected High High
These stakeholders are interest on best products,
value for money, brand loyalty, best after sales
service. Satisfied customers will spread positive
word of mouth and it will increase reputation and
helps to increase revenue. Same way if a
dissatisfied customers will damage the reputation.
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Suppliers Connected High High
Interest on increasing market share by supplying
more raw materials , service or end products.
suppliers reputation also impact on organization
business success and reputation .ex if supplier is
well accepted and having a positive reputation
helps to increase organization reputation too
Business
Partners
Connected High High
Interest on business growth , new customers
activations .these stakeholders helps to increase
reputation and their brand strength also support for
reputati10 | P a g e 1 0 | P a g e on.Ex- if a bank
is having a credit card and that card accepted well
in the market.this bank been partnered with an
organization offers better credit card scheme.this
will resulted in grab more customer acquisition and
increase sales.gradually its helps to create positive
reputation though the helps of business partners
Government External Low High
Interest on paying taxes, obtain relevant approvals
for execute imports , exports , manufacturing ,
selling etc.and they are having high power to
impose taxes , curtail imports. Ex - due to Sri
Lankan government import restrictions on imports
of electronic appliances curtailed. Due to this
organizations cannot meet the market
demand.therefore it effects on its reputation where
consumer demand cannot meet
Competitors External High Low
interest on business activities , they will react with
new business strategies and that will resulted in
switching customers towards them.organation
must watch competitors even though their power is
low they can influence on business performance
and its reputation
Media External High Low
interest on business activities and they always
expose positive or negative outcome of an
organization to the sociaty.even their power is low
, organization must keep satisfy them in order to
maintain and increase reputation
Local
Community
External Low Low
interest on CSR activities , future job
oppertunities.this stakeholder has no strong link
between organization but if organization does a
good or bad thing to the society will see and talk
about it.in directly they rate organization reputation
and that will helps on positioning on reputation of
an organization
Table 4. stakeholders and its impact on corporate reputation
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Task 02 Word Count – 2,004
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Task 2 . Building the Corporate Brand
2.a, Evaluation of Current corporate strategy, structure, system and culture in relation to its
positioning and reputation
2.a.i. Corporate Personality
Corporate personality is a combination of elements corporate culture and strategy process
2.a.ii. Corporate Culture of Softlogic
Vision
To be the most preferred and trusted product and service provider, delivering high quality solutions
to corporates and retail customers so as to set new industry standards and enhance shareholder value
Mission
Making the right decisions to increase returns on money invested. Employing and rewarding the best,
to leverage market potential and become the most admired corporate in Sri Lanka
Values
High Performance Culture, Innovation, Integrity, Human Capital, Success, Accountability, Corporate
Responsibility and Simplicity
2.a.iii. Strategy Process of Softlogic
Currently Softlogic follows intended strategy in the strategy process and KPI are set for each channel
and evaluation review on a monthly basis.this KPI are set by the separate audit committee. But in
retail business company needs to follow more emergent strategy since market dynamism is so vast
challenging. Competitors always come up with new ideas concepts to acquire customers.
2.a.iv. Corporate Personality Scale
Table 5 Davies et al. (2003)
Agreeable Enterprise Competence Chic Ruthlessness Machismo Informality
Warmth Modernity Conscientious Elegance Egotism Masculine Casual
Friendly Cool Reliable Charming Arrogant Tough Simple
Pleasant Trendy Secure Stylish Aggressive Rugged Easy Going
Open Hardworking Elegant Selfish
Straightforward
Empathy Adventure Drive Prestige Dominance
Concerned Imaginative Ambitious Prestigious Inward Looking
Reassuring Up to Date
Achievement
Oriented Exclusive Authoritarian
Supportive Exciting Refined Controlling
Agreeable Innovative
Integrity Boldness Technocracy Snobbery
Honest Extravert Technical snobby
Sincere Daring Corporate Elitist
Trustworthy
Socially
Responsible
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2.a.v. Cultural Web Softlogic
Elements Softlogic Culture
Organization Structure  Tall Structure
 Delay on decision making due to many layers
Control Systems
 One ERP system in place integrated company , employees and
customers
Power Structure  Head of the department is responsible on decision making
Stories
 Daily mail directed to employees value of Softlogic
 Conduct town hall meetings
Rituals and routines
 Conduct a reward and recognition programme once a year
 KPIs are been monitored on monthly basis
 Island wide retails shops are open 365 days
Symbols
 Communicates Softlogic logo in every channels but inconsistency
is there on its logo
Table 6. Cultural web analysis of Softlogic
2.a.vi. Corporate Identity
Corporate identity consist of three elements such as Symbolism, Communication and Behavior
Symbolism ( Appendix 1) - Softlogic Carries it logo every outlets located island wide also it uses for
every marketing communication channels. But inconsistency its logo matters in establishing correct
image.
Communication ( Appendix 2 ) - Softlogic communicate it brand identity through Digital Media
Advertising, Sales Promotions and BTL activities to its stakeholders
Behavior - Softlogic behave always in performance driven culture. Employees efficiency are measured
though KPIs and projected outside as a premium retailer with branded products and multi brand
strategy.
Aligned
Strategy currently uses market Penetration and
Market Development strategies
Yes
Structure Softlogic has vertical structure at present
which sometime delay on decision making
process
No
Systems currently system in place which linked all
channels KPI set for all channels in order
to measure efficiency and monitor on
monthly basis
Yes
Skills hired people with experience and skills Yes
Staff Staff work here from different culture
different skills and professionalism
Yes
Style Currently follow democratic management
style which expected always collective
decision making process.
No
Shared
Values
Softlogic follows High Performance
Culture, Innovation, Integrity, Human
Capital, Success, Accountability,
Corporate Responsibility and Simplicity
Yes
Table 7. McKinsey 7Ss framework
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Products
Existing New
Market
Existing
Market Penetration
Product Development
New
Market Development Diversification
Table 8. Ansoff Growth Strategies
Currently Softlogic is following market penetration and Market development strategies.to have
sustainable existence in the retail industry in Sri Lanka it is necessary to have these main to strategies
to acquire new customers but focus on low income level segment is not great.
2.a.vii. Assessing the current gaps between image and identity
Few gaps have been identified identity and image of Softlogic and will address how to bridge these
gaps
Management thinks that it projected it logo of Softlogic to its stakeholders are in well recognition its
identity properly but customers are not perceives it because of the inconsistency of logo in
communication channels
Figure 5. Identification of Symbolism
Softlogic Management perceives that they corporate responsible entity but its stakeholders less
perceives that Softlogic not communicates it to outside stakeholders properly
35%
85%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
CUSTOMERS
MANAGEMENT
Identification of Softlogic Symbol
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Figure 6.Perceives corporate responsibility
Softlogic management thinks that they empowered employees on decision making generate new ideas
process and their set programmes are properly working but employees do not feel it as always they need
higher level authority when make decisions due to vertical structure.
Figure 7. Empowering Employees
2.a.viii. Company objectives
 Increase current market share 6% market share to 10% by 2020/2021 financial year by
increasing acquisition 65% new customers
Main key focus to achieve this objective is more focus on acquisition of new customers from low
income segment and drive towards monolithic branded strategy.
 Introduce branded strategy to bridge 85% - 35% image gap during next financial year 2020/21
To meet this barded strategy Softlogic to follow consistency in their corporate identity in terms of
symbolism, communication and behavior.
28%
80%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
CUSTOMERS
MANAGEMENT
How corpotare responsible the
organization
30%
75%
0% 10% 20% 30% 40% 50% 60% 70% 80%
EMPLOYEES
MANAGEMENT
Empowering Employees
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2.a.ix. Strategies to bridge identified gaps
Table 9. Strategies to bridge identified gaps
Table 10. Strategies to bridge identified gaps
Identified Gaps How to bridge gaps
Empowering Employees at Softlogic
projected but employees do not see
that 100% due to vertical structure and
only departments heads are authorize
to make decisions
Empowering and delegate authorities among employees
will enhance the decision making process and new ideas
will bring in for corporate success and increase its
reputation
Employees
Empower employees with more responsibility and make
them to take decisions independently and also encourage
them to come up with new ideas and those ideas will be
valued and implemented. Then employees will feel that
their ideas and capabilities are valued in the organization
Less recognition about symbolism
due to inconsistency and affected on
its identity
Current Status – Softlogic symbolism
varies in communication channels
Desired status – one symbol and it
communicates through all channel
and establish strong corporate brand
name on consumers mind
Established one symbol and utilize for all communication
channels without deviation and develop top of mind
awareness among consumers
Consistency of symbolism will have a positive impact its
reputation as easy promote and sells product or services to
customers , increase customer acquisition and loyalty
Employees
As an improvement of symbolism Softlogic can make
retail staff wearing an office attire with Softlogic logo.
When they engage with customers it will give more
impression and establish Softlogic
Identified Gaps How to bridge gaps
Mostly Stakeholders are not
aware about CSR activities done
by Softlogic
Current Status – Engagement and
awareness about CSR activities
and their responsibility has not
projected properly to stakeholders
Desired Status – corporate
responsibility and activities
identified , accepted and valued
by stakeholders
As a part of the culture and building a reputation though
corporate responsibility and communicate and update its
stakeholders will bring a positive impact on reputation and
organization accepts from the society and it will be easy to
acquire new customers and increase retention and loyalty
Customers
Outside stakeholders must communicate about CSR activities
through own communication channels Softlogic can invites
outside media personnel to participate , observe and write about
true observations about organization
Employees
Engage employees for CSR activities and make them feel good
about it.then they will internally talk about it and spared it to
outside stakeholders too
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2.b. outline strategy for developing corporate reputation to build brand equity for the
organization’s Corporate Brand
Following brand identity mix will further elaborate how Softlogic has outline its strategy to build
brand equity for the corporate brand of Softlogic
Value Preposition
Provides innovative high
quality branded products
Modern retail shops to
increase customer experience
Relationship
Longstanding relationship with
existing customers and
stakeholders
Position
Premium retail channel in Sri
Lanka provides high tech
branded consumer electronics
products
Expression
Provides best quality products
which fulfill customers’ needs
Brand Promise
Brand Promise of Softlogic
“ Best in the Business”
Personality
Friendly, innovative, integrity.
Customer centric corporate
personality
Mission & Vision
Vision - provides high quality
products and service and
enhance shareholder value
Mission – being a most admire
corporate entity leverage
market potential and return on
investment
Culture
High Performance and result
oriented , corporate driven culture
Competencies
Having 196 retail showroom
network island wide
Financial stability
Skilled human capital
Table 11. Brand identity mix of Softlogic
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2.c.Two different approaches to monitoring and measuring brand equity
2.c.i Brand Equity
Brand equity can be define as “Brand equity is the set of associations and behaviors on the part of a
brands’ customers, channel members , and parent corporation that permits the brand to earn greater
volume or grater margins that it could without the brand name, and that gives the brand a strong ,
sustainable , and differential advantage over competitors”, (Marketing Since Institute1988 , cited in
chay 1991)
Brand equity is a valuable intangible assets which organization has and there are more benefits having
a good brand equity and it brings following benefits to the organization
 Charge premium price from customers
 Build customer trust and loyalty
 Increase effectiveness of marketing communication campaigns
 Helps new product development and brand extension
 Helps to improve market share , revenue
 Helps to reduces consumers’ anticipated risks and increase confidant of purchasing products or
service
2.c.ii. Measuring Brand Equity
Measuring brand equity is more important for an organization for its sustainability and success of the
corporate brand.
2.c.iii. Keller’s brand equity model
This model is recognize as customer based brand equity
measurement model and this also gives a comprehensive
understanding about the brand equity with various stage
as how consumer perceive the brand , evaluate the
performance of the brand , emotional engagement ,
considering the re purchase and spread positive word of
mouth of the brand. Organization can have better idea
about the brand equity by measuring it and necessary
steps can be taken for further development and improve
the brand equity
Element Description Example
Salience This is about how consumers perceive the brand
so call brand awareness and brand association
Ex- Coca Cola
Everywhere , Fresh Drink ,
Imagery This about the image which created because of
the product performance
Feeling , Fun , Youth , Social ,
Heritage
Performance This is truly about product attributes and it
efficiency
Unique Flavor , Taste , Energy
Feelings This how consumers engage with the brand
emotionally
Happiness Sharing ,
Celebration , Festive ,
Judgments This about customer feel about the brand and
whether they are consider the brand for
purchasing
Loyalty , Leader , Innovative ,
Superiority
Resonance This long term engagement with the brand Consumer engagement ,
Attachment , Community
Table 12. Keller’s brand equity model
Figure 8. Keller’s brand equity model
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2.c.iv.Brand asset valuator model
Figure 8. Brand Asset Valuator Model
Quadrant 1 – Unfocused / New
In this level brands are behaving low level in revenue, differentiation knowledge and strength. new
brands starts from this quadrant with low in all said levels.
Quadrant 2 – Niche / Unrealized
In this level brands focus on brand differentiation and targeting on niche market.otherway relevance
, knowledge and energy of the brands and potential has not identified.
Quadrant 3 – Leadership / Declining
In this level its shows all stages such as introduction , growth , maturity and decline .if the brand is
properly mange it can stay long on this quadrant
Quadrant 4 – Eroding
Brands will fall under this level when it is matured and it loss it relevance, difference, esteem and
energy level.it can no longer maintain its said characteristics.
Under this model , it helps understand how the brands differentiate and placed in market place
.measuring this this brand equity through this model will give and proper understanding of brand
image , elasticity.
Understanding properly on brand equity and status will help for organization to develop and be
differentiate among the competition and it will have a better acceptance from consumers and will lead
to brand success and existence in marketplace
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Task 03 Word Count – 1,512
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Task 3. Integrating Digital Communication Strategies
3.a. Environmental trends which are driving changes in stakeholders digital behavior, justify
appropriate strategies for digital communications to support organization’s objectives
3.a.i. Stakeholders digital behavior / impact and benefit to organization to achieve objectives
Stakeholder
Type
Stakeholder Driver
Mode
Impact
Benefit to the
Organization
Internal Employees
Digital
Disruption
Emails
Easily communicate
Corporate communication
messages and get an
instant feedback , easy to
monitor and evaluate improve brand
awareness and
effective medium
of getting right
information and
helps to improve
customer
acquisition
Internal
Directors /
Managers
Website /
Mobile
Application
/ Email
Easy to observe consumer
behavior and market
trends Directly
can access to customer
opinion and feedback
External Customers
Website /
Mobile
Application
/ Email
Receives real time update
and customers do not
required physically
appeared to purchase a
product or service
Saves customer's time
External Customers
Zero
moment of
Truth
Website /
Social
Media /
Blogs
Customers can review and
get a clear idea about
product or service that
they intend to purchase
through previous customer
experiences
Organization can
identify previous
customer
expectation and
improve product or
service quality in
order to increase
reputation and
brand equity
Internal Managers
get a clear positive or
negative feedback of the
current company product
service and reputation
External Customers
IOT -
Internet of
Things
Mobile and
Computer
application
/ Digitalize
devices
Easy to access / time
saving
Organization can
make customers
feel convenience in
terms of searching
required product of
service it will helps
to acquisition of
more customers
Internal Managers
Location
Base
Marketing
Mobile
application
/ Website /
Social
Media /
Email
Marketing
Better understanding of
the consumer buying
patterns and behaviour.can
be targeted for correct
target audience.
Increase brand
awareness and
increase purchases
External Customers
Receives information
about required product or
services real time / reduces
searching time
Table 13. Stakeholders digital behavior and its impact and benefits
40074851 | Corporate Digital Communication | DECEMBER 2020
22
3.a.ii. Digital communication strategies to support organization objectives
Communication
Method
Control Communication
Channel
Pros & Cons
own Media By the organization Web sites / Social Media
Flat forms
fully control by organization /
cost effective/ limited audience
Paid Media Handle by 3rd part
but Organization has
to pay
Display ads / Geo
targeting / retargeting /
Social media campaign /
Can create desired key message
to communicate / Higher reach /
Expensive
Earned Media Customer has
ownership of control
Reviews / Referrals /
Viral
positive reviews can earn trust
and reputation / zero cost /
Negative review damage brand
image and reputation / no any
control over organization
Shared Media Customer has
ownership of control
Reviews / viral / shares Zero cost / Positive reviews and
shares will increase credibility
and reputation /higher reach
easily / Negative reviews and
sharing destroy reputation / no
control over organization
Table 14. Digital communication strategies to support organization objectives
3.b .Evaluate the effectiveness of available digital channels within the market, and the key
technology developments in digital tools that could which impact on organizations corporate
reputation
3.b.i available digital Channels
Total Number of
Internet Users in
Sri Lanka
Internet Users as
percentage of
Total Population
Active Social Media
Users
10.10 Million 47% 6.4 Million
Table 16. Internet Users of Sri Lanka
Figure 9. Digital media usage
0% 20% 40% 60% 80% 100%
Facebook
Youtube
Other WebSite
Digital Media Usage - Monthly
Usage of Digital Media by
Internet Users - Monthly
Facebook 87%
YouTube 82%
Other Websites 31%
Table 15. Usage of digital Media of Sri
Lanka
40074851 | Corporate Digital Communication | DECEMBER 2020
23
3.b.ii. Effectiveness of available digital channel
Channel Tool Effectiveness
Paid Media Facebook and WhatsApp
sponsored Notes
through sponsored ads can reach more and
more potential customers and it creates more
brand awareness
Content
Marketing
Emails, Videos, Websites,
Customer Reviews
customers con research on product on line and
it saves their time and positive reviews
recommend more and more customers to
purchase
Social Media
Facebook, WhatsApp, Viber,
Instagram, Twitter, LinkedIn,
YouTube
Softlogic can use Social media channels to
increase awareness or corporate brand and
product and services offered.also can highlight
CSR activities what company has
done.creating more awareness will helps to
attract more customers towards an organization
Influencer
Marketing
Facebook, Instagram, Twitter,
LinkedIn, YouTube
using influencer and can make more trust and
attract consumers towards an organization.but
reputation of influencer may negatively impact
on organization too
Table 17. Effectiveness of available digital channel
3.b.iii. Key technology developments in digital tools that could which impact on organizations
corporate reputation
Channel Tool Role Benefits Challenges
Social Media Facebook
, LinkedIn
,
Instagram
, Twitter
Organization has
end to end
interaction with
consumers and give
feedback , updates
in real time
Cost effective and easy to
reach targeted customer
base / paid media will
easily converted to a earn
media and get better
millage. increase brand
awareness and purchases
negative Impacts such as
customer reviews can
damage reputation and
band equity
Video
Streaming
YouTube create and publish
videos which
relates to products
and services , CSR
activities ,
company values
creativity attract more
customers and make more
interest and awareness of
the brand
Controlling power is less
Digital
Publishing
Website Carrying overall
image of company
products and
services ,
information ,
loyalty programme
, customer reviews
, milestone
It opens to large customer
base and all information
available in one platform
which customers can
review easily. Helps to
increase corporate
reputation
maintenance cost high
.sometimes security
issues may arises
Corporate Ads TV and
Radio
advertise
ment
Organization can
deliver key
message through
creative
advertisement and
include symbol ,
stories and product
and services
can reach large customer
base at once / creative
message will influences
more customer
acquisition and helps to
increase brand awareness
hard to measure the
success rate and reach
Table 18. Key technology developments in digital tools
40074851 | Corporate Digital Communication | DECEMBER 2020
24
3. C. Recommend, with justification, a digital communication strategy to protect and strengthen
the organization’s corporate reputation and stakeholder relationships. Outline two strategies
which could be used to monitor and measure the organization reputation
3.C.i. Online Strategies
According to the identification of a few gaps Softlogic has
1. Less recognition on symbolism of Softlogic due to symbolism changes channel to channel
2. Stakesholders are note aware about CSR activities done by Softlogic
Through revamping digital communication platforms, Softlogic can take supports to bridge these
identified gaps and following communication objectives will further helps to strengthen this execution
plan.
Figure 10. Communication objectives
Following communication channels and tools will be used to communicate desired objectives and it
help helps Softlogic to protect and strengthen Softlogic current reputation to the desired level.
PAID EARNED OWENED SHARED
 Facebook
Sponsored ads
 Whatsapp
Sponsored Notes
 LinkedIn Paid Ads
 Sponsorships
 Press Release
 Media Articles
 Media
Interviews
 Videos
 Influencer
Marketing
 Emails
 Employee
Reviews
 Facebook
 Whatsapp
 Twitter
 LinkedIn
 Instagram
Customers review and
sharing
Table 19. PESO Model for Softlogic
Communication Objectives
Redefined all digital communication channel /
symbolism with one theme and increase brand
awareness by 35% within next 06 months
Increase awareness of Softlogic values & CSR
among stakeholders by 60% within next 04 months
Increase consumer knowledge about product and
services range offers by Softlogic by 40% in next
03 months
40074851 | Corporate Digital Communication | DECEMBER 2020
25
In order to achieve set communication objectives below are the execution plan on best possible
communication channels will be used by Softlogic and these channels will helps to achieve it set
communication objectives
Dec Jan Feb
1st
week
2nd
week
3rd
week
4th
Week
1st
week
2nd
week
3rd
week
4th
Week
1st
week
2nd
week
3rd
week
4th
Week
Website
update
Facebook
Update
CSR
Sponsorship
LinkedIn /
Twitter
Update
Video
upload on
YouTube
Instagram
updates
News
Release
SEO
Online
Research
Table 20. Gantt chart
When after run all the campaigns and execution plan needs to measure it successfulness of those
campaigns whether it has really worked or not. Blow are the methods to measure the success
40074851 | Corporate Digital Communication | DECEMBER 2020
26
Table 21. How to measure effectiveness of digital media platforms
3.c.i. Availability of digital technological channels to measure corporate reputation
Digital Tool How it works
Google Analytics Through Google analytics organization can measure in depth
details about web behavior and its user friendly platforms and
it an cost effective medium.it gives more insights about
customer journey and useful data in order to make right
decision of using digital platforms in terms of corporate
marketing communication
Hootsuite This is one of the social media platform which uses to measure
ROI of campaigns which runs by an organization. Corporate
organizations can purchase plans which suite with their
requirement through this platforms. it can be measure multiple
social media stream in a centralized one place.further it helps
and easy to view analytics data
Table 22. Availability of digital technological channels
platforms How it measured effectiveness of campaigns
Web Page
 Number of customers visit to the page
 Number of views
 Number of clicks
 Number of review and comments
Facebook
 Number of subscribers
 Number of Reviews / negative or positive feedbacks
 Number of Shares
 Number of Likes
YouTube
 Number of Subscribers
 Number of comments
 Numbers of shares with other tools
 Number of likes
LinkedIn
 Number of followers
 Number of reviews and comments
Twitter
 Number of followers
 Number of comments
Direct
Mail  Number of reach
Direct ads
 Number of clicks
 Number of share on other channels
 Number of comments
40074851 | Corporate Digital Communication | DECEMBER 2020
27
References
Gary Davies | Volume 04 | Corporate reputation review | Manchester Business School UK
Dr Maktoba Omar, Robert L. Williams, Jr. | Managing and Maintaining Corporate Reputation and
Brand Identity | Napier University Business School
Softlogic Corporate info | Available at: http://www.softlogic.lk/corporate_info-2-0.html | Accessed
(10/10/2020)
Goi Chai Lee and Fayrene Chieng Yew Leh | Dimensions of Customer-Based Brand Equity: A Study
on Malaysian Brands | Vol 2011 | Curtin University, Miri, Malaysia
Google Analytics | https://analytics.google.com/analytics/web/#/report-
home/a54516992w87479473p92320289 | (Accessed 22/11/2020)
Hootsuite | https://signupnow.hootsuite.com/newbranding-selfserve-apac-noncore-usd-branded-
sem/?&gclid=Cj0KCQiAh4j-
BRCsARIsAGeV12C9O7hfHjA2HlhNF4z16zyUyyWlp8OM0BWuRxDGa6d9zW7XrDOCYCYaAj
ywEALw_wcB | (Accessed 22/11/2020)
Information of internet & digital media platforms usage | https://apidm.lk/digital-outlook-2020-report/
| Accessed 20/11/2020 )
40074851 | Corporate Digital Communication | DECEMBER 2020
28
Appendix
Appendix 1
Symbolism (Logo)
40074851 | Corporate Digital Communication | DECEMBER 2020
29
Appendix 2
Communication - Mysoflogic website

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Corporate digital communication - CIM Level 07

  • 1. 40074851 | Corporate Digital Communication | DECEMBER 2020 1 Corporate Digital Communication - 2305
  • 2. 40074851 | Corporate Digital Communication | DECEMBER 2020 2 Contents Task 01 – Communication Context and Stakeholders............................................................................6 1.a. Background of the Organization ..................................................................................................6 1.a.iv. Main Competitors.................................................................................................................6 1.a.i.Organization Name .................................................................................................................6 1.a.ii. Organization Information......................................................................................................6 1.a.v. Summary of the key stakeholders .........................................................................................6 1.a.iii. Customer Base .....................................................................................................................6 1.a.vi. Key Customer Segment........................................................................................................6 1.a. vii. Customer Acquisition ........................................................................................................6 1.b. Corporate reputation, identity and image to support the achievement of the objective...............7 1.b.i.Corporate Personality..............................................................................................................7 1.b.ii.Corporate Identity..................................................................................................................7 1.b.iii. Corporate Image ..................................................................................................................7 1.b.iv. Corporate Reputation...........................................................................................................7 1.b.v. How corporate reputation, identity and image influence on customer acquisition...............8 1.c. Stakeholder analysis & how it could influence on corporate reputation......................................9 Task 2 . Building the Corporate Brand .................................................................................................12 2.a, Evaluation of Current corporate strategy, structure, system and culture in relation to its positioning and reputation.................................................................................................................12 2.a.i. Corporate Personality...........................................................................................................12 2.a.ii. Corporate Culture of Softlogic............................................................................................12 2.a.iii. Strategy Process of Softlogic.............................................................................................12 2.a.iv. Corporate Personality Scale ...............................................................................................12 2.a.v. Cultural Web Softlogic........................................................................................................13 2.a.vi. Corporate Identity ..............................................................................................................13 2.a.vii. Assessing the current gaps between image and identity ...................................................14 2.a.viii. Company objectives.........................................................................................................15 2.a.ix. Strategies to bridge identified gaps....................................................................................16 2.b. outline strategy for developing corporate reputation to build brand equity for the organization’s Corporate Brand................................................................................................................................17 2.c.Two different approaches to monitoring and measuring brand equity........................................18 2.c.i Brand Equity .........................................................................................................................18 2.c.ii. Measuring Brand Equity.....................................................................................................18 2.c.iii. Keller’s brand equity model...............................................................................................18 2.c.iv.Brand asset valuator model .................................................................................................19 Task 3. Integrating Digital Communication Strategies.........................................................................21
  • 3. 40074851 | Corporate Digital Communication | DECEMBER 2020 3 3.a. Environmental trends which are driving changes in stakeholders digital behavior, justify appropriate strategies for digital communications to support organization’s objectives ..................21 3.a.i. Stakeholders digital behavior / impact and benefit to organization to achieve objectives...21 3.b .Evaluate the effectiveness of available digital channels within the market, and the key technology developments in digital tools that could which impact on organizations corporate reputation ..........................................................................................................................................22 3.b.i available digital Channels.....................................................................................................22 3.b.ii. Effectiveness of available digital channel...........................................................................23 3.b.iii. Key technology developments in digital tools that could which impact on organizations corporate reputation ......................................................................................................................23 3. C. Recommend, with justification, a digital communication strategy to protect and strengthen the organization’s corporate reputation and stakeholder relationships. Outline two strategies which could be used to monitor and measure the organization reputation..................................................24 3.C.i. Online Strategies .................................................................................................................24 3.c.i. Availability of digital technological channels to measure corporate reputation ..................26 List of Tables Table 1Size of the Organization..............................................................................................................6 Table 2 – Key Stakeholders ....................................................................................................................6 Table 3 Current status of softlogic..........................................................................................................8 Table 4. stakeholders and its impact on corporate reputation...............................................................10 Table 5 Davies et al. (2003)..................................................................................................................12 Table 6. Cultural web analysis of Softlogic..........................................................................................13 Table 7. McKinsey 7Ss framework.......................................................................................................13 Table 8. Ansoff Growth Strategies .......................................................................................................14 Table 9. Strategies to bridge identified gaps.........................................................................................16 Table 10. Strategies to bridge identified gaps.......................................................................................16 Table 11. Brand identity mix of Softlogic ............................................................................................17 Table 12. Keller’s brand equity model..................................................................................................18 Table 13. Stakeholders digital behavior and its impact and benefits....................................................21 Table 14. Digital communication strategies to support organization objectives ..................................22 Table 16. Internet Users of Sri Lanka...................................................................................................22 Table 15. Usage of digital Media of Sri Lanka.....................................................................................22 Table 17. Effectiveness of available digital channel.............................................................................23 Table 18. Key technology developments in digital tools......................................................................23 Table 19. PESO Model for Softlogic....................................................................................................24 Table 20. Gantt chart.............................................................................................................................25 Table 21. How to measure effectiveness of digital media platforms....................................................26 Table 22. Availability of digital technological channels ......................................................................26
  • 4. 40074851 | Corporate Digital Communication | DECEMBER 2020 4 List of Figures Figure 1 Market Share – Softlogic..........................................................................................................6 Figure 2. Corporate communication .......................................................................................................7 Figure 3 corporate Identity to Customer acquisition...............................................................................8 Figure 4Stakeholder Mapping.................................................................................................................9 Figure 5. Identification of Symbolism..................................................................................................14 Figure 6.Perceives corporate responsibility..........................................................................................15 Figure 7. Empowering Employees........................................................................................................15 Figure 8. Brand Asset Valuator Model.................................................................................................19 Figure 9. Digital media usage ...............................................................................................................22 Figure 10. Communication objectives ..................................................................................................24
  • 5. 40074851 | Corporate Digital Communication | DECEMBER 2020 5 Task 01 Word Count – 1,696
  • 6. 40074851 | Corporate Digital Communication | DECEMBER 2020 6 Task 01 – Communication Context and Stakeholders 1.a. Background of the Organization 1.a.ii. Organization Information Started in 1991 as an ICT Company and moved to consumer electronic in year 2006.Softlogic retail registered as Pvt Ltd Company. Current Employees Number of Retail Showrooms Annual Turnover 1200 + 196 14 Billion LKR Table 1Size of the Organization Softlogic retail carries world renowned brands such as Panasonic, Samsung, Whirlpool, Candy, Dell, Acer, TCL, Etc.Under above brands, Softlogic supplies TVs, Refrigerators, Computers, Mobile Phones, Air Conditioners, Kitchen Appliances, Washing Machines, etc. 1.a.iii. Customer Base Softlogic retail serves 5 Million households in Sri Lanka with the island wide retail network and also serves to other B2B segment of the market such as government and private institution. Current registered customer base is 140,350 customers. 1.a.vi. Key Customer Segment Under demographic customer segment, Softlogic retail caters Lower, Middle and Upper levels, out of these income levels, major focus on lower level of the segment.From the begging of Softlogic retail focused and acquire middle and upper level income customers and now with the expansion of retail network Softlogic now more focuses on acquiring new customers in low level income customers since still this segment has a need gap to be fulfilled. As a strategy Softlogic uses Hire Purchase Schemes to acquire customers from this segment as they do not have much buying power to purchase products on upfront payments. 1.a. vii. Customer Acquisition Consumer electronic market is very competitive and most of Sri Lankan consumers are aware about new products which comes into the market and they are keen on utilizing those products. hence consumers shifting towards competition is very high.But there is untapped low income level customer segment in Sri Lanka still to be served. Softlogic has identified it as an opportunity and now more focus towards this segment in order to create new businesses and increase its revenue and sustainability.By serving to this customer segment, Softlogic will be able to earn more revenue sell products through hire purchase schemes and expand the business into next level. but there is high risk also involved as stability of this income level people cannot relay on.any economic downturn will impact on the success of the business at any given time. but as Softlogic wants to expand its business and revenue, it must acquire new customers also at a risk.they need to come with different strategies such as proper credit management system in place to mitigate the impact on business in the long a run. 1.a.i.Organization Name Selected organization named as “Softlogic Retail Pvt Ltd” which serves under Softlogic Holding PLC 1.a.v. Summary of the key stakeholders Stakeholders of Softlogic can split in to three categories such as internal, external & connected. Stakeholders Internal Connected External Board of Directors Customers Government Senior Management Suppliers Competitors Employees Business Partners Media Local Community Table 2 – Key Stakeholders 1.a.iv. Main Competitors Softlogic Retail has four major competitors and their market share as follows Figure 1 Market Share – Softlogic
  • 7. 40074851 | Corporate Digital Communication | DECEMBER 2020 7 1.b. Corporate reputation, identity and image to support the achievement of the objective Figure 2. Corporate communication 1.b.i.Corporate Personality Developed the corporate personality scale, which is a scale that would measure both internal (employee) and external (customer) perspectives about corporations. The corporate personality scale is a scale that could be used to characterize the personality of an organization. It is used as a way to “personify” the characteristic of an organization. Davies et al., (2001), 1.b.ii.Corporate Identity Corporate identity is the internal stakeholders’ perceptions about an organization. Albert and Whetten (1985) 1.b.iii. Corporate Image The term corporate image is often used to refer to an organization’s views about external stakeholders’ perceptions with respect to an organization. Davies et al. (2001) 1.b.iv. Corporate Reputation Corporate reputation as the immediate mental picture of a company that evolves over time as a result of consistent performance, reinforced by effective communication. Thus, corporate reputation has both a behavioral and an informative component. That is, legitimate behavior in the establishment of the distribution of the value created in the past will lead stakeholders to anticipate legitimate behavior by the company in the future. Fombrun (1996) Element Current Status of support Softlogic to achieve its objective Corporate Identity Softlogic has projected its identity as more vibrant, innovative and organization end to end consumer electronic solution provider in Sri Lanka and provides high quality products in order to fulfill consumer electronics needs and on the employee perspective its shows more sophisticated culture and values are the success drivers of Softlogic. Further works responsibly in order to protect the society and environment for sustainable living and economic growth Corporate Image External stakeholders sees Softlogic as an modern high tech advance consumer solution provider in urban level but when it comes to rural level , consumers have not clearly identified Softlogic is not best solution provider and it is most expensive than other competitors also it marketing communication projection also talks towards high end advancement of product and services. Further stakeholders clearly does not see Softlogic as a social responsible entity and they have not clearly communicate their values on CSR to its external stakeholders properly
  • 8. 40074851 | Corporate Digital Communication | DECEMBER 2020 8 Corporate Reputation Overall Softlogic has a positive reputation in urban level that entity which can trust and provides best consumer solution providers but in grassroots level Softlogic needs established its image as it provides consumer electronic requirement which suit to their requirement and all CSR activities they do needs to communicate to the society and gain more and more reputation towards the corporate brand. Also for the employees works there within the organization must empowered them to come up with new ideas and be responsible and work towards its objective and support to increase reputation Table 3 Current status of softlogic 1.b.v. How corporate reputation, identity and image influence on customer acquisition Figure 3 corporate Identity to Customer acquisition If an organization has positive corporate image and corporate reputation. Organization can acquire new customers easily in many ways  Reduces feeling of risk purchasing a product or service from a well-established organization having positive corporate image & reputation  Reduces customers searching time for a product or service  Positive word of mouth from existing customers will help to attract new customers  Easily can go for new product or brand extension which will be able to attract new customers  Ability of charge higher price or fee  Attract quality employees towards an organization which be able to serve better to its potential and existing customers
  • 9. 40074851 | Corporate Digital Communication | DECEMBER 2020 9 1.c. Stakeholder analysis & how it could influence on corporate reputation According to Mendalow’s matrix stakeholders can be mapped as per their power and interest towards organization.it always important to identify power and interest of each stakeholders and satisfy them accordingly. Figure 4Stakeholder Mapping Stakeholder Type Interest Power How this stakeholder can Influence on corporate reputation Board of Directors Internal High High These stakeholders are decision makers in an organization. They always interest on maximize profit, increase market share etc. They are having high decision making power. their strategic direction and based on their decision making can positive or negatively impact on organizations reputation Senior Management Internal High High These stakeholders interest on achieving company objectives, employee retention and also profit and losses .these stakeholders also make strategic decisions which effect on organization reputation in both ways of positive or negative. Ex - if they decided to sell product which harm for the environment and will gain more profit will resulted in bad reputation of an organization Employees Internal High Low These stakeholders are interest on job security , promotions , bonuses , empowering , recognition. they are the forefront of an organization and they always engage with external stakeholders and serves them. If an organization has well trained and professional employees and if the organization treats them well. They will look after its external stakeholders better and it will increase organization reputation Customers Connected High High These stakeholders are interest on best products, value for money, brand loyalty, best after sales service. Satisfied customers will spread positive word of mouth and it will increase reputation and helps to increase revenue. Same way if a dissatisfied customers will damage the reputation.
  • 10. 40074851 | Corporate Digital Communication | DECEMBER 2020 10 Suppliers Connected High High Interest on increasing market share by supplying more raw materials , service or end products. suppliers reputation also impact on organization business success and reputation .ex if supplier is well accepted and having a positive reputation helps to increase organization reputation too Business Partners Connected High High Interest on business growth , new customers activations .these stakeholders helps to increase reputation and their brand strength also support for reputati10 | P a g e 1 0 | P a g e on.Ex- if a bank is having a credit card and that card accepted well in the market.this bank been partnered with an organization offers better credit card scheme.this will resulted in grab more customer acquisition and increase sales.gradually its helps to create positive reputation though the helps of business partners Government External Low High Interest on paying taxes, obtain relevant approvals for execute imports , exports , manufacturing , selling etc.and they are having high power to impose taxes , curtail imports. Ex - due to Sri Lankan government import restrictions on imports of electronic appliances curtailed. Due to this organizations cannot meet the market demand.therefore it effects on its reputation where consumer demand cannot meet Competitors External High Low interest on business activities , they will react with new business strategies and that will resulted in switching customers towards them.organation must watch competitors even though their power is low they can influence on business performance and its reputation Media External High Low interest on business activities and they always expose positive or negative outcome of an organization to the sociaty.even their power is low , organization must keep satisfy them in order to maintain and increase reputation Local Community External Low Low interest on CSR activities , future job oppertunities.this stakeholder has no strong link between organization but if organization does a good or bad thing to the society will see and talk about it.in directly they rate organization reputation and that will helps on positioning on reputation of an organization Table 4. stakeholders and its impact on corporate reputation
  • 11. 40074851 | Corporate Digital Communication | DECEMBER 2020 11 Task 02 Word Count – 2,004
  • 12. 40074851 | Corporate Digital Communication | DECEMBER 2020 12 Task 2 . Building the Corporate Brand 2.a, Evaluation of Current corporate strategy, structure, system and culture in relation to its positioning and reputation 2.a.i. Corporate Personality Corporate personality is a combination of elements corporate culture and strategy process 2.a.ii. Corporate Culture of Softlogic Vision To be the most preferred and trusted product and service provider, delivering high quality solutions to corporates and retail customers so as to set new industry standards and enhance shareholder value Mission Making the right decisions to increase returns on money invested. Employing and rewarding the best, to leverage market potential and become the most admired corporate in Sri Lanka Values High Performance Culture, Innovation, Integrity, Human Capital, Success, Accountability, Corporate Responsibility and Simplicity 2.a.iii. Strategy Process of Softlogic Currently Softlogic follows intended strategy in the strategy process and KPI are set for each channel and evaluation review on a monthly basis.this KPI are set by the separate audit committee. But in retail business company needs to follow more emergent strategy since market dynamism is so vast challenging. Competitors always come up with new ideas concepts to acquire customers. 2.a.iv. Corporate Personality Scale Table 5 Davies et al. (2003) Agreeable Enterprise Competence Chic Ruthlessness Machismo Informality Warmth Modernity Conscientious Elegance Egotism Masculine Casual Friendly Cool Reliable Charming Arrogant Tough Simple Pleasant Trendy Secure Stylish Aggressive Rugged Easy Going Open Hardworking Elegant Selfish Straightforward Empathy Adventure Drive Prestige Dominance Concerned Imaginative Ambitious Prestigious Inward Looking Reassuring Up to Date Achievement Oriented Exclusive Authoritarian Supportive Exciting Refined Controlling Agreeable Innovative Integrity Boldness Technocracy Snobbery Honest Extravert Technical snobby Sincere Daring Corporate Elitist Trustworthy Socially Responsible
  • 13. 40074851 | Corporate Digital Communication | DECEMBER 2020 13 2.a.v. Cultural Web Softlogic Elements Softlogic Culture Organization Structure  Tall Structure  Delay on decision making due to many layers Control Systems  One ERP system in place integrated company , employees and customers Power Structure  Head of the department is responsible on decision making Stories  Daily mail directed to employees value of Softlogic  Conduct town hall meetings Rituals and routines  Conduct a reward and recognition programme once a year  KPIs are been monitored on monthly basis  Island wide retails shops are open 365 days Symbols  Communicates Softlogic logo in every channels but inconsistency is there on its logo Table 6. Cultural web analysis of Softlogic 2.a.vi. Corporate Identity Corporate identity consist of three elements such as Symbolism, Communication and Behavior Symbolism ( Appendix 1) - Softlogic Carries it logo every outlets located island wide also it uses for every marketing communication channels. But inconsistency its logo matters in establishing correct image. Communication ( Appendix 2 ) - Softlogic communicate it brand identity through Digital Media Advertising, Sales Promotions and BTL activities to its stakeholders Behavior - Softlogic behave always in performance driven culture. Employees efficiency are measured though KPIs and projected outside as a premium retailer with branded products and multi brand strategy. Aligned Strategy currently uses market Penetration and Market Development strategies Yes Structure Softlogic has vertical structure at present which sometime delay on decision making process No Systems currently system in place which linked all channels KPI set for all channels in order to measure efficiency and monitor on monthly basis Yes Skills hired people with experience and skills Yes Staff Staff work here from different culture different skills and professionalism Yes Style Currently follow democratic management style which expected always collective decision making process. No Shared Values Softlogic follows High Performance Culture, Innovation, Integrity, Human Capital, Success, Accountability, Corporate Responsibility and Simplicity Yes Table 7. McKinsey 7Ss framework
  • 14. 40074851 | Corporate Digital Communication | DECEMBER 2020 14 Products Existing New Market Existing Market Penetration Product Development New Market Development Diversification Table 8. Ansoff Growth Strategies Currently Softlogic is following market penetration and Market development strategies.to have sustainable existence in the retail industry in Sri Lanka it is necessary to have these main to strategies to acquire new customers but focus on low income level segment is not great. 2.a.vii. Assessing the current gaps between image and identity Few gaps have been identified identity and image of Softlogic and will address how to bridge these gaps Management thinks that it projected it logo of Softlogic to its stakeholders are in well recognition its identity properly but customers are not perceives it because of the inconsistency of logo in communication channels Figure 5. Identification of Symbolism Softlogic Management perceives that they corporate responsible entity but its stakeholders less perceives that Softlogic not communicates it to outside stakeholders properly 35% 85% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% CUSTOMERS MANAGEMENT Identification of Softlogic Symbol
  • 15. 40074851 | Corporate Digital Communication | DECEMBER 2020 15 Figure 6.Perceives corporate responsibility Softlogic management thinks that they empowered employees on decision making generate new ideas process and their set programmes are properly working but employees do not feel it as always they need higher level authority when make decisions due to vertical structure. Figure 7. Empowering Employees 2.a.viii. Company objectives  Increase current market share 6% market share to 10% by 2020/2021 financial year by increasing acquisition 65% new customers Main key focus to achieve this objective is more focus on acquisition of new customers from low income segment and drive towards monolithic branded strategy.  Introduce branded strategy to bridge 85% - 35% image gap during next financial year 2020/21 To meet this barded strategy Softlogic to follow consistency in their corporate identity in terms of symbolism, communication and behavior. 28% 80% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% CUSTOMERS MANAGEMENT How corpotare responsible the organization 30% 75% 0% 10% 20% 30% 40% 50% 60% 70% 80% EMPLOYEES MANAGEMENT Empowering Employees
  • 16. 40074851 | Corporate Digital Communication | DECEMBER 2020 16 2.a.ix. Strategies to bridge identified gaps Table 9. Strategies to bridge identified gaps Table 10. Strategies to bridge identified gaps Identified Gaps How to bridge gaps Empowering Employees at Softlogic projected but employees do not see that 100% due to vertical structure and only departments heads are authorize to make decisions Empowering and delegate authorities among employees will enhance the decision making process and new ideas will bring in for corporate success and increase its reputation Employees Empower employees with more responsibility and make them to take decisions independently and also encourage them to come up with new ideas and those ideas will be valued and implemented. Then employees will feel that their ideas and capabilities are valued in the organization Less recognition about symbolism due to inconsistency and affected on its identity Current Status – Softlogic symbolism varies in communication channels Desired status – one symbol and it communicates through all channel and establish strong corporate brand name on consumers mind Established one symbol and utilize for all communication channels without deviation and develop top of mind awareness among consumers Consistency of symbolism will have a positive impact its reputation as easy promote and sells product or services to customers , increase customer acquisition and loyalty Employees As an improvement of symbolism Softlogic can make retail staff wearing an office attire with Softlogic logo. When they engage with customers it will give more impression and establish Softlogic Identified Gaps How to bridge gaps Mostly Stakeholders are not aware about CSR activities done by Softlogic Current Status – Engagement and awareness about CSR activities and their responsibility has not projected properly to stakeholders Desired Status – corporate responsibility and activities identified , accepted and valued by stakeholders As a part of the culture and building a reputation though corporate responsibility and communicate and update its stakeholders will bring a positive impact on reputation and organization accepts from the society and it will be easy to acquire new customers and increase retention and loyalty Customers Outside stakeholders must communicate about CSR activities through own communication channels Softlogic can invites outside media personnel to participate , observe and write about true observations about organization Employees Engage employees for CSR activities and make them feel good about it.then they will internally talk about it and spared it to outside stakeholders too
  • 17. 40074851 | Corporate Digital Communication | DECEMBER 2020 17 2.b. outline strategy for developing corporate reputation to build brand equity for the organization’s Corporate Brand Following brand identity mix will further elaborate how Softlogic has outline its strategy to build brand equity for the corporate brand of Softlogic Value Preposition Provides innovative high quality branded products Modern retail shops to increase customer experience Relationship Longstanding relationship with existing customers and stakeholders Position Premium retail channel in Sri Lanka provides high tech branded consumer electronics products Expression Provides best quality products which fulfill customers’ needs Brand Promise Brand Promise of Softlogic “ Best in the Business” Personality Friendly, innovative, integrity. Customer centric corporate personality Mission & Vision Vision - provides high quality products and service and enhance shareholder value Mission – being a most admire corporate entity leverage market potential and return on investment Culture High Performance and result oriented , corporate driven culture Competencies Having 196 retail showroom network island wide Financial stability Skilled human capital Table 11. Brand identity mix of Softlogic
  • 18. 40074851 | Corporate Digital Communication | DECEMBER 2020 18 2.c.Two different approaches to monitoring and measuring brand equity 2.c.i Brand Equity Brand equity can be define as “Brand equity is the set of associations and behaviors on the part of a brands’ customers, channel members , and parent corporation that permits the brand to earn greater volume or grater margins that it could without the brand name, and that gives the brand a strong , sustainable , and differential advantage over competitors”, (Marketing Since Institute1988 , cited in chay 1991) Brand equity is a valuable intangible assets which organization has and there are more benefits having a good brand equity and it brings following benefits to the organization  Charge premium price from customers  Build customer trust and loyalty  Increase effectiveness of marketing communication campaigns  Helps new product development and brand extension  Helps to improve market share , revenue  Helps to reduces consumers’ anticipated risks and increase confidant of purchasing products or service 2.c.ii. Measuring Brand Equity Measuring brand equity is more important for an organization for its sustainability and success of the corporate brand. 2.c.iii. Keller’s brand equity model This model is recognize as customer based brand equity measurement model and this also gives a comprehensive understanding about the brand equity with various stage as how consumer perceive the brand , evaluate the performance of the brand , emotional engagement , considering the re purchase and spread positive word of mouth of the brand. Organization can have better idea about the brand equity by measuring it and necessary steps can be taken for further development and improve the brand equity Element Description Example Salience This is about how consumers perceive the brand so call brand awareness and brand association Ex- Coca Cola Everywhere , Fresh Drink , Imagery This about the image which created because of the product performance Feeling , Fun , Youth , Social , Heritage Performance This is truly about product attributes and it efficiency Unique Flavor , Taste , Energy Feelings This how consumers engage with the brand emotionally Happiness Sharing , Celebration , Festive , Judgments This about customer feel about the brand and whether they are consider the brand for purchasing Loyalty , Leader , Innovative , Superiority Resonance This long term engagement with the brand Consumer engagement , Attachment , Community Table 12. Keller’s brand equity model Figure 8. Keller’s brand equity model
  • 19. 40074851 | Corporate Digital Communication | DECEMBER 2020 19 2.c.iv.Brand asset valuator model Figure 8. Brand Asset Valuator Model Quadrant 1 – Unfocused / New In this level brands are behaving low level in revenue, differentiation knowledge and strength. new brands starts from this quadrant with low in all said levels. Quadrant 2 – Niche / Unrealized In this level brands focus on brand differentiation and targeting on niche market.otherway relevance , knowledge and energy of the brands and potential has not identified. Quadrant 3 – Leadership / Declining In this level its shows all stages such as introduction , growth , maturity and decline .if the brand is properly mange it can stay long on this quadrant Quadrant 4 – Eroding Brands will fall under this level when it is matured and it loss it relevance, difference, esteem and energy level.it can no longer maintain its said characteristics. Under this model , it helps understand how the brands differentiate and placed in market place .measuring this this brand equity through this model will give and proper understanding of brand image , elasticity. Understanding properly on brand equity and status will help for organization to develop and be differentiate among the competition and it will have a better acceptance from consumers and will lead to brand success and existence in marketplace
  • 20. 40074851 | Corporate Digital Communication | DECEMBER 2020 20 Task 03 Word Count – 1,512
  • 21. 40074851 | Corporate Digital Communication | DECEMBER 2020 21 Task 3. Integrating Digital Communication Strategies 3.a. Environmental trends which are driving changes in stakeholders digital behavior, justify appropriate strategies for digital communications to support organization’s objectives 3.a.i. Stakeholders digital behavior / impact and benefit to organization to achieve objectives Stakeholder Type Stakeholder Driver Mode Impact Benefit to the Organization Internal Employees Digital Disruption Emails Easily communicate Corporate communication messages and get an instant feedback , easy to monitor and evaluate improve brand awareness and effective medium of getting right information and helps to improve customer acquisition Internal Directors / Managers Website / Mobile Application / Email Easy to observe consumer behavior and market trends Directly can access to customer opinion and feedback External Customers Website / Mobile Application / Email Receives real time update and customers do not required physically appeared to purchase a product or service Saves customer's time External Customers Zero moment of Truth Website / Social Media / Blogs Customers can review and get a clear idea about product or service that they intend to purchase through previous customer experiences Organization can identify previous customer expectation and improve product or service quality in order to increase reputation and brand equity Internal Managers get a clear positive or negative feedback of the current company product service and reputation External Customers IOT - Internet of Things Mobile and Computer application / Digitalize devices Easy to access / time saving Organization can make customers feel convenience in terms of searching required product of service it will helps to acquisition of more customers Internal Managers Location Base Marketing Mobile application / Website / Social Media / Email Marketing Better understanding of the consumer buying patterns and behaviour.can be targeted for correct target audience. Increase brand awareness and increase purchases External Customers Receives information about required product or services real time / reduces searching time Table 13. Stakeholders digital behavior and its impact and benefits
  • 22. 40074851 | Corporate Digital Communication | DECEMBER 2020 22 3.a.ii. Digital communication strategies to support organization objectives Communication Method Control Communication Channel Pros & Cons own Media By the organization Web sites / Social Media Flat forms fully control by organization / cost effective/ limited audience Paid Media Handle by 3rd part but Organization has to pay Display ads / Geo targeting / retargeting / Social media campaign / Can create desired key message to communicate / Higher reach / Expensive Earned Media Customer has ownership of control Reviews / Referrals / Viral positive reviews can earn trust and reputation / zero cost / Negative review damage brand image and reputation / no any control over organization Shared Media Customer has ownership of control Reviews / viral / shares Zero cost / Positive reviews and shares will increase credibility and reputation /higher reach easily / Negative reviews and sharing destroy reputation / no control over organization Table 14. Digital communication strategies to support organization objectives 3.b .Evaluate the effectiveness of available digital channels within the market, and the key technology developments in digital tools that could which impact on organizations corporate reputation 3.b.i available digital Channels Total Number of Internet Users in Sri Lanka Internet Users as percentage of Total Population Active Social Media Users 10.10 Million 47% 6.4 Million Table 16. Internet Users of Sri Lanka Figure 9. Digital media usage 0% 20% 40% 60% 80% 100% Facebook Youtube Other WebSite Digital Media Usage - Monthly Usage of Digital Media by Internet Users - Monthly Facebook 87% YouTube 82% Other Websites 31% Table 15. Usage of digital Media of Sri Lanka
  • 23. 40074851 | Corporate Digital Communication | DECEMBER 2020 23 3.b.ii. Effectiveness of available digital channel Channel Tool Effectiveness Paid Media Facebook and WhatsApp sponsored Notes through sponsored ads can reach more and more potential customers and it creates more brand awareness Content Marketing Emails, Videos, Websites, Customer Reviews customers con research on product on line and it saves their time and positive reviews recommend more and more customers to purchase Social Media Facebook, WhatsApp, Viber, Instagram, Twitter, LinkedIn, YouTube Softlogic can use Social media channels to increase awareness or corporate brand and product and services offered.also can highlight CSR activities what company has done.creating more awareness will helps to attract more customers towards an organization Influencer Marketing Facebook, Instagram, Twitter, LinkedIn, YouTube using influencer and can make more trust and attract consumers towards an organization.but reputation of influencer may negatively impact on organization too Table 17. Effectiveness of available digital channel 3.b.iii. Key technology developments in digital tools that could which impact on organizations corporate reputation Channel Tool Role Benefits Challenges Social Media Facebook , LinkedIn , Instagram , Twitter Organization has end to end interaction with consumers and give feedback , updates in real time Cost effective and easy to reach targeted customer base / paid media will easily converted to a earn media and get better millage. increase brand awareness and purchases negative Impacts such as customer reviews can damage reputation and band equity Video Streaming YouTube create and publish videos which relates to products and services , CSR activities , company values creativity attract more customers and make more interest and awareness of the brand Controlling power is less Digital Publishing Website Carrying overall image of company products and services , information , loyalty programme , customer reviews , milestone It opens to large customer base and all information available in one platform which customers can review easily. Helps to increase corporate reputation maintenance cost high .sometimes security issues may arises Corporate Ads TV and Radio advertise ment Organization can deliver key message through creative advertisement and include symbol , stories and product and services can reach large customer base at once / creative message will influences more customer acquisition and helps to increase brand awareness hard to measure the success rate and reach Table 18. Key technology developments in digital tools
  • 24. 40074851 | Corporate Digital Communication | DECEMBER 2020 24 3. C. Recommend, with justification, a digital communication strategy to protect and strengthen the organization’s corporate reputation and stakeholder relationships. Outline two strategies which could be used to monitor and measure the organization reputation 3.C.i. Online Strategies According to the identification of a few gaps Softlogic has 1. Less recognition on symbolism of Softlogic due to symbolism changes channel to channel 2. Stakesholders are note aware about CSR activities done by Softlogic Through revamping digital communication platforms, Softlogic can take supports to bridge these identified gaps and following communication objectives will further helps to strengthen this execution plan. Figure 10. Communication objectives Following communication channels and tools will be used to communicate desired objectives and it help helps Softlogic to protect and strengthen Softlogic current reputation to the desired level. PAID EARNED OWENED SHARED  Facebook Sponsored ads  Whatsapp Sponsored Notes  LinkedIn Paid Ads  Sponsorships  Press Release  Media Articles  Media Interviews  Videos  Influencer Marketing  Emails  Employee Reviews  Facebook  Whatsapp  Twitter  LinkedIn  Instagram Customers review and sharing Table 19. PESO Model for Softlogic Communication Objectives Redefined all digital communication channel / symbolism with one theme and increase brand awareness by 35% within next 06 months Increase awareness of Softlogic values & CSR among stakeholders by 60% within next 04 months Increase consumer knowledge about product and services range offers by Softlogic by 40% in next 03 months
  • 25. 40074851 | Corporate Digital Communication | DECEMBER 2020 25 In order to achieve set communication objectives below are the execution plan on best possible communication channels will be used by Softlogic and these channels will helps to achieve it set communication objectives Dec Jan Feb 1st week 2nd week 3rd week 4th Week 1st week 2nd week 3rd week 4th Week 1st week 2nd week 3rd week 4th Week Website update Facebook Update CSR Sponsorship LinkedIn / Twitter Update Video upload on YouTube Instagram updates News Release SEO Online Research Table 20. Gantt chart When after run all the campaigns and execution plan needs to measure it successfulness of those campaigns whether it has really worked or not. Blow are the methods to measure the success
  • 26. 40074851 | Corporate Digital Communication | DECEMBER 2020 26 Table 21. How to measure effectiveness of digital media platforms 3.c.i. Availability of digital technological channels to measure corporate reputation Digital Tool How it works Google Analytics Through Google analytics organization can measure in depth details about web behavior and its user friendly platforms and it an cost effective medium.it gives more insights about customer journey and useful data in order to make right decision of using digital platforms in terms of corporate marketing communication Hootsuite This is one of the social media platform which uses to measure ROI of campaigns which runs by an organization. Corporate organizations can purchase plans which suite with their requirement through this platforms. it can be measure multiple social media stream in a centralized one place.further it helps and easy to view analytics data Table 22. Availability of digital technological channels platforms How it measured effectiveness of campaigns Web Page  Number of customers visit to the page  Number of views  Number of clicks  Number of review and comments Facebook  Number of subscribers  Number of Reviews / negative or positive feedbacks  Number of Shares  Number of Likes YouTube  Number of Subscribers  Number of comments  Numbers of shares with other tools  Number of likes LinkedIn  Number of followers  Number of reviews and comments Twitter  Number of followers  Number of comments Direct Mail  Number of reach Direct ads  Number of clicks  Number of share on other channels  Number of comments
  • 27. 40074851 | Corporate Digital Communication | DECEMBER 2020 27 References Gary Davies | Volume 04 | Corporate reputation review | Manchester Business School UK Dr Maktoba Omar, Robert L. Williams, Jr. | Managing and Maintaining Corporate Reputation and Brand Identity | Napier University Business School Softlogic Corporate info | Available at: http://www.softlogic.lk/corporate_info-2-0.html | Accessed (10/10/2020) Goi Chai Lee and Fayrene Chieng Yew Leh | Dimensions of Customer-Based Brand Equity: A Study on Malaysian Brands | Vol 2011 | Curtin University, Miri, Malaysia Google Analytics | https://analytics.google.com/analytics/web/#/report- home/a54516992w87479473p92320289 | (Accessed 22/11/2020) Hootsuite | https://signupnow.hootsuite.com/newbranding-selfserve-apac-noncore-usd-branded- sem/?&gclid=Cj0KCQiAh4j- BRCsARIsAGeV12C9O7hfHjA2HlhNF4z16zyUyyWlp8OM0BWuRxDGa6d9zW7XrDOCYCYaAj ywEALw_wcB | (Accessed 22/11/2020) Information of internet & digital media platforms usage | https://apidm.lk/digital-outlook-2020-report/ | Accessed 20/11/2020 )
  • 28. 40074851 | Corporate Digital Communication | DECEMBER 2020 28 Appendix Appendix 1 Symbolism (Logo)
  • 29. 40074851 | Corporate Digital Communication | DECEMBER 2020 29 Appendix 2 Communication - Mysoflogic website