Company Branding and Company Storytelling (Lecture notes) Article by Jesper Højberg Christensen (Compendium I, pp 81-114) 1. Where does the concept Branding come from? (Branding of cattle in the US, then used about competitive brands and today it covers more intangible values). 2. What is corporate Branding? (the differentiation by a stakeholder through core values reflected in products, relations and communication) 3. What is a stakeholder? (the general public and the employees – whoever has an interest in the company or organization). 4. Which four elements does Jesper Højberg Christensen include in the concept of corporate branding? a) Strategic branding (Why and how the business creates value to its owners) – Usually fundamental strategic branding is the responsibility of the Management. It is a basis for other types of branding and involves: vision (where do we want to go?), Value proposition (what do we want to offer that other companies do not offer?), Core competencies (What are our core competencies?) and mission and values (why are we here?) b) Marketing branding (How the business differentiates itself from other businesses through products and through stories) c) Employee branding (how the management and the employees communicate who they are and how they ‘live’ their business) d) Stakeholder branding (dialogue with stakeholders about the social part and responsibility of the company). There is an internal and external environment and keywords in corporate branding are: reputation, image, culture, values, vision and identity. Stakeholders may be internal (employees) or external (applicants, the press, customers or shareholders and investors). They all have an (own) image of the company. Images are constructed (created) and hold elements from the four branding elements. External branding is more market-oriented and stakeholder-oriented. 5. Where do people receive their impressions from? (the press, talking to others, working in a company, etc.) 6. What is the difference between a system perspective and a working life world perspective? (In the real world social roles are confirmed in the working place through employees talking with each other). 7. What is the main purpose of the article? to prove that it is not possible to combine internal and external branding processes Examples of stories: 8. Polle from Snave, DSB’s Harry story or Den Gamle Fabrik (marketing people) 9. Novo Nordisk as an ethical company (communication people – stakeholders) 10. Using the company’s idea by retelling and re-interpreting them (employees – organisation people) Look at figure 6, p. 92. There are two approaches to storytelling: the cultural meaning creating and developing management tool and the marketing approach to storytelling. Organizations/companies tell different stories (see e.g. p. 94) There is the organisation-theoretical approach 11. How can we become aware of the stories organizations tell about themselves? (Appreciative inquiry – employees tell stories about their own success at work). Used also in future workshops where employees view the company 5 years from now and set goals and visions for the years ahead. (From employees – informal stories to create identity maintain the organisation culture) There is the marketing dominated approach to storytelling Only one story is told about the company (the Marlboro cowboy and coca-cola). (A.P. Møller’s corporate core story is ‘med rettidig omhu’. Lego has ‘creative play’. (Not a story with a plot, but a fundamental idea). (Comes from management – communicates the company’s visions. 12. The construction of a corporate branding story (from an engineering firm) The management and its employees revealed 3 organisational core stories: Pioneer, freedom and family (solidarity) (employees) Exceeding limits under control (management) the core story that forms the basis for other stories told about the company Contrasting stories from a younger generation of employees and managers 13. External stakeholder communication Stakeholders influence and are influenced by the company in which they are stakeholders. Different kinds of logic are sometimes involved. ISS (cleaning service) is split between business concerns, pedagogy (for running kindergartens) and the political play when inviting tenders. ISS cannot tell its own story but has to relate strategically to stories told by the opponents. (Crisis communication). There is a polyphony of voices 14. Employee branding (the most overlooked discipline). Image recruitment – the attraction of future staff. Although similar to employee branding (present staff) it is also different from it, in that it aims at attracting future candidates. Recruitment discourse – aiming at attracting new employees. ‘Good stories’ are told on the company’s recruitment site. A company’s values and attitudes are communicated through recruitment communication such as job advertisements. An example is Ericsson’s human recruitment site people@ericsson.dk. Because the stories told in connection with recruiting people were positive, this was also reflected in the marketing brand. 15. Double loop learning (Argyris 1990); self-observation (Luhman). Whenever a new staff member is recruited a new perspective is put on the company and its culture is influenced by new ideas. This makes the company or organization look at itself. The media boomerang (Mette Morsing 1999). (If the employees read about the visions of their company – like Oticon – they begin believing in what they read and react accordingly. Image recruitment may be seen as a value creating chain. (Thinking about recruiting staff makes the management aware of the company’s values – a process that continues throughout the recruitment process). Erecruitment. Conclusion: The company’s ‘good story’ for the recruitment site should not consist of the coampny’s core story or marketing branding.