This chapter presents relevant literature to the subject of Employer Branding. The literature supporting the proposed conceptual model framed for this research and also helps in understating the theoretical base and perspective of various research and researchers in this field.
2.1 Employer Branding
Ambler and Barrow (1996) are the first authors who introduced the concept of employer branding in the global market and defined employer brand in terms of a combination of functional, economic and psychological benefits that is provided by employment, and identified with the employing company.” Also states that the benefits the Employer Brand offers to the employees are equivalent to those that a product brand offers to consumers like developmental and useful activities as functional, material or monetary rewards as economic and feelings such as belonging, direction and purpose as psychological. The employer brand is also perceived by its image, as the product brand. Further in their study the authors’ states that the Employer Brand is most likely a corporate culture, the difference between the two concepts are not always clear.
Rucci et al. (1997), in their research work demonstrates the formation of an employer brand that leads to improved level of employee
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The research attention is on Employer branding exclusively for its Employees. The authors advocate that a strong, favorable corporate brand is a powerful "navigational tool" to a variety of stakeholders, which include not only existing employees and shareholders, but also potential employees. This underlines that effective corporate brand management needs to balance an external orientation with an internal
A brand is what can either attract people to you or make people avoid you; people would identify you by the brand you portray. One can communicate their brand through actions and words. “It is essential to understand that wherever we are, in whatever we do, we are all building our brand”.
To get back to the point, it’s important to think of branding as the DNA of your organization, and consider what people will say about you when you aren’t in the room. This is why branding also trickles its way down to the small things like how you present yourself at events, how you talk to people, and how you conduct business away from the
Employer Branding initiatives are used to portray the company as an ‘Employer of Choice’; one that actually upholds the EEO principles and not just sham concern for them.
When consumers hear the word personal branding, they will automatically associated personal branding with corporate branding (Gail (2010), When a company has established a good reputation and have endurance longevity, customers will keep that company on their mind and not concern with a particular product. For
A brand is an organisation, product or service which has created an emotional connection with their consumers in order for them to favour their brand over their competitors. It is incredibly important for brands to keep up their image and one little thing could change the global perception of a business. It takes a lot to maintain a brand image that has been built up over a long period of time and even more to regain it if that reputation is lost. Brands are created through various different aspects such as their visuals, tone of voice, advertising, actions and reputation. The combination of these will leave their consumers with long lasting emotions and perceptions of a particular brand and will effect whether they support a business or not and whether they would favour or avoid it. When a brand looses their image it can cost a lot of money and time to rebrand to prevent complete failure of the product or service.
In the end, I developed the understanding that brand leadership(s) are those leading brands that are not only majority fascinating but highly relevant and outstandingly unique. They are often highly sought through by not only consumers but also by employees. Through brand identity and brand association, these institutions continue to grow not just for the consumers and organization but also for the economy. Outside of my mentioned developed understanding, I concluded that brand leadership is defined through a few
Organizations that use corporate branding have a much higher customer lifetime as compared to organizations that do not use it. Following are the assumptions that were created during the calculation of Customer Lifetime Value (CLV) in the Rosewood Hotels and Resorts.
First of all, a strong brand can be seen as the condition for organisations to expand products, offer more service, and introduce new products (Chernatony and McDonald, 2003). Secondly, a strong brand can lead to growth marketing communication effectiveness (Keller, 2009). ‘To build a strong brand, the right knowledge structures must exist in the minds of actual or prospective customers so that they respond positively to marketing activities and programs in these different ways.’(Keller, 2003, p. 140) Furthermore, Kay (2005) asserted that the strong brand can be seen as a resource of management, which make brand extension easier and useful to build distribution network. Companies are not treated by the intermediaries (Chernatony and McDonald, 2003). Moreover, companies are comparatively easier to change price if they have strong brands. As Henderson, et al (2003) said, a strong brand can allow for premium pricing even still remain loyalty customers, which help companies to survive in the intensive competitive market.
O’Dea: “Only a minority of the population truly understands and embraces the Brand Stewardship concept”. Employees thus have to be educated on the concept.
In society today, everything has a name for it. If the product doesn’t have a well-known name, it goes by name that a well-known product that is similar goes by. Branding has made its impact on society and it’s never going to go away. In this situation, all we can do from here is analyze more and more until we fully understand its presence in society and its effects. Branding has its biggest effects on consumerism, which makes us question consumerisms power in society. Has our society become one big, replicated consumer or can a consumer or even a person still be unique and individual? Branding creates competition amongst companies throughout the world and creates a competition for the consumers. Not only, it also creates issues, creates
From the professional perspective, to build corporate brand building is to build CI (Corporate Identity) including mind identity, behavior identity and visual identity.
As competition comes with multiple choices, organisations are forced to search for new methods of emotionally connecting with their customer, to effectively become irreplaceable while creating lifetime relationships with stakeholders. A solid brand is one that is able to stand out in an overpopulated market place. Branding allows an organisation to build brand awareness, and increase customer loyalty.
Although brands do not solely refer to businesses and their products or services (e.g. charities, countries, celebrities), this essay will discuss their relevance to profits with regards to business operations unless specified. Where most companies must at some point make a decision (consciously or unconsciously) whether to brand their company or not, that question is often rhetorical. Brands are established whether the marketing manager says they should or not. The decision really is whether to implement conscious brand management within the business or not. That is the difference between a strong brands and weak brands. Where
Long before now has branding been considered as one of the peripheral aspects of business. Manufacturers, investors and other key players focused on the product without paying much attention to the consumer. But as the business landscape got tougher, marketing became not just an integral part of business but one of the fundamental principles of success.