A corporate identity is all about your brand's physical look. Maintaining a steady corporate identity is essential if you would like to showcase your business professionally. This article will delve into everything important you need to know about corporate identity, including its purpose and crucial features. Read on!
Corporate Identity: What is it?
Corporate identity is essentially how an organization presents itself to the common public. This public includes both external and internal audiences. To put it simply, it is how the organization looks, communicates, and behaves.
Corporate identity helps the organization get differentiated and recognized in the market world and amongst its internal and external stakeholders. Here, the internal stakeholders include all the investors, employees, and the company's partners. Moreover, the external stakeholders include the consumers, customers, media, and so forth.
Corporate Identity vs Corporate Image
When it comes to corporate identity vs corporate image, it is important to know the difference between them. Corporate image is essentially the perception of the common public regarding the company. On the other hand, corporate identity is how the organization wants the public to perceive them. This is what people refer to as the brand. To put it simply, your brand is what the public says about you, particularly when you are not present in the room. Your corporate image or your brand is your reputation and is a representation of everything in your company.
It is important to bear in mind that your corporate image and identity should perfectly complement one another to be effective.
What is the Main Purpose of Corporate Identity?
So what purpose does a corporate identity serve? An organization that invests heavily in corporate identity shows that it is there to stay! It conveys a strong message that the organization is very serious about flourishing in the marketplace. It provides the consumer with a sense of belief and trust.
A clear corporate identity assists in raising your brand awareness and impact in the overall marketplace. Furthermore, the corporate business identity acts together with a united brand identity to bolster commitment to the organization. That, as a result, promotes increased loyalty among both consumers and employees.
As a case to point, a unique corporate identity can efficiently contribute to the launching of new products by a company. That is because a current positive business image is transferable and will provide additional support to all the new initiatives. Hence, a great corporate identity can considerably slash down the organization's costs in general and advertising expenses in particular.
What is Included in a Corporate Identity?
A corporate identity list comprises three main elements- corporate design, corporate communication, and corporate behavior.
People often equate corporate identity with corporate design. However, what is true is that corporate design is simply one component of a corporate business identity – specifically the visual image of the company.
Hence, corporate design happens to be the most obvious element of the company identity. Corporate design elements include the organization's corporate presence at various trade events, the company website's design, and features of the firm's packaging and products. The most important element, though, is the company logo, which is a large part of the corporate identity design.
The logo will be the face of your corporate brand, so it is very important to get everything right with this particular element. To that end, utilize a logo maker to personalize your logo carefully.
A consistent communication and language style is also a very vital component of a complete corporate company identity. Corporate communications involve commercial activities like advertising slogans and company press releases. It also includes several activities that companies consider internal communications, such as correspondence between and with staff magazine, employees, etc.
You should not underestimate the critical significance of corporate behavior in regards to its effect upon corporate identity. That also includes a company's conduct towards everyone who you can regard as stakeholders. In addition to external behavior impacting consumers, the public, and the media, internal matters can also shape corporate behavior. For instance, these include the workers' fair treatment and the leadership and behavior style of the corporate management team. The employees of the company, in turn, can also have a key impact on corporate behavior, depending on the precise values they select to implement.
Wrapping it up
To summarize, your corporate identity is the backbone of your company, and the success of your organization heavily depends on it. That is exactly why it is necessary to make sure that all your corporate identity components are consistent all the way through your external and internal marketing. Working on your identity early on will definitely reap the rewards for you in the future as your business grows.