Corporate
Communities Consulting
Glossary of Terms
|
|
Advocacy Alliance: An arrangement
where a group of non-profits and corporations or private sector firms
work towards mutually beneficial goals, such as changes in public policies,
self-regulation, or negotiating acceptable standards of operation. The
relationships may be formal or informal, and usually are formed in response
to a particular issue.
|
|
Brand: The sum of all the tangible
and intangible characteristics that make an organization, company, product
or service unique, and the consumer perceptions of that product or service.
Increasingly, many experts are considering a brand to be more interactive,
reflecting the relationship between a given product (or service) and the
consumer.
|
|
Branding: A process
by which a brand and brand identity are developed and communicated to
all stakeholders. Large multinational consumer products firms are perhaps
the best known branding experts, but more recently, many service firms,
non-profit organizations, cities, and even countries are placing more
emphasis on their branding efforts.
|
|
Brand Equity: The value of a brand
as an asset to a corporation or non-profit organization. In Building Strong
Brands, David Aaker outlines the four key elements of brand equity: brand
name awareness, brand loyalty, perceived quality, and brand associations.
|
|
Business Ecosystem: The entire
scope of organizations that are affected by or contribute to the operation
of a business, including direct and indirect customers, suppliers, distributors,
government agencies, standards bodies, trade associations, labour unions,
competing organizations, and others. Much like the members of a biological
ecosystem (which is made up of animals, plants and their surrounding physical
environment), members of a business ecosystem are affected either directly
or indirectly by the actions of every other member in their community.
|
| Cause
Branding: Carol Cone, CEO of Cone, Inc., used this term to describe
the evolution of cause marketing from a short-term promotional tactic
to a more strategic approach that integrates commitment to a particular
cause into a core component of an organization's business strategy. Murray
Morgan, President of Corporate Communities Consulting, spoke with Carol
at the IEG conference in Chicago where she delivered a terrific cause
branding case study with one of her clients: ConAgra's 'Feeding Children
Better' initiative.
|
| Cause
Related Marketing (CRM): A partnership between corporations and causes
that benefits both the businesses involved and society, where a brand
strengthens its image through support of a cause in the non-profit sector.
|
|
Coalition: An alliance of independent
corporations and/or organizations that decide to work together to achieve
a specific political or social goal. By forming a larger network, the
group of partners can pool resources and create a more powerful advocacy
voice.
|
| Corporate
Community: A group of organizations from multiple sectors of business
and society that coalesce around common marketing goals, where the causes
and needs of the public and non-profit sectors become the fuel for the
marketing success of the private sector. An integral part of the latest
frontier for marketing, which includes the recent emergence of cause marketing
and cause branding.
|
|
Corporate Community Investment:
A group of organizations from multiple sectors of business and society
that coalesce around common marketing goals, where the causes and needs
of the public and non-profit sectors become the fuel for the marketing
success of the private sector. An integral part of the latest frontier
for marketing, which includes the recent emergence of cause marketing
and cause branding.
|
|
Corporate Community Relations:
The title of a book by Edmund M. Burke, the founder of The Center for
Corporate Citizenship at Boston College. He defines this term as "the
state of relations between the company and the communities in which it
has a presence or impact. It encompasses programs that advance the interests
of both the company and its communities, such as donations, employee volunteerism,
and community partnerships."
|
| Corporate
Social Marketing (CSM): A powerful, if often misunderstood strategy
that uses marketing principles and techniques to foster behavior change
in a target population, improving society while at the same time building
markets for products or services.
|
| Corporate
Social Responsibility (CSR): This term describes the interaction of
a corporation with its stakeholders, including employees, customers, investors,
government, distributors and suppliers. CSR Europe began in 1995 when
the corporate sector voluntarily began to look for new ways to enhance
their social responsibility. This may include investment in community
programs, employee relations, financial accountability and environmental
impact, among others.
|
|
Corporate Sponsorship: Financial
support of a project or property by a corporation in exchange for publicity
and other benefits associated with the property. A trend is emerging to
consider sponsorship as a marketing direction rather than a simple donation.
See also Strategic Philanthropy.
|
|
In-Kind Sponsorship: Payment of
a sponsorship fee with products or services instead of cash, resulting
in creative synergies of benefit to both parties.
|
|
Marketing: The process of finding,
recognizing or creating opportunities to promote an organization, and
then planning and executing the conception, promotion, and distribution
of ideas, goods, and services.
|
|
Municipal Marketing: A partnership
strategy between a corporation and specific municipal services or programs,
brought about by the trend of municipalities increasing their branding
efforts and exploring non-traditional revenue-generating opportunities.
|
|
Non-Governmental Organization (NGO):
This term is used to describe non-profit or voluntary organizations, often
aligned with a particular cause (e.g. Greenpeace or World Wildlife Fund).
Research indicates consumer trust of NGOs is significantly higher than
either government or the private sector in Europe, and is moving in that
direction in North America.
|
|
Non-Profit Sector: One of the
three sectors of the economy, consisting of charities, causes, and other
organizations working towards social improvement instead of financial
profit. The two other sectors are the Private Sector and the Public Sector.
|
|
Private Sector: One of the three
sectors of the economy, consisting of businesses, corporations and other
"for profit" enterprises. The two other sectors are the Public
Sector and the Non-Profit Sector.
|
|
Public Sector: One of the three
sectors of the economy, consisting of government and government agencies.
The two other sectors are the Non-Profit Sector and the Private Sector.
|
|
Public-Private Partnership (P3):
A collaboration between a government agency (public sector) and a private
sector corporation or group of companies for community improvement. Examples
include partnerships to finance or develop major infrastructure projects
such as healthcare facilities or highway systems.
|
|
Social Marketing: The use of commercial
marketing techniques to alter public opinion about a particular social
issue.
|
|
Solution Communities: A term coined
by Corporate Communities Consulting to describe our unique approach to
linking corporations, government and non-profit organizations in order
to solve operational, funding and marketing challenges. The resulting
solution community benefits all parties involved.
|
|
Sponsorship: A transaction between
two parties in which financial consideration is exchanged for purchase
of a tangible such as advertising or event participation. See also In-Kind
Sponsorship.
|
|
Stakeholder: A group or individual
who can affect, or is affected by, the activities of a corporation or
an organization. These groups are often vital to the survival and success
of the organization and may include customers, employees, shareholders,
suppliers, agents, sponsors and regulatory agencies.
|
|
Strategic Alliances: A collaboration
in which partners combine their resources to meet mutually agreed objectives,
such as changes in public policy or business goals. Usually these alliances
are long-term, complex and have a significant impact on the success of
the strategic partners.
|
| Strategic
Corporate Philanthropy: An evolution of traditional philanthropy,
where corporations making donations to the non-profit sector look for
return on social investments due to pressures to increase bottom-line
results. Historically, this return could have included such benefits as
increased public awareness and positive impact on corporate reputation.
More recently, and particularly given the influential research by Michael
Porter, real strategic philanthropy is defined as enhancing a company's
competitive position.
|
|
Synergy: The combined or cooperative
action of separate agencies, which have greater total effect together
than the sum of their individual efforts.
|
| Three
Sector: The three key components of the economy that are beginning
to explore new ways of working more effectively together. See also Public
Sector, Private Sector and Non-Profit Sector.
|