Branding Through Corporate Culture
August 23, 2015
Branding is all about differentiating your brand from your competition. Often companies craft marketing strategies primarily focusing on customers to fine-tuning their brand. One of the biggest mistakes is to focus too much time and resources on external things that help them stand out among their customers and overlook internal corporate culture and how their organization conducts itself.
As a business, you should do everything you can to make employees proud to represent your brand. Most often this isn’t about paying huge bonuses or salaries but small steps that a company can take to build an internal corporate culture that helps the brand. This corporate culture can have a significant impact on your brand.
Companies build a sustainable competitive advantage in the marketplace by attracting and keeping top talent, and corporate culture plays a crucial role in keeping their best people and attracting better talent.
However, Mercedes-AMG Formula One team does things differently. Mercedes-AMG presents Champaign at the track when they do well to make their employees feel special and appreciated. In terms of financial cost, it is pennies compared to what team spends on the races. However, from the perspective of an employee, it is a big deal. If you were a Ferrari or Lotus mechanic at the scene, wouldn’t you admire Mercedes-AMG as an employer and wish you were working for them? This is how small steps become significant factors in recruiting top talent from your competitors.
Focusing on developing a corporate culture that supports your long-term brand building efforts can provide a significant pay off down the road.
In simplest terms, your corporate culture should be a key component of your brand building efforts. Remember, your employees are your most powerful brand advocates, and building a brand should start with them.