Professional Documents
Culture Documents
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Executive Summary
Corporate communications and its derivatives help a company in increasing the rate of trust
for shareholders and contribute to encasing the profit lines. This report has analysed the
corporate communications and derivatives of Bristol Water and has analysed a stakeholder
theory for understanding the primary stakeholders of this company. In addition, this report
has also analysed the requirement of promotional, communication and messaging strategies
that are required by a business firm in inheriting profitable values. In addition, this report has
provided relatable recommendations to the board of Bristol Water for increasing their
promotional and marketing strategies and policies.
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Table of Contents
Assessment 1: Report Writing....................................................................................................4
1. Introduction........................................................................................................................4
3. Stakeholder analysis...........................................................................................................6
5. Recommendations..............................................................................................................9
6. Conclusion........................................................................................................................11
Reference List..........................................................................................................................13
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Assessment 1: Report Writing
1. Introduction
Corporate
communications
3. Stakeholder analysis
Helps in
promoting
products
and services Helps in
Undermines realising the
risk factors consumer
interests
Stakeholder
analysis
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the community also while undermining the protection of the external and internal
environment inside an accounting period. In my opinion, a company is required to do the
correct things because it is the appropriate measure for running a business firm successfully
in the future financial periods. In addition, a company is also required to approach the
profitable derivatives toward the welfare of the community and stakeholders for generating
maximum financial benefits and returns inside a financial year.
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communications and marketing management have enabled this company in being one of the
most profitable companies in the soft drink market in the UK. In addition, the company’s
promotional merchandise and website derivatives have helped this company in incurring
enhanced brand loyalty, consumer base and profits inside an accounting period. In my
opinion, this company is required to undermine the policies of messaging communications
more effectively to constantly stay in accordance with the requirements of the consumers and
stakeholders. In addition, this is also going to help this company in keeping up with the
constant requirements of the industry and consumer preferences. On an overall basis,
communication inside the internal and external environment of a business is an important
determination that helps business firms in incurring strong and clear branding, customer
service and strategic decisions (ID, 2021). In addition, branding of the business is going to
help in building brands that are consistent with messaging exploits that are primarily directed
towards a targetted audience. On the other hand, internal communications between the
company’s employees and managers are going to build internal rapport for encouraging
collaboration and teamwork derivatives.
In reference to the case scenario, Bristol Water inherits an effective form of communication
with its stakeholders and customers but fails to implement the advancements in technological
services as a part of the communications program. The board of the company does not inherit
the services of video calling and messaging as a part of improving the rate of
communications. Hence, this company is required to inherit communication theories as a
definite part of its business and strategic plan. Effective communications theory and model
are going to help this company in attaining transactional, linear and interactional derivatives
that are going to be a positive source for any company that is operating inside a
manufacturing industry (SP, 2020). Therefore, following the determinants of effective
communication and messaging is going to help this company in incurring added benefits and
increase the rate of goodwill this company which is going to be one of the necessary
determinants for the future financial periods. Creating a Facebook and social media page does
not inherit any added benefits if they are not updated regularly. Therefore, this company is
required to hire a professional social media advisor to constantly update the social media
pages which are primarily going to act as a form of communication in engaging with the
employees, customers, stakeholders and investors during an accounting period.
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5. Recommendations
Bristol Water is recommended to implement the policies of effective communication with its
employees and stakeholders for inheriting a profitable business reputation and goodwill
inside an accounting period. In reference to the case scenario, it has been stated that this
company primarily follows a basic Facebook page for interacting with its customers and
stakeholders. In my opinion, this company is required to inherit definite plans for updating
the page once every week with relevant business ethics and proceedings that have been
conducted inside a financial year. The primary impact and presence of social media are
required to be considered by a company based on the valuations made and the feedback from
the pages of other companies that are operating in the same industry or market (Henderson,
2020). In addition, this firm is recommended to research improving their social media
presence and update their social media handles once or twice every week. This is going to
help this company in increasing its consumer base and impact its financial performance
which is going to be positively reflected in the cash flow and financial statements every year.
On the other hand, this company is also recommended to undermine the factorial changes of
promotional strategies. Promotion of the company’s primary products or services is a
required element that acts as a form of an effective tool for both large and small business
firms.
As referred by Daniel (2018), marketing and promotional strategies are the primary focus that
every business firm is required to inherit for surviving on a long-term basis. In addition, this
procedure is going to be initiated by achieving marketing objectives and incurring correct
business decisions that are going to be beneficial for incurring effective bases of customers
and a large mix of products. On the other hand, Christina et al. (2019) stated that effective
promotional strategies and marketing mixtures help a company to create ranges of awareness
also while persuading their customers for buying services and products that they primarily
offer. In addition, without determining proper and efficient promotional and marketing
strategies a business firm becomes stagnant and it becomes very difficult to generate
profitable numbers based on the low visibility rates inside the market in an accounting period
(Bradley, 2019). Therefore, Bristol Water is primarily recommended to increase its
promotional strategies with definite advertising and social media derivations for increasing
the line of profits and customer base for future financial years. In addition, this is also going
to enhance the preferential choices of stakeholders and investors to incur more profitable
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numbers for the company which is going to be a beneficial purpose for Bristol Water’s
overall business operations.
6. Conclusion
Corporate communications are an effective determination that every business firm is required
to inherit in their business plans for increasing their present customer base and trust of
stakeholders. This report has concluded that the primary link between social governance,
corporate reputation and environmental factors is directly proportional to product
development, customer satisfaction and protecting the surroundings of the external and
internal environment. In addition, the stakeholder analysis of Bristol Water has concluded
that this company comprises effective stakeholders and a consumer base which are regarded
as the company’s primary stakeholders. On the other hand, this company is recommended to
undermine the policies of promotional and marketing strategies for increasing their customer
base and the trust of shareholders in the future financial periods.
Corporate communications are primarily categorized based on public relations and marketing
communications. As referred by Cornelissen (2020), key stakeholders of a company such as
employees, customers, investors and creditors are primarily involved in the context of
corporate communications. In addition, building corporate communications and overall
strategic concepts of a business firm is an extensive task that primarily influences the
goodwill and reputation of a company during an accounting period. In addition, it has also
been referred that despite the enhanced contribution of the concepts of corporate
communications many companies inside the manufacturing industry do not primarily
undermine the importance of the corporate communications concept. The companies that do
not follow the process of corporate communication primarily fail to value their customers and
employees. In addition, their overall strategic input based on the decision-making process is
primarily compromised (Robbins, 2020).
In addition, the senior managers and CEOs of the company that does not follow the
regulations of corporate communications directly contribute to the regulation of the
environment and decreased the overall profits and performance of a company. In the case of
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Bristol Water, the company efficiently follows the overall rate for corporate communications
which has made this company one of the most profitable manufacturing company of soft
drink and water products in the UK. As per my opinion, this company is efficiently following
the overall determinants of the corporate communication policies and is adapting to the
constant changes in consumer preferences with effective regulation of the wants of children.
Therefore, this company is heavily regarded by the “UK’s soft drinks levy” and has enhanced
its customer base and partnerships.
The concept of corporate communications inherits infinite benefits for organisations based on
the decision-making process, customer engagement and considerations of the external
environment. As referred by Riel et al. (2007), corporate communications is a definite and
essential determination that is required to be followed by the business firms for inheriting
better financial returns. In addition, there are definite limitations inside the concepts of
corporate communication as there are a definite absence of strategies and concepts, a lack of
balance between managers and employees, and inherits definite budget restrictions. In my
opinion, these limitations primarily arise the internal transparency which can be a negative
determination for the companies that are operating inside a manufacturing industry.
After the extensive impacts of Covid-19 have initiated the business firms in understanding
the change is continuous for adapting to the global issues (JG, 2022). In addition, business
firms have also adopted the usage of advanced technologies and human intelligence factors
for accepting flexibility factors and commitments. In addition, business firms are also
recommended to utilise the transparency rule as a definite part of assessing the overall
business weakness and establishing definite partnerships with other firms or stakeholders.
Linking with the above determinations, Bristol Water has efficiently adopted the advanced
terminologies of corporate communication in the post Covid-19 era by engaging with
numerous stakeholders and customers. In my opinion, Bristol Water is going to inherit fewer
problems and derivatives due to the enhanced consumer base and partnerships with other
firms.
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Reference List
BW, (2022) 2022 Global Soft Drink & Bottled Water Manufacturing Market Research
Report - ResearchAndMarkets.com Available
at:https://www.businesswire.com/news/home/20220316005795/en/2022-Global-Soft-Drink-
Bottled-Water-Manufacturing-Market-Research-Report---ResearchAndMarkets.com
Accessed on [19.4.2022]
Christina, I.D., Fenni, F. and Roselina, D., 2019. Digital marketing strategy in promoting a
product. Management And Entrepreneurship: Trends Of Development, 4(10), pp.58-66.
Cornelissen, J. (2020) Corporate Communication: A Guide to Theory and Practice. 6th ed.
Los Angeles: Sage Publications.
Enrique Bianchi, Juan Manuel Bruno, Francisco J. Sarabia-Sanchez, (2019) The impact of
perceived CSR on corporate reputation and purchase intention Available
at:https://www.emerald.com/insight/content/doi/10.1108/EJMBE-12-2017-0068/full/pdf?
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Francis K, (2021) Importance of Business Communication Channels Available
at:https://smallbusiness.chron.com/importance-business-communication-channels-117.html
Accessed on [19.4.2022]
Henderson G, (2020) How Often Should I Post On Social Media For My Business Available
at:https://www.digitalmarketing.org/blog/how-often-should-i-post-on-social-media-for-my-
business Accessed on [20.4.2020]
Jannipa Ruangviset, Pornsit Jiraporn, and J.C.Kim (2018) How does Corporate Governance
Influence Corporate Social Responsibility? Available
at:https://www.sciencedirect.com/science/article/pii/S1877042814044826 Accesse4d on
[19.4.2022]
Krizanova, A., Lăzăroiu, G., Gajanova, L., Kliestikova, J., Nadanyiova, M. and Moravcikova,
D., 2019. The effectiveness of marketing communication and the importance of its evaluation
in an online environment. Sustainability, 11(24), p.7016.
Mahmood A and Bashir J, (2020) How does corporate social responsibility transform brand
reputation into brand equity? Economic and non-economic perspectives of CSR Available
at:https://journals.sagepub.com/doi/full/10.1177/1847979020927547#:~:text=Companies
%20have%20used%20CSR%20as,NGOs%2C%20consumers%2C%20and
%20media.&text=Hence%2C%20CSR%20and%20corporate%20reputation,brand
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Riel, C.B.M. van and Fombrun, C.J. (2007) Essentials of Corporate Communication. Oxford:
Routledge
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