D2 Article in a professional compilation book

Rebranding




AuthorsHakala Ulla

EditorsPodnar Klement

PublisherEdward Elgar Publishing

Publishing placeCheltenham

Publication year2024

Book title Elgar Encyclopedia of Corporate Communication

Series titleElgar Encyclopedias in Business and Management series

First page 154

Last page159

ISBN978-1-80220-086-7

eISBN978-1-80220-087-4

DOIhttps://doi.org/10.4337/9781802200874.ch24

Web address https://www.elgaronline.com/view/book/9781802200874/ch24.xml


Abstract

Rebranding - the combination of re and branding - denotes a branding event performed anew, that is, a change between an initially formulated brand and a new formulation. Building a successful brand is a long-term process; hence, any change can invalidate years of effort but can also transfer or create new brand equity. A change of name usually symbolizes a major, identifiable change, and in the literature, the name change variable is used as an identifier for rebranding. The concept is often narrowly used and termed renaming. Successful rebranding involves overhauling a company’s goals, mission, and culture, not just changing the name or logo. A decision to rebrand is often provoked by structural changes, particularly mergers and acquisitions. Other drivers include a change in the corporate strategy, a change in the external environment, and a change in the competitive position. Whatever the cause and scale, rebranding must be managed holistically and supported by all stakeholders, with particular attention given to employees’ reactions.



Last updated on 2024-26-11 at 13:41