Corporate personality Essay Example | Topics and Well Written Essays - 1500 words

Corporate spirit - Essay Exampleive Officers (CEO) of large corporations as well as marketing managers of even smaller organisations are not hesitant to spend large sums of money in creating daub awareness by advertisements which also helps create the identity of the organisation among its customers. Against this background, it can be noted that the concept of corporate personality is topical and is indispensable especially to organisations which are bad concerned about making profits as well as ensuring their survival and viability in an environment characterised by stiff competition.In order to bring in a clear understanding of the concept of corporate personality considering the attitude of the courts to this important part of company law, it is imperative to begin by explaining what corporate personality is. Corporate personality is mainly concerned with establishing and maintaining the identity of a company (Gibson 1998). This involves creating the brand name or logo of the company which testament be apply as its identity to distinguish itself from the other companies operating in the same industry. In a free market, competition by various players is so pictorial such that in that respect is need for companies to come up with strong brands that will make them polar from the other players. This is particularly very important in that it will allow the customers to choose and identify with particular products which can help generate more revenue on behalf of the customer. This also helps the organisation to position its unique brand in the market which can give it a competitive advantage.However, gaining competitive advantage is not the only purpose of corporate personality but there is more to that than what is generally believed by many people. The operations of different companies are guided by the legal framework obtaining in that particular country. The laws in different countries are also particularly designed to protect the citizens from losi ng their money when they enter into