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Rebranding a disgraced organization: A case study of the Icelandic banksElvar lafssonDepartment of Business Administration Master Thesis in Management Researching 2010LUND UNIVERSITYAbstractTitle:
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01
Start by assessing the extent of the organization's disgrace and identifying the reasons behind it.
02
Conduct thorough market research to understand the audience's perception and identify areas that need improvement.
03
Develop a comprehensive rebranding strategy that aligns with the organization's values, goals, and target audience.
04
Create a new brand identity, including a new name, logo, and visual design elements, that reflects the desired reputation.
05
Craft a compelling brand story that highlights the organization's transformation journey and commitment to change.
06
Establish clear and transparent communication channels to address any negative perceptions and regain trust.
07
Engage in community-building activities and collaborations to showcase the organization's positive impact and involvement.
08
Implement the brand changes across all touchpoints, including the website, social media, packaging, and marketing materials.
09
Monitor and evaluate the effectiveness of the rebranding efforts, making necessary adjustments along the way.
10
Continuously communicate and reinforce the new brand message and values to stakeholders and the public.

Who needs rebranding a disgraced organization?

01
Organizations that have faced significant scandals, controversies, or public disgrace.
02
Companies that want to distance themselves from a negative reputation and start afresh.
03
Businesses that have experienced a decline in customer loyalty and trust due to unethical practices.
04
Government agencies or institutions that need to rebuild public trust after a scandal or corruption allegations.
05
Non-profit organizations that have lost support or funding due to mismanagement or scandals.
06
Companies operating in highly competitive industries where reputation plays a crucial role in success.
07
Organizations aiming to attract new investors, partners, or customers by repositioning themselves in the market.
08
Businesses that want to align their brand image with changing societal expectations and values.
09
Companies that have undergone significant internal restructuring and want to reflect a new direction and culture.
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Rebranding a disgraced organization involves changing the name, logo, and overall image of the organization in order to distance itself from past negative associations.
The leadership and management of the organization are responsible for initiating and overseeing the rebranding process.
The rebranding process typically involves conducting market research, developing a new brand identity, updating all marketing materials, and communicating the changes to stakeholders.
The purpose of rebranding a disgraced organization is to rebuild trust, restore reputation, and regain public confidence.
Information such as the reason for rebranding, the new brand identity, the timeline for implementation, and the communication strategy must be reported.
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