There are many different attributes in company branding. Symbols and logos are used to create a combination mark that showcase a brand. Lettermarks can also be used which are abbreviated versions of the whole company name. All of these can be trademarked so they legally belong to a company. Pictographs are also commonly used to provide instructions without words.
There are many attributes to a good symbol. It should show positive aspects of the company and be easy to identify. It needs to draw the eye to it using a thick weight and whitespace. The symbol should not be too abstract or need more than one color to succeed. It should also be able to reduce down to half an inch.
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