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Branding Places Q4 2005 Newsletter
GDP: $12.37 trillion...
For the first time, with the help of Brand Finance (www.brandfinance.com), we have added a new and very exciting dimension to the Anholt Nation Brands Index: a financial valuation of 32 of the brands in the list. It is now possible for us to put a dollar value on the reputations of the countries in the NBI, giving a sense of the real contribution of the brand to the nation's economy.
To perform the valuation of each country brand, Brand Finance used the 'royalty relief' approach. This approach assumes a country does not own its own brand and calculates how much it would need to pay to license it from a third party. The present value of that stream of (hypothetical) brand contribution payments represents the value of the brand. To learn more about this methodology, please click here to Simon Anholt: Saving Brand Turkey Turkey urgently needs to harness and take control of its own brand image, and put it to work in the highly competitive marketplace of today's globalized world. Looking at Turkey's scores in my survey makes one realize how serious a barrier to progress a poor image can be, obscuring and even obstructing the real progress being made in some areas. Turkey has a long way to go before it can really prosper in the global 'marketplace' for tourists, investors, consumers, talent and for the respect and attention of the world's media and other governments. Taking a brand-oriented perspective on the reforms and investments which are needed ensures that progress is efficient, focused, and strategically driven for quicker and longer lasting results. The brand images of countries, whether good or bad, are seldom an entirely accurate reflection of the reality of the country. In the case of developing countries, the most common reason for this disconnect between image and reality is time. The country may change quite quickly, but its image lags behind by years or decades and sometimes even centuries. Turkey, along with many developing economies, suffers from an image which was forged during an earlier and very different political era, and which now constantly obstructs its political, economic, cultural and social aspirations. In many ways, Turkey's brand image today in the West is in the same shape as if Atatürk had never lived.
Except, that is, in Japan, where it ranks surprisingly high overall, at 16th place, and South Korea, where the Turkish people are given an unusually high tenth place and the country an overall 17th. This, at least, points to an area of opportunity. Nation branding is partly about understanding how the grain of public opinion lies, because working with the grain is so much easier and faster than working across or against it. So this data is surely an indication that commercial, cultural, social and political relations between Turkey and East Asia (although which East Asian countries, apart from Japan and South Korea, remains to be seen) might prove to be the path of least resistance towards building prosperity and an enhanced international reputation. Click here to request the full article 5,000,000 Consumers, 200 Nations, 1 Solution: GMI Global Panels
To learn more about our panels, please click here.
Rakina Kaneva, Director of Data Processing Services
Rakina is responsible for overseeing all aspects of the development, design and deployment of the GMI Omnibus, Anholt Nation Brands Index, and Stewart-Allen BrandBarometer™, as well as providing technical direction to the new DP-related product development initiatives in North America, Europe and Asia-Pacific. Rakina, on the Anholt Nation Brands Index: "I am always excited to see the latest results of the Anholt Nation Brands Index because worldly events are always reflected in the data."
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