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Effective Executive Magazine:
Brand-building: Lessons from Emerging Economies
 
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Each country has its strengths and weaknesses. For the emerging country brand-building is a challenge. How can an emerging economy use its strengths to build a brand?

Brands are considered to be among the greatest strengths or assets of a company or a country today. A brand stands for a certain personality; it evokes certain feelings, builds goodwill and carries emotional attachments. In most ways, a brand supplies guarantee of reliability, quality and/or service. Thus, a strong brand can be a key source of competitive edge. Every Country has its National Symbols: Icons, Identities and Inspirations When one speaks of the Statue of Liberty, images of America are conjured. New York, until September 11, 2001, had its very unique twin tower, the World Trade Center. Indeed, the Taj Mahal conjures the images of things Indian and the Indian Moghuls’ great architecture! Paris is famous for its Eiffel Tower, and pictures of the Eiffel Tower on French products remind buyers of France. On the contrary, it appears that developing countries do not have the luxury of established icons or symbols such as those known or frequently seen in the goods produced by developed countries. There are many Kazakhstani icons which include falcons, the Golden Eagle of the Altai Mountains and the dombra, a Kazakh musical instrument. These icons and symbols have yet to be capitalised by businesses or the national government. Almaty’s New Square also proudly displays the “Zolotoy Chelovek” or the Golden Man and Astana’s Central Museum has the original piece. However, we have yet to see those “Zolotoy Chelovek” drawings in goods produced by Kazakhstan. And even if that is said to have been done, certainly we marketers would like to see more such markings on Kazakhstani products. An icon allows a person to identify and connect with the country and its population or the company and its products. It also inspires trust. Singapore Airlines (SA) inspires the trust of service quality. Even before its independence in 1965, Singapore has been known as a Lion City. With that in mind, Singapore came up with a stylised lion-head logo as the trademark on its products a few years ago. Banners for international events also carry that logo, and it has since been identified with the Lion City.

 
 

 

Brand-building: Lessons from Emerging Economies, World Trade Center, WTC , Severe Acute Respiratory Syndrome, SARS, education system, Joint-stock Company, Organizational Behavior, Strategic Customer Management, private sector.