2007 Top Brands chart unveiled
The IPKat has just discovered that the popular BusinessWeek/Interbrand Annual Ranking of The 100 Best Global Brands for 2007 has just been published. According to the press release: "Google, Zara, Apple, and Nintendo are among this year's top gainers in BusinessWeek's annual ranking of The Best Global Brands. For the seventh consecutive year, BusinessWeek has teamed up with Interbrand, a leading brand consultancy, to publish a ranking of the top 100 global brands by brand value.
Reviving even a storied brand isn't easy once consumers have a negative perception of it. Just ask Ford or Gap, which lost 19% and 15% of their brand value, respectively, in this year's BusinessWeek/Interbrand annual ranking of the 100 Best Global Brands. Even such perennial winners as Coca-Cola (No. 1) can have trouble boosting their brand. The beverage giant claimed the top spot for the seventh year in a row mostly because it is big and everywhere, but it failed to further grow its reputation because its move into healthier drinks has yet to resonate.
Still, it's possible to stage a brand comeback. Several such stories emerged in this year's ranking. While it's tempting for a challenged brand to emulate the likes of Google (No. 20), Apple (No. 33), or Starbucks (No. 88), doing so can seem audacious at best, delusional at worst. A potentially more useful exercise: examining brands that have stumbled but recovered. Take Nokia Corp. (No. 5): The Finnish giant realized its focus on making cheap handsets for the developing world was hurting in the U.S. and Europe. Nokia released high-end phones aimed at both the consumer and business user and is showing strength in emerging and mature markets alike.BusinessWeek chose Interbrand's methodology because it evaluates brand value in the same way any other corporate asset is valued-on the basis of how much it is likely to earn for the company in the future. Interbrand uses a combination of analysts' projections, company financial documents, and its own qualitative and quantitative analysis to arrive at a net present value of those earnings. Interbrand takes many ingredients into account when ranking the value of the Best Global Brands. Even to qualify for the list, each brand must derive at least a third of its earnings outside its home country, be recognizable outside of its base of customers, and have publicly available marketing and financial data.
BusinessWeek's special report, The Best Global Brands, (August 6th issue) will be available at http://www.businessweek.com at 5:00 p.m. (ET) on Thursday, July 26th and on newsstands Monday, July 30th".
For the full list of Top 100 brands and their ratings, click here and scroll down.
