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Nation branding aims to measure, build and manage the reputation of countries (closely related to place branding).In the book Diplomacy in a Globalizing World: Theories and Practices, the authors define nation branding as "the application of corporate marketing concepts and techniques to countries, in the interests of enhancing their reputation in international relations."
Nation branding aims to measure, build and manage the reputation of countries (closely related to place branding).In the book Diplomacy in a Globalizing World: Theories and Practices, the authors define nation branding as "the application of corporate marketing concepts and techniques to countries, in the interests of enhancing their reputation in international relations."
A recent, clear example as of 2011 is the use of "Greco-Roman symbols merged into Christianity" on the Euro note. [8] Many nations have put their national ideas on their money "via branding national myths and symbols."
The Presidential Council on Nation Branding was established on January 22, 2009, by Executive Decree 21283 with the objective to develop South Korea's national brand value. The council was abolished on March 23, 2013. South Korea achieved a nation brand above the OECD average. [1]
There are three key levels of branding: Corporate brand, umbrella brand, and family brand – Examples include Heinz and Virgin Group.These are consumer-facing brands used across all the firm's activities, and this name is how they are known to all their stakeholders – consumers, employees, shareholders, partners, suppliers and other parties.
These companies often have well-established operations, strong brand recognition and the ability to navigate economic cycles. Investing with them provides predictability regarding dividend payments.
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