Wednesday 14 November 2012

Nation Branding



 I found the following definition of the word ‘Brand’ on the MASB (Marketing Accountability Standards Board) website based in Florida, USA.

 brand is a "name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers.

Also, the following was something of interest on Wikipedia:

The word "brand" is derived from the Old Norse brandr meaning "to burn." It refers to the practice of producers burning their mark (or brand) onto their products.
The oldest generic Brand, which is in continuous use in India, since Vedic period, 9000–10000 years ago is known as 'Chyawanprash'. It is widely used in India and many other countries and is a herbal paste of 45 herbs made for revered Rishi named Chyawan.
Branding can be for a personality or a company/organization or for a country too. I have been sometimes wondering that why India with such a rich olden times, different and vibrant society and above all a well branched out NRI populace doesn’t not brand itself. The names which immediately come to mind when nation branding comes are the ‘Malaysia – Truly Asia’ slogan or ‘Discover Australia’ one. The last to join the league is South Korea. I read an interesting article in the Korean Herald regarding the South Korean branding. South Korea has been performing superbly and has churned out global giants like Samsung, LG and Hyundai.

China did a similar branding exercise in the city of Rome (early 1970’s) as the Chinese government supported migrants to open diners in the city and residents of the city learnt the Chinese culture from there as laid out in the article.