Wednesday, June 13, 2012

CANADA, COUNTRY WITH BEST REPUTATION IN THE WORLD


Canada has been named the country with the best reputation in Reputation Institute’s 2011 Country RepTrak global ranking. The annual study measures the public perceptions of 50 countries around the world. This is just as Nigeria occupied number 47 on the table having 50 countries. Sweden followed Canada as Australia, Switzerland, New Zealand, Norway, Denmark, Finland, Austria and The Netherlands were in number three, four, five, six, seven, eight nine and ten respectively.
The study specifically measures the overall Trust, Esteem, Admiration and Good feelings the public holds towards these attributes, including a good quality of life, a safe place to live and a strong attention to their environment. Results from over 42,000 respondents worldwide showed that the North American country scored well in all the outlined criteria.
“The study shows that a strong country reputation requires a solid performance across three different areas: having an advanced economy, an appealing environment and an effective government,” says Nicolas Georges Trad, Executive Partner of Reputation Institute, a global consulting firm specializing in reputation management.
The first five countries showed stability in their high scores in the three years of the study. Their strong reputations are attributed to their steady democracies, high GDP per capita, focus on active lifestyles, well developed political systems and perceived neutrality to international political upheaval. The lowest ranked countries in the 50-country study were Pakistan, Iran and Iraq, while the United States and China were ranked in the middle and lower tiers.
One of the most interesting findings of this year’s study was the significant decline in the average score of all countries measured, indicating a growing disenchantment of people towards countries, perhaps because of recent developments in world economies and growing loss of confidence in politics globally. The effect of economics and politics on countries’ reputation also showed in some of the big movements from 2009 and 2011: Spain, Ireland and Greece dropped by five, six and seven places respectively, while Germany move five spots to number 11.
The result in Greece was even conspicuously rater internally; the study found that, when rated by Greeks, the country scored almost 16 points lower than by people outside the country.
Trad says, “This suggests that in addition to managing their reputations externally, countries should also invest in building domestic pride to drive positive perceptions both inside and outside the country – especially following a trust crisis like we see it in this case”.
The institute also checked the impact that people’s perceptions on the 16 attributes had on the countries’ overall reputation. It was found that being perceived as a safe country and a country with friendly people are the most important attributes that drive a country’s reputation. This could explain Mexico’s plunge from 24th place in 2009 to 35th place this year, as it continually struggles with an image of violent, lawless country.
One may note that the most important finding in this year’s study is that reputation means money. The institute found a very strong nexus between a country’s reputation and people’s willingness to visit there, buy its exported products and services, invest there, study there or even live and work there.
According to the Executive Partner of the Institute, Kasper Nielsen, the institute’s approach provides a strategic tool that enables countries to make informed decisions about how to spend their brand and reputation building budgets.
He adds, “When you consider that a 10 percent increase in your country’s reputation leads to an 11 percent in your tourism receipts, and a 2 percent in your FDI – this is something both countries and companies might want to take note of.”
THINGS TO NOTE
About Reputation Institute: Reputation Institute is the world’s leading corporate reputation consulting firm. Founded in 1997, with a presence in 30 countries, it is a pioneer in reputation management.
Survey Sampling International: Survey Sampling International is a premier global provider of sampling solutions for survey research. With offices in 15 countries, SSI provides data collection services to more than 1,800 clients, including 48 of the top 50 research organization.
2011 Country RepTrak Global Ranking
Rank
Country
Score
1
Canada
74.8
2
Sweden
74.4
3
Australia
74.3
4
Switzerland
74.2
5
New Zealand
73.1
6
Norway
73.1
7
Denmark
71.9
8
Finland
70.5
9
Austria
69.4
10
Netherlands
68.7
11
Germany
68.3
12
Japan
67.2
13
Belgium
65.6
14
Italy
64.6
15
UK
64.2
16
Spain
63.7
17
Ireland
63.6
18
France
62.1
19
Portugal
58.1
20
Singapore
58.0
21
Greece
55.8
22
Brazil
54.6
23
USA
52.9
24
Argentina
52.0
25
Taiwan
51.3
26
Poland
50.9
27
India
50.3
28
Peru
50.2
29
UAE
50.0
30
Thailand
49.9
31
Chile
49.7
32
Puerto Rico
47.4
33
South Africa
46.7
34
South Korea
46.6
35
Mexico
46.0
36
Turkey
46.0
37
Egypt
45.9
38
Venezuela
45.4
39
Bolivia
42.4
40
Ukraine
42.2
41
Israel
41.9
42
Haiti
41.8
43
China
40.7
44
Saudi Arabia
38.8
45
Russia
38.6
46
Colombia
37.1
47
Nigeria
30.9
48
Pakistan
27.2
49
Iran
22.7
50
Iraq
21.8

EFFECTIVE GOVERNMENT
RANK
COUNTRY
1
Switzerland
2
Sweden
3
Norway
4
Canada
5
Denmark
6
Australia
7
Germany
8
Finland
9
Netherland
10
New Zealand

ADVANCED ECONOMY
RANK
COUNTRY
1
Japan
2
Germany
3
Sweden
4
Switzerland
5
Norway
6
Canada
7
US
8
Denmark
9
Finland
10
Australia

APPEALING ENVIRONMENT
RANK
COUNTRY
1
Australia
2
Switzerland
3
Sweden
4
Canada
5
Italy
6
New Zealand
7
Norway
8
Spain
9
Austria
10
Denmark
Source: Punch Newspaper; 30:9:2011, Feature 3

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