CEOs on the Reputation Premium
What do CEOs think about the importance of the corporate vs. product brand? Luckily we were able to discern the answer when we looked at this group in our recent survey on The Company Behind the Brand: In Reputation We Trust. 96% of CEOs said that the corporate or parent brand is as important as the product brand. That is nearly 100% agreement. Basically, they have little doubt of the corporate brands’ importance in this new age. Why would that be? Executives –across all four markets in our study– agreed that the primary impetus for the rising equality between corporate brand and product brand is the reputation halo that the parent company brings to its products. Some might call it the reputation premium. Notably, the CEOs in our study cite the bottom-line as their number one reason for equalizing corporate and product brand. They essentially say that there is greater efficiency in marketing and communicating one overall corporate brand rather than several different brands. The concept of an “enterprise” brand that communicates the company’s reputation and product brands’ reputation all at once gets underscored in our new study.