Most Reputed Brands in the World
What is it that makes a certain brand reliable, while another playful? There is a lot that contributes to the formation of a brand, a logo, the colors chosen to represent the brand, the tone of the content they put out, and the way they respond to their customers. But is there more to a brand than all this? Have you ever wondered why some people swear by one brand while an equal number opt for its competitor?
It is the brand value, reputation and the perception that proves to be the defining difference. In this post, we will talk to you about the best practices in brand reputation management. We will also talk about the most recognized brands in the world while discussing the reasons why they have reached where they have.
Brand Reputation Management Practices
With so much competition vying for consumers’ trust and business, maintaining a positive brand reputation is important. Use the best practices to develop your brand reputation management strategy.
Ten highly-effective brand reputation management tactics for making you one of the most recognized brands and growing your business are listed below.
- Excel at content marketing
- Improve customer satisfaction
- Focus on the customer experience
- Deliver proper customer support
- Use social listening tools to respond to the negative comments
- Personalize your customer interactions
- Increase employee satisfaction
- Nurture brand advocates
- Generate customer testimonials and success stories
- Increase social media engagement
#1. Excel at content marketing
Content marketing is a very important element of effective brand reputation management. Content marketing consists of producing educational and creative content that solves common problems of your audience. Content expands your brand presence significantly improving your brand reputation.
#2. Improve customer satisfaction
Customer satisfaction is a key to business growth. It directly impacts your brand reputation. Satisfied customers tend to share their positive experiences with friends and colleagues, which is indirectly a boon for your reputation management efforts.
#3. Focus on the customer experience
The customer experience is rapidly growing as an important marketing variable. There are many ways to deliver a great customer experience. Reaching out individually to each customer, sending customer surveys for feedbacks, staying in touch with customers via email newsletters are few aspects which are extremely important.
#4. Deliver proper customer support
The more effectively and quicker you resolve customer support issues, the better your brand reputation will be. This exercise will help you increase first contact resolution rate.
#5. Use social listening tools to respond to negative comments
Negative sentiment spreads like wildfire on social media. Whenever you receive a notification, respond to the comment as quickly as possible and be diplomatic and empathetic in your response.
#6. Personalize your customer interactions
Personalize your customer interaction by getting an insight into each customer’s challenges, needs, interests, products owned, past support tickets, and more. Personalized outreach makes customers feel valued and helps you form a rapport with them.
#7. Increase employee satisfaction
Employee engagement programs tremendously increase employee satisfaction. Happier employees who are satisfied tell their friends how great it is to work at your company. As the positive word spreads, your brand reputation improves.
#8. Nurture brand advocates
Brand advocates are the most effective tool for brand reputation management. They are satisfied customers, employees, or anyone who loves your brand and speak positively about it and recommend it to others.
#9. Generate customer testimonials and success stories
Developing testimonials and customer success stories allow current customers to share their positive experiences with their peers. It’s one thing for you to tell the market how great your product is.
#10. Increase social media engagement
Experts predict that by 2021 there will be over 3 billion social media users. A positive and active social media presence can be a key driving factor behind an improved brand reputation.
The top brands in the world in 2020
Amazon, Google, and Microsoft were some of the leading brand. Multiple brands have thrived in recent years to achieve a position in the list. The value of a brand is expected to rise with its visibility. A company’s success is recognized from its brand recognition and the popularity. Making a brand name popular is not so easy. It requires a great deal of vision, marketing insight to reach the top. We have listed the reputed brands of the world below:
Apple Inc. is an American multinational company headquartered in California. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to sell Wozniak’s Apple I personal computer. Apple’s strong leadership and innovation helped push it to the top of a list of most valuable brands. Apple has replaced Google in the top spot this year with a score of 85.62, the highest for any organization in the history of the 13-year-old study.
Google LLC is an American multinational technology organization that specializes in Internet-related services and products, which include online advertising technologies, search engine, cloud computing, hardware and software. It is considered one of the Big Four technology companies, alongside Amazon, Apple, and Facebook. Google has the best reputation of any company in US and id one of the most recognized brands. According to the research firm, Google secured a reputation quotient (RQ) of 84.05, easily being at the second-place best company.
Microsoft Corporation is an American multinational technology company with its headquarters in Redmond, Washington. Microsoft develops, manufactures, licenses, and sells computer software, personal computers, consumer electronics and related services. Microsoft has been named as the company with the best reputation for corporate social responsibility for the second year in a row.
Founded in 2004, Facebook helps to give people the power to build community and bring the world closer. The new Axios Harris Poll 100 surveyed US adults about their views on corporate reputation of the 100 most visible US companies. Facebook, had been in the 51st spot in 2018, it fell 43 slots to 94th in 2019. Inspite of its 43rd ranking Facebook still has a good stand in its ranking. It is one of the most reputed brands.
Amazon.com, Inc., is an American multinational technology firm based in Seattle, Washington. It’s main focus is on e-commerce, cloud computing, artificial intelligence and digital streaming. It is considered one of the Big Four technology companies along with Google, Apple, and Facebook. It falls in the top global brands list. Millennials love Amazon more than any other brand.
Coca-Cola Company is an American multinational manufacturer, retailer, and marketer of nonalcoholic beverage concentrates and syrups. Coca-Cola offers about 500 brands in more than 200 countries. Coca-Cola was one of 17 companies which earned an excellent reputation score with a reputation quotient of 81.18. Amazon topped the list for the second year in a row with a reputation quotient of 86.27.
Nike is an American multinational company that is engaged in the design, development, manufacturing, marketing and sales of footwear, apparel, equipment, accessories, and services worldwide. The headquarters of the company are near Beaverton, Oregon, in the Portland metropolitan area. Nike’s overall reputation has dropped 16.8-points since January of 2018, from an excellent score of 82.1 to an average score of 65.3. Nevertheless Nike is the most valuable fashion brand in the world.
Samsung is the largest South Korean conglomerate. It was founded in 1938 as a trading company by Lee Byung-chul. Samsung came 49th in this year’s Reputation Quotient Ratings from Harris Poll, which ranks the 100 most visible companies in the US according to public reputation. In 2018 ratings, Samsung ranked seventh, and it ranked third in 2015, ahead of Apple and Google.
The Walt Disney Company, commonly known as Disney, is an American diversified multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Walt Disney Company ranks high on The Axios Harris Poll 100 for 2019, holding the No. 5 spot for the second consecutive year. The annual study uses proprietary research from The Harris Poll Reputation Quotient to measure the reputations of the 100 most visible companies in the U.S.
Toyota Motor Corporation is a Japanese multinational automotive manufacturer with its headquarters in Toyota, Aichi, Japan. In the year 2017, Toyota consisted of 364,445 employees worldwide. As of September 2018, was the sixth-largest company in the world by revenue. Toyota’s brand value increased 5 percent to nearly USD 30 billion because of strong demand for its SUVs in Europe and the United States and because of the automaker’s consistency, according to the BrandZ Top 100 Most Valuable Global Brands study released by market researcher Kantar Millward Brown.
McDonald’s Corporation is an American fast food company, founded in 1940 as a restaurant. Focusing on its core brand, McDonald’s began divesting itself of other chains it had acquired during the 1990s. McDonald’s is the world’s leading global foodservice retailer with over 37,000 locations in over 120 markets. Over 90 percent of McDonald’s outlets worldwide are owned by independent local business.
Alibaba is China’s and also the world’s — biggest online commerce company. Alibaba is the most popular destination for online shopping, in the growing e-commerce market. Alibaba has the 9th highest global brand value. Alibaba is the world’s largest retailer and e-commerce Company and one of the biggest venture capital firms, and one of the biggest investment corporations in the world. Alibaba Group is the world’s most valuable retail brand outside the U.S., say global marketing and communications group WPP and research and consulting firm Kantar. In their ranking released on Tuesday, WPP and Kantar put Alibaba ahead of McDonald’s, Home Depot, Nike.
AT&T Inc. is an American multinational business conglomerate holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. AT&T has maintained its position as the leading telecoms brand in the world, despite its brand value falling 5 per cent from USD 87.0 billion to USD 82.4 billion over the past 12 months.
United Parcel Service is an American multinational package delivery and supply chain management firm. UPS ranks Among Top 5 Most Loved Brands In America. The company has also achieved a top-five rank every year since Morning Consult began publishing its list in 2017. In addition to the fourth overall, UPS tied for the second most trusted brand in America, and ranked among the top 10 brands for nine of the 10 measured demographic categories. The ranking was determined from the results of more than 400,000 survey interviews measuring consumer favorability, trust, community impact, and Net Promoter Score.
Tencent is among the world’s top technology companies by market value. Tencent has been credited as one of the world’s most innovative companies by various media and firms. In 2018, Tencent had the 5th highest global brand value. Tencent’s brand value increased 25% to be worth USD 132.2bn. The achievement came in a bumper year for Chinese brands which combined achieved record growth in brand value of 23% to be worth USD 683.9 billion, up from USD 557.1 billion a year ago.
Starbucks Corporation is an American coffeehouse chain. It was founded in Seattle, Washington in 1971. In 2019, the company operates over 30,000 locations worldwide. Starbucks Corporation was listed on NASDAQ in 1992. Its brand portfolio includes Starbucks Coffee, Seattle’s Best Coffee, Teavana, Tazo, La Boulange, Ethos Water Evolution Fresh and Torrefazione Italia Coffee. Starbucks dominates as world’s most valuable restaurant brand, with brand value of USD 39.3 billion Starbucks has built its reputation as not only being the third refuge in our brand world, but as an inclusive, progressive, forward-thinking brand.
The International Business Machines Corporation is an American multinational information technology firm headquartered in New York, with operations in over 170 countries. IBM’s brand was valued at USD 75.5 billion and ranked by Interbrand as the second-best brand worldwide. IBM was also amongst the top 10 technology brands in North America, behind Microsoft and Google in 2019. In 2018, IBM invested more than 1.46 million USD in promoting and advertising its products worldwide.
Visa Inc. is an American multinational financial services corporation. It is headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa rises on the Fortune 500 list and also ranks among the top 10 most valuable brands.
Pepsi Cola was first formulated in 1898 and is known for its soft drinks. Today’s PepsiCo comprises of a huge portfolio of 22 beverage, snack, and food brands. Pepsi holds The Brand Footprint Global Ranking Top 50. As per Interbrand and Forbes, Pepsi is the 22nd and 30th most valuable brand in the world, worth USD 20.491 billion and USD 18.2 billion, respectively. Forbes also identified Frito-Lay as the 40th most valuable brand in the world, worth USD 13.6 billion.
Intel Corporation is an American multinational technology company headquartered in Santa Clara, California, in the Silicon Valley. Intel was honored by Forbes as one of the 2019 World’s Most Reputable Companies for its efforts in innovation, governance, citizenship and more. The company was named to the No. 11 spot out of 100, up from No. 15 in 2018.
Brand reputation is not formed in a day, it is something that a brand earns based on the experience it delivers to the customers. It is a matter of great sensitivity and if you are not careful, the brand reputation can suffer greatly, impacting the success of the organization.
This is a competitive world and if your brand reputation is suffering there are hundreds, maybe thousands of other brands ready to replace you. It needs persistent efforts on your part in making sure that each experience your customers have with you is exceptional.
There are many effective ways to make sure that your brand reputation stays positive. You can enhance customer service with Appy Pie Chatbot, promote your business digitally with Appy Pie Website and Appy Pie AppMakr, and make sure that every visual element of your digital and physical identity looks picture perfect to your audience with the help of Appy Pie Design. What’s stopping you now from exploring all this and more!