BCBusiness

February 2015 Why they Give

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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bCbusIness.Ca February 2015 BCBusiness 39 3 4 asking them a series of questions on 65 consumer-facing brands (brands of com- panies headquartered in B.C. and/or companies that do the majority of their business here). As was the case last year, Rodenburgh pulled together a panel of experts to help determine the long list of names, with each brand measured holis- tically, as well as on a variety of indepen- dent brand attributes (see sidebar, "How to Make Love"). When the numbers were tallied for the 65 brands, Ipsos took the average and made that equal to 100. So for Save-on- Foods, this year's No. 1 brand, achieving a 166 overall meant it scored 66 per cent higher than the average B.C. brand. This score—the so-called attitu- dinal equity or "brand love"—matters for two key reasons, according to Roden- burgh: one, people want to do business with brands that they love, "so there is a high correlation between sales and equity." Also, he adds, when times get tough for a business, brands with strong equity scores tend to resist negative market forces: "I often talk about brand equity as 'an insulation blanket around your brand': when it gets cold, it will keep you a little bit warmer." Rodenburgh thinks that Save- on-Foods, which last year ranked third, moved to the top spot largely as a result of increased media play. "What the data is telling us is their increased presence in the media has allowed them to move their numbers up on a couple key metrics: their trust score has gone up; the extent to which people identify with the brand has gone up; and the perception that they're innovative as well as their visibility—the extent to which people see them everywhere—has gone up. They've done a good job just by Brand I Identify With Brand I Trust Brand Is Unique Brand Is Innovative saVe-On-FOOds LOndOn drugs bCaa VanCOuVer InternatIOnaL aIrpOrt WHIte spOt LOndOn drugs saVe-On-FOOds bCaa purdys WHIte spOt MOuntaIn equIpMent CO-Op LuLuLeMOn rOCky MOuntaIneer VanCOuVer WHIteCaps FC granVILLe IsLand breWIng eLeCtrOnIC arts LuLuLeMOn VanCOuVer InternatIOnaL aIrpOrt (yVr) MOuntaIn equIpMent CO-Op VanCIty 238 236 208 206 204 231 224 205 199 193 294 233 227 209 193 303 275 265 243 215 B.C.'s most loved Brands * aVerage brand Index = 100

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