BCBusiness

June 2018 This Business Owner Has a Plan for Life After Work

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.

Issue link: http://digital.canadawide.com/i/979427

Contents of this Issue

Navigation

Page 41 of 63

42 BCBusiness junE 2018 One t h i ng stood out for Mi ke Rodenburgh, executive vice-president for Western Canada with Ipsos. "The stronger brands generally improved, and the weaker brands declined," Vancouver- based Rodenburgh says. "We're in a place in the business environment today where scale matters. And it's easier to improve when you're larger, and therefore it becomes harder for a smaller brand." For that situation, thank a cluttered consumer landscape that has left people busier and more distracted than ever, Rodenburgh notes. "If you're a larger brand, you can a‚ord to continue to spend money and break through that clutter," he says. "If you're a smaller brand, it's propor- tionately more diƒcult." Digital advertising is often the only option for such brands, Rodenburgh adds. To arrive at its Brand Love scores, Ipsos asks two main questions: How close do you feel to this brand, and to what extent does it serve your needs? Brands that did espe- cially well this year included London Drugs (No. 1 again) and BC Ferries (No. 12, up six spots), which has the personable Mark Collins, a marine engineer by training, at the helm. "It always helps when you have a charismatic leader who understands the busi- ness that they're leading," Roden- burgh says. "They can create pro"le, or hurt the pro"le if they're not good." Another standout is restaurant chain A&W, moving from No. 5 to No. 4. "They've done it partly by resonating with millen- nials," Rodenburgh says, adding that the company's Brand Love score is highest with the 18-to-34 age group. "They had a very strong heritage with boomers that they had to adapt to deal with millenni- als, and so their marketing campaign and their product strate™y turned that business around demonstrably." Among Crown corporations and similar entities, BC Hydro drops from No. 2 to No. 8, while TransLink (No. 24) gains 16 spots and ICBC falls 21 places, to No. 36. Projected to lose $1.3 billion this "scal year, insurer ICBC has seen better days. "The Crown corporations, even if they do good things for the province or for the communities in which they operate, their brand can be positively or negatively impacted as a result of what hap- pens in Victoria," Rodenburgh says. The marijuana factor reveals a genera- tional divide. "In most cases where we see brands that resonate higher among high 50 100 150 lOndOn dRugs saVE-On-FOOds y VR a&W WhitE spOt bEst buy puRdys bC hydRO sun-RypE tElus bCa a bC FERRiEs pnE FORtisbC bOstOn piz z a thE kEg stE akhOusE & baR thRiF t y FOOds mEC bClC ChE VROn (complete list on page 45) B.C.'s 20 Most Loved Brands (n/c) (+1) (+3) (+1) (-1) (+4) (n/c) (-6) (+3) (-2) (-2) (+6) (+10) (+5) (-4) (n/c) (-3) (-4) (+5) (+1) brand love score (change in rank from 2017) B.C.'s Most Loved Brands ❤

Articles in this issue

Archives of this issue

view archives of BCBusiness - June 2018 This Business Owner Has a Plan for Life After Work