The Marketing Conference Series 2022
November 11th 2022
A strong brand presence can assist a region or destination in gaining a competitive advantage. While Covid-19 has created a new climate of uncertainty, causing disruptions in globalization and international trade, the growing influence of global media, the rise of place branding efforts, the emphasis on sustainability, and the mobility of both people and money have all continued to fuel interest in place and destination branding. As a result, there has been a renewed interest in the identities of specific locations, as well as their unique qualities and modes of communication. This has also resulted in significant advances in place and destination branding, both in practice and theory. As a result, it is time to revisit existing concepts and open up new research avenues for the theory of place marketing and destination branding, which challenges the current dominant logic and methodologies.
“Improving Economic Prosperity through Place Branding”
David J Reibstein
Whether they like it or not, places, such as nation and city, have brands. The value of their brands has a direct influence on their economies-most specifically on tourism, exports, and foreign direct investment. Like the most successful corporations, nations would benefit economically from creating effective nation branding campaigns to improve their brands. However, for a nation to alter perceptions-i.e., to reposition its nation brand-it must make a focused effort to change the perception that other people have of the nation. If negative perceptions accurately reflect reality, the nation should change its policies. If negative perceptions are inaccurate, the nation should change the minds of the world about these misperceptions.
David J. Reibstein is the William S. Woodside Professor and Professor of Marketing at The Wharton School, University of Pennsylvania
Topic – Branding a Smart Sustainable Ocean City
Panelist:
Facilitator: Dr. Trinh Viet Dung