Vivek Wagle, Research Director at YouGov, says:
"BrandIndex is the first of its kind. Until now only sluggish brand trackers which are run quarterly, or even annually have been available on the market. They belong to a different world, we now have 24 hour news channels and the internet where the health of a brand can change on a dime. A tool like this allows businesses to react much faster and with greater sensitivity."
At the apex of the brand barometer sits Sony with a BrandIndex score of 69 with Nokia and Google hot on its tail with scores of 67.3 and 66.3. Google, a usual champion in BrandIndex markets such as the UK and US, settles for third place in a culture deeply enthralled by consumer electronics.
Noteworthy among the top 10 brand performers is that a third include luxury car makers, Mercedes, BMW, and Lexus. Within the top 15 this proportion increases to over one third, indicating a strong valuation in the KSA towards automotive brands.
BrandIndex scores are aggregates of 6 profile indicators designed to measure the health of brand equity. These indicators are General Impression, Quality, Value for Money, Corporate Reputation, Satisfaction, and likeliness to Recommend. A brand's level of exposure in the media, public eye, and word of mouth is rated through a separate indicator, labelled Buzz, which is excluded from the overall BrandIndex score due to its high volatility.
"BrandIndex's emergence in Saudi and the UAE marks a milestone for the region as a whole," says Nassim Ghrayeb, CEO of YouGov Mena. "It affords our clients a new dimension to the transparency of the health of their brand portfolio."
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Posted by Siba Sami Ammari
