Coca-Cola Takes Top Spot For 11th Consecutive Year in Interbrand's Ranking of 100 Most Valuable Global Brands.
LONDON, Sept. 15, 2010 -- London-based international marketing firm Interbrand announced Coca-Cola as the most valuable global brand for the 11th consequetive year in its annual ranking of the 100 most valuable brands in the world.
The announcement made today stated social media channels were of particular interest over the past year as a means forging deeper customer relationships, with the consequence that some organizations had internal brand culture difficulties while attempting to adpat to the real-time interaction facilitated by social media.
While the Coca-Cola brand is 124 years old, it has managed to stay relevant due in part because of its use of social media.
"Year after year, Coca-Cola demonstrates its
ability to adapt to whatever challenges the marketplace throws its way," the announcement stated, citing the Coca-Cola brand as central to its business operations. " This year,
for example, it [Coca-Coca] oriented business operations
around a new philosophy of 'consumer
engagement,' which yielded benefits such as a
more robust social media strategy, continued
development of owned media projects like its
World of Coca-Cola Museum, smart product
placements and ads that stir emotions."
A number of criteria were considered in forming the rankings. First, a strong brand had to meet 10 criteria: commitment, protection, clarity, responsiveness, authenticity, relevance, understanding, consistency, presence, and differentiation. Another factor was positive profitability, with at least 30% of its revenue coming from outside the home country to be considered truly global. Also important was a public profile and awareness above and beyond its own marketplace.
Brands that made the top 100 this year, while missing the cut last year, include: Sprite, 3M, Heinekin, Santander, Barclays, and Zurich among others. Falling from the top 100 were: Ferrari, Duracell, Rolex, BP, Prada, and Avon.