BMW is the 4th World’s Most Reputable Company

BMW is indeed one strong company. Need more proof? BMW now ranked fourth in the List of the World’s Most Reputable Companies. In many ways, this greatly summarizes the effort that BMW is exerting in various aspects of its business.

Press Release: Google and Sony share the top spot in a study of the world’s most reputable companies conducted by Reputation Institute. Disney, BMW, and Daimler round out the top five in a consumer survey that measured the reputations of 600 of the world’s most prominent companies. The study provides a first ever assessment of the global reputation landscape — the companies that are most liked, trusted, and respected by the general public across 24 countries. Data collection was powered by Survey Sampling International.

The study was conducted in two parts. In January 2010, Reputation Institute measured the reputations of the world’s 600 largest companies in their home countries. The highest rated companies in each of 32 countries were then selected as candidates for a second study that also rated the world’s most visible and valuable corporate brands provided they had above average home country reputations. The outcome of the second study was a final roster of 28 global companies that are well regarded at home but that have also successfully exported their reputations around the world.

“Technology has a powerful grip on the global rankings,” says Dr. Charles Fombrun, Chairman of Reputation Institute. “Companies like Google, Sony, Apple, Nokia, Intel, and Microsoft have earned our trust and respect because they are all-pervasive solution-providers that affect our daily lives. Disney’s global mind-share as an entertainment provider is remarkable, as is the admiration with which consumers hold auto-makers BMW and Daimler/Mercedes-Benz. They are power-houses of reputation-building around the world.”

Geographical Highlights

Reputation Institute examined how these companies were perceived across five regions: Asia, Central Europe, Central & South America, North America, and Northern Europe.

Top rated Sony and Google were consistently strong around the world, with Sony scoring among the top five in all regions and Google in four of the five regions. Google did not make it into Asia’s top five.

The rankings within regions are:

Asia: 1) The Walt Disney Company, 2) Daimler/Mercedes Benz, 3) BMW, 4) Sony, and 5) Singapore Airlines.
Central Europe: 1) Sony, 2) BMW, 3) Google, 4) Volkswagen, and 5) Daimler/Mercedes Benz.
Central & South America: 1) Nestle, 2) Sony, 3) Google, 4) BMW, and 5) Johnson & Johnson.
North America: 1) Johnson & Johnson, 2) Google, 3) Nestle, 4) The Walt Disney Company, and 5) Sony.
Northern Europe: 1) Google, 2) IKEA, 3) Sony, 4) The Walt Disney Company, and 5) Singapore Airlines.

Reputation, Can You Take it With You?

Most companies can expect to be more liked, trusted, admired and respected in their home countries than around the world. Of the 54 companies measured in the study, only five had a better reputation globally than they enjoy in their home markets: Apple, Ford, Google, Nestle, and Sony.

According to Kasper Nielsen, Managing Partner of Reputation Institute, “companies often ask us whether we think they can export their home-grown reputations to other countries. Based on this study, the answer is a qualified yes. Some have done it, but most have not fared as well abroad as they could. It clearly suggests that the same communication strategies used in one country will not always succeed in another. In our reputation analyses, we find that what matters most to consumers can vary widely from one country or region to another. But universally it pays off to build reputation. If you improve reputation by 5 points you improve recommendations by 6%. So companies must identify what people are expecting from them so they can identify areas to focus on in order to earn the support of consumers.”