A Corporate Nation
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A Corporate Nation
HOW ICELAND HAS CHANGED ITS BRAND FROM WITHIN
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The brand connects
by Philip Linnemann
THE INNOVATION FUNCTION
n a world where climate change, economic disbecome the norm, companies and nations alike need to re-evaluate how to drive growth and stay relevant for its stakeholders. They must address and focus on what they are especially good at and maintain a proactive strategy for how that brings value to their individual markets. In this essay I will investigate a recent brand-driven innovation initiative, which includes two aspects: the internal and external brand, in which I have been involved in the latter. This part of the brand is developed by the Icelandic nation and the London based advertising agency The Brooklyn Brothers. The campaign is called Inspired by Iceland and comprises a rebranding case for the entire Icelandic nation aimed to change and improve its culpaeruptions.1 Here, I want to examine what means are used to implement such a comprehensive task, what has led to its success and how many trends of this as well. A visionary platform According to Erik Roscam Abbing (2010), branddriven innovation is the process that links the vision of a given organisation to its users and customers, at best, promoting sustainable and meaningful growth. A brand is not just a representation of the outside image of an organization, but is a platform that inspires and leads a process of change that creates sustainable value by connecting the internal organisation to the outside world and its marketing thus starts by being a process and ends by guiding the content. Internal brand After being exposed to the mistake of relying national economy on precarious international invest1
I presuppose that the receiver is familiar with both events.
THE INTERNAL ORGANISATION
THE BRAND
THE OUTSIDE WORLD
THE MARKETING FUNCTION
ments, Iceland has in many ways gone back to basics to start afresh. Acknowledging wrong doings en to become more reliable, responsible and trustworthy. The effort needed to be collective, internal and democratic before it could become external and marketed. They have focused on what they are already good at (renewable and natural resources and specialized companies), and then pushed that in new directions (EconomyWatch Content Team, 2010). In other words, Iceland has given itself a second Recently BP has tried, like Iceland, to reposition itself in the global marketplace. However, what they did wrong was to focus on the external facets before trying to change from within. BP might try to tell the world that they are good-doers now, but if faster than they can prepare for. Iceland, on the contrary, has emphasized change from within, starting with letting its portfolio of banks default in 2008. The collapse in the Icelandic currency ‘krona’ inevitably led to soaring prices on imported goods and services and left the country in necessity They acknowledged early on that they were all in it together. In many ways, Iceland’s economic downturn can thus be compared to BP’s oil disaster in the Mexican Gulf. Internal processes allowed failure