2014 City RepTrak The World s Most Reputable Cities
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1 2014 City RepTrak The World s Most Reputable Cities The World s View on Cities: An Online Study of the Reputation of 100 Cities RepTrak is a registered trademark of Reputation Institute Reputation Institute, all rights reserved. Copyright 2014 Reputation Institute. All rights reserved. 1
2 About Reputation Institute Advice Group Intelligence Group Metrics & Insights Strategy & Positioning Alignment & Implementation Reputational Risk Publications Conferences Training Global Value Proposition We enable leaders to make business decisions that build and protect reputational capital and drive competitive advantage. Copyright Reputation Copyright 2014 ReputationInstitute. Institute.All Allrights rightsreserved. reserved. 2 2
3 1. The Importance of City Reputation Copyright 2014 Reputation Institute. All rights reserved. 3
4 Places are competing for Attention Nations Regions Cities Copyright Copyright 2014 Reputation Institute. All rights reserved. 4 4
5 Why is Place Reputation important? As in the case of companies, countries and cities also have their own reputation which has an impact their performance. Places with a good reputation welcome more tourists Places with a good reputation increase exports Places with a good reputation improve their public diplomacy Places with a good reputation attract FDI Places with a good reputation attract foreign knowledge & talent Copyright 2014 Reputation Institute. All rights reserved. 5
6 The Reputation Economy applied to Place Reputation Direct Experiences City s Actions & Communications Perceptions Supportive Behaviors Value Creation 3rd-party Influences Stereotypes Copyright 2014 Reputation Institute. All rights reserved. 6
7 2. City RepTrak Methodology Copyright 2014 Reputation Institute. All rights reserved. 7
8 The Key Indicator of Reputation Reputation Institute has been measuring reputations rigorously since Our approach is based on a simplified and standardized model for measuring reputations internationally. The City RepTrak Pulse, the beating heart of the model, is the degree to which people trust, admire, respect and have a good feeling for a place, or their emotional bond to the city. Copyright 2014 Reputation Institute. All rights reserved. 8
9 City RepTrak Model: from Emotional to Rational Underlying the Pulse score are three dimensions that influence perceptions of a city and its reputation, or the rational bond between stakeholder and city. It is the importance of these 3 dimensions which drive city reputation and stakeholder support, and they include Advanced Economy, Appealing Environment and Effective Government. Emotional Reputation Rational Reputation Copyright 2014 Reputation Institute. All rights reserved. 9
10 City RepTrak Model: City Reputation Attributes City RepTrak is a standardized scorecard that measures perceptions of cities based on key performance indicators designed to assess the relative appeal of the city to respondents on 13 characteristics organized into 3 dimensions. Advanced Economy Produces many unique and well-respected products and services Is the headquarters location of many leading companies Is technologically advanced Is financially stable and has great potential for future growth Offers a favorable environment for doing business Appealing Environment Is a beautiful city Offers a wide range of appealing experiences, including food, sport, architecture, and entertainment Is home to many well-known artists, scientists, inventors, writers, athletes, and politicians Effective Government Offers a safe environment for visitors and residents Has a well-developed structure of political and legal institutions Follows progressive social, economic, and environmental policies Has an adequate infrastructure of transportation, communications, and public institutions Is run by well-respected leaders Copyright 2014 Reputation Institute. All rights reserved. 10
11 City RepTrak Model: Reputation & Value Creation Having a strong reputation improves support. An increasingly globalized world with intensified competition makes city reputations matter more than ever. Attracting FDI, tourists, highly-skilled workers and being able to sell the products of the city abroad are facilitated by having a strong city reputation. This model shows the correlation between supportive behaviors and external reputation overall for I would recommend visiting the city I would recommend living in the city I would recommend working in the city I would recommend investing in the city I would recommend buying products/services originating from the city Copyright 2014 Reputation Institute. All rights reserved. 11
12 Analysis of Economic Implications: the Reputation Economy Direct Experiences Perceptions Supportive Behaviors Value Creation Country Actions & Communications 3rd-party Influence Stereotypes 12
13 About the Study
14 2014 City RepTrak Study Overview Stakeholder Group (Target): G8 general public (only people who were somewhat or very familiar). City Selection: Largest populations Largest gross domestic products or GDP Cities which enjoy the highest amount of tourism Data Collection Method : CAWI (online interviews). Data Collection Period: From January to February Sample: Over consumers from G8 countries rating the100 cities included in the study. 14
15 2014 City RepTrak Results
16 The Most Reputable City in 2014 is VIENNA 16
17 2014 City RepTrak Top Vienna Munich Sydney Florence Venice Oslo Vancouver London Barcelona Montreal Scoring scale: All score differences > 2.5 are significant at 95% confidence interval 76,4 76,2 75,5 75,3 75,2 74,9 74,8 74,6 73,7 73,1 17
18 City RepTrak in recent years Top Vienna Munich Sydney Florence Venice Oslo Vancouver London Barcelona Montreal Sydney Vancouver London Toronto Vienna Geneva Stockholm Vienna Sydney Copenhagen Sydney Vienna Venice Oslo Venice Florence Edinburgh Barcelona Florence Rome Barcelona Zurich Venice Oslo London Stockholm Florence Copenhagen Melbourne Vancouver 18
19 Key Factors in Reputation: Dimension Weights 26.9% 27.1% 37.6% 37.7% 35.3% Adj R 2 = n = % Weights
20 Key Factors in Reputation: Importance of attributes Appealing Environment 37.6% Beautiful City Appealing Experiences Well-Known Personalities 11,8 8,8 7,7 Effective Government 35.3% Safety Social, Economic & Environmental Policies Well-Respected Leaders Well-Developed Political & Legal Institutions Adequate Transport, Communications & Infrastructure 10,3 8,3 8,0 7,1 6,5 Advanced Economy 27,1% Well-Respected Products & Services Financially Stable & Future Growth Business Environment Technology Headquarters of Leading Companies 6,9 6,9 6,6 5,7 5,4 Adj R 2 = n =
21 Cities with a Strong Reputation (70-80 points) 1-31 Vienna Munich Sydney Florence Venice Oslo Vancouver London Barcelona Montreal Copenhagen Helsinki Brussels Amsterdam Paris Perth Brisbane Geneva Edinburgh Zurich Melbourne Stockholm Rome Frankfurt New York Toronto Dublin SeaKle Berlin Osaka San Francisco Scoring scale: All score differences > 2.5 are significant at 95% confidence interval
22 Cities with a Moderate Reputation (60-70 points) Madrid Tokyo Prague Milan Adelaide Auckland Lyon New Orleans Orlando Los Angeles Boston Lisbon Miami Washington DC Taipei Singapore Warsaw Dubai Atlanta Abu Dhabi Budapest Chicago Las Vegas Houston Hong Kong Scoring scale: Monterrey All score differences > 2.5 are significant at 95% confidence interval
23 Cities with a Weak Reputation (40-60) Cancún St.Petersburg Rio de Janeiro Athens Mecca Montevideo Jerusalem Hanoi Kuala Lumpur Buenos Aires Bucharest San Juan Santo Domingo Cape Town Lima Sao Paulo Bangkok Istanbul Johannesburg Seoul Macau SanRago Shanghai Beijing Guangzhou Manila Port- au- Prince Tel Aviv Nairobi Kolkata/CalcuKa Ryad Jakarta Kiev Caracas Mumbai New Delhi Moscow Mexico City Karachi Cairo Bogota Scoring scale: All score differences > 2.5 are significant at 95% confidence interval Cities with a Poor Reputation (0-40 points) Tehran Baghdad
24 Positive Evolution of City RepTrak in the last year Taipei 11.6% Mecca 12.8% Hanoi 12.3% Nairobi 13.0% Brisbane 9.8% Evolution
25 Negative Evolution of City RepTrak in the last year Toronto 8,6% Kiev 14,6% Houston 8,8% New Delhi 8,7% Bogota 16.3% Mumbai 8,6% Santiago 9.6% Evolution
26 Value Creation: Reputation & Support Visit 0.73 Invest 0.72 Live 0.76 Work 0.75 Buy 0.76 Attend/organize events
27 Supportive Behaviors towards Cities Top 10 Visit Invest Florence Paris Venice Vienna Barcelona Rome London Amsterdam Sydney Munich Munich Zurich Tokyo Frankfurt Osaka New York Sydney Brussels Melbourne Vancouver Live Munich Sydney Vancouver Vienna Melbourne Amsterdam Montreal Stockholm San Francisco Perth
28 Supportive Behaviors towards Cities Top 10 Work Buy Munich Sydney Zurich London Vancouver Melbourne New York Toronto Amsterdam Vienna Munich Tokyo London Florence Paris Brussels Copenhagen Sydney Vienna Amsterdam Attend/organize events Munich Florence New York Sydney Vienna Los Angeles Milan Zurich Melbourne Amsterdam
29 A Better Reputation Leads to Stronger Support The good reputation of a city strongly correlates with an increase in the supportive behaviors shown towards the city, such as visiting the city, living or working in the city, or deciding to invest in the city. 80 Vienna Intention to Visit Tehran Cairo Baghdad City RepTrak 29
30 Thank you Download The 2014 City RepTrak Report Go to our website to download Questions or Comments Please post your questions or comments and continue the discussion City specific results: With our local offices - please visit our website: Australia Argentina Belgium Brazil Canada Chile China Colombia Croatia Denmark Ecuador Finland France Germany Greece India Ireland Italy Japan Malaysia Mexico Netherlands Norway Panama Peru Portugal Puerto Rico Russia South Africa Spain Sweden Switzerland Turkey UAE United Kingdom United States Ukraine 30
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