Business Spectator
Edited by Sophie Vorrath
There’s nothing like a major global sporting event – like, say, the Summer Olympics – to reinvigorate the world of mass marketing.
While marketing was "a dirty word in China less than a generation ago", say Kevin Allison, Geoff Dyer and Patti Waldmeir in the Financial Times, "Beijing is using the Olympics to market itself as a superpower", as well as to shift its corporate image from "sweatshop to the world" to that of a high-quality, high-valued-added and high-technology hub.
"Never before has the market potential of the host country on its own been viewed as possibly worth the significant investment," says Julius Roberge, strategy director for Siegel+Gale New York, talking to MarketWatch.
The challenge, he adds, "is Herculean". And while success would send a strong new message, any missteps mean China "will not soon have such visibility to transform a lagging image."
