Consumers seek out branded products as a guarantee of quality or to make a lifestyle statement. An obvious example is the Apple iPad.
The 2010 Interbrand Best Global Brands survey valued the top global brands as being worth billions of US dollars: Coca Cola (US$70 billion), IBM (US$65 billion), Microsoft (US$60 billion), Google (US$44 billion), GE (US$43 billion) and McDonald’s (US$34 billion).
Interestingly, the Milward Brown Brandz 2011 report rates Apple as the most valuable brand in the world, showing that valuation methodology can differ. But whatever methodology is used, brands are of great value to business and are jealously guarded by companies.
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Wim Alberts is a professor at the University of Johannesburg and a special counsel to Edward Nathan Sonnenbergs

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