The
barely 10-year-old Google is the world's most powerful brand, followed
by General Electric and Microsoft, according to a survey conducted by
Millward Brown's BrandZ index. The survey assigned values to various
brands based on their financial strength and consumer sentiment.
1. Google
A sign outside of the Google headquarters in Mountain View , California
Google,
with a brand value of $66.434 billion, is the world's most powerful
brand. The global search engine giant was started as a research project
in January 1996 by Larry Page and Sergey Brin, two Ph.D students at
Stanford University , California . Google Inc was incorporated on
September 7, 1998, at a friend's garage in Menlo Park , California . The
company, known for its innovations and stupendous growth rate, went
public on August 19, 2004. Page and Brin's search engine was originally
called BackRub. The name 'Google' originated from 'googol,' which refers
to the number represented by a 1 followed by one-hundred zeros. Eric E.
Schmidt is the CEO of Google, while co-founder Sergey Brin and Larry
page are Technology President and Products President, respectively. The
company is listed on the Nasdaq stock exchange under the symbol GOOG.
'Google' is now a verb, having found its way into the dictionary. It
means 'to use the Google search engine to obtain information on the
Internet.'
2. GE
General Electric chairman Jeffrey R Immelt.
General
Electric's brand value has been estimated at $61.880 billion, making it
the world's second most powerful brand. GE is a giant US multinational,
with headquarters in Fairfield , Connecticut , engaged in technology
and services industries. It is the world's second largest company in
terms of market capitalisation. The famous inventor Thomas Alva Edison
opened a new laboratory in Menlo Park , New Jersey in 1876, where the
incandescent electric lamp was invented. By 1890, Edison formed the
Edison General Electric Company. In 1879, Elihu Thomson and Edwin J.
Houston formed the Thomson-Houston Electric Company to rival Edison 's
firm. However, in 1892, both the companies merged to give birth to the
General Electric Company. GE slowly began to diversify its operations.
Today its businesses span information technology, financial services,
industrial technology, aviation, healthcare, oil and gas, films and
entertainment, theme parks, locomotives, insurance, etc. In India , too,
GE's enjoys widespread presence. Jeffrey Immelt is GE's chairman &
CEO; while Keith Sherin is the CFO, and Robert Wright is GE vice
chairman.
3. Microsoft
The Microsoft logo at the company's office in Herndon , Virginia.
Microsoft
Corporation is the world's largest software company, with global annual
revenue of over $44.28 billion. With a brand value of $54.951 billion,
it also is the planet's third most powerful brand. Bill Gates, the
world's richest man, is the executive chairman of the software giant
which he co-founded along with Paul Allen in 1975. On June 25, 1981, the
company was incorporated. On August 12, 1981, IBM introduced its
personal computer with Microsoft's 16-bit operating system, MS-DOS 1.0.
On Feb 26, 1986, Microsoft moved to corporate campus in Redmond ,
Washington , and on March 13, 1986, Microsoft stock went public. On May
22, 1990, Microsoft launched Windows 3.0. On November 20, 1985,
Microsoft released its first retail version of Microsoft Windows,
originally a graphical extension for its MS-DOS operating system. Gates
is equally admired for his insight and criticised for his business
tactics. Steve Ballmer is the company's CEO, while Ray Ozzie is chief
software architect. Microsoft employs 76,000 people across 102
countries.
4. Coca-Cola
The outside of Coca-Cola headquarters in Atlanta , Georgia .
Coca-Cola's
brand value has been estimated at $44.134 billion, making it the
world's foruth most powerful brand. Coca-Cola, a carbonated soft drink,
was intended as a patent medicine when it was invented in 1885 by Dr.
John Stith Pemberton in Covington , Georgia . It was then called
Pemberton's French Wine Coca. Pemberton's partner and bookkeeper, Frank M
Robinson, suggested the name and penned the now famous trademark
'Coca-Cola' in his unique script. Coca-Cola was bought over by
businessman Asa Griggs Candler in 1887 and incorporated it as the Coca
Cola Company in 1892. Griggs made the brand a force to reckon with
through his marketing strategies. Coca-Cola was sold in bottles for the
first time on March 12, 1894. In 1919, a group of investors headed by
Ernest Woodruff and W C Bradley purchased The Coca-Cola Company for $25
million. Coca-Cola is also the world's best known brand. E Neville
Isdell is the company's chairman and chief executive officer.
5. China Mobile
Two men walk past a logo of China Mobile in Chengdu , in China 's southwestern province of Sichuan.
China
Mobile is the world's 5th most powerful brand with a value of $41.214
billion. China Mobile Communications Corporation, also known as China
Mobile or CMCC, is China 's largest mobile phone operator. It is the
world's largest mobile phone operator ranked by number of subscribers,
with over 296 million customers. By turnover it is second to Vodafone,
which owns 3.3% of the China Mobile. A state-owned enterprise, it was
spun off from former monopoly China Telecom in 2000, and now has a 65%
share of the highly competitive Chinese mobile market. China Mobile is
the largest company registered in Hong Kong . Wang Jianzhou is the
telecom major's chairman and CEO.
6. Marlboro
Altria CEO & chairman is Louis Camilleri.
Marlboro's
brand value has been estimated at $39.166 billion, making it the 6th
most powerful brand. Marlboro, made by Altria, is the world's best
selling cig@rette brand. It is famous for its billboard advertisements
and magazine ads of the Marlboro Man. Philip Morris, a London-based
cig@rette manufacturer, created a New York subsidiary in 1902 to sell
several of its cig@rette brands, including Marlboro.
Marlboro
then suddenly faltered badly in the market till the 1950s, when it made
a rollicking comeback following the introduction of a new cowboy image
for the brand. Sales skyrocketed by 5,000%. Marlboro with a filtered tip
was launched in 1955. The brand is named after Great Marlborough Street
, the location of its original London factory. Richmond , Virginia , is
now the location of the largest Marlboro cig@rette manufacturing plant.
7. Wal-Mart
A customer leaving a Wal-Mart store in Clinton , Maryland .
The world's 7th most powerful brand,
Wal-Mart, is estimated to be worth $36.880 billion. Wal-Mart Stores is
an American public corporation and the world's largest retailer. It is
the largest private employer, the largest grocery retailer, and the
largest toy seller in the United States . It was founded by Sam Walton,
who opened his first Wal-Mart discount store in Rogers , Arkansas , in
1962. The company was incorporated on October 31, 1969, and listed on
the New York Stock Exchange in 1972. Sam Walton died on April 5, 1992 at
the age of 74. His widow Helen R Walton, daughter Alice L Walton, and
sons Jim C Walton, John T Walton and S Robson Walton, each with a
personal wealth of $20.5 billion, have all been ranked among the richest
Americans by Forbes. H Lee Scott is Wal-Mart CEO, while S Robson
Walton, is the retail giant's chairman.
8. Citi
Charles Prince is the company's chairman & CEO.
Citi
is the world's 8th most powerful brand with an estimated value of
$33.706 billion. Citigroup Inc was formed following the $140 billion
merger of Citicorp and Travelers Group on April 7, 1998 to create the
world's largest financial services organisation. The company employs
almost 300,000 people around the world. Travelers was founded in 1864 in
Hartford , Connecticut . It dealt in insurance and is noted for many
industry firsts: the first automobile policy, the first commercial
airline policy, and the first policy for space travel. In the 1990s, it
went through a series of mergers and acquisitions. It was bought by
Primerica in 1993, but the resulting company retained the Travelers
name. In 1995, it became The Travelers Group. It bought Aetna 's
property and casualty business in 1996. Citicorp was the descendant of
First National City Bank, founded in New York City . It was one of the
oldest banks in the United States (founded in 1812), and had the largest
international branch presence of any United States headquartered bank.
In the 1960s and 1970s, chairman Walter Wriston led the bank into
sovereign debt and loan syndication. It was Writsen who led the
technology of ATM cards before the the banks. He also spearheaded the
name change to Citibank in the late 1970s. Charles Prince, chief
executive and chairman of Citigroup, during an unveiling ceremony for
the group's new logo in Seoul
9. IBM
The IBM logo in front of the company's headquarters in Seoul , South Korea .
International
Business Machines Corporation, also called IBM or 'Big Blue', is a
multinational computer technology corporation headquartered in Armonk ,
New York , USA . Till 2006 it was the world's largest computer company,
but has now ceded the top spot to Hewlett-Packard. With over 350,000
employees worldwide, IBM is the largest information technology employer
in the world. The company which became IBM was founded in 1888 as Herman
Hollerith and the Tabulating Machine Company. It was incorporated as
Computing Tabulating Recording Corporation (CTR) on June 15, 1911, and
was listed on the New York Stock Exchange in 1916. IBM adopted its
current name in 1924, where it became a Fortune 500 company. Samuel J
Palmisano is IBM chairman & CEO.
10. Toyota
The corporate logo of the Toyota car company at the annual motor show in Paris .
Toyota
with an estimated brand value of $33.427 billion is the 10th most
powerful brand in the world. Toyota Motor Corporation is a Japanese
multinational corporation and the world's largest auto company that
manufactures automobiles, trucks, buses, and robots. The headquarters of
Toyota are located in Toyota , Aichi , Japan . It is the world's eighth
largest company by revenue of $179 billion as of 2006.
The
company was founded in 1937 by Kiichiro Toyoda as a spinoff from his
father's company Toyota Industries to create automobiles. It created,
first as a department of Toyota Industries, its first product Type A
engine in 1934 and its first passenger car in 1936. Toyota Motor Co. was
established as an independent company in 1937. Although the founding
family name is Toyoda, the company name was changed in order to signify
the separation of the founders' work life from home life, to simplify
the pronunciation, and to give the company a happy beginning. Toyota is
considered luckier than Toyoda in Japan . Katsuaki Watanabe is Toyota 's
president and CEO, while Fujio Cho is chairman. Shoichiro Toyoda is the
company's honorary chairman; Hiroshi Okuda is senior advisor; and
Katsuhiro Nakagawa is vice chairman.
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