VICTORIA, May 16, 2017 /CNW/ - The Peter B. Gustavson School of Business at the University of Victoria has unveiled the third annual analysis of the brands most trusted by Canadians, highlighting how community engagement, relationship management and customer experience influence consumer trust.
The Gustavson Brand Trust Index was established to raise awareness of the role trust plays in the minds of consumers when making purchasing decisions, and measures the relationships between brand performance, social equity, trust and advocacy for brands in Canada. The initiative highlights Gustavson's goal of educating and championing responsible leadership, part of the vital impact that drives UVic's sense of purpose as a leading teaching and research hub.
"Trust plays a vital role in our community, economy and collective mindset as Canadians," says Saul Klein, dean of the Gustavson School of Business. "We have witnessed several breakdowns in trust over the past year, which we see reflected in our results. It is clear that trust can erode very rapidly but it takes a long time to build or to recover from mis-steps."
The annual Gustavson Brand Trust Index uses a statistically representative sample of 6,560 consumers to score 294 Canadian companies and brands. It measures the performance of brands and companies in 26 industry sectors on a range of brand value measures.
The survey results can be broken down by demographics to show how perceptions of trust and advocacy for particular brands differ between men and women, in different regions and across age and income groups.
Canada's Top 10 Most Trusted Brands for 2017 (Rank in 2016):
More information about the Gustavson Brand Trust Index is available at: http://www.uvic.ca/gustavson/brandtrust/index.php
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GUSTAVSON BRAND TRUST INDEX
BACKGROUNDER
The Gustavson Brand Trust Index (GBTI) measures Canadian consumers' opinions about 294 corporate and product brands across 26 categories.
The GBTI evaluates responses by 6,560 Canadian consumers to assess consumer levels of brand trust and what causes them to recommend a brand to their friends and family. The team behind the GBTI found that Canadian consumers closely link brand trust with consumer advocacy. The responses are indexed to provide rankings for the brands nationally, by category, gender, age, region and income.
Gustavson Brand Trust Model
The brand trust survey instrument measures different dimensions of trust that influence whether consumers recommend a brand to their networks:
Canada's Top 10 Most Trusted Brands for 2017 (Rank in 2016):
Insights from the 2017 Gustavson Brand Trust Index
Winners of Consumers Trust by Industry Sector
| Appliances |
Maytag |
| Automobile Rental |
Enterprise Rent-A-Car |
| Beer |
Alexander Keith's |
| Cars, Motorcycles & Parts |
Tesla Motors |
| Coffee/Tea |
Kicking Horse |
| Confectionery/Snack Foods |
Lindt/Lindor |
| Dairy |
Agropur |
| Delivery Services |
FedEx |
| Electronics & AV Equipment |
Apple |
| Financial Services |
Interac |
| Food & Drug Retailers |
Costco |
| Gas Stations |
ESSO |
| Hotels |
Fairmont Hotel & Resorts |
| Household Care |
Tide |
| Insurance |
Blue Cross |
| Media & Entertainment |
Cirque du Soleil |
| Packaged Foods |
President's Choice |
| Personal & Beauty Care |
Dove |
| Restaurants/Takeout |
Tim Hortons |
| Retailers (Other) |
MEC |
| Soft drinks/juices/waters |
Canada Dry |
| Sportswear |
Columbia Sportswear |
| Technology |
|
| Telecoms/Cable |
TELUS |
| Transportation |
WestJet |
| Travel |
CAA |
The Gustavson Brand Trust Index team leaders
Dr. Saul Klein, Dean and Lansdowne Professor of International Business, Gustavson School of Business
Dr. Saul Klein has had a broad-ranging career spanning developing, developed and transition countries. He specializes in the areas of marketing strategy, global business and international marketing. His research focuses on the global competitiveness of emerging market firms and he has provided consulting assistance to over 50 different organizations in these areas in Canada, the USA, Singapore and South Africa. He has also led strategic planning workshops for a variety of organization in different sectors. Klein serves on the boards of the National Consortium for Indigenous Economic Development (Canada), the Mediterranean Entrepreneurship Development and Innovation (Tunisia) and on the International Advisory Committees of UIBE and Beijing Jiaotong Universities (China).
Dr. David Dunne, Professor, International Marketing and Service Innovation, Gustavson School of Business
Dr. David Dunne joined the Gustavson School of Business in 2014. His research explores how designers apply in-depth user research and creative thinking methods to "wicked problems," critical, chronic problems in society and business with no clear start or end point, such as problems in the health care system. His research has been published in business and design journals, including Harvard Business Review and Academy of Management Learning & Education. He has held appointments at design schools in the Netherlands, the US and Mexico. Dunne teaches design, strategy and marketing to students and executives worldwide. His recent executive teaching/consulting clients include AstraZeneca, Corus Entertainment, GlaxoSmithKline, Mt Sinai Hospital and Ontario Local Health Integration Networks.
Dr. Linda Shi, Associate Professor, Gustavson School of Business
Dr. Linda Shi teaches marketing and international business. Her research interests include global marketing strategy, China marketing, customer relationship management, global account management, service recovery and customer satisfaction. Shi has published her research in numerous scholarly journals including: Journal of International Business Studies, Management International Review, Journal of International Marketing, and Journal of Business and Industrial Marketing, among others. Shi previously worked for Proctor & Gamble's China headquarters and was responsible for several key projects regarding inventory reduction, supplier and customer management, and cost accounting process optimization.
About The Peter B. Gustavson School of Business
The Peter B. Gustavson School of Business at the University of Victoria is dedicated to providing a non-traditional business education and a dynamic learning environment that develops principled managers and leaders who can drive innovation and social change. Located in Victoria, BC at the University of Victoria, Gustavson is among the fewer than one per cent of the world's business schools that hold both AACSB (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System) accreditation. The Gustavson School of Business offers BCom, MBA, MGB and PhD programs, has 95 international exchange partners, and celebrated its 25th birthday in 2015. For more information, visit: www.uvic.ca/gustavson.
For more information on the Gustavson Brand Trust Index, see: http://www.uvic.ca/gustavson/brandtrust/index.php
SOURCE University of Victoria
Media contacts: Saul Klein (Dean, Gustavson) at 250-721-6422 or [email protected]; Krista Boehnert (Communications, Gustavson) at 250-721-6630, 250-415-5093 (cell) or [email protected]; Brian Cant (Tartan Group) at 250-888-8729 or [email protected]
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