The Power of the Olympic Brand
When it comes to brand awareness, the Olympics must be one of the most successful brands of all time. Perhaps we're drawn to the Olympics out of national pride triggered when we listen to our National Anthem during metal ceremonies, or maybe it's the memories we have of watching the Summer Olympics on our summer breaks as children that draws us to the games. Regardless of why we watch, the fact is that over half of the countries entire population does just that. Somehow the 5 rings are stuck in our minds, somehow the Olympic brand remains powerful for most of our nation.
In an article aptly titled, More Than Half of All U.S. Adults Will Be Watching The Olympics, from the Center for Media Research, Scarborough Sports Marketing claims that over 128 million US fans were expected to watch the Olympics Opening Ceremony on August 8. while 67% of those polled expressed having at least some interest in the athletic events. The Summer Olympics rank up there is popularity with the NFL (National Football League, but clearly, you already knew that), and the Winter Olympics - neither of which has the distinction of taking place during the summer months when there are tons of other activities to compete for their attention.
According to a Harvard Business Publishing article by Stephen Greyser, The Three Levels of Branding at Beijing, the Beijing Olympics are being dubbed the, "the branded Olympics," and are comprised of 3 separate levels of branding: that of the Olympic Sponsors, that of the Olympic Brand itself, and that of China. Each level has its own commercial pull and recognizability, and each level of branding can draw upon the strength of the other 2 levels in order to exponentially increase the overall Olympic brand.
Olympic Sponsors are even given a leg-up in getting their messages across, as the Chinese government has restricted some of the ad space in Beijing to those officially sponsoring the games according to the New York Times article, Olympic Sponsors to Benefit Under a Tougher Stance in China.
Obviously, not all of our attraction to the Olympics is organic - the fact that Olympic Sponsors, the International Olympic Committee (IOC), and the host country itself are all working so hard to develop the Olympic brand, and associate themselves with it suggests that we're watching in part because the rings are branded in our minds, and in part because we're being told to do so from all directions. According to the BrandCurve article, Can the 2008 Summer Olympics Break the Summer Slump?, advertisers are pumping all kinds of money into promoting the games, and NBC (the US television host of the Beijing Olympics) is counting on people to pick up the message and run (to their television sets) with it. Another BrandCurve article, The Olympics - Branding on a Global Stage, discusses how host countries have come to embody the entirety of the Olympic spirit, and how they use the opportunity to showcase and brand their country, culture, art, history and people.
With so much riding on the Summer Olympics - for the host country, the IOC, the Olympic Sponsors, and of course the Olympians (and their families, friends and training partners), I feel like I'd better finish this post up and go tune into the games myself. After all, you wouldn't want all of that branding to go to waste now would you!
Beijing Official Logo: Credit: BOCOG