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STEPHEN A. GREYSER
is the Richard P. Chapman Professor of Business Administration (Marketing/Communications) Emeritus at Harvard
Business School, where he specialises in brand marketing, advertising/corporate communications. He is a former
Editorial Board Secretary and Board Chairman of the Harvard Business Review. For eight years he was also Executive
Director of the Marketing Science Institute. He is responsible for many books and articles, and over 300 published
case studies.
MATS URDE
is an Assistant Professor and Head of the Brand Management Research Programme at Lund University, Sweden. As a
strategic brand advisor he has worked with Ericsson, Scandinavian Airlines, Copenhagen Stock Exchange, Volvo, and
The Swedish National Symphony Orchestra. His papers have appeared in the European Journal of Marketing and the
Journal of Marketing Management. He is the author of Brand Orientation (1997).
Keywords Abstract
monarchies; corporate This paper explores monarchies through a corporate branding lens. It is based on extensive field
brands; corporate interviewing of individuals with knowledge and experience in what we (not they) term ‘managing
brand management; the Monarchy as a brand’, including senior members of the Swedish Royal Court and the Swedish
King of Sweden; Royal Royal Family. It also draws from literature regarding monarchies across a range of disciplines
Family of Sweden;The beyond management; we found no previous brand-related literature on the topic. Our conclusion is
Crown; heritage brands that the monarchy, as an institution, is very much like a corporate brand, including amenability to
being managed in a manner analogous to that for a corporate brand, especially one with a
heritage.
Journal of Brand Management (2006) 14, 137–161. doi:10.1057/palgrave.bm.2550031
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www.palgrave-journals.com/bm
BALMER, GREYSER AND URDE
is invested with the Midas touch and this loyalty (favourability from its citizens) is
explains why corporate brands enthral approximately 70 per cent, and has been
companies and customers alike. In a world at a high level for some considerable
saturated with products and messages, time.4 It has avoided many of the
brands represent an important naviga- vicissitudes that have beset other monar-
tional tool for stakeholders.2 This is partic- chies in recent years. It is a brand that
ularly the case in crowded categories was not engulfed in the wave of ‘institu-
where the cacophony of communication tional regicide’ that swept away most
means that corporate (and product/ European monarchies in the aftermath of
service) messages are often unheard. As World War I. It is a brand that has accom-
such, corporate brands give voice to an modated and embraced change. It is a
organisation’s key values and enable the brand that still adds value and gives
organisation behind the brand to cut meaning to its key constituencies — an
through the communications hubbub that element that is for us a core tenet of
characterises much of today’s corporate branding. And it is a brand with consider-
world. able financial value in terms of benefits to
Longevity is sometimes cited as a key the country’s businesses, tourism and
attribute of corporate brands. Consider general public.
global brands such as Coca-Cola, Ford,
Reuters and Nokia. These are corporate
brands that have held strong positions in THE STUDY
their markets for decades. Some corporate Our study of the Crown as a brand began
brands have older pedigrees, of course, in 2000 when one of us (Mats Urde)
such as the Wells Fargo and Hudson Bay participated in a televised discussion in
companies in North America. In Europe, Sweden on the economic value of
Rothschild’s (bankers), Stora Kopparberg monarchy. Following this discussion we, as
(mining) and Cadbury (chocolates) an international trio of researchers with
provide other examples. intellectual interests in corporate branding,
These corporate brands, however, are took the initiative to pursue the topic of
relative adolescents in another realm of the Crown as a brand.We decided to focus
brands, when one considers an institu- upon (but not restrict ourselves to) the
tional group that appears to have Western European constitutional monar-
strong corporate brand characteristics chies. We were granted access to the
— namely monarchies. Some monarchies Swedish Royal Court and interviewed
have existed for over one thousand years, senior members of the Court and the
such as the Japanese and Swedish Crowns. Royal Family. We also conducted inter-
They are not corporations, but in our views with others whose knowledge and
view they are brand-like institutions in experience informed our perspectives on
many ways. monarchies and how they are managed.
As a case in point, the Swedish Crown We also undertook considerable research
has, by any branding measure, impeccable in the literature regarding monarchies
credentials. An opinion poll conducted in from a range of disciplines beyond
the early years of the reign of the current management. It soon became apparent to
sovereign showed that the King at the us that examining the Crown through the
time enjoyed more public confidence lens of corporate branding had the poten-
than any elected politician.3 Its brand tial to offer meaningful insights for
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THE CROWN AS A CORPORATE BRAND
We view our initiative as one with It is our view, and it is the premise of this
prospective benefits for monarchies them- paper, that the Crown is indeed a brand
selves and also for the corporate branding — with many characteristics of a corpo-
field.We think that ideas derived from our rate brand, including amenability to being
research, consulting and teaching experi- managed in a manner analogous to that
ences in the corporate branding field can for a corporate brand.
provide perspectives to those who engage Consider the following:
in activities akin to managing brands in
the service of monarchies. These particu- — In the UK, members of the Royal
larly pertain to understanding the nature, Family have referred to it as ‘the firm’.
management and maintenance of corpo- In Sweden, the King told us: ‘My role
rate brands. (We recognise monarchies is to represent Sweden and to be a
differ from one another, institutionally symbol for my country; some people
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BALMER, GREYSER AND URDE
would use the modern word “trade- evolved over time in terms of rela-
mark”’. Typically, there is massive tionships with the nation and the
(albeit not unanimous) affinity of its people?
home populace to the Crown: adher- — What are the essential attributes of
ents far outnumber opponents. (By the Crown as a brand — what we
analogy, this parallels to some degree term the ‘royal 5Rs’?
studies among brand users regarding — What are the core values and the
‘brand support’.) brand promise of a monarchy, its
— The Crown serves as a symbol covenant with its people?
of stability, impacting domestic society — What roles can communications play
and helping to provide a positive in supporting/defending the Crown?
environment for foreign investments. — How are concepts from branding
— The Crown engenders meaningful, employed to build and protect the
sometimes significant, economic Crown?
value derived from tourism (eg palace — How does and should a monarchy
visits, past and present royal venues, judge ‘How are we doing?’
etc.). — What can threaten a monarchy as a
— The Crown generates revenue for its brand?
broad range of endorsed products/ — What conclusions emerge from the
services (‘By appointment of …’), and above regarding understanding and
through the visibility and status of managing monarchies as brands?
‘royal’ designated entities.
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THE CROWN AS A CORPORATE BRAND
prestige they associate with their product in the form of visual and verbal endorse-
line, underscored by a crown as a part of ments to individuals as well as to organi-
its logo. sations. Prominent among these is the
The Crown is a corporate brand in that granting of a Royal Warrant — the use
although an individual monarch personi- of the Royal Coat of Arms with
fies the Crown, in reality there are likely the phrase ‘by appointment’. As well as
to be numerous individuals who are the visual endorsements, there is also the
involved in the management, and support, verbal form with the use of the prefix
of the Crown. Indeed, typically several Royal, for example, the Royal Philhar-
close family members work to fulfill the monic Orchestra, the Royal Society for
Crown’s tasks. Moreover, the Crown does the Prevention of Cruelty to Animals,
not fall into abeyance when an individual KLM-Royal Dutch Airlines, Royal Danish
monarch dies: the institution of the Yacht Club, and the granting of Royal
monarchy continues. In this regard, it is Charters to organisations such as the BBC
not dissimilar to a company. Another simi- and to Universities. In an individual
larity to a corporate entity is that the capacity a person may be admitted as a
Crown has to meet the demands of Knight or Dame to a Royal Order of
multiple stakeholder groups. Chivalry, might hold the office of Astron-
While individual monarchs may be omer Royal, or for a British academic be
‘personality’ brands in their own right appointed as Regius Professor at one of
(Queen Elizabeth II is without doubt a the ancient seats of learning. Some events
global celebrity brand as was the late Pope are given the royal imprimatur (endorse-
John Paul II), the monarchy is an institu- ment) such as Royal Ascot (horseracing
tional (ie like a corporate) brand. Further, meeting) or Henley Royal Regatta.
it would appear that many people are able The Crown also has a clear, although
to articulate what is expected of different sometimes indirect, financial value to lay
monarchies, for example, the Spanish organisations. For instance, the use of
Crown as compared to the British Crown. royalty as front-cover news stories for
In short, the historical and cultural some magazines increases circulation. The
contexts of different monarchies generate implied ‘endorsement’ of the Swedish
different sets of public expectations about internal railway by the Royal Family’s
them. intentional use of it on an official trip
Just as most corporate (and many helped to strengthen its viability.
product/service) brands have a strap line One significant difference between the
(tag line), which articulates the core of its Crown and corporate brands is that the
branding covenant (eg BP: ‘beyond petro- monarch is typically an incumbent for life
leum;’ GE: ‘imagination at work’; Nokia: (usually with a clearly identified successor),
‘connecting people’), monarchs have whereas corporate CEOs change from
mottos, which often articulate the ‘promise’ time to time. Barring war, revolution and
inherent in the royal brand. The late Pope recognised mental incompetence, a
John Paul II’s motto was Totus Tuus (All monarch can be on the throne for decades.
Yours), while King Carl XVI Gustaf of This fact in turn is a reminder that despite
Sweden’s motto is ‘For Sweden — With length of service, ‘a monarch is not the
the times’. monarchy’. The latter may endure for
The Crown, as with so many other centuries as an institution in a given
brands, de facto ‘rents’ some of its prestige country. The institutional character of the
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THE CROWN AS A CORPORATE BRAND
powers are typically defined by the consti- — Motto of Emperor Frederick III).
tution through the people’s elected Parlia- During succeeding Centuries, Parlia-
ments.The tradition of the highest Church ments gradually emerged as repre-
official placing the actual crown on the sentatives of the subjects.
head of the monarch is no longer followed (c) Symbolic: After World War I, most
in most European monarchies. It, however, surviving western monarchies gradu-
remains a key component of the British ally gave up many of their powers,
coronation ceremony. In this way, the within defined constitutional rights.
Church is lending its own legitimacy and As such, monarchies became symbols
prestige to the monarch and monarchy. The of state and nation (and culture). Just
wearing of the Crown itself is no longer as the theocratic crown had been
practiced by most European monarchs, replaced with the dynastic crown, the
although it is worn at the annual UK State latter gave way to the symbolic crown.
Opening of Parliament. Today, one would This development accommodated the
see the image of the Crown on a royal idea that sovereignty resided with the
carriages, uniforms, coins etc. Thus the people; as such, this heralded a new
symbol of the Crown remains widely used. evolutionary stage for monarchy, ‘the
Let us describe each stage: constitutional monarchy’.Thus, in this
stage the Crown remains in the centre
(a) Divine: In the Western tradition, by permission of the people through
dynastic monarchies were legitimised their elected parliament and usually
by the Catholic Church, as symbol- reflected directly in a constitution.
ised by the cross on the apex of the
crown. Individual monarchs regarded These constitutions are democratic and
themselves as having absolute power. recognise the sovereignty of the people.
Reflecting the religious basis of royal As such, the monarch reigns but does not
rule, the high point of the coronation rule.6 By this means such nations not only
service was the consecration of the define the monarchy but, more signifi-
monarch to God’s service and cantly, define the nations themselves as
the anointment with Holy Oils Nations. This explains why the Crown is
(chrism). The motto of British at the centre: it is the existence of the
Monarchs, ‘Dieu et Mon Droit’ (‘God Crown that enables a country to call itself
and My Right’), encapsulates the a Kingdom/monarchy and to have a status
spirit of the above. that republics do not have, and can never
(b) Dynastic: With the passage of time the have — being Royal. (Of course, republics
temporal rather than the spiritual have chosen not to have it.)
rights of the monarch began to be Across the three stages the relative
asserted by the 15th century. As such, importance of different institutions has
the individual power of the monarch changed. Particularly strengthened has
(and of the dynasty) became impor- been the power of the people, represented
tant, power that was now temporal by the parliaments. With respect to the
beyond (or instead of) spiritual. The monarchy, the people have decided to
motto of the former Austro-Hungarian have a constitutional model.
Empire epitomises this perspective: Modern constitutional monarchies
‘Austria Est Imperare Orbe Universo’ have evolved from ‘a King with a people’
(‘All the earth is subject to Austria’ … to ‘a people with a King’.
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BALMER, GREYSER AND URDE
In light of the evolution, our view is informal talks with the Monarch.7 The
that the emphasis has shifted to the insti- Norwegian and Swedish Crowns are also
tution of the monarchy (the Crown as a characterised by their relative informality,
brand) from one on the individual/dynasty very different from the British model. As
or on the Church. The present position characterised by the Swedish Royal Court
(to us) is that the institution, that is ‘the senior information and press officer:
Crown’, is (or should be) a focal point for In England, the Scandinavian and Dutch
constitutional monarchies. monarchies are sometimes described as
As such, the core thesis of this paper is bicycle monarchies, meaning it is possible
that the institution of the Crown should to see a monarch on a bicycle as well as
be treated as a corporate brand. In our in a Rolls Royce… (Elisabeth Tarras-
view, much of the attention in the litera- Wahlberg).
ture and popular media has been focused
Relative informality and the ability to
on individual monarchs, royal families and
‘connect’ with the people were widely
dynasties, with the institution of the
cited as major characteristics of the late
monarchy diminished or excluded.
Queen Juliana of the Netherlands. She
was frequently pictured riding her bicycle
ESSENTIAL ELEMENTS OF THE in public, as seen in photos in world news-
CROWN AS A BRAND papers when she died in March 2004. She
sometimes bought clothes ‘off the peg’,
From our research and reflections on the
and shopped in supermarkets. One of her
Crown as a brand, we have identified five
first acts as monarch was to abolish the
elements that we believe need to be
requirement for ladies to curtsey at
present when the Crown is viewed
Court.
through a branding lens. We think it is the
The five elements, which we call the ‘royal
task of all those who have responsibility
five Rs’, are described below. The first —
for the management and maintenance of
royal — is an inherent element of all monar-
the Crown to ensure that attention is
chies. The other four — regal, relevant,
given to each of these elements. It is also
responsive and respected — we believe are
their task to orchestrate these elements so
amenable to being ‘managed’ via a combina-
that they result in a meaningful whole in
tion of the monarchy’s national heritage, the
a manner that makes one monarchy
incumbent monarch and royal family, and
distinct from another within its own tradi-
the public’s reactions.
tion and for its own people. Of course,
the mix of these elements needs to reflect
national mores and precepts. For instance,
in the British monarchical tradition royal Royal
ceremony and protocol is more elaborate Any monarch is per se ‘royal’. The head of
and formal than in most other monar- a monarchy (literally, the rule by one) is
chies. In contrast, openness and infor- set apart from his or her fellow coun-
mality are key characteristics of many trymen as is the immediate family (the
European monarchies. In Denmark, a Royal Family). Being Royal is a state of
singular feature of monarchy is the fort- being: of someone set apart. Traditionally,
nightly audience held at the Christian as noted above, this unique status was
Borg Palace where, by longstanding made manifest by the anointing of the
custom, any Danish subject can have monarch with holy oil during the corona-
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THE CROWN AS A CORPORATE BRAND
tion service (as is still the case with British Indeed, in some ways the French Presi-
monarchs). More typically this distinct dent owes more to a monarchy than to a
status is now accorded via a country’s presidency: his official residence is the
written constitution, which gives the Elysée Palace, and during state occasions
monarch, and, to a lesser degree, the armour-clad cavalry accompanies him.
immediate royal family a distinct status. (This explains why the aforementioned
The right to use titles such as Your Majesty distinctive designation of royal is so impor-
and Your Royal Highness are clear indica- tant.) For a monarch, the implication is
tors that the monarch and the immediate not so much that every action and activity
family are ‘set apart’. Royal coats of arms, needs to be regal (indeed we argue the
royal standards and the use of crown jewels opposite) but rather that a monarch’s
are other manifestations of this character- behaviour should not be un-regal. At the
istic. same time, it is almost a prerequisite of
Sometimes people’s expectations of the Crown that there should be a greater
what comes with ‘royal’ can be fanciful, emphasis on ceremony than is the case in
but nonetheless significant. For example, many non-monarchical countries.
an often-told story about Queen Eliza- In our view, to be regal differs from
beth II is that of a little girl waiting with monarchy to monarchy, based on its
flowers, who starts crying when the history (‘what we have done’), traditions
Queen comes to visit her school. The (‘what we do, and how’) and culture
Queen asks the girl why she is crying.The (‘what the people expect and accept’). In
little girl responds with the question: Norway, the late King Haakon decided
‘How can you be the Queen when you that the Norwegian monarchy should be
are not wearing a crown?’When we shared characterised by a small Royal Court, and
this story with Queen Silvia of Sweden, should observe a simple lifestyle. To some
she immediately smiled and said that she commentators, the simplicity of the
had encountered, and been touched by, Norwegian monarchy sometimes startles
the same experience on more than one foreigners.
occasion. What constitutes acting regal ‘is based
One does not have been born royal to upon experience’ according to Elisabeth
be royal. Consider Jean Baptiste Berna- Tarras-Wahlberg. She continues: ‘Acting
dotte, a high-ranking officer within Napo- regal is about what to do and not to do.
leon’s army who was identified as a It is about drawing the line, even about
potentially suitable Swedish monarch to what invitations should be recommended
succeed the childless King Carl XIII. He for the Royal Family to accept and not
changed overnight from a commoner to to accept’.
a royal personage and a few years later, in
1818, he established what became known
as the Bernadotte dynasty, which still Relevant
occupies the Swedish throne. This dimension highlights the fact that
the Crown also needs to have an affinity
with a variety of stakeholder groups in a
Regal variety of settings. Consider Queen Victo-
In essence, this attribute may be explained ria’s establishment of the notion of the
as ‘acting in a royal manner’. As such, it is model family based on Christian princi-
quite possible for a President to be regal. ples and the collapse of this notion four
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BALMER, GREYSER AND URDE
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THE CROWN AS A CORPORATE BRAND
ride, unescorted, through Copenhagen. The motto is one key element reflecting
‘Who guards him?’ asked one incredulous the particular monarchy’s (and monarch’s)
German soldier. ‘We all do’ was the reply. core values.
By his daily ride he ‘became the symbol
of resistance by the Danish people to a
fate which they had been powerless to Corporate brand values
prevent but to which they were deter- Organisations typically have three kinds
mined not to be resigned’.8 of values.9–11 As a group, these form the
To us, there is no doubt that substantial value foundation of a corporate brand.These
change has taken place in recent genera- are shown in Figure 2, and encompass
tions in the public’s views of royal behav- internal values that are related to the
iour that it considers appropriate for each organisation (organisational values); values
of the other 4 Rs. The view of monarchy that summarise the brand (core values),
has changed and so has the role for royals. and values as they are experienced by
Whereas in earlier times ‘The people were relevant target groups (added values).
for the King’, now ‘The King is for the More specifically, the organisational
people’. The balance has shifted in obliga- values answer in principle the question of
tions for service: who serves whom. what the organisation stands for and ‘what
In a modern constitutional monarchy, makes us who we are?’ These internal
a royal must still be set apart but at the values are an important point of departure
same time there is an opportunity to do for the core values, which summarise the
good for and among the people. It is an essence of the brand’s identity. The most
effort to balance regal and relevant. If in important task of the core values is to
an earlier era important advice to young serve as the guiding light of a brand-
royals was ‘remember who you are’, today building and brand-sustaining process.
that advice might be ‘remember who you (For example, for Volvo cars, the core
are, and also what you can do’. values are safety, quality and environmental
friendliness.) Added values represent the
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BALMER, GREYSER AND URDE
advantages associated with a brand as tionship with the people. The motto is a
perceived by the target group(s). There is statement of a principal element of brand
continuous interaction among all three promise — in this case, the covenant
levels regarding values and identity. Organ- between the King and the people.
istional values are translated into core The motto also serves as a guiding light
values that guide the organisation’s efforts. for the Court. As interpreted by the
The core values are translated into added Marshal of the Realm:
values for various target groups.
To illustrate how the Crown’s brand ‘For Sweden — With the times.’ It is a
guide for both the monarch and the Court,
promise (as we would characterise it) is
including the daily activities. An institution
rooted in its core values, we have exam- with a 1000-year long history can and should
ined in some detail the Swedish monarchy. work, even in a modern democracy!
The Swedish Crown’s organisational
values at present, as we understand the Inevitably, virtually all monarchies in
situation, are shaped by the King and the current times are dependent on public
Royal Family, with input from members support. (See below for an expanded view
of the Royal Court. The values are signif- of this point.) There are always some
icantly affected by a millennium of opponents to the institution, however. In
heritage. As already explained, we see the Sweden, for example, the institution of
Royal Rs (beyond ‘royal’ itself) as key the monarchy rests on a long-term view
elements to be interpreted and expressed from the people that there is value for the
appropriately for the Swedish Royal nation in having a monarchy.
context, as they are for other monar- The purpose of defining core values is
chies. to establish a unifying common thread in
The Swedish Constitution spells out the brand-building process.And the reason
the Monarch’s roles and tasks as Head of for talking about three core values is to
State. ensure that the functional, emotional and
Every Swedish monarch chooses his own symbolic dimensions of the brand are all
motto. King Carl XVI Gustaf ’s motto is:‘For included.To state the point in other terms:
Sweden — With the times’.This can also be the three core values stand for the logos
understood as a vision statement. (logical arguments), ethos (character and
personality) and pathos (feelings) of the
‘For Sweden — With the times.’ To me it Crown as a corporate brand.
means being a monarch in a modern society In considering the Crown as a brand,
— that is, to adapt the role by meeting the
the model can be applied to show the
demands of a changing world. Not being
values of the ruling monarch (organisa-
ahead of the times, not being behind the
times. But rather being in our time. It’s tional values), of the particular monarchy
about sensing feelings and what is right at institutionally (core values), and of the
the time — what the Swedish people wish constituencies for whom the particular
and expect from a modern monarch. (King monarchy is pertinent (added values).
Carl XVI Gustaf) In the case of monarchies, we see core
values as the essence of the Crown’s iden-
The opportunity to choose one’s own tity, reflecting the institutional longevity
motto makes it possible for each monarch of the Crown. The core values are inter-
to put a personal imprint on the reign preted by individual monarchs (and their
and to project the monarch’s sense of rela- advisers) as organisational values. What we
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Media attention also, however, serves the having a King rests on the perceived high
modern monarchy. cost. According to Gunnar Brodin, former
Of course, the Royal Family is dependent Marshal of the [Swedish] Realm, in these
on media. How long would the modern debates there is no real discussion about
monarchy survive without media interest? the revenue side, only about the cost side.
How could some modern media exist This is a particular problem for those
without personalities such as Royals? The monarchies where the budget for the
commercial media is like a battlefield. Battles Crown is an annual issue for Parliamen-
can be fought and lost. It has become more tary debate, and questions may arise
difficult for the Crown to retain its allure regarding the ‘value for the nation’. For
and glimmer (Elisabeth Tarras-Wahlberg). example, the Swedish Crown in recent
Much as in the corporate world media years has been awarded a yearly repre-
attention can be a two-edged sword for sentative budget of approximately 45
the Crown. Coverage is almost a certainty, million SEK (approximately £11m). Since
but we believe there is a need to try to the Crown adds value primarily by
manage one’s media presence (visibility) standing as a symbol for the country, the
and presentation (content). To us, what media cost equivalent of coverage is one
defines the difference between a typical way to estimate the economic value. This
corporate situation and that of the Crown approach is employed often for corporate
is the omnipresent media interest in the public relations programmes. A variation
Crown, as well as the inappropriateness of of this approach would be to ask what the
the Crown using certain corporate tools. 45m SEK could buy in media terms and
the resulting impacts. As a point of
comparison, the money could be spent
Corporate brand-building without hypothetically on an additional interna-
advertising tional advertising campaign (‘Invest in
Communications are a key element in Sweden’ or ‘Come visit Sweden’) addressed
managing the Crown as a brand, but typi- to business development or tourism.
cally in a more subtle way than for corpo- Major royal events offer the opportu-
rate brands. Unlike for corporate brands, nity for a monarchy to gain significant
communicating on behalf of the Crown international media attention. Recent
cannot be done through the principal illustrations include the May 2004
vehicles of corporate advertising and weddings of the Danish Crown Prince
public relations activities as we normally Fredrik to Mary Donaldson of Australia,
think of them in the commercial market- and of the Spanish Crown Prince Felipe
place. Even the use of market research and to Letizia Ortiz, the 2001 wedding of
working with communications and/or Crown Prince Haakon of Norway to
business strategy consultants may be diffi- Mette-Marit as well as the Swedish Crown
cult for the Crown. The reasons are that Princess’s visit to Japan in 2001. The
such initiatives are likely to be seen by reported cost of the Danish royal wedding
critics and even many non-critics as too was 143m DKR (approx. £36m) for the
transparently self-promotional. weeklong series of events. According to
Building and safeguarding the Crown the organisation Wonderful Copenhagen,
as a brand also face a number of other the tourism revenues for the week were
challenges. For example, one recurring 60m DKR (approx. £14m), separate from
argument against the Monarchy and the value of the media coverage, especially
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BALMER, GREYSER AND URDE
overseas. With the overseas audiences, the Monarch and the Royal Family are not
long-term benefit for Denmark and expected to take any political stance.
Copenhagen rests in stronger interna- What to say and not to say are clearly
tional positioning for tourism and busi- delicate decisions to be made every single
ness. In an analogous way the Swedish day. How difficult this can be and how
Crown Princess’s visit to Japan was covered easily misunderstandings may arise is illus-
there on prime-time television and trated by an event in the context of the
attracted high print media attention. 2003 Swedish referendum on adopting
In our view, compared to an advertising the Euro. Crown PrincessVictoria attended
campaign overseas, the communications a conference where one of the other
effects of the (unpaid) media coverage of speakers argued in favour of the Euro. In
the Crown overseas are likely to be worth some news media the Crown Princess was
a considerable multiple of the cost of an criticised as though she supported the
advertising campaign. The alternative cost campaign in favor of the Euro just by
to obtain this kind of attention and interest attending the conference.Another example
overseas for a small Scandinavian country was when the (Swedish) King commented
would have been very high — if at all on Norwegian seal hunting. This caused
possible to achieve via advertising. a bitter debate between the people of the
Yet another challenge of managing the two countries. This may of course seem
Crown as a brand is to maintain the allure like ‘a storm in a teacup’ unless we
and magic and at the same time be seen consider history and the symbolism.
as relevant. The Crown must strike the Casting a shadow over the entire debate
right balance between openness and trans- is the ‘ultimate argument’ as to the appro-
parency on the one hand, and being a priateness of having hereditary monarchy at
unique, exclusive symbol for a country on all in an age of democracy. This argument
the other. Managing the evolution of a typically focuses on the fact that monarchs
prestigious brand like the Crown is diffi- are ‘born to the job’. In a discussion with
cult. By analogy, even though most people Queen Silvia, she repeated the often-asked
would like to ‘know the magician’s secrets’, question and gave her short but clear answer
we may well lose interest when the secrets to it: ‘What gives you the right to the title?
are revealed to us. The dilemma is to be … [is that] the title serves the nation’.
open but at the same time set apart. Crown For the monarch and the managers at
Princess Victoria commented: the Court, setting the agenda is a key issue.
The planning of any Royal Family’s very
We are sometimes criticised that we are
busy schedule of activities demands careful
too common in a sense. Young people, for
example, often want us to be like them — attention because it affects directly and indi-
but at the same time there are expectations rectly the image of the Crown.The monarch
that we should be role models and ‘behave and the Royal Family receive many invita-
like a royal.’ I feel that dealing with this tions and there is always a risk of being
paradox is sometimes very hard. caught up in simply a series of daily routines.
One core matter is how the monarch and
A further challenge for the Crown is to the Royal Family can best make use of their
be neutral and to stand for the whole time as the symbol of the country, and
country, but still to be able to communi- simultaneously communicate the values the
cate in an interesting and relevant way. As Crown stands for. We believe the proactive
noted, in a constitutional monarchy the selection of events, ceremonies and speech
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THE CROWN AS A CORPORATE BRAND
Granting royal warrants has a long tradi- participated in Olympic sports, have
tion in most monarchies. It is a way of served on their national or international
helping trade and industry but it may also sports federations, or have been board
be viewed as a part of a brand-building members of the International Olympic
process. The warrant ‘By appointment to Committee. These include the UK’s Prin-
His Majesty the King’ is awarded to some cess Anne (equestrian), Monaco’s Prince
130 companies in Sweden. For some Albert (bobsled), and Norway’s Prince
brands, this kind of association with the Harald (sailing). Such linkages with sports
Crown may be of considerable value to us constitute a two-way brand associa-
through Crown recognition of domestic tion that results in benefits for both parties.
product/service excellence that the public More specifically, the Olympics are gener-
will consider ‘fit for a King’. ally considered to have the highest cachet
Skrufs Glasbruk (glass and crystal), ABU of any sports endeavour. They embody
(fishing reels), Fällkniven AB (folding the positive values of athletic competi-
knives), Wasabröd (ryecrisp) and Hogia tion at the highest level, of international
AB (computer programmes) are examples solidarity among the youth of the world,
of Swedish companies with a royal warrant. of athletes representing their countries,
They cover the spectrum from small, one- and a symbolic battle among nations
person businesses to large, well-known culminating in flag-raising and playing
industrial companies with operations the national anthem of the winner’s
throughout the country and beyond. country.
The head of one manufacturer with a These members of royal families, and
royal warrant commented on the effects: their monarchies, benefit from their
We are proud of what we are doing [exclusive involvement as representatives of their
handmade beds]. This pride we try to show countries on a non-political sport-based
for our retailers so they in turn can show international stage. The sports organisa-
it to the customers. Our Royal warrant is tions obviously benefit from royal family
one of the proofs of our quality. It is about member involvement. In short, for partic-
meeting the highest quality standards. Maybe ipating royal family members the Olym-
this accounts for up to 5% — as a rough pics is an arena where symbols matter.
estimate — of our total branding efforts. (Jan When a royal represents his or her country
Ryde, CEO Hästens Sängar)
in such venues, bringing together a
The Court’s management of the warrants national symbol with an international one,
sometimes calls for resolving delicate both parties gain in strength.
questions. Many companies, organisations, We see the monarchy as often partici-
and clubs would like to have a link to the pating in symbolic settings, and also using
Crown. A Golf Club in Stockholm asked corporate branding approaches. In our
for permission to have ‘royal’ as part of its view, this can be part of an explicit strategy
name, but the Court denied this. In the of helping the country, supporting social
corporate world, extending (‘stretching’) and philanthropical services for its people,
the brand too widely may in the long- and promoting business. Among these
term weaken it. To us, this is true also for approaches are co-branding (eg via
the Crown as a brand. endorsements of products, services, and
Another form of ‘brand association’ causes), sub-branding (eg a palace or art
involving royal families is with the Olym- collection labelled ‘royal’ as an inde-
pics. Several princes and princesses have pendent visitor attraction), and lending
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BALMER, GREYSER AND URDE
brand equity (eg for business development Typical measures of corporate reputa-
and foreign investment). tion15 encompass:
There is a key difference, however,
compared to the corporate world. Compa- — Awareness and familiarity
nies try to employ these approaches to — Favourability/unfavourability
leverage their brands in order to improve — Specific corporate attributes, such as
their own financial balance sheets and ‘an innovative company’, ‘a good
shareholder value. A monarchy tries to company to work for’, ‘their products
employ them to enhance the country’s are good value for the money’, etc.
social balance sheet and core values.
In short, brand custodianship for Some sophisticated corporate assessment
monarchies involves what we consider systems also include measures of ‘willing-
both leveraging and protecting their ness to support’ the company in compet-
brands. They try to leverage their brands itive contexts, on social/regulatory issues,
for positive purposes. At the same time, and as an investment.
custodianship also calls for protecting the Regarding these measures in the setting
equity of the symbols and the brand from of monarchies, awareness and familiarity
exploitation via perceived inappropriate are typically a given, although the inflow
applications or negative associations. of immigrant populations in some monar-
chies makes awareness a relevant measure
for some segments of the public. Favour-
ASSESSING THE CROWN’S ability — that is, public approval and
PERFORMANCE support — is to us the most meaningful
When senior executives in corporations criterion for assessing the ongoing
ask themselves ‘How are we doing?’ they performance of the Crown as an institu-
typically turn primarily to financial meas- tion and the reigning monarch (and Royal
ures, such as earnings and share price. Family) as individuals. At the institutional
However, there are today no widely- level, this would translate as a totality into
accepted financial measures for the support for the continued existence of the
performance of monarchies. While it is monarchy. While this inevitably is linked
true that there are some publicly-gener- to the individual personal popularity of
ated revenues associated with the institu- the monarch, it can have many other
tional monarchy (such as visitor fees to facets that are analogous to specific
palaces), in our view, it is the Crown’s attributes in a corporate setting, such as
symbolic dimensions that are central to public recognition of the Crown’s role for
assessing its performance. Although quan- the nation and contributions to it.
tifiable to a considerable degree, these do Many specific components of the
not readily lend themselves to economic Crown’s perceived value and contribu-
‘translation’. tions may enter into the public’s rating of
Here again the analogy to a corporate favourability/support for the Crown.
brand becomes salient. A major compo- Illustratively, appreciation of the symbolic
nent of assessing corporate brands rests in and/or unifying role of the Crown in a
corporate image and reputation. For the national emergency or national celebra-
Crown, the parallel is public approval and tion would increase favourability and
support, that is, winning and retaining the support. By the same token, institutional
hearts and minds of the people. and/or individual behaviour considered
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BALMER, GREYSER AND URDE
9/11 into other charitable areas), and the (d) Negative ‘ruboffs’ from matters
BBC (inaccurate/unfair reporting). reflecting the core of national identity.
Because public support for the Crown Examples: Royal ‘appointment’ firms
is so important, reputational problems found to be poorly managed and/or
— real and perceived — can represent selling low-quality products; in
threats to the Crown. Such problems may Sweden, a scandal regarding the Nobel
lead to a decline in favourability from a Prize voting.
nation’s public for individual monarchs or (e) Generational change in values. Exam-
Royal Family members, and/or for the ples: Younger people lose interest in
Monarchy institutionally. They may also the monarchy; the monarchy is no
become a focal point for attention, partic- longer seen as standing for core
ularly from media, with effect in and for values.
other monarchies. In short a reputational
issue in one monarchy may raise questions The ultimate expression of lack of public
in others much like a reputation issue in support occurs when the monarch, or
one company can affect and infect an even the monarchy itself, is overthrown
industry (such as recently occurred in the by the people or their representatives.
US mutual fund industry). Severe illustrations of both are the
Here are several different illustrative beheading of England’s Charles I (1649)
kinds of situations, some fictional and and France’s Louis XVI (1793), and the
some not, that in our view would poten- termination (for a time) of those monar-
tially erode public support and threaten chies.
the Crown as a brand. Obviously, each Again, each nation’s public would apply
country would apply its own standards. its own cultural values and traditions to
its views of any of the above scenarios and
(a) Illegal or inappropriate individual the consequences. Nevertheless, in our
royal behaviour. Examples: perceived view, monarchies and the Royal Court
close association with a widely hated must be sensitive in order to avoid those
dictator; embezzlement of state funds; situations that could markedly reduce
flagrant ‘high living;’ perceived insuf- public support for the institution (brand)
ficient sympathy in the face of public and for individual royals.
tragedy.
(b) The Crown is seen as playing an inap-
propriate role on public issues. Exam- CONCLUSIONS
ples: Overt favouritism from the When one examines the Crown through
monarch in a political leadership a branding lens, what principal ideas
contest; taking a strong public posi- emerge? Here are the conclusions we
tion on a divisive issue affecting the derived from our exploration and anal-
State Church and elected political ysis.
leaders.
(c) Challenges of perceived ‘foreign-ness’. 1. The monarchy, as an institution, is
Example: The British Royal Family’s very much like a corporate brand.
German roots led to a dynastic name 2. Managing the Crown as a brand is
change (a ‘corporate re-branding’) similar in many ways to managing a
during World War I (1917) from Saxe- corporate brand with a heritage.
Coburg and Gotha to Windsor. Managing a Crown is about being
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THE CROWN AS A CORPORATE BRAND
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