City
of (brand-new) big shoulders
It's
a long way from Shanghai to Chicago, but marketing could bring
China closer, and bring a windfall to the Windy City, say
Kellogg experts
By
Romi Herron
Al
Capone and the gangster era he epitomized are long gone as
far as Chicago is concerned. But getting investors to buy
into the modern Chicago remains a challenge, especially when
those investors have parked their money a world away and know
little about the American Midwest.
A
team of Kellogg School marketers is helping find a solution.
For
the city to attract Chinese investors, it must overcome perceptions
of a metropolitan hub clouded with unpleasant weather and
historically linked to organized crime. Instead, Chicago's
major assets, such as O'Hare International Airport and a pro-business
government, should be at the forefront of Chicago's image,
said Clinical Associate Professor of Marketing Tim
Calkins.
Calkins
recently led a student team in a branding initiative, collaborating
with the Chicago Council on Foreign Relations, World Business
Chicago and NuVista Strategies. Together, they created a marketing
framework that Chicago can employ to improve China's perception
of the city as a viable investment locale.
Early
on, the group gained qualitative insights from people with
extensive experience living or working in China. Some Kellogg
alumni and U.S. government officials participated in the research,
which enabled the group to gather hypotheses about investors'
attitudes toward Chicago. Details revealed many Chinese associate
Chicago with severe weather and crime.
An
online survey of Chinese executives yielded more insights
and the study's recommendations for rebranding were submitted
to the City of Chicago in April.
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