Image Resilience after Multiple Crises. The Case of Switzerland in the United States

Martial Pasquier and Raphael Zumofen

Die Unternehmung - Swiss Journal of Business Research and Practice, 2015, vol. 69, issue 2, 182-192

Abstract: In today’s world, country’s reputation and image have become key issues, widely believed to be success factors both economically and politically. Nevertheless, managing a country’s brand is complex and leads to two positions that are potentially contradictory: On the one hand, a country’s image can be influenced either by promotional activities. On the other hand, a country’s image is a construct that is very difficult to delimit and is highly stereotyped. This contribution study the impact of two major crises on the image of Switzerland in the United States: the unclaimed wartime deposits crisis in 2000 and the UBS and banking secrecy crisis in 2009. It shows that despite the fact that a substantial proportion of the public and of opinion leaders was aware of both crises, the image of Switzerland was unaffected, which tends to support the hypothesis of strong stability of a country’s image.

Date: 2015
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DOI: 10.5771/0042-059X-2015-2-182

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Die Unternehmung - Swiss Journal of Business Research and Practice is currently edited by Prof. Dr. Artur Baldauf, Universität Bern, Prof. Dr. Manfred Bruhn, Universität Basel, Prof. Dr. Pascal Gantenbein, Universität Basel (geschäftsführend), Prof. Dr. Markus Gmür, Universität Fribourg, Prof. Dr. Klaus Möller, Universität St. Gallen, Prof. Dr. Günter Müller-Stewens, Universität St. Gallen, Prof. Dr. Dr. h.c. Margit Osterloh, Universität Zürich, Prof. Dr. Dieter Pfaff, Universität Zürich and Prof. Dr. Martin Wallmeier, Universität Fribourg

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