A REVIEW OF KAZEEM ADEMOLA ADIO’S “STRATEGIC REPOSITIONING OF NIGERIA IN THE GLOBAL MARKET”
TITLE: Strategic Repositioning of Nigeria in the Global
Market”
Author: Kazeem Ademola Adio
Genre: Economics
Reviewer: Abdulwaheed Olaniyi
Pages: 65
Despite
the abundant human and mineral resources, Nigeria as well as other African
countries has been given sobriquets which often prevent her to rise
economically. Why? Absence of image credibility is one of the major obstacles
to the economic progress of the African countries, especially Nigeria.
Expectedly, each country in the world has her own “brand image” for the sustainability of her economy. For Nigeria,
such image is being tarnished due to poor economic management by the people of
the country, making other countries, outside African continent to see the brand
image of African countries from a negative perspective. To reveal this, Kazeem
Ademola Adio identifies the cause of the problems and proffers lasting
solutions to the negative image on Africa. He summarizes the way Nigeria as
well as other African countries can reposition herself in the global market.
In
marketing, branding is necessary. A brand can be referred to as a name, term,
symbol, or design or a combination of them intended to identify the goods and
services of one seller or group of sellers and to differentiate them from those
of competitors. The author says that facing a negative image is a very tasking
challenge, and that some African countries, such as Turkey, that even claim
have a longer coast, unpolluted waters and superb archeological sites to
delight any visitor is losing the trust. Thus, larger number of vacationers
seeking sun and antiquities pick Greece instead of the neighboring Mediterranean
country. The author notes that brand
position on the mind of customers is very essential, because it determines the
country’s survival or failure. Therefore, the author’s aim of the book is to:
1. further emphasize the impact of “Branding” on the
concept of “place marketing”;
2. explore the possibility of treating Nigeria as a
single branded place with its characterizing image and equity;
3. diagnose the major constituting elements, which have
been responsible and still contributing to Nigeria’s image using the United
Kingdom for cross referencing; and
4. to proffer customized solution to the Nigerian image
crisis with the view to reposition it as a brand with enormous potential and
equity.
The
author then opines that “the country’s image results from its geography,
history, proclamations, arts and music, famous citizens and features.” While
noting the opinion of Martin and Eroglu (1993) “A country’s image or equity is
influenced by external factors such as the country’s economic status,
technology, social desirability, the characteristics of its people, natural
image and so on.” However, the distinction between a brand from its unbranded
commodity counterparts, according to the author, is the customer’s perception
and feeling about the products’ attribution and how they perform.
No
matter how the world sees Nigeria or Africa’s image from a negative
perspective, there is the need to suggest lasting solutions that will redeem
the image of the country. The author then suggests that a good brand name
should be unique/distinctive, extendable, easy to pronounce, identified and
memorized. It should give an idea about the product’s qualities and benefits,
easily convertible into foreign language. It should also be capable of legal
protection and registration. It should suggest product/service category,
indicate concrete qualities and not portray bad/wrong meaning in other
categories.
While
a country is looking forward to getting “place marketing,” it is necessary to
do the following as the author quotes Kotler et al., (2002):
·
developing a
strong attractive positioning and image for the community;
·
selling attractive
incentive for current and potential buyers and users of goods and services;
·
delivering a
place’s products and services in an efficient way; and
·
promoting a
place’s attractiveness and benefit in such a way as to ensure that potential
users are fully aware of the advantages.
Nevertheless,
the effort to re-direct the Nigerian image using the element of place
marketing, as the author says in the book, may be arduous and not achievable in
a short time, but the author recommends that:
·
A planning group
should be organized and that it should include both the Federal Government, citizens
and other stakeholders;
·
There should be a
re-orientation of the people and effective, transparent fight against
corruption should be embarked upon;
·
Government should
provide adequate infrastructural facilities to ensure enabling environment for
the business and both local and foreign investors should be called to invest in
the country.
These
and more will redeem the brand image of the country. There is an urgent need to
take proactive/pragmatic step to ensure the world change its perception on the
brand image of the country.
This
book, Strategic Repositioning of Nigeria
in the Global Market, is written in simple language. The book is an excerpt
from the author’s Post Graduate thesis. Being a book that focuses on the issue
that concerns every Nigerian/ African, the language is accessible to everyone
to understand the content.
Being
a kind of summary of what the author focused in his thesis, there is the need
to produce more contents in order to make people know more about the
place-marketing, brand so that the country will be able to compete globally
when it comes to economy.
This
is a book that everybody has to read. The necessity to know the message of the
book is not limited to masses alone. It is a book that everyone in the
government has to read. It is therefore suggested that the author has to make
the book available in major bookshops across every state of the Federation and
online copies should be made available too.
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