Pope Francis could become something of a rebranding icon for the way in which he has been transforming perceptions of the Catholic Church since his papacy began in March 2013.
In fact, according to an editorial in The Economist, his efforts in turning around his organization’s fortunes, effectively as its CEO, would make Pope Francis an excellent case study in rebranding, and one that business school students could learn much from.
When Jorge Mario Bergoglio, Archbishop of Buenos Aires since 1998 and a Cardinal since 2001, became Pope, the Catholic Church’s finances were in disarray and accusations of corruption saw it struggling to prevent members of its flock from reconsidering the level of their association with it. Some, particularly in Bergoglio’s home region of Latin America, were opting to join the Catholic Church’s ‘competitors’.
Fast-forward one year and people are talking about the transformational ‘Francis effect’ and specifically, how Pope Francis’ brand management is allowing The Economist to compare him with ‘turnaround CEOs’ such as Apple’s Steve Jobs and Fiat’s Sergio Marchionne.
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