How the Gulf crisis made BP British again
Companies frequently abbreviate their names in order to present a more generic, less nationalistic face to consumers around the world. It’s AT&T, not American Telegraph & Telephone. Hong Kong Shanghai Banking Corporation presents itself to banking customers in Washington, D.C., as HSBC. Swapping specific city and country names for generic abbreviations makes sense for globe-trotting companies. Even in an age of globalization, nationalism can be a powerful influence on consumer behavior. And in times of crisis, national biases can come to the fore quickly—and harshly.