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Reputation Risk is often ranked as one of the greatest risks facing businesses, responsible for big swings in everything from share price to employee retention. But what is it, how do you measure it and can it be managed? We examine every aspect of reputation risk from its definition, to its measurement and best practice examples of management.
What is reputation risk, how do you recognise it, avoid it, manage it, and mitigate it? A guide to handling threats to your organisation’s reputation, and the consequences of not doing so.
Boards and executives need more precise quantification of reputation risk, how it is evolving and the negative impact posed by certain issues, to support better decision making and the balancing of risk versus reward.
Risks to your business’ reputation are a constant threat from both external and internal factors – but with the right plan, enterprise risks can be managed and the negative effects mitigated. Here are some of our top tips for how to save your brand from an avoidable crisis.
Reputation has far more grounding in perception than in reality – perceptions held by the various stakeholders linked to an organisation –and is not necessarily the truth of that organisation. How others see it can have a far greater impact than what it does, when it comes to forming that reputation.
Corporate Affairs is most often the function being asked to provide reputation intelligence to the rest of the business. This presents an enormous opportunity – if reputation is the biggest concern to the leadership of the business, the department which is responsible for providing reputation intelligence should see a commensurate increase in its status within the business.
How can something as arguably abstract and intangible as reputational risk be quantified? More specifically, how can organisations put a price on their reputation? And, even more complex, how can that value be effectively rolled into an insurance policy that is both attractive to the insurance company, and worth the paper it’s written on to the holder of the policy?
Using the TalkTalk cyber attack as an example, this case study sets out to answer the following three questions:
This case study looks at the issues that Boeing has experienced over the past three years to draw a clear quantitative differentiation between a risk and a crisis. The intention is to help organisations better understand where they sit on this spectrum, when internally it may feel like every negative issue is a crisis and develop response strategies accordingly.
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