Home   Contact us  

BOOK TITLE: Reputation Management.
 >>
Chapter
Buy this book for only £6.99
1
Introduction to Reputation Management
Corporate communication is increasingly important for business success. Corporate communication can look to and shape the future. The starting point for corporate communication is the area that needs most attention: setting out the objectives of the business. Managers often fail to communicate the business objectives and are poor examples of communication in action.
2
Definition of Terms: What is Reputation Management?
Two books by novelist Daniel Defoe - Moll Flanders (1722) and Robinson Crusoe (1719) teach us about the world of reputation management. Essentially they show us that reputation is what other people think of us - i.e. it is based on external perceptions and conventions. Correctly determining your own corporate culture is vital. A useful way of segmenting your company is to use the solidarity/sociability criteria put forward by academics Goffee and Jones. Key audiences with whom you can communicate are best categorized into "clusters," such as business partners. This will help plan both the messages you want to get to them and the channels you use to deliver these messages. There are a number of well-formed "disciplines" for reputation management - practiced largely by the agency business: e.g. issues management or public affairs.
3
The Evolution of Reputation Management
Reputation management, as a formal exercise, really only took off at the beginning of the last century. American journalist Ivy Lee Ladbetter established some early principles: "supply prompt and accurate information concerning subjects which it is of interest and value to the public to know about." Roosevelt, Ford, and Insull were all natural born communicators. Large corporates have led the way in good corporate reputation management: AT&T, Mobil Oil (issues management), and Johnson & Johnson (crisis management).
4
The E-Dimension
The ability to circumvent traditional knowledge bases (e.g. medical) will pose a real problem for corporations to manage. This can be seen in many medical chat rooms where victims canvas for allies, which could ultimately result in a class-action suit against a "culprit" corporation. Hollywood has also been exposed by www.ain't-it-cool-news.com when it tries to tailor its endings to suit popular tastes - or at least avoid a commercial flop. Corporations simply cannot use the Internet as another "channel" because the nature of the Web is anarchic and will not be tamed and oriented for commercial ends so easily. It thrives on the "pornographic," i.e. that which lies outside acceptable social norms. The social conventions which e-mail is overturning (i.e. flattening hierarchies) can be good for business - but we are in danger of swamping each other with information of relatively low value.
5
The Global Dimension
The recent high-profile demonstrations against economic globalization need to be taken seriously by those wishing to maintain a business reputation across boundaries. Technology will be a key driver of globalization but consumers will need to be managed better if we are to avoid another GM fiasco, when the public got scared about a positive and harmless innovation. McDonald's has managed its global drive very well ¿ particularly because it has adapted to local needs (e.g. differing menus to take account of cultural or religious differences). Businesses now need to be able to respond to crises speedily and internationally or else risk being peripheralized - as happened after the Guam air crash.
6
The State of the Art
Corporations who engage in environmental issues either for "fad" reasons or because it might inoculate them against NGO attack are being accused of "greenwashing." "Corporate branding" and "corporate social responsibility" are two current terms which summarize the main thrust of corporate reputation management thinking. CSR needs to exist as practice rather than mere policy, as evident in the Marine Stewardship Council initiative begun by Unilever and WWF. Within the agency world, viral marketing (the ability to create word-of-mouth positive opinion) ought to be the real driver of new business - but many struggle to achieve real excellence in this area.
7
In Practice
This chapter takes a look at how corporate reputation has fared in differing circumstances and in differing parts of the world. Initially we take an extensive look at how Shell, one of the world's largest companies, was brought to its knees by Greenpeace over the dumping of the Brent Spar oil rig: Reputation Lost. We then look at how reputation can be regained through looking at how a chemical manufacturer based in Venezuela - Bitor - rebuilt its tarnished reputation through reputation building activity: Reputation Regained. Finally we take a look at how the corporate giant Unilever looked to establish itself in China: Building Reputation.
8
Key Concepts and Thinkers
This chapter presents an A-Z glossary of reputation management which includes key concepts and practitioners.
9
Resources
Much has been written on the subject of reputation management. This chapter gives descriptions of some useful sources of information, including: books; seminal articles; organizations and associations; trade publications; and additional Websites.
10
Ten Steps to Making Reputation Management Work
Review business objective Assess corporate culture Review business actions Set communication objectives Assess current communication activities Assess the mindset and behavior of key audiences involved Develop key messages Select the best delivery options Align messages with delivery options Develop a tactical plan.
Top   Home   Contact us   Terms & Conditions  Privacy