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Follow on Google News | New summary available for Crisis, Issues and Reputation ManagementBy: bizsum.com Reputation is about exemplifying corporate values, making good decisions, meeting and exceeding performance standards, and exhibiting good behavior throughout the organization. According to Griffin: • Organizations should put in place reputation strategies that maintain, enhance, protect, and utilize their reputations to achieve corporate goals and create shareholder value. • Reputation risks can be grouped into four categories: (1) externally driven issues, (2) internally driven issues, (3) externally driven incidents, and (4) internally driven incidents. • The management of reputation risks follows a typical life cycle: prediction, prevention, preparation, resolution, and recovery. • Most important to recovering reputation is showing that performance has returned to expected levels. • There is opportunity in a crisis to bring about changes that can be transformational for the organization. To learn more, please visit www.bizsum.com End
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