National Economy
Thursday, July 31, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Human Resource

Reputation Management: Shaping Perceptions For Business Success

by Olushola Bello
2 years ago
in Human Resource
Reading Time: 3 mins read
Reputation
Share on FacebookShare on TwitterShare on Telegram

 

Reputation management refers to the strategy and techniques used to manage and influence a person, organisation, or brand’s perception in the public eye.

In this era of advanced technology, it is not uncommon for individuals and companies to face negative publicity or feedback that can damage one’s reputation. As a result, effective reputation management has become an essential tool to enhance the image and credibility of individuals and organisations and protect them from harmful consequences.

According to Warren Buffett, it takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you will do things differently.

You May Like

Executing Vision: Strategies For Building Strong Team

Incorporating Short Breaks In Your Workplace

PR and Communications assistant at ID Africa, Chinyere Oji said that “the quote above succinctly captures the profound significance of brand reputation in both establishing and operating a successful business.

“In today’s fast-paced business landscape, reputation management has emerged as a critical factor influencing public perception and shaping the success or failure of companies.”

She noted that “with the rapid evolution of digital technology, businesses find themselves in an era where their impact and activities can be instantly felt and shared with the world at the mere click of a button. As such, cultivating a positive perception among customers has become paramount.

“Studies show that business leaders attribute an average of 63 per cent of their company’s market value to its overall reputation, with 58 per cent recognising the importance of online reputation management. Furthermore, research by Harvard Business School suggested that a mere one-star increase in a company’s online rating can yield a remarkable five to nine per cent increase in revenue. It is evident that businesses must proactively undertake measures to ensure their brand is accurately represented.”

Oji pointed out that in today’s digital age, where information travels at lightning speed, reputation management is no longer a luxury but a critical necessity, saying that “reputation management holds significant sway in customers’ interactions with a brand, customer experiences, and word-of-mouth recommendations, all of which profoundly influence public perception.

“A well-earned positive reputation fostered through exceptional customer service, unwavering product quality, and ethical practices, yields customer loyalty, a pivotal asset in attracting new clients and ensuring sustained long-term success.

“A good brand reputation also elevates a business’ standing within the local community, fostering a community of trust and credibility. In times of crisis, effective reputation management plays a significant role in mitigating damage, restoring trust, and preserving a business’ reputation, ensuring its resilience and long-term viability in the marketplace.”

She added that “undoubtedly, a positive reputation not only fosters trust and credibility but also helps businesses attract new clients and enhance brand loyalty. Conversely, a negative reputation can cause severe harm, damaging a business’s image, which may result in loss of customers, revenue and market share.

“To shape public perception and influence consumer behaviour, businesses must implement effective reputation management strategies. In this regard, public relations (PR) emerge as the foremost approach, given its ability to mould and guide public sentiments.”

According to the 2021 Global Communication Report 87 per cent of PR professionals believe that reputation management is a fundamental purpose of public relations. They recognise its critical role in shaping and maintaining a brand’s reputation.

She emphasised that “businesses can leverage PR to cultivate brand trust, manage crises, minimise reputational damage, and build positive relationships with key stakeholders. Proactive stakeholder engagement, online reputation management, thought leadership, and crisis communication are integral components of a comprehensive reputation management strategy. By adopting these practices, companies will actively position their public image to align with strategic goals and resonate positively with target audiences.”

Shaping Business Reputation

Businesses can build a strong brand image based on the following details:

Visual cues. Company name, logo, and all of the imagery related to your visual identity reinforce a consistent brand name.

Mission, vision, value proposition, or philosophy. The guiding light of a company’s internal culture, these elements have a ripple effect when it comes to corporate reputation.

Behavior of members within the organisation. What people are saying or writing is key. Articles, word of mouth, news, social media, and online reviews.

The success and positioning of the business.

Corporate communications. People can only form opinions on what they know, so make sure you share all the positive things your company is doing.

 

ShareTweetShare
Previous Post

The Dark Side Of The Cashless Economy

Next Post

Africa Soft Power Summit Returns To Kigali

ANOTHER GOOD READ

Executing Vision: Strategies For Building Strong Team
Human Resource

Executing Vision: Strategies For Building Strong Team

3 days ago
Incorporating Short Breaks In Your Workplace
Human Resource

Incorporating Short Breaks In Your Workplace

1 week ago
Resetting A Demotivated Workforce: Strategies For Success
Human Resource

Resetting A Demotivated Workforce: Strategies For Success

2 weeks ago
Unlock Team Potential: The Power Of Good Habits In Workplace
Human Resource

Unlock Team Potential: The Power Of Good Habits In Workplace

3 weeks ago
Sustainability In Workplace: Strategies For Organisations To Go Green
Human Resource

Sustainability In Workplace: Strategies For Organisations To Go Green

1 month ago
Strategies For Becoming An Effective Leader At Workplace
Human Resource

Strategies For Becoming An Effective Leader At Workplace

2 months ago
Next Post
Africa Soft Power Summit Returns To Kigali

Africa Soft Power Summit Returns To Kigali

Most Recent

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

July 30, 2025
Stakeholders Warn Against Weakening FoI Act

Stakeholders Warn Against Weakening FoI Act

July 29, 2025
Impact Of Fake Colleagues In A Workplace

Impact Of Fake Colleagues In A Workplace

July 28, 2025
NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

July 28, 2025
Women’s Basketball Premier League: First Bank Makes Strong Start

Women’s Basketball Premier League: First Bank Makes Strong Start

July 28, 2025
WAFCON 2024: Senate Celebrates Super Falcons

WAFCON 2024: Senate Celebrates Super Falcons

July 28, 2025
Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

July 28, 2025
‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

July 28, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy