Corporate or business reputation is a very important issue. It is important for large companies exposed to public recognition and it should be important for SMEs, whatever their sector . Why? The answer is in the definition of the word “reputation” by the Royal Spanish Academy: the opinion/consideration that someone or something has and the prestige or esteem that is associated with someone or something.
When applying this description to the business phone number list world, we will see that what is known as 'stakeholders' come into play , or in other words, the interest groups (people and other organisations) that are related to the company's activities and decisions: workers, shareholders, clients, suppliers, public administrations, general public, the media... In other words, our reputation will be the result of the opinion or consideration that all these interest groups have of our company and that will strengthen that esteem or prestige.
Corporate reputation: aspects to take into account
A positive corporate reputation impacts sales, increases your ability to attract the most suitable suppliers, strengthens your employer brand by acting as a beacon for the best talent, increases the productivity of your employees thanks to their satisfaction, the competition will take you into account and public opinion, in general, will look favorably on the company.
There are three key aspects to building a corporate reputation:
It's a long-term job
The maxim of coherence must be followed
It is not 100% controllable
Opinions and perceptions go through personal filters, and therefore will always be subjective, the result of the more or less satisfactory relationship that stakeholders have with the corporation or company in question. Oscar Wilde's famous quote, which highlights that it is better for people to talk about you, even if they do it badly, does not apply in a globalized and digitalized world like today's. But it is time to remember the famous quote from billionaire and investor Warren Buffet: " It takes 20 years to build a good reputation and only 5 minutes to destroy it ."
How to build a good corporate reputation in the media
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