This may sound obvious, but think about this. In these cases, you have to follow up yourself, and they lose credibility. When a person has this habit, it stands out — and you see them as dependable and reliable individuals, trusting them completely.
Reputation management Many businesses have public relations departments dedicated to managing their reputation.
In addition, many public relations firms describe their expertise in terms of reputation management. The public relations industry is growing due to the demand for companies to build corporate credibility and hence reputation.
Although many companies[ who? Hoover's has a list of officers with the term "reputation" in their titles. Despite the great interest in reputation, there only remains 25 or fewer people as reputation officers. Reputation capital According to Joachim Klewes and Robert Wreschniok, reputation can be managed, accumulated and traded in for trust, legitimisation of a position of power and social recognition, a premium price for goods and services offered, higher customer loyalty,  a stronger willingness among shareholders to hold on to shares in times of crisis, or a stronger readiness to invest in the company's stock.
Therefore, reputation is one of the most valuable forms of "capital" of a company. This framework provides "return in cooperation" and produces reputation capital.
A positive reputation will secure a company or organisation long-term competitive advantages.
The higher the Reputation Capital, the less the costs for supervising and exercising control. Stakeholders of a company include any individual or group that can influence or is influenced by a company's practices. The stakeholders of a company can be suppliersconsumersemployees, shareholders, financial community, governmentand media.
Companies must properly manage the relationships between stakeholder groups and they must consider the interest s of each stakeholder group carefully. Therefore, it becomes essential to integrate public relations into corporate governance to manage the relationships between these stakeholders which will enhance the organization's reputation.
Corporations or institutions which behave ethically and govern in a good manner build reputational capital which is a competitive advantage. According to Fombrun, a good reputation enhances profitability because it attracts customers to products, investors to securities and employees to its jobs.
A company's reputation is an asset and wealth that gives that company a competitive advantage because this kind of a company will be regarded as a reliable, credible, trustworthy and responsible for employees, customers, shareholders and financial markets.
Also, it is the outcome of managers' efforts to prove their success and excellence. It is sustained through acting reliably, credibly, trustworthily and responsibly in the market. It can be sustained through consistent communication activities both internally and externally with key stakeholder groups.
This directly influences a public company's stock prices in the financial market. Therefore, this reputation makes a reputational capital that becomes a strategic asset and advantage for that company.
As a consequence, public relations must be used in order to establish long lasting relationships with the stakeholders, which will enhance the reputation of the company.
Much of this confusion has been alleviated by recent work integrating reputation models in terms of underlying psychological theory. According to Money and Hillenbrand reputation models can be placed in a framework that relates to reputation, its causes and its consequences.Keep your behavior excellent among the Gentiles, so that in the thing in which they slander you as evildoers, they may because of your good deeds, as they observe them, glorify God in .
Building Relationships Telling the truth is an important part of a trusting relationship, in or out of the workplace. Of course, honesty needs to be combined with other qualities such as patience, compassion and an open mind to differences in opinion.
Creating a good reputation takes time and effort, but it can be lost in an instant. However, there are a number of things you can do. Building your reputatiion Telling the truth at work demonstrates a commitment to integrity that is valued by employers, co-workers and customers.
Though people may not always react well to individual expressions of honesty, they do respect honesty and remember it in the future. Oct 04, · How to Get Rid of Your Bad Reputation. In this Article: Assessing Your Reputation Improving Your Reputation Maintaining a Good Reputation Community Q&A You are not born with a reputation.
Instead, you develop your reputation over time 77%(). We turn customers into local advocates by building your online reputation, improving service experience, and driving financial results. Contact us today.