reputation risk

Why Is Reputation Important In Business?

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Why Is Reputation Important In Business? Executives know the importance of their companies’ reputations. Firms with strong positive reputations attract better people. They are perceived as providing more value, which often allows them to charge a premium. Their customers are more loyal and buy broader ranges of products and services. Why is a reputation important?

What Are Likely To Be The Consequences Of Reputational Damage?

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What Are Likely To Be The Consequences Of Reputational Damage? It increases liquidity risk, impacting stock price and cutting market capitalization. It will certainly result in loss of customers and falling sales. It can undermine employee retention, and make it hard to recruit new talent, increasing staffing costs and hitting operating margins. What is an