Brand reputation impacts everything from pricing to attraction and retention of talent, to competitive advantage and intent to purchase. It’s time to protect it.
Before quarantine, I went to the bank to sign some paperwork. The bank was closed due to an “incident.” While waiting outside for the bank to reopen, a man approached the door and demanded that the employee on the other side let him in, saying he was a private banker and didn’t care about the incident. He escalated into a swearing tirade against the employee who was merely following protocol.
Brand reputation is at the constant mercy of events often outside of a company’s control. As customers, we expect companies to act with empathy, but we rarely have it in return. A bank robbery should not rob a bank of its reputation, but in today’s social media reality, it doesn’t take much to wreak havoc.Read more