By Dominic Cockram
It has certainly been a busy few days for the VW crisis management team. If they had a mature and practiced crisis preparedness capability in place then hopefully they will have been hard at work for some time now. Suggestions are that others did have some foresight that all was not well in the industry from the roadside test reports, so there may have been some early work going on.
But, in facing this potentially overwhelming corporate crisis, how should VW set about managing the crisis, identifying their priorities and ensuring their reputation recovery? Continue reading
Posted in Crisis Communications, Crisis Leadership, Crisis Management, Crisis Management Planning, Reputation Management, Thought Leadership
- Tagged business, communication, communications, corporate communications, corporate reputation, crisis communications, crisis leadership, crisis management, crisis management conference, crisis management plan, crisis management team, crisis planning, Crisis PR, volkswagen
Reputation and the importance of a good reputation is well understood; for businesses reputation is a vital and valuable commercial asset, albeit intangible. But how do organisations actively protect their reputation and manage the risks to it being damaged?
That is a harder question to answer. The 2014 Forbes Insights Survey found that 39 per cent of companies surveyed rated the maturity of their reputation risk programmes as “average” or “below average,” and only 19 per cent gave themselves an “A” grade for their capabilities at managing reputation risk. Clearly there is still much to be done – but what? In this blog, I offer some ideas for consideration and debate.
Influencers of corporate reputation
External perceptions of quality, transparency and trust are key influencers of corporate reputation, as found by research published in the Edelman Trust Barometer (an annual survey of more than 5,000 informed publics in 23 countries), the Fortune 500 listing of the world’s most admired companies and the Reputation Institute. But herein lie the first two problems for reputation risk management. Reputation is an intangible asset and its gift is in the hands of your stakeholders; both factors make it harder to gauge. Continue reading
Posted in Crisis Communications, Crisis Leadership, Crisis Lessons, Crisis Management, Crisis Management Planning, Reputation Management, Reputation Risk
- Tagged board, corporate reputation, crisis communications, crisis management, issues management, reputation, reputation management, reputation risk management, resilience, risk management
Last month, we were delighted to welcome a capacity audience of international delegates to the Crisis Management Conference (CMC) 2014 in London.
The day had an auspicious start with the official launch of the new British Standard in Crisis Management, BS 11200 by the UK Cabinet Office and the British Standards Institution. BS 11200 is the successor to PAS 200 and marks a significant point in crisis management as it codifies accumulated best practice into top-level guidance for organisations looking to implement a crisis management capability.
Posted in Business Continuity, Crisis Communications, Crisis Leadership, Crisis Management, Crisis Management Planning, Organisational Resilience, Thought Leadership
- Tagged business continuity, corporate reputation, crisis communications, crisis leadership, crisis management, crisis management conference, emergency planning, John Lewis Partnership, leadership, network rail, resilience, strategy, thought leadership, ubs, UK Cabinet Office
By Rosanna Moseley
The first in a two-part series examining the contrasting fortunes of those who embrace Twitter in a crisis, vs those who hold it at arms length – Part 1: Organisations with an existing Twitter presence
A couple of years ago, discourse surrounding corporate engagement with social media was of the opinion that, if you had made the decision to interact there was not necessarily the expectation for you to respond using Twitter during a crisis. Whilst in theory this may still be true, there have been a multitude of examples that have proved that this argument is becoming increasingly invalid and actually, using Twitter can aid your response. Continue reading
By Andy Cuerel
A recent analysis showed that around 60% of corporate crises originate with media reports. This means that any proposed regulation of the media will have its implications for businesses and crisis managers and reputation management as a whole – but what are these implications, and will anything actually change?