What Is Reputational Risk? [+ Real Life Examples] - Deepstash

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What Is Reputational Risk? [+ Real Life Examples]

blog.hubspot.com

Reputational Risk

This is defined as any sort of threaten or danger that can damage the good standing of your business and negatively impact your reputation with consumers and overall business success. 

Such risks are usually unexpected and occur with little to no warning. All kinds of reputational ris...

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4 Types of Reputational Risk

  1. Direct actions of your company and company practices: actions included here could be by not complying with regulations, data breaches due to unsafe practices, or internal scandals that become public knowledge.
  2. Actions of anyone who ...

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Reputational Risk Management

Listed down below are some practices that could lessen the likelihood of reputational risk scenarios:

  • Prioritizing customer satisfaction
  • Listening to customer feedback and acting on their needs
  • Compliance with legal rules
  • Responding to online reviews and managin...

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Mitigating Risk Management

Mitigating reputational risk involves lessening the blow when a threat occurs, essentially getting out in front of the problem. 

Acknowledge that it is occuring and have your PR team create crisis messaging that will help your business explain what is happening...

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