What Are the Consequences of Neglecting Reputation Protection?
Neglecting reputation protection can have severe consequences, including:
- Loss of Trust - Stakeholders may lose trust in the company, leading to a decline in customer base and investor confidence. - Financial Impact - A damaged reputation can result in decreased sales, higher costs for customer acquisition, and potential legal fines. - Employee Morale - Negative public perception can affect employee morale and retention, making it challenging to attract top talent.