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REPUTATION MANAGEMENT FOR CXO
If you lose money for the firm, I will be very
understanding. If you lose reputation for the
firm, I will be ruthless.
        Warren Buffet – Renowned businessman and philanthropist




       IS REPUTATION IMPORTANT?
Reputation takes time and
   dedication to build, but can
    be lost extremely quickly
    with devastating results




REPUTATION IS FRAGILE
Active commitment to
           reputation management by
              top management is
                    essential




REPUTATION NEEDS INVOLVEMENT
“In today’s world, where ideas are
                increasingly displacing the physical in
                  the production of economic value,
               competition for REPUTATION becomes
                 a significant driving force, propelling
                        our economy forward.”
                  Alan Greenspan, former chairman,
                            Federal Reserve




REPUTATION CREATES ECONOMIC VALUE
company can lose in excess of
             30 percent of its share value as
              a result of a highly publicized
                           crisis
                (Weber Shandwick, 2007)




REPUTATION IMPACTS SHARE VALUE
60 percent of market value
                     is attributable to
                         reputation
                 (Weber Shandwick, 2006)




REPUTATION INCREASES MARKET VALUE
1 percent reputation increase
               results in 3 percent increase of
                         market value
                  (Weber Shandwick, 2006)




REPUTATION CREATES MARKET VALUE
2 percent reduction in negative
                 word of mouth boosts sales
                     growth by 1 percent

                London School of Economics




REPUTATION IMPACTS MARKET VALUE
93 percent of senior executives
                                                                                    believe that customers consider
                                                                                    corporate reputation important
                                                                                        or extremely important




                              REPUTATION IS IMPORTANT – CUSTOMERS




Hill and Knowlton’s Corporate Reputation Watch 2004 Survey: Some key findings (www.hillandknowlton.com)
79 percent of senior executives
                                                                                       believe that investors and
                                                                                      lenders consider Corporate
                                                                                    Reputation either important or
                                                                                            very important




                                  REPUTATION IS IMPORTANT – INVESTORS




Hill and Knowlton’s Corporate Reputation Watch 2004 Survey: Some key findings (www.hillandknowlton.com)
40 percent of senior executives
                                                                                       believed that strong corporate
                                                                                     governance is a critical factor that
                                                                                     potential investors consider before
                                                                                                 committing




                                CORPORATE GOVERNANCE IS IMPORTANT




Hill and Knowlton’s Corporate Reputation Watch 2004 Survey: Some key findings (www.hillandknowlton.com)
investors are prepared to pay a
                 12-30 percent price premium
                     to a good governance
                       (McKinsey, 2002)




GOOD GOVERNANCE ATTRACTS PREMIUM
70 percent of global
                 corporations see increasing
                  interest from mainstream
                    investors in corporate
                          citizenship




CORPORATE CITIZENSHIP IS IMPORTANT
“CEO reputation represents
          65% of corporate reputation.”

               CEO Capital Research




CEO REPUTATION IS IMPORTANT
9% of customers are lured
                    away by competitors, but as
                      many as 68% are lost by
                      employees’ indifference.

                       Journal of Marketing




EMPLOYEE INDIFFERENCE CAN KILL BRAND
“About 60% of all
        management problems are
          due to poor or faulty
           communication.”
                    Peter Drucker




COMMUNICATION IS THE KEY
73% of surveyed MBA students
       said that corporate reputation is
        either an "extremely" or "very"
       important factor when deciding
             where they will work
            Hill and Knowlton, 2007




REPUTATION FOR EMPLOYEE
it’s about bringing your values
               to life ….communicate what
                you stand for, to all of your
                       stakeholders!




COMMUNICATION IS THE KEY – CXO
40 percent of my time I communicate our
company’s credo
                     Jim Burke, Johnson&Johnson CEO




      REPUTATION FOR CXO IS IMPORTANT
Reputation Increases
                                      investors` interest and
                                       willingness to invest




OBJECTIVE: BE PART OF THE “RECOMMENDATION CHAIN”




          SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
Reputation Increases
                                      customer, consumer, client
                                     engagement and participation




CHANGE: CREATING A BETTER CUSTOMER EXPERIENCE




           SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
Reputation enhances
                                  employees` satisfaction and
                                        productivity




IMPLICATION: SHIFTING GEAR IN SUPPORT, PRODUCT
              MARKETING, SALES, AND MARKETING




       SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
Reputation Improves
                                  understanding and support
                                    among opinion leaders




REALIZATION: SOCIAL MEDIA IS A CROSS FUNCTIONAL
BUSINESS INITIATIVE – NOT A MARKETING CAMPAIGN




       SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
reputation Increases
                                 customer, consumer, client
                                   preference and loyalty




GOAL: BUSINESS GROWTH THROUGH ADVOCACY




      SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
Reputation helps faster
                           recovery from business crises




YOU CAN STILL SHAPE AND PARTICIPATE IN THE
                            DISCUSSION.




 SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
In a transparent world, your
                           reputation is more than the
                           difference between success
                                    and failure




                 AFFECTS THE BOTTOM LINE




SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
Reputation management is not about keeping out
of the media............ it is about having a
professional media strategy and managing it
effectively through a media relationship
programme


               PLANNING COMMUNICATION
C’S OF SUCCESSFUL CXO BRANDING
Note: This presentation is based on the E-Book, “Three Steps to a Winning Personal Brand” by William Arruda of Reach Communications. (www.reachcc.com)
COMMUNICATION IS A PROCESS…
        IDENTITY                                       IMAGE                                     REPUTATION


      OBJECTIVE,                                  SUBJECTIVE,
                                                                                                   JUDGMENT
   STATIC CATEGORY                             DYNAMIC CATEGORY
Defined specific                              Establish EXO image in the                     Engage and establish
                                                                             COMMUNICATION
personality traits (part of   COMMUNICATION   public as the image of the                     relationship with
day-to-day life) of CXO                       corporation;                                   shareholders and
which matches                                 Establish positive, friendly                   stakeholders.
organization goal.                            and engaging perception
Identify visual tools                                                         EXPERIENCE
reflecting it and
communicating with
publics
every intelligent person (and quite
                                       a few unintelligent ones) will have
                                          a media platform where they
                                        share what they care about with
                                           the world. -- SETH GODIN




                   REPUTATION A CHANGING REALITY
Who you are   What you know   Who you know          Who knows you
AN APPROACH TO BEING REAL

           UNDERSTAND                                   ACT                            EVOLVE

CXO need to understand customers,    CXO need to act transparently and   To evolve, CXO must always be ready
followers and ways to handle them.   honestly                            to learn, teach, and evolve.
REPUTATION MANAGEMENT ..
                                                                                                                        REVISION AND
  COUNTDOWN                   FIRST 100 DAYS                   FIRST YEAR                TURNING POINT
                                                                                                                        REINVENTION
• Quiet period               • Opportunity –              • People, programs            • CEO has prepared            • CEO is comfortable in
• CEO plans the future         interest in new CEO          and actions in place          the organization for          his role
• Learns about country,      • Delicate balance of        • Everything may not            the future                  • He is living the
  people,                      action and listening         have been resolved          • Now it is time to             company's vision
• programs and               • Listens and learns to        or changed                    produce!                    • Complete team is
  activities                   gain the support           • Stakeholders see            • Everyone coldly               collaborating on
• Sets the stage             • Proactive in                 progress and feel the         evaluates CEO's               developing new
                               completing                   CEO is leading the            vision and actions            strategies and
                               unfinished                   company in the right        • CEO has generated             executing new tactics
                                                            direction                     personal and
                                                                                          professional capital




                          CEO Capital, A Guide to Building CEO Reputation and Company Success, Dr. Leslie Gaines-Ross, John Wiley & Sons, Inc.
WHAT DO CXO WANT FROM CUSTOMERS ?
BRAND MONITORING             Track, quantify, engage, and analyze conversations
(TALK ABOUT THEM )           Discuss CXO around a brand, competitors, and industry


                             Content and engagement spread on parameters like how
CONTENT TRACKING             far, how fast
(SPREAD CONTENT )
                             Nature of content on parameters like video, widget, article


COMMUNITY MANAGEMENT         Qualify and analyze social interaction levels , community
(ENGAGE DIRECTLY )           health, sentiment, and engagement levels
Your personal brand is the powerful, clear, positive idea that comes to mind
   whenever other people think of you. It’s what you stand for – the values, abilities
   and actions that others associate with you. It’s a professional alter ego designed
   for the purpose of influencing how others perceive you, and turning that
   perception into opportunity.
                                                                                    Peter Montoya Personal Branding Guru




                             MANAGING YOUR PERSONAL BRAND
Note: This presentation is based on the E-Book, “Three Steps to a Winning Personal Brand” by William Arruda of Reach Communications. (www.reachcc.com)
Building A Compelling
                             Personal Brand




SOCIAL MEDIA FOR REPUTATION MANAGEMENT


   Personal
                                              YOU
     Blog
Your Personal Brand is about
           understanding what is truly unique
            about you - your strengths, skills,
             values, and passions – and using
             those attributes to differentiate
                         yourself




               COMMUNICATING YOUR PERSONAL BRAND


Personal
                         Connect                  Discover   Collaborate   Publish
  Blog
OTHER COLLATERALS FOR YOUR PERSONAL BRAND
MUST HAVE TOOLS FOR PERSONAL BRANDING                          COMMUNICATE YOUR BRAND:

 • A portfolio or resume that communicates quality             • Use power tools to remodel your brand image.
 • A strong logo                                               • Be a refined individual.
 • Personalized stationary                                     • Seek out opportunities and new business.
 • Business cards                                              • Become an expert.
 • Voice mail messages                                         • Speak out, and extend the reach of your message.
 • Web sites and E-mail templates                              • Take action.
 • Print marketing materials (brochures, case studies, etc.)
Unsolved      Bad         Lost
 Bad Experience
                   Issues    Reputation   Revenue




IGNORANCE IS THROWING MONEY AWAY ..
THANKS

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Online Reputation Management for CEO

  • 2. If you lose money for the firm, I will be very understanding. If you lose reputation for the firm, I will be ruthless. Warren Buffet – Renowned businessman and philanthropist IS REPUTATION IMPORTANT?
  • 3. Reputation takes time and dedication to build, but can be lost extremely quickly with devastating results REPUTATION IS FRAGILE
  • 4. Active commitment to reputation management by top management is essential REPUTATION NEEDS INVOLVEMENT
  • 5. “In today’s world, where ideas are increasingly displacing the physical in the production of economic value, competition for REPUTATION becomes a significant driving force, propelling our economy forward.” Alan Greenspan, former chairman, Federal Reserve REPUTATION CREATES ECONOMIC VALUE
  • 6. company can lose in excess of 30 percent of its share value as a result of a highly publicized crisis (Weber Shandwick, 2007) REPUTATION IMPACTS SHARE VALUE
  • 7. 60 percent of market value is attributable to reputation (Weber Shandwick, 2006) REPUTATION INCREASES MARKET VALUE
  • 8. 1 percent reputation increase results in 3 percent increase of market value (Weber Shandwick, 2006) REPUTATION CREATES MARKET VALUE
  • 9. 2 percent reduction in negative word of mouth boosts sales growth by 1 percent London School of Economics REPUTATION IMPACTS MARKET VALUE
  • 10. 93 percent of senior executives believe that customers consider corporate reputation important or extremely important REPUTATION IS IMPORTANT – CUSTOMERS Hill and Knowlton’s Corporate Reputation Watch 2004 Survey: Some key findings (www.hillandknowlton.com)
  • 11. 79 percent of senior executives believe that investors and lenders consider Corporate Reputation either important or very important REPUTATION IS IMPORTANT – INVESTORS Hill and Knowlton’s Corporate Reputation Watch 2004 Survey: Some key findings (www.hillandknowlton.com)
  • 12. 40 percent of senior executives believed that strong corporate governance is a critical factor that potential investors consider before committing CORPORATE GOVERNANCE IS IMPORTANT Hill and Knowlton’s Corporate Reputation Watch 2004 Survey: Some key findings (www.hillandknowlton.com)
  • 13. investors are prepared to pay a 12-30 percent price premium to a good governance (McKinsey, 2002) GOOD GOVERNANCE ATTRACTS PREMIUM
  • 14. 70 percent of global corporations see increasing interest from mainstream investors in corporate citizenship CORPORATE CITIZENSHIP IS IMPORTANT
  • 15. “CEO reputation represents 65% of corporate reputation.” CEO Capital Research CEO REPUTATION IS IMPORTANT
  • 16. 9% of customers are lured away by competitors, but as many as 68% are lost by employees’ indifference. Journal of Marketing EMPLOYEE INDIFFERENCE CAN KILL BRAND
  • 17. “About 60% of all management problems are due to poor or faulty communication.” Peter Drucker COMMUNICATION IS THE KEY
  • 18. 73% of surveyed MBA students said that corporate reputation is either an "extremely" or "very" important factor when deciding where they will work Hill and Knowlton, 2007 REPUTATION FOR EMPLOYEE
  • 19. it’s about bringing your values to life ….communicate what you stand for, to all of your stakeholders! COMMUNICATION IS THE KEY – CXO
  • 20. 40 percent of my time I communicate our company’s credo Jim Burke, Johnson&Johnson CEO REPUTATION FOR CXO IS IMPORTANT
  • 21. Reputation Increases investors` interest and willingness to invest OBJECTIVE: BE PART OF THE “RECOMMENDATION CHAIN” SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
  • 22. Reputation Increases customer, consumer, client engagement and participation CHANGE: CREATING A BETTER CUSTOMER EXPERIENCE SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
  • 23. Reputation enhances employees` satisfaction and productivity IMPLICATION: SHIFTING GEAR IN SUPPORT, PRODUCT MARKETING, SALES, AND MARKETING SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
  • 24. Reputation Improves understanding and support among opinion leaders REALIZATION: SOCIAL MEDIA IS A CROSS FUNCTIONAL BUSINESS INITIATIVE – NOT A MARKETING CAMPAIGN SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
  • 25. reputation Increases customer, consumer, client preference and loyalty GOAL: BUSINESS GROWTH THROUGH ADVOCACY SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
  • 26. Reputation helps faster recovery from business crises YOU CAN STILL SHAPE AND PARTICIPATE IN THE DISCUSSION. SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
  • 27. In a transparent world, your reputation is more than the difference between success and failure AFFECTS THE BOTTOM LINE SOCIAL MEDIA FOR CXO REPUTATION MANAGEMENT
  • 28. Reputation management is not about keeping out of the media............ it is about having a professional media strategy and managing it effectively through a media relationship programme PLANNING COMMUNICATION
  • 29. C’S OF SUCCESSFUL CXO BRANDING Note: This presentation is based on the E-Book, “Three Steps to a Winning Personal Brand” by William Arruda of Reach Communications. (www.reachcc.com)
  • 30. COMMUNICATION IS A PROCESS… IDENTITY IMAGE REPUTATION OBJECTIVE, SUBJECTIVE, JUDGMENT STATIC CATEGORY DYNAMIC CATEGORY Defined specific Establish EXO image in the Engage and establish COMMUNICATION personality traits (part of COMMUNICATION public as the image of the relationship with day-to-day life) of CXO corporation; shareholders and which matches Establish positive, friendly stakeholders. organization goal. and engaging perception Identify visual tools EXPERIENCE reflecting it and communicating with publics
  • 31. every intelligent person (and quite a few unintelligent ones) will have a media platform where they share what they care about with the world. -- SETH GODIN REPUTATION A CHANGING REALITY Who you are What you know Who you know Who knows you
  • 32. AN APPROACH TO BEING REAL UNDERSTAND ACT EVOLVE CXO need to understand customers, CXO need to act transparently and To evolve, CXO must always be ready followers and ways to handle them. honestly to learn, teach, and evolve.
  • 33. REPUTATION MANAGEMENT .. REVISION AND COUNTDOWN FIRST 100 DAYS FIRST YEAR TURNING POINT REINVENTION • Quiet period • Opportunity – • People, programs • CEO has prepared • CEO is comfortable in • CEO plans the future interest in new CEO and actions in place the organization for his role • Learns about country, • Delicate balance of • Everything may not the future • He is living the people, action and listening have been resolved • Now it is time to company's vision • programs and • Listens and learns to or changed produce! • Complete team is activities gain the support • Stakeholders see • Everyone coldly collaborating on • Sets the stage • Proactive in progress and feel the evaluates CEO's developing new completing CEO is leading the vision and actions strategies and unfinished company in the right • CEO has generated executing new tactics direction personal and professional capital CEO Capital, A Guide to Building CEO Reputation and Company Success, Dr. Leslie Gaines-Ross, John Wiley & Sons, Inc.
  • 34. WHAT DO CXO WANT FROM CUSTOMERS ? BRAND MONITORING Track, quantify, engage, and analyze conversations (TALK ABOUT THEM ) Discuss CXO around a brand, competitors, and industry Content and engagement spread on parameters like how CONTENT TRACKING far, how fast (SPREAD CONTENT ) Nature of content on parameters like video, widget, article COMMUNITY MANAGEMENT Qualify and analyze social interaction levels , community (ENGAGE DIRECTLY ) health, sentiment, and engagement levels
  • 35. Your personal brand is the powerful, clear, positive idea that comes to mind whenever other people think of you. It’s what you stand for – the values, abilities and actions that others associate with you. It’s a professional alter ego designed for the purpose of influencing how others perceive you, and turning that perception into opportunity. Peter Montoya Personal Branding Guru MANAGING YOUR PERSONAL BRAND Note: This presentation is based on the E-Book, “Three Steps to a Winning Personal Brand” by William Arruda of Reach Communications. (www.reachcc.com)
  • 36. Building A Compelling Personal Brand SOCIAL MEDIA FOR REPUTATION MANAGEMENT Personal YOU Blog
  • 37. Your Personal Brand is about understanding what is truly unique about you - your strengths, skills, values, and passions – and using those attributes to differentiate yourself COMMUNICATING YOUR PERSONAL BRAND Personal Connect Discover Collaborate Publish Blog
  • 38. OTHER COLLATERALS FOR YOUR PERSONAL BRAND MUST HAVE TOOLS FOR PERSONAL BRANDING COMMUNICATE YOUR BRAND: • A portfolio or resume that communicates quality • Use power tools to remodel your brand image. • A strong logo • Be a refined individual. • Personalized stationary • Seek out opportunities and new business. • Business cards • Become an expert. • Voice mail messages • Speak out, and extend the reach of your message. • Web sites and E-mail templates • Take action. • Print marketing materials (brochures, case studies, etc.)
  • 39. Unsolved Bad Lost Bad Experience Issues Reputation Revenue IGNORANCE IS THROWING MONEY AWAY ..