Building Reputational Capital: Strategies for Integrity and Fair Play that Improve the Bottom LineIn the aftermath of scandals such as those at Enron and WorldCom, there is a growing suspicion of the corporate world. For this reason it is more important than ever for firms to maintain a good reputation. In Building Reputational Capital, Kevin T. Jackson offers a practical guide to taking the high road--the only path that leads to lasting success. Based on extensive research and real-world experience, Building Reputational Capital reveals basic principles of integrity and fairness with which firms can build an enduring reputation. More than image, a firm's reputation is a form of capital often neglected in the boardroom and overlooked in conventional analyses of financial statements. Speaking directly to the work experience of real people in practical business settings, Jackson couples each principle with straightforward actions that drive management systems, and he provides tested strategies--from downsizing techniques to e-commerce tips--that cultivate the hidden power of a good reputation. He outlines the advantages of a superior reputation (simply put, people want to work for, invest in, and do business with a company or person with integrity), describes the vital role the firm's leader must play, offers ways to build and protect your reputation on the Internet (from defusing Internet rumors to creating an online community), and shows how to rescue your reputation once disaster hits. Perhaps most important, he shows how to strike the right balance of virtues like authenticity, honesty, responsibility, and stewardship of the environment, employees, and the economy. Highlighted with real-life success stories--from giants like Hewlett-Packard to small firms like Thanksgiving Coffee Company (which invests part of its revenues in the Central American villages in which its beans are grown), Building Reputational Capital offers a simple but effective guide for executives, managers, entrepreneurs, legal professionals, and corporate consultants. |
Contents
The Economics of Character and Credibility | 1 |
I What Is Reputational Capital? | 17 |
II How to Build and Sustain Reputational Capital | 101 |
Conclusion | 195 |
Notes | 199 |
211 | |
219 | |
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Common terms and phrases
accounting Arthur Andersen associates behavior bottom line brand Bridgestone building reputational capital Business Ethics character clients Columbia/HCA com company’s reputation competitive compliance con conduct consumers contracts cor corporate reputation corporate social responsibility corporation’s costs court of key court of public create credibility culture customers decisions economic employees Enron environmental ethics programs executives fair play financial performance firm’s reputation funds global Global Crossing goodwill Harvard Business School human rights impact intangible integrity and fair investors Ivermectin Jack Welch key constituencies leaders long-term managers million MNCs moral multinational n/a n/a n/a Nigeria Nike Ogoni operations organization paradigm payoff percent practices pro problems profits relationships rep scandals shareholders Shell socially responsible investing stakeholders standards stock price strategies suppliers Tao Te Ching there’s today’s trust Wal-Mart wealth what’s WorldCom Yes No n/a Zeta firms