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- W4232181276 abstract "Decades need not pass before lost reputations are restored. Business decision makers estimate that, when recovery is properly managed, approximately three and a half years are required for a company to rebuild its damaged reputation. Some leaders might flinch at the thought of facing impatient and often judgmental boards, shareholders, analysts, journalists, customers, and employees for as long as four years. Reputation may be lost in a flash, but recovery takes time. Once stakeholders view a reputation as having been seriously diminished, pessimism sets in. Stakeholders cling to a negativism that takes time to overcome. Although reputation erosion is usually the result of more than one person's failure, the loss is rarely shared. In some cases it can reach the senior management team; however, the blame for reputation loss usually lands at the threshold of the CEO's office door. Reputation damage exacts a tremendous price from a company in terms of profitability, share price, employee attraction and retention, and competitive position." @default.
- W4232181276 created "2022-05-12" @default.
- W4232181276 date "2012-01-02" @default.
- W4232181276 modified "2023-09-23" @default.
- W4232181276 title "Second Acts" @default.
- W4232181276 doi "https://doi.org/10.1002/9781119203506.ch3" @default.
- W4232181276 hasPublicationYear "2012" @default.
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