Managing your internet reputation is an an important and often overlooked asset to your business. What other people are thinking and saying of your business, your services and your products are crucial to the livelihood of your business.
We will work to protect, sustain and maintain your online reputation by way of reports and services that are tailored to your specified industry needs and requirements. It is vital to your reputation to make sure that all grounds are covered, ensuring minimal negative “talk” online and maximum positivity in reference to your business. With the use of the Better Business Bureau, Yelp, review boards and customer forums, maintaining and keeping a look out for anything that could be potentially damaging to your brand’s reputation is critical.
Content Marketing (Off-Site Blog & Article Posting) Blogging or writing on third-party sites as a guest blogger or article contributor can be deemed as a potential penalty by Google as per their ever-changing algorithms. To avoid this, Google prefers and recommends only blogging and writing articles for and on Google assets (i.e. Blogger). Not only does this streamline the content and information available online by and for your business, but it also creates authority on a cross-platform level, further engaging your existing and prospective customer base.
Google scans and prioritizes it’s own assets so it is vital to the success of your business that you incorporate blogging and article writing into your business campaign regimen. Also, it is important to note that you can link your off-site blog posts and articles to your Google+ account for additional rankings with Google.
Improving Online Reputation through Positive CSR
Some areas of corporate culture have begun to embrace a philosophy that balances the pursuit of profit with a commitment to ethical conduct. Google’s slogan sums up the idea of corporate social responsibility (CSR) nicely: “Don’t be evil.”
CSR refers to the voluntary activities undertaken by a company to operate in an economic, social and environmentally sustainable manner.
Your business can mitigate the financial impact of potential negative publicity through strategic social investments, following a corporate social responsibility (CSR) business model. CSR is a path to brand reputation management, building a reservoir of goodwill, insuring against a negative public image.
While building trust and positive recommendations from consumers, companies with good corporate social responsibility will also offer protection for their overall reputation. Research indicates that with strong corporate social responsibility comes a buffer against scandals and better resilience against negative actions or information. But perhaps more importantly, it creates a reputation of a reliable and honest company, which is valuable both in marketing and PR, as well as navigating scandals and issues.
John Poleza (Associate Professor at the University of Kentucky) aims to study CSR’s capacity to be leveraged to provide benefits and mitigate harm, and how CSR (corporate support of for charities and social causes) can protect company reputation and finances.
Researchers at the University of California, Berkeley performed an analysis of stock price responses for S&P 500 companies after product recalls. The research found that firms with better corporate social responsibility ratings maintained better stock prices than firms that did not have a more positive corporate social responsibility rating. And ultimately, companies that are able to do good in an exceptional manner, as well as avoid harm, will suffer virtually no reputational damage following adverse events.
CSR insures the Bottom Line
Three factors can be identified to allow for CSR to be leveraged for social insurance: high effort and commitment, modesty in promoting CSR, and support for causes relevant to a firm’s core business strategy.
- Developing long-term, high effort, and committed relationships with social causes: Use employee volunteer programs, product donations, and advocacy support. These strategies help build firm reputation, maintain sales, and gain customer goodwill and third party promotion.
- Modesty in promoting CSR to gain customer goodwill and third party promotion: Leading brands such as Citibank, 3M and GE value discreet support for social causes. Tobacco giant Phillip Morris was criticized for spending more on promoting its charitable donations than it donates, and for insincerity in airing its own anti-smoking campaign.
- Choose social initiatives that fit with your business strategy: Stakeholders see actions as less self-serving when firms make contributions in areas of expertise rather than donating to generic causes. For example, Home Depot provides money, volunteers, and products to help the non-profit KABOOM! build playgrounds for inner city children.
Poleza finds that following the riots surrounding the 1999 WTO meetings in Seattle, companies perceived to have weak CSR suffered stock declines twice the size of firms with perceived higher CSR.
Investment in CSR is justified in the insurance that it provides, even in the event that no negative publicity occurs, and the relationship between CSR and financial performance is neutral.
With higher corporate social responsibility, more supportive consumer behavior is delivered. With an excellent corporate social responsibility reputation, companies enjoy these benefits according to the Reputation Institute:
- 89% would recommend the company to others
- 91% would say something positive about the company
- 90% would trust the company to do the right thing
- 89% would buy the company’s products and/or services
According to the Reputation Institute, 89% of consumers are willing to recommend companies with excellent CSR RepTrak scores — but only 6% would recommend companies with poor scores.
Corporate social responsibility is a good thing, not just for the environment, society, and the world at large, but for your company’s reputation. Companies that practice good corporate social responsibility stand to gain great value in reputation, including trust, more willing recommendations, a buffer against scandals and other reputation busters, as well as a greater likelihood for consumers to use their products and services. And as consumers, employees, and other stakeholders continue to place more importance on social and environmental causes, it will only become more important to develop a good corporate social responsibility reputation.