Image, Reputation and Why Both Should Matter to Leadership

Every day and in
one way or the other, sane individuals are saddled with the responsibility of
managing image and reputation. It has become more relevant in the days where
dynamics in business operating environment require knowledge of brand equity to
analyse trends, project growth opportunities and make strategic business
decisions. This is where the synergy
between corporate image and reputation is brought to the fore. For
practitioners responsible for reputation management, it is important to know
what both are and how these can be used to build values that last. To the grey
horn, both are the same. To the professional, it is so much more…
Corporate
Image and Reputation (I & R)
Image is the mental imagery the different stakeholders
have about an enterprise. It has a strong link with perception which could be
positive, indifferent (or neutral) or negative. Corporate image is built
internally and can be built within a short period of time. It is mostly
concerned with ‘who do we want our stakeholders to think we are’?
Reputation - on the other hand, refers to the overall
value decree about an enterprise. This can also be positive, indifferent (or
neutral) and in other cases, negative. Unlike corporate image, it has its roots
from inside and outside an organisation. Corporate reputation evolves over time
and is gleaned from experiences, interactions and memories. Reputation should
answer the question ‘who are we seen to be’?
Though it looks like a thin line between both image and
reputation (I & R), both have a lot of similarities. Let us take a look at the two most
critical matters:
i.
Culture
Culture is
the behaviour of the organisation and this is further transferred into underlying
elements such as style and systems. It is usually concerned with ‘how we do
things here’ and ‘what is permissible or not’. Norms, beliefs, traditions and
customs are displayed in the culture of an enterprise. This is evident in the
touch points and ‘reactions ‘ to material issues that affect the company.
Culture
remains one of the strongest elements for building a good (or bad) reputation. To fix a bad reputation, I recommend that you
begin with culture.
ii.
Leadership
Leadership
displays the overall tone of the organisation. In what I would refer to as the
3Vs – Vision, Values and Voice, the leadership of an enterprise whether by omission
or commission strengthen an enterprise’s image and overall perception.
Vision: What
kind of enterprise are we building and where do we want to get to?
Values: What
behaviours guide and support our vision?
Voice: What and
how does Leadership say what they say? These are displayed either expressly,
deliberately or indeliberately that either reinforces or erodes what our vision
and values project
What
Leadership says or does has an impact on
corporate reputation
I
& R: Here’s Why It Matters…
1.
Good image and reputation (I & R) improves
perception of quality of an enterprise’s products, services and causes. You
know what this means? It translates into top of mind awareness, helps purchase
decision making thus translating into purchases and ultimately revenue.
2.
Good I & R can be a strong
differentiator. It attracts investors and improves the overall equity for an
enterprise.
3.
I & R also improve employee engagement
and productivity. The ‘feel good’ factor of good I & R is almost
invaluable.
4.
HR Professionals and I (and maybe you) know that it is relevant for hiring and retaining good talent.
5.
I & R is helpful during corporate
experiences that can erode corporate value such as during crisis or attacks. It
is easier for enterprises that have good I & R to almost ‘snap” out of
those situations given the right strategies and approach.
What do you
say?
What do you
do?
How do you do
it?
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Tilloppss
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