Current external image and it’s reflection
Our current external image is deeply intertwined with our identity and activities that we are doing. Specifically advocating and protecting free flowing rivers, pristine and wild ecosystems, which are located mostly in the Green Belt Europe areas like Balkan and Mediterranean countries. However, on projects from those regions the media might report less (Südkurier, 2017), therefore we are not as well-known among stakeholders in the Silberlauf region and Germany overall, which might hinder our intended future activities.
Our current intended external image shows our key differentiators and defined by following:
Focus on long-term systemic restoration and lobbying projects of wildlife ecosystems with highest environmental protection standards. This is illustrated by our projects on river dams preventions, and benchmarking through EcoNatur Annual Award for most effective nature conservation efforts Cross-border collaboration facilitation which is done via Green belt Europe conservation, Green corridors in Europe projects Engaging and empowering local communities through volunteering opportunities and involvement in participatory decision making Education and environmental awareness creation among the public fostering connection of people to Europe’s ecosystems through our annual European Union competition on nature photography Do More Good_ Moving Nonprofits from Good to Growth -- Bill McKendry, Kathleen Sindorf -- United States, 2022 -- Forefront Books -- 9781637630396 -- 447f9fd1ca40d4c154c5e10f0cd28379 -- Anna’s Archive.pdf
p.161
Oxford reputation handbook
Connecting Corporate Branding and Reputation in Practice
The Novo Nordisk data also reflect differences in the company’s managerial practices related to corporate branding and reputation (as illustrated in Table 21.1), as the strategic focus on corporate branding sparked the development of new management practices, initiated in part to influence the company’s corporate reputation. Thus, while corporate branding and reputation are separated conceptually, we argue that they come together in practice, as the same practices have direct and indirect influences on both phenom- ena. In comparison with the marketing and co-creation perspectives, we realize that our position as part of the organizational perspective focused our empirical attention on how the company was seeking to manage its brand and its concern with the links between brand and reputation. Obviously, it is not a one-way relationship from brand to reputation, as practices seeking to influence corporate reputation, for example via media coverage and third party endorsement, also have significant implications for the corpo- rate brand, just as the current reputation when initiating corporate branding contextu- alizes such effort. This was the case for Novo Nordisk when the tarnished reputation for many pharmaceuticals motivated the development of “leading the fight against diabe- tes” as the strategic aspiration for the company’s brand. Here we focus on how corporate branding has become a significant organization-driven attempt to influence reputation, as corporate branding entails a wide range of expressive practices (Schultz, Hatch, & Larsen, 2000).
In Figure 21.2 we illustrate the broad range of management practices, drawing upon the analytical framework for corporate branding developed by Hatch & Schultz (see the second summary table at the end of this chapter) and arguing that alignment between strategic vision, organizational culture, and stakeholder images supports corporate brand building based in identity. Here, identity, comprising the central idea, core values, and their cognitive, emotional, and aesthetic expressions, is translated into the concep- tual platform for the corporate brand.
Figure 21.2 illustrates how corporate brand management entails different kinds of practices directed at multiple stakeholders and reflecting their roles and needs. The thick arrows indicate that all practices can impact corporate reputation, whereas the thin arrows remind us that corporate reputation both contextualizes and bounces back to corporate branding, particularly over time. Figure 21.3 uses the same framework to pro- vide an overview of corporate brand management practices from Novo Nordisk, as dis- cussed earlier. The differences between the figures indicates the strong alignment of Novo Nordisk’s corporate branding practices, that is, the extent to which these practices coherently express the identity for the brand. Whereas the arrows between vision, cul- ture, and image in Figure 21.2 pose questions about alignment, Figure 21.3 illustrates how the managerial practices undertaken in Novo Nordisk were aligned through being based in the idea of “Changing Diabetes.” The brand management practices in Figure 21.2 are labeled according to their typical intentions. Top management is most often directing the strategic aspiration for the brand in relation to the overall strategy and goal- setting, such as the use of Balanced Scorecard in Novo Nordisk to create company-wide
436 majken schultz, mary jo hatch, & nick adams
p o r a t e
C o r
a
t
i
o
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Organizational Culture:
Practices directed at
ENGAGING employees
Stakeholder Images: Practices directed at CONVINCING external stakeholders
Alignment?
R
e
p
u
t
Strategic Vision: Practices DIRECTING brand aspirations
Identity:
Practices COMMUNICATING Corporate Brand Platform
Alignment?
Alignment?
figure21.2 Corporatebrandmanagementpracticesinfluencingcorporatereputation.
targets for brand goal and reputation tracking for senior managers. Having been crafted through a variety of organizational processes, such as listening to perceptions from employees and key stakeholders, a corporate platform is communicated to internal and external stakeholders. Such communication processes, such as responsibility for the branding unit to develop and implement the Novo Nordisk brand house(s) over time, are typically supported by the functional units, boards, and taskforces responsible for corporate branding. Often practices seeking to engage employees precede the develop- ment of practices toward external stakeholders, as employees are needed as ambassa- dors and active contributors to the brand execution, for example, implementing how “Changing Diabetes” is turned into specific action plans in local markets. As opposed to the marketing of product brands, the managerial practices directed at external stake- holders aim to convince external stakeholders to participate actively in the co-creation of the corporate brand rather than seducing them to buy a specific product. As illus- trated by Novo Nordisk, branding practices are either deliberately co-created with
managing corporate reputation through corporate branding 437
p o r a t e
C o r
a
t
i
o
n
Changing
Internal brand
Diabetes
programmers
Action Plans
Sales Training
Employer Brand
R
e
p
u
t
Set direction for brand of becoming a recognized global leader in the fight against diabetes. Follow up
Balanced Scorecard & governance
Communicate: Changing Diabetes –Brand House –Tool-box
Young Voices World Diabetes World Tour Day UN Resolution Congress Branding
figure21.3 CorporatebrandmanagementpracticesatNovoNordisk.
external stakeholders (e.g., Young Voices and UN Resolution) or invite stakeholders to participate in the ongoing development of the central idea of the brand (e.g., World Tour).
As indicated by our data, there is reason to believe that the combined outcome of these brand management practices have influenced the corporate reputation of Novo Nordisk in a positive direction. However, in their effort to influence the corporate brand, the managers of Novo Nordisk have also taken part in the processes they intended to influence, as when they joined activities already in the making within the global diabe- tes community, such as the push for a UN resolution. Here, the reputation of the com- pany may have helped to attract diabetics and NGOs to participate in the brand development. Also, the corporate branding team used the brand house to highlight and support activities already taking place locally, thereby enhancing the co-creation of the brand between employees and external stakeholders. Thus, alignment between the differ- ent corporate brand management practices may foster positive synergies between brand
438 majken schultz, mary jo hatch, & nick adams
and reputation, as engaged employees are motivated to listen and respond to stakehold- ers attracted to the central brand idea. In the best situations, internal and external stake- holders together produce outcomes that are even more influential and innovative than expectations, such as the small idea of driving a bus around the world that turned into the “Changing Diabetes World Tour.”
Deliberate attempts to manage a corporate brand can also develop in a negative direc- tion. This may occur if the management practices are misaligned, for example, if there is no connection between the communication to internal and external stakeholders, or if a top management creates expectations that are not aligned with employee behavior and competences. As a consequence the company can lose its credibility and eventually cre- ate mistrust among stakeholders, damaging the corporate reputation. Also, the brand’s influence on reputation is contextualized by the branding efforts by competitors and interpretations of those efforts by third parties. If competitors take advantage of positive synergies, as described above, then a company’s reputation can suffer even greater ero- sion by unflattering comparisons. In conclusion, formal brand management practices may well work best when they complement rather than try to control existing forces at work among the stakeholders of a company. That is to say that neither corporate brand- ing nor reputation “belong” exclusively to an organization, even though they swirl around and interpenetrate them.Connecting Corporate Branding and Reputation in Practice
The Novo Nordisk data also reflect differences in the company’s managerial practices related to corporate branding and reputation (as illustrated in Table 21.1), as the strategic focus on corporate branding sparked the development of new management practices, initiated in part to influence the company’s corporate reputation. Thus, while corporate branding and reputation are separated conceptually, we argue that they come together in practice, as the same practices have direct and indirect influences on both phenom- ena. In comparison with the marketing and co-creation perspectives, we realize that our position as part of the organizational perspective focused our empirical attention on how the company was seeking to manage its brand and its concern with the links between brand and reputation. Obviously, it is not a one-way relationship from brand to reputation, as practices seeking to influence corporate reputation, for example via media coverage and third party endorsement, also have significant implications for the corpo- rate brand, just as the current reputation when initiating corporate branding contextu- alizes such effort. This was the case for Novo Nordisk when the tarnished reputation for many pharmaceuticals motivated the development of “leading the fight against diabe- tes” as the strategic aspiration for the company’s brand. Here we focus on how corporate branding has become a significant organization-driven attempt to influence reputation, as corporate branding entails a wide range of expressive practices (Schultz, Hatch, & Larsen, 2000).
In Figure 21.2 we illustrate the broad range of management practices, drawing upon the analytical framework for corporate branding developed by Hatch & Schultz (see the second summary table at the end of this chapter) and arguing that alignment between strategic vision, organizational culture, and stakeholder images supports corporate brand building based in identity. Here, identity, comprising the central idea, core values, and their cognitive, emotional, and aesthetic expressions, is translated into the concep- tual platform for the corporate brand.
Figure 21.2 illustrates how corporate brand management entails different kinds of practices directed at multiple stakeholders and reflecting their roles and needs. The thick arrows indicate that all practices can impact corporate reputation, whereas the thin arrows remind us that corporate reputation both contextualizes and bounces back to corporate branding, particularly over time. Figure 21.3 uses the same framework to pro- vide an overview of corporate brand management practices from Novo Nordisk, as dis- cussed earlier. The differences between the figures indicates the strong alignment of Novo Nordisk’s corporate branding practices, that is, the extent to which these practices coherently express the identity for the brand. Whereas the arrows between vision, cul- ture, and image in Figure 21.2 pose questions about alignment, Figure 21.3 illustrates how the managerial practices undertaken in Novo Nordisk were aligned through being based in the idea of “Changing Diabetes.” The brand management practices in Figure 21.2 are labeled according to their typical intentions. Top management is most often directing the strategic aspiration for the brand in relation to the overall strategy and goal- setting, such as the use of Balanced Scorecard in Novo Nordisk to create company-wide
436 majken schultz, mary jo hatch, & nick adams
p o r a t e
C o r
a
t
i
o
n
Organizational Culture:
Practices directed at
ENGAGING employees
Stakeholder Images: Practices directed at CONVINCING external stakeholders
Alignment?
R
e
p
u
t
Strategic Vision: Practices DIRECTING brand aspirations
Identity:
Practices COMMUNICATING Corporate Brand Platform
Alignment?
Alignment?
figure21.2 Corporatebrandmanagementpracticesinfluencingcorporatereputation.
targets for brand goal and reputation tracking for senior managers. Having been crafted through a variety of organizational processes, such as listening to perceptions from employees and key stakeholders, a corporate platform is communicated to internal and external stakeholders. Such communication processes, such as responsibility for the branding unit to develop and implement the Novo Nordisk brand house(s) over time, are typically supported by the functional units, boards, and taskforces responsible for corporate branding. Often practices seeking to engage employees precede the develop- ment of practices toward external stakeholders, as employees are needed as ambassa- dors and active contributors to the brand execution, for example, implementing how “Changing Diabetes” is turned into specific action plans in local markets. As opposed to the marketing of product brands, the managerial practices directed at external stake- holders aim to convince external stakeholders to participate actively in the co-creation of the corporate brand rather than seducing them to buy a specific product. As illus- trated by Novo Nordisk, branding practices are either deliberately co-created with
managing corporate reputation through corporate branding 437
p o r a t e
C o r
a
t
i
o
n
Changing
Internal brand
Diabetes
programmers
Action Plans
Sales Training
Employer Brand
R
e
p
u
t
Set direction for brand of becoming a recognized global leader in the fight against diabetes. Follow up
Balanced Scorecard & governance
Communicate: Changing Diabetes –Brand House –Tool-box
Young Voices World Diabetes World Tour Day UN Resolution Congress Branding
figure21.3 CorporatebrandmanagementpracticesatNovoNordisk.
external stakeholders (e.g., Young Voices and UN Resolution) or invite stakeholders to participate in the ongoing development of the central idea of the brand (e.g., World Tour).
As indicated by our data, there is reason to believe that the combined outcome of these brand management practices have influenced the corporate reputation of Novo Nordisk in a positive direction. However, in their effort to influence the corporate brand, the managers of Novo Nordisk have also taken part in the processes they intended to influence, as when they joined activities already in the making within the global diabe- tes community, such as the push for a UN resolution. Here, the reputation of the com- pany may have helped to attract diabetics and NGOs to participate in the brand development. Also, the corporate branding team used the brand house to highlight and support activities already taking place locally, thereby enhancing the co-creation of the brand between employees and external stakeholders. Thus, alignment between the differ- ent corporate brand management practices may foster positive synergies between brand
438 majken schultz, mary jo hatch, & nick adams
and reputation, as engaged employees are motivated to listen and respond to stakehold- ers attracted to the central brand idea. In the best situations, internal and external stake- holders together produce outcomes that are even more influential and innovative than expectations, such as the small idea of driving a bus around the world that turned into the “Changing Diabetes World Tour.”
Deliberate attempts to manage a corporate brand can also develop in a negative direc- tion. This may occur if the management practices are misaligned, for example, if there is no connection between the communication to internal and external stakeholders, or if a top management creates expectations that are not aligned with employee behavior and competences. As a consequence the company can lose its credibility and eventually cre- ate mistrust among stakeholders, damaging the corporate reputation. Also, the brand’s influence on reputation is contextualized by the branding efforts by competitors and interpretations of those efforts by third parties. If competitors take advantage of positive synergies, as described above, then a company’s reputation can suffer even greater ero- sion by unflattering comparisons. In conclusion, formal brand management practices may well work best when they complement rather than try to control existing forces at work among the stakeholders of a company. That is to say that neither corporate brand- ing nor reputation “belong” exclusively to an organization, even though they swirl around and interpenetrate them.
Image and Reputation
This introduction of individual-level identities and their role in stakeholders’ percep- tions and expectations of the organization allows us to make a distinction between
an identity-based view of reputation 191
image and reputation. As noted, there is considerable confusion and lack of clarity in the literature on the concept of organizational image. Scholars have framed this in a variety of ways with a corresponding array of terms: desired, intended, projected, perceived, reflected, construed, and so on (see Brown et al., 2006; Price, Gioia, & Corley, 2008; Whetten & Mackey, 2002). We focus here on what we will refer to as projected (or intended) and perceived image.
To summarize our discussion above, projected image consists of the symbols and messages sent by an organization to external stakeholders as indicators of its identity, and perceived image consists of the impressions that those stakeholders then form of the organization. To the degree that these perceptions are then publically expressed by stakeholders, they take the form of reflected images—outsiders’ impressions that are mirrored back to the organization. As such, it becomes difficult to make a distinction between “perceived” and “reflected” images, and our subsequent discussion treats the two as essentially equivalent, referred to hereafter as perceived image.2
Reputation has often been defined or employed in a similar manner to perceived image, and therefore the two constructs are often confused with one another or simply seen as coequal terms (Brown et al., 2006; Whetten & Mackey, 2002). However, our framework provides a means of distinguishing between the two, as well as clarifying the relationship between these concepts and projected image. Recall that reputation is a comparative and evaluative construct. That is, more than just how external constitu- ents “see” the organization, reputation consists of stakeholders’ assessments of the organization, based on comparisons of their perceptions and expectations of that organization.
In contrast to reputation, the concept of perceived image captures a given external constituent’s observations and impressions of the organization—thus closely related to the “perceptions” part of reputation. Given that they are situated in and particular to the individual external observer, there may be significant variance in perceived/ reflected images. Projected image, meanwhile, is an externally directed indication of the organization’s desired or intended identity. This form of image represents an inter- nally generated message, uniform or consistent across the organization, designed to inform outsiders of how the organization wishes to be defined. These desired definitions include descriptive statements about the organization’s roles and categorizations—emphasizing points of differentiation or distinctiveness. As such, they signal to stakeholders certain organization-preferred “expectations.” Said another way, projected image is “how we want external constituents to see us and what we want them to expect from us”; while perceived image is then “how outsiders actually see us” (cf. Brown et al., 2006; Hatch & Schultz, 2002; Pratt & Foreman, 2000b; Price, Gioia, & Corley, 2008).
2 Construed image, or insiders’ beliefs about how external constituents view the organization, is an altogether different construct, involving the views of both insiders and outsiders (Brown et al., 2006; Price, Gioia, & Corley, 2008). Because this form of image is less likely to be confused with reputation, we do not include it in our framework.
Organizational Image
More than any of the other concepts discussed here, organizational image suffers from extreme definitional plurality. The term “image” refers to an array of distinct (even incompatible) cognitions or cognitive devices. As others have noted (Brown et al., 2006; Cornelissen, Haslam, & Balmer, 2007; Price, Gioia, & Corley, 2008; Whetten & Mackey, 2002), there are three main ways in which the concept has been framed: (1) how insiders want outsiders to see the organization—intended or projected image; (2) how outsiders actually view the organization—refracted or perceived image; and (3) insiders’ perceptions about how outsiders view the organization—construed or reflected image.
Scholars conceptualizing image as a projection focus on messages sent out from the organization regarding how they want to be viewed externally. These images are often intentional, even strategically crafted, and are typically reflections of the organization’s actual identity—a projection or expression of the self-view. Scholars have varyingly framed this as corporate identity, corporate image, desired external image, or desired future identity (Cornelissen, Haslam, & Balmer, 2007; Gioia & Thomas, 1996; Scott & Lane, 2000). It is important to note that this notion of image is most closely related to organizational identity.
Alternatively, researchers employing the notion of image as a perception (or collection of perceptions) are concerned with the impressions that outsiders have of the organiza- tion. In this sense, image represents the externally perceived self-view, or the other-view. Given that what external audiences perceive about the organization is often filtered through third parties (especially the media), these images are frequently distorted, in a sense “refracted”—not entirely accurate (Dukerich & Carter, 2000; Foreman & Parent, 2008). These stakeholder perceptions of the organization have been labeled as identity impressions, corporate image, intercepted image, and reputation (Dutton & Dukerich, 1991; Hatch & Schultz, 2002; Price, Gioia, & Corley, 2008). More so than the other con- ceptualizations of image noted here, this external perception-oriented notion is what is most frequently meant by the term “organizational image.”
Finally, scholars framing image as a reflection or construal concentrate on external stakeholders’ mirrored perceptions of the organization—and internal members’ inter- pretations of those external assessments (Dutton, Dukerich, & Harquail, 1994; Hatch & Schultz, 2002; Scott & Lane, 2000). The key issue emphasized here is the degree to which outsiders’ perceptions of the organization are consistent with those of internal members (Dutton & Dukerich, 1991; Elsbach & Kramer, 1996).
Reputation
Reputation is a multidimensional construct that encapsulates how different audiences—such as the general public, customers, investors, or the media—evaluate an organization based on their collective perceptions. These evaluations are influenced by a combination of rational, emotional, and moral dimensions, making reputation a complex, socio-cognitive process that affects how organizations are perceived and treated within their markets
Organisational external/public image
Intended corporate image
Intended Corporate Image
How the firm wants external parties to see it
Construed Corporate Image
Construed Corporate Image
How the firm believes external parties see it
Evaluate
Construed Corporate Image
How the firm believes external parties see it
Influence organisational reputation
Influencing organizational reputation through several elements
Media & Industry Opinion Leaders Regulators
Investment Community
Labor Markets
Media & Industry Opinion Leaders Corporate Philanthropy & Sponsorships Local Communities & General Populations
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Corporate Philanthropy & Sponsorships Invester Confidence
Financial Bottom Line Social&Environmental Bottom Line Employer Reputation
Regulatory Compliance
Greenwashing
Aides muscle recovery
Types of greenwashing
▪ Selective Disclosure: Highlighting only positive information while omitting negatives
▪ Empty Claims: Making promises that cannot be fulfilled
▪ Omission or Lack of Disclosure: Not disclosing relevant details
▪ Vagueness or Ambiguity: Making unclear or non-specific claims
▪ Inconsistency: Contradictions between marketing and official documents
▪ Incomparability: Lacking meaningful comparisons or benchmarks
▪ Deception: Using misleading visuals or terms to create false impressions
▪ Irrelevance, Outdated Information, and Outright Lies: Claims that sound positive but have no real environmental impact
Case - Fiji water, econolial investements vs. greenwashing
Organisational evolution
what we can transfer from the case to our project?
Information regarding external image or corporate image can be found in the following sources:
•
"All slides in class sessions + case studies?.pdf"
◦
Page: This page introduces the concepts of intended corporate image, construed corporate image and the actual perception of an organisation by external stakeholders. It presents the idea that the media can play a key role in constructing and reflecting the external image of an organisation.
◦
Page: This page explains that an organisation's reputation is influenced by its sustainability practices, transparency and responsible governance, and that this impacts how stakeholders perceive the company.
◦
Page: This page notes that misleading claims and selective information, otherwise known as greenwashing, can damage a company’s reputation and erode public trust.
•
"All video lectures transcripts.pdf"
◦
Pages: These pages state that for every organisation, the external image is very important and that a ruined reputation is very hard to rebuild. They also state that the media plays a key role in constructing and reflecting the external image of an organisation.
•
Page: This page explains that a company's reputation is a multidimensional construct that includes rational, emotional, and moral dimensions, as well as opinions about an organization. It is seen as a collective evaluation of an organization, meaning there is a more or less common understanding among people about the organization.
•
Page: This page defines corporate reputation as the collective external perception of an organisation. It highlights that an organisation has an idea of how it wants to be perceived and sends out messages to build and maintain a certain public image. However, external sources also influence how the organisation is perceived. * Page: This page describes how the public image of a company is enhanced by corporate philanthropy, and that this can help attract customers, employees and investors who value social responsibility.
•
"My organizational management lectures and notes.pdf"
◦
Page: This page introduces the concepts of intended corporate image, construed corporate image and the actual perception of an organisation by external stakeholders.
◦
Page: This page states that an organisation's reputation is influenced by its sustainability practices, transparency and responsible governance, and that this impacts how stakeholders perceive the company.
◦
Page: This page indicates that an organisation can damage its reputation through greenwashing, which involves misleading stakeholders about actual environmental performance. It lists forms of greenwashing, including selective disclosure, inconsistency, incomparability, deception, irrelevance and outright lies.
•
Page: This page defines corporate reputation as a multi-dimensional construct that includes rational, emotional and moral dimensions.
•
Page: This page states that a company’s public image is enhanced through corporate philanthropy and that this attracts customers, employees and investors who value social responsibility.
Key Concepts of External or Corporate Image:
•
Definition: The external or corporate image refers to how an organisation is perceived by the outside world
. This is a collective evaluation influenced by rational, emotional and moral dimensions
.
•
Intended Corporate Image: This is how the firm wants external parties to see it
.
•
Construed Corporate Image: This is how the firm believes external parties see it
.
•
Actual Perception: This is the actual perception of the organisation by all external stakeholders
.
•
Reputation: An organisation's reputation is closely tied to its external image and is influenced by factors such as sustainability practices, transparency, and responsible governance
.
•
Media Influence: The media plays a significant role in both constructing and reflecting an organisation's external image
, including shaping public opinion
.
•
Greenwashing: This is when companies make misleading claims about their environmental performance, damaging their reputation and eroding public trust
. It includes tactics such as selective disclosure, inconsistency, incomparability, deception, irrelevance and lies
.
•
Corporate Philanthropy: Philanthropic activities can enhance a company’s public image, attracting customers, employees and investors who value social responsibility
.
These sources highlight the importance of a consistent and genuine external image, and that an organisation must actively manage its reputation by being transparent and responsible, as well as avoiding any form of greenwashing. The media plays a key role in shaping that external image.-
Information regarding external image or corporate image can be found in the following sources:
"All slides in class sessions + case studies?.pdf" Page: This page introduces the concepts of intended corporate image, construed corporate image and the actual perception of an organisation by external stakeholders. It presents the idea that the media can play a key role in constructing and reflecting the external image of an organisation. Page: This page explains that an organisation's reputation is influenced by its sustainability practices, transparency and responsible governance, and that this impacts how stakeholders perceive the company. Page: This page notes that misleading claims and selective information, otherwise known as greenwashing, can damage a company’s reputation and erode public trust. "All video lectures transcripts.pdf" Pages: These pages state that for every organisation, the external image is very important and that a ruined reputation is very hard to rebuild. They also state that the media plays a key role in constructing and reflecting the external image of an organisation. Page: This page explains that a company's reputation is a multidimensional construct that includes rational, emotional, and moral dimensions, as well as opinions about an organization. It is seen as a collective evaluation of an organization, meaning there is a more or less common understanding among people about the organization. Page: This page defines corporate reputation as the collective external perception of an organisation. It highlights that an organisation has an idea of how it wants to be perceived and sends out messages to build and maintain a certain public image. However, external sources also influence how the organisation is perceived. Page: This page describes how the public image of a company is enhanced by corporate philanthropy, and that this can help attract customers, employees and investors who value social responsibility. "My organizational management lectures and notes.pdf" Page: This page introduces the concepts of intended corporate image, construed corporate image and the actual perception of an organisation by external stakeholders. Page: This page states that an organisation's reputation is influenced by its sustainability practices, transparency and responsible governance, and that this impacts how stakeholders perceive the company. Page: This page indicates that an organisation can damage its reputation through greenwashing, which involves misleading stakeholders about actual environmental performance. It lists forms of greenwashing, including selective disclosure, inconsistency, incomparability, deception, irrelevance and outright lies. Page: This page defines corporate reputation as a multi-dimensional construct that includes rational, emotional and moral dimensions. Page: This page states that a company’s public image is enhanced through corporate philanthropy and that this attracts customers, employees and investors who value social responsibility. Key Concepts of External or Corporate Image:
Definition: The external or corporate image refers to how an organisation is perceived by the outside world. This is a collective evaluation influenced by rational, emotional and moral dimensions. Intended Corporate Image: This is how the firm wants external parties to see it. Construed Corporate Image: This is how the firm believes external parties see it. Actual Perception: This is the actual perception of the organisation by all external stakeholders. Reputation: An organisation's reputation is closely tied to its external image and is influenced by factors such as sustainability practices, transparency, and responsible governance. Media Influence: The media plays a significant role in both constructing and reflecting an organisation's external image, including shaping public opinion. Greenwashing: This is when companies make misleading claims about their environmental performance, damaging their reputation and eroding public trust. It includes tactics such as selective disclosure, inconsistency, incomparability, deception, irrelevance and lies. Corporate Philanthropy: Philanthropic activities can enhance a company’s public image, attracting customers, employees and investors who value social responsibility. These sources highlight the importance of a consistent and genuine external image, and that an organisation must actively manage its reputation by being transparent and responsible, as well as avoiding any form of greenwashing. The media plays a key role in shaping that external image.
S5V1
Top 10 Unique and Helpful Insights (with Fitting Emojis):
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What is corporate reputation, and why does it matter?
It's the collective perception of a company, shaped by rational, emotional, and moral dimensions. A strong reputation builds trust, lowers risk, attracts talent, and boosts customer loyalty.
What damages ecological reputation most?
Greenwashing tops the list. Misleading claims or vague eco-promises, like selective disclosure or false visuals, erode trust and damage credibility.
How does Nestlé exemplify reputation risks?
Nestlé faces backlash for plastic waste, water exploitation, and deforestation linked to its products. It's a textbook case of environmental mismanagement undermining reputation.
How do stakeholders shape reputation?
Regulators, investors, employees, customers, and NGOs all assess a company based on its actions, reports, and compliance. Mixed signals from these groups can harm perception.
What is greenwashing, and why is it dangerous?
Greenwashing misleads by hiding real environmental impact. It can occur through omission, false claims, or vague benchmarks, undermining trust and sparking legal risks.
What role do ESG scores play in reputation?
ESG (Environmental, Social, Governance) scores quantify sustainability efforts, helping businesses track accountability and build transparency for stakeholders.
Why is transparency essential for sustainability?
True eco-actions, not just claims, matter. Transparency ensures stakeholders see actual progress and builds credibility in sustainability efforts.
How does a strong reputation benefit companies?
It reduces customer risk perception, increases employee satisfaction, and strengthens competitive positioning, all while attracting better partners and resources.
⚠ What legal frameworks address greenwashing?
New EU sustainability reporting frameworks penalize misleading claims, pushing businesses to be more honest and transparent in their eco-actions.
How can companies protect their ecological reputation?
Adopt genuine eco-practices, align marketing with actions, and leverage ESG metrics to showcase transparency and accountability.
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Key Stories, Symbols, and Archetypes:
The Green Cloak ( ): Greenwashing is like a cloak—hiding flaws beneath a polished facade. Once uncovered, trust is