Execute Your ORM Strategy or Lose Your Company

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Execute Your ORM Strategy or Lose Your Company

Half-assed strategies get you nowhere. This shouldn’t be a revelation, but it might be to a few of you. I don’t usually use crass language in my posts, but this subject warrants alarming verbage.

I had an international client whose brand name you would all recognize, but will remain anonymous here. This client was not willing to spend much money on web marketing due to the particular standards, vision, and business style of their leadership. When profits were down, so went the marketing budget. In other words, they were cheap.

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Abandoned Profiles Affect Your Reputation Too

I offered a list of six easy steps to personal online reputation management back in November 2007. It’s been one of the most popular pages on this site. A lot has changed, and I’ve given the subject a lot of thought over the past year. It’s become evident that simply creating social media and blog profiles isn’t enough. They serve one purpose, but also leave you vulnerable to misunderstanding.

If I boiled down the message of this post into one sentence, it would be this: Every profile you create should be visited and used regularly.

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David Baron Awarded Lifetime Achievement Award

MarketWatch reported that David Baron was awarded the 2008 Faculty Pioneer Award for Lifetime Achievement.

Baron is an innovator in the area of business and its social, political and legal environment. He created the field of non-market strategy, an approach that integrates traditional strategy with political economy, reputation management, ethics and corporate social responsibility. The David S. and Ann M. Barlow Professor of Political Economy and Strategy, Emeritus at Stanford, his most recent research includes path-breaking work on social entrepreneurship and moral motivations for firms and managers.

Congratulations, David!

Circuit City will close 155 stores this holiday season – reputation management needed

Circuit City announced that it will be liquidating and closing 155 stores across the United States. This could cost 7,000 American jobs. Circuit City is the latest in consumer electronic firms to conduct massive layoffs. Xerox, Micron, and Yahoo have also experienced layoffs.

Layoffs and cutbacks are taking place among some of the nation’s most hallowed brands and corporations. Current economic crises only further demonstrate that no person or corporation is truly safe. It is not my intention to spread the already growing economic fears of many, but realities must be faced in order to more wisely execute sound strategies in the future. Coming to terms with the reality that your business is not immune is the first step towards implementing a successful online reputation management strategy.

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Monitoring and Managing the Crisis Age

A simple daily Google News search yields the following headlines:

1. Global financial crisis puts Asarco settlements in doubt

2. Foreclosure Crisis Vexes Government

3. Which Candidate’s Plan Would Best East the Mortgage Crisis?

4. Financial Crisis Moves to Gulf Arab Nations

5. U.K.’s Darling to Say Crisis to Be Deeper, Longer than Expected

6. Iran Exports, Oil Earnings Hurt by World Crisis

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