reputationrisk
Reputation risk refers to the potential for negative publicity or perception that could harm an organization's brand, customer loyalty, and overall business value. It encompasses any event or situation that could lead to a loss of trust among stakeholders, including customers, investors, employees, and the general public. This risk can arise from a variety of sources, such as product failures, ethical misconduct, data breaches, environmental incidents, or poor customer service.
The impact of reputation risk can be significant and far-reaching. It can lead to decreased sales, loss
Managing reputation risk involves proactive strategies to prevent negative events and reactive measures to mitigate damage