Reputation Management: A Cog for Nurturing Trust and Building Entrepreneurial Success

Reputation Management: A Cog for Nurturing Trust and Building Entrepreneurial Success

Edwill Mtengwa (Lighthouse Corporate Training Services, UK) and Chenjerai Muchenje (South East Technological University, Carlow, Ireland)
DOI: 10.4018/979-8-3693-0019-0.ch011
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Abstract

The classical literature review-based chapter commences by unpacking reputation management in the entrepreneurial context and highlighting advantages, disadvantages, and its intrinsic link to business performance. Drawing from a diverse range of scholarly works, the chapter examines the factors influencing reputation perception, including brand management, culture, organisational strategy, ethics, and corporate governance. Special attention is given to the role of digital technologies, such as social media and online reviews, in shaping reputations and how entrepreneurs are adapting their strategies to harness the potential of these platforms effectively. The chapter also highlights that reputation management is key in ensuring profitability through long-term success, competitive advantage, positive image, and customer retention. The topic also outlines the strategies and best practices for effective reputation management, emphasizing the importance of ethical conduct, transparent communication, and consistent delivery of value.
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3. Objectives

The main objective is to explore the concept of reputation management and educate entrepreneurs about its importance in the modern business arena. The main objective will be augmented by the following sub-objectives:

  • 3.1 Exploring the impact of reputation management on attracting customers

  • 3.2 Unpack the challenges faced by entrepreneurs in managing reputation.

  • 3.3 Expatiate on strategies and best practices for effective reputation management.

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4. Methodology

Literature provided a foundation for the chapter and identified reputation management and entrepreneurship issues. Critical steps in the literature review included identifying reputation management literature, followed by identifying relevant literature in line with the keywords. Once relevant literature had been identified, the next step was to evaluate the quality of the literature. The literature was synthesised, leading to the identification of issues and trends in the literature, evaluating the strengths and weaknesses of different arguments and perspectives, and identifying gaps in current knowledge. The final stage was concluding and identifying areas for further research. The literature review involved a rigorous and comprehensive review of relevant literature, aimed at providing a solid foundation for the chapter.

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