Info-Tech Research Group Unveils Strategies to Safeguard Organizations' Online Reputation in a Dynamic Digital Landscape

 Info-Tech Research Group presents a new blueprint for online reputation management. The resource guides organizations in the essential strategies to proactively fortify brand integrity and nurture consumer confidence ahead of the competition. By adopting the firm's research-backed, recommended approach, organizations can safeguard against reputational risks, leverage the benefits of a positive brand image, and drive long-term success and profitability in the digital age.

TORONTO, ONApril 4, 2024 /PRNewswire/ - Safeguarding an organization's online reputation is critical. The amplification of every social media post, tweet, review, or blog can significantly influence public perception and, by extension, impact the success of an organization. Recognizing and addressing the potential vulnerabilities in an organization's digital footprint is essential to preventing damage that can lead to lost customers, reduced revenue, and, in extreme cases, the end of the organization itself. A strategy that prioritizes transparency while rigorously maintaining privacy and security can transform an organization's online presence into one of its most valuable assets. To help guide organizations in fortifying their online reputation, Info-Tech Research Group has published its latest research, Protect Your Organization's Online Reputation.

Info-Tech Research Group's "Protect Your Organization's Online Reputation" blueprint outlines a framework to effectively manage organizational brand reputation in today's dynamic digital landscape. (CNW Group/Info-Tech Research Group)

The firm's resource aims to bolster an organization's online reputation, foster customer trust and loyalty, and ultimately position itself ahead of its competition. This strategic approach enhances profitability and establishes a trajectory toward sustained success in today's dynamic digital landscape.

"The flipside of having an online presence is that it opens the floodgates for public scrutiny," says Jon Nelson, principal advisory director at Info-Tech Research Group. "With everything laid bare, individuals are prone to airing their opinions and experiences freely. While this typically fosters transparency, a single negative encounter can spiral into a damaging online review. These critiques, visible to all, have the potential to tarnish an organization's hard-earned reputation. Even unwarranted complaints find their way into the digital sphere. Failure to vigilantly monitor this virtual landscape could lead to loss of contracts, business, and have other negative outcomes."

According to Info-Tech's research, many organizations lack a clear understanding of their online presence, overlooking both positive and negative aspects. This oversight can be a cause for concern, as reputational threats can emerge from various sources and have impacts as significant as cybersecurity breaches, such as ransomware attacks. The firm's blueprint underscores the need for organizations to go beyond carefully crafting communications, advocating for a proactive stance in online reputation management. This approach requires a comprehensive strategy for online engagement and ongoing awareness to safeguard and elevate their public image.

The newly published blueprint highlights the value of a strong brand reputation in enhancing revenue and profitability, as well as the ability to charge premium prices. A well-regarded reputation can also play a crucial role in helping attract and retain top talent. To effectively manage organizational brand reputation, Info-Tech recommends the following steps:

  1. Assess the Current Online Reputation: The first step in protecting an organization's online reputation is to identify its current state. It's important to know how the brand is currently perceived and where to focus attention for improvements.
  2. Identify Online Reputation Threats: Discovering potential threats and risks to an organization's online reputation is crucial. This involves identifying both internal and external risks, such as ethical concerns, product recalls, negative reviews, and competitor actions, and evaluating their potential impact. This step is fundamental in preemptively managing and mitigating threats to maintain a positive brand image.
  3. Develop a Communication Strategy: It's essential to develop a communication strategy that includes messaging that promotes the organization's values, mission, and ethical practices, as well as a crisis communication plan that outlines how the company will respond in the event of a negative incident.
  4. Manage Comments, Feedback, and Reviews: Managing customer feedback and online reviews is critical to protecting brand reputation. It allows organizations to acknowledge positive feedback and address negative feedback, showing customers that they are responsible and transparent.
  5. Promote Transparency and Accountability: Organizations can build trust with employees, customers, and other stakeholders by being transparent about operations and decision-making processes. This process includes being open about social, ethical, or other challenges and how the company addresses them.
  6. Evaluate and Adjust: To ensure brand reputation protection strategies remain effective, they must be regularly evaluated and adjusted. This includes monitoring metrics such as online sentiment, customer satisfaction, and brand loyalty and adjusting communication strategies and tactics as needed.

Info-Tech's insights highlight how a strong brand reputation can help differentiate an organization from its competitors, providing a decisive competitive advantage in the marketplace. Such a foundation not only enhances market share but can also create numerous growth opportunities, underlining the critical role of effective reputation management in achieving business success.

For exclusive and timely commentary from Jon Nelson, an expert in security practices and capabilities, and to access the complete Protect Your Organization's Online Reputation blueprint, please contact pr@infotech.com.

Info-Tech Research Group is one of the world's leading information technology research and advisory firms, proudly serving over 30,000 professionals. The company produces unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. For more than 25 years, Info-Tech has partnered closely with IT teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm's Media Insiders program. To gain access, contact pr@infotech.com. 

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

Info-Tech Research Group Logo (CNW Group/Info-Tech Research Group)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/info-tech-research-group-unveils-strategies-to-safeguard-organizations-online-reputation-in-a-dynamic-digital-landscape-302108744.html

SOURCE Info-Tech Research Group


Comments

Popular posts from this blog

Standing down from Falcon 9’s launch of Ax-4: SpaceX

‘London is back:’ Mayor — and Trump critic — Sadiq Khan looks to lure businesses from the U.S.

Booming Cross-Border E-Commerce Activity in Asia Presents Opportunities for European Merchants VARIOUS Booming Cross-Border E-Commerce Activity in Asia Presents Opportunities for European Merchants by Fintechnews Switzerland September 12, 2023 International e-commerce spending by JCB cardholders based in Asia increased by 52% between 2021 and 2022, presenting a significant opportunity for merchants in Europe as shoppers across the region show increasing willingness to purchase goods online from foreign businesses, a new paper by the Japanese credit card company shows. The report, titled “Click into Place: Unpacking Card Abandonment”, provides insights on online spending from Asia, sharing the latest research and data on e-commerce trends to help businesses boost e-commerce sales and stand out from the crowd. According to the report, cross-border e-commerce activity increased substantially last year, with India leading the region with a staggering five-fold growth, followed by Indonesia and Vietnam, where cross-border e-commerce more than doubled between 2021 and 2023. In Hong Kong and the Philippines, global e-commerce spending grew by around 80%, while China, Taiwan and Thailand saw growth of about 50%. Further growth is expected in the future as the cart abandonment rate in Asia’s e-commerce industry is currently the highest in the world, standing at over 84% as of March 2023 compared with about 70% for customers globally. High cart abandonment in Asia suggests that there is potential for more expansion in the region if merchants are able to solve customers’ friction points and improve experience, the report says. cross border e-commerce image via freepik Addressing cart abandonment Cart abandonment is the act of a shopper adding an item to an online shopping cart but leaving the website without completing the purchase. It represents a significant amount of lost revenue for merchants in the online space. According to JCB, there are several cause of cart abandonment, with the first common one being the payment journey. In Asia, complicated checkouts and unexpected payment processes are cited as a reason for abandoning carts, with 55% of online shoppers in the region identifying long login and sign-up forms as a key source of frustrated. To address this paint point and boost sales, merchants must enhance customer experience by streamlining their checkout process with a well-designed website. They should also leverage advanced technology and design practices to balance security with user experience, using for example pre-fill information and tokenization to speed up the checkout process, as well as technology like 3DS authentication to increase consumer trust. Such improvements not only increase immediate sales and conversion rates but also foster long-term brand loyalty, the report says. The second cause of cart abandonment outlined in the JCB report is unmet customer expectations around how they can pay, and how easy it is to do so. Understanding customer psychology is vital to reduce cart abandonment in e-commerce, the report says. To cater to local preferences, merchants should offer multiple languages and payment currencies, provide a personalized customer journey, and ensure that payment processes are seamless across both mobile and desktop platforms. This is critical become mobile purchases are on the rise, representing 43% of e-commerce sales globally in 2023. In Asia-Pacific (APAC), that share is even higher, with mobile commerce constituting 75.8% of sales in 2022. Finally, the third and final cause of cart abandonment outlined in the report is the failure to react to external factors, such as market trends and changes in consumer behaviour. During the COVID-19 pandemic, e-commerce surged, especially in Asia, due to increased internet and mobile device access, the report says. However, the global economic downturn has somewhat hindered e-commerce growth and altered customer behaviors. This has led many consumers to start using online carts as a modern form of window shopping, adding items for future consideration or price comparisons. This behavior, which may lead to cart abandonment, is likely to rise with economic concerns and decreased impulse buying, it warns. To counter this, merchants should offer competitive pricing and employ strategies like remarketing and non-intrusive exit-intent pop-ups. They should also bolster customer confidence with reviews and security guarantees. e-commerce cart abondon image via Unsplash Cross-border e-commerce on the rise Over the past couple of years, cross-border e-commerce has witnessed significant growth, driven by the proliferation of the Internet and mobile devices, improved logistics, payment innovations and the rise of global e-commerce platforms such as Amazon, Alibaba and eBay. With disposable income rising in developing markets, e-commerce merchants and marketplaces will continue pivoting towards them, pushing cross-border online shopping to new heights. According to Juniper Research, cross-border e-commerce transaction values will reach US$1.6 trillion this year. Through 2028, that number is projected to grow by more than twofold to US$3.4 trillion. In comparison, domestic e-commerce transaction values are set to grow by 48% over the same period, implying that much of the growth in the e-commerce payments market will in the cross-border area. In 2022, around 168 million Chinese customers had engaged in cross-border import e-commerce, growing from 155 million the previous year, data from market research and analytics platform Statista show. The trade value of cross-border import business reached approximately 34 trillion yuan (US$4.6 billion) that year. In Southeast Asia, about a quarter (23%) of consumers said they are shopping more at merchants based in other countries in the region since the start of the pandemic, while a similar number (22%) are shopping more in stores outside of Southeast Asia, a 2021 study by ACI Worldwide and YouGov reveals. Featured image credit: Edited from freepik Get the hottest Fintech Switzerland News once a month in your Inbox email address ASIA CROSS-BORDER E-COMMERCE ABOUT AUTHOR MORE INFO ABOUT AUTHOR Fintechnews Switzerland Fintechnews Switzerland More by Fintechnews Switzerland