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Reputation Rules: Strategies for Building Your Company's Most valuable Asset [Hardcover]

Daniel Diermeier
4.5 out of 5 stars  See all reviews (2 customer reviews)
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Book Description

1 Jun 2011 0071763740 978-0071763745

Leverage your company’s most important asset!

“Diermeier draws on extensive research and illustrates these insights with rich case studies from a variety of industries. He shows how to integrate reputation management deeply into the culture and structure of companies. I expect Reputation Rules to set the standard for years to come.”
—Philip Kotler, S.C. Johnson & Son Distinguished Professor of International Marketing, Kellogg School of Management, Northwestern University

Reputation Rules [provides a] ‘sixth sense’ for both reputational risks and opportunities. I highly recommend the book.”
—Samuel Allen, Chairman and Chief Executive Officer, Deere & Company

“Diermeier provides important insights for managing reputation and turning challenges into opportunities. The lessons will become an essential component of a manager’s repertoire.”
—David Baron, David S. and Ann M. Barlow Professor of Political Economy and Strategy, Emeritus, Stanford Graduate School of Business

Reputation Rules breaks new ground in what has until now been an elusive challenge for companies and consultants alike. An exquisite compendium of navigational tools. . . . This is a game-changing book to be sure.”
—Harlan A. Loeb, Executive Vice President, Director of U.S. Crisis and Issues Management, Edelman

“Daniel Diermeier has continuously caught the attention of the business world with insightful and compelling facts that should once again challenge our thinking and actions. In today’s fast-changing business environment, values and reputation are the foundation, and Daniel presents sound reasoning and experience as to why they are so important.”
—Jeff Stratton, Executive Vice President and Chief Restaurant Officer, McDonald’s Corporation

"Any examination of how much-loved companies can forfeit people’s affections needs to start with the realisation of how few much-loved companies there are. Businesses are more often the villains, as Daniel Diermeier of Northwestern University’s Kellogg management school points out in his insightful new book Reputation Rules."
—Michael Skapinker, Financial Times

About the Book:

In our lightning-fast digital age, a company can face humiliation and possibly even ruin within seconds of a negative tweet or blog post. Over the last year companies such as BP, Goldman Sachs, and Toyota have experienced serious blows to their images that could have had reduced impact if their leaders had implemented reputation management into their business strategy and culture.

There is no one in either the corporate or academic sphere with greater expertise in the area of corporate reputation than Dr. Daniel Diermeier. An award-winning professor at the Kellogg School of Management, Northwestern University, Dr. Diermeier has blazed a path in understanding the significance of reputation management and demonstrating how a company can create a program so powerful that it can help turn a potential public disgrace into a public image success story.

Reputation Rules is a landmark work bringing to light Dr. Diermeier’s groundbreaking insights in this critical area. He offers the frameworks, strategies, and processes for changing your company’s focus as quickly as the world is changing around you. He touches on all of the reputational issues that need to be managed from a strategic level, describing how to:

  • Overcome direct challenges from influential activist and political forces
  • Manage corporate scandals, including executive compensation
  • Use external, seemingly unrelated events to boost reputation
  • Build a reputation management process into everyday operations

In addition, Dr. Diermeier provides case studies of Shell’s confrontation with Greenpeace, Mercedes’s recovery from the Moose crisis, AIG’s executive bonus fallout, Wal-Mart’s reputation-building response to Hurricane Katrina, and numerous other scenarios illustrating what works and what doesn’t when it comes to reputation management.

Brimming with keen insights and lucid examples, Reputation Rules is a guidepost for your organization’s future—and a salve for crisis management.


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Product details

  • Hardcover: 256 pages
  • Publisher: McGraw-Hill Professional (1 Jun 2011)
  • Language: English
  • ISBN-10: 0071763740
  • ISBN-13: 978-0071763745
  • Product Dimensions: 16.2 x 2.7 x 23.6 cm
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Bestsellers Rank: 74,920 in Books (See Top 100 in Books)
  • See Complete Table of Contents

More About the Author

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Product Description

About the Author

Daniel Diermeier , Ph.D., is the IBM Professor of Regulation and Competitive Practice and director of the Ford Motor Company Center for Global Citizenship at the Kellogg School of Management, Northwestern University. He has served as an advisor to leading companies, including Accenture, Cargill, Johnson & Johnson, Kraft, McDonald’s, and Shell. He is also a senior advisor to the FBI. In 2007, Dr. Diermeier won the Faculty Pioneer Award from the Aspen Institute, named the “Oscar of Business Schools” by the Financial Times.


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Customer Reviews

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Most Helpful Customer Reviews
Format:Hardcover|Amazon Verified Purchase
Certainly, this is an interesting exposition of important considerations for a corporate body (or, indeed, for an individual) when reputation can be put at much hazard with sometimes important consequences.
As the Author notes, these considerations are usually neglected until the damage has been done and corrective action has become very difficult, even when possible.
I purchased and read the book with a particular recent case in mind, respecting a voluntary concern, and was glad to see a structured discussion of these aspects. This may assist my actions in discussions thereon.
Recommended.
John Hopkins.
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By Robert Morris TOP 100 REVIEWER
Format:Hardcover
It is no coincidence that on Fortune magazine's annual lists of companies that are most highly regarded and considered the best to work for, many of the same companies appear each year. Their reputations are well-deserved and have been hard-earned one human interaction at a time. Those employed by Ritz-Carlton, The Container Store, Nordstrom's, Apple, Google, Southwest Airlines, and Procter & Gamble are expected to personify their company's core values in both their attitude and behavior, especially during all of their interactions with customers, to be sure, but also with each other.

The companies on which Diermeier focuses offer compelling examples of how a company's reputation, its "most valuable asset, " can be enriched and enhanced over several decades (e.g. Calgene, Prudential Insurance,) and then, in some instances, severely tarnished (if not ruined) in a only a few days or even hours (e.g. Monsanto and Shell UK). Given the rapid and extensive emergence of social media in recent years, the need for a reputation management program is even greater now than ever before.

The program that Diermeier introduces in this book is based on his more than ten years of real-world experience with all manner of organizations as well as his analysis of the results of countless formal research studies. The core principles of the program he has formulated (and explained thoroughly in this book) serve as the foundation for the strategies he proposes. He cites dozens of mini-case studies of situations in which a reputation was at risk. He explains what worked, what didn't, and why. For a time, probably the most highly-regarded company in the world, Enron's moral and/or ethical deterioration at the C-level occurred over a period of several years and the damage to its reputation was irreparable. The prestigious reputation of other companies (e.g. Johnson & Johnson, Exxon, BP, Toyota) was damaged by specific developments and their reputation restoration depended almost entirely on how well each responded to the given crisis.

To sum up, Diermeier provides about as much information, insights, and advice as most business leaders will need to establish or strengthen and then sustain (with continuous improvement) a cohesive, comprehensive, and cost-effective program for reputation management for their organization, whatever its size and nature may be. Presumably he agrees with me that it would be a fool's errand, however, to attempt to adopt all of his recommendations. It makes sense to conduct a rigorous self-audit to reveal what one's organization's greatest vulnerabilities are - insofar as reputation is concerned -- in order to determine what must be done to prevent or respond to effectively to a crisis involving each.

As Daniel Diermeier observes, "Reputation management is not a corporate function, but a capability. It requires the mindset integrated with the company's strategy, guided by its culture and values, and supported by carefully designed governance and intelligence processes. Developing this capability is as demanding as developing customer focus or the ability to execute. I hope this book."

Some who read this review may agree with the importance of what is proposed but then point out, "We already have so much going on already, we just can't focus on reputation management right now." In reply, I cite the Chinese aphorism that asserts the best time to plant a tree was 100 years ago. The next best time is now.
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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com: 4.6 out of 5 stars  5 reviews
2 of 2 people found the following review helpful
4.0 out of 5 stars A Master's Course in Reputation Management 22 Jun 2011
By Bradley Bevers - Published on Amazon.com
Format:Hardcover
If you own a company and are concerned about your company's most valuable asset, its reputation, then get this book. Dr. Diermeier has written a thoroughly researched and documented work that covers every aspect of reputation management. After running the CEO Perspective Program at the Kellogg School of Management for seven years, he found that CEO's across the board focus on two issues in their business. The first is "People", and the second (to the author's surprise) is "Reputation". This book gives readers the tools to understand their reputation and manage it well.

The first chapter is the best chapter. Through many different examples, the author walks you through dealing with a crisis, managing your reputation in a shorter news cycle, and growing your trust radar. Each issue is critically important for companies big and small in today's environment. This chapter provides a firm foundation for the rest of the book.

The second chapter has a great section on changing your company from a villain (the default mode for virtually all companies) into a hero. The fourth chapter deals with the issue of outrage and a reputation crisis. Very helpful information on the differences between a company's perspective on a business decision and the public perspective. The eighth chapter has some good advice on building a team to manage your reputation, especially for larger companies. The conclusion has one of the best pieces of advice in the book, and its also the shortest chapter. Really great insight into "the expert trap", almost worth buying the book for this part by itself.

This is a book worth reading, but its not without its drawbacks. First, it is very dense for a book that is less than 300 pages. You will feel like you have had a Master's Course by the time you are done reading this. Secondly, despite the author's caveat in the introduction that it applies to all business owners, there is a natural bias towards larger businesses. There is a lot of valuable information for the smaller businesses as well, just know that there are some items that will not apply to your company. All in all, this is a book worth buying for any business owner looking to build, manage, or understand their reputation. Recommended.
5.0 out of 5 stars Make your business more successful - and yourself ! 11 May 2013
By Hans-Juergen Wilke - Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
Easy truth, what you sell is not what you sell. You sell a concept, a perception, a set of ideas. You sell the concept of what is YOU ... your business, your product, your service.

Why struggle and push, what can flow easily if the world can see and feel what you are standing for. Daniel Diermeier comes directly to the point and teaches what is law of nature: water flows down hill. Why continue fighting? Great book for business and private life

For me a 28 out of 28. Enjoy it!
5.0 out of 5 stars Great Read. Vastly Important 24 Sep 2012
By Kalley - Published on Amazon.com
Format:Kindle Edition|Amazon Verified Purchase
This book is an easy read with numerous relevant case studies from recent history. He does a great job at explaining all the topics and really making you think about your own job, company, and personal life. A must read.
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