How can a Business get rid of the Bad Name that it has earned?

It is said in war that it is difficult to regain a lost land more than conquering a new one, the blood shed is more. Same applies to businesses, once a bad name is achieved it is very difficult to wipe it out though not impossible. Firstly the company should assess the reason for the bad reputation in terms of product, service, quality. Once identified the next task is to develop a strategy to wipe out the reason associated with it.

When we heard the work business, First thing strike in mind is "Profit".

So, it all about making profit, about less investment and gaining more.

So, most of the business man the illegal method to achieve it and that is why negative vibes start coming when we think about business.

It can be erased by formulating strict laws for them. So spreading awareness among consumers, by giving knowledge about how anyone can be cheated in business,

Faith is the vital thing that must be there among business partners.

A company gets a bad name due to the strategies it implements in view of meeting the market demands. If a customer is no served well with what he wants (goods industry) and how he wants (service industry) , he is surely going to spread a negative word of mouth about the company. In order to prevent such a thing from happening, firms should continuously strive to provide what the customer wants and concentrate on the future demands incorporating change through innovation.

1) Identify the reasons behind getting bad name for company.

2) If any company gets a bad name in present business environment, it is very difficult to recover. It may take very long time to recover.

3) So, for any company to get rid of bad name its better to change name of company and make sure that mistakes should not be repeated.

4) Customer Satisfaction should be main objective of the company. Manufacture the products with best quality and market the products with good prices.

5) Give good advertisement for the popularity of the product.

Hi Friends,

In my opinion life is a mixture of good and bad, happy and sad, friends and enemies, success and failures.

What I want to say is for every problem there is a solution, if a company gets bad name.

Yes I am pretty sure that it will takes lot of time to recover (get good name) rather than to get bad name, First it had to collect the reasons for that and employees plays a vital role in developing a company and it's business. Even it is success or failure they must share.

So knowing the customer needs and providing products which will fulfill those needs may be the better way to get rid of bad name.

I have just one line to say on this, that will solve the query; Dont just love your business, do the business with love:-)

Hello Frndzz , sharing my points below :

1. First Of all it needs to find the actual reasons behind it.
2. It may involve multiple persons & various issues (Who did it & why did it ? ).
3. Then we need to find out how much impact it has on outsider world, & how much it effected the org (i.e. estimate the long term & short term impact, In case of major impact a larger scale of re-shuffle of governing body needed ).
4. Start to fix d situation.
5. Need to sack or get rid of d corrupted people.
6. Need a better planning so that this type of situation never arises in future.
7. Strong Laws & regulations need to be constructed, violation of which should leads to highest level of punishment.
8. Actually in practical world lots of Sacrifice, hard-work ,patience , discipline , dedication & determination needed to awake from a lost battlefield.

Hi Everyone, Making good reputation to the business is a long process. Businessman spend their whole life in making a good reputation and satisfied the customers. In bad situation businessman should find out the actual reason or cause and see how he can be rectified it. He can get back their confident by advertisement, using media and newspapers. Make sure people you are providing good products on reasonable prize. It will take time but hard work and honesty will definitely will help business to gain back their reputation.

A company might have lost its reputation because of some reason but that doesn't mean that its the "the end". A more careful movements along with the good observation for its backlog should be taken into consideration so as to not repeat it in future.

It can restart its business freshly by introducing new products which is innovative, unseen, eco-friendly, easy to use and affordable. This can be made more attractive by giving advertisement. Initially it will be difficult and lot of hope, positive thinking and motivation of employees is needed.

Hello Friends,

Today topic is very serious topic and really good for management students to come up with solution.

Any business required more time and effort to build a good reputation in the market and the vice versa it will take very few time to destroyed all the goodwill earned in the market. If business loose his reputation then the main thing is to find out the route cause of the reason, once we get the route cause then how to overcome on it, find out the all possible solution to reach the solution. And make the necessary changes in business VISION and MISSION sentence, and let the all employee know the recent changes so no chances of getting the same mistake happen again. Try to do some different and good thing so may be people can attract to that thing and forget the main thing which is the reason of bad reputation of the business.

Thank you so much for listening my idea.