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

Hi everyone,

According to me, if a business gets a bad name attached to it, then I feel it is quite difficult to get rid of that name, though its not completely impossible. Business has to identifies its flaws and work upon that, come up with new strategies, improve the quality of its products and services, try gaining public goodwill by identifying customer needs and satisfying their wants. Also it needs to realise its responsibility towards society and focus should be more on wealth maximization than on profit maximization. It will take time but it is not an unachievable task. Thank you.

I think goodwill of a business is prime important factor in its success and growth but as a businessman think and plan things it may not come in its way there may be different reasons which can create its bad image example-the relationship of the staff with the customers is rude, quality have been lowered, prices have increased and many more things. Now the only way for a businessman to get rid of this is to improve the factors causing the bad image, if posible change the location and name because it take lot of time to maintin goodwill but take a minute in spoiling it.

A bad reputation to the business is one of the major reasons that would reduce the turnover as a whole. Doing a business on loss is of no use. First, I will make a study on the causes and see how it can be rectified. To make people/clients/customers or whomsoever to gain their confidence back on my business deals with them. Change the name, like the axis bank did. Make people believe that its an entire different company. Implement new marketing and advertising strategies to attract more people. Lastly, that should be a lesson. I will never ever let it happen again.

Hello,

For a business firstly it is very hard to establish its name among its customers and prove to be a reliable product and once established it is even harder to keep up its name.

So if a business gets a bad name attached to it, it can always come up again by using effective stratergies, for example, let us see the case of nestke whose one of the most favourite product got associated with illegal practices but then nestle soon recovered from this phase by gaining people's confidence once again! and this was done by putting up effective advertisements etc.

Hello friend.

According to me its very difficult for any company to get rid of its bad name that it loose at once, because earning reputation is very difficult. Moreover bad name directly affect the turnover of the company. But as we all know nothing is impossible. So in this situation company has to revised management plan and strategy to recover its position in market again. Company should give more attention to that area for which company reputation fallen. Moreover company have to invest on advertising and endorsement and maintain its quality forever.

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.

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.

Hi Friends, According to me Making a reputation in business is really very tricky job. People spend their whole life for making reputation. So in this if our business is going to ruin first of all we should find the cause of bad reputation. If we find the exact cause of this it means we get 50% success. Then we should try to remove the bad reputation by various reasons like advertisement, using pamphlets on road. etc. We should follow strict strategy that will never happen again in life. We must think we will not do let again in life.

Each and every company when enters a market tries to earn goodwill.Good reputation is first and foremost aim of a company.If a company has lost its goodwill ,it is very difficult to comeback.Company should take the following steps to regain its reputation:
1.It should try to recognize its flaws and overview the reason for the failure.
2.Company should appoint a team of expertise who recognize the flaws.
3.Enter into the partnership with reputed company.
4.Implement new marketing and advertising strategies to attract people.

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.