Social Media as Reputation Accelerant

August 14, 2012

Social Media as Reputation Accelerant

Social media risk is now a mainline risk according to U.S. executives surveyed by Deloitte in a study with Forbes Insights. The research, Aftershock: Adjusting to the new world of Risk Management, was conducted in the spring. As described in their executive survey, social media is now among the traditional risks we often read about in the risk management field such as the global economic climate, regulatory changes and government intervention. Social media ranks fourth because it can act as an “accelerant” to all the other risks. Just give it some air and it spreads like wildfire. In fact, Deloitte refers to it as the “wildfire” effect because social media can push a company’s reputation into a tailspin. They might also call it the gas pedal effect!
Which risk sources will be the most important over the next three years?

Global economic environment41%
Government spending/budget32
Regulatory changes30
Social media27
Financial risk27

Source: Deloitte and Forbes Insights, 2012

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Leslie Gaines-Ross
Leslie Gaines-Ross

As Weber Shandwick’s Chief Reputation Strategist, I focus on the ever changing world of reputation. For the past 25 years, I have relentlessly observed, researched and commented on the rise and fall of corporate and CEO reputations.

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