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Sep 28, 2021 · Despite aiming to boost sales and brand visibility, such ploys can erode trust if consumers feel misled. Recognising common tactics like scarcity, strategic product placement, and false discounts empowers consumers. Ethical marketing practices are crucial to maintain trust and reputation amidst the use of such tactics.
Reputational damage is the loss of financial and/or social capital, as well as market share, resulting from damage to a company’s reputation. While your reputation is considered an intangible asset, the impact of reputational damage is not.
Jun 29, 2023 · Your brand’s reputation is impacted by many different factors, such as: The quality and relevance of your products or services. How you interact with customers or potential clients. The brand values you promote (in words or actions) How you handle a crisis or mistake. Your employees’ or partners’ behavior.
Thus, a marketing ploy can hurt a company's reputation. Advertisement. Article continues below this ad. Examples. Many types of marketing ploys exist. Some are more creative than others. A...
Sep 6, 2024 · Companies can protect their reputation and prevent reputational damage by assessing reputational risk, managing reputational risk, building a strong brand and online presence, and establishing a reputation management framework.
Jan 1, 2021 · Generally, marketing ploys entail using a gimmick or clever angle to push your company’s product. If your marketing ploy is lighthearted and fun, people will respond well. But if it’s manipulative or sneaky, it can damage your company’s reputation.
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May 24, 2023 · Misconduct and illegal activities are huge reputational risks. Demonstrate a commitment to ethical business practices to reduce the likelihood of reputation damage. Here are a few ways you can do this: Implement clear corporate ethics policies; Provide regular training; Establish a system for reporting and addressing ethical concerns ...