Original Source: Simplicable by John Spacey
“Reputational risk is the chance of a loss due to damage or a decline in your reputation.
Business reputation can be damaged by actions that are perceived to be dishonest, disrespectful or incompetent. In some cases, a decline in reputation can result in large financial losses stemming from difficulty raising capital, loss of sales and increased costs such as fines or legal fees.
The following are a few examples of reputational risks…”
Contributors: Open SourceCategories: Industry Articles, SIG U Resource
SRC Type: Risk Management, Sourcing Management, Third Party Management