The Economics of Ecosystems and Biodiversity seeks to arrest the rapid degradation of environments that traditionally accompanies economic developmen in third world countries such as PNG where Rio Tinto, Highlands Pacific, Bougainville Copper, BHP, Ramu NiCo, Lihir Gold…
While the BP Gulf of Mexico oil spill steals the headlines, it is only one of many environmentally devastating activities that are a reputational risk to corporations like Placer Dome, Newmont Mining Corporation, Ramu Nickel, Highlands Pacific and Lihir Gold, potentially greater than BPs with their indulgence in Submarine Tailings Disposal (STD).
That Tourism Australia capitalises on the value foreigners place on our wildlife proves the economic value they bring to Australia, which is certainly more than that of the pitiful sales of roo meat in our supermarkets. But by itself (ironically) indulging in this new culture of cruelty, Tourism Australia will do more to deter foreigners visiting Australia than they realise. Keeping (and defending the keeping of) a kangaroo in a pen on concrete paving for eight hours, day after day, is damningly indicative of a greater problem. Here is why I bothered to create a website called www.koaladiaries.com.au…
Say the words reputational crisis or scandal, and Tiger Woods comes to mind. It is easy to pick apart and deride the strategy (if there even was a strategy) in the days that followed the drama…
If reputational risk is anything that has the potential to damage existing customer relationships and the ability to build new relationships; if it causes a loss of current orders and future sales, then reputation management could be represented as being front and centre about sales.
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