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Global CEO Magazine:
Managing corporate rumors through Internet
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The Internet rumors spread very fast as they appear in virtual print. Sometimes they are deemed to be true and are taken seriously by mainstream media. The organizations need to equip themselves with special techniques to counter this menace.

 
 
 

The business world, used to concrete targets and accurate measurement, has trouble addressing irrational and persistent rumors. Companies, especially large ones, are not inherently transparent. They do not readily make available their inner operations to public scrutiny, often for sound commercial reasons. At the same time, they deeply influence the daily lives of individual citizens. This gap between knowledge and impact is filled on occasion by rumors and suspicions.

The rumor always fills `any' communications vacuum; `the vacuum' is a major rationale for crisis in communications, it always appears to be more interesting and more attractive than the plain truth, and invites the inventive process of developing speculation and allegations. It is a playful or downright malicious byproduct of conspiracy theorizing. Rumors need not reach the entire public to have an impact; they need only reach a company's key audiences. Rumors can vanish as swiftly as they arise.

Any organization of ten or more people will always have a series of rumors circulating. Thus monitoring and pickup systems are required, especially when a company is facing or handling a crisis situation. Under these circumstances, rumor can exacerbate and contribute to already serious problems. Accept that rumors always generate interest and are often more attractive than the facts or truth. Silence or a vacuum caused by lack of communication will always be filled by rumors and speculations. For a company, these issues also form an obstacle not only to achieve a high return rate, but also to perceptions that it is behaving responsibly and honestly when one of its products places consumers at risk.

 
 
 

Global CEO Magazine, Internet Rumors, Globalization, Corporate Affairs, Corporate Management, Web Monitoring, Internetbased Management, Rumor Management, Community Markets, Monitoring Websites, Products and Services, Public Forums, Public Scrutiny, Cyberterrorism.