At some point in the life of your brand, an event will occur that negatively impacts your brand.
Sometimes such events will be mistakes or bad decisions on your part. At other times, things that are beyond your control will happen in the external environment.
In any case, it is essential to deal with these negative events in a positive, proactive and constructive manner to maintain the health of your brand.
The four steps to managing negative events in the life of your brand are:
1. Assess whether or not the event can be undone and weigh all the costs and consequences involved in undoing or reversing the event
2. If the situation cannot be undone then accept it quickly and do not dwell on it
3. Act quickly to minimize the damage and actively manage the fallout
4. Create a plan to capitalize on the new opportunities presented
Bad events happen in the life of a brand. Don't allow your brands to falter and lose their footing when bad things happen. Accept the things you can't change, move on as best you can and look for the new opportunities that are created.
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