Why it is important for organizations to manage their reputation

Within the Discussion Board area, write 200-300 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. There are many reasons why a company should pay attention to their reputation as it relates to their future vendor relations and product supply costs and availability. Complete the following: Discuss why it is important for organizations to manage their reputation by answering the following questions: What impact could a poor quality product have on a company? How does reputation help a company to be more competitive? How do you think a company can improve their vendor and customer relations? Summarize 3 examples of what goes into the reputation of a company.