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Published
September 1, 2026

Reputation Gets Built Long Before the Headline

Speyside Group provides a strategic perspective on reputation risk and on why the outcome of a reputational issue is largely determined before it becomes public. The analysis sets out three connected disciplines: continuous mapping of inward and outward risk, stakeholder engagement built relationship by relationship rather than aimed at a general public, and issue management that first diagnoses whether a reaction is driven by perceived injustice or by fear of an uncontrolled risk.

Speyside Group provides a strategic perspective on reputation risk and on why the outcome of a reputational issue is largely determined before it becomes public. The analysis sets out three connected disciplines: continuous mapping of inward and outward risk, stakeholder engagement built relationship by relationship rather than aimed at a general public, and issue management that first diagnoses whether a reaction is driven by perceived injustice or by fear of an uncontrolled risk.

From risk mapping to stakeholder engagement and issues management, Speyside analyzes step by step how reputation is built and impacted.

By the time a reputational issue becomes public, it can be too late for the company to fully control what happens next. Companies need to be better prepared and they can do this by mapping risks as an ongoing exercise. There are two kinds of risks: Inward risks, which come from the company's own business decisions, which can end up affecting a stakeholder group who can see these as unfair, unsafe, or illegitimate. Outward risks come from outside the company and include changes in regulation, politics, competition, or the environment that change stakeholders’ expectations, even if the company did nothing wrong.  

Both kinds must be evaluated in the same way: by assessing how central the risk is to the business, and how easily it could trigger an organized reaction. That assessment should then lead to a decision which can be to go ahead as planned, change the approach, wait, prepare a response or do nothing at all. Mapping only helps while there's still time to act on it.  

Stakeholder management is not a one-size-fits-all approach

A company needs good relationships with stakeholders so it has room to move when a decision is questioned. But these relationships have to be built early and they don't work if the company only starts building them after a problem happens. And there is no generic approach, a company has many different stakeholders: customers, activists, NGOs, journalists, community leaders, regulators, and even employees' own networks and each group cares about different things. If a company treats them all as one audience, its reputation work stays vague and unfocused. But if it treats each group as a separate relationship, with its own concerns, priorities, influence, and timeline, the work becomes something real that the company can build on before it's needed.  

It's important to mention that most reputational damage sits in exactly this space and it’s what is called “the expectations gap”, according to Daniel Diermeier, author of Reputation Rules,

which is the distance between what a company assumes its stakeholders want and what they expect on fairness, values, and behavior. This is an uncomfortable gap to fall into because a decision can clear every legal and regulatory requirement and still land badly for many other reasons. Closing that gap is the point of knowing stakeholders individually rather than addressing a public that doesn't exist.

That is what stakeholder management means in practice, and it moves in two directions. First, understanding what each stakeholder expects, so a decision doesn’t come as a surprise. Second, building the support a company needs to get something done: a permit approved, a market entered, a policy shifted its way, a license renewed on reasonable terms.

Turning relationships into results

This is the work that has to happen before an issue arrives, not after, the standing a company draws on when a decision needs defending. It rarely looks like a single campaign. It looks like a standing practice, built around a few disciplines that at Speyside Group we excel at doing:

  • Mapping and prioritizing stakeholders, so each relationship gets the attention, the messaging, and the timeline it actually needs
  • Building relationships with trusted local voices well before a company needs their support, not after.
  • Assembling coalitions of credible third parties who can vouch for a decision, or help carry it, on terms the public will accept.
  • Keeping a channel open in both directions — sentiment from the ground reaches the people setting strategy, and the company's own position reaches the stakeholders whose support it needs.

Managing issues and crises

Risk mapping tells a company where its exposure sits, and stakeholder work is what it draws on once that exposure is tested, but neither makes the exposure go away. Some mapped risks stay dormant for years. Others turn into a live issue: a permit application draws organized opposition, a decision leaks before it's ready, a community mobilizes against a project already underway. At that point the work changes, from steady relationship maintenance to active issue management, and it has to be treated as its own discipline rather than an extension of whatever engagement plan was already running.

The first question is diagnostic. Is the public reaction driven by a sense that something is unfair or wrong, or by fear of something unfamiliar and out of the public's control? The two need different answers. A company facing outrage over a perceived injustice needs to show accountability and put the people affected first, not lead with technical reassurance. A company facing fear of an uncontrolled risk needs to demonstrate competence and control, not an apology on its own. Answer one with the tools built for the other, and the response usually deepens the issue instead of closing it.

The second is organizational. A live issue needs a named owner inside the client with real authority to act, and it needs to reach that person immediately, not once the story is already public. As Daniel Diermeier puts it in Reputation Rules, control over an issue is highest early in its life cycle, before it reaches the front page, and it drops fast after that. A company that waits for its own internal process before responding has usually already spent the advantage it had. This is the work we're on call for: issue and crisis response, built on the risk map and the relationships already in place, not assembled after the fact.

The work doesn't end when the story stops running. An issue is closed when the underlying concern is actually addressed, not when press attention moves elsewhere, and it stays under review by the same standing team until that's true.

Conclusion

The argument underneath all of this is simple: a company's control over a reputational outcome is highest before that outcome is public, and it only moves in one direction after that. Mapping risk tells a company where to look while that control is still largely intact. Stakeholder management is how it spends the time that mapping buys, building the relationships and the standing it will draw on once control starts to slip. Issue management is what happens when it does: reading what's actually driving the reaction, putting someone with real authority in front of it immediately, and staying with it until the concern behind it is genuinely resolved, not just the coverage. Speyside works across all three to help companies be better prepared.

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