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Corporate online reputation in 20 key figures
Online reputation is more than ever a strategic and economic issue that is vital for companies. Isn’t it the number one risk facing any business today? The proof lies in these twenty key figures, which show where companies stand in their awareness of their own online reputation.
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Corporate online reputation in 20 key figures from Semji
Google, the maker of corporate online reputation
- 92.7% of French people use Google as their search engine10.
- 46% of Google searches are made to find out about a product or a service11.
- 74% of internet users “google” a company’s name before buying, to find out more about it.
- 43% of companies believe there is information on their first page of Google that is negative for their online reputation12.
Corporate online reputation risks
- 40% of companies 1 against 26% in 2010 consider online reputation to be the number one risk today, because of the growing influence and speed of social networks, which no longer allow a company to control how its image is perceived.
- 41% of risks come from poor working conditions for employees, ahead of revelations of fraud or corruption within a subsidiary operating in foreign markets (36% of risks)2.
- 51% of senior executives think reputation risk should be addressed by the executive committee, but that is only the case in 15% of companies3
- 83% of companies will have to face an online crisis that will impact their share price and their revenue4 within the next 5 years.
The time and speed of corporate online reputation
- 5 minutes are enough to destroy a company’s reputation: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently” according to the American businessman Warren Buffet5.
- As soon as a corporate crisis is announced, its publication, on social networks in particular, is potentially seen by 2.2 billion people around the world6.
- Within the hour following their first announcement , 30% of corporate crises are picked up by the international media7.
- Less than 72 hours is how long 90% of crises last.
- A company will never be able to erase a crisis, because it leaves indelible traces.
Managing corporate online reputation
- 92% of companies consider reputation risk to be the hardest category of risk to manage, according to a study by the reinsurer ACE2
- 61% of companies say they keep their online reputation under control8.
- In the event of a crisis, 40% of companies have no emergency plan7.
- 51.1% of companies that manage reputation risks spread a risk culture across the organization, 46.8% identify possible sources of threats, 39.2% manage crisis situations, 25.2% measure how the company is perceived externally2.
- 80% of companies that have set up a monitoring unit for online reputation do so to find out what is being said about them and their products9.
- 25% of monitoring units have been in place for less than a year9.
- 7 hours a week on average are spent by companies tracking their online reputation2.
- 18% of companies that monitor their online reputation belong to the Telecommunications, Services, Communication and Advertising sectors2.
- 90% of companies that track their online reputation create and manage content on social networks2.
- 65% of companies that track their online reputation talk directly with their customers and prospects on social networks2.
(1) Study by the Deloitte firm with Forbes Insight carried out in spring 2013 among 300 owners and managers: http://www.deloitte.com/assets/Dcom-France/Local%20Assets/Documents/publications/1311%20Exploring%20Strategic%20Risk/Exploring\_strategic\_risk\_nov2013.pdf
(4) *Radically Transparent (Monitoring and Managing Reputations Online) by Andy Beal and Judy Strauss, 2008
(5) http://www.journaldunet.com/economie/magazine/citations-warren-buffet.shtml
(7) Freshfields Bruckhaus Deringer
(8) http://www.cadic-services.com/gerer-son-e-reputation/
(9) Digimind (www.digimind.com)
(10) ATT Internet, January 2014
(11) https://www.bonial.fr/info/barometre-ifop-bonial-2/
(12) Semji (2014) – study of 1,700 company Google pages
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