How do licensing issues affect a company's reputation?
Licensing issues can significantly damage a company's reputation by undermining trust and credibility.
Can you give me examples of companies that faced reputation damage due to licensing problems?
Sure! Companies like Uber and Spotify have faced backlash over licensing disputes, affecting their public image.
What steps can a company take to mitigate reputation damage from licensing issues?
Companies can proactively communicate with stakeholders, resolve disputes quickly, and ensure compliance with licensing agreements.
Are there any long-term effects on customer loyalty due to these issues?
Yes, long-term effects can include decreased customer loyalty and trust, which may take time to rebuild.
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