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Brand, Identity and Reputation: Exploring, Creating New Realities ...

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content (UGC) or even direct interaction with their customers <strong>and</strong> other stakeholders. Finally, corporate br<strong>and</strong> managers<br />

who have an external stakeholder-oriented perspective on br<strong>and</strong> management <strong>and</strong> feel rather pessimistic about the<br />

internet-based democratisation phenomenon, are worried about negative <strong>and</strong> fake user generated content, for example,<br />

negative online product reviews written by competitors. Or, in extreme cases, customers apparently dem<strong>and</strong> to be<br />

offered special discounts <strong>and</strong> threaten otherwise to write a negative review about the organisation online.<br />

In terms of limitations, this research is just a first work-in-progress report about the exploration of managerial<br />

perspectives on the internet-based democratisation of corporate br<strong>and</strong> management. Further investigation is needed.<br />

Regarding originality, this research represents one of the first applications of second generation grounded theory<br />

method in marketing management research. Furthermore, the findings are based on interviews with senior corporate<br />

br<strong>and</strong> managers, a group who have hardly been interviewed in the past when it comes to phenomena like the internetbased<br />

democratisation of br<strong>and</strong> management. And the erosion of control felt by some of the corporate br<strong>and</strong> managers<br />

leads to the conclusion that, at least in some cases, there is a dem<strong>and</strong> for a new br<strong>and</strong> management paradigm.<br />

Figure 1: Managerial perspectives on the internet-based democratisation of corporate br<strong>and</strong> management<br />

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