Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

brand crisis

A special form of a product-harm crisis where the negative event centers on one particular brand or a set of brands belonging to the same company. When a brand crisis breaks out, consumers and other stakeholders (e.g., shareholders, the media, regulators) are likely to raise questions about the affected brand and why the crisis happened such as: who is to blame? Is the event likely to happen again? Is it true? What does the crisis signal about the brand? 

Short-term effects of a crisis are lost...

Professor of the week

Kristiaan Helsen
Kristiaan Helsen is associate professor of marketing at Hong Kong University of Science and Technology