Question: Reputation serves to replace the costs ( money , time, opportunity, etc. ) of acquiring information with firsthand experiences ( e . g . ,

Reputation serves to replace the costs (money, time, opportunity, etc.) of acquiring information with firsthand experiences (e.g., consuming products or services). Hiring a construction company for hundreds of thousands, even millions of dollars, is a quite costly for such information (so reputation will matter greatly so long as clients have alternatives). For this reason, recommendations to improve reputation are always qualified by type and in reference to costs. Please make recommendations for Sorensen Gross, based on what you discovered as a result of Prompt 1. Separate then into two categories: 1) Operational Efficiency Change Recommendations (those that create better signals but are typically more costly to implement in terms of time and money) and 2) Signal Management Recommendations (managing the signals that are already out there to promote the positive and mitigate the negative, typically less costly to implement). The idea is also to rank them in terms of the easiest and cheapest to do that will result in the greatest reputational value

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