Disruptive technology in mobile, social, and the cloud requires much more than visibility and activity. To master these platforms requires presence and a commitment to steer thoughtful activity to the benefit of your organization as well as the experiences of those who define it.
Marketing leaders are grappling with some tricky questions these days, many of which boil down to how to build agile organizations. Following are the conclusions that the smartest CMOs are making in regard to a trio of pain points.
Analysis of informal networks offers a potent leadership model for the C-suite. Organizations that want to improve the effectiveness of their top team — and therefore the performance of the full organization — need to start by recognizing the true source of the top team’s value.
Multiple factors can drive changes in leadership, but it's safe to say that today's CMO has never faced a more challenging time. CMOs that fail to keep pace with their competitors and use available customer data to identify and then meet customer needs and preferences will quickly become expendable.
Once the decision has been made to continue to invest in an under-performing brand, brand owners will be faced with a new set of challenges completely foreign to them. The temptation is always to do more of what got you there. That rarely works when brands face reinvention.
Social media works best for B2B companies when people connect directly around topics they are passionate about. Connections work even better when no one in the group is pushing a particular agenda.
When we think about our brands, we think long-term and short-term. I like to think in terms of reputation and advertising. My rep is based on my long-term behavior, how I handle myself, how I behave, and the trail I leave behind. Advertising is more ephemeral—I might try ways to enhance my visibility and to promote my products and services. Although an ad campaign might bomb, my rep keeps me afloat so I can try again.
A crisis plan might make sense on paper, but when it comes to practice, many key elements of a solid plan are often forgotten. This is where practice comes in--and that practice most commonly needs to be initiated in the CMO’s office.
Among the many changes wrought by the digital revolution, none is more profound than the effect it has had on the makeup of the marketing organization. A recent survey of marketing executives at more than 30 major corporations by The Boston Consulting Group aims to determine what, exactly, is going on organizationally and how these companies plan to capitalize on the opportunities afforded by today’s technologies—which they, rightly, see as difficult and time-consuming tasks.
Ray William Johnson curses constantly, often gives his audience the finger, and sometimes dresses up as a penguin, but he is attracting more than 5 million regular viewers, making him the biggest draw at Google Inc.'s online-video outlet. To be sure, major marketers like McDonald's have also taken notice.