Given all the pressure to deliver "in quarter" results, it's becoming
increasingly difficult to get executive attention on strategy formation
and/or re-examination. Executive energy is largely consumed with driving
operational excellence and available "cycles' are devoted to sales and growth
initiatives designed to drive near-term, measurable improvements in sales
and/or profitability. It makes sense given we are still "heads down"
working our way out of an enduring global recession.
Nevertheless, there's a risk that by ignoring meaningful strategy formulation
today, your company will likely limit its growth potential when the economy
actually picks up. So where does that leave marketers who understand the
need to craft and refine strategies to drive long term competitive
advantage? Do we just wait for the recession cycle to end and then raise
our hands highe... (more)
It's anyone's guess when the recession bottoms out and we get back to
growth. Rather than remain in a "state" of denial - like California did for
too long - or adopt a hunker down mentality - "let's just ride this one out"
- as many companies have, there's a middle path of taking proactive measures
steps now, so that when growth reappears, your company is better positioned
to gain an unfair share of the increased customer demand that will be there
to harvest. Here are a few considerations to come out will your guns
ablazing.
Get back to basics. One of my colleagues recently s... (more)
Most organizational experts will tell you that when joining an organization,
the company's culture is the key to determining whether you will thrive or
suffer in a given work environment. While this is true for a mid-level
manager or individual contributor, the closer you get to the top, the less a
culture matters and the more the CEO's leadership and management style impact
your work satisfaction.
I learned this when early in my career I was a director at a privately held
company that was acquired by a much large public company. In a matter of a
few weeks our approachable, per... (more)
This past spring, the CMO Council issued a press release about the “DNA of
a CMO, “stating: “among the most essential qualities, a CMO must be: a
visionary & thought leader; a strong business driver; able to secure
executive support & foster cross functional relationships; customer centric;
competitive strategy guru; and a brand advocate & champion.”
These attributes make sense, but the ability to “secure executive
support” doesn’t quite capture the hardest, and most essential, quality
and success factor I’ve seen for CMOs (at least in technology companies
where’s I’ve spent the... (more)
Over the past 15 years waging war in the technology marketplace, I’ve come
to appreciate that the first battle for marketing is often the one fought
inside a company between sales and marketing. Let’s face it, the two
functions are often at odds due to the he fundamental schism of one function
primarily rewarded for delivering near term results, i.e. get sales this
quarter, and the other function primarily rewarded for creating competitive
advantage and building brand preference.
It’s no wonder there’s a lot of finger pointing in the hallways and
conference rooms across America... (more)