If you head up marketing efforts for a major corporation and you haven’t already asked yourself that question, trust me: you soon will. As noted in a recent New York Post article, today’s marketing executives are no longer judged solely on their ability to effectively promote a company’s products.
More and more, you’ve got to drive strategy and growth. Top marketing executives now must juggle demands that include functioning as an internal “change agent,” integrating internal and external communications, forecasting future trends and contributing to overall strategic direction.
As the Post article points out, companies are seeking chief marketing officers (CMOs) who can handle all the tasks while keeping an eye on overarching issues. “They’re not looking for an advertising person anymore,” Jane Stevenson, who heads Heidrick & Struggles’ global search practice for CMOs, told the Post. “They’re looking for a strategist.”
This expansion of CMO duties first appeared in the major consumer brands of the world. However, as with most trends in marketing communications, it’s only a matter of time before it takes over in the BtoB space. And the companies that embrace a more comprehensive approach to marketing will have a decided advantage over competitors who don’t.
Granted, tactical advertising and marketing initiatives still make up the lion’s share of marketers’ efforts, particularly in the BtoB space. But too many BtoB marketing executives are spending all their time and money running the same ads in the same trade publications and attending the same trade shows.
So who’s paying attention to the subtler but equally important strategic and marketing activities—particularly those directed at an internal audience? You should be.
Tuesday, February 27, 2007
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