Marketing - The Neglected Child
Marketing - The Neglected Child
Recently, Coca Cola decided on scrapping the
Chief Marketing Officer (CMO) role after the incumbent retired. Also, the same
day, I read some interesting finding that rarely do CMOs become CEOs. That got
me pondering. So folks, will you answer me? What do you think of the Marketing
team in your company? More often than not, ‘marketing’ is viewed as the glamour
function with visions of various media, celebrity models, graphics, creatives
and all sorts of brouhaha associated with it. However, from where I see it, I
would beg to differ. There is a general lack of respect for marketers. That’s
why, I’d go on and like to call Marketing as the neglected child. Especially in
the B2B enterprise services industry, it’s probably one of the necessary evils
that an organization needs. So why is it that marketing is looked down upon?
For starters, marketing is one department
that always seeks money. Most of this is for branding, advertising, creating
assets, images, graphics etc which are often hard to link to an increase in
sales. Also, most of marketing activities require time to yield results. And
again, it’s very difficult to attribute these results directly to marketing. A
certain level of cadence as well as consistency of messaging is vital. Typically
in a B2B enterprise services company, consistently capturing the mindshare of
potential consumer is the key. And this requires patience as well as money. This
leads to internal folks perceiving marketers as extravagant spenders on vague
stuff often failing to understand the key concepts underlying marketing.
Call it an occupational hazard or trait, but
marketers almost have no direct touchpoint with the end customer. It’s always a
sales rep, account executive, customer success & project managers or the
CEO that interact directly with customers and prospects. Marketing’s role is to
create that funnel that will make prospects ready for such conversations or to
prepare internal teams to face them. Despite being responsible for all outward/
customer facing messaging & presence of a company, you will hardly see any
marketing personnel interacting directly with them. Even in key strategy
meeting and board discussions, marketing gets the least priority as operations
and finance and even recruitment heads get attention. Marketing is often viewed
as a money-guzzling execution medium to satisfy the needs of these teams.
Internally, project (operations) and sales
team are often the glamour boys at events & awards due to successful
go-lives or a key client acquisition. On the other hand, the Admin, IT, HR and
Finance teams are popular internally because of their roles which necessitate
interaction with employees. Its only marketers that are left in the lurch,
neither known internally nor talking to outside world. In fact, they are often
looked down upon as ‘liars’ who are not ‘practical’ by project teams and
‘ineffective’ by sales teams. Since companies cannot count on their marketing
departments for direct results, CEOs instead turn to operations and finance to
increase profitability by cutting costs, optimizing utilization or reengineering
the supply chain to grow revenues. Marketers are thought of as folks with no special
skills who just go around work using their own hunch without any rationale to
their methods. The best a marketer can get is that often people confuse them
for ‘sales’ and associate frequent customer facing travel.
While these are indeed the stark realities of
a marketer, I’d like to put in my two cents to see if this can help their
cause. Marketing as a department is highly strategic, cross-functional, and
bottom line oriented. Digital provides this opportunity today with marketing
being galvanized by lot of tools, data & tech. In fact, most departments
work in siloes but marketers talk to operations for showcasing case studies, to
product teams for providing market trends that shape a solution, to finance for
managing costs, to sales for providing leads and to HR for internal branding
& recruitment campaigns. Even the senior leadership issue statements or
quotes that are drafted & framed by the marketing team. Marketing has to
keep in touch with not only every aspect of their company but also the keep
eyes and ears on the various happenings in the industry. In fact, I’d go a step
ahead and say that a marketer needs to even look at macro-economic factors and
probably try and connect that to some of the services the company has to offer.
It’s a highly creative function which requires its personnel to constantly
innovate, iterate, think on their feet and present the company to the external
world.
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