But a recent study, carried out by Marketing Management Analytics, Financial Executive and Ed See, makes me think that more senior marketing executives should double-check the shine on their resume and perhaps consider a few more networking lunches in the near future.
A very brief summary of that report found in Ad Age frightens me and brings to mind a few courses of action that you can take today, if you find yourself in a similar situation.
What’s the value placed on a social media marketing campaign by the marketers that develop the campaign? It’s hard to tell, because one typically can’t get access to the key metrics associated with the campaign, particularly sales attributed to the effort and ROI.
I was intrigued by a new social push by Sony Ericsson for the Z750a flip phone, created by their agency, Iris. The campaign is titled “Bringing Purple Back.”
Well, neither Sony Ericsson nor Iris would give me any objectives for the campaign. Neither was any information or speculation found on unofficial Sony Ericsson blog sites about the campaign.
Being an inquisitive guy, I decided to use the crude but effective research technique of following the money to learn more.
You plan for offensive operations, while you prepare to play defense. You’ll find this concept in both warfare and sports, and it’s applicable in business as well.
I much prefer playing offense, because that’s where you score and generate revenues. A strong business offensive plan also limits the amount of places you’ll need to prepare to play defense, freeing up more resources for–you guessed it–playing more offense.
What’s an example of planning as opposed to preparations in a marketing context?
A great example can be found in the United States Postal Service and the annual postage increases. If you’re using direct mail as a marketing channel, you can be sure of two things:
Our products are guaranteed to give 100% satisfaction in every way. Return anything purchased from us at any time if it proves otherwise. We do not want you to have anything from L.L. Bean that is not completely satisfactory.
Unlike a lot of companies, L.L. Bean really lives by their guarantee.
I’ve been working on a list analytics project recently and that’s resulted in me thinking of, among other things, universes. I’ve started to think about model performance and how the changes to the economy might be impacting marketing results.
However, I wasn’t tempted to write this post until two things happened yesterday. First, I received MediaPost’s Email Insider newsletter on the subject of customer lifecycle. Then, I needed to drive to a client yesterday and noticed that I’ve been driving a different car more frequently.