5 Ways to Make Marketing More Strategic
As Marketing departments are taking a bigger role in customer experience management, a more holistic perspective will allow your company rise to the top of the field. Supporting the entire customer lifecycle, for example, is a goal that most Marketing organizations are still grappling with. Everyone acknowledges that customer retention is more cost-effective than acquisition, yet Marketing tends to put the majority of its resources in awareness-building and sales conversion. Resources dedicated to post-purchase customer experience management tend to be repurchase campaigns and loyalty programs. There’s so much more opportunity to be reaped, and so much more nurturing that can be done, yet it’s not just a matter of throwing more resources at it, but rather, managing Marketing more holistically through-and-through.
Marketing can easily get stuck in the weeds of executing plans, fire-fighting unexpected dilemmas, and jumping on new ideas. In the constant treadmill of daily life, marketers may be missing high-value opportunities. What’s needed is more than high-level thinking, or creating your annual plan, or thinking out-of-the-box.
“Strategic” simply means something is directly aimed at achieving what a whole organization, system, or venture depends upon. It’s steering the ship, future-oriented, and widely empowering.
Here are 5 ways Marketing can increase strategic impact.
It’s all about connecting: goals, people, metrics, processes, and data.
1. Connect to Enterprise Goals
Context is the mantra for making something strategic. When everyone sees a clear connection between what you’re doing and what the enterprise wants to become you’ll be viewed as adding strategic value.
Take a look at your corporation’s strategic objectives and find a way to articulate the connection between each thing Marketing is doing toward them. If you find it a bit difficult for any Marketing endeavor, that’s probably a sign that things are becoming tangential rather than value-adding, at least from the viewpoint of key stakeholders who hold Marketing’s purse strings. Keep the strategic connection front-and-center for everyone so they’ll rise to the occasion in that strategic context.
2. Connect People
People will always be the source of innovation and productivity, and people working in silos is not strategic, especially when silo work outputs are mis-matched, duplicated, reinvent the wheel, or get scrapped.
Take a look at who’s doing what, keep your ear to the ground for opportunities to introduce people to each other, and help them find simple ways to coordinate and collaborate together. It will always be easier and more successful when you suggest people connections in the context of striving for enterprise goals as common ground and shared vision.
3. Connect Metrics
Metrics shape perceptions and behaviors, so they’re powerful toward helping the enterprise become what it wants to become — or not. One of the most overlooked opportunities to get more strategic value from your metrics is to connect them across a Marketing process.
Take a look at a Marketing area that’s closely tied to enterprise goals, and dissect what that Marketing area does: tracking outputs might be obvious, but how about tracking the inputs that area relies upon? And what about the early warning signals that tell you whether that area is on-course or in danger of veering off course? Connect those metrics from inputs to warning signals to process outputs to market performance, and you’ve got a strategic machine that’s eye-opening and empowering to doers and stakeholders alike.
4. Connect Processes
Processes that are well-designed and connected can free-up resources, improve work-flow, and keep everyone accountable to one another. Broken processes cause lots of waste: precious time and budget, patience, lost opportunities, turnover, blind spots, and so forth. Silo processes face the same risks.
Take a look at everything Marketing does as a flow, and see what epiphanies emerge. For example, the Market Research function’s outputs may provide important inputs to the Demand Gen function’s processes, which may provide important inputs into Sales processes, which may provide important inputs to the Market Research function. Not everything is circular, but a lot of things could probably have more connectivity and flow than your current processes are allowing. Connect processes within each functional area, and between functional areas, and you’ll find new ways to create strategic value.
5. Connect Data
Data spells power when it’s connected to paint compelling pictures, to see insightful patterns, and to show connections between X, Y and Z. In and of itself, any data point may be useful, but when you connect data, the value can become exponential.
Take a look at various sources of similar data and see what emerges when you connect disparate sources to see more angles on the data. Take a look around the company at other functional areas that may have data that could augment yours. For example, design teams often collect certain types of customer data, and the branding teams collects related customer data: why not share across groups? There’s a treasure trove of strategic direction to be gained by busting data silos.
Yes, busting silos is an awesome path toward making Marketing strategic. It will propel others’ perceptions of you as being strategic more quickly than anything else, short of being crowned champion of a strategic initiative per se. Silo-busting in the ways described above is something you can do without waiting for a formal decree.
Make it your goal this year to connect goals, people, metrics, processes or data, and you’ll find big pluses in productivity, morale, employee tenure and career paths, accolades from your stakeholders, and most importantly, big strides with customer relationship strength. Connecting the dots is vital to keep your Marketing organization thriving, and customers buying and evangelizing.
Watch our Leap Day launch announcement webcast recording introducing the Marketing Future Forum as a mission critical tool for your Marketing organization’s success in the future. Leap forward in this Leap Year to ready your Marketing organization for the future.
ClearAction and Marketing Operations Partners are sister companies, with Lynn Hunsaker heading both consultancies. She and Gary Katz (chairman and chief strategy officer of Marketing Operations Partners) are the architects of the Marketing Future Forum, based on guidance from marketing executives in leading corporations.
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