Disrupting the disruptors
As marketing undergoes a profound and enduring shift, 90 percent of today's CEOs and chief marketing officers believe theCMO role will change fundamentally over the next three years. Our global survey of almost a thousand CMOs has identified a small cohort of marketers leading the charge.
In the face of disruption, our research reveals how these chief marketing officers have been hugely successful at delivering hyper-relevant customer experiences—in turn, providing significantly greater value to shareholders.
Watch our video for an introduction to the new brand of CMO:
Pioneers that outperform
Our analysis finds that investing in a portfolio of companies with leading CMOs would, on average, have outperformed a portfolio of other companies (with the same allocation across industries) by up to 11 percent per year.
The customer is always right here
What’s their secret? CMOs are breaking with business as usual and inspiring lasting change through new actions and behaviors. They’re making the customer central to their thinking and vision not just in the services they provide but also in how they adapt. They're building a customer-obsessed organization, rewired from the inside-out with new technologies, new customer expectations and a new accelerated pace for change. They've created what we call a Living Business: one that continuously adapts at speed and scale to achieve total customer relevance and sustained growth.
It’s not all about the budget
What are these CMOs doing differently? They're not just spending more; instead they are finding new unique ways to unlock value.
Marketing is not a department. It’s a mission
Two in three CEOs don’t believe that their current marketing leads have the leadership skills or business acumen required for the role. However, don’t be discouraged, this represents a tremendous opportunity for chief marketing officers right now. Never has there been a better time to make your mark than to follow the pioneering 17 percent of marketeers leading the way. CMOs can make an exponential impact, starting with these areas:
- Pursuing disruptive growth. Challenge the status quo, pursue radical new avenues for future growth that overturn outdated legacy processes and redefine customer experience.
- Getting granular about growth. By leveraging analytics, drive new insights that inform your growth strategies.
- Re-orientating and re-invigorating your organization around the customer. Deliver hyper-relevant customer experiences at every touchpoint, building agility into the organization to evolve to the changing needs of the customer.
- Become the architect of a new operating model. Rewire your organization with a new, more connected operating model—build collaboration among both internal groups and external partners and develop the right skills and behaviours to drive sustained growth.
There’s never been a better time to be a marketeer
Chief marketing officers are starting to embrace the Living Business mindset. They adapt ahead of the curve. They move, at speed, to satisfy customer demand, and craft hyper-relevant experiences that resonate with their customers.
The time for marketeers to take action is now. Are you ready to join the pioneering CMOs?