Some Worring Trends for CMOs

Some Worring Trends for CMOs

Here are some worrisome trends from CMO priorities in a Marketing dashboard from a Gartner survey –

Gartner surveyed CMOs across 600+ companies and asked them ‘the most important metrics on their marketing dashboard’.

First the good news:
Share of wallet is # 2, competitive benchmarks got high ranks.

Here is what’s worrying:
1. Priority being awareness; brand health, share of voice, sentiment getting high rankings imply that marketers are still looking at yesterday’s metrics / branding metrics and not a contribution to sales.

2. ROI & CSAT measurements are very low behind branding priorities

3. The elephant in the room is nobody is tracking ‘% contribution to revenue’ by marketing. What gets measured gets done. If no one is tracking this or bothered about it – then it isn’t a priority.

CEOs & CFOs look at ROI and % contribution to revenue. It would be troubling for marketing’s relevance and ability to set the agenda for a company if CMOs are not able to make a case of which Marketing campaigns contribute maximum to Revenue!

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