New Study Reveals Disconnect Between Comms Execs and C-Suite Over Marketing Priorities: CMOs Feel Constrained Because Others Fail to See Strategic Value of Marketing

A new global study uncovers a lack of consensus in many organizations between chief marketing officers and the rest of the C-suite over the value marketing provides to the company. The Economist Intelligence Unit report, Outside Looking In: The CMO Struggles to Get in Sync with the C-Suite, was sponsored by business analytics software vendor SAS, a leader in customer analytics.

According to the survey, non-marketing executives — CEOs, CFOs, CIOs and other functional heads and board members — prioritize driving revenue over acquiring new customers (30 percent to 19 percent). For CMOs, however, marketing priorities are new products/services creation and customer acquisition, while driving revenue ranks third.

This is not the only disconnect. CMOs and other C-suite executives also disagree on what metrics best track marketing ROI, whether the company clearly understands customer tastes and needs, who represents the voice of the customer within the organization, and which channel is most effective for customer engagement. These fundamental differences may explain why an alarming one fifth of CMOs say they are only consulted on marketing strategy, but don’t take the lead (3 percent report playing no role at all).

The findings illustrate a dilemma. While 28 percent of CMOs blame their inability to deliver more value on a lack of senior management support for marketing investments, only 17 percent of other C-suite executives agree.

Half of CMOs say their ability to be more strategic is stymied by a shortage of marketing talent and challenges in clearly demonstrating return on investment (ROI). And nearly half report disagreement over what marketing should be delivering.

These results indicate that CMOs are not convincing C-suite colleagues that marketing significantly contributes business value. CMOs stand a better chance of increasing their internal influence — and changing lingering doubts about marketing’s strategic contribution to the business — if marketing can consistently deliver insights and capabilities that benefit others across the organization, including salespeople, call center agents and merchandising teams.

Applying analytics to the wealth of customer, operational and financial data within an organization and using the resulting intelligence to drive business performance will help. With this big data, CMOs tie customer insights to strategic outcomes across all channels and business functions not only have a meaningful effect on customer experience, engagement, loyalty and marketing performance, but can also prove ROI — and thrive.

We've updated our Privacy Policy. Read the updated policy →

PR Biz Update PR Agency News PR People Marketing Trends
company-employee connection, disconnected workforce, employee disengagement, Employee engagement, employee training, Erika Trautman, Internal communications, Marketing, Pr, Public relations, Rapt Media, U.S employees, underappreciated workforce
U.S. Employees Are Detached and Disconnected: Workers Want More Innovative Training, Internal Communications

U.S employees feel underappreciated and disconnected, and many believe their internal...

ad blocking, ad tech industry, ADTECH, Alex Groth, anti-ad blocking efforts, content quality, Gladly, Goodblock ad blocker, Marketing, Online advertising, Personalization, Pr, Public relations, user ad blocking Report, user-friendly advertising, whitelisting behavior
Ad-Blocking Anxiety: 77% of Ad Blocking Users Feel Guilty About Doing It, Gladly User Ad Blocking Report Finds

Gladly, an adtech startup making user-friendly advertising, recently released its first...

brand trust, consumer decision making, Marketing, Most Trusted Brand, most trusted resources, Pr, Public relations, Reader’s Digest, trust elusiveness, trust rankings, trusted brands, trustworthy brands, Word of mouth
Brand Trust Rankings: Reader’s Digest Announces 2016’s Most Trusted Brands in 40 Product Categories

New Report Also Reveals the Most Trusted Resources Consumers Rely On...

Thought Leaders On Deadline
Barcelona Principles, Christine Perkett, Marketing, Measurement Month, PerkettPR, Pr, PR analytics, PR benchmarking, PR Measurement, Public relations, SeeDepth, share of voice
What’s the Buzz Surrounding Measurement Month?

By Christine Perkett, Founder, SeeDepth As PR pros, we hear the...

data science, Marketing, Marketing Evolution, marketing industry, marketing qualifications, marketing skills, Pr, Public relations, Ryan McCready, skills gap, Venngage
Marketing Skills 2016: Are You Qualified to Be Hired?

By Ryan McCready, Data Scientist, Venngage If you were looking for...

Alexa Lemzy, brand marketing, Email marketing, Marketing, marketing budgets, marketing channels, marketing priorities, mobile integration, Mobile marketing, Pr, Public relations, SMS marketing, text marketing, TextMagic
Marketers Need to Make SMS and Email Play Nice Together—Here’s Why And How

By Alexa Lemzy, Customer Support & Content Manager, TextMagic Mobile is...