Is your marketing department taking advantage of MOM and MRM? Do you have BAM and DAM systems in place? Do you know how to measure NPV? Do you even know what I'm talking about?
If so, you may not be a "Quant" (a marketing scientist or specialist in marketing analytics) but you're certainly ready to seize a leadership role and spur your company into the new world of Marketing Operations.
Marketing Operations (AKA MOM or Marketing Operations Management) seeks to improve performance and measure ROI through sustainable processes, best practices and clearly-defined metrics. Admired technology companies (like Intel, IBM and Adobe) are hiring VP or director-level individuals to refine and fine-tune their marketing organizations to run with an operational focus. Market research firms like Gartner and Forrester are also rolling out new research services with a heavy focus on Marketing Operations. And the first U.S. conference on Marketing Operations was held in New York this past May.
Marketing operations tackles:
(1) measuring the performance of marketing effectiveness;
(2) ensuring appropriate marketing organization;
(3) deploying marketing processes, tools and infrastructure;
(4) managing marketing skill development; and
(5) building a sense of community across the marketing discipline.
Why should you care?
For starters, Marketing Operations is a great vehicle for becoming more strategic and less buried in task. It equips you to talk the language that C-level executives appreciate, take control of your destiny and ultimately become more valuable to your organizations. Best of all, you can address head-on the issues that affect you directly and also represent corporate America's biggest challenges, including how to:
(1) define meaningful success metrics from which performance can be measured (one type of measure, NPV or Net Present Value, calculates the present value of an investment's future net cash flows minus the initial investment);
(2) optimally leverage resources in increasingly thinner marketing departments (MRM or Marketing Resource Management focuses on workflow, role definition, project management, planning, budgeting and other resource allocation strategies);
(3) more effectively manage shared knowledge so insight is retained even after key employees move on, enabling more informed decision-making (knowledge management strategies include BAM or Brand Asset Management, and DAM or Digital Asset Management); and perhaps most importantly
(4) replicate successful marketing programs so marketing best practices are institutionalized (and you aren't).
Gary M. Katz, APR, is president and CEO of CommPros Group, a Santa-Clara, Calif.- based firm that provides marketing operations services to help companies leverage their marketing investment, plus a variety of outsourced marketing program management services to support lean marketing departments. Gary is a 23-year veteran in the technology industry where he directed has corporate marketing, communications, public relations, lead generation and qualification, investor relations, and employee communications programs. He has served as director of communications for ShoreTel, director of corporate marketing for Aplix Corporation, senior manager of corporate communications for Insignia Solutions, and also worked with a variety of public relations and marketing communications agencies. A past president of Silicon Valley PRSA, he holds a master's degree in organization development from the University of San Francisco and a BA degree in public relations from San Jose State University.
For more information, visit CommPros Group at http://www.commprosgroup.com
Whether you market online or offline, you already know the... Read More
To read the beginning of this special report, you can... Read More
Entrepreneurs pay a lot of attention to the mechanics of... Read More
Sounds pretty harsh, doesn't it? Well, I can tell you... Read More
The postcard can be a very powerful marketing tool. Many... Read More
Who would have thought that a three month newbie and... Read More
One of the hardest things for you to do as... Read More
"Both the market and the distributive channel are often more... Read More
The phone rings. Good news... it's a potential client. You... Read More
Can you remember the last dozen advertising messages beamed at... Read More
TOP 10 TIPS TO GET YOU MARKETING TO SUCCESS ON... Read More
Okay, we were kidding about the smoke, but not about... Read More
Have you thought about starting your own business? Have you... Read More
If you want to learn how effective Niche Marketing can... Read More
There are so many competitions by running business. So you... Read More
©2004 Jeffrey DobkinThere are two types of lists, determined by... Read More
Two years ago I started my small Virtual Assistant business... Read More
Without new business, your restaurant won't be able to grow.... Read More
The most important part of any marketing you do is... Read More
Organizations often get stuck in neutral when it comes to... Read More
So, you want to know what your competitors are up... Read More
When you attend networking functions, what kind of name tag... Read More
If you've got a mailing list of at least a... Read More
Businesses and other organizations use focus groups to research consumer... Read More
Most businesses target only people "ready-to-buy". These hot prospects are... Read More
Contrary to popular belief, the best use of business cards... Read More
People do business... Read More
Value proposition is treated as the standards or service that... Read More
One person tells another, who tells another, who tells another... Read More
Are You Riding The Marketing Roller Coaster?If you're like many... Read More
The United States Post Office in the past had some... Read More
Anybody that frequents shopping malls are familiar with the bar... Read More
Our bodies work like our small businesses. They work best... Read More
Generation Y--The second-largest crop of young people in America's history,... Read More
The world of marketing has changed. With increasingly better educated... Read More
Before you ever get on the telephone, send a marketing... Read More
Everything you do - or don't do sends a message... Read More
In previous articles, we discussed the generation of a contact... Read More
This newsletter is full of opportunities staring you in the... Read More
Certainly the newest earth quaking event in Internet Marketing insider... Read More
As a life-long dancer, I know a bit about the... Read More
I don't know about you, but I secretly love watching... Read More
Gain the exposure you need to succeed with these ten... Read More
Every business and professional practice MUST be in the public... Read More
Feng Shui is the Ancient Chinese practice of configuring home... Read More
Your marketing materials must grab your prospect's attention long enough... Read More
Yesterday I received a phone call from an acquaintance that... Read More
A colleague who does work for a nonprofit organization contacted... Read More
Do it Right.I receive postcards all the time. The other... Read More
Your URL (www) should be everywhere and more.I know many... Read More
The REAL key to successful marketing of any product is... Read More
Available to all small businesses are business lists, which come... Read More
How do you answer the seemingly easy question, "What do... Read More
Some of the ways in which to get your "name... Read More
Businesses and other organizations use focus groups to research consumer... Read More
Imagine having at your disposal a means to immediately inform... Read More
How many Hispanic people live in the US currently. Well... Read More
I enjoy cleavage as much or even more than the... Read More
So, you want to know what your competitors are up... Read More
People are known to shop on impulse- buying an item... Read More
In business we have a number of ways or tools... Read More
Looking for a great way to drive traffic to your... Read More
You can have the best little business ever with wonderful... Read More
Have you looked for marketing advice on the internet recently?... Read More
Many small and home based businesses know they need to... Read More
Business cards and greeting cards almost go hand in hand... Read More
Marketing |