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Turning Uncertainty into Opportunity: 5 Takeaways from the 2025 ANA Masters of Marketing

How leading CMOs are transforming uncertainty into a catalyst for growth, creativity, and human connection.

This year’s ANA Masters of Marketing Conference felt a little different. As Adweek put it, “The Masters of Marketing conference is trying to pivot away from case studies toward forward-looking action.” 

That shift — from looking back to moving forward — was palpable across the main stage. And it resonated deeply with us at Prophet, where our purpose is to help clients unlock uncommon growth — growth that is faster, smarter, more human, actionable and sustainable. There are many ingredients which marketers can turn to— customer insights, brand, creativity, data, human-centered use of technology like A.I.

Prophet is a flagship sponsor of the new ANA Brand Practice. Our team was in Orlando, and here are five big themes we took away: 

Image: Mathilde Delhoume-Debreu, Global Brand Officer at LVMH

1. Uncertainty is Opportunity in Its Rawest Form

The Excitement of AI Spills Into Our Everyday

Author and innovation expert Peter Hinssen opened the week with a challenge: “Innovate when you can, not when you need to. If you wait, you’ll be too late.”

In his keynote on the never normal, Hinssen reminded marketers that innovation follows a familiar rhythm — slow, fast, then normal again — but today’s cycle due to advances in AI is accelerating. His advice: make the “never normal” your friend. 

His formula for thriving amid uncertainty felt tailor-made for today’s leaders: Anticipate. Adapt. Build resilience. 

Because uncertainty, he said, isn’t chaos — it’s opportunity in its rawest form. 

The next day, Shelly Palmer, founder of Palmer.ai, offered a complementary — and more provocative — take. His talk framed AI not as a technology problem, but a leadership challenge. 

He walked the audience through the evolution from AI to AGI (Artificial General Intelligence) to ASI (Artificial Super Intelligence), warning that machines are already outpacing humans in narrow domains. But the bigger story, he said, isn’t fear — it’s focus. 

“The language of code is English,” he quipped. “And every morning, you wake up in a world where technology is a little better than it was yesterday.” 

As automation continues to eat away at operational and executional work, leaders must reclaim what is uniquely human: strategy, storytelling and systems thinking. Palmer’s point was clear — the power is not in the algorithm, but in how we choose to direct it. 

Then he ended with a deceptively simple question that hung in the air: “In the future — who gets this email?”

Together, Hinssen and Palmer reframed the week’s mood: this is not a moment to fear disruption; it’s one to design for it. 

2. Humanity Is the Antidote to AI

Why Emotional Connection Still Reigns 

Despite the relentless pace of AI talk, the most powerful stories in Orlando were deeply human. Time and again, the brands that stood out were the ones that built intimacy, trust and meaning — not just efficiency. 

Timothy Ellis, CMO of the NFL, reminded everyone that even the biggest brands need to stay personal. With access to massive budgets and cultural reach, Ellis could easily lean on spectacle. Instead, his focus is on humanizing the league — literally by “unhelmeting” players to show who they are and what they care about. 

By spotlighting their personalities, passions and causes, Ellis has deepened emotional connection between fans and players — and even more strategically, between new generations of fans and the sport itself. “Our sweet spot,” he said, “is reaching people before they turn 18.” 

He also took a refreshingly mature stance on brand voice in a divided culture: “I have 200 million fans,” he said. “I’m not going to make them all happy all the time.” 

Hernan Tantardini, CMO at Pepsi, brought a similarly human lens to scale. He spoke about creating intimacy with consumers by knowing “every cluster” of them — across needs, moods and micro-occasions. It’s not about one big brand story, but a mosaic of connections built from deep empathy and insight. 

From the B2B world, Mimi Turner and Jann Schwartz from the LinkedIn B2B Institute made the case that “radical humanity” is just as critical in business marketing. Their research on buyability revealed a surprising truth: 40% of B2B deals get stuck not because of weak propositions, but because the buying team can’t agree. Fear of messing up outweighs fear of missing out. 

Their point: understanding human emotion — even in committee — is as vital to conversion as any feature or benefit. 

And then there was Mathilde Delhoume-Debreu, Global Brand Officer at LVMH, who took the crowd on a visual journey through The Art of Crafting Dreams. Through stories from LOEWE, Hennessy, Tiffany and Belvedere, she shared LVMH’s “4Cs of Luxury”: 

  • Exceptional Craft
  • Elated Customer
  • Extraordinary Creativity
  • Elevated Culture

Her message was elegantly simple: “In luxury, you can’t simply meet customer needs — you must surprise and elate them.” 

Her presentation was a love letter to imagination, proving that even in a data-saturated world, aspiration and artistry still matter most. 

Finally the theme echoed in Todd Kaplan’s session from Kraft Heinz, The Case for Brand Building in a Data-Driven World. His rallying cry: “There’s a human behind every click.” 

Kaplan warned against mistaking precision for persuasion. “Data can tell us who we reached,” he said, “but not whether we truly connected.” 

Together, these leaders reinforced a truth marketers sometimes forget in their pursuit of optimization: the more digital marketing becomes, the more human it needs to feel. 

3. Move Fast — and Don’t Break Things 

Culture, Creators and the New Rules of Agility 

If there was one theme that had both energy and laughter, it came from Maggie Schmerin, CMO of United Airlines. Her talk, “Move Fast and Don’t Break Things”, was a masterclass in how to balance speed with integrity. 

“We can’t break things,” she said, flashing the now-legendary “United Breaks Guitars” video to a knowing audience. “We learned that the hard way.” 

Since then, United has rebuilt its brand around the mantra Good Leads the Way. Schmerin shared how that philosophy informs every creative and cultural decision. “Post-pandemic,” she said, “we came back like Michael Jordan returning to basketball — different.” 

United now operates with an internal model that embeds legal, creative and communications together — allowing the team to move quickly and stay aligned. The results speak for themselves: contextual, culture-driven work like “Mean Girls” Day activations and collaborations with Travis Kelce’s podcast that feel both timely and true to brand. 

The power of cultural fluency also came through in Deutsch Family Wine & Spirits’ story. CMO Dan Kleinman described the challenge of connecting with Gen Z and millennial drinkers who view wine as either intimidating or irrelevant. Their solution: start with deep insight, then innovate with both rigor and playfulness. 

They launched Josh’s Seaswept, a light, accessible wine designed for casual, small-group moments. Then they went all-in on creators — embedding their message inside micro-communities rather than broadcasting from above. The payoff? Authenticity, reach and even a viral moment: a limited-edition Josh wine backpack that sold out in six hours. 

Meanwhile, the creator economy itself is exploding. Nicola Mendelsohn, Head of Global Business Group at Meta, stunned the crowd with numbers: creators now generate 2 trillion minutes of content across Meta platforms every year, and the sector is projected to grow by $500 billion over the next four. 

She was joined by top creator Hailey Bailey (Kalil), who gave an insider’s perspective on the new creative ecosystem. “Every brand is different,” she said. “How we work together depends on what you’re trying to achieve.” 

Her advice for marketers learning the new rules of the game? 

“Scroll.” 

Spend time in the ecosystem you’re trying to influence. Observe how people talk, behave and share. The key to cultural marketing is participation, not prescription. 

And yes, Meta also provided a little magic. During Thursday’s lunch, Christy Cooper demoed the new Ray-Ban Gen 2 AI glasses — and lucky attendees found golden tickets under their seats to take home a pair. 

4. Transformation Demands IQ, EQ and CQ 

Reimagining How Marketing Gets Done

Transformation was a constant refrain throughout the week — not just as a buzzword, but as a lived experience. Marketers shared stories not about adopting new tools, but about changing how the work happens. 

Norm de Greve, Global CMO of General Motors, described GM’s creative rebirth as both operational and emotional. Once “the Apple of its time,” GM had lost some of its swagger. Its comeback began not with data, but with rediscovering its soul. 

By shifting from buyers of marketing to makers of marketing — building in-house capabilities across brand, creative, and analytics — GM has regained control of its story. The results: 

  • +20% brand consideration for GMC in under a year 
  • Cadillac now the fastest-growing luxury brand in the U.S. and #1 in luxury EVs 

At Newell Brands, Melanie Huet, President of Home, showcased a different angle: their AI-powered iHub innovation center has tripled their innovation funnel while saving hundreds of thousands in research costs. 

Huet explained how Newell uses synthetic personas and generative design tools to test and refine ideas faster — proving that automation and creativity can coexist beautifully. “AI doesn’t replace imagination,” she said. It accelerates it.” 

Rahul Malhotra of Shell and Kayall Mai of Esquire Bank added another layer, emphasizing that transformation is also a human journey. Both leaders spoke about hiring and development practices shifting away from “what people know” to “how people work.” 

They underscored the importance of soft skills — influencing, collaboration, resilience — and argued that as AI automates rote marketing tasks, the premium will increasingly be on empathy and orchestration. 

As Malhotra put it, “AI can teach skills. Leaders must nurture behavior.” 

Across industries, a new equation for capability is emerging: 

  • IQ for data and systems 
  • EQ for leadership skills, empathy, resilience 
  • CQ for creativity and cultural intelligence 

Mastering that balance, the speakers agreed, is what will define tomorrow’s marketing organizations. 

5. Think Like a Superhero: The Brand Multiverse 

Building Interconnected Ecosystems That Grow Stronger Together 

One of the week’s most imaginative metaphors came from Bill Leiser, CEO of WPP Media, who suggested that brands should start thinking more like Marvel. 

“Brands need to move from tactical activation to interconnected ecosystems of stories,” he said. “Not a campaign — but a universe.” 

It’s a metaphor that works on multiple levels. Like Marvel, great brands have consistent characters, recognizable voices and clear codes — but they evolve through fresh, interconnected stories that reflect the culture around them. 

Marc Pritchard of P&G reinforced that lesson. He urged marketers to resist the temptation to constantly change direction, pointing to enduring platforms like Charmin and Old Spice that have expanded their worlds over time without losing their core. 

The takeaway: brand consistency isn’t about staying the same — it’s about staying true. 

And for the first time, measurement may finally enable this vision. Bill Tucker, CEO of Aquila, unveiled the ANA’s ambitious Cross-Media Measurement (CMM) initiative — an advertiser-owned platform backed by Google, Meta, Amazon, TikTok and others. 

The new solution aims to fix two chronic blind spots in the industry: 

  1. Understanding unique reach across platforms to reduce wasted frequency. 
  2. Measuring true impact across walled gardens. 

“When the industry measures together,” Tucker said, “the industry moves forward.” 

Why it matters? Because better measurement unlocks better growth — through more efficient media spend, improved ad experiences and superior outcome data. 

As Tucker put it, “When the industry measures together, the industry moves forward.” 


FINAL THOUGHTS

This year’s Masters of Marketing wasn’t about incremental improvements — it was about transformation and the idea that uncertainty and transformation are two sides of the same coin.

From LVMH’s dream-making to GM’s soul-searching to United’s agility, the brands that will lead are those who can combine clarity and creativity, rigor and imagination, and above all, the courage to act before they have to.

In the “never normal,” that balance may be marketing’s greatest superpower. 

The post Turning Uncertainty into Opportunity: 5 Takeaways from the 2025 ANA Masters of Marketing appeared first on Business Transformation Consultants | Prophet.

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A Guide for New CMOs https://prophet.com/2025/08/a-guide-for-new-cmos/ Wed, 13 Aug 2025 19:31:48 +0000 https://preview.prophet.com/?p=13507 The post A Guide for New CMOs appeared first on Business Transformation Consultants | Prophet.

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A Guide for New CMOs

For a crash course in what to do first, plan your listening tour and ask the right questions.

Are you in a new role as chief marketer, or perhaps new to your category? This simple guide offers straightforward ideas and insights that can help you succeed.

To start, think about what you need to do in your first 100 days. It is important to consider:

  • Do I need to develop a transformation agenda?
  • Can I create a more compelling go-to-market strategy?
  • How can I make our brand more relevant to customers?
  • Are there foundational tools to put in place, such as a documented customer journey or a marketing plan?
  • How does marketing support the organization’s business strategy?

Given the rapid change in marketing and the greater need to prove immediate impact, we help new CMOs flex the most impactful levers including content, data and digital marketing, as well as reimagine their marketing organization for the modern era of growth engine marketing.

Here’s a quick guide of what to ask, what to do and where to look in the first 100 days.

What to Ask

Asking the right questions up front can help craft the right agenda, identify potential initiatives and create an actionable roadmap. Below are six questions you should explore with your team, colleagues, and agency partners.

  1. How relevant is/are your brand(s) to your most important customers and stakeholders? How relentlessly focused on the customer are insights, strategies and tactics?
  2. Is the marketing strategy aligned to the business strategy? What is marketing’s contribution to the enterprise? How do the rest of the C-suite and the board see marketing’s role?
  3. Are brand and demand priorities clear and integrated—or in competition and at odds? Is there a portfolio marketing strategy in place or is the strategy purely product-focused?
  4. How are you going to engage and empower the sales, communications and product teams? Is there a shared end-to-end customer journey? What culture of collaboration exists or doesn’t exist?
  5. What is the maturity level within the marketing organization for key digital capabilities such as customer data, content, personalization and attribution?
  6. Is your marketing team organized in the most efficient way possible and around your business priorities? How might you set up your operating model? How can AI tools and agents help?

What to Do

Here are some recommended actions passed on from other leaders, proven to get you on solid footing and off to a smart start.

1. Schedule your listening tour

Meet with your direct reports and colleagues across the organization, and ask these questions: What do you want me to create? What do you need me to protect? What do you need me to prioritize? Be sure to share back the results and your plan.

2. Create these CMO assets

  • Introduce Yourself Presentation: Prepare a “top 10 list” presentation that addresses these questions: Who are you? Why are you here? What kind of change initiative are you leading? What do you believe about marketing? What do you value? How do you like to work with others? What are your top priorities? What are key milestones for your first six months? What do you expect from your team? What can they expect from you?
  • Vision, Agenda and Roadmap: These are often created in a workshop over a few weeks with a suite of collaborations They should include a description in which the brand can fulfill the business potential, and the springboards, or starting places, that exist now. One key artifact to create is a dashboard to help track progress.
  • Growth Era Marketing Plan: This plan is a modern replacement for the integrated marketing plan and has many of the conventional elements updated for marketing’s new role as a growth engine for the enterprise. Topics include business vision, opportunities, strategies and tactics, customer data strategy, calendar, investment, and key enablers (e.g. content, technology, people, partners).

3. Work in outcomes

Translate your priority initiatives from marketing objectives to business impact. For example:

  • Reducing cost: Investing in a content strategy that leads to search engine optimization will, for the business, reduce the cost of digital marketing that may need to be done.
  • Increasing revenue: Engaging in brand and marketing campaigns that increase customer loyalty can, for the business, increase the share of wallet and customer lifetime value.
  • Improving efficiency: Improving digital experiences can be a reason for a prospective client to work with you, therefore improving the volume of incoming leads, lead quality, conversion rates and retention.
  • Product innovation: Customer insights gleaned from marketing activities and shared with product management can optimize product performance and uncover new opportunities.

Ask your teams to quantify and report their work against broader business impact, not only marketing KPIs. A dashboard that integrates marketing KPIs and business performance can help sustain that conversation and connection.

“When asked business questions (e.g. what have you delivered for the business?), don’t give marketing answers (e.g. NPS).”

Raja Rajamannar, Chief Marketing & Communications Officer, Mastercard

Where to Look

Prophet helps new and tenured CMOs set an agenda and transform their marketing inside and out. Talk to Scott Davis, Mat Zucker, Marisa Mulvihill, Kate Price, Alex Whittaker and our brand and marketing strategy teams. Here are some additional resources which might be helpful:

Books

  • Diary of a First-Time CMO, Alice de Courcy (2023)
  • The Next CMO: A Guide to Marketing Operational Excellence, Peter Mahoney, Scott Todaro and Dan Faulkner (2020)
  • Lies, Damned Lies and Marketing: Separating Fact from Fiction and Drive Growth, Atul Minocha (2021)
  • Chief Marketing Officers at Work, Josh Steimle (2016)
  • CMO Manifesto, John Ellett (2012)
  • Owning Game-Changing Sub-Categories, David Aaker (2020)
  • Creating Signature Stories, David Aaker (2018)

Articles & Speeches

Podcasts

Communities 


FINAL THOUGHTS

The Chief Marketing Officer is a C-suite role that can lead, shape, and help deliver uncommon growth for the organization. Marketing is evolving fast, and every leader—new or tenured—needs the mindset and toolset to stay in front.

Reach out to our brand and marketing experts for advice and support on getting started with your agenda. Have a resource we should mention?

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Rethinking Marketing Maturity in the Age of GenAI https://prophet.com/2025/07/rethinking-marketing-maturity-in-the-age-of-genai/ Mon, 28 Jul 2025 18:10:22 +0000 https://prophet.com/?p=36812 The post Rethinking Marketing Maturity in the Age of GenAI appeared first on Business Transformation Consultants | Prophet.

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Rethinking Marketing Maturity in the Age of GenAI

How CMOs can leap forward—not just level up.

Every CMO we talk to these days knows two things:  

  1. Generative AI will change how marketing works  
  2. They don’t have time to wait and see how  

What they’re asking now isn’t why, but how.  

  • How do we start—without getting stuck?  
  • How do we scale—without fragmenting the customer experience?  
  • How do we prove ROI—without drowning in pilots?  

To answer these questions, Prophet has reimagined what a marketing maturity model should look like in the GenAI era.  

 Let’s Start With a Step Back   

In 2018, Prophet debuted our Marketing Maturity Model to help our clients understand where their companies have the opportunity to transform their approach to marketing and unlock growth. It evaluated marketing capability across key dimensions: content, customer data, channels, operating model, measurement and technology.  

Our 2018 Marketing Maturity Model  

For the most part, with some iterative updates, it has stood the test of time, and we still use it to help guide our clients.   

However, the pressure on CMOs has never been higher. Expectations around marketing-led growth continue to rise, while teams wrestle with talent gaps, disconnected data and flat or shrinking budgets. At the same time, customer expectations demand personalized, real-time experiences and traditional marketing processes can’t keep pace.   

The Opportunity for GenAI in Marketing  

GenAI—and increasingly, agentic AI systems—are reshaping how marketing operates. It’s not just about faster content or smarter segmentation. It’s about fundamentally changing how marketing teams plan, execute and optimize across the entire value chain:  

  • From content creation to campaign orchestration
  • From persona-based targeting to predictive segmentation  
  • From manual reporting to real-time optimization  

And GenAI can supercharge marketing performance:  

  • IDC Estimates that GenAI will increase Marketing productivity more than 40% by 2029.
  • The Financial Times, reporting against an analysis of 167 companies deploying level-3 LLM based agents saw revenue increases of 9-21% for sales and marketing functions.

Early adopters are rapidly out-pacing competitors by embedding GenAI. They are meeting customers’ demands for hyper-personalization and Autonomous AI agents are giving teams more agility than traditional marketing processes allow. And companies that have already started are seeing the benefits of exponentiality whereby the agents learn and become more effective and efficient with time.   

Content Creation and Creative Augmentation  

Generative AI tools act as creative partners, drastically cutting down the time to produce marketing materials and opening possibilities for mass customization. A human-in-the-loop approach ensures brand voice and factual accuracy remain on point. Generative AI supports the creative process so marketing teams can focus on high-level messaging and strategy, confident that the AI can supply a steady stream of drafts or designs to choose from.  

  • Expanded Creative Capacity: GenAI rapidly generates copy, imagery and video—multiplying creative output with fewer resources.  
  • Personalized Creative at Scale: AI enables customization of content variants tailored to segments or individuals without extra lift from teams.  
  • Faster Iteration & Testing: Content variations (headlines, formats, CTAs) are automatically generated, A/B tested and optimized in real time.  
  • Brand Governance Built-In: AI systems can be trained or prompted to comply with brand tone, voice and regulatory requirements.  
  • Creative Co-Pilot to Creator: As capabilities evolve, GenAI will shift from augmenting human creatives to autonomously producing and deploying asset-ready materials across channels.  

Dynamic Segmentation: A New Era of Customer Understanding  

Understanding your customers at a granular level is foundational to effective marketing. GenAI supercharges customer segmentation by analyzing data at a depth and scale that humans  cannot match. Marketers move from static segmentation to a responsive, intelligent system that adapts in real time to market and customer changes.  

  • Granular Precision: GenAI analyzes behavioral, transactional and engagement data at scale to uncover micro-segments and hidden patterns traditional methods miss.  
  • Real-Time Adaptability: AI-driven segmentation evolves continuously based on live data across channels—adjusting targeting as preferences, signals, or behaviors shift, allowing marketing to shift on the fly.
  • AI-Generated Personas: Models can synthesize lookalike audiences and new personas, improving targeting precision and reducing waste in campaigns.  
  • Predictive Insight: GenAI strengthens segmentation with forward-looking intelligence—anticipating churn, lifetime value and conversion probability. It can predict which customers are most likely to make repeat purchases, which are at risk of churn, or which prospects are likely to convert, often with greater accuracy than traditional models, thanks to the AI’s ability to detect subtle patterns.  

Hyper-Personalization of Customer Experiences  

The holy grail of marketing is “the right offer, at the right time, via the right channel, to the right person.” Generative AI is bringing this ideal of hyper-personalization at scale closer to reality. By combining granular customer data with creative generation capabilities, GenAI can help craft experiences and messages tailored to segments of one.  

  • Dynamic Personalization: Combines real-time data and AI-generated content to create truly individualized experiences.  
  • Beyond Messaging: AI personalizes offers, journeys, pricing and digital environments—not just copy.  
  • B2C & B2B Impact: Tailors experiences across the customer lifecycle, from retail to complex B2B buying groups.  
  • Efficiency Gains: Automates content, outreach and optimization—freeing teams for strategic creative work.  
  • Business Outcomes: Increases conversion, customer satisfaction and loyalty by making customers feel understood.  

Autonomous Campaigns and Marketing Operations  

Perhaps the most transformative impact of GenAI will come from automation of marketing operations and the emergence of autonomous marketing agents. In today’s marketing, executing a campaign involves many manual and repetitive tasks. Agentic AI has the potential to choreograph many of these tasks automatically, effectively acting as an extra pair of (digital) hands – or an entire “digital marketing team” – that works 24/7 with perfect consistency  

  • From Tasks to Autonomy: Agentic AI automates campaign execution and internal workflows—acting as a 24/7 digital marketing team.  
  • Faster, Smarter Execution: AI agents optimize performance in real time—audience targeting, budget shifts, creative testing, etc.  
  • Seamless Funnel Engagement: Agents handle early-stage lead qualification, handoffs and conversational marketing.  
  • Cross-Functional Automation: Supports operations like content planning, compliance review and data integration.  
  • The Future of “Marketing Autopilot”: Phased evolution from AI-assisted tools → autonomous agents → fully automated marketing teams.  

Introducing the Prophet GenAI Marketing Maturity Model  

Many marketing leaders  are concerned – are we too far behind already? Noting “Our current marketing wasn’t up to a sophisticated level of maturity before GenAI started to take over, so how can we possibly catch up?”  

Traditional maturity models describe a journey from “ad hoc” to “optimized,” implying you must climb rung by rung. But GenAI has changed the rules. You no longer have to move in sequence—you can jump.  

  • Go from inconsistent content to scalable, brand-safe personalization in a quarter.  
  • Skip the years-long Martech roadmap and deploy agentic systems that act as 24/7marketing teams.  

The trick is not just adopting GenAI tools—it’s embedding them into the operating model.  

Our updated model maps GenAI capabilities across eight marketing functions—from customer segmentation to campaign orchestration—across three stages of maturity:  

Where are you Today—and What can you do Tomorrow?  

Whether you’re piloting your first GenAI tool or scaling autonomous agents, your path forward depends more on organizational readiness than AI capability. Here’s how to move:  

Start Small, Scale Fast  

  • Pilot in areas with low risk and high visibility (content ops, lead scoring, message testing).  
  • Use these early wins to build internal confidence and proof points.  

Design for Integration  

  • Establish a GenAI Center of Excellence or a cross-functional squad. 
  • Align with IT, legal and data to ensure brand governance, ethics and compliance.  

Map to Growth Metrics  

  • Don’t just track clicks—link GenAI to business outcomes: ROMI, CLTV, speed to value.  
  • Create a dashboard that shows GenAI’s contribution to revenue and retention.  

Shift Mindsets & Roles  

  • Upskill marketers to become orchestrators, not just executors.  
  • Redesign workflows to let AI handle the repeatable—and people handle the exceptional.  

FINAL THOUGHTS

Talk to Prophet about how you can embed AI in your marketing and in your marketing operating model for the uncommon growth that great strategy, creativity, innovation and culture can together provide.  

The post Rethinking Marketing Maturity in the Age of GenAI appeared first on Business Transformation Consultants | Prophet.

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What Forward-Thinking Brands Revealed About Growth at ANA’s Brand Masters “Revolutionaries” Conference https://prophet.com/2025/05/2025-ana-brand-masters-conference-recap/ Thu, 15 May 2025 18:04:24 +0000 https://prophet.com/?p=36369 The post What Forward-Thinking Brands Revealed About Growth at ANA’s Brand Masters “Revolutionaries” Conference appeared first on Business Transformation Consultants | Prophet.

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What Forward-Thinking Brands Revealed About Growth at ANA’s Brand Masters “Revolutionaries” Conference

Prophet highlights learnings from leading marketers and modern brands on integrating culture, creativity and performance for long-term business growth.

As we announced recently, Prophet is now the founding and flagship sponsor of the Association of National Advertisers (ANA) new Brand Practice. Given our new partnership, we showed up in forces at the ANA’s Brand Masters “Revolutionaries” conference, held May 7-9 last week in Los Angeles. 

Marisa Mulvihill, who leads our CMO practice, hosted a breakfast with research partner WARC on brand and demand integration; Mat Zucker, our own CMO, spoke on stage about the opportunity in gaming for brands with Ashely McCollum, head of immersive media solutions at Roblox; and Prophet also provided every in-person attendee with a copy of our Vice Chair David Aaker’s Aaker on Branding, Second Edition released that week, giving them the first copies available in America.

This year’s conference was exciting and showcased lessons from brands that are not often heard at national conferences. Over three days, ANA’s EVP Brand & Media Stephanie Fierman and team curated an experience for in-person and virtual attendees, in which, as she explained, “bold, innovative brands take center stage, breaking boundaries and redefining what it means to be a modern marketer.” In addition to Roblox, other presenters came from brands such as True Religion, Poppi, Converse, Saatva, and Target. Topics addressed the brand from every angle, including expanding the case for the brand, brand success at different stages of maturity, and the challenges marketers consistently face, such as brand measurement.  

A Few Session Takeaways from Propheteers in Attendance: 

  • Allison Ellsworth’s story with Poppi showed how bold innovation, paired with culture-first, authentic marketing, can revive even the most stagnant categories. By reimagining soda as a functional, better-for-you product, Poppi disrupted the beverage industry and secured a significant deal with Pepsi.  —Clare Conroy
  • Aki Spicer of Monks and Danielle Spikener of KraftHeinz discussed the organic process of “flirtation through activation” that led to the breakthrough partnership between DJ Mustard and Heinz mustard. Capitalizing on the rap beef between Kendrick Lamar and Drake, Heinz moved quickly to tap into the cultural movement by promoting the authentic partnership between the beat-making grill connoisseur and the legendary condiment company. —Danny Pomerantz 
  • Emily Sly at Popsockets spoke about building a brand to maintain growth. She talked about the need to build the brand to extend beyond the successful product. She shared their brand purpose: Bringing radical positivity to our tech relationships. —Mat Zucker 
  • In a session about brand-led growth and the C-Suite, Audible CFO Cynthia Chu adopts an investment mindset, viewing marketing as a strategic asset rather than a cost center. She recognizes the importance of building trust between marketing and finance by setting aside her functional hat and adopting an enterprise perspective. For measurement, she doesn’t let people use bottom-funnel metrics to measure upper-funnel activity. Find other ways to do it, such as a brand lift study. Some are hard, she knows. They have a category called “feels right” for channels like experiential, which can be tough to measure. Instacart’s Laura Jones got rid of having a separate brand budget and a separate performance budget and collapsed them together. —Mat Zucker 
  • Joe McCambley spoke to Saatva’s in-house transformation and proved that brands can achieve greater efficiency and creative excellence by building internal teams deeply immersed in the product and customer. With the addition of a creative-only home studio and repositioning the brand for a re-defined target audience known as the “Research Junkies”, Saatva unlocked more focused, impactful storytelling.  —Clare Conroy 
  • Tim Parr, inspired by our own David Aaker’s frameworks and stories, explained how a laser focus on the underserved needs of aging Gen Xers enabled the huge growth of Caddis. Building a brand around “aging awesome”, creating a new category of “eye appliances,” and making the product sexy, stylish, and cool has earned Caddis an enviable price premium. —Marisa Mulvihill 
  • When Target rolled out its Holiday 2024 campaign, little did they know how the public would react. Target tells the story of what started out as an innocuous and updated Santa, who went incognito as Kris K, a Target employee, turning viewers on their heads when they all concluded that he was handsome, titling him “Hot Santa.” Target decided to roll with it, using their follow-up ads, which caused a viral internet sensation that appeared on primetime TV shows like The Tonight Show. It was a glimpse into a large company being caught off guard, bending to public response, and pivoting to a more humorous campaign theme versus the original holiday intention of family and the warmth of the season. —Kristi Yover 
  • Not from a brand, but certainly an inspirational expert and best-selling author, Dr. Marcus Collins discussed making meaning through our culture. “We see the world because of who we are.”  Marketers don’t make meaning. We signal it.” —Mat Zucker  

Prophet is partnering with the ANA to help marketers elevate brand as a strategic growth and performance driver. We’ll be focusing on developing tools and insights to position brand as a measurable business asset, integrating brand and performance marketing, advancing brand ROI frameworks to support marketing intelligence and C-suite decision-making, breaking down silos to unify brand, media, and performance teams and enabling agile, journey-based strategies rooted in audience insights.


The post What Forward-Thinking Brands Revealed About Growth at ANA’s Brand Masters “Revolutionaries” Conference appeared first on Business Transformation Consultants | Prophet.

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How to Build a Resilient Marketing Strategy with Scenario Planning https://prophet.com/2025/04/how-to-build-a-resilient-marketing-strategy-with-scenario-planning/ Wed, 30 Apr 2025 00:08:00 +0000 https://prophet.com/?p=32257 The post How to Build a Resilient Marketing Strategy with Scenario Planning appeared first on Business Transformation Consultants | Prophet.

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How to Build a Resilient Marketing Strategy with Scenario Planning

No one knows the future. But the best marketing leaders don’t hide–they plan for multiple outcomes. 

Why Scenario Planning Is Essential for Modern Marketers in 2025

Today’s marketers often feel like they’re operating in patchy fog. Is a recession looming, or will the economy stabilize into a soft landing? Will “do more with less” be the corporate mantra for just a few quarters, or indefinitely? And what about emerging disruptions—from AI advancements and geopolitical shifts to volatile consumer behaviors?

The practical answer remains: modern marketers must embrace scenario planning to build agile, resilient strategies.

Scenario planning works. While marketing leaders and CMOs can’t predict the future, they can, and must, prepare for a range of potential outcomes.

The disruptions of the early 2020s underscored the importance of scenario planning. While few could have precisely forecasted events like a global pandemic or today’s rapid technology shifts, the companies that pivoted quickly—whether in media channels, messaging strategies, or customer experiences—came out ahead. For example, at Prophet, we advised a client to shift from out-of-home advertising to digital channels almost overnight, and counseled another to pivot from in-person incentives to free shipping and virtual experiences. Scenario planning workshops gave our clients the ability to anticipate these shifts and act nimbly, not reactively.

Today, uncertainty is a given, not a glitch. Markets, technologies, customer expectations, and competitive landscapes are evolving faster than ever. Scenario planning has evolved into a crucial strategic muscle that can mean the difference between surviving and thriving when new curveballs come.

Scenario Planning 3.0: A Modern Approach 

No one has a crystal ball. That’s why scenario planning has been around for ages. But marketing leaders who regularly scenario plan are better equipped to face ever-changing circumstances and drive more effective, efficient and resilient marketing plans.    

We used this approach to help Scoperta! launch its brand into the market with a buzz-worthy digital strategy. Our team brainstormed, deliberated and developed proactive solutions to ensure the business was prepared for scenarios as diverse as low site traffic, site traffic that didn’t convert, and even traffic that was converting but perhaps needed to spend more per transaction.    

We knew what we would do for each of these scenarios, even if we didn’t need to do it. And because we prepared for these potential outcomes from the onset, we were also better positioned to optimize the campaign for success.    

Modern scenario planning allows companies to proactively address scenarios that may jeopardize the ability to reach any prioritized goal. And each step of the scenario-planning approach leads to strategic outcomes that will help the marketing strategy thrive despite uncertainty.  

Three Steps to Take When Scenario Planning Your Next Marketing Strategy 

Think of scenario planning as a game. We developed a game board to help our clients develop effective scenario plans to help workshop specific scenarios and prepare for potential outcomes.

Here are three steps to take when scenario planning your next marketing initiative: 

1. Draft possible Scenarios for an Initial Discussion 

We recommend defining a short list of critical priorities for a specific marketing initiative rather than trying to scenario plan for every single objective. To ensure you are tapping into the right preferences, you should collaborate with a cross-disciplinary team of stakeholders across marketing, sales, customer experience, operations and product.   

Some common considerations include:    

  • Low site traffic or site traffic declining    
  • Site traffic is not converting to sales   
  • Sales are resulting in low revenue    
  • Slow velocity to conversion    
  • Low customer engagement    
  • Lack of return customers    
  • Smaller size or value in shopping carts    

2. Add and Prioritize ideas Across Levers to Address Scenarios 

Once you have identified your key priorities, address the potential levers you can pull. Some examples for marketers include:    

  • What would happen if we increased or shifted media spending?   
  • If we changed the messaging, would that improve customer engagement?  
  • Might we offer audiences different or more personalized incentives and offers?  
  • Would a shift in loyalty and rewards make a difference?   
  • Could we consider other channels, working with new influencers or product aggregators?  
  • How about new content and social strategies?   
  • Would increasing the number of touchpoints improve lead nurturing? 

3. Codify and Socialize the Contingency Plan 

How these initial plans are shared throughout the organization is essential. But it doesn’t stop there.  Additional sessions are often needed to follow up on hot topics and assign owners to chosen levers.   

Next, you should schedule a contingency planning session at the end of an agreed-upon time frame to evaluate performance data to date. Leaders might integrate the scenario decision process into regular performance reporting sessions, similar to how leaders integrate optimization sessions in conventional campaign management.   

During this phase of the scenario planning process, internal communication channels become critical tools. It’s essential to ensure all stakeholders, from supply chain partners to investors, are current on pivot-ready strategies.   


FINAL THOUGHTS

While uncertainty is a given, modern marketing leaders are not leaving their success to luck. By using thoughtful scenario planning, they’re constructing more resilient marketing plans with various responses to meet multiple realities. And if and when rapid changes come, they’ll know what to do–or at least what to try–to deliver on marketing goals. 

Are you looking for an expert to help you develop your organization’s scenario plans? Contact us today. 

You might also be interested in…

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Building a Strong CEO Brand: Strategies for Elevating Thought Leadership  https://prophet.com/2025/04/building-a-strong-ceo-brand-strategies-for-elevating-thought-leadership/ Thu, 10 Apr 2025 02:33:28 +0000 https://prophet.com/?p=36055 The post Building a Strong CEO Brand: Strategies for Elevating Thought Leadership  appeared first on Business Transformation Consultants | Prophet.

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Building a Strong CEO Brand: Strategies for Elevating Thought Leadership 

A CEO’s personal brand isn’t just about visibility—it’s a strategic driver of trust, differentiation and long-term business growth. 

The Power of a CEO’s Personal Brand 

In today’s business landscape, a CEO’s personal brand is more than just a reflection of their leadership—it’s a strategic asset that influences company success, investor confidence and market differentiation. Thought leadership, when effectively leveraged, can enhance a CEO’s authority, build trust with key audiences and unlock new business opportunities. 

Recent studies reinforce this trend. According to PR firm APCO Worldwide, 77% of adults say a CEO’s reputation impacts their willingness to invest in a company. Another study by Harris Poll found that investment in CEO thought leadership yielded a 14x ROI. These insights highlight the growing importance of personal branding—not just for Fortune 100 executives, but for leaders across industries looking to drive uncommon growth. 

Why a Strong CEO Brand Matters 

At Prophet, we’ve successfully implemented thought leadership strategies for C-suite leaders across industries, from commercial property insurance to data management firms. Our work has demonstrated that a well-crafted CEO brand can: 

  • Enhance brand authority and credibility 
  • Strengthen customer and investor relationships 
  • Attract and retain top talent 
  • Differentiate the company in a competitive marketplace 
  • Maintain brand visibility, particularly in times of economic uncertainty 

Unlocking Thought Leadership Potential 

A CEO’s personal brand should complement existing brand and marketing efforts while creating an authentic and compelling leadership presence. The CEO brand should complement the organization’s brand either through direct alignment or through complementary attributes to create a consistent presence in the market. Thought leadership provides CEOs with a platform to share their unique perspectives, positioning their company as a category leader and increasing market influence. During periods of market volatility, a visible and confident CEO can reinforce stakeholder trust and sustain brand momentum. 

The Action Plan for Thought Leadership Development 

Developing a CEO’s thought leadership requires a structured, multi-step approach. Below are key actions to take: 

1. Audit Current Presence & Study Industry Leaders 

Begin by assessing the CEO’s current digital footprint, media presence and industry influence. Analyze social media activity, press coverage and public speaking engagements to identify strengths and areas for improvement. Comparing against other industry leaders can provide useful benchmarks and help an executive choose the right archetype that both fits their style and what the business needs.  

2. Define Key Topics, Audiences and Channels 

Create themes with key stakeholders that align with the company’s vision and resonate with target audiences. Prioritize topics based on relevance, impact and alignment with the CEO’s expertise. Identify key audiences—employees, clients, investors and media—and select the most effective channels for engagement (social media, press, events, etc.). Topics may arise that are important but that better suit another voice in the C-suite. 

3. Develop an Actionable Strategy and Timeline 

Integrate thought leadership into the broader marketing and PR strategy. Outline content deliverables such as blog posts, op-eds, LinkedIn articles, keynote speeches and videos. Assign responsibilities and set timelines to ensure consistent execution and alignment with the organization’s goals. 

4. Implement a 12-Month Activation Plan 

A structured rollout is essential for building momentum. Here’s a sample quarterly roadmap: 

  • Q1: Strengthen online presence by increasing social media engagement and publishing industry insights. 
  • Q2: Secure media placements, guest articles and interviews to establish credibility. 
  • Q3: Obtain speaking opportunities at industry events and participate in thought leadership panels. 
  • Q4: Analyze performance, refine the strategy and plan for the upcoming year. 

Where Thought Leadership Lives: Key Channels 

The effectiveness of a CEO’s thought leadership depends on selecting the right platforms for engagement: 

  • Social Media: LinkedIn remains the most effective channel for executive thought leadership, while platforms like Instagram, X (formerly Twitter), Reddit, YouTube and BlueSky can provide additional reach depending on the industry. 
  • Media & Press: Securing articles and interviews in reputable industry publications and mainstream outlets can amplify the CEO’s voice. Your PR firm can help your leader also be a go-to for certain areas of expertise. 
  • Speaking Engagements: Conferences, podcasts and webinars allow CEOs to showcase expertise and connect with peers. 
  • Internal Communications: Engaging employees through internal messaging channels strengthens company culture and reinforces leadership. 

The Long-Term Impact of a Strong CEO Brand 

A well-executed thought leadership strategy builds sustained momentum, driving long-term brand awareness, credibility and market differentiation. By proactively managing their personal brand, CEOs can steer their organizations through uncertainty, foster trust with stakeholders and drive meaningful growth. Ultimately, a visible and authentic CEO presence is a powerful tool for maintaining competitive advantage in today’s fast-evolving business environment. 


FINAL THOUGHTS

“Uncommon Growth” is what we define as high-impact, sustainable growth that is smarter, faster, more human and more actionable. Executive thought leadership is another lever to help enterprises of all sizes achieve it. 

Talk to us about building your executive team’s thought leadership strategy.  

The post Building a Strong CEO Brand: Strategies for Elevating Thought Leadership  appeared first on Business Transformation Consultants | Prophet.

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CMO Focus: Four Trends to Watch in 2024 https://prophet.com/2023/12/2024-cmo-trends/ Wed, 20 Dec 2023 20:35:02 +0000 https://prophet.com/?p=33847 The post CMO Focus: Four Trends to Watch in 2024 appeared first on Business Transformation Consultants | Prophet.

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CMO Focus: Four Trends to Watch in 2024

Marketing leaders must be everything, everywhere, all at once. Here’s how they’re prepping for the challenges ahead. 

Chief marketing officers are some of our favorite people, and as we were putting together our annual list of predictions for the year ahead, we got a fast reminder why. Despite an uncertain economy, changing expectations from CEOs, and fast-rising media rates, marketers remain as optimistic as ever.  

We spoke to more than 25 senior marketers to get their take on the challenges they’re facing and where they plan to prioritize in the coming year. Their belief in the power of creativity and new ideas keeps growing. And they’re continuing to beat the drum on the importance of testing and learning, innovating, and being at the forefront of leveraging AI to help them achieve uncommon growth. 

As CMOs settle into the expanding remit of their role, they’re increasingly confident about broader opportunities. Many now have ownership of growth initiatives and transformation efforts. They are overseeing efforts to drive both brand and demand and are responsible for orchestrating numerous, impactful touchpoints throughout the entire customer journey. One leader we interviewed told us it’s like that movie, “We have to be everything, everywhere, all at once.” 

These leaders see themselves as fully in the driver’s seat, organizational change-makers, providing the voice of the customer to advocate for new capabilities. They are connecting dots across more functions. They are operating at two speeds: balancing the need to deliver in-quarter results with setting up longer-term growth moves, all while navigating continued outside-in disruption. 

Here are four predictions we expect to see in 2024. 

Trend #1: Finding Uncommon Growth in the Storm 

It’s certainly not news to CMOs that they’re navigating turbulent markets. Yet they’re cautiously optimistic about what lies ahead, with 49% saying they are more upbeat about the U.S. economy than last quarter. According to a recent study by Deloitte, only 22% are less optimistic. According to Forrester, 80% expect a marketing budget increase, albeit a modest one, going into 2024. No wonder 75% of senior marketers in a recent Gartner survey say they’re expected to do more with less. 

They’re on a tightrope, juggling near-term tactics while planning long-term growth goals. A recent Salesforce survey of marketers finds that 76% say they feel more responsibility to drive growth – proof indeed that more enterprises are recognizing marketing’s power to increase revenue. 

As many marketing leaders have taken on more commercial responsibility, that pressure keeps building. “Previously, my role focused on communications and driving colleague engagement,” says the CMO of a leading advisory firm. “Now it’s shifted to driving topline growth while carving out greater differentiation.” 

“The world has gotten very complicated, yet organizations are facing pressure to grow at the same pace as when the world was less volatile,” agrees the CMO of a commercial real estate company. “All of this is making it even more difficult to get your message out.” 

“The big challenge now is not to overcompensate,” says a leading building supply company marketer. “We didn’t overspend when things were good. So let’s not underspend when things are bad.” 

But these leaders know their role is more significant than deciding where to dial back spending. “What got us here won’t get us there,” says a CMO at a top-tier financial company. And like 83% of respondents in the Gartner study, the marketing strategies her team has come to rely on in the last two years are markedly different than those of the past.  

Critical to this evolution –and any and all growth– is a greater-than-ever push toward customer centricity. “Do we really understand our customers? That’s what keeps me up at night,” says a top marketer at a financial advisory company. 

As marketers grapple with being asked to do more with less resources while simultaneously proving value from their marketing investments, it will become even more critical in 2024 to be able to prove ROI by translating business objectives into quantifiable customer goals. Actively defining and measuring against clear KPIs will be key to allowing marketers to quickly pivot to optimize their efforts to deliver better outcomes.  

Trend #2: Acing the Marketing Basics While Leaving Room for Experimentation 

Most of the CMOs we spoke to say that they are getting more comfortable operating in a post-pandemic marketing environment that is often turbulent and unpredictable. 

Finding better ways to integrate brand and demand strategies is at the top of that list. While there is a short-term swing towards demand, brand continues to play an essential role. Finding the right ratios remains critical, but the old-school separation no longer works. “Companies that separate budgets and teams between brand and demand do so at their disadvantage,” says the CMO of one of the world’s largest e-commerce companies. “Every touchpoint informs perception of the brand, and every brand touchpoint needs to deliver business.” 

“I want my budget all looked at through an integrated model,” agrees a top financial marketer. “I’m a big believer in brand and demand.”  

Generative AI, already critical to 56% of marketers, is taking on more importance, with 80% of those in the Forrester survey saying they intend to use generative AI in the next year. Blogs are the most common use, named by 65%, followed by website copy at 62%. 

Updated techniques to track ROI, with data and analytics emerging as the new rocket science, are also on top of CMOs’ “must-do” lists. Even as 63% of the marketers in Forrester’s research are amping up martech investments, Salesforce finds that 72% struggle to measure the impact, and 43% find it hard to track customers across the journey. CMOs are becoming increasingly vocal about these glaring blind spots. “Someone needs to figure out …” is a refrain constantly echoing throughout marketing departments when it comes to marketing measurement and attribution.  

Leaders are determined to remedy that problem in the coming year. “We look at marketing-attributed revenue, particularly inbound leads driven by digital or other channels,” says a senior financial services marketer. “We also look at how effectively we sell differentiated service bundles tied to our client needs. To measure the success of our business development enablement, we look at win rates and the service portfolio’s overall growth.” 

Other hot-button issues that were mentioned? More innovative ways to track the cost, benefits and risks of influencer marketing, and social issues, particularly in reaching Gen Z.  

What does this mean for marketers in 2024? Despite pressures from boards and executive teams to deliver near-term results, CMOs need to continue to support longer-term priorities that they know will be important over time. Allowing space for experimentation, whether it’s with new AI technology, martech or channel strategies, will help guide where to invest without over-indexing on long-term or short-term growth ambitions.  

Trend #3: Acting as Organizational Change-Makers 

Getting the foundational basics right is vital. But it’s not enough. To create transformational growth, CMOs are becoming digital leaders, stepping more forcefully into corporate grey areas. Although marketing leaders currently lead 70% of digital transformations, even more are grabbing the reins. “There is a void,” says a marketer at a large regional health organization. “No one owns the full digital transformation, so we are just taking it on.” 

As the role of marketing has expanded, they believe it’s time to shake up the operating model. In Gartner’s research, 86% of marketers agree that their organization must change how it works to achieve sustainable results. 

CMOs need to think about themselves as connectors and integrators. They should think cross-functionally across departments, linking channels and disciplines across products and experiences. This year, 37% say their teams are fully integrated, up from 19% a year ago according to Deloitte’s CMO study. 

For those lucky enough to work for C-suites who have fully bought into this level of collaboration, it’s easier to make progress. “Building strong relationships between functional leaders based on transparency, empathy, and mutual benefit, has been instrumental in breaking down silos and achieving better outcomes,” says a CMO from a large retailer, who now calls her bond with the head of product one of the tightest partnerships she’s ever had. “It’s been an absolute game changer.”’ 

As marketing’s responsibilities shift and expand, finding opportunities for cross-functional collaboration not only helps break down internal silos but also creates better outcomes for customers. Marketing leaders have a real opportunity to be catalysts for change across their organizations, and they should be ready to lead the charge.  

Trend #4: Leaning into Creativity 

What’s perhaps most exciting, is that even as they build teams with new skills, capabilities and competencies, leaders are less bashful about what drew them to marketing in the first place: The power of creativity and ideas. 

CMOs say this creativity still plays a critical role in differentiating brands. They find joy in investing in the brand and seeing how creativity helps them stand out, increase revenues and gain relevance. They are building moments that matter, and ultimately that lead to sustainable growth. 

“I still believe in the power of big ideas,” says one CMO. “When problems need solving, traditional creativity always wins.” 

As pressure builds to deliver and prove ROI, creativity often takes a backseat. But it would be a mistake to overlook the power of creativity, and how it allows brands to connect with customers on a meaningful level. Marketers understand this and should continue to push for inspiration that’s driven by deep and authentic creativity. 


FINAL THOUGHTS

As the year draws to a close, we’d like to salute marketing leaders for constantly looking for new perspectives. It takes persistent imagination, optimism and a growth mindset to thrive in these conditions, and you’re a constant source of inspiration. As we step into the new year, we invite you to share your thoughts on the challenges you foresee and the strategies you’ll use. Here’s to a year filled with new possibilities and uncommon growth.

The post CMO Focus: Four Trends to Watch in 2024 appeared first on Business Transformation Consultants | Prophet.

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Brand and Demand: Diego Norris on the state of CPG Marketing https://prophet.com/2023/10/brand-and-demand-interview-with-diego-norris/ Thu, 05 Oct 2023 14:37:10 +0000 https://prophet.com/?p=33508 The post Brand and Demand: Diego Norris on the state of CPG Marketing appeared first on Business Transformation Consultants | Prophet.

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Brand and Demand: Diego Norris on the State of CPG Marketing

Mat Zucker, Senior Partner at Prophet, speaks with Diego Norris, CMO at Gimme Seaweed, on the evolution of CPG marketing and the impact of AI on marketers.  

Diego Norris is the Chief Marketing Officer at Gimme Seaweed, leading the overall marketing strategy for the number one-selling organic seaweed-based snack.

Norris has over 20 years of experience in various marketing and innovation roles for leading CPG companies, including General Mills, Nestle Nutrition, Red Bull, Pinkberry and Campbell Soup. He has also spent several years in consulting, first at Deloitte, where he started his career, and later at Prophet, where he helped technology and healthcare companies build relentlessly relevant brand strategies. 

Mat Zucker: Given the disruption of the last few years, marketers are often asked to take on greater accountability to demonstrate immediate impact and ROI of marketing investment while creating tighter alignment with the business outcomes. Has that been your experience? If so, how have you shifted your strategy to show impact? 

Diego Norris: The push for Marketing to demonstrate immediate impact has increased significantly in recent years. However, this shift isn’t merely a response to increased demands from leadership, board members or shareholders. Developing high-performance programs that are tightly aligned with business objectives is also necessary. 

In this context, the role of marketing data and analytics has become essential. It helps us identify the most valuable programs, assess the impact of A/B tests, and optimize our way to high performance. 

At Gimme Seaweed, we’ve embraced this change with open arms. About a year and a half ago, we started capturing and manually aggregating marketing metrics by business objectives. Earlier this year, we were able to automate this process, which allowed us to get real-time marketing performance data. We are currently integrating AI to enable campaign management automation, the pièce de resistance in our plan for seaweed world domination. 

MZ: How have conversations with your C-suite and board changed as you take on new accountability in driving and proving business value? 

DN: The conversation with the C-suite and board has definitely changed in response to these new demands. A significant portion of our focus now goes into creating a shared understanding of what drives marketing performance in 2023 compared to years past. This helps lay the foundation for focusing on the right business objectives and KPIs. 

Unfortunately, there’s a lot of noise surrounding Marketing today, including no longer effective legacy practices that continue to have broad adoption, well-intentioned but often misguided business partners, false prophets, lack of alignment on KPIs, and inconsistent metric definitions across channels, to name a few. This noise can sometimes make building a shared understanding between key stakeholders difficult. 

In the midst of all this chaos, having solid data at our fingertips has proven to be extremely helpful. It’s like having a reliable compass that helps us navigate through the fog, bringing a dose of clarity and objectivity to discussions.  

MZ: Within your organization, how do you partner with other internal business units and teams to unlock new opportunities for driving growth? Has this evolved in recent years? 

DN: I am definitely seeing increasing levels of cross-pollination between functions, especially between marketing and sales. Several developments in the CPG industry in recent years are fueling this trend and helping blur the lines between these two functions. Most notably, the push for marketing to demonstrate its impact on sales, the emergence of retail media as a primary marketing channel, and retailers’ increasing focus on eCommerce, which relies heavily on digital marketing support. 

For these reasons, many CPG companies, including Gimme Seaweed, now house eCommerce in marketing. This shift has facilitated the dismantling of silos, enabling a more fluid allocation of marketing funds to where performance is strongest. Moreover, it has fostered a tighter knit between marketing and sales, creating a symbiotic relationship geared toward unlocking new avenues for growth. 

MZ: Last year, we published a report, “Brand and Demand Marketing: A Love Story” which speaks to the tensions between brand and demand marketing and why working in silos harms performance. We believe both are critical functions that need to work together to enable success. How do you balance brand and demand within your marketing organization? 

DN: To me, the ongoing debate between brand and performance marketing seems a bit silly, almost like a misunderstanding of the fundamental aspects of a well-rounded marketing plan. It’s essential to recognize that these aren’t optional components you can choose from but integral elements of a successful marketing ecosystem. 

To put it in simpler terms, let’s liken this scenario to farming. Think of brand marketing as the act of planting seeds, nurturing the ground for the next season’s crop, and setting the stage for future bounty, in other words, future demand generation. On the flip side, performance marketing is akin to harvesting the crops we painstakingly nurtured in the previous season, reaping the rewards of our efforts by capturing conversion-ready demand. 

However, the catch here, and what most people overlook, is that in this metaphorical world, farms don’t have fences guarding them. This lack of barriers means anyone, including our competitors, can swoop in and harvest the crops we’ve nurtured with so much care. It’s a wild, open field out there, and a robust performance marketing strategy acts as our safeguard, ensuring we reap the benefits of our hard work without leaving room for competitors to cash in on our efforts. 

But it’s a delicate balance. Performance marketing cannot be ramped up beyond the existing level of demand without facing diminishing returns. It’s about finding the sweet spot where we’re not leaving money on the table, yet not overspending to the point of undermining our performance. 

I must admit, I am very appreciative when competitors neglect performance marketing. It essentially gives us the green light to bring our combine into their fields to harvest their crops. I like harvesting. 

MZ: In the report, we found there are four common principles that most effective markers follow for success: 

  • Anchoring Marketing Investment in Business Objectives
  • Experimenting to Win 
  • Building a Modern Marketing Organization 
  • Putting the Customer at the Center 

Do you agree with these principles? Are there any examples you can share where you’ve been able to implement them? 

DN: We practically live by those principles at Gimme Seaweed! Each of our marketing programs nests under one of three business objectives. And it’s the business objective that defines the KPIs that will be used to measure performance, not the program. Aligning marketing programs and metrics to business objectives keeps the focus where it should be, and this, in turn, accelerates growth. 

An additional element that has proven incredibly helpful has been allowing working dollars of programs that nest under the same objective to flow freely where KPI performance is strongest. This makes these programs compete for funding and creates the conditions needed for continuous improvement. It’s a bit of a Darwinian approach that fosters the survival of the fittest strategies and maximizes value creation. 

MZ: What are some top challenges you anticipate in the next 6-18 months? What are you doing to help your organization plan and overcome those challenges? 

DN: Let’s tackle the giant, looming question that’s on everyone’s mind: the rise of AI and its profound impact on the marketing world. At the risk of oversimplification, CPG marketers have two big jobs to do. First, there’s the creative side of things, where we dive deep into brand strategy, target consumer selection, brand positioning, visual identity and the overall tone of our communications. Then, there’s the logistical side, where we focus on efficiently delivering these crafted messages to our target audience, navigating the intricate maze of marketing mix, platform selection, campaign management, data analytics, and marketing spend allocation. 

Even though we’re still in the early stages of AI’s integration into marketing, it’s becoming increasingly clear that the logistical side of marketing is about to see a seismic shift. The intricacies of managing campaigns, analyzing data, and optimizing performance are about to skyrocket in complexity. Soon, it may become nearly impossible for marketers to handle these tasks without the aid of AI. The landscape is evolving so that those who embrace AI and its capabilities will have a significant edge over those who don’t. The divide is going to be stark, almost binary in nature. 

At Gimme Seaweed, we’re not just watching from the sidelines but actively gearing up to stay ahead in this race. I envision three pivotal elements that will anchor our marketing endeavors in the coming months: access to real-time marketing performance data, harnessing the power of AI for data processing and analytics with well-defined decision parameters and leveraging AI for seamless campaign automation. With these in place, we aim to be agile, identifying and capitalizing on real-time performance opportunities. This approach will allow our marketing investments to flow toward areas of peak performance within each of our meta-objectives. 

The current wave of innovation and the potential it holds is genuinely exhilarating. Every day feels like a new learning opportunity. I’m wholeheartedly diving in, eager to absorb as much as possible to help steer Gimme Seaweed towards the best possible future. 

About Mat Zucker

Mat is a senior partner and co-lead of Prophet’s Marketing and Sales practice. He helps clients transform digitally, finding new areas of growth in marketing, content and communications. Previously, Mat was the Global Executive Creative Director at Razorfish, served as Chief Creative Officer at OgilvyOne New York and held leadership roles at R/GA and Agency.com. In addition to helping clients creatively connect and engage with their customers, he hosts two podcasts, Cidiot and Rising. 

Are you interested in talking with Mat? You can contact him, here. 


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In our new series, Brand and Demand: The Interviews, Prophet experts sit down with CMOs and marketing leaders who are unlocking demand, driving uncommon growth and building relentlessly relevant brands to get their takes on the top trends, challenges and opportunities they face in today’s disruptive world.

The post Brand and Demand: Diego Norris on the state of CPG Marketing appeared first on Business Transformation Consultants | Prophet.

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AI in Marketing: Four Ways to Maximize Value https://prophet.com/2023/10/ai-in-marketing/ Wed, 04 Oct 2023 14:28:24 +0000 https://prophet.com/?p=33503 The post AI in Marketing: Four Ways to Maximize Value appeared first on Business Transformation Consultants | Prophet.

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AI in Marketing: Four Ways to Maximize Value

The emergence of AI is not the first digital shift marketers have experienced. And it won’t be the last. Here are four ways to drive innovation in marketing with AI.

Generative AI has taken center stage in virtually every business article, LinkedIn post and cocktail party conversation. And for good reason – ChatGPT drove one million users in its first five days, turning the technology into a household name and transforming how businesses think about productivity and efficiency. For marketers getting their heads around it and starting to experiment, the potential can be either daunting or inspiring.  

Marketers have always been at the forefront of technology. AI and machine learning have been critical in shaping programmatic buying, lifecycle marketing and digital experiences. And for many marketers, this isn’t the first shift they’ve experienced within their role. 

(Click here to enlarge)

A Framework for Supercharging Your Marketing Efforts With AI  

It’s helpful to think of AI as a tool to help enhance what you do as a marketer, especially when it comes to thinking about customers and their needs. Here are four ways marketers can use AI to show up for their customers in more connected and cohesive ways:  

Unlocking Understanding 

Many AI-driven models excel at analyzing unstructured data, text, images, videos and other content that does not fit neatly into traditional databases. Typically, this type of analysis is time-consuming and expensive, requiring its own algorithms. 

Marketers can use AI to help analyze large volumes of data, recognize complex patterns, explore and visualize data, perform predictive analytics and provide real-time insights to drive more personalized and optimized marketing strategies and tactics.  

Companies like Amazon, Netflix, Meta and Alphabet are far ahead of the curve. But so are non-tech players, such as Johnson & Johnson’s Neutrogena and JP Morgan Chase. All using AI to analyze data and use it in ways that directly benefit customer experience.  

Unlocking Value 

AI automates repetitive and time-consuming processes, reducing the number of daily tasks, and freeing up hours so that marketers can focus on higher-order priorities that require more strategic, human thinking. Smart marketers are learning ways to turn those found hours into new initiatives, liberating marketing teams to find new avenues of growth. 

Adore Me, the e-commerce lingerie company recently acquired by Victoria’s Secret now uses AI to churn out hundreds of product descriptions. While copywriters still need to read, tweak and occasionally edit the blurbs, it estimates it saves up to 40 hours a month per copywriter, with zero impact on sales. Even better? Copywriters hated writing those tedious descriptions. By delegating that work to AI, they can focus on higher-order campaigns that drive additional revenue. 

Unlocking Creativity  

With more marketers being asked to do more with less resources, AI can be an essential tool. It can help reduce the time it takes to generate creative concepts, create visually appealing and engaging content, facilitate brainstorming processes, and draw insights from past campaigns that can help marketers take personalization to the next level for future campaigns.  

Lexus, for instance, used AI to transform its Auto Show experience this year, inviting attendees to enter prompts that quickly personalized their new cars on a 98-inch screen. And political attack ads using AI-created voices of opponents are already reshaping the upcoming election cycle. 

Unlocking Differentiation 

With its speed of processing data, sifting through customer insights and analyzing competitors, AI can suggest gaps in the market to help companies create personalized, innovative and differentiated experiences that cater to specific customer needs. 

For example, Unilever uses AI to explore the human gut, home to trillions of bacteria. Using big-data biology, the company is isolating the microbes with the most calming potential and experimenting with biotech partners to pinpoint food and beverage ingredients that will have the most positive impact on mental well-being. Its Knorr soup division, recently used AI to analyze millions of flavor combinations in days rather than months, using digital modeling to create a zero-salt (but still delicious) soup cube.  

To maximize success with AI it’s important to remember that AI is more useful when it is centered on human needs.  

Creating an AI-Readiness Checklist  

Marketing organizations must also have the necessary data capabilities to implement and operationalize AI effectively. Those include thoughtful attention to:  

Data Foundation: Quality Over Quantity  

Companies must have high-quality, first-party data stored in secure infrastructures with clear, consistent taxonomy that can be processed at a high volume.  

Best Practice: Focusing on securing quality information rather than rushing to get the biggest datasets fast will prevent future inefficiencies and accuracy problems. And despite the focus on large-language models, it’s important to note that many tech companies are experimenting with smaller versions, which may be more accurate and efficient.   

Data Value Exchange: Upping the Ante  

Companies must offer additive products and services for customers in exchange for their data and provide transparency for how data will be used.   

Best Practice: In a world where AI tools are accessible to all, companies can offer trust and respect for privacy as a differentiated yet still personalized experience to customers.   

Data Culture & Fluency: The Heart of AI Transformation   

Companies must pursue broad AI fluency across the whole enterprise as well as invest in specific data and AI expertise to continuously innovate.  

Best Practice: Without the people to understand and strategically use AI at all levels of the organization, companies will not be able to unlock uncommon growth.  

Fully implementing AI will require proper evaluation and tracking against an adoption timeline. As soon as possible, begin incorporating AI into workflows, explore opportunities for sustainable optimization and continue to scale it.   

Coming soon: New AI research from Prophet will help you understand and serve the AI-powered consumer. Subscribe to our mailing list to be among the first to get their hands on these insights!


FINAL THOUGHTS

Modern marketers have used AI and machine learning in their practices for years and are finding new ways to embrace the possibilities of generative AI. Whether unlocking understanding, value, creativity or differentiation, marketers must remember that AI will be most useful when centered on human needs.

The post AI in Marketing: Four Ways to Maximize Value appeared first on Business Transformation Consultants | Prophet.

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Marketers’ 2023 and 2024 Planning Do-More-With-Less Bootcamp https://prophet.com/2023/08/marketers-2023-and-2024-planning-do-more-with-less-bootcamp/ Thu, 24 Aug 2023 13:24:52 +0000 https://prophet.com/?p=33206 The post Marketers’ 2023 and 2024 Planning Do-More-With-Less Bootcamp appeared first on Business Transformation Consultants | Prophet.

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Marketers’ 2023 and 2024 Planning Do-More-With-Less Bootcamp

Budget tightening is this year’s corporate mantra. Here are seven steps marketing leaders can take to drive meaningful growth with fewer resources.

Ask any marketer, and they’ll tell you that 2023 has been a year of budget cuts and canceled launches. According to Gartner’s CMO Spend and Strategy 2023 Survey, 75% of senior marketers reported being asked to do more with less. As budgets decrease, marketing expectations significantly increase, with 86% of surveyed senior marketers agreeing their organization must undergo significant changes in how they work to achieve their goals.   

Right now, that near-universal do more with less directive is an especially bitter pill. Marketers still have whiplash from the last few years, with some businesses seeing massive contraction during the pandemic and others experiencing dizzying growth, resulting in competing interests between brand and demand. Many hoped for at least a glimmer of normalcy.   

Between inflation and rising interest rates, the likelihood of a recession has become a daily odds-making game for economists. The risk is falling. Yet many, including CEOs, investors, legislators and consumers, are already entrenched in a `vibecession.’ They feel things are bad, even if economic indicators don’t support that view. In conjunction with the disruption of the last few years, it has become almost impossible for marketers to rely on historical planning processes and requires them to maximize flexibility, even as budgets and resources diminish.   

This uncertainty isn’t necessarily bad news for the creative and agile marketer. After all, disciplined belt-tightening can allow marketing leaders to reflect, establish new ways of working, and find creative ways to deliver maximum value with their current resources.   

As marketers look to close the year strong and head into 2024 planning, we’ve identified seven critical steps marketing organizations should take to strategically balance and blend brand and demand marketing agendas and inform next year’s planning efforts that are fast upon us. 

1. Translate Business Objectives Into Quantified Customer Goals  

The first and most important part of doing more with less is to remain diligent in driving business outcomes with a customer-focused lens. All activity should point directly at delivering business value for the short and long term. Ensuring you have customer-focused goals based on acquisition, retention, cross-sell and upsell and making your brand worth paying more for is the foundation to maximize resources.   

Once you have set your goals, you must regularly track and align your efforts to the business outcomes your organization expects marketing to influence or drive. To do this, we recommend developing a leading and lagging metrics ladder and establishing quarterly check-ins with your team. By doing so, you will know what is working in your marketing plan and feel more confident that every element of your marketing budget is maximized and driving ROI. And if you notice that marketing efforts are underperforming, you’ll be in a better position to quickly pivot your efforts.  

Learn more on how you can anchor your marketing activities and investments in business outcomes in our global research report, Brand and Demand: A Love Story.  

2. Do Fewer Things 

Peter Drucker famously wrote, “Management is doing things right. Leadership is doing the right things.” The same is true with marketers. Every dollar works as hard as possible, but the success of your budget is dependent on whether you invested those dollars appropriately, which is why marketing leaders need to prioritize growth opportunities and continuously analyze and optimize to ensure those efforts are practical and efficient.  

Obvious, right? But in a world where specialists and digital marketing skills are at a premium, many companies are overspending to build executional muscle in modern marketing tactics. But while they are actively improving their search and social skills, for example, they may lose focus on why they are in those channels in the first place. 

Companies can do more things right by doing fewer things and staying laser-focused on driving business outcomes and customer goals. Before greenlighting any initiative, even small ones, you must ensure they support those goals. When calculating the cost of your marketing efforts, measuring the cost in dollars and the resources and time your team needs to invest in executing is critical.   

Here are some key questions to help marketers prune the marketing calendar. If you’re feeling advanced, you can build a scoring system to help you prioritize.  

3. Prioritize Moments That Matter Most in Your Customer’s Journey 

As our Brand and Demand: A Love Story report noted, journey-based planning has become critical in the digitally driven marketers’ toolbox. However, as marketers adopt this concept, many need to work harder to make the most out of every moment in the journey, which spreads resources too thin and splinters impact.   

Studying the journey keeps organizations customer-centric and uncovers opportunities. But to maximize usefulness, marketers must decide on the most critical barriers to address and seize opportunities to build out the signature and memorable moments. 

Prioritizing the moments that matter the most in the customer journey calls for tough choices, especially when you need to do more with less. Marketing leaders prioritizing customer acquisition will likely lean toward awareness and consideration moments, while those focused on retention and loyalty will probably lean toward post-purchase moments. One thing to note when prioritizing these moments is to make a list of those that you are choosing to ignore now. Eventually, marketing budgets will increase again, and the moments you deprioritize can be revisited.   

Once you have prioritized your moments, you must ensure your teams leverage these moments for brand and demand opportunities. After all, doing more with less is sometimes doing two things simultaneously! By doing so, it will be easier for your team to make the right choices about the appropriate channels, experiences and messages you need to serve your customers and, at the right time, to drive results for your organization. 

4. Sharpen Your Value Propositions- Superiority That Matters 

To stay relentlessly relevant and earn customer respect and loyalty, strong brands must deliver meaningful, purposeful connections that appeal to people’s emotions with distinctive brand Purpose, Promise and Principles. At this point, many brands clearly understand why they exist and what they do. Still, in this low-spending climate, where every dollar counts, brands should revisit how they think about functional benefits, quality and superiority claims.  

When budgets and resources are constrained, it is a best practice to revise and sharpen your demand-based value proposition at the umbrella brand and product level, ensuring that product-level promises are crisp, compelling and competitive.  And, even more than that, based on things that your target audience can experience. Superiority in the lab or around the margins is one thing, but superiority that people can see and feel, that makes a real difference is another thing. Weaving those promises to reinforce and inform the brand story, and vice versa and ensuring that they are reflected across all in-market executions can boost short-term revenues, even as they support long-term brand health.   

Revisiting your value proposition may mean returning to tried and true basics while challenging assumptions within your organization. It can also result in your team reconsidering old-fashioned benefits and features to sharpen your customer value story, which should evolve and grow as your customer needs change. 

As you do so you should think through these critical questions: 

  1. What are the specific tensions, meaningful benefit pillars and proof points that are critical to deliver on the brand promise?  
  2. Do these need to change for different customer audiences?  
  3. How can we uniquely deliver superiority that matters to customers?  
  4. Are our proof points ownable and tangible?
  5. Are the brand and demand value stories tightly interwoven? 
  6. How can you test and learn before market scaling? 

5. Give Your Creative Assets a Make-over  

In recent years, much of the focus for marketers has been on where and how communications are delivered. It’s impressive how far many have come as they build expertise in performance marketing, owned and earned media, SEO and SEM.   

But many people forget that data shows the success of a campaign is dependent on the quality of the creative. Brilliant campaign ideas and breakthrough experiences are a must-have. Creative work at every point in the journey needs to be branded and rooted in demand-based product truths. It’s not enough to love an asset on the drawing board. It has to stand out in the specific context in which people will discover it. 

During times when you need to do more with less, it’s a good step to build upon your basics. Below is a sampling of a few ways you can do this: 

  • Add more demand marketing strategies to your top-of-funnel efforts. 
  • Dial up your brand messaging during the purchasing stage of your customer’s journey.  
  • Sweat your call to action (CTA). You should vet and optimize your CTAs, even if you’ve used them a million times.  
  • Ensure every experience and touchpoint leads your customers to the next milestone in their journey and propels them to the conversion and loyalty stages.  

On a side note, many marketers are integrating AI into their creative process to drive efficiency in their process and execution. We will touch on this more below. 

6. Leverage AI to Do More With Less

AI and machine learning, have played a critical role for marketers for several years. After all, both power programmatic buying, personalized messaging, predictive analytics, buy-now recommendations and chatbots.   

But, with the recent rise of ChatGPT and generative AI tools, businesses have begun experimenting with new ways to increase productivity and effectiveness. It’s becoming clear that the marketing teams that leverage AI tools can magically add more hours to their days.   

While we are at the beginning stages of this new evolution of generative AI, we have identified four key areas of AI that can help support your marketing efforts and teams today. 

AI is evolving fast, and marketers must remember that what they learned last week is outdated. Yet even in its infancy, it has the potential to save money, free up hundreds of hours and improve effectiveness. 

7. Elevate Scenario Planning  

It sometimes feels like we are working in patchy fog. Will the “vibecession” give way to a real one? Will do more with less  be the bumper sticker for just a few more quarters or the foreseeable future? No one knows. But effective scenario planning can mean the difference between simply surviving unexpected curveballs or thriving because of them. It’s the difference between mourning and moving.  

People often think of scenario planning as dealing with the long-term future for outcomes that are years away. But why not use it for the near term to proactively address scenarios that may jeopardize the ability to reach any prioritized goal? It can even be used at the level of an individual initiative to ensure quick response to in-market performance.  

Think of scenario planning as a game. A game board like the one below can be used to help with thinking ahead on owned-asset performance. We recommend building a cross-disciplinary team to scenario plan for your next launch, campaign or initiative. You can use this gameboard to strategize how you might react to potential scenarios, such as shifting media spending, changing messaging or revisiting content and social strategies.   

From there, teams can think about how best to codify and socialize the contingency plans, including the owners of levers. 

The job isn’t over when the game board is completed. Identifying when, how and who is responsible for tracking and implementing is critical. Additional cross-functional planning sessions can allow follow-up on hot topics and assign owners to chosen levers.   

Learn more about scenario planning in our recent AMA article. 


FINAL THOUGHTS

Instead of thinking about doing more with less as negative, think of it as a path to unlocking uncommon growth. By intensifying customer-centricity, doing fewer things, focusing on moments that matter, sharpening value propositions and befriending AI, marketers can navigate the challenges of constrained resources and emerge stronger. These back-to-basic exercises increase impact, build resilience, and pave the way for meaningful long-term growth. Interested in learning how you can do more with less? Contact Kate Price or Mat Zucker to get started.  

The post Marketers’ 2023 and 2024 Planning Do-More-With-Less Bootcamp appeared first on Business Transformation Consultants | Prophet.

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Brand and Demand: An Interview with Amy Scissons https://prophet.com/2023/08/brand-and-demand-an-interview-with-amy-scissons/ Wed, 23 Aug 2023 13:00:00 +0000 https://prophet.com/?p=33201 The post Brand and Demand: An Interview with Amy Scissons appeared first on Business Transformation Consultants | Prophet.

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Brand and Demand: Amy Scissons on Building Agile Marketing Organizations

Mat Zucker, Senior Partner at Prophet, speaks with Amy Scissons, Chief Marketing and Communications Officer at Russell Reynolds Associates, on the importance of building an agile marketing organization.  

Amy Scissons is the Chief Marketing and Communications officer at Russell Reynolds Associates, overseeing global marketing and communications for the leading executive search and leadership advisory firm.  

Scissons previously was at Mercer, where she served as Chief Marketing Officer and led marketing operations in more than 100 cities and 41 countries for the global human resources consulting firm. She brings over 20 years of experience across several industries and global markets. Scissons specializes in integrated marketing, demand generation, customer-centric digital and data-driven marketing and leading high-performance teams.  

Mat Zucker: Given the disruption of the last few years, marketers are often being asked to take on greater accountability to demonstrate immediate impact and ROI of marketing investment while creating tighter alignment with the business outcomes. Has that been your experience? If so, how have you shifted your strategy to show impact? 

Amy Scissons: The expectations around marketing delivered ROI have evolved since taking the role. Previously, this role was focused on communications and driving colleague engagement, but now it’s shifted to driving topline growth for the firm while carving out greater differentiation within the market. In particular, professional services and leadership advisory is a relatively homogeneous marketplace as we deliver similar services to our competitors. Differentiation is key to ensuring we continue to win in the market.  

To measure our impact, we look at marketing-attributed revenue, particularly inbound leads driven by digital or other channels. We also look at how effectively we sell differentiated service bundles tied to our client needs. To measure the success of our business development enablement, we look at win rates and the service portfolio’s overall growth.  

MZ: Within your organization, how do you partner with other internal business units and teams to unlock new opportunities for driving growth? Has this evolved in recent years?   

AS: Growth opportunities are a shared responsibility among business development, strategy and marketing. For example, our strategy team will identify organic growth opportunities. At the same time, our client-facing colleagues will highlight new business challenges our clients face, while marketing will use data and digital to identify new growth opportunities based on engagement. We collectively evaluate them as an organization and action them accordingly.  

MZ: Last year, we published a report, “Brandand Demand Marketing: A Love Story,” which speaks to the tensions between brand and demand marketing and why working in silos harms performance. Both are critical functions that need to work together to enable success. How do you balance brand and demand within your marketing organization?  

AS: Within our marketing and communications organization, we made a significant shift to our operating model and chose to build out more specialized roles within the team. This shift has changed how we can execute and the speed at which we can deliver. As a result, we are becoming much more creative in presenting our insights and data, which gives executives ways to interact with our insights and take them to the boardroom. For example, we may not always win the thought leadership topic game, but we can win on how we deliver our thought leadership. By shifting how the team is structured, we’ve become more agile, allowing us to do some brand, demand, and business development enablement work.  

MZ: Now that you have this new operating model in place, are people still wired in the old way, hybrid, or have they fully embraced this new way of working? 

AS: Yes, we have adapted nicely to the new way of working, though it took time to map out workflows and ensure team members trust one another to deliver their part of the work. The briefing process is key every time we take on a new project. We establish the “why” of our project and challenge ourselves to think of creative ways to deliver the work.   

MZ: What kind of feedback do you get from your people regarding their careers and where they are in their journey? 

AS: We are a relatively new team. We are in our second full year as a fully formed marketing leadership team. We are all excited about the work we are doing. I give my team a lot of autonomy and space to innovate. Some of them are interested in AI, so they have dedicated time to play around with these tools. With AI, I’ve told them first to find a really small way to use it so that they can show the organization that we are thinking about it. The team quickly came up with the idea to build screensavers with our logo using AI, and now our consultants have this up on their desktops. Little things like that help build energy around innovation and move the organization forward, which excites the team. It feels like a small thing, but it gives people permission to experiment.  

MZ: Our research found that experimentation and a test-and-learn mindset are not nice to have but a must-have because if you only use benchmarks to measure success, you will fail. How does this concept sit with you? 

AS: I 100% agree. We do things we would never think to invest in as experiments and are always surprised to see the growth and opportunities that emerge. For instance, our Redefiners  podcast has been incredibly successful, but we did not predict that would be the case. I never thought we would see 25,000 downloads per episode in the first or third season. And because of this test, our podcast has become a successful investment in the Russell Reynolds Associates brand and is now a fully operational demand-generation tool.  

Test and learn is built into how we work. Some tests did not perform that well. For example, we thought this really cool digital pitch tool would completely change our win rate, but it didn’t, so we pivoted and killed it quickly.  

MZ: What big takeaway do you want to share with other CMOs and marketing leaders?  

AS: Creating an environment and a team that can be very agile is incredibly important, but you need to make sure you also have the right technology to support it. After all, much of your budget goes to your marketing technology stack. Having the right operating model is also important. You need to create a model that enables your marketers to work and act differently and not get stuck in the ways of working that are not working. It’s essential to challenge the organization, innovate, do things competitors aren’t doing and let ideas come from everywhere. Because my team is so agile, we can act on and respond to new ideas and bring them to market faster. 

MZ: What are the biggest challenges you believe other CMOs and marketing leaders face today and will continue to face in the next few years? 

AS: I am convinced that marketing is going through a massive disruption. AI will transform marketing, and the marketers who understand how to use AI, develop prompts and put them in workflows will see a lot of success. The challenge with the CMO role is that it is very broad and has high expectations. You only have a little time to think, transform, and drive change. But the CMOs and marketing leaders who figure out how to use AI in their workflows will be more productive and thrive.  

About Mat Zucker 

Mat is a senior partner and co-lead of Prophet’s Marketing and Sales practice. He helps clients transform digitally, finding new areas of growth in marketing, content and communications. Previously, Mat was the Global Executive Creative Director at Razorfish, served as Chief Creative Officer at OgilvyOne New York and held leadership roles at R/GA and Agency.com. In addition to helping clients creatively connect and engage with their customers, he hosts two podcasts, Cidiot and Rising.   

Are you interested in talking with Mat? You can contact him, here


ABOUT THE SERIES

In our new series, Brand and Demand: The Interviews, Prophet experts sit down with CMOs and marketing leaders who are unlocking demand, driving uncommon growth and building relentlessly relevant brands to get their takes on the top trends, challenges and opportunities they face in today’s disruptive world.

The post Brand and Demand: An Interview with Amy Scissons appeared first on Business Transformation Consultants | Prophet.

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CMO Focus: Five Trends to Watch in 2023 https://prophet.com/2022/12/cmo-focus-five-trends-to-watch-in-2023/ Mon, 19 Dec 2022 15:37:52 +0000 https://prophet.com/?p=31189 The post CMO Focus: Five Trends to Watch in 2023 appeared first on Business Transformation Consultants | Prophet.

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CMO Focus: Five Trends to Watch in 2023 

Expect marketers to navigate economic upheaval and changing customer preferences by leaning into new approaches.

Chief marketing officers are looking to the year ahead with caution as the story of the economy plays out through 2023. While growing economic uncertainty means almost nothing will be predictable, it also creates opportunities for leaders to shine by doing more with less and leaning heavily into creativity and innovation. On the one hand, CMOs feel pressured to keep in step. They want to move faster and are looking for ways to add speed and tactical agility. But they’re moving more thoughtfully, too. They want to deepen their connections with people at a time when consumers are more conscious about their spending. Importantly, they feel well equipped “to go into battle” as they can lean back on lessons learned from the beginning of the pandemic. 

While building a strong brand is always critical, it becomes more important during economic downturns. When presented with brand choices, consumers are more likely to stick with brands they know and trust–even when given lower-priced options. So CMOs are questioning which moves will best strengthen trust with their existing customer base while finding ways to resonate with more consumers. 

In the coming year, we expect CMOs to: 

1. Flex Into Expanded Roles 

Their titles haven’t changed, but marketers recognize that their sphere of influence is shifting. The marketing function is no longer just responsible for using marketing to deliver value to the organization. They must prove and demonstrate how while taking on more ownership of the growth agenda. That includes uncovering new pockets of growth and figuring out new audiences and opportunities. 

As board-level expectations rise about marketing’s ability to prove its value, CMOs become integrators. They are bringing together different functions, from sales to product to ESG. This expanded responsibility for growth means moving beyond marketing key performance indicators to commercial KPIs, substantiating their impact on growth.  

And that means marketers must embrace a different language, leaving marketing jargon behind as they translate everything they do into the lexicon of business value. 

2. Refocus on Existing Customers Through Their Post-Purchase Journeys 

In times of economic uncertainty, companies should shore up their customer base, exploring new ways to drive loyalty. In lean times, brands must find ways to build trust and stay top-of-mind. Creating better customer experiences is a sure bet. 

The more companies invest in customer experience, the more they learn how to improve it. That means they’re making sure CX is brand-led, differentiated and personalized. The shift comes from seeing CX less as a defensive exercise and more as a positive relationship builder. It’s a way to expand the brand definition, bringing customers closer to its purpose. It creates more meaningfully engaged communities that act as stores of value during challenging economic times and sources of advocacy when conditions improve. 

Only data can inform that level of intimacy, so CMOs are becoming more outspoken about ineffective corporate data strategies. They’re learning that an overabundance of data often means they can’t thread the needle. And they’re constantly re-evaluating the role analytics play in the marketing organization, aligning marketing technology to produce more meaningful insights. 

It’s not just about having the right data. It’s also about having the right talent and teams in place to support the shifting needs of the business. We expect CMOs to continue to prioritize adding insight and experienced professionals who know how to ask the right questions of data and uncover insights that drive growth. 

3. Hold the Line on Brand Versus Performance Marketing Budgets 

The mix matters. And it requires extra attention in bumpy economies. Many companies are already slipping into fear-based budgeting, tipping into demand marketing at the expense of brand initiatives. It’s easy to do so at a moment when the rest of the C-suite is begging for quick results.  

But it’s also a mistake. And the most effective CMOs will make a case for sticking to the 60/40 rule, even as they find better ways to integrate brand as a growth engine. 

And they’ll increase efforts in key areas: 

  1. Experimentation: Under budgetary pressure, it’s tempting to back away from unproven channels. Those that continue to test and learn will see the best long-term growth results versus relying solely on quickly outdated benchmarks. But with the stepped-up scrutiny on budgets, experimentation should be agile. It’s okay to redeploy resources if the tests aren’t delivering results.  
  2. Channel Strategy: Social media is changing so fast that it requires teams to constantly refine goals and tactics. As TikTok becomes mainstream, Twitter (and new competition) evolves, YouTube gains clout and the metaverse beckons, brands need to constantly chart new directions. Few brands can–or should–be everywhere. But they all need to know how and why their customers use social.  
  3. Reporting: Tracking and socializing results should be done through business outcomes, not marketing metrics. This makes it more possible to connect brand and demand performance. No one in the board room wants to hear about clicks. The point of reporting is to evaluate past performance and make better, more effective strategic decisions for future efforts, getting the most out of limited resources. 

4. Welcome More ESG Moves into the Marketing Tent 

As governments, investors, employees and customers demand more accountability, environmental, social and governance policies are under the microscope–and their weaknesses are showing. Marketers can and should take on more, addressing the many ways ESG issues directly impact brand value. More CMOs are putting sustainability commitments and public announcements on the front of bottles, addressing it in packaging and formulation.  

They’re becoming more aware of how vulnerable brands are to greenwashing claims. That means focusing on the key proof points needed to substantiate ESG efforts.  

But most importantly, CMOs recognize that ESG has become a customer preference and a strong one. People want companies to make less harmful products and to behave responsibly. It’s no longer possible to think that only subsets of consumers care about the planet or labor practices. It’s a trend that will only intensify. 

We’ll see more businesses realize that ESG shouldn’t be thought of as a single set of initiatives. It’s a commitment a company makes, which then translates into many facets of operation and consumer engagement. 

5. Rewrite Their Personal Purpose 

Many CMOs are facing a significant amount of internal and external headwinds which can lead to a sense of frustration by not being able to deliver the impact they’re looking to achieve. While their creative energy and strategic skills may have propelled them to the top job, the harsh challenges of the last few years have sucked much of the fun out of their careers. Bludgeoned by the Great Resignation, skirmishes over hybrid work policies, positions that seem unfillable and looming economic storm clouds, many feel more like survivors than visionaries. They have less freedom to be creative. And motivating teams while managing department-wide burnout takes much more of their time than it once did. 

While the last few years may have presented a number of challenges, there’s ample opportunity to start taking their purpose-branding lessons to heart and redefining their career goals. Expect to see CMOs applying the lessons from tough times to dig deeper for motivation and find new ways to reignite their passion for marketing. Their goal is to transform resilience from a corporate buzzword to a personal mantra. 


FINAL THOUGHTS

We’re not surprised that the average CMO tenure hovers at 40 months, the lowest in a decade. Periods of constraint are inherently more demanding than growth spurts, and CMOs have to do more with less. But cutbacks also fuel innovation. We expect to see CMOs build trust with customers by leaning into personalization. They’ll find new ways to collaborate, forming creative partnerships that span silos. They’ll enrich their brands with thoughtful experimentation. And in doing so, they’ll unlock uncommon growth–even in a recession.

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