WhatTheyThink

Premium Commentary & Analysis

Marketing is Upbeat as the CMO Council Publishes The State of Marketing 2012

The CMO Council recently published The State of Marketing 2012: A Global and Multi-Regional Marketing Assessment. Findings indicate that marketers are positive as they head into 2013 with confidence in their roles and their business performance. This article highlights some of the report's findings as the New Year approaches.

Thursday, December 13, 2012

Each year, the CMO Council surveys more than 500 marketing executives to gain perspective on the future of marketing. Last week, it published The State of Marketing 2012: A Global and Multi-Regional Marketing Assessment. Findings indicate that marketers are positive as they head into 2013 with confidence in their roles and their business performance.

According to the report, marketing budgets are also on an upward swing. While the increase to marketing budgets will likely be conservative post-recession, there has certainly been some improvement. These budget swings have come with strings attached-specifically a mandate from senior leadership for marketing to increase its understanding of the customer and the big data that fuels intelligence. In 2013 and beyond, marketers will need to be savvy strategists, customer analysts, and business leaders rather than branding powerhouses and advertising geniuses.

Figure 1: The CMO Council's The State of Marketing 2012

54% of the 550 respondents surveyed by the CMO Council indicate that budgets are going up in 2013. The report also indicates that 2013 may prove to be the "transition year" from a social-focused strategy to a mobile-dominated experience. In addition to the new marketing channels being investigated in the coming year, 63% of senior marketers are looking at social. Meanwhile, 65% of marketers planned to make mobile a key area of investigation. Marketers also indicated that they were looking to bring on new talent with specialties in social media, marketing analytics, strategic planning, search marketing, web analytics, and customer insight. Across internal and external suppliers, marketers want to lead by example, holding both groups accountable with metrics and a link to business outcome and performance.


Continue reading your article
with a WhatTheyThink membership.

WhatTheyThink Annual Membership

Less than $4/week.

Get unlimited access to in-depth commentary and analysis covering the latest trends, emerging technologies, operational strategies, and key events across every segment of today's printing industry.

Stay informed. Stay competitive. Stay ahead.
WhatTheyThink Day Pass

$5 for 24 hours

Unlimited access to all of WhatTheyThink. Get your Day Pass

Already a member?
Sign In

About Barb Pellow

A digital printing and publishing pioneer, marketing expert and Group Director at InfoTrends, Barbara Pellow helps companies develop multi-media strategies that ride the information wave. Barb brings the knowledge and skills to help companies expand and grow business opportunity.

Please offer your feedback to Barb. She can be reached at [email protected].

Recent Articles from Barb Pellow

It’s an Omni-Channel World… Especially During the Holidays!

This holiday season, savvy retailers are working to meet customers on the channels where they are shopping and buying, whether it’s in a physical store, online, or via social media. This article highlights how various retailers are driving sales and encouraging engagement with multi-channel integrated campaigns. Read More

Differentiating Your Business with Wide Format

Wide format printing is a profitable and complementary product offering for print service providers that are seeking new markets and higher-margin businesses. This article discusses the three key practices for success in this market. Read More

It’s Time to Take the 15 Page a Day Challenge… and Share it with Friends!

This past July, the Paper and Packaging Board launched its 15 Pages a Day Challenge, which encourages everyone to commit to reading 15 pages each day. This article cites recent research to highlight the benefits of reading on paper and also provides information on the challenge. Read More

Industry 4.0 Will be Everywhere at Print 2017

Many historians agree that there have been three industrial revolutions to date, but interconnected digital technology might be triggering the fourth. Print 2017 is nearly upon us, and the concept of “Industry 4.0” will likely be a major theme at the event. This article discusses some of the Print 2017 advancements that are expected to change how print is manufactured, what service providers produce, and who print service providers will become as they transform their businesses to better align with digital technologies. Read More

Pricing Strategy: Labor Theory of Value versus Value-based Pricing

Companies within in the printing industry have historically had a manufacturing mentality—they subscribe to the labor theory of value, which states that the value of a service is determined by the amount of labor that goes into production. Now, thousands of firms in a variety of industries are pricing their services according to the external value created—as perceived and determined by the client—rather than the internal costs incurred in generating services. This article explores the concept of value-based pricing and highlights some real-world examples of companies that are embracing this strategy. Read More