Pat LaPointe, Managing Partner at MarketingNPV, provides chilling insights into how to deep-six your career in the latest Online Metrics Insider.
According to Pat, these are the five key questions that have been known to pop up in discussion with CEOs/CFOs, often short-circuiting otherwise brilliant marketing careers.
- What are the specific goals for our marketing spending, and how should we expect to connect that spending to incremental revenue and/or margins?
- What would be the short and long-term impacts on revenue and margins if we spent 20% more/less on marketing overall in the next 12 months?
- Compared to relevant benchmarks (historical, competitive, and marketplace), how effective are we at transforming marketing investments into profit growth?
- What are appropriate targets for improving our marketing leverage ($’s of profit per $ of marketing spend) in the next 1/3/5 year horizons, and what key initiatives are we counting on to get us there?
- What are the priority questions we need to answer to inform our knowledge of the payback on marketing investments – and what are we doing to close those knowledge gaps?
How you answer these five questions will get you promoted, fired, or worse — marginalized.
So what should you do?
Pat provides specific, actionable, accountable recommendations.
If you’re a marketer, this is a must-read.
Related posts:
- Marketing In The Era of Accountability In 1980, the UK’s esteemed Institute of Practitioners in Advertising...
Tags: initiatives, insights, marketer, marketing careers, pat lapointe
This entry was posted
on Tuesday, October 27th, 2009 at 9:54 pm and is filed under Accountability, Marketing.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.
[...] This post was mentioned on Twitter by Mark Price and davidgandrud, Michael Carney. Michael Carney said: New blog post: "The Five Questions That Kill Marketing Careers" – Pat LaPointe http://bit.ly/OF4jq [...]