Posts Tagged ‘initiatives’
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.
Tags: initiatives, insights, marketer, marketing careers, pat lapointe