Effective designs and plans
are essential to guide the extended information networks that are
today’s marketing organizations.
Intelligent Marketing
Networks
Successful firms today are best characterized as integrated
networks of information flows powered by well-defined processes,
resources,
and plans. This is especially
true for a firm’s marketing assets. Successful marketing can only happen
when a firm’s marketing network is well-designed, implemented and
managed.
Spanning from R&D to the customer, and from strategy plans to tactical
execution, intelligent marketing networks coordinate a wide range of objectives,
information, and capabilities to achieve market impact. Successful marketing
teams rapidly harness information and assets to effectively guide the firm
as a whole.
Challenges
But even at the best firms effective marketing is a challenge and problems
abound. There may not be a market-driven business strategy in place. Program
managers, sales, marcom, agencies, and channel partners may not be aligned.
Product Marketing may be weak or overloaded and unable to effectively work
in partnership with R&D. Large marketing investments may not be paying
off.
The most common problems are often with marketing structures outliving
their time. Legacy marketing networks often continue to operate even when
they are
no longer productive. Often a business’s strategy has changed - together
with its product, channel, and customer environments – but the marketing
network, information, and processes have not. This disconnect can hurt a firm’s
performance.
These disconnects are especially common for technology and innovation firms.
Firms with high-velocity product cycles face specific challenges and risks:
commoditization, new technology platforms, customer segmentation, rapid rollovers,
or shifting channel dynamics. To continue to win, a new or reconfigured marketing
network is often needed.
Renovation
Successful firms today are renovating their marketing networks. They are realigning
their marketing assets and processes for the future. They are refocusing their
marketing investments, plans, and activities for effectiveness. And they are
reigniting their acceleration and growth.
Specifically, winning firms are developing marketing system architectures that
integrate across five key dimensions:
- well-defined knowledge bases,
- a full set of well-integrated
processes,
- targeted investments,
- high impact market plans,
- and clear
and relevant metrics.
Firms are making progress in
small and large steps. Some are starting in a focused way on one
product launch or a critical core process. Others are looking to
accelerate past their competitors by putting in place a new and
comprehensive capability.
Either way, firms are working to develop intelligent marketing networks which
deliberately and continuously connect R&D - to marketing - to sales - and
effectively and efficiently to customers.
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