Marketing Accountability
At the recent Forrester Customer Experience Forum, Principal Analyst Dave Frankland spoke about the four tenets of breakthrough marketing accountability: organizational alignment, cross-functional business processes, value-based metrics, and communicating results. In addition to these core components, here there are some other things which are also critical to establishing marketing accountability:
1. Use Incremental Rather than Gross Measurement
Marketers are much more credible when they embrace the discipline of incremental measurement. This requires (where possible) using statistics to design “control groups” which do not receive the marketing stimulus in question. In that way it is possible to isolate and measure the impact of that specific stimulus. This is not common practice, but should be. The reality is that measurement is most commonly in “gross” terms –producing results which do not break out what would have happened absent that marketing stimulus. This leads to inflated results which some marketers think look great but which in reality erodes their credibility with internal business partners.
2. Define Success in Advance, Not After the Fact
When planning any kind of marketing investment, define the standards and threshold for success before you execute the initiative. Too often marketers are guilty of spending money and then trying to justify it after the fact. That just diminishes trust in their numbers and in their motives.
3. Communicate Using Metrics the Rest of the Business Can Relate To
If you talk only in marketing-speak, then you risk being relegated to a second class corporate citizen who appears unwilling to be held to the same hard metrics that other teams have to sign up for.
4. Walk The Walk
Demonstrate accountability by killing failing programs and promoting continuous improvement.
If you want to demonstrate accountability then you have to show that you will live by the results of objective measurement. In other words you have to be willing to make the tough decisions that the numbers dictate. That may require you to kill failing programs and challenge received wisdom, but being willing to do so is essential to your credibility as a marketer.
5. Embrace Analysis, Don’t Try to Kill It
This will sound sinister but I see it happening all the time - marketers not liking the analysis presented to them because it does not fit with or convey their desired outcome. So they push back. They challenge the methodology. Or they “shoot the messenger” by throwing their reporting and measurement colleagues under the nearest bus. To be accountable you must be willing to be measured objectively and to live with the results.
6. Get Buy-in on Shared Results
If you feel that by launching a marketing initiative you can positively impact the results of another group – say, field sales – then work with the management team of that group to agree on the type and magnitude of that impact. Otherwise you risk making claims on behalf of others that may have no basis in reality and that will not be believed.
Recent Comments
From Sakina Walsh on The Real Cost of Your Facebook Profile: Great perspect6ive, Jennifer. So true once you stop for a moment to think…
From Will on Are You Ready to be a Marketing Apiary?: It's very true that in order to produce true customer value, companies MUST…
From Frish on When Firing the CEO is Not an Option: Both the article and Kevin's post reflect that the CEO may have asked for a…