Marketing accountability

Marketers have an image problem and it’s their (our) own fault. Marketers need to become more accountable for themselves and for the benefit of the business. This words come out of a presentation from Futurelab, but they’re not the only ones to realize that accountability is exactly one of the key issues marketers have to deal with.

“We can’t compete on price. We also can’t compete on quality, features or service. That leaves fraud, which I’d like you to call marketing”
– Dilbert’s boss

A couple of months ago, Gregor Harter, Eward Landry and Andrew Tipping wrote an interesting article on The New Complete Marketer, like they called it. Apart from ‘putting the consumer at the heart of marketing’ or ‘live the new agency paradigm’ (thinking also about my agency2.0 post) they focus on the ‘make marketing accountable’:

“For many enterprises, the development of accountability follows much the same path, as marketers learn to transform raw data into actionable planning. Stage one is evaluating what is being measured and how it is being measured; stage two is condensing scores of diffuse reports and metrics down to a useful few; and stage three is creating targeted analytics and a core report to gauge performance and help determine where best to focus going forward.”

Back on Futurelab Jon Miller talked about the 5 stages of marketing accountability and asks in which stage you are with your organisation. The stages are:

  1. Denial: “Marketing is an art, not a science. It can’t be measured. The results will come, trust me!”
  2. Anger: “You just don’t understand how marketing works. Why is marketing held to a higher standard than everyone else?”
  3. Confusion: “I know I should measure marketing results, but I just don’t know how.”
  4. Self-Promotion: “Hey, come look at all these charts and graphs!”
  5. Accountability: “Revenue starts in marketing.”

ANA think it’s a trend to watch in 2008 though, they think this is the year marketers will get serious about marketing:

“In ANA’s 2007 marketing accountability study, it was startling to find that, despite enormous efforts, 42% of marketers were dissatisfied with ROI measurements and metrics. In about half of the companies, marketing and finance don’t speak with one voice or share common metrics. Enough! Recognizing the critical importance of accountability, companies will appoint a czar — the chief accountability officer — to lead a disciplined, internally consistent approach to marketing measurements, metrics and productivity.”

So the question is, where are you as a marketer? I believe it is indeed something we marketers need be a lot more serious about, for themselves and the business. What’s your take?

 

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