Marketing. It's meant to be at the core of every business, bridging the gap between product and customer. In this episode of the sleeping barber podcast, our hosts Marc Binkley and Vassilis Douros debate if our discipline is at a crossroads. They discuss a myriad of topics covering the lack of identity of our discipline, CMO tenure, and even misguided marketing perspectives. This episode will leave you reflecting on what you, as a practitioner, can do differently and how to better adopt evidence-based decision-making.
The Sleeping Barber - A Marketing Podcast:
Follow our updates here: https://www.linkedin.com/company/sleeping-barber/
Get in touch with our hosts:
Marc Binkley: https://www.linkedin.com/in/marcbinkley/
Vassilis Douros: https://www.linkedin.com/in/vassilisdouros/
Special thanks to friends of our podcast, Kantar, for sourcing great literature for us.
Creating better briefs - betterbriefs.com
How CEOs Grade Their CMOs - Forbes
Is The CMO Tenure Narrative Wrong? - Forbes
Total Marketing ROI - Kantar
The Imperative of Imagination - Kantar
Media Reactions 2022 - Kantar
The CMO Survey® - London Business School
If there was a marketing effectiveness 'crisis,' it's now over - MarketingWeek
Look at your brand from the customer's perspective, not the other way round - MarketingWeek
Average CMO Tenure Holds Steady at Lowest Level in Decade - WSJ
0:46 - Intro
2:18 - Marketing has a lack of identity
3:58 - What happened when marketing was led without an executive
6:10 - The "Evidence" why marketing is in trouble: CMO tenure, misguided perspectives, lack of effectiveness
8:14 - The CMO unicorn & the disciplines needed to succeed
11:03 - The merging of CMO and CDO
13:30 - Media Mix Modelling and Multi-touch attribution
15:09 - It's the death of ___
19:02 - The decline in marketing effectiveness
21:48 - The importance of creative
24:15 - Marketing has zero strategy
26:35 - Briefs and strategy
33:21 - The problem with quick wins
36:45 - Improving our metrics with evidence-based decision making
40:27 - Why do we default to myopic marketing myths?
43:15 - The misguided perspectives in marketing
48:00 - Are we really consumer-centric?
54:48 - The 4 Ps of marketing
57:17 - Conclusion - Is marketing really in trouble?