CMO Council State of Marketing shows CMO confident in c-level role, revenue targets

Yet many marketing leaders are still battling with data and customer analytics as well as digital marketing transformation

CMOs are increasingly secure in their c-suite position and are expecting to achieve revenue and market share goals set by management in the next year even while they’re still battling with data, customer engagement and digital marketing concerns.

The new global State of Marketing study from the CMO Council, the eighth edition of the annual survey, found 81 per cent of marketers believe management mandates for top-line revenue growth and market share are realistic and attainable this year. This is despite the fact that only 26 per cent are halfway towards achieving these goals.

In addition, 55 per cent are planning headcount additions, and 54 per cent expect budget increases. This compares to 22 per cent who expect budgets to decrease.

The association’s report also found 30 per cent of respondents believe the CMO is now equal to other c-level peers in regards to stature and influence, while 45 per cent said this was sometimes the case. Twenty per cent said the CMO is yet to attain equal status. Only one in 10 marketers saw their jobs as at risk or on the line.

In terms of c-level relationships, the report found 58 per cent of CMOs are inclined to partner and interact with CFOs, a reflection of their heightened accountability through data and marketing automation, followed by CIOs (53 per cent) and sales chiefs (51 per cent).

An increasing trend is alignment with HR and chief operating officers (40 per cent). Across the board, 69 per cent said they are trusted and strategic members of the c-suite and are increasing their stature and credibility with key business leaders. Just over half of respondents reported directly to a CEO, president or chief operating officer.

“A big benefit to marketers is the growing level of collaboration and interaction with functional heads and line-of-business leaders,” CMO Council executive director, Donovan Neale-May, said following the release of the findings.

“This is giving marketing more weight in strategic decision making and also ensuring organisational alignment around the customer experience given marketing’s increasing ownership of customer data and insight.”

There are of course many challenges still facing CMOs. Forty-one per cent of respondents are challenged by insufficient budget, and many admit they still struggle against senior management mindset of marketing’s strategic function along with change-resistant cultures.

In the high-profile area of data and customer analytics, only 6 per cent see themselves as leading big data management, while 62 per cent view themselves as only keeping pace or lagging behind their competitors. And most are overwhelmed with the rising number of digital marketing solutions, touchpoints and silos of data inside and outside their organisation.

Forrester: Technology and marketing disconnect hinders customer analytics success

As a result, customer analytics topped the list of most sought-after skills to be recruited by global marketers in the next 12 months. Improved customer segmentation and targeting was highlighted by 63 per cent as the way to maximise the impact of their marketing activities.

A key achievement cited by more than half of respondents over the past 12 months was their effectiveness in uplifting digital marketing capabilities and improving engagement with customers online. Against this figure, 60 per cent listed a ‘digital marketing makeover’, involving platforms, programs and program, as the top transformational project for the year ahead, and only 6 per cent gave themselves a top mark in digital marketing performance.

At present, 70 per cent of marketers have allocated between 10 and 30 per cent of their budgets to digital marketing. Top areas of investment are email marketing, website performance optimisation, mobile applications, lead management, website design and development, and search marketing.

The State of Marketing report was based on responses from 525 global marketers to a 50-point assessment conducted during the first quarter of 2014.

In its executive summary, the CMO Council noted chief marketers are increasingly becoming champions of customer-centric cultures, as well as digital change within their organisation.

“They are not only deepening relationships and collaborative with c-level peers, but also leading a broad enterprise shift to digital engagement with customers, commercial partners, channels and field organisations,” the report authors stated.

“Increasingly, chief marketers are… the architects of elevated customer experience through better synergies between back-end operations and front-line interfaces. They have the data, knowledge and acumen to make smarter, more informed decisions and bring voice-of-the-customer insights to executive conversations to help direct strategy.”

The full State of Marketing report was released a month after CMO Council shared the findings of its first global <i>CMO Compensation Report</i>, which found the highest paid marketing leaders have developed strong alliances with the CIO and CFO.

According to that report, CMOs earning the highest levels of base compensation are those focused on driving business performance through key metrics such as top-line growth, market share and efficiencies.

Follow CMO on Twitter: @CMOAustralia, take part in the CMO Australia conversation on LinkedIn: CMO Australia, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+: google.com/+CmoAu

Signup to CMO’s email newsletter to receive your weekly dose of targeted content for the modern marketing chief.

Read More:

Join the CMO newsletter!

Error: Please check your email address.
Show Comments

Supporting Association

Blog Posts

The impact of uniforms on consumer brand preferences

Flight attendant uniforms attract attention. From a primary association with sex appeal during the 1960-70s, to the diverse role they perform today, the flight attendant’s uniform sits front and centre in the advertising imagery of many airlines. However, relatively little is known about the ways in which consumer behaviour is influenced by airline uniforms.

Are data and creativity like chalk and cheese?

The industry is experiencing an explosion in data-led initiatives like programmatic buying, as well as a simultaneous increase in the importance of creativity. A less adventurous marketer might see these trends as chalk and cheese, as two developments which have the power to markedly improve a brand’s bottom line, but which don’t have much room for crossover.

Ashley Madison is a wake-up call for all marketers on data retention

The recent Ashley Madison hack is a wake-up call not only for consumers, but also for marketers and companies – many of which still do not take their customers’ privacy or data security seriously enough.

When you want to get the most ROI, researching about the tools you need will pay off big time. Take for example your marketing and repor...

TapAnalytics

​How to get the best ROI from your martech investment

Read more

We can see how companies are now developing and improving the digital marketing platform they are using and finding ways to add more feat...

TapAnalytics

CMO's top 10 martech stories for the week - 21 January

Read more

Very nice article, Thanks for sharing this necessary information about digital trends. Specially i like prediction no 3 " Marketers embra...

kevin marshall

Predictions: 16 digital marketing trends for 2016

Read more

Mobile has indeed becoming a big player in the marketing industry. It should be utilized by businesses and mobile campaigns should be pro...

TapAnalytics

Report: Mobile-based campaigns and coupons boost consumer brand sentiment

Read more

Very good points, thanks for this article :) I would also add Virtual Reality to the game changers in 2016 (especially after CES2016). I...

Piotr Maksymowicz

Predictions: 16 digital marketing trends for 2016

Read more

Latest Podcast

More podcasts

Sign in