4 CMOs share their advice on embracing failure

We asked four marketing leaders their advice on coping with failure and why it's core to innovation

Be prepared to lose to win

Ben Amarfio, executive general manager of media, communications and marketing, Cricket Australia

Upfront, I should be clear that I am a very competitive person who doesn’t like losing and failure. As a long-term business strategy, regular failure has some limitations, but I appreciate the notion that if you’re not failing sometimes, you are probably playing things too safely. Jeff Bezos has taught us that in order to innovate, we are going to have failures as a result of experimentation, taking risks and challenging the status quo.

The essence of professional sport is that you play to win, so the concept of celebrating failure runs contrary to the goal of sporting contests and yet it is a day-to-day reality for all sporting organisations, including Cricket Australia. It would be fair to say we learn as much from failure as we do from success.

Our national teams live by the mantra that we are prepared to lose in the pursuit of winning. Our national coaches, Darren Lehmann and Cathryn Fitzpatrick, and captains, Michael Clarke and Meg Lanning, are very aggressive in their approaches. They are not interested in playing for draws unless all opportunity for winning is extinguished. They are prepared to risk failure for a win.

Our marketing function is no different – we want to take risks and we have to risk failing in the pursuit of success. Fortunately, both our national teams and marketing team win more than we lose.

At the heart of it, people avoid risking failure because frankly it’s not much fun and too much of it is career limiting.

But in order to be an effective marketing function, we need to stop thinking of failure as something to be avoided and recognise the positive to come from it, which is learning. The key is constantly learning from failure in order to minimise failure, eliminate the things that don’t work and improve the process.

The seasonal nature of cricket gives our marketing team an opportunity to assess the success or failure of activities on a regular basis, and build on our experiences year-on-year.

We are focused on delivering innovation across our marketing function and it is only through reflection on the effectiveness of our work that we are able to improve.

How to pinpoint marketing effectiveness? That’s a whole other topic.

What’s also critical to the concept of failure being properly embraced in any organisation is a culture where feedback is encouraged. This is something we are constantly looking to improve.

We have to give people confidence that they can try different things and be rewarded if they are successful.

More importantly, however, we can’t castigate, belittle or punish those who fail while pursuing a considered risk.

Those who have done their due diligence and proper analysis but failed due to reasons beyond their control should be celebrated for having a crack – isn’t that part of being Australian?

Braving the unknown

Ashif Dhanani, CMO, Macquarie Telecom

If you have never failed at marketing, you haven’t tried anything new. It means you have stayed close to past best practice, and settled for ‘me-too marketing’ tactics.

The world is changing fast; whether you are in a B2C or B2B environment, your audience is evolving every single day. They are choosing where, when and how to use information to make informed purchasing decisions. Social media channels will fall in and out of favour and other channels are evolving faster than books can be written about how to use them. To keep up, you have no choice but to experiment. And with that comes higher probability of failure.

We did this recently with an activity that we’d never measured before. In an organisation where every dollar is accounted for, we had to squeeze the funding from other activities to brave something new, knowing it may not work. And in the past, there have been campaigns that haven’t delivered the results. Failure and learning from it is the necessary step to getting things right next time and it’s now a way of life for most reputable marketers.

The idea of failure does not align with the need to have defined KPIs with milestones and targets. I have yet to see a KPI that has a goal to fail, which is ironic, because it is only by failures that you can reach marketing excellence.

When leading a team, it is important to keep everyone focused on the end destination; each team member should be encouraged to get to the destination without any adverse effect from failing a few times on their way there. The main job for marketing leadership is to bring the rest of the team on the journey – and that includes occasionally failing, learning and evolving your approach.

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

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Latest Videos

More Videos

who wants to date me I am 9 years old and i am a boy

Jeremy Hawkins

Sink a sub gaming experience signals Subway's renewed brand push

Read more

Great read. I agree that it should be a perfect balance between interacting with your customers and knowing your brand. As a business, yo...

Caroline Scott

7 ways CMOs can improve their customer engagement game

Read more

Very true. Team development helps improve collaboration among the team members. I was able to improve my team's collaboration skills by t...

Quent Sinder

Why empowering others can help make you a great leader

Read more

CRM is a very good software that can help you succeed in your business. In my company, this system has allowed me to improve customer rel...

Anna Janicka

Sensis rebrands to Thryv and brings business software to Australian SMBs

Read more

AI Leasing Assistants have finally arrived for the multifamily industry. With so many to choose from it can be hard to figure out which i...

Alice Labs Pte. Ltd.

CMO's top 8 martech stories for the week - 6 May 2021

Read more

Blog Posts

Unboxing 101 - How savvy influencer engagement can build a brand

The humble unboxing video is a powerful tool. Correctly executed, it harnesses consumer fandom, viral authenticity and brand design magic to deliver a high-impact message to a tightly targeted cohort of consumers.

Gali Arnon

Chief marketing officer, Fiverr

​Power to the people

Purpose is the ultimate statement of intent for many organisations. Why are we here? What are we trying to achieve?

Rich Curtis

CEO, FutureBrand A/NZ

The playbook to develop strategic brand moats

Warren Buffet is an unlikely ally for marketers. But his belief businesses need strategic moats that increase their value in the market while acting as barriers to competitors can offer marketers a new playbook for brand building and driving growth.

Fabian Di Marco

Founder and managing director, Tzu & Co

Sign in