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White Paper Marketing Career Brief: How to Grow Your Career as a Marketer You probably weren’t thinking about project management and • Creative project management process optimization as you studied for your marketing degree— • Content/asset management perhaps you were dreaming of CLIO, Webby, Echo, and ADDY Awards. Budgeting and project management were for bean counters and propeller heads. As it turns out, however, if you want to move up the marketing ranks, a Six Sigma certification may get you further than a slim, gold statuette. Insights from industry interviews reveal a disturbing trend: lucrative • Efficient execution of programs Marketing Manager $89,531 = US National Average Salary 134864 122,763 marketing promotions are going to candidates with little or no marketing experience. So, what are companies looking for in the “new marketing manager”? 92509 89,531 STARTLING FIND: COMPANIES HIRING MARKETING MANAGERS FROM OUTSIDE MARKETING Why We’re Researching Career Trends in Marketing 62,255 50154 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% For some time, Unica had been hearing from Marketing Operations OnDemand users that marketing automation had helped them in their careers. Marketing Operations OnDemand was initially devel- National Average for Marketing Manager Salary All Reported Salaries Are in U.S. Dollars (SalaryExpert.com) oped to manage marketing plans, budget, people, and processes that were getting more important and more difficult. But, what if The Most Surprising Trend in Marketing Management Hires Marketing Operations OnDemand was able to not only improve The interviews quickly revealed an unexpected trend. It seems that company results, but help advance marketers’ careers as well? the ability to manage plans, budgets, people, and processes is criti- Unica interviewed a host of marketing managers and directors to figure out exactly how marketing resource management and specifically, Marketing Operations OnDemand, had helped marketers in their careers. NOTE: Due to the sensitive nature of this topic, the interviewees quoted here are kept anonymous. What impact did using marketing resource management have on their careers? • Promotions? • Better pay? • More choices? • Broader scope and responsibility? cal to marketing management—so critical, in fact, that organizations are hiring outside marketing to get those skills into the marketing organization. Many of the marketing directors and managers we spoke to had little or no background in marketing prior to their current job. They were hired for their expertise in project management, process optimization, planning, and even Six Sigma. Marketing Operations OnDemand’s role in this trend is twofold: • For marketing managers already skilled in these areas, Marketing Operations OnDemand helped them automate and optimize their work activities and teams. • For marketing managers lacking these skills, Marketing Operations OnDemand gave them a fast track to mastering process and measurement competencies. What aspects of marketing automation have been most helpful to the managers’ career advancement? • Planning and budgeting • Resource management Unica Corporation | www.unica.com 1 Highest Annual Base Salary Ranking – Head of Sales & Marketing WHAT WE HEARD—MARKETING SKILLS NOT REQUIRED RANK COUNTRY “Believe it or not … the majority of us here don’t have a ANNUAL BASE SALARY (USD) marketing degree.” 1 (highest) United States 220,000 “My marketing career is quite by accident. I’m actually a 2 United Kingdom 178,571 3 Denmark 169,388 ment experience, not particularly marketing communica- 4 Belgium 167,741 tions experience.” 5 Italy 167,375 6 Mexico 165,928 7 Canada 160,169 The New Marketer’s Skillset 8 Switzerland 155,610 Marketing organizations have reached unprecedented size, through- 9 Hong Kong 147,442 10 Japan 145,140 chemical engineer by training.” “They were looking for somebody with project manage- put, and global reach—which means more projects, increasingly complex projects, and even projects executed around the world. That’s why marketing management positions require more advanced MarketingHire.com business management skills than ever before: planning, budgeting, resource allocation, and process capabilities. • Marketing management salaries are high: The good news is that the complexity and the skills needed to manage today’s marketing organizations have driven salaries up. Marketing and finance management positions earn the highest base salaries within companies, and marketing leaders in the United States WHAT WE HEARD—THE NEW SKILLS MARKETING MANAGERS NEED “It is hard to find an individual who is both creative and also very organized and process-oriented. It’s a weird leftbrain/right-brain thing. To get both things in one individual lead the world in salary. Marketer managers are paid well to do is lucky. If you are that person, you’re very lucky.” their jobs, and candidates outside marketing are noting that. “A resume with skills in marketing resource management • Organizations search outside for key capabilities: The bad goes to the top of the stack.” news is that these competencies are scarce in marketing orga- “If you don’t have project management and budgeting nizations, where marketers traditionally have not been hired or experience—you don’t know how to juggle a lot of market- trained for these skills. If the internal staff lacks this “process ing plans at once with a lot of different budgets and know know-how” (i.e., managing and measuring processes) as one where your money is going—you’re not going to survive. marketing manager called it, the organization fills marketing You are not going to be successful at the position.” management positions with non-marketers who do have that “I’m a former chemical engineer and product manager, but know-how. my Six Sigma skills have helped me succeed as a marketing manager.” Marketers who aspire to management positions must master the knowledge, skills, and tools to manage marketing plans, budget, people, and process. Without these capabilities, a marketer’s career may be limited to individual contributor roles or roles with narrow scope, and they won’t reach top earning potential. SHIFTING REQUIREMENTS: WHY HAS MARKETING MANAGEMENT CHANGED SO MUCH? What’s changed in marketing? Once upon a time, marketing managers were the people with the highest creativity, innovation, talent management, and communication skills. So, what’s driving the requirements for the new, process-driven marketing manager? Unica Corporation | www.unica.com 2 Changing Skills and Capabilities for Marketing Managers OLD SKILLSET FOR SUCCESS NEW SKILLSET FOR SUCCESS WHAT WE HEARD—MARKETERS MUST SPEAK CFO “The business units pay us to do our job, so they want to see what they are going to get for their money. The only • High people skills • Planning way that we can do that is to have these projects in • High sales skills • Budgeting [Marketing Operations OnDemand].” • Very high communication • Project management “They are much more comfortable giving us the money skills • High ability to synthesize • Workflow and process optimization • High creative ability • Resource management • Medium initiative • Measuring results and understanding their (from http://careers-in-market- implications ing.com) and letting us spend it as we see fit, whereas before [Marketing Operations OnDemand], they were worried about that.” “[Marketing Operations OnDemand] allows upper management, at anytime they want, to go in and run a report and see how much is being spent in marketing communications without having to rely on the marcom managers.” “MRM has changed the way I work with finance. Now, when I try to secure an annual budget or I try to defend Accountability and Complexity Drive Marketing Management Requirements against budget challenges, I can detail the future impact to New trends within marketing and across the organization have “You absolutely have to speak CFO, CIO, and CEO, and I radically altered what an organization expects from marketing and don’t think that, as a general rule, marketers are very good its managers: at that.” programs and ultimately leads, sales, and revenue.” • Marketing is expected to be fiscally accountable. Gone are the days of “Half the money I spend on advertising is wasted; the trouble is I don’t know which half” (John Wanamaker). Today, accountability is king. • Marketing metrics are more advanced. We’ve shifted from “eyeballs” to “conversion rates,” from “leads” to “qualified marketing opportunities.” It’s a whole new level of performance A Credibility Crisis in Marketing Marketing can’t afford to be perceived as the “Crayola” department, which is how one manager described his company’s opinion toward marketing. Many marketing departments don’t have the respect of metrics. Marketers must have the analytical skills, reporting skills, and associated technologies to define, track, and act on these metrics. • Marketing is expected to provide return on investment. Marketers must run their departments like a business, fully managing the marketing profit and loss statement from revenue and margin to hours and materials. • Marketing mix is more complex. Integrated campaigns launch in multiple stages, through multiple channels, coordinated worldwide. Today’s marketing managers run from dozens to thousands of campaigns with all the associated tasks, budgets, and headcount. WHAT WE HEARD—NEW COMPETENCIES NEEDED TO GAIN CREDIBILITY “Marketing doesn’t tend to get the kind of respect that, say, manufacturing does, because we’re not perceived as an organization that is able to express what we do in financial terms.” “If you can’t show people how you are measuring that process, how you are applying lean Six Sigma principles to that process, how you are continuously improving that process, how you are taking costs out of the process— then I don’t think you are going to be viewed as an equal.” These trends require unprecedented levels of budget control and “I think we are our own worst enemy, because I don’t visibility, resource management, asset management, project man- think that marketers in general do a good job of operat- agement, and process management, as well as tracking, reporting and ROI analysis. Unica Corporation | www.unica.com ing a marketing organization that ensures marketing is a measurable process.” 3 their organization or its leadership. It’s no wonder that executives “seed” marketing management with successful managers from other departments who have the basic management abilities they value WHAT WE HEARD—MARKETERS NEED IMMEDIATE INSIGHT INTO BUDGETS and understand. “We do a monthly report to find out where we are. We also To gain credibility and achieve success for both the marketing have quarterly reviews with each of the business units. We department and the ambitious marketer, marketing managers must give them a recap on what we have worked on the previ- have the same basic management skills that other departments ous quarter, how much they have spent, and how much expect managers to master. more they have to spend.” “The budgets are extremely tight, and they keep getting COMPETENCY CHECKLIST: WHAT THEY’RE LOOKING FOR IN MARKETING MANAGERS slashed every month. We are constantly changing what we Marketers must master four critical areas of management practices “It is definitely all budget, budget, budget, budget.” if they hope to lead their marketing organization: “We can also see [in Marketing Operations OnDemand]— do in order to accommodate the shrinking budgets.” because we have budget allocations for each of the • Budgeting and planning projects—how much we anticipate spending and where • Resource management we can’t take it [budget]. For instance, if we know we have • Project management four projects in the works that we can’t cancel, we know • Process optimization we have to spend that money. We can’t take it from there.” Setting annual marketing budgets and objectives Managing multiple levels of budgets Allocating and tracking budgets by individuals, departments, or products Identifying budget trends and opportunities Staying within budget guidelines Tracking committed vs. actual vs. expected spend Reporting costs vs. results Marketing Operations OnDemand Marketing Resource Management lets you speak budget like a CFO. Preparing financial reports in line with company financial policies Overseeing and re-allocating budgets in a cross-functional, multi-workgroup environment Project Management for Marketers Budgeting and Planning for Marketers Budget reviews—determining performance against budget—are the most common management review activity. The marketing plan and budget feed into each other, but the marketing budget should be the one-stop-view for all the costs and revenues of marketing. Essentially, your budget is your constant performance review, and it changes often. What are the budget capabilities that marketing managers must master? From the checklist below, are you currently competent in all of the listed budgeting and planning tasks? Unica Corporation | www.unica.com Project management is one of the most challenging areas for marketing managers. Marketing projects involve many marketers, contractors, stakeholders, executives, vendors, and departments, so marketing project management requires stellar collaboration and communication. And, marketing project management must juggle dozens, hundreds, even thousands of projects with hundreds of steps and tasks, performed by all those stakeholders, team members, vendors, reviewers, and approvers. What are the project management capabilities that marketing managers must master? From the checklist below, are you currently competent in all of the listed project management tasks? 4 Accurately estimating and scoping a project Developing a project plan and timeline of action items needed to complete a project Setting realistic schedules Staying on top of schedules, workloads, and “people problems” Sharing and tracking key project milestones Creating a communications plan for all participants on a project Managing internal stakeholder and external participants on a project Identifying and controlling budget variances Reporting on cross-project costs, status, and results on a quarterly and year-overyear basis WHAT WE HEARD—AUTOMATION A MUST FOR MANAGING MORE PEOPLE, MORE PROJECTS “I had seventeen direct reports in my last job. The group Marketing Operations OnDemand lets you project manage like a pro, but still have time to create. What are the resource management capabilities that marketing grew from one part-time person to seventeen direct managers must master? From the checklist below, are you currently reports managing 500 projects per year. Here [at my competent in all of the listed resource management tasks? current job] in marketing communications, there are twice (Note: Many companies are not ready to take on comprehensive as many projects going on.” time tracking, so the items below have been split into two levels.) “We were using some very antiquated project management through Microsoft—you know, GANTT charts through Microsoft Project, paper passing, that kind of thing—and it would take you the better part of a day to schedule 150 Intermediate Practices: • Tracking how many projects are under way, on the horizon, or completed tasks for promotions.” • Reporting on each person or department “You have folks who use [Marketing Operations OnDe- • Rolling the above data into an executive summary mand] to manage almost every aspect of their work life here, and those are the ones who get the job done, those are the ones who don’t drop any balls. “ “In the downturn, there is an urgency to hurry up and make the money to cover what we need to cover. This puts everything on your plate at the same time. Without a doubt, the MRM software is the only way to be successful in this climate. I can’t imagine, I really, really cannot imagine how people can do their jobs without it.” • Calculating the marketing ROI of a campaign • Determining your staffing needs or justifying headcount Advanced Practices: • Tracking all people and time expended for each campaign or project • Tracking estimated time vs. actual time • Accounting for the value and contribution of team members • Identifying high performers Resource Management for Marketers Process Optimization for Marketers: Marketing is people-intensive. Much of your cost is in people. It’s Marketing processes have unique usage requirements. Two key critical to know who works on what and for how long. People and processes in marketing are creative review and mark up. Creative their effort need to be organized by project, job number, campaign, review and markup require visual collaboration and the ability to person, category, and subcategory. If you can track this information, track all comments and corrections from many reviewers. you now have the ability to plan accurately, stay in budget, analyze costs, and determine ROI. Unica Corporation | www.unica.com 5 WHAT WE HEARD—RESOURCE MANAGEMENT AS IMPORTANT AS BUDGET MANAGEMENT “Resource management is another big area, because we are trying to do so much more with less. I can see at a glance [in Marketing Operations OnDemand] who is working on what. So if one area has only five projects going on, and another area has ten projects, I can move around resources so that people help out the area that is overloaded. That is a big part of the job as well—not just budget management, but resource management.” “You just can’t operate marketing as sort of the drive-up window, where people drive up and place their order for their brochure, and you just ask them if they’d like fries with that. It just doesn’t work that way.” “With resource management, we can also track rush requests and the culprits of those expenses as well as telling product and brand managers what we are doing for them.” Marketing Operations OnDemand automates key marketing processes, such as markup and review. “What it boils down to, first and foremost, is that marketing has to be thought of, articulated as, and perceived by others as a processdriven discipline, which is why I have an affinity for MRM as an Another challenging aspect of the marketing process is that outputs enabling technology.” are created and modified at almost every step. Marketing works “I couldn’t operate the process that we operate today without the with an extensive variety of files that must be stored and versioned, MRM tools that we’re using, and I’d like to have more.” especially with so many rounds of reviews and approvals. Managing workflow is critical to efficiency. What are the process optimization capabilities that marketing MASTERING THESE COMPETENCIES: LEFT-BRAIN TOOLS FOR RIGHT-BRAIN THINKERS managers must master? From the checklist below, are you currently Marketers are notoriously “right brain,” and the competencies competent in all of the listed optimization tasks? uncovered here are known as “left-brain” skills. As noted previously, Defining and organizing the steps in marketing processes Documenting the steps in your marketing processes Managing all outputs/documents and versions throughout the process Training and communicating marketing processes most marketers weren’t hired or trained for these capabilities, so how can marketers stay on a career path to leadership and higher earnings? Marketing Curricula Need to Change Marketing curricula at universities and colleges are out of alignment to the field and need to add coursework that prepares marketers Governing and monitoring process execution for marketing management. College students who are in school on Identifying and implementing process improvements a marketing track need to be sure they add accounting courses to Identifying opportunities for and implementing process automation their schedules and explore project management certifications. OVERHEARD: MARKETING MANAGEMENT IS REALLY PROCESS MANAGEMENT “I do like to see evidence on a resume, or the ability in an interview, for someone to articulate basic understanding of process. I typically ask people if they have ever flowcharted anything.” Company training programs also need to align with these trends and help the marketing department develop skills internally. Marketing career paths need to be updated with the capabilities the company is really looking for, and training programs need to be added that prepare the marketer for a management role. “Process discipline has become a requirement, and technology is necessary to enable the process discipline in an effective way.” Unica Corporation | www.unica.com 6 • Marketing Operations OnDemand was built to be intuitive and WHAT WE HEARD—HOW TO GET THE SKILLS YOU NEED “They [the training team] offer a class now called “Finance for Non-financial Managers,” so people can understand what is happening here in the company [financially], and what we are being held accountable for.” “I would recommend that every marketer get their Six Sigma green-belt certification if they are in that kind of an organization (process-oriented). Often those classes are offered free of charge, and you can just go and sign up as part of your employee learning plan.” “We believe project management professional training— pmi.org stuff—is crucial for marketers.” easy to use for all levels of marketing professionals. 2) Marketing Operations OnDemand enforces the company-specific practices you desire, having been successfully implemented in a multitude of diverse groups and organizations. For example: • In companies of various sizes (from 10-person work groups to 500 globally). • In departments across every major industry and geography. • Across different types of marketing departments such as marketing communications, in-house agencies, web teams, direct mail teams, events teams, and more. Marketing Operations OnDemand is providing marketers with a vehicle to increase their accountability and productivity - ultimately fast tracking their careers. Marketing Operations OnDemand as the Marketer’s Left Brain So why were marketing managers claiming Marketing Operations OnDemand was helping their careers? Marketing Operations WHAT WE HEARD—MARKETING OPERATIONS ONDEMAND FILLS THE SKILLS GAP FOR MARKETERS OnDemand helped marketing managers—actually, all the marketers “Honestly, we have not used it [MRM specifically] as a on the extended team—gain competence in planning, budgeting, requirement for hiring because the MRM software [Market- people, and process skills. ing Operations OnDemand] is so easy to use—particularly Marketing automation, especially marketing resource management, for new people.” can accelerate the development and mastery of these capabilities. “We needed a [MRM] tool that was global in nature, that Marketing Operations OnDemand provides both builtin best prac- everybody could learn, that was not IT intensive, but I tices and best practice enforcement: don’t think they realized how critical this tool would be- 1) Best practices are designed into Marketing Operations OnDemand. For example: • Plans and budgets are pre-designed for marketing needs, including the ability to manage multi-level budgets and realtime spend. come to their day-to-day functioning.” “Gurus have emerged at each of our locations: people who’ve really taken the system to heart, they know its ins and outs, and can help their colleagues use it even more efficiently.” • Workflow, traffic, and scheduling features are designed to manage marketing projects, no matter how many steps or participants. • Marketing Operations OnDemand project, time tracking, and scheduling are designed to track the people and project-work aspect of marketing, and it’s designed to track time through the course of work—no “time cards.” Many customers feel time tracking is too much to take on, so you can also get a simple view of “who is doing what” at a macro level (without the overhead of hour-by-hour tracking). • Marketing Operations OnDemand has marketing processes built in, including creative markup, review, approvals, and asset management. Special features such as visual collaboration and automatic notifications give marketing managers immediate process optimization. Unica Corporation | www.unica.com GETTING STARTED WITH MRM Unica offers two software solutions that can help marketers master the concepts outlined in this white paper. • This paper uses Marketing Operations OnDemand for most of the examples. Marketing Operations OnDemand is an ondemand SaaS product that has been used by companies with smaller marketing departments or work groups, as well as by global organizations with hundreds of marketers. • Unica also offers very robust solutions for companies that have more sophisticated needs via its Unica® Plan software and related solutions. 7 ABOUT THE AUTHORS Tonya McKinney is a seasoned and accomplished marketing executive and consultant with deep expertise in sales management, entrepreneurial ventures, CRM, and the software industry. You can read more about Tonya or connect with her at http://www.linkedin. com/in/tonyamckinney. Adam Bloom has spent his career managing internet marketing, CRM, and marketing operations programs, and is responsible for on-demand product marketing and strategy at Unica. You can read more about Adam or connect with him at http://www.linkedin.com/ in/adambloom. About Unica Unica Corporation (NASDAQ: UNCA) is the recognized leader in marketing software solutions. Unica’s advanced set of enterprise marketing management and on-demand marketing solutions empowers organizations and individuals to turn their passion for marketing into valuable customer relationships and more profitable, timely, and measurable business outcomes. These solutions integrate and streamline all aspects of online and offline marketing. Unica’s unique interactive marketing approach incorporates customer analytics and web analytics, centralized decisioning, crosschannel execution, and integrated marketing operations. More than 1,000 organizations worldwide depend on Unica for their marketing management solutions. Unica is headquartered in Waltham, Massachusetts with offices around the globe. For more information, visit www.unica.com. Unica is a registered trademark of Unica Corporation with the U.S. Patent and Trademark Office. The Unica logo and MARKETING SUCCESS STARTS WITH U are trademarks of Unica Corporation. All other trademarks are the property of their respective owners. WP-MCMCB-1009-PDF © Unica Corporation, 2009. All rights reserved. Unica Corporation | www.unica.com Unica Corporation Worldwide Headquarters Reservoir Place North 170 Tracer Lane Waltham, MA 02451 USA T +1.781.839.8000 F +1.781.890.0012 E [email protected] www.unica.com 8