My final top-10 expectation for 2007 – continuous marketing reinvention – wraps the previous nine with a big red bow. Continuous marketing reinvention is the theme that’s driving all components of the marketing process towards greater efficiency, consumer-relevance and, most importantly, business performance.
I believe it must become the mantra of marketing executives and the cornerstone philosophy for a new kind of strategic platform that totally reinvents:
• The way brands are built
• The methods for integrating all marketing disciplines
• The approach to marketing accountability
• The structure of the marketing organization
In reinventing the discipline of marketing, senior marketing executives will need to address all nine transformations about which I have previously blogged. They must:
• Realize that the consumer is in control – and act on this new fact
• Create a new agenda for agencies
• Connect the CMO with the CEO’s agenda
• Include unconventional outreach in all marketing programs
• Transform media buying and selling
• Find common ground with government policymakers and consumer advocacy groups
• Renew the traditional research function as the foundation of marketing accountability
• Modify business systems and back office operations
By embracing these changes, marketers will ultimately create a more innovative, flexible, powerful and accountable marketing organization.