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10 areas driving the marketing function forward
The evolution of data adoption and usage will continue to drive the marketing sector forward. The proper utilisation and analysis of this information allow businesses to create more specific and better targeted marketing campaigns. Professionals with a talent for turning vast swathes of data into meaningful and actionable insights will be in huge demand this year.
These top 10 areas are expected to drive businesses forwarded in the near future.
1. Creating data driven customer insights
Comprehensive, data-driven customer insights are crucial to any strategy. Experts that are not only able to translate, manipulate, and understand customer insights but are also able to use this to help create a strong commercial strategy, are key.
2. Calculating ROI
Achieving a sustainable ROI is the heartbeat of any business. With marketing driving forward business growth and strategy, the ROI for all marketing activity is now more important than it ever has been. Budgets are being scrutinised and organisations are expecting more from marketing activity. It is vital that tools are in place to ensure that key metrics are identified, tracked, and reported on. Professionals that have a firm understanding of which metrics need to be highlighted, how to measure them, and which tools can help the team to do so, can add real value to any marketing department.
3. Communicating ROI
Amplifying your success stories and keeping staff informed helps fuel positive morale. Companies of all sizes are now tracking ROI to ensure that marketing activities and budgets are maximised. The ability to communicate successes and key learnings is therefore highly valued. With more senior marketing professionals sitting on the board and attending key business meetings, the delivery of ROI communications is essential to ensure marketing has a strategic voice in the business.
4. Bid management
For many businesses, bid management provides the opportunity to get the first foot in the door to an organisation. Upon winning a contract, this provides the springboard for communication and relationship building, along with the chance to cross/upsell and develop long-term partnerships. The bid process is also becoming more creative, with companies choosing to use personalised touches to stand out from the crowd and make the document a more engaging read.
5. Internal communications
Due to the current political and economic climate, businesses are faced with a market of uncertainty in regards to what the next couple of years will bring. As a result, we’re seeing an increasing demand for strong internal communications and change communications professionals. We are especially finding this on the interim side of the market as there is an increasing need for strong change comms contractors for specific projects, and to roll out new programmes. Internal and change communications professionals drive organisational strategy and share key messages with the wider business to ensure top talent is motivated, engaged, and focused on the prize.
6. Brand management
Brand managers are responsible for 360-degree management of a brand/portfolio of brands, focussing on the five pillars of brand management, which is key in a market of constant change and increasing competition. These professionals drive the pace at which a brand moves and the speed at which they react to consumer demands. This will ultimately influence the brand's performance and determine its success. As the remit of a brand manager extends across a wider variety of specialist marketing functions, including ATL/BTL campaigns, social media, and new product/brand development, this skill set is key.
Throughout 2018, there was a real focus, for the more regulated industries in particular, on PR campaigns. This could be partly as businesses are being forced to move away from traditional direct marketing methods and need to become more creative. However, strong, cost-effective PR campaigns allow business to reach a new and more passive audience. They are also important in getting a company’s brand ‘out there’. Ultimately, it is the relationship-building skills of a great PR professional that enables a brand to build stronger engagement with journalists, influencers and consumers.
Concise, engaging, and focused content has long been a key focus for many organisations. In line with this, throughout 2018 we saw a number of businesses hiring project teams of copywriters, typically with the aim to refresh their content. This has been seen across multiple platforms, including website and offline collateral. In the midst of the digital transformation of traditional marketing, being able to create compelling copy for a range of audiences with varied tones of voice and word counts has become all the more important.
9. Category analysis
With discounters dominating the retail market space, analysing shopper trends and streamlining category management is more important than ever. Retailers need to maximise the use of category data to ensure that they are competitive in this ever-changing digital e-commerce landscape, where consumers are far more value driven. Competition is high and continues to grow, meaning that the diligent management of the category for manufacturers is highly critical.
10. Stakeholder relation management
Effective stakeholder relationship management helps to facilitate complete alignment within an organisation. For example, as more companies adopt a flexible working model, regular and effective communication around what this means in practice is key. Put simply, good stakeholder management facilitates success.
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For a confidential discussion on how we can help you get the best talent with the right skills, get in touch with one of our specialist recruitment consultants today.