So a year ago we were writing about a 'pivot back to brand', as we saw growing numbers of marketers applying the lessons of Les Binet and Peter Field. So check out this somewhat depressing chart from our Marketer's Toolkit 2021 survey - looks like the trend is in reverse post-COVID. There's much more on this in the Drivers of Change data report, part of the Marketer's Toolkit package at https://lnkd.in/gxj_Uss.
This is what happens when marketers are data-driven and don’t bother to figure out what the numbers really mean.
Depressing indeed but for context I have discussed this with at least one CMO who to paraphrase said "I know balance is right but if we don't focus on the short term now there won't be a business for the long term".
It will bite them as from all the data i see, a brand's alignment with consumers principles, is a top driver for choice.
And to think SOV has never been cheaper.
How much juice can you squeeze from the lemons before you remember you actually need to plant new trees too? 🍋
We've been noting this in our trend tracking. Performance is more important than ever. Marketing budgets are being trimmed and/or more closely scrutinized. Good for us that are able to provide all killer and no filler! 😁
Interesting. Thanks for sharing David Tiltman . As ever, there could be an attitude-behaviour gap. As Peter Field says, it would be worthwhile surveying the same people next year asking them to reflect on what they actually did in 2021.
I’ll grow your business while you build your product 🤝 | Founder @ Vertigo Growth
3yPhil Denington