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The Last Word
Marketing 20/20. Are you Ready for It?
by Jo Ann Herold, president of AMA Atlanta
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AMA Atlanta | The Atlanta Chapter of the American Marketing
Association recently convened its Executive
Advisory Board to discuss the changes marketers
can expect by 2020. The members include senior
level marketing executives from 21 companies
such as Arby’s Restaurant Group, AirTran Airways,
Coca-Cola, Cox, 22 Squared, Kodak, Engauge,
Venadar and many others.
Elizabeth Ward of Thought Partners was
commissioned to write the white paper, which
subsequently was published in several blogs and
featured in the bimonthly marketing column that
Robinson’s Ken Bernhardt writes for the Atlanta
Business Chronicle.
Three themes ran throughout the discussion:
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There are no more secrets - for anyone. We
are in an era of two-way transparency. Marketers
know more than ever about consumers -
more detailed and more personal information.
Some is gained through data capture and some
volunteered or made public by the consumer
through social media. Consumers are doing
their own research, too, and looking “behind the
curtain” of what brands publicly share. Consumer
desire to “know the 411” goes beyond the product
- they want to choose the company they do
business with, and they’re savvy enough to notice
differences between the talk and the walk.
Demand for personalization and customization is
growing exponentially. For consumers, it’s about
a more relevant and therefore more optimized
experience. In the expectation of receiving a
more personalized experience, consumers are
willing to share a huge amount of information. But
marketers are just starting to figure out how to
use that information to deliver truly customized
experiences.
The dramatic changes in how marketers connect with consumers are causing marketing organizations to rethink in systemic ways how they practice their craft. For clients and
agencies, organizational structures, ways of working and the skill sets in demand will look dramatically different in the next decade.
Organizational structure is one of the areas where the transformation is underway. Specifically:
- There is a new model. Companies are looking for more than new products to
ensure their futures - they’re looking for new systems and new ways of doing
business.
- Startups are becoming corporate role models because they are set up to
handle rapid change, morphing job descriptions, operating free of the shackles
and blinders of “how we did it last year,” and being at home on the steep part
of the learning curve.
The structure and roles of marketing departments must evolve, as lines become
more blurred between areas of accountability and more seats need to be pulled
up to the main brand management table. As one attendee put it, “everyone is in
marketing now.”
To read the Marketing 20/20 White Paper, click here »
Jo Ann Herold is vice president of brand marketing at Arby’s and president of AMA Atlanta. She formerly was vice president of marketing and chief marketing officer
of HoneyBaked Ham and worked as a regional marketing manager for Shoney’s and Captain D’s for five years. She also has been head of marketing for the Jackson,
MS Zoo and has owned her own marketing firm. She is a member of the 2012 Leadership Atlanta Class.
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Copyright © 2011 J. Mack Robinson College of Business/Georgia State University
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