With digital marketing, social media, mobile advertising and marketing budgets growing at a compound rate of more than 20% annually, what steps are you taking as a CMO to build and develop your personal brand in an increasingly digital, social, and mobile marketing world?
Are you a Digitally & Socially Proficient or Deficient CMO?
We are seeing that a surprisingly high percentage of CMOs are not compatible with the fast-arriving digital-marketing and social/mobile world, and this may explain the short average tenure of CMOs (i.e., less than 2 years) that makes this the highest-risk C-level position.
In many instances, some CMOs lack the professional experience to integrate the digital channel and new media with traditional off-line media and marketing strategies. They often don’t have the digital/social marketing, direct marketing/CRM, and analytic/segmentation skills to lead integrated media and marketing programs, where digital/social/mobile marketing and media strategies are increasingly leading branding, broadcast and print media, direct, promotion, and PR.
So what does this mean for you as a CMO as you look ahead to the future and go from a mass marketer to a one-to-one marketer?
Here are the top five best practices we think you need to do now!
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