SlideShare une entreprise Scribd logo
1  sur  60
Highlights and Insights
                    February 2013




www.cmosurvey.org                   © Christine Moorman
About The CMO Survey

         Mission
             - The CMO Survey collects and disseminates the opinions of top marketers in order to predict
               the future of markets, track marketing excellence, and improve the value of marketing in
               firms and society.

         Survey Operation
             - Founded in August 2008, The CMO Survey is administered twice a year via an Internet
               survey. Questions repeat to observe trends. Special topics are introduced for some surveys.
             - The February 2013 survey was the ninth administration of The CMO Survey.

         Sponsoring Organizations

         Founder and Director
             - Professor Christine Moorman, T. Austin Finch, Sr. Professor of Business Administration,
               Fuqua School of Business, Duke University

© Christine Moorman                                                                                      2
Survey Methodology

         Survey Sample
             - 4963 top U.S. marketers at Fortune 1000, Forbes Top 200, and Top Marketers who are
               AMA Members or Duke University Alumni and Friends
             - 468 responded for a 9.4% response rate

         Survey Administration
             - Email contact with three follow-up reminders
             - Survey in field from January 22 - February 8, 2013
             - 95% of respondents VP-level or above

         Results Interpretation
             - M = sample mean; SD = sample standard deviation
             - B2B = Business-to-Business firms; B2C = Business-to-Consumer firms


© Christine Moorman                                                                                 3
Overview of Results
      Topic 1: Marketplace Dynamics                   5-10

      Topic 2: Firm Growth Strategies                 11-17

      Topic 3: Marketing Spending                     18-28

      Topic 4: Financial and Marketing Performance    29-34

      Topic 5: Marketing and Social Media             35-39

      Topic 6: Marketing Jobs                         40-42

      Topic 7: Marketing Organization                 43-46

      Topic 8: Marketing Leadership                   47-51

      Topic 9: Marketing Analytics                    52-57

      The CMO Survey Award for Marketing Excellence   58-59

      Preview of Next Survey                           60

© Christine Moorman                                           4
Topic 1:
Marketplace Dynamics




                       55
Marketer optimism for U.S. economy shows
cautious rise; business sectors vary
Marketplace       Growth               Spending       Performance Social Media   Jobs      Organization Leadership     Analytics


 Figure 1.1. How optimistic are you about the overall U.S.                 Figure 1.2. Optimism for U.S. economy by sector
 economy on a 0-100 scale with 0 being the least optimistic
 and 100 the most optimistic?
                                                                                            February    August
                                                                                                                     Change
                      Marketer Optimism about Overall Economy                                 2013       2012
      100


       90                                                                    B2B Product     55.4%       61.8%       +6.4%


       80
                                                                             B2B Service     62.3%       62.5%       +0.2%
       70
                                63.4                        62.7
                                              58.4
       60                                                                    B2C Product     60.8%       62.2%       +1.4%
                52.2

       50

                                                                             B2C Service     51.9%       60.3%       +8.4%
       40
               August         February       August       February
                2011            2012          2012          2013



© Christine Moorman                                                                                                           6
Economic uncertainty is resolved:
Optimists almost double from 29% to 56.4% of sample
Marketplace       Growth         Spending   Performance Social Media                Jobs         Organization Leadership   Analytics


                  Figure 1.3. Are you more or less optimistic about the overall U.S. economy compared to last quarter?

                                              Less Optimistic           No Change    More Optimistic
                                   60%
                                                                                                           56.4%

                                   50%



                                   40%
                                                                35.8%
                                                     35.2%
                      Percentage of 30%
                      Respondents
                                                       29.0%
                                                                                                           26.1%
                                   20%

                                                                                                       17.5%
                                   10%



                                    0%
                                                      August 2012                               February 2013




© Christine Moorman                                                                                                               7
Marketer optimism for own companies
  exceeds expectations for overall economy
Marketplace         Growth          Spending      Performance Social Media            Jobs         Organization Leadership   Analytics



       Figure 1.4. How optimistic are you on a 0-100 scale with 0 being the least optimistic and 100 the most optimistic?

                                         Optimism for Overall Economy   Optimism for Own Company
              100



               90



               80
                                                        72.8                                           72.4
                                                                            69.6
               70            67.8



               60                                       63.4                                           62.7
                                                                            58.4

               50            52.2


               40
                         August 2011               February 2012        August 2012                February 2013



© Christine Moorman                                                                                                                 8
Customer metrics forecast positive:
   Marketers expect increases in purchase volume, purchase of related
   offerings, customer acquisition, and price paid

Marketplace       Growth                Spending          Performance Social Media                    Jobs   Organization Leadership                 Analytics


       Figure 1.5. Forecasted customer outcomes in next 12 months

                 80



                 70                                                                         67.7
                                                                                                                 Increased customer purchase volume
                                                   64.0
                                                                                            59.7
                 60                                 62.1               56.1                                      Increased customer price per unit
                             56.2
                                                   52.8                                     59.1
                                                                                                                 Customer will buy more related products and
        % of              51.6                                        52.9
                 50                                                                                              services from my firm
     Respondents                                                      45.4
                                                   49.8                                     43.8                 Increased ability to retain current customers
                          41.4                                                                     42.3
                 40                                                    43.0
                                                                                                                 Increased entry of new customers into the
                             38.7                                                                                market
                                                   37.4
                                                                                                                 Increased ability to acquire new customers
                 30              32.5                                                       32.8
                                                                       30.4


                 20
                           August 2011        February 2012        August 2012          February 2013


                      *Increased ability to acquire new customers was added Feb-2013.

© Christine Moorman                                                                                                                                              9
Customer priorities expected to shift away
  from low-price focus
Marketplace       Growth     Spending          Performance Social Media       Jobs           Organization Leadership         Analytics



        Figure 1.6. Customers’ top priority in next 12 months

                      30%

                                                                             25.8%
                                           24.7%
                      25%

                                       23.2%

                      20%                                                 18.7%
                                                                                     18.9%
                                       18.8%
           % of                                                                                                 Low Price
                                                                             18.2%
        Respondents   15%                17.3%                                                                  Quality
                                                                                                                Innovation
                                                                             10.5%                              Service
                                           9.4%
                      10%                                                                                       Trust
                                                                                                                Brand
                                                                              8.4%
                       5%                  6.8%



                       0%
                                        August 2012                       February 2013




© Christine Moorman                                                                                                                10
Topic 2:
Firm Growth Strategies




                         11
                          11
Growth strategies to take on more risk
 next year: Diversification up 28%
Marketplace         Growth      Spending       Performance Social Media           Jobs      Organization Leadership       Analytics



                Types of Growth Strategies                   Table 2.1. How growth spending is expected to change*
                          Existing           New                                           Actual        Expected
                         Products/         Products/                                                                   Percent
                                                                                         Spending in    Spending in
                         Services          Services                  Strategy                                          Change
                                                                                           Past 12        Next 12
                                                                                                                      Expected
                                                                                           Months         Months
                          Market      Product/Service
         Existing                                                     Market
                        Penetration    Development
         Markets                                                    Penetration            54.9%          47.8%       -12.9%
                         Strategy        Strategy
                                                                     Strategy
                                                                      Market
                                                                   Development             15.1%          17.2%       +13.9%
                           Market                                    Strategy
           New                        Diversification
          Markets       Development
                                         Strategy
                          Strategy                                Product/Service
                                                                   Development             20.8%          23.2%       +11.5%
                                                                     Strategy

                                                                  Diversification
                                                                                            9.2%          11.8%       +28.3%
                                                                     Strategy

                                                             * % of spending across growth strategies




© Christine Moorman                                                                                                              12
Growth strategies vary by sector:
   Service sector expects biggest shifts
Marketplace         Growth    Spending       Performance Social Media   Jobs    Organization Leadership     Analytics


    Table 2.2. Expected changes in sector growth spending                Notable shifts
               in next 12 months relative to prior year

                                                                          • B2B-Service companies expected to
                               B2B        B2B        B2C      B2C
                             Product     Service   Product   Service
                                                                            diversify the most (54.8%)

                                                                          • B2C-Service companies expected to
       Market Penetration                                                   increase market development (+88%)
                             -10.4%      -15.4%    -13.8%    -13.1%         and decrease product/service
           Strategy
                                                                            development (-9.5%)
             Market
                             +4.2%       +10.6%    +11.0%    +88.3%
      Development Strategy


        Product/Service
                             +7.2%       +9.2%     +16.7%    -9.5%
      Development Strategy


          Diversification
                             +24.3%      +54.8%    +29.1%    +8.0%
             Strategy




© Christine Moorman                                                                                               13
Companies to increase organic growth
  strategies in next year
Marketplace       Growth          Spending           Performance Social Media        Jobs        Organization Leadership       Analytics



      Table 2.3. How firms will grow in the next 12 months*            Table 2.4. Sector use of growth strategies*

                                                           %                                  B2B      B2B-      B2C-      B2C-
           Strategy           Aug-12        Feb-13                        Strategy
                                                         Change                             Product   Service   Product   Service
            Organic                                                        Organic
            Growth            68.9%         73.5%        +6.7%                              70.4%     72.3%     73.5%     72.6%
                                                                           Growth
          Growth via                                                     Growth via
         Acquisitions         12.2%          8.5%        -30.3%                             10.0%      7.3%      6.8%     12.4%
                                                                         Acquisition
         Growth from                                                    Growth from
         Partnerships         12.9%         12.3%        -4.6%                              12.5%     14.9%     13.8%     10.1%
                                                                        Partnerships
         Growth from                                                     Growth from
          Licensing            6.1%          5.6%        -8.1%                               7.0%      5.6%      5.9%      4.9%
                                                                          Licensing

     * Percentage of spending across growth strategies




© Christine Moorman                                                                                                                  14
Canada, Western Europe, and China are the
  focus of U.S. marketers
Marketplace       Growth      Spending     Performance Social Media             Jobs       Organization Leadership     Analytics

                                                                                                     Australia
                                                                                       Other South
                                                                Southeast Asia                         2%
                                                                                        America
                                                                     3%                    2%
                                                    Eastern Europe       Korea
                                                          2%              2%
                                                              Russia
   Figure 2.1.    Highest international revenue                3%
                  growth markets (% respondents)        India
                                                         3%
                                                      Japan
                                                                                                          Canada
                                                       4%
                                                                                                           25%




                                                           Middle East
                                                               5%

                                                                Brazil
                                                                 6%
                                                                                                      Western Europe
                                                                                                           22%
                                                                       Mexico
                                                                        6%

                                                                                        China
                                                                                         15%




© Christine Moorman                                                                                                          15
Growth of international markets slows:
 Highest sales increases in Mexico and Eastern Europe
Marketplace    Growth        Spending    Performance Social Media        Jobs        Organization Leadership   Analytics



 Figure 2.2. Average change in growth of international markets   Table 2.5. Sales increase in the last 12 months by market

                                                                                                           Feb-13
       25%
                                                                                  Mexico                   41.2%
                                                                              Eastern Europe               40.0%
                     19.7%                                                      Middle East                28.2%
       20%
                                                                                   Brazil                  27.1%
                                            15.6%
                                                                                  Russia                   22.4%
       15%
                                                                              Southeast Asia               22.0%
                                                                                 Australia                 21.0%
       10%                                                                        Japan                    21.7%
                                                                                   India                   19.2%

        5%                                                                         China                   18.4%
                                                                             Western Europe                16.4%
                                                                                  Canada                   14.2%
        0%
                                                                         South America (not Brazil)        14.0%
                  February 2012         February 2013
                                                                                   Korea                   4.5%
Overall company sales from international
  markets stagnates
Marketplace        Growth         Spending       Performance Social Media       Jobs      Organization Leadership   Analytics



           Figure 2.3.    Percentage of company sales expected to be international in next 12 months

             35%
                                                                        32.4%
             30%

             25%
                                                      24.7%
             20%
                      18.7%            19.3%                                    19.6%          19.5%
             15%

             10%

              5%

              0%
                         August       February        August     February        August       February
                          2010          2011           2011       2012            2012         2013


© Christine Moorman                                                                                                       17
Topic 3:
Marketing Spending




                     18
                      18
Growth in marketing budgets flattens
Marketplace       Growth               Spending      Performance Social Media               Jobs          Organization Leadership   Analytics



  Figure 3.1. Percent change in marketing budgets in next 12 months

                      13%


                      11%
                                                               9.2%                9.1%
                      9%
                                                                                                   8.1%
                                                                         6.7%
                      7%
                                                                                                                         6.1%
                                                   5.9%
                                                                                                              6.4%
                      5%


                      3%

                                         1.1%
                      1%     0.5%


                      -1%
                            February      August    February   August   February   August      February      August   February
                              2009         2009       2010      2010      2011      2011         2012         2012      2013




© Christine Moorman                                                                                                                       19
Marketing spending up in all sectors except
  B2B-Product sector
Marketplace       Growth          Spending   Performance Social Media      Jobs         Organization Leadership    Analytics



      Figure 3.2. Sector differences in marketing budgets
        14%
                               13.2%

        12%



        10%
                                                                            9.2%
                                                                                                     B2B Product
                                                   8.6%
                                                                                                     B2B Service
         8%
                                                                                                     B2C Product
                                                    6.8%                      7.1%
                                                                                                     B2C Service
                                                                             6.7%
         6%                                             6.2%
                           6.2%
                                                 5.7%
                       4.6%
         4%
                                                                            4.2%

                              3.3%
         2%



         0%
                      February 2012             August 2012             February 2013


© Christine Moorman                                                                                                      20
Marketing spending on traditional advertising
  continues to plummet
Marketplace        Growth             Spending          Performance Social Media     Jobs   Organization Leadership   Analytics


        Figure 3.3. Percent change in traditional advertising* spend in next 12 months


            3%


            2%
                              1.3%

            1%


            0%
                                                             -0.8%
           -1%
                                                                             -1.9%
           -2%
                                                                                               -2.7%

           -3%
                             August                         February        August            February
                              2011                           2012            2012              2013


          *Refers to media advertising not using the web.


© Christine Moorman                                                                                                         21
All other marketing spend categories positive,
  but slower growth expected
Marketplace         Growth            Spending             Performance Social Media   Jobs       Organization Leadership   Analytics


        Table 3.1. Percent change in marketing spending in next 12 months

                                                                       Aug-12            Feb-13

                      Overall marketing spend                           6.4%                 6.1%

               Traditional advertising* spending                        -1.9%                -2.7%

                   Digital marketing spending                          11.5%                 10.2%

                   New product introductions                            9.4%                 8.0%

                   New service introductions                            6.4%                 5.8%

             Customer relationship management                           9.0%                 8.1%

                           Brand building                               7.5%                 6.8%

         *Refers to media advertising not using the web.




© Christine Moorman                                                                                                              22
Company differences in digital vs.
  traditional advertising spend
Marketplace         Growth            Spending            Performance Social Media   Jobs     Organization Leadership    Analytics



      Table 3.2. Change in digital and traditional advertising spending in next 12 months by sector

                                                             B2B           B2B                B2C               B2C
                                                           Product       Services           Product           Services

             Digital marketing spend                        8.2%          10.5%             14.6%              10.4%
         Traditional advertising* spend                     -4.1%          -2.2%             -0.6%              -5.4%

        *Refers to media advertising not using the web.




© Christine Moorman                                                                                                            23
Investments in marketing consulting up;
  all other knowledge investments drop
Marketplace        Growth          Spending         Performance Social Media                 Jobs         Organization Leadership         Analytics


    Table 3.3. Changes in firm spending on marketing knowledge in next 12 months


                                                                             Aug-12                  Feb-13                % Change

                         Marketing research
                          and intelligence
                                                                              8.2%                    4.5%                   -45.1%

                        Marketing consulting
                              services
                                                                              3.3%                    4.5%                   +36.4%

                   Developing knowledge about
                      how to do marketing*
                                                                              5.8%                    4.3%                   -25.9%

                        Integrating what we
                       know about marketing
                                                                              8.2%                    5.4%                   -34.1%

                               Marketing
                               Training*
                                                                              7.2%                    3.8%                   -47.2%

      *Developing knowledge about how to do marketing refers to the development of new marketing capabilities, while marketing training
      involves transferring existing marketing knowledge to employees




© Christine Moorman                                                                                                                             24
Marketing budgets as percent of firm
   budgets remain above 10%
Marketplace       Growth           Spending           Performance Social Media      Jobs   Organization Leadership      Analytics


            Figure 3.4. Marketing budget as a percent of firm budget*



               16%

               14%
                                                                                            11.4%
               12%                                                        10.4%                               10.6%
                                                          10.0%
               10%
                                8.1%
                8%

                6%

                4%

                2%

                0%
                              February                    August         February          August            February
                                2011                       2011           2012              2012              2013

                 *Question asked in Feb-11 for the first time.


© Christine Moorman                                                                                                           25
Size of marketing budgets varies:
   B2B companies, large companies, and companies with weak internet
   sales show biggest growth
Marketplace       Growth     Spending         Performance Social Media          Jobs       Organization Leadership      Analytics

      Table 3.4a. Marketing percentage of firm budget by economic sector
                                 B2B              B2B              B2C            B2C
                               Product          Services         Product        Services
            February 2012        8.7%             8.2%            16.1%          16.8%
            February 2013       10.6%            10.1%            16.3%          10.9%



       Table 3.4b. Marketing percentage of firm budget by company sales revenue
                                 <$25             $26-99          $100-499      $500-999        $1-9.9         >$10
                                Million           Million          Million       Million        Billion       Billion
            February 2012       10.7%             12.3%            13.5%          4.7%           6.7%          8.8%
            February 2013       12.6%              8.8%             10%           7.8%           9.4%         11.5%




      Table 3.4c. Marketing percentage of firm budget by company internet sales
                                   0%             1-10%             >10%
                             Internet Sales   Internet Sales   Internet Sales
            February 2012        8.4%             9.5%            18.0%
            February 2013       10.3%             8.1%            14.4%



© Christine Moorman                                                                                                           26
Marketing spending as a percentage
   of firm revenues drops
Marketplace        Growth           Spending           Performance Social Media    Jobs   Organization Leadership   Analytics


      Figure 3.5. Marketing spending as a percentage of firm revenues*


           12%
                                                                       11.0%


           10%
                                     8.5%
                                                                                                   7.9%
            8%



            6%



            4%



            2%



            0%
                                February 2012                        August 2012               February 2013


                 *Question asked in Feb-12 for the first time.

© Christine Moorman                                                                                                       27
Marketing spending as a percentage
   of firm revenues by firm and industry
Marketplace       Growth     Spending        Performance Social Media           Jobs     Organization Leadership     Analytics

     Table 3.5a. Marketing spending as a percentage of firm revenues by economic sector
                                B2B             B2B               B2C           B2C
                              Product         Services          Product       Services
          February 2012         7.3%             4.8%            13.8%         16.6%
           August 2012         11.4%            11.9%             9.8%         16.1%
          February 2013         8.8%             7.7%             9.4%          9.2%


     Table 3.5b. Marketing spending as a percentage of firm revenues by company sales revenue
                               <$25              $26-99         $100-499      $500-999      $1-9.9          >$10
                               Million           Million         Million       Million      Billion        Billion
          February 2012        11.8%              9.0%            14.7%        1.7%          2.8%          5.2%
           August 2012         17.8%             10.7%            10.6%        9.4%          6.1%          13.1%
          February 2013        11.1%              6.0%             8.6%        3.5%          5.5%          6.0%


     Table 3.5c. Marketing spending as a percentage of firm revenues by company internet sales
                                 0%             1-10%             >10%
                           Internet Sales   Internet Sales   Internet Sales
          February 2012        6.3%             9.0%            14.4%
           August 2012         11.0%            9.3%            18.3%
          February 2013        6.8%             5.7%            13.0%


© Christine Moorman                                                                                                        28
Topic 4:
Financial and Marketing
Performance




                          29
                           29
Company performance on financial
  metrics holds
Marketplace       Growth           Spending          Performance Social Media        Jobs       Organization Leadership            Analytics


           Figure 4.1. Percent change in firm performance in prior 12 months
               5.0%                                                    4.8%

               4.5%
                                                                                                4.20%
                                         4.0%                                      4.0%
                                                                      3.9%
               4.0%                                       3.8%


               3.5%                                                                  3.3%
                                                              3.4%     3.5%                          3.3%
                                              3.4%
               3.0%
                                                                                                 3.3%              Firm sales
                                                                                   3.2%
                                                          3.0%                                                     Firm profits

               2.5%                      2.7%                                                                      Marketing ROI
                          2.2%

               2.0%    2.2%
                                 1.8%
               1.5%


               1.0%
              August          February   2010
                                            August       2010
                                                           February   2011August   2012
                                                                                     February   2012        2013




© Christine Moorman                                                                                                                      30
Key customer and brand assets follow suit
Marketplace        Growth       Spending      Performance Social Media                Jobs   Organization Leadership    Analytics



    Figure 4.2. Percent change in company performance on customer and brand metrics in prior 12 months


                                      Customer acquisition            Customer retention     Brand value
            5.0%

            4.5%
                                                                                  3.8%
            4.0%
                                                             3.2%                 4.1%
            3.5%                                                                                  3.3%        3.3%
                       3.2%
                                           2.6%                                                 3.4%
            3.0%                                              3.5%
                                                                                                              3.2%

            2.5%                           2.9%
                       2.6%
            2.0%                                                                  2.2%
                                                                                                2.0%
                                                                                                              1.9%
            1.5%                                              1.7%
                                           1.6%
                       1.4%
            1.0%
                       August           August               August             February       August        February
                        2009             2010                 2011               2012           2012          2013




© Christine Moorman                                                                                                           31
Company performance by sector
Marketplace       Growth      Spending       Performance Social Media     Jobs     Organization Leadership     Analytics




           Table 4.1. Sector performance metrics for prior 12 months

                                                          B2B-           B2B-           B2C-           B2C-
                                                         Product        Services       Product        Services

            Firm sales                                    4.8%           3.8%           3.0%            5.4%

            Marketing return on investment                2.9%           3.9%           2.0%            4.2%

            Firm profits                                  2.5%           4.5%           3.4%            4.3%

            Customer acquisition                          2.9%           3.5%           2.7%            3.5%

            Customer retention                            1.6%           1.4%           2.1%            3.4%

            Brand value                                   2.8%           2.9%           3.0%            3.6%




© Christine Moorman                                                                                                  32
Firm performance goals remain strong
Marketplace       Growth      Spending    Performance Social Media     Jobs     Organization Leadership   Analytics


        Table 4.2. Company performance and goals

                                          Actual firm performance      Goal in the        Expected change in
                                            in prior 12 months       next 12 months         next 12 months

         Firm sales                                4.2%                  7.0%                   +66.7%

         Marketing return on investment            3.3%                  5.5%                   +66.7%

         Firm profits                              3.3%                  6.6%                  +100.0%

         Customer acquisition                      3.3%                  5.8%                   +75.8%

         Customer retention                        1.9%                  4.7%                  +147.4%

         Brand value                               3.2%                  5.6%                   +75.0%




© Christine Moorman                                                                                             33
Ratings of marketing excellence flat
Marketplace       Growth     Spending     Performance Social Media          Jobs         Organization Leadership                 Analytics


      Question: How would you rate your company’s marketing            • February 2013 : Mean = 4.5 (SD = 1.4)
      excellence?
                                                                       • August 2012: Mean = 4.4 (SD = 1.4)
   Figure 4.3. Ratings of marketing excellence in companies

     40%
                                                                              34.7%
     35%

     30%

     25%

     20%                                                      18.3%

                                              13.5%                                               14.1%
     15%

     10%                                                                                                                  9.0%
                               8.0%

       5%         2.3%

       0%
               1=Very Weak    2=Weak          3=Fair          4=Good          5=Strong     6=A leader but not one 7=Excellent, one of the
                                                                                                 of the best        best in the world




© Christine Moorman                                                                                                                         34
Topic 5:
Marketing and Social Media




                             35
                              35
                              35
Social media spending growth continues:
  Expected to be 22% of marketing budgets in five years
Marketplace       Growth        Spending   Performance Social Media             Jobs    Organization Leadership   Analytics



               Figure 5.1. Social media spending as a percentage of marketing budgets


                                25%

                                                                                                  21.6%

                                20%




                                15%

               Percentage of                                            11.5%
              Total Marketing
                Budget (%)      10%
                                             8.4%



                                 5%




                                 0%
                                           Current Levels         Over Next 12 Months          In Next 5 Years




© Christine Moorman                                                                                                     36
Social media spending across sectors
Marketplace       Growth     Spending      Performance Social Media   Jobs    Organization Leadership   Analytics


       Table 5.1. Changes in social media spending across sectors
                                                                             February 2012
                                                   B2B - Product                 7.5%
                                                   B2B - Services                9.6%
           Current Social Media Spending           B2C - Product                 9.6%
                                                   B2C - Services                9.9%
                                                       Overall                   8.4%
                                                   B2B - Product                11.1%
                                                   B2B - Services               11.8%
            Social Media Spending in the           B2C - Product                13.2%
                   next 12 months
                                                   B2C - Services               11.4%
                                                       Overall                  11.5%
                                                   B2B - Product                22.6%
                                                   B2B - Services               21.2%
            Social Media Spending in the           B2C - Product                24.6%
                    next 5 years
                                                   B2C - Services               22.6%
                                                       Overall                  21.6%

© Christine Moorman                                                                                           37
Social media integration gap not closing
Marketplace          Growth         Spending           Performance Social Media             Jobs     Organization Leadership        Analytics


   Question: How effectively is social media                            Figure 5.2. How well social media is integrated with
   integrated with your firm’s marketing strategy?                      strategy
   7-point scale (1=not integrated, 7=very integrated)
                                                                     Percent of
                                                                  Respondents (%)
   Results: Social media remains poorly integrated                     25%
   with marketing strategy:
                                                                       20%                                          19.1%
   •   Feb, 2013:   Mean = 3.8, SD = 1.9                                                                    16.7%
   •   Aug, 2012:   Mean = 3.8, SD = 1.9                                        15.2%
                                                                                            14.5%
   •   Feb, 2012:   Mean = 3.8, SD = 1.9                               15%                          12.8%
                                                                                                                            11.7%
   •   Feb, 2011:   Mean = 3.8, SD = 2.0
                                                                                                                                       9.9%
                                                                       10%


   Table 5.2. Integration scores by sector                              5%

                                       Mean (SD)                        0%
                                       Feb-2013                                    1         2       3       4       5         6          7
                                                                               Not at all                                               Very
         B2B-Product                    3.6 (1.8)                             Integrated                                             Integrated
        B2B-Services                       4.0 (1.9)
         B2C-Product                       4.4 (2.0)
        B2C-Services                       3.5 (1.7)

© Christine Moorman                                                                                                                         38
Social media metrics: Firms shift toward
  referral and text measures
Marketplace           Growth             Spending                Performance             Social Media          Jobs         Organization       Leadership

    Table 5.2. Social Media Metrics Used by Firms*                                                               Notable shifts
                             Metrics                                August 2010                February 2013
                                                                                                                 Metrics shift toward:
      Hits/visits/page views                                             47.6%                    40.9%          • Referral measures (friends and
      Repeat visits                                                      34.7%                    24.9%              followers, buzz, net promoter score)
      Number of followers or friends                                      24%                     30.5%          • Text analysis measure
      Conversion rates (from visitor to buyer)                           25.4%                    21.1%          Financial metrics decline:
      Buzz indicators (web mentions)                                     15.7%                    16.2%          • Sales levels, revenue per
      Customer acquisition costs                                                                                     customer, profits per customer
                                                                         11.8%                    10.2%
      Sales levels                                                       17.9%                     8.7%
      Other text analysis ratings                                        6.6%                      8.5%
      Online product/service ratings                                     8.2%                      6.0%
      Revenue per customer                                               17.2%                     9.2%
      Net promoter score                                                 7.5%                      9.8%
      Customer retention costs                                           7.7%                      3.0%
      Abandoned shopping carts                                           3.8%                      2.8%
      Profits per customer                                               9.4%                      4.5%
     *Red indicates metric use has decreased; green indicates that metric use has increased.

© Christine Moorman                                                                                                                                     39
Topic 6: Marketing Jobs




                          40
                           40
Marketing hiring remains positive, but slows:
  B2C-Product companies predict biggest percentage increase
Marketplace       Growth        Spending        Performance Social Media     Jobs     Organization Leadership   Analytics


    Figure 6.1. Percentage change in marketing hires planned in next 12 months


                               8%
                                                               7.2%
                               7%
                                                     6.2%                               6.5%

                               6%                                                                   5.4%
                                                                            5.2%
                               5%
     Percentage Increase in         4.0%
     Marketing Hires in Next   4%
           12 Months
                               3%

                               2%

                               1%

                               0%
                                       August       February    August     February     August     February
                                        2010          2011       2011        2012        2012        2013




© Christine Moorman                                                                                                   41
Outsourcing of marketing remains flat (3%)
Marketplace       Growth            Spending      Performance Social Media      Jobs        Organization Leadership   Analytics


         Figure 6.2. Percentage of company marketing expected to be outsourced in next 12 months


                14%


                12%


                10%
                                                              9.3%

                 8%


                 6%


                 4%
                           4.3%            4.5%
                                                                                                     3.5%
                                                                      3.2%             3.1%
                 2%


                 0%
                           August          February       August     February          August       February
                            2010             2011          2011        2012             2012          2013




© Christine Moorman                                                                                                         42
Topic 7:
Marketing Organization




                         43
                          43
Where marketing is located in companies:
  Increase in corporate and field office locations
Marketplace       Growth          Spending         Performance Social Media                  Jobs         Organization Leadership     Analytics



                      Figure 7.1. Location of marketing in companies*
                                                                  August 2012             February 2013
                                                   86.2%
                              85%
                                          79.7%

                              75%

                              65%

                              55%
       Percentage
       of Firms (%)           45%
                                                                    38.3%
                              35%                                               30.5%

                              25%
                                                                                               17.3%
                              15%                                                                                            12.3%
                                                                                                       10.8%         9.3%

                               5%
                                            Corporate                  Business                Brand/Product          Field Offices
                                    *Totals across locations may exceed 100% if marketing is in multiple locations


© Christine Moorman                                                                                                                         44
Marketing and sales are equal partners
   in most companies
Marketplace       Growth        Spending        Performance Social Media                Jobs     Organization Leadership         Analytics



           Figure 7.2. The marketing-sales relationship


                                                                August 2012    February 2013
                        80%
                                                72.0%
                                       69.2%
                        70%

                        60%

                        50%
      Percentage
     of Firms (%)       40%

                        30%

                        20%
                                                                       13.0%
                                                                                 10.3%                 10.3%
                        10%                                                                                      7.0%

                           0%
                                 Sales & marketing work on an    Marketing is within the sales   Sales is within the marketing
                                          equal basis                     function                         function




© Christine Moorman                                                                                                                    45
Product/service organizational structure dominates:
  Only 26% of firms using customer groups
Marketplace       Growth        Spending   Performance Social Media     Jobs       Organization Leadership   Analytics



           Figure 7.3. Organizational structure in companies
                                                                                                New question
                                                                                             in The CMO Survey
                        80%
                                                                         73.5%

                        70%

                        60%

                        50%
      Percentage
     of Firms (%)       40%

                        30%                26.5%

                        20%

                        10%

                           0%
                                       Customer Groups           Product/Service Groups




© Christine Moorman                                                                                                46
Topic 8:
Marketing Leadership




                       47
                        47
What marketing leads
Marketplace          Growth              Spending             Performance Social Media                          Jobs   Organization Leadership          Analytics


  Table 8.1. Percentage of companies in which marketing leads activity*                                                Stronger marketing leadership:
                                                                                                                       • Customer service
             Activity                   Feb-11               Feb-12                Aug-12                 Feb-13       • Stock market performance
           Advertising                    85%                  85%                    84%                   84%
           Positioning                    79%                  78%                    82%                   82%        Maintaining marketing leadership:
           Promotion                      81%                  79%                    84%                   82%        • Advertising
             Brand                        81%                  84%                    84%                   84%        • Positioning
      Marketing research                  73%                  71%                    75%                   76%        • Promotion
          Social media                    71%                  73%                    77%                   76%        • Brand
    Competitive intelligence              58%                  62%                    67%                   68%        • Marketing research
        Public relations                  65%                  53%                    61%                   61%        • Social media
       Lead generation                    53%                  53%                    57%                   56%        • Competitive intelligence
    Market entry strategies               50%                  46%                    55%                   56%        • Public relations
         New products                     44%                  52%                    51%                   47%        • Lead generation
              CRM                         38%                  41%                    45%                   41%        • Market entry
   Targeting/Market selection             31%                  35%                    40%                   36%
             Sales                        32%                  30%                    27%                   24%
                                                                                                                       Weaker marketing leadership:
                                                                                                                       • New products
             Pricing                      30%                  34%                    38%                   31%
                                                                                                                       • CRM
           Innovation                     33%                  39%                    37%                   35%
                                                                                                                       • Targeting/Market selection
       Customer service                   22%                  21%                    18%                   24%        • Sales
   Stock market performance               0.4%                 1.2%                   1.0%                  2.3%       • Pricing
  *Red indicates marketing’s influence has decreased, green indicates that marketing’s influence has increased, and
  changes of 1% or less are viewed as no change.

                                                                                                                                                              48
Marketing leaders retained for 4.8 years
Marketplace                  Growth             Spending              Performance Social Media                   Jobs      Organization Leadership        Analytics



              Figure 8.1. Marketing leader retention                                                           Table 8.2. Sector differences in retention (Feb-2013)
                                                                                                                                           Years in current role
                      August 2011        February 2012          August 2012      February 201
                                                                                                                     B2B Product                    4.1
         12
                                                                                10.5                                 B2B-Service                    4.7
         10                                                                                        9.5
                                                                                          9.2
                                                                        8.8                                          B2C-Product                    4.8
          8
                                                                                                                     B2C-Service                    4.8
 Years




          6                     5.4
                                                  4.8
                       4.3               4.1
          4


          2


          0
                Top marketer time in current role in the firm      Top marketer time in any role in the firm




© Christine Moorman                                                                                                                                             49
Marketer influence drops
Marketplace       Growth      Spending          Performance Social Media         Jobs          Organization Leadership   Analytics



            Figure 8.2. Number of people reporting to top marketer


                                                  Direct reports   Indirect reports
                               30
                                                                       25.4              24.6
                               25

                               20                                                                        17.5
                                         17.0
                                                           15.4
              Number of Reports 15

                               10

                                                                                         8.6
                                5        7.2                7.3
                                                                       6.0                               5.6
                                0
                                      August              August     February           August         February
                                       2010                2011        2012              2012            2013



© Christine Moorman                                                                                                            50
Best Practice from Marketing Leaders:
                               See full interviews at www.cmosurvey.org/cmo-insights/

Marketplace       Growth     Spending        Performance Social Media            Jobs      Organization Leadership         Analytics


                           Senior Vice President and Chief Marketing Officer Beth Comstock discusses how GE approaches
                           marketing: “You have to create a platform that invites innovative ideas.” This platform involves four
                           capabilities that have produced an array of new products, services, customers, and business models.

                           Chief Marketing Officer Kim Feil discusses how she built a marketing function. From insights to
                           accountability, she describes the organization, processes, metrics, and talent management strategies
                           important to this effort.


                           Executive Vice President and Chief Marketing Officer Geert van Kuyck shares ideas on building the
                           essential skill set for CMOs and the importance of defining the CMO’s mission. He discusses the use of
                           the Net Promoter Score and other metrics to evaluate business results at Philips, touching on Philips’
                           engagement with LinkedIn and social media metrics.

                           Executive Vice President and Chief Marketing Officer Stephen Quinn describes how Walmart rebuilt its
                           customer focus. Key steps involved harnessing internal support, generating market insight, using
                           customer-focused metrics, living the brand internally, and building marketing talent.

                           Global Marketing Officer Marc Pritchard shares his viewpoints on how marketing contributes to P&G’s
                           performance. He talks about how P&G learns about customers and how it is relentless in its attention to
                           building loyal customers and strong brands in the store, on the web, and around the world.
© Christine Moorman                                                                                                                  51
Topic 9:
Marketing Analytics




                      52
                       52
Spending on marketing analytics expected
  to increase 66% in three years
Marketplace       Growth    Spending      Performance Social Media        Jobs      Organization Leadership   Analytics


   Figure 9.1. Percent of marketing budget spent on marketing analytics


                      12%

                                                                                 10%
                      10%



                      8%


                                          6%
                      6%



                      4%



                      2%



                      0%
                                     Current Levels                        In Next 3 Years




© Christine Moorman                                                                                                 53
Spending on marketing analytics by firm
  and industry characteristics
Marketplace       Growth       Spending        Performance Social Media        Jobs     Organization Leadership   Analytics


         Table 9.1a. Firm sector differences                     Table 9.1c. Firm size differences
                                               In Next                                               In Next
                             Current                                                  Current
                                               3 years                                               3 years
           B2B-Product         5.4               9.1                 <$25M              5.2            9.2
           B2B-Service         6.5              11.6
                                                                    $26-99M             4.7            9.0
           B2C-Product         5.4               9.9
                                                                   $100-499M            5.8            9.1
           B2C-Service         6.7               9.6
                                                                   $500-999M            7.7           12.3
                                                                     $1-9.9B            6.8           10.5
          Table 9.1b. Firm internet sales differences
                                                                     $10+B              9.1           13.7
                                               In Next
                             Current
                                               3 years
                 0%             5.3              9.4
               1-10%            6.2             10.6
               >10%             6.8             11.0




© Christine Moorman                                                                                                     54
Most projects fail to use marketing analytics;
worsening trend as big data grows
Marketplace       Growth     Spending       Performance Social Media        Jobs      Organization Leadership   Analytics



      Figure 9.2. Percentage of projects using marketing analytics in companies

                 50%

                 45%

                 40%            37%
                                                           35%
                 35%
                                                                                       30%
                 30%

                 25%

                 20%

                 15%

                 10%

                  5%

                  0%
                            February 2012               August 2012                February 2013




© Christine Moorman                                                                                                   55
Majority of companies do not evaluate
  marketing analytics
Marketplace       Growth      Spending       Performance Social Media              Jobs      Organization Leadership   Analytics



           Figure 9.3. Does your company formally evaluate the quality of marketing analytics?



                                                    August 2012   February 2013
                      70%
                                                                                             60.2%
                      60%
                                                                                  53.2%
                      50%            46.8%
                                                 39.8%
                      40%

                      30%

                      20%

                      10%

                      0%
                                      Evaluate quality                        Do not evaluate quality




© Christine Moorman                                                                                                          56
Contribution of marketing analytics to
  company performance drops
Marketplace           Growth         Spending      Performance Social Media   Jobs    Organization Leadership     Analytics


       Mean contribution of marketing analytics to company performance on 7-point scale:
                      February 2013: 3.7 (SD = 1.9%)
                      August 2012: 3.9 (SD = 1.9%)


       Figure 9.4. To what degree does the use of marketing analytics contribute to your company's performance?

                      25%

                                                            21.1%
                      20%
                                                                     17.8%
                             16.3%        16.7%

                      15%
                                                                              11.5%
                                                    9.6%
                      10%
                                                                                      7.0%

                      5%



                      0%
                  1                   Not at all
                                             2        3       4        5       7
                                                                               6             Very Highly

© Christine Moorman                                                                                                     57
The 2013 CMO Survey Award for
     Marketing Excellence – Overall Winner

   Participants were asked to nominate a company in response to the question:

   Which company across all industries sets the standard for excellence in marketing?




                      Apple, Inc.




© Christine Moorman                                                                     58
The 2013 CMO Survey Award for
   Marketing Excellence – Industry Winners
      Participants were asked to nominate a company in response to the question:

      Which company in your industry sets the standard for excellence in marketing?




        Procter & Gamble                              General Electric                           IBM
(Consumer Packaged Goods: Non-food)                   (Manufacturing)              (Technology Solutions/Consulting)




                              Google                                  The Coca-Cola Company
                             (Services)                          (Consumer Packaged Goods: Food)




© Christine Moorman                                                                                               59
Preview
     Next survey:             The CMO Survey will be administered in July 2013


     To participate:            Sign up at http://www.cmosurvey.org/participate/


     Media:           Press releases and coverage will be posted to http://www.cmosurvey.org/category/news/


     Feedback:             Send comments to moorman@duke.edu




© Christine Moorman                                                                                       60

Contenu connexe

Tendances

The CMO Survey Highlights and Insights Feb 2016
The CMO Survey Highlights and Insights Feb 2016The CMO Survey Highlights and Insights Feb 2016
The CMO Survey Highlights and Insights Feb 2016christinemoorman
 
The CMO Survey Highlights and Insights February 2015
The CMO Survey Highlights and Insights February 2015The CMO Survey Highlights and Insights February 2015
The CMO Survey Highlights and Insights February 2015christinemoorman
 
The cmo survey highlights and insights, feb 2011
The cmo survey highlights and insights, feb 2011The cmo survey highlights and insights, feb 2011
The cmo survey highlights and insights, feb 2011christinemoorman
 
The cmo survey_highlights_and_insights-aug-2011_final
The cmo survey_highlights_and_insights-aug-2011_finalThe cmo survey_highlights_and_insights-aug-2011_final
The cmo survey_highlights_and_insights-aug-2011_finalchristinemoorman
 
The CMO Survey - Highights and Insights Report - Feb 2018
The CMO Survey - Highights and Insights Report - Feb 2018The CMO Survey - Highights and Insights Report - Feb 2018
The CMO Survey - Highights and Insights Report - Feb 2018christinemoorman
 
The CMO Survey - Highlights and Insights - Aug 2017
The CMO Survey - Highlights and Insights - Aug 2017The CMO Survey - Highlights and Insights - Aug 2017
The CMO Survey - Highlights and Insights - Aug 2017christinemoorman
 
comScore Study Finds Professionally-Produced Video Content And User-Generated...
comScore Study Finds Professionally-Produced Video Content And User-Generated...comScore Study Finds Professionally-Produced Video Content And User-Generated...
comScore Study Finds Professionally-Produced Video Content And User-Generated...EXPO
 
The CMO Survey Highlights and Insights February 2013
The CMO Survey Highlights and Insights February 2013The CMO Survey Highlights and Insights February 2013
The CMO Survey Highlights and Insights February 2013christinemoorman
 
The Chief Marketing Officer Council: Getting Involved as a Sponsor
The Chief Marketing Officer Council: Getting Involved as a SponsorThe Chief Marketing Officer Council: Getting Involved as a Sponsor
The Chief Marketing Officer Council: Getting Involved as a SponsorCMOCouncil
 
The CMO Survey Highlights and Insights February 2017
The CMO Survey Highlights and Insights February 2017The CMO Survey Highlights and Insights February 2017
The CMO Survey Highlights and Insights February 2017christinemoorman
 
The CMO Survey Highlights and Insights Report - Feb 2019
The CMO Survey Highlights and Insights Report - Feb 2019The CMO Survey Highlights and Insights Report - Feb 2019
The CMO Survey Highlights and Insights Report - Feb 2019christinemoorman
 
The CMO Survey - Highlights and Insights Report - August 2018
The CMO Survey - Highlights and Insights Report - August 2018The CMO Survey - Highlights and Insights Report - August 2018
The CMO Survey - Highlights and Insights Report - August 2018christinemoorman
 
The CMO Survey - Highlights and Insights Report - February 2022
The CMO Survey - Highlights and Insights Report - February 2022 The CMO Survey - Highlights and Insights Report - February 2022
The CMO Survey - Highlights and Insights Report - February 2022 christinemoorman
 
The Cmo Survey Highlights And Insights, February 2010
The Cmo Survey Highlights And Insights, February 2010The Cmo Survey Highlights And Insights, February 2010
The Cmo Survey Highlights And Insights, February 2010pyrographic
 
The cmo survey_highlights_and_insights_aug - 13-final
The cmo survey_highlights_and_insights_aug - 13-finalThe cmo survey_highlights_and_insights_aug - 13-final
The cmo survey_highlights_and_insights_aug - 13-finalchristinemoorman
 
CMO Survey Highlights and Insights: February 2009
CMO Survey Highlights and Insights: February 2009CMO Survey Highlights and Insights: February 2009
CMO Survey Highlights and Insights: February 2009FuquaMarketing
 
The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021christinemoorman
 
The CMO Survey - Highlights and Insights Report - Feb 2020
The CMO Survey - Highlights and Insights Report - Feb 2020The CMO Survey - Highlights and Insights Report - Feb 2020
The CMO Survey - Highlights and Insights Report - Feb 2020christinemoorman
 
The CMO Survey - Highlights and Insights Report - Aug 2019
The CMO Survey - Highlights and Insights Report - Aug 2019The CMO Survey - Highlights and Insights Report - Aug 2019
The CMO Survey - Highlights and Insights Report - Aug 2019christinemoorman
 

Tendances (19)

The CMO Survey Highlights and Insights Feb 2016
The CMO Survey Highlights and Insights Feb 2016The CMO Survey Highlights and Insights Feb 2016
The CMO Survey Highlights and Insights Feb 2016
 
The CMO Survey Highlights and Insights February 2015
The CMO Survey Highlights and Insights February 2015The CMO Survey Highlights and Insights February 2015
The CMO Survey Highlights and Insights February 2015
 
The cmo survey highlights and insights, feb 2011
The cmo survey highlights and insights, feb 2011The cmo survey highlights and insights, feb 2011
The cmo survey highlights and insights, feb 2011
 
The cmo survey_highlights_and_insights-aug-2011_final
The cmo survey_highlights_and_insights-aug-2011_finalThe cmo survey_highlights_and_insights-aug-2011_final
The cmo survey_highlights_and_insights-aug-2011_final
 
The CMO Survey - Highights and Insights Report - Feb 2018
The CMO Survey - Highights and Insights Report - Feb 2018The CMO Survey - Highights and Insights Report - Feb 2018
The CMO Survey - Highights and Insights Report - Feb 2018
 
The CMO Survey - Highlights and Insights - Aug 2017
The CMO Survey - Highlights and Insights - Aug 2017The CMO Survey - Highlights and Insights - Aug 2017
The CMO Survey - Highlights and Insights - Aug 2017
 
comScore Study Finds Professionally-Produced Video Content And User-Generated...
comScore Study Finds Professionally-Produced Video Content And User-Generated...comScore Study Finds Professionally-Produced Video Content And User-Generated...
comScore Study Finds Professionally-Produced Video Content And User-Generated...
 
The CMO Survey Highlights and Insights February 2013
The CMO Survey Highlights and Insights February 2013The CMO Survey Highlights and Insights February 2013
The CMO Survey Highlights and Insights February 2013
 
The Chief Marketing Officer Council: Getting Involved as a Sponsor
The Chief Marketing Officer Council: Getting Involved as a SponsorThe Chief Marketing Officer Council: Getting Involved as a Sponsor
The Chief Marketing Officer Council: Getting Involved as a Sponsor
 
The CMO Survey Highlights and Insights February 2017
The CMO Survey Highlights and Insights February 2017The CMO Survey Highlights and Insights February 2017
The CMO Survey Highlights and Insights February 2017
 
The CMO Survey Highlights and Insights Report - Feb 2019
The CMO Survey Highlights and Insights Report - Feb 2019The CMO Survey Highlights and Insights Report - Feb 2019
The CMO Survey Highlights and Insights Report - Feb 2019
 
The CMO Survey - Highlights and Insights Report - August 2018
The CMO Survey - Highlights and Insights Report - August 2018The CMO Survey - Highlights and Insights Report - August 2018
The CMO Survey - Highlights and Insights Report - August 2018
 
The CMO Survey - Highlights and Insights Report - February 2022
The CMO Survey - Highlights and Insights Report - February 2022 The CMO Survey - Highlights and Insights Report - February 2022
The CMO Survey - Highlights and Insights Report - February 2022
 
The Cmo Survey Highlights And Insights, February 2010
The Cmo Survey Highlights And Insights, February 2010The Cmo Survey Highlights And Insights, February 2010
The Cmo Survey Highlights And Insights, February 2010
 
The cmo survey_highlights_and_insights_aug - 13-final
The cmo survey_highlights_and_insights_aug - 13-finalThe cmo survey_highlights_and_insights_aug - 13-final
The cmo survey_highlights_and_insights_aug - 13-final
 
CMO Survey Highlights and Insights: February 2009
CMO Survey Highlights and Insights: February 2009CMO Survey Highlights and Insights: February 2009
CMO Survey Highlights and Insights: February 2009
 
The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021
 
The CMO Survey - Highlights and Insights Report - Feb 2020
The CMO Survey - Highlights and Insights Report - Feb 2020The CMO Survey - Highlights and Insights Report - Feb 2020
The CMO Survey - Highlights and Insights Report - Feb 2020
 
The CMO Survey - Highlights and Insights Report - Aug 2019
The CMO Survey - Highlights and Insights Report - Aug 2019The CMO Survey - Highlights and Insights Report - Aug 2019
The CMO Survey - Highlights and Insights Report - Aug 2019
 

Similaire à Marketers Optimism Rises as Economic Uncertainty Declines

Cmo Survey Highlights And Insights, August 2009
Cmo Survey Highlights And Insights, August 2009Cmo Survey Highlights And Insights, August 2009
Cmo Survey Highlights And Insights, August 2009FuquaMarketing
 
The cmo survey highlights and insights, august 2010
The cmo survey highlights and insights, august 2010The cmo survey highlights and insights, august 2010
The cmo survey highlights and insights, august 2010christinemoorman
 
The Duke University CMO Survey Highlights And Insights, August 2010
The Duke University CMO Survey Highlights And Insights, August 2010The Duke University CMO Survey Highlights And Insights, August 2010
The Duke University CMO Survey Highlights And Insights, August 2010Ann Honomichl
 
European Social Media Marketing ROI Study
European Social Media Marketing ROI StudyEuropean Social Media Marketing ROI Study
European Social Media Marketing ROI StudyAdobe
 
The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021christinemoorman
 
The CMO Survey - Highlights and Insights Report - August 2021
The CMO Survey - Highlights and Insights Report - August 2021The CMO Survey - Highlights and Insights Report - August 2021
The CMO Survey - Highlights and Insights Report - August 2021christinemoorman
 
Insights from Economic Development Marketing Directors
Insights from Economic Development Marketing DirectorsInsights from Economic Development Marketing Directors
Insights from Economic Development Marketing Directorsdcisusanbrake
 
201206 IASA Session 673 - Mining Social Data
201206 IASA Session 673 - Mining Social Data201206 IASA Session 673 - Mining Social Data
201206 IASA Session 673 - Mining Social DataSteven Callahan
 
The CMO Survey Highlights And Insights, February 2010
The CMO Survey Highlights And Insights, February 2010The CMO Survey Highlights And Insights, February 2010
The CMO Survey Highlights And Insights, February 2010christinemoorman
 
Cmo Survey Highlights And Insights February 2010
Cmo Survey Highlights And Insights February 2010Cmo Survey Highlights And Insights February 2010
Cmo Survey Highlights And Insights February 2010Jordi Sabater Domènech
 
The CMO Survey Highlights and Insights Report - June 2020
The CMO Survey Highlights and Insights Report - June 2020The CMO Survey Highlights and Insights Report - June 2020
The CMO Survey Highlights and Insights Report - June 2020christinemoorman
 
AMA/Duke CMO Study - Feb. 2011
AMA/Duke CMO Study - Feb. 2011AMA/Duke CMO Study - Feb. 2011
AMA/Duke CMO Study - Feb. 2011ahonomichl
 
AMA/Duke - The CMO Survey Highlights And Insights - Feb 2011
AMA/Duke - The CMO Survey Highlights And Insights - Feb 2011AMA/Duke - The CMO Survey Highlights And Insights - Feb 2011
AMA/Duke - The CMO Survey Highlights And Insights - Feb 2011Ann Honomichl
 
2012 B2B Social Media Marketing - Market Report by TheSocialPeople
2012 B2B Social Media Marketing - Market Report by TheSocialPeople2012 B2B Social Media Marketing - Market Report by TheSocialPeople
2012 B2B Social Media Marketing - Market Report by TheSocialPeopleViral Thaker
 
Digital Marketing Measurement Framework - Martin Walsh
Digital Marketing Measurement Framework - Martin WalshDigital Marketing Measurement Framework - Martin Walsh
Digital Marketing Measurement Framework - Martin WalshMartin Walsh
 

Similaire à Marketers Optimism Rises as Economic Uncertainty Declines (20)

Cmo Survey Highlights And Insights, August 2009
Cmo Survey Highlights And Insights, August 2009Cmo Survey Highlights And Insights, August 2009
Cmo Survey Highlights And Insights, August 2009
 
The cmo survey highlights and insights, august 2010
The cmo survey highlights and insights, august 2010The cmo survey highlights and insights, august 2010
The cmo survey highlights and insights, august 2010
 
The Duke University CMO Survey Highlights And Insights, August 2010
The Duke University CMO Survey Highlights And Insights, August 2010The Duke University CMO Survey Highlights And Insights, August 2010
The Duke University CMO Survey Highlights And Insights, August 2010
 
European Social Media Marketing ROI Study
European Social Media Marketing ROI StudyEuropean Social Media Marketing ROI Study
European Social Media Marketing ROI Study
 
The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021
 
The CMO Survey - Highlights and Insights Report - August 2021
The CMO Survey - Highlights and Insights Report - August 2021The CMO Survey - Highlights and Insights Report - August 2021
The CMO Survey - Highlights and Insights Report - August 2021
 
Insights from Economic Development Marketing Directors
Insights from Economic Development Marketing DirectorsInsights from Economic Development Marketing Directors
Insights from Economic Development Marketing Directors
 
201206 IASA Session 673 - Mining Social Data
201206 IASA Session 673 - Mining Social Data201206 IASA Session 673 - Mining Social Data
201206 IASA Session 673 - Mining Social Data
 
The CMO Survey Highlights And Insights, February 2010
The CMO Survey Highlights And Insights, February 2010The CMO Survey Highlights And Insights, February 2010
The CMO Survey Highlights And Insights, February 2010
 
Cmo Survey Highlights And Insights February 2010
Cmo Survey Highlights And Insights February 2010Cmo Survey Highlights And Insights February 2010
Cmo Survey Highlights And Insights February 2010
 
The CMO Survey Highlights and Insights Report - June 2020
The CMO Survey Highlights and Insights Report - June 2020The CMO Survey Highlights and Insights Report - June 2020
The CMO Survey Highlights and Insights Report - June 2020
 
AMA/Duke CMO Study - Feb. 2011
AMA/Duke CMO Study - Feb. 2011AMA/Duke CMO Study - Feb. 2011
AMA/Duke CMO Study - Feb. 2011
 
AMA/Duke - The CMO Survey Highlights And Insights - Feb 2011
AMA/Duke - The CMO Survey Highlights And Insights - Feb 2011AMA/Duke - The CMO Survey Highlights And Insights - Feb 2011
AMA/Duke - The CMO Survey Highlights And Insights - Feb 2011
 
Yearly Marketing Survey 2011
Yearly Marketing Survey 2011Yearly Marketing Survey 2011
Yearly Marketing Survey 2011
 
Senior Executive Social Networking Survey ( November 2009)
Senior  Executive    Social  Networking  Survey ( November 2009)Senior  Executive    Social  Networking  Survey ( November 2009)
Senior Executive Social Networking Survey ( November 2009)
 
2012 B2B Social Media Marketing - Market Report by TheSocialPeople
2012 B2B Social Media Marketing - Market Report by TheSocialPeople2012 B2B Social Media Marketing - Market Report by TheSocialPeople
2012 B2B Social Media Marketing - Market Report by TheSocialPeople
 
Big Call - June 2012
Big Call - June 2012Big Call - June 2012
Big Call - June 2012
 
Steps to Building Your Digital Audience
Steps to Building Your Digital AudienceSteps to Building Your Digital Audience
Steps to Building Your Digital Audience
 
Digital Marketing Measurement Framework - Martin Walsh
Digital Marketing Measurement Framework - Martin WalshDigital Marketing Measurement Framework - Martin Walsh
Digital Marketing Measurement Framework - Martin Walsh
 
Social Media in B2B Communications
Social Media in B2B CommunicationsSocial Media in B2B Communications
Social Media in B2B Communications
 

Marketers Optimism Rises as Economic Uncertainty Declines

  • 1. Highlights and Insights February 2013 www.cmosurvey.org © Christine Moorman
  • 2. About The CMO Survey Mission - The CMO Survey collects and disseminates the opinions of top marketers in order to predict the future of markets, track marketing excellence, and improve the value of marketing in firms and society. Survey Operation - Founded in August 2008, The CMO Survey is administered twice a year via an Internet survey. Questions repeat to observe trends. Special topics are introduced for some surveys. - The February 2013 survey was the ninth administration of The CMO Survey. Sponsoring Organizations Founder and Director - Professor Christine Moorman, T. Austin Finch, Sr. Professor of Business Administration, Fuqua School of Business, Duke University © Christine Moorman 2
  • 3. Survey Methodology Survey Sample - 4963 top U.S. marketers at Fortune 1000, Forbes Top 200, and Top Marketers who are AMA Members or Duke University Alumni and Friends - 468 responded for a 9.4% response rate Survey Administration - Email contact with three follow-up reminders - Survey in field from January 22 - February 8, 2013 - 95% of respondents VP-level or above Results Interpretation - M = sample mean; SD = sample standard deviation - B2B = Business-to-Business firms; B2C = Business-to-Consumer firms © Christine Moorman 3
  • 4. Overview of Results Topic 1: Marketplace Dynamics 5-10 Topic 2: Firm Growth Strategies 11-17 Topic 3: Marketing Spending 18-28 Topic 4: Financial and Marketing Performance 29-34 Topic 5: Marketing and Social Media 35-39 Topic 6: Marketing Jobs 40-42 Topic 7: Marketing Organization 43-46 Topic 8: Marketing Leadership 47-51 Topic 9: Marketing Analytics 52-57 The CMO Survey Award for Marketing Excellence 58-59 Preview of Next Survey 60 © Christine Moorman 4
  • 6. Marketer optimism for U.S. economy shows cautious rise; business sectors vary Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 1.1. How optimistic are you about the overall U.S. Figure 1.2. Optimism for U.S. economy by sector economy on a 0-100 scale with 0 being the least optimistic and 100 the most optimistic? February August Change Marketer Optimism about Overall Economy 2013 2012 100 90 B2B Product 55.4% 61.8% +6.4% 80 B2B Service 62.3% 62.5% +0.2% 70 63.4 62.7 58.4 60 B2C Product 60.8% 62.2% +1.4% 52.2 50 B2C Service 51.9% 60.3% +8.4% 40 August February August February 2011 2012 2012 2013 © Christine Moorman 6
  • 7. Economic uncertainty is resolved: Optimists almost double from 29% to 56.4% of sample Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 1.3. Are you more or less optimistic about the overall U.S. economy compared to last quarter? Less Optimistic No Change More Optimistic 60% 56.4% 50% 40% 35.8% 35.2% Percentage of 30% Respondents 29.0% 26.1% 20% 17.5% 10% 0% August 2012 February 2013 © Christine Moorman 7
  • 8. Marketer optimism for own companies exceeds expectations for overall economy Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 1.4. How optimistic are you on a 0-100 scale with 0 being the least optimistic and 100 the most optimistic? Optimism for Overall Economy Optimism for Own Company 100 90 80 72.8 72.4 69.6 70 67.8 60 63.4 62.7 58.4 50 52.2 40 August 2011 February 2012 August 2012 February 2013 © Christine Moorman 8
  • 9. Customer metrics forecast positive: Marketers expect increases in purchase volume, purchase of related offerings, customer acquisition, and price paid Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 1.5. Forecasted customer outcomes in next 12 months 80 70 67.7 Increased customer purchase volume 64.0 59.7 60 62.1 56.1 Increased customer price per unit 56.2 52.8 59.1 Customer will buy more related products and % of 51.6 52.9 50 services from my firm Respondents 45.4 49.8 43.8 Increased ability to retain current customers 41.4 42.3 40 43.0 Increased entry of new customers into the 38.7 market 37.4 Increased ability to acquire new customers 30 32.5 32.8 30.4 20 August 2011 February 2012 August 2012 February 2013 *Increased ability to acquire new customers was added Feb-2013. © Christine Moorman 9
  • 10. Customer priorities expected to shift away from low-price focus Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 1.6. Customers’ top priority in next 12 months 30% 25.8% 24.7% 25% 23.2% 20% 18.7% 18.9% 18.8% % of Low Price 18.2% Respondents 15% 17.3% Quality Innovation 10.5% Service 9.4% 10% Trust Brand 8.4% 5% 6.8% 0% August 2012 February 2013 © Christine Moorman 10
  • 11. Topic 2: Firm Growth Strategies 11 11
  • 12. Growth strategies to take on more risk next year: Diversification up 28% Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Types of Growth Strategies Table 2.1. How growth spending is expected to change* Existing New Actual Expected Products/ Products/ Percent Spending in Spending in Services Services Strategy Change Past 12 Next 12 Expected Months Months Market Product/Service Existing Market Penetration Development Markets Penetration 54.9% 47.8% -12.9% Strategy Strategy Strategy Market Development 15.1% 17.2% +13.9% Market Strategy New Diversification Markets Development Strategy Strategy Product/Service Development 20.8% 23.2% +11.5% Strategy Diversification 9.2% 11.8% +28.3% Strategy * % of spending across growth strategies © Christine Moorman 12
  • 13. Growth strategies vary by sector: Service sector expects biggest shifts Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 2.2. Expected changes in sector growth spending Notable shifts in next 12 months relative to prior year • B2B-Service companies expected to B2B B2B B2C B2C Product Service Product Service diversify the most (54.8%) • B2C-Service companies expected to Market Penetration increase market development (+88%) -10.4% -15.4% -13.8% -13.1% and decrease product/service Strategy development (-9.5%) Market +4.2% +10.6% +11.0% +88.3% Development Strategy Product/Service +7.2% +9.2% +16.7% -9.5% Development Strategy Diversification +24.3% +54.8% +29.1% +8.0% Strategy © Christine Moorman 13
  • 14. Companies to increase organic growth strategies in next year Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 2.3. How firms will grow in the next 12 months* Table 2.4. Sector use of growth strategies* % B2B B2B- B2C- B2C- Strategy Aug-12 Feb-13 Strategy Change Product Service Product Service Organic Organic Growth 68.9% 73.5% +6.7% 70.4% 72.3% 73.5% 72.6% Growth Growth via Growth via Acquisitions 12.2% 8.5% -30.3% 10.0% 7.3% 6.8% 12.4% Acquisition Growth from Growth from Partnerships 12.9% 12.3% -4.6% 12.5% 14.9% 13.8% 10.1% Partnerships Growth from Growth from Licensing 6.1% 5.6% -8.1% 7.0% 5.6% 5.9% 4.9% Licensing * Percentage of spending across growth strategies © Christine Moorman 14
  • 15. Canada, Western Europe, and China are the focus of U.S. marketers Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Australia Other South Southeast Asia 2% America 3% 2% Eastern Europe Korea 2% 2% Russia Figure 2.1. Highest international revenue 3% growth markets (% respondents) India 3% Japan Canada 4% 25% Middle East 5% Brazil 6% Western Europe 22% Mexico 6% China 15% © Christine Moorman 15
  • 16. Growth of international markets slows: Highest sales increases in Mexico and Eastern Europe Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 2.2. Average change in growth of international markets Table 2.5. Sales increase in the last 12 months by market Feb-13 25% Mexico 41.2% Eastern Europe 40.0% 19.7% Middle East 28.2% 20% Brazil 27.1% 15.6% Russia 22.4% 15% Southeast Asia 22.0% Australia 21.0% 10% Japan 21.7% India 19.2% 5% China 18.4% Western Europe 16.4% Canada 14.2% 0% South America (not Brazil) 14.0% February 2012 February 2013 Korea 4.5%
  • 17. Overall company sales from international markets stagnates Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 2.3. Percentage of company sales expected to be international in next 12 months 35% 32.4% 30% 25% 24.7% 20% 18.7% 19.3% 19.6% 19.5% 15% 10% 5% 0% August February August February August February 2010 2011 2011 2012 2012 2013 © Christine Moorman 17
  • 19. Growth in marketing budgets flattens Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 3.1. Percent change in marketing budgets in next 12 months 13% 11% 9.2% 9.1% 9% 8.1% 6.7% 7% 6.1% 5.9% 6.4% 5% 3% 1.1% 1% 0.5% -1% February August February August February August February August February 2009 2009 2010 2010 2011 2011 2012 2012 2013 © Christine Moorman 19
  • 20. Marketing spending up in all sectors except B2B-Product sector Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 3.2. Sector differences in marketing budgets 14% 13.2% 12% 10% 9.2% B2B Product 8.6% B2B Service 8% B2C Product 6.8% 7.1% B2C Service 6.7% 6% 6.2% 6.2% 5.7% 4.6% 4% 4.2% 3.3% 2% 0% February 2012 August 2012 February 2013 © Christine Moorman 20
  • 21. Marketing spending on traditional advertising continues to plummet Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 3.3. Percent change in traditional advertising* spend in next 12 months 3% 2% 1.3% 1% 0% -0.8% -1% -1.9% -2% -2.7% -3% August February August February 2011 2012 2012 2013 *Refers to media advertising not using the web. © Christine Moorman 21
  • 22. All other marketing spend categories positive, but slower growth expected Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 3.1. Percent change in marketing spending in next 12 months Aug-12 Feb-13 Overall marketing spend 6.4% 6.1% Traditional advertising* spending -1.9% -2.7% Digital marketing spending 11.5% 10.2% New product introductions 9.4% 8.0% New service introductions 6.4% 5.8% Customer relationship management 9.0% 8.1% Brand building 7.5% 6.8% *Refers to media advertising not using the web. © Christine Moorman 22
  • 23. Company differences in digital vs. traditional advertising spend Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 3.2. Change in digital and traditional advertising spending in next 12 months by sector B2B B2B B2C B2C Product Services Product Services Digital marketing spend 8.2% 10.5% 14.6% 10.4% Traditional advertising* spend -4.1% -2.2% -0.6% -5.4% *Refers to media advertising not using the web. © Christine Moorman 23
  • 24. Investments in marketing consulting up; all other knowledge investments drop Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 3.3. Changes in firm spending on marketing knowledge in next 12 months Aug-12 Feb-13 % Change Marketing research and intelligence 8.2% 4.5% -45.1% Marketing consulting services 3.3% 4.5% +36.4% Developing knowledge about how to do marketing* 5.8% 4.3% -25.9% Integrating what we know about marketing 8.2% 5.4% -34.1% Marketing Training* 7.2% 3.8% -47.2% *Developing knowledge about how to do marketing refers to the development of new marketing capabilities, while marketing training involves transferring existing marketing knowledge to employees © Christine Moorman 24
  • 25. Marketing budgets as percent of firm budgets remain above 10% Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 3.4. Marketing budget as a percent of firm budget* 16% 14% 11.4% 12% 10.4% 10.6% 10.0% 10% 8.1% 8% 6% 4% 2% 0% February August February August February 2011 2011 2012 2012 2013 *Question asked in Feb-11 for the first time. © Christine Moorman 25
  • 26. Size of marketing budgets varies: B2B companies, large companies, and companies with weak internet sales show biggest growth Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 3.4a. Marketing percentage of firm budget by economic sector B2B B2B B2C B2C Product Services Product Services February 2012 8.7% 8.2% 16.1% 16.8% February 2013 10.6% 10.1% 16.3% 10.9% Table 3.4b. Marketing percentage of firm budget by company sales revenue <$25 $26-99 $100-499 $500-999 $1-9.9 >$10 Million Million Million Million Billion Billion February 2012 10.7% 12.3% 13.5% 4.7% 6.7% 8.8% February 2013 12.6% 8.8% 10% 7.8% 9.4% 11.5% Table 3.4c. Marketing percentage of firm budget by company internet sales 0% 1-10% >10% Internet Sales Internet Sales Internet Sales February 2012 8.4% 9.5% 18.0% February 2013 10.3% 8.1% 14.4% © Christine Moorman 26
  • 27. Marketing spending as a percentage of firm revenues drops Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 3.5. Marketing spending as a percentage of firm revenues* 12% 11.0% 10% 8.5% 7.9% 8% 6% 4% 2% 0% February 2012 August 2012 February 2013 *Question asked in Feb-12 for the first time. © Christine Moorman 27
  • 28. Marketing spending as a percentage of firm revenues by firm and industry Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 3.5a. Marketing spending as a percentage of firm revenues by economic sector B2B B2B B2C B2C Product Services Product Services February 2012 7.3% 4.8% 13.8% 16.6% August 2012 11.4% 11.9% 9.8% 16.1% February 2013 8.8% 7.7% 9.4% 9.2% Table 3.5b. Marketing spending as a percentage of firm revenues by company sales revenue <$25 $26-99 $100-499 $500-999 $1-9.9 >$10 Million Million Million Million Billion Billion February 2012 11.8% 9.0% 14.7% 1.7% 2.8% 5.2% August 2012 17.8% 10.7% 10.6% 9.4% 6.1% 13.1% February 2013 11.1% 6.0% 8.6% 3.5% 5.5% 6.0% Table 3.5c. Marketing spending as a percentage of firm revenues by company internet sales 0% 1-10% >10% Internet Sales Internet Sales Internet Sales February 2012 6.3% 9.0% 14.4% August 2012 11.0% 9.3% 18.3% February 2013 6.8% 5.7% 13.0% © Christine Moorman 28
  • 29. Topic 4: Financial and Marketing Performance 29 29
  • 30. Company performance on financial metrics holds Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 4.1. Percent change in firm performance in prior 12 months 5.0% 4.8% 4.5% 4.20% 4.0% 4.0% 3.9% 4.0% 3.8% 3.5% 3.3% 3.4% 3.5% 3.3% 3.4% 3.0% 3.3% Firm sales 3.2% 3.0% Firm profits 2.5% 2.7% Marketing ROI 2.2% 2.0% 2.2% 1.8% 1.5% 1.0% August February 2010 August 2010 February 2011August 2012 February 2012 2013 © Christine Moorman 30
  • 31. Key customer and brand assets follow suit Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 4.2. Percent change in company performance on customer and brand metrics in prior 12 months Customer acquisition Customer retention Brand value 5.0% 4.5% 3.8% 4.0% 3.2% 4.1% 3.5% 3.3% 3.3% 3.2% 2.6% 3.4% 3.0% 3.5% 3.2% 2.5% 2.9% 2.6% 2.0% 2.2% 2.0% 1.9% 1.5% 1.7% 1.6% 1.4% 1.0% August August August February August February 2009 2010 2011 2012 2012 2013 © Christine Moorman 31
  • 32. Company performance by sector Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 4.1. Sector performance metrics for prior 12 months B2B- B2B- B2C- B2C- Product Services Product Services Firm sales 4.8% 3.8% 3.0% 5.4% Marketing return on investment 2.9% 3.9% 2.0% 4.2% Firm profits 2.5% 4.5% 3.4% 4.3% Customer acquisition 2.9% 3.5% 2.7% 3.5% Customer retention 1.6% 1.4% 2.1% 3.4% Brand value 2.8% 2.9% 3.0% 3.6% © Christine Moorman 32
  • 33. Firm performance goals remain strong Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 4.2. Company performance and goals Actual firm performance Goal in the Expected change in in prior 12 months next 12 months next 12 months Firm sales 4.2% 7.0% +66.7% Marketing return on investment 3.3% 5.5% +66.7% Firm profits 3.3% 6.6% +100.0% Customer acquisition 3.3% 5.8% +75.8% Customer retention 1.9% 4.7% +147.4% Brand value 3.2% 5.6% +75.0% © Christine Moorman 33
  • 34. Ratings of marketing excellence flat Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Question: How would you rate your company’s marketing • February 2013 : Mean = 4.5 (SD = 1.4) excellence? • August 2012: Mean = 4.4 (SD = 1.4) Figure 4.3. Ratings of marketing excellence in companies 40% 34.7% 35% 30% 25% 20% 18.3% 13.5% 14.1% 15% 10% 9.0% 8.0% 5% 2.3% 0% 1=Very Weak 2=Weak 3=Fair 4=Good 5=Strong 6=A leader but not one 7=Excellent, one of the of the best best in the world © Christine Moorman 34
  • 35. Topic 5: Marketing and Social Media 35 35 35
  • 36. Social media spending growth continues: Expected to be 22% of marketing budgets in five years Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 5.1. Social media spending as a percentage of marketing budgets 25% 21.6% 20% 15% Percentage of 11.5% Total Marketing Budget (%) 10% 8.4% 5% 0% Current Levels Over Next 12 Months In Next 5 Years © Christine Moorman 36
  • 37. Social media spending across sectors Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 5.1. Changes in social media spending across sectors February 2012 B2B - Product 7.5% B2B - Services 9.6% Current Social Media Spending B2C - Product 9.6% B2C - Services 9.9% Overall 8.4% B2B - Product 11.1% B2B - Services 11.8% Social Media Spending in the B2C - Product 13.2% next 12 months B2C - Services 11.4% Overall 11.5% B2B - Product 22.6% B2B - Services 21.2% Social Media Spending in the B2C - Product 24.6% next 5 years B2C - Services 22.6% Overall 21.6% © Christine Moorman 37
  • 38. Social media integration gap not closing Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Question: How effectively is social media Figure 5.2. How well social media is integrated with integrated with your firm’s marketing strategy? strategy 7-point scale (1=not integrated, 7=very integrated) Percent of Respondents (%) Results: Social media remains poorly integrated 25% with marketing strategy: 20% 19.1% • Feb, 2013: Mean = 3.8, SD = 1.9 16.7% • Aug, 2012: Mean = 3.8, SD = 1.9 15.2% 14.5% • Feb, 2012: Mean = 3.8, SD = 1.9 15% 12.8% 11.7% • Feb, 2011: Mean = 3.8, SD = 2.0 9.9% 10% Table 5.2. Integration scores by sector 5% Mean (SD) 0% Feb-2013 1 2 3 4 5 6 7 Not at all Very B2B-Product 3.6 (1.8) Integrated Integrated B2B-Services 4.0 (1.9) B2C-Product 4.4 (2.0) B2C-Services 3.5 (1.7) © Christine Moorman 38
  • 39. Social media metrics: Firms shift toward referral and text measures Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Table 5.2. Social Media Metrics Used by Firms* Notable shifts Metrics August 2010 February 2013 Metrics shift toward: Hits/visits/page views 47.6% 40.9% • Referral measures (friends and Repeat visits 34.7% 24.9% followers, buzz, net promoter score) Number of followers or friends 24% 30.5% • Text analysis measure Conversion rates (from visitor to buyer) 25.4% 21.1% Financial metrics decline: Buzz indicators (web mentions) 15.7% 16.2% • Sales levels, revenue per Customer acquisition costs customer, profits per customer 11.8% 10.2% Sales levels 17.9% 8.7% Other text analysis ratings 6.6% 8.5% Online product/service ratings 8.2% 6.0% Revenue per customer 17.2% 9.2% Net promoter score 7.5% 9.8% Customer retention costs 7.7% 3.0% Abandoned shopping carts 3.8% 2.8% Profits per customer 9.4% 4.5% *Red indicates metric use has decreased; green indicates that metric use has increased. © Christine Moorman 39
  • 40. Topic 6: Marketing Jobs 40 40
  • 41. Marketing hiring remains positive, but slows: B2C-Product companies predict biggest percentage increase Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 6.1. Percentage change in marketing hires planned in next 12 months 8% 7.2% 7% 6.2% 6.5% 6% 5.4% 5.2% 5% Percentage Increase in 4.0% Marketing Hires in Next 4% 12 Months 3% 2% 1% 0% August February August February August February 2010 2011 2011 2012 2012 2013 © Christine Moorman 41
  • 42. Outsourcing of marketing remains flat (3%) Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 6.2. Percentage of company marketing expected to be outsourced in next 12 months 14% 12% 10% 9.3% 8% 6% 4% 4.3% 4.5% 3.5% 3.2% 3.1% 2% 0% August February August February August February 2010 2011 2011 2012 2012 2013 © Christine Moorman 42
  • 44. Where marketing is located in companies: Increase in corporate and field office locations Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 7.1. Location of marketing in companies* August 2012 February 2013 86.2% 85% 79.7% 75% 65% 55% Percentage of Firms (%) 45% 38.3% 35% 30.5% 25% 17.3% 15% 12.3% 10.8% 9.3% 5% Corporate Business Brand/Product Field Offices *Totals across locations may exceed 100% if marketing is in multiple locations © Christine Moorman 44
  • 45. Marketing and sales are equal partners in most companies Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 7.2. The marketing-sales relationship August 2012 February 2013 80% 72.0% 69.2% 70% 60% 50% Percentage of Firms (%) 40% 30% 20% 13.0% 10.3% 10.3% 10% 7.0% 0% Sales & marketing work on an Marketing is within the sales Sales is within the marketing equal basis function function © Christine Moorman 45
  • 46. Product/service organizational structure dominates: Only 26% of firms using customer groups Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 7.3. Organizational structure in companies New question in The CMO Survey 80% 73.5% 70% 60% 50% Percentage of Firms (%) 40% 30% 26.5% 20% 10% 0% Customer Groups Product/Service Groups © Christine Moorman 46
  • 48. What marketing leads Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 8.1. Percentage of companies in which marketing leads activity* Stronger marketing leadership: • Customer service Activity Feb-11 Feb-12 Aug-12 Feb-13 • Stock market performance Advertising 85% 85% 84% 84% Positioning 79% 78% 82% 82% Maintaining marketing leadership: Promotion 81% 79% 84% 82% • Advertising Brand 81% 84% 84% 84% • Positioning Marketing research 73% 71% 75% 76% • Promotion Social media 71% 73% 77% 76% • Brand Competitive intelligence 58% 62% 67% 68% • Marketing research Public relations 65% 53% 61% 61% • Social media Lead generation 53% 53% 57% 56% • Competitive intelligence Market entry strategies 50% 46% 55% 56% • Public relations New products 44% 52% 51% 47% • Lead generation CRM 38% 41% 45% 41% • Market entry Targeting/Market selection 31% 35% 40% 36% Sales 32% 30% 27% 24% Weaker marketing leadership: • New products Pricing 30% 34% 38% 31% • CRM Innovation 33% 39% 37% 35% • Targeting/Market selection Customer service 22% 21% 18% 24% • Sales Stock market performance 0.4% 1.2% 1.0% 2.3% • Pricing *Red indicates marketing’s influence has decreased, green indicates that marketing’s influence has increased, and changes of 1% or less are viewed as no change. 48
  • 49. Marketing leaders retained for 4.8 years Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 8.1. Marketing leader retention Table 8.2. Sector differences in retention (Feb-2013) Years in current role August 2011 February 2012 August 2012 February 201 B2B Product 4.1 12 10.5 B2B-Service 4.7 10 9.5 9.2 8.8 B2C-Product 4.8 8 B2C-Service 4.8 Years 6 5.4 4.8 4.3 4.1 4 2 0 Top marketer time in current role in the firm Top marketer time in any role in the firm © Christine Moorman 49
  • 50. Marketer influence drops Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 8.2. Number of people reporting to top marketer Direct reports Indirect reports 30 25.4 24.6 25 20 17.5 17.0 15.4 Number of Reports 15 10 8.6 5 7.2 7.3 6.0 5.6 0 August August February August February 2010 2011 2012 2012 2013 © Christine Moorman 50
  • 51. Best Practice from Marketing Leaders: See full interviews at www.cmosurvey.org/cmo-insights/ Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Senior Vice President and Chief Marketing Officer Beth Comstock discusses how GE approaches marketing: “You have to create a platform that invites innovative ideas.” This platform involves four capabilities that have produced an array of new products, services, customers, and business models. Chief Marketing Officer Kim Feil discusses how she built a marketing function. From insights to accountability, she describes the organization, processes, metrics, and talent management strategies important to this effort. Executive Vice President and Chief Marketing Officer Geert van Kuyck shares ideas on building the essential skill set for CMOs and the importance of defining the CMO’s mission. He discusses the use of the Net Promoter Score and other metrics to evaluate business results at Philips, touching on Philips’ engagement with LinkedIn and social media metrics. Executive Vice President and Chief Marketing Officer Stephen Quinn describes how Walmart rebuilt its customer focus. Key steps involved harnessing internal support, generating market insight, using customer-focused metrics, living the brand internally, and building marketing talent. Global Marketing Officer Marc Pritchard shares his viewpoints on how marketing contributes to P&G’s performance. He talks about how P&G learns about customers and how it is relentless in its attention to building loyal customers and strong brands in the store, on the web, and around the world. © Christine Moorman 51
  • 53. Spending on marketing analytics expected to increase 66% in three years Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 9.1. Percent of marketing budget spent on marketing analytics 12% 10% 10% 8% 6% 6% 4% 2% 0% Current Levels In Next 3 Years © Christine Moorman 53
  • 54. Spending on marketing analytics by firm and industry characteristics Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Table 9.1a. Firm sector differences Table 9.1c. Firm size differences In Next In Next Current Current 3 years 3 years B2B-Product 5.4 9.1 <$25M 5.2 9.2 B2B-Service 6.5 11.6 $26-99M 4.7 9.0 B2C-Product 5.4 9.9 $100-499M 5.8 9.1 B2C-Service 6.7 9.6 $500-999M 7.7 12.3 $1-9.9B 6.8 10.5 Table 9.1b. Firm internet sales differences $10+B 9.1 13.7 In Next Current 3 years 0% 5.3 9.4 1-10% 6.2 10.6 >10% 6.8 11.0 © Christine Moorman 54
  • 55. Most projects fail to use marketing analytics; worsening trend as big data grows Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 9.2. Percentage of projects using marketing analytics in companies 50% 45% 40% 37% 35% 35% 30% 30% 25% 20% 15% 10% 5% 0% February 2012 August 2012 February 2013 © Christine Moorman 55
  • 56. Majority of companies do not evaluate marketing analytics Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Figure 9.3. Does your company formally evaluate the quality of marketing analytics? August 2012 February 2013 70% 60.2% 60% 53.2% 50% 46.8% 39.8% 40% 30% 20% 10% 0% Evaluate quality Do not evaluate quality © Christine Moorman 56
  • 57. Contribution of marketing analytics to company performance drops Marketplace Growth Spending Performance Social Media Jobs Organization Leadership Analytics Mean contribution of marketing analytics to company performance on 7-point scale:  February 2013: 3.7 (SD = 1.9%)  August 2012: 3.9 (SD = 1.9%) Figure 9.4. To what degree does the use of marketing analytics contribute to your company's performance? 25% 21.1% 20% 17.8% 16.3% 16.7% 15% 11.5% 9.6% 10% 7.0% 5% 0% 1 Not at all 2 3 4 5 7 6 Very Highly © Christine Moorman 57
  • 58. The 2013 CMO Survey Award for Marketing Excellence – Overall Winner Participants were asked to nominate a company in response to the question: Which company across all industries sets the standard for excellence in marketing? Apple, Inc. © Christine Moorman 58
  • 59. The 2013 CMO Survey Award for Marketing Excellence – Industry Winners Participants were asked to nominate a company in response to the question: Which company in your industry sets the standard for excellence in marketing? Procter & Gamble General Electric IBM (Consumer Packaged Goods: Non-food) (Manufacturing) (Technology Solutions/Consulting) Google The Coca-Cola Company (Services) (Consumer Packaged Goods: Food) © Christine Moorman 59
  • 60. Preview Next survey: The CMO Survey will be administered in July 2013 To participate: Sign up at http://www.cmosurvey.org/participate/ Media: Press releases and coverage will be posted to http://www.cmosurvey.org/category/news/ Feedback: Send comments to moorman@duke.edu © Christine Moorman 60