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corporate strategy | davidpoulos.com

Tag: corporate strategy

  • You Gotta Have A Plan!

    You Gotta Have A Plan!

    After thirty years of helping commercial companies and non-profit organizations enhance their effectiveness through high-impact marketing efforts, we’ve seen some patterns develop. It appears that there is a correlation between how effective these companies’ marketing efforts are, and wait for it, the specificity and thoroughness of their marketing plan. It’s not budget, it’s not necessarily vision, it’s not brilliance in creative execution – it’s how well they draw up a plan and stick to it.

    Imagine a fighter pilot, maneuvering a $150 million aircraft (small one), randomly, changing course whenever clear skies present themselves, dropping ordnance on whatever targets strike his fancy. He might hit the assigned target, at the right time, in league with others also scheduled to attack that target. But the odds drop precipitously with each misguided maneuver and missed “opportunity” bomb dropped on his way there. That’s how some companies run their marketing operation, wandering from media outlet to outreach platform to new endeavor, without ever consulting the plan, if one even exists. This kind of rudderless marketing is nearly always doomed to failure, and results from a lack of vision, lack of discipline, lack of planning.

    The best way to avoid this is to actually go through the often painful but always beneficial exercise of creating a specific, measurable, organized, well-researched and grounded marketing plan, and disseminating it to EVERYONE, so that all stakeholders are in sync and can be involved in carrying it out in an informed way. Make a plan, stick to it, carry it out aggressively, and measure your results routinely, and you’ll be pleasantly surprised how much more successful your efforts will be.

    There are loads of publications, books, blogs etc out there to help you with this task if you are a young start-up with no experience at planning. Each one is different, each is unique, but each share several key elements, including measurable specific goals, time milestones, assigned responsibilities, and available resources. Fully complete plans include media choices for outreach advertising and PR activities, brand characteristics, audience profile, media schedules for placements, creative cues for progressive campaigns, drop dates for mail, e-mail, and designated resources and personnel for all tasks including social media activity.

    Big job, but one that not only saves time and money over the year by reducing missteps and waste, and one that removes the guesswork and allows everyone to move forward confidently and aggressively toward achieving the goal. How simple is that? Apparently not very, based on a resent study showing that nearly 40% of businesses with over 20 employees have no written marketing plan!

    If you need help, get it. If you can’t find it within, hire it! If you can’t stick to it, post it and have someone else hold you accountable. Ultimately, it’s plan now, or pay later – your choice.

    If you agree with these assertions (or disagree) drop me a line and let me know what you think. If you found it valuable, subscribe to this blog above, and be sure to pick up your copy of  “The Marketing Doctor’s Survival Notes” 

     

  • Planning Tools You SHOULDN’T Use

    Planning Tools You SHOULDN’T Use

    Hopefully, if you’re a corporate marketer, brand manager, Marketing Director or Manager, you and your organization have a marketing plan that is reviewed every 4 months and updated, adjusted, reworked to maximize return on investment and protection and polish of the brand.

    If you don’t, you’d better get one.

    Most folks work toward having that plan include several different ways to measure their progress or success, often on a monthly or quarterly basis. Good for them. Not everything is directly measurable, but there are some indirect measurements you can use to gauge your effectiveness. Use them. Always.

    For those of you forming a plan, here’s a few common things that marketers face when crafting a plan internally. Picture the planning meeting, and get a good bead on the personnel included in that meeting. These are things you shouldn’t succumb to from those in that meeting:

    5) “We did it last year and it worked.” Marketers are supposed to be innovative, progressive, forward-thinking. Before you even get to the “and it worked” part, you should have a response ready that shoots this down. If you’re not moving forward you’re going backwards. Its a new year, use it.

    4) “Our competitors did it last year, and it worked.” See above, plus how do you know if it worked? Unless you have espionage reports from inside the competing firm, you’re guessing. Plus, if you’ve stooped to the level of stealing from your competitor, why bother planning at all, just steal theirs.

    3) “We don’t need new research, we know our customers.” Contrary to popular belief, your “gut” is not a primary research method, and won’t yield adequate or accurate data on your customers unless you have only one – you. Field intelligence is invaluable in helping to shape perceptions generated by research data, but if you use it as the basis of your planning, you’re missing a large part of your potential customer base. Why guess, when you can KNOW.

    2) “Customer Service only deals with whiners, we don’t need to include their data in the plan.” CSRs and receptionists who answer the phone are a major source of information on your brand perception and characteristics. They are also key sources of information on the clarity, transparency and effectiveness of your sales promotion efforts. When the complaint call volume rises, it does so for a reason. Find out why, and fix it. Then take the list of those affected, and send them something nice, and ask them to tell their friends how nice you’ve been. Converting complainers to evangelists is a very effective way of expanding your reach and polishing your brand. Listen to the CSR traffic and respond quickly, include that metric in your plan.

    1) “We don’t have results yet, but it looks like it’s working.” Some initiatives take longer than others to bear fruit. Unless you’re a start-up, you have at least some transactional data to work from, and can project results from that to gauge effectiveness of your previous efforts. If you really can’t get a bead on the impact of a campaign, don’t build your new initiatives based on that one – you could end up throwing good money after bad. Your plan needs to be broad spectrum enough and flexible enough to work around such issues without affecting the whole program.

    Now that you’ve killed off all the bad ideas in the meeting, you can entertain the new, innovative and intriguing ones that you’ve forced everyone to come up with by taking away their crutches.

    If you liked the thoughts presented here, find the best tools for marketing planning in my book, “The Marketing Doctor’s Survival Notes”