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1 of 13
David Edelman
Financial Times Future of Marketing Summit
2
3
Influenced by online research
and prior product sampling/trial
Brands
Influenced by friends, suggestions
and reading materials on benefits
Brands Added
Decision based on information
learned before shopping
Brands Evaluated
Engages with their brand after their
initial purchase, retaining relationship
Consumer Enjoyment
Purchases and promotes only
the brand and it’s products
Loyalty
4
5
70%10%
0% 100%
Best in class
Bottom quartile
No agreement on platforms and messages;
so we have many fragmented efforts
ALIGNMENT
What percent of our senior marketing
managers can articulate the performance
goals for our top five digital KPIs?
6
What percent of your marketing
programs have online and offline
components?
Digital silos in social vs. display vs. search
Conflicts between marketing vs.
customer service vs. PR vs. Legal
Rivalry among BUs for control
COORDINATION
80%10%
0% 100%
Best in class
Bottom quartile
7
How long does it take to fill a
director-level position in a digital
group once it is posted
externally?1
The best talent goes to agencies or start-ups
ACCESS TO TALENT
3 months1+year
Best in class
Bottom quartile
1 Reporting to a functional lead in your digital marketing group
1 Reporting to a functional lead in your digital marketing group8
For what percent of your digital
spend can the impact be directly
measured with an ROI?
We can’t measure the ROI of digital, so we can’t
shift money from traditional media
BUDGETING
85%10%
0% 100%
Best in class
Bottom quartile
What percent of your digital customer
interactions are targeted/personalized?
In TV, one ad reaches 100 million consumers; in
digital, 100 creative treatments each may reach
10% of that audience
TARGETING
What percent of your
campaigns include test cells?
80%0%
70%None
0% 100%
Best in class
Bottom quartile
10
What percentage of your digital
campaign budget can be re-
allocated during a campaign?
Once we plan a marketing cycle, resources are
locked in
FLEXIBILITY
1 day1 month
How much time does it take to get and react
to digital campaign performance data and
appropriately adjust the campaign
(e.g., modifying, re-scheduling, canceling)?
80%50%
0% 100%
Best in class
Bottom quartile
Cross-functional alignment:
on CDJ, on digital strategy, on goals1
Project management support
with engaged Executive Steering Committee2
Talent development and recruitment imperative:
analytics, experiential design, mindset evolution3
Responsive flexibility:
to the market, to results, and to evolution of customers4
Test and learn:
relentlessly part of the operational DNA, cultural shift5
11
How should we articulate, measure, and enforce the
standards of a digital brand experience?
Brand
steward
Execution
supporter
Facilitator
External
connector
Talent
developer
Are there shared services that all agree would be
truly globally scalable?
Are there more cost-effective ways to fund, pilot and
propagate best practices, training, and consistent
approaches across the enterprise?
Is there value to having a central scout that scans
externally for new technologies, partners,
approaches, and seeds them back into the business?
How do we help the enterprise retain and
attract the right talent?
12
13
Staying Connected
Global Co-Leader, Digital Marketing Strategy Practice
David_Edelman@mckinsey.com @davidedelman
Follow me on LinkedIn’s Social Media Channel to learn
more about social media, big data and analytics, and consumer research
www.cmsoforum.mckinsey.com www.youtube.com/McKinsey
CMSOForum

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It's All About the Customer Journey

  • 1. David Edelman Financial Times Future of Marketing Summit
  • 2. 2
  • 3. 3 Influenced by online research and prior product sampling/trial Brands Influenced by friends, suggestions and reading materials on benefits Brands Added Decision based on information learned before shopping Brands Evaluated Engages with their brand after their initial purchase, retaining relationship Consumer Enjoyment Purchases and promotes only the brand and it’s products Loyalty
  • 4. 4
  • 5. 5 70%10% 0% 100% Best in class Bottom quartile No agreement on platforms and messages; so we have many fragmented efforts ALIGNMENT What percent of our senior marketing managers can articulate the performance goals for our top five digital KPIs?
  • 6. 6 What percent of your marketing programs have online and offline components? Digital silos in social vs. display vs. search Conflicts between marketing vs. customer service vs. PR vs. Legal Rivalry among BUs for control COORDINATION 80%10% 0% 100% Best in class Bottom quartile
  • 7. 7 How long does it take to fill a director-level position in a digital group once it is posted externally?1 The best talent goes to agencies or start-ups ACCESS TO TALENT 3 months1+year Best in class Bottom quartile 1 Reporting to a functional lead in your digital marketing group
  • 8. 1 Reporting to a functional lead in your digital marketing group8 For what percent of your digital spend can the impact be directly measured with an ROI? We can’t measure the ROI of digital, so we can’t shift money from traditional media BUDGETING 85%10% 0% 100% Best in class Bottom quartile
  • 9. What percent of your digital customer interactions are targeted/personalized? In TV, one ad reaches 100 million consumers; in digital, 100 creative treatments each may reach 10% of that audience TARGETING What percent of your campaigns include test cells? 80%0% 70%None 0% 100% Best in class Bottom quartile
  • 10. 10 What percentage of your digital campaign budget can be re- allocated during a campaign? Once we plan a marketing cycle, resources are locked in FLEXIBILITY 1 day1 month How much time does it take to get and react to digital campaign performance data and appropriately adjust the campaign (e.g., modifying, re-scheduling, canceling)? 80%50% 0% 100% Best in class Bottom quartile
  • 11. Cross-functional alignment: on CDJ, on digital strategy, on goals1 Project management support with engaged Executive Steering Committee2 Talent development and recruitment imperative: analytics, experiential design, mindset evolution3 Responsive flexibility: to the market, to results, and to evolution of customers4 Test and learn: relentlessly part of the operational DNA, cultural shift5 11
  • 12. How should we articulate, measure, and enforce the standards of a digital brand experience? Brand steward Execution supporter Facilitator External connector Talent developer Are there shared services that all agree would be truly globally scalable? Are there more cost-effective ways to fund, pilot and propagate best practices, training, and consistent approaches across the enterprise? Is there value to having a central scout that scans externally for new technologies, partners, approaches, and seeds them back into the business? How do we help the enterprise retain and attract the right talent? 12
  • 13. 13 Staying Connected Global Co-Leader, Digital Marketing Strategy Practice David_Edelman@mckinsey.com @davidedelman Follow me on LinkedIn’s Social Media Channel to learn more about social media, big data and analytics, and consumer research www.cmsoforum.mckinsey.com www.youtube.com/McKinsey CMSOForum

Editor's Notes

  1. Hello.
  2. The Customer Decision Journey drives our spending beyond “advertising”Consider, Evaluate, Buy, Experience, Advocate and BOND
  3. So what could marketing spend look like for one campaign across this journey?(Talking about marketing spend across the whole journey)As you can see, digital touchpoints are playing a huge role throughout the journey.
  4. DataUnderstand the consumer’s complete context to drive real-time decisionsNew tools can track across touch points anytime, anywhereDesignWhat is the flow of the journey likely to be?What will inform the kind of touches and messages that will affect them?DeliverySmart, iterative, cross-channel and real-timeFocus on customer intelligence, campaign planning, content supply chain, performance tracking, agency management and service support