Over a period of six years, an established high-tech company has seen five reincarnations of its global marketing organization. With each new senior marketing executive has come a new interpretation of the company's mission and vision, followed by new attempts to tune market positioning and overhaul sales tools.
Each change in leadership has also led to terminating relationships with existing consultants and agencies as entering executives introduced new players to the scene.
Such organizational instability sabotages the company's market messaging. The company expends inordinate amounts of time and money on repeatedly reinventing itself—while confusing its industry, customers and employees.
Good marketing programs that took months to implement are discontinued or flounder just when primed to yield results. A strong foundation from which to grow marketing momentum never sets. Resources are diverted to start anew year after year after year.
Needless to say, the company underperforms and suffers eroding revenue. Customer churn is high. New marketing initiatives are met with external skepticism and internal indifference.
Along with the largely cosmetic changes to product packaging, the company's R&D and customer service are among the many constituencies that turn a deaf ear.
The penchant for dramatic change that new marketing executives want to bring to their position can be unwittingly detrimental to a company's success. Even when a need for change is evident, new executives would better serve their organization with more objective assessments and value-based retention of the inherited marketing landscape.
Costly Career Climbs
Take the first step (it's free).
You may also like:
- 2020 CMO Predictions From Marketing Influencers [Infographic]
- How Small Businesses Can Hit a Home Run This Holiday Shopping Season
- The Formula for a Can't-Fail Message Strategy (And Why Creativity Isn't Enough)
- Customer Analytics and Data Privacy Laws: On a Collision Course?
- Three Marketing Mistakes That Are Costing E-Commerce Companies Revenue