How can the CMO drive business growth and profitability?

Did you know that marketers influence and drive your organizations business strategy as well as the marketing strategy?  The Chief Marketing Officer (CMO) does this through their broad skill sets and competencies, the ability to think with a growth and commercial mindset, focusing on where to play and how to win. Today’s businesses need growth, whether that is though new markets, new products, or services or through new targets. They can forge the path forward for organizations, as marketers hold the keys to customer insights, turning these from insights into commercially viable concepts and strategies. 

Over the years with more content marketing, we have seen the marketer’s role diminish and become the communications department. What we are now seeing is a shift to data analytics, as we can track and analyse consumer behaviour in real time. This is allowing a more data driven approach that enables marketers to make an informed decision, continuously optimise campaigns and make personalised customer experiences. Coupled with data and insights, where market success hinges on emotional connections, the CMO emerges as the architect of positioning and differentiation. 

In the ever-evolving landscape of business, the role of the CMO has transformed from solely focusing on the tactical aspects of traditional marketing to playing a crucial role in the overall corporate strategy, in turn being the keystone to driving business growth. Skilled in storytelling, the CMO controls narratives and maintains communication across diverse touchpoints from traditional to digital and experiential marketing. These skills are pivotal to creating enduring customer relationships.