40 things you should know about strategy and marketing (and no it’s not lead generation, positioning, branding or selling)

  1. Yes, both need your full input as well as the input and buy in of others in the firm
  2. No, you can’t avoid discussing the issues with those above and below you
  3. No, marketing is not sales and promotion, it is about creating a culture that excels at delivering customer value
  4. No, culture is not a gooey abstract that stinks of consultant speak-a marketing culture has the most significant impact on firm performance of any variable
  5. No, you cannot fix your problems by hiring marketing or other admin staff
  6. Yes, your customers do care about service and you should ‘trouble’ them to get systematic feedback
  7. Yes, marketing is everyone’s job, and no, that doesn’t mean promotion or social media
  8. No, one off training courses will not change people’s behaviour
  9. Yes, strategy and marketing are closely intertwined and one without the other is like steering a ship without navigation
  10. No, improving your presentation skills won’t improve your firms ‘marketing’
  11. No, branding is not about a new logo and web site
  12. Yes, branding is about values, mission, strategy etc and involves all people who interact with customers
  13. No, strategy is not about positioning and the ‘five forces model’
  14. Yes, strategy is about value, customers, capabilities, today, the future, and change
  15. No, you don’t need a strategic plan
  16. Yes, you do need a strategy
  17. No, marketing is not a cost, it is an investment
  18. No, you shouldn’t make strategy and marketing decisions without sound knowledge of your internal and external market place
  19. Yes, you should try to measure the ROI on discrete marketing activities
  20. No, you cannot measure the ROI on marketing as whole (the ultimate measure being firm success)
  21. Yes, strategy and marketing initiatives should make a difference
  22. No, planning and execution cannot be separated
  23. Yes, culture does matter in Asia
  24. Yes, marketing and sales need to be integrated
  25. Yes, marketing metrics will tell you how your firm will perform tomorrow, financial metrics tell you how you did yesterday
  26. Yes, strategy and marketing should create differentiation
  27. No, branding, strategy and marketing are not separate issues
  28. No, strategy is not about finding a unique position in the market, it is about being change capable and responsive
  29. Yes, marketing and innovation are empirically linked
  30. Yes, marketing and knowledge are inextricably linked
  31. No, KM is not the sole domain of KM people in the firm, assuming you have any
  32. Yes, strategy and marketing are about learning
  33. No, a SWOT analysis is not the essence of strategy
  34. No, coming up with a ‘strategy’ and then informing your people is not the way to go
  35. No, using an ad agency is not the way to go about a re-branding process
  36. No, the people in your firm probably don’t think as you do and don’t know everything about the firm’s purported strategy
  37. Yes, research is an integral part of the strategy and marketing process
  38. Yes, marketing and collaboration go hand in hand
  39. Yes, if you want behaviour change to align your strategy and marketing efforts, archaic remunerations systems and KPIs must change
  40. No, the people in your firm won’t care about any of this unless you give them a reason to!!!

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