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Budgeting / Resource Allocation

Cornerstones

Are You Removing Mountaintops to Squeeze Savings from Your Agencies?

MTR1

Mountain: Post-Mountaintop Removal

2009 was a year of taking sledgehammers to budgets, not least agency spend.  Many marketers have relied on the equivalent of mountaintop removal to get at those agency savings.  They’ve launched agency reviews or have consolidated agency relationships.  These approaches are imprecise, crude and unsightly—but can be effective in reducing spend. 

However, most of these marketers will be under continued budget pressure in 2010.  The problem with mountaintop blasting is that, once you do it, you can’t play that card again (uh, the top of the mountain is gone).  So what are marketers to do to find additional cost savings that won’t harm communications quality?  Read More »

Cornerstones

2010: Year of the Re-Org

Org Wire DiagramAs followers of the Chinese Zodiac prepare to usher in the year of the tiger, marketers appear to be ushering in the year of the re-org.  Having seen their markets soften, crumble, and begin to show signs of life—all in the last 18 months—marketing leaders are rethinking the organizations they’ve built.  Even if the basic structures we’ve built appear to be viable, new segments need to be addressed and  new teams need to be formed to address markets that look very different from the ones that we faced just two or three years ago.    

Unfortunately, many of the marketing reorganizations that will kick off in 2010 will take a year or two to implement.  Right around the time that key players settle into their new roles, teams start to gel, and new processes start to fire on all cylinders, market conditions will have changed, and it will be time to start all over again.  Read More »

MarketPulse

Marketing Budget and Spend | The Heat Is (Still) On

coin stacks finalThe economic outlook has forced most marketers to make some of the toughest resourcing decisions of their professional lives. But this is all going to get easier next year, right? Not really. Findings from our 2009 Marketing Investment Benchmarks Survey reveals that marketers do not expect their companies to loosen their purse strings in 2010.

Results from our tenth annual survey show that in 2009, spend on channels conducive to driving consideration (website, social media, direct mail, PR) held flat or grew; while spend on channels that primarily drive awareness (broadcast, print, online display ads) declined in comparison to 2008. The question we asked was what is driving this trend? Read More »