I sense an eerie (and I think false) sense of security from marketers as they enter 2010 planning, that the worst is behind us, we can forecast 1-2% GDP growth for the next 12 months, and the Fed has the financial crisis under control.
After meeting with a regional retail bank, a Fortune 500 CPG company, and a host of planning executives last week, I’m almost frightened by the sense of stability I see in 2010 plans. The picture is not rosy, certainly, but it assumes stability. We seem to have checked any Black Swan thinking at the door. How the economy recovers, its precise trajectory, and changes in consumer behavior are far more volatile than the stability many marketers are putting into their plans. And let’s be honest – too many of us leave those plans on the shelf for 12 months without revision. Read More »