He goes, go get the umbrellas. Andrés stayed at the pan, cooking through the downpour while the crowd slowly circled back. Champagne came out, people laughed in the rain and a messy situation turned into a shared memory. That scene showed the group what the company does best.
Too many CMOs have been doing the business of marketing, which is the role of a VP of marketing. The business of marketing is doing campaigns, managing channels, communications, engagements, and brand. The role of the CMO should be to do the business of the company: vision, deciding where the company is going, what the company stands for, and how it grows.
CMOs sit at the apex of brand, revenue, customer experience, technology, product, sales and data. Yet they're spending less time in top jobs. The average tenure of a CMO at a Fortune 500 company is now just 3.9 years. Furthermore, fewer Fortune 500 companies are employing marketing executives who report at a C-suite level; these once all-important roles are being absorbed and redistributed to chief customer and chief growth officers.
Nobody's asking this question. Nobody's saying, 'hey, what's going on over there at WPP?' It's just not happening. Most have no idea it's even happened. They don't read the trades. They hear about this stuff through consultants, or when an agency review forces them to run the rule over who they're working with.
Nearly half of 15,639 adults from 16 countries surveyed by VML's research practice Sonar put the high cost of living in the top five problems facing society, while 86% said they find that people are more divided and unwilling to listen to one another. Nearly two-thirds say they sometimes struggle to find meaning in the day-to-day. But consumers are choosing to feel optimistic.
