Marketing Leaders Success Guide: 500+ Executives Share Strategies & Insights for 2023 [New Data]
Marketing executives and leaders in 2023 focus heavily on customer-centric strategies while adapting to economic uncertainties. Here's a comprehensive analysis of their priorities and strategies:
Key Goals & Strategies:
- Developing deeper customer connections is the top priority
- Improving sales/marketing alignment
- Boosting revenue and building customer relationships
- Providing exceptional customer experiences
- Implementing omnichannel marketing approaches
Marketing Leaders' KPIs:
- Sales performance
- Customer retention rates
- Marketing ROI
- Brand awareness
- Organic traffic/SERP rankings
Major Challenges:
- Pivoting strategy due to major events
- Hiring top talent
- Generating revenue
- Increasing competition
- Measuring marketing ROI
Recession Preparation:
- 80% of leaders have taken preparatory steps
- 49% expect impact on marketing activities
- Mixed approach: 36% plan to increase marketing scope, while similar numbers plan reductions
- Focus on earned media and automation to reduce costs
- Most likely budget cuts: paid social media, organic social content, print ads
Career Growth Strategies: Top skills for marketers:
- Social media marketing
- Data analysis
- CRM proficiency
- People management
- Strategic planning
Leadership traits valued:
- Communication skills
- Problem-solving ability
- Critical thinking
- Creativity
- Adaptability
Workload & Management:
- Average leader manages 5 marketing teams
- 7 campaigns per quarter (expected to increase to 9 in 2023)
- 70% report high workload
- 40% expect increased workload in 2023
Success in marketing leadership requires balancing customer needs, team management, and adaptability to change while maintaining focus on core business objectives and ROI.