Posts tagged with M3

m3 model

First we defined modern marketing, now we can train you in it

If you’re interested in what marketing is today, you may have already seen our Modern Marketing Model (M3).

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trap

Frontline contact with the consumer is still the foundation of good marketing

Today’s marketer has ever more choices to make, detail to master and technical skills to be on top of, in terms of how they execute their plans.

From the the myriad of clever ways in which you can use use the internet to conduct fast, large-scale quantitative customer research and then sophisticated analytical techniques to cut up the data, through the micro-targeting of online campaigns, to the demand for instant measurement of results, the complexity is mind-boggling.

It’s a far cry from my start in marketing in the early 1990s at a pre-internet P&G.

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m3 model

Why modern marketing is as much about mindset as technical skills

A lot of attention is given to the need for marketers to become more technical.

You've seen all the stats about CMOs outspending CIOs, the importance of analytics in every job description, and the predictions from no less revered a source as Econsultancy's founder on how important AI and machine learning are to the future of business.

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org structures

The six types of marketing org structure

How should a modern marketing department be structured?

This is a bit of a rhetorical question, partly because there is no one-size-fits-all answer (hang in there, there will be some actual, proper content in this article) and partly because Econsultancy has already made a decent fist of answering this question (but you'll have to subscribe to download our truly excellent and detailed new report, A Guide to the Modern Marketing Model and Organisational Structures).

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modern marketing model

CMOs must adapt to modern marketing (or risk becoming a footnote)

I don’t envy CMOs.

Their job is to be adaptive to an environment of continual change, to differentiate between what’s useful and what’s just a fad, and, most of all, to be generalists in an increasingly complex industry.

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m3 model

What ‘data’ competencies does a modern marketing function need?

In our Modern Marketing Model (M3), ‘Data & Measurement’ is arguably the only completely new element introduced compared to previous models like the 4Ps. As it is new it is the least well understood and scoped. 

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m3

Video: Ashley Friedlein explains Econsultancy's new Modern Marketing Model (M3)

In October 2017, founder of Econsultancy Ashley Friedlein unveiled our Modern Marketing Model (or M3).

Friedlein gave the following rationale for the model: 

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