Game of the CMOs - Aligning with Peers
Prasenjit Roy (He/Him)
Business Transformation Thought Leader @ NTT DATA India I APMP India Advisory Board Member I Council Member & Past Chair of Sales & Marketing Council@NASSCOM I Gen AI Evangelist I Corporate Strategy I Visiting Faculty
CMOs aiming for a leadership role in the organization must align themselves with other functional heads to ensure better alignment with the business. There is a great opportunity to learn from your peers across functions and across geographies and contribute wherever you can. By helping them to achieve their organizational objectives, the CMO tends to gain an understanding of their functions and builds credibility and respect with them. The CMO relies on the CFO for his budget requirements and the CIO for technological implementations; hence, he/she must develop good and mutually beneficial relationships with these functions.
Finally we come to the question – How can a CMO aspire for the top role (C-Suite) in an organization? The answer is simple – by building a strong marketing function, and being proactive about networking with peers and industry experts. By aligning their goals (professional and personal) with business leadership skills, CMOs can leave a mark on not just the C-Suite executives but also the CEO himself. A CMO’s relationship with the CEO must evolve from being a “trusted second in command” to that of being a “partner in progress”. In his new role as a partner in progress, the CMO must guide the CEO on the importance of customer centricity, developing strong brands, identifying and tapping new opportunities, fostering innovation, new market exploration and marketing excellence.
With the growing role of a CMO as a strategist, the Board has started looking to him to bring in a fresh breath of air for lateral and creative thinking into the boardroom that till now is governed by traditional and structured thinking pattern.
Be confident, be hungry for more, be consistent
“It’s not about how to get started; it’s about how to get noticed.”
If you are one of those CMO’s who aspires to be in a C-Suite role, you will need to show how your function (i.e., marketing) infiltrates every aspect of the organization’s profitability and viability. You will need your persuasive and influential powers to show the stakeholders how marketing is integral with corporate success.
And as the role of marketing continues to evolve and transform, many CMOs will find themselves taking on greater leadership and responsibility for continued growth and exerting more influence over strategy. There is a clear and defined route to the top but reaching it will depend on a CMOs ability to position and ready himself/herself for the role.
[1] Source: The Evolved CMO – A joint research project by Forrester Research and Heidrick and Struggles
Helping GSI Partners lead Digital Transformation with Pega Solutions | Top 100 Martech Leader Awardee
8 年Great thoughts Prasenjit Roy. Very true CMOs are evolving as Strategists and are becoming trusted advisor to CEOs. But it will be a journey for a CMO while he gains trust of CEO & Board, while he can show the great outcomes from the initiatives & related it to business growth.
Masters in Marketing Management (MMM) at Jamnalal Bajaj Institute of Management Studies
8 年A very good post Prasenjit. CMO has a lot of dovetailing to do with the product head for all the technical characteristics of the products, and with product delivery system. Rest all could be taken care of by cinventional mareting links with other departments incl. as you have rightly mentioned the Finance, HR, IT, Legal & Process.