Emerging business & the evolution of Marketing 2.0

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Emerging business & the evolution of Marketing 2.0

magazine.seat2meet.com

source: magazine.seat2meet.com

The success of digital media has made the inevitability of change so frequent that it’s hard to avoid getting disrupted. As a matter of fact, disruption is happening rapidly than the change itself. A digitally integrated business model, re-designed approach to engage customers, and lucid view of customer experience has made pivot an integral part of a business process. And, marketing is one function where the heart of digital pivot lies. The traditional approach of “Push” marketing no longer works in contemporary model. Marketing is undergoing an evolution that impacts startup and emerging businesses much more than anything else. Marketing has become more than marketing, something that requires opposing skills to succeed. And, it’s challenging for a startup or emerging business to retain skill specific plethora resources.

While, every business is aware of the change but not everyone knows the way to harness it. To succeed, a business need not require innovate every time, but make practical use for new innovations. The pragmatic utilization of innovation depends upon the knowledge of your team. It is not enough to be aware of jargons like big data, strategy, customer experience, digital marketing et al, but of knowledge on how to leverage them in best interest of your business. The best way to gauge that gap is to look at your executive team. If you still find them talking and fighting the last war over again than planning for tomorrow then there are some serious gaps to mend.

The evolving marketing function, or Marketing 2.0 as we say, spans across technology, operations, strategy, customer, sales, and organization. A business needs to integrate them to be able to manage integrated marketing process, something where customer-centricity is at core. It has become real-time, co-creating, and iterative. The success of digital technology has made the decision making pyramid flat. Todays’ marketing is no longer sequential, but fluid and dynamic. The accountability of a business’ success hinges upon marketing these days. Modern CMO isn’t a “Chief Marketing Officer”, but “Collaborative Marketing Officer”.

The modern marketing challenges has given birth to a new breed of service called “Marketing Process Outsourcing”. This acts as a holy grail for startup and emerging businesses that don’t have fat pocket but deep ambition to succeed. Marketing today is like undergoing a surgery, you can’t expect to hold the scalpel in your hand. It’s time to pass on the baton called scalpel to be able to become future ready.

About the Author: Sushant comes with more than a decade of experience around consulting entrepreneurs around functional strategy & planning; helping them establish a profitable business venture. He could be reached at LinkedIn or at contact@366pi.com.

By | 2017-01-10T19:26:05+00:00 April 9th, 2015|Blog|0 Comments

About the Author:

I am an Entrepreneur by passion, Management Consultant by profession, Business Adviser by skill, and a Mentor by choice. I am a Management (MBA) grad and worked larger part of my career as an Independent Consultant with clients across the globe. As a Consultant my role has always been to plan and execute strategic business initiatives for companies looking to surpass the threshold at an inflection point. My focus primarily spread across following areas: Business Planning, Strategic Planning, Market Strategy, and Product Management. I have helped vast pool of clients with business investment activity and none of my business plans have ever failed to raise an investment. My Investment raising experience range from US$ 2 million to US$ 80 million. As a Business Adviser I've worked on few niche areas like Blue Ocean Strategy, Business Model Integration, Social Media Planning, Business Launch Strategy, Brand Planning, and Integrated Market Planning. I have always been an active member and knowledge contributor on Social Media and you can find my notes on relevant LinkedIn groups, open platform like Quora, in 140 characters on Twitter, and Company and SkyPiCast community page on Facebook. I am a voracious reader, silent speaker, loud writer, and an avid listener. You can easily find me writing too many blogs on my business' website. I appreciate creativity and innovation with lead by example attitude. As an Independent Consultant I always wanted to create success stories which I could share with people as my own. Hence, I Co-Founded a consulting business and top it up with a Tech venture. I am equally optimistic about continuing my success stories under the name of 366Pi group of companies. I trust I will be able to contribute to my clients' success as I always used to and look forward to networking and talking with fellow members.