Marketing Metrics --Using a Dashboard

Great article to help you determine if you need an oil change, or if you need to fill up your tank..Its about creating a dashboard...what too many people automatically interpret as a software application...but it can simply be a "thought process"..read the whole article!

oes your company suffer from any of these symptoms?

• Marketing is not seen as having a direct impact on the organization's financial performance.
• Functional silos within marketing seem to be operating independently and fighting for budget dollars and attention.
• With the swarm of marketing initiatives, no one is clear on which ones are really contributing the most to the bottom line.
• Marketing budgets are set on what was spent in the past year, not on what was achieved in the prior 12 months or on new company goals.
• Finance isn't buying into the ability of the marketing mix model to link brand attributes to revenue or profits.

If so, you might want to think about how a marketing dashboard can help build marketing's alignment with organizational goals and increase marketing's accountability to enhancing the bottom line. A good dashboard reflects what's going on in marketing, what resources are deployed, to what end, and what ROI is expected for each initiative.