10 | 🎨 Creativity ≠ ROI? Why CMOs Are Losing the Boardroom Battle 💸 with Spencer Fox (Cannes Lions Advisory)

Nov 21, 2023

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Spencer Fox is the SVP Business Lead at Cannes Lions Advisory, part of internationally known Cannes Lions, an authority in brand, marketing, and creative excellence.

In this episode of Good Revenue, host Neeta Bidwai and Spencer cover:

• Insights from the ‘Marketing Challenges’ report by Lions, and the importance of maintaining a strategic focus in marketing efforts

• Shift in focus for marketers from tactical metrics back to strategic objectives

• Spencer emphasizes the importance of aligning creative ambition with commercial strategies like AB InBev and Skinny

• Role of technology, data, and metrics in modern marketing, emphasizing the need for a balance between short-term and long-term goals

• Practical advice for CMOs and CEOs, underscoring the necessity of clarity in purpose and business objectives

Cannes Lions Report Highlights:

• Data reality for most companies is: “Data soup; too much, too little, the wrong sort, poor quality.”

• 4 major challenges for CMOs: #1 Ability to win over the C-Suite, #2 Connecting disparate data sources to commercial decisions, #3 Achieving alignment across diverse disciplines, #4 Implementing unified KPIs across diverse activities.

• Attribution remains a huge challenge: “As channels multiply, data proliferates and processes become ever more complex, marketers increasingly struggle to connect the various kinds of measurements available to them. This makes it hard to prepare a coherent, single-minded case for the Board.”

Where to find Spencer:

https://www.linkedin.com/in/spencerjordanfox/

Where to find Neeta:

https://www.linkedin.com/in/neetabidwai/

Where to find Good Revenue:

https://goodrevenue.io/goodrevenue

https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ

Highlights:

00:00 Introduction and Guest Welcome

00:26 Spencer Fox's Career Journey

02:28 Marketing Challenges and Strategic Insights

04:25 Creativity and Commercial Outcomes