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CMO Confidential

McKinsey & A.N.A | Marketing - The Battle Between Believers & Non-Believers - Part 2 | Replay

Dec 31, 2024
Robert Tas, a McKinsey Marketing & Sales Partner, and Nick Primola, EVP at the Association of National Advertisers, delve into the critical divide in the marketing industry. They discuss why many CEOs remain 'non-believers' in marketing's value and the consequences of viewing it merely as a cost center. The duo emphasizes the pressing need for CMOs to align with financial outcomes and the vital role of business schools in shaping marketing education. Their insights also reveal why the CMO position is essential for driving business growth.
22:09

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Quick takeaways

  • The fragmented nature of marketing education in business schools creates a skills gap, hindering the alignment of theory with practical marketing leadership.
  • Marketing must showcase measurable impacts on business outcomes, emphasizing its role as a key driver of growth to gain CMO representation on corporate boards.

Deep dives

The Crisis in Marketing Education

Marketing education in business schools is fragmented, causing a disconnect between theory and practice. Many programs focus on specific marketing tactics rather than holistic leadership and strategy, leading to a skills gap in the industry. As a result, students and professionals in fields like behavioral science or data analysis often do not view marketing as a viable career path. There is a growing need for collaboration between the marketing industry and educational institutions to develop a more cohesive curriculum that aligns with modern marketing demands.

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