CMO Confidential cover image

CMO Confidential

McKinsey & A.N.A | Marketing: The Battle Between Believers & Non Believers | Part 1

Dec 24, 2024
Join Robert Toss, a McKinsey marketing partner with 25 years of experience, and Nick Primola, ANA's EVP focused on industry leadership, as they dissect the widening rift between marketing believers and skeptics. They reveal shocking data: 90% of CEOs distrust marketing, affecting growth. The duo explores CEO archetypes and why alignment between CEOs and CMOs is crucial. They argue that seeing marketing as a cost center is dangerous and insist that the CMO role is more relevant than ever, emphasizing the need for a cultural shift and better financial connections.
25:57

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast highlights the disconnect between CEOs and CMOs in understanding marketing's value, with less than 10% of CEOs having a marketing background.
  • To succeed, CMOs must educate other executives on marketing's impact on financial performance, aligning metrics with sales and margin expectations.

Deep dives

The Disconnect Between CMOs and CEOs

There is a significant disconnect between Chief Marketing Officers (CMOs) and Chief Executive Officers (CEOs) regarding the understanding of marketing's value. The podcast reveals that many CEOs lack a solid grasp of marketing principles, with less than 10% of Fortune 500 CEOs having any marketing background. This disconnect creates challenges for CMOs as they navigate their roles, often having to justify marketing strategies to those who view marketing as a mere cost center. The conversation suggests that many CEOs understand the necessity of marketing but struggle to utilize it effectively, leading to a reliance on generalizations and misunderstandings about marketing's contributions to growth.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode