CMO Jonnie Cahill and CFO Timothy Bodart from Heineken USA discuss the importance of collaboration, aligning data and metrics for growth strategy, the power of marketing in building brand connections, navigating short-term pressures for long-term success, and the dynamic partnership between finance and marketing for creative innovation in driving growth.
Successful CFO-CMO partnerships require a common language and approach for greater success.
Commercial analytics provide a holistic view of the business through various data sources and factors.
Establishing strategic partnerships with clear financial goals drives business performance and growth.
Deep dives
Building Successful CFO-CMO Relationships
Successful CFO-CMO partnerships are key. Teams that create a common language and approach find greater success. Understanding the nature and metrics driving the business is crucial for the CFO and CMO. Aligning on metrics tied to business outcomes is vital, encompassing controllable and non-controllable factors.
Commercial Analytics and Business Growth
Commercial analytics offer a comprehensive view of the business, focusing on complete rather than partial views. Factoring in various data sources including direct and indirect effects, controllable and non-controllable factors, ensures decisions are based on the true business story. Analysts recommend a commercial view to drive accurate business growth decisions.
Strategic Partnerships and Financial-Performance Goals
Establishing strategic partnerships and setting clear financial-performance goals are essential. CFOs aim to enhance business performance and strategic thinking while maintaining financial discipline. Targeting people and allocation discussions contributes to overall business performance and sustainable growth.
Effective Marketing Investments and Business Performance
Marketing investments are crucial for business growth. Balancing short-term commercial pressure with long-term brand equity and performance is key. Ensuring strategic alignment and continuous improvement in strategic planning maximizes resources and drives performance.
Brand Equity and Brand Power
Brand equity plays a central role in driving business performance. While not living directly on the balance sheet, brand power impacts top-line growth and market share significantly. Balancing creative effectiveness, marketing mix optimization, and brand power amplifies marketing impact for long-term success.
Jonnie Cahill, CMO and Timothy Bodart CFO, of Heineken USA join me to talk about why their relationship works, how they got there, and advice they have for others. This series is sponsored by Analytic Partners (the leader in commercial analytics.) Learn more at www.analyticpartners.com/onstrategy
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