Understanding that marketing professionals in emerging markets have to face unique challenges every day, UCT’s Graduate School of Business (GSB) has created a new course to give them a strategic advantage.
“Today it is impossible to control any information completely, no matter how confidential. The agenda we need to apply to marketing strategy is: we must be better and faster, constantly.”
Bick says, “Important questions to ask: Am I gearing my marketing people, programmes and processes to understand individuals, not just markets? Which tools and processes are being invested to better understand and respond to what individual customers are saying and doing? And, how is customers’ data and privacy being safeguarded in a multi-channel, multi-device world?”
A recent study conducted by IBM, involving 1,700 Chief Marketing Officers (CMOs) around the world, suggests that the top three capabilities most important to the personal success of marketers in the next three to five years will be leadership abilities, listening to customer insights and creative thinking.
Seize the opportunity
Bick advises, “You can carry on as before, and continue to feel stretched. Alternatively, you can seize the opportunity to transform your marketing function by responding to these new realities: The empowered customer is now in charge of the business relationship. Delivering customer value is paramount, and an organisation’s behaviour is as much a part of the value equation as the products and services it provides. Lastly, the pressure to be accountable to the business is not just a symptom of hard times; it is a permanent shift that requires new approaches, tools and skills.
The new course is a direct response to these changing conditions. It applies specialist knowledge and the thinking necessary to meet the challenges facing marketers in emerging markets characterised by high degrees of uncertainty, complexity and social inequality. It also addresses the requirement for marketing to be accountable to its stakeholders, particularly for investments made in marketing programmes and the returns generated from these.
Uniquely, it explores local South African case studies to help delegates develop and test their understanding and skills.
The Strategic Marketing in Emerging Markets programme runs from 22 to 25 July. For more, contact Celeste Wilson on tel +27 (0)21 406 1238 or go to www.gsb.uct.ac.za/SMEE.
Article source: http://www.bizcommunity.com/Article/196/423/91669.html