A view of Marketer’s WINDOW

MBAGraduatesMarketer’s view out of his window would be a view that will showcase future of marketing. Today we have witnessed the change that has brought startups to the zenith of success. Right marketing is just like fishing out the right fish in the sea. Once brands get right click then they become eternal.

Changing is called trending now.

The customer relationship with brand has evolved, now google is in their pockets and they can know things better than Marketer and that too at snap of fingers. We don’t call them customers we call them digi-ters. Marketers have realized, now customers are not loyal to product they are loyal to the approach of branding and connect with them. Value creation is in limelight. No push sales required create value it will pull out profits. Advent of social Media has brought a great platform for small startups to communicate and engage customers.

Witness the change or be the Change

Change is the only constant and Brands have proved it right. To keep pace with changing customer, companies are prioritizing to customer experience and connect. Companies have lot of data but data is in silos, they are converting data into big data. Companies are creating content that create impact and an image of what you should expect. Marketers are working on digital channel optimization. Each channel should have integrated communication. Brands are connecting people and engaging them through various campaigns which result in brand identity and loyal customers.

Companies like flip kart, LinkedIn, Facebook, WhatsApp have changed the view of marketing. They take a 360 view of market and then set their foot right. People create Brand like Steve job for apple. Great companies create market for their products. There is lot of things that’s happening around.

As a marketer we can either witness the change or be the change and drive sales.

Key Notes on Marketing

There is need of analysis in marketing, but it is moving into much more advanced realms with Big Data and Predictive marketing. The art of marketing is evolving to focus on bold platform ideas that work in any media and can be amplified by the customer. Trust is first as in the digital era all business practices are transparent. Companies can’t stay in field by only portraying values. Value creation is the need of an hour. Customers move in the moment, but corporate budgets and processes are quarterly and annually. Companies need to fundamentally correct systems to deliver betterand also different ways of working to react and move in real time with the customer.The digitization of the customer decision journey has made it so much easier for people to research and buy different products. At the same time, that trend has unlocked an extraordinary degree of insight into what people really want. Creating those relevant communications, truly personal connections, and messages that clearly convey a brand’s value is what will differentiate excellence in marketing for winners in the battlefield.

Management Skills

Budding Marketer in you

From hashtag to likes on FB big brands are doing all to set their foot right to pitch in their target audience. Now this is new age marketing, old tips and tricks won’t work. With this sudden change companies don’t want to recruit the same old minds they are setting their eyes on creativity. How you can be a creative resource for them. Do you have the some domain knowledge and know-how of marketing tools. Are you socially connected and have deep dived into basics of what’s digital and how big brands reach their. Do you see a marketer in you?Do you really dream big like working for some sci-fi MNC and sitting in a cabin with a cup of coffee working on a launch of product? Or you have a plan of startup, why not to have a name in the list of people who are not just ordinary they are the icons of new age marketing. Plan an MBA and reach to your goal of being a marketer. See a world of opportunities for you and wear those marketing glasses and work on it.

Looking for a reliable shoulder

Getting hitched up with big brands is not easy; you need to create a profile they want. A good B-school, good grades and Foremost important an excellent set of skills.  Rome wasn’t built in a day so students need to gear up with their preparations and nail it. An MBA can do wonders for you it will teach you about

  • How to be a good team player big companies always look for fresh talent at management position wherein they will make you handle a team of people and you will churn out ideas for them.
  • You will comeout with perfection as you will get exposed to industry standards and benchmarks so you would know the level of work and expectations.
  • Deadlines and work pressure would be easy to deal with once you will get to know the right direction to look for data. MBA will open you the set of white papers, thought leadership articles and many more databases to dive and find useful insights for you.
  • You will be able to read and understand every company related document like annual report, balance sheets, marketing report or any other. You will be well versed with a true marketer’s knowledge.
  • How to sell ideas to a team, vendors and customers. Many entrepreneurs only want to develop products and don’t think about how to market, sell and distribute them. They are afraid of these other areas or think they are not responsible for them. Business school emphasizes their critical nature of all these areas and how they represent a key barrier to entry for competitors.
  • How to network. People do business with people they know, like and trust. Going to MBA School teaches students how to meet other people and determine who they can trust the most. Powerful networks for future work are always built at school.

After an MBA, you can actually look out and understand the catalyst of this change in marketing era is brains like you. Creativity is about ideas that got wings.  Choose the right direction and set foot towards it. Let there be light and enough guidance for you.

Written for: Beginners

Source: http://www.mckinseyonmarketingandsales.com/the-future-of-marketing



Contributed by Sonali Jain ( Class of 2014, IBS GURGAON )

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