was successfully added to your cart.
Tag

business growth Archives - Syneka Marketing

We are redefining marketing – hear us speak at two upcoming events

By | Advice for Businesses, Advice for Not-for-profit Organisations and Charities, News, Resources | No Comments

Our vision is to redefine marketing and we do this by delivering measurable and accountable marketing outcomes through the Syneka Marketing Performance Methodology .
Throughout June we will be presenting at several key events to highlight the role of marketing and the need for marketing to step up and deliver outcomes that reinforce organisational goals.

Webinar: Redefining Your Marketing – how you can measure and improve your returns and performance

On Wednesday the 8th of June we will be hosting Redefining Your Marketing – how you can measure and improve your returns and performance, a feature webinar hosted by ProBono Australia.

Not-for-profit organisations are facing immense pressure to become market responsive and yet marketing remains widely misunderstood in the not-for-profit sector.
This one hour webinar will assist not-for-profit organisations in developing a strategic approach to marketing. We will explore the sequencing and touchpoints required to enhance the stakeholder experience and explore the framework required to instill effective marketing governance and accountabilities.

Attend this session to ensure an alignment between marketing outcomes and organisational goals and generate a positive return from marketing resources.

Register through EventBrite to attend this session for Wednesday the 8th of June at 2pm. Pricing is $55 for individuals and $300 for organisations (with unlimited staff access).

The Business Seesaw at the Melbourne Brekkie Club

On Thursday the 9th of June we will be presenting at the Very Melbourne Brekkie Club, through the Melbourne Business Network in a collaboration with Paul Ostaff, from our management consulting partner, Reignite Consulting.

Join us as we discuss the Business Seesaw, as we explore the infrastructure required for businesses to build their operational and marketing capacity. Many businesses struggle to balance the need for business growth through marketing and service. Reignite Consulting and Syneka Marketing will be outlining our framework for businesses to achieve operational and marketing excellence.

Details and registration is available via EventBrite and is open to members of the Melbourne Business Network.

Embedding rigour into marketing – through our Performance Framework

By | Advice for Businesses | One Comment

It is easy to spend time and money on marketing, but a lot harder to ensure that your resources actually deliver a positive impact. As a result, marketing often becomes unaccountable, delivering tactics that generate activity, but underperform in regard to anticipated outcomes.

These issues are due to marketing being undertaken as distinct operational tasks, rather than a core strategic function that secures business growth. Consequently, marketing often lacks a presence at an executive or board room level, despite the reputational and financial risks created through a lack of strategic insight.

Overview of the Syneka Marketing Performance Methodology

Ultimately, marketing is designed to strengthen business capacity, yet this is often lacking within marketing itself.

The Syneka Marketing Performance Methodology is designed to embed rigour into marketing, through data analysis, strategic insights and evaluation. As a result, the Syneka Marketing Performance Methodology consists of four key modules that have defined methodologies:

  • The Audit – forms the foundations of all marketing projects, by reviewing existing activities and assessing performance.
  • The Forecast – assesses future market conditions, guiding the development of campaign plans and product innovations.
  • The Plan – aligns marketing outcomes with business goals, through implementation schedules that guide and measure marketing activities.
  • Execution – the delivery of marketing outcomes, as per the defined timeframes, with all activities being evaluated on the required outcomes.

Our services, encompassing consulting, workshops, training and management are aligned in accordance with our Framework to ensure transparency and accountability. For further information, view our Guide to the Syneka Marketing Performance Methodology .

Setting the standard: Why accreditation matters for marketing

By | Advice, Advice for Businesses, Advice for Not-for-profit Organisations and Charities, Government, News, Resources | No Comments

Imagine, one morning someone enters your office and tells you that they want 20% of your annual turnover because they have a ‘great idea’ to grow your business. They are unable to provide any evidence to support their claims, other than saying they have a ‘great idea’.

It goes without saying, but not many business owners or managers would contemplate making such a transaction.

Unfortunately, this is what marketing often looks like, with far too many decisions made on hunches or guesses, rather than a factual understanding of market needs, positioning and opportunities. As a consequence, marketing consulting and marketing services have a surprisingly low barrier of entry, with anyone able to claim they are a marketing consultant, expert, specialist or even ‘guru’.

Research into business exits often cites the lack of marketing insights as being one of the top ten causes of business failure. This is despite marketing spend often being between 10% and 20% of an annual budget.

The current approach provided by many who claim to provide ‘marketing’ is failing businesses and the wider community.

This is why accreditation matters for marketing, and is why we are so heavily involved with the Australian Marketing Institute (AMI). Accreditation has the potential to uplift the marketing profession and provide a benchmark for the delivery of marketing services.

No business would seek financial advice from someone that lacks appropriate accreditation, given the potential ramifications of bad advice. Yet we as professional marketers, have lost track of the amount of times we have been brought in to fix the mistakes made by pseudo-marketers. It is time to put an end to pseudo-marketers by recognising the definition of marketing (as defined by the Australian Marketing Institute):

Marketing creates value – for customers, shareholders and society as a whole. It does this by creating an alignment between what consumers value and what organisations offer. It offers techniques that help firms better understand the needs, preferences and perceptions of their customers (a prerequisite to adding value to them), and ways of using that understanding to focus the value-creating and communicating activities of the firm into areas where they will be most effective.

Marketing exists to build the capacity of your business so you can achieve your business goals. This is why one of the core marketing concepts is the marketing mix (commonly known as the customer experience):

A strategic marketing approach would have asked the right questions: focusing on all elements rather than just promotions

The marketing mix highlights the areas that marketing needs to consider to enable business growth

The marketing mix shows the impact of marketing across a business, yet pseudo-marketers, the self-proclaimed ‘experts’, ‘specialists’ or ‘gurus’ will often only focus on one or two elements. This leads to disparate tactics that will create inconsistent outcomes, ultimately resulting in reputation and operational risks.

The Certified Practising Marketer - as accredited by the Australian Marketing Institute

The Certified Practising Marketer – as accredited by the Australian Marketing Institute

The Certified Practising Marketer (CPM) designation is accredited by the Australian Marketing Institute and sets the standard for the marketing profession.

Certified Practising Marketer (CPM) accreditation assesses academic and professional experience to ensure that there is an understanding, as well as ability to apply marketing. Accreditation means a commitment to the Australian Marketing Institute’s Code of Conduct and the requirement of continuing professional development to ensure ongoing learning.

A Certified Practising Marketer (CPM) understands that marketing is more than disparate tactics. A Certified Practising Marketer (CPM) realises that marketing is the strategic alignment between business goals and marketing outcomes, resulting in a measurable and positive impact on business growth and innovation.

At Syneka Marketing we are proud of our ongoing involvement with the Australian Marketing Institute. Our founder, Alex Makin is the State Chair of the Australian Marketing Institute’s Victorian Advisory Committee and our leadership team maintains Certified Practising Marketer (CPM) accreditation.

Do not risk your business with pretenders that lack accreditation and industry recognition. Accreditation matters for marketing, just as it does for Accountants, Lawyers and Engineers.

Asking the wrong question: The Taxi Industry receives feedback via Twitter

Ask the wrong questions, get the wrong answers – Exploring the YourTaxis Campaign

By | Advice, Advice for Businesses, News | 2 Comments

It is unfortunately for too common for businesses to ask the wrong questions when seeking marketing support. This perpetuates the ineffective tactics led approach to marketing, which ultimately diminishes returns due to a lack of consistency with the desired strategic direction.

We often see this when a business is seeking website modifications, social media content or a branding refresh. There is the assumption that these isolated tactics will result in business growth, rather than the question being ‘how do we ensure consistency across the marketing experience and throughout each stage of the customer journey’.

Social media in itself will not foster customer loyalty or engagement if the customer base is not receptive to this medium. Similarly, a website will not result in new business if the processes behind the site are cumbersome or unwieldy.

Often there is need to dig beyond tactics to discover the broader marketing questions that need to be answered. Specifically, there the need to consider how each tactic should reinforce the customer journey to culminate in an experience that fosters outcomes.

We saw this earlier this year with Woolworths failing to consider the ramifications of its Fresh in Our Memories Campaign, and more recently with @YourTaxis, a social media campaign that failed in its attempt to shift public perceptions of the taxi industry.

Woolworths asking the wrong questions: The Fresh in Our Memories Campaign

Woolworths asking the wrong questions: The Fresh in Our Memories Campaign

While Woolworths should have had the resources, foresight and capability to think through the ramifications. The client of the YourTaxis campaign was a not-for-profit membership organisation that would have limited resources and failed to ask the right questions.

The Taxi industry, which has traditionally had few direct competitors, is now under significant pressure from Uber, despite the ride sharing service being somewhat legally ambiguous under current Victorian legislation. The Taxi Industry has responded by been undertaking advocacy efforts to review Uber given current legislation.

Uber has significant strengths in social media and strong online loyalty, aspects that are not shared by the taxi industry. A tactics based approach resulted in the YourTaxis campaign simply replicating what had worked for Uber, despite the high element of risk. The campaign failed on any discernible metric, with Twitter users complaining about Taxis and many complementing Uber within the same Tweet.

Asking the wrong question: The Taxi Industry receives feedback via Twitter

Asking the wrong question: The Taxi Industry receives feedback via Twitter

The question that should have been asked was ‘how do we improve the perception of taxis to assist in influencing the political debate?’ Had this question been asked, a social media campaign focused on soliciting public views would have never been considered.

A strategic marketing approach would have asked the right questions: focusing on all elements rather than just promotions

A strategic marketing approach would have asked the right questions: focusing on all elements of the marketing mix rather than just promotions

Answering the right question would resulted in a substantially different campaign:

  • There would be a focus on service delivery, highlighting improvements, such as driver training and standards, as well as streamlining the complaints process.
  • Promotional campaigns would have focused on the role of taxis as a form of transport to an audience of State MPs and other decision makers, rather than end users.
  • A public component could have been explored through the hopes and aspirations of taxi drivers, with the aim of building personal rapport with the sector.

Answering the right question would have resulted in a campaign focused on the entire marketing mix, with stakeholders including passengers and policy makers. Alignment between each element in the marketing mix, particularly the service, processes and people elements would have enhanced the industry’s standing.

A strategic approach to marketing ensures the right questions are being asked, so you can reach the right answers. Unfortunately in this case, the wrong question was asked twice, with a second campaign on Remembrance Day resulting in further criticism through social media.

Asking the wrong question twice: The YourTaxis Tweet on remembrance Day

Asking the wrong question twice: The YourTaxis Tweet on Remembrance (not Rememberance) Day

The end result is an industry that now has a harder time influencing debate and decision makers, as well as a not-for-profit membership based association that most likely has diminished standing with its members. It is a shame when time, money and reputation is thrown away simply because the wrong questions were asked.

PS We attempted to reach out to the Agency that initiated the YourTaxis campaign to explore their perspective. We received no response.

Launch of the 2015 Small Business Festival

By | Advice for Businesses | No Comments

The Victorian Small Business Festival is a major fixture in the State Government’s business event series.  The Festival, which is held throughout August, features a range of workshops and sessions aimed at fostering business growth.

This afternoon I was invited to the launch, through my role in the Australian Marketing Institute, providing an opportunity meet the participants in the festival, and to gain a broader insight into the program.

Business failure remains an ongoing concern within Australia and Business Victoria has a role in building the capacity of business to stimulate growth and development. Details on the Small Business Festival are available at www.business.vic.gov.au

Business over Breakfast – Continuing as Acting Chair

By | Advice for Businesses | No Comments

Business over Breakfast meets each fortnight at the Docklands, with businesses being able to build rapport between and expand their networks.

I continued my role as the Acting Chair for today’s session where I encouraged participants to discuss their ideal clients and potential opportunities for collaboration.  The discussion helped attendees identify their target markets and unique value proposition.

Business over Breakfast meets each Wednesday fortnight at the Docklands to foster business growth and collaboration.