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Digg it UP - Completing the Annual Planning Process
Advertising Agency Software: What You Need to Know on was far more productive. “We didn’t get bogged down in discussing the nuances of each region and why tracking certain activities would or wouldn’t work. We could keep our eye on the larger picture and each region could address its individual differences,” added Laura.There are many different types of software that an advertising agency needs to conduct business efficiently. Here are some examples of tasks that can be supported by software that is currently available to agencies:Create estimates and quotes, invoices and schedules for client approvalPrepare drafts of a new brochure, print ad, or annual report for reviewManage client feedback on direct mail materialsTrack key project milestone datesPrepare and review media plansPrepare a storyboard presentation for a clientPrepare market researchSchedule project tasksReview rough cutsCreate project timelinesManage external client and prospect requestsSchedule media The process enabled the VCON team to achieve two important outcomes: 1. A set of key metrics that crossed markets and regions 2. A plan and budget the management team could evaluate based on business outcomes Of course the best outcome was the team was able to deliver a plan and a budget request the management team could relate to. “We were more successful in securing faster approval and a better budget, because the plan very clearly connected the dots between marcom activities and business outcomes,” said Laura. VCON has learned the importance of a complete marketing plan and have already reaped the benefits by securing a higher marketing budget. They have learned the importance and ability of metrics to measure the effectiveness of marketing to show how their efforts impact business goals. Since working with VCON, VisionEdge Marketing has continued to educate companies and individuals on the importance of metrics to a marketing plan and communicating marketing’s effectiveness to the company. By using VCON as Your Business Plan - Simplified! Imagine an office without a desk, or lights, a computer, or even something as simple as a chair. When the architects and designers started planning a building or office space they knew they would have to make concessions for these items during each of the building activities. As marketers, we take part in many activities, much like a builder or designer does.Once you have completed your research and made your business decisions, it’s time to write out your business pan.First, go to www.microsoft.com and download one of their free business plan templates. After opening it, delete any section you will not be using.By keeping only the parts you will need, you cut down on the amount of work deeded.How through you are at writing your business plan depends on who’s going to see it? Will you be looking for a venture capital firm to invest in your business?If so, then your plan will have to go deeper into details. If not then you can get by with a much simplified approach.Use a professional writer to develop your business plan if you intend to seek financial assistance.What goes into the plan? All of the information we’ve been collecting since we started our research.< Of these activities, there is one that precludes each of these; the annual planning and budgeting process. One part of planning often gets left out though, measuring the effectiveness of the activities we plan. Yet plans without metrics are like offices without chairs, conference rooms without tables, or buildings without a foundation. Parts of each exist, but there is a major component missing. Recently surveys have concluded that 55% of business to business marketing executives face the challenge of measuring marketing’s effectiveness. A recent survey conducted by Unica made this statement: "However, survey respondents also said they faced numerous challenges, chief among them measuring marketing effectiveness, which was cited by 55% of respondents." It was also stated that many executives don't believe marketing is measurable. And 63% of them don’t consider marketing to be measurable. So it should be no surprise to learn that as many as 57% of marketing plans overlook metrics and that plans are more about counting activities rather than measuring the impact on business outcomes as was determined the fifth Business Readiness Survey conducted by VisionEdge Marketing. Can we measure marketing’s effectiveness? Does it really make a difference? It certainly does for many companies. One company in particular, VCON, found incorporating a metrics framework into their planning process to be extremely valuable. Founded in 1994, VCON develops and manufactures collaborative communication solutions that include videoconferencing and audio conferencing products. VCON's entire portfolio is integrated together with a suite of management systems and development tools, providing a unique and fully integrated conferencing experience for the user. The company relies on an indirect channel to sell their solutions worldwide. For the past decade, VCON has consistently been the first to market with innovative products and technologies, both in the conferencing market and in the solutions needed to manage and deploy conferencing systems. The marketing team realized that securing a larger marketing budget would require taking a more metrics-related approach as a means to demonstrate the marketing organization’s contribution to the company. So when they realized the need for a metrics-based approach, they hired VisionEdge Marketing to help them develop the right set of metrics. VCON turned to an outside resource to help create a framework for their plan. They chose VisionEdge Marketing because the company’s metrics expertise and a model ties marketing metrics to the goals of the company. Laura Shay, VCON’s Global Product Marketing Manager, wanted an approach that went beyond tracking results from a variety of marketing activities, such as metrics associated with web site visits, click-throughs, and participants at a webinar. Rather she wanted a way to connect the marketing initiatives to the company’s market share, partner development, and up-sell objectives. “We had a good idea of the adoption process for our technology and we were monitoring dozens of activities and outcomes. What we didn’t know was whether these were the right things to be monitoring and how to tie activity tracking to the success of our marketing objectives and strategies,” added Laura. VCON’s limited marketing resources were overwhelmed with the number of things that were possible to track. The challenge was getting the team out of the weeds of tracking various marcom activities and more focused on identifying metrics that would really indicate whether the marketing initiatives were moving the needle for the business. Prior to the metrics development and framework session, VisionEdge Marketing examined the metrics currently being used by the company and the company’s business objectives for the coming year. “This preparatory stage was very helpful,” commented Laura. “It enabled us to start thinking about tying our marketing initiatives to very specific business outcomes such as market share, order value, and repeat business.” The business goals were used as a framework for the plan. By understanding the specific business outcomes, the session could focus on where marketing could make an impact and how to measure this impact. Within a half day or so the marketing department was able to develop a manageable set of metrics. A key part of the process was to clarify what outcomes have real impact on the business. The metrics focused on two primary areas: The channel's role in VCON's success, and a goal of achieving 25% quarter-to-quarter growth from new products across all sales regions. Three metrics were selected: revenue/partner, qualified leads/region, and new products sold vs. previous product sold. Key indicators were defined for each of these and appropriate objectives and strategies were then incorporated into the annual plan. A side benefit was that the planning session was far more productive. “We didn’t get bogged down in discussing the nuances of each region and why tracking certain activities would or wouldn’t work. We could keep our eye on the larger picture and each region could address its individual differences,” added Laura. The process enabled the VCON team to achieve two important outcomes: 1. A set of key metrics that crossed markets and regions 2. A plan and budget the management team could evaluate based on business outcomes Of course the best outcome was the team was able to deliver a plan and a budget request the management team could relate to. “We were more successful in securing faster approval and a better budget, because the plan very clearly connected the dots between marcom activities and business outcomes,” said Laura. VCON has learned the importance of a complete marketing plan and have already reaped the benefits by securing a higher marketing budget. They have learned the importance and ability of metrics to measure the effectiveness of marketing to show how their efforts impact business goals. Since working with VCON, VisionEdge Marketing has continued to educate companies and individuals on the importance of metrics to a marketing plan and communicating marketing’s effectiveness to the company. By using VCON as a There's Nothing Different About My Product - How Am I Going To Sell It? 57% of marketing plans overlook metrics and that plans are more about counting activities rather than measuring the impact on business outcomes as was determined the fifth Business Readiness Survey conducted by VisionEdge Marketing.There’s nothing different about my product. How am I going to sell it?Between the product and the consumer exists the vital differentiating element; the advertising agency and its creative and commercialising ability. The product, as uniform as it may be, can be managed and propelled into the consumer market from the expert hand of the agency. If the market is extremely well researched and there is a considered and inquisitive approach from the agency, certain insights and intricacies about the product and the market can be discovered. Essentially the agency deepens their knowledge of the product and its environment and then can explore for a differentiating characteristic that can be exploited; even twins have different fingerprints so a good agency can find a Unique Selling Point. With the knowledge comes the ability to concertedly create Can we measure marketing’s effectiveness? Does it really make a difference? It certainly does for many companies. One company in particular, VCON, found incorporating a metrics framework into their planning process to be extremely valuable. Founded in 1994, VCON develops and manufactures collaborative communication solutions that include videoconferencing and audio conferencing products. VCON's entire portfolio is integrated together with a suite of management systems and development tools, providing a unique and fully integrated conferencing experience for the user. The company relies on an indirect channel to sell their solutions worldwide. For the past decade, VCON has consistently been the first to market with innovative products and technologies, both in the conferencing market and in the solutions needed to manage and deploy conferencing systems. The marketing team realized that securing a larger marketing budget would require taking a more metrics-related approach as a means to demonstrate the marketing organization’s contribution to the company. So when they realized the need for a metrics-based approach, they hired VisionEdge Marketing to help them develop the right set of metrics. VCON turned to an outside resource to help create a framework for their plan. They chose VisionEdge Marketing because the company’s metrics expertise and a model ties marketing metrics to the goals of the company. Laura Shay, VCON’s Global Product Marketing Manager, wanted an approach that went beyond tracking results from a variety of marketing activities, such as metrics associated with web site visits, click-throughs, and participants at a webinar. Rather she wanted a way to connect the marketing initiatives to the company’s market share, partner development, and up-sell objectives. “We had a good idea of the adoption process for our technology and we were monitoring dozens of activities and outcomes. What we didn’t know was whether these were the right things to be monitoring and how to tie activity tracking to the success of our marketing objectives and strategies,” added Laura. VCON’s limited marketing resources were overwhelmed with the number of things that were possible to track. The challenge was getting the team out of the weeds of tracking various marcom activities and more focused on identifying metrics that would really indicate whether the marketing initiatives were moving the needle for the business. Prior to the metrics development and framework session, VisionEdge Marketing examined the metrics currently being used by the company and the company’s business objectives for the coming year. “This preparatory stage was very helpful,” commented Laura. “It enabled us to start thinking about tying our marketing initiatives to very specific business outcomes such as market share, order value, and repeat business.” The business goals were used as a framework for the plan. By understanding the specific business outcomes, the session could focus on where marketing could make an impact and how to measure this impact. Within a half day or so the marketing department was able to develop a manageable set of metrics. A key part of the process was to clarify what outcomes have real impact on the business. The metrics focused on two primary areas: The channel's role in VCON's success, and a goal of achieving 25% quarter-to-quarter growth from new products across all sales regions. Three metrics were selected: revenue/partner, qualified leads/region, and new products sold vs. previous product sold. Key indicators were defined for each of these and appropriate objectives and strategies were then incorporated into the annual plan. A side benefit was that the planning session was far more productive. “We didn’t get bogged down in discussing the nuances of each region and why tracking certain activities would or wouldn’t work. We could keep our eye on the larger picture and each region could address its individual differences,” added Laura. The process enabled the VCON team to achieve two important outcomes: 1. A set of key metrics that crossed markets and regions 2. A plan and budget the management team could evaluate based on business outcomes Of course the best outcome was the team was able to deliver a plan and a budget request the management team could relate to. “We were more successful in securing faster approval and a better budget, because the plan very clearly connected the dots between marcom activities and business outcomes,” said Laura. VCON has learned the importance of a complete marketing plan and have already reaped the benefits by securing a higher marketing budget. They have learned the importance and ability of metrics to measure the effectiveness of marketing to show how their efforts impact business goals. Since working with VCON, VisionEdge Marketing has continued to educate companies and individuals on the importance of metrics to a marketing plan and communicating marketing’s effectiveness to the company. By using VCON as Small Business - Hiring for Success ey realized the need for a metrics-based approach, they hired VisionEdge Marketing to help them develop the right set of metrics. VCON turned to an outside resource to help create a framework for their plan. They chose VisionEdge Marketing because the company’s metrics expertise and a model ties marketing metrics to the goals of the company.For small business owners one key to success is hiring good people. For many, they have a small business but it’s like having the worst job on earth, they can never leave. Is that you? Do you feel like you can’t leave because when you do everything goes wrong? It doesn’t have to be that way if you hire the right people.I know you’re saying, “Ed if you have to work for the people I get you wouldn’t be writing that crap.” That might be true … but then again I’ll go down the street and find other small businesses that are working like a charm. What’s the difference? Usually the quality of the people they hire. You say but I can’t pay the money they’re paying. That might be true too but usually I find that the money is not all that different.So what is the difference in hiring people? Let’s take a look at the critical elements of hiring g Laura Shay, VCON’s Global Product Marketing Manager, wanted an approach that went beyond tracking results from a variety of marketing activities, such as metrics associated with web site visits, click-throughs, and participants at a webinar. Rather she wanted a way to connect the marketing initiatives to the company’s market share, partner development, and up-sell objectives. “We had a good idea of the adoption process for our technology and we were monitoring dozens of activities and outcomes. What we didn’t know was whether these were the right things to be monitoring and how to tie activity tracking to the success of our marketing objectives and strategies,” added Laura. VCON’s limited marketing resources were overwhelmed with the number of things that were possible to track. The challenge was getting the team out of the weeds of tracking various marcom activities and more focused on identifying metrics that would really indicate whether the marketing initiatives were moving the needle for the business. Prior to the metrics development and framework session, VisionEdge Marketing examined the metrics currently being used by the company and the company’s business objectives for the coming year. “This preparatory stage was very helpful,” commented Laura. “It enabled us to start thinking about tying our marketing initiatives to very specific business outcomes such as market share, order value, and repeat business.” The business goals were used as a framework for the plan. By understanding the specific business outcomes, the session could focus on where marketing could make an impact and how to measure this impact. Within a half day or so the marketing department was able to develop a manageable set of metrics. A key part of the process was to clarify what outcomes have real impact on the business. The metrics focused on two primary areas: The channel's role in VCON's success, and a goal of achieving 25% quarter-to-quarter growth from new products across all sales regions. Three metrics were selected: revenue/partner, qualified leads/region, and new products sold vs. previous product sold. Key indicators were defined for each of these and appropriate objectives and strategies were then incorporated into the annual plan. A side benefit was that the planning session was far more productive. “We didn’t get bogged down in discussing the nuances of each region and why tracking certain activities would or wouldn’t work. We could keep our eye on the larger picture and each region could address its individual differences,” added Laura. The process enabled the VCON team to achieve two important outcomes: 1. A set of key metrics that crossed markets and regions 2. A plan and budget the management team could evaluate based on business outcomes Of course the best outcome was the team was able to deliver a plan and a budget request the management team could relate to. “We were more successful in securing faster approval and a better budget, because the plan very clearly connected the dots between marcom activities and business outcomes,” said Laura. VCON has learned the importance of a complete marketing plan and have already reaped the benefits by securing a higher marketing budget. They have learned the importance and ability of metrics to measure the effectiveness of marketing to show how their efforts impact business goals. Since working with VCON, VisionEdge Marketing has continued to educate companies and individuals on the importance of metrics to a marketing plan and communicating marketing’s effectiveness to the company. By using VCON as Hotel Booking Online Makes For Easy Business es were moving the needle for the business.If you've ever attempted to make a group hotel booking, you'll know how difficult it can be. When it comes to business meetings or conferences in particular, mass hotel bookings can be particularly hard to co-ordinate. After all, it's likely that all the delegates attending the business meeting you're planning will be arriving from different parts of the country at different times; so how can you be sure all their rooms are secure? You'll also have to ensure that you have sufficient meeting space for your business delegates, as well as refreshments and audio/visual equipment - so things could get a little overwhelming!However, the development of the internet over the past few years has meant that hotels have come with increasingly sophisticated ways for their guests to book hotel rooms - and this is especially useful when it comes to group b Prior to the metrics development and framework session, VisionEdge Marketing examined the metrics currently being used by the company and the company’s business objectives for the coming year. “This preparatory stage was very helpful,” commented Laura. “It enabled us to start thinking about tying our marketing initiatives to very specific business outcomes such as market share, order value, and repeat business.” The business goals were used as a framework for the plan. By understanding the specific business outcomes, the session could focus on where marketing could make an impact and how to measure this impact. Within a half day or so the marketing department was able to develop a manageable set of metrics. A key part of the process was to clarify what outcomes have real impact on the business. The metrics focused on two primary areas: The channel's role in VCON's success, and a goal of achieving 25% quarter-to-quarter growth from new products across all sales regions. Three metrics were selected: revenue/partner, qualified leads/region, and new products sold vs. previous product sold. Key indicators were defined for each of these and appropriate objectives and strategies were then incorporated into the annual plan. A side benefit was that the planning session was far more productive. “We didn’t get bogged down in discussing the nuances of each region and why tracking certain activities would or wouldn’t work. We could keep our eye on the larger picture and each region could address its individual differences,” added Laura. The process enabled the VCON team to achieve two important outcomes: 1. A set of key metrics that crossed markets and regions 2. A plan and budget the management team could evaluate based on business outcomes Of course the best outcome was the team was able to deliver a plan and a budget request the management team could relate to. “We were more successful in securing faster approval and a better budget, because the plan very clearly connected the dots between marcom activities and business outcomes,” said Laura. VCON has learned the importance of a complete marketing plan and have already reaped the benefits by securing a higher marketing budget. They have learned the importance and ability of metrics to measure the effectiveness of marketing to show how their efforts impact business goals. Since working with VCON, VisionEdge Marketing has continued to educate companies and individuals on the importance of metrics to a marketing plan and communicating marketing’s effectiveness to the company. By using VCON as A Fundamental Aspect Of Modern Marketing on was far more productive. “We didn’t get bogged down in discussing the nuances of each region and why tracking certain activities would or wouldn’t work. We could keep our eye on the larger picture and each region could address its individual differences,” added Laura.First, here's something that is fast becoming the most fundamental aspects of marketing to get right, especially if you want to build a truly sustainable high quality organisation (of any size) in the modern age:Ensure the ethics and philosophy of your organisation are good and sound. This might seem a bit tangential to marketing and business, and rather difficult to measure, nevertheless...Price is no longer the king, if it ever was. Value no longer rules, if ever it did. Quality of service and product is not the deciding factor.Today what truly matters is ethical and philosophical quality - from the bottom to the top - in every respect - across every dimension of the organisation.Modern consumers, business buyers, staff and suppliers too, are today more interested than ever before in corporate integrity, which is defin The process enabled the VCON team to achieve two important outcomes: 1. A set of key metrics that crossed markets and regions 2. A plan and budget the management team could evaluate based on business outcomes Of course the best outcome was the team was able to deliver a plan and a budget request the management team could relate to. “We were more successful in securing faster approval and a better budget, because the plan very clearly connected the dots between marcom activities and business outcomes,” said Laura. VCON has learned the importance of a complete marketing plan and have already reaped the benefits by securing a higher marketing budget. They have learned the importance and ability of metrics to measure the effectiveness of marketing to show how their efforts impact business goals. Since working with VCON, VisionEdge Marketing has continued to educate companies and individuals on the importance of metrics to a marketing plan and communicating marketing’s effectiveness to the company. By using VCON as an example, they are able to show how completing the planning process pays off for the company, as well as the marketing department; just as adding all components to a building, makes it complete.
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