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The CMO leads the marketing team of an organization and is a core part of the executive team. ÂÜÀòÂÒÂ× about the CMO’s role and the skills required to become one.
One of the CMO’s primary responsibilities is to increase the company’s revenues by creating and developing marketing plans. These tasks ultimately give the company its competitive edge, placing itself strategically in the market.
Some of the CMO’s priorities include:
Product Development and Marketing
In product development, the CMO’s role is to conduct or oversee feasibility studies and appraise each proposed product or service. Following this long process, the CMO then looks at launching the new product. This includes supervising promotions, deciding on the messaging, monitoring the competition, and eventually taking customer feedback.
Market Research
There are many ways CMO’s can conduct good market research. These methods can range from customer surveys, focus group discussions, and distributor surveys. Gathering the necessary information is just one part of the equation. CMOs also discern which of the collected data is valuable for developing marketing strategies.
Brand Management
Brand management is building the brand to foster good relationships with customers to acquire brand loyalty. CMOs consider tangible parameters like product, service, pricing, and packaging as well as intangible ones like customer experience when it comes to managing the brand. The CMO also utilizes different strategies to bolster brand awareness and bring more inbound interest into the company.
Depending on the organization, CMOs might be required to have an MBA in Marketing or Business as well as previous managerial or directorship roles. But the hardline requirements for CMOs are experience and expertise in marketing. CMOs are also required to have strong leadership skills, interpersonal skills, a good eye for business, and even design.
Communication skills are a must for a CMO as they interact with many people within the organization daily. These are also important skills to have as they are tasked with knowing how to communicate with customers.
The CMO also needs to know how to utilize various marketing tools for market research. They need to understand branding. They need to be able to know how to communicate verbally and visually to get the product or service’s messaging across clearly and efficiently.
The career path to becoming a CMO is much the same across industries. Here’s what a career path towards becoming CMO might look like:
In some cases, if the company is small, people can jump from project coordinator or specialist to a directorship position if your day-to-day tasks covered enough responsibilities to warrant the promotion.
If you're thinking about your own path to the CMO spot, it's probably a good idea to see where you stand at your job today and how you might progress. One easy way to do that is to join your company's public org chart.
Becoming a CMO is not limited to following the path outlined above. These examples highlight how varied the journey can be as one moves up the ladder.
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