Budget redesign

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Social media, search engine optimization, e-mail marketing, adwords,……… What is the impact on your business? But another question is, What impact does it have on the allocation of funds within your budget? Just adding people to use the new technologies in your favor is probably not an option. Something has to give. In most organizations the amount that can be invested in marketing communication and in other marketing responsibilities (research, product development) will not be allowed to grow. What will the marketing department have to give up in order to invest in the future? You can’t have it all mister marketing manager!

Again the necessity of spending a lot of attention on accountability of everything marketing is investing money on will be key to deciding on what to keep and what to cut or spend less on. A redistribution of funds, for people and the rest, is necessary.

Try to define for your own organization what is the least successful investment and swap it for new, more innovative ways of creating value and letting people know about it.

Gert-Jan Scheers

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