Developing a marketing campaign requires a unique combination of creative, big-picture thinking and focused, detail-oriented implementation. It can be challenging to figure out how to piece all the different elements together, but breaking down the process into tangible steps can help ensure that your vision will translate into effective tactics to reach your business objective through powerful creativity and seamless execution.
I have worked with numerous startups, medium businesses, and in large multinational companies, and when it comes to campaign planning and execution, there are common mistakes that can be avoided through careful planning and methodical execution. Whether if you are the person in charge of marketing in a 2-person startup or a brand director supported by 5 different agencies, you should find this two-part series useful.
Generally speaking, smaller companies have limited time and resources, and they tend to skip important steps in the process given their natural bias to action or simple lack of bandwidth. Larger companies often lack the synergic coordination between teams required to make the most of the resources available or fail to properly execute their plan due to the lack of attention towards smaller, technical, yet critical details.
For this reason, I’ve decided to learn from my mistakes and the mistakes made around me and document the process required to plan and launch a successful marketing campaign. In this first part of a two-part series, we’ll be exploring how to put your business objective and target audience to work, creating actionable steps that take you from data analysis to an idea that serves as a solid foundation for your campaign. Continue reading
Throughout my professional career, innovation has always been the focus of the environment around me. Although it can often be an abused term, this proximity to groups aspiring to be innovative taught me a lot about this elusive concept. Recently, I started reflecting on some commonalities that I encountered when dealing with innovative companies, products, and teams, and I thought it could be interesting sharing them in a post.
As often happens when you want to get out of an undesired situation, you have to struggle for it. As explain by a brilliant editorial from last week’s Economist, in this troubled economic times, the trade-off doesn’t changes.
Economies of western countries have relied heavily on debt to finance their growth. While some countries, like the US, have seen debt mainly in the hands of customers (that have often financed their spending through generous credit lines), other economies, like many European states, have seen this debt in the form of unhealthy state-backed-up companies (such as banks, airlines, automotive companies, etc.), or national bonds issued to cover exposed positions.
The mistake done by many, is to consider debt as poisonous evils. Au contraire! On the contrary, debt is more like a medicine than a poison.
Debt is a great fuel for economic growth: without debt, Sara Jessica Parker wouldn’t be able to wear her Manolo Blanhik (as the author of the article says), Airbus wouldn’t be able to build its planes, and Spain would never be able to lower its unemployment level (putting aside the euro-currency complication for a minute). But debt, like any medicine when exceeded the recommended dosage, can become poisonous as well.
In recent years we have seen two main situations that have allowed debt to exceed the tolerable limits and create a financial crisis: bad debt, and financial speculation. Let me explained how they worked (simplifying a bit).