What are marketing campaigns without roadblocks? We just do what we can to go around them, remove them, satiate their needs or mitigate their corresponding risks. When considering new marketing opportunities, these hurdles may consist of examples such as lack of budget, inaccurate data or misaligned objectives with the selected marketing tactics (see Demand Gen Report).
If a budget issue, it could be a lack of the necessary budget for any of the required MPTT resources of money, people, time or technology. If the issue is the amount of allocated funds for a project, then understanding what people or committees are responsible for approval of budget items plays a role, but building a well constructed business case is the real need, depending upon the level of rigor required for a given decision. If the limited resource is people to either complete the work or manage it going forward, then finding qualified personnel is the priority whether it is in the form of reallocation of existing people, the addition of new staff or external resources from agencies or consultants.
When dealing with data, it may be incomplete, out of date or even insufficient for the task at hand. Thankfully, there are many data sources and technologies to improve these situations. It’s possible to implement these data sources to supplement a marketing campaign, ensure compliance or even use it as a primary source to build an initiative for a new market segment or new product launch.
Time is yet another story. How does a company manufacture time that doesn’t exist? Short of turning back the clock, this seems to be a fruitless effort on the surface. However, with standard changes such as adding or sharing resources and an ounce of creativity, you will be on your way to finding alternatives that get more done in less time.
If technology appears to be the hurdle, you may find that multiple MPTT issues exist and may be solved by the ingenuity of solutions. As a general rule of thumb, technology today is easier to install, implement, integrate and manage in many respects. This is the result of cloud based solutions, vendor ecosystems, APIs as well as data interchange standards. Of course, that statement is not without exception. Lastly, technology has to do what you need it to do, even if it comes in a slightly different form than you originally had in mind.
And finally, because an extraordinary number of solutions exist in the marketplace today, companies have the luxury of finding marketing services and technologies that align well with their specific corporate objectives. As an example, if an organization places emphasis on sustainability for its own products, finding solution providers that do the same could be a great fit with their goals as corporate citizens within their industry or the world as a whole.
Regardless of the people responsible, either someone or a group has a fiduciary responsibility to make investments that will align with the criteria important to the company and marketing effort. While you may not understand all aspects of this reality due to your position or role, it makes sense to minimize the risk and maximize the reward for the marketing effort, doesn’t it? Whether you are a marketer, consultant or agency, you have to determine what part you play in these decisions. Furthermore, you need to understand the level of due diligence that is necessary to create the best chance that the investment being pursued will generate the intended results. If your company has decided that a purchase of technology must meet certain criteria, align with one or more corporate strategies or even meet certain compliance restrictions, then these become guidelines for getting to a solution whether you build, buy or lease it. The list of possibilities is long and distinguished, but determine what is imperative to you, the team, the organization, customers and shareholders as appropriate. Additionally, seeking the assistance of a trusted, competent resource for guidance is always a beneficial approach.