PERFORMANCE-BASED ACCOUNTABILITY
“A marketing plan should be held to account for driving business results. It’s not complete without determining the means by which every single element will be measured and optimized.”
OBJECTIVE FOCUS
At Nelson Schmidt, we take the need for tangible results seriously. And we believe accountability is a cornerstone of a successful partnership. Hence our tenacity in tracking, reporting, and quantifying our work to prove its value for our clients.
In a discipline that many view as subjective, we believe in finding real data that transforms opinion into fact. Our performance-based accountability approach gives CMOs control of their destiny with the ability to defend decisions and validate actions.
Simply put, we define success as meeting and exceeding the agreed-upon goals and objective of our annual plans and project objectives. Specific and quantifiable metrics aren’t afterthoughts — they’re requirements. Because marketers shouldn’t pay for advertising. They should invest in it.
THE PROCESS
Based on what you tell us, we choose the right methods for measuring the performance of the different marketing components that link straight back to your stated objectives.
We’ll show you results in detailed dashboards that illustrate the performance of your marketing investment across all disciplines. And you’re invited to participate in regular reviews to track and discuss progress toward your defined goals.
Because we believe in our ability to surpass your expectations, we look for opportunities for performance-based compensation when it’s the right fit for all parties and programs.
WE START WITH THREE QUESTIONS…
What are your business and marketing objectives?
What resources are available to dedicate to quantifying outcomes?
How much time and effort will the company commit to defining and measuring results?
MORE PERSPECTIVES ON PERFORMANCE-BASED ACCOUNTABILITY
Marketing technology and the CMO: The answer to ROI?
As the Internet of Things expands, marketers demand greater insights into the return on marketing investment. That’s where technology and the CMO come in, according to VP of Media Scott Penniston.
Risk and reward: A Wall Street approach to marketing.
Where there is little risk, there is little reward. President & CEO Dan Nelson Jr. discusses the concept of venture marketing and pathway to performance-based accountability.