Franchise Update Magazine Issue IV, 2015 | Page 23

the acquisitions there is much due diligence and subsequent team integration to execute, all the while keeping 7, then 8, then 11 brand marketing balls in the air! What’s the most challenging part of being a VP of marketing today? Speed of change that has come through technology! There are so many options coming at us every day: various marketing automation platforms, each offering subtle differences; automated review generation and response monitoring platforms; and online marketing agencies touting all of the greatest technology and support, just to name a few! It is difficult to not be distracted by “shiny squirrels” for fear of missing out on that “newest thing” that will catapult one or more of our brands to new heights. Because of this technological revolution, there is also an enormous influx of data we now have access to that could lead us down millions of rabbit holes. We have to be diligent in choosing the right data to scrutinize or we can get lost in analyzing for analyzing’s sake. Of course, the benefit of having this unparalleled access to customer data is that it gives us a holistic, 360-degree understanding of our customer on levels we never would have even dreamed of diving into in the not-so-distant past. What are the 3 most important keys to being an effective marketing leader today? 1) Staying agile. 2) Taking risks, a necessity in today’s world of rapid change because of technology advancements. 3) Talent acquisition and retention—while traditional marketing skill sets are needed, specialists with additional skill sets are a necessity as well, and many of those skills are relatively new and therefore difficult to find. How do you prepare a marketing plan and execute the strategies? Marketing plan development for a single brand is managed by the brand managers. They work with the operations team as well as the brand advisory council to solidify the plan the ad fund dollars will support. The brand manager is also responsible for overall execution of the plan, including tracking and reporting results, which prompts responsive changes to the marketing plan throughout the year. In addition, we have a team of local marketing managers who influence the overall local spend, which is much greater than the ad fund budget. While the brand managers create strategic plans to implement system-wide, franchise owners are not required to implement the plans on a local level. This is where our local marketing managers serve to educate franchisees on the benefits and importance of using the corporate campaigns, which are thoroughly researched and anchored by deep data analytics. How do you go about creating a “customer-centric” marketing and brand philosophy for 11 brands at once? We have done a lot of research into who our core customer is, what their lifetime value is, and how we can tailor our marketing to those segments that bubble to the top as “high value.” Because of the nature of our business, we have to ensure that every experience with our brands revolves around providing the customer with an outstanding, value- YY^\