Daily Archives: October 18, 2008

Meltdown an Opportunity for Marketing

Even when the economy looks bad your marketing doesn’t have to suffer, says Dominique Hanssens, Bud Knapp Professor of Marketing and the Marketing Area Chair at UCLA’s Anderson School of Management. In fact, Hanssens, who recently served two years as the executive director of the Marketing Science Institute in Cambridge, Mass., and whose courses Andersen include Marketing Strategy & Planning and Research in Marketing Management, thinks a downturn is one of the best times for marketing to shine.

For full interview, click HERE.

Digital Ad Spending Up

According to a new Epsilon CMO Survey, Chief Marketing Officers at many of the biggest brands in the nation are seeing a major shift in the marketing landscape. 63% of the 175 marketing executives surveyed see an increase in their spending on interactive/digital marketing while 59% report a decrease in traditional marketing spend.
65% of CMOs say that the money spent on advertising as a whole will decrease due to the current economy. In contrast, 94% of CMOs and marketing executives agreed with the statement, ‘A tough economic period is precisely the time when marketing plays a key role. 

To read the full study, click HERE.  Courtesy of the CENTER FOR MEDIA RESEARCH.