As CMOs Navigate AI, Aligning with CEO Growth Goals Is Crucial
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The CMO needs to be aligned on growth goals not just with the CEO but also with the CFO to secure the resources needed to meet rising performance expectations. In our 2024 C-Suite Outlook survey, compared to CEOs, more chief marketing officers (CMOs) see cost cutting as a route to boost profits in 2024, putting pressure on impact and value measurement to justify investments and show the value of the marketing/communications functions.
There is growing emphasis on brand building with both internal and external audiences to drive growth. Our survey results show CEOs cite internal communications and advertising as critical short-term and longer-term growth drivers. To ensure consistent brand building with customers and employees, communications, marketing, and HR teams need to work together on external and internal messaging strategies.
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Author
Denise Dahlhoff, PhD
Denise Dahlhoff, PhD
Director, Marketing & Communications Research
The Conference Board