April 23, 2019

Integrated Campaigns Deliver 1.5x more Value

April 23, 2019

Integrated Campaigns Deliver 1.5x more Value

Business Strategy, Marketing Strategy, The Big 6 Challenges

Whether it’s launching a new product line or executing a new strategy to increase brand awareness or implementing your internal comms strategy, there is one thing we know that’s certain: collaboration and integration across multiple teams are keys to get the job done and get results. But this is not always easy.


Insight: Seamless collaboration is the key for businesses to be able to ensure strategy and execution can be tied back to business goals.

Data: In an integration study by Google, researchers found that, “there’s a 1.5x improvement in campaign performance when creative strategies and design are aligned to media, compared to when creative is built in a silo.”

Key Action Point: Learn how cross-functional teams and an integrated service offering have better capability to take a strategy from the boardroom to execution.


For many years, the marketing landscape is too fragmented: individuals or a specialist agency would traditionally work on a single element, and as a result, business opportunities and solutions to challenges may not neatly fit within their specific service line or skill set.

If there’s a business challenge you need to overcome or an opportunity you want to take advantage of, having a cross-functional team with an integrated process can be your true competitive advantage.


Key Trends that Drive the Future of Business

If we have a world where businesses are choosing multiple specialist agencies rather than one integrated team, and we're suggesting they change, then what in the world has changed? Here’s what we’re seeing.

 

Less Attention, More Choices: Consumers Are Overwhelmed More than Ever

In Australia, an average person is exposed to 3,000 branded messages a day. Whether or not it’s true when they say that people’s attention span is shorter than that of a goldfish, the fact remains that a lot of brands are competing for your audience’s attention and customers’ focus has become fragmented.

We live in a world where scrolling speeds are increasing and consumer interactions with brands are shortening. To win the hearts of their target customers, businesses need to break through the noise and stand out.

 

Competition in Virtually All Categories Has Increased

Competition can be good. It creates more awareness for the product or service offering. But the degree of competition among local and foreign companies has increased nowadays.

The top driving factors for this increased rivalry is technology, the economy, (for local businesses) ease of entry for foreign players, low differentiation, and high opportunity in the market.

 

Media Channels and Media Spend Have Become More Fragmented

With technology disrupting current business models and consumers changing they prefer to consume information, there is no wonder that media is evolving at a quick rate.

Where decades ago there were a few media channels to choose from (e.g. print and broadcast), today, disruptive technologies are making it possible for media to be fragmented into various channels and segments.

This leaves marketers with the challenge of identifying the best way to reach various target audiences at multiple touchpoints that will deliver the most return on media spend.

 

Customer Journeys Are More Complex

Marketers used to believe that customer conversion paths are linear — that prospects simply go through your ‘very organised’ path to purchase. In reality, they don’t go from stage 1 to stage 2 to stage 3 as we’d expect them to go.

Research from McKinsey & Company reveals just how messy the path to purchase is. People are different and unique, and so are their preferences, their needs, and behaviour. The key is for businesses to see their customers as individuals and remember that their relationship to your brand will be different.

 

Consumers have more power and ability to research and share of mind

The consumer behaviour is evolving. Before making a purchase in a store or online, customers conduct an online research, read reviews and testimonials, and visit the brand’s websites. It’s the new norm businesses need to embrace: customers would research the product online and shop offline.

 

Cross-Functional Teams Provide Better Results

Given the kind of world we are operating in, siloed teams don’t stand a chance. When there’s a lack of coordination and communication between your departments or your partner agencies, your customer-facing messages become inconsistent, and your target buyers will know something is off.

That’s a huge step backwards from boosting your campaign’s ROI.

In any strategy and execution phase, we achieve better results if we can get the best person and tool for the job and ensure integration and collaborative work between them. This is what cross-functional, or diverse, teams deliver. A highly effective cross-functional team outperforms a team that isn’t.

Cross-functional teams are often diverse in skill and knowledge. Diverse perspectives create a space for fresh insights, innovative ideas, and creative solutions.

More important than just skill diversity is diversity in terms of gender, culture, and ethnicity. Having a diverse team brings out the best in each member and the team as a whole, providing more value to the business and to their clients.

Harvard Business Review featured multiple studies that prove unlike-minded teams are smarter and more accurate with decision-making. The article revealed that these teams are more objective in inspecting facts, and less biased, and more innovative. Here are the highlights in that article:

  • Positive outcomes on financial return. McKinsey’s 2015 report revealed that companies in “the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean, and those in the top quartile for gender diversity were 15% more likely to have returns above the industry mean”
  • Decision-making based on hard facts. Diverse teams are able to point out more facts related to the topic in question than homogenous teams and made fewer factual errors, which tend to be corrected during group deliberation (Journal of Personality and Social Psychology)
  • Organised thought process. The scientists think that diverse teams may outperform homogenous ones in decision making because they process information more carefully. Remember: Considering the perspective of an outsider may seem counterintuitive, but the payoff can be huge.
  • More women, more radical ideas. Another study revealed that companies with more women were more likely to initiate forward-thinking innovations into the market in just two years (Innovation: Management, Policy & Practice)



What Happens When You Use the Wrong Tool for the Job?

In a world where brands exist and compete in an already noise-cluttered digital landscape, effective execution of strategy is imperative.

An integrated, cross-functional team ensures that your strategy is executed in a way that creates a unified and consistent experience for your target customers whenever and wherever they encounter your brand.

A highly effective execution, therefore, is a powerful integration of strategy, creativity, and digital. This is what gets businesses the maximum results they are after.

My company, Step Change, is composed of different teams and skilled individuals. Unlike-minded as we all are, we work hard with our clients so they can get the business results they aspire.

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Why an Integrated, Cross-Functional Team Is Better for You

Because a cross-functional team is composed of individuals from different functional areas, everyone brings their best practices, their knowledge, and their expertise to the table.

Moreover, because they live and breathe transparency and accountability, you can be confident that you will always be up to date with what’s been done.

Whilst a specialist agency or siloed team understand what they specialise in, they may not fully understand what will drive your business.

With a team that’s composed of diverse individuals (results-oriented problem-solvers, agile thinkers, business-minded creatives, and effective storysellers), you are guaranteed to get more results and more value for your investment. They are also able to build better-integrated reports for the board and manage internal stakeholder expectations.

 

Integrated Services: Get It Right the First Time

Our vision of Step Change was to be able to solve holistic business problems and grow businesses. Therefore we’ve brought together these services — strategy, digital, and creative.  

Step Change offers a full-service, nose-to-tail marketing agency. This means we don’t farm it out or white-label.

step-change-integrated-scope.001-1

The key to a successful marketing campaign is having a strategy to fuel it and am A-team that works harmoniously to help you achieve your business goals.

How do we do it? We start by focusing on building an overarching strategy. We then develop marketing strategies and tactics that will get your brand to where you want it to be. To that, we then create a practical and agile marketing plan, your roadmap for targeting and retaining customers. This allows you to take control of your business, as you will then know where to focus your marketing dollars to gain great ROI.

 

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