February 13, 2020 under
RAPP'S GLOBAL HEALTHCARE LEAD, JUSTIN THOMAS-COPELAND, ON HOW TO GET MARKETERS IN THE BOARDROOM
"In many cases, marketing as a whole is discussed from an ad-hoc perspective during budget talks—which is why it's often the first expense to be cut when revenue comes into question.
It's also the likeliest reason the marketing discipline is so underrepresented at the board level. Just look at the Fortune 1000: Active marketers don't hold even 1% of board seats.
And that probably won't change in the very near future, as marketing ranks toward the bottom of "most-wanted" board backgrounds at 21%—well behind financial expertise at 62%.
But business is much more competitive and moves at a faster pace than in years past, with the journey from marketing to revenue reduced dramatically. No longer is marketing the end of the pipe, focused solely on using a product or service and driving demand. As the world economy moves from pipe business models to platform- and ecosystem-based models, the dynamics of demand creation and monetization are merging to create holistic value. As a result, marketing will take a more central role in the new business dynamic."
Finish reading the article on MarketingProfs.