Having now accumulated over 20 years of experience in global marketing, I have witnessed and participated in a few business cycles that have had significant impact on the efficacy of marketing. One that is unbelievably predictable occurs whenever the economy slows. The first reaction from the lionshare of companies is to cut marketing, advertising and business development budgets.

Lets think about that for a moment. Sales are down so lets reduce the spending on activities that are primarily responsible for sales! Imagine companies that actually maintain or even increase their spend in these areas during a slowdown. Their voice would be louder as many competitors would be less vocal. As well, their spend may be more efficient if suppliers and partners work with them to maximize their impact during the downturn.

So why do companies continue to cut these activities – because it is easy. What is harder is to capture the opportunity a slow down provides. Tom Peters has said, "Progress is mostly the product of rogues". Rogues or contrarians, these companies and leaders may prosper much more by making brave and intelligent decisions to invest and rise above the clutter rather than join their competitors in the same predictable and stagnant strategy.


Jeff Swystun, Chief Communications Officer, DDB Worldwide

Posted on June 9, 2008 9:50 PM | Permalink | Comments (3)