1<!DOCTYPE html>
2
3Anonymous
4/bestp
5/bestp/domrep.nsf
637D212084E634276652581D80033964E
8
9
10
11
12
13
140
15
16
17/bestp/domrep.nsf/products/shaping-impactful-global-marketing-organization-in-measurement-instrumentation-sector
18
19
203.227.249.234
21
22
23www.best-in-class.com
24/bestp/domrep.nsf
25BMR




Products & Services Marketing Management Marketing Teams: Structure, Staffing and Budgets

Shaping an Impactful Global Marketing Organization in Measurement and Instrumentation Sector

ID: PSM-345


Features:

10 Info Graphics

36 Data Graphics

260+ Metrics


Pages: 54


Published: 2017


Delivery Format: Shipped


 

License Options:
close

Single User: Authorizes use by the person who places the order or for whom the order was placed.

Sitewide: Authorizes use of the report for a geographic site. All people at site can view the report for a year and copies can be printed.

Corporate: Authorizes use for the entire company for a year and copies can be printed. No limitations for usage inside the company.




Buy Now

 

919-403-0251

  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • STUDY SNAPSHOT
  • KEY FINDINGS
  • VIEW TOC AND LIST OF EXHIBITS
The measurement and instrumentation sector of health care is characterized by high complexity of products, rapid market growth and an ever-changing regulatory landscape. These factors contribute to the growing marketing challenges, thereby forcing marketing organizations in the measurement and instrumentation sector to continuously adapt and evolve.

Best Practices, LLC undertook benchmarking research to identify the critical requirements for establishing an impactful global marketing organization in the measurement and instrumentation sector. In particular, this report delivers benchmarks around marketing function structure; reporting relationships; roles and responsibilities; staffing; budgeting; training; CRM utilization; relationship with sales; operating planning process and improvement opportunities.

Insights in this report will help marketing leaders determine the activities falling under the purview of marketing function; optimal allocation of marketing resources across markets, products and services; effective relationships and governance models; and critical competencies required for a successful global marketing function.

Industries Profiled:
High Tech; Medical Device; Pharmaceutical; Health Care; Technology; Science; Biotech


Companies Profiled:
Agilent Technologies; Bruker; Merck; PerkinElmer; Sigma-Aldrich; Thermo Fisher Scientific; Waters

Study Snapshot

Best Practices, LLC engaged 7 marketing leaders at 7 companies through a benchmarking survey instrument and interviews.

Key topics covered in this report include:

  • Reporting relationships at marketing organizations
  • Marketing roles and responsibilities
  • Roles and types of managers in your marketing organization
  • Marketing resource allocation
  • Marketing training and development
  • CRM utilization and oversight
  • Marketing and sales relationship
  • Marketing planning process


Key Findings


1. Centralized teams are focused mostly on strategic marketing, decentralized – on sales & services. Both teams are responsible for development and execution of product strategy.
  • Centralized teams are responsible for most aspects of marketing strategy and brand marketing. Additionally, centralized teams are likely to lead marketing operations, PR, marketing communications and production.
  • Decentralized teams are responsible for sales, services, product strategy and business development.
  • Commercialization, short & long term market modelling, technical communication and new and existing product support is a share responsibility of both centralized and decentralized teams.

2. 83% use Sales Force as their CRM solution. Marketers have full access to customer information in CRM.
  • All companies use a CRM solution for marketing. Eighty-three percent use Sales Force and only 17% use SAP. Eighty-three percent of companies are satisfied with the CRM solution they are using.
  • At a majority of companies, it is not mandatory for field staff to fill in all notes from calls. At all companies surveyed, marketing has full access to customer information in their CRM database.

Here’s a gist of the remaining study findings. Detailed findings are available in the full report.
  • Marketing organization is structured primarily as a combination of centralized and decentralized teams with marketing, sales and service organizations reporting to the same person.
  • At a majority of companies, product manager has an input on most of marketing activities. Product marketing managers tend to work on promotional and distribution strategies.
  • Average marketing budget is $47 million with 368 marketing FTEs. Most of the regions have flat marketing budgets and only Asia Pacific is consistently growing.
  • The majority of hires have a traditional marketing background. Only half of companies surveyed provide formal training for hires with non-traditional backgrounds. While they appear to be at a disadvantage, one year down the line, hires with non-traditional backgrounds appear to be more successful.
  • For a majority, marketing and sales are loosely aligned.
  • Marketing plays a critical role in building the annual operating plan.
Table of Contents

I.Executive Summary: Insights, Opportunities & Analysispgs. 3-6
Study Structure & Design
Universe of Learning: Benchmark Class
Recommendations
II.Structure, Reporting Relationships, Roles & Responsibilitiespgs. 7-19
Structure of Marketing Function
Reporting Relationships
Roles & Responsibilities
Managing Digital Marketing
III.Marketing Resource Levels & Allocationpgs. 20-31
Revenue Geography and Growth Trends
Staffing Levels and Growth Trends
Marketing Levels and Allocations
IV.Training and Development; CRM Utilization & Oversightpgs. 32-41
Marketing Background of Staffs
Training Duration
Training Program for Non-Marketers
Usage and Satisfaction of CRM
Access of Marketing Staff to CRM
V.Marketing - Sales Relationship and Market Planningpgs. 42-51
Function of Sales Force
Frequency of Interaction Between Sales & Marketing
Involvement of Marketing in Annual Planning Process
Changes Required for Marketing Operation
VI.Participant Demographicspgs. 52-53

    List of Charts & Exhibits

    Structure, Reporting Relationships, Roles & Responsibilities
    • Whether participating companies have a single head of marketing who is responsible solely for marketing?
    • Role of the person to whom the head of marketing reports
    • Reporting of marketing, sales and service heads
    • Structure of marketing function
    • Marketing leadership roles and their reporting
    • Roles/responsibilities that are part of marketing at participating companies, as well as where in the organization they are carried out
    • Organizational management structure - product managers and product marketing managers
    • Reporting of product managers
    • Responsibilities of product managers and product marketing managers
    • Responsibilities of market segment / vertical market manager
    • Participating companies’ approach towards digital marketing

    Marketing Resource Levels and Allocation
    • Percentage of revenue generated from each geographical region in 2017
    • Expected annual revenue growth rate in each region in 2017
    • Participants’ total marketing budget in the most recent fiscal year in USD
    • Expected change in the number of marketing FTEs over the next three years
    • Estimated percentage allocation of marketing FTEs by region supported
    • Budget allocation on headcount-related expenses, such as compensation, benefits, education and training, space, travel, and telephone
    • Percentage allocation of marketing budget by region
    • Expected change in marketing spend over the next three years – by region and by activities
    • Percentage of marketing budget dedicated to the listed activities

    Marketing Training and Development: Customer Relationship Management Tools
    • Percentage of marketing staff having traditional marketing backgrounds, such as undergraduate marketing degrees, MBAs, or previous marketing experience in B2B and B2C marketing roles
    • Number of days of training/development provided to staff on average per year
    • Whether participating companies have a formal marketing training program for non-marketers, such as sales professionals and those with science-related backgrounds, who join the function?
    • Effectiveness of employees with different backgrounds - traditional marketing background, a scientific or engineering background, field sales / service background - after one year in a marketing role
    • Whether rotational development program is in place for marketing staff that places them in the field for sales experience?
    • Customer relationship management (CRM): usage, software and satisfaction level
    • Mandate on field completed call notes
    • Marketing access to customer information in CRM

    Marketing and Sales Relationship: Managing Market Planning Process
    • State of Marketing-Sales connectivity within benchmark companies
    • Frequency of sales follow up on leads provided by marketing
    • Channels of field sales force
    • Frequency of sales input to marketing programs
    • Qualifiers used by marketing team to determine the quality of leads to be provided to sales team
    • Annual operating planning process and involvement of marketing organization in the process
    • Involvement stage of regional and local marketing organizations in the operating planning process
    • Improvement opportunities for marketing organizations