JT 2012 17
JT 2012 17
ABSTRACT One of the most profound changes in the business landscape over the last two
decades has been the new emphasis on evaluating and managing performance. The urgency of
financial performances has been accompanied by growing awareness that these are not sustainable
unless the pillars on which they are based – marketing included – are properly assessed. On the
other hand, many organizations and professionals still consider marketing as a highly qualitative
and creative discipline where almost everything fits and few things are measured. Recent evidence
shows that this is not the case. This article seeks to highlight the importance of audits as a means
of revising and improving marketing practice, arguing that the concept, while well developed, will
need to address some new realities emerging from the changing marketing landscape. This is
necessary if marketing audits want to maintain their viability as an important management tool in
the future.
Journal of Targeting, Measurement and Analysis for Marketing (2012) 20, 212–222. doi:10.1057/jt.2012.17;
published online 29 October 2012
© 2012 Macmillan Publishers Ltd. 0967-3237 Journal of Targeting, Measurement and Analysis for Marketing Vol. 20, 3/4, 212–222
www.palgrave-journals.com/jt/
Marketing audits
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of marketing audits as a prerequisite for successful redirection, but may also need supplements
market strategies.22 or deletions in order to serve both the auditor’s
needs and the company’s aspirations. In a word,
Checklist approach to marketing they need to be adapted, as they are only a
audits means to achieve certain objectives, and not
A common approach to marketing audit an end in themselves.
consists in using a diagnosis questions checklist. We present in Table 1, by author(s) name and
The answer to these questions will provide in chronological sequence, the main checklists
information on the organization’s marketing identified in the literature, along with a brief
‘health’. This information can then be compared characterization.
with a pre-defined set of benchmarks,
expectations or goals. Regardless of the approach THE STUDY
that has been used to establish these benchmarks,
the auditors should have a clear view on the Method
reason that leads them to ask certain questions In order to assess the value of audits as a tool
and on the interpretation they will give to to evaluate marketing practice and to identify
answers. Implicit in each question is the evaluative dimensions allowing its refinement,
expectation that answers will mean good or a Delphi study was conducted among a seasoned
bad marketing practice. Therefore, in most group of marketing executives. This method has
cases the questions will involve a preconceived been shown to be superior to some other
idea of what should be the content of good methods of group judgment techniques.30,31
marketing practice for the organization, taking An intentional sample was drawn from the
into account the industry it belongs to.19 This Portuguese Stock Index to serve on the Delphi
model can be derived from existing literature, panel. This group of professionals was selected
empirical studies, management intentions, external due to their knowledge and experience in the
practices or market experts. field, as crucial to a successful Delphi is the
The logic of checklists translates to devising choice of experts.
a comprehensive set of questions or statements All potential panelists were contacted
covering all marketing activities; relevant items personally, by telephone or through e-mail.
can be selected and, hopefully, from answers The initiative aimed to explain the purpose of
given and respective relationships will emerge the study and the tasks involved, and to validate
guidelines for improvement. In this context, their participation. After this procedure, in
the more complete a particular instrument is, which some executives claimed unavailability
the easier it will be for users to choose the most to participate, we came to a Delphi panel
relevant aspects for each particular situation. composed of 13 experts belonging to the
However, it is important to bear in mind financial, manufacturing, utilities and retail
that it seems difficult to design a checklist to industries. The identity of each panelist was not
serve as a universal model. Furthermore, disclosed to the other panel members, ensuring
‘checklists can inhibit creative thinking and anonymity of responses.
produce an ill-considered acceptance of what The study comprised two phases. The
is revealed’ (p. 1),23 in the sense that when modification of the Delphi process used here,
blindly used, unexpected ideas that may arise which considers prior information through
during the process will hardly be taken into a series of interviews before beginning the
account . Checklists will only then be considered Delphi, is called SEER – System for Event
as the starting point, that is, the rational, logical Evaluation and Review.32
and technically grounded annotation of marketing In the first phase, all the Delphi panelists
aspects that impact company performance. To be were personally interviewed and asked to
fully effective, they require not only filtering or respond to a questionnaire consisting of five
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1. What type of marketing measures does your company use to assess overall marketing performance? (O)
2. How satisfied are you with the measurement of marketing performance in your company? (C:1-very dissatisfied; 5-very satisfied)
3. On evaluating marketing performance, how do you see the relevance of process metrics? (O)
4. Please explain the importance of marketing audits as a method to evaluate the appropriateness of the activities and assets a
company uses in its marketing. (O)
5. Does your company regularly engage in marketing audits? (O)
O (open-ended); C (close-ended).
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I SD I SD I SD
Marketing innovation 4.7 1.8 4.8 1.6 4.7 1.2
Customer relationship management 4.5 1.4 4.3 0.9 4.6 1.1
Online marketing 4.4 2.1 4.5 2.4 4.3 1.8
Ethics and social responsibility 4.1 1.7 3.8 1.6 4.0 1.3
Financial accountability 3.9 2.3 3.7 1.9 3.7 1.6
Marketing capabilities — — 3.4 1.5 3.5 1.7
Marketing integration with other functions 2.6 1.9 2.9 1.8 2.7 1.4
Integrated marketing communication — — 2.7 2.2 2.4 1.7
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Marketing audits
they are experts in respect of marketing know-how’. Marketing capabilities are therefore
information, and as a consequence they must core to the way in which marketing works,67 and
come to terms with information technology and according to Day,68,69 organizations can be more
be able to exploit its potential. This calls for new market oriented when they develop specific
evaluation methods insufficiently captured by the capabilities of market sensing, market relating and
traditional ones.55 strategic thinking.
The idea that firms do not operate in a The ability of marketers to influence
vacuum and that firms’ activities may have marketplace performance will be increasingly
negative consequences is nothing new. Marketers dependent on the extent to which core
are thus being called upon to take greater business processes are infused with a marketing
responsibility for the moral standards of their perspective and shaped by marketing-generated
behaviors and decisions and also for the social data. Unless other functions appreciate the
and environmental impact of their actions. value of what marketers have to offer, little
As corporate ethics and social responsibility have progress can be expected in terms of businesses
become hot topics for almost every business, embracing marketing concepts.12 On the other
forward-looking companies view ethically and hand, marketing tasks do not exist in isolation;
socially responsible actions as an opportunity to they are sub-processes within broader business
do well by doing good.56,57 Accordingly, it is vital processes. Marketing theory and practice must
for marketers to incorporate ethical and social therefore incorporate these processes explicitly
considerations in their work,58,59 as there is as an input to decisions that affect both
increasing evidence of a link between social marketplace and financial performance. In
responsibility, stakeholders and marketing short, there is the need for marketing integration
performance.60 with other functions.
Historically, there has been a deficit of financial Lastly, IMC can be defined as the notion and
accountability in marketing. Marketing practice has the practice of aligning symbols, messages,
frequently been labeled as thriftless and short of procedures and behaviors in order for an
adequate assessment measures, namely, in terms of organization to communicate with consistency,
the connection between actions and results.2,5,61,62 coherence, clarity and continuity within and
Marketers therefore feel they need to come to across formal organizational boundaries.70
terms with finance. They need to be able to The majority of the literature on integrated
argue effectively with the accountancy profession communication presents IMC as a revolution
and to develop ways to measure marketing expected to have wide-ranging consequences for
in terms meaningful to CEOs, CFOs and the way in which we think about and practice
investors. Knowing the value of the customer, management and marketing communication.71,72
understanding the financial impact of different Although the ideal of integration in connection
resource allocation or marketing actions, and with marketing communication is not new, the
being able to estimate returns on investments, scope of integrated communication has been
marketers will move from ‘hopes and dreams’ broadened to include virtually everything an
to facts and financial values. organization says and does and everyone who
Capabilities are skills in utilizing company is affected by the organization’s existence and
assets and allowing market demands to be activities.73
met successfully.63 Specifically, a marketing
capability is developed when the firm’s marketing
employees repeatedly apply their knowledge and CONCLUDING NOTE
skills to transforming marketing inputs to outputs Marketing is confronted with a transformation
(p. 4).64 In line with other authors,65,66 we like nothing before. This calls for adapting
understand marketing capabilities as a surrogate for or creating concepts, theory and methodologies
‘competence-based marketing’ or ‘marketing to address new phenomena as they emerge.
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The technique of marketing auditing, despite technical refinements and increased adoption
its weaknesses, has a long and distinguished of marketing audits.
heritage as a diagnostic device in marketing
management, providing information about
activities, actions and performances. Indeed,
the marketing audit should, in theory, be the
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