Gartner’s 2020 Annual CMO Spend Survey Research

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I love this chart.  I freakin’ love this chart.  For CMOs to acknowledge the importance of brand strategy, overtaking analytics and all other measures, is a powerful endorsement of brand work. Gartner’s study queried 432 CMOs.

I could get caught in the weeds asking questions like “How do the CMOs define brand strategy?”  or “What does your brand strategy framework look like?” but I won’t. I’ll just bask in the glow.

Apparently, brand strategy was near the bottom of this list when asked in the 2019 Annual CMO Spend Survey Research, so this is quite a leap up in importance.  Now, one could say the Covid-19 Pandemic is playing a role in this leap; the logic being, when marketers cut budgets and activity, strategy becomes more important — but I am going to take the win here.

Great job Gartner. Great job CMOs.

Peace.