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WebTrends Unveils Results from its First Annual CMO Web-Smart Survey; Key Findings Include a Major Strategy Shift to Viewing the Web as the Hub of Marketing, but Few Marketers Are Fully Prepared for This Change.


PORTLAND, Ore. -- WebTrends Inc., the global web analytics leader, today unveiled results from its "CMO CMO

See: Collateralized mortgage obligation


CMO

See collateralized mortgage obligation (CMO).
 Web-Smart Survey," which is the industry's first study to examine how leaders of marketing organizations view the growing momentum and influence of the Web. WebTrends survey polled more than 250 marketing executives to determine how big of an impact the Web would have on marketing this year, and how confident CMOs and other executives are in their ability to measure online marketing performance and create an ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot).  mindset mind·set or mind-set
n.
1. A fixed mental attitude or disposition that predetermines a person's responses to and interpretations of situations.

2. An inclination or a habit.
 in their organizations. Complete survey findings are available in the 2006 Web-Smart CMO Report at www.webtrends.com/cmoreport.

Overall the survey demonstrates the huge influence the Web has on every aspect of business, as well as the need for greater accountability, including the ability to prove how increased spending on the Web translates into growth and profitability, and the ability to continually improve how marketing campaigns perform. More than 83 percent of survey respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy.  plan to increase their investment in the Web this year. Even more telling, not a single marketing executive said that they would decrease their online spending in 2006. Some key findings include:

--The web is the hub: Over 56 percent of marketing executives said that the web was either the hub of their organization's marketing strategy, or that it would become the hub in the next year.

--Organizations aren't feeling ready: Marketing executives aren't grading themselves or their organizations very highly when it comes to their collective knowledge of the latest web marketing trends, strategies and technologies. On average, executives rated themselves 6.3 on a scale of 1-10. And they rated their staff even lower at an average of 5.5.

--Marketing teams will be even more accountable: Most marketing executives plan to increase accountability by investing in training and building metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM.  into employee reviews and compensation.

"As online marketing continues to gain momentum, marketing executives will be held accountable for creating 'web-smart' organizations that understand and fully leverage analytic an·a·lyt·ic or an·a·lyt·i·cal
adj.
1. Of or relating to analysis or analytics.

2. Expert in or using analysis, especially one who thinks in a logical manner.

3. Psychoanalytic.
 insights to accelerate business results," said Greg Drew, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and president, WebTrends Inc. "Those that truly get it are rapidly building a consolidated metrics framework to drive optimization optimization

Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics.
 efforts throughout their organizations and to build more targeted, meaningful and profitable relationships with their customers."

About the Survey

Produced by WebTrends Inc., the 2006 Web-Smart CMO Report includes marketing executives' survey responses from October to December 2005. Survey respondents represented a diverse sampling of business types and industries:
Business Type:
B2B               52.1%
B2C               10.3%
B2B/B2C           33.8%
Other              3.8%

Title:
Chief Marketing Officer           17.8 %
Marketing Vice President          25.8%
Marketing Director                28.6%
Other                             27.7%

Industry:
Retail                             3.8%
Financial Services/Insurance       3.3%
Media                              9.4%
Entertainment                      2.4%
Travel/Hospitality                 3.8%
Healthcare/Pharmaceutical          4.2%
Manufacturing                      8.0%
Consumer Goods                     5.2%
Telecommunications                 2.4%
Technology                        29.2%
Professional Services             11.8%
Government                          .5%
Other                               16%


About WebTrends

Thousands of web-smart organizations worldwide, including more than half of the Fortune and Global 500, depend on WebTrends to improve their web site conversions and optimize optimize - optimisation  their marketing performance for maximum return on investment. As the worldwide market leader for web analytics and marketing performance management, WebTrends has become the trusted standard not only for award-winning technology, but also for a full range of consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services"
 and unmatched industry expertise. By delivering accurate and actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action.

An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it.
 metrics through both on-demand and software options, WebTrends ensures that its customers are positioned for both immediate and long-term success with a solution that can adapt to ever-changing business and technical requirements.

WebTrends is a registered trademarks of WebTrends Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and other countries. All other trademarks mentioned are the property of their respective owners.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 28, 2006
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