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Venture Marketing Organizations(一)
Venture Marketing
Organizations
Winning the Race for
New Market Opportunities
McKinsey
Marketing
Practice
Overview
Many traditional marketers are frustrated by their inability to
respond quickly to today’s increasingly multifaceted marketing
opportunities. Their attempts have led to organizations pursuing
too many opportunities simultaneously with little prioritization
and too few resources.
An increasing number of winning organizations are addressing
the new economy challenge by applying a venture capitalist
approach to marketing organizations.
These Venture Marketing Organizations (VMOs) are distinctive
in their ability to:
Create fluid organizations that can mobilize quickly into
opportunity teams
Drive fast decision making from the top yet make opportunity
identification everyone’s job
Focus resources on highest-payback opportunities by quickly
pruning losers
Hire people into roles, not jobs
Most marketing organizations recognize the need to move
faster to capture the multiplicity of new opportunities in
today’s marketplace. However, relatively few companies have
a proven approach for moving faster effectively. Many have
responded by empowering their organizations to rush to cap-
ture these opportunities, only to find this “let a thousand
flowers bloom” approach unleashes too few resources chasing
too many ideas. Inevitably, the result is poor execution and
the senior marketing managers remain frustrated at the profit
impact from new opportunities.
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