ANA's New Diversity Report | WPP CEO Mark Read Talks Mergers | Skillshare's Lilian Guzmán On TV Advertising

Greetings from the Forbes CMO Network,

A new report from the Association of National Advertisers finds there is still a lack of diversity when it comes to people of color in the chief marketing role. According to the trade group’s new report released earlier this week, just 12% of the ANA’s 870 member CMOs identify as Black, Asian or Hispanic. Within the marketing departments of the nearly 30,000 people who responded to the ANA’s survey, 26% are ethnically diverse. Those totals have “virtually unchanged” since previous studies, according to the ANA. When it comes to gender diversity, the percentages are higher: 52% of CMOs and equivalent titles are women—up from 47% in 2019 and 45% in 2018. And within marketing departments overall, 67% of the nearly 31,000 respondents are women while 33% are men.

And with Thanksgiving less than a week away, the holiday ads keep on coming. This week, SodaStream released its seasonal campaign with Snoop Dogg celebrating the small things, and a new spot for USPS showcases mail carriers of 2020 delivering packages from home to home. Meanwhile, a new animated short film from Chick-fil-A captures the magic of animated Christmas classics, despite things being a "little off” this year.

Advertising seems to be rebounding in a number of sectors heading into the holiday shopping season. According to new data from GroupM, the auto sector has rebounded after its April decline with car manufacturers shifting spend to more direct online marketing. Meanwhile, CPGs are seeing big growth online with a 277% increase in retail sales via e-commerce channels.

The fourth and final episode of our CMO Summit Virtual Series, which will take place on December 10 from 1 p.m. to 3 p.m. ET. Register for this free event featuring nearly a dozen top CMOs and conversations on topics including the future of travel and how marketers are navigating global consumer and societal shifts amid increasing uncertainty. (Earlier this week we hosted the third episode, which featured discussions about the future of marketing in terms of video, entertainment and growth.)

Stay well,

Marty

Marty Swant

Marty Swant

Editor, CMO Network

Creativity

The Country Club Of The Future
 
 
The Country Club Of The Future

To adapt to a changing industry in which traditional marketing models no longer work, country clubs must rethink how they brand themselves. Focusing on sustainable practices, incorporating new technologies, and even creating a virtualization strategy will be essential to stay relevant.

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CMO Profile

 
Skillshare CMO Lilian Guzmán Talks Skillshare's Growth And TV Ad Strategy
 
 

Skillshare CMO Lilian Guzmán Talks Skillshare's Growth And TV Ad Strategy

This week, Skillshare launched a new campaign featuring a number of celebrities not just endorsing the platform, but learning new skills along the way. In a new series of ads, actors Neil Patrick Harris and Olivia Wilde, producer Kenya Barris, and hip-hop star Ludacris pick up a variety of new hobbies like doodling, illustrated lettering, and photography.

Skillshare, which raised $66 million in Series D funding earlier this year, has seen rapid growth during the pandemic as people stuck at home have sought to take up new hobbies and learn new skills to stave off boredom and improve their resumes. In fact, CMO Lilian Guzmán says the company has doubled its total users since 2018 and now has around 12 million registered members.

Like many learning platforms, Skillshare has focused on online courses. However, it wasn’t always that way. When the company was founded, it was actually focused on in-person training around business and tech. But a few years ago, the team realize they were excelling in the creative space.

“We did not come into this with a hypothesis. It wasn’t like we were like, 'Let’s move to creativity,'” Guzmán says. “We genuinely just said we have evolved a lot since the last time we’ve taken stock in the market.”

As part of Skillshare’s strategy, Guzmán says the company has been releasing new themed campaigns each quarter. For Q3, it was “Expect the Unexpected” and for Q4 it’s “Look, I Made This For You," focused on the holiday season.

TV advertising is still a new thing for the startup, but it seems to be working. Guzmán says the company’s brand score jumped after running broadcast ads in January. And right ahead of the Covid-19 pandemic in March, Skillshare ran connected TV ads and saw brand score jump again.

“When we run TV, we see our brand awareness score jump," she says. "And the way that we do this is I’m not a big fan of let’s spend a ton of money on something. I’m more of an incrementalist. Let’s find some channels and spend enough that we can educate ourselves and then continue to go up and up and up.”

Guzmán adds: “The other day, I probably had 15 people reach out to me because our commercial ran during CNN’s [election] coverage on Tuesday, which is not something we had bought into, just programmatic TV—we got lucky.”

"When we run TV, we see our brand awareness score jump. And the way that we do this is, I’m not a big fan of let’s spend a ton of money on something. I’m more of an incrementalist. Let’s find some channels and spend enough that we can educate ourselves and then continue to go up and up and up."

Lilian Guzmán

Chief Marketing Officer, Skillshare

Leadership & Strategy

WPP CEO Says Merging Company’s Iconic Agencies Will Bring ‘Creativity And Technology Together’
 
 
WPP CEO Says Merging Company’s Iconic Agencies Will Bring ‘Creativity And Technology Together’

Last week, London-based WPP said it would merge Grey and AKQA into a single company called AKQA Group. With 6,000 people in 50 countries, it will create a “new network model,” according to the company. And on Tuesday, WPP announced yet another agency consolidation by folding Geometry into VMLY&R. In an interview with Forbes about the newly formed AKQA Group, WPP CEO Mark Read says “it is important for every company to have a growth trajectory.”

Read The Full Story →

Also In Leadership & Strategy:

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