Over 55% of some 506 sales and marketing professions surveyed by the CMO Council and its Coalition to Leverage and Optimize Sales Effectiveness (CLOSE) say their companies have yet to, or are only planning to, implement formal programs, systems or processes for unifying sales and marketing functions. While many recognise the benefits of better partnering across these key demand-generating functions, they are being stymied by lack of processes and systems, siloed operations, insufficient management mandate, and ineffective reporting and organizational structures.
The study, which reached out to a wide cross-section of marketing, sales and channel management professions worldwide, is part of a new initiative by the CMO Council to more tightly couple sales and marketing in helping companies drive business performance, improve lead quality and conversion rates, and acquire higher value, more profitable customers through better analytics.
Key findings from the CLOSE Sales & Marketing Integration Audit showed that: