To Spur Change, CMOs Need More Managerial Discretion | Leading Edge | Industry Insights | All MKC Content | ANA

To Spur Change, CMOs Need More Managerial Discretion

A study conducted by V. Kumar of St. John’s University shows CMOs with more leeway in certain areas of the business can drive success when global companies enter foreign markets

CMOs cite a lack authority when their companies enter foreign markets, and they feel frustrated by the experience, according to a recent study. But chief marketers can play an instrumental role for brands that are expanding their global footprint — if senior management has the will to provide more managerial discretion.