You're torn between marketing and finance project priorities. How do you strike a balance to drive success?
Dilemma at the desk? Share your approach to balancing marketing and finance for success.
You're torn between marketing and finance project priorities. How do you strike a balance to drive success?
Dilemma at the desk? Share your approach to balancing marketing and finance for success.
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You don't! It is not the role of the business architect to strike a balance between competing business unit requirements. Your role as a business architect is to use business architecture, such as capability modelling, to show the business impact of different priorities, for the purpose of enabling the business to make fact-based prioritarisations.
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It is only a dilemma where true business architecture does not exist. If you had true architecture, you'd have process architecture. If you had process architecture you'd have an end to end framework in which investment and the delivery of the investment - through work - prioritised already. If however we are talking about something so micro as in what to do today, this marketing bit, or this finance bit, well it comes down to the criteria.
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Leverage Data-Driven Decision-Making Use Data Analytics: Utilize data analytics to inform marketing decisions and optimize financial performance. A/B Testing: Conduct A/B testing to measure the effectiveness of marketing campaigns and identify areas for improvement. Key Takeaways Align marketing and finance strategies to achieve common goals and objectives. Prioritize resource allocation and measure ROI to optimize marketing campaigns. Foster collaboration and communication between marketing and finance teams. Leverage data-driven decision-making to inform marketing decisions and optimize financial performance. By following this structured approach, you can effectively balance marketing and finance to drive business success.
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