
More than 60% of global marketers optimistic about business in 2024
While marketers in many countries are worried about a recession, there is also optimism regarding the business climate and marketing budgets.
CUSTOMER FOCUS
By our News Team | 2023
Marks & Spencer boss says head office staff and C-Suite execs must be on the shop floor with customers as part of their annual review.
The CEO of Marks & Spencer, one of the world’s leading retailers, has introduced a requirement that all head office staff must spend seven days annually in customer-facing roles on the shop floor.
This will be a mandatory part of their yearly performance review and not even top-level C-Suite executives are excluded.
Major retailer Marks & Spencer now requires its top execs to spend regular time on the shop floor. Photo credit: Wing 1990hk via Wikipedia
“And by the way that’s not just popping in, saying ‘hi’ and doing your shopping – it’s proper work,” CEO Stuart Machin told the London-based Sunday Times newspaper in an interview.
Machin started his own retail career by stacking shelves at Sainsbury’s, a British supermarket chain, when he was a teenager.
Marks and Spencer is a major British-based multinational retailer that specialises in selling clothing, beauty products, home products and food products.
In his Sunday Times interview, Machin said that the long-term success of the business relies on what’s happening on the shop floor, rather than conversations in boardrooms.
Important to be ‘sleeves rolled up’
“It is critically important that [the company is] ‘sleeves rolled up’ and close to colleagues who serve customers,” he stated.
According to a report in another UK newspaper, The Independent, there are examples of other customer-facing businesses doing something similar.
Earlier this year, the incoming Starbucks coffee shop chain CEO, Laxman Narasimhan, said he would be donning an apron and taking on a half-day shift in one of the brand’s coffee shops each month.
DoorDash, an American online food ordering and food delivery platform, requires its senior managers to do monthly deliveries to customers.
In an interview for The Independent article, HR and workforce development expert, Jessica Brannigan, said there is merit in the strategy.
“In any business, particularly [larger companies], we tend to hear employees say that leaders just don’t know, or appreciate, what they face ‘on the ground’ – that they are somehow removed from the ‘real’ business,” she explained.
Another HR expert, Sarah Stevens, said it allows management to unlock “insights that they wouldn’t otherwise access, whether that’s practical, like poor-performing systems, or … a floor layout that isn’t conducive [to success], or customer-service policies that don’t make any sense.”
While marketers in many countries are worried about a recession, there is also optimism regarding the business climate and marketing budgets.
US industry body warns marketers to be vigilant as programmatic media is ‘complex’ and ‘can be non-transparent’.
Dentsu says big events like the Euro 2024 soccer finals and US presidential election will help to push up spending.
Look for transparency, check results of previous projects, and request an air-tight scope of partnership, advises industry expert.
AMC’s range of Short Courses is designed to complement the study and career-growth initiatives offered by our member countries.
More people also took advantage of deals to buy everyday items, rather than spending on big-ticket luxury goods.
Bath and body well-being brand creates a 3m-high candle and lights it in a busy Christmas shopping precinct to encourage people to ‘reset’.
Data from 2008 recession indicates that, in another recession, the amount spent on higher-priced Fair Trade goods may actually increase.
Interbrand study says lack of growth mindset, weaker brand leadership and poor forecasting are among the key reasons.
Tlali Taoana has experience in strategy, marketing and executive roles, and will expand the capabilities of the business.
AMC President flies the flag at the World Marketing Forum in Thailand, then welcomes Tunisia as the confederation’s 11th member.
Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.
Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.
Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.