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    2Europe provides a comprehensive market research survey article and newsletter archive which includes Market Research topics such as Marketing Strategy, Brand research and Awareness Tracking, Customer Satisfaction surveys and more. We hope you find them of interest and if we can help with a subject you are researching please don't hesitate to give us a call: 01442 831711

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    Winning those budget battles

     

    We all know the feeling. You've worked hard to identify the marketing and research programmes that you want to run in the next financial year, only to realise that the budget-cutting process has devastated your plans. To defend your marketing and research strategy you need to approach the budget rounds with a clear plan that pre-empts the potential for budget cuts and gives you the upper hand in protecting the programme you've worked so hard to put together.

    • Link your marketing activities to financial outcomes

    Identify where the impact of the activity will have the most benefit. From incremental sales, to reducing customer loss, to the effectives of employees, each activity will have a financial outcome. Even if you can't provide specific data, you can model assumptions and ‘what ifs' as a means of justifying the expenditure.

    • Provide evidence of the effectiveness of your research as a means for generating a predictable outcome.

    Where possible, provide evidence of the potential impact through small scale test research / marketing to whet the appetite of senior management.

    • Educate senior managers of the dynamism of your plans

    Timing is everything. There's little point in keeping a winning strategy up your sleeve until your budget presentation. Become an expert in selling and anticipate the likely objections. ‘Pre-sell' your ideas to senior management and identify who is likely to be your most significant supporter or opponent.




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