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Marketing’s capability crunch: ANZ, Deloitte, Destination NSW marketing chiefs back Australian Marketing Institute bid to mirror Chartered Accountants, CPAs for industry-wide professional certification, credibility, status

Amid exploding remits and static resource, marketing is being squeezed – and compared to what's coming down the track, we've only seen the tip of the iceberg. The reaction by many marketers has been to seek safety in specialism. But that risks narrowing career choices at best and functional obsolescence at worst. Which is why the Australian Marketing Institute (AMI) has created a 25-strong capability program that future-proofs marketers and gives marketing the same accredited status and standards as accounting and engineering, via its overhauled Certified Practising Marketer (CPM) program. Marketing bosses from ANZ, Deloitte and Destination NSW are among those backing the push for an overarching professional development and standards benchmark for industry – agencies, media and customer tech included. AMI CEO Bronwyn Powell, a former local and global CMO with the likes of Mars and KFC, urges Australia's marketers – from top, through middle-rankers to those beginning their careers – to get on board and upskill their way to growth, status and credibility. Agency leads too – and Powell's also targeting CEOs and CFOs.

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Marketing’s capability crunch: ANZ, Deloitte, Destination NSW marketing chiefs back Australian Marketing Institute bid to mirror Chartered Accountants, CPAs for industry-wide professional certification, credibility, status

Marketing remits are expanding faster than most professions but unlike accounting or engineering, it remains splintered and without common professional capabilities, standards and accreditation. Indeed, marketing, agency, media and customer tech professionals across the entire customer and marketing supply chain risk career irrelevance because they’re simultaneously losing sight of marketing’s fundamentals – like strategy and commercial nous –  and the diverse new capabilities they need to join-up marketing and customer functions to drive business growth. Senior marketers at ANZ, Deloitte and Destination New South Wales are trying to bridge that gap. But even the likes of ANZ’s Kate Young, who launched a major upskilling program for the bank’s 300-plus marketers in 2019, says the pace of change means a refresh is already required and the program – and ANZ’s marketers – must operate in a two-speed environment: Core capabilities for today plus anticipating what’s coming down the track as personalisation shifts to “anticipation”, plus rapid advances in automation and generative AI. Destination NSW Marketing GM Kathryn Illy is upskilling her team away from pure ROI-focused performance marketing to better understand what makes people want to visit NSW in the first place. As well as putting skills programs in place she’s hiring from ad agencies – and says the numbers show it’s working. Deloitte CMO Rochelle Tognetti is upskilling her 270 marketing staff around commercial acumen and the collapsing walls between client and employer brand, along with organisational capabilities and governance. All three marketing bosses are backing the Australian Marketing Institute’s re-fuelled drive to future-proof marketing’s skill set across 25 essential competencies. AMI CEO Bronwyn Powell says accreditation, in the same way that accountants and engineers achieve chartered status, gives marketers a far broader appreciation of business fundamentals while mapping a path to the c-suite. Perhaps worryingly for the top end of town, Powell thinks younger marketers are hungrier to upskill than mid and senior-level pros. She’s urging the entire market – agency and media bosses included – to identify skills gaps, personal and team-wide, and join the AMI’s push to plug them along with a revamped path for professional credentials which peak at an AMI Certified Practising Marketer and AMI Fellow.

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Mi3's all-time top stories of 2023: Corporate conscious uncouplings and PwC, Ehrenberg-Bass 'dogma', CDP benders, Tourism Australia rules, marketing effectiveness reigns and agency models monstered

Like Mi3's top Marketing stories for 2023, marketing and advertising effectiveness ruled the heatmap in our overall biggest stories for the year. But there's a new wave of surging industry interest in customer tech – customer data platforms, martech stacks and decisioning engines have been notable areas of rising interest from marketers and the agency sector this year. Plus a little corporate intrigue went a long way when Thinkerbell split with PwC and its stake in the agency after the big audit and advisory firm's tax scandal. There was also much intrigue around the broadcaster v streamer street fight and Australian adland's biggest export – Accenture Song's Global CEO, David Droga.      

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