How do you decide between working with a full-service, integrated marketing firm or an array of specialists? (See recent post on the meaning of the terms full-service, integrated, channel-neutral and hybrid.)
Consider the difference between a department store, such as Macy’s or Walmart, and a specialty store such as Best Buy or Lowe’s. You go to the department store for convenience, everything under one roof. You go to the specialty store for greater expertise and selection within the category.
CMOs must make a similar decision. Hire a generalist firm or an army of specialists in research, strategy, creative, media-buying, web development, PR, direct marketing, SEM/SEO, video production, design, social media, and more?
Which approach is better?
The answer lies in whether you wish to be the conductor or not.
Imagine the discord if every musician in an orchestra played his or her own selection simultaneously without coordination. It’s the definition of cacophony.
Or picture a house built without a general contractor to supervise the subs. Not only would the schedule and budget suffer, but the home would likely be unlivable.
To achieve results in marketing, someone has to coordinate the effort. Will it be you supervising a collection of specialists or will it be a full-service marketing firm coordinating within? To help decide, ask yourself who will keep your marketing:
On brand. A full-service firm with integrated services is typically responsible for defining and maintaining brand standards throughout multiple initiatives. It will be better at keeping your messages consistent.
Specialists will be accountable only for their own areas of responsibility and will not be effective at tending the larger brand. Does the PR messaging match the ad campaign? Does the web site reflect the standards? That will be your job.
On strategy. A generalist firm will serve as your strategic partner, unless you employ a separate strategy consultant. An team of specialists will rely upon you to set the course and give them direction.
On budget. A generalist firm will be responsible for allocating and staying within the overall budget as provided by you. Assuming they are channel-neutral, they will provide strategic recommendations within your budget (See recent post on sharing the budget upfront for smarter strategy.) Specialists will be responsible only for their individual allocation. It will be up to you manage the overall budget.
In sync. Specialists will meet their assigned deadlines only. Did the creative shop get the ads to the media-buying service on time? Has the web developer followed through on the SEM specialist’s recommendations? When working with multiple firms, you will be responsible for keeping all of the trains running on schedule. A generalist firm, on the other hand, will manage the timing and coordination of all of the campaign elements.
Off of the firing line. The CMO is ultimately accountable for results. Specialists will be responsible for their areas of concern only. Generalist firms expect to be involved in goal-setting upfront and are willing to take shared responsibility for overall results if included in strategy development.
Both approaches work. Would you rather hold one firm accountable or shoulder the responsibility of coordinating the efforts of many yourself? Which approach works best for you?