- Pub. Date:
Marketing matters just as much, if not more, during economic recessions!
In 2020, the longest period of economic expansion in U.S. history came to a grinding halt. Caught off guard by years of growth and record-breaking profits, architecture, engineering, and construction firms (known collectively as the A/E/C Industry) are now reeling and wondering how long the recession will last and how severe the financial impacts will be.
During the Great Recession of 2008-2010, many A/E/C firms made deep, devastating cuts into their Marketing departments. These 'cost-saving' measures caused waves of layoffs of marketing professionals across all job categories and levels of seniority. This type of extreme 'disinvestment' in marketing resources hinders a firm's ability to position its brand in the hyper-competitive landscape of a recession. To prevent this from happening again, we must understand the motivations and perceptions that drive firm financial decisions, and review some of the miss-steps marketing departments make when the tide goes out.
To do this, we explore:
How recession impacts the A/E/C Industry
'Firm psychology' and how it impacts Marketing departments
4 recession action steps to take immediately
10 Activities Marketing Departments Should Do Every Year to improve agility and strengthen team commitment and morale
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About the Author
Marketing at Low Tide:
How to Recession-Proof Your Marketing Department began as a presentation that Allison has given at events, conferences, and in webinars for the Society of Marketing Professional Services (SMPS) and the American Council of Engineering Companies (ACEC).
In 2019, she was awarded the Influential Marketing Leader of the Year award by the Oregon chapter of SMPS.
In May 2020, Allison was elected to the Beaverton City Council in Oregon. She will take office on January 1, 2021.
Table of Contents
Section I: Recession and the A/E/C Industry
Chapter 1 Remembering '08 in the A/E/C Industry
Chapter 2 Why Firms Cut Marketing Resources
Chapter 3 How Marketing Can Change Firm Psychology
Chapter 4 We're in a Recession, Now What?
Section II: Four Recession Action Steps
Chapter 5 Recession Response #1: The 'Check-Up' Checklist Assessment
Chapter 6 Recession Response #2: Staff Assessment and Cross Training
Chapter 7 Recession Response #3: Historical Analysis of the Great Recession
Chapter 8 Recession Response #4: Marketing Report-Backs
Section III: Ten Essential Annual Tasks
Chapter 9 Know Your Flow: Calculating Proposal Peaks
Chapter 10 Creating Your Annual Marketing Calendar
Chapter 11 It Takes a Village: Dialing in Staff Roles and Responsibilities
Chapter 12 The Critical Value of Interns
Chapter 13 Tighten Up Leads Tracking
Chapter 14 The Client Survey
Chapter 15 Digital Marketing: Reach Your Audience Without Wasting Your Time
Chapter 16 Establish (or Refine) Your Marketing Budget
Chapter 17 Create Transparency in Your Marketing Tasks
Chapter 18 Retreat!
Section IV: Caught in the Undertow - What Comes After a Layoff
Chapter 19 Looking Out at the Horizon