Omnichannel success can feel like an elusive goal for life science marketers. Eager for growth, marketers grapple with rapidly shifting customer expectations and a deluge of emerging digital tools and techniques. Leaders ask about “shiny objects,” looking to marketers for quick fixes to sluggish revenue. Legal and regulatory are critical partners but often lack the systems, resources, and mandate to keep pace—further stalling progress. Customers, meanwhile, are drowning in information overload, struggling to navigate their own changing worlds and remaining skeptical of the industry’s ability to help.
What “was” no longer provides clear guidance on what “will” or “could” be. And, unlike the Sales process, there’s not even an established, foundational marketing model to evolve from. Life science marketing is suffering from an identity crisis at a time when companies need marketing the most.
The problem is, even beyond life sciences, marketing has lost its way. Just look at all the adjectives being put in front of the term marketing these days. In addition to omnichannel marketing, we have digital marketing, multichannel marketing, social media marketing, content marketing, email marketing, performance marketing, and growth marketing, just to name a few. Somehow, we’ve come to use individual, go-to-market tactics to represent marketing. Marketing, of course, includes all of these tactics, but these tactics in no way embody marketing. These tactical labels constrict marketing to a downstream, less strategic activity. This stance also makes it hard for marketers to discover and prioritize customer opportunities for growth.
Let us reclarify marketing’s purpose and where omnichannel fits in. Marketing exists in order to identify, create, and deliver value for customers. No other function in a company is designated to do this. Marketing is responsible for—or at least should heavily influence—the 4 Ps of marketing (PRODUCT, PLACE, PRICE, PROMOTION). Marketers should be identifying customer need, prioritizing and driving company efforts and resources to create things that answer customer need, and developing and steering how these things are brought to satisfy the customer. Marketing connects the customer to the company. Ideally, marketing is the steward of the customer and the strategic engine for the company.