CMO Powerlist: ANZ’s Sweta Mehra Wants Customers To Fall In Love With Brands Again
For Sweta Mehra – one of the supremely talented marketers to make it on this year’s CMO Powerlist – there’s no right or wrong answer in the marketing discipline.
The field is a free-for-all, combining elements of economics, statistics and behavioural science which allows one “unlimited whitespace” to formulate strategies and achieve goals.
Despite Mehra never originally aspiring to become a CMO, it was this flexibility, and the opportunity to continually learn and grow which drew her in.
Mehra – who has been CMO of one of Australia’s largest banks, ANZ – has been a marketer from day dot.
After graduating from university, she held various marketing roles at Proctor and Gamble in Singapore – including brand manager and associate marketing director – before arriving in Sydney to consolidate her years of hard work with a top job at one of the region’s leading financial bodies.
“I’ve been fortunate to learn from and work with many great marketers in my career at Procter and Gamble, with many of them being by my managers and mentors,” she said.
“I don’t idolise any particular marketer, but I admire many of my peers in the region.”
Given the average CMO tenure is two years, it comes as little surprise someone as experienced and dedicated as Mehra would maintain her position since July 2017.
“It’s a great responsibility to be a CMO, and it does take about six to 12 months to get to know a business and build deep relationships,” she says.
“A change every two years runs the risk of brand positioning not being consistent, and an organisation where marketing is lacking a strategic direction and has a limited influence at senior levels.”
Considering this, it’s no surprise Mehra is well aware of what separates a good marketer from a great marketer.
While the former may understand the brand, the ANZ CMO says the latter understands the business and the category as well as the brand. A good marketer also understands the customer’s needs, while a great customer creates the customers’ needs.
Furthermore, a good marketer tells a story and creates solid campaigns, while their “great” counterpart instead leads in experience and innovation.
“A great marketer will go beyond the brief and be bold, curious and persistent,” says Mehra.
John F. Kennedy once eloquently said, “Change is the law of life. And those who look only to the past or present are certain to miss the future.”
It doesn’t take an Apple Store Genius to realise technology is speeding ahead – and often veering-off in unexpected directions – at a breakneck pace. And while a marketer’s role has leaned more into tech every year with new tools and platforms, that doesn’t mean they’re always experts in it.
That said, Mehra believes marketers have adapted well as the field has shifted from “door to door, to print and radio, to TV, and now digital.”
“It just requires us as professionals to remain on our toes and be lifelong learners. Those who don’t will struggle to keep up with the pace of change,” she says, echoing the former U.S. President.
“Great marketers are always clear on demonstrating value and deliverables most relevant to the business and brand objectives. Technology has just added to their arsenal of measurements.”
As to whether or not technology is making marketers more accountable, Mehra says it depends on how it is ultimately used.
When used well, she says tech has provided “extra visibility and depth” on customer actions, following multiple brand engagements which can result in improved customer experience and business outcomes.
However, Mehra warns improved tech can also lead to data overflow, which in turn creates “indecision and confusion on where marketers should focus their efforts”, resulting in short-term goal emphasis at the cost of long-term brand and business health.
So, what channels – tech or traditional – have worked for the CMO of one of Australia’s “Big Four” banks?
Despite print’s diminishing role in the encroaching shadow of other content and customer engagement formats, Mehra says every media channel continues to play a role in the “marketing mix”.
For Mehra, marketing in the modern day hasn’t deviated from that of yesteryears, so much as the role a marketing plays.
“The process of creating, crafting and delivering valuable offerings for customers, clients, partners and broader communities remains the same,” she says.
“However, marketing’s role varies across industries quite significantly. In some organisations, marketing plays a strategic role with end-to-end ownership from innovation to sales, while in others, marketing is relied on primarily for brand communication and advertising alone, with limited influence on all levers of revenue and growth.
“This is where confusion on marketing’s definition arises.”
She says the evolution and introduction of platforms has placed more budgeting pressures and time constraints on the modern marketers.
And while this may be the case for innumerable industries and businesses in the rapidly shifting, globalised world (Mehra admits, “this is not a good enough excuse”), she understands why certain criticisms are often levelled at others in her profession.
“I can understand why for many marketers it is incredibly tempting to stay in safe zones and to keep on doing what worked before,” she comments.
“I would agree with the sentiments from the agency that marketers aren’t daring enough day to day! The incentives for experimentation in the system need to be nurtured and encouraged by CMO and other senior leaders.”
With more pressure on every industry and business – from Hollywood to Hungry Jacks – to continue playing it safe, lest they deviate from the norm and risk business harm, it becomes increasingly difficult to imagine a future where “daring” is the norm.
Even the once celebrated Super Bowl commercials, depicting A-list celebrities galivanting through self-deprecating and nostalgic scenarios has become the norm, and borderline formulaic, as of late.
“While continuing to be customer-centric and commercially driven, the future marketer will be data- and insights-led, technology savvy and an expert on new and emerging business models,” says Mehra.
“Most customers don’t love every brand in the marketplace. The trick is to be the brand that customers love like Apple or Nike. It’s a great mission for marketers to build a brand that customers love, and it’s my primary focus at ANZ.
“I’d like to believe that customers see what ANZ is doing for their financial wellbeing and appreciate this. I believe it’s a great mission: to make a brand that customers fall in love with.”
Latest News
TV Ratings (18/04/2024): I’m A Celebrity Wins Prime Time And Key Demos
Aussie viewers can be a harsh lot at times. Only days after Ellie Cole bled her heart out, she has been sent packing.
Effie&co Launches New ConnectAsia Division To Help Aussie Brands Market To Asian Consumers Overseas & At Home
Not provided is advice on using chopsticks and not spilling ramen down your shirt.
Cashrewards Sets Out Stall For New CMO
Thinking of applying for the Cashrewards CMO gig? Here are some insider tips that, yes, are tantamount to cheating.
‘I Ask For The TV Industry To Stand Up And Defend Itself’ – Seven Boss James Warburton Steps Down
The Seven supremo heads for the exits after five years. Here's hoping the Spotlight team organised the farewell bash.
Poh! Jamie! Adriano! Paramount ANZ reveals its tasty plans for this year’s MasterChef
It's your fan's guide to this year's MasterChef! Although no tips on how to pronounce crudités or use a un fait-tout.
Dentsu’s iProspect Partners With MOOD Tea Ahead Of May Campaign Launch
We love a Mood Tea here at B&T. Although we do store old screws and nails in the International Roast caterer's tin.
Opinion: When Culture Starts Eating Itself: Navigating The Age Of Self-eating Nostalgia
Born boss David Coupland asks is adland going through a nostalgia period? But please, no repeats of Best Of Red Faces.
Who’s Going To Cannes?! The TikTok Young Lions Winners!
It's Aussie adland's next gen! They're off to Cannes with high hopes of bringing back a Lion & a foot-long Toblerone.
Adobe Launches Express Mobile App With Firefly AI
Want to be the coolest kid at Friday staff drinks but forgot your retro Nikes? This new Adobe wizardry may do the trick.
ThinkNewsBrands & IMAA Extend News Publishing Education In Brisbane
Industry duo takes its publishing roadshow to Brisbane. Was disappointed no male attendees were wearing walk socks.
B&T Chats With Wavemaker’s Provocative Pioneers On Their Cross-Pacific Sojourn
B&T TV heads to Wavemaker's Sydney digs to interview two staffers from its New York & LA digs. If that makes sense?
HoMie & Champion Launch “Give One. Get One” Campaign Supporting Youth Homelessness Via Town Square
Much like the fête's prized chutney wears a blue winners sash, so too should this top initiative from HoMie & Champion.
Thinkerbell Takes Us Back To Summer In Latest Work For XXXX
This beer ad wants to take you back to summer! Just minus any chance of a shark attack on your morning bus commute.
Cannes Lions Unveils 2024 Programme Featuring Queen Latifah, Jay Shetty & P&G’s Mark Pritchard
Are you one of the lucky ducks heading to Cannes in June? Check out the headliner acts you'll be queueing hours to see.
Scroll Media Recruits Costa Panagos From Twitch
Costa Panagos set to bring South American flair to the Scroll offices. Assuming that he is, indeed, South American.
Year13, Microsoft & KPMG Australia Launch AI Course For Gen Zs
Born around the 2000s? Need to amp up your AI creds? This guide's for you (although it's not really that age specific).
General Motors Snares Heath Walker From Scania
Do you rage about oversized American cars on our roads? You need to bail up Heath Walker at parties & industry events.
VML Launches New “Envoyage” Brand For Flight Centre
VML unveils new brand for travel operator Flight Centre. Alas, no sign of those paid actors pretending to be pilots.
Subaru Places Media Account Up For Review
Subaru puts media up for review, as adland journos get set for mandatory "agency drives off with..." headline.
TV Ratings (17/04/2024): Contestants Faced With Harsh Realities As Alone Australia Heats Up (Or Cools Down)
Alone still doing the business for SBS. Overly long train journeys not doing the business, but they persist anyway.
Ben Fordham Loses Number One Spot As Ray Hadley Celebrates 156th Ratings Win
The radio numbers are in! Discover who's off for a boozy lunch today & who's waiting for the dreaded HR death knock.
Gourmet Ice Cream Brand Connoisseur Launches New “Thrill Your Senses” Iteration, Via SICKDOGWOLFMAN
Rattling the old "truth in advertising" adage comes this ice-cream spot full of noticeably thin people.
Paramount’s Global Sales Boss: ‘Australia’s Converged Model Is A Blueprint For How I’d Like All Of Our Markets To Be’
Paramount's global sales boss gives local sales ops the thumbs up. Didn't weigh-in on the Lisa Wilkinson debacle.
TikTok Starts Testing Its Instagram Rival In Australia
In exciting news for piano playing cats & brattish pranks in shopping centres, TikTok unveils its Insta rival plans.
Man Wrongly Named By Seven As Bondi Killer Hires Lawyers
Struggling to save for a house deposit? Why not get wrongly identified by Sunrise!
Smartsheet Appoints Indie Agency Sandbox Media To Its Media Account
Can't stand your colleagues? Like to dob them in when they miss a deadline? These work management platforms are ideal.
Boss Not Letting You Come To Cannes In Cairns? Use This Business Case To Convince Them!
Stingy boss won't spring for a ticket to Cairns? Add this to your persuasive argument repertoire. Or grovel.
Alt/shift/ Brisbane Builds Portfolio With Ausbuild Creative, PR, Content & Social Account Win
The Brisbane comms/PR agency lands constructor Ausbuild. Also hoping for a discount on its new glass conservatory.
Young Guns Versus The Old Guard: Who Adds More Value to Our Industry?
Cannes In Cairns poking this hornet's nest in a lively debate. Just so long as the oldies can get up the stairs.
70% Of Aussies Don’t Have Green Power Plans ENGIE Says In Major Brand Campaign Via HERO
Are you the notorious "light leaver on-er" in your flatshare? Quell any infighting with this green energy news.
PrettyGood Launches Offering Brand & Media Solutions For Australasian SMEs
B&T applauds the charitable nature of this new agency. Although we'd hate to see it impact any Chrissie present sends.
A Blunt End: Dolphins Medicinal Cannabis Sponsorship At Risk
Yes, it's another NRL drug story. Yet, thankfully it doesn't involve coke in Kuta during the off-season.
Slew Of New Creative Hires At Leo Burnett Australia
Ahhh, all black! The outfit of choice for agency creatives, David Jones staff and everyone in Melbourne.
Under Armour Unveils Local “Live in UA” Campaign
American apparel brand set for yet another tilt at the Aussie market, as Nike declares "we'll see about that".
Pepsi Launches New Look, Refreshing Classic Fashion Staples Via Special PR
Are you always the bridesmaid, never the bride, as the old saying goes? How do you think Pepsi feels?
Pure Blonde Returns To A Place Purer Than Yours In New Campaign Via The Monkeys
B&T's always been a huge fan of the 'drink yourself thinner' diet plan. So big thanks to Pure blonde, vodka & tequila.