12/9/2023 0 Comments Moment of truth definitionTherefore, marketers must start by defining this MoT. It is even more remarkable that only 51% of all marketers have defined a clear MoT. Companies that do this and define a clear moment are much more successful than those that do not. ![]() It shows how much structural attention is needed from all marketers and that the MoT should not be limited to the boardroom.ĭefining the MoT is crucial in being successful and realising growth. Which is much higher than the next in line, namely the brand manager (58%), the CCO (55%), and the CEO (48%). 71% of CMOs have defined a Moment of Truth for their organisation. In many companies, the MoT is known to the marketing directors, but less known to marketing officers in their teams.Repeatedly, they add something or do something different, which keeps them ahead of the competition. The companies that do well at the MoT show new ideas every time and are innovative and creative in their execution.On the one hand by giving attention to where the MoT takes place and on the other hand by defining as many places as possible where you can make the difference. The certainty with which they do this and the attention they give to it is distinctive. These top performers have a clear strategy that is focused on winning at the MoT. ![]() These insights lead to the following 3 recommendations for marketers: It becomes more interesting when analysing why these companies belong to the top 10 and what “winners” do better than companies that perform less well. Interestingly, some firms are only mentioned in their home countries, such as ASML and Philips in the Netherlands, and Lego in Denmark. 10 companies that score well on the Moment of Truthīut which brands and companies score well on the MoT? To find out how marketers can learn from the top performers, all respondents were asked to name those companies (open question) that clearly stand out and are successful, leading to a clear top 10: Especially a bad experience with a firm/brand can make customers defect. Here we see a difference of 28%, which indicates the importance of clearly defining the MoT. The importance of having a clear view of the MoT becomes clear when we look at the differences between the top performers (companies that are growing, or winners) and the companies that are doing less well (declining or stable companies, or losers). Top performers have a clear view of the Moment of Truth ![]() The Moment of Truth can be defined as a specific point in the customer journey, where the customer forms an indelible impression of the product/brand/service which influences the customer’s decision to purchase or enter a transaction. However, the opposite is true: among B2B marketers, 61% have a clear idea of the MoT, compared to 45% among their B2C colleagues. ![]() Therefore, you would expect B2C marketers to have defined a MoT more often. Traditionally, we see a lot of attention in science for the MoT of consumers. This also means that for 49% of marketers this important moment is not defined. The research shows that only 51% of marketers have a clear definition of the Moment of Truth. What marketers do during the ultimate “Moment of Truth” to win the favour of the customer is revealed in the annual Brand Growth study by DVJ Insights among over 2,300 marketing professionals in Europe. From the many conversations DVJ Insights has with CMOs, marketing directors and CMIs each year, it becomes clear how important this moment is and how much effort is needed to be effective in this decisive moment. < Back to news items Press Release Only 51% of marketers have defined their Moment of Truth Published on 01 06 2022įor every brand or product, there is a decisive moment for whether the product or service is purchased.
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