Franchise Update Magazine Issue IV, 2012 | Page 27

sages are receiving among franchisees. Much as it takes a significant number of TRPs for a message to be effective in TV or radio, it takes a significant amount of communication and discussion to gain alignment among an entire franchise community. So our communication and discussion process is robust. Every quarter, we hold a system-wide conference call with the entire franchisee community to review our results and discuss the next quarter’s priorities. The last part of that call is dedicated to Q&A, and the entire executive team stays on the line until all questions are answered. In addition, we lead quarterly local market business and co-op meetings to discuss local trends and opportunities. With the launch of each promotional event, we hold a system-wide call to review the promotion in detail. And every week we send a comprehensive communication to the entire system to provide timely updates and information. What are the three most important keys to being an effective CMO today? 1) Earn the trust and confidence of the CEO, board, franchisees, and executive team. 2) Consistently produce profitable sales results while building a compelling differentiated brand. 3) Be a strategic business leader as well as a functional marketing leader. In today’s business environment, successful CMOs do more than just lead the marketing and advertising function. They also support the CEO and management team as broader business strategists as well as business process and cultural leaders. How do you manage costs and budgets for the marketing department? Like most franchised brands, our marketing production budget is funded directly from contributions from both franchisees and the company. So strong oversight, transparency, and budget control are critically important. At Checkers, our National Production Fund is managed by a board consisting of three of our most respected franchisees and two corporate representatives including our senior accounting and advertising officers. The board meets quarterly to review the budget line by line and make timely spending decisions. How are you using different media channels to reach today’s franchise prospects? Our objective is to surround our prospective franchisees with Checkers’ sales and profit successes, compelling investment returns, and exciting brand news. To do that, we leverage earned, owned, and paid media. Our biggest successes in generating qualified leads have come from traditional trade publications as well as from non-traditional media like public relations and the right franchise portals. Checkers’ franchise marketing and PR efforts, especially the exposure “I am most excited about the opportunity social/digital media affords smaller, fighter brands like Checkers.” on Fox News and “Undercover Boss,” drove a seven-time increase in qualified franchise leads this year. Do today’s franchise prospects expect more from the franchise marketing department? How do you provide more? Definitely! To- day’s franchise prospects are seasoned business leaders, many with operations experience in some of America’s best restaurant and retail brands. They expect a compelling, well-positioned brand, differentiated products, well-tested and proven promotions, and the support to maximize all of that locally. As Checkers has significantly accelerated new restaurant growth, we’ve also significantly expanded our field market function. Today, we provide hands-on PR and marketing support for new restaurant openings from pre-opening through the first full year of operations. In addition, our field marketing group works with franchisees and company operators in our 35 active TV co-operatives and our non-TV markets to regionalize and localize our national marketing plan for maximum impact. How have marketing strategies and tools changed over the past decade, and how have you adapted? For me, this is the most exciting time to be in marketing. Economic downturns and new technologies drive disruption. And disruption inherently produces opportunities for those nimble enough and forward-thinking enough to seize the opportunity. I am most excited about the opportunity social/digital media affords smaller, fighter brands like Checkers. Traditional media favor the biggest brands in every category; huge media budgets win. But with social/digital media, it’s not just about big budgets. Creativity, innovation, and the connective tissue of a brand are what matters most. At Checkers, we continue to accelerate our social/ digital investment,