
Can Marketing Prove Its Value? ROI, Measurement & the CMO’s Seat at the Table
Marketing leaders are under increasing pressure to answer a deceptively simple question: What commercial value is marketing actually creating? In this episode of the LT Marketing & Leadership Show , Kevin Britz and marketing and communication expert Craig Page-Lee continue their exploration of McKinsey’s State of Marketing Europe 2026 report — this time focusing on effectiveness, measurement, ROI and C-suite credibility . The challenge is significant. While 72% of CMOs planned to increase marketing spend through 2026 , marketing leaders are simultaneously facing greater scrutiny from CFOs and CEOs about where that money goes and what it produces. The report identifies profit growth, revenue and market share as key objectives, signalling an important shift: marketing needs to speak the language of the business, not simply the language of marketing. And that creates a measurement problem. An extraordinary 90% of marketing spend is not covered by formal ROI measurement systems , while only 3% of CMOs can formally explain more than half of their marketing spend through ROI metrics. Kevin and Craig unpack why this is happening, including: Lack of sufficient data Poor data quality Measurement capability gaps The limitations of deterministic attribution Increasing privacy restrictions The difficulty of measuring long-term and upper-funnel brand investment The conversation explores why leading marketers are turning toward approaches such as Marketing Mix Modeling (MMM) and incremental lift studies to develop a more complete picture of marketing effectiveness. But measurement isn't simply a technology or analytics challenge. It's also an organisational alignment challenge . Craig introduces a three-layer measurement operating model consisting of central owners, decentralised doers and cross-functional users , and discusses how organisations can build measurement capability across the business. One statistic highlights the problem: only around 50% of European CMOs report regular, meaningful collaboration with their CFOs . That relationship matters. Synchronising metrics, planning budgets together and developing a shared understanding of the customer can fundamentally change marketing's position in the boardroom. We also examine where CMOs are investing next, with Gen AI, measurement capabilities and customer insights emerging as major priorities. And perhaps most importantly, Kevin and Craig challenge the assumption that difficult economic conditions automatically mean marketing budgets should be cut. Evidence suggests that organisations continuing to invest strategically in marketing during downturns can emerge stronger — particularly when they balance short-term performance with long-term brand equity and consistent media investment . The takeaway? Measurement isn't simply about proving that marketing worked. It's about giving marketing the commercial credibility to influence where the business goes next. #Marketing #MarketingROI #CMO #MarketingStrategy #MarketingMeasurement #MarketingMixModeling #MMM #GenAI #BrandStrategy #CFO #Leadership #BusinessGrowth #MarketingEffectiveness #CustomerInsights #LTS #LeadershipByDesign





