FIR #394: Marketers, Boards, and AI
AI could lead to fewer marketers. What are boards to do?
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Companies whose boards include a member with marketing experience deliver higher investor returns than those whose boards lack marketing expertise. That higher return increases among companies losing market share. Does Artificial Intelligence (AI) threaten the path to board membership by dramatically reducing the number of marketers? OpenAI CEO Sam Altman thinks 95 percent of the work marketers do could become AI tasks. (Of course, the number of boards that take advantage of that marketing expertise — and improved returns — is very, very small.) Neville and Shel delve into these issues in this short midweek episode.
Links from this episode:
- Board members with marketing experience improve shareholder returns by 3%
- When and How Does Board-Level Marketing Experience Impact Firm Performance? (PDF)
- Sam Altman Says AI Will Handle “95%” of Marketing Work Done by Agencies and Creatives
- The Problem With AI Headlines
- 30 ChatGPT Prompts For Middle Managers In 2024
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The next monthly, long-form episode of FIR will drop on Monday, March 25.
We host a Communicators Zoom Chat most Thursdays at 1 p.m. ET. For credentials needed to participate, contact Shel or Neville directly, request the credentials in our Facebook group, or email fircomments@gmail.com.
Special thanks to Jay Moonah for the opening and closing music.
You can find the stories from which Shel’s FIR content is selected at Shel’s Link Blog. Shel has started a metaverse-focused Flipboard magazine. You can catch up with both co-hosts on Neville’s blog and Shel’s blog. Neville’s Asides blog is also available.
Disclaimer: The opinions expressed in this podcast are Shel’s and Neville’s and do not reflect the views of their employers and/or clients.
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