There's been mounting talk about a double dip. And I'm not referring to the Seinfeld episode where Costanza gets reprimanded for two-dunking at a wake.
When bad economic news dominates the media, there's a tendency to pull back, especially when it comes to marketing. And that’s understandable. As CEO, you do what’s necessary to remain profitable. But there's a definite distinction between pulling back and pulling out all together. At first sign of economic turbulence, we often see companies completely eliminating all marketing expenditures. This is an over-reaction, and one that is detrimental to your brand and business. While you might experience cost-savings in the short-term, you will only deteriorate the long-term profitability of your brand.