2. #B2BMX
Jeff Marcoux
CMO Lead, WW Enterprise Marketing
Marketing Professor,
UC Irvine
Board Member
Internet Marketing Association
Marketing & Communications Executives
International
@JeffMarcoux
4. “By 2020, customer experience will
overtake price and product as the
key brand differentiator.”
- Customer 2020 Report
80% of buyers said that the most significant driver
during provider selection was either direct or indirect
customer experience. - Sirius Decisions, 2016
35. #B2BMX
Build out personas by hand or with technology
Product Centric Company or Customer Centric Company?
Defining your customer
36. Functions of senior marketing leadership
Tailoring our message to specific marketing roles helps increase impact
Advertising/
promotions
director
Digital
strategies
manager
Creative
directorCMO
Sets the creative direction and shapes
the internal and external brand image
Data
scientist
Social
media
manager
Public
relations
director
Website
director
Digital Marketing/Web
Corporate Marketing
Creative/Advertising
Identifies customer needs and conceives, develops, and implements innovative digital
marketing strategies to engage them
Description
Product
marketing
manager
Product
Market
research
director
MarCom
manager
Leads corporate branding, marketing
communications, and strategic IP
Demand
generation
& lead
nurturing
director
Demand Generation
Event
director
Description
Analyst and
investor
relations
manager
Brand
Manager
Mobile
director
Sales
readiness
executive
Inbound
marketing/
content
offers
Product
evangelist
Leads and analyzes marketing
initiatives related to driving sales and
revenues
Researches, positions and leads the
product strategy to properly meet
the needs of target customers
Marketing Ops
Marketing
operations
manager
Directs the
development and
implementation
of processes,
tools, metrics,
infrastructure and
technology to
improve
marketing
operations
37. Meet “Julia” – [CMO]
Sets the marketing strategy and leads the marketing
team to deliver superior customer experiences and a
positive corporate brand image. Monitors marketing
effectiveness and industry success. Builds, presents, and
argues the business case for the marketing budget.
Reports to
Direct reports
Goals
CEO
Marketing executives in the areas of: creative, digital, product,
corporate and demand generation & external agencies
Increase top and bottom line revenues by X%
Grow product market share by Y%
Retain existing customers and secure new ones or increase
the number of qualified leads in the pipeline
Increase brand awareness by driving X customers to our
website and stores/business
Implement strategies that improve brand preference by X%
among key demographic groups
Translate customer and marketing analytics into meaningful insights
to get a synchronized view of the customer
Manage a growing team of internal and external resources
Creatie a responsive team that has the agility to act quickly when
new marketing opportunities arise
Find the information/technologies necessary to drive new revenues
and customers. (Technology awareness was identified by (54%) of
CMOs as the top competency to improve.)
Highly influenced by recommendations from team, particularly
digital marketing/mktg. technology personnel, and external peers
Budgets increasing in the areas of digital advertising, mobile
marketing, digital commerce, and corporate website
A study by Forrester found that 54% of CMOs identified meeting
revenue targets as their most important business driver. What
marketing programs are driving the most revenues for your
business?
Did you know that 80% of customer data will be wasted due to
immature enterprise data “value chains”? Have you thought about
ways you could better leverage customer data in your programs?
Did you know that nearly half of employees report that social tools at
work help increase their productivity, but more than 30% of
companies underestimate the value of these tools and often restrict
their use? How are you collaborating with your marketing internal
teams and external agencies today and do you have the right social
and communication tools in place?
Bill Gates was recently quoted as saying that he believes the pace of
innovation is faster today than ever before. How are you using
technology today to keep your finger on the pulse of the industry,
your business, and your competition?
Own the customer experience
Set the company’s marketing strategy and maintain brand
awareness
Advocate for, define and manage the marketing budget
Lead the marketing team to meet lead generation, revenue
and market share goals for the company
Responsibilities
Challenges
Conversation
starters
Purchasing
insights
CMO.com, The CMO Club, Harvard Business Review, The CMO
Collective, LinkedIn Chief Marketing Officer Network, Fierce CMOTrusted channels
38. #B2BMX
Build out personas: by had or with technology
Product Centric Company or Customer Centric Company?
Identify your Total Addressable Market (TAM)
Defining your customer
40. #B2BMX
TAM as I look at it
Total Addressable Market
Fit Engaged
Actively Looking
Those you don’t know
about
Your
customers
Competitors
customers
Find through
Inbound/Outbound
Big Fish
Not a good fit
Targeted ABM
Advertising | Events | Email | Etc.
ABM w/ Intent Detection
Dissatisfaction | Value | ABM
Predictive Lead Gen | ABM
Loyalty | Education | Expansion
41. #B2BMX
Build out personas: by had or with technology
Identify your Total Addressable Market
Define your customer journey
Defining your customer
47. Content Marketing
74% of online consumers get frustrated with Web sites when content appears that
has nothing to do with their interests. – Harris Interactive, 2013
Activate Around Customers
48. Assessment
Report
Outbrain
Vibrations
Promotional, social, paid social, paid
amplification, media, blogs, infographics,
and SlideShare associated with the
promotion of the content epicenter.
Epicenters
An interactive microsite that helps guide
execs through important questions about
auditing their organization + a
customized report with insights and
recommendations.
Also, a gated whitepaper by The
Economist “How Technologies are
Transforming Business Functions”
Aftershock
Assets that strategically continue the
conversation, provide lead score
opportunity, or MQL opportunity.
Digital
49. #B2BMX
Air cover/General Awareness
Advertising
Conversion content & retargeting
Real-time personalization
Website
Email
Social
Bots/AI
Different Stages
51. Customer List:
Organic traffic, paid
demand gen, social,
Hand off from other
nurture
Target Audience:
Marketing Leaders
START
Organic & Paid Customers Gate (Unknown to Lead)
Marketing Insights Journey
EMAIL #1
EMAIL #2A
EMAIL #2B
EMAIL #2C
EMAIL #2(ABC) –
Top Performer
Email Link
Clicked
YESCTA #1
CTA #2
CTA #3
YES
YES
NO
Email Link
Clicked
Pass to Happy
Meal Nurture
Email Link
Clicked
Reassess
Nurture
NO
YES
Reassess
Nurture
EMAIL #3
Score and
Pass to Alt
Nurture
Pass to Power
BI Page
Pass to Power
BI Trial
Reassess
Nurture
Reassess
Nurture
Pass to
Partner
Pass to Azure
Marketplace
Pass to Happy
Meal Nurture
Email Link
Clicked
YES
NO
NO
YES
Email Link
Clicked
NO
YES
One week between click engagements, two weeks in between non-click engagements
CTA #1
CTA #2
CTA #3
CTA #1
CTA #2
CTA #3
52. Once you take them off… you’ll
never put them on again
53. #B2BMX
Air cover/General Awareness
Advertising
Conversion content & retargeting
Real-time personalization
Nurture marketing w/ personalization & branching
Account Based Marketing
Different Stages
Planned | Expansion | Predictive Lead Gen | Opportunistic
54. #B2BMX
Go through your customer journey
List out key personas your company targets
Map out existing touch points & content
Call out gaps in your content and customer journey
Putting it all together
Sirius Decisions just released a study that asked: “What was the most significant driver of the decision to select the provider of choice? They found that 80% related to direct or indirect customer experience!
This is a marketing intervention. How many of you think the customer experience is important? How many of you have had a bad experience recently with a business? Customer Experience is more important than ever… why?
Because we still suck at it.
More Data, Big data, Structured Data, Crazy Data. Why does data matter? Data is the key to unlocking your customer, to unlocking your future. We have TONS of data- email, social, web, mobile, advertising, InMail, Pretty data, small data, CRM Data, ERP Data. Data Data Data! We are drowning in data about our customers. And guess what?
We still suck at it
How can we have all this data and still be terrible? There are a lot of great technologies out there to try and help us with this, in fact there are over 3000!
But what does more data give us?
But the last thing we need is another dashboard!
Dashboards lead to analyst, analyst lead to costs. And guess what? We’ve tried this and it doesn’t work.
We still suck at customer experience.
Now is the time. Now is the era of a marketing revolution. Technology will not simply solve our problems.
Transformation is part technology, part process, part culture. Now is the time to put technology to work for you. Now is the time to delight your customers, to create amazing experiences. How? By putting your data to work for you.
Transformation is part technology, part process, part culture. Now is the time to put technology to work for you. Now is the time to delight your customers, to create amazing experiences. How? By putting your data to work for you.
What we found surprised us. The traditional product-centric marketing funnel approach we have been taught as marketers to follow didn’t actually map to the consumer decision journey. We discovered that consumers don’t follow a linear pattern. They bounce around between stages of the path to purchase and most customers paths to purchase are not alike. We did find 5 key stages, however, that everyone passed through at some point along the path to purchase….
Chart compiled from content found on the following pages:
http://blog.hubspot.com/blog/tabid/6307/bid/34029/8-Ready-Made-Job-Descriptions-to-Recruit-an-All-Star-Marketing-Team.aspx
http://www.forbes.com/sites/jenniferrooney/2013/10/04/heres-what-the-marketing-organization-of-the-future-should-look-like/
http://customermodel/personas/
http://marketinggovernance.com/?p=2364
· Quotation: “A study by Forrestor found that 54% of CMOs identified meeting revenue targets as their most important business driver.”
· Source: The Evolved CMO, Forrester, March 2014, http://www.heidrick.com/Knowledge-Center/Publication/The-Evolved-CMO-in-2014
· Quotation: “80% of customer data will be wasted due to immature enterprise data “value chains”
· Source: 2014 Predictions for Chief Marketing Officers, IDC, December 17, 2013, http://www.idc.com/getdoc.jsp?containerId=prUS24541813
· Quotation: “Nearly half of employees report that social tools at work help increase their productivity, but more than 30% of companies underestimate the value of these tools and often restrict their use.”
· Source: Microsoft Research, May 27, 2013, https://www.microsoft.com/en-us/news/press/2013/may13/05-27socialtoolspr.aspx
· Quotation: “The pace of innovation today is faster than ever.”
· Source: Bill Gates as quoted in The Washington Post (video interview with writer Steven Levy), November, 11, 2013, http://www.washingtonpost.com/blogs/innovations/wp/2013/11/13/bill-gates-the-pace-of-innovation-today-is-faster-than-ever/
Other Sources:
http://www.forbes.com/sites/gilpress/2013/12/18/what-should-cmos-do-in-2014-idcs-top-ten-predictions/
http://blog.hubspot.com/blog/tabid/6307/bid/33328/21-Internet-Marketing-Stats-That-Will-Blow-Your-Mind.aspx
http://marketingland.com/state-of-marketing-report-conversions-brand-awareness-behavior-based-data-top-priorities-in-2014-69743
http://readwrite.com/2014/03/04/how-social-tools-collaboration-failed-enterprise-so-far#awesm=~oAvRrdG8UorVxH
http://www.forbes.com/sites/peterhigh/2013/10/14/gartner-top-10-strategic-technology-trends-for-2014/
http://www.heidrick.com/Knowledge-Center/Publication/The-Evolved-CMO-in-2014
http://www.washingtonpost.com/blogs/innovations/wp/2013/11/13/bill-gates-the-pace-of-innovation-today-is-faster-than-ever/
According to our research, there are five key stages of the consumer decision journey:
Open to Possibility – The stage when the consumer is aware of product alternatives on the market and is willing to consider the need to purchase or replenish
Decision to buy or change – The stage when the consumer gets the trigger from an advertisement, a product age/defect, or the influence of a stakeholder/family member/friend to go ahead and make a change. Here they begin to research new product(s).
Evaluating – This is the maximum enjoyment stage when the consumer is using their worldview to evaluate products based on features and research and will hone in on their brand and product set choices.
Shopping - This is the final in-store browsing and price checking stage where consumers validate their decision and make a purchase. They can be influenced by deals and in-store promotions in this phase.
Experiencing – This is the stage where the consumers uses the product and may experience happiness or friction with it over time. They will seek validation from others that they made the right choice.
Consumers often bounce back and forth between these stages, making it more important than ever for marketers to map their efforts to their customers and not try to force them down a product-based funnel.
Each of these stages offers marketers opportunities to engage and connect with their customers. However, reaching out across everys stage requires today’s marketer to not only be committed to a people-centric approach but also empowered with the right technology to understand the customers’ needs and respond to them along each stage of this journey.
And technology solutions and marketing clouds aren’t really helping with this. The landscape is crazy. We have way too many tools and silos and it is leading to too much data and not what we can do with the data.
In 2005, according to Chief Martec there are now nearly 2000 marketing vendors spread across 43 categories. That complex technology landscape can make marketers feel overwhelmed with how to use technology to understand and enagage their customers.
“By 2017, 25 percent of all market leaders will lose their top spot to a company founded after the year 2000 because of the newcomer’s ability to use digital technologies more intuitively and effectively.” – Gartner, 2013
And it isn’t just the tools, it is also the data inside those tools. Marketers struggle with having too much or too little data, inaccurate data, or difficult to access data. The complexities difficult.
Source:
http://www.gartner.com/newsroom/id/2598515
http://chiefmartec.com/2015/01/marketing-technology-landscape-supergraphic-2015/
http://www.marketingcharts.com/online/what-are-personalizations-biggest-challenges-and-opportunities-44336/
When it comes to branching and personalization, it’s time to take the training wheels off.
Overview and purpose:
Bring the mission to life with story.
Details:
Play the video, and then pause to let the message sink in.
<<The video is at: https://microsoft.sharepoint.com/teams/STARTInfo/Shared%20Documents/NEO%20Materials/Exec_PPTs/SXCR0456000H_MGXFY16_Nadella_Mission_Video_071515_mp4_10mbps_stereo%20WITH%20SUBTITLES.mp4>>
Sample transition:
So, that’s what it looks like to empower people around the globe to achieve more.
What happens if MSFT lost the license for Office? Are you just your product? It stands for something bigger than any one product.