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New rules for the content age
June 2016
THOUGHT LEADERSHIP
DISRUPTED
#TLDisrupted
IN ASSOCIATION WITH
@minaseeth
2
WE SURVEYED
2
838
business
thought
leadership
consumers
executives
<$500m
>$5bn
806
marketers
C-suite
or equivalent
57%
YES
43%
NO
29%
Western
Europe
25%
Rest of
World
21%
North
America
25%
Asia
Geography
Samples annual global revenue
66%
15%
C-suite
or equivalent
30%
Western
Europe
20%
Rest of
World
23%
North
America
26%
Asia
Geography 41%
YES
59%
NO<$500m
>$5bn
Samples annual global revenue
53%
22%
3
ADVISORY BOARD MEMBERS
3
Aina Bolstad, Senior Marketing Communications Manager, Microsoft
Rebecca Edwards, Chief Communications Officer, GE Oil and Gas
Nicholas Graham, Global Director Digital Marketing, Huawei Technologies
Rachel Grant, Global Director of Media Relations, McKinsey
Sandra Higgison, AVP Product Marketing, Genpact
Hamish Rickman, VP Marketing, Virgin Atlantic
Severin Roald, SVP Corporate Communications, Telenor
Mark Rose, Brand Communications Manager Europe, BP
John Rudaizky, Partner, Global Brand & External Communications Leader, EY
Andy Weitz, SVP, Global Marketing & Communications, Aon
THOUGHT LEADERSHIP
ˈthôtˈlē-dər-ˌship
The practice of influencing a community of interest by
developing information, analysis and insight that helps
its audience understand its world and plan for
the future. It can be delivered in any medium, and can help
companies raise awareness, shift perception and increase
the status of their brand.
4
CONTENT, CONTENT,
EVERYWHERE
5
3 in 5 global executives
admit sometimes feeling
confused or overwhelmed
by the volume of content they
encounter:
with only 5% thinking it has decreased
56% think that intrusiveness has increased
Nearly 16% think the value of content has
decreased somewhat or a lot
68% agree that volume has gone up,
AUDIENCES ARE REACHING
CONTENT OVERLOAD
6
7
AND, AS A RESULT, ARE REFINING
THEIR SHORTLISTS
• In the last 12-24 months, nearly 75% of executives
became more selective generally about the thought
leadership they consume, with just over 80% citing
the volume of content as the reason for this change.
• 44% engage with less than 20% of the thought
leadership they see.
7
8
80%
of marketers plan to
increase the
amount of thought
leadership content
they produce in the
coming 12 months
<20%
Nearly half believe
that less than 20%
of their current
output gets
engagement
BUT MARKETERS ARE UNDAUNTED BY
POOR RESULTS
8
9
AND WE CAN SEE WHY…
9
z
76%
of senior executives
are influenced in their
purchasing decisions
67%
would be willing to
advocate for that brand or
organisation externally
83%
would be influenced in their
choice of potential
business partner
Thought leadership can build loyalty and sales
SO, HOW DO YOU MAKE
THE SHORT LIST?
10
KNOW YOUR AUDIENCE
& PUT THEM FIRST
1.
12
MARKETERS ARE NOT TRULY
FOCUSED ON THE AUDIENCE
12
Nearly half of all marketers (47%) cite differentiating their
company from the competition as a primary objective.
42% cite gaining recognition for their company or key
individuals as experts/authority in their field.
Only 28% of marketers cited helping their audience to
become more knowledgeable as a key objective.
Only two in ten cited social media shares or time spent with
content (24%, 21%) as a top measure of ROI.
KNOW YOURSELF
2.
14
FIRST, WE HAVE TO GET OUT OF
OUR OWN WAY
14
More than 60%
strongly agree or somewhat agree
that internal alignment is a barrier
to thought leadership production.
“It’s important for all companies to have
a clear idea of their brand internally
before you go ahead and talk about how
that manifests itself externally. To be
credible you have to have a clear
understanding of what you want to
portray.”
Hamish Rickman, VP Marketing, Virgin Atlantic
15
16
When asked about who was NOT involved in the planning of thought
leadership, but should be marketers cited:
Media partners
All employees
Customers/other outside sources
50%
49%
47%
DON’T BE LIMITED
INVOLVE OUTSIDE EXPERTS
3.
17
Trust is established through
the quality or nature of the
research and whether the
data is ‘credible’.
‘Challenger brands’ who want to break
through and make the shortlist must employ
rigour: for an unfamiliar source to prompt
engagement, it needs to be a ‘source of
hard facts’ (47%).
55%
LESS IS MORE
RETURN TO THE
FUNDAMENTALS
4.
THINK BIG & BUILD
A RELATIONSHIP OVER TIME
5.
19
DESPITE THE NOISE, EXECS
ARE STILL HUNGRY FOR HELP
19
68% consume thought leadership on at least a weekly basis. 33%
do so daily.
20% have increased consumption “a lot” over the
past 12 months.
< 5% have reduced consumption either a little or a lot.
20
THE BAR IS SET HIGH
AND GETTING HIGHER
20
Executives and marketers agree:
Compelling TL is ‘innovative’, ‘big picture’,
‘credible’ and ‘transformative’.
According to executives unimpressive
TL is ‘superficial’, ‘sales-driven’ and
‘biased’
BE A THOUGHT PARTNER,
NOT A THOUGH LEADER
6.
22
EFFECTIVE THOUGHT
LEADERSHIP PUSHES
BOUNDARIES
22
of consumers like to
encounter thoughts and
ideas that go beyond
current thinking.
96%
“It’s mindshare before market share.”
Rebecca Edwards,
Chief Communications Officer, GE Oil & Gas
23
24
THE NEW RULES
1. Know your audience – put them first
2. Know yourself – know where you have a right to play
3. But don’t be limited – involve outside experts
4. Less is more – return to the fundamentals
5. Think big – build a relationship over time
6. Stop trying to be a thought leader – be a thought partner
#TLDisrupted
TLDisrupted.com
Mina Seetharaman
SVP, Global Managing Director, Marketing Solutions
The Economist Group
@minaseeth

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Mina Seetharaman - Thought Leadership Disrupted

  • 1. New rules for the content age June 2016 THOUGHT LEADERSHIP DISRUPTED #TLDisrupted IN ASSOCIATION WITH @minaseeth
  • 2. 2 WE SURVEYED 2 838 business thought leadership consumers executives <$500m >$5bn 806 marketers C-suite or equivalent 57% YES 43% NO 29% Western Europe 25% Rest of World 21% North America 25% Asia Geography Samples annual global revenue 66% 15% C-suite or equivalent 30% Western Europe 20% Rest of World 23% North America 26% Asia Geography 41% YES 59% NO<$500m >$5bn Samples annual global revenue 53% 22%
  • 3. 3 ADVISORY BOARD MEMBERS 3 Aina Bolstad, Senior Marketing Communications Manager, Microsoft Rebecca Edwards, Chief Communications Officer, GE Oil and Gas Nicholas Graham, Global Director Digital Marketing, Huawei Technologies Rachel Grant, Global Director of Media Relations, McKinsey Sandra Higgison, AVP Product Marketing, Genpact Hamish Rickman, VP Marketing, Virgin Atlantic Severin Roald, SVP Corporate Communications, Telenor Mark Rose, Brand Communications Manager Europe, BP John Rudaizky, Partner, Global Brand & External Communications Leader, EY Andy Weitz, SVP, Global Marketing & Communications, Aon
  • 4. THOUGHT LEADERSHIP ˈthôtˈlē-dər-ˌship The practice of influencing a community of interest by developing information, analysis and insight that helps its audience understand its world and plan for the future. It can be delivered in any medium, and can help companies raise awareness, shift perception and increase the status of their brand. 4
  • 6. 3 in 5 global executives admit sometimes feeling confused or overwhelmed by the volume of content they encounter: with only 5% thinking it has decreased 56% think that intrusiveness has increased Nearly 16% think the value of content has decreased somewhat or a lot 68% agree that volume has gone up, AUDIENCES ARE REACHING CONTENT OVERLOAD 6
  • 7. 7 AND, AS A RESULT, ARE REFINING THEIR SHORTLISTS • In the last 12-24 months, nearly 75% of executives became more selective generally about the thought leadership they consume, with just over 80% citing the volume of content as the reason for this change. • 44% engage with less than 20% of the thought leadership they see. 7
  • 8. 8 80% of marketers plan to increase the amount of thought leadership content they produce in the coming 12 months <20% Nearly half believe that less than 20% of their current output gets engagement BUT MARKETERS ARE UNDAUNTED BY POOR RESULTS 8
  • 9. 9 AND WE CAN SEE WHY… 9 z 76% of senior executives are influenced in their purchasing decisions 67% would be willing to advocate for that brand or organisation externally 83% would be influenced in their choice of potential business partner Thought leadership can build loyalty and sales
  • 10. SO, HOW DO YOU MAKE THE SHORT LIST? 10
  • 11. KNOW YOUR AUDIENCE & PUT THEM FIRST 1.
  • 12. 12 MARKETERS ARE NOT TRULY FOCUSED ON THE AUDIENCE 12 Nearly half of all marketers (47%) cite differentiating their company from the competition as a primary objective. 42% cite gaining recognition for their company or key individuals as experts/authority in their field. Only 28% of marketers cited helping their audience to become more knowledgeable as a key objective. Only two in ten cited social media shares or time spent with content (24%, 21%) as a top measure of ROI.
  • 14. 14 FIRST, WE HAVE TO GET OUT OF OUR OWN WAY 14 More than 60% strongly agree or somewhat agree that internal alignment is a barrier to thought leadership production.
  • 15. “It’s important for all companies to have a clear idea of their brand internally before you go ahead and talk about how that manifests itself externally. To be credible you have to have a clear understanding of what you want to portray.” Hamish Rickman, VP Marketing, Virgin Atlantic 15
  • 16. 16 When asked about who was NOT involved in the planning of thought leadership, but should be marketers cited: Media partners All employees Customers/other outside sources 50% 49% 47% DON’T BE LIMITED INVOLVE OUTSIDE EXPERTS 3.
  • 17. 17 Trust is established through the quality or nature of the research and whether the data is ‘credible’. ‘Challenger brands’ who want to break through and make the shortlist must employ rigour: for an unfamiliar source to prompt engagement, it needs to be a ‘source of hard facts’ (47%). 55% LESS IS MORE RETURN TO THE FUNDAMENTALS 4.
  • 18. THINK BIG & BUILD A RELATIONSHIP OVER TIME 5.
  • 19. 19 DESPITE THE NOISE, EXECS ARE STILL HUNGRY FOR HELP 19 68% consume thought leadership on at least a weekly basis. 33% do so daily. 20% have increased consumption “a lot” over the past 12 months. < 5% have reduced consumption either a little or a lot.
  • 20. 20 THE BAR IS SET HIGH AND GETTING HIGHER 20 Executives and marketers agree: Compelling TL is ‘innovative’, ‘big picture’, ‘credible’ and ‘transformative’. According to executives unimpressive TL is ‘superficial’, ‘sales-driven’ and ‘biased’
  • 21. BE A THOUGHT PARTNER, NOT A THOUGH LEADER 6.
  • 22. 22 EFFECTIVE THOUGHT LEADERSHIP PUSHES BOUNDARIES 22 of consumers like to encounter thoughts and ideas that go beyond current thinking. 96%
  • 23. “It’s mindshare before market share.” Rebecca Edwards, Chief Communications Officer, GE Oil & Gas 23
  • 24. 24 THE NEW RULES 1. Know your audience – put them first 2. Know yourself – know where you have a right to play 3. But don’t be limited – involve outside experts 4. Less is more – return to the fundamentals 5. Think big – build a relationship over time 6. Stop trying to be a thought leader – be a thought partner
  • 25. #TLDisrupted TLDisrupted.com Mina Seetharaman SVP, Global Managing Director, Marketing Solutions The Economist Group @minaseeth