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The Missing Middle of Marketing: 
Go-to-Market Strategies 
The 
most 
important 
thing 
about 
a 
point 
of 
view 
is 
to 
have 
one.
Do 
you 
know 
of 
a 
company 
where 
growth 
is 
not 
the 
top 
priority? 
Probably 
not. 
A 
Bain 
survey 
of 
2,300 
global 
companies 
found 
that 
management 
teams 
make 
big 
promises 
when 
it 
comes 
to 
growth 
performance. 
They 
plan 
to 
increase 
revenue 
at 
twice 
the 
market 
average 
and 
earnings 
at 
four 
Cmes 
the 
market. 
Not 
surprisingly, 
the 
majority 
fail 
to 
deliver. 
The 
study 
revealed 
that 
just 
9% 
of 
these 
companies 
averaged 
annual 
revenue 
and 
profit 
growth 
of 
at 
least 
5.5% 
while 
earning 
their 
cost 
of 
capital. 
I 
have 
consulted 
to 
companies 
in 
nearly 
every 
industry 
and 
one 
deficiency 
I 
find 
is 
how 
disjointed 
and 
inconsistent 
they 
“go-­‐to-­‐market”. 
This 
is 
reflected 
in 
the 
results 
that 
the 
Bain 
and 
other 
studies 
show. 
Most 
clients 
engage 
my 
company 
to 
help 
build 
awareness 
or 
to 
win 
more 
business. 
The 
former 
generally 
involves 
a 
large-­‐scale 
branding 
exercise 
to 
reposiCon 
the 
company 
while 
the 
laQer 
addresses 
frontline 
sales 
processes, 
acCviCes 
and 
organizaCon. 
Invariably, 
I 
discover 
their 
real 
issue 
is 
what 
I 
call 
the 
missing 
middle 
of 
markeCng. 
This 
is 
especially 
true 
in 
the 
case 
of 
creaCve 
agencies 
who 
are 
an 
acCve 
part 
of 
my 
client 
list. 
AdverCsing 
agencies, 
digital 
markeCng 
firms, 
brand 
consultancies, 
and 
design 
shops 
generally 
brand 
themselves 
well 
to 
aQract 
aQenCon. 
Then 
when 
they 
have 
a 
prospecCve 
client 
they 
will 
marshal 
their 
forces 
and 
give 
a 
great 
showing 
to 
close 
the 
business. 
Yet, 
they 
miss 
the 
middle. 
Precious 
few 
companies, 
regardless 
of 
industry, 
devise 
and 
consistently 
drive 
a 
true 
go-­‐to-­‐market 
strategy. 
Such 
a 
strategy 
exists 
to 
bridge 
the 
gap 
between 
brand 
awareness 
and 
sales. 
It 
calls 
on 
the 
enCre 
organizaCon 
to 
assist 
in 
business 
acquisiCon 
and 
retenCon. 
A 
company 
without 
a 
go-­‐to-­‐market 
strategy 
is 
like 
having 
a 
sandwich 
with 
two 
pieces 
of 
bread 
and 
nothing 
in 
between. 
There 
are 
a 
few 
reasons 
why 
the 
middle 
of 
markeCng 
is 
missing 
and 
one 
is 
language 
and 
definiCon. 
Marketers 
love 
to 
obfuscate 
with 
words, 
terms 
and 
processes 
and 
this 
has 
led 
to 
confusion 
within 
their 
own 
ranks. 
I 
have 
found 
when 
adverCsing 
agencies 
talk 
about 
markeCng 
they 
are 
actually 
referring 
to 
a 
bundle 
of 
disparate 
public 
relaCons 
acCviCes 
predicated 
on 
entering 
award 
shows 
and 
issuing 
press 
releases. 
This 
is 
what 
they 
call 
“markeCng”. 
Brand 
consultants 
hold 
events 
believing 
a 
steady 
stream 
of 
photos 
of 
people 
holding 
cocktails 
posted 
on 
Facebook 
will 
drive 
business. 
Even 
markeCng 
consultants 
have 
confused 
“markeCng 
strategy” 
and 
“go-­‐to-­‐market 
strategy”. 
They 
are 
used 
interchangeably 
when 
they 
are 
two 
very 
different 
tools. 
This 
mistaken 
and 
mislabeled 
situaCon 
is 
not 
confined 
to 
creaCve 
agencies. 
Recently, 
a 
technology 
client 
showed 
me 
their 
markeCng 
plan 
and 
it 
was 
clear 
aZer 
the 
first 
page 
that 
it 
was 
a 
direct 
sales 
approach 
built 
on 
tradeshows. 
A 
law 
firm 
too 
made 
the 
mistake 
of 
pu[ng 
the 
lion 
share 
of 
their 
efforts 
into 
generic 
thought 
leadership 
without 
thought 
given 
to 
who 
are 
their 
most 
desired 
clients. 
MarkeCng 
people 
around 
the 
world 
are 
confusing 
and 
irritaCng 
their 
chief 
execuCves 
with 
this 
mishmash 
of 
flawed 
thinking. 
2 
awareness 
markeCng 
go-­‐to-­‐ 
market 
tradiConal 
sales
Seeking 
Clarity 
It 
is 
important 
to 
draw 
a 
line 
for 
clarity 
between 
markeCng 
strategy 
and 
go-­‐to-­‐market. 
MarkeCng 
strategy 
details 
a 
one-­‐way 
broadcast 
promoConal 
plan. 
It 
resides 
in 
the 
markeCng 
department 
and 
the 
rest 
of 
the 
organizaCon 
largely 
chooses 
to 
ignore 
it. 
A 
go-­‐to-­‐ 
market 
strategy 
is 
focused 
on 
how 
the 
organizaCon 
as 
a 
whole 
will 
put 
offerings 
into 
the 
market 
to 
reach 
revenue 
and 
profitability 
expectaCons. 
It 
impacts 
all 
funcCons 
within 
the 
organizaCon 
and 
calls 
on 
the 
enCre 
company 
to 
contribute 
to 
customer 
acquisiCon 
and 
retenCon. 
David 
Packer, 
co-­‐founder 
of 
HP, 
said 
it 
best, 
“ 
MarkeCng 
is 
too 
important 
to 
be 
leZ 
to 
the 
markeCng 
department.” 
That 
is 
why 
a 
go-­‐to-­‐market 
strategy 
is 
incredibly 
difficult 
to 
orchestrate 
but 
magical 
when 
done 
well. 
If 
you 
are 
sCll 
foggy 
then 
think 
of 
your 
own 
company. 
It 
is 
probably 
like 
the 
vast 
majority 
out 
there. 
When 
you 
talk 
“markeCng 
strategy” 
what 
you 
are 
probably 
doing 
is 
orchestraCng 
a 
series 
of 
events 
that 
may 
include 
product 
launches, 
newsleQers, 
social 
media 
and 
conferences. 
Your 
markeCng 
team 
takes 
these 
events 
and 
organizes 
them 
into 
an 
editorial 
calendar 
and 
calls 
that 
a 
“strategy”. 
It 
is 
not. 
That 
approach 
is 
busy 
work 
and 
it 
turns 
the 
markeCng 
department 
into 
tacCcal 
order 
takers 
who 
can 
then 
avoid 
responsibility 
for 
actually 
driving 
the 
company’s 
top-­‐line. 
Over 
Cme 
your 
company 
annualizes 
this 
into 
an 
uninspired 
process 
that 
builds 
a 
new 
calendar 
based 
on 
the 
previous 
year’s 
efforts. 
This 
is 
what 
has 
taken 
place 
in 
the 
adverCsing 
industry. 
Agencies 
now 
look 
and 
sound 
the 
same 
while 
doing 
the 
same 
things 
to 
aQract 
the 
same 
clients 
in 
the 
same 
uninspired 
ways. 
Agency 
markeCng 
chases 
mediocrity 
and 
safety 
in 
liberal 
amounts. 
A 
colleague 
who 
heads 
strategy 
at 
one 
of 
the 
larger 
adverCsing 
networks 
told 
me, 
“Our 
markeCng 
is 
nothing 
but 
a 
bunch 
of 
tradeshows. 
Award 
shows 
are 
tradeshows. 
Conferences 
are 
tradeshows. 
Our 
own 
events 
are 
tradeshows. 
We 
might 
as 
well 
be 
hawking 
car 
wax 
or 
super 
sharp 
knives. 
Name 
me 
one 
recent 
example 
of 
awesomely 
creaCve 
markeCng 
from 
an 
adverCsing 
agency 
or 
show 
me 
one 
consistent 
plan 
for 
targeted 
sales?” 
3
The 
fact 
that 
many 
businesses 
are 
not 
even 
doing 
basic 
markeCng 
strategy 
correctly 
is 
too 
big 
an 
issue 
for 
this 
paper. 
Suffice 
it 
to 
say 
that 
markeCng 
strategy 
involves 
WHO 
you 
go 
aZer 
and 
WHAT 
you 
will 
sell 
while 
“go-­‐to-­‐ 
market” 
is 
concerned 
with 
HOW 
your 
company 
will 
make 
it 
happen. 
And 
to 
be 
blunt, 
I 
have 
never 
seen 
this 
take 
place 
when 
it 
has 
been 
tasked 
to 
the 
markeCng 
department 
alone. 
Go-­‐to-­‐market 
skills 
are 
a 
disappearing 
art 
and 
science. 
I 
rouCnely 
speak 
at 
post-­‐secondary 
insCtuCons 
and 
have 
discovered 
that 
it 
is 
oZen 
not 
part 
of 
the 
curriculum 
or, 
if 
present, 
represents 
one 
half 
of 
one 
class 
in 
an 
enCre 
semester. 
This 
is 
a 
shame 
because 
so 
much 
of 
the 
markeCng 
budget 
and 
effort 
within 
companies 
is 
misspent 
and 
results 
could 
be 
much 
beQer. 
4 
what 
to 
sell 
where 
to 
sell 
how 
to 
sell 
MarkeCng 
Strategy 
Go-­‐to-­‐ 
Market 
Why 
Go-­‐To-­‐Market 
Before 
we 
look 
at 
process 
it 
makes 
sense 
to 
cover 
the 
benefits 
of 
a 
smart, 
creaCve 
and 
commiQed 
go-­‐to-­‐market 
strategy. 
Many 
people 
are 
aQracted 
to 
a 
career 
in 
markeCng 
because 
they 
think 
it 
is 
sexy 
and 
glamorous. 
They 
have 
visions 
of 
television 
commercial 
shoots, 
celebriCes, 
generous 
expense 
budgets, 
cocktail 
parCes 
and 
parCcipaCng 
in 
endlessly 
fun 
brainstorming 
sessions 
catered 
with 
sushi 
boats 
the 
size 
of 
oil 
tankers. 
MarkeCng 
does 
have 
its 
bright 
spots 
but 
like 
any 
funcCon 
with 
real 
responsibiliCes 
unsexy 
stuff 
has 
to 
get 
done. 
More 
realisCcally, 
markeCng 
is 
comprised 
of 
plain, 
old 
grunt 
work 
like 
maintaining 
databases, 
proofreading 
blogs, 
building 
Powerpoint 
presentaCons, 
spending 
six 
months 
strategizing 
and 
agonizing 
over 
the 
company 
holiday 
card, 
updaCng 
collateral, 
tweeCng 
when 
you 
have 
nothing 
to 
say, 
being 
the 
logo 
cop, 
and 
trying 
to 
rally 
other 
departments 
to 
use 
what 
you 
produce. 
On 
a 
related 
note, 
I 
love 
working 
with 
marketers 
who 
consider 
the 
non-­‐sexy 
parts 
of 
markeCng 
sexy 
– 
those 
are 
the 
ones 
who 
get 
stuff 
done.
Go-­‐to-­‐market 
strategies 
are 
both 
sexy 
and 
non-­‐sexy. 
They 
are 
a 
lot 
of 
work 
but 
when 
they 
are 
humming 
along 
there 
is 
nothing 
sexier 
(I 
am 
using 
“sexy” 
a 
lot 
in 
this 
piece 
for 
some 
reason). 
Their 
benefits 
are 
both 
broad 
and 
deep 
including: 
Only 
the 
most 
aQracCve 
markets 
segments 
are 
considered 
which 
requires 
quanCtaCve 
analysis 
versus 
vague 
assumpCons 
and 
unsubstanCated 
anecdotes 
InCmacy 
with 
desired 
customer 
wants 
and 
needs 
is 
required 
making 
the 
work 
more 
interesCng 
and 
valuable. 
It 
stops 
markeCng 
from 
speaking 
in 
generaliCes 
and 
gets 
the 
whole 
organizaCon 
grounded 
in 
facts 
and 
real 
opportuniCes 
Growth 
with 
exisCng 
customers 
is 
part 
of 
the 
plan. 
A 
go-­‐to-­‐market 
strategy 
helps 
eliminate 
the 
arCficial 
difference 
many 
businesses 
create 
between 
new, 
new 
business 
and 
new 
business 
from 
exisCng 
customers 
Customer 
experience 
is 
integral 
to 
the 
approach, 
not 
just 
markeCng 
and 
sales, 
to 
ensure 
customers 
sCck 
around, 
buy 
more, 
refer 
more, 
cost 
less 
to 
service 
and 
provide 
unfiltered 
feedback 
Go-­‐to-­‐market 
strategies 
involve 
all 
aspects 
of 
the 
organizaCon 
not 
only 
the 
markeCng 
department 
so 
stand 
a 
much 
beQer 
chance 
of 
making 
a 
difference 
The 
approach 
hinges 
on 
authenCc, 
supportable, 
fast 
feedback 
from 
customers 
on 
how 
the 
business 
is 
doing. 
There 
is 
no 
waiCng 
Cll 
next 
year 
or 
next 
quarter 
to 
adjust 
one’s 
markeCng 
for 
enhanced 
relevance 
and 
differenCator 
Management 
guru 
Peter 
Drucker 
was 
talking 
about 
go-­‐to-­‐market 
strategies 
when 
he 
said, 
“The 
aim 
of 
markeCng 
is 
to 
know 
and 
understand 
the 
customer 
so 
well 
the 
product 
or 
service 
fits 
him 
and 
sells 
itself.” 
Such 
a 
strategy 
with 
its 
focus 
on 
customer 
inCmacy 
is 
the 
way 
to 
make 
this 
happen 
not 
by 
serving 
up 
a 
calendar 
of 
disconnected 
acCviCes 
whose 
only 
goal 
is 
acCvity 
for 
acCvity 
sake. 
For 
far 
too 
long 
company 
leadership 
has 
accepted 
this 
poor 
subsCtute 
as 
their 
“markeCng 
plan” 
and 
should 
now 
demand 
that 
their 
markeCng 
team 
be 
accountable 
and 
deliver 
something 
more 
focused, 
granular 
and 
tangible 
to 
achieve 
desired 
results. 
5
6 
Two 
Approaches 
There 
are 
many 
different 
approaches 
to 
devising 
a 
go-­‐to-­‐market 
strategy. 
All 
demand 
detail 
and 
criCcal 
thinking 
but 
they 
do 
not 
have 
to 
be 
laborious 
or 
taxing. 
The 
greatest 
challenge 
is 
found 
not 
in 
the 
model 
itself 
but 
ge[ng 
the 
different 
parts 
of 
an 
organizaCon 
oriented 
to 
working 
together 
to 
get, 
keep 
and 
delight 
customers. 
Given 
this 
approach 
crosses 
all 
funcConal 
departments 
and 
lines 
of 
business 
it 
makes 
sense 
if 
the 
Chief 
Strategy 
Officer 
or 
Chief 
OperaCng 
Officer 
run 
or 
sponsor 
the 
process. 
I 
found 
that 
most 
Chief 
MarkeCng 
Officers 
are 
toothless 
in 
comparison 
and 
have 
difficulty 
rallying 
all 
the 
troops. 
These 
folks 
may 
have 
a 
great 
Ctle 
but 
very 
few 
hold 
purview 
over 
such 
integral 
components 
of 
a 
go-­‐to-­‐market 
strategy 
as 
pricing, 
customer 
experience 
and 
product 
development. 
Most 
have 
sway 
over 
only 
one 
of 
the 
4P’s 
and 
that 
is 
promoCon. 
Go-­‐to-­‐market 
strategies 
bring 
together 
all 
the 
commercial 
funcCons 
within 
a 
business. 
Of 
course 
sales, 
markeCng, 
brand 
management, 
and 
consumer 
insight 
are 
integral 
but 
in 
my 
experience 
it 
needs 
to 
go 
further. 
Human 
Resources 
must 
be 
involved 
so 
employees 
are 
schooled 
and 
rewarded 
in 
how 
they 
contribute. 
Customer 
Service 
ensures 
what 
is 
promised 
is 
what 
is 
delivered. 
Finance 
has 
to 
understand 
the 
investment 
required 
to 
make 
it 
all 
work. 
It 
truly 
is 
all 
for 
one 
and 
one 
for 
all. 
A 
go-­‐to-­‐market 
strategy 
asks 
five 
quesCons. 
At 
first 
glance, 
these 
queries 
appear 
basic 
but 
imagine 
them 
posed 
to 
your 
enCre 
organizaCon: 
WHO 
do 
we 
acCvely 
desire 
within 
the 
market? 
WHAT 
product 
& 
services 
fit 
each 
desired 
customer? 
HOW 
MUCH 
will 
we 
charge 
by 
desired 
customer? 
HOW 
will 
we 
promote 
our 
brand 
and 
products? 
WHERE 
will 
we 
promote 
and 
sell 
our 
products? 
Every 
company 
professes 
a 
process 
for 
going 
to 
market 
but 
these 
tend 
to 
be 
isolated 
from 
criCcal 
changes 
taking 
place 
externally. 
OZen 
markeCng 
is 
the 
last 
to 
know 
anything 
because 
departments 
do 
not 
talk 
or 
collaborate 
well 
with 
each 
other. 
The 
go-­‐to-­‐market 
strategy’s 
greatest 
benefit 
is 
as 
company 
unifier 
while 
represenCng 
the 
voice 
of 
the 
customer.
The 
approach 
we 
advocate 
begins 
with 
business 
strategy. 
Growth 
targets 
and 
brand 
aspiraCons 
help 
idenCfy 
the 
most 
aQracCve 
and 
desired 
segments 
and 
customers. 
This 
requires 
insights 
into 
the 
consumer, 
market 
and 
compeCtors. 
This 
then 
leads 
to 
specific 
value 
proposiCons 
tailored 
to 
each 
segment 
or 
right 
down 
to 
the 
specific 
desired 
client. 
These 
value 
proposiCons 
are 
based 
on 
the 
company’s 
tangible 
strengths 
and 
true 
delivery 
capabiliCes. 
The 
offering 
is 
then 
brought 
to 
market 
with 
creaCve 
engagement 
and 
valuable 
sales 
support. 
7 
business 
strategy 
desired 
customer 
tailored 
value 
proposiCon 
business 
capabiliCes 
creaCve 
engagement 
expert 
sales 
customer 
experience 
feedback 
the 
enCre 
organizaCon 
Assuming 
all 
this 
good 
work 
fits 
and 
convinces 
the 
customer 
to 
purchase 
the 
product 
or 
service, 
the 
process 
then 
relies 
on 
the 
experience 
a 
customer 
has 
with 
the 
company. 
Given 
all 
organizaCons 
are 
fallible 
it 
stands 
to 
reason 
there 
will 
be 
good 
and 
bad 
experiences. 
A 
go-­‐to-­‐market 
strategy 
allows 
for 
unfiltered 
feedback 
so 
the 
business 
can 
quickly 
make 
and 
implement 
improvements. 
These 
improvements 
are 
the 
oil 
in 
the 
engine 
of 
a 
go-­‐to-­‐market 
strategy. 
The 
concept 
is 
universal 
but 
different 
industry 
dynamics 
may 
alter 
the 
model. 
While 
working 
at 
Interbrand 
and 
DDB 
I 
tailored 
a 
go-­‐to-­‐market 
approach 
for 
professional 
service 
businesses 
called 
“Win, 
Deliver, 
Capture”. 
The 
nuances 
in 
professional 
services 
include 
high-­‐touch 
client 
service, 
a 
focus 
on 
thought 
leadership 
and 
many 
more. 
Each 
business 
should 
customize 
the 
process 
to 
fit 
the 
specific 
dynamics 
of 
the 
industry 
and 
the 
culture 
of 
the 
organizaCon.
A 
Way 
to 
Win 
A 
solidly 
built 
go-­‐to-­‐market 
strategy 
can 
provide 
compeCCve 
advantage 
and 
the 
Cming 
could 
not 
be 
beQer 
as 
markeCng 
conCnues 
its 
transformaCon 
to 
be 
more 
customer-­‐centric. 
It 
is 
also 
a 
Cme 
characterized 
by 
businesses 
focusing 
more 
on 
customer 
retenCon 
rather 
than 
one-­‐Cme 
acquisiCon. 
These 
trends 
are 
impacCng 
everything 
in 
markeCng 
from 
mission 
to 
measurement. 
Customer 
Intelligence 
Then 
Now 
Measurement 
In 
the 
past 
twenty 
years 
marketers 
became 
expensive, 
glorified 
party 
planners. 
Now 
there 
is 
the 
opportunity 
to 
return 
to 
the 
primary 
purpose 
of 
markeCng 
and 
that 
is 
to 
do 
everything 
possible 
to 
facilitate 
a 
sale. 
Businesses 
cannot 
let 
the 
their 
markeCng 
professionals 
pass 
off 
a 
calendar 
of 
unconnected 
events 
as 
a 
markeCng 
strategy. 
They 
need 
to 
be 
advocaCng, 
building 
and 
execuCng 
a 
go-­‐to-­‐market 
strategy 
with 
their 
compensaCon 
Ced 
to 
results. 
If 
they 
cannot 
deliver, 
it 
is 
Cme 
for 
a 
tough 
talk 
and 
a 
change. 
8 
represent 
the 
company 
finding 
customers 
represent 
the 
customer 
being 
found 
Mission 
mass 
adverCsing 
demographic 
1:1 
engagement 
behavioural 
point 
in 
Cme 
blasts 
disconnected 
channels 
relevant 
dialogue 
integrated 
channels 
TacCcs 
3rd 
party 
data 
intuiCve 
decision 
making 
owned 
smart 
data 
fact-­‐based 
decision 
making 
Jeff 
Swystun 
President 
and 
Chief 
MarkeCng 
Officer 
416.471.4655
Go to Market Strategies

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Go to Market Strategies

  • 1. The Missing Middle of Marketing: Go-to-Market Strategies The most important thing about a point of view is to have one.
  • 2. Do you know of a company where growth is not the top priority? Probably not. A Bain survey of 2,300 global companies found that management teams make big promises when it comes to growth performance. They plan to increase revenue at twice the market average and earnings at four Cmes the market. Not surprisingly, the majority fail to deliver. The study revealed that just 9% of these companies averaged annual revenue and profit growth of at least 5.5% while earning their cost of capital. I have consulted to companies in nearly every industry and one deficiency I find is how disjointed and inconsistent they “go-­‐to-­‐market”. This is reflected in the results that the Bain and other studies show. Most clients engage my company to help build awareness or to win more business. The former generally involves a large-­‐scale branding exercise to reposiCon the company while the laQer addresses frontline sales processes, acCviCes and organizaCon. Invariably, I discover their real issue is what I call the missing middle of markeCng. This is especially true in the case of creaCve agencies who are an acCve part of my client list. AdverCsing agencies, digital markeCng firms, brand consultancies, and design shops generally brand themselves well to aQract aQenCon. Then when they have a prospecCve client they will marshal their forces and give a great showing to close the business. Yet, they miss the middle. Precious few companies, regardless of industry, devise and consistently drive a true go-­‐to-­‐market strategy. Such a strategy exists to bridge the gap between brand awareness and sales. It calls on the enCre organizaCon to assist in business acquisiCon and retenCon. A company without a go-­‐to-­‐market strategy is like having a sandwich with two pieces of bread and nothing in between. There are a few reasons why the middle of markeCng is missing and one is language and definiCon. Marketers love to obfuscate with words, terms and processes and this has led to confusion within their own ranks. I have found when adverCsing agencies talk about markeCng they are actually referring to a bundle of disparate public relaCons acCviCes predicated on entering award shows and issuing press releases. This is what they call “markeCng”. Brand consultants hold events believing a steady stream of photos of people holding cocktails posted on Facebook will drive business. Even markeCng consultants have confused “markeCng strategy” and “go-­‐to-­‐market strategy”. They are used interchangeably when they are two very different tools. This mistaken and mislabeled situaCon is not confined to creaCve agencies. Recently, a technology client showed me their markeCng plan and it was clear aZer the first page that it was a direct sales approach built on tradeshows. A law firm too made the mistake of pu[ng the lion share of their efforts into generic thought leadership without thought given to who are their most desired clients. MarkeCng people around the world are confusing and irritaCng their chief execuCves with this mishmash of flawed thinking. 2 awareness markeCng go-­‐to-­‐ market tradiConal sales
  • 3. Seeking Clarity It is important to draw a line for clarity between markeCng strategy and go-­‐to-­‐market. MarkeCng strategy details a one-­‐way broadcast promoConal plan. It resides in the markeCng department and the rest of the organizaCon largely chooses to ignore it. A go-­‐to-­‐ market strategy is focused on how the organizaCon as a whole will put offerings into the market to reach revenue and profitability expectaCons. It impacts all funcCons within the organizaCon and calls on the enCre company to contribute to customer acquisiCon and retenCon. David Packer, co-­‐founder of HP, said it best, “ MarkeCng is too important to be leZ to the markeCng department.” That is why a go-­‐to-­‐market strategy is incredibly difficult to orchestrate but magical when done well. If you are sCll foggy then think of your own company. It is probably like the vast majority out there. When you talk “markeCng strategy” what you are probably doing is orchestraCng a series of events that may include product launches, newsleQers, social media and conferences. Your markeCng team takes these events and organizes them into an editorial calendar and calls that a “strategy”. It is not. That approach is busy work and it turns the markeCng department into tacCcal order takers who can then avoid responsibility for actually driving the company’s top-­‐line. Over Cme your company annualizes this into an uninspired process that builds a new calendar based on the previous year’s efforts. This is what has taken place in the adverCsing industry. Agencies now look and sound the same while doing the same things to aQract the same clients in the same uninspired ways. Agency markeCng chases mediocrity and safety in liberal amounts. A colleague who heads strategy at one of the larger adverCsing networks told me, “Our markeCng is nothing but a bunch of tradeshows. Award shows are tradeshows. Conferences are tradeshows. Our own events are tradeshows. We might as well be hawking car wax or super sharp knives. Name me one recent example of awesomely creaCve markeCng from an adverCsing agency or show me one consistent plan for targeted sales?” 3
  • 4. The fact that many businesses are not even doing basic markeCng strategy correctly is too big an issue for this paper. Suffice it to say that markeCng strategy involves WHO you go aZer and WHAT you will sell while “go-­‐to-­‐ market” is concerned with HOW your company will make it happen. And to be blunt, I have never seen this take place when it has been tasked to the markeCng department alone. Go-­‐to-­‐market skills are a disappearing art and science. I rouCnely speak at post-­‐secondary insCtuCons and have discovered that it is oZen not part of the curriculum or, if present, represents one half of one class in an enCre semester. This is a shame because so much of the markeCng budget and effort within companies is misspent and results could be much beQer. 4 what to sell where to sell how to sell MarkeCng Strategy Go-­‐to-­‐ Market Why Go-­‐To-­‐Market Before we look at process it makes sense to cover the benefits of a smart, creaCve and commiQed go-­‐to-­‐market strategy. Many people are aQracted to a career in markeCng because they think it is sexy and glamorous. They have visions of television commercial shoots, celebriCes, generous expense budgets, cocktail parCes and parCcipaCng in endlessly fun brainstorming sessions catered with sushi boats the size of oil tankers. MarkeCng does have its bright spots but like any funcCon with real responsibiliCes unsexy stuff has to get done. More realisCcally, markeCng is comprised of plain, old grunt work like maintaining databases, proofreading blogs, building Powerpoint presentaCons, spending six months strategizing and agonizing over the company holiday card, updaCng collateral, tweeCng when you have nothing to say, being the logo cop, and trying to rally other departments to use what you produce. On a related note, I love working with marketers who consider the non-­‐sexy parts of markeCng sexy – those are the ones who get stuff done.
  • 5. Go-­‐to-­‐market strategies are both sexy and non-­‐sexy. They are a lot of work but when they are humming along there is nothing sexier (I am using “sexy” a lot in this piece for some reason). Their benefits are both broad and deep including: Only the most aQracCve markets segments are considered which requires quanCtaCve analysis versus vague assumpCons and unsubstanCated anecdotes InCmacy with desired customer wants and needs is required making the work more interesCng and valuable. It stops markeCng from speaking in generaliCes and gets the whole organizaCon grounded in facts and real opportuniCes Growth with exisCng customers is part of the plan. A go-­‐to-­‐market strategy helps eliminate the arCficial difference many businesses create between new, new business and new business from exisCng customers Customer experience is integral to the approach, not just markeCng and sales, to ensure customers sCck around, buy more, refer more, cost less to service and provide unfiltered feedback Go-­‐to-­‐market strategies involve all aspects of the organizaCon not only the markeCng department so stand a much beQer chance of making a difference The approach hinges on authenCc, supportable, fast feedback from customers on how the business is doing. There is no waiCng Cll next year or next quarter to adjust one’s markeCng for enhanced relevance and differenCator Management guru Peter Drucker was talking about go-­‐to-­‐market strategies when he said, “The aim of markeCng is to know and understand the customer so well the product or service fits him and sells itself.” Such a strategy with its focus on customer inCmacy is the way to make this happen not by serving up a calendar of disconnected acCviCes whose only goal is acCvity for acCvity sake. For far too long company leadership has accepted this poor subsCtute as their “markeCng plan” and should now demand that their markeCng team be accountable and deliver something more focused, granular and tangible to achieve desired results. 5
  • 6. 6 Two Approaches There are many different approaches to devising a go-­‐to-­‐market strategy. All demand detail and criCcal thinking but they do not have to be laborious or taxing. The greatest challenge is found not in the model itself but ge[ng the different parts of an organizaCon oriented to working together to get, keep and delight customers. Given this approach crosses all funcConal departments and lines of business it makes sense if the Chief Strategy Officer or Chief OperaCng Officer run or sponsor the process. I found that most Chief MarkeCng Officers are toothless in comparison and have difficulty rallying all the troops. These folks may have a great Ctle but very few hold purview over such integral components of a go-­‐to-­‐market strategy as pricing, customer experience and product development. Most have sway over only one of the 4P’s and that is promoCon. Go-­‐to-­‐market strategies bring together all the commercial funcCons within a business. Of course sales, markeCng, brand management, and consumer insight are integral but in my experience it needs to go further. Human Resources must be involved so employees are schooled and rewarded in how they contribute. Customer Service ensures what is promised is what is delivered. Finance has to understand the investment required to make it all work. It truly is all for one and one for all. A go-­‐to-­‐market strategy asks five quesCons. At first glance, these queries appear basic but imagine them posed to your enCre organizaCon: WHO do we acCvely desire within the market? WHAT product & services fit each desired customer? HOW MUCH will we charge by desired customer? HOW will we promote our brand and products? WHERE will we promote and sell our products? Every company professes a process for going to market but these tend to be isolated from criCcal changes taking place externally. OZen markeCng is the last to know anything because departments do not talk or collaborate well with each other. The go-­‐to-­‐market strategy’s greatest benefit is as company unifier while represenCng the voice of the customer.
  • 7. The approach we advocate begins with business strategy. Growth targets and brand aspiraCons help idenCfy the most aQracCve and desired segments and customers. This requires insights into the consumer, market and compeCtors. This then leads to specific value proposiCons tailored to each segment or right down to the specific desired client. These value proposiCons are based on the company’s tangible strengths and true delivery capabiliCes. The offering is then brought to market with creaCve engagement and valuable sales support. 7 business strategy desired customer tailored value proposiCon business capabiliCes creaCve engagement expert sales customer experience feedback the enCre organizaCon Assuming all this good work fits and convinces the customer to purchase the product or service, the process then relies on the experience a customer has with the company. Given all organizaCons are fallible it stands to reason there will be good and bad experiences. A go-­‐to-­‐market strategy allows for unfiltered feedback so the business can quickly make and implement improvements. These improvements are the oil in the engine of a go-­‐to-­‐market strategy. The concept is universal but different industry dynamics may alter the model. While working at Interbrand and DDB I tailored a go-­‐to-­‐market approach for professional service businesses called “Win, Deliver, Capture”. The nuances in professional services include high-­‐touch client service, a focus on thought leadership and many more. Each business should customize the process to fit the specific dynamics of the industry and the culture of the organizaCon.
  • 8. A Way to Win A solidly built go-­‐to-­‐market strategy can provide compeCCve advantage and the Cming could not be beQer as markeCng conCnues its transformaCon to be more customer-­‐centric. It is also a Cme characterized by businesses focusing more on customer retenCon rather than one-­‐Cme acquisiCon. These trends are impacCng everything in markeCng from mission to measurement. Customer Intelligence Then Now Measurement In the past twenty years marketers became expensive, glorified party planners. Now there is the opportunity to return to the primary purpose of markeCng and that is to do everything possible to facilitate a sale. Businesses cannot let the their markeCng professionals pass off a calendar of unconnected events as a markeCng strategy. They need to be advocaCng, building and execuCng a go-­‐to-­‐market strategy with their compensaCon Ced to results. If they cannot deliver, it is Cme for a tough talk and a change. 8 represent the company finding customers represent the customer being found Mission mass adverCsing demographic 1:1 engagement behavioural point in Cme blasts disconnected channels relevant dialogue integrated channels TacCcs 3rd party data intuiCve decision making owned smart data fact-­‐based decision making Jeff Swystun President and Chief MarkeCng Officer 416.471.4655