Great to drop in to the B2B Ignite Conference in London and participate in the panel on the thorny (!) topic of "Communicating the commercial value of marketing to the board". Wonderful to see such a vibrant event with quality speakers and hundreds of delegates.
And thank you to Joel Harrison for the invite and to Nimmi Bhalla of Virgin Media O2 Business and Graham Wylie of ADP for the great discussion. I really enjoyed and valued all your perspectives.
Here's my takeaways from the conversation:
💡 Size doesn't matter. Whether you're in a multi-national corporate or a high-growth start-up, its essential to position the impact and potential of marketing to any senior business leadership team.
💡 KPI/OKR Alignment. There are many things we can measure in marketing but understand & focus on what the business cares about (typically revenue and margin). Keep the rest "in the family" (e.g. event attendees, ad impressions, MQLs etc). These are important for optimisation, not presentation.
💡 Build a data culture. Once the KPIs are understood, encourage the team to lead every conversation/team meeting with that data. It won't be perfect, but aim for iteration over perfection. This will help to align activities to impact.
💡 Take the emotion out. For once let's take the emotion out of B2B marketing! Centralise data management into an operations team (could be outside of marketing) and stop the debates on whose spreadsheet is correct! Consolidation will result in better tools to support the team in their data journey and ultimately this will drive consistency across the team and in the business.
💡 Promote transparency. Embrace failure and foster a culture of openness and transparency. Recognise both successes (what went right) as well as failures (what we learned).
💡 Share dashboards widely. Make dashboards accessible to all stakeholders (including sales) to encourage open, objective, and constructive discussions. If you can, don't decant results into presentations - share links to live dashboards.
💡 Headlights not rear-view mirror. Finally, in all of this it should be marketing's job to help the business to focus on the right things (brand? product? price?), and being data-driven gives a solid foundation to be the headlights for the business (setting the strategy) not the rear-view mirror (being in service to the business).
In summary - JDI !!! Again, things won't be perfect, and a core skill of any marketing team should be operating on incomplete data. But you need to start. You may not even have targets for some KPIs, in which case set a target to measure and benchmark. From there you can work on improvements as you evolve what good looks like. And of course forums like Propolis can help with understanding industry benchmarks.
Lots more I'm sure I've missed, and we could've gone on for hours!!!
Thanks again to the B2B Marketing team for the invite. It was a blast! 🚀
📷 : Darren Coleman
How AI enables not inhibits creativity
First outing in 6 weeks post-surgery and worth it to see Adobe put on a show. They’re the best in the biz ❤️
✨ No surprise, Gen AI was front and centre but it was refreshing to see AI making that most human of things, creativity, even easier.
🤩 So many admin tasks weigh down the artist, designer and marketer and it was a reminder that AI can be an enabler not an inhibitor. In some ways taking many things out of the way of the creative process.
💡 My own experience with AI, and it seems to be Adobe’s approach too, is that it’s an amazing assistant, but one that always needs human supervision.
💡 One thing is clear - we all need to embed AI into our daily workflow, be that for content, process, editing, creative inspiration or ideation. And not just in “artistic” endeavours. Embrace it!
Now to retreat back home, fire up ChatGPT and rest 😀
#AI #creativity #adobemax #london
AI, Cats In Space Suits and Marketing Productivity
Really enjoyed being part of the Propolis panel discussion "How to use AI to bridge the marketing effectiveness and productivity gap" together with Joel Harrison, Karla Wentworth and Patrick Furse.
You can get the full scoop by joining the Propolis community : https://lnkd.in/ecnmbT32
AI is no doubt both a threat and a lifesaver for B2B marketers, and its interesting to see how the industry reacts to it. My POV is its only a threat if you see it as one. Any new technology is an opportunity :
today's best film directors started out embracing the video camera revolution
the most successful content creators took advantage of platforms like YouTube and TikTok
cultural figures extended their reach via podcasts.
And B2B marketing is no different.
Your choice : disrupt or be disrupted.
As to "productivity challenges" it seems the common theme from a survey of the Propolis community is being overwhelmed. AI is absolutely perfectly placed to help here. B2B marketers can easily use AI to reduce some of most the repetitive tasks, e.g. understanding industry trends, tightening up copy, finding quotes and data points, editing video, writing FAQs. The list goes on. It may not be as fun as generating an image of cat in a spacesuit, but it'll not only start you on the road to understanding AI, but will also help free up your time to do the more important things.
Find out so much more, and whether you're a pirate or in the navy (!), at https://lnkd.in/ecnmbT32
Marketing measurement: The new terms of engagement
Delighted to be a guest on Agent3’s “Agents of Change” podcast.
I had the chance to discuss the pressure on Marketing teams to demonstrate contribution to business pipeline and new customer acquisition. Such demonstration - or attribution - then calls into question the measures that are typically put in place around Marketing, including the term ‘Marketing sourced.’ Particularly when success is often measured in relation to lead generation.
The answer, I propose, lies in measurement of engagement with buying units, whether that be net new account buying units, or engagement within existing strategic accounts that opens up opportunities to cross sell and upsell. Businesses need to move away from an obsession with ‘give me leads’ and instead measure marketing on demonstration of supporting sales and partner team account goals with impactful customer programs and insights.
Thank you Agent3 for having me! Give the episode a listen!
Old tech, new tech : The song remains the same
Another day, another disappointing Virtual Experience. Before we get too excited about AI and the Apple Vision Pro, lets remember we're still struggling to master the old tech.
After spending an inordinate amount of time perfecting my avatar (who knows why for a one hour event) for this virtual "experience", I've just spent a few minutes running around a virtual world "emoting" (i.e. jumping, clapping, cheering) and failing to access any content in what is clearly a business event. What is this, 2003?! Pass me my Linden dollars.
So before racing on to that new shiny thing, let's just get really good at what we have already. I know its not easy but the new tech will not make this any easier.
#marketing #b2bmarketing #innovation
Creativity is alive and well in Las Vegas.
U2:UV
A multi-media experience in the awe-inspiring “The Sphere”. Almost impossible to put into words.
Art, science, music, immersive, overwhelming, intimate, emotional. The future.
And proof that people buy experiences. 40 sold out shows, premium ticket prices, high merchandise sales. The bar is raised.
And don’t believe these “consumer” events don’t impact “B2B”. You can’t hide from what’s going on out there. No more text emails, clunky web sites, dull social posts, lengthy white papers and bland events.
Think about the experience. And understand what your customers are experiencing the 99% of their day they aren’t dealing with you.
#creativitymatters #experiencesthatmatter #b2bmarketing
Contemporary Issues in Marketing
Enjoyed talking with a group of 3rd Year Business Management Students at St Mary’s University, Twickenham on "Contemporary Issues in Marketing".
Whilst there are many challenges, most have been constant for decades (understanding the customer, building a point of differentiation, being smart on channels, sales/marketing alignment, etc. etc.). So thinking of "contemporary" issues was harder than I thought! I came up with five:
💥 Consumer Choice - the war for attention / consumers having infinite choices at their fingertips in milliseconds / how the customer controls the purchase journey
💥 Channel complexity - so many choices, so little budget / cutting through the digital noise / the yearly rise of new channels
💥 Sustainability - consumers demanding greater brand transparency on DEI, ESG & sustainability
💥 Skills - marketers needing to be much more multi-faceted across business, creative, data & program management
💥 AI - no presentation in 2023 is complete without AI! Those who embrace AI will win over those that don't
There are many more I could've added, I'm sure. Let me know your top 5?
Lots of great questions from the students too on ethics, politics in marketing, B2B vs B2C. Great to see such an engaged group. Thank you Lucy Timms for the invite!
How To Fail & The Power of Vulnerability
Its very rare I say I was blessed/honoured/fortunate to attend an event, but last week's LinkedIn event in London was quite simply transformative. Featuring guest speaker journalist/author/podcaster Elizabeth Day (big fan!), "Chatham House" rules prevent me from sharing too much detail.
Elizabeth's podcast "How To Fail with Elizabeth Day" celebrates the things that haven't gone right. Interviewees explore what their failures taught them about how to succeed better. And often those failures are being shared in public for the first time, with many being highly personal.
This neatly dovetailed into how as leaders we need to be authentic through sharing failures or vulnerabilities and indeed being more open. Some thoughts :
✨ sharing personal experiences (very hard for us Brits!) only strengthens your professional relationships and makes you a better leader
✨ embrace failure & celebrate how its made you better (which 99% of the time it does)
✨ failure will happen and its fine. (Reminds me of telling my son, new to cycling, that you WILL fall off some time and you WILL get a mech failure or puncture. Its all good, embrace it!)
✨ at work, don't be afraid to say "I don't know" or "I don't have the answer". Infallibility is ok!
Finally thank you to Fredrik Borestrom Luke Phebey for the invite and to Josh Graff for hosting. The organisation, venue, food and company were outstanding. Josh - you have a second career as an interviewer!
And if you haven't already, check out Elizabeth's podcast. Great guests, often deeply moving stories but with moments of great humour!
#leadershipdevelopment #authenticleadership #vulnerability
How to build an elite ABM team
Thank you B2B Marketing for inviting me to talk at the Global ABM Conference in London!
Always great to catch up with familiar faces and get inspired by my peers.
For my part I spoke on "How to build an elite ABM team" (their title, not mine 😀 ).
And whilst elite is an aspiration, I could certainly share some key ingredients for high performance based on my experiences at Adobe, Yext and VMware. Four thoughts:
🌟 Account selection and planning is the new handshake between marketing and sales. It's the greatest opportunity to be set up for success and for marketing to be in the driving seat. Setting criteria is key for accounts to enter the program. Not all accounts need marketing love.
🌟 ABM demands a new set of skills and success is based on marketers becoming a business partner not just an execution centre of excellence. Customer understanding plus understanding business objectives is vital.
🌟 ABM needs to be part of a Go-to-market strategy, not just a cool thing marketing can do for our customers. Top down sponsorship is key.
🌟 AI is not the answer (technology very rarely is). But keep on top of the oportunity and encourage your teams to experiment (but behind the fire wall!)
Thank you Joel Harrison Richard O'Connor for the invite. And to Will of Momentum ITSMA for providing some supporting research data.
And good to meet/chat Ceri, Paul, Matt, Ilvija, Andrea, Louise, Pippa, Rachael, Marina!
Photo : Paul
Does B2B Marketing Needs Don Draper?
Loved taking part in True's "B2B Marketing Needs Don Draper" podcast series, discussing the connection between brand and lead generation in B2B marketing, scaling strategies while maintaining the human touch, and the impact of CMOs coming from a brand and creative background.
But most importantly, we discussed why there's never been a better time to be a B2B marketer. Madmen may be an era for the advertising industry to reminisce on, but now is the golden age for B2B marketing!
Thanks to Nathan Anibaba and Richard Parsons for the invite!
Check out the episode here: https://lnkd.in/gJm4c9rV
#b2bmarketing #b2b #marketing