Archive for the ‘Forrester’ Category

How Social Media is Helping Marketing, PR, and Sales Become Better Friends

By Michael Brenner, Senior Director of Global Marketing at SAP

The biggest question I get asked on B2B Marketing Insider is about the challenges of sales and marketing alignment. I try to address the big issues in B2B marketing—such as integrated marketing, demand generation, and social media—but somehow, the topic comes back around to the relationship between sales and marketing. And it extends to our colleagues in PR.

I guess this shouldn’t be a huge shocker. I started my career in sales. Then I quickly moved into marketing to follow my frustrations. The alignment problem is what drove me into marketing.

BtoB Magazine recently reported on a Forrester survey that proves the point that this is huge challenge: only 8% of B2B companies say they have tight alignment between sales and marketing. Just 8%. They identify marketing’s long-term view vs. sales’ short-term view as the main reason for this disconnect.

So how can marketing and PR lead our organizations to better alignment with sales? The answer is social media.

A recent survey of 175 CMOs by Bazaarvoice and the CMO Club tells us that 74% of CMOs will tie their social media activities to quantifiable ROI in 2011. While that should help address the timing differences, I think there is more to it.

Today more than ever, marketing sells and sales people are marketing. And we are all communicators—some of us just more highly trained or capable. As Joe Pulizzi recently exclaimed, “Yes, We’re All Media Companies. What Now?” We need the content we produce across our companies to be professional, solve real customer problems, and be easily found.

Along comes social media, causing even more of a collision between sales, marketing, and PR/communications. The reason? We are all trying to align around customers through social channels. Add customer service, support, HR, and operations folks, and we have a real social media cocktail party happening.

Steps towards social alignment:

  • Define the goal. Marketing and PR should help lead our organizations to a better total customer experience in alignment with sales, but also across our entire organizations.
  • Work together. Social media can help us all get along (better). Marketing and PR should continue to take a leadership role in social media by defining how to best orchestrate social media strategy with sales, customer service, support, and other customer-focused groups across our companies.
  • Develop a crisis plan. This is really where PR can take the lead. They have the skills and best practices knowledge, but they also need to partner with marketing, sales, HR, and customer service so that a 360-degree process is identified. As the Kenneth Cole fiasco on Twitter showed us, the crisis can come from anywhere, even within. So get your crisis plan in place today.
  • Manage responses. One of the biggest opportunities for companies in social media is to develop a full response plan for inquiries, complaints, and so-called “trolls.” Here is an excellent example of a social triage process that can be used a model. By taking a leadership role in defining how we listen to social conversations and how we will respond, our companies can begin to achieve the true goal of a positive total customer experience.

I believe that by following these steps, we will start to see marketing, sales, PR, and all the functions across our companies become much better friends. And we just might create some new, happy customers along the way.

Posted in Alignment, B2B, Best Practices, BtoB Magazine, CMOs, Content, Conversations, Crisis Management, Customer Experience, Customers, Demand Generation, Engagement, Forrester, HR, Integrated Marketing, Lead Generation, Listening, Marketing, Michael Brenner, Public Relations, Relationships, ROI, Sales, Strategy | Comments Off on How Social Media is Helping Marketing, PR, and Sales Become Better Friends

Using Metastrategy to Amplify Your Media Performance

By Alan See, Chief Marketing Officer at Berry Network

The prefix “meta” is used to mean about its own category. For example, under the umbrella of business intelligence, you often hear the term “metadata,” which means data concerning data. For purposes of this short post, “metastrategy” could be described as an overarching marketing strategy determining which media strategies to use during various phases of the consumer purchasing process (strategy concerning strategy).

As your customers move through the purchasing process, multiple media channels have the potential to impact their buying decisions and shopping experiences. This makes an integrated marketing strategy more important than ever. There is strategic marketing importance in each phase of the consumer buying process in today’s competitive economy.

In the Berry Network Social-Ready Assessment, we asked respondents: “What level of priority does your company currently assign to social media marketing?” Less than 40 percent of our respondents rated the priority of their social media marketing initiatives as neutral or low. Interestingly, nearly 100 percent of those respondents are SMBs with revenues less than $100 million. Does that mean small businesses are anti-social? I don’t think so, but many are putting off their strategic marketing planning process since nearly all of the neutral and low responders also stated they “haven’t addressed social media related to corporate strategy on either a formal or informal basis.”

Not having a strategy is a dangerous place to be. In fact, in the Forrester report “Benchmarking Social Marketing Plans for 2011,” analyst Sean Corcoran states, “Any company not creating a long-term strategy, setting budgets, allocating resources, or setting policy is already falling behind. Interactive marketers should follow the companies that were brave in social media marketing and implement now rather than wait and learn the hard way.”

The current combination of declining customer satisfaction levels and economic concerns is creating the perfect customer experience storm. In this type of business climate, those companies that focus on an integrated consumer purchasing process will be the ones that come out on top. That means a relentless and coordinated approach to strategic marketing across all media channels has never been more important.

Posted in Alan See, Customer Experience, Customer Retention, Customers, Forrester, Integrated Marketing, Marketing, Metastrategy, Strategy | Comments Off on Using Metastrategy to Amplify Your Media Performance