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The Marketing Leaders Seat at the Executive Table
| Posted on February 22, 2016 at 3:45 PM |
The
executive team gathered around the conference table and the webcam flashed
green as the First-Half 2016 sales forecast began. The CMO remembered a time when these meetings
were in person and required full business attire, there was no PowerPoint, and
there were no smart phones or facilitated hashtagged social conversations with
the audience. The business world had
changed though, and he loved it. He can tweet
and blog with the best of them. Social
media and mobile devices were changing the business landscape, and he was
determined to help his company meet the transformation challenge. The prior year had involved several
one-on-one meetings with his counterparts.
They were productive, but at times he could still feel a little tension
and some apprehension. Information Technology - The Chief Information
Officer The prior
year included several meetings with the Chief Information Officer. In late 2012 Gartner analyst Laura McLellan
had published a report that contained the statement “by 2017, the CMO will spend more
on IT than the CIO.” Of course a
sound bite like that raised some eyebrows in both marketing and IT. 2017 is now less than one year away and it
was time to check their facts and see if that prediction could be supported
with their own data. The CMO and CIO had
already been working closely together over the past couple of years as a result
of the organizations ongoing social media and mobile marketing
initiatives. And what did they discover? That technology
was indeed the second largest part of the marketing budget. But for their company, the associated dollar
value was not more than the IT budget or likely to overtake it. What was actually becoming of greater concern
was the number of applications, programs and platforms the small marketing team
was being tasked to learn and manage. In
fact, across all the marketing functions, the number currently stood at well over
two dozen. CMO/CIO Collaboration: Marketing departments
are often responsible for several technical applications. They can include
aspects of CRM, marketing automation, email marketing, website analytics, data
analytics, marketing research, creative applications, webinar-meeting, and
more. This doesn’t even begin to touch
on all the new social media and mobile marketing related platforms and
applications that are now part of the strategic marketing plan. The CMO and CIO need to focus more on
matching talent and headcount to the applications that are actually being used
and bringing value than worrying about who has the bigger budget. Sales - The Chief Sales Officer Like many
CMO’s he had started his career in sales.
He had carried a quota and covered a territory just like the CSO. That background brought great credibility and
helped them agree on many strategies; but they could still have their moments
when it came to lead generation. Of
course sales would like “qualified,
ready-to-buy right now” leads. But
they both know in complex solution selling environments that’s not a realistic
expectation. Marketing was providing
support through the entire sales cycle, but their main focus - including the
budget - was on the front end. Creating awareness,
generating interest and building greater industry credibility had been
important to helping them engage with prospects and customers. And the fact that over 60% of their marketing
budget was dedicated to lead generation activity supported that point-of-view. CMO/CSO Collaboration: There will always be some degree of tension
between sales and marketing when it comes to lead generation activity. And that’s OK, the key is not to let it
spiral out of control. One area the CMO
and CSO agreed needed more focus was on helping the sales teams understand and
make better use of social media, particularly LinkedIn. Many sales people still view social media as
child’s play. They are not leveraging
social platforms as business development tools.
Subject matter experts from the marketing team need to spend more time
training the sales teams, one-on-one if necessary, in order to make
improvements in this area. Legal - Chief Legal Counsel A few
years ago the CMO and Chief Legal Counsel had a difficult relationship. At one point the CMO had actually said “I’d rather go to the dentist than have a
meeting with our legal department.” The
reason is that Legal and HR had formed an alliance to band all corporate social
media activity. Employees were not allowed
to access LinkedIn during the early social media years and later on blogging, Facebook
and Twitter went through similar review processes. That was now in the past, the legal
department was onboard. CMO/Legal Collaboration: Legal understands the value of social media and
recognizes the fact that there will always be some degree of risk associated
with those media channels that cannot be totally mitigated. However, that doesn’t mean marketing gets a
free pass. The marketing department will
work to make sure all “Social Media
Policies and Procedures” documentation is always up-to-date and
communicated throughout the organization.
This will be very important because “Social Employee Advocacy” software applications are likely to
expand how marketing leverages social media throughout the company in order to
help employees feel comfortable in the role of brand advocates. Human Resources - Chief Human Resources Officer Like
legal, HR has been fully engaged with marketing as it related to the new social
media channels. Sure, in the beginning
they worried about employee productivity and whether or not social media was
even relevant to their functional area.
At times they still wonder about the productivity, but they definitely
see the recruitment value. CMO/HR Collaboration: There are two important areas the CMO would
like to see addressed as it relates to HR and how their current processes
impact the corporate brand. Both projects
will also involve IT. First, current
HR applications and processes offer prospective employees the ability to connect
their LinkedIn profiles and or upload their current resumes. Either way, the process still requires them
to enter the same employment and education history that can be found in those
sources. This duplication of effort is time
consuming, frustrating and leaves a bad first impression of the corporate
brand. Second, automated
boilerplate rejection letters are killing brand value. Take a close look at the message projected in
a typical automated HR letter: What type
of messages are we sending? Here are
just a few to consider: 1. Applicants don’t appear
to rate a human response. Sorry the “HR
Department” doesn’t count. By the way,
how do you feel when you get an email concerning a subject that you’d naturally
like to respond to, but can’t? 2. The subject line
“Thank You for Your Interest” feels like a Western Union Death Notice. 3. The applicant response
is not personalized. Sorry, just because
you used their first name in the opening doesn’t make it personal. Most standard rejection letters have the
exact same wording. It appears that all
HR departments are using the same group of lawyers for this task. Sorry, just kidding. But really, how original. 4. Your high-level
feedback, “credentials and experience are valuable” is too general in nature
and is not helpful to the applicant or the process they are going through. 5. The same form
letter is sent to nearly every applicant.
Sure, the three or four you interview and the one person who gets the
job doesn’t receive this particular letter.
But think of the hundreds of individuals, some who might be potential
customers and have a high degree of social influence, who are now very disappointed
and perhaps quite insulted by the rejection. 6. The response was sent
late. They applied for that position three
months ago. The fact that you were busy
is not an excuse. Simply terrible. In my opinion the hiring manager (even
if the position is reporting directly to the CEO) needs to send the
letter. A form rejection letter sent
from HR months after the application was submitted only confirms that they were
never seriously considered. We’ve
figured out how to do one-to-one marketing with our customers and prospects;
it’s time to bring that same care to our HR process or we’ll find ourselves
losing ground fast in the social economy. CMO / CEO Collaboration: The Chief
Executive Officer came up through finance and is pretty much a numbers
person. And, as you might suspect, the
CEO takes special interest in things that increase revenue, decrease costs, or
mitigates risk. In short, that means the
question “What’s the ROI?” is never
going to be far from the surface. The
CEO is speaking now so let’s listen… “What is currently
impossible to do that if it were possible would change everything.” That’s an
interesting question to open the meeting… “Well, use the hashtag
#ItsPossible for today’s meeting because we’ve got big news!” OK, the
CEO is more than just a numbers person!
The CEO understands the importance of leading by example and is not
afraid to leverage the new social platforms.
Perhaps I’ll take some time to enjoy my seat at the executive table this
year. |
Categories: CMO, Human Resources, Leadership
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