Changing The Marketing Game (10 06 2011)V5

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Brand promises must be aligned with compatible brand actions if marketing is to create genuine, customer-focused value

Transcript of Changing The Marketing Game (10 06 2011)V5

Brand promises + brand actions = brand value $

Mitchell Mackey

mitchell_mackey@hotmail.com+61 402 790 723

mitchell_mackey@hotmail.com+61 402 790 723

Agenda

The opportunityThe solutionThe integration imperativeMetrics and goals

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Brand promises must be matched by brand action

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You cannot consistently

frustrate your customers & keep

their business

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Too many sales teams are forced to be hunter killers

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Process, culture & I.T. issues mean few leads are harvested

Lead gap

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Complexity reigns in today’s sales & marketing funnel

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Agenda

The opportunityThe solutionThe integration imperativeMetrics and goals

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In a commoditized world, brand experience is the differentiator

Experience-based differentiation: A systematic approach to interacting with customers

that consistently builds profitable loyalty

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Embracing the future means we must integrate our silos

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Brand promise + brand action

TV Print&

radio

Shows&

events

Directmail

Email Web &socialmedia

Retail/Distri/butors

Callcentre

Supplychain

Sales Product

Communicate image Deliver value

Making promises

Keeping promises

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Apple’s brand eco-system promises and delivers

Emotional productsHi-touch designEngaged staffCool softwareIntegrated marketingSexy retail spaceElegant packagingLeadership

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From the funnel to the cycle

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New school marketing

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Marketing Sales

Filling the process gaps

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Applying the key principles of cross-channel design

Face to face Phone Digital Mail

Choice: the customer decides

Consistency:Eliminate confusion

Continuity:Smooth handoffs

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Agenda

The opportunityThe solutionThe integration imperativeMetrics and goals

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The enabler: integration

Customer-first visionSales automation (CRM)Marketing automationData aggregationCross functional processesSales & marketing synchronizationRadical transparency

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Our 3 Experience-Based Differentiation principles

19Source: Forrester Research

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Who are our customers and what are their goals?

2) Theirgoals3) Helping them

accomplishthose goals

1) Ourcustomers,representedby personas

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Join the people, processes and technology dots

Process

People

IT

1) Process engineering

2) Digitization

3) User engagement

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“Customer centricity is great theory, but our I.T. is a mess”

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Yesterday’s I.T. or today’s B.T.?

• Heterogeneous legacy systems

• Multiple data entry

• Cockroach legacy systems

• No real-time reports & analysis

• An integrated environment

• Enter data once

• Accountable marketing

• Real-time intelligence

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Don’t pour any traditional “on-premise” I.T. concrete

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Joining the dots unlocks value

RetailSocial media

Contact Centre

Internet presence

Brand advocates

HQAfter sales

Customer

CRM

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Achieving business goals through customer goals

Business objectives Related customer goals

Increase conversion rate from 30% to 35%

Find relevant products & compare features

Reduce contact center calls by 10%

Understand product terms & conditions

Generate 5% more Website leads

Smooth web-to-contact centre transitions

Build brand loyalty Accomplish tasksquickly and easily

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Innovating value

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Opportunity Identification

Interface

Idea Co-Development

Concept Co-Development

Concept Test (feedback)

Iterations

Customer

Tomorrow

Opportunity Identification

Idea Development

Concept Test (feedback)

Concept Development

Customer

Interface

Today

Engage consumers early in product & service innovation

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Marketing’s two-way street: conversations, not campaigns

CollaborativePersonal

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ReciprocalCustomized

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Agenda

The opportunityThe solutionThe integration imperativeMetrics and goals

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Invert the organization's traditional pyramid

The customer

CEO

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Radical management:dynamic linking

OpenSocial

MobileSelf organising

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Real-time reporting & analytics fuelling data-driven decisions

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The key question

“Would your recommend us to your family, friends and colleagues?”

Yes

No

X

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Net Promoter Score is the best growth predictor: Bain & Co.

7-8

9-10

% Promoters

minus

% Detractors

Extremelylikely

Extremelyunlikely

0-6

35Source: Bain & Company

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Track the economic impact

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“Our ambition is to have 100% of our customers recommending us 100% of the time.”

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The audacious goal

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Thank you