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Tag: Marketing

The New Role of the CMO: Chief Alignment Officer

Posted on by Tracy Lloyd

No role in an organization has evolved more rapidly than the CMO’s. It used to be that owning branding, communications, and campaigns defined the job. Now, CMOs need to be experts on customers, marketing tools and advanced analytics, and business strategy. Brand management remains an essential duty, but in service of driving business growth. Most importantly, because a CMO’s work connects directly to sales, product development, IT, finance, and other parts of the organization, CMOs find themselves needing to play a growing role in aligning their organization around new ways of thinking and working that will help them engage customers more effectively.

For those in TL;DR mode, the quick takeaway is: CMOs are being stretched, so they might sometimes need a hug (but please ask first).

Here’s a by-no-means exhaustive look at some of the shifts that we’ve seen impacting how a CMO shows up:

From To
Voice of the Brand Voice of the Customer
Intuition & Instincts Data & Technology
Brand Management Brand Innovation
Strategy + Execution Alignment
Awareness Recognition

 

Voice of the Customer

The amount of information we have about customers is only increasing. How does a temperature between 70 and 75 degrees impact consumer behavior on Mondays vs. Fridays? What is the correlation between a new Netflix series and GPU buying decisions? What invisible patterns in customers can data now make visible? More and more, it’s up to the CMO to develop the customer insights that shape how a business goes to market. And because so many groups touch the customers, from sales to product to finance to corporate strategy, the level of collaboration required to align on these insights requires a significant investment.

Data & Technology

The increase in customer data a business can capture also gives rise to new suites of tools and technologies that a CMO can use to mine for insights, optimize campaigns, and deliver experiences across channels. When almost every brand action can be quantified, decisions about how to go to market are becoming increasingly data-driven. As a result, the CMO is responsible for leading the digital transformation of the marketing organization, which requires deep partnership with IT (among others) to develop the tooling and data models that align with the organization’s technology systems. While a CMO needs to rely on her or his instincts and intuition when it comes to decision making, increasingly they need to justify their strategies with that data when it points in a certain direction. The more fluent a CMO becomes in technology, the easier it becomes to reconcile data-driven insights with gut instincts.

Brand Innovation

More than anyone in the organization, a CMO needs to connect the dots between a brand’s legacy and its future vision. As much as products need to innovate, brands must as well to remain relevant: messages need to resonate with how the world is changing, and their expression needs to drive differentiation. But in doing this, a brand must also feel familiar and take advantage of the equity it’s built with audiences. As brand management becomes increasingly data-driven, brand innovation is also becoming more dependent on analyzing trends, creating new audience definitions and segmentations, and delivering next-level experiences that are hyper personalized and hyper-relevant. And these insights provide fuel for both brand and product innovation. The CMO that can use data to drive innovation across the organization is one that will stick around.

Awareness & Recognition

For years, marketing’s job was to be seen: build awareness, own share of voice, stay top of mind. That’s no longer where the real evaluation happens. Customers, investors, analysts, and recruits increasingly form a point of view about a company before anyone from the company ever speaks to them—often by asking an AI system what the company is. That system doesn’t call sales. It assembles an answer from whatever is already on the record: the website, the product pages, executive interviews, customer language, analyst coverage, and years of scattered marketing history.

When that record is current, consistent, and complete, the AI’s answer sounds like the company. When it’s stale, contradictory, or thin, the AI defaults to the nearest familiar category—and the company gets misunderstood, for example, seen as smaller, older or something other than it has earned the right to be.

This is the shift CMOs are living through right now. It’s not enough to be found. A company has to be recognized—accurately, consistently, and for what it has actually become, not what it used to be. That’s a brand problem before it’s a technology problem, and it’s quickly becoming one of the most consequential things a CMO owns.

Building Alignment

It’s not enough for a CMO to develop a winning marketing strategy and execute flawlessly. As organizations become increasingly customer-centric, a CMO needs to bring every function in the C-Suite into the conversation about how to drive growth. From gaining the full embrace of Chief Revenue Officer for their marketing strategies, to the creativity of the CTO as you make your strategies more data driven, to HR working to bring new talent to the table, to the head of Product working in partnership around how to claim new audience segments, and the CTO finding budget to drive the strategy forward, marketing has become increasingly a team sport.

It’s no wonder that CMO turnover is high, and those in their positions feel they’re continuously in the hot seat. While the complexity of marketing is growing and budgets are coming under increasing scrutiny, there’s never been a more exciting time to be leading a marketing organization. All the data organizations have been amassing and the tools ready to parse it can reveal truly amazing insights about customers and how to connect with them. But only if a CMO can enlist the organization in lending a hand in making this all happen. And this comes down to storytelling and building alignment.

We’ve worked with many organizations to craft what we call a Growth Manifesto—a strategic narrative that shows how the thinking that goes into brand development can open up new possibilities across an organization—from how people think about innovation to the collaboration required to bring new ideas to life. We’ve seen that a Growth Manifesto serves as an incredibly effective tool for building that alignment that is essential to getting every part of an organization living a new brand promise. While CMOs will always own the brand, communications, and marketing lanes of a business, as their role evolves, we’re seeing how they also need to become experts at building alignment between the functions that marketing depends on.

We think about that alignment challenge as closing the distance between the company a business has actually become and the company the market—human or artificial—is prepared to recognize, believe, and price. Closing that gap has quietly become one of the biggest jobs on a CMO’s plate.

If you have thoughts about the new challenges CMOs face today, please add to the conversation below. And if you’re thinking about ways to address specific marketing challenges in your business, we are always happy to help you think through how to approach the challenge.

Emotive Brand is a brand strategy and design firm for product-proven B2B technology and AI companies. We help close the distance between the company you’ve built and the company the market is prepared to recognize, believe, and price—so you’re understood, valued, and priced for what you’ve built.

Challenger Brands: B2B Challengers

Posted on by Emotive Brand

Continuing the Challenge

This post is the second in our three-part series on challenger brands. You can read part one, “Challenger Brands: A Primer,” right here.

Previously, we spoke about adopting a challenger mindset. It’s one defined by ambition, agility, and a willingness to take risks. Most importantly, we noted how businesses are no longer competing against each other—they are competing against the category they are in and the expectations of what a customer experience feels like.

At a glance, these personality traits naturally lend themselves to the B2C world. Ask anyone to rattle off a few challenger brands and you’ll invariably get the same answers: Uber, Netflix, Spotify, Airbnb—and it makes sense. When you’re trying to rewire people’s preconceived notions, B2C is, by definition, the shortest path to the customer.

But it is by no means the only path. The worlds of B2B technology and AI companies and B2B2C are being transformed by challenger brands. Just look at ZipRecruiter, Zoom, Slack, or even Salesforce. If you can’t see it on the surface, it’s most likely occurring behind the scenes in their business strategy.

B2B Technology and AI Companies as Challengers

Founder of 500 Startups, Dave McClure, notes that

“The next bubble is not in tech where innovation and capital are never in short supply. Rather, the real bubble is in far-too-generous P/E multiples and valuations of global public companies, whose business models are being obliterated by startups and improved by orders of magnitude. As more Fortune 500 CEOs recognize and admit their vulnerability to disruption, expect them to hedge their own public valuations by buying the very same unicorns that keep us awake at night.”

Many legacy B2B companies end up following a similar lifecycle. They start off small and hungry, build a legacy off of their early innovations, ride the wave for as long as possible, and then go out and acquire innovation when they start to stagnate. The daily churn of operating a business makes it very difficult to ignite the same innovation that got you started. So, you import. To be clear, there’s absolutely nothing wrong with that. But it’s a strategy that ultimately puts your future in the hands of other creators.

Homegrown Innovation

Regardless of size, if B2B brands want to truly adopt a challenger mindset, they need to take active steps to continually foster their own innovation. Famously, Google has a 20% rule. Implemented by Google Founders Larry Page and Sergey Brin in 2004, it’s designed to give employees one full day per week to work on a Google-related passion project of their choosing or creation. It’s the same strategy that created Gmail, Google Maps, Google Talk, Google News, AdSense, and many others.

The point being, words like agile and innovative don’t have to be words that are only synonymous with startups. B2B companies can instill a challenger’s sense of agility through the behaviors and culture they nurture. If you’re wondering how a B2B brand knows if it should adopt a challenger mindset, there’s a wonderful diagram created by Michael Hay, a business leader with fifteen years at IKEA, that can help. Outlining four essentials for driving a successful change of strategy, it acts as a checklist for recognizing and delivering change.

need for change

Good Artists Copy; Great Artists Steal

At the end of the day, there are many lessons that B2B brands can steal from the challenger world. Are you leading with a strong story that unequivocally answers the question, “Why do you do what you do?” More than meet a singular need, are you meeting the needs of today and tomorrow better than anyone else? Are you talking with lead adopters at the front of the innovation curve and making them evangelists for your brand?

Perhaps the most important lesson that B2B brands can glean is in how they hire. As Adam Morgan writes,

“Employees at challenger brands require different qualities. They need to be mission-driven. They need to know why they get out of bed and go to work every morning and they need to be passionate about the problems the company is trying to solve. Being a maverick is also of far greater importance at a challenger, the opposite of at a larger organization where dissent is considered a flaw. Employees need to ask the provocative questions and not just take risks themselves, but also to be tolerant of risks that others might take.”

To learn more about how your product-proven B2B brand can benefit from adopting a challenger mindset, contact Tracy Lloyd at [email protected].

To finish reading our three-part challenger series, check out: Part Three—Challenger Brands: Design that Disrupts

Emotive Brand is a brand strategy and design firm for product-proven B2B technology and AI companies.

B2B Tech and AI Brands Should Harness Emotion

Posted on by Tracy Lloyd

B2B brands deserve the same level of effort as their B2C counterparts

We were talking with someone the other week about the role of emotion in brand, and they said, “Sounds great for consumer brands, but I can’t see it working for a B2B brand.” Well, we begged to differ! Indeed, we believe B2B brands have tremendous opportunities to differentiate by building emotion into the foundation of the brand.

The strongest B2B brands give people something to understand and something to feel. The key is to define the company’s Conviction—what it fundamentally believes—and the Emotional Impact that conviction should create.

Why Emotion Matters in B2B Branding

Strong B2B branding is about digging deep into a company’s products and services and finding emotional connections to the needs, beliefs, interests, and aspirations of people. (Don’t stop reading; this is the good stuff most B2B marketers overlook.)

It is about aiming for a meaningful outcome from your commercial endeavors and recognizing that when you touch people in meaningful ways, they pay you back.

Your employees work with greater purpose and get more satisfaction from their work. Your customers become more loyal, spend more money with your firm, and recommend your brand to their peers. Your supply and distribution chains become more responsive to your needs.

Building emotion into a B2B brand isn’t about creating “emotional” advertising that gets people all misty-eyed about your widgets.

Rather, it is about conveying the meaning and evoking the emotions that draw people closer to you and set you further apart from your competition.

And when B2B brands deliver in these ways, it is one of the most powerful ways to differentiate, grow revenue, hire top talent, and more easily deliver customer success stories.

Here are five additional reasons why B2B brands should actively pursue emotive branding:

1.  Business audiences wake up as humans. From the CFO to the data scientist to the salesperson to the receptionist, everyone in your business wakes up as a living, breathing member of the human race; a race as driven by the way they feel about things as anything else. By marrying your rational message to distinct meaning and feelings, you connect to people on a human level (and, as you well know, people like to be treated that way).

2.  B2B brands desperately need ways to differentiate themselves. Widgets easily blur into other widgets. It is increasingly difficult to differentiate on a product, feature, or service level as competitors find it easy to quickly duplicate innovation. So, where can B2B brands effectively differentiate? We think it’s by connecting to people on a higher level through meaning and feelings. It’s not as difficult as you think.

3.  Engaging employees is vital for B2B brands. In many B2B scenarios, it is the company’s own employees who develop, produce, market, and sell their offerings. Creating a sense of common purpose, motivating people to work effectively, and encouraging them to promote a spirit of collaboration are important cornerstones for any B2B enterprise. Emotive branding provides these cornerstones by creating a sense of purpose and direction in a humanizing and welcome way.

4.  B2B brands enjoy many deep brand moments. B2B customer meetings, a visit to the executive briefing center, and trade shows are deep brand moments that give B2B brands wonderful opportunities to convey their brand in new and differentiated ways and evoke positive feelings. Emotive branding offers interesting tools that help B2B professionals reconfigure, reshape, refine, and enhance these brand moments in often surprisingly subtle yet powerfully meaningful ways.

5.  There’s proof in the pudding. All of us at Emotive Brand have B2B experience (as well as B2C). We work with product-proven B2B technology and AI companies approaching moments when how the market sees them matters most—from strategic transformation and category shifts to enterprise expansion, fundraising, acquisitions, and exits.

For B2B companies, differentiation isn’t only about what the product does. It’s also about what the company believes, why that matters, and whether the market can feel the difference.

Emotive Brand is a brand strategy and design firm for product-proven B2B technology and AI companies.

How to Launch a New Brand Category

Posted on by Tracy Lloyd

Launching A New Brand Category

The decision to join an existing category or to launch a new brand category is not an easy decision. Evaluating your product maturity, the product roadmap, and overall market maturity is critical. Once the decision is made, the strategy shifts to creating the right budget and plan to launch the new brand category. Building momentum is paramount to both the category’s success and, by proxy, your own brand’s position as the category leader.

As we’ve previously discussed, timing is critical for launch. You need to consider factors of competition, messaging, production, and market forces. And when the light is green, launching a new brand category with your brand as the de facto leader means getting buy-in, quickly. Building momentum for your new category, attracting important users and creating buzz necessitates its own strategy, one that has to be developed concurrently with defining and naming the new category.

Why New Brand Category Launches Fail

Just because you have a brilliant name doesn’t mean your category will be adopted. In fact, most fail. Lack of preparation, especially when it comes to budgeting, often results in categories that fizzle out. Businesses are often so focused on designing, manufacturing, and promoting their own product that they postpone the effort needed to market a newly developed category. And before they know it, it’s too late. The new category launch needs to lead your brand into the arena, not the other way around.

Common mistakes for launch include not creating enough context for the category, making claims about the category that fall short, failing to create enough distinction from competitive categories, missing the mark on customer education (people just don’t get it), or jumping the gun on timing. Creating a new brand category requires the same rigor as launching a new brand or new product.

Many of these failures have something in common: the company knows what it has created, but the market doesn’t yet see it the same way. That’s a version of what we call the Belief Gap—the distance between what you know to be true and what the market is prepared to recognize and believe. For a new category, closing that gap means giving people enough context, distinction, and repetition to understand why the category exists and where your company fits within it.

When developing your strategy for launching a new category, these five tactics are key. 

1. Be Consistent with Messaging
Just as you’ve developed and tested messaging around your brand, developing the messaging around your new brand category is equally important. Consistency is everything. In order to build traction, you’ll need competition, influencers, and customers to grab onto a clear and concise message. Everyone needs to be on the same page about what the category is, why it’s better than the alternative, and why it matters. It may be tempting to embellish the messaging with claims that make it sound remarkable, but don’t. You’ll need messaging that is repeatable, authentic, and true to your brand in order to be picked up by your audience. Test the category messaging, and assuming it’s working, stick to it.

2. Generate Competition
It may sound counterintuitive, but when you are creating a category, competition helps legitimize a market and increases the size of the pie. Your brand will actually benefit if others are spending their marketing dollars to help popularize the value of what you are doing. The key, however, is to be first to market (see #1: owning the messaging around the category)—and continue to find ways to elevate yourself above the crowd, while maintaining both a product and thought leadership position.

3. Tap Into Influential Early Adopters
The snowboard surpassed the snurfer as a category when Burton came onto the scene with a posse of well-known surfers and skaters who were early adopters of the new sport. They were not only the target audience for snowboarding. They had enough cultural clout to make snowboarding popular. When launching a new category, finding ambassadors with strong reputations will help raise awareness for and substantiate your category.

4. Popularize
Otherwise known as PR. Keep in mind that the category is the focus of the PR efforts, not your brand. Focus on cultivating buzz around the category in an authentic way. This requires some restraint on behalf of your brand. Drawing too much attention to your brand right out of the gate is a misstep. This is because people won’t yet have a way of talking about it. So create context first. Then, generate conversations around the category with a strong media presence (industry influencers, bloggers, press, and social media should all be activated). The buzz around your brand will follow.

5. Educate Customers
Host conferences and events—both in person and online—that use the category name. Educating customers about the category should be the central driver for marketing. Build your reputation without overselling yourself. Establishing industry user groups with digital meetups is a powerful way to spark conversations and create groundswell with a wide audience. With enough momentum, your brand’s leadership will be in position as a thought leader. And further embedding the category and subsequently your brand in customers’ minds.

The Rewards of a Strategic Category Launch

Identifying a new category and building it from scratch can serve as a powerful path to growth for your brand. And the effort involved pays off. Category creators experience fast growth and receive high valuations from investors. Category leadership is one of the clearest value-defining moments a company can create for itself—a point where the market’s understanding of who you are directly shapes how you’re valued. Creating a new category, your brand will be in a solid position to surpass the competition. Or break into a flooded market. On top of that, your brand will be positioned to own the category as the de facto leader. Category creation is nothing short of a game changer.

Emotive Brand is a brand strategy and design firm for product-proven B2B technology and AI companies.

The Role of B2B Messaging and How to Get it Right

Posted on by Tracy Lloyd

Disruptive and transformational technologies

Technology is advancing like never before. With disruptive technology advancements in AI, machine learning, IoT, analytics, and so much more, it’s becoming more and more difficult for businesses to keep pace. Industries are being transformed and the world we live in is changing before our eyes. So how can you develop more compelling and differentiated B2B messaging for marketing and sales teams?

As a brand strategy and design firm, we work with many tech and AI clients who are in the midst of this change – racing the clock to get to market before the competition. And while many have worked tirelessly to build the best technology in their realm, they struggle with how to position and message their product or solution to their target audiences.

Messaging for disruptive and transformational technology is hard

Disruptive technologies require a different approach to messaging and positioning. Discussing features and benefits isn’t enough. In order to be truly disruptive, these companies need to change the perception of what is possible. Their messaging needs to articulate why potential customers should believe in their solution and how the technology will enable a different future. As such, B2B messaging needs to:

  • Articulate that there is a problem with the status quo of today
  • Ignite a shift in perception around why customers should believe in a transformational way of thinking
  • Position the product or solution in a way that both rationally and emotionally articulates the value proposition directly to key target audiences
  • Clearly show audiences how your offering can transform their way of doing business

These are challenges we often see our clients face as they struggle to integrate brand-level messages centered on the “why” into the broader messaging story. Instead, they lead with the “what” and “how.” When things are so complicated and are so transformational in nature, the messaging needs to be holistic in nature and incorporate the entire story—a story centered around the customer, not the technology itself. This departure from product takes courage.

Our role involves helping our clients make the complex simple. We find a way to unpack the technology and what it enables customers to do, and put it in more human terms. We make it easy for people to understand how the technology will help their business be more successful. Even the most innovative technology in the world will never see the light of day if people don’t understand how or why to buy it.

The role of B2B messaging in tech and AI

To be successful today, tech and AI companies have a lot to achieve: selling product, influencing prospects, inspiring investors, building categories, building market share, and driving revenue. Marketing teams are on the hook to deliver meaningful and differentiated messaging platforms to help support sales and ensure the brand presents a unique offering. This means B2B brands need a strong narrative and compelling messaging in place to cut through the noise.

In our work with our clients, we’ve seen first-hand how the role of messaging can drive change. Because of this experience, it has become more important than ever to get it right. There is a growing need to differentiate complicated technology products into easy-to-see “value” in the form of solutions that meet target audience needs.

Seems easy? Not so much. Much of our work is alongside CEOs who come from strong engineering backgrounds. They feel immense pride in the products they have worked so hard to engineer and develop. And naturally, they want messaging to lead with product. They see features and benefits as the only way forward.

However, we know this isn’t the only way. My background is in selling technology. I know first-hand what sales teams need to be successful, and I see the role of messaging as critical to the sales organization’s success. I have sold technology on three continents and bring this sales-led approach to every client engagement by adding a unique understanding of technology, how to position it, and how to create a brand narrative and messaging—messaging that addresses the big idea of why the technology matters while demonstrating how it solves a customer’s business problems.

That’s why, at Emotive Brand, we believe strong B2B messaging is about hitting the sweet spot between brand, sales, and marketing in a way that excites, resonates, and activates buyers.

Getting it right

Getting messaging right is a real challenge. Most often, messaging is an output of a larger brand strategy. As such, it has to crystallize what you do, why you’re better, and what you can do that no one else can. It’s not easy to articulate these values to your target audiences in both rational and emotional ways that activate them to do something.

It’s old news that a lot of B2B messaging—especially within the tech and AI world—sounds the same. But there is a larger problem at hand—a problem we’ve seen happening for a while now. A lot of messaging used by B2B companies isn’t aligned with what the customers or the businesses they are trying to reach really value. What companies are missing is the articulation of something more than features and benefits: true opportunity, values, and meaning.

Supporting marketing and sales

We’ve talked again and again about the role brand strategy plays in supporting and driving business strategy. So when the time comes in the brand strategy process to develop messaging, it needs to align and support two major functions within a company: Marketing and Sales.

It’s about driving two workflows within a company. Marketing needs B2B messaging to build out a go-to-market strategy and create sales enablement programs. Sales needs messaging to know how to talk to customers, position the product or solution, and close deals. If the messaging isn’t strong enough, marketing teams struggle to fill the funnel and convert leads. Sales has a hard time responding to RFPs and closing deals. In short, it’s detrimental to both teams’ success.

Smart B2B messaging can drive marketing and sales forward, positioning you to better reach and connect with the businesses who matter to your success. To do so, make it:

1. Customer-centric
A shift needs to happen from product-centric to customer-centric. This means increased focus on articulating the valuable, unique opportunities you can offer your target audiences. In the B2C world, it’s easy to focus on consumers.

The mistake a lot of B2B companies are making today is thinking that the businesses they are trying to reach are only making rational business decisions. And while B2B does require a high level of rationale, it’s important to remember that there’s also a lot of emotions at stake for B2B buyers. Many businesses today feel that they have an important role to play. They are mindful of cost, aware of how things are going to play together, and passionate about finding the right solutions to fit their business.

2. Research-led
In our client work, the tightest and most meaningful messaging we’ve developed for clients has involved some level of research—both quantitative and qualitative.

There’s a lot of value in talking to people one-on-one. It gives our team the ability, as a third party, to gain direct access to customers, prospects, and even lost deals to understand the audience’s needs first-hand. This level of empathy enables B2B messaging that can truly connect with people—with their rational needs on the right emotional dimensions. That’s why getting to the heart of their motivations, pain points, and needs is critical and can be the difference between thriving and failing.

3. Top-down
Like many strategic elements, messaging has to start at the top. This means the leadership teams must be involved. Moving messaging beyond features and benefits is a process, and key leaders have to buy into a more customer-centric approach or it will never be fully embraced. 

Once top execs are on board, they can work to align the sales and marketing teams at the highest level. This reinforces the messaging systems you’ve built by ensuring that people are talking about your business in ways that align with it across people and platforms.

When leadership, sales, and marketing are aligned around the same messaging, the company is far more likely to present a coherent version of itself wherever it shows up. That coherence matters because messaging rarely stays contained within one team or channel. It moves through sales conversations, campaigns, presentations, product language, and countless other interactions. The more consistently those expressions reinforce the same underlying idea, the easier it is for the market to understand and recognize the company for what it actually is.

The sales force is then equipped to utilize the B2B messaging in powerful, dynamic ways. They become more willing to provide feedback to marketing about what is and isn’t working. The collaboration between these two groups makes both the messaging stronger and the impact of the brand stronger. Driving ROI and sales.

B2B messaging as a driver of business

Messaging can drive brand awareness, equity, and buying decisions by bringing your value proposition to life for your key audiences. With strong B2B messaging in place, your business can then develop a powerful corporate narrative that brings all aspects of the business, brand, and vision together.

In B2B, messaging can be a vital solution in humanizing your brand and business. It can make it easier for your sales and marketing team to connect with your future clients in important ways that will fuel your business forward. The transition from solely rational to a blend of both emotional and rational can be a challenge. When you take the lead and embrace the process of identifying what really matters to your audiences beyond just the functional elements of your product, sales will take off, marketing will start to pay off, and your business will be positioned to stand out and thrive.

Emotive Brand is a brand strategy and design firm for product-proven B2B technology and AI companies, based in San Francisco.