marketing to the c-suite - cmo club teleconf - 29 may 2009

26
Reaching the Top: Marketing to the C-Suite Mark Bonchek CMO Club Coach on Executive Engagement

Upload: mbonchek

Post on 10-Apr-2015

1.111 views

Category:

Documents


2 download

DESCRIPTION

Presentation to the CMO Club on May 29, 2009 on "Marketing to the C-Suite"

TRANSCRIPT

Page 1: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Reaching the Top:

Marketing to the C-Suite

Mark Bonchek

CMO Club Coach on

Executive Engagement

Page 2: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Successful marketing

to the C-suite is more

important than ever

Decisions once made

at a lower level have

elevated to the C-Suite

2

Page 3: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

But the air gets thin at the C-level

Executives are

• Busy

• Sophisticated

• Demanding3

Page 4: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Companies

often fail as they

climb higher in

the organization

• Can’t get there

• Nothing to say

• Don’t stay there

4

Page 5: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

But those who

reach the top

reap the rewards

• Brand equity

• Customer advocacy

• Bigger deal size

• Shorter sales cycle

• Share of wallet

5

Page 6: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

How can you successfully

reach the C-Suite?

1. Acclimate to higher altitude

2. Plan your route to the summit

3. Get the right gear

6

Page 7: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

1. Acclimate to Higher Altitude

Understand how

executives work

and think

7

Page 8: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

What distinguishes Climbers?

8

Page 9: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

What makes

Executives

stand apart?

9

Page 10: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Think

• See connections

others don't

• Sort the relevant

from the irrelevant

• Move from general to

specific and back

• Build mental models

10

Page 11: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Work • See a longer time horizon

• Build personal networks

• Communicate verbally

• Advance an agenda

11

Page 12: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Decide

• Mix analysis and intuition

• Draw on lessons learned

• Make inferences from limited

information

• Adapt to changing circumstances

12

Page 13: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

DO

• Help them

o Advance their agenda

o Refine their mental models

o Justify their intuition

o Grow their network

• Share lessons learned

• Focus on conversation

13

Page 14: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

DON’T

• Make them read

too much or listen

too long

• Be only detailed, or

only conceptual

• Have “The Answer”

• Gloss over the hard

parts

14

Page 15: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

2. Plan Your Route to the Summit

15

Page 16: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Vendors

Team

Peers

CFO

CEO

Elevating the Conversation

16

Page 17: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Vendors

Peers

CFO

CEO

Making it to the Top

Competitiveness

Profitability

Career

Performance

Customer Value

Most companies stop at

“base camp” – the direct

conversations they have

with buyers.

To go higher, enable the

conversations they want

to have with others.

Team

17

Page 18: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Vendors

Peers

CFO

CEO

Example: IBM and the CIO

End-to-End View

Business Value of IT

Leadership

More with Less

Global Enterprise

TeamBoard of Advisors

Mid-Market Advisory Network

CIO Leadership Exchange

Center for CIO Leadership

18

Page 19: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

3. Equip yourself with the

right tools

19

Page 20: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

The Standard Toolkit

20

Page 21: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Leading Edge

Councils

Advice > Satisfaction

Content

Stories > Testimonials

Events

Conversation > Presentation

Communities

Profession > Products21

Page 22: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Where do your strengths

intersect their interests?

What you know. Who you know.What you value.

22

Page 23: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Climbing is, above all,

a matter of integrity

Gaston Rébuffat

23

Page 24: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

How Can You Leverage Existing

Executive Relationships?

• As Consultants

– On your Advisory Councils

• As Thought Leaders

– In your Content

– At your Events

24

Page 25: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

A Thought Experiment

If you were a …

• Consulting Firm What would you advise?

• Conference Organizer Who would you convene?

• Media Company What would you publish?

• Business SchoolWhat would you teach?

25

Page 26: Marketing to the C-Suite - CMO Club Teleconf - 29 May 2009

Connections

Mark S. Bonchek, Ph.D.Chief Strategist, Soundbridge Group

& Founder, Truman Company

[email protected]

Twitter: mbonchek

978-405-1710

“Marketing to the C-Suite” Breakfast Salon on June 11 in Boston, MA

www.EngagingExecutives.com

www.TrumanCompany.com

26