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IBM CMO Study - Milestone Marketing
1.
Key findings from
the Global Chief Marketing Officer Study RONALD VELTEN Director Marketing, Communications & Citizenship IBM Benelux
2.
2
© 2011 IBM Corporation
3.
4.
5.
Key findings from
the Global Chief Marketing Officer Study RONALD VELTEN Director Marketing, Communications & Citizenship IBM Benelux
6.
Overall Benelux CMOs
feel more prepared then their global peers, but admit to be seriously underprepared in three distinctive areas 71%+ 69% 69% Data Social Customer Explosion Media Alignment © 2011 IBM Corporation
7.
“With more communication
technologies, more channels, how do we stop SHOUTING and start a conversation with our customers?” CMO Telecommunications, Belgium 7 © 2011 IBM Corporation
8.
#@milestone_B2B
@ronaldvelten #IBMCMOStudy 8 © 2011 IBM Corporation
9.
The interviewed CMOs
discovered three key domains of improvement Deliver value to Capture value, empowered measure results customers Foster lasting connections 9 © 2011 IBM Corporation
10.
Delivering Value to Empowered
Customers © 2011 IBM Corporation
11.
11
© 2011 IBM Corporation
12.
Markets – not
individuals – still shape our marketing strategies Market research 82% Corporate strategy 81% 50% Competitive benchmarking 80% Customer analytics 74% Marketing team analysis 69% 7 other sources Consumer reviews 4% Third-party rankings 42% Retail and shopper analysis 41% Online communications 40% Professional journals 37% Key sources to Blogs 26% understand individuals 12 © 2011 IBM Corporation
13.
In Benelux we
seem to be more focused on understanding markets and campaigns rather than individuals to shape our strategies Market Research 84% Competitive Benchmarking 86% Campaign Analysis 79% Consumer Reviews 44% Blogs 35% 3rd Party Reviews 53% © 2011 IBM Corporation
14.
IBM Institute for
Business Value Benelux CMOs plan to increase social media and mobile utilization more, but plan to invest less in client listening technologies 87% 85% 56% Social Mobile Reputation Media Applications Management © 2011 IBM Corporation
15.
“The old business
model is not embracing the generation of screen agers. Our strategy is set, but agility & skills are lacking to keep execution in line with the pace of the market” CMO, Electronics, Netherlands 15 © 2011 IBM Corporation
16.
Foster Lasting Connections
© 2011 IBM Corporation
17.
“Customer Collaboration and
Influence are the top market factors CUSTOMER IS NOT KING, HE IS DICTATOR" CMO, Telecommunications, Belgium 17 © 2011 IBM Corporation
18.
Enhancing customer loyalty
is the top digital priority globally Enhance customer loyalty/advocacy 67% Deploy tablet/mobile apps 57% Use social media to engage customers 56% Use customer management software 56% Monitor the brand via social media 51% Measure ROI of digital technologies 47% Analyze online/offline transactions 45% Develop social media policies 37% Monetize social media 29% Increase supply chain visibility 24% 18 © 2011 IBM Corporation
19.
Benelux CMOs give
higher priority to social media, with focus on governance rather than ROI Enhance customer loyalty/advocacy 63% Deploy tablet/mobile apps 56% Use social media to engage customers 63% Use customer management software 46% Monitor the brand via social media 54% Measure ROI of digital technologies 37% Analyze online/offline transactions 51% Develop social media policies 54% Monetize social media 27% Increase supply chain visibility 19% 19 © 2011 IBM Corporation
20.
Benelux CMOs seem
to use customer data more than their global peers, but remain highly transactional focused Segmentation/targeting 81% Awareness/education 55% Interest/desire 44% Action/buy 64% Missed opportunity Use/enjoy 48% Bond/advocate 38% Transaction focused Relationship focused © 2011 IBM Corporation 20
21.
“Everybody is the
brand. Our internal employees need to transform to ambassadors” CMO, Retail Netherlands © 2011 IBM Corporation
22.
In Benelux the
corporate character is less understood and significant work on internal branding needs to be done BENELUX Is your corporate character understood in the marketplace? 29% say no or limited 44% say understood and understanding of (strong) contributor to corporate character brand success 29% 27% 31% 13% 0% Not understood Strong contributor to the brand’s success Is much more work needed to get employees on board? 55% 25% say significant or much say no or very work needed limited work needed 25% 30% 21% 18% 7% Significant work needed No work needed Source: Q10 Is your corporate character understood in the marketplace? n=55; Q11 How much work is needed to have employees embrace and live the corporate character? n=57 © 2011 IBM Corporation
23.
Capture Value, Measure
Results © 2011 IBM Corporation
24.
By 2015, ROI
will be the leading measure of success Marketing ROI 63% Customer experience 58% Conversion rate/new customers 48% Overall sales 45% Marketing-influenced sales 42% Revenue per customer 42% Social media metrics 38% 24 © 2011 IBM Corporation
25.
Benelux CMOs believe
Net Promoter Score will be the number one method for determining success by 2015 Marketing ROI 53% Customer experience 61% Conversion rate/new customers 51% Overall sales 40% Marketing-influenced sales 33% Revenue per customer 42% Social media metrics 30% Net Promoter Score 63% 25 © 2011 IBM Corporation
26.
To truly deliver
marketing ROI, CMOs need to have significant influence across all four Ps, not just promotion Promotion 80% Products 56% Place 44% Price 44% 26 © 2011 IBM Corporation
27.
Benelux CMOs indicate
more influence on all 4 Ps - customer insights should be disseminated throughout the organization Promotion 84% Products 66% Place 53% Price 51% 27 © 2011 IBM Corporation
28.
From Stretched to
Strengthened Getting Fit for the Future © 2011 IBM Corporation
29.
Moving from Stretched
to Strengthened Deliver value to empowered customers 29 © 2011 IBM Corporation
30.
Moving from Stretched
to Strengthened Deliver value to Foster lasting empowered customers connections © 2011 IBM Corporation
31.
Moving from Stretched
to Strengthened Deliver value to Foster lasting Capture value, empowered customers connections measure results 31 © 2011 IBM Corporation
32.
Moving from Stretched
to Strengthened Deliver value to Foster lasting Capture value, empowered customers connections measure results § Stimulate customer § Use analytics to improve relationships and offer tangible decision making and § Focus on customers as incentives accountability individuals § Engage throughout the § Increase technical and financial § Reveal preferences and trends customer lifecycle know-how hidden in data § Define a unique enterprise § Grow digital expertise with new § Secure customer data and identity partners update privacy policies § Engage the C-suite to solidify § Enhance personal financial, corporate character technical and digital savviness 32 © 2011 IBM Corporation
33.
Moving from Stretched
to Strengthened Deliver value to Foster lasting Capture value, empowered customers connections measure results § Stimulate customer § Use analytics to improve relationships and offer tangible decision making and § Focus on customers as incentives accountability individuals § Engage throughout the § Increase technical and financial § Reveal preferences and trends customer lifecycle know-how hidden in data § Define a unique enterprise § Grow digital expertise with new § Secure customer data and identity partners update privacy policies § Engage the C-suite to solidify § Enhance personal financial, corporate character technical and digital savviness 33 © 2011 IBM Corporation
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© 2011 IBM Corporation
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© 2011 IBM
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© 2011 IBM
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© 2011 IBM
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© 2011 IBM
Corporation