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How To Guide - The Modern Marketing Organization
 

How To Guide - The Modern Marketing Organization

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The marketing profession has been turned upside down in the past ten years. Now more than ever marketing leaders need to prove value, implement and manage complex technology, and adapt to change in a ...

The marketing profession has been turned upside down in the past ten years. Now more than ever marketing leaders need to prove value, implement and manage complex technology, and adapt to change in a world where buyers control more of the sales process than ever before. Marketing is more customer-centric and more content driven than ever before and that is reflected in the way that companies are organizing their marketing departments.

This How-To Guide has been designed to help you and your company design, staff and resource The Modern Marketing Organization.

To obtain this document, visit us at http://www.demandmetric.com/register

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    How To Guide - The Modern Marketing Organization How To Guide - The Modern Marketing Organization Document Transcript

    • How-To Guide The Modern Marketing Organization: Poised for Growth, Designed for Alignment By Clare Price, Research Director October 2013 EXECUTIVE SUMMARY The marketing profession has been turned upside down in the past ten years. Now more than ever marketing leaders need to prove value, implement and manage complex technology, and adapt to change in a world where buyers control more of the sales process than ever before. Marketing is more customer-centric and more content driven than ever before and that is reflected in the way that companies are organizing their marketing departments. This How-To Guide has been designed to help you and your company design, staff and resource The Modern Marketing Organization. DEFINITION OF A MODERN MARKETING ORGANIZATION Demand Metric defines the Modern Marketing Organization (MMO) as driving the revenue of the company through the acquisition, engagement and the development and maintenance of long-term, cost effective relationships with customers. © 2013 Demand Metric Research Corporation. All Rights Reserved.
    • How-To Guide In brief, the MMO has responsibility for sustained revenue generation, sales enablement, and authority over all of the processes, technologies, tools and talent that support the “customer universe.” THE EVOLUTION OF THE MMO We see three major changes in the modern marketing organization. The first big change has been in marketing’s view of the customer. Where previously broadcast to large populations was a key success metric of marketing, today the focus is on very well defined, specific content delivered to micro targets and personalized content delivered to individuals. The second big change is marketing’s direct control over more of the sales process and with it the customer journey. Where previously, marketing provided general education and sales tools with an emphasis on advertising to fill the very top of the pipeline, today marketing’s role extends down the sales funnel through early stage prospect qualification and lead nurturing. More and more marketing is taking responsibility for delivering close-ready prospects to sales rather than throwing buckets of leads over the wall. Newer roles such as VP Demand Generation, VP Customer Success and VP Sales Enablement now exist along with the more traditional roles of Chief Brand Officer, VP Strategic Communications and VP Product Development. This suggests a new, stronger connection between marketing and revenue generation. Functions focused on the Customer Experience and the Voice of the Customer have emerged with higher level director and VP authority. The third big change is responsibility for revenue generation. Where once this was owned exclusively by sales, marketing is now often measured by revenue goals and marketing spend is set by marketing’s ability to meet this hard dollar goals. The emerging role of Chief Revenue Officer is a testament to this change. © 2013 Demand Metric Research Corporation. All Rights Reserved.
    • How-To Guide THE SHAPE OF THE MMO The chart below illustrates the shape of the modern marketing organization. While few mid-sized companies and even many large ones will not have individuals in these roles, we see these as key functions that every modern marketing organization needs to consider and be prepared to address through process and practice, if not be actual headcount. ROLES & RESPONSIBILITIES Here we focus on the 12 functional roles that are new, emerging or most changed as part of the evolution to Modern Marketing Organization. As stated above, your organization may not have staff assigned to this role, but may instead address the function through process, objective or initiative.  VP Demand Generation – The VP of Demand Generation is responsible for generation strategy and implementation that maximizes revenue and profitability across customer segments and channels. Key focus areas include: Defining the demand generation strategy and implementation of a measurable, repeatable, automated process for lead nurturing and qualification. Developing, executing and tracking marketing campaigns by setting objectives, © 2013 Demand Metric Research Corporation. All Rights Reserved.
    • How-To Guide tactics and budget to meet the MQL (marketing qualified lead) and pipeline goals. This position determines and implements the best mix of marketing programs to target existing and new prospects in key segments, and works closely with Sales to ensure alignment of goals and KPIs.  VP Strategic Communications – The VP of Strategic Communications has the responsibility for brand development, and building brand equity by executing the brand value across multimedia demand creation campaign tactics. This role works with product marketing to ensure a consistent top-to-bottom “go to market” strategy, and works with sales to both provide resources and elicit brand and reputation feedback from the front line. The position provides independent, proactive counsel and leadership on message development and communication planning for external and internal audiences. This position also develops relationships with primary customers to understand their business needs, and to offer ongoing project management of the customer experience.  VP Product Marketing – The VP of Product Marketing has the responsibility for positioning, marketing and evangelizing company products, solutions and technology and for driving adoption of these with customers and strategic partners. This position is also responsible for on-going user research, competitive analysis and market positioning assessments to establish the market position of company products and services. This person will develop and execute go-to-market strategies for bringing new features and functionality to market. This role includes defining target segments, product positioning, messaging, pricing and managing the schedule for a successful product launch.  VP Customer Success – The VP of Customer Success has the responsibility for account management, customer engagement/advocacy and customer experience delivery and execution. The VP of Customer Success is responsible for engaging with customers, facilitating product adoption, and ultimately driving account retention and revenue expansion. This person will bring the customer perspective to the executive team and work closely with leaders across Product, Marketing, and Sales to develop and execute the organization’s customer retention strategy. Acting as a customer advocate, this position serves as a liaison between © 2013 Demand Metric Research Corporation. All Rights Reserved.
    • How-To Guide customers and internal teams such as Professional Services, Technical Support and Product Development).  VP Sales Enablement – The VP of Sales Enablement has the overall responsibility for market operations processes, lead generation activities driven through marketing and marketing automation/CRM tools and technologies. This VP works most closely with Demand Generation and Customer Success functions as well as product marketing and sales to insure skills, knowledge and sales readiness of sales organization.  Marketing Operations Manager – Reporting to the Director of Sales Enablement, the Marketing Operations Manager focuses on developing, managing and executing operational processes and tasks in support of lead generation programs. This person has tactical responsibilities for various marketing projects and is expected to facilitate and build working relationships with internal support organizations, including IT, Data Analysis, Marketing and Web Services.  Content Marketing Manager – Reporting to the VP Demand Generation, the Content Marketing Manager is responsible for marketing content initiatives, both internal and external, across multiple platforms and formats to drive sales, engagement, retention, leads and positive customer behavior. This person will be responsible for all things related to content and channel optimization, brand consistency, segmentation and localization, analytics and meaningful measurement. The position collaborates with the client engagement, sales, marketing and delivery to help define both the brand story and the customer journey as interpreted by the customer.  Media/Community Manager - Reporting to the VP Strategic Communications, the Media/Community Manager is responsible for creating and growing social communities across various social media sites and the blogger community. This person will also maintain assigned social media and Internet communities and blogs to generate interaction, brand exposure, and user acquisition. The position focuses on engaging with current users while helping educate and promote the company brand and awareness to new users. © 2013 Demand Metric Research Corporation. All Rights Reserved.
    • How-To Guide  Customer Success Manager – Reporting to the VP Customer Success, the Customer Success Manager is responsible for ensuring customer adoption of company solutions. The position guides the customer through stakeholder management, establishing a trusted advisor role, successful deployment and provides ongoing support and training to ensure that every customer is a success story.  Demand Generation Program Manager – Reporting to the VP Demand Generation, the Demand Generation Program Manager is responsible for developing demand creation strategy, customer targets, tactics and metrics to measure success. The Demand Generation Program Manager will develop strategies for inbound and outbound campaigns (e.g., webinars, SEM, social, paid search, content syndication, blog, display, web and email) to generate demand and increase qualified opportunities. This person drives the creation of emails and content campaign assets – from content creation to development with the design, content and product marketing teams; leverages marketing automation systems to support campaign, and manages the effectiveness each campaign by measuring and improving ROI.  Lead Qualification Specialist – Reporting to the Director of Sales Enablement, the Lead Qualification Specialist is responsible for driving market share and qualifying leads that build the pipeline for the sales organization. The Lead Qualification Specialist will follow up on web inquiries, pre-qualify leads, and develop leads to the point of handoff for sales. In addition to inbound inquiries, the Lead Qualification Specialist performs a prospecting and sales development function to build a pipeline within targeted accounts designated by management. The Lead Qualification Specialist should provide a superior customer/prospect experience that will set the stage for future product sales for the sales organization.  Marketing Analyst – Reporting to the Director of Marketing, the Marketing Analyst is responsible for providing information and insights regarding customers, markets, competitors, and campaign effectiveness, to measure performance and support business decisions. The ideal candidate will have experience planning and managing various research projects, and be able to work closely with senior management to interpret findings. © 2013 Demand Metric Research Corporation. All Rights Reserved.
    • How-To Guide ACTION PLAN Download and use the following Demand Metric resources to facilitate the organizational development of your Modern Marketing Organization:  Use our Getting Started with Agile Marketing How-To Guide to help you plan your Agile Marketing Strategy.  Review our Modern Marketing Department Template to help you understand what a world class marketing organization looks like.  Use our Organizational Chart Template help you build a map of your company's organizational reporting relationships.  Use our Department Goals Template help you build a map of your company's organizational reporting relationships.  Use the Responsibility Assignment Matrix to clarify roles and responsibilities in cross-functional/departmental projects and processes. BOTTOM LINE Marketing has changed. Now more than ever marketing leaders need to prove value, implement and manage complex technology, and adapt to the needs of new buyers. These changes require a new approach to marketing that focused on revenue growth and alignment between marketing and sales. The development of a Modern Marketing Organization can lead the charge into a customer-centric universe. ABOUT THE RESEARCH ANALYST . Clare Price is a Research Director who covers marketing strategy, strategic communications, sales enablement and marketing technology. Clare is a former Research Director at Gartner Group and helped build their Internet Strategies Services with clients such as Microsoft, IBM, HP, Cisco, Proctor & Gamble and Wells Fargo. Her specialties include: brand strategy, brand development, customer acquisition and relationship development, content and digital marketing strategy and social media marketing. © 2013 Demand Metric Research Corporation. All Rights Reserved.