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Reader’s Choice Awards:
Top 10 B2B Marketing Stories


Special Edition | February 7, 2011
Jeanne Brown




   Download the full Special Edition of
ITSMA’s Top Ten Marketing Ideas of 2010.



10TOP10
Introduction

In 2010, we posted nearly 70
pieces of research, articles,
and commentaries on our
website. We thought they were
all gold, but some even went
platinum. Based on the
number of clickthroughs and
downloads, here are the ideas
that were the most popular
with our readers. (You can find
all the research in ITSMA’s
Online Library.) Enjoy!
                                                        Download the full Special Edition of
                                                     ITSMA’s Top Ten Marketing Ideas of 2010.

Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories   © 2011 ITSMA. All Rights Reserved. 2
1. Marketing’s transformation began in three areas.

We identified three major
                                                            This year’s shifting priorities set the stage for
requirements for marketing                                  transformation, rather than continued incremental change
transformation. Marketing must:                                                Rank
                                                             2010       2009       2008       2007

1. Create a formal process for                                  1
                                                                2
                                                                           1
                                                                           4
                                                                                      2
                                                                                      3
                                                                                                 3
                                                                                                 7
                                                                                                        Enabling the sales force
                                                                                                        Generating demand
   thought leadership development                               3          7          5          –      Developing new and more targeted thought leadership
                                                                                                        Changing your marketing structure to increase efficiencies and
                                                                                      –          –
   and dissemination.                                           4

                                                                5
                                                                           3

                                                                           2          1          1
                                                                                                        effectiveness
                                                                                                        Differentiating/repositioning the company, brand, or offerings

2. Develop an automated,                                        6          6         10         10
                                                                                                        Increasing focused marketing programs for vertical/industry
                                                                                                        markets
                                                                                                        Measuring marketing’s impact on the business
   integrated closed-loop lead                                  7
                                                                8
                                                                           9
                                                                          12
                                                                                     11
                                                                                     19
                                                                                                11
                                                                                                12      Globalizing marketing

   management process.                                          9         27         20         15      Reskilling or developing the marketing staff
                                                                                                        Improving or enhancing customer reference and referral
                                                               10         10          –          –
                                                                                                        programs
3. Build a fact-based decision                              Source: ITSMA, Budget Allocations and Trends: Key Metrics Survey, 2007, 2008, 2009, 2010

   culture supported by analytics.                          Data from ITSMA Key Metrics Survey | B021          2010 Budgets and Benchmarks             © 2010 ITSMA. All Rights Reserved. 14




 Read 2010: The Year of Marketing Transformation, ITSMA Featured Research: The Rise
  of Thought Leadership, How to Focus Thought Leadership on Customers’ Needs and
                      ITSMA Online Survey: Thought Leadership.
Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories                                                © 2011 ITSMA. All Rights Reserved. 3
2. Marketers must put the same rigor behind their services
development processes as they do for launching new
products.
Many companies are realizing that ad hoc services built in the field can be
costly and difficult to deploy on a larger scale. However, if they are further
developed or refined centrally, they can also represent a tremendous
opportunity. The benefits of creating a services development process include:
 Lowering the risk of failure.

 Reducing complexity.
                               Excerpt: New Service Product Development Decision Model
 Increasing flexibility.                               Inputs to the Model
                                                            Impetus for                        Capacity and        Process and
                                               Type of     New Services          Technology    Competency         Infrastructure
                                               Service     Development          Requirements   Requirements       Requirements

                                                                           Outputs from the Model
                                                Speed to       Services Definition       New Services Product          Success
                                                 Market        and Business Plan         Research and Testing          Measures
                                                                                                             Source: ITSMA, 2010




                             Read How to Create a Services Development Process.
Special Edition | February 7, 2011 | 10TOP10     Top 10 B2B Marketing Stories                  © 2011 ITSMA. All Rights Reserved. 4
3. Marketers must integrate social media into their overall
marketing mix.
Marketers must stop thinking of social media in isolation and start thinking of
them as additional channels in their overall marketing mix. One critical
component of an integrated strategy is developing a social media
participation strategy. There are three stages of social media participation:
                ITSMA’s Social Media Participation Model
                 Conversation                                     Community


                                                                                            Manage
                                                            Engage
                                Monitor                                               Create your own channels
                                                                                       for conversation and
                                                  Actively engage in conversation
                                                                                       community (e.g., blogs,
                                                   with customers and influencers
                     Identify target audience                                         online communities)
                                                   in existing forums
                     Identify influencers
                                                  Develop a social media
                     Listen to and track
                                                   participation policy
                      relevant conversations
                                                  Support SME participants

                          Passive                                                                Active
                Source: ITSMA, 2010


      Read Avoiding the Social Media Silo: How to Integrate Social Media into Your
   Marketing Strategy and How to Fit Social Media into your Overall Marketing Strategy
                                   and Make it Stick.
Special Edition | February 7, 2011 | 10TOP10        Top 10 B2B Marketing Stories                © 2011 ITSMA. All Rights Reserved. 5
4. Marketers need to properly segment their target
audience and do the research to truly understand it.
In ITSMA’s and RainToday.com’s lead generation benchmarking survey,
our research shows that the high performers are doing a better job at
segmenting and understanding their target markets. They are more
knowledgeable about whom they should be targeting and their target
markets’ industry and business issues compared to the other companies.
Well executed segmentation must be based on deep knowledge of the
target markets, specifically:   When marketing and selling your services, how important is market
 The composition of the        segmentation to your lead generation programs?
                                % of Respondents
  target markets.                           1 = Not at all important
                                                            2 = Somewhat unimportant
   The business and                             3 = Neither important nor unimportant
    company-specific issues                                    4 = Somewhat important

    of the target audiences.                                          5 = Very important

                                                Note: Mean rating is based on a 5-point scale, where 1=not at all important and 5=very important.
                                                Source: ITSMA and RainToday.com What’s Working in Lead Generation Survey, November 2010



    Read Lead Generation Benchmark Report: How the Best Firms Fill the Pipeline, 2010
      ITSMA and RainToday.com Lead Generation Survey and Segmentation: A Key to
                             Successful Lead Generation.
Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories                            © 2011 ITSMA. All Rights Reserved. 6
5. Marketers can use social media as glue for connecting
events.
Based on ITSMA’s research with                                   IBM Saves Money by Encouraging Participants to Record Their Experiences

B2B services marketers, we’re
seeing companies successfully using
social media to drive more
attendance and interaction at
company events. Social media can
become the glue that binds events
together, driving registration and
discussion prior to events and
enabling conference attendees to
continue the dialogue after or
between events.


     Read Avoiding the Social Media Silo: How to Integrate Social Media into Your
  Marketing Strategy, ITSMA Online Survey: Integrating Social Media into the Marketing
     Mix and the Business, and How to Fit Social Media into your Overall Marketing
                              Strategy and Make it Stick.
Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories                      © 2011 ITSMA. All Rights Reserved. 7
6. Cloud computing is changing what and how we market,
as well as the actual sale.
Cloud computing is not a new
disruptive technology, but                      What is cloud computing?
rather, it is a new disruptive
technology delivery model.                         Cloud computing is a model for enabling convenient, on-demand network
                                                 access to a shared pool of configurable computing resources (e.g., networks,
This means that services and                      servers, storage, applications, and services) that can be rapidly provisioned
                                                 and released with minimal management effort or service provider interaction.
solutions take center stage.                       This cloud model promotes availability and is composed of five essential
Because of this, marketers                            characteristics, three service models, and four deployment models.

have to change what they                                    Five                                          Three                                   Four
                                                  Essential Characteristics                           Service Models                        Deployment Models
market and how they market,                         On-demand self-service                  Software as a Service                        Private cloud
and companies will have to                          Broad network access                     (SaaS)                                       Community cloud
                                                    Resource pooling                        Platform as a Service                        Public cloud
look at how they sell.                              Rapid elasticity                         (PaaS)                                       Hybrid cloud
                                                    Measured Service                        Infrastructure as a Service
                                                                                              (IaaS)
    What we market.
    How we market.                             Source: NIST (National institute of Standards and Technology)
                                                ITSMA Web Briefing | E100510                How Cloud Computing will Change Marketing        © 2010 ITSMA. All Rights Reserved. 3




    Read How Cloud Computing will Change Marketing and Featured Research: Marketers
                            Need to Make Cloud a Priority.
Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories                                               © 2011 ITSMA. All Rights Reserved. 8
7. Marketers can use social media to improve intelligence
gathering.
Social media tools expand the                            Competipedia Offers Specific Deal Guidance—
possibilities of competitive                             Not Just Information
intelligence by driving collaboration.
Xerox Global Services used social
media tools and principles to create
Competipedia, a wiki-based tool
where salespeople can go to find
and share competitive intelligence.
But Competipedia doesn’t just
gather and spit out information—it
interprets it. By entering a few key
bits of information into the tool,
salespeople receive dynamic sales
guidance to help them win specific
deals.


  Read How Xerox Global Services Used Social Media to Enable Sales and Xerox Global
        Services’ Competipedia: Using Social Media to Enable the Sales Force.
Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories      © 2011 ITSMA. All Rights Reserved. 9
8. Marketing should use targeted issues, not offerings, to
converse with their audiences.
Customers and influencers are not                                                   Develop a persona of your target
interested in product and service                                                    audience and discover what it wants.
pitches—especially in the conversational                                            Audit existing sources of information to
realm of social media. That’s why Kronos                                             find an area of differentiation.
started a blog, Workforce Institute, which
                                                                                    Create an advisory board to establish
focuses on business issues in Kronos’
                                                                                     credibility and generate ideas.
core market, workforce management,
rather than on Kronos’ offerings. To help                                           Monitor the internet for topical issues
ensure success, marketers need to take                                               relevant to your target audience and
a number of other steps including:                                                   create posts that speak to them
     The Workforce Institute Focuses on Issues Rather Than Offerings
                                                                                     directly.
                                                                                    Create a layer of separation between
                                                                                     the company and the blog to establish
                                                                                     credibility.
                                                                                    Develop an internal engine for ideas
                                                                                     and content

  Read How to Use Blogging to Reach an Executive-Level Audience and the Case Study.

Special Edition | February 7, 2011 | 10TOP10                       Top 10 B2B Marketing Stories        © 2011 ITSMA. All Rights Reserved. 10
9. Online communities are changing the conversation.

When online communities were outlets for techies and users to build a better
mousetrap, business leaders and marketers yawned. But CSC showed that
communities—when linked to events and process development—could attract
a C-Level audience and should be part of the marketing strategy. Additionally,
ITSMA’s How Customers Choose Solution Providers shows that B2B buyers’
most valuable sources of information are their peers.
When building its online community, IT                              WikonnecT Lets Participants Choose the Ways That They Want
                                                                    to Connect with Each Other
services and consulting giant CSC had a
tremendous advantage to draw on. Since
the ’70s, CSC has built the software
platforms that run more than 1,200 financial
services companies around the world. It
used the relationships it had built over
time offline and transferred them online, to
an online community called WikonnecT.


                    Read How CSC Built the Holy Grail of B2B Social Media and
                 CSC’s WikonnecT: How to Build a Thriving Social Media Community.
Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories                      © 2011 ITSMA. All Rights Reserved. 11
10. B2B services marketers need more specific training.

For many years, B2B marketing was seen as the poor relation to B2C. No B2B
marketer needs to be convinced of the intricacies of developing meaningful and
lasting relationships with customers, especially when buying decisions are so
dispersed and achingly long.
But the wider marketing world
 has not always understood this.
As our profession has matured,
the need and desire for agreed
standards and approaches have
increased. But while there are many generic marketing certifications, almost all are
focused on B2C. And when B2B is included, it’s usually from a product rather than a
services perspective.
It was this lack of formal standards that stoked up discussion among ITSMA’s
European Advisory Board members last year and led to the development of the joint
ITSMA/Chartered Institute of Marketing (CIM) Professional Diploma in Marketing for
Business Services and Solutions. Our first group of students began their studies
last fall!
                       Read Finally, Global Certification for B2B Services Marketing.
Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories   © 2011 ITSMA. All Rights Reserved. 12
About ITSMA
     As a membership
       organization,
  ITSMA brings together
    the world’s leading
      technology and
   professional services
   firms to advance the
     state of the art in
   marketing and selling
  services and solutions.


Special Edition | February 7, 2011 | 10TOP10   Top 10 B2B Marketing Stories   © 2011 ITSMA. All Rights Reserved. 13
For More Information
                                        Jeanne Brown
                                        Senior Manager
                                        Member Communications & Community
                                        ITSMA
                                        jbrown@itsma.com
                                        +1-781-862-8500, Ext. 118

               Online Library                                        Follow us…




Special Edition | February 7, 2011 | 10TOP10     Top 10 B2B Marketing Stories     © 2011 ITSMA. All Rights Reserved. 14

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ITSMA Marketing Strategist Top 10 B2B Marketing Stories

  • 1. Reader’s Choice Awards: Top 10 B2B Marketing Stories Special Edition | February 7, 2011 Jeanne Brown Download the full Special Edition of ITSMA’s Top Ten Marketing Ideas of 2010. 10TOP10
  • 2. Introduction In 2010, we posted nearly 70 pieces of research, articles, and commentaries on our website. We thought they were all gold, but some even went platinum. Based on the number of clickthroughs and downloads, here are the ideas that were the most popular with our readers. (You can find all the research in ITSMA’s Online Library.) Enjoy! Download the full Special Edition of ITSMA’s Top Ten Marketing Ideas of 2010. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 2
  • 3. 1. Marketing’s transformation began in three areas. We identified three major This year’s shifting priorities set the stage for requirements for marketing transformation, rather than continued incremental change transformation. Marketing must: Rank 2010 2009 2008 2007 1. Create a formal process for 1 2 1 4 2 3 3 7 Enabling the sales force Generating demand thought leadership development 3 7 5 – Developing new and more targeted thought leadership Changing your marketing structure to increase efficiencies and – – and dissemination. 4 5 3 2 1 1 effectiveness Differentiating/repositioning the company, brand, or offerings 2. Develop an automated, 6 6 10 10 Increasing focused marketing programs for vertical/industry markets Measuring marketing’s impact on the business integrated closed-loop lead 7 8 9 12 11 19 11 12 Globalizing marketing management process. 9 27 20 15 Reskilling or developing the marketing staff Improving or enhancing customer reference and referral 10 10 – – programs 3. Build a fact-based decision Source: ITSMA, Budget Allocations and Trends: Key Metrics Survey, 2007, 2008, 2009, 2010 culture supported by analytics. Data from ITSMA Key Metrics Survey | B021 2010 Budgets and Benchmarks © 2010 ITSMA. All Rights Reserved. 14 Read 2010: The Year of Marketing Transformation, ITSMA Featured Research: The Rise of Thought Leadership, How to Focus Thought Leadership on Customers’ Needs and ITSMA Online Survey: Thought Leadership. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 3
  • 4. 2. Marketers must put the same rigor behind their services development processes as they do for launching new products. Many companies are realizing that ad hoc services built in the field can be costly and difficult to deploy on a larger scale. However, if they are further developed or refined centrally, they can also represent a tremendous opportunity. The benefits of creating a services development process include:  Lowering the risk of failure.  Reducing complexity. Excerpt: New Service Product Development Decision Model  Increasing flexibility. Inputs to the Model Impetus for Capacity and Process and Type of New Services Technology Competency Infrastructure Service Development Requirements Requirements Requirements Outputs from the Model Speed to Services Definition New Services Product Success Market and Business Plan Research and Testing Measures Source: ITSMA, 2010 Read How to Create a Services Development Process. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 4
  • 5. 3. Marketers must integrate social media into their overall marketing mix. Marketers must stop thinking of social media in isolation and start thinking of them as additional channels in their overall marketing mix. One critical component of an integrated strategy is developing a social media participation strategy. There are three stages of social media participation: ITSMA’s Social Media Participation Model Conversation Community Manage Engage Monitor  Create your own channels for conversation and  Actively engage in conversation community (e.g., blogs, with customers and influencers  Identify target audience online communities) in existing forums  Identify influencers  Develop a social media  Listen to and track participation policy relevant conversations  Support SME participants Passive Active Source: ITSMA, 2010 Read Avoiding the Social Media Silo: How to Integrate Social Media into Your Marketing Strategy and How to Fit Social Media into your Overall Marketing Strategy and Make it Stick. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 5
  • 6. 4. Marketers need to properly segment their target audience and do the research to truly understand it. In ITSMA’s and RainToday.com’s lead generation benchmarking survey, our research shows that the high performers are doing a better job at segmenting and understanding their target markets. They are more knowledgeable about whom they should be targeting and their target markets’ industry and business issues compared to the other companies. Well executed segmentation must be based on deep knowledge of the target markets, specifically: When marketing and selling your services, how important is market  The composition of the segmentation to your lead generation programs? % of Respondents target markets. 1 = Not at all important 2 = Somewhat unimportant  The business and 3 = Neither important nor unimportant company-specific issues 4 = Somewhat important of the target audiences. 5 = Very important Note: Mean rating is based on a 5-point scale, where 1=not at all important and 5=very important. Source: ITSMA and RainToday.com What’s Working in Lead Generation Survey, November 2010 Read Lead Generation Benchmark Report: How the Best Firms Fill the Pipeline, 2010 ITSMA and RainToday.com Lead Generation Survey and Segmentation: A Key to Successful Lead Generation. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 6
  • 7. 5. Marketers can use social media as glue for connecting events. Based on ITSMA’s research with IBM Saves Money by Encouraging Participants to Record Their Experiences B2B services marketers, we’re seeing companies successfully using social media to drive more attendance and interaction at company events. Social media can become the glue that binds events together, driving registration and discussion prior to events and enabling conference attendees to continue the dialogue after or between events. Read Avoiding the Social Media Silo: How to Integrate Social Media into Your Marketing Strategy, ITSMA Online Survey: Integrating Social Media into the Marketing Mix and the Business, and How to Fit Social Media into your Overall Marketing Strategy and Make it Stick. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 7
  • 8. 6. Cloud computing is changing what and how we market, as well as the actual sale. Cloud computing is not a new disruptive technology, but What is cloud computing? rather, it is a new disruptive technology delivery model. Cloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, This means that services and servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. solutions take center stage. This cloud model promotes availability and is composed of five essential Because of this, marketers characteristics, three service models, and four deployment models. have to change what they Five Three Four Essential Characteristics Service Models Deployment Models market and how they market,  On-demand self-service  Software as a Service  Private cloud and companies will have to  Broad network access (SaaS)  Community cloud  Resource pooling  Platform as a Service  Public cloud look at how they sell.  Rapid elasticity (PaaS)  Hybrid cloud  Measured Service  Infrastructure as a Service (IaaS)  What we market.  How we market. Source: NIST (National institute of Standards and Technology) ITSMA Web Briefing | E100510 How Cloud Computing will Change Marketing © 2010 ITSMA. All Rights Reserved. 3 Read How Cloud Computing will Change Marketing and Featured Research: Marketers Need to Make Cloud a Priority. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 8
  • 9. 7. Marketers can use social media to improve intelligence gathering. Social media tools expand the Competipedia Offers Specific Deal Guidance— possibilities of competitive Not Just Information intelligence by driving collaboration. Xerox Global Services used social media tools and principles to create Competipedia, a wiki-based tool where salespeople can go to find and share competitive intelligence. But Competipedia doesn’t just gather and spit out information—it interprets it. By entering a few key bits of information into the tool, salespeople receive dynamic sales guidance to help them win specific deals. Read How Xerox Global Services Used Social Media to Enable Sales and Xerox Global Services’ Competipedia: Using Social Media to Enable the Sales Force. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 9
  • 10. 8. Marketing should use targeted issues, not offerings, to converse with their audiences. Customers and influencers are not  Develop a persona of your target interested in product and service audience and discover what it wants. pitches—especially in the conversational  Audit existing sources of information to realm of social media. That’s why Kronos find an area of differentiation. started a blog, Workforce Institute, which  Create an advisory board to establish focuses on business issues in Kronos’ credibility and generate ideas. core market, workforce management, rather than on Kronos’ offerings. To help  Monitor the internet for topical issues ensure success, marketers need to take relevant to your target audience and a number of other steps including: create posts that speak to them The Workforce Institute Focuses on Issues Rather Than Offerings directly.  Create a layer of separation between the company and the blog to establish credibility.  Develop an internal engine for ideas and content Read How to Use Blogging to Reach an Executive-Level Audience and the Case Study. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 10
  • 11. 9. Online communities are changing the conversation. When online communities were outlets for techies and users to build a better mousetrap, business leaders and marketers yawned. But CSC showed that communities—when linked to events and process development—could attract a C-Level audience and should be part of the marketing strategy. Additionally, ITSMA’s How Customers Choose Solution Providers shows that B2B buyers’ most valuable sources of information are their peers. When building its online community, IT WikonnecT Lets Participants Choose the Ways That They Want to Connect with Each Other services and consulting giant CSC had a tremendous advantage to draw on. Since the ’70s, CSC has built the software platforms that run more than 1,200 financial services companies around the world. It used the relationships it had built over time offline and transferred them online, to an online community called WikonnecT. Read How CSC Built the Holy Grail of B2B Social Media and CSC’s WikonnecT: How to Build a Thriving Social Media Community. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 11
  • 12. 10. B2B services marketers need more specific training. For many years, B2B marketing was seen as the poor relation to B2C. No B2B marketer needs to be convinced of the intricacies of developing meaningful and lasting relationships with customers, especially when buying decisions are so dispersed and achingly long. But the wider marketing world has not always understood this. As our profession has matured, the need and desire for agreed standards and approaches have increased. But while there are many generic marketing certifications, almost all are focused on B2C. And when B2B is included, it’s usually from a product rather than a services perspective. It was this lack of formal standards that stoked up discussion among ITSMA’s European Advisory Board members last year and led to the development of the joint ITSMA/Chartered Institute of Marketing (CIM) Professional Diploma in Marketing for Business Services and Solutions. Our first group of students began their studies last fall! Read Finally, Global Certification for B2B Services Marketing. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 12
  • 13. About ITSMA As a membership organization, ITSMA brings together the world’s leading technology and professional services firms to advance the state of the art in marketing and selling services and solutions. Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 13
  • 14. For More Information Jeanne Brown Senior Manager Member Communications & Community ITSMA jbrown@itsma.com +1-781-862-8500, Ext. 118 Online Library Follow us… Special Edition | February 7, 2011 | 10TOP10 Top 10 B2B Marketing Stories © 2011 ITSMA. All Rights Reserved. 14