• Study Shows a Connection Between Marketing Automation and Marketing Effectiveness

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    Ever since marketing automation was introduced as a classification of software, it’s been sold as a way to increase the overall effectiveness of marketing operations. Features for automating workflows, tracking prospect behavior and qualifying leads help take a lot of the manual labor and guesswork out of marketing to help departments run more efficiently.

    While many accept that marketing automation helps marketing campaigns run more efficiently, there hasn’t been much research on whether this efficiency results in improved effectiveness. After all, the ability to manage more prospects and score leads faster isn’t the same thing as doing a better job of managing those prospects.

    Recently, a joint study by the Pedowitz Group and Lenskold Group recently set out to test the claim that marketing automation improves marketing effectiveness in the B2B arena. The study surveyed more than 350 marketing organizations involved in B2B lead generation and found marketing automation (combined with ROI metrics) helped make marketing operations more efficient and effective. Not only are departments that use ROI metrics in combination with marketing automation more effective, the top performing organizations actually outgrew their competitors.

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  • Jesse Noyes

    Two Big Problems Between Sales & Marketing – And How to Solve Them

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    We’re all familiar with the divide between sales and marketing. The two teams should be working together, but often they feel like they’re on separate islands.

    This exact situation was the topic of conversation yesterday at Dreamforce ’12 during a discussion among Splunk’s CMO Steve Sommer, Senior Vice President of Sales Tom Schodorf, Eloqua’s President, Alex Shootman, and CMO Heidi Melin.

    The group discussed two of the most common, recurring scenarios that plague sales and marketing, resulting in frustration and even dissension. But they also discussed practical ways to solve the problem, leading to a happy state of sales and marketing alignment. Here’s a summary of what the group came up with.

    Problem 1: The Lead Quality Problem

    This one is marketers are all too familiar with – the dreaded “the leads suck!” situation. It manifests in several ways. Sales may have too few leads or too many. Marketing complains that sales isn’t following up quickly enough. Sales reps are struggling to make their quota, and thus relying less on marketing.

    What You Can Do

    Splunk’s head of sales and marketing cited several steps both teams can take to overcome lead quality issues.

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  • Jill Konrath

    [Video] For Faster Decisions, Be a Decision Guide

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    Are you involved in a complex sale with multiple decision makers? If so, they probably don't make decisions too often with regards to what you sell. When you're dealing with today's crazy-busy prospects, the decision itself can be overwhelming.

    They may not have all the right people involved. They may not fully understand everything that has to be taken into consideration. They might not know how to differentiate from the competitors. They may not understand how to put together a business case to justify the decision. They may not include all the right info in an RFP.

    But you know all this stuff. That's why it's important for you to stop selling and focus on helping facilitate the decision process itself. Find out what's prevented them from solving the problem before. Or, you could share a road map that outlines the steps that people need to go through to make a decision -- and who needs to be involved. And, if you notice things that they're missing, have a frank conversation about it. Tell them know how your other customer dealt with the decision.

    Don't push your product or service. Instead, help. I mean it. This about helping your customers make the best possible decision for their business. If this is your intent, they'll feel it. When you're a decision guide, people trust you and will want to work with you. It's that simple.decision guide

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  • Bob Hayes, PhD

    Big Data Provides Big Insights for U.S. Hospitals

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    The U.S. government provides a variety of publicly available databases that include metrics on the performance of US hospitals, including patient experience (PX) database, health outcome database, process of care database and medical spending database. Applying Big Data principles on these disparate data sources, I integrated different metrics from their respective databases to better understand the quality of US hospitals and determine ways they can improve the patient experience and the overall healthcare delivery system. I spent the summer analyzing this data, and wrote many posts about it.

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  • Mark Gibson

    Inbound Leads - a Critical Success Factor in The Challenger Sale

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    The Challenger Sale Momentum

    The Challenger Selling concept is gaining in popularity based on the number of people joining the LinkedIn Group, the rank of The Challenger Sale book, (currently #2 in Amazon sales and marketing category) and the references to the book on the Internet.

    Last week we saw a spat between sales training profesionals in one of the LinkedIn groups, about the veracity of the Challenger model, caused no doubt by the mindshare "Challenger" is generating in the market at the expense of rival approaches.

    The Challenger behavior archetype identified in The Challenger Sale research stands out because Challengers produce better results than any other sales behavior type selling complex B2B products and services. Why? Because these individuals bring insight and informed opinion to influence the thinking of buyers and they exert a degree of control on the outcome of a complex B2B buying process.

    When do Challengers engage in the Buying Process? 

    I was asked this question yesterday by the SVP of a major information services company in conversation about the difficulty of selling a B2B product and services against strong competition in 2012. While I am not affiliated in any way with the CEB, I offered the following.

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  • Stan Phelps

    Cubes on Crack, Huddle Rooms and a Beer Test highlight Green Goldfish Project Top Ten #7

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    The Green Goldfish Project is an attempt to crowdsource 1,001 examples of marketing lagniappe for employees. Signature little extras that make a big difference. Companies that put “employees first” to build culture, increase retention and promote positive word of mouth. For every 50 examples collected there is a Top 10 list created.

    Without further adieu, here is the seventh list from the Project from Examples #301-#350 :


    10. Designing an office that inspires creativity @Schupp_Company

    #321 – Schupp Co.

    “We don’t create widgets,” says senior vice president Donna MacDonald. “What we create is great thinking.”

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  • James Crawford

    Content Strategy: When Less is More

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    When Mies Van Der Rohe embraced “less is more” as his guiding principle he spawned a school of architecture that espouses simplicity, refinement, and utility. There are those among us who believe the same idea holds true for content. Even in the comparatively humdrum world of business, we like to think of ourselves as artists dedicated to producing high quality work stripped to the essentials to deliver value in the simplest terms possible. This ideal contrasts sharply with what I term the baroque school — writers who pack blogs willy-nilly with content’s equivalent of flying buttresses, architraves and ceiling frescoes.

    Just such a post, by a HubSpot writer, crossed my screen this week. One of the larger inbound marketing firms, HubSpot is known for promoting its wares through a high volume content strategy best characterized as pure excess. This particular post, titled “7 Reasons Agile Marketers Are Better at Their Jobs Than You,” caught my eye, and I was drawn in to determine whether I was sufficiently agile in HubSpot’s view. Alas, I do not make the grade. Nonethless I’m convinced my way of doing things — with an emphasis on precision and simplicity — is hands down nimbler than HubSpot’s.

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  • Dr. Janice Presser

    Sales Performance Success: What’s It REALLY All About… and why?

    comments 2 comments  |  12883 reads

    The answer may lie in Teamability™ which measures how, and in what way, people will 'team' with each other.

    It’s been said that the only deal some salespeople are really good at closing is the one that gets them hired. High turnover rates in sales departments suggest this may be more common than anyone cares to admit!

    Clearly, Sales management knows what it wants from salespeople. They test for it, background-check for it, and they interview endlessly for it, yet hiring errors keep happening. So there must be something missing in the process. Something that can tell when, even though it looks, walks, and talks like a sales pro, it’s not going to SELL like one.

    There's a relevant point to the story that follows, so please bear with this 'true confession.'

    I'm a behavioral scientist by training. I know a great deal about interviewing. I used to do a lot of forensic work, where your impressions need to have a foundation that is strong enough to stand up in court. I'm actually pretty good at this. And I'm a mother. I have a daughter who's in her 30s now. She's mine—I mean I was there when she was born—and despite the ongoing 'interview' that is part of the mother-daughter relationship, I never really GOT what she was all about.

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  • Patrick Lefler

    The innovative genius of Cyrus McCormick

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    Cyrus McCormick

    Cyrus McCormick—best known for having invented the first mechanical reaper in 1833—was actually not the first. That honor went to Obed Hussey, who announced construction of his reaper a year before McCormick patented his in 1834. So while the argument can be made that McCormick didn’t actually invent the reaper, what’s clear is that McCormick invented the business of selling reapers to farmers from all over the world. Most people today see this business angle as even more innovative than the actual invention itself.

    According to Cyrus McCormick biographer Herbert Newton Casson, there were four keys to the success of McCormick’s growing business:

    First, he gave his customers a written guarantee with every machine and “warranted the performance of the machine in every respect.” He did this by charging the customer—typically, a farmer—$80 up front, with the balance due in six months on the condition that the reaper would cut one and a half acres an hour, that it would scatter less grain than existing methods, and that the raking off could be done from a raker’s seat. If the reaper failed to fulfill these promises, the customer could return it and have his down payment refunded. The idea of giving a free trial and returning the money to any dissatisfied customers was at the time a new and revolutionary policy.

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  • Stefan Lindegaard

    The Innovation Value in Using Social Media: Beiersdorf Interview

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    Beiersdorf, the global skin care giant behind such brands as Nivea, Eucerin, and La Prairie, already enjoyed a strong reputation for innovation when it launched a new approach to open innovation in January 2011.

    Called Pearlfinder, this communications platform is sure to further build the brand’s innovation capabilities and reputation by encouraging existing partners and also unknown companies, institutes, universities and individual researchers and inventors to exchange innovative ideas with the company’s R&D and Packaging Development departments.

    In this Q&A, two Beiersdorf executives, Andreas Clausen, R&D Group Manager, and Katharina Ropeter, R&D Head of Collaborations, talked about Pearlfinder.

    Lindegaard: In which ways do you use social media for innovation efforts?

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MarketPlace

Boost Customer Satisfaction & Loyalty at SCORE 2013

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Digital vs. Human Banking Experiences: Can This Be a Happy Marriage?

[June 6] It's time for banking leaders to rethink how to nurture and grow customer relationships in an increasingly digital world. Get the results of a new study that revealed the CX practices of top performing banks. Learn how digital Innovations can enable more personal service.

eMetrics Summit

[June 10-13, Chicago] If you are responsible for the results of your company’s website, social media, ecommerce, web intelligence, data strategy, audience research and/or measurement, then mark your calendar. Customerthink members save 15% off full conference passes with code CTKTO15.

Predictive Analytics World

[June 10-13, Chicago] PAW's program will feature over 40 sessions with case studies so you can witness how predictive analytics is applied at leading enterprises. Customerthink members save 15% off full conference passes with code CTKTO15.

Confirmit’s Community Conference ’13 – London and Las Vegas

[June 19-21, London; June 26-28, Las Vegas] Attending CCC ‘13 gives you an unrivaled opportunity to understand and address rapid industry changes and discover new techniques that can drive your business forward. Create a tailored agenda that explains how to overcome the challenges your business faces. Take advantage of excellent networking opportunities and face-to-face discussions with thought leaders.

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Customer Experience Certification

[Sept 24-26, London] If you’re developing a customer experience program or want to review your current approach, join other customer experience leaders for this intensive 2.5-day certification. Presented by Medallia, the global leader in customer experience management. Enter code ‘Cthink’ to save$300/£200.

Voice of Customer 2.0: Creating Change Your Customers and Employees Can Believe In

[Recorded April 25] Despite good intentions, in the majority of companies Voice of Customer programs contribute little to business success. Join us to learn the secrets to capitalize on Customer Experience feedback, so you can drive organization actions that will unlock profitable growth.

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