Transcript
WEBVTT
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Yeah.
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Hi everyone, welcome back to be to be
growth. My name is Olivia Hurley and
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today I'm joined by Gizmos Bay, the
Global Marketing Director. Integrated
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Marketing at Abbott is um how are you
doing? I'm great thanks Olivia. Thanks
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for having me. Of course. Well I'm
super excited to talk to you just
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starting out here from your perspective.
I'd love to know what are the
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differences between and similarities
between B two B which we talk about
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here on this podcast and B to C.
Marketing. Yeah. Great, great question.
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I don't think we have a lot of people
who have experienced in in both
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business models. I did have the
opportunity to, I spent the first um I
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guess half of my career PNG and B to C.
And then the last six years at Abbott
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has been more focused on B. T. V. So I
am a big believer that there are more
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similarities than differences. Of
course there's nuances in terms of you
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know, the decision makers, the sale
cycle in kind of the complexity of the
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business model. But when it comes to
principles of good marketing, I think
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there are more similarities than
differences, there should be more
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similarities than differences. If we
kind of shift the focus from, you know,
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a shiny tool is chinese channel chinese
object to actually what really matters
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at the end of today for your target
audience and make sure we're doing
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things right from a strategy
perspective, I think there are a lot of
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commonalities actually between B two B
and B to C. Marketing. Oh that's that's
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fascinating. It's actually something
that, you know, I've been so immersed
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to be to be that I haven't necessarily
pulled my head out and said, what are
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the similarities and differences?
That's actually really just helpful for
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me and my education. So you were
talking about how there's just a lot of
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overlap, but what are some of the
differences between the two that B two
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B marketers need to be watchful for
sure. I think, you know, if you kind of
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obviously, I don't even want to
generalize B two B, obviously there's
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different, very different industries
within B two B. Um it's very different
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dynamics, but in general, kind of the
total available market in B two B in
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terms of like, you know, the number of
people that you have in your universe
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if you will. Uh in terms of the
purchasers or, you know, decision
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makers are a lot more limited in nature
than B two C. I mean, just to put it in
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perspective, cybertron Gillette, which
obviously a multi billion dollar brands,
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huge market share. You know, more than
half of the people, half of the men
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around the world are using Gillette's,
we're talking about like magnitudes of
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billions of people making plans,
marketing plans to reach to billions of
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people versus right now, the space that
I'm in, for instance, is interventional
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cardiology. The total available market
globally because it's such a
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specialized, you know, industry in
specialized category. Um the total
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available market is around 50,000. So
all of a sudden now we see the dynamics
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change in terms of. Okay, so what is my
total universe? Um you know, what do I
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need to do within that, who are the
right segments? What do I need to do to
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reach out to those right people and
then how do I take them through a
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journey to the purchase funnel? It
doesn't necessarily happen quicker and
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need to be. But again, it's such a
defined, measurable and finite number
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of people that gives you the
opportunity to do different things from
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a customer relationship management
perspective. You know, there's
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opportunities for you to kind of deepen
that relationship. Focus on portfolio
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salaries was kind of increasing the
penetration of like new products. So um
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there are definitely those differences.
I think some of those obviously hold
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true um you know, for different
industries as well, I mean there's some
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B two B relationship between like large
CPG companies, consumer good companies
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and retailers, like, you know, PNG has
a business relationship with wal mart
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in the nature of that relationship and
the marketing plans are different than
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what we would do direct to consumer.
Again, that's feelings of people versus
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B two B. You're talking about like one
account, potentially multiple
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stakeholders and decision makers and
you're kind of mapping out the strategy
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that's really customized um for that
business to business relationships. So
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I hope that makes sense. I think the
questions you're asking should be the
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same, the answers might be slightly
different in terms of how many people,
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what channels are they actually
currently on? How do I get them engaged?
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And what I have to say? Yeah, Oh my
gosh, that was such a good rundown. I'm
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curious. So, B to C is about the
product, Is that true for B two, B?
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Very much so, which I'm not sure it's
the right thing. Product is important.
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Your value proposition is extremely
important, which should be actually
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beyond what you are selling as a tool,
as a as a gadget, if you will. But me
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to see a lot of the B2C companies, at
least the consumer packaged goods
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industry, I would say is actually more
focused on consumer needs. So, because
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they've been doing it for a very long
time, obviously most of them um and it
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really all started North Star if you
will for a lot of those companies and
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brands or consumers, So, you know,
understanding consumers there need
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their unmet needs, their journeys,
their personas, this significant amount
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of investment that goes into that to
make sure you're really grounding
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yourself on the consumer need, before
you worried about, you know, your
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product specifications and attributes,
you need to build into your next
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platform. So I think it needs to be
world and again, I don't want to
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generalize that each company is doing
it differently. Each industry is a
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little different if you're in a cutting
edge, you know, industry where your,
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you know, driving innovation, you know,
dynamics is just different than, you
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know, in an industry where there are a
lot of comparable options, but we tend
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to fall in love with our products. Um
indeed to be, it's really because we
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have product managers in B two B,
whereas, you know, CPG usually their
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brand managers, so they think about the
experience that brand is providing the
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consumers that the brand is targeting.
So I think there is definitely more
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Affinity with the product then the the
end consumer and customer and B- two b.
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That really needs to be questioned.
Yeah, the the idea that maybe product
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is king and should influence a lot of
the marketing strategy, that sounds
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like it's a misconception. It is, it is
important. Again, I think product is
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important, but the king, um, you know,
it should really be consumers, the
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customer, that should be the North Star
in terms of like why are we, who are my
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designing this product for at the end
of today? Because if you start with
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that, what you are also going to avoid
is potentially competing with other
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products that you might have in your
own portfolio because we are so siloed
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in our own kind of product teams, you
know, there's product a product,
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product, see between the same company
structure, they all might be targeting
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the same consumer, the same customer at
the end of today. But again, we are so
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incentivized to try to do the right
thing for that product or that platform
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versus the end consumer that we
actually end up frustrating the
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customer. You know, they don't get like
val orchestrated experience, They might
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actually be getting conflicting
information. It's such a destroying
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that experience from a consumer
perspective, customer perspective. But
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if you start with that, that actually
incentivizes the teams, you can still
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have product teams, there's no problem
with that. But that can incentivize the
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product teams to actually make
decisions with the end customer in mind.
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Yeah. Tell me more about this idea of a
great strategy coming from consumer
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insights rather than I guess product
innovation. Yeah, there's there's
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definitely a lot of methodologies that
are available out there in terms of
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like, you know, how to incorporate
those customer insights, you know,
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customer needs into your product
roadmap. So there's some some companies
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are doing it well. There are some
companies that are just focused on kind
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of, you know, what is going to be new
and different versus my previous
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version. So it's very technically
focused in terms of like, okay, these
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are my attributes. Currently, these are
my attributes that I want to build
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tomorrow and then like kind of what is
the, what is the road map to get there,
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but not really truly understanding the
changes in customers lives, right?
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Because maybe that category is becoming
irrelevant altogether. Maybe there's
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actually, you know, a new company that
you really initially didn't consider in
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your competitive set, but now, you know,
some of what they have to offer is
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actually solving for their needs, you
know, what they're looking for. So it's,
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it's really important to kind of ground,
you know, yourself and the in the
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customer insights initially and then
work on your product strategy
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accordingly. Because if your product
strategy is really solid, you should be
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able to answer these questions on life.
Here's a landscape, what's happening in
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my consumers world. Here's specifically
that needs and here's what we're
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anticipating or the course of like four
or 5, 10 years depending on how long
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your roadmap is and then really
position your product well in terms of
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how we are going to solve for those
needs, what was the impetus in your
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belief in this type of strategy with
leading with customer insights? What
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caused you to think that way? I guess,
both in my career at PNG and Abbott,
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the most insightful, the most memorable
honestly and the most helpful time that
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I spent at the time that I spent with
the customers themselves. Like, you
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know, it doesn't mean that like you're
having a dinner conversation, it might
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be literally like doing in home visits,
kind of trying to walk in the shoes of
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the consumer customer, like a day in
the life, you know, I spent weeks in
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India actually like going into people's
homes um and really watching them, you
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know, while they're shaving, which I
know it sounds very interesting growth,
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but it gives you a whole different
perspective in terms of, okay, this is
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their life and this is very, you know,
the kind of the role of my product in
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that, you know, in their life and kind
of like in kind of hierarchy of needs
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very close and like what it does for
them versus looking at the report and
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there's nothing wrong with, you know, a
secondary research or looking at those
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reports to say, here's the percentage
of consumption in each country. That's
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very, very helpful indeed. But walking
in the shoes of the customer, the
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consumer really opens your eyes same in
health care. So, you know, I spent days
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and you know, um surgical labs very
obviously a lot of our products are
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used and you know, cardiovascular
disease is important. Obviously it's
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devastating for patients and their
caregivers. But you sit down with them
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and have them talk to you about like
what happened, you know, how they first
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um you know, hear about this disease or
have they ever heard about the disease
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actually? Harvard it diagnosed And what
was that journey when they've gone
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through the treatment and what happened
after the treatment kind of old ups and
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downs, they've gone through um you know,
themselves and their caregivers, it
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gives you a whole another perspective
as a marketer to find the right angle
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to even speak to them. I mean you might
still use the same product. I mean
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maybe your product strategy is not
going to change, but how you
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communicate with them and you know, how
do you think about what's most
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important and as part of your kind of
innovation um roadmap is changes
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completely when you actually try to
spend that time and walk in the shoes
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of the customers. And again, I've done
it in B two B. I've done it in B two C.
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And we we changed literally after those,
you know, pieces of research. I don't
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even want to call them research. It's
really like emergence. We used to call
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them emergence of PNG like you immerse
your entire team into it. It was
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actually like research and development,
supply chain marketing sales. They were
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like representatives from key cross
functional um departments to just like
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take time, go out, immerse yourself in
the life so if your target and consumer
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customer and then come back and tell me
what you're trying to do that
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completely. You know, in in I mean,
these are two major examples. I try to
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do it in all of our major launches for
the campaigns and product launches. If
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it confirms what you're trying to do
validates what you're trying to do.
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Amazing. That means you're actually
good at kind of listening and like
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taking in these insights, ongoing basis,
but most of the time given we're so
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busy, like in our offices, like doing
our own thing, um we don't have enough
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time to actually like spending time
with our end customers and consumers.
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Usually it actually changes the
strategy all together. And I think it's
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actually an amazing thing to be able to
do that before you even go down the
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path and develop a whole new products
and launch it and to the after the fact
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and say, well why did it not work? I
mean, it actually gives you the
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opportunity to course correct from the
beginning and say, we we might need to
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question our strategy here. Maybe we're
thinking about pricing um, you know, in
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the wrong way or maybe we just need to
kind of think about positioning this
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altogether differently because of, you
know, what you're experiencing and
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seeing um through these emotions. So it
really gives you a whole new
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perspective, what do people stand to
lose by not using customer insights to
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guide the strategy. I would say
ultimately it's really revenue and
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growth. I mean it's everything and
that's a whole another discussion
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probably in terms of like the role of
marketing and, you know, kind of the
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skill sets we need to focus on and how
do we actually keep the seat at the
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table. You need to be able to tie all
your marketing activities and spend an
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investment to revenue at the end of
today if you can't, if you can tie it
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to the revenue, if you cannot tie to a
growth target then and whatever you're
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doing is gonna be obsolete in the short
term, If it's not obsolete now, it's
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going to be obsolete in the short term.
So it really should be tied to revenue.
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Uh, in terms of like if you're not
getting it right either, you're not
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maximizing the potential growth, you're
limiting the growth potential, you
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might end up losing revenue, which is
worse. Obviously, the world can turn
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upside down in terms of, again, what's
happening in the category, what your
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competition is doing. So it really, I
think the biggest risk is business
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results, are there scenarios where a B
two B company wouldn't lead with
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customer insights and it wouldn't
benefit them. Yeah, I think a lot of
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people think of the steve jobs called
when this comes up, in terms of like,
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you know, consumers don't know what
they need. I think he actually based
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that code off of Henry ford vehicle, um,
and he said, if we asked them what they
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wanted, they would probably say a
faster force. Of course, again, if
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you're that cutting edge, if you're
steve jobs and you're coming up with
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the first ipad, you're taking a lot of
risk if you haven't done any consumer
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research and the truth is, he did, I
mean, he truly understood kind of the
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dynamics of the market, even though
they were the first movers right being
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a first mover in a whole new category
gives you a whole new advantage that a
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lot of us don't have if you're working
in one of those companies or spaces
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where you're the only player first and
only, and you're kind of defining the
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category. I think you have a little
longer time to waste probably on things
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that might be wrong or sub optimal.
Again, I'm not saying you're gonna fail
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immediately. Um, but you have a little
more room to play in terms of like
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experimenting and actually defining, um,
you know, what needs to be done in the
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category. But I think it's really the
exception to the rule when you put it
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in perspective. Um you know, a lot of
times, I've never worked in a category
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where you were the first ever movers uh,
into the space. A lot of the times, you
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know, you're, you're one of the leading
ones. If you're lucky, you might be a
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follower brands, um, you're competing
with multiple other comparable options.
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So it's really hard to argue that you
can actually get away with not doing
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any customer research. And I would say
of course, if even in a very
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established category, the consumers are
not technical experts. That's why I
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said, like, you know, doing market
research is important, but absorbing
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consumers in their own worlds. It's
even more important. It gives you a
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whole another perspective because they
might not be able to articulate, you
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know, for you even like what type of
razor they need next? They don't know,
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they can't, but they can tell you, you
know how shaving makes them feel or
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like why is it important for them to
actually show their sons how they're
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shaving when they first start shaving
like those moments, what what it means
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for them, why they're choosing this
trend brand compared to the others And
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you know pricing like what is the, what
is the value of spending um $10 on
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online brand versus you know, 3040 that
might be out there right now like
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premium and so you know, they'll tell
you what's going on in their world,
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their motivators and drivers and
barriers. They're not technical experts.
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If we are asking them what is the
specific product attributes you're
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expecting me to build in the next
product. It shouldn't be literal like
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that. I think that's actually what you
know, Henry ford months initially as
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well. Of course if he has, if he asked
them, they would have said a faster
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horse, but I mean if you take that as a
marketing because marketing is is an
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art as well as a science, right? You
know, if you take that and say they are
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trying to go from point A to B in a
faster way, how can I do that? Again?
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It's all about I think asking they're
listening and then asking the right
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questions, it still gives you the right
perspective in terms of, okay, what
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they need is speed, What they need is
convenience. Um, how do I give it to
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them versus saying? Well of course they
said faster horse, which doesn't exist.
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It's our job to define those technical
options in terms of if this is the end
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benefit that they're looking for, how
can I provide options to them to help
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them get there. That that sounds so
fascinating to me because it's one of
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those concepts where you hear it and
you think, oh of course, but so many
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people strategies are built out in
front of them that it's not angled that
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way. It's not the impetus is not
customer insights. And so I'm really
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excited for people to hear that and see
how would this work for my company. And
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is that what I'm doing already? Are
there ways that I can infuse it even
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more and and have those not only
stronger relationships with people who
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know that you're listening to them, but
then a stronger product and the
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stronger um, brand message you had
mentioned the last time we talked that
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that product is King has that and
building strategy around it has the the
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downside of like innovation for
innovations sake and not listening to
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customers moving quickly, that kind of
thing. But another thing that you
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mentioned that I really want to impact
here is you had said that the thinking
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that product is King doesn't support
the CMO and the thinking of the CMO or
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the future business model and I'm
wondering, could you impact for me what
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that means. I try to touch on it
briefly here as well when you asked
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like, you know, what would be the
consequences of like not doing it right
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at the end of today. I think the role
of marketing is either ill defined or
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very loosely defined. Unfortunately in
a lot of the companies and part of the
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reason, you know, I think a lot of the
CPG companies are known for doing
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getting it right and doing it well is
mainly because a lot of the managerial
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roles in those companies are taken by
people coming from marketing that are
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really close to consumer insights. You
know, they're good at developing
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strategies, but they have
accountability from a revenue growth
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perspective, that's why, you know, if
all you can do and if you're
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specialized in such a way that you're
almost like, like you're a technical
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expert, um, either from a channel
perspective, product perspective could
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be from communications perspective, but
you cannot kind of connect the dots
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with how all of these impacts revenue
at the end of the day. You know, you
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know, evolve your model, evolve your
activities, evolve your resources and
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investment in a way that actually
drives revenue for the company. You're
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gonna lose that seat at the table at
the board level. Right? So there has
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been, I attended compliance um, for the
last few years actually they have
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certain tracks for like CMoS, um, to
attend. And a lot of what they've been
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talking about is the role of marketing
and how it's actually evolving. And
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some companies, even the large ones you
guys might have heard of these
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announcements, they illuminated the CME
morals and it's shocking or like, wow,
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you think this role actually might not
be necessary in some large companies?
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Why is that? And then you see these
kind of other functions gaining like
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very strong power. Like, you know, the
sales functions. Yeah. IOS are like,
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you know, it's because it's, we haven't
been clear on kind of how marketing,
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the role of marketing should be being
the voice of the customer at the end of
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today. And it's the glue function in my
mind should be that blue function and
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CMOS role is to be that glue function
to bring it all together. Right? Like
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it should be able to, you need to be,
you need to know enough about these
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things to kind of orchestrate and drive
the company's strategy in the right
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direction. You don't have to go as deep
on kind of like platform strategy,
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innovation, strategy. Like, you know,
sales go to market strategy, there's
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definitely expertise needed and all of
that. But as we think about the role of
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CMO, especially if you're inspired to
be one, uh, in the future. I think it's
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important to kind of broaden that
business understanding the even that
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was business understanding broaden your
perspective in terms of ultimately how
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is what I'm doing right now, even in a
day in and day out basis, I will just
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probably encourage people to kind of
take a step back and think about how
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you spend your day and then think about
how did that help move the business?
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You know, we used to literally like
lead with this question in a lot of our
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business studios at PNG, you know, are
you helping move cases, meaning like,
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are you, is this helping the sales,
like whatever you're doing at the end
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of the day and of course some of those
are longer term investments. Absolutely.
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So I'm not saying like brand building
is not important for long term
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investments are not important. But
still there's methodologies for you to
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tie brand reputation to sales, there is
methodologies to tie, you know, kind of
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the strength of your innovation
pipeline to, you know, sales so short
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term or long term, you still need to
have a line of sight into, you know, I
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have a way it means to measure and no,
you know, if what I'm doing is actually
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helping move the business, grow the
business or not. Um, so it's, it's
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really important, I think, you know, as
the landscape gets more complicated and
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there's new channels and new tools and
you know, new capabilities available to
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marketers, you can, you can choose to
be a specialized person, you can choose
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a specialized track, there's nothing
wrong with that. But if you aspire to
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be a CMO, if you want that seek to
remain at the board level so that the
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CMR role is not eliminated ultimately
in that company that you're working at
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or U. S. Fire to work. And that's
really important for you to be a
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business leader first. Um and then be
able to tie obviously again the
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marketing strategy that plans to that
business strategy, if there's no CMO
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who takes ownership of marketing.
Honestly, that's a good question.
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That's less of my concern so that it
will be probably divvied up between
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whatever functions are available, maybe
like a communications group, sales, you
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know, some of it could be, you know
driven by the innovation group for the
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product group. However, they're
actually kind of structuring it
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internally. I think the question really
should be, who's going to take care of
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the consumer, like who's going to worry
about customer, like who's going to
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think about the customer experience in
some of the very progressive companies
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they actually now have underneath
marketing usually should be, in my, in
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my mind, customer experience managers,
customer experience experts which
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really like they are actually grounding
everyone back and like customer needs
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and customer experience. Um it's really
more of orchestration, right? Like the
336
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other functions are actually not going
away, but it puts your portfolio
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strategy in perspective. It puts your
channel strategy in perspective, so it
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really brings it back to, you know,
what is in it for the end customer and
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you know, helps you ask the tough
questions in terms of I do have the
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right product strategy, do we have the
right pricing strategy? Do we have the
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right to go to market strategy? The
right promotion strategy? So I think
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that's the question we need to lead,
but if there's no marketing function
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who owns and who's responsible from
that customer explains and and business
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growth, aside from these immersive
experiences, you're talking about
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listening and gleaning customer
insights. Are there especially for
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those aspiring to be CMOS? What are the
tactics that marketing practitioners
347
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need to be doing daily or you know,
over the long the long term um to take
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care of the consumer? Yeah, I think
there's the good news and bad news
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maybe is there's just a plethora of
resources, especially secondary market
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research that uh you know, kind of
scans the landscape in terms of like
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overall trends, you know, social media
consumption habits, you know, digital
352
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consumption habits, services and
solutions that are available in the
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market, like consumer habits and
practices. I would encourage you
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obviously depending on your category,
there's nuances in terms of which ones
355
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are more important and relevant for you
and your specific role? If you're in a
356
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more upstream role you might be more
interested in, you know diving deeper
357
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into kind of like the innovation and,
and long term strategy versus if it's a
358
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downstream role, it's different
different in terms of like, you know,
359
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how tactical you need to get from a
channel consumption perspective for
360
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instance. But there is, if I think if
you kind of remain curious, you know,
361
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in the space, in terms of like what's
happening in the lives of my consumer
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and how does the world really evolving?
Right, Because some of these are kind
363
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of macro trends um, that you can
monitor and observe. There's a lot of
364
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kind of good leadership type of
materials out there. There's again,
365
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maybe too much like podcasts, white
papers, you know, I would just
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encourage you to kind of probably
prioritize the topic areas of interest.
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Start with a couple. Don't overwhelm
yourself because I mean if you say, hey,
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I'm gonna spend five hours each week
doing this. It's unrealistic. We know
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you're, we're all busy, There's enough
going on. Um, maybe literally start
370
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with like blocking an hour on your
calendar. That's what I used to do. Uh
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initially now it's more scary addict
whenever I get time, it's usually at
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night or weekends. Unfortunately
whenever I can catch my breath with all
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the, you know, competing priorities,
but you know, start with an hour on
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your account there, blocked that time,
protect that time and then give
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yourself a kind of a learning agenda
for the weight based on kind of what
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you might have, might be hearing or
again, some of the things that might be
377
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already in your inbox from these, you
know, services that you subscribe to
378
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and then listen for start following and
listening. If it's, if that's, you know,
379
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publisher is not helpful or whether a
channel you're providing is not useful
380
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switch. Like you don't have to, you
know, kind of continue to do the same
381
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thing if it's not working for you
switch but make sure that our is
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protected. It's valuable. And then try
to ask yourself the question at the end
383
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because I think application of those
insights are important. Like a lot of
384
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the time to be go through the report or
listen to a podcast or like, oh, this
385
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is great. I feel so inspired right now
and then we run into a meeting and then
386
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like we forget about what we actually
like why why was I so inspired? So try
387
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to take some time at the end, like five
time minutes maybe just captured or
388
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announced in terms of like this is why
this is interesting or this is how we
389
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can apply some of these learnings to
our business and then if it's really
390
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relevant for your team and if you want
to discuss it more broadly, um pull
391
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that team together and say, hey, let's
just like this is what I read, you know,
392
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uh, let's read it together or I want to
share my insights. So I'm kind of how
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we can leverage some of these best
practices in our space. But I think
394
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it's really being intentional about
your learning experience is very, very
395
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important because you know, I think
that's, that's actually a leadership
396
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quality, you know, regardless of where
you are in the organization, if you're
397
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a VPN organization or Stephen as CMO,
honestly, it doesn't mean that you have
398
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all the answers, you know, I can, good
leaders are the ones that are able to
399
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ask good questions and they remain
curious. Um, so you know, don't, don't
400
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think like, you know, your directors,
your, your VPs or CMoS have all the
401
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answers. I think this guidance stays
true for everyone. I still try to do it
402
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you know, myself because the landscape
is changing so fast, right? Like
403
00:28:48.120 --> 00:28:54.040
especially on digital right now, a lot
of the senior leaders and marketing are
404
00:28:54.040 --> 00:28:56.970
leveraging what's called reverse
mentoring, which is like they are
405
00:28:56.970 --> 00:29:00.340
actually being paired up with like
younger, you know, people in the
406
00:29:00.340 --> 00:29:05.090
organization to be product managers or
like even like interns who are digital
407
00:29:05.090 --> 00:29:08.710
natives to learn something, right?
Because they're definitely out the
408
00:29:08.710 --> 00:29:11.750
experts. I mean I don't want to
generalize that most of them are not
409
00:29:11.760 --> 00:29:15.650
experts. They didn't grow up with a lot
of these channels and technologies. So
410
00:29:15.650 --> 00:29:19.750
they are digital adapters versus
digital natives. So um I think it's,
411
00:29:19.760 --> 00:29:22.840
it's also, it should be the culture of
the team in the company as well to say,
412
00:29:22.840 --> 00:29:26.650
hey we all need to constantly learn and
grow and you know, build our
413
00:29:26.650 --> 00:29:30.910
capabilities and skill sets and being
intentional about your kind of learning
414
00:29:30.910 --> 00:29:35.260
agenda protecting that time on your
calendar. Um and then making sure
415
00:29:35.260 --> 00:29:39.200
you're giving yourself some time at the
end to to capture your thoughts and
416
00:29:39.200 --> 00:29:43.260
learnings and force yourself to think
how can I apply this to my own business
417
00:29:43.840 --> 00:29:49.300
and ask yourself, like you were saying,
how does this help move cases? How does
418
00:29:49.300 --> 00:29:54.910
this move the company forward for
somebody who wants to recalibrate their
419
00:29:54.910 --> 00:29:59.590
strategy so that it's now customer led
by customer insights, How do you
420
00:29:59.590 --> 00:30:05.530
recommend they start? Each company has
a process. Usually it might be very
421
00:30:05.530 --> 00:30:10.610
loosely defined if it's not defined at
all, if you cannot like put on a paper
422
00:30:10.610 --> 00:30:14.860
your innovation process in terms of
like, here's how we actually go from an
423
00:30:14.860 --> 00:30:19.450
idea concept to execution. It is a
problem, I would start with that if you
424
00:30:19.450 --> 00:30:23.470
want a process like document your
process, but I assume you have a
425
00:30:23.470 --> 00:30:28.160
process, ask those questions are like
very in that journey, are they actually
426
00:30:28.160 --> 00:30:33.950
getting during that process? Are we
getting customer insights most of the
427
00:30:33.950 --> 00:30:37.850
times. Unfortunately it is after the
fact after we build the product, we
428
00:30:37.850 --> 00:30:41.790
think about how we, how do we position
it in the market? How do I communicate
429
00:30:41.790 --> 00:30:47.970
and like it after the fact, so you know,
really scrutinize like especially in
430
00:30:47.970 --> 00:30:52.110
the upstream part of that process, do
we have the right steps in the process
431
00:30:52.110 --> 00:30:55.830
to actually immerse ourselves and the
customers. You know, once you need some
432
00:30:55.830 --> 00:31:00.010
drivers and barriers and how are we
taking in those insights into our
433
00:31:00.010 --> 00:31:03.780
innovation process? Right. Because
again, if it's only like one person
434
00:31:03.780 --> 00:31:06.570
from marketing doing this and that
person is trying to communicate with
435
00:31:06.570 --> 00:31:09.930
the rest of the team, it's better than
not doing anything. But it's, it might
436
00:31:09.930 --> 00:31:13.830
not be as helpful for the technical
experts like research and development
437
00:31:13.830 --> 00:31:17.540
folks or product folks to truly
appreciate, you know, where you're
438
00:31:17.540 --> 00:31:22.620
trying to take the um, technology. So,
um making sure you do it in the right
439
00:31:22.630 --> 00:31:26.010
way and you might be more of the right
people in the journey. I think it's
440
00:31:26.010 --> 00:31:30.560
also important, you know, as you do
that and giving your it does, you don't
441
00:31:30.560 --> 00:31:34.140
have to over complicated, but I would
pick the battles and make a commitment
442
00:31:34.140 --> 00:31:37.600
as a team and say, okay, maybe we
cannot, maybe for some of the projects
443
00:31:37.600 --> 00:31:41.840
we have um, that are going on right now,
it's too late. The train has left the
444
00:31:41.840 --> 00:31:45.500
station, but for this upcoming one,
maybe start with a smaller scale
445
00:31:45.500 --> 00:31:49.090
project if you think it's gonna be
harder to comments organization to like
446
00:31:49.090 --> 00:31:52.880
do something differently, but pick it,
pick your battles in terms of very my
447
00:31:52.880 --> 00:31:58.410
pilot this approach and just like work
with some internal champions. Um, that
448
00:31:58.410 --> 00:32:03.180
are also believers hopefully or can be
turned into believers on kind of
449
00:32:03.180 --> 00:32:06.740
convincing the larger group on, you
know, doing it right, documenting it
450
00:32:06.740 --> 00:32:10.910
and going through this journey together
and piloted so people can actually
451
00:32:10.910 --> 00:32:16.780
experience the difference versus kind
of the old way of doing it if it
452
00:32:16.780 --> 00:32:21.060
doesn't work and because change
management is probably like 80 90% of
453
00:32:21.070 --> 00:32:25.210
my job right now, especially with the
transformation the industry is going
454
00:32:25.210 --> 00:32:28.630
through, you know, from a digital
distraction perspective, you might do
455
00:32:28.630 --> 00:32:32.610
all of this and still not see progress
in terms of like, you know the change
456
00:32:32.610 --> 00:32:36.190
you're trying to drive in the
organization, you can always consider
457
00:32:36.190 --> 00:32:41.950
like bringing external expertise and
have consultants, you know, speak to
458
00:32:41.950 --> 00:32:44.830
the group about like best practices,
right? Because a lot of these best
459
00:32:44.830 --> 00:32:50.380
practices exist. Um it's not only like
me having done this before, you know, a
460
00:32:50.380 --> 00:32:54.460
lot of the again, P B two C companies
are using it, even in B two B, there is
461
00:32:54.460 --> 00:32:58.800
very well documented processes that can
be leveraged. So if you feel like, you
462
00:32:58.800 --> 00:33:03.110
know, you might be lacking the
credibility or kind of influence an
463
00:33:03.110 --> 00:33:07.890
organization to drive that change, you
can consider potentially engaging with
464
00:33:07.900 --> 00:33:12.920
external firm, a consultant to actually
come in and share some of those best
465
00:33:12.920 --> 00:33:16.260
practices with some case studies on,
you know, here's how they've done it
466
00:33:16.260 --> 00:33:20.480
differently and here's how that worked
for that specific company, sometimes we
467
00:33:20.480 --> 00:33:25.040
like to hear what we already know from
other people too. Act again, you might
468
00:33:25.040 --> 00:33:28.940
believe in that, but for you to act and
you know, create that burning platform,
469
00:33:28.940 --> 00:33:32.760
it might help for you to hear it from a
third party that is more objective
470
00:33:33.140 --> 00:33:36.960
because um if there was one thing that
you wanted listeners to get from this
471
00:33:36.960 --> 00:33:42.170
episode, what would be the necessary
take away, what have you done for your
472
00:33:42.340 --> 00:33:46.510
customers today? Literally like I want
people to think, you know, after this,
473
00:33:46.510 --> 00:33:49.830
like think of your day, your week, your
month, whatever is the right time frame
474
00:33:49.830 --> 00:33:53.030
for you because you might be just
consumed with one project for the last
475
00:33:53.030 --> 00:33:56.730
five months and that's fine. Think
about that project. You know, if if
476
00:33:56.730 --> 00:34:00.960
your role is very dynamic and every day
you do like slightly different things
477
00:34:00.970 --> 00:34:04.450
like really think of like what have I
done today that is going to
478
00:34:04.450 --> 00:34:07.880
meaningfully impact the experience of
the cost customers and that's
479
00:34:07.890 --> 00:34:11.550
ultimately gonna drive that behavior
change, right? Because obviously you
480
00:34:11.550 --> 00:34:15.870
talked about the business impact like
driving cases, driving revenue, that is
481
00:34:15.870 --> 00:34:19.659
really the end results. There's a lot
of leading indicators and a lot of, you
482
00:34:19.659 --> 00:34:24.560
know, drivers that gets you to that end
result and a lot of those are, you know,
483
00:34:24.570 --> 00:34:29.440
more behavioral goals in terms of like,
you know, persuading people creating
484
00:34:29.440 --> 00:34:33.870
awareness, driving engagement. So, you
know, you really need to have clarity
485
00:34:33.870 --> 00:34:37.219
in terms of, okay, well we've done the
program you've launched in the last
486
00:34:37.219 --> 00:34:40.600
month is gonna help build reputation
with a new group that you've never
487
00:34:40.600 --> 00:34:44.980
engaged with and the reason I know
you're on the right track is like abc
488
00:34:44.980 --> 00:34:48.900
you should be able to articulate those
things if you can't, don't feel bad, I
489
00:34:48.900 --> 00:34:52.440
don't think you're alone. Honestly, you
might be in this, you know, kind of
490
00:34:52.440 --> 00:34:57.090
silo like trying to check the box and
just get like keep the project rolling.
491
00:34:57.090 --> 00:35:00.690
Maybe you've never questioned like it
or not. The processes are, you know,
492
00:35:00.700 --> 00:35:05.440
built correctly or if you need to think
differently, but you know, pausing and
493
00:35:05.440 --> 00:35:10.520
asking yourself, those questions can
get your next big project on the right
494
00:35:10.520 --> 00:35:15.710
track. Oh my goodness. That is so
succinct so eloquent. I'm super excited
495
00:35:15.710 --> 00:35:20.190
for people to hear this. You've
provided. Just such a rich information.
496
00:35:20.200 --> 00:35:25.260
I'm excited to go back and think about
how you know, what have I done for my
497
00:35:25.260 --> 00:35:29.230
customers today? What have I done for
potential customers? For people who
498
00:35:29.230 --> 00:35:32.940
want to learn more either about you or
your company? How can listeners connect
499
00:35:32.940 --> 00:35:37.850
with you? They can connect me, connect
with me on lengthen. So I'm on linkedin.
500
00:35:37.850 --> 00:35:41.840
I'm very, I try to remain active so
they can search for my name. I will be
501
00:35:41.840 --> 00:35:45.540
happy to connect and counting the
conversation. People on lengthen. Oh,
502
00:35:45.550 --> 00:35:49.170
that's awesome. Well, thank you so much
for joining me on GDP growth.
503
00:35:49.540 --> 00:35:52.850
Absolutely Olivia. This was a pleasure.
I really enjoyed the conversation.
504
00:35:52.850 --> 00:35:55.540
Thanks for having me. Me too. Yeah.
505
00:35:57.640 --> 00:35:57.850
Mm
506
00:35:59.140 --> 00:36:02.910
For the longest time I was asking
people to leave a review of GDP growth
507
00:36:02.910 --> 00:36:07.410
in apple podcasts but I realized that
was kind of stupid because leaving a
508
00:36:07.410 --> 00:36:12.600
review is way harder than just leaving
a simple rating. So I'm changing my
509
00:36:12.600 --> 00:36:16.340
tune a bit. Instead of asking you to
leave a review, I'm just gonna ask you
510
00:36:16.340 --> 00:36:20.910
to go to be be growth in apple podcasts,
scroll down until you see the ratings
511
00:36:20.910 --> 00:36:25.020
and reviews section and just tap the
number of stars you want to give us no
512
00:36:25.030 --> 00:36:30.370
review necessary. Super easy. And I
promise it will help us out a ton. If
513
00:36:30.370 --> 00:36:34.000
you want a copy of my book, content
based networking, just shoot me a text
514
00:36:34.010 --> 00:36:40.690
after you leave the rating and I'll
send on your way, Text me at 40749033 -
515
00:36:40.690 --> 00:36:42.560
eight.