When Laura finished the meeting, she was angry. Her biggest customer just told her that she had placed a big order with a new supplier.
“You know it’s not you. I like working with you Laura. How long are we working together? It’s been a long time,” said Joanne, the EVP Operations at DeepEarth Oil, “but Matt Adamson at Innopartners – he blew us away. I know they are a little more expensive than you, but Matt agreed to share his vision with the whole executive team as well at our next exec QBR. He helped me think about this company – this industry really – in a whole new way.“
Laura knew Innopartners. She beat them in most competitive situations – even with brand new customers. Her solution was superior to theirs, and she certainly did not expect them to unseat her. This was deeply aggravating. Matt Adamson? Laura thought she knew most of the sales team there, but she had not come across the name Matt Adamson before.
And yes, she was angry too; angry at herself for listening to Jack, the Chief Marketing Officer at JKHiggs Global. “Just present Dynamix14 this way and focus on the energy saving. That’s our key differentiator.” he said, “And be sure the customer knows that we’ve been in this market longer than anyone else.” Laura was going to have a reality check conversation with Jack as soon as she got back to the office.
When Laura checked her phone, she was glad to see a message from her friend Tom. Before Tom left to start his own business, he and Laura had been in the trenches together for seven years and had become good friends. Now that Tom was building his new business he had little time to socialize.
Turning the corner as she walked towards her car, the sky darkened and Laura was buffeted by a chill wind. Under grey skies, she looked for something to brighten the day. Dialing Tom, hoping she’d be free for lunch or a coffee, she wondered what Tom would think about what she planned to say to her CMO Jack later.
“Has your chandelier popped a bulb? Is your brain past its ‘Best Before’ date?” Tom’s colorful speech always amused Laura, and she always enjoyed spending time with him, but this time, sitting in the Starbucks across from his ‘starter-upper-sorry-we-don’t-have-a-coffee-maker’ office, she was disappointed in Tom’s reaction to her suggestion.
“Look, Jack has been following the same path now for far too long. But the world has changed. Customers know more about our business than we do about theirs and introducing a new product with just a datasheet and a Features & Benefit list isn’t working. This approach is costing us business, and Jack is costing me money. Someone needs to put his lack of market understanding in front of the Executive Management team meeting.”
Tom took off his glasses, and rubbed his eyes slowly. This was getting tense, and Laura had that I-don’t-care-what-anyone-says look. Time to diffuse things a little. “Ok, so what you’re saying is that Jack is about as useful as an ashtray on a motorbike. But even if that is true, is this the best way to solve things? Do you really want to lead a witch-hunt against Jack. This is not a Jack issue, it is a strategic company issue. ”
“Tom, I thought you’d understand,” Laura responded. “Jack, and the rest of the marketing team think that just because they’ve spoken to the analysts and done some market research, that they can tell us how it works in the field. But they rarely get in front of customers, and meeting with customers everyday is what we do. I’ve been successful selling ever since I came to JKHiggs, but now, I am losing to competition when I should win.”
“Ok”, Tom interrupted, “let’s look at this calmly. From what I heard, the marketing team is delivering more sales collateral than ever before, and built a really cool micro-site for Dynamix14. You can’t criticize their work-rate. What exactly are you saying?”
Laura took a long sip from her latte, and sat back in the soft leather chair. “Ok, I admit I’m getting some leads; that’s not my problem, and I know marketing is investing heavily in brand awareness. There are more marketing materials than we have ever had in the past – but even if I could find the piece I need, I am still going to get my butt kicked if the competition is helping the customer to … how did Joanne at DeepEarth put it? – ‘help me think about my business in a whole new way’. We don’t know how to do that. We have not figured out how to connect our solutions to the customer’s business, and you know what, that’s actually the issue here. We have spent all of this time on our ‘Sales and Marketing Alignment Project’, when in fact we should have been thinking about the customer first. Henry in Engineering gets this stuff. Customers love him – he knows more about the impact we can have better than anyone on the planet. If we can get him in front of more customers, then maybe that will help. That’s what I need. That’s the answer.”
“Look Dudette, you’ve nailed the problem – but not the solution. Henry doesn’t scale across 400 reps. If you think the marketing department at JKHiggs is going to help you solve this, then I’d like some of what you’re smoking. Your job is to sell. Do the research yourself. Use Google. Buy Henry lunch. If Jack is filling the top of the funnel, that’s just as much as you can expect. I wish I had someone hand me leads. Now, my dear friend, don’t be a whiner. Accept that your meeting today wasn’t great, but dust yourself off. Learn more about your customer’s industry and get back in the saddle.”
“I don’t know Tom” Laura sighed, “ I hear what you’re saying and I know you have my interests at heart, but customers are getting smarter and more knowledgeable all of the time. They are using the Internet to educate themselves on everything that’s going on; not just with us, but with our competitors, their industry and other companies like them. It’s not my pipeline volume I’m worried about; it’s my sales conversion rate and the pipeline velocity. If JKHiggs doesn’t sort this out, we will lose our position in the market and that will make my job harder. Marketing is investing in the wrong place, and something needs to be done about it. I think Jack needs a good dose of reality.”
Tom stood up and dropped his empty coffee cup in the trash. “Listen, I’ve got to get back to the day job. But ask some of the other on the sales team what they think before you take on Jack, or maybe call the guys over at Innopartners and see if they have any openings. They seem to have figured it out.”
… and that’s where it ends.
What do you think? Do you think Laura is right? What about Tom’s perspective? Does Matt’s situation sound familiar to you?
Remember, we have not heard Jack’s side of the story yet.
The story continues here: Is Marketing About To Get Fired?
If you want to read more of my blogs please subscribe to Think for a Living blog. Follow me on Twitter or connect on LinkedIn. I want you to agree or disagree with me, but most of all: I want you to bring passion to the conversation.
Donal Daly is Executive Chairman of Altify having founded the company in 2005. He is author of numerous books and ebooks including the Amazon #1 Best-sellers Account Planning in Salesforce and Tomorrow | Today: How AI Impacts How We Work, Live, and Think. Altify is Donal’s fifth global business enterprise.