Marketing Magnified CMO Council
March 2011

IN THIS ISSUE

Editor's Cut

Q & A
Peter Daboll is CEO of Ace Metrix™

In The Spotlight
Where's Voice of the Customer Going Anyway? Answer: VOCi

By Chris Cottle

Feature Article
Nine Common Obstacles That Derail Growth

By Lisa Nirell

NEW PROGRAM

Localize to Optimize

Localize to Optimize

Despite increased homogenization of markets, media channels and brand experiences, localization of messages, images, creative executions, offers, deals and interactions is still critical to marketing effectiveness and customer relationship building across many business categories.

Take Survey »

FEATURED WHITE PAPER

Making Sense of Subscriber Complexity: The Need to Get a Handle on Change and Choice in Global Communications Markets

Making Sense of Subscriber Complexity: The Need to Get a Handle on Change and Choice in Global Communications Markets

Global communications service providers and cable/satellite system operators face a demanding new world of subscriber complexity and choice. Billions of people in developed and emerging markets now tap into communications, social media, sports, gaming and entertainment networks around the world, representing a dizzying array of needs, preferences and desires across access devices, services, content consumption, payment plans and pricing parameters.

Download the white paper »

RESOURCES

CMO Talent

CMO Council’s Talent Sourcing Center – Connecting Employers, Recruiters and Job Seekers

Employers and recruiters Browse resumes and only pay for the ones that interest you.  Gain access to some of the best professionals in the field by posting a job opening.

Candidates Post your resume online – whether you're actively or passively seeking work, your online resume is your ticket to great job offers and anonymous options are available.

Find out more »

CMO Council Speaker

CMO Council Speaker’s Bureau – Connecting Experts With Events

The CMO Council Speakers Bureau helps CMO Council members and other marketing professionals find topline events and conferences to increase their visibility within the marketing industry. The Speakers Bureau also helps CMO Council partner associations and organziations locate experienced marketing professionals to keynote industry events and conferences, and assists CMO Council media and publication partners with locating subject matter experts to interview for print, Web, radio and television.

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READING

The Global Brand CEO
By Marc de Swaan Arons and Frank van den Driest

he Global Brand CEOThe authors offer a simple framework and practical tools that will help every global marketer unlock the value of global brands and ready their organization for accelerated growth. The book draws from insights from 45 of the world’s most successful CMOs, as well as findings from EffectiveBrands’ proprietary Leading Global Brands study.

Available from Amazon »

UPCOMING EVENTS

CRM Executive Summit

CRM Executive Summit
June 6-8, 2011
Park Hyatt Aviara Resort

San Diego, CA
Merkle's annual CRM Executive Summit brings together senior marketing executives from Fortune 1000 companies and leading nonprofits for two and a half days of learning, collaborative dialogue and networking with colleagues from other world-class organizations. In conjunction with the CMO Council, Merkle will also present The Marketing Innovation Awards - Honoring the Elite in Customer Engagement Marketing, at the event. The Marketing Innovation Awards will recognize marketing leaders for innovative marketing programs that drive customer engagement with awards across several categories.

More Details »

2011 Engage Summit

2011 Engage Summit
May 15-18, 2011
The Chateaux Resort at Silver Lake
Deer Valley, Utah

The Engage Summit is quickly emerging as the premier event on using customer intelligence to drive business outcomes. Speakers include Guy Kawasaki, Arkadi Kuhlmann (Chairman & President of ING DIRECT USA), Jeremiah Owyang, Forrester Analyst Andrew McInnis, Bruce Temkin, Todd Rowe (Google’s head of worldwide channel sales), JetBlue’s Bonny Simi and many more. Through the 46 workshops, panel discussions, presentations and deep-dive product trainings, attendees will discover how to gain new insights from their data more quickly and learn ways to improve even the simplest of surveys. Save $100 when you register using CMO promo code.

More Details »

Gartner Customer 360 Summit 2011 Forum 2011

Gartner Customer 360 Summit 2011
March 30, 2011-April 1, 2011
JW Marriott LA Live
Los Angeles, CA

The Gartner Customer 360 Summit is a must-attend event for CRM business, marketing and IT leaders. It will provide complete coverage of the new strategies and technologies that are enabling organizations to better understand and engage their customers, build loyalty and grow the business. CMO COUNCIL Members: save $300 when you register with priority code CMO.

More Details »

eTail Latin America

eTail Latin America
April 5-7, 2011
Hyatt Regency Miami
Miami, FL

Leading Latin American retailers, marketing professionals, technology specialists, logistics providers, and payment experts will come together to network and explore the ecommerce landscape – where it is now, where it is headed, and how you can ensure your company's success.

More Details »

Shopper Marketing LIVE

Shopper Marketing LIVE
May 18-20, 2011
Sydney Convention &
Exhibition Centre
Australia

Redefine your knowledge of retail marketing at Shopper Marketing LIVE – the ultimate learning event devoted to helping CPG and retail marketers survive and thrive in the new era of retail marketing and communications. From in-store marketing, shopper insights and customer experience to loyalty, digital and mobile, Shopper Marketing LIVE will deliver content across the entire path to purchase.

More Details »

Next Generation Customer Experience 2011

Next Generation Customer Experience 2011
May 23-May 25, 2011
Los Angeles, CA

This interactive event brings together senior level customer experience executives across all industries to address cross-channel customer experience trends and challenges. From ideas for creating and enforcing a customer-centric culture to investing in groundbreaking customer experience initiatives, this event will arm you with immediate strategies for driving consumer loyalty and boosting long term profitability.

More Details »

JOIN THE CONVERSATION

If you would like to submit an article or recommend one, please follow these guidelines:

  • Maximum 1,000 words
  • Microsoft Word format
  • Use Arial typeface
  • Appropriate content for executive level audience
  • Marketing-related content

Send your submission as an email attachment to:
Nathan Gannon
CMO Council
mm_content@cmocouncil.org

3.24.11 CMO Council Appoints Advisory Board Chairman For Latin American Region
The CMO Council has named business leader Ray Knight as Chairman of the CMO Council's Latin America Advisory Board.
Read More »


3.23.11 CMO Council Launches Major Campaign To Address Subscriber Complexity In Global Communications Markets
Initiative and Industry Survey Explore Issues and Opportunities for Service Providers and Cable/Satellite System Operators to Handle Increasing Challenges of Change and Choice.
Read More »


2.24.11 Bank Marketers In Australia Struggle With Analytics And Insights As Customers Demand More Added-value Services, Reports CMO Council
Younger, smarter banking customers with a desire for greater digital interaction and online engagement are challenging banks in Australia to deliver more personalized, value-added services with greater efficiency and precision, reports the Chief Marketing Officer (CMO) Council in a study of evolving consumer needs and bank marketer priorities.
Read More »

EDITOR'S CUT

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CMO Council Marketing MagnifiedThis month, the CMO Council flipped the switch on Pause to Support a Cause, a program that will connect consumers, brands and some of the world’s most amazing charities.

The concept is simple enough: Instead of a coffee card, points or entries into some unknown sweepstakes, consumers have the opportunity to participate in surveys where their time directly translates into payments to causes that they are passionate about.

The campaign also opens the door for brands looking to tap into a research panel that is not made up of the same, already-predisposed-to-exploit online survey reward channels. For the past year, Pause to Support a Cause has been working with non-profit groups to better understand the needs, issues and challenges they face in messaging donors and tapping into their own database resources. The final piece of this puzzle finally came into place when we struck a partnership with Op4G, the operating partner of the program.

With more than 200 non-profit groups already supporting the campaign, thousands of consumers are already registered, allowing marketers to quickly and affordably source targets for online engagement, polling, focus groups or surveying. The cause-directed survey model will help:

  • Market researchers connect with difficult-to-reach consumers and audience segments
  • Lower research costs, shorten fielding times, heighten response rates and encourage more consistent survey feedback and participation
  • Add a powerful altruistic appeal and ensure market research dollars produce real social value while improving brand insight and perception

To learn more about this new research panel, visit http://www.surveyforgood.org/service-partners-op4g.php to download price sheets and current demographics of the panel, along with case studies of brands that have already leveraged the Op4G model.

The CMO Council will also be engaging with brands interested in piloting the Pause to Support a Cause panel. If you would like to discuss how your company can get engaged, contact Bryan DeRose at 650-433-4144 or bderose@cmocouncil.org. As Pause to Support a Cause is now “open for business,” we look forward to helping amazing causes as we survey the beneficial way!

Until next month!

Liz Miller
CMO Council
@lizkmiller on Twitter

Marketing Supply Chain

Q & A

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Peter Daboll CEO of Ace Metrix
Peter Daboll is CEO of Ace Metrix™

Peter Daboll is CEO of Ace Metrix™, a company that measures the creative effectiveness of in-market TV advertising. Daboll started his career in TV and creative testing at IRI before spending over a decade in the digital world, most recently as CEO of Bunchball and Chief Insights Officer at Yahoo!.

What was the thinking behind Ace Metrix’s new benchmarking service for television advertising creative?

We wanted to leverage what we’d learned in the digital world, which was so much about quick response and looking at how ads worked behaviorally. In TV, it seemed to take an awful long time to understand whether an ad was working or not. We also felt that if you really look at how ads are tested today on television, the creative testing process is kind of a fake environment. You don’t watch one ad at a time; you watch dozens of ads every night, and we felt that evaluating the creative of just one ad was looking at it in a vacuum. The most effective part of how creative resonates is how well it’s doing relative to everything else a consumer or a viewer is seeing.

How does the scoring system work, and what makes Ace Metrix insight relevant and valuable to chief marketing executives?
 
Creative is always the x-factor in any campaign. Many CMOs have told me it’s the largest part of their budget but also the least measured and with the highest risk. So we essentially score the creative in a number of key dimensions that are linked with actual in-market behaviors, things like reliability, information, relevance, desire and attention. Those core attributes are then combined with a watchability score to compute what we call the “A score.” And the A score is computed the same way for every ad, so you can compare ads across verticals with a level playing field, the same questions, the same general population sample.

So it’s a comparable way to see how your ads are doing. We’re finding CMOs use our system a number of ways, but first to pre-test their ads and see how they’re going to do before they actually go live. Once live, they use it to see how their ads do against all demographic groups and compare with competitive ads. What are competitors doing? Are they higher than me?  Are they performing better? Are they performing worse and do we need to respond?

The fact our ads are scored within a 24-hour window and our system is accessible by iPhone and iPad give almost immediate response to the creative environment CMOs live and die in, and that speed and competitive context is changing the game.

How are marketers using this to increase the impact and effectiveness of their media spend?

Our clients link our scores to downstream ROI measures, so they know the key driving scores for their particular categories and brand – be it attention, relevance – that work against their target demos they know have positive ROI. Second, we’re all about media schedule, so we can tell precisely where in and where out the ads should be rotated, which ads to take out of the rotation and which ads to replace them with. Getting to see every ad your consumers are responding to yields all kinds of creative and execution options for marketers that they couldn’t see before.

Have you identified any common variables through the ad scoring that have implications for different types of creative strategies and executions?

We have this incredible horizontal view across all ads, so when we decided to look at celebrities, for example, we could look at every single celebrity endorsement ad that ran on national TV last year. And with a couple of exceptions, celebrity ads do worse, or below norm, in every category they run in. Celebrities are polarizing, and consumers either love them or hate them, besides those exceptions where the celebrity was woven into the storyline.

We’ve also seen that animals and pets, especially in some of the Super Bowl spots, have always done well. We see a lot of strong relationships with different soundtracks, and that music is a key element in creative emotive power. And now we’re seeing cause-related advertising as the new phenomenon of really high impact advertising.

We saw it with Dawn last year during the oil spill, when they ran what was actually an old spot about Dawn dishwashing detergent being used to clean birds contaminated with oil. That ad really had a high score. We saw another one just recently with Liberty Mutual scoring well with a creative spot about not texting and driving. So relevance can be one of the key things we look at in what drives successful advertising.

Often you’ll see an ad that was very funny or likeable, but it doesn’t resonate with people. Or you’ll see a high likeability score, but it doesn’t have information or relevance and doesn’t score well. So it’s really about having that balance between a watchable, engaging ad with key dimensions of information and relevance that make it stand out.

How is your ability to measure ad effectiveness changing the relationship between brands and their advertising agencies?

The agencies were a little reluctant at first. People don’t like to be evaluated, but we’ve found that the more agencies worked with us, the more they liked us. First of all, there’s an objective benchmark on how well their creative is doing. If they’re moving from a lower number and suddenly delivering a higher number, then there’s empirical proof that the creative is better, that it’s working better, and it’s not just somebody’s judgment or a new brand team that didn’t like the new direction. It’s empirical and fact-based.

Second, once these ads start getting benchmarked and people start delivering against those benchmarks, everyone wins. The agency wins because they know they’re delivering top notch creative, and the brand wins because they’re resonating with consumers. We’ve had cases where the brand actually holds their agency accountable for a specific Ace score contractually. Other times, they just look at it together to evaluate the ads with a new diagnostic tool, but one that allows them to talk about data in the creative process, which is really kind of a neat thing.

CIO-CMO

IN THE SPOTLIGHT

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Chris CottleWhere's Voice of the Customer Going Anyway? Answer: VOCi

By Chris Cottle

I co-presented with Andrew McInness of Forrester recently in a webinar on Customer Intelligence, the New Frontier of Customer Voice. Based the lively and diverse discussion and the high volume of emails I received after the event, this topic struck a collective nerve among our audience and left people clearly energized. Of the many key areas of discussion from the presentation, I'll summarize the three main points in this space.
 
1. More surveys/data is not the answer! The focus of Voice of Customer (VOC) is not to gather more surveys and data; it is to create actionable business intelligence that moves the needle. VOC practitioners are not great at this second part today, but they are getting better, and quickly. For this reason, VOC programs are now gaining quick adoption where they have stalled in the past. VOC best practices require a shift from data gathering, creating charts and reports, to providing prescriptive and predictive outcomes that support a business story.

2. Tell a business story: VOC programs fail most often because they merely provide scores, changes in scores, or data that is only part of the solution. Don't leave business managers hanging. Don't tell them their SAT score is down this month without telling them the reasons why, as well as pointing out comments and stats to help them see the impact of fixing the problem. If you present your VOC results as a broader business story, rather than just a VOC/SAT report, success will skyrocket. Though framing your data as a story is difficult, you can do so by thinking big, being ready to tackle processes beyond your job scope, and thinking like an executive. Tip: When's the last time you met with a few key executives and said, "I want to provide data that is really relevant to you - data that you would die to have every week. Can you tell me what that data is?"

3. Combine operational data with VOC data for VOCi. There's an exciting new space that combines the best of VOC data (from all forms and places in an organization) with operational data (CRM, financial, etc.) for traditional business intelligence (BI). This new space, and opportunity, is VOCi, or Voice of Customer Intelligence. I submit that it should be the new 'north star' goal for VOC professionals. The ultimate goal of VOCi(tm) is to provide actionable business intelligence derived primarily from VOC data sets, but with other data sets integrated, that tells a powerful story executives buy into and want to see regularly. The industry needs to move away from the focus on gathering more data (so what, who needs more data) to creating actionable insights. Let's make it happen!

Chris Cottle is Executive Vice President of Marketing & Products at Allegiance, where he leads brand and product strategy, public and analyst relations, events, lead generation, marketing communications, and management worldwide. Please visit the webinar here to access the full presentation.

Collaborate to Innovate

FEATURE ARTICLE

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Lisa Nirell Nine Common Obstacles That Derail Growth

By Lisa Nirell

As you approach the end of the first quarter of 2011, your growth plan and marketing activities are well underway. How will you keep them fresh and relevant?

Launching and implementing your growth plan entails risks. Plans often expose underlying conflicts within the organization. It may disrupt the status quo, the ways decisions are made, and strain the most established relationships among key players. How can you prevent current operating norms and Belief Systems (B.S.) from dictating, derailing or delaying your growth plan?

The first step is to understand the main causes of plan derailment. Here are the most 9 common ones that I have observed over the past two decades:

  1. Lack of communication – The plan doesn't get communicated to employees or allies who keep on working in the dark.
  2. Mired in the day-to-day – Managers consumed by daily operating problems lose sight of long-term goals. Today's technical outage, employee resignation, or client emergency will happen. The question is: How well are you structured to delegate some of these emergencies to others who can handle them?
  3. Out of the ordinary – The plan is treated as something separate and removed from the management process.
  4. People perceive vision, mission and value statements as fluff. How did that limiting belief become part of your company culture?
  5. The plan is reviewed too infrequently to stay relevant. If you are relying on one annual retreat to review your plan, you might as well not have one. It has already become obsolete.
  6. Conducting business as usual after a live planning meeting – How often have you seen teams leave a planning session and quietly comment about "getting back to normal again?"
  7. Failing to make the tough choices – A solid, well thought out plan will reveal deficiencies in your team, your marketing plan, your funding or your capacity. Are you ready to fill those gaps and relieve people who are a poor fit in the new organization? Or do you tend to hope they will leave on their own accord? Will you need to meet with your banker and request a higher line of credit? These are challenges you must confront, not ignore.
  8. Lacking a scoreboard – Are you measuring what's easy or what is important?
  9. Neglecting to benchmark your company against the competition – Remember that your biggest competitors may include Inertia, Inc. and Not Invented Here.

You can overcome these common planning mishaps. For best results, regularly share the strategic plan with other stakeholders like investors, customers, alliance partners, etc. An "open book" approach will likely generate more helpful ideas and suggestions about the future of your business.

This post originally appeared on Fast Company.com.

Lisa Nirell is the Chief Energy Officer of EnergizeGrowth®. She helps companies grow customer mind share and market share. Since 1983, Lisa has worked with Trend Micro, Zappos, BMC Software, Microsoft, IBM, and hundreds of entrepreneurs in nine countries. Lisa is also an award-winning expert speaker, business columnist and the author of "EnergizeGrowth® NOW: The Marketing Guide to a Wealthy Company."

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