Focus on the customer and the process and the prize will follow. Where does your organization place the focus?
CEO @ CMO Huddles | Podcast host for B2B CMOs | Leading CMO Coach | AdAge CMO columnist | author Renegade Marketing | Inspiring B2B greatness via Community, Coaching + Content | Ben Franklin nut
“Why can’t you just get more pipeline?” asked the founder-CEO of a $125mil SaaS brand. The CMO took a deep breath and tried to explain how marketing works without condescending. It was a fruitless conversation initiated by the wrong question. This scenario is being replayed at countless companies with equally poor conclusions. Founders who enjoyed rapid growth due to plentiful cash, strong economic tailwinds, and a temporarily unique product offering are suddenly confronted with the challenge of leading a sustainable business. It isn’t pretty. Great leaders ask great questions. Inexperienced ones seek blame. Notice that the CEO spotlighted here starts his question with “Why can’t you…” versus “Why aren’t we…” Questions that include “We” recognize collective responsibility to address the organization’s biggest challenges. Leaders own challenges. This isn’t the only problem with the question. There’s the use of “just” as in “just spend marketing dollars on demand-generating activities” which is also folly. As Jon Miller, co-founder of Marketo and Engagio gamely puts it, “Marketing is not a gumball machine.” In other words, you can’t just put in a quarter and expect a deal to fall through the chute. The biggest issue with the question is its demand, “get more pipeline.” I’m not suggesting that marketers shouldn’t contribute to business growth. That’s a given but not the problem here. When fast-growing businesses suddenly stop growing the problem isn’t “just” a marketing one. It’s usually a combination of product performance, customer experience, employee engagement, reputational strength, and economic conditions. A great leader asks, “Why aren’t we growing?” and convenes a braintrust to assess the problem and revise the overall business strategy. It might be a tweak to the product, price, positioning, or experience. More likely, it is a distinctive combination of all four summarized in a crystal clear promise to the market. A promise that permeates and aligns the organization. A promise that inspires employees, customers, and partners. A promise that when executed with relentless consistency delivers growth. Growth is not a strategy. It’s an outcome of a successful strategy. Growth is not a strategy. Yet every day, a founder-CEO parrots the question investors ask, “What are you doing to grow the business?” Imagine for a moment if we just changed two words in this question, so it read, “What are we doing to differentiate the business?” Oh, the power. Oh, the profundity. We differentiate. So here, marketing leaders, are your marching orders. When asked for growth, accept the challenge of differentiation. Talk to your customers. Survey your employees. Find the strategic insight. Set the agenda. Convene your peers. Lead the development of a singular promise. A promise that engenders competitive advantage. A promise that, when cleverly and consistently executed, captures mind space. Go forth and differentiate.