B2B Thought Leadership? Not So Much . . .

Laura Ramos

What does it take to become a thought leader in your market?  

Deep understanding of what inspires your customers (or keeps them awake at night), executive commitment, companywide involvement, and authentic generosity. 

Unfortunately, most business-to-business (B2B) marketers fall short when they publish promotional content or threadbare case studies masquerading as thought leadership.

At least that's what I found when researching my latest — and first — publication since returning to Forrester. (Please take a look and rate/share what you think!)

Great marketing content can fuel your company's demand generation engine. It can boost your brand's visibility to key audiences and bump aside competitors. Most of all, it attracts buyers interested in the types of challenges your company can solve. Because, as successful marketing execs know, business buyers don't buy your products and services; they buy into your approach to solving their problems.

Thought leadership is different. And it's rare.

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Which Comes First: Content Marketing Or Thought Leadership?

Laura Ramos

Once upon a time, there was a little marketer with a big problem. Her sales executives said, "We need more leads." So she bought a big new shiny marketing automation engine . . . .

Stop me if you've heard this one before, but I'm sure we all know the end of the story. The marketing engine didn't live up to expectations because data and content didn't come in the box.

More than ever, marketers view content as the fuel needed to run a powerful revenue generation machine. But the debate over the quality of the content created seems to have reached a fevered pitch. Look no further than posts from SAP's Michael Brenner, Marketo's Jon Miller, UK-based Velocity (the slide show here is a riot!), Dr. Liz Alexander, and SHIFT Communication's Christopher Penn to see the backlash against bad content marketing practices grow.

Why now?  I see four key trends converging on business-to-business marketers that drive interest in, and failure with, content marketing:

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Off And Running . . . In The B2B CMO Race

Laura Ramos

"Hello, I'm Laura Ramos, and I write for chief marketing officers."

That's the standard line around here. It'll take a little gettting used to saying it. Heck, I still find myself saying "Xerox" instead of "Forrester" from time to time, but I hope to get out of that habit soon.  
 
Luckily, I won't have to break my habit of thinking and writing about the issues that face large companies that sell highly-considered products and services to other businesses through a direct sales force or channel partners. I've always been a business-to-business (B2B) girl, and I'll stick to that focus here at Forrester.
 
As part of the research team focused on the top marketing role in B2B firms, I plan to lean on my experience in lead-to-revenue management, marketing mix effectiveness, as well as industry and social marketing best practices to help CMOs reimagine and reinvent the role, organizational structure, and skill mix marketing needs to affect the business in this new age of the customer (subscription needed).
 
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2012 Tech Marketing Priorities – From 50 Tech Marketing Execs

Understanding the priorities of fellow tech marketers is a great way to tune one’s own 2012 initiatives.   Over the past two months, my Forrester Technology Council colleagues and I have spent quite a bit of time surveying and talking with members (~ 50 tech CMO’s and VP’s of Marketing) about their priorities for 2012.  Before the champagne pops up here in Boston, I wanted to share a few of the priorities my colleagues and I are hearing most about for 2012:

  • Demand management wins out across the board.   In years past, the top priority for our tech marketing members centered around "driving leads into the funnel."  In 2012, tech marketing execs still care about driving leads, but there is an increased desire to trade lead volume for better lead quality.   Quality that comes from strong nurturing activities to help leads move from the top of funnel into the middle and ultimately into a position where they are "sales-ready."  A vocal number of members expressed commitment to building a more comprehensive demand management process where they would balance their lead nurturing and lead generation initiatives appropriately.  
  • Brand/rebranding comes into vogue.  Many of our members have put brand and/or rebranding at the top of their lists for 2012.  The need to create greater market differentiation against competitors and to build market awareness in new markets (e.g. verticals, geographies) were cited as the top reasons for steering funds, resources and time in brand or rebranding initiatives.     
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Thought Leaders Are Good Story-Tellers

Tom Grant

Since there's no systematized, look-it-up-in-your-economics-textbook definition of thought leadership, people generally lapse into metaphor when they try to describe the concept. The language usually gets very Joseph Campbell-ish. Thought leaders might be visionaries, Delphic conduits into some shared future. Or, they might be heroic trailblazers, clearing a path into places that no one knew existed, or they were afraid to venture.

Our recent research into thought leadership points to a different metaphor. Thought leaders are not seers, like Cassandra or the Sibyl. They're closer to trailblazers or founders, like Romulus or (less mythologically) Alexander the Great. But even that's not exactly right, since thought leadership depends critically on communication. Alexander got a lot of good press; Cyrus the Great, the founder of the Achaemenid Persian Empire, got much less (at least in the West). As a result, people are still sifting through Alexander's career for nuggets about successful leadership. Cyrus the Great? Not so much.

Thought leaders are, to a big extent, more like Homer than the people whom Homer chronicled. They're good story-tellers, which demands far more than relating a collection of incidents.

Just ask anyone reading a success story on a tech vendor's web site.

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SAS Shows How Thought Leadership Is The Art Of The Possible

Tom Grant

Yesterday, I was talking with members of the SAS government team about recent developments, such as the state of their business, acquisitions (here's my take on one of those companies), and success stories. I was very, very happy that they wanted to devote the majority of time on the success stories, since you often get more insight from discussing how customers are using technology than running through the list of new features and functions.

Funny thing, that's exactly the conclusion of our research on thought leadership: If you want to be a thought leader, talk about how you've made people successful. Actually, there are more aspects of thought leadership, but success stories are a good place to start. Not only do they illustrate how a vendor can contribute to a project, but they also identify the types of projects worth pursuing.

SAS is involved in well-established, well-understood government activities, such as preventing fraud in corporate tax collection and social programs. It's also involved in far less established and understood areas, such as nipping new cybersecurity threats in the bud and dealing with recent IT requirements for health care. Not only are governments trying to figure out how to fit technology into their strategies for dealing with these new challenges, they're still figuring out the strategies.

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Doing Research In An Agile Fashion: A Retrospective

Tom Grant

Our first application of Agile principles to the research process, which occurred during our study of thought leadership in the tech industry, was a very Agile-esque journey into the unknown. We learned a great deal that applies to future applications of Agile Research Development, so here's my retrospective.

You Can Be Agile Up To The Boundaries Of What You Control
Ultimately, you control only part of the value stream. This maxim holds true wherever you apply Agile, and software developers learn this principle right away. You can be the most disciplined developer imaginable, never checking in code that doesn't work, always building in tests, and still be at the mercy of your own QA team. And even if the larger team, including testers, works in blissful harmony, someone needs to deploy the code on a live system. (Which is why dev ops is receiving a lot of attention from within the Agile community these days. See Jez Humble's recent book for a good example.)

If a stream is an appropriate metaphor for value creation and delivery, then this stream always takes many twists and turns, frequently encountering dams and obstructions. The success of Agile, therefore, depends to a great extent on eliminating these kinks, navigating around them, or learning to accept them as part of the value stream's trajectory. 

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Thought Leadership: Measuring Our Success

Tom Grant

Now that we've posted the outline for our study of thought leadership in the technology industry, it's a good time to take stock of our success so far. It's important to start the retrospection process, even if we're not completely done with the project yet, because we're using this study to pilot a different way of doing research. As we said in the document explaining this approach, Agile Research Development, we set the following goals (shown in order of priority):

  1. Ask the right questions.
  2. Enhance the quality of the answers.
  3. Maximize the voice of the customer.
  4. Make adjustments quickly.
  5. Be even more relevant to our clients.
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Thought Leadership: Outline Ready For Comments

Tom Grant

For those of you who have been following our thought leadership research project, we're now in the final stages of this project. I've posted the proposed outline here for your comments. If you're not familiar with this project, here's the development document that summarizes the topic, working hypothesis, and research method. Also worth reading is this blog post, which explains why we're using this piece of research to pilot an Agile, community-based approach.

Realistically, comments will have an impact on the final document if you post them by the end of the week. After that, I'll be writing the actual document.

Also worth mention: in drafting the outline, I realized that some of our earlier work on B2B evaluation, selection, and adoption is applicable here. Expect to see a cameo appearance from some of that interesting research in this document.

Thought Leadership Open House: You're Invited!

Tom Grant

As I said in my last blog post, we're looking for feedback on the questions we're asking about thought leadership in the technology industry. At the same time, we realized that it has been a while since we held an open house in Forrester's Foster City office. (If you're not aware, we did a few informal sessions for product managers and product marketers, to give people in that role an opportunity to talk amongst themselves about topics of interest, sprinkled with whatever useful information an analyst like myself can provide.) Suddenly, a spark leaped across the two neurons carrying these separate ideas.

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