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C-suite

Facebook beats LinkedIn as content king for senior execs…

B2B content marketing agency, Grist has confirmed Facebook to be the ‘go to’ social platform for C-suite executives to seek business advice.

As a result of its new The Value of B2B Thought Leadership Survey – presenting the findings from more than 200 interviews conducted at FTSE 350 companies – Facebook was cited as the most popular social platform for senior executives to engage with business content (79 per cent), followed by Twitter (73 per cent) and LinkedIn (68 per cent).

Regards thought leadership, 84 per cent believe this plays an important part in adding value to their role. Meanwhile, two-thirds search for thought leadership particularly on a Monday and believe it fails to make an impact when it’s too generic (63 per cent); lacks original ideas (58 per cent); or doesn’t address the reader’s needs (53 per cent).

Andrew Rogerson, founder and managing director at Grist said: “This research is great news if you are in control of your firm’s marketing and communications programme. The C-suite clearly values thought leadership and is happy to receive it from advisers.

“However, we can also see that much of this content is below par. The C-suite is a sophisticated and demanding audience, and will not respond to rehashed marketing material. Instead, thought leadership must provide a return on investment (ROI), both for the firms that invest the money to produce it and the senior executives that invest time in reading it.

“Consider, too, that Facebook matters in business-to-business communications. The marketing department, content teams and agencies need to deal with the consequences of this and devise a compelling editorial plan that includes a wide range of channels and different perspectives.”

Format was also discussed, as 800-word articles (63 per cent) and 300-500-word blog posts are preferable to longer content pieces.

Access the full survey here

CMOs ‘first in firing line’ if company targets are not met…

The annual The C-level Disruptive Growth Opportunity’ online research report from Accenture Strategy analysing the attitudes of 535 CEOs and 847 CMOs from organisations around the world has determined that, although an estimated five ‘C-level executives’ are usually held responsible for driving disruptive business growth, the majority (37 per cent) will place CMOs first in the firing line if growth targets are not met.

The results found that CEOs depict CMOs to be the ‘primary driver’ of disruptive growth (50 per cent), closely followed by chief strategy officers (49 per cent), and chief sales officers (38 per cent). The majority of CMOs (96 per cent) also recognise the importance of disruptive growth to revenue potential, and an additional 75 per cent believe they have a great deal of control over the disruptive growth levers in their company.

Senior managing director leading Advanced Customer Strategy at Accenture, Robert Wollan commented: “Organisations that rely on ‘growth by committee’ struggle to achieve their targets. It breeds a C-suite culture where everyone is responsible, yet no one is accountable – and onus unduly falls onto someone, usually the CMO.

“CMOs can take a greater role by actively driving the disruptive growth agenda and generating new value for the business. Such initiatives include developing ecosystems with non-traditional players, launching platforms that elevate current products into expanded service models for customers, and increasing revenue through next generation connected data monetisation – all of which CMOs are well positioned to do.”

The report did, however, acknowledge that many CMOs are not currently in a position to drive disruptive growth due to time and mind-set. Only 30 per cent of believe they are cutting-edge marketing innovators, and 37 per cent of their time is spent on innovation. Furthermore, 60 per cent claim to spend the majority of their time on ‘traditional marketing initiatives’, such as improving customer experience and maintaining brand image.

While evidently important, 54 per cent state a large portion of their marketing budget is being wasted and not delivering the results the business expects.
Download the full report here