Wednesday, 6 September 2023

Navigating the Performance Paradox

Navigating the Performance Paradox written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Eduardo Briceño

Eduardo Briceño, a guest on the Duct Tape Marketing PodcastIn this episode of the Duct Tape Marketing Podcast, I interview Eduardo Briceño. He is a global keynote speaker and facilitator who guides many of the world’s leading companies in developing cultures of learning and high performance. Earlier in his career, he was the co-founder and CEO of Mindset Works, the first company to offer growth mindset development services. 

His new book, The Performance Paradox: Turning the Power of Mindset into Action, helps you discover how to balance learning and performing to bolster personal and team success.

 

Key Takeaway:

The performance paradox is based on the constant focus on performing tasks at a high level which can lead to burnout and stagnation rather than improvement. Eduardo highlights the importance of incorporating learning and improvement into daily tasks and goals and he explores the concept of the “learning zone” and the need to balance performance with deliberate efforts to experiment, seek feedback, and continuously grow.

Questions I ask Eduardo Briceño:

  • [01:08] What is the paradox?
  • [01:37] So the paradox is that instead of people getting better, they actually burn out or perform worse?
  • [04:22] You’re suggesting something that’s very structured, right? Is that really the only way to get things done?
  • [06:38] What you’re suggesting is that we can actually empower people to make leadership-type decisions, right?
  • [07:52] The book is broken up into two major sections targeting the individual as well as the organization. One of the tools that you talk about for the individual is the idea of a growth propeller. Can you explain that?
  • [10:48] If you work at a place and you like the place you work at, but your coworker community is not necessarily driving you to meet your goals in the learning capacity. Is that something you should proactively be thinking about building?
  • [12:27] How do I create a learning organization? What are some of the things that an organization can do, especially if they haven’t been seeing themselves as such?
  • [14:29] Should we add learning goals as part of how we would evaluate the effectiveness of a team member?
  • [16:22] What are the characteristics that you think really have to exist for this to work?
  • [18:32] Have you seen incentive packages and recruiting approaches that really are rewarding that growth mentality?

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John Jantsch (00:00): Hey, this is John, and before we get started, I have a gift for you for being such an amazing listener. Everyone's talking about AI these days, but most of it's about tactics. We've created a series of prompts we use to create strategy, and you can have them for free. Just go to DTM world slash free prompts and grab yours. Now. Let's get started.

(00:30): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Eduardo Briceño. He's a global keynote speaker and facilitator who guides many of the world's leading companies in developing cultures of learning and high performance. Earlier in his career, he was a co-founder and CEO of Mindset works, the first company to offer growth mindset development services. We're going to talk about his new book, the Performance Paradox: Turning The Power of Mindset into Action. So Edar, welcome to the show.

Eduardo Briceño (01:04): Thank you, John. Thanks for having me here.

John Jantsch (01:06): You bet. So let's start with the title. What is the paradox?

Eduardo Briceño (01:10): The performance paradox is the counterintuitive phenomenon that if we're always performing, our performance suffers. So we actually achieve lower results if we're only performing. And by performing, I mean focusing on doing things as best as we know how, trying to minimize mistakes, what we're doing come game time. That's what I mean by performing.

John Jantsch (01:37): So the paradox of that then is you're saying that's actually the counterintuitive thought is instead of just getting better and better, you actually have burnout or people they perform worse? Is that what you're saying?

Eduardo Briceño (01:48): Yeah, we can have burnout, but at the very least, like you're saying, we don't get better. So what happens is to understand the idea. If we take it out of our context, let's look at, for example, sports. If you take any sport, you're in the game. Say for example, you're playing tennis and you're in a championship, you're trying to win the game, you're having trouble with a particular move, you're going to avoid that move during that match because all you care about is winning and doing things as best as you know how. But then for the great athletes, the people who become fantastic at what they do after the game, they go to their coach and say, coach, I have to work on this thing. This thing that I wasn't doing during the game, I wasn't doing. Now I need to work on that. So that's a very different activity, an area of attention and focus than when we do, when we're performing and often in work and life, we just get wrapped up in our to-do list, just worried about getting things done, and that keeps us at our current level of effectiveness rather than finding opportunities to be more effective over time and achieve more.

John Jantsch (02:52): It's interesting, I've heard athletes talk about that, particularly athletes that have become entrepreneurs talk about this idea that I only play once a week. I'm only on game time once a week. The rest of the time I'm working on stuff, I'm practicing. Entrepreneurs are like, it's 24 7, I'm a game time, and it really does make a lot of sense.

Eduardo Briceño (03:12): And so well with athletes, they have kind of the privilege that they can spend a lot of time in practice focused only on performance and then that short amount of time where they're performing or focused only on improvement most of the time, and then that short amount of time where they're in game time, they can show us what they have learned, how good they are in our normal jobs and life, we need to be getting things done all the time or most of the time. So the opportunity for most of us is to get things done in a way that's also going to lead to improvement. So that we have two goals as we do things. One is to get things done, but the other one is to figure out ways to do things better. So that means we have to not be doing the same thing in the same way every day, but we have to be trying new things, experimenting, listening to your podcast to get ideas about what to do differently, reading, soliciting feedback from customers or measuring what we do in terms of marketing to see what works better, doing AP tests all the time.

(04:12): So those are examples of how we can get things done in a way that's also going to lead to improvement.

John Jantsch (04:19): When I listen to you talk about that, I mean that you're really suggesting something that's very structured. I mean, this is not like nap time would be right? It's like every day at two o'clock we should have nap time, or every day at two o'clock we should have learning time. I mean, is that really the only way it's going to get done? There's always more to do in the performance category, right?

Eduardo Briceño (04:40): Yeah. So structures are so powerful and habits, I agree. So for example, a structure that a lot of teams have is a weekly meeting. And so at LinkedIn for example, they have a weekly meeting with their top 100 leaders, and when they started focusing on growth mindset and on improvement, what they did is they tweaked the agenda for the weekly meeting where there's a section of that meeting where every week they talk about what somebody learned the prior week during that time, anybody is welcome to come and say, Hey, this is what I learned, this is what I'm going to do differently going forward. So their colleagues can benefit from that lesson as well. Or when we're doing marketing, making sure we have ways to measure the effect of the different campaigns to see what works better and continuing to iterate from there. Absolutely, the structures and habits are critical or individually what we do every morning. And for me, being deliberate about what I'm trying to get better at and reminding myself of what that is every morning, the morning habit becomes effortless. I do it every morning, but then it prompts me to be looking for opportunities to improve in that area throughout the day.

John Jantsch (05:47): So you actually identify a couple zones when people are in their performance zone as when they're in their learning zone and learning's not just simply reading a book, is it?

Eduardo Briceño (05:57): No, absolutely. So I mean, it can be right? Learning can be reading a book or watching something or listening to something, but learning can also be integrated with performance. So there's the learning zone, the performance zone, and then there's, when we do the two together, often people have talked about that as learning by doing, but the reality is we don't just learn by doing. If we just do something, it doesn't actually lead to learning to, but we can learn while doing so that we can do things and get things done in a way that we're going to be generating ideas, trying new things, measuring what works better and getting better over time as we get things done.

John Jantsch (06:36): So again, thinking about this structure, would you suggest that people actually need to identify, I don't know if we call it zones, but time for learning and then further that, I mean, sometimes learning by doing means you have to be really bad at something or less productive maybe to find it a better way. So we also have to have permission for that. We

Eduardo Briceño (06:58): Absolutely, when the stakes are high and mistakes are very costly, we switch to our performance zone and that is appropriate and that we need to be doing that when the stakes are high, when there's a very important customer that we're meeting with or it's a championship game, we want to be putting our best foot forward. So to your point, we want to identify what does my performance zone look like? When is that and when do I want to not focus on learning and when and how do I want to focus on learning? What strategies am I going to use? Who is going to help me learn? Well, who am I going to be soliciting feedback from and being deliberate about that and aligning with our colleagues on that. Because if you're going into a meeting with a customer and you're not clear on, are we just going to be performing, putting our best foot forward doing what works, which is appropriate sometimes, or are we going to be experimenting in a small way here and just getting on the same page, right? Yeah.

John Jantsch (07:50): Yeah. So the book is broken up into two major sections, targeting the individual as well as then the organization, because those two, especially in the workplace, those two are going to go hand in hand how successful the individual is. Might have something to do with how open the company is to this idea. But one of the tools, I'm a consultant as well, so I love a good metaphor and framework. One of the tools that you talk about for the individual is this idea of a growth propeller. I wonder if you could kind of unpack that one.

Eduardo Briceño (08:19): Yeah. So the growth propeller is something that helps us think about how we want to continue to evolve ourselves to be great learners and great performers, and really it can help us think about how we want to shape ourselves to be successful in any area of our lives. And so at the picture propeller with three blades at the center of it, we have our identity and our purpose. And the three blades are beliefs, habits, and community. So when it comes to our identity, it's really important for us to see ourselves as a learner, as someone who is continuing to change. And over time, sometimes we want to think of ourselves as naturals, like we are gifted and we have something special around us, and that's why we can do things very well. And then that doesn't lead us to continue to want to learn and get even better over time.

(09:09): And when we struggle, we take that as evidence that we're not good, and so we go do something else. So our identity of being a learner and continuing to change over time, we need a purpose, a reason that we care about for both putting effort into learning and effort into performing. So that's like we can be tinkering with things that we care about, thinking about the contribution and the effect that we have on our colleagues and our customers so that it gives us a purpose, like the energy to put effort into both zones. And then I unpack some kind of key beliefs, habits, and aspects of our community that help us be more effective in both of those zones. For example, belief about transparency is really important. When we make our thinking visible to other people, then we can learn more because they can give us feedback on our thinking and they can learn more because we're making our thinking visible to them.

(10:02): So that's an example of a belief. What do we think about transparency and how do we use it in our lives in terms of habits, how we respond to mistakes is what I call a responsive habit, but how do we practically drive our growth and what are some proactive habits or something to think about? And our community is super important, the people around us, because the people around us, whether they see themselves as learners, whether they act like learners with us and in collaboration with us, that affects us a lot. So who are we working with and living with and how are we continuing to shape ourselves? And the way that we collaborate with each other is something to think about as well.

John Jantsch (10:42): So further on the community aspect, it feels a little bit like you're saying. I mean if you work at a place and you like the place you work at, but your coworker community is not necessarily going to drive you to meet your goals in the learning capacity, I mean, is that something you should proactively be thinking about building who can I, even if it's networking or mentors or something, who can I surround myself with? Not necessarily just my coworkers?

Eduardo Briceño (11:09): Absolutely. Yeah, we can think about what can I most influence or control or influence. So the thing that I can most control and influence is myself. So how do I perceive things? How do I behave? And then there's the people who are close to us and we can try to influence them. We can try to share an idea or a video or an article with them and say, Hey, this resonated with me. What do you think about this? Do we want more of this in our team? And see if you can continue to shape the culture of your team in the way that you want. Sometimes teams will respond to that, sometimes they won't. And we can work on continuing to get better in our ability to influence others. But to your point, we can look also beyond our team, whether it is our friends or other people in other departments or mentors, and get those relationships that will support us and help us learn and grow over time.

John Jantsch (12:03): Like book clubs, we have a Slack channel that people are constantly dropping in, Hey, here's something I read, I think everybody would be really interested in. So those little things can actually, I've seen them have impact on the culture.

Eduardo Briceño (12:15): Absolutely.

John Jantsch (12:17): Alright, so the second half you talk about this idea of a learning organization. So I'm going to ask you a question that would probably take you 20 minutes to answer, but I guess the short form, I mean, how do I create a learning organization? What are some of the things an organization can do, especially if they haven't been seeing themselves as such?

Eduardo Briceño (12:37): So one is to start exploring these ideas and thinking about are we a know-it-all organization that values people who behave like know-it-alls or the people who are most respected in a team, people who are sure that they have the right answer, or are they people who might know a lot, but they're continuing to expand their understanding, they're asking questions, they're soliciting other people's ideas and exploring really, what do we think about this idea of continuous growth and Olympic athletes continue to work even to get even better, even though they're the best in the world? Do we want that type of culture? So the intention, do we want to create a learning organization? What does that mean? And then depending on where you are in the organization, your next steps might be different. If you're an executive, you might want to think about your executive team and talk about with the executive team, what are your core values that maybe you want to refresh?

(13:35): How do you give guidance to the organization on what key behaviors those core values entail? Maybe soliciting some feedback from the organization in terms of what are the strengths of the organization and here's what we're thinking. What do you think about this? We love your feedback, but even if we're in the middle of an organization or in the bottom of an organization, we're just starting out our careers. We can influence our circle, like our team, even within an organization that might be call it a know-it-all organization, there are teams that can be great learning teams, and the culture really is a culture with the people that we have the closest relationships with. So we can create those islands of excellence and of deep relationships and collaboration, even if we work in an organization that has whatever culture,

John Jantsch (14:20): So many organizations pay is based on performance evaluation. Are you suggesting that we should add learning goals as part of how we would evaluate the effectiveness of a team member?

Eduardo Briceño (14:35): Well, so there's the performance evaluation and it is completely reasonable to have bonuses and performance be based on performance and on outcomes. But we see over and over across organizations and industries that the people who figure out systems and habits to make the learning zone part of their everyday life perform better. So those people achieve higher performance, they achieve higher bonuses because they figure out ways to engage in the learning zone on a daily basis. And so in performance management, it's an opportunity to have people reflect not only on their performance goals, but also on their learning goals. What do I want to get better at? How am I going to go about it? Who might help me along the way? What resources can I tap and think about, okay, for the last quarter or the last six months, I said I was going to get better at X in these ways. How did that go? Did I actually get better? Is that actually making an impact? And if we share those learning goals with our colleagues, our teams, then that can be very powerful because they can give us feedback that's relevant to that thing that we're interested in along the way.

John Jantsch (15:45): What have you seen, what characteristics or traits do you find an organization is either really is abundantly clear that they have those and so they can adopt this? Or the backwards way to ask that is what traits are missing in organizations that try to do this? Because for example, anytime somebody comes and says, oh, here's our new initiative, we're going to do X, but there's no trust because you've said that a hundred times and we've never done X. It's pretty tough. So I asked you a question and then I sort of answered it probably, but I'll tee that up. What are the characteristics you think really have to exist? A learning

Eduardo Briceño (16:24): Organization? People feel that continuous growth is a default, that the organization believes that they can continue to grow and expand their skills and develop throughout the organization. And that there's resources for them, right? There's resources for them to grow, whether it's mentorship or through some organizations might have even role playing or simulation rooms or all kinds of different structures. And so part of that is, and you alluded to this, is that people feel safe to take risks, to try new things, to solicit feedback, to say, Hey, I am not sure that meeting went great. I'm not feeling great about it. I would love your ideas about what I could do better next time. Or in this particular meeting, I'm going to be working on this specific thing. I would love for you to look for that so that after a meeting you can give me feedback on it or I can give you feedback if I saw something that I thought would be an opportunity for greater impact. So where people can have open and honest, transparent conversations, feeling that's bringing them closer together, getting to know each other better, and they're contributing to each other's learning and performance.

John Jantsch (17:36): I suspect there are organizations that the culture is such that people would see that actually as a weakness to be asking for help, to be saying, oh, I want to learn this new thing, or maybe this job, my zone of genius, I'd like to work on this because I'd like to go here. I mean, that takes a level of trust and transparency that maybe doesn't exist in a lot of organizations.

Eduardo Briceño (17:59): Yeah, I agree. I think it doesn't exist in a lot of organizations, so we have to build that trust. And what we're saying is not that people are not competent, and so they need to spend more time learning in these organizations. People are very competent, but they want to get even better. So when we're hiring somebody, for example, we don't want to hire somebody who has learned the skills that are needed for the job. And even the better, the skills are better, but then we want to grow from there. We want to go from good to great, from great to greater.

John Jantsch (18:32): Yeah. Have you seen incentive packages and recruiting approaches that really are rewarding that growth mentality?

Eduardo Briceño (18:39): Yeah. So first there's, in recruiting, there's the employer brand. When you communicate with the candidates, do you communicate that this is a company that really will support your growth? And once people who want to work hard and continuing to develop themselves in collaboration with others. So there's that kind of employer branding. Then there's the onboarding of how do you onboard people and teach them how do we learn in this organization? What resources, habits, and structures do we have to learn? And also using that as an opportunity to get these people with fresh eyes to give you feedback on what they see because we can learn so much from these new people who are just seeing things with fresh eyes. And then in terms of compensation, when we tie monetary rewards to learning, there can be some unintended consequences. So it's better actually to elevate the purpose of the work and the satisfaction that comes from growth and from the higher performance from growth and leave the compensation tied to actually the performance and the results.

John Jantsch (19:46): Yeah, I've actually seen some people kind of gamify it where it might not be compensation, but it'll be some sort of perks from the company store or something like that, really just to kind of keep it fresh and gamify a little.

Eduardo Briceño (20:00): Totally. One of the companies that I mentioned in the book, many companies, it's named Clear Choice Dental Implants, and they have some awesome games where people learn with each other through games. They have gamified their learning pathways in the organization. So that, for example, if you are in the middle of a learning progression to continue progressing, you have to help somebody who is earlier in their progression, maybe by giving them feedback or observing them and giving them feedback or something like that. So yeah, those gamifications can be really fun.

John Jantsch (20:33): Awesome. Well, Eduardo, are you want to, again, appreciate you stopping by the Duct Tape Marketing Podcast. You want to tell people where they can connect with you and obviously find out more about the Performance paradox?

Eduardo Briceño (20:43): Sure. So my website is briceno.com. It's my last name.com. I have a monthly newsletter. I am active on LinkedIn, and the book is available wherever books are sold. It's the performance Paradox, turning the power of mindset into action. Thanks again, John, for having me today.

John Jantsch (20:59): I appreciate you taking the time, and hopefully we'll run into you one of these days out there on the road in real life.

Eduardo Briceño (21:04): I look forward to it.



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Why Innovation Reigns Supreme in 2023 B2B Marketing

Complacency has never been an option in B2B marketing. The products we sell are highly complex, the clients we sell to are highly exacting, our buying cycle is (much) longer, there are fewer customers to go around, and our competition is fierce.

Getting ahead in B2B marketing has always been about innovating faster at scale than everyone else. But in 2023, that kind of innovation isn’t just necessary for standing apart. It’s table stakes for merely keeping up!

2023 has created something of a perfect storm for B2B marketing. We’re facing a recession, budgets are down, customer expectations are up, and, on top of it all, radical new AI applications are changing the way marketing works forever.

As the stakes continue to rise, the B2B marketers who prove up to the challenge will be the ones who are able to transform these challenges into opportunities through innovation.


“As the stakes continue to rise, the B2B marketers who prove up to the challenge will be the ones who are able to transform these challenges into opportunities through innovation.” — Harry Mackin of @TopRank
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Of course, in order to do that, we’ll have to acknowledge and confront those challenges head on. Here are four reasons why B2B marketers will have to innovate to survive in 2023 – along with some analysis on how to turn these challenges into great opportunities to innovate.

1 — Budgets are tightening, but expectations are up

According to over 400 North American and European CMOs surveyed in the latest marketing budget report from Gartner, marketing budgets have still yet to recover from the COVID pandemic. In fact, as the unstable economic climate continues, marketing budgets seem to be caught in the crosshairs once more.

Gains reported by CMOs surveyed in the 2022 Gartner report have slipped from 9.5% of company revenue on average down to 9.1% in 2023. The situation is getting dire enough that over 70% of Gartner’s respondents reported that their enterprise lacked sufficient budget or resources to fully deliver on their 2023 marketing strategy.

But then, when the economy slows and company revenue streams constrict, marketing becomes more important than ever… budget or no budget. Most CMOs surveyed by Gartner in 2023 also reported that their enterprises are counting on them more than ever, with three out of four going so far as to say their c-suite is asking them to “do more with less.”


“When the economy slows and company revenue streams constrict, marketing becomes more important than ever… budget or no budget.” — Harry Mackin of @TopRank
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What does “doing more with less come down to?” Innovation as a necessity. Nearly nine out of ten (86%) of surveyed CMOs reported that they’re under pressure to “make significant changes to how marketing works” in order to achieve sustainable results during difficult times.

  • The opportunity: Granted, this sounds like a pretty dire situation. But as Einstein once said, “within every crisis, lies great opportunity.” B2B marketers who are capable of threading this needle and providing innovative, sustainable marketing solutions that elevate their organization despite budget cuts will find themselves winning prestige and authority within their enterprise like never before.

If you can save the day today, you’ll be rightly treated as a hero tomorrow. And the other challenges you’re facing right now may provide your way to do that.

2 — B2B buyers are more willing to switch suppliers

According to Wunderman Thompson’s B2B Future Shopper Report 2023, B2B buyers are roundly reassessing their relationships to their current suppliers.

Sixty-two percent of global B2B buyers told Wunderman Thompson that the rising costs of inflation and cost-of-living crisis made them more inclined to switch suppliers than they have been in previous years. Four out of ten of these buyers even switched suppliers in the last 12 months in order to look for better deals or more innovative solutions.

This shift in the relationship between suppliers and B2B buyers may even be a permanent consequence of the pandemic and the new state of customer relations it brought about. Almost six out of ten (57%) of the buyers Wunderman Thompson surveyed for their report admitted that they felt “less loyal” to B2B sellers than they did pre-pandemic.

As the economy continues to slow, B2B marketers aren’t the only ones who are feeling the sting. B2B buyers need innovative solutions to keep up and get ahead, too, and, according to the research, they’re more willing to look to new sources for these solutions than ever.

  • The opportunity: Clearly, B2B buyers are primed to appreciate your marketing innovations. In fact, they’re counting on them. B2B marketers who manage to make the case for why their products and services are what B2B buyers need right now will be able to snag market share rapidly in 2023, as more and more B2B buyers reassess old relationships in favor of more exciting, new solutions.

B2B marketers who manage to make the case for why their products and services are what B2B buyers need right now will be able to snag market share rapidly in 2023.” — Harry Mackin of @TopRank
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As for what kind of innovation these B2B buyers are looking for, specifically:

3 — B2B buyers expect more personalization than ever

Gitnux recently released a large-scale report on B2B Personalization Statistics and Trends in 2023. The report reveals a great deal about what today’s B2B buyers have come to expect from their suppliers.

Namely, it showed that 80% of buyers expect the same buying experience as B2C customers. Despite the complexity of the products and services and longer sales cycle, B2B buyers want to experience the same kind of personal attention to customer service that a B2C customer, say, buying a pair of shoes might. In fact, 77% of B2B buyers even said they wouldn’t make a purchase at all without this kind of personalized approach.

Gitnux statistic image

These buyers also feel that today’s B2B suppliers are dropping the ball when it comes to this personalization. As many as 65% of B2B buyers feel vendors aren’t demonstrating an adequate understanding of their needs during the marketing and sales process, and only 25% of B2B customers feel their expectations for personalized experiences are being met.

Meanwhile, the few B2B companies that are meeting personalization expectations are quickly establishing themselves as the vendors-to-beat. Across industries, personalization has been proven to lead to up to a 20% increase in B2B user engagement. B2B buyers aren’t just demanding more personalized treatment; they’re putting their money where their mouth is.


B2B buyers aren’t just demanding more personalized treatment; they’re putting their money where their mouth is.” — Harry Mackin of @TopRank
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The opportunity: Personalization seems to be the key to enticing B2B buyers away from their existing vendors and winning new market share rapidly. Buyers across industries will be paying special attention to the personalization options you offer, and if you can offer the best they find, they’ll seek you out.

4 — The tools are changing

You probably don’t need to be reminded that everyone’s thinking about generative AI and ChatGPT right now. According to Forrester’s 2023 budget planning survey, 86% of U.S. technology decision-makers in data-related functions anticipate that their organization’s investment in AI capabilities will increase over the next 12 months.

Advancements in AI-related marketing technology are making such an impact that Forrester itself recommends “experimenting aggressively with more advanced AI capabilities” in 2023 and 2024. Any marketing team who fails to make the most of the AI revolution unfolding around us every day will quickly find themselves surpassed by more ambitious and aggressive rivals.

The opportunity: One of the main ways Generative AI and ChatGPT technologies can be helpful in marketing is by saving your team time. Automating easy and primarily-logistical tasks using AI will help you create more time to focus on the kind of initiatives that need humans at the helm: initiatives like offering robust new personalization, for example.


Automating easy and primarily-logistical tasks using AI will help you create more time to focus on the kind of initiatives that need humans at the helm: initiatives like offering robust new personalization.” — Harry Mackin of @TopRank
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AI isn’t an end-all be-all for B2B marketing in itself, but it is a powerful tool that can help you focus more of your time on innovating than ever. Make the most of it.

2023 might sound like a rather intimidating time to be a B2B marketer, but we prefer to see it as exciting. Every challenge requiring an innovative approach is also an opportunity to make our marketing better than ever. If you’d like to innovate along with us, get in touch with the TopRank Marketing team today. Let’s find the future of marketing together.

The post Why Innovation Reigns Supreme in 2023 B2B Marketing appeared first on B2B Marketing Blog - TopRank®.



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Monday, 4 September 2023

Elevate B2B Marketing News Weekly Roundup: Google’s New Enterprise AI & The Rising Importance of B2B Upskilling

Nearly $964B Ad Spend Forecast, 5 Companies To Have A Major Impact
Worldwide advertising spending is expected to expand by some 4.4 percent during 2023, reaching $963.5 billion, with an addition 8.2 percent expansion in 2024 that would see spending topping the $1 trillion mark, according to newly-published forecast data. MediaPost

Attention metrics are the next frontier of digital ad measurement
36 percent of U.S. advertising buyers have said that they plan to increase their focus on attention metrics during 2023, as global viewability levels have continued to rise while the average amount of time that consumers spend viewing ads has decreased — three of several findings of interest to B2B marketers contained in recently-released survey data. Insider Intelligence

Google unveils enterprise AI tools, new AI chip
Search giant Google has made B2B firms a primary target of its newest AI initiatives, which feature an array of enterprise-scale technologies including custom-made AI hardware, tools for finding and watermarking AI-generated images, alongside updated security tools, Google recently announced . Reuters

Optimism is on the rise, but upskilling will be key to B2B marketers’ success
Demonstrating B2B marketing’s value has become increasingly critical, and skill-building has been seen as a key part of proving its worth, with problem solving and creative execution and strategy having come in as two of the top skills that B2B marketers require for success in 2023, according to newly-published report data. Fast Company


“It’s a good time for B2B leaders to reassess how they’ll drive revenue growth over the next few years, and map that back to the skills their teams need to succeed.” — @PenryPrice of @LinkedInMktg
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AI scores in the top percentile of creative thinking
When it comes to creative thinking, OpenAI’s ChatGPT generative AI technology has scored in the top one percent of tests submitted for the Torrance Tests of Creative Thinking (TTCT) alongside those from undergraduate students, according to recently-released report data of interest to B2B marketers. The Conversation U.S.

It’s Not About Personalization — It’s About Being Personal [Merkle Report]
62 percent of B2B buyers have said that advertising isn’t specific enough to be relevant to their organization, while during July 2023 B2B marketers increased their interest in intent marketing by 523 percent and in customer intent by 164 percent, compared to the prior three months, according to newly-published report findings. ANA

2023 September 1 statistics image

Anthropic To Launch Paid Plans For Access To Claude
Anthopic’s AI chatbot Claude has placed increased usage limits on free accounts, while also starting to offer new paid monthly account plans with subscriptions that begin at $50, Anthropic recently announced. Search Engine Journal

US creators opt for Instagram, despite Reels revenue concerns
Some 60 percent of U.S. social media users will use Meta’s Instagram platform during 2023, while a whopping 98 percent of creators have said that they will use Instagram, topping the list of sponsored content posting destinations, ahead of TikTok, Facebook, YouTube, and other platforms, according to newly-published survey results. Insider Intelligence

Marketers’ Biggest Concerns About AI [Report]
When it comes to questions about the use of AI, both marketing and communications professionals have said that they see lack of accuracy and misinformation as their top concern, with the legal uncertainties surrounding the technology also among top worries, while 82 percent of marketers pointed to AI as improving their team’s productivity — three of numerous findings of interest to B2B marketers contained in recently-published research data. MarketingProfs

Here’s What Millennials Say They Want from Brands
A leading 53 percent of U.S. millennials have said that they want brands to be reliable, with 43 percent of the demographic looking for those brands that are innovative and smart, and 42 percent pointing to brands that are authentic, according to newly-published survey data. MarketingCharts

ON THE LIGHTER SIDE:

2023 September 1 Marketoonist Comic

A lighthearted look at “Generative AI Adoption” by Marketoonist Tom Fishburne — Marketoonist

WordPress Announces 100-Year Domain Name Registrations — Search Engine Journal

Nostalgia Marketing: A Powerful Source of Emotion — ANA

TOPRANK MARKETING & CLIENTS IN THE NEWS:

  • TopRank Marketing — 12 B2B Marketing Blogs You Need To Read — Marketing Insider Group
  • Lee Odden — 10 Creative Content Ideas You’ll Want to Try Today, by Lee Odden — MarketingProfs

FRIDAY FIVE B2B MARKETING FAVORITES TO FOLLOW:

Hayden Goethe @HGoethe
Nancy Harhut @nharhut
Amy Higgins @amywhiggins
Allison Kapson @abrill
Meghan Keaney Anderson @meghkeaney

Learn more about TopRank Marketing‘s mission to help elevate the B2B marketing industry.

Have you found a top B2B marketing news item we haven’t yet covered? If so, please don’t hesitate to drop us a line in the comments below.

Thanks for taking the time to be with us for this week’s Elevate B2B Marketing News, and we hope you’ll return again next Friday for another selection of the most up-to-date and relevant B2B and digital marketing industry news. In the meantime, you can follow us on our LinkedIn page, or at @toprank on Twitter for even more timely daily news.

The post Elevate B2B Marketing News Weekly Roundup: Google’s New Enterprise AI & The Rising Importance of B2B Upskilling appeared first on B2B Marketing Blog - TopRank®.



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Saturday, 2 September 2023

Weekend Favs September 2

Weekend Favs September 2 written by Shawna Salinger read more at Duct Tape Marketing

My weekend blog post routine includes posting links to a handful of tools or great content I ran across during the week.

I don’t go into depth about the finds, but I encourage you to check them out if they sound interesting. The photo in the post is a favorite for the week from an online source or one I took on the road.

  • Opus  – A potent tool for anyone generating long-form video content in English and a few other languages. Built with advanced AI algorithms, this platform excels in turning your extensive video podcasts, educational materials, or commentaries into short, engaging clips primed for viral attention.
  • ElevenLabs – Turn your written words into spoken words. This tool is great for making voiceovers for videos, adding voices to video games, or even turning a book into an audiobook. The tool works well with longer pieces of text and can speak in many different languages. It’s like having a voice actor ready whenever you need one.
  • Glasp – An AI assistant for newsletter writers. Users can highlight text, make notes, and even train their own AI models for writing. The platform supports exporting to note-taking apps and facilitates community-based learning. 

These are my weekend favs; I would love to hear about some of yours – Tweet me @ducttape

If you want to check out more Weekend Favs you can find them here.



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Friday, 1 September 2023

B2B Marketers on the Move: Celebrating B2B Industry Rising Leadership

As the summer of 2023 marches ahead into autumn, so to do new opportunities, and as B2B marketers adjust to the changes this year has already brought — from the rise of AI tools to the increasing power of personalization, the industry continues to offer growth opportunities as well as unexpected shifts that often seem to happen so quickly they can be difficult to fully appreciate.

For over 22 years, TopRank Marketing has had the honor of helping a diverse selection of the world’s top B2B marketers and major global brands elevate beyond merely being competitive, to truly standing out from the crowd with creative and award-winning successes.

Throughout 2023 we’ve focused on elevating through intelligence, relevance, and the kinds of human touches that set brand messaging apart from the increasing reach of those touched solely by AI. In this spirit, over the past several years now we have regularly taken the time to honor and congratulate B2B marketing leaders who have recently seen career advancement.

B2B marketers taking on new leadership roles naturally seek out trusted resources that help professionals in new positions hit the ground running, and TopRank Marketing is honored to be a go-to B2B content and influencer marketing agency for so many top marketers in new leadership roles. As we push towards 2024, we continue to seek out B2B technology industry influencers advancing in their careers to partner with on compelling and unique content collaborations.

We extend our heartfelt soon-to-be autumn congratulations to each of the B2B marketing leaders featured in this eleventh edition of B2B Marketers on the Move, and extend our thanks for those who have shared insightful B2B marketing career advice.

B2B Marketers on the Move: Celebrating B2B Industry Rising Leadership

Alennah CurranAlennah Curran has been promoted to Enterprise Brand Creative Leader, Health Care Business Group, at 3M.

Balance advocating for your career aspirations and staying open to unexpected opportunities. Many of my best job experiences happened organically — and weren’t things I would have sought out myself. When you release yourself from a specific ‘career path,’ you invite the unknown to be full of positive possibilities.”

Alennah Curran

Lee EagleLee Eagle has taken a new position as Senior Account Executive, Strategic Accounts, at LinkedIn*.

I’ve found that finding a balance between having a sense of urgency and patience is paramount for career growth. A sense of urgency is critical to excel in your day to day that is in service to your team, your partners, your clients, etc. Patience is about gaining perspective, leveraging experience and relationships to compound your value and planting seeds in areas where you want to grow.”

Lee Eagle

Brooke OsmundsonBrooke Osmundson has been promoted to Director of Growth Marketing at Smith Micro Software, Inc.

B2B marketing notoriously gets a bad rap for being ‘boring’. It’s only boring if you allow it to be! Don’t be afraid to get creative and lean into the unknown. Whether you’re in a small B2B niche or large enterprise, you’ll walk out with advanced critical thinking skills, the ability to ask and answer ‘why’ like nobody’s business, and master the craft of tailoring your marketing message to a working team all the way to the c-suites.”

Brooke Osmundson

Hal WernerHal Werner has taken a new position as Senior Manager, Digital Optimization, at BMC Software.

Expectations are everything. Make them as clear as possible with everyone — vendors, bosses, employees, executives. It’s frequently the difference between viewing a person or initiative as a failure vs a top performer. Don’t let success hinge on unspoken assumptions.”

Hal Werner

Hal has been featured in our “Break Free B2B Series: Hal Werner on the Intersection of Marketing Creativity and Analytics,” “Livestream Marketing: 5 B2B Brands Elevating With LinkedIn Live,” and “10 Ways Trust Creates Standout B2B Marketing Experiences,” among others.

Mary HartMary Hart has been promoted to Senior Content Marketing Manager at Locus Robotics.

Never stop learning. With GenAI and other technologies, it’s important to stay on top of the trends, learn from the professionals, and know what technology to use and how to best use it. Also, always be kind.”

Mary Hart

Ben CookBen Cook has taken a new position as Senior Manager, Audience Management, at Yahoo.

Michelle BlondinMichelle Blondin has taken a new position as Director, Demand Generation, at Zoominfo.

It can often feel like we’re all being asked to build, ship, publish, or launch the next great program, experience or campaign to attract more demand. But before you dive into worrying about creating and capturing demand, take a look at if you’re even converting the existing demand you have. One of the first things I see having a huge impact in the first 30-60 days is a deep dive into the marketing to sales hand-off and finding all of the little pain points, opportunities, and technical snags that might make your conversion even just 1% better. Go a step further and talk to your customers, sit in on some sales calls, dissect everything you can down-funnel. And THEN you can go build your brilliant demand campaigns.”

Michelle Blondin

Joseph KingsburyJoseph Kingsbury has been promoted to Global Chair, Edelman Business Marketing, at Edelman.

Thought leadership can be very effective in the marketing and sales process – even more so than traditional advertising or product-oriented marketing. And, 50% of c-suite executives say that high-quality thought leadership has more impact during economic downturns than when times are good.”

Joseph Kingsbury

Clare CarrClare Carr has taken a new position as Vice President of Marketing at Gable.

B2B marketing is moving faster than ever, and there’s more access to the basics that used to be so time consuming. Now the winners will be separated by the ability of marketing teams to tell the story of true product impact.”

Clare Carr

Clare has been featured in our “Break Free B2B Series: Clare Carr on Using Data to Drive Content Marketing Success,” and “28 B2B Marketing Insights To Energize & Humanize Your 2021,” among others.

Justin KellerJustin Keller has been promoted to Senior Vice President of Marketing at Drift.

The AI powered future marketers have been waiting for finally came this year. Your customer expectations are higher than ever and, thankfully, AI has arrived just in time to help.”

Justin Keller

Justin was featured in our “50 Top B2B Marketing Influencers, Experts and Speakers To Follow In 2022.”

Anne LeumanAnne Leuman has been promoted to Senior Marketing Project Manager at VMware.

Know when to say ‘yes.’ While saying ‘no’ has incredible value, I’ve found in my career that saying ‘yes’ has led to more opportunities and advancement. By saying ‘yes,’ I’ve shown my willingness to help others, embrace change, and learn new skills.”

Anne Leuman

Anne is a TopRank Marketing alumni, and has been featured in our “Best of B2B Marketing: Get Inspired for 2021 with These Top 10 Content Marketing Posts,” among others.

Stephan HovnanianStephan Hovnanian has taken a new position as Senior Manager Professional Services at Sprout Social.

Word-of-mouth marketing continues to be one of the oldest and best channels for trust-building and influence. But activating tribes of employees, customers, or ‘micro-influencers’ to drive awareness about your company can be a challenge.”

Stephan Hovnanian

Stephan has been featured in our “50 B2B Marketing Influencers and Experts to Follow 2018.”

Ashley GuttusoAshley Guttuso has taken a new position as Product Marketing Manager at Prompt Therapy Solutions Inc.

My favorite part about onboarding at a new company? Discovering internal subject matter experts who say ‘Yes!’ with enthusiasm when marketing asks them to record a quick feature tour video.”

Ashley Guttuso

Lisa NakanoLisa Nakano has taken a new position as Vice President, Principal Analyst, at Forrester.

B2B marketers have evolved from generalists to highly specialized groups focused on distinct objectives. But how does this affect the customer experience? Demand, ABM and customer marketing teams using a lifecycle revenue marketing (LRM) approach can achieve growth and deliver connected experiences.”

Lisa Nakano

Lisa has been featured in our “12 Women in B2B Marketing Worth Celebrating This (and every) Month.”

Alexa RotmanAlexa Rotman has taken a new position as Senior Account Executive at Hootsuite.

Susan WenogradSusan Wenograd has taken a new position as Head of Marketing (Fractional) at Wynter.

‘What do you have no control over that gets in the way of doing your job better?’ This is something almost no company asks a marketer, but it would be such a productive conversation. B2B marketers at larger companies have limits: limited insights on what happens when things get passed to sales limited understanding of the revenue they generate limited ability to influence or affect things like the site they drive traffic to ….the list goes on. Those limits aren’t excuses. In fact, most marketers are dying for the c-suite to understand these limitations so they can be addressed interdepartmentally as a team. Too often, the left hand isn’t talking to the right.”

Susan Wenograd

Susan has been featured in our “Select Prepping for #Pubcon Pro Las Vegas 2018: 11 Presentations We’re Looking Forward to Most.”
Ashley VargasAshley Vargas has taken a new position as Product Marketing Manager, Industry Moments & Digital Programs at Google.

Time flies when you’re having fun. I started in January 2020, right before the pandemic. It was a challenging time in the world, but belonging to a place like Google gave me a real sense of community. Cheers to finding joy in your work.”

Ashley Vargas

Genefa MurphyGenefa Murphy has taken a new position as Chief Marketing Officer at Udemy.

With so much attention on the topic of inclusion and diversity it can be easy to think that the battle has been won, but there is still much work to do. If we want to ensure that I&D stays a board level initiative and that board level initiatives turn into positive actions and outcomes we have to be persistent and we have to continue to drive awareness and visibility in all that we do.”

Genefa Murphy

Dominika DodsonDominika Dodson has taken a new position as Digital Strategy Manager at Qualcomm.

Vish KhannaVish Khanna has taken a new position as Head of Marketing at Shelf.

The reality is that your goal as a marketer is to be the world’s best marketer for your company. And to do that means you’re going to have to create a lot of bespoke solutions.”

Vish Khanna

Jillian RyanJillian Ryan has taken a new position as Senior Manager, Content Marketing Strategy, at Intuit Mailchimp.

Remember it’s OK to take a break from work. Your career will actually thank you for it in the long run.”

Jillian Ryan

Chris HerringChris Herring has taken a new position as Director of Partnerships at Aptivio.

My encouragement goes out to everyone, regardless of your title, role, industry, or experience. Be the kind of person others would want to support and don’t hold back from getting behind peers you respect and trust. It’s needed far more than we realize. And it’s something money can’t buy.”

Chris Herring

Chris DavisChris Davis has taken a new position as Director, Growth Marketing, at Fleetio.

At the end of the day as marketers what we do is important for the businesses that we serve, but at the same time, I firmly believe that we can teach anyone how to be a marketer.”

Chris Davis

Kirsten Allegri WilliamsKirsten Allegri Williams has taken a new position as Chief Marketing Officer at Infor.

ChatGPT and generative AI present opportunities for role adaptation, not job extinction. Embracing these technologies demands the right mindset for individuals, teams, and organizations.”

Kirsten Allegri Williams

Kirsten has been featured in our “Inspired Marketing: Interview with Kirsten Allegri Williams,” “50 Influential Women in B2B Marketing Who Rocked in 2020,” and “Trust in Marketing: How to Build Influence with the C-Suite and on the Street with Customers,” among others.
Natalie Jenkins HouseNatalie Jenkins House has taken a new position as Senior Director, Content and Communications, at Weave.

People don’t want to be ‘sold’ they want to be educated, have problems solved, feel like they matter, feel creative and empowered, and to be entertained, surprised, and delighted.”

Natalie Jenkins House

Dana CórdovaDana Córdova has been promoted to Senior Director, Regional Marketing, Americas, at Brightcove.

Find something you’re good at, that people will pay you for, and become great at it.”

Dana Córdova

Daniel GlickmanDaniel Glickman has taken a new position as Senior Director, Product Marketing, at ActivTrak.

At this very moment, a new class of AI-powered tools is being developed to stay ahead of the curve by fostering a culture of adaptability and predictive planning. With the help of these tools embracing innovation and keeping a pulse on evolving technologies will empower our teams to excel and drive us toward operational excellence. A new area of adaptive operations management is upon us. Companies that won’t embrace it will lose out.”

Daniel Glickman

Sean CallahanSean Callahan has taken a new position as Director of Content Marketing at Innovid.

Deep sales is about putting in the work and the research to understand your prospects, long before outreach begins.”

Sean Callahan

Sean has been featured in our “In a Fast-Paced Digital World, B2B Marketers Can Benefit from Slowing Down” and “50 B2B Marketing Influencers and Experts to Follow 2018,” among others.

Cara PoseyCara Posey has taken a new position as Strategic Marketing Director at Ethos Connected.

People can be more authentic if they have an environment of trust and stability. They need to feel confident that if they show their flaws, they will still have their job. Relationships require give and take and it can be professional and contractual or based on trust and commitment. Building a strong company culture and fostering genuine relationships within teams are vital to the success of any organization.”

Cara Posey

Britt TeravainenBritt Teravainen has taken a new position as Vice President, Digital Marketing, at insightsoftware.

Want ROI during a recession? Keep your marketing team around and your media on. If you don’t your competitors will.”

Britt Teravainen

Jake RiceJake Rice has been promoted to Content Strategist & SEO Lead at Microsoft.

Melissa PulsMelissa Puls has been promoted to Chief Marketing Officer and Senior Vice President, Customer Success, at Ivanti.

Great leaders know how to leverage technology to drive innovation and growth. With the rise of #RemoteWork, technology has become even more crucial in enabling collaboration and communication across distances. As a leader, it’s your job to create a culture of innovation and technology that enables your team to achieve their full potential, no matter where they are.”

Melissa Puls

Rose BouléRose Boulé has been promoted to Director of Demand Generation at HireVue.

Alex DeckAlex Deck has been promoted to Director of Campaign Strategy at Workiva.

In marketing, you can have the best playbook, the best strategy and the best technology, but none of that matters if you don’t have the right players.”

Alex Deck

Monica GrantMonica Grant has taken a new position as Senior Portfolio Marketing Manager at Adobe.

Monica has been featured in our “Always On Influence: Costs Less and Better ROI – Here’s Why,” and “Four Ways to Optimize the Marketing Performance of a B2B Influencer Program.”

Suzanne DoughtySuzanne Doughty has taken a new position as Senior Social Media Channel and Content Strategist — Brand Go-to-Market Team, at VMware.

Think of any time you’ve been your best self at work – it’s always to meet a new challenge or solve an interesting problem. It’s all about stepping out of your comfort zone, in both big ways and small, and working towards a common goal, with both new and familiar people.”

Suzanne Doughty

Suzanne has been featured in our “50 Influential Women in Digital Marketing: North Stars & Rising Stars,” and “50 Influential Women in Digital Marketing,” among others.

Thanks To Each of These Rising Leaders For Helping Elevate B2B Marketing In 2023

We offer our thanks to each of the talented B2B marketing professionals we’ve featured here, who have all recently been promoted or taken on new industry positions. We’re certain that each of you will elevate with intelligence, relevance and a human touch, and reach new heights as we push ahead towards 2024.

You can find our previous edition of B2B Marketers on the Move here, and if you want to talk about how to make your own content spring to life this year, we’re ready to help.

*LinkedIn is a TopRank Marketing client.

Ready to elevate your B2B brand? Connect with our team to learn more today!

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