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From Cost to Revenue: The Transformation of Marketing at Nokia
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Bareld Meijering Head of Marketing Projects, Nokia Networks
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From Cost to Revenue: The Transformation of Marketing at Nokia
1.
1 © Nokia
Solutions and Networks 2015 From cost to revenue The transformation of marketing at Nokia September 22, 2015 Bareld Meijering Head of marketing projects Nokia Networks
2.
2 © Nokia
2015 Last month we sent a new whitepaper to 50.000 customer contacts globally. Click rate is below target. Marketing Manager “ ” Customer confidential
3.
3 © Nokia
2015 We had a fantastic event. Feedback score 4.8 out of max 5. Event project manager “ ”
4.
4 © Nokia
2015 Don’t talk to my customers Account Manager “ ”
5.
5 © Nokia
2015Internal only You share a lot of individual engagement channels statistics. What’s the point? Sales Manager “ ”
6.
6 © Nokia
2015 Will it make the boat go faster?
7.
7 © Nokia
2015 In the new digital economy we collect information from various sources. Key is face-to-face engagement, but more and more we use complementary digital channels to form an opinion even before we talk to vendors’ sales. CTO of key customer “ ” Listen to our customers
8.
8 © Nokia
2015 Transforming our B2B customer engagement What? Evaluate & optimize Define marketing and sales change journey Define strategic direction
9.
9 © Nokia
2015 Four key streams prepared the change journey How? Internal only Strategic planning Tools & tech Marketing execution Sales execution
10.
10 © Nokia
2015 Our vision We provide customer value and build stronger relationships by understanding customer needs.
11.
11 © Nokia
2015 Our vision We will provide our individual customer contacts the right information, at the right point in time in their buying cycle, tuned to their role in the organization. We provide customer value and build stronger relationships by understanding customer needs.
12.
12 © Nokia
2015 Strategic pillars to implement our vision Internal only People Processes Tools Customer
13.
13 © Nokia
2015 One team, one overall process marketing sales Buyer’s journey Continuous interlocks at different stages of the process Sales process Marketing process
14.
14 © Nokia
2015 Finding and nurturing customer contacts towards MQLs, Opportunities & Wins Lead qualification & link to Sales Funnel Tactical keep in touch channels Product life cycle program Product life cycle engagement programs
15.
15 © Nokia
2015 Overall visibility of customer behavior helps sales to win 19090 480 4510 57 106 397153 150 15 53 27 321 Name Job title Company John Smith Head of engineering Yellow Telecom Mary Carpenter CMO H2O Telecom Sweet spot for sales Event Engagement Newsletter Engagement Webinar Engagement networks.nokia.com Engagement 3191 Contacts engaged in channel(s)
16.
16 © Nokia
2015 Reporting to sales and marketing leaders Internal only Opportunities impact MQLs => Offer = x cases / x m€ MQLs => Win = x cases / x m€ MQL progression %MQL => SAL = x% %MQL => WIN = x%
17.
17 © Nokia
2015 Our guiding principles From To Representing the Company Finding Customers Representing the Customer Being Found Mission Mass Advertising Demographic 1:1 Communications Behavioral Customer Intelligence Point in Time Blasts Few/Isolated Channels Continuous Relationships Exploding/Integrated Channels & Devices Mechanics & Tactics Sales and Marketing Isolated Actions Intuitive Decision Making Aligned Customer Interaction Fact-based Decision Making Measurement and alignment
18.
18 © Nokia
2015 The ultimate station to go Transform marketing from cost center to revenue center
19.
Thank You!
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