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Understanding the Industrial Customer Journey Kerry Nedic Vice President, Marketing Communications Discrete & Industrial businesses at Emerson @knedic @knedic #CMWorld

Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

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Page 1: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

Understanding the Industrial Customer Journey

Kerry NedicVice President, Marketing Communications

Discrete & Industrial businesses at Emerson@knedic

@ k n e d i c • # C M W o r l d

Page 2: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

18,000 ACTIVE PATENTSWORLDWIDE IN 2018

2018 Emerson At-A-Glance

FOUNDED

1890HEADQUARTERS INST. LOUIS, MO

USA

WORLDWIDE

87,500EMPLOYEES

215MANUFACTURINGLOCATIONS

TWO BUSINESS PLATFORMS

AUTOMATION SOLUTIONS

COMMERCIAL & RESIDENTIAL SOLUTIONS

RECOGNITION

#1782018FORTUNE 500AMERICA’S LARGESTCORPORATIONS BY REVENUE

EMERSON EMPLOYEES HELD

$17.4BILLIONIN GLOBAL SALESFISCAL YEAR 2018

62YEARS

CONSECUTIVE YEARS OF INCREASED DIVIDENDS

NYSE:

EMR

Top 50 EmployersWOMEN ENGINEERS MAGAZINE

America’s Best EmployersFORBES MAGAZINE

INNOVATION

Page 3: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

A Little About What I Do…. And What I Hope You Take Away From Today

• The broad range of expectations of service and support from the industrial customer requires creative management of limited resources

• To be the most effective you’ve got to plan and change behaviors

• How to help the Sales Team understand the part they play in the digitally transforming customer journey

17Years with Emerson 60

Global Team

Members3Business Units

10Product Brands

8Marketing Leaders

12World Area

Leaders

17Sales

Leaders

9Categories of

Expertise

Page 4: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

This Should Be Easy, Right?

Sales and Marketing

Not Always Aligned

Marketing Viewed as a

Service

Even a GREAT

team can’t do it all

Pace of Change in Industrial

Business is slower

Page 5: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

What is the Dynamic? Generational Differences in Behaviors

Millennials Gen X BoomersCustomers

Seek information, solutions on their ownAvoid SalesCompany values are important

Focus on featuresEngage sales earlierRelies on Sales for insight and expertise

Rely on ExpertsProactively reach out to Sales at the beginning of the journey

Communicate electronicallyMore entrepreneurialDemand digital tools and robust digital content accessibility

Focused on FactsCommunicate via phone and emailMore self sufficientAdapt easily to digital tools, but appreciate traditional content

Prefer to communicate face to face, phoneFocused on relationshipsPrefer long form content, leave-behinds, printed collateral

Sales Team

Sources: snapapp.com/generationresearch; blog.symmetricsgroup.com

Page 6: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

Where is Everybody?

The touch points are EVERYWHERE!

Page 7: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

Changing the Game and Conversation With the Business

How it was/is: The future! (I hope):

Hey, we’re launching a

product!

I need a catalog page and a brochure!

Great! How can we help?

Sure…when do you need

it?

Ok, we have one in a few

months

The maintenance guys will really love this, it installs really

easily!

Who are we trying to reach? What's the best way to

show our value?

I think a video would be great for this, and we could

demo at that tradeshow!

Well, we launch next week, so…..

Let’s talk about your product

launches!

Page 8: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

GLOBAL DEPLOYMENT

“But I Still Want a Catalog”….Effective Content Planning

You Can Only Create So Much Content – Make It Go As Far As Possible

Analog Content Digital

In House? Outsource?

Publications – Print – Web – Digital Ads - Social - Tradeshows – Webinars - Email

Page 9: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

Our Imperative Is To Make it Easy For the Customer

Have to get consensus from multiple stakeholders

Source: Gartner – The New B2B Buying Journey

77%

B2B buyers state that their latest purchase was very complex or difficult

17%

Time spent meeting with

potential suppliers

Page 10: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

Buyer Enablement Allows Sales to Focus On High-Value Interactions

All Digital!

Configurators CAD Files

Product Selectors

Diagnostic Tools

Calculators

Technical Data Sheets

White Papers

Social MediaTechnology Pages

Videos

Case Studies

Page 11: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

It’s Also Got To Be Easy For the Sales Team

Foster Alignment Keep Them Informed

• Create a communications strategy and content plan that supports both marketing and sales

• Support their preferred tactics and relationship styles

• Understand what motivates them, how they are incentivized

• Latest and Greatest• What Customers Are Consuming• Where they can find what they need• Include them in Proactive planning

Show them the Data Give them the Tools

• What Content is Effective• Leads Generated• Deployment Tactics

• Sales Enablement Hubs• Frequent Communication• Templates and Options• On Demand Printing

Page 12: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

Wrapping It Up

Page 13: Understanding the Industrial Customer Journey · 18,000. active patents. worldwide in 2018. 2018 emerson at -a-glance. founded1890. headquarters in. st. louis, mo. usa. worldwide

Thank You!

[email protected]

@knedic