Interview Highlights:
ABM History: Accenture and other pioneers; ITSMA’s initial work developing ABM methodology and practice in the early 2000s
ABM best practices: Common approaches among leading practitioners, including:
- End-to-end collaboration with sales
- Focus on the clients’ key initiatives and C-level priorities
- Multi-channel programs and campaigns, balancing digital and face-to-face
ABM accomplishments: Measuring success, including:
- Repositioning within the accounts, moving from vendor to partner status
- Land and expand, or just expand
- No more RFPs, move to sole-source
- Collaborative innovation for new solutions
Partnering with key accounts to accelerate business and digital transformation; working across the C-suite
The R&D of ABM:
- Doing the upfront work of really understanding the account, where they invest, and the buying committee and how they buy different types of solutions
- Conducting primary research with clients as well as with sales people and account teams
- Tailoring research to different levels of opportunity
Measuring ABM success:
- Focusing on the 3 R’s: Reputation, Relationships, and Revenue
- Emphasizing outcomes and business impact
ABM technology:
- Explosion of great new tools but reality of companies still building the basic martech foundation
- Build the foundation first: Account-based data, marketing automation, integration with sales
- Get the processes in place: Turning data into insight into action
- Orchestration and alignment
Future of ABM:
- Move to blended ABM strategies: ABM programs converging toward balanced approach with new and existing accounts with blended approaches for breadth and depth across different tiers of accounts
- ABM and B2B marketing overall integrating more fully into corporate strategy; ABM with key accounts as bridge toward strategic innovation and leadership