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ServiceNow CMO Michael Park on fusing B2B marketing with purpose: Video
Business Insider
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10/6/2023
ServiceNow CMO Michael Park explains why companies need to have purpose-driven marketing.
Category
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Tech
Transcript
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00:00
I think the whole adage of traditional B2B marketing changed post-COVID.
00:06
And I think that the starting lines were redrawn for what B2B marketing should be and can be in a post-COVID world.
00:16
In the old world, there was a very central motion.
00:19
It was very event and field driven about how you create a high touch motion.
00:24
When COVID hit, a lot of that went away because nobody was going to events.
00:29
So the opportunity to really rethink how do you bring the best of digital together,
00:33
how do you bring all these things together, and how do you bring it together in a way that really matters for people.
00:39
You've got to connect not just to the mind, but to the heart.
00:43
And you have to do that with a sense of purpose where you're connecting with your customer's customer
00:48
and how you help our customers help their customers.
00:53
And we just felt that doing so required us to really rethink marketing all up.
00:59
And that started with redefining our brand, which we redefined as The World Works with ServiceNow.
01:05
And we set that as a purpose of the company for how ServiceNow is going to help the world work better.
01:10
And it aligns the entire employee base to this purpose for the brand being the purpose and the purpose being the brand.
01:17
And it helps to have a great CEO who really understands that.
01:21
So as we drive that, that also becomes a rallying cry for how we create the movement with our customers and our partners.
01:28
Because we spend a lot of time thinking about what are we trying to do for them?
01:32
What are the outcomes that we can help with?
01:35
And how do we create conviction and purpose around those outcomes?
01:40
Not just around the facts and the features of the product,
01:43
but the emotional connection of what that outcome can actually create for the customer or the customer's customer.
01:50
So a great example of that would be the work we recently did with Gov.us and Goldman Sachs
01:55
around helping displaced folks out of the war get placed into the U.S.
02:00
People would say, "Well, ServiceNow is a software company, a SaaS company. What did that have to do with anything?"
02:05
Well, we saw a need. We worked with Goldman Sachs.
02:08
We put the technology in place.
02:10
And we helped a public sector entity help others place using our technology.
02:16
And that story just felt great.
02:18
It delivered tangible results to people in need.
02:20
It helped people feel a greater purpose.
02:23
And it tied to our brand values.
02:25
The whole story ties in the interest of keeping ServiceNow focused in how we help our customers help the world work better.
02:33
And I think those kinds of values matter.
02:35
People are more purpose-driven than they've ever been before.
02:38
And creating the common bond of the purpose will also help customers want to do business with ServiceNow.
02:45
because the value match just helps align interests.
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