ArticleDefining growth marketing with Scott Vaughan, Integrate’s chief growth officer
With growth marketing being the #1 trend on this year’s 2021 Trend Tracker, this week’s episode features Scott Vaughan, chief growth officer at Integrate. Editor for B2B Marketing, David Rowlands, sat down with Scott to talk about what growth marketing is, what a chief growth officer does and how marketers can make growth central to what they do.
DR: You may or may not have seen our 2021 Trend Tracker. Essentially, this was a survey we conducted with hundreds of B2B marketers to see what core topics they’re focused on this year. Growth marketing, which was a completely new entry in this year’s Trend Tracker, was the number one focus area amongst both agency-side and client-side B2B marketers.
However, there seems to be a huge amount of debate around what growth marketing even is! As chief growth officer at Integrate, what is growth marketing to you, and why do you think it’s such a core focus area for marketers this year?
SV: I don’t think there is a business-to-business focused organisation on the planet who is not focused on growth in one fashion or another. Growth is a company-wide mission, requirement and responsibility. Ideally, all employees have this mindset. Marketing has taken more of a central role because of a change in the buying and selling process. In B2B, Gartner states that sales are only involved 7-9% of the initial purchase process. Buyers have also taken control of their purchase process and have gone digital first not engaging with companies until late in the process. This is where marketing has the opportunity to step in and step up.
The move to apply 'growth' in marketing is a clear mission to up level the thinking from marketing-driven demand, which can often equal generating leads or sales pipeline, to a more holistic view of driving revenue growth and company growth. For example, a growth executive thinks about: Which markets are the best to compete in? What are the right solutions required to compete? What is the optimal go to market strategy? Not just leads and pipeline.
In my role at Integrate, the opportunity for a growth executive was recognition by the CEO that we are driving a new category in a dynamic technology market. We needed to think about driving growth in new ways and faster to capitalise on market opportunity. For us, thinking beyond traditional 'demand generation' capabilities in marketing and sales are essential. Growth executives work across functions – marketing, sales, finance, product, customer success and alliances - to identify the right growth market segments, align products and solutions with markets you serve, to properly position your company and solutions to the right audiences and accounts, and to exploit market shifts and differentiation. With this in place, your organisation has a greater likelihood of sustained growth success and Marketing can more effectively and efficiently create demand for the company’s solutions.
12 April 2021 · Go-To-Market