Hello, and welcome to The Get.
Speaker:I'm your host, Erica Seidel.
Speaker:This season, we focus on the race to reduce risk when it comes to a
Speaker:match between a company and a CMO.
Speaker:How can you find out what you need to find out before saying yes so
Speaker:that you make a match that sticks?
Speaker:Today, we'll look at how someone's perspective changes as they go through
Speaker:the journey from first-time CMO to repeat CMO to a role like CEO or CRO.
Speaker:If you think about it, being in your, say, third or fourth CMO
Speaker:role is a bit like being a Sherpa.
Speaker:You've climbed a mountain before, but of course, each time you climb, the
Speaker:conditions are different, the weather is different, the precise path you
Speaker:take up that mountain is different, and the people you're with are different.
Speaker:So you can bring a mix of experience and fresh eyes to a new scale journey.
Speaker:But, with more of these scale journeys, you may get more cautious
Speaker:about which roles you say yes to.
Speaker:I have noticed that many CMOs who have served in the role multiple
Speaker:times are way more aware of risk before saying yes to that role.
Speaker:They can see around the corners.
Speaker:They can anticipate the challenges differently than people who have
Speaker:not been in the CMO seat before.
Speaker:Today, we'll talk about all of this with someone I know who
Speaker:will reflect on his journey.
Speaker:My guest is Norman Guadagno.
Speaker:He's been a CMO multiple times, most recently at Mimecast,
Speaker:and previously at Acoustic.
Speaker:Before that, he led marketing for Carbonite.
Speaker:He has been a CEO as well, leading Norbella in the media space.
Speaker:I'm looking forward to talking with Norman about a lot of things.
Speaker:What does a multi-time CMO have to share with their pre-CMO self?
Speaker:How has his perspective on risk changed over time when assessing roles?
Speaker:And what has he learned about a strong CMO and CEO dance?
Speaker:Let's go.
Speaker:Norman, welcome to the show.
Speaker:It's a pleasure to be here, Erica.
Speaker:I'm excited to talk.
Speaker:And I'm excited to take this journey up the mountain.
Speaker:Excellent.
Speaker:Excellent.
Speaker:Well, let's, let's climb this mountain.
Speaker:And I have to say that wasn't my take.
Speaker:I did a previous podcast episode with a woman named Christy Marble, former client
Speaker:of mine who had been CMO at Concur, and she came up with that model, the Sherpa
Speaker:thing, and I was like, this is brilliant.
Speaker:It's a, it's a great
Speaker:right, right?
Speaker:And You have, you've been in that Sherpa role.
Speaker:So I guess my first question for you is just given the current climate, I'm
Speaker:wondering, just let's kick off, like what advice would you give your pre-CMO self
Speaker:today as it relates to reducing risk?
Speaker:It's really a great question.
Speaker:And there's two things that I would keep in mind first off.
Speaker:As we go up that mountain, as we go through the room multiple times,
Speaker:of course we learn new things.
Speaker:But I also think the environment today is very different than it
Speaker:even was when I took my first marketing leadership role years ago.
Speaker:And you have to factor both of those things into the equation.
Speaker:So when I look back at what advice would I give myself, or frankly what advice
Speaker:would I give anyone right now, it's make sure there's a clear understanding of,
Speaker:not just what the role entails, what the expectations of marketing are going
Speaker:to be for the CEO and the board, and where the company is on its journey.
Speaker:Because the function of the CMO and the function of marketing changes
Speaker:fairly dramatically depending on where the company is in its journey.
Speaker:Those are a key set of inputs to the decision-making process.
Speaker:I would also caution myself, as if I could possibly caution myself, I would
Speaker:caution myself to not over index on the ability of the role and the department
Speaker:to make dramatic change quickly.
Speaker:I think younger me felt that, Oh, that's something I could turn around
Speaker:in a quarter or two quarters, or that's something I could implement in
Speaker:a few months and we could see results.
Speaker:It always seems to take longer for many, many different reasons,
Speaker:which I'm sure we could discuss.
Speaker:So I would give myself the gift of learning that things do take longer
Speaker:than you think they're going to
Speaker:Yeah.
Speaker:Yeah.
Speaker:We've talked previously on this podcast, perhaps you and I have talked about
Speaker:this one on one, but this paradox of a marketing leader is both a peacemaker
Speaker:and a changemaker at the same time.
Speaker:Yes.
Speaker:So you get hired into the role and it's like, Oh, well, we need
Speaker:you to make change, but do it our way, and so you're kind of caught
Speaker:between this rock and a hard place.
Speaker:I think that's interesting, even just on the change side that you think,
Speaker:like, oh, I can get this, this, this, that, and that done, but you've got
Speaker:to bring people along with you, and
Speaker:- You do and every culture is different too.
Speaker:So as you go from company to company, you want to make sure you understand, is
Speaker:it a culture that adapts well to change?
Speaker:By the way, everyone will say that they do, although some will be
Speaker:honest and say, ohh, maybe not.
Speaker:Maybe we don't adopt well to change.
Speaker:And there are cultures where it's difficult to get things done.
Speaker:For any number of reasons.
Speaker:And you have to factor that in.
Speaker:I have been fortunate that I've worked in a diverse set of cultures
Speaker:across many companies, and I've seen different ways in which things get done.
Speaker:Then you also see the reality of, it's not just you coming in as
Speaker:change maker, peacemaker, but it's most likely in many circumstances,
Speaker:particularly nowadays, that there is a lot of executive change taking place.
Speaker:As companies prime themselves for an exit event, there's often a
Speaker:complete change out in the C-Suite.
Speaker:After companies go private, there's often a complete change out in the C-Suite.
Speaker:After companies go public, there's often a complete change out.
Speaker:So each time, you're not just introducing one new piece, you're often introducing
Speaker:multiple new pieces simultaneously.
Speaker:And that puts risk into the equation.
Speaker:Because I recall even when I joined Mimecast, about six months after
Speaker:I joined, we hired a new CRO.
Speaker:Who turned out to be terrific and I was a great partner with.
Speaker:But I didn't know What I didn't know.
Speaker:I didn't know who that was going to be.
Speaker:I was fortunate enough to interview the candidates, but it could have
Speaker:gone in a number of different ways.
Speaker:So I got in the role and then all of a sudden, six months later, there's
Speaker:my number one counterpart, the CRO, and we work together really well,
Speaker:but may not have gone that way.
Speaker:That often happens in companies, that you're moving pieces in
Speaker:and out, and you're trying to find that elusive chemistry.
Speaker:You're trying to find that way that you can work together and it, you're
Speaker:trying to do it in real time with the pressure of quarterly results
Speaker:and driving the right numbers.
Speaker:It's a fascinating set of moving pieces.
Speaker:It's truly three dimensional chess.
Speaker:Yeah, it's like in, as marketers, we talk about A B testing or, A B C testing.
Speaker:And this is like A B C D E F G testing, you know?
Speaker:This, this is pure, multi-factor testing.
Speaker:Let's change everything, every day, and see what happens.
Speaker:Right.
Speaker:Exactly.
Speaker:So, do you think there is this arc of caution as you look
Speaker:at the arc of your career?
Speaker:Or maybe it's not just your career, but other careers.
Speaker:Cause in my mind, it seems early on in somebody's career, they're like,
Speaker:yay, I have a great new CMO role.
Speaker:And they might not do as much due diligence about it as they
Speaker:will for their second role.
Speaker:Second role they'll probably know that due diligence, third, fourth.
Speaker:Yeah, I would imagine like risk would, caution would kind of go up over time,
Speaker:at a certain point, because I have CMOs who will say, Oh, I just don't want to
Speaker:do this again after a certain point.
Speaker:And,
Speaker:have made that statement, I think, even to you.
Speaker:It's one we use to, I think, to calm ourselves.
Speaker:Oh, maybe.
Speaker:Yeah, right.
Speaker:Because people can still stick with it.
Speaker:Then people can get to this point of, actually, I'll say yes to
Speaker:anything, because I'm doing it fractionally, or I'm on the board,
Speaker:or, I'm an advisor to a company.
Speaker:So does that make sense, that kind of arc of caution?
Speaker:It, uh, it
Speaker:does.
Speaker:Can you comment on that?
Speaker:I like the notion of this arc of caution.
Speaker:In some ways, it's like if you're learning to drive race cars.
Speaker:If you learn to drive at high speed, I know how to do it in theory, I
Speaker:don't know, I don't do it in practice.
Speaker:But even as a regular driver, you find that you're often very cautious turning.
Speaker:We've all done that.
Speaker:Only over time do you find that it's actually accelerating into turns
Speaker:gives you the necessary ability to actually go around the turn safely.
Speaker:You're like, oh wait, I've always slowed down and it felt worse,
Speaker:but in fact it's acceleration.
Speaker:So you learn a set of skills that mitigate risk.
Speaker:And when I think about that, that evolution going into a job after
Speaker:job, you learn more with each one about the potential risks.
Speaker:So your aperture is broader, but you also learn about the
Speaker:mitigation strategies along the way.
Speaker:So you know how to dig deeper into them, and frankly, you know how
Speaker:to confront something that maybe you've never confronted before.
Speaker:Because the first time you see a really wicked curve on a mountain
Speaker:road, you're like, uh, what do I do?
Speaker:But after you do it a few times, and I live on curvy back roads in the country
Speaker:here in Connecticut, so I do this a lot.
Speaker:You're like, oh, pshew, pshew, pshew, pshew.
Speaker:I know exactly how to get around those, because you start to see it.
Speaker:It's much like that in the job.
Speaker:The first time going in, you're like, Oh, I know how to do marketing.
Speaker:They just didn't tell you that fifty percent of your role as a CMO
Speaker:has nothing to do with marketing.
Speaker:Like, wait, I don't know how to do that.
Speaker:I don't know how to do that.
Speaker:I was just having a specific example of this discussion with someone who
Speaker:works for me or who did work for me at Mimecast recently in terms of our
Speaker:business development organization, right?
Speaker:So I had, at Mimecast, I had a hundred BDRs globally working in my
Speaker:organization doing traditional BDR, inbound, outbound, lead generation.
Speaker:In talking with my BDR leader we were reflecting on the fact that it's
Speaker:probably half the CMOs out there have experience with a business development
Speaker:organization and probably half don't.
Speaker:And if you're in the half that doesn't, the first time you're presented with
Speaker:it, you're going to be like, Oh!
Speaker:Well, they're just on the phone making outbound calls, or they're taking
Speaker:inbound leads, and not realizing, in fact, the depth and complexity
Speaker:of the reality of a BDR organization and how to manage it effectively.
Speaker:I'd had one before Mimecast, but I'd never had one of this size.
Speaker:I learned a lot of things.
Speaker:That if I go into another organization in the future that has a BDR organization,
Speaker:my skill level went up here.
Speaker:And so, my ability to ask, hopefully, informed questions went here, so
Speaker:that I'm actually reducing my risk by having more knowledge about it.
Speaker:So it is this constant balancing.
Speaker:Yes, you're mitigating risk.
Speaker:Of course risk is increasing, and the environment's increasing,
Speaker:and the demands are increasing.
Speaker:But you're also, you're giving yourself a set of tools to navigate,
Speaker:to ask questions, and to know how to deal with the new things that
Speaker:you're being asked to deal with.
Speaker:That's great.
Speaker:Though, you've been a CEO as well serving marketers.
Speaker:So that's interesting.
Speaker:I'm wondering, has that changed your perspective?
Speaker:Is there a CEO perspective that you have now that you think some CMOs are lacking?
Speaker:Like in that conversation between CMO and CEO?
Speaker:Yeah, it's an interesting question.
Speaker:Having been a CEO of a small private media agency I realized
Speaker:that my job was first and foremost actually a combination of business
Speaker:development and managing the business.
Speaker:I think that a lot of CMOs have not necessarily done the
Speaker:business development part.
Speaker:And/or thinking holistically about managing the business.
Speaker:It gets back to what I said earlier.
Speaker:The first time you're a CMO, you may not realize that only
Speaker:half your job is marketing.
Speaker:Half of your job is being part of the C-Suite, being part of the executive
Speaker:team and leading the business.
Speaker:And that requires a different set of skills.
Speaker:So having sat in that CEO seat for a little while, even on a smaller
Speaker:scale, I learned that I had to think like a business person first,
Speaker:and in fact, not like a marketer.
Speaker:That I had to be able to bring business development,
Speaker:relationship skills to the table.
Speaker:A lot of CMOs are out there meeting with customers and engaging, but a lot
Speaker:are not, a lot are not in that role.
Speaker:So then when you then have to work for a CEO, you start to think about, oh wait,
Speaker:that person is doing this because they're focused on outbound business development.
Speaker:They're thinking holistically about the business.
Speaker:They're trying to think about their team, their C-Suite, and how to manage it.
Speaker:As a CEO, you all of a sudden have a team that's comprised of multiple functions.
Speaker:And they each have a voice.
Speaker:And it's at a broader scale than as a marketer.
Speaker:Where yes, you have multiple marketing functions, but there's a core there.
Speaker:I think that every C role, everybody in the C-Suite should get some of
Speaker:that experience in a different type of C-level or very senior role.
Speaker:So they get more of that perspective to say, hey, we're gonna actually have
Speaker:business discussions now, not a marketing or sales or a finance discussion.
Speaker:It's a business discussion about the right way to drive the business
Speaker:forward.
Speaker:And that gives you a better perspective ultimately.
Speaker:Yeah, yeah, that's great.
Speaker:One thing that I've heard you talk about before is that the CMO role is on
Speaker:a slightly different time horizon for producing value than many other functions,
Speaker:which, to your point, if you sit across the whole business, if you think business
Speaker:first, marketing second, you'll get that.
Speaker:Yep.
Speaker:But how should the CEO and the CMO navigate that?
Speaker:Because I think that's where a lot of CMOs kind of get stuck because they say
Speaker:yes to roles and the CEO thinks they're gonna just, especially in this climate,
Speaker:like, Oh, you're gonna drive pipeline and drive revenue this year and it's
Speaker:like, well, the CMO is also about driving revenue year two, three, four, five.
Speaker:So how can CEOs and CMOs better have that conversation in your view?
Speaker:It's a complex conversation to be sure.
Speaker:Everyone brings an interesting perspective to it.
Speaker:Fundamentally, I think the CMO has to embrace the duality of no matter what, or
Speaker:at least most of the time, you're going to be asked to produce something short term.
Speaker:Just the way business works.
Speaker:And what you have to be able to do is explain, yes, I can do X, Y, Z.
Speaker:But you also have to be right, clear, upfront.
Speaker:There's a set of other things that are going to take longer.
Speaker:And I want to make sure I lay them out right from the start.
Speaker:And I give you my best estimate on how long this will take.
Speaker:Oftentimes, and we can't avoid this discussion, it'll be brand.
Speaker:"I want to build a big brand."
Speaker:"Let's make the brand better."
Speaker:Awesome!
Speaker:We all love that.
Speaker:But it doesn't happen overnight.
Speaker:Everyone knows that, but doesn't know that.
Speaker:You know it intellectually, but every executive, CEOs included, are under
Speaker:pressure from someone else to get results faster, especially in today's climate.
Speaker:You have to start to think about, there's not one timeline
Speaker:that you want to talk about.
Speaker:You want to talk about the timeline for things that will happen in months
Speaker:and quarters, and the timeline for things that will happen in quarters and
Speaker:years, and how do you balance those?
Speaker:And how do you know that, I understand that it's going to take a while.
Speaker:And this is something I've experienced multiple times in my career.
Speaker:I have had the discussion with boards, with other executives, where I say,
Speaker:this is the thing we're going to do.
Speaker:We'll talk about brand.
Speaker:We're going to invest in brand building.
Speaker:It's going to take three quarters, four quarters, whatever
Speaker:numbers I put on the board.
Speaker:And then I also say, we need to have it be sustained investment.
Speaker:If you lose your patience in two quarters and want to pull the investment,
Speaker:we shouldn't do it at all because then it's just wasted investment.
Speaker:So to try to put some context around it, it's like, hey, we need to
Speaker:get the brand from here to there.
Speaker:It's going to cost us X amount of money.
Speaker:We're going to do it over the course of Six quarters before we can start to see
Speaker:true - we're gonna do a brand study here.
Speaker:We're gonna do one here.
Speaker:And I'm gonna tell you explicitly, if you're gonna lose faith or if you're
Speaker:gonna say, "Oooh, two quarters in I don't think we should be spending
Speaker:that money," just don't do it.
Speaker:Let's spend the money elsewhere.
Speaker:Because it's not gonna pay off.
Speaker:In fact, you start to tease the market and the market just starts to get some
Speaker:exposure to you, and then you pull back.
Speaker:So it's much better to be really clear on context.
Speaker:Well, you don't want to make that long term investment?
Speaker:Okay, let's put that into some shorter term stuff.
Speaker:We need to do demand creation?
Speaker:Let's do some demand creation.
Speaker:We need to work on our partner marketing.
Speaker:Let's work on our partner marketing.
Speaker:Whatever other thing it may be that might have a shorter time span, and
Speaker:then maybe we can get to that later.
Speaker:and it's hard sometimes for marketers to make those statements, to say, this
Speaker:needs four quarters, six quarters, eight quarters of sustained investment.
Speaker:If you're not willing to do that, we shouldn't do any of it
Speaker:because it just won't benefit us.
Speaker:Right.
Speaker:That then shows you as a good economic business decision maker also.
Speaker:Yeah.
Speaker:Yeah.
Speaker:And I like that, we talked about the arc of caution, but there's also
Speaker:like this arc of CEO reaction, maybe?
Speaker:Where the CMO could say, okay, in a few months, you're
Speaker:going to start to feel antsy.
Speaker:You know, you're going to start to feel like
Speaker:- Yes!
Speaker:- okay, we should be seeing fruits from this, and maybe we won't, so I'm here
Speaker:to tell you now that you're going to feel uncomfortable, and we'll have to
Speaker:navigate through this, and if you're too uncomfortable about feeling uncomfortable,
Speaker:[chuckle] let's cancel it now.
Speaker:Don't do this.
Speaker:And that, Erica, is a really great way to think about it.
Speaker:The CEO is trying to do many things, and it's a darned hard job, right?
Speaker:Any C-Suite job is really hard.
Speaker:The CEO is trying to do many things, and one of the things they're relying
Speaker:on their team on is to give them, not just good advice, but to also frame
Speaker:programs in the right context so they know what it means and how they're
Speaker:going to get from here to there.
Speaker:And to help them see what they don't see.
Speaker:One of the things CMOs often spend a lot of time with the C-Suite,
Speaker:with the CEO and with board, is explaining how the website works.
Speaker:It's a common thing that happens all the time.
Speaker:I and many of my peers and many people that work deeply in that space know
Speaker:that we have to take into consideration that from the C-Suite and the board,
Speaker:there's actually a completely different set of visitors to the website
Speaker:than marketing is thinking about.
Speaker:Marketing thinks about visitors who are primarily buyers or prospects.
Speaker:The C-Suite, the board, they come in as what we affectionately call readers.
Speaker:They read the website like a book.
Speaker:And they go off and they read the competitor websites like books.
Speaker:And then they say, "Well, this book was a lot more exciting than that book.
Speaker:Can't you be more like that?"
Speaker:And it's an absolutely fair question.
Speaker:Except the bulk of marketing is operating on a model of, we know
Speaker:visitors who come in, we know the paths they take, we know that a typical
Speaker:website, just looking at, you know, the most recent one I've worked on.
Speaker:On the website, there were 600 pages?
Speaker:Of which 500-plus of them were not in the navigation.
Speaker:Right?
Speaker:That's a very typical website.
Speaker:It's all deep linked pages that no reader will ever find.
Speaker:But it's critical to how you nurture leads and prospects and
Speaker:take them on their journey and get them to where they need to be.
Speaker:It's all data-driven and all of that.
Speaker:So this is an example of it's the marketer's job to help educate others
Speaker:over the fact that, yes, you're reading the website is important.
Speaker:And we want to address the fact that you couldn't find XYZ on there
Speaker:and you saw it on another website.
Speaker:But we also want you to understand that that's not our customer's journey.
Speaker:So we have to create the right balance between those two things.
Speaker:And this is just one of many examples of the fact that marketing,
Speaker:like the trite and proverbial iceberg, is mostly underwater.
Speaker:You don't see most of it.
Speaker:You specifically don't see it in today's data-driven, highly-targeted model.
Speaker:You specifically don't see it if you're another C executive in a different
Speaker:department who comes to visit the website or signs up for an email newsletter.
Speaker:You only see bits and pieces of it.
Speaker:Part of the job of the CMO is to show the whole fabric of the customer
Speaker:journey so that they can see, oh wait, I didn't realize marketing
Speaker:was doing this, this, and this.
Speaker:Oh, that's interesting.
Speaker:Okay, thank you for helping me see and put those pieces together.
Speaker:It's fascinating.
Speaker:Yeah, if a company doesn't get that- so you're talking about marketing
Speaker:educating the CEO and the rest of the C-Suite and showing them
Speaker:really the full value of them.
Speaker:But if a company doesn't get that, and if they are still stuck on, okay,
Speaker:this year, this year, and not about future years, it feels to me like the
Speaker:CMO has to choose between this deliver on current pipe versus stand up for
Speaker:transformation, but risk leaving if they are standing up for transformation.
Speaker:Any thoughts on that?
Speaker:And have you seen that?
Speaker:I have probably more thoughts than we have time at this point.
Speaker:Let me reframe it a little bit.
Speaker:Not all companies need a CMO.
Speaker:They may think they do.
Speaker:But sometimes companies would benefit more from simply an incredibly
Speaker:strong CRO and maybe an incredibly strong revenue marketing leader.
Speaker:The CMO is supposed to be the strategic C-level role that ties
Speaker:all these pieces together - revenue, demand, brand, partner, right?
Speaker:Sometimes companies don't need that.
Speaker:Especially companies that might want to veer more towards like, hey, we
Speaker:just need to crank through, fill in the pipe right now, and not worry
Speaker:too much about these other things.
Speaker:Then the question a CMO candidate or a CMO in-seat should be asking
Speaker:is this actually a necessary role in this company at this time?
Speaker:You're aware, as others are, that there are companies that
Speaker:are eliminating the CMO role.
Speaker:They're like, oh no, we have a head of brand and comms, we have a head
Speaker:of demand or revenue or something like that, and that's sufficient.
Speaker:And in some companies that might be sufficient.
Speaker:So it actually goes back to the what is the CMO role?
Speaker:I know from my own experiences that I want to be in a strategic role.
Speaker:I want to be guiding the company strategically from the perspective of how
Speaker:do we make sure our story is strong and distinct and it's out there in the market?
Speaker:How do we make sure that we're getting the best quality leads
Speaker:at the volume that we want?
Speaker:How do we do all of these other pieces?
Speaker:But if I see that that's not a good fit for me, I'm like, oh, hold on.
Speaker:Maybe I should not be the person that's here.
Speaker:And this is maybe the bitter pill that executives struggle with sometimes.
Speaker:I've seen this in places across the board and I learned long ago that
Speaker:many executives want to believe that they can solve any problem
Speaker:that's put in front of them.
Speaker:Versus believing that some problems may require someone different than
Speaker:them, or a different org structure, or a different something else.
Speaker:I think the smart CMO in 2024 and beyond is able to say,
Speaker:wait, I can't actually solve the problems I'm being asked to solve.
Speaker:What I can recommend is this, this, and this.
Speaker:Or, it's yes, I can solve that problem.
Speaker:Here's what I need to solve that problem.
Speaker:Give me X number of quarters.
Speaker:Give me X number of dollars.
Speaker:Give me X number of people.
Speaker:Whatever it may be, so that I can solve that problem and not just try to
Speaker:solve all the problems simultaneously.
Speaker:It is a very dynamic situation.
Speaker:But over time I have found that I realize that not every company needs a CMO and not
Speaker:every company needs the same type of CMO.
Speaker:I'm different than the next person, than the next person.
Speaker:We all bring unique skills to the table and companies go through
Speaker:different parts of their evolution.
Speaker:I was the right CMO for this period of the company, but maybe I'm not the right
Speaker:CMO for this period of the company.
Speaker:And it's on me, actually, to be able to say, yeah, that probably makes
Speaker:more sense, and I'll be happier if I'm not here and someone else is.
Speaker:That's just part of the, back to the risk curve, right?
Speaker:You become, I believe, better at embracing where you can have positive impact and
Speaker:where someone else might be able to have that positive impact that isn't really
Speaker:what you want to do, what you're best at, or something along those lines.
Speaker:Yeah.
Speaker:It makes me think, listening to you that, something I heard once, which
Speaker:is over the course of your career, your ego tends to go down because
Speaker:earlier on there could be a lot of ego.
Speaker:And so you want that role and you wanna provide all the value that you can in
Speaker:that role, even if the company is not really willing to absorb or invest
Speaker:- Yes.
Speaker:- you know, for that value.
Speaker:Over time, yeah, I think you're right.
Speaker:I think CMOs would save themselves a lot of angst if they would
Speaker:say, okay, this isn't quite me.
Speaker:This isn't me.
Speaker:And you're right, your ego is down.
Speaker:I like to think of it as the more you fail, the more you gain humility.
Speaker:And the more humility you have, the better able you are to say, Mmm!
Speaker:Maybe I'm not the best fit here.
Speaker:And that's true in life as it is in CMO.
Speaker:We're not all the best fit.
Speaker:We're not all the best dancer.
Speaker:We're not all the best singer.
Speaker:We're not all the best partner.
Speaker:We don't all fit in everywhere.
Speaker:You have to realize, if we are actors playing a role, at some
Speaker:point, we're just not a good
Speaker:fit for a particular role.
Speaker:That's a good way to think about it.
Speaker:A role for somebody else.
Speaker:Yeah.
Speaker:So let's look at this from the other side, the standpoint of a CEO hiring a CMO.
Speaker:I'm curious, what do you think is the biggest risk a CEO should be
Speaker:looking to mitigate when hiring a CMO?
Speaker:Is it anything different than what we've been talking about?
Speaker:I think it's a lot of what we've talked about.
Speaker:if I were a CEO in a company hiring a CMO, I would be looking for the CMO
Speaker:that knows the role that they can play.
Speaker:And that's, that can come in many different ways and I'll circle
Speaker:back to something you and I may have discussed before, and I'm
Speaker:sure you get a lot in your role.
Speaker:We all have roles.
Speaker:Which is, over the past decade, I have gotten dozens, if not hundreds of
Speaker:phone calls from executive recruiters.
Speaker:"Hi, Norman.
Speaker:Hi, it's Erica."
Speaker:"Hi, Erica."
Speaker:" Company X is looking for a new CMO."
Speaker:"Oh, cool."
Speaker:"And they really want somebody who can focus on brand."
Speaker:Or, "Hi, Norman."
Speaker:Hi."
Speaker:"Company Y is looking for a new CMO and they really want
Speaker:someone who can focus on demand."
Speaker:That's one of the most key things when you're a CEO to be thinking about.
Speaker:If you think you have a brand problem or demand problem, doesn't matter which side,
Speaker:if your potential candidate's answer is, yes, I'm great at brand or demand, that's
Speaker:fifty percent of what you need to know.
Speaker:The other fifty percent is them explaining how brand and
Speaker:demand are actually connected.
Speaker:the one who says, I'm awesome at brand or demand, and who can't
Speaker:speak about the other side, may not actually be the best CMO for you.
Speaker:Because a brand problem or demand problem in the JD for a new CMO, is usually a,
Speaker:this is what we need to solve today, not what we need to solve long term.
Speaker:The smarter, better equipped, more experienced CMOs are often able to say,
Speaker:yes, we see you have a brand problem or demand problem, and let me show
Speaker:you how these things are connected and how I am really good at X, Y, and Z.
Speaker:Second thing that a CEO really has to focus in on when looking at a CMO is just
Speaker:understanding how do they think about the things that they're not really good at?
Speaker:And that they're willing to, in fact, take off their plate.
Speaker:A perfect example is product marketing.
Speaker:Lots of marketing leaders come up through product marketing, lots don't.
Speaker:Those that don't, may not have a real depth of understanding
Speaker:around product marketing.
Speaker:Are they willing to say, yeah, that's probably not my strongest
Speaker:area, but I'd love to have an amazing leader in place there.
Speaker:Or, I'm okay with that moving to the product organization.
Speaker:There's any number of variables here, but I think the CEO who's looking
Speaker:for a unicorn is going to get that, something that actually doesn't exist.
Speaker:The CEO who's looking for a member of their team who's willing to say, I'm
Speaker:strong in this, I'm weaker in this, I know how these things fit together,
Speaker:and I'm willing to sign up for that, I think is going to get a better leader.
Speaker:That's great.
Speaker:Yeah, thank you.
Speaker:Any thoughts on how a CEO can best demonstrate their commitment
Speaker:and support to marketing?
Speaker:Because a lot of times, CEOs will say, Oh, yes you can help define
Speaker:what the role is, you can help define what the budget should be.
Speaker:And it can seem from the outside, like, Oh, yes, this company is
Speaker:really going to support marketing.
Speaker:But are there any clues that that CMO candidate can look for to see
Speaker:if that support is really there?
Speaker:And conversely, what can CEOs do to demonstrate that support?
Speaker:Yeah, that's tricky.
Speaker:I think really that's one where the proof is in the doing.
Speaker:Having worked for a number of CEOs, all of who bring very different skill
Speaker:sets to the table, I don't know that I've ever known a priori exactly how
Speaker:they're going to play out in terms of how they want to interact with
Speaker:marketing, how they support marketing.
Speaker:Because I've worked with CEOs, I've worked for CEOs who I was told in advance, Oh,
Speaker:that person wants to have their fingers over all over everything in marketing.
Speaker:And that's what they've always done.
Speaker:And then I got to work for that person and I said, hey, that's our job, not your job.
Speaker:And they're like, oh, okay, boom.
Speaker:So you realize then was that because no one ever said that to them?
Speaker:Because they never had a person who felt comfortable saying that?
Speaker:And it is unique for each situation.
Speaker:The dynamics are different.
Speaker:What I think you have to do as a CMO going into a new role is
Speaker:be as informed as you can be.
Speaker:Then realize that on the day you start, you pretty much know nothing.
Speaker:Then you start learning what's actually happening.
Speaker:You make decisions along the way.
Speaker:That's just the reality of it.
Speaker:You and I have been involved, myself, in dozens of interviews and things like that.
Speaker:You in hundreds and hundreds of candidates and interviews.
Speaker:Frankly, it doesn't teach you a lot about what's going to happen on day one.
Speaker:If you say yes, you just going on the, okay, this is not going to be horrible.
Speaker:If they told you in advance, oh yeah, it's standard practice here that at 9 a.
Speaker:m.
Speaker:we yell at everybody, and then at 6 p.
Speaker:m.
Speaker:if they're not at their desk, we dock them a day's pay.
Speaker:Okay, probably not a place you want to work, right?
Speaker:But for the most part, you walk in thinking, okay, I see
Speaker:there's some good, some bad.
Speaker:It's a culture that does this or that.
Speaker:But you know nothing on day one.
Speaker:You begin a new journey then that you start to learn.
Speaker:Then it's on you as the executive to either say, I'm willing to accept, willing
Speaker:to try to make change, or I want to leave.
Speaker:Yeah.
Speaker:That's
Speaker:true.
Speaker:Right?
Speaker:It's all you can do.
Speaker:And then, show up on day one and take the little notebook that you
Speaker:wrote all those notes down during the interviews that, oh, this...
Speaker:toss it aside and start a new notebook.
Speaker:Because then you're really in it.
Speaker:I like that.
Speaker:I like that notebook idea.
Speaker:That's a great tip.
Speaker:As you said, sometimes, these things don't work out.
Speaker:One theme that has come up in this podcast series so far this season
Speaker:has been about career trauma.
Speaker:That might sound like a little bit strong, but you know, it's funny, if
Speaker:you look on LinkedIn, if your feed is anywhere similar to mine, which I
Speaker:imagine there's some overlap, right?
Speaker:You find these very
Speaker:- Yep.
Speaker:- raw disclosures about career challenges and short tenures and
Speaker:people being on the bench for a little bit longer than they expected.
Speaker:So, I guess I've been thinking a lot about how transparent somebody should be about
Speaker:their trauma and what is the risk reward calculation for sharing such trauma?
Speaker:And maybe this is like small t trauma.
Speaker:When is disclosing it intentional?
Speaker:When is that impulsive?
Speaker:Can it build trust?
Speaker:Can it burden trust?
Speaker:Any thoughts on this?
Speaker:I have a lot of thoughts on this because I, like you, probably
Speaker:spend a lot of time on LinkedIn.
Speaker:I spend a lot of time reading those things.
Speaker:I spend a lot of time writing.
Speaker:I think it's a great platform.
Speaker:I think there's a few things that come to mind.
Speaker:I have the utmost respect for everyone choosing to present themselves the
Speaker:way they want to present themselves.
Speaker:What I find, perhaps, a little frustrating sometimes is what I
Speaker:think of as performative trauma.
Speaker:Where it's clearly just a way to say, oh, this was horrible, but I'm a great person.
Speaker:I need a new job.
Speaker:And that happens.
Speaker:It's a choice.
Speaker:Probably not the choice that I would make.
Speaker:I think that I have mostly opted for a strategy of being actually exceptionally
Speaker:thoughtful about what I post.
Speaker:It's not that I don't want to post a, oh, this happened, or that
Speaker:happened, or I'm supportive of this, or I'm supportive of that.
Speaker:But I want to be thoughtful about the fact that it serves multiple audiences.
Speaker:When you're trauma posting, you're not just speaking about yourself,
Speaker:you're speaking about the company.
Speaker:You're not just speaking to your peers, you're speaking to a vast audience
Speaker:of potential people who you may work for, with, or who may work for you.
Speaker:You're not simply just having a moment, if you and I were
Speaker:sitting over coffee, to vent.
Speaker:Oh, this place treated me horribly, blah, blah, blah.
Speaker:You're actually putting something out there that has impact on many more
Speaker:people and companies than you may think.
Speaker:You may choose to do that as well, and again, it's a personal choice.
Speaker:I think that the better choice is to figure out first, what are you
Speaker:trying to achieve with a post?
Speaker:If you're clear in that, work backwards.
Speaker:Oh, does this trauma posting get me what I'm trying to achieve?
Speaker:Or not?
Speaker:And if not, then maybe it's best served in a different environment.
Speaker:Most of us at the C-level belong to multiple organizations of
Speaker:peers, peer huddles, groups.
Speaker:Those are great places to have those types of discussions.
Speaker:I've been very fortunate that I belong to multiple CMO groups,
Speaker:gotten tremendous value out of having those honest discussions.
Speaker:But they're not actually things I would post on LinkedIn, because
Speaker:at the end of the day, especially as a C-level executive, you're
Speaker:not just someone who's like, Ah!
Speaker:XYZ happened, I feel horrible.
Speaker:You're one of the people who's running the company.
Speaker:So you have to take some accountability for that too.
Speaker:And so it's really complex.
Speaker:And I think that we've turned LinkedIn into whatever it is.
Speaker:Just like on X or Instagram or anything else, it requires a certain degree of
Speaker:thought about what is your intent and are you actually achieving that intent?
Speaker:Who will end up seeing this?
Speaker:And is that someone who you would want to have this discussion with?
Speaker:I like that.
Speaker:Somebody once said to me, before you say something or post something, use
Speaker:the acronym WAIT - Why Am I Talking?
Speaker:[They laugh] And it's true.
Speaker:Right.
Speaker:It's like, yeah, thinking through it.
Speaker:Why?
Speaker:Why?
Speaker:What is the why?
Speaker:Yes.
Speaker:And everyone has their own perceptions.
Speaker:Everyone, for the most part, finds that often times their perception is
Speaker:valid and true and should be respected.
Speaker:But time and context can also change how that perception may be
Speaker:Right.
Speaker:And so it's, it is very complex.
Speaker:I think that we're in a world now where the ability of self expression
Speaker:is tremendous and the opportunity for self expression is important.
Speaker:As a fierce advocate of free speech, I think voices should
Speaker:have the opportunity to speak.
Speaker:But also, as a fierce advocate of being thoughtful in the impact
Speaker:your words have on others, I think that you have to balance the two.
Speaker:Yeah.
Speaker:Thank you.
Speaker:Thank you.
Speaker:That's helpful.
Speaker:I know we're running out of time, so I have one final question for you, and
Speaker:that is do you have a favorite interview question that you like to ask people
Speaker:who are interviewing for your team?
Speaker:I have become the world's most boring interviewer over time.
Speaker:And let me give that context, right?
Speaker:I've now made a grandiose statement.
Speaker:Why am I talking?
Speaker:I made a grandiose statement.
Speaker:Many, many years ago, earlier in my career, I spent an inordinate
Speaker:amount, I should say, I wasted an inordinate amount of time thinking
Speaker:up clever interview questions.
Speaker:Why?
Speaker:Well, if you go even further back in my career, when I was in graduate school,
Speaker:I like wrote my whole master's thesis on the job interview, and what happens,
Speaker:and all sorts of interesting things.
Speaker:And most decisions in a job interview are made in the first thirty seconds.
Speaker:You actually - has nothing to do with the questions that are asked.
Speaker:People make decisions like that.
Speaker:So, earlier in my career, when I was young and dumb, as opposed to
Speaker:now, when I'm older and dumber, I came up with clever questions.
Speaker:It was mostly about me, not about them.
Speaker:Over time, I realized that that was not a particularly useful thing to be doing.
Speaker:And so I started to whittle down, whittle down, whittle down, whittle down.
Speaker:Now I'm at the point where I basically ask the same three
Speaker:questions to facilitate conversation.
Speaker:Those questions tend to be of the form are, me what you're interested in doing.
Speaker:And I make that very broad.
Speaker:Tell me what you hope to learn.
Speaker:And tell me the type of environment you want to do those things in.
Speaker:And I use that as the basis for conversation.
Speaker:Because I've come to the belief that an interview really is a conversation.
Speaker:And the more detailed the questions I ask, the less interesting the conversation.
Speaker:I like that.
Speaker:Yeah.
Speaker:Yeah.
Speaker:That's interesting.
Speaker:Do you ever ask them think about that ahead of time?
Speaker:So it's more articulate?
Speaker:I'm just thinking myself, like I would be way more articulate
Speaker:if I had noodled on that.
Speaker:Yeah, I don't actually.
Speaker:I don't because I'm also, I will admit that I'm also looking for
Speaker:how do they think in real time?
Speaker:Yes!
Speaker:And one of the skills I look for in marketers is being a good communicator.
Speaker:Regardless of the type of marketing they're doing, I think that
Speaker:being a strong communicator is a skill I like to see in marketers.
Speaker:Right.
Speaker:So I want to see how they react and how they communicate in that context.
Speaker:Now anybody who ever listens to this will know the questions I'm going
Speaker:to ask and they'll be prepared.
Speaker:They're not trick questions.
Speaker:They're truly, I'm interested in learning something about you that
Speaker:I can't get from your resume.
Speaker:And hopefully that you're going to share with me.
Speaker:When people tell me about the type of environment that they want to be
Speaker:in, it can mean many, many things.
Speaker:What I hear more often than not, are not in fact the type of environment
Speaker:they want to be in, but the type of environment they don't want to be in.
Speaker:Yeah.
Speaker:Right?
Speaker:So you think about those questions as door openers that can get
Speaker:you to interesting places.
Speaker:Yeah, that's great.
Speaker:And, of course, when you do this hundreds of times, you can tell the
Speaker:difference between somebody who can structure their answer very well
Speaker:- versus, you know, versus not, and somebody who has a broad level
Speaker:of thinking versus not, you can get the sense of their altitude.
Speaker:I like to say altitude.
Speaker:You know, how strategic versus tactical are they?
Speaker:No judgment, but where do they land on that?
Speaker:Right,
Speaker:Thank you for sharing all of this great insight.
Speaker:It's great to hear from somebody who's done multiple CMO roles, a CEO
Speaker:role, and has all this perspective.
Speaker:So really appreciate you sharing all of this with us, Norman.
Speaker:My pleasure, Erica.
Speaker:That was Norman Guadagno.
Speaker:Next time on The Get, you'll hear more from me and from another guest.
Speaker:Don't miss it.
Speaker:Thanks for listening to The Get.
Speaker:I'm your host, Erica Seidel.
Speaker:The Get is here to drive smart decisions around recruiting and
Speaker:leadership in B2B SaaS marketing.
Speaker:We explore the trends, tribulations, and triumphs of today's top
Speaker:marketing leaders in B2B SaaS.
Speaker:If you liked this episode, please share it.
Speaker:For more about The Get, visit TheGetPodcast.Com.
Speaker:To learn more about my executive search practice, which focuses on recruiting the
Speaker:make-money marketing leaders rather than the make-it-pretty ones, follow me on
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Speaker:The Get is produced by Evo Terra of Simpler Media Productions.