B2B email marketers who perceive that their firms are struggling to get a grip on digital growth are right.
For one thing, executives are underestimating their competition, judging by
early results from the 2021 Growth Marketing Maturity Study, a report developed by Stein IAS in collaboration with WARC and The Effectiveness Partnership.
B2B
practitioners are much more likely to identify primarily as growth enablers — 48.5% see themselves that as such and 36.3% as growth drivers. Only 15.2% say they are sales
enablers — an apparent no-no, although it may well include laborers in such silos as email.
In contrast, 40.4% believe their peers at other companies are mostly sales
enablers. That tops the 38.4% who consider themselves growth enablers and the 21.2% who feel they are growth drivers.
Why it’s important to focus on being a growth enabler first is
unclear. The study reports that sales & results planning has the greatest impact on growth, scoring 7.91 on a scale of one to 10.
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Second is marketing communications & GTM, with 7.59.
This is followed by operations & deployment (7.47), core strategy (7.44), marketing insight & intelligence (7.26), data & technology (7.22) and digital experience & service design
(7.17).
Sadly, respondents don’t give their firms the highest marks when it comes to competence. Here are their perceptions, on a scale of one to five:
- Core
strategy — 3.55
- Marketing communications & GTM — 3.39
- Market Insight & Intelligence — 3.27
- Sales
& results planning — 3.00
- Digital experience & service design — 2.91
- Data & technology — 2.76
Email
specialists doubtless fall into the marketing bucket, which is in second place in competency and also in impact on growth.
What’s more, 81.8% focus on each of these growth layers,
versus 33% who focus on sales & results planning. Also, 57.6% focus on market insight & intelligence, 56.4% on core strategy, 55.6% on core strategy, 54.5% on digital experience & service
design,
Meanwhile, the leading barriers to growth are:
- More connected, cohesive digital customer experience —
66%
- Strong demand generation with measurable pipeline & revenue growth impact — 52.1%
- Upskilliing across
myriad growth responsibilities — 51.5%
- More investment to realize digital transformation & growth vision — 48.5%
- Less
complexity to focus on key activities that move the needle — 45.5%
- Better integration and activation of martech investment — 42.9%
- Break down
internal organization silos — 42.4%
- Greater control over data — 40.4%
- Stronger brand momentum and investment to drive mental availability and
preference — 39.4%
- Better, clearer differentiation to all relevant stakeholder audiences — 33.3%
- New
technologies, tools capabilities and approaches — 32.7%
- Board-level buy-in in shifting spend to advanced, digitally driven strategies/channels — 24.2%