www.kickstartall.com What Came First, the CAB or the Executive Relationship? In recent months I've been surprised to hear of companies choosing to forego a Customer Advisory Board (CAB) program because they don't have a relationship with the key executives they want to invite. Obviously, CABs work exceptionally well when those key executive-to-executive relationships are already in place. Yet when those relationships do not yet exist, especially because those relationships do not yet exist, the CAB is one of the very best programs to initiate. CABs are about relationships. When all else fades to becoming a commodity, the relationship with your customers will be the only remaining differentiator. But, how do you invite senior decision makers you do not yet know? As a marketer, none of us want to plan a party and then have no one show up. This is a deep seated fear that most of us have. It's natural. Now, get over it. Success is completely in your grasp. Here are three best practices to guide you when courting CAB invitees. Believe in the self-fulfilling prophecy Similarly, I have seen many CABs crash and burn because the executive sponsor or the CAB manager was not really committed to it. They built an agenda based on content that was available rather than what was appropriate. They took short-cuts to get a certain number of people to attend, forgetting that a CEO sitting next to a first-line manager would be awkward at best and catastrophic at worst. Whether they thought their CAB would succeed or fail, they were 100% correct. Have you read The Power of Positive Thinking by Norman Vincent Peale, or watched The Secret DVD, or heard Wayne Dwyer talk about the "power of intention" on PBS? Whether you believe it or not, attitudes about everything play a huge role in our ability to generate success. This is most definitely true for CABs, as well. A personal invitation from the "desk of the CEO" Yes, the initial invitation is best when it is an old fashioned, hardcopy letter on company letterhead. There is no shortcut: CABs require executive-to-executive communication. Form letters will go unread; however, a simple but formal-in-structure letter signed by the CEO is a good way to show respect and initiate a new relationship. But don't send it by mail. Instead, have the invitation letter hand-delivered by the local sales rep servicing this customer account. (Consider that the CAB invitation letter is the perfect reason for the sales rep to set foot in the target executive's office!) To be sure, many CAB managers will ghost write the invitation for the CEO or the CAB's executive sponsor. Remember: CABs are unique, special events where a small targeted group of executive leaders get together to talk about business drivers, trends, and directions. They absolutely value opportunities to step away from the office to compare notes with their peers. Why then would you send an email invitation from a low level event manager to introduce the CAB? Nothing says "our time is more valuable than yours" when you take this shortcut. Along with the invitation letter, include a one-page overview of the CAB program, its central objective, the value attendees will receive, and without giving out names, provide an overview of the caliber of the other attendees. End the letter with a note that a representative from the CEO's office will follow-up via phone and email to further discuss the program and answer questions. It's (always!) about the agenda With regard to the agenda, consider that many companies develop theirs between three and six months prior to the CAB date. In fact, the #1 piece of positive feedback I see consistently on CAB evaluation forms has to do with the relevancy and richness of the agenda. Not the food. Not the luxurious accommodations. (Note: Even the best food or a free round of golf will not make up for a poor agenda.) Proper CAB agenda items include topics such as:
Of course, as the host company, you're interested in the answers and the implications relevant for your business. With this in mind, it is very appropriate (and expected) that the conversation will include questions and perspectives relevant to your roadmap and current/future product offerings. That's okay. But be mindful not to overload the agenda with what you think. You want to know what the customers think. As a rule of thumb: follow the 80/20 rule where customers speak 80% of the time, and you speak only 20%. However, CAB agenda items should never include:
Taking the best first step For more insights on CAB best practices, check out these resources:
About the Author
September 2009 |