CMO: Customer experience economy requires corporate culture rethink

The bank's former marketing chief Sandra de Castro shares why digital transformation has blurred the lines between marketing, sales and services

The transformation needed to meet modern customer experience expectations requires organisations to break down operational silos separating marketing, sales and services and shake up their corporate culture, NAB’s former marketing chief claims.

Sandra de Castro, who was CMO of NAB until earlier this month, spoke at today’s Adobe Digital Marketing Symposium on the changes brought about in financial services in the age of customer-first, digital and now mobile-driven interactions. Throughout her presentation, she emphasised the need to break the down distinctions between functions and create an agile, collaborative culture in order to meet modern customer expectations.

For de Castro, customer experience is increasingly becoming the product, service and the brand. “What goes for marketing is increasingly going for everything,” she said.

She pointed to mobile as the ultimate example of this blurring of the lines. “We see mobile as a blending of the channels,” she said. “It can connect everything - the voice, physical, digital, content and personalised media. It also offers the potential for a really complex industry to simplify things for the customer and make it [banking] pleasant.”

The problem most organisations have, however, is that they’re still operating in the world of functional silos, de Castro said. To make mobile the orchestrator of all of these experiences, you have to remove such siloed thinking, she said.

“There is an opportunity to create a revolution in customer experience, but you’re only going to do that if you forget the silos. And there’s the rub,” she said. “You must step across boundaries and look at everything from a customer’s perspective and challenge the fundamental tenets of how we do business.”

Capability is important in achieving this, and marketing has been on a path to improving its capabilities through technologies such as marketing cloud platforms, skillsets and resources, de Castro said. But these will only work if companies have the right culture to make transformation changes, she said. And this requires creativity, collaboration, and trying more things.

De Castro pointed out that marketing in more recent times has been about combining digital insights with the customer data the organisation has always had, driving better customer engagement.

“What’s to stop me the next time you log into Internet banking to now only present you with an ad, but an offer, or simple application form to that travel card you’re interested in?” she asked. “And when I do that, it’s not marketing anymore, it’s sales.”

As a result, the traditional boundaries between marketing and sales are vanishing fast, de Castro said.

“As you create engaging experiences, and you please your customer, sales becomes fulfilment,” she claimed. “Whether you point someone to an online application form or whether you get someone from the branch or call centre to contact them, when you get engagement right, sales becomes fulfilment.

“That changes everything in financial services because it’s always been distribution-led.” This transformation is also occurring around customer service, de Castro said.

Related: NAB, Time Warner Cable on tackling digital disruption

“The tools of personalised communication can be used just as effectively to create beautiful service experiences for customers as they can to create beautiful marketing,” she said. “We started with pain points and experiences that traditionally had been difficult for customers. In doing that, not only have we taken the pain out of the experience, we’ve actually created engaging experience that communicates customer care.

“So now service is advertising. Or it could all just be experience.

“The boundaries in which the silos of large organisations operated are disappearing faster than ever before and fantastic experience is sitting in the boundaries.”

The only thing that now matters for organisations is that customers love whatever it is they’re building, de Castro said. This has helped elevate marketing’s role in the organisation, and she cited marketing teams increasingly gaining responsibility for programs such as Net Promoter Score as an example of the trend.

“It’s also driving a huge amount of experimentation within organisations to inject marketing and digital into the fundamental transformation effort of the organisation,” she said.

All of this comes back to the collaboration required within organisations across multi-disciplinary teams to be successful, de Castro said. That required a cultural shift, she said. It also requires agility.

“Adopting to change is not about getting it right, it’s about just getting it,” de Castro added. “The teams doing the most work the fastest and who try the most things, are the people who will win.

“You don’t need to get it right, you just need to get on with it.”

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Latest Videos

Conversations over a cuppa with CMO: Microsoft's Pip Arthur

​In this latest episode of our conversations over a cuppa with CMO, we catch up with the delightful Pip Arthur, Microsoft Australia's chief marketing officer and communications director, to talk about thinking differently, delivering on B2B connection in the crisis, brand purpose and marketing transformation.

More Videos

Hey WhatsApp chatbots need to be added to a business’ tool belt to engage with the always-on customers. Easy to build in literally 5 step...

Unnit Dedhia

How chatbot marketing brought a supernatural exhibition to digital life

Read more

We’re seeing an increase in customer loyalty after businesses began implementing Live Chat. Here’s your one-stop guide on Live Chat suppo...

Fiza Syed

Customer loyalty in the time of COVID-19

Read more

JP54,D2, D6, JetA1 EN590Dear Buyer/ Buyer mandateWe currently have Available FOB Rotterdam/Houston for JP54,D2, D6, JetA1 with good and w...

Collins Johnson

Oath to fully acquire Yahoo7 from Seven West Media

Read more

Hi This is George, Thanks for sharing this nice information about foodpanda blockchain. During this pandemic situation food delivery indu...

George David

foodpanda launches blockchain-based out-of-home advertising campaign

Read more

Did anyone proofread this document before it was published?

Beau Ushay

CMO Momentum 2020: How to embrace agile marketing

Read more

Blog Posts

Innovate or die

It’s hard to know if famed management and marketing guru, Peter Drucker, coined this phrase for dramatic effect. My belief is he was emphasising the notion that few products and markets are static and few organisations can survive without innovation.

Michael Valos

Senior Lecturer, Department of Marketing, Deakin University

Commissioning personas that get used

How to avoid the bottom drawer, and how to get value from the work you’ve paid for

Melanie Wiese

Chief strategy officer, Wunderman Thompson

Why It’s Going To Be A Bumper Holiday Season Despite the Pandemic

Behavioural science expert Dan Monheit, co-founder and strategy director of creative agency, Hardhat, writes that marketing chiefs should hold their nerve, as they have reason to be optimistic

Dan Monheit

Co-founder, Hardhat

Sign in