This is the first in a three-part series on thought leadership.
Un-think what you think about thought leadership.
You’re a communicator. You don’t need to live by Marketing’s definition for thought leadership. You can create your own!
Marketers, especially those in the B2B space, are attaching to Gartner’s definition of thought leadership marketing:
“the giving — for free or at a nominal charge — of information or advice that a client will value so as to create awareness of the outcome that a company’s product or service can deliver, in order to position and differentiate that offering and stimulate demand for it.”
Most companies espouse this definition and think of thought leadership only as a tactic to build awareness of the company or product with its customers.
Communicators—with their myriad stakeholders and focus on corporate reputation and brand—think of the term and its implications quite differently. Whereas Marketing’s thought leadership rightly so focuses on the product and customer, Communications’ thought leadership can focus on a wide variety of activities to achieve company-specific ends. Perhaps the most challenging part is defining what those ends should be.
We polled the CEC membership and partnered with Ignacio Gonzalez, Stakeholder Engagement Specialist at Shell USA, and Matt Broder, VP of External Communications at Pitney Bowes, to uncover how communicators are defining thought leadership at their companies and using it as a potent tactic to achieve company goals. We found that most thought leadership programs aim to achieve one of three outcomes:
- Boost Credibility (Reputational): “Thought leadership is where an organization can share best practice and offer valid views and opinions on a topic which gives them credibility in the marketplace.”—Head of Communications, Consumer Products
- Instill Company Culture (Cultural): “Thought leadership is a culture that is driven by, rewards, and recognizes ideas and strategic thinking that is outside the norm and where ‘idea failure’ is considered a learning opportunity.”—Executive Communicator, Fortune 500
- Shape the Industry (Aspirational): “Thought leadership means defining the horizon for your industry.”—Anonymous Read More »