WEBVTT 1 00:00:00.991 --> 00:00:03.574 (gentle music) 2 00:00:11.310 --> 00:00:13.980 Norm, it is a pleasure to be with you. 3 00:00:13.980 --> 00:00:15.450 And you, I think, 4 00:00:15.450 --> 00:00:19.320 just completed your two-year anniversary at General Motors. 5 00:00:19.320 --> 00:00:20.580 Could you talk a little bit 6 00:00:20.580 --> 00:00:23.430 about what it was like to onboard? 7 00:00:23.430 --> 00:00:24.870 There was a lot of great work 8 00:00:24.870 --> 00:00:27.030 and a lot of great people that were here, 9 00:00:27.030 --> 00:00:30.600 but fundamentally, we had to launch more new vehicles 10 00:00:30.600 --> 00:00:31.590 than ever before. 11 00:00:31.590 --> 00:00:33.450 Oh, and by the way, in that context, 12 00:00:33.450 --> 00:00:34.800 we had to do it with a lot less money. 13 00:00:34.800 --> 00:00:38.550 So a marketing transformation is a massive undertaking, 14 00:00:38.550 --> 00:00:42.900 especially for a company with the history and size 15 00:00:42.900 --> 00:00:44.400 like General Motors. 16 00:00:44.400 --> 00:00:49.110 How did you kind of think through your marketing vision? 17 00:00:49.110 --> 00:00:51.690 One of the interesting things about automotive 18 00:00:51.690 --> 00:00:54.270 is while we see cars everywhere 19 00:00:54.270 --> 00:00:56.580 and we see car ads everywhere, 20 00:00:56.580 --> 00:00:57.960 it's actually quite a small number of people 21 00:00:57.960 --> 00:00:59.010 who buy new cars. 22 00:00:59.010 --> 00:01:02.640 In any one year, you're talking about 5% of adults 23 00:01:02.640 --> 00:01:04.440 buying a new car, 5%. 24 00:01:04.440 --> 00:01:06.450 And yet, sometimes the marketing can feel 25 00:01:06.450 --> 00:01:10.230 like you're marketing to everyone in America. 26 00:01:10.230 --> 00:01:12.450 And so what we wanted to do, 27 00:01:12.450 --> 00:01:13.800 and we did it particularly with BCG, 28 00:01:13.800 --> 00:01:16.680 was drive a targeting framework 29 00:01:16.680 --> 00:01:19.020 that could really focus our investments. 30 00:01:19.020 --> 00:01:21.720 It starts with understanding the segments, 31 00:01:21.720 --> 00:01:26.700 or the clusters, in the new vehicle buying space, 32 00:01:26.700 --> 00:01:28.020 and we did that with BCG. 33 00:01:28.020 --> 00:01:31.320 That was demand spaces, and demand spaces I always love 34 00:01:31.320 --> 00:01:33.450 because they were just really simple, 35 00:01:33.450 --> 00:01:36.330 and that epitomizes auto so perfectly, right? 36 00:01:36.330 --> 00:01:37.650 Does this car feel like me? 37 00:01:37.650 --> 00:01:38.820 Do I want people to see me like that? 38 00:01:38.820 --> 00:01:40.320 But hey, I've got to put the kids in the backseat, 39 00:01:40.320 --> 00:01:41.730 so it's really what you need. 40 00:01:41.730 --> 00:01:44.250 And so we mapped the whole market of demand spaces, 41 00:01:44.250 --> 00:01:47.280 particularly around new vehicle purchases. 42 00:01:47.280 --> 00:01:50.370 And then once you created those demand spaces 43 00:01:50.370 --> 00:01:53.550 and you aligned the different models and name plates 44 00:01:53.550 --> 00:01:57.300 to different consumers who had these different needs, 45 00:01:57.300 --> 00:02:00.450 you no longer could do the one-size-fits-all approach 46 00:02:00.450 --> 00:02:03.780 and kind of blast out mass marketing, 47 00:02:03.780 --> 00:02:06.360 and so your team actually built 48 00:02:06.360 --> 00:02:09.960 an AI-driven targeting engine 49 00:02:09.960 --> 00:02:13.770 that you used to help activate against those demand spaces. 50 00:02:13.770 --> 00:02:16.227 Could you talk a little bit more about how you built that 51 00:02:16.227 --> 00:02:18.090 and the impact of that? 52 00:02:18.090 --> 00:02:21.180 So between BCG, Microsoft, and GM, 53 00:02:21.180 --> 00:02:24.720 we built a proprietary targeting approach called Pronghorn, 54 00:02:24.720 --> 00:02:26.640 which incorporates all the first-party, 55 00:02:26.640 --> 00:02:29.760 second-party, third-party data that you can imagine, 56 00:02:29.760 --> 00:02:32.490 but was also back-tested against every other approach we did 57 00:02:32.490 --> 00:02:34.230 and showed lifts against what we had done, 58 00:02:34.230 --> 00:02:36.930 which I thought was just a remarkable accomplishment 59 00:02:36.930 --> 00:02:37.830 by the team. 60 00:02:37.830 --> 00:02:41.039 There are about 200 different audiences that we use, 61 00:02:41.039 --> 00:02:42.900 and that's a lot of audiences, 62 00:02:42.900 --> 00:02:45.150 but that granularity really enables us 63 00:02:45.150 --> 00:02:47.130 to see where actually is the lift 64 00:02:47.130 --> 00:02:49.260 and what is lifting in that segment 65 00:02:49.260 --> 00:02:51.110 versus just kind of a broad approach. 66 00:02:52.080 --> 00:02:55.860 A lot of folks are frustrated with existing brand metrics. 67 00:02:55.860 --> 00:02:59.130 What did you guys do to create a fast-twitch metric there? 68 00:02:59.130 --> 00:03:00.090 It is a great question 69 00:03:00.090 --> 00:03:03.210 because this is the fundamental challenge for automotive. 70 00:03:03.210 --> 00:03:05.377 We created a measurement system that says, 71 00:03:05.377 --> 00:03:08.670 "When you think about a vehicle that would satisfy this need 72 00:03:08.670 --> 00:03:12.960 and give you this image, which brands come to mind?" 73 00:03:12.960 --> 00:03:16.290 And so now, what we do is we have every one of our brands, 74 00:03:16.290 --> 00:03:18.810 four different name plates, has goals 75 00:03:18.810 --> 00:03:22.230 to say how often do they come to mind for that demand space, 76 00:03:22.230 --> 00:03:23.880 and how often do they come to mind 77 00:03:23.880 --> 00:03:25.590 in first, second, or third place? 78 00:03:25.590 --> 00:03:28.050 And that, to me, is a revolutionary way 79 00:03:28.050 --> 00:03:29.733 of approaching brand metrics. 80 00:03:30.990 --> 00:03:33.510 You and your team have accomplished so much 81 00:03:33.510 --> 00:03:36.630 in a very short period of time. 82 00:03:36.630 --> 00:03:39.030 What have you seen from all of this work? 83 00:03:39.030 --> 00:03:42.333 With a significant reduction in marketing, 84 00:03:43.710 --> 00:03:45.150 every brand is stronger. 85 00:03:45.150 --> 00:03:49.260 I don't mean GM is stronger. I mean every brand is stronger. 86 00:03:49.260 --> 00:03:50.940 And let me also say this, 87 00:03:50.940 --> 00:03:55.480 our creative model is producing the highest testing creative 88 00:03:55.480 --> 00:03:58.440 we've seen as far back as the chart goes. 89 00:03:58.440 --> 00:04:00.510 And highest testing in terms of what? 90 00:04:00.510 --> 00:04:03.210 In terms of impact, engagement, and distinctiveness, 91 00:04:03.210 --> 00:04:05.400 which sounds like pretty important things for creative. 92 00:04:05.400 --> 00:04:07.230 And then ROAS, people like to talk about ROAS, 93 00:04:07.230 --> 00:04:09.720 it's up hundreds of basis points for every brand. 94 00:04:09.720 --> 00:04:14.010 So it is a remarkable accomplishment, 95 00:04:14.010 --> 00:04:17.580 99% of which has nothing to do with me, 96 00:04:17.580 --> 00:04:18.600 but has to do with the team. 97 00:04:18.600 --> 00:04:20.294 I was the 1% catalyst 98 00:04:20.294 --> 00:04:22.470 Norm, it has been such a pleasure. 99 00:04:22.470 --> 00:04:24.930 Thank you so much for being here today. 100 00:04:24.930 --> 00:04:28.205 Thank you, and seriously, thank you for the partnership. 101 00:04:28.205 --> 00:04:30.872 (upbeat music)