Learning to Speak 'Boardroom' as a Product Marketer

Kris Carter Kris Carter on · 9 min read
Learning to Speak 'Boardroom' as a Product Marketer

I thought I was fluent in business language until I presented to the board and realized I was speaking a different dialect. Here's how I learned to translate PMM work into boardroom currency.

Three minutes into my first board presentation, I said: "Our new positioning framework has strong message-market fit based on our win/loss analysis and customer research validation."

One of the board members looked up from his phone and asked: "What does that mean for revenue?"

I paused. I thought I'd just explained that—better positioning leads to better win rates, which leads to more revenue.

"Well, better positioning should improve our competitive position, which over time will likely improve win rates and contribute to revenue growth," I said.

He went back to his phone. I'd lost him.

After the meeting, our CEO pulled me aside: "You're speaking PMM language. Boards don't care about positioning frameworks or message-market fit. They care about three things: revenue, market position, and risk. Everything you say needs to translate to one of those three."

That feedback forced me to rebuild how I communicate about PMM work to executives.

The shift wasn't about dumbing down my work—it was about translating it into the metrics and frameworks that boards actually use to evaluate businesses.

The Vocabulary Gap I Didn't Know I Had

For two years, I'd been speaking PMM language fluently:

  • "We repositioned to target operations buyers instead of IT"
  • "Our messaging framework addresses key buyer objections"
  • "We've improved competitive battle card adoption"
  • "Customer research validated our differentiation strategy"

I thought this was business language because it connected to business outcomes.

But when I started presenting to boards, I realized I was speaking a tactical dialect while they operated in a strategic language.

PMM language describes what we're doing.

Boardroom language describes what impact it has on the business.

The translation:

PMM language: "We repositioned to target operations buyers instead of IT."

Boardroom language: "We shifted from IT buyers (18% close rate, $120K ACV) to operations buyers (41% close rate, $180K ACV). This repositioning is tracking to increase average deal size by 50% and improve win rates by 23 points."

PMM language: "Our messaging framework addresses key buyer objections."

Boardroom language: "We identified that 68% of lost deals cited 'too complex to implement' as the primary objection. Our revised messaging positions us as 'operational in 2 weeks, not 2 months'—early testing shows this cuts objection rate in half, which should improve close rates by 15-20%."

Same work. Different framing. The first version describes activity. The second version describes business impact.

Boards don't fund activities—they fund outcomes.

The Three Questions Every Board Statement Must Answer

After bombing that first board presentation, I analyzed recordings of successful exec and board presentations. I found a pattern: Every statement that landed with the board answered at least one of three questions:

Question 1: What's the Revenue Impact?

Boards think in ARR, pipeline, deal size, close rates, expansion revenue, and churn. Every PMM initiative needs to connect to one of these metrics.

Bad: "We launched a new competitive battle card program."

Good: "We launched a battle card program. Competitive win rates improved from 34% to 48% over three months. At our average deal size, that 14-point improvement is worth $2.8M in additional annual revenue."

Bad: "We completed customer research to inform our positioning."

Good: "Customer research revealed our positioning was misaligned with buyer priorities. We updated positioning to emphasize ROI over features. Early results: Average sales cycle decreased from 5.2 months to 3.8 months—effectively increasing sales capacity by 27%."

Notice the pattern: Don't talk about what you did. Talk about the revenue impact of what you did.

If you can't connect your work to a revenue metric, boards don't care about it.

Question 2: What Does This Mean for Market Position?

Boards care about market share, competitive threats, market trends, and strategic positioning because these affect company valuation.

Bad: "Competitor X launched new features that our customers have asked for."

Good: "Competitor X launched enterprise features we don't have. They're now credible in 40% of our target market where they previously couldn't compete. If we don't address this, we're at risk of losing $12M in addressable pipeline over the next 12 months."

Bad: "We're seeing a trend toward product-led growth in our market."

Good: "PLG adoption is accelerating in our market—three of our top five competitors launched free trials in the last six months. Buyers increasingly expect to try before they buy. If we don't offer a trial, we'll be excluded from 60% of buying processes, effectively shrinking our TAM by $80M."

Boards want to know: Are we gaining or losing ground? What market shifts threaten our position? Where are strategic opportunities?

Translate competitive intelligence and market research into market position implications.

Question 3: What Risk Are We Taking (or Avoiding)?

Boards manage risk: customer concentration, competitive threats, market shifts, execution risk, regulatory risk.

Bad: "We identified some concerning churn patterns in our enterprise segment."

Good: "Our top 20 enterprise customers represent 42% of ARR. Three of them are evaluating competitors. If we lose those three accounts, we'd lose $8M ARR (19% of total revenue). We need a retention program targeting this cohort."

Bad: "We're investing in building enterprise features to compete in that segment."

Good: "We're proposing $600K investment in enterprise features. Risk: 18-month payback period with uncertain adoption. Mitigation: We're starting with a $150K MVP to validate demand before full investment. If validation fails, we preserve $450K."

Boards appreciate when you identify risks early and come with mitigation plans.

PMMs who only bring good news don't build board credibility. PMMs who surface risks and propose solutions do.

The Metrics Translation Table I Built

After that first board presentation, I created a translation table to convert PMM work into boardroom metrics:

PMM Work → Board Metric

Competitive battle cards → Win rate improvement → Revenue impact

  • "Battle card program improved win rate 14 points = $2.8M additional ARR"

Repositioning → Deal size and close rate changes → Revenue and efficiency

  • "Repositioning increased avg. deal size 50% and improved close rate 23 points = $4.2M ARR impact"

Customer research → Market validation and risk reduction → Strategic confidence

  • "Research validated positioning with 80% of target buyers—de-risks $15M product investment"

Launch enablement → Sales productivity and ramp time → Capacity impact

  • "Enablement reduced ramp time from 90 to 65 days = equivalent to adding 3 sales reps"

Win/loss program → Loss prevention and market intelligence → Revenue protection

  • "Win/loss identified $3M in preventable losses due to pricing objections—informing pricing revision"

Messaging framework → Objection rate and conversion → Pipeline efficiency

  • "New messaging cut 'too complex' objection rate 50%—expected to improve conversion 15%"

I keep this table open when writing any executive communication. Before I describe PMM work, I translate it into the board metric.

The Sentence Structure That Always Works

The most valuable sentence structure I learned for board communication:

"We [did X]. This resulted in [metric improvement]. The business impact is [revenue/market position/risk outcome]."

Examples:

"We repositioned from IT to operations buyers. This improved our close rate from 18% to 41% and increased average deal size from $120K to $180K. The business impact is $4.2M in additional ARR and 27% more efficient sales capacity."

"We built a competitive intelligence program tracking Competitor X's enterprise push. This gave us 6 weeks advance notice of their pricing change. The business impact is we adjusted our pricing before they launched, protecting $2.8M in at-risk renewals."

"We ran 40 customer interviews to validate our new positioning. 78% of target buyers said it resonated strongly compared to 31% for old positioning. This de-risks our $15M product investment by confirming market demand."

The pattern:

  1. What you did (one sentence)
  2. The measurable result (numbers)
  3. The business impact (revenue, position, or risk)

This structure forces you to think in outcomes, not activities.

How I Learned to Answer "So What?" Before Being Asked

The boardroom version of "so what?" is brutal. If you present information without making the business implication obvious, you get: "Okay... and what should we do about this?"

That question means you buried your point.

Bad board statement: "Win/loss interviews revealed that 45% of lost enterprise deals cited lack of SOC 2 compliance as the primary reason."

Board thinks: "Okay... so what? What do you want us to do?"

Good board statement: "Win/loss interviews revealed 45% of enterprise losses are due to SOC 2 compliance gaps. We're losing $3.6M annually to competitors who have this certification. Recommendation: Invest $180K over 6 months to obtain SOC 2, which should recover $2-3M of that lost revenue annually. ROI payback in 3-4 months."

The difference: The second version doesn't make the board ask "so what?"—it answers the question preemptively.

Every piece of data you present to a board should include:

  • The finding
  • The business impact
  • The recommended action (or strategic implication)

If you're presenting information without a recommendation, you're wasting board time.

The Uncomfortable Moment That Taught Me About Strategic Framing

Six months after my failed board presentation, I was presenting competitive analysis again.

I opened with: "Competitor X raised $50M Series B and is aggressively hiring in enterprise sales. Their ARR grew 180% last year compared to our 95% growth. They've launched features in compliance and security that we don't have. We're seeing them in 60% of our enterprise deals, up from 30% last year."

A board member interrupted: "So are we losing or winning?"

I fumbled: "Well, they're growing faster and appearing in more deals, but our win rate against them is still 42%..."

He cut me off: "That's not what I asked. Are we in a stronger or weaker competitive position than 12 months ago?"

I realized I'd presented a bunch of facts without framing them strategically.

The right answer: "Our competitive position has weakened in enterprise but strengthened in mid-market. Here's what that means for our strategy..."

Boards don't want information—they want strategic assessment.

Don't present data and let them interpret it. Interpret it for them and make a recommendation.

The Before-and-After of My Board Communication

Before learning boardroom language:

"We've implemented a new messaging framework based on customer research. The framework addresses three key buyer personas with tailored value propositions. We've trained 85% of sales on the new messaging and seen strong adoption in call recordings. Early customer feedback has been positive."

Board reaction: Polite nods, no questions, forgotten immediately.

After learning boardroom language:

"We updated messaging based on research with 40 buyers. The new messaging positions us on ROI instead of features. Results: Average sales cycle decreased from 5.2 to 3.8 months (27% faster), and we're seeing 22% fewer pricing objections. Business impact: This sales cycle reduction effectively adds $3.2M in sales capacity without hiring more reps."

Board reaction: Questions about how we validated the messaging, whether results will sustain, what we're doing to accelerate adoption—engaged strategic discussion.

Same work. Different communication. Completely different board engagement.

The Three Words That Lose Boards (And What to Say Instead)

Word 1: "Positioning"

Boards hear this and think: marketing fluff.

Instead say: "How we differentiate to win deals"

Example:

  • Don't: "We're repositioning our platform"
  • Do: "We're changing how we compete—targeting operations teams instead of IT because operations deals close 2x faster at 50% larger deal sizes"

Word 2: "Messaging"

Boards hear this and think: copywriting.

Instead say: "What we say to close deals" or "How we overcome objections"

Example:

  • Don't: "We updated our messaging framework"
  • Do: "We changed what sales says in first calls to address the #1 objection—which cut objection rate 40% and improved close rate 15%"

Word 3: "Enablement"

Boards hear this and think: training programs.

Instead say: "How we make sales more productive"

Example:

  • Don't: "We launched a new enablement program"
  • Do: "We reduced sales ramp time from 90 to 65 days—equivalent to adding 3 reps without hiring"

The pattern: Boards don't care about PMM activities. They care about business outcomes.

Translate PMM language into business impact language.

How to Present Market Research Findings to Boards

Boards don't care about research methodology or sample sizes. They care about strategic implications.

Bad research presentation:

"We conducted 30 customer interviews and 2 focus groups with enterprise buyers. We used a combination of qualitative and quantitative methods. Key findings included: 68% mentioned implementation complexity, 52% cited integration concerns, 41% wanted more professional services..."

Good research presentation:

"Research with 30 enterprise buyers revealed we're losing deals because buyers think we're too complex to implement. We repositioned around 'operational in 2 weeks, not 2 months.' Early testing: This cuts the complexity objection rate 50%, which should improve close rates 15-20%, worth $2.4M annually."

The translation:

  • Boards don't care about methodology → Skip it unless asked
  • Boards don't care about findings → They care about implications
  • Boards don't care about percentages → They care about revenue impact

Present research as: Strategic insight → Business impact → Recommended action

When Board Language Actually Matters (Beyond Board Meetings)

Learning to speak boardroom language didn't just help me in board meetings—it changed how executives responded to everything I presented.

CEO emails became more responsive:

Old subject line: "Competitive Analysis Update" New subject line: "Competitive Alert: $3M Enterprise Revenue at Risk"

Old email got read eventually. New email got forwarded to exec team within 10 minutes.

Exec presentations got more engagement:

Old opening: "Today I'll present our Q2 positioning research findings" New opening: "Our research revealed we're positioned in the wrong category—costing us $4M in pipeline. Here's how we fix it."

Old opening: Execs checked phones. New opening: Execs leaned in.

Project approval became faster:

Old proposal: "We should invest in a competitive intelligence platform to improve our battle card program" New proposal: "We're losing $3.2M annually in competitive deals due to outdated intelligence. Investing $40K in a CI platform should recover $1.5M of those losses. ROI payback in 4 months."

Old proposal: Stuck in approval process for 2 months. New proposal: Approved in 3 days.

Learning boardroom language isn't just about boards—it's about communicating business value to anyone who makes budget and strategy decisions.

The Uncomfortable Truth About PMM Language vs. Board Language

Most PMMs resist learning board language because it feels like we're reducing sophisticated work to crude metrics.

We spent weeks on that positioning framework. We interviewed 40 customers. We tested 5 different messaging variations. We ran statistical analysis on which resonated best.

And we're supposed to reduce that to: "We changed positioning and close rates improved 15%"?

Yes. That's exactly what you're supposed to do.

Boards aren't dismissing the sophistication of your work when they ask for business impact—they're trying to evaluate whether the sophistication delivered results.

You can have the most rigorous positioning framework in the world. If it doesn't improve win rates or deal size or sales efficiency, it doesn't create business value.

Boardroom language forces PMMs to be accountable for outcomes, not just activities.

That's uncomfortable because sometimes the sophisticated work we do doesn't move metrics. But that discomfort is valuable—it forces us to focus on work that actually matters.

The PMMs who speak fluent boardroom language:

  • Translate every initiative into revenue, market position, or risk impact
  • Lead with business outcomes, not activities
  • Answer "so what?" before being asked
  • Frame data as strategic assessment, not raw information
  • Use board metrics: ARR, win rate, deal size, market share, churn

The PMMs who stay stuck in PMM language:

  • Describe what they're doing, not the impact it has
  • Present information and expect others to interpret it
  • Use PMM jargon: positioning, messaging, enablement, frameworks
  • Focus on methodology and process over outcomes

The difference in career trajectory is dramatic. PMMs who speak board language get invited to strategic conversations. PMMs who speak PMM language get excluded from them.

You don't need to abandon PMM language with your team. But when you're talking to executives, boards, or anyone who controls budget and strategy—speak their language.

Revenue. Market position. Risk.

Everything you do as a PMM should translate to one of those three. If it doesn't, boards don't care about it.

Learn to make that translation automatic, and you'll go from being a tactical executor to a strategic advisor.

That's when your career accelerates.

Kris Carter

Kris Carter

Founder, Segment8

Founder & CEO at Segment8. Former PMM leader at Procore (pre/post-IPO) and Featurespace. Spent 15+ years helping SaaS and fintech companies punch above their weight through sharp positioning and GTM strategy.

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