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	<title>Page Array &#8211; The Cog Blog</title>
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		<title>It&#8217;s Time To Talk About META</title>
		<link>https://www.bjanda.com/blog/its-time-to-talk-about-meta/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 07:54:32 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1979</guid>

					<description><![CDATA[Really? Do we have to? Can’t we find something else to do? There’s hair to be washed, dogs to be walked, drying paint to be monitored. Anything rather than spend any time at all discussing a nerd and his algorithms. But our friends at what rather wonderfully used to be 1 Hacker Drive (now 1 [&#8230;]]]></description>
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<p>Really? Do we have to? Can’t we find something else to do? There’s hair to be washed, dogs to be walked, drying paint to be monitored. Anything rather than spend any time at all discussing a nerd and his algorithms.</p>



<p>But our friends at what rather wonderfully used to be 1 Hacker Drive (now 1 Meta Way) are again making headlines. They have been fined US$18 billion, an amount I rather naively thought was a lot. It isn’t, as we shall see. META&#8217;s share price promptly went up.</p>



<span id="more-1979"></span>



<p>The Facebook (as it used to be known) had started so promisingly, assuming we can get past the rather creepy idea of frat boys ranking girls. The notion of connecting people through common interests as opposed to geography, is a strong and enduring one.</p>



<p>Like everyone else I thought it a grand idea. I wrote any number of what I see from a distance are cringingly embarrassing posts containing my thoughts on plays I had seen, sports events in which I had an interest, and news of my children and grandchildren.</p>



<p>I no longer post except to thank everyone for any kind birthday wishes they may choose to send me. I sense I am not alone. I’m sure META doesn’t miss me.</p>



<p>Those of us who spend far too much of our time monitoring these things noticed something was awry 9 years ago. ‘The Guardian’ journalist Carole Cadwalladr unearthed the Cambridge Analytica scandal in 2017 / 2018, the first time many became aware that using personal data without permission could have serious and unforeseen consequences.</p>



<p>Things didn’t improve – Sarah Wynne Williams’ peerless book, ‘Careless People’ diarises the various trip-ups along a journey leading from ‘good guys connect people and improve society’ to ‘nerds use data to harm children’.</p>



<p>From our industry’s perspective there is a dichotomy. META is around 97% funded by advertising. META doesn’t give a fig for what advertisers think.</p>



<p>In 2020, concerned with the way the business was going, a number of big name <a href="https://www.bjanda.com/blog/the-consequences-of-the-facebook-ad-blockade/">brands boycotted Facebook</a>. It had zero effect. Every so often someone (notably P&amp;G) pops up to say they will only advertise on channels with independently verified measurement systems, regulated content, control over ad placement and so on.</p>



<p>Facebook shrugs, they know that at any given moment META has about 10 million advertisers. No-one advertiser or group of advertisers can possibly pressure them into doing anything they don’t want to do.</p>



<p>If advertisers can’t do anything, the public can. META has been up in court in the US, in a case which could in theory have had serious implications for their operations. Fines in the trillions of $ were being discussed (META turnover is about US$200 billion, their market cap is about US$1.4 trillion).</p>



<p>META settled for a measly ‘up to’ US$18 billion. To remind us all:</p>



<ul><li>According to Reuters META makes about US$18 billion from fraudulent ads (META disputes this, suggesting the real figure is about US$5 – US$7 billion. So that’s alright then).</li><li>The changes META has committed to making are only in the US.</li><li>They only get to pay the full amount if their competitors make changes to their products too. META becoming a regulator of others’ actions is a weird idea, even in an age of weird ideas.</li><li>They have 10 years to pay.</li></ul>



<p>Whilst a great deal of money to those bringing META to court, this is small change to META. I guess the question is: is this about helping those affected, or forcing change at META?</p>



<p>If you’re a complainant, you would surely settle for such a sum. If you were META, knowing how long this could take, how much worse your CEO testifying could make it, and how damaging a huge fine could be, you would settle too.</p>



<p>Whatever the implications of this trial (there will no doubt be other trials), META has lost the town hall. They’re seen as the bad guys. Even those who like their products abhor their corporate behaviour. This stuff trickles down. It may take a while but trickle down it does.</p>



<p>META and Zuckerberg may not care what advertisers think of their behaviour, but that doesn’t stop them lecturing the advertising business on how it should conduct itself.</p>



<p>A summary would go: give us the budget, we’ll do the ads, test the ads, improve the ads, write the plan, place the buys, measure the effect. We’ll do it all and save you a fortune in fees.</p>



<p>Watching META handle their own corporate communications, launch their own products (‘Pervert Glasses’ didn’t take long to catch on, did it?), and manage their own PR suggests they’re the last people to entrust with your money.</p>



<p>Meantime there’s a ‘last days of the Roman Empire’ vibe about all this. <a href="https://www.theguardian.com/commentisfree/2026/aug/28/meta-18bn-settlement-mark-zuckerberg-tech-titans-power-harm">As Jonathan Freedland writing in The Guardian</a> said considering the US$18billion settlement: “META has swerved judgement day. But that day must come.”</p>
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		<title>Lessons from Spock</title>
		<link>https://www.bjanda.com/blog/lessons-from-spock/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 24 Aug 2026 10:44:12 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1975</guid>

					<description><![CDATA[For the benefit of those Cog Blog readers younger than me (that will be about 99%) Spock is a fictional character from the Star Treck franchise memorably played by Leonard Nimoy. Spock is defined by his love of logic. He’s half human, half Vulcan; illogicality is a curious phenomenon that doesn’t exist in his world. [&#8230;]]]></description>
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<p>For the benefit of those Cog Blog readers younger than me (that will be about 99%) Spock is a fictional character from the Star Treck franchise memorably played by Leonard Nimoy. Spock is defined by his love of logic. He’s half human, half Vulcan; illogicality is a curious phenomenon that doesn’t exist in his world.</p>



<p>According to the Star Treck fan website, Warp Factor Treck, Spock ‘defines logic as the absolute rejection of emotion in decision-making, using cold reason, empirical data, and probability’.</p>



<p>Advertisers have a choice where to place their ads, even if in some instances they have little control over where they eventually end up.</p>



<span id="more-1975"></span>



<p>Take broadcast or linear TV as an example. Historically the marketers’ choice (remember those ‘as seen on TV’ stickers?) TV as defined delivers memorable moments, is safe (content, including ads, needs to be deemed acceptable by regulators), and is by and large enjoyed by those exposed to it. The ads appear in a separate space, with a limited number of other advertisers in breaks within the content. The advertiser decides where.</p>



<p>It works too; there are volumes of studies and papers to show what others have done and the benefits they’ve accrued. One reason for the documenting of its success is that TV’s audience and delivery is measured via systems created by and for the industry.</p>



<p>Compare and contrast with social media, a channel enjoyed, or suffered by an audience of billions every month. Advertisers are free to say whatever they like – even if that involves inventing and selling non-existent products. Regulations allegedly exist, but where they do they’re internal and are not subject to any real scrutiny or external influence.</p>



<p>Ads appear where the channel decides, including on a network of like-minded partner sites (you can opt-out, always assuming you know how).</p>



<p>SM advertising works; we know that because the sites say so. They measure and define audiences in their own way. They are it seems all for verification and validation, as long as it’s them doing the validating and the verifying.</p>



<p>Some say social media causes harm, even that platforms are designed to ensnare and entrap audiences. Some say they’re addictive, even designed to be so. The platforms don’t agree; the reality is they don’t care what you think of what they do or how they do it.</p>



<p>In any logical world where advertising is placed would be decided by a combination of control over where the ad finally appeared, and the likelihood of it working by delivering a measured benefit. The likes of price and audience would be inputs not outputs.</p>



<p>Media professionals know all this, there are plenty of smart media agency and media vendor executives. The vast majority think that a world wherein 3 US-headquartered online businesses, operating to their own rules and oblivious to advertiser, regulator or even Government concerns, take two thirds of UK ad expenditure is nuts.</p>



<p>If the professionals know this is crazy, and if they are as well informed as they are, why do their clients do the exact opposite to what logic suggests they should do? Are agencies these days so removed from the real decision makers in client companies that nobody with any real say over budget allocation cares about, or even hears their advice?</p>



<p>Or are agencies so complicit in the hopeless placing of their clients’ ads that they would rather keep quiet?</p>



<p>This is dangerous territory. If advertising on channels taking 66% of adspend doesn’t work (by which I mean doesn’t deliver a measurable and real return) what do we think will happen?</p>



<p>Here are my predictions.</p>



<ul><li>Those voting with their wallets for the platforms won’t take any responsibility for any failure.</li><li>The platforms will blame the creative misuse of their channels.</li><li>Nobody will own up to making the wrong channel choice in the first place.</li><li>The conclusion will be that advertising these days, wherever it appears just doesn’t work. That is just how it is, these days.</li></ul>



<p>Then what?</p>



<p>Spock, a fictional character after all, had this to say:</p>



<p>“In critical moments men sometimes see exactly what they wish to see.”</p>



<p>And: “Without followers evil cannot spread.”</p>



<p>That second one is a subject for another day.</p>
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		<title>How Soon We Forget</title>
		<link>https://www.bjanda.com/blog/how-soon-we-forget/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 10 Aug 2026 14:18:33 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1969</guid>

					<description><![CDATA[I’ve only ever worked in the advertising industry, my experience in other professions is not just limited, it’s zero. Our industry seems to have the memory of a hamster. Our institutional capacity to learn is limited, I suspect it’s worse than most other industries. This may explain why many self-declared experts, influencers and commentators on [&#8230;]]]></description>
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<p>I’ve only ever worked in the advertising industry, my experience in other professions is not just limited, it’s zero. Our industry seems to have the memory of a hamster. Our institutional capacity to learn is limited, I suspect it’s worse than most other industries.</p>



<p>This may explain why many self-declared experts, influencers and commentators on my feeds seem to believe that they invented advertising.</p>



<span id="more-1969"></span>



<p>To many, all knowledge begins and ends with their latest ‘discoveries’ and ‘insights’.</p>



<p>And yet advertising did exist, in fact it rubbed along pretty well, before the days of the internet.</p>



<p>It’s not that this group thinks history is ‘bunk’; it’s more that it doesn’t exist. For them, advertising (like sex) just happened; as Philip Larkin wrote: “Sexual intercourse began in 1963 (which was rather late for me)”.</p>



<p>What matters to today’s professionals is the present and the future. What should matter is using yesterday’s mistakes and successes to do better today and tomorrow.</p>



<p>It was often said by ad people that everyone is an expert in two things: their own job and advertising. This was inevitably accompanied by a wry smile, and the rather pleasant (misplaced) sensation that what we did was of such interest and consequence to the population as a whole that everyone felt it necessary to have an opinion.</p>



<p>The ‘everyone’s an expert…’ quote came from the days when ‘advertising’ meant the creative work. In just the same way that everyone has an opinion on art, or literature, so it was with ads.</p>



<p>Today, ‘advertising’ means more than the ads (it always did to be fair but the perception was otherwise), and thus the number of ‘experts’ has multiplied from those who know a lot about the actual ads to those whose self-confessed expertise is at best tangential to the end result.</p>



<p>Having an opinion is of course absolutely fine. Having an opinion at odds with mine is to be welcomed. My problem lies with those implying that their opinion is supported by evidence when it isn’t.</p>



<p>Or that their opinion is based on an insight of such startling originality that the industry as a whole should sit up, take notice and start issuing the speaking invitations and requests for personal appearances. Whereas in fact the same idea has been knocking around for decades, unheralded.</p>



<p>It would be unkind to single out individuals but it would be smart if those seeking to influence us all do at least the bare minimum of research before letting rip.</p>



<p>As for those of us exposed to multiple opinions, next time you read a blog, a post, a trade piece, or a podcast, at least ask your inner cynic whether the credentials of those doing the expressing make their opinions worth your time. Are their comments truly well-informed or are they just filling space?</p>



<p>There are plenty of people around with masses of valuable experience they’re prepared to share, however poor we are as an industry at cataloguing and formalizing.</p>



<p>Seek them out, read their generous posts and outputs, reach out to them. Listen to the right people, not the loudest.</p>



<p>Principles endure, however much how they’re executed may change.</p>
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		<title>Church and State</title>
		<link>https://www.bjanda.com/blog/church-and-state/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 27 Jul 2026 10:29:32 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1965</guid>

					<description><![CDATA[In the days when newspapers set the daily news agenda much was made of the ‘church and state’ argument. This made clear that advertisers had zero impact over the judgement of Editors, that Editors’ decisions were sacrosanct and not for sale. The same rule applied to TV – advertisers had no right to pressurise those [&#8230;]]]></description>
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<p>In the days when newspapers set the daily news agenda much was made of the ‘church and state’ argument. This made clear that advertisers had zero impact over the judgement of Editors, that Editors’ decisions were sacrosanct and not for sale.</p>



<p>The same rule applied to TV – advertisers had no right to pressurise those responsible for content.</p>



<p>Consumers bought, read, and believed the newspapers they chose not on the basis of who was advertising in them but on the editorial content.</p>



<span id="more-1965"></span>



<p>This did not always work, as two examples separated by over forty years show.</p>



<p>The 1972 thalidomide scandal and the role played by what was then Distillers, was a ‘The Sunday Times’ Insight Team exclusive. At the time the paper was edited by Harry Evans. Evans met with his Advertising Sales Director Donald Barrett ahead of the story breaking. In his 1983 book ‘Good Times, Bad Times’ Evans recalls Barrett pointing out: “Distillers are our largest single advertiser …. I know that won’t stop you and it shouldn’t.” Distillers duly pulled all their advertising from ‘The Sunday Times’.</p>



<p>Contrast ‘The Sunday Times’ stance with that of ‘The Daily Telegraph’ in 2015, edited at the time by Chris Evans. Peter Oborne was Chief Political Commentator at the paper when a global story concerning the banking group HSBC and a tax avoidance scheme known as the ‘Swiss Leaks’ broke. The story was uncovered by a group of investigative journalists organised by The International Consortium of Investigative Journalists and involving ‘The Guardian’, the BBC’s Panorama team, and ‘Le Monde’ amongst others.</p>



<p>Oborne maintained he was stopped from writing about the scandal in ‘The Telegraph’ as a result of that paper’s commercial relationship with HSBC and duly resigned. &nbsp;</p>



<p>‘The Telegraph’ denied this, although they didn’t cover the story at all on the day it broke; 5 days later they buried six paragraphs at the bottom of page 2.</p>



<p><a href="https://www.bjanda.com/blog/the-telegraph-chicken-and-egg/">The Cog Blog covered this story at the time</a>, and made the point that this episode would weaken ‘The Telegraph’ in the eyes of its readers.</p>



<p>“By allegedly giving in to an advertiser and downgrading a news-story everyone else seems to think is important ‘The Telegraph’ will have diminished itself in the eyes of its readers.<br>It seems more than likely that readership will drop, across all platforms.<br>‘The Telegraph’ will thus lose ad revenue.<br>And all because ‘The Telegraph’ didn’t want to lose ad revenue.”</p>



<p>Today, 54 years after thalidomide and 11 years after HSBC the line between church and state has blurred, an inevitability given the changes in how and from where consumers receive the news.</p>



<p>Journalists aren’t angels, as Leveson showed, but at a time when the very concept of truth seems at best elastic, we need investigative journalism, committed to uncovering the facts more than ever.</p>



<p>The church and state division was a factor in the existence of a strong, independent media sector. Something everyone, including advertisers welcomed.</p>



<p>Peter Oborne’s current home is ‘Byline Times’, a bastion of breaking stories others chose to ignore.</p>



<p>Another out of the same mould is ‘The Nerve’ set up by five journalists unhappy that their home, ‘The Observer’ was to be sold. One of these is Carole Cadwalladr, whose investigations include breaking the Cambridge Analytica / Facebook story of 2018, and unearthing details around the funding of what is now Reform UK, its leader Nigel Farage and the role played by George Cottrell. A story that has now been picked up by ‘The Sunday Times’.</p>



<p><a href="https://www.thenerve.news/p/nigel-farage-carole-cadwalladr-brexit-party-arron-banks-george-cottrell-funding-electoral-commission?utm_source=www.thenerve.news&amp;utm_medium=newsletter&amp;utm_campaign=farage-brexit-and-me-carole-cadwalladr-s-untold-story-weekend-edition&amp;_bhlid=b97f01ecc964a6072a503ad7b91ac6ea4824b426">Carole’s piece is here</a>, and is very well worth a read.</p>



<p>Those interested in maintaining a free, quality, varied press might consider subscribing to titles like <a href="https://bylinetimes.com/category/media/newspapers/">Byline Times</a> and <a href="https://www.thenerve.news/membership">The Nerve</a> to ensure that voices like Cadwalladr’s and Oborne’s are not buried by those with something to hide. Investigative journalism is time-consuming and expensive, hardly fashionable in an era of squeezed ad revenues and diminishing attention spans.</p>



<p>To those who argue there’s no appetite for the long game, consider ‘Private Eye’ – a physical title that sells over 230,000 copies (all paid-for), has a readership over 1 million and which has been banging the investigative drum for over 60 years.</p>



<p>I started with Harry Evans, one of our greatest ever newspaper editors. To paraphrase him from many years ago (he died in 2020): ‘the coming of native advertising makes it even more important that Editors should have the final say over what goes in the newspaper’.</p>



<p>Today, many get their news from platforms that go out of their way to avoid being held responsible for what appears on their sites. We’re all editors now, or so say those championing ‘freedom of speech’, a concept that shape-shifts when it leads to exposing certain factions.</p>



<p>Most of us are as unsuited to be editors as we are to be copywriters.</p>



<p>The church versus state notion matters. Advertisers shouldn’t influence journalists. Nor should politicians.</p>



<p>When it comes to reporting the news, details change; principles endure.</p>
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		<title>Time To Share</title>
		<link>https://www.bjanda.com/blog/time-to-share/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 20 Jul 2026 10:39:05 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1963</guid>

					<description><![CDATA[Deep breath, it’s time to open up and share my media habits. Why? Sometimes a sample of one can bring a dose of real life to numbers on a page. Most of us aren’t particularly unusual, and it can be revealing to examine one’s own behaviours as an indicator of why a certain type of [&#8230;]]]></description>
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<p>Deep breath, it’s time to open up and share my media habits. Why? Sometimes a sample of one can bring a dose of real life to numbers on a page. Most of us aren’t particularly unusual, and it can be revealing to examine one’s own behaviours as an indicator of why a certain type of person does what he or she does.</p>



<span id="more-1963"></span>



<p>Every day I read a newspaper. A printed, physical thing that I have delivered. I also read articles and features from my chosen newspaper and others online.</p>



<p>Some items I prefer to read in the physical paper. I don’t know why this is. I just know I do it; it’s a pleasure to read certain content with no online distractions.</p>



<p>I subscribe to two hard-copy UK magazines delivered by mail, several online titles and Substacks, trades and nationals, general interest and specialised, mainly from the UK, Australia and the USA.</p>



<p>I do watch some old-fashioned TV, and also use / subscribe to several streaming services which I buy, cancel, return to, cancel again depending on what’s on offer. I can never remember what’s on what service. I am a frequent user of the BBC sports service on my mobile.</p>



<p>I look at Facebook, largely from between my fingers. My active use of it has declined over the years. Looking back at past posts is interesting but rather embarrassing (who cares about my knee-jerk reaction to some event?), which may be why I have stopped posting. I can’t be bothered with Instagram. I do use WhatsApp.</p>



<p>I share as little data as possible. I never buy off-the-page from a platform, rather I will go to the brand’s website or to a retail site. I guess I have a fear of being harassed for evermore.</p>



<p>I am uninterested in TikTok but can see the attraction. I used to quite like Twitter; I stopped when it became X. Too much rage, too much hate. I find Bluesky interesting but never contribute. I find LinkedIn infuriating, but that doesn’t stop me posting professionally.</p>



<p>I rarely listen to podcasts. To be honest, I struggle to imagine how they fit into my day.</p>



<p>YouTube is OK but the way they insert ads into content is imbecilic and stops me watching the channel more.</p>



<p>I listen to the radio. I subscribe to an audio books service; I buy physical books. I notice posters and whatever I come across that promotes brands in stores. I see direct mail and wonder why I get so many random ‘Dear Sir or Madam’ letters in an age of AI.</p>



<p>I am unsurprisingly impacted by advertising and having been in the business for so long I like to think I’m quite good at deconstructing what influences me and why.</p>



<p>I suppose I am a heavy consumer of media channels, nothing like as thorough as some of my professional contemporaries but far more involved than most of my non-ad-industry friends. Which is hardly surprising.</p>



<p>There are some very basic lessons from my sample of one.</p>



<p>First, I use different channels for different things, and yet far too often the ads I see on these channels are not in any way designed to fit into how the channel is used. Rather, they’re jammed in willy-nilly. The more the merrier. Often the customer experience is truly dire, too many ads, too poorly displayed, too interruptive. This is particularly (and sadly) true of far too many news brands.</p>



<p>Next, I use a variety of media. Most of us do. The suggestion that anyone wanting to brand build can run an effective, successful campaign by handing over their dollars to any single supplier, however big and letting them get on with it is delusional.</p>



<p>I recently bought a high-ticket item within a category in which I am by no means an expert. Thinking back over my ‘journey to purchase’ I knew the name and something of a couple of brands’ values from TV commercials. I saw and read a physical print ad from one of these companies with the detail. I researched the product and a couple of alternatives online. I bought my choice from the company’s website.</p>



<p>Since buying I have been inundated with online ads to buy another similar product from someone else. Why would I want to do that? I have already spent my money. The principle behind retargeting may be sensible, the execution of it is crass.</p>



<p>All of this is so very basic it feels as if it belongs in ‘Janet and John Do Advertising’. Yet the most basic tenets of successful advertising are being routinely ignored every day (follow Nick Manning’s frequent examples of mistargeted slop on his social feed for a laugh turning rapidly into a groan).</p>



<p>Who is advising clients what to do? Where’s the experience, the lessons learned? I don’t mean the data, the souped-up spreadsheets; I mean how to scatter magic over a good idea to make it sparkle with brilliance.</p>



<p>This is what agencies do or did. Today too many of them spend too long obsessing over numbers. Twenty years ago, the great Marilyn Baxter wrote a booklet called <a href="https://www.bjanda.com/blog/magic-logic-and-money-in-media-agencies/" data-type="URL" data-id="https://www.bjanda.com/blog/magic-logic-and-money-in-media-agencies/">Magic and Logic. </a>We’re out of sync.</p>
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		<title>Where Did It All Go Wrong For Agencies?</title>
		<link>https://www.bjanda.com/blog/where-did-it-all-go-wrong-for-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 13 Jul 2026 09:12:32 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1959</guid>

					<description><![CDATA[These are not happy times for agencies, or indeed for the ad industry as a whole. Wherever you look you fall over issues: agencies not trusted, META et al offering to handle all activities, in-housing on the rise, creative slop, fraud (both consumer and advertiser), local CEOs being thrown in prison. It’s hardly a laugh [&#8230;]]]></description>
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<p>These are not happy times for agencies, or indeed for the ad industry as a whole. Wherever you look you fall over issues: agencies not trusted, META et al offering to handle all activities, in-housing on the rise, creative slop, fraud (both consumer and advertiser), local CEOs being thrown in prison. It’s hardly a laugh a minute in adland at the moment.</p>



<p>It may be useful to look back at the mistakes of the past in the hope that at least we might avoid them in the future.</p>



<span id="more-1959"></span>



<p>You’ll note that I think there is a future. Not everyone agrees, but let’s assume for the purposes of this that I’m right and we at least have a chance.</p>



<p>When media agencies (or media independents as they were then called) emerged from the old full-service agencies the pitch was simple. First, reduce overheads (no flash offices) so we can keep our fees low. Second, focus entirely on trading, a single-mindedness that leads to cheaper media that can be audited. Planning can always stay with the creative agency. Third (related to the second) this is all we’ve got; we have to be good to survive. &nbsp;</p>



<p>This was a genius sell; and of course advertisers lapped it up.</p>



<p>But life’s never simple. Separating planning from trading made no sense. It also made little sense to separate planning from creative but it was a matter of the lesser of two evils. So in by far the majority of cases planning moved. With planning came a new layer of service for the new media agencies; and with too many sellers and not enough buyers the battle was on to keep prices (fees and media costs) low.</p>



<p>Mistake number one: don’t add services for free.</p>



<p>It’s not that agencies didn’t try charging for planning, it’s just they weren’t great at explaining the client benefits. Easier to keep fees low and make money from vendors.</p>



<p>Mistake number two: don’t make money from anyone except clients, unless of course the client agrees. Eventually you’ll get found out and it will all get messy.</p>



<p>Then there was the matter of media research. This had always been a Cinderella discipline within full-service agencies. It was where I started my career, so I speak from personal experience when I say that nobody outside the magic circle of specialists was terribly interested. Everyone knew that measuring audiences was important, after all we had to trade on something, it was the ‘how’ that was to so many so very tedious.</p>



<p>Further, clients really didn’t care about the how (‘I leave all that to my agency’), and the agencies saw no reason to try to convince them. Could they charge for it? Could they make the case? No, and no.</p>



<p>Mistake number three: if you want to be serious about any business you need to understand how every aspect of it works. Otherwise, how are you to know when certain actors start to break the conventions? How to assess the consequences before it’s too late?</p>



<p>Finally, just because it’s easy doesn’t mean it’s right. It’s easy to confuse effectiveness with efficiency, especially when you have a ready-made metric to evaluate one, and the other is oh-so-complicated.</p>



<p>Mistake number four: don’t give the client what he thinks he wants, give him what your experience and expertise tell you he needs.</p>



<p>I believe agencies are well-placed to provide clients with the advice they need.</p>



<p>I agree with <a href="https://uk.themedialeader.com/sit-down-nick-the-media-agency-isnt-done-its-becoming-what-clients-have-always-needed/">Goodstuff’s Simeon Adams</a> when he argues in The Media Leader: “We experiment across dozens of categories, channels and audiences. We see hundreds of marketing problems every year. We build technology, test new workflows, learn quickly and transfer that knowledge from one client to another. That accumulated experience is precisely why agencies remain valuable.”</p>



<p>I would go further. What clients want is successful brands; the most successful brands have something valuable: fame. With fame comes irrational loyalty, premium pricing, a buffer against adversity. These things can be built in many ways, including outstanding customer service, a consumer interface that works smoothly, a product that delivers consistently, and, yes great advertising.</p>



<p>Great advertising as I hope (but sometimes doubt) we all know comes from rigour, from questioning everything, from looking at the problem from every direction, from collaboration between specialists, from open-mindedness.</p>



<p>The process is helped immeasurably by AI but process is one thing, creative genius focussed on solving problems is something else.</p>



<p>In 1982, John Hegarty saw ‘Vorsprung durch Technik’ (it was an old ad slogan from the 1970s, long discarded) on a faded poster on the wall of an Audi factory.</p>



<p>Today I suppose he might have come across it via LLMs and AI, but that misses the point. He was a creative guy in an Audi factory, interrogating the product. I imagine he was meeting engineers, technicians, the people who made the thing he was charged with promoting. He was asking questions, he was exploring avenues.</p>



<p>I have no idea if anyone has ever worked out what Vorsprung durch Technik has been worth to that brand, but I do know that selling the worth of what we do is something we’ve been hopeless at over the years.</p>



<p>With the huge number of SME’s operating without any understanding of marketing, and without any agency relationship the opportunity for agencies is colossal.</p>



<p>Don’t let’s mess it up. Again.</p>
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		<title>Paying Attention to Planning</title>
		<link>https://www.bjanda.com/blog/paying-attention-to-planning/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 07 Jul 2026 14:26:59 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1955</guid>

					<description><![CDATA[During her presentation to the Advertising: Who Cares? event last month, IPSOS’ Samira Brophy quoted Charles Vallance, Founder of VCCP in a piece he called The Tyranny of Targeting: “Modern media analytics is in danger of reducing the medium back to being the medium alone. If we continue down this path, we may end up [&#8230;]]]></description>
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<p>During <a href="https://www.youtube.com/watch?v=Bcb_I3a9DXw">her presentation to the Advertising: Who Cares? event</a> last month, IPSOS’ Samira Brophy quoted Charles Vallance, Founder of VCCP in a piece he called The Tyranny of Targeting:</p>



<p>“Modern media analytics is in danger of reducing the medium back to being the medium alone. If we continue down this path, we may end up on a fool’s errand, mistaking accuracy for effectiveness and precision for persuasion.”</p>



<span id="more-1955"></span>



<p>This is not a new thought (Charles’ original piece appeared in ‘Campaign’ over ten years ago) but it is one we have studiously ignored.</p>



<p>Today, big numbers rule. It is extraordinary how so many smart people can become obsessed with a metric that is both so superficial and at the same time so provably (and ironically) so meaningless.</p>



<p>Many people, <a href="https://uk.themedialeader.com/cost-per-meaningless-thousand/">including Omar Oakes</a> and Karen Nelson-Field have used the descriptor cost-per-meaningless-thousand. As Karen puts it in Omar’s opinion piece: “There’s nothing about effectiveness and efficiency that comes with CPM…. yet we all rely on it every day of our lives, as if the cheaper it is, the better it is.”</p>



<p>Omar concludes: That’s why CPMs are misleading: they ignore attention and treat all impressions as equal, turning “cost per thousand” into a “cost per meaningless thousand.”</p>



<p>In one sense we have come a long way. Many old gits like me will recount how we’ve always used ‘attention’ to particular formats, and positions in planning. That is true, in the sense that we all instinctively knew that first-in-break generated more attention (less time to leave the room to put the kettle on…) and that outside back-covers were widely noticed by those not reading the magazine.</p>



<p>Today we don’t have to rely only on instinct. Karen Nelson-Field’s business, Amplified has been working away using AI to find patterns in the approximately 50 billion data points collected over close to a decade.</p>



<p>An independent South African media agency, Connect, part of the UP and Up Group has negotiated the rights to what is called AttentionAI across African markets.</p>



<p>There are several things interesting about this.</p>



<p>First, it’s an indie agency, and its Chief Operating Officer Scott Reinders that has spotted the potential and moved to do something with it.</p>



<p>Second the potential lies in using attention as a planning aid not ‘just’ as a post-campaign evaluation metric.</p>



<p>For something to be used to write plans across a range of advertisers it needs to be based on robust, trusted data. 50 billion data points would seem at first glance to meet the robust threshold; Karen Nelson-Field is clearly a trusted researcher.</p>



<p>As a planning aid AttentionAI can be used to guide creative output by platform, and within platform. What creative formats work best within what channel formats?</p>



<p>It therefore plays a significant role bringing creative and media planning closer together, and at a stage in the process before any money is spent.</p>



<p>In other words, attention is being used not as one element within a post-mortem but as a part of the upfront decision no doubt alongside other tools within Connect’s toolkit.</p>



<p>This case also shows what can be done with AI. This is not always the bogeyman; it often opens doors to create products of great value particularly when let loose on massive datasets built robustly, and with rigour.</p>



<p>If the bricks are top quality, and you hire a skilled architect you’ll end up with a building that lasts.</p>
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		<title>Who Cares About Content?</title>
		<link>https://www.bjanda.com/blog/who-cares-about-content/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 16 Jun 2026 13:42:29 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1951</guid>

					<description><![CDATA[Last Thursday, Advertising: Who Cares? organised a 3-hour event called Who Cares Wins. The centrepiece was two long-form discussions, one on ‘content’, the other on ‘safety’, preceded by a review of research that concludes, over and over again that the context within which an ad appears impacts its performance. The Who Cares About Content panel [&#8230;]]]></description>
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<p>Last Thursday, <a href="http://www.advertisingwhocares.org/">Advertising: Who Cares?</a> organised a 3-hour event called Who Cares Wins. The centrepiece was two long-form discussions, one on ‘content’, the other on ‘safety’, preceded by a review of research that concludes, over and over again that the context within which an ad appears impacts its performance.</p>



<span id="more-1951"></span>



<p>The Who Cares About Content panel comprised Stephen Colegrave, Founder of Byline Times, Mel Leach, CEO of the independent TV producer South Shore, Dom Ponsford, Editor-in-Chief of Press Gazette, and Damian Collins, ex-Government minister and sometime chair of the DCMS Select Committee, moderated by the freelance journalist Omar Oakes. Their conversation took place within the context that around two-thirds of UK ad revenues ends up with three US-based channels: META, Google and Amazon.</p>



<p>As I said in my introductory remarks, nobody is suggesting that Facebook et al have no place on advertising plans. It’s a matter of balance.</p>



<p>For decades, generations even, we’ve all known instinctively that advertising that appears on multiple channels always outperforms campaigns that focus on one channel.</p>



<p>To use a hackneyed metaphor, you don’t make a cake with one ingredient. You consider, you mix, you compliment, you combine, you experiment, you learn. With practice you get better. You learn that mixing metric and imperial measures is not a good idea.</p>



<p>Despite all the evidence pointing in one direction, despite decades of learnings across any number of celebrated examples, brand-centric advertisers continue to do what has been shown not to work. They continue to spend behind performance activities, not as well as but instead of using tried and tested methods to build their brands.</p>



<p>The result, as outlined in many places (including at the launch of Advertising: Who Cares?) by Michael Farmer, is clear. Sales of many brands within categories traditionally built on brand marketing are as good as flat. The flatlining correlates with the same brands’ move to increased spending on social media.</p>



<p>If it’s brand building you’re after there are many better channels than social media.</p>



<p>This is a niche blog, written for people in the advertising and marketing business. It’s tempting to ignore society, or the common good, but occasionally advertisers’ interests and society’s coincide.</p>



<p>We all, advertisers included benefit from a varied mix of available media. I may loathe news-site A and favour streaming channel B but the world would be a lot less interesting if everyone agreed with me, or, worse if everyone had to agree with me simply because all other choices had vanished.</p>



<p>The Brits are good at creative services. We are good (as Mel Leach reminded us on Thursday) at creating TV formats. We are good at advertising (the UK is the second largest exporter of advertising services, <a href="https://newdigitalage.co/general/uk-ad-exports-hit-19-4bn-as-sector-record-38-growth-in-surplus/">according to the Advertising Association</a>). We are good at measurement.</p>



<p>And yet our ad supported media sector is struggling.</p>



<p>Nick Manning <a href="https://uk.themedialeader.com/apocalypse-soon-why-the-itv-comcast-deal-will-make-new-regulation-essential/">wrote here</a> on the slow, inevitable Americanisation of our media.</p>



<p>I would argue that it’s not only the content of the media, but also media thinking that has been driven by our American friends.</p>



<p>The American media buying market has always been <a href="https://www.bjanda.com/blog/biggest-number-wins-we-all-lose/">about the biggest number wins.</a> And on that criterion the social media platforms (who of course define their own numbers) win every time.</p>



<p>Planning across media channels, the consideration of content and context, the measurement of attention, all come as second nature to UK strategists and planners, whereas they’re comparatively recent innovations in the USA.</p>



<p>We have strong trade bodies like the AA, ISBA, IPA here. We should continually remind them that a healthy, pluralistic media sector is good for advertisers for sure, but more importantly is good for the country, our economy and society as a whole.</p>
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		<title>The (Uncertain) Future of Media</title>
		<link>https://www.bjanda.com/blog/the-uncertain-future-of-media/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 18 May 2026 13:29:43 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1947</guid>

					<description><![CDATA[The first Cog Blog post appeared on 2nd July 2013. There have been over 450 posts since. I don’t think any have been on as important a topic as this one. If you search for ‘Conferences on the Future of Media’ what you find are specialisms. Events on media technology, on programmatic advertising, on trading. [&#8230;]]]></description>
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<p>The first Cog Blog post appeared on 2<sup>nd</sup> July 2013. There have been over 450 posts since. I don’t think any have been on as important a topic as this one.</p>



<p>If you search for ‘Conferences on the Future of Media’ what you find are specialisms. Events on media technology, on programmatic advertising, on trading. Or on TV, influencers, podcasts.</p>



<p>I can’t find an event on the very future of the media, as in: does it have one?</p>



<span id="more-1947"></span>



<p>Yet it seems a reasonable question, at least as it relates to media forms that rely in whole or part on advertising.</p>



<p>Money continues to flow out of more ‘traditional’ domestic media forms towards the giant US-based online platforms. Around two-thirds of all UK ad pounds currently make that journey.</p>



<p>Isn’t this just ‘the market’ doing what markets do? Markets aren’t always forces for good.</p>



<p>A pluralistic media scene is A Good Thing. Good for democracy; good for holding power to account; good for encouraging informed thought and fair debate.</p>



<p>A strong, varied domestic media industry is important too. Important for hosting locally-centred points of view, as voices that help shape our national identity. As the foundation of our historically successful creative services industry.</p>



<p>Admittedly some way down the list of beneficiaries, a varied domestic media scene is good for advertisers as it builds and engages audiences.</p>



<p>The alternative is US-centric, un-regulated, built on user-generated content that is by definition largely unprofessional and thus avoidable, offering up the sort of fast food media content that might fill a hole temporarily but does not build a healthy body.</p>



<p>And yet this is the path we are on. Why is this debated? And if I’m wrong and it is, why is the voice of the advertising industry so absent? &nbsp;</p>



<p>There are two key reasons.</p>



<p>First, the ‘church versus state’ debate of the analogue era lingers. How dare advertisers interfere in matters of editorial concern?</p>



<p>This is so outdated that it is hardly worth a comment. Yet many editors still have too little to do with the advertising business; they don’t understand it, they distil success down to ‘more clicks’ and they rarely feature our point of view in any public debate.</p>



<p>Second it has to be said that the platforms have done a truly wonderful job infiltrating our institutions.</p>



<p>The Advertising Association, 100 years young and a source of many good things has as its stated aim the promotion of the: “…role, rights and responsibilities of advertising and its impact on individuals, the economy and society.”</p>



<p>What about when the impact of advertising on the UK economy is impacted negatively by the flow of money to US-based platforms? Or when the quality and variety of our own media outlets’ output is so negatively affected?</p>



<p>Why don’t we question META more (or even at all) on public platforms? To quote one (unselected) question submitted at the AA’s LEAD event: ‘Why are they even here’?</p>



<p>Is it appropriate to have a trade association with members with such a divisive list of commercial goals? Or with members who do not act in a legal, honest or truthful manner?</p>



<p>These are not easy questions, or rather they are easy for a blogger to ask, a lot harder for any membership organisation relying on subscriptions and sponsorships, to answer.</p>



<p>A debate on these issues is overdue and should involve those inside and outside the ad industry. This is why <a href="http://www.advertisingwhocares.org">Advertising: Who Cares?</a> is hosting a 3-hour event (Who Cares Wins) at Prospect Magazine on the afternoon of June 11<sup>th</sup>. &nbsp;No sponsors, no paid-for slots, and no axe to grind beyond the objective of a healthy, pluralistic media industry.</p>



<p>Who Cares Wins will have two long-form, moderated discussion panels – one on the threat to content, the other on online safety. These are related.</p>



<p>The more we have a flourishing domestic media industry delivering attentive, engaged audiences, the stronger our position pushing for common standards of regulation and a safer online advertising world free of scams and fraudulent traffic. These ambitions are good for advertisers – certainly better than large unverified audience numbers not to mention fake ads and online harm.</p>



<p>We have one advertising speaker, the estimable Jake Dubbins, Co-Founder of the Conscious Advertising Network, the other five panellists are all ‘outsiders’: a programme maker, an editor, a publisher, an activist and a regulator.</p>



<p>We want to hear from advertisers, professional advisors, trade bodies, journalists, programme commissioners and makers, media owners of all shapes and sizes, and politicians (and we are working to get them).</p>



<p>This is important; it’s essential that those formulating policy hear from as wide a group as possible. Including you.</p>



<p><a href="https://www.eventbrite.com/e/who-cares-wins-tickets-1986801312208?aff=oddtdtcreator">Tickets are available here.</a></p>
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		<title>An Approaching Crisis</title>
		<link>https://www.bjanda.com/blog/an-approaching-crisis/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 11 May 2026 07:31:53 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1942</guid>

					<description><![CDATA[The fifth chart in Caroline Johnson’s and Nick Manning’s opening presentation at last October’s Advertising: Who Cares? Summit contained four words. As Nick and Caroline said (in their fourth chart) “50% of global ad spend goes to 5 companies”. Things have not exactly improved since October. Press Gazette’s analysis, published on April 30th has Google, [&#8230;]]]></description>
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<p>The fifth chart in Caroline Johnson’s and Nick Manning’s opening presentation at last October’s Advertising: Who Cares? Summit contained four words.</p>



<figure class="wp-block-image size-large"><a href="https://www.bjanda.com/blog/wp-content/uploads/2026/05/image.png"><img loading="lazy" width="903" height="508" src="https://www.bjanda.com/blog/wp-content/uploads/2026/05/image.png" alt="" class="wp-image-1943" srcset="https://www.bjanda.com/blog/wp-content/uploads/2026/05/image.png 903w, https://www.bjanda.com/blog/wp-content/uploads/2026/05/image-300x169.png 300w, https://www.bjanda.com/blog/wp-content/uploads/2026/05/image-768x432.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>



<p>As Nick and Caroline said (in their fourth chart) “50% of global ad spend goes to 5 companies”.</p>



<span id="more-1942"></span>



<p>Things have not exactly improved since October.</p>



<p><a href="https://pressgazette.co.uk/marketing/uk-adspend-google-meta-amazon/?utm_source=substack&amp;utm_medium=email">Press Gazette’s analysis</a>, published on April 30<sup>th</sup> has Google, META and Amazon accounting for 66.3% of UK adspend.</p>



<p>Whilst our ultimate trade body, The Advertising Association, was celebrating its 100<sup>th</sup> birthday last week with the cheery news that UK adspend had grown by 6.5% 2025 over 2024, the less cheery news, that TV was down 1.2%, national newsbrands down by 4.6%, regional newsbrands down 6% and magazines down 5.1% received less attention.</p>



<p>It is far too easy to shrug and suggest that the world changes, advertising changes with it and if that means an ad market controlled by three players, well that’s capitalism in action.</p>



<p>But it’s not quite as straightforward as that.</p>



<p>The UK creative services industry has been remarkably successful. Here’s a few more numbers.</p>



<p>The creative economy (including advertising) contributes over £124 billion in gross value added to the economy. Over recent years it’s been growing at between three and four times the national average. In 2024 the sector employed approximately 2.4 million people.&nbsp; As a proportion of the total UK economy the creative industries contributed roughly 5% to 6% of total UK economic output.</p>



<p>Today, two-thirds of UK adspend going to a few giants means we put our home creative industries at risk. The more money flows towards the platforms the more we underfund our own media channels which in turn is negative on the economy and jobs</p>



<p>A few of us remember when UK advertising was the envy of the ad world; when we made TV dramas and comedies that travelled; when our news gathering was trusted.</p>



<p>Today we fund platforms that harm children.</p>



<p>Can you imagine a TV programme that incites violence and yet has somehow managed to sidestep the regulations and get on air? Would advertisers be happy with their ads appearing in such content? Of course they wouldn’t. And yet, put the content online and somehow that makes it alright.</p>



<p>The dual standards, the hypocrisy is remarkable.</p>



<p>This has nothing to do with having a whack at the online platforms, rather it’s making the case for a level playing field, for common definitions, for regulations that control content excesses.</p>



<p>Our trade bodies talk of advertising being legal, decent, honest and truthful. And yet they stay remarkably quiet when some of their vendor members behave illegally (running fake ads), indecently (undressing apps), dishonestly (designing addictive algorithms then denying having done so) and deceitfully (inflating ad metrics).</p>



<p>On June 11<sup>th</sup> Advertising: Who Cares? is holding a three hour mini event, Who Cares Wins at the central London offices of Prospect Magazine.</p>



<p>We will start by reviewing the research into the effectiveness of advertising within different channels (Who Cares About the Facts).</p>



<p>We will host two long-form moderated discussions: Who Cares About Content; and Who Cares About Safety.</p>



<p>Our speakers will not be the ‘usual suspects’. Our discussions will not be yet another couple of panels where everyone agrees.</p>



<p>We will feature publishers, editors, regulators, activists, programme makers. <a href="https://www.advertisingwhocares.org/events/2026-quality-media-event">Speaker details will be on our site</a>.</p>



<p>We will invite contributions from the floor.</p>



<p>We are inviting policy makers, politicians to attend.</p>



<p>As with all AWC events this one will not be sponsored; there will be open discussion, without fear or favour.</p>



<p>As Nick and Caroline said, this is a crisis.</p>



<p>We want to try to do something about it. We should do something about it. Lay out the facts, have the discussion.</p>



<p>Do come along to listen, and to have your say. <a href="https://www.eventbrite.com/e/who-cares-wins-tickets-1986801312208?aff=oddtdtcreator">Tickets are here</a>.</p>
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		<title>In Interesting Times, Who Cares Wins</title>
		<link>https://www.bjanda.com/blog/in-interesting-times-who-cares-wins/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 21 Apr 2026 10:13:59 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1939</guid>

					<description><![CDATA[‘May you live in interesting times’ is often quoted as an ancient Chinese curse. Google’s AI facility questions that, claiming it is more likely British, and not a curse. Whatever, the word ‘interesting’ is in some interpretations seen as suggesting a time not only of instability but of creativity and growth. We are at an [&#8230;]]]></description>
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<p>‘May you live in interesting times’ is often quoted as an ancient Chinese curse. Google’s AI facility questions that, claiming it is more likely British, and not a curse. Whatever, the word ‘interesting’ is in some interpretations seen as suggesting a time not only of instability but of creativity and growth.</p>



<p>We are at an ‘interesting’ moment in the story of advertising supported media channels.</p>



<span id="more-1939"></span>



<p>Back in simpler times there existed a virtuous circle. Publishers, editors, broadcasters created stories of interest and appeal to an audience. Whether it was drama, opinion, documentaries, news, entertainment, sport the aim was to attract and engage an audience.</p>



<p>Advertisers wanted to reach that audience and so they advertised within the editorial content. The more engaging the content, the more attention was paid to both it and the ads within it. The more attention, the more successful the ads.</p>



<p>The money generated from the advertising funded more of the same; hence the virtuous circle.</p>



<p>There was editorial, and there was advertising. The line between them was clear and both sides knew where it was. An advertiser may choose not to spend with a particular channel because of a disagreement over editorial content, but it was rare for advertisers to try to pressure editors to change tack; and when they did in by far the majority of cases it didn’t work.</p>



<p>What did work was advertiser pressure on structures. To make up an entirely hypothetical case if the TV companies suddenly decided not to publish audience research data, and not to release the data for analysis then advertisers would complain, loudly. The TV companies would most likely reconsider their decision in the light of advertiser pressure.</p>



<p>There were rules, and regulations. They kept the media safe for audiences and advertisers, they stopped the excesses, they made sure the channels worked for all.</p>



<p>Whilst the simpler times have gone for ever, it is no great exaggeration to say that advertising still plays an important role in our cultural life via the channels that it funds or part-funds. Not only are we entertained and informed by TV, radio, podcasts and print, however and wherever delivered, but also bus shelters are built, and city centres are brightened.</p>



<p>Today, 50% of UK ad funds goes to the giant US platforms. That figure will increase as about 70% of incremental spending finishes up in the same place.</p>



<p>Marketing budgets are finite. Double the availability of media and you don’t double the money available to fund them. This simple fact often catches start-ups by surprise. Many a prospectus claims: ‘we will be funded by advertising’ without explaining how and why. To get money you have to take it from someone else.</p>



<p>Spend a $ with META and you have a $ less to spend with Channel4.</p>



<p>As spend migrates to the US platforms our homegrown channels suffer.</p>



<p>Nobody expects advertisers to act philanthropically but it makes sense to stop for a moment and consider the consequences of spend decisions.</p>



<p>There are many advertisers who state they ‘wish to do good’ in one shape or form; who have corporate guidelines around the non-acceptability of certain ingredients, and rules around how their raw materials are harvested / farmed / processed / handled / shipped.</p>



<p>There are debates around how we treat people within the supply chain, how we ensure a diverse and inclusive workforce, how we pay those working for us.</p>



<p>And quite right too.</p>



<p>What these advertisers say in ads and publicity is important and is subject not only to a great deal of internal scrutiny but also to various regulations designed both to inform the public and also protect them from misinformation.</p>



<p>Shouldn’t these same principles apply to where the ads and publicity material appears?</p>



<p>Yet advertisers regularly express shock and disappointment when some of their materials end up in deeply inappropriate places. Many pearls are clutched, public comments expressing surprise and ignorance are made and no doubt behind the scenes a lot of shouting goes on.</p>



<p>And then life continues much as before.</p>



<p>On June 11<sup>th</sup>, Advertising: Who Cares? is hosting an event called Who Cares Wins at Prospect’s offices in Central London to discuss two interlinked topics.</p>



<p>The threat to content created and distributed locally on news-sites, TV channels and the rest as ad funds migrate to the platforms, and the broad implications for all of us. And the concerns over online safety – first and foremost to consumers, and then to advertisers – and what sort of legislation and regulation is appropriate for how we consume media today.</p>



<p>Tickets are <a href="https://www.eventbrite.com/e/who-cares-wins-tickets-1986801312208?aff=oddtdtcreator">on sale now, here</a>. We have an early booking offer running for a month until May 22<sup>nd</sup>.</p>



<p>Details of speakers and moderators will be announced shortly.</p>
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		<title>Publish And Be Damned</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 31 Mar 2026 07:46:50 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1935</guid>

					<description><![CDATA[Last week two court cases in the US went against the social media platforms. The first, in New Mexico found META guilty of misleading users over the safety of its platforms for children. The second, in Los Angeles found META and YouTube guilty of building addictive social media platforms that harm children’s mental health. There’s [&#8230;]]]></description>
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<p>Last week two court cases in the US went against the social media platforms. The first, in New Mexico found META guilty of misleading users over the safety of its platforms for children. The second, in Los Angeles found META and YouTube guilty of building addictive social media platforms that harm children’s mental health.</p>



<span id="more-1935"></span>



<p>There’s no doubt these are significant judgements, not because of the fines levied (US$375m and US$6m, small change for the companies involved) but for the creation of precedent. Presumably there’s a long queue of complainants forming.</p>



<p>The question is not around the significance, but what comes next.</p>



<p>There is one safe bet. META, and Google will appeal. The appeal(s) will last years. Who knows what the final outcome will be, but we are talking about two of the wealthiest organisations on the planet, who have the backing of the current US administration.</p>



<p>Bob Hoffman, in his Newsletter <a href="https://createsend.com/t/d-E2683A4BF592FC2F2540EF23F30FEDED">‘Ethics in Advertising and Other Fairy Tales’</a> makes the point that the court cases led to a lot of posts unloading on the platforms. “Much venom was spilled in the direction of Zuckerberg and his tech billionaire friends.”</p>



<p>Bob, like me is not on these guys’ Christmas card lists. But he is right (as usual) in pointing out that META is over 95% funded by advertising, and yet those who pay for this stuff never seem to get any of the blame when these examples of antisocial behaviour surface.</p>



<p>I had the opportunity to sit down last week with Bob, courtesy of Mike Sainsbury and <a href="https://vimeo.com/1178439569">his asiCast podcast</a>.</p>



<p>I don’t intend turning this into a transcript, but whilst Bob and I largely agree, he is more pessimistic than me. I may not be a little ray of sunshine where this topic is concerned but I do think these court cases are a cause for some limited optimism.</p>



<p>On their own, these and any subsequent cases won’t cause META (in particular, I see them as the worst offenders) to change course.</p>



<p>As Bob’s Newsletter reminds us, in 2020 marketers instituted a boycott against Facebook. The boycott was led by P&amp;G, whose Chief Brand Officer, <a href="https://www.mediapost.com/publications/article/413832/call-for-reinvention-a-conversation-with-pgs-ma.html">Marc Pritchard spoke to MediaPost</a> just before this week’s ANA Conference. His topic? A Call for Reinvention. The boycott episode doesn’t warrant a mention.</p>



<p>Mark Zuckerberg’s response to the boycott: “…all these advertisers will be back on the platform soon enough … We’re not gonna change our policies or approach.” He was correct.</p>



<p>Brand pressure doesn’t work, Facebook’s ad revenue is so widely spread even the biggest have no leverage. So why the optimism?</p>



<p>The legal cases didn’t focus on stories but on technical behaviours. META was not found guilty of posting harmful materials but of creating an unsafe / addictive product.</p>



<p>Thus, these cases circumnavigated Section 230 of the 1996 Communications Decency Act, the one that establishes platforms as platforms, not publishers.</p>



<p>The results of the two court cases have created news stories around the bad practices of the platforms.</p>



<p>Put these together with specific cases, like the Molly Russell affair highlighted by Channel 4’s film ‘Molly Versus The Machines’ and you have a narrative shift.</p>



<p>Maybe a small one, maybe a temporary one, but a narrative shift for sure.</p>



<p>What was a lot of mumbling from within the media community, fuelled by stories like Sarah Wynn-Williams’ book ‘Careless People’ detailing her time at Facebook, has now bled over into stories noticed by real people.</p>



<p>A parallel from another era might be the rise and fall of ‘The News of the World’.</p>



<p>For years this paper thrived on scandal, gossip and rumour, much of it sourced via the hacking of phones. This didn’t bother its many readers, or its advertisers unduly. The people involved tended to be celebrities and royalty; the first group enjoyed a symbiotic relationship with the tabloid press – they each needed the other – the second group never answered back.</p>



<p>But then came the Milly Dowler case. Milly was murdered in 2002; in 2011 came the revelation that NoW journalists had hacked her phone after she had been reported missing, giving her parents false hope that she was alive.</p>



<p>This was a step too far, the resulting public outcry along with the withdrawal of several key advertisers led to Rupert Murdoch closing the paper, and to the Cameron government commissioning the Leveson enquiry.</p>



<p>Different times, simpler times and clearly Facebook / META is of a different scale to the ‘News of the World’.</p>



<p>But there is one similarity. The public narrative can switch, quickly. It isn’t a huge leap from ‘they connect people’ to ‘they harm teens’.</p>



<p>Court cases, and appeals keep the topic centre stage.</p>



<p>Public dialogue is fickle and influences brand owners. Today’s inconsequential gossip can become tomorrow’s major policy shift.</p>
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		<title>Relax, It&#8217;s Only An Existential Threat</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 23 Mar 2026 08:30:59 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1931</guid>

					<description><![CDATA[It’s the oldest trick in the book. Threaten everyone with extinction; convince them that only you have the answer / ultimate weapon; deploy your weapon; save the world; lead your ecstatic followers into the land of plenty. Everyone lives happily ever after. Except – it’s no threat, I don’t have the answer, there’s no land [&#8230;]]]></description>
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<p>It’s the oldest trick in the book. Threaten everyone with extinction; convince them that only you have the answer / ultimate weapon; deploy your weapon; save the world; lead your ecstatic followers into the land of plenty. Everyone lives happily ever after.</p>



<p>Except – it’s no threat, I don’t have the answer, there’s no land of plenty and it doesn’t all end happily.</p>



<span id="more-1931"></span>



<p>In fact, the best I can offer is that I may very well be wrong. It wouldn’t be the first time, although it may be the first time when I really hope I’m right about being wrong.</p>



<p>This isn’t a political blog. But these days politics affects everything; certainly everything in media land. As someone posted a few weeks ago on LinkedIn: Does President Trump now have to approve my media plan?</p>



<p>The huge online advertising platforms go from strength to strength. These are as we all know advertising businesses. Really big, successful US-based ad businesses with unprecedented Presidential backing.</p>



<p>When a decision is taken for marketing reasons not to support a particular channel and that decision then leads to warnings of lawsuits and politicians’ threats to disrupt a business’ business, it’s not surprising that many find it less of a risk to follow the path of least resistance. Just use them, regardless of the effectiveness of the choice. It will be cheaper in the long run.</p>



<p>If you believe everything you’re told, advertising is really very straightforward. Give your budget to META (insert the name of your favourite platform here). Send over your objectives and brief. META (or whoever) will deploy a magic AI tool, which will design a selection of ads. The alternatives will be pretested. They will then place the winning execution across their individual channels.</p>



<p>They’ll adjust the messaging as they go along. The channel reports back on what you got for your money; and how it achieved your goals.</p>



<p>What could be simpler?</p>



<p>Today, most advertisers aren’t Procter and Gamble / Unilever / McDonald’s / Mars. Most are SMEs, who, to quote the <a href="https://www.advertisingwhocares.org/events/2025-london-summit">Anthony Jones / Fiona Blades presentation to last October’s Advertising: Who Cares? Summit</a> know little and care less when it comes to the theory of marketing.</p>



<ul><li>67% operate without a marketing plan</li><li>49% lack defined KPIs</li><li>Most rely on media owners or generalists for analysis</li><li>Most rely on platform dashboards and ‘vanity metrics’ (reach, impressions etc)</li><li>Ease of use outweighs technical rigour</li></ul>



<p>To which we can add that few use agencies, and most focus on performance driven campaigns.</p>



<p>For many, ads on META et al work perfectly well.</p>



<p>But that is a very different thing from saying that all advertisers should only use META.</p>



<p>It’s also easy to get carried away with performance metrics whilst forgetting the power and value of branding.</p>



<p>The world’s most valuable soft-drink is Coca-Cola. As of 2025 a reasonable estimate of Coca-Cola’s brand value was c.US$46billion. Total sales revenue (TCCC does not breakout sales revenues by brand) can be estimated at between US$20billion and US$25billion.</p>



<p>The brand is worth roughly double its annual sales.</p>



<p>The Coca-Cola brand has been built assiduously over many years, with advertising playing a major role. The same applies to many other brands.</p>



<p>Brand advertising, done consistently and done well builds value. We all know this is true.</p>



<p>Smart advertisers use every tool to build their brand. Once that’s done, performance activities work better too.</p>



<p>Net – you shouldn’t put all your eggs into one platform-shaped basket and ignore everything else</p>



<p>But we live in a short-term world, within which arguing for long-term brand building is tough.</p>



<p>Advertisers have for many years silo-ed media thinking. Many have concluded that price is everything; the detail of where to spend has been left to their agencies; auditors and advisors are too often ignored; ‘audience’, ‘context’, ‘measurement’ have often been placed in the ‘too difficult’ box.</p>



<p>Putting all of this together, on the one hand we have massive media vendors, with a full range of off-the-shelf services, and self-policing measurement systems, all displayed on lovely dashboards. Backed by politicians.</p>



<p>On the other we have the advertiser, often not properly trained, unaware of the questions to ask, let alone the answers to seek, desperate for short-term results that indicate action to their bosses, and keen to stay out of any political firestorm.</p>



<p>‘Branding’? A long-term nice-to-have, which no doubt the vendors will eventually find a convincing way of delivering and measuring.</p>



<p>Now – where in all of this does the agency sit?</p>
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		<title>From The Sofa</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 16 Mar 2026 09:09:24 +0000</pubDate>
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					<description><![CDATA[There’s a group of individuals that’s grown both in numbers and influence across the industry over the last ten years or so. They have no trade body, no corporate structure, no common goal. They deal in ideas and opinions. We need them and their ideas more than ever, and yet they’re subject to rudeness, criticism, [&#8230;]]]></description>
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<p>There’s a group of individuals that’s grown both in numbers and influence across the industry over the last ten years or so. They have no trade body, no corporate structure, no common goal. They deal in ideas and opinions. We need them and their ideas more than ever, and yet they’re subject to rudeness, criticism, sneery little digs from those they dare to criticise.</p>



<span id="more-1928"></span>



<p>I’m talking about expert commentators, consultants, or as some would have it; sofa warriors.</p>



<p>Those brave souls in their corporate bunkers are not always so complimentary. If anyone, ANYONE dares to say anything even a little critical of the organisation that pays their wages, they leap into action. It’s like waving a red rag in front of a particularly angry and rather shortsighted bull.</p>



<p>‘What do you know; you last worked in an agency twenty years ago; you’re not on the inside; you just believe any old rubbish; your post layout sucks; ‘your mother was a hamster and your father smelt of elderberries’.’</p>



<p>One of those is I admit courtesy of Monty Python; but if I possessed a little more imagination (or access to a copywriter) they all could be.</p>



<p>Why does all of this matter? Isn’t what gets said on the socials the modern-day equivalent of today’s fish wrapping?</p>



<p>Most thinking people within this industry know we’re not in a great place. We face a number of problems, from ad fraud to a lack of trust, from a business model that is no longer fit for purpose to a set of the most powerful media operators the world has ever seen who see us as at best rather irrelevant.</p>



<p>Our systems of measurement, the building bricks that form the bedrock of any indicator of success have largely moved out of our collective control and towards those whose channels they’re designed to measure.</p>



<p>We’ve also lost perspective. Take the Molly Russell case <a href="https://www.bjanda.com/blog/social-media-ban-or-regulate/">covered here</a> last week.&nbsp; It seems that we are less concerned about advertising on channels that play a role in young suicides every week than we are about our ads appearing opposite a negative news headline.</p>



<p>The ad business of today is run by those who receive ad revenue, as opposed to those who spend it.</p>



<p>Nobody really doubts these problems exist. In previous eras the largest and most respected organisations, the agencies in their various forms along with our trade bodies would be leading the charge.</p>



<p>Past misdemeanours have a nasty habit of resurfacing. It’s hard to argue for transparency and beating fraud when you’re accused in court of misusing client money. It’s tricky to make the case for creativity and craft at the same time as closing agencies and making thousands redundant.</p>



<p>The agency trade bodies, the IPA here, and the AAAA in the USA have been disappointingly silent over many of these topics over many years. They should learn from the advertisers’ trade organisations, those representing the views of the guys who pay the bills; ISBA, the ANA and the WFA have all been far more proactive.</p>



<p>The IAB in Sweden showed what can be done when they expelled META from membership last week. For not doing the right thing regarding scam ads. Sadly, the IAB elsewhere has to date done nothing.</p>



<p>The point is not who sits where in the bad boys’ league table but that there are many issues the industry needs to address that its biggest players are ignoring.</p>



<p>That’s why sofa warriors should be praised for raising the issues, speaking out, taking the problems seriously, suggesting solutions.</p>



<p>Our leaders, the largest organisations with the greatest resources really should look beyond the next quarter, and wonder if there’ll be an industry worthy of the name in a few years’ time. Or will the platforms own it all?</p>



<p>If that comes to pass it will be someone else’s fault. Probably someone on a sofa.</p>



<p><em>A quick postscript. I’m writing this on the morning after the Oscars. The Best Documentary award went to ‘Mr Nobody Against Putin’. In his acceptance remarks, the film’s co-director David Borenstein said: “…when oligarchs take over the media and control how we could produce it and consume it, we all face a moral choice, but luckily even a nobody is more powerful than you think.”</em></p>
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		<title>Social Media: Ban or Regulate?</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 09 Mar 2026 08:58:21 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1923</guid>

					<description><![CDATA[“The circumstances of Molly’s death are far from unique. Technology plays a role in almost one-quarter (24%) of deaths by suicide among young people aged 10 to 19, equivalent to a lost young life every week.” ‘Pervasive by Design’: The Molly Rose Foundation. Last Thursday Channel 4 screened the documentary film ‘Molly Vs The Machines’, [&#8230;]]]></description>
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<p><strong><em>“The circumstances of Molly’s death are far from unique. Technology plays a role in almost one-quarter (24%) of deaths by suicide among young people aged 10 to 19, equivalent to a lost young life every week.” </em></strong><a href="https://mollyrosefoundation.org/resource/peravasive-by-design/"><strong><em>‘Pervasive by Design’: The Molly Rose Foundation.</em></strong></a><strong><em></em></strong></p>



<p>Last Thursday Channel 4 screened the documentary film ‘Molly Vs The Machines’, the tragic story of Molly Russell who took her own life in 2017 aged 14. When the Coroner’s Court came to hear the case in 2022 (5 years of obfuscation from the platforms) the conclusion reached was: “Molly died from an act of self-harm while suffering from depression and the negative effects of online content.”</p>



<p><a href="https://www.bjanda.com/blog/whats-it-got-to-do-with-us/">Here’s a Cog Blog post from the time of that 2022 verdict.</a></p>



<span id="more-1923"></span>



<p>The film is shocking, of course. Molly’s dad, Ian Russell’s composure, his determination to make sure Molly is not forgotten, his polite bloody-mindedness in the face of corporate non-answers not to mention appalling tragedy, are remarkable.</p>



<p>Contributions from various META executives are dreadful. Not just in allowing the content Molly saw to be there in the first place but in their subsequent justifications. The evidence given by their Head of Health and Wellbeing Policy, Elizabeth Lagone to the inquest is chilling, describing the content seen by Molly as ‘safe’ because it adhered to content guidelines in place at the time.</p>



<p>Ms Lagone subsequently apologised. She has since left META, like others featured: Nick Clegg, Sheryl Sandberg, Steve Hatch and the whistleblower Arturo Bejar.</p>



<p>The Molly film should be an inflection point, informing the debate around how or if we should regulate / control social media.</p>



<p>One suggestion is to ban access to under 16s. This is the expedient solution as far as politicians are concerned. It is a knee-jerk reaction (‘look, we’ve done something’). It’s easily understood.</p>



<p>I don’t believe this will work.</p>



<p>A ban creates a barrier between parent and child. If the child is doing something literally illegal (because of course young people will find a way of accessing social media, ban or not) they are less likely to open up to their parents.</p>



<p>Second, it lets the platforms off the hook. If under 16s aren’t allowed access, it’s easy to ignore the underlying issue. Youngsters exposed to harmful material? Not our problem, they’re on our site illegally.</p>



<p>The answer is to strengthen regulation. We have OFCOM and the Online Safety Act. Neither works well, but it must be easier to strengthen what we have than to start down a different path.</p>



<p>Communication channels are full of advice on what to do if you wish to complain or take issue with something in print or broadcast.</p>



<p>The social media channels should be pressured to include a facility for anyone exposed to unacceptable content to complain about it, anonymously if preferred, to an independent authority with the teeth to fine them (or worse).</p>



<p>Use users to police the system, to alert the regulator to misdemeanours.</p>



<p>There will be howls about this. It’s impractical. It’s open to abuse. There are too many users. Complaints will need checking. It will be too expensive.</p>



<p>I don’t agree. Consider these business’ vast profits, and the lack of tax paid. Why not tax them, or fine them to fund such a service?</p>



<p>Then there’s the ad industry. Although META is c.95% funded by advertising, bringing meaningful pressure from such a vast advertiser base is always said to be impossible.</p>



<p>That’s a conclusion based on too literal an assessment.</p>



<p>The only way to hold the social media channels to account is via Government. Large advertisers may be of minor significance in revenue terms, but they are significant as influencers. They have access to policy makers.</p>



<p>One expert group who should be leading the charge to improve social media, our largest marketing services organisations, are compromised by their relationships with the platforms. There are a few brave individuals but corporately <a href="https://www.bjanda.com/blog/speaking-out/">they’re unlikely to speak out</a> given their dependence on the platforms.</p>



<p>CMOs will stay quiet too. Decisions on where to spend their companies’ money over multiple years could justifiably be questioned – not just morally, not just in terms of supporting criminal ad fraud, but in terms of reducing their brands’ values.</p>



<p>There’s an irony in quietly continuing to wave through money spent on channels that cause young people harm, whilst earnestly debating whether advertising around news is somehow dangerous.</p>



<p>I may be over-optimistic but my sense is that the dirty water is circling the drain. The criticism of the social media channels is becoming louder; the disconnect between large companies’ ethical and moral values and the places where they choose to spend their money is becoming deeper and more apparent.</p>



<p>There used to be a thing in media selection known as Chairman’s Wife Syndrome. As in, I don’t care what the numbers say, the Chairman’s wife reads ‘The Daily Mail’; make sure we’re in it.</p>



<p>We are now approaching reverse Chairman’s Wife Syndrome. The Molly Russell legacy.</p>
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		<title>YT TV?</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 02 Mar 2026 12:10:34 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1920</guid>

					<description><![CDATA[I suppose this moment had to come eventually. This blog has steered away from the ‘Is YouTube TV or not’ debate on the basis that to me it makes as much sense as arguing whether or not a direct mail piece for my local pizza place is a newspaper, given that both are printed on [&#8230;]]]></description>
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<p>I suppose this moment had to come eventually. This blog has steered away from the ‘Is YouTube TV or not’ debate on the basis that to me it makes as much sense as arguing whether or not a direct mail piece for my local pizza place is a newspaper, given that both are printed on paper.</p>



<p>But here we are. The debate rumbles on, an example of how the great debates of our industry have degenerated from things that matter to things that really don’t.</p>



<span id="more-1920"></span>



<p>There is nothing wrong with YouTube. It’s a great example of a structure within which creators can create. It’s a brilliant outlet for those who for whatever reason can’t find their way into, or prefer not to bother with broadcast or streaming channels.</p>



<p>It’s also a valuable distribution mechanism for those broadcast and streaming channels to showcase their wares.</p>



<p>So, given its many merits why can’t YouTube just be YouTube? The answer is based on a fundamental misunderstanding of how advertisers ought to allocate their budgets.</p>



<p>You’ll note ‘ought to’.</p>



<p><a href="https://www.bjanda.com/blog/biggest-number-wins-we-all-lose/">In a previous post</a> I’ve noted the obsession around big numbers. This is a huge problem; and one that is not talked about anything like enough.</p>



<p>The issue is threefold. First, we are very comfortable with the notion that biggest is by definition best. It’s finite, it’s clean. Two million is better than one million. No judgement required. Case closed. Move on.</p>



<p>Secondly, we are nervous about being backed into making a creative judgement. The most obvious use-case is an over-reliance on advertising research. It’s there to guide not to decide. We’re quick to abdicate responsibility to someone else – and if a decision on creative turns out to be wrong, well that’s obviously the research company’s fault, not mine for being indecisive.</p>



<p>Thirdly, there’s a combination of the first two. We have an innate fear of numbers. They’re boring; the detail is tedious. Far easier to take those nice salespeople at their word than to question how they arrived at their numbers, or to query any creative application of the data.</p>



<p>There’s no room for ‘soft’ data, for understanding why or how people are exposed to advertising. All we need to know is how many were exposed. The rest is irrelevant.</p>



<p>How people use YouTube is simply different from how they use TV. Not better, not worse, just different.</p>



<p>TV is regulated; the content is professionally produced; the number of minutes given over to ads is limited; ads are showcased within their own pod. The audience is measured using a system approved by all interested parties. The data is available for full analysis. The audience data ‘building blocks’ are robust, solid, verifiable.</p>



<p>You can argue that you think the system used, be it BARB, Nielsen or whatever is arcane, old-fashioned, due for upgrade, not fit for purpose in today’s world. You may be right, but the point is a different one – the methodology and the data produced are agreed collaboratively, all is available for analysis, everything is transparent. Any upgrade should stick to these basics.</p>



<p>Ads on YouTube, and on other platforms are placed, to be polite, at random. We’ve all seen online ads that appear literally cutting in to (for example) an interviewer’s sentence. They are interruptive in the worst possible way. They are placed by machine; no human would suggest anything so perfectly designed to be ignored.</p>



<p>Regardless, is the data verifiable; analysable? Nope. You can get data but only on the sellers’ terms.</p>



<p>Does anyone recall in-platform video ads? Or do we all just want them over as soon as possible?</p>



<p>Surely how we consume media channels is an important consideration alongside how many consume.</p>



<p>And that’s the point. YouTube is great, so is TV. But they’re different; we use them differently, our mood-states are (probably, I don’t have data…) different.</p>



<p>I really don’t care if YouTube adds a reach point or two – not least because the data are not comparable (although the likes of Origin will help).</p>



<p>Research is there to guide. It should always be questioned.</p>



<p>It may be inconvenient, even hard – but you, the trained professional, get to decide.</p>



<p>The right decision is to treat YouTube as YouTube, not as something it isn’t.</p>
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		<title>Informed Guesswork</title>
		<link>https://www.bjanda.com/blog/informed-guesswork/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 23 Feb 2026 08:22:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1917</guid>

					<description><![CDATA[The great Bob Hoffman referred in his AdContrarian blog to ‘informed guessing’. His point being that despite wrapping ourselves in scientific-sounding words and phrases there is precious little in the advertising world that a qualified scientist would recognise as ‘science’. What there is, what we do, is informed guesswork. How could it be otherwise? Circumstances [&#8230;]]]></description>
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<p>The great Bob Hoffman referred in his AdContrarian blog to ‘informed guessing’. His point being that despite wrapping ourselves in scientific-sounding words and phrases there is precious little in the advertising world that a qualified scientist would recognise as ‘science’.</p>



<p>What there is, what we do, is informed guesswork.</p>



<span id="more-1917"></span>



<p>How could it be otherwise? Circumstances change; people act unpredictably; moods swing; ad qualities vary; ad contexts fluctuate from the deeply inappropriate to the highly relevant. Advertising is not an industry conducting regular scientific experiments under laboratory conditions.</p>



<p>The more information you have, and the clearer your objectives the better the chances that your guesses will pay off.</p>



<p>&nbsp;Here’s a simple choice. Would you prefer to focus on your ad being seen by masses of people, or to take actions that contribute to you selling more stuff?</p>



<p>It’s a choice because these two things are not inextricably linked.</p>



<p>The ‘masses of people’ who ‘saw’ your ad may not actually have done so. They might have had an opportunity to do so, but that’s quite a different thing.</p>



<p>And when we say ‘saw’, or even ‘opportunity to see’ we don’t mean ‘notice’ let alone ‘remember’. What we mean is that a pair of eyes were (possibly) on a screen for a second, maybe two during which an ad may have played.</p>



<p>Did it play? If we’re talking online, we think so, but we’re not sure. Nobody will guarantee anything beyond saying the likelihood is the ad was served. Was it all played? Shrug.</p>



<p>Can we say where and within what context the ad appeared (if it appeared)? No. We can guess but we don’t know.</p>



<p>Furthermore, when we say ‘masses…’ we’re not sure how many masses. And when we say ‘people’ we more accurately mean devices. And when we say ‘devices’ many of those may be phones racked up in their thousands and programmed to click away automatically.</p>



<p>So, the first part of your choice might more accurately read: … for your ad to have been served (not necessarily at all, let alone in its entirety), but has not necessarily appeared on many (we’re not sure how many) sites (we’re not sure which), on an unvalidated number of devices some of which (but not all) may or may not involve a pair of eyes (we don’t know how many) open (we hope) in front of the screen for a second or two.</p>



<p>I once wrote a chart for an MRG Conference paper. Goodness knows where it is now, but from memory it contained a pyramid the base of which read: ‘How many people saw any edition of a magazine used by my client?’</p>



<p>The next step up changed ‘any edition’ to ‘an average edition’.</p>



<p>Then moving up: ‘How many people saw the actual edition of a magazine in which my client’s ad appeared?’; and on to ‘How many people saw the actual page on which my client’s ad appeared?’.</p>



<p>There were several other stages until at the top of the pyramid we got to ‘How many people saw my client’s ad and acted upon it?’</p>



<p>My point was we were stuck on the lowest segments of the pyramid.</p>



<p>This was in 1980. 45+ years ago.</p>



<p>Now replace ‘magazine’ with ‘website’ and change some of the obvious descriptors.</p>



<p>At least back then we knew that our ads had appeared, where, and the surrounding context. Now we don’t.</p>



<p>Back then there was one unquestioned source of audience data. It may have been guesswork but everyone had the same base. No longer.</p>



<p>Remember the digital evangelists sneering how we have so much more audience knowledge today than back in the ‘dark ages’?</p>



<p>On 23<sup>rd</sup> January, ‘Private Eye’ reported, in the context of several states considering banning under 16s from social media: “Both META and Snapchat have said there is a significant margin of error when seeking to determine whether a user is in fact under 16.”</p>



<p>And yet the platforms sell on the basis that they can tell advertisers exactly who their ads reach, on a one-to-one, minute-by-minute basis.</p>



<p>The foundation of advertising is to be Legal, Decent, Honest and Truthful. Those words are important; over time they’ve shielded advertising from external regulation.</p>



<p>The ASA builds on these foundations:</p>



<ul><li>Truthful: substantiate all objective claims.</li><li>Non-misleading: must not deceive, omit or mislead through exaggeration</li><li>Social responsibility: must not encourage illegal, unsafe or anti-social behaviour.</li></ul>



<p>Shouldn’t these foundations apply to the collection and use of online audience data as much as to any other advertising discipline?</p>



<p>There is plenty of evidence on which media forms deliver consistent business results for advertisers.</p>



<p>Guesswork informed by evidence beats buying the salesman’s patter. Without question.</p>
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		<title>The Measurement Caddies</title>
		<link>https://www.bjanda.com/blog/the-measurement-caddies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 16 Feb 2026 09:15:30 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1914</guid>

					<description><![CDATA[An old golf joke. A wealthy tourist is playing one of the iconic Scottish courses, accompanied by an ancient caddy. The golfer hits a truly awful shot. Silence from the caddy. ‘Funny old game, golf’ says the player. ‘Aye, but it’s not meant to be’ comes the caddy’s reply. I started my career in audience [&#8230;]]]></description>
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<p>An old golf joke. A wealthy tourist is playing one of the iconic Scottish courses, accompanied by an ancient caddy. The golfer hits a truly awful shot. Silence from the caddy. ‘Funny old game, golf’ says the player. ‘Aye, but it’s not meant to be’ comes the caddy’s reply.</p>



<span id="more-1914"></span>



<p>I started my career in audience measurement. The top audience researchers were, still are (to coin a phrase) serious people. Professional, thorough, happier in the background.</p>



<p>It was (is) a community of experts, the media industry’s caddies. They knew and understood the game. The sales guys played the shots and took the glory; the measurement guys kept their council, maybe lifting the odd eyebrow.</p>



<p>They believed that the industry should come together, agree on the highest measurement standards and apply them. Set up processes to keep the whole thing under technical review and make improvements as required.</p>



<p>These principles were the foundation pillars of the JIC system. Questioning them was out of the question.</p>



<p>All of which is background to a number of the dilemmas we face today.</p>



<p>First, today’s biggest players don’t care about the rules. Question the principles, change the language, keep the data hidden. Do what’s best for them regardless of any higher good. Move fast and break things, as Facebook had it.</p>



<p>Second, without the largest players the JICs can no longer set industry-wide rules. The new players not only aren’t a part of the game; they aren’t interested in being on the pitch.</p>



<p>Third, analytic techniques have advanced to great effect assessing what works. Audience measurement is a means to an end, not the end itself. The time for inward looking micro-debates and discussions is past.</p>



<p>But: there is merit in agreeing on the fundamentals.</p>



<p>Take definitions. If we can’t agree what the words ‘viewer’, ‘impression’, and ‘reach’ mean, and we can’t, any debate involving more than one media form becomes by definition fallacious. It’s not so much comparing apples and oranges, as failing to agree that both are fruits.</p>



<p>The what-things-mean debate of a few years back has been towed off-road where it remains parked in a layby. Eventually it will be towed away and scrapped.</p>



<p>The ‘definitions’ game moves on – to the square marked ‘outcomes’.</p>



<p>Why does it matter what Facebook (insert your favourite platform here) decrees as ‘an outcome’? Facebook carries ads; Facebook considers all ads on Facebook as successful.</p>



<p>That’s the word from above – now, off you go to prove it.</p>



<p>If only it were that simple. Advertisers of all shapes and sizes spend money to achieve something. What exactly is rooted in their individual businesses. It may be sales, improvements to margin, reputational gains, or influence over Government policy. Or any combination of these and other things</p>



<p>Whatever the goal, it’s a laudable aim to assess which elements of spend have contributed what.</p>



<p>Media life is complicated, whatever the platforms (or Sir Martin Sorrell) tell us. To pretend, post launch, that comms life starts from the moment you place an ad on any channel is silly.</p>



<p>There will be years-worth of advertising (and other commercial activities) on multiple channels to consider.</p>



<p>There are largely non-measured, non-advertising channels like shopfronts, promotions, call-centres, online reviews, influencers.</p>



<p>Done well everything works together. Each element adds something; done badly, with no synergies wastes money.</p>



<p>To make sense of everything you need a way to tease apart the inputs and the outputs. You need models, advanced analytics, skilled interpretation. You need a way to quantify the unquantified.</p>



<p>Models are only as good as what goes into them; including a measure of who has been exposed to the message, and in what numbers.</p>



<p>If audience measures are compromised the model is less reliable.</p>



<p>Houses are more likely to survive the storm if they’re built with the best bricks. Compromise on the bricks and you’ll pay a lot more when you come to rebuild the house.</p>



<p>All of which is a long-winded way of coming to five conclusions and one ambition.</p>



<ul><li>Validated audience numbers are important not just as a trading currency but also as an accurate input to the assessment of effect.</li><li>Including unvalidated numbers in models can lead to misleading conclusions. Always question the composition of the bricks.</li><li>Measuring ‘outcomes’ is desirable as long as the measurement is comprehensive, inclusive and independent.</li><li>Believing unexplained cod data presented by the vendor as an extensive analysis of effect is for the birds.</li><li>Stirring the mud using one word, ‘outcomes’, to mean two different things only helps the person wielding the biggest stick.</li></ul>



<p>We need a centre for learning; to which all expertise contributes. Lessons learned can be aggregated and the aggregation made available for the good of all. Individual advertisers can contribute elements from their own bespoke work to add to the sum of knowledge.</p>



<p>This is one part of the ambition for the next stage of <a href="http://www.advertisingwhocares.org/">Advertising: Who Cares?</a> Join us to help.</p>
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		<title>Speaking Out</title>
		<link>https://www.bjanda.com/blog/speaking-out/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 09 Feb 2026 14:42:39 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1911</guid>

					<description><![CDATA[A couple of weeks ago the Cog Blog published ‘Thought Leaders; Thought Followers’ highlighting how rarely our largest media agency leaders participate in open discussion. Several commentators duly discovered the American author (and failed politician) Upton Sinclair: “It is difficult to get a man to understand something when his salary depends upon his not understanding [&#8230;]]]></description>
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<p>A couple of weeks ago the Cog Blog published <a href="https://www.bjanda.com/blog/thought-leaders-thought-followers/">‘Thought Leaders; Thought Followers’</a> highlighting how rarely our largest media agency leaders participate in open discussion. Several commentators duly discovered the American author (and failed politician) Upton Sinclair: “It is difficult to get a man to understand something when his salary depends upon his not understanding it”.</p>



<p>The fact is our largest agencies, the very organisations who should be leading the industry, are conflicted. Who at the end of the day is their client?</p>



<span id="more-1911"></span>



<p>I’ve always thought that everything starts and ends with the advertiser. Build a great relationship based on trust; make sure your advice is objective and in the best interests of the client; be honest over fees; rinse and repeat.</p>



<p>This may be hard, although there are plenty of independent agencies from the7stars down who seem to manage, but that’s no reason to trash transparency and objectivity.</p>



<p>Those that put cash from media or adtech vendors ahead of open-ness find themselves conflicted when it comes to speaking up.</p>



<p>Last week The Advertising Association were kind enough to invite me to their <a href="https://adassoc.org.uk/our-work/lead-2026-celebrates-leadership-through-trust/">LEAD 26 Summit</a>, on the theme of leadership through trust.</p>



<p>I fully understand the need for the AA to find LEAD sponsors, including this year META, and Google both of whom appeared on stage (Google twice, once as YouTube). But sponsorship shouldn’t equal a free pass.</p>



<p>META and YT have been in the news recently – YouTube has been busy sending ‘cease and desist’ letters to BARB; META has been accused of profiting from scam ads that remain on the platform.</p>



<p>Alison Lomax, YouTube’s UK MD stressed the need to play by the rules, and the importance of measurement, without the inconvenience of being asked to explain how this fits with the BARB row.</p>



<p>META’s Security Policy Manager, Rita Amin said that the extent of revenues from scam ads had been exaggerated, without being pushed to explain what they were planning on doing with the $4bn or so admitted to (it seems unlikely any will be going to the vulnerable suffering from the worst excesses on their platforms).</p>



<p>Talking of which, and as a contrast, I was also last week invited to a preview screening of a film called Molly Vs the Machines followed by a discussion featuring some of those involved.</p>



<p>The film tells the true story of Molly Russell, the 14-year old who took her own life in 2017 in part as a result of what she was exposed to via algorithms on Instagram. I wrote a <a href="https://www.bjanda.com/blog/whats-it-got-to-do-with-us/">Cog Blog post</a> on this dreadful case when the Coroner’s verdict emerged five years later in 2022.</p>



<p>The film will be shown in UK cinemas for a couple of days in early March and will then air on Channel4 on March 3rd. It is powerful, emotional, inspirational and horrific all at once. Do watch it.</p>



<p>It’s the advertising industry that largely funds the sites that are implicated in this and other tragedies.</p>



<p>We should be asking the platforms, and their representatives at the IAB (also on stage at LEAD) questions around content and regulations whenever we get the chance, and especially at our industry’s top events.</p>



<p>Not to do so is to avoid responsibility; to be complicit.</p>



<p>There are many good people working for our largest agencies, and our biggest clients whose potential influence to drive change is considerable and far greater than the odd blogger. They should be encouraged to speak out.</p>



<p>By stopping them from doing so the organisations they work for are, by denial, delaying any solution to these problems.</p>
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		<title>People Buy People</title>
		<link>https://www.bjanda.com/blog/people-buy-people/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 02 Feb 2026 11:43:00 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1907</guid>

					<description><![CDATA[A substantial disconnect (one of many to be fair) between advertising people and financial commentators and investors is the degree of (dis)comfort with the old notion that 70% of an agency’s assets go up and down in the lift every day. Ad people naturally enough believe this to be true. The greatest asset they have [&#8230;]]]></description>
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<p>A substantial disconnect (one of many to be fair) between advertising people and financial commentators and investors is the degree of (dis)comfort with the old notion that 70% of an agency’s assets go up and down in the lift every day.</p>



<p>Ad people naturally enough believe this to be true. The greatest asset they have is their people, and the reason for that is that they’re convinced, as am I that advertisers buy people. Plus it’s always reassuring to be described as an asset.</p>



<span id="more-1907"></span>



<p>Clients buy experience, talent. They want people they can trust, people who will put their needs first, people who can sit alongside them and help them solve their problems.</p>



<p>That’s not to say they don’t want tools, technologies, AI, data geeks and dashboards. It’s just that those things are a means to an end, not an end in themselves.</p>



<p>To paraphrase Sir John Hegarty at the launch of <a href="http://www.advertisingwhocares.org">Advertising: Who Cares?</a> in September 2024: ‘Nobody remembers Gutenberg’s second book. The guy invented an astonishing piece of technology, which changed the world. As far as we know he never printed a word of his own. Bartolomeo Cristofori may have invented the piano, but history suggests he never composed a note’.</p>



<p>This reliance on human creativity unsettles those happiest with spreadsheets. How can they value a genius over a mere mortal? How do they identify a genius in the first place? Geniuses are unstable assets; they may very well go down in the lift and then continue on straight out of the door.</p>



<p>Of course many also can’t articulate why AI will change the ad world for the better, although they’re happy enough pointing out how many jobs it will replace.</p>



<p>I was working in Leo Burnett in the US in 1993 when a Chicago-based fund manager called David Herro initiated the campaign that eventually led to Maurice Saatchi and his brother Charles being removed from the agency they founded.</p>



<p>I was asked by my bosses for my opinion, I suppose as the resident Brit. I said I thought it likely that the brothers would attract a number of Saatchi and Saatchi clients to their new agency, M&amp;C Saatchi. Others would be unsettled. Maybe we could benefit?</p>



<p>This observation was met with incredulity; clients were loyal to institutions, not individuals.</p>



<p>Turns out many weren’t then, nor are they now.</p>



<p>These thoughts were prompted by what’s happening today, with mergers, layoffs, closures. <a href="https://www.linkedin.com/feed/update/urn:li:activity:7421137482714550272/">Ivan Fernandes’ post</a> a week or two ago on LinkedIn puts it well. Those being cast aside won’t disappear; they’ll reappear bursting with talent and ideas that have been suppressed over their time in a large holding company.</p>



<p>Many will use the tools, the technologies in the way they’ve learned. They’ll focus on clients and putting the tools to work. Rather than boasting online that solution A is so superior to solution B for reasons that only the true specialist can be expected to appreciate, they’ll be adding in their human expertise, and mixing it all together to benefit their advertisers.</p>



<p>Thanks for the piano Bartolomeo, time for the geniuses to create music.</p>
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		<title>Thought Leaders; Thought Followers</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 26 Jan 2026 09:06:24 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1903</guid>

					<description><![CDATA[I don’t much like this time of year. In London it’s wet, dreary, cold, dark, that’s true, but far worse this seems to be the time of year for memorials and saying goodbye. Just in the last two or three months (and only in my world) we have lost Denise Turner, the IPA’s Research Director [&#8230;]]]></description>
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<p>I don’t much like this time of year. In London it’s wet, dreary, cold, dark, that’s true, but far worse this seems to be the time of year for memorials and saying goodbye.</p>



<p>Just in the last two or three months (and only in my world) we have lost Denise Turner, the IPA’s Research Director at an unfairly young age, my old agency colleague Bryan Smith, and the peerless Dominic Proctor, CEO of JWT, Founder CEO at Mindshare. As I wrote in another place, Dom was loved not only by those who worked for him and with him but by those of us who competed against him.</p>



<span id="more-1903"></span>



<p>WPP Media put on a fine memorial for Dom. There were many of us old agency guys there, many memories to unearth and enjoy.</p>



<p>In one conversation with JWT’s one time Media Director, Ron de Pear we got on to agency thought leaders; and where are they?</p>



<p>In my (and Ron’s) day we had big thinkers in the agencies to look up to: Jeremy Bullmore, Stephen King, Simon Broadbent, David Abbott, John Hegarty, John Webster, Paul Feldwick.</p>



<p>In the media world the likes of John Perris, John Billett, Mike Yershon, Chris Ingram were all highly visible. What they had to say about the business and the media was consequential, and mattered.</p>



<p>Where are the media agency thought leaders of today? Those who should surely be leading, those at the top of the largest media agencies tend to stay quiet. When you work for a large corporate you presumably need to check every public pronouncement with some group PR in case of causing offence.</p>



<p>This leads to the mundane, the avoidance of controversy. Agencies these days follow, they don’t lead the business.</p>



<p>Today’s thought leaders are more likely to be consultants, media vendors, research suppliers than agencies. Go and listen to any panel of agency leaders at any conference. What you get is violent agreement; a competition not to challenge.</p>



<p>With agency revenues coming from so many sources these days you need fancy footwork not to upset your paymasters.</p>



<p>It’s not just the lack of original thinking in agencies that Ron and I were decrying, but the disappearance of deep business relationships.</p>



<p>A number of years ago there was a memorial for Peter Howard-Williams. For those who don’t remember Peter, he was Mr Cinema. He was a larger-than-life legend.</p>



<p>He retired to sunnier climes and then sadly passed away.</p>



<p>His memorial was attended by a who’s who of the media world. Agencies, salesmen, clients, past and present.</p>



<p>I remember wondering at the time if anything comparable would ever happen again.</p>



<p>In Peter’s day the human touch in sales counted.</p>



<p>Is this just nostalgic rambling? Up to a point, but in an era within which we all agree that collaboration is key; that creativity in advertising is no longer a department but everyone’s responsibility, we need human interaction more than ever.</p>



<p>Listening to the reminiscences the other evening from those who knew Dom Proctor best what stuck out was the humanity at the heart of all the stories. He succeeded; Mindshare succeeded with the toughest clients because of this.</p>



<p>Of course he was smart, a man who, as the current boss of WPP Media, Brian Lesser pointed out, spotted talent and encouraged everyone to strive for excellence, with a smile. He was also, as the number of sales guys present indicated, a partner, a seeker after great ideas from wherever.</p>



<p>We need more Doms, now more than ever at just the time when I fear they’re in short supply.</p>
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		<title>Biggest Number Wins; We All Lose</title>
		<link>https://www.bjanda.com/blog/biggest-number-wins-we-all-lose/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 19 Jan 2026 14:18:18 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1900</guid>

					<description><![CDATA[The fact that the ad industry is in a mess isn’t in doubt. We operate a business model no longer fit for purpose. We face substantial job losses. Creativity in advertising is in retreat. Original content creation is under threat. Direct political interference in how budgets are spent is real. Audience definitions and numbers are [&#8230;]]]></description>
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<p>The fact that the ad industry is in a mess isn’t in doubt. We operate a business model no longer fit for purpose. We face substantial job losses. Creativity in advertising is in retreat. Original content creation is under threat. Direct political interference in how budgets are spent is real. Audience definitions and numbers are no longer verified.</p>



<p>With hindsight this has been brewing for decades; ever since media excellence was defined as delivering the biggest numbers for the lowest cost.</p>



<span id="more-1900"></span>



<p>Many see ‘media’ as being all about the buy. It is sad that even today, multi-functional media agencies are still reduced to the lazy shorthand descriptor: ‘media buyers’.</p>



<p>We remain in Wildean territory, understanding the price of everything and the value of nothing</p>



<p>As media (and tech / data) people we don’t help ourselves; we revel in our own language, we don’t welcome outsiders. We wallow in our specialism.</p>



<p>Big numbers rule, even if we have to make them up.</p>



<p>The US media business is the main culprit; we all follow along. Yet historically the way the US ‘does media’ has leant towards the making of the buy over the construction of the plan.</p>



<p>The upfront was a thing – is a thing.</p>



<p>TV audience measurement was (is) programme, not commercial based. Selling audiences to commercials rather than programmes may reflect reality but it meant smaller numbers. Heaven forfend.</p>



<p>Someone in the US will reply to this and blame advertisers not their advisors. This is like saying we were only following orders in prioritising the wrong thing for the wrong reasons.</p>



<p>Buying a large audience, cheaply, may have obvious benefits, but it’s unbalanced. The nuance of how ads are displayed, how they’re consumed; how their effect is impacted by context are all important.</p>



<p>We know this; but when push comes to shove, we follow the biggest numbers and spend accordingly.</p>



<p>There is a real danger this will end in tears. Consider the giant social media platforms, the big number factories.</p>



<p>They’ve weaponised audience measurement; everything is acceptable as long as the number is big. They avoid scrutiny and hide within walled gardens.</p>



<p>But what if, despite ever-bigger numbers, time shows that for many the ads don’t work? Who will call who to account?</p>



<p>There’s a parallel with ad fraud. Today, advertisers waste something like US$100 billion a year advertising to nobody.</p>



<p>That is an extraordinary fact. The ad industry ignores it.</p>



<p>There are lots of reasons why we do, but arse-covering is never a long-term solution. Nor should funding criminal activity be written off as ‘cost of doing business’.</p>



<p>Eventually some CFO, or CEO will join the dots; in fact, I’m in little doubt that that is already happening.</p>



<p>Here’s a fictional advertiser non-marketing perspective.</p>



<p><em>‘We are spending millions of dollars, and when I ask you what we get for it you quote numbers made up by those taking the money. I read that a significant amount is going either on supporting those who mislead the public with fake AI-generated ‘ads’, or who mislead our shareholders by buying ads that nobody sees.</em></p>



<p><em>I hear on the news that people die as a result of what they see online. There’s an AI product that ‘undresses’ women. There’s talk of bans amongst young people.</em></p>



<p><em>When I ask what we’re doing to ensure our ads only appear appropriately all I hear is algorithms, and political pressures.</em></p>



<p><em>My agency recommends we ‘spend behind the numbers’ regardless; but nobody can explain to me what the numbers mean in my world.</em></p>



<p><em>My sales are down; my margins are under pressure. My brand is being undercut.</em></p>



<p><em>We should take a break from wasting money on advertising and review what we can do instead.’</em></p>



<p>We should start by educating our clients. We know that 200 million is bigger than 150 million but there’s more to media thinking than that. We need to moderate our obsession with big numbers</p>



<p>We are expert advisors. We need to do what’s best for our clients, not follow the herd or be bullied by politicians.</p>



<p>Clients pay for everything. The rest is noise. Agency and holdco CEOs need to stress that, again and again to their shareholders.</p>



<p>They need to look forward, to read the room. As Pesach Lattin’s <a href="http://adotat.com" data-type="URL" data-id="adotat.com">Adotat </a>has it this week: <em>“A lot of people inside adtech have realised this apparatus isn’t good for anyone. Not brands. Not agencies. Not even vendors long-term because eventually the music stops and someone notices the room is full of people pretending to dance while pickpocketing each other.”</em></p>



<p>For their part clients and only clients can make change happen. Educating them in how to ask the right questions, how to value their media spend, what to look out for should be our job.</p>



<p>This is why <a href="http://www.advertisingwhocares.org" data-type="URL" data-id="www.advertisingwhocares.org">Advertising: Who Cares?</a> is going to pull together the best thinking without fear or favour, for everyone to use.</p>



<p>One contribution to cleaning the Augean stables.</p>
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		<title>It&#8217;s The Way You Sell &#8216;Em</title>
		<link>https://www.bjanda.com/blog/its-the-way-you-sell-em/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Nov 2025 12:55:18 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1897</guid>

					<description><![CDATA[I once managed to persuade Rupert Murdoch into Leo Burnett (I was Media Director) for ‘The Chairman’s Lunch’. This was held every month or so, hosted by the late great Richard Wheatly for senior clients. My job was to get a ‘media character’ along. I invited Murdoch; this was in the early days of Sky. [&#8230;]]]></description>
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<p>I once managed to persuade Rupert Murdoch into Leo Burnett (I was Media Director) for ‘The Chairman’s Lunch’. This was held every month or so, hosted by the late great Richard Wheatly for senior clients. My job was to get a ‘media character’ along. I invited Murdoch; this was in the early days of Sky. He said yes. Amongst the clients present was someone senior at Kellogg’s.</p>



<span id="more-1897"></span>



<p>At one stage Murdoch asked the Kellogg’s man how many boxes of cornflakes he sold. What would it cost to advertise Sky on the back of the packet? My memory is the Kellogg’s guy knew the volume of boxes sold but had no idea how to price an ad on the back. He said he saw no reason why this couldn’t happen.</p>



<p>To my shame (and against myself given the rest of this post) I didn’t contribute anything; I guess I just assumed this was an interesting exchange, nothing more.</p>



<p>The next morning, early, I had an angry Kellogg’s CMO on the phone. What was I thinking; didn’t I have any idea about the production timetable on cereal boxes?</p>



<p>Apparently, Murdoch had his people call the CMO first thing to close the deal and to ask when they could expect the first boxes with Sky ads on them to hit the stores.</p>



<p>It never happened.</p>



<p>Fast forward a few decades. A Board Advisor from one of the platforms arrives in London by private jet to see a major advertiser’s CEO. His message was ‘why are you wasting all this money on TV advertising? All you need is us’. Luckily the CEO is well enough informed, and close enough to his CMO to deflect and refer. The Advisor flew home with nothing.</p>



<p>Another couple of decades passes. I am on a call with a large US-based client. This client has decided to make a major advertising investment in one of the platforms. All dealings would be direct, not via any of the roster agencies. Everything would be via the client’s FD and team; marketing would not be involved.</p>



<p>I asked how the client would know if this activity was working. Easy, came the reply, the platform concerned tells us, they share the numbers.</p>



<p>What all of these stories – separated by 40-odd years – have in common is how great salesmen, Murdoch, the Advisor, the platforms themselves, go about convincing their prospects to buy whatever it is they’re selling. They bypass those who may be sufficiently well-informed to question what they’re being told and instead go to the top.</p>



<p>Agencies have increasingly become bit-part players; they’re not consulted by the upper echelons of their clients’ managements.</p>



<p>One large agency told me the other week (loudly, and slowly) that I had to understand that it’s all about JBPs (Joint Business Plans, for sake of clarity) these days, and that at the end of the day the agency can only advise.</p>



<p>Goodness.</p>



<p>Agencies, like any other professional advisor exist to advise. The point is their advice was once upon a time considered essential. It was rare for any client to agree an over-arching deal with a media vendor without the agency’s input.</p>



<p>But over time we’ve become note-takers, ciphers, rather than valued advisors. That’s what a lack of trust does.</p>



<p>The main platforms are remarkably good at selling. They avoid the ‘experts’, those with the awkward questions and go straight to the top. Let the grown-ups do the deals and then the foot soldiers can sort the detail. Keep the experts happy by sponsoring the odd talking shop. No top manager is ever going to admit being played.</p>



<p>Would the CEO call his agency? Nope.</p>



<p>There’s one likely outcome. The investment in advertising on the platforms to the exclusion of most everything else won’t work for brands. There’s already plenty of evidence it doesn’t work. The value of brands will decline.</p>



<p>And who’s fault will that be?</p>



<p>You have one guess.</p>
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		<title>Who Cares? Why Care?</title>
		<link>https://www.bjanda.com/blog/who-cares-why-care/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 06 Nov 2025 12:08:13 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1892</guid>

					<description><![CDATA[Last month Advertising: Who Cares? (AWC) the movement started by myself and Nick Manning in 2024 held its second event – a Summit. My LinkedIn feed filled with lovely posts, not just around the content created by our workstream leaders and their teams over 8 months, but with praise for the whole notion of a [&#8230;]]]></description>
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<p>Last month Advertising: Who Cares? (AWC) the movement started by myself and Nick Manning in 2024 held its second event – a Summit.</p>



<p>My LinkedIn feed filled with lovely posts, not just around the content created by our workstream leaders and their teams over 8 months, but with praise for the whole notion of a volunteer movement.</p>



<span id="more-1892"></span>



<p>It is indeed remarkable that very busy people, in senior jobs and with a lot of plates to keep spinning have been prepared to give up their time, for free.</p>



<p>It seems a fair conclusion that many do indeed care about advertising; as a cultural phenomenon as much as a way to earn a living.</p>



<p>The ad business has always been a mix of science and creativity, of logic and emotion. At its best it can stir you. At its worst it can annoy you and interrupt you even as you studiously ignore it.</p>



<p>We have our four-year old grandson and family living with us for a few weeks. We have watched all sorts of TV shows (many funded by advertising), we’ve been to the cinema, we’ve looked at printed Marvel comics (which he chose) and then the other day he happened to be watching my phone when the Honda Cog ad from 2003 dropped into my feed.</p>



<p>He’s been hassling me to watch ‘the film with the car in bits’ more times than is good for him. 22 years after it came out. An ad that predates YouTube, and AI and allegedly took 606 takes. An ad so perfect that even the voice over (the voice over has seven words over the 2 minutes) featured a then-recognisable talent (Garrison Keillor). To choose Joe Nobody would have been to betray what went before.</p>



<p>Did anyone in procurement argue about using Keillor? Who knows, but I very much doubt it. If you’re producing art you don’t spend time fussing about the cost of the brushes.</p>



<p>Yeah yeah, old hat not relevant to today, blah blah.</p>



<p>This week the 2025 John Lewis Christmas ad dropped. It’s lovely, a professional piece of communication put together by professionals. I may wonder why they’ve gone a week earlier than last year (come on, I’m a media guy) but there’s no doubting the quality of the content.</p>



<p>What John Lewis has done, first with Adam and Eve and now with Saatchis, is recognise a good thing and stick with it. I have no idea what financial return the JL company has received over the years since they reinvented Christmas advertising, but I bet it’s considerable.</p>



<p>Honda on the other hand – can anyone remember or quote a Honda ad from the last 22 years? Does anyone these days associate Honda with precision engineering excellence, the Cog message?</p>



<p>Consistency works better and for longer than one-off tactical thoughts.</p>



<p>Honda could have owned precision engineering. Surely that would have been a valuable association on which to build.</p>



<p>We work in an endlessly fascinating industry staffed by interesting, varied talented people. People who can convince a brave client that it’s a really good idea to drop 250,000 balls from the top of a hill in San Francisco to dramatize colour. People who can turn the aggravation of waiting longer for your pint into a positive. People who can make confusing two similar-sounding words into a campaign for a boring insurance price comparison site, and then into part of the language.</p>



<p>We care about these things because (quite aside from adding to the gaiety of life) they work for our clients. Regardless of the impressions bought, the likes gathered, the clicks. They work.</p>



<p>There is simply no comparison to sitting watching Cog in all its 2-minute glory versus being interrupted by a YouTube ad featuring a chopped-up Cog, produced on the whim of some soul-less media buyer who’s convinced the client he really needs ‘to maximise reach and frequency’.</p>



<p>The best advertising is about ideas with numbers; creativity married to metrics. Reduce the art down to numbers alone and it loses. Link art and science and you make both work better.</p>



<p>At its best advertising works, gloriously. It builds businesses. It funds quality media forms that people like to watch or read. It brightens city streets. It allows us to stay in touch with friends the world over. It funds the world’s greatest ever source of knowledge and information. It opens the door to creativity and allows the talented to flourish from their bedrooms.</p>



<p>It does all of these things and more – online, offline, it’s a matter of balance.</p>



<p>It also allows me to sit in a chair with a four-year-old on my lap and watch a 2-minute thing of beauty, 22 years later. And to watch him being fascinated by it.</p>



<p>Is it any wonder so many of us care?</p>
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		<title>Everyone&#8217;s An Expert</title>
		<link>https://www.bjanda.com/blog/everyones-an-expert-2/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 23 Oct 2025 11:54:43 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1889</guid>

					<description><![CDATA[There’s a saying: ‘Everyone’s an expert in two things. His or her own job, and advertising’. This implies two things. First, there is a defined thing called ‘advertising’ and second that it’s something you can become expert in, without expending too much effort. To the first, the matter of definition. Is a shop front advertising? [&#8230;]]]></description>
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<p>There’s a saying: ‘Everyone’s an expert in two things. His or her own job, and advertising’. This implies two things. First, there is a defined thing called ‘advertising’ and second that it’s something you can become expert in, without expending too much effort.</p>



<span id="more-1889"></span>



<p>To the first, the matter of definition. Is a shop front advertising? A shirt sponsorship? Where does promotion stop and advertising begin? When does an influencer become a channel? And so on.</p>



<p>I prefer a simpler definition: to the consumer it’s all advertising.</p>



<p>Last week saw the Advertising: Who Cares? (AWC) Summit. In full disclosure I am Co-Founder with Nick Manning of the whole shebang, but my point is not to say how wonderful it was, how great the speakers were, how comfortable the seats or how immaculate the on-the-ground organisation. No, my point is this: SO WHAT?</p>



<p>This event was deliberately titled a Summit. We want to achieve something with AWC; we want to make the advertising industry a better place to work, that produces better work for the advertisers we are there to serve.</p>



<p>Last week’s effort was not a conference, in the modern meaning of the word.</p>



<p>Useful discussions can and do take place at conferences. They often happen in beautiful places. They are forums to exchange ideas. They allow participants to practice the much under-appreciated skill of ‘networking’. Many are pay-to-play, something not always clear to participants. I spoke at my first conference in the late 1970’s. I’ve never paid to speak (I’m rarely asked these days) and I can’t think of a single speech I’ve made that’s changed anything significant.</p>



<p>A homily on a placard on the desk of a Chicago newspaper editor in the early 1900’s read: “Whatever a patron desires to get published is advertising; whatever he wants to keep out of the paper is news.” As long as everyone understands the rules, then good luck to them.</p>



<p>The AWC Summit (not conference) was not sponsored. Not everything we had to say is popular with certain actors. At various times since we started 18 months ago we’ve been accused of being anti-adtech, anti-platforms, anti-holdcos, anti-modern business. We are it seems an equal-opportunity upsetter. The accusations are nonsense. Anyone can join our supporter group; anyone can volunteer to help. There’s no fear or favour involved.</p>



<p>Last week’s Summit has generated a lot of comment. Much has been very kind, perhaps too kind, too soon. We are, to coin an awful phrase, on a journey – we need to pay attention to the many great ideas that have emerged from 8 months’ worth of hard work by 70 volunteers across 9 workstreams, and then with them, and with our trade bodies and their various excellent initiatives move forward.</p>



<p>Don’t let’s fool ourselves: we are in a mess. We are facing a group of enormously wealthy people who think that advertising is so simple it can be left to them to sort everything out automatically. These are people who believe that anyone can be an expert in advertising.</p>



<p>Meanwhile many genuine experts are busy looking the other way; ignoring the evidence in front of their own eyes. If the techbros don’t destroy us, we’ll destroy ourselves.</p>



<p>There is quantity and there is quality. How you mix them is a skill, if you mix them is a choice, but regardless there are two axis. It is unusual to go 100% one way or the other; generally a mix works best.</p>



<p>Later posts will go more into how not to confuse cost with value.</p>



<p>For now – Advertising: Who Cares? is on the way to somewhere. Hopefully somewhere better.</p>
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		<title>Plan? What Plan?</title>
		<link>https://www.bjanda.com/blog/plan-what-plan/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 03 Sep 2025 11:39:52 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1886</guid>

					<description><![CDATA[‘Planning’ is having a moment. There are posts on measurement, on MMM, on Origin, on cross-media, on using data, on owning data, on what we mean (or should mean) by outcomes, on where we’re all going wrong and from when. At least it makes a change from the horrible mess that is ‘buying’. The trouble [&#8230;]]]></description>
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<p>‘Planning’ is having a moment. There are posts on measurement, on MMM, on Origin, on cross-media, on using data, on owning data, on what we mean (or should mean) by outcomes, on where we’re all going wrong and from when. At least it makes a change from the horrible mess that is ‘buying’.</p>



<span id="more-1886"></span>



<p>The trouble is, ‘planning’ has become one of those words that means different things depending on who’s using it. It is a member of the ignoble club of mis-understanding. Fellow members include ‘outcomes’, ‘reach’, ‘impressions’, ‘views’, even ‘agency’. To qualify for membership, any attempt to define what exactly a word means is followed by: ‘It depends’.</p>



<p>To an OOH specialist, the proportionate mix of different formats constitutes ‘planning’. To a video expert the balance between broadcast, streaming, YouTube, FB Video requires ‘planning’.</p>



<p>There’s nothing in any way wrong with this, what we used to call intra-media planning is essential but there’s an issue that is a lot more consequential than what we put in some dictionary of terms.</p>



<p>And that issue is: clients won’t pay for intra-media planning. Why should they? The balance between OOH contractor A and contractor B is something the agency does as a matter of course. They can’t buy space (in this case) without doing it.</p>



<p>Agencies have since the dawn of time worried about how to increase their revenues. I remember the old commission versus fee debates; and the jealous glances cast in the direction of management consultancies.</p>



<p>Regardless of what is on social media, this is not a new problem.</p>



<p>The Cog Blog has commented many times over the last 12 years on the various smart, devious, open, hidden ways agencies have tried to extract more from their clients; or as the agencies (and I) would prefer it – how to get paid fairly for the value they bring.</p>



<p>Increasing revenues from clients falls into the too difficult bucket for many, who prefer the easier route of looking to vendors. This is neither wise nor any kind of long-term strategy for success.</p>



<p>Agencies of all hues spend their lives advising clients on what they should do. ‘Listen to your customers; make sure you satisfy a customer need’.</p>



<p>Five years ago <a href="https://www.bjanda.com/blog/agency-lessons-from-recessions/">in a post</a> considering lessons from the 2020 recession I wrote:<br><strong><em>“We are very quick to offer advice to others but, like the cobbler whose children went without shoes we are less good when it comes to our own industry”.</em></strong></p>



<p>We all know clients need help. Furthermore, ‘planning’ as I mean it, is immensely valuable to clients.</p>



<p>How to justify and build my budget? How to split the budget? What % to advertising, what to events / PR / sponsorships? Within advertising, what to video, what to audio, what to online? Within online what to Meta, etc. And on.</p>



<p>The last part of those questions is classic agency-land; the first part isn’t. The middle bit? Sort-of, depends on who you believe.</p>



<p>And yet it’s the first part that’s the most valuable, the most needed, and also where the greatest opportunity lies.</p>



<p>Marketing budgets are by definition larger than ad budgets; offering services that move upstream from advertising can if done well unlock new sources of revenue.</p>



<p>It’s essential in explaining effect. Which channel delivers the greatest effect is an important and actionable output from modelling; what happens downstream, within a channel is less easily explained in any manner that can be acted upon.</p>



<p>It’s the difference between strategy and tactics; between upstream and downstream; between big picture and points of detail.</p>



<p>These are all comms issues; how to use different channels to communicate. There’s a whole separate stream of expertise built around what used to be called account planning; what to say on these channels and how to say it. The two streams are interwoven, like two strands of rope combining to make the rope stronger.</p>



<p>This may all sound a bit esoteric, but it isn’t.</p>



<p>Clients won’t pay extra for planning, so runs the perceived wisdom. No, they won’t nor should they if ‘planning’ means deciding between YouTube and TikTok.</p>



<p>But if ‘planning’ means building and justifying a budget, dividing up what can be done by advertising, and what by some other means of communicating a message, then working hand-in-glove with creative teams to ensure a perfect fit between medium and message, two factors come into play.</p>



<p>First, you’re more likely to deliver success. Second, you’ll be providing value worth paying for.</p>



<p>Planning is the key to rebuilding the trusted relationship between the agency as partner and the client.</p>
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		<title>I Don&#8217;t Believe It</title>
		<link>https://www.bjanda.com/blog/i-dont-believe-it/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 04 Aug 2025 13:31:23 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1883</guid>

					<description><![CDATA[Victor Meldrew is a fictional cantankerous character in the BBC sitcom, ‘One Foot in the Grave’, played by Richard Wilson, whose catchphrase is often misquoted as ‘I simply don’t believe it’ (the word ‘simply’ is simply incorrect). Fake news is (according to Wikipedia) ‘false or misleading information … often (with) the aim of making money [&#8230;]]]></description>
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<p>Victor Meldrew is a fictional cantankerous character in the BBC sitcom, ‘One Foot in the Grave’, played by Richard Wilson, whose catchphrase is often misquoted as ‘I simply don’t believe it’ (the word ‘simply’ is simply incorrect).</p>



<p>Fake news is (according to Wikipedia) ‘false or misleading information … often (with) the aim of making money through advertising revenue’.</p>



<span id="more-1883"></span>



<p>YouTube is (again, according to Wikipedia) ‘a social media and online video sharing platform’.</p>



<p>TV is a source of entertainment in large part funded by advertising. TV advertising has been described as the most powerful form of advertising so far invented. As such it attracts large budgets.</p>



<p>Last week a couple of interested and, you must understand entirely unrelated events occurred.</p>



<p>In no particular order, BARB released data collected from its service on viewing to YouTube. <a href="https://uk.themedialeader.com/barb-lifts-the-lid-on-youtubes-viewership-reality/">Justin Lebbon’s piece</a> on The Media Leader is a useful summary. Two important findings are that the Top 200 YouTube channels account for 0.3% of total viewing; and that the key demographic driving YouTube viewing on TV sets is very young children.</p>



<p>The second event, naturally unrelated to the first one, is that YouTube cancelled its BARB subscription, although this does not mean that BARB will stop reporting on viewing to YouTube.</p>



<p>As background mood music we have YouTube’s CEO, Neil Mahon declaring in Cannes that his platform is ‘the future of TV’ and delivers on average over 200 billion views each day. If the world’s population is 8 billion, that means everyone on the planet views 25 YouTube short videos every day.</p>



<p>In parenthesis, YouTube has also (rather quietly) changed the definition of a ‘view’ to cover every time a video appears on screen, whether it’s actually, well, viewed or not.</p>



<p><a href="https://uk.themedialeader.com/no-one-knows-whether-youtube-is-tv-or-social-not-even-youtube/">In his ‘Media Leader’ piece</a> (TML is doing a good job consolidating its position as the must-read channel for media opinion), Omar Oakes makes the point that this is equivalent to his being exposed to an OOH site in Piccadilly Circus for so-many minutes as he was technically within 50 meters of the site, even if he was on the Piccadilly tube line stopping at Piccadilly Circus station at the time.</p>



<p>What must advertisers make of these shenanigans? Let’s recap.</p>



<ol type="1"><li>YouTube is ‘viewed’ 200 bn times a day; 25 views per day for everyone on the planet.</li></ol>



<p>Take-out: YouTube is very big, easiest the biggest ‘TV’ channel.</p>



<ul><li>YouTube accounts for 0.3% of viewing on TV sets in the UK.</li></ul>



<p>Take-out: YouTube as a TV channel is insignificant</p>



<ul><li>YouTube doesn’t want to support independent, industry-accepted measurement of TV viewing, presumably because the industry’s numbers disagree with its particular world view.</li></ul>



<p>Take-out: YouTube doesn’t like to be questioned.</p>



<p>Now, I’m not as green as I’m cabbage-looking. I know perfectly well that YouTube, as measured by BARB is nothing like the totality of the channel.</p>



<p>I also know that most viewing on YouTube is on screens other than static TV screens.</p>



<p>I use YouTube myself, as I’m sure do you. I also think (as do the other 8 billion on the planet, and I know because … I just do) the way they display ads sucks.</p>



<p>My unique take-out (unique because I’m writing on social media and I’m the only person ever to have had the thought) is that YouTube is a wonderful social media platform. It’s not TV and pretending it is is silly.</p>



<p>My next unique take-out is that advertisers are a) not idiots and b) don’t have time to dissect the issues surrounding audience measurement as it relates to YouTube.</p>



<p>My final unique take-out is that as we are not idiots we are able to distinguish between something that’s TV and something that isn’t. Not being TV doesn’t make you somehow worthless as an advertising medium; in fact, not being TV allows you to come up with a measurement approach appropriate to your particular strengths as a medium.</p>



<p>To avoid the Victor Meldrew trap it’s an idea to come up with an approach that is sensible, is shared with, endorsed by and is acceptable to buyers. And above all is believable.</p>



<p>Pretending to be something you’re not has consequences, you join a club with certain rules, one of which concerns measurement.</p>



<p>Shouting about 200 billion views is noise. Fake news; fake numbers.</p>
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		<title>Not Another Conference</title>
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		<pubDate>Thu, 24 Jul 2025 08:18:57 +0000</pubDate>
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					<description><![CDATA[Once upon a time if you wanted to talk about broad industry matters (beyond the vertical specialisms) you went to lunch. Or to the golf course. Now you go to a conference / event. The change from eating and golfing to meeting and talking doesn’t seem to have helped much. We’re still not solving the [&#8230;]]]></description>
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<p>Once upon a time if you wanted to talk about broad industry matters (beyond the vertical specialisms) you went to lunch. Or to the golf course. Now you go to a conference / event. The change from eating and golfing to meeting and talking doesn’t seem to have helped much. We’re still not solving the industry’s biggest problems.</p>



<span id="more-1877"></span>



<p>The answer, believe it or not lies in more talking, but talking honestly, openly and with a purpose other than selling something.</p>



<p>The second Advertising: Who Cares? (AWC) event, takes place at The Vue West End, Leicester Square all-day on October 16<sup>th</sup>. Tickets from <a href="http://www.advertisingwhocares.org">www.advertisingwhocares.org</a>.</p>



<p>Yet another conference? There are many conferences sponsored by organisations who would rather not answer questions, or even better not be asked any in the first place. This isn’t one of those.</p>



<p>AWC is a voluntary movement, with 700 signed-up supporters. It costs nothing to join, and nobody is paid anything for the work they do. Any surplus goes either to charity or is ploughed into building a knowledge-sharing resource to benefit the industry. We have no sponsors, although we accept services from those kind enough to help. We’re beholden to nobody. We have nothing to sell; our aim is to discuss and debate how to improve the industry, and then to put ideas into action.</p>



<p>Nick Manning and I started the Who Cares movement in 2024 on the back of shared concerns:</p>



<ul><li>The advertising business is in a mess.</li><li>The business model is no longer fit for purpose. Everything flows from this.</li><li>Advertising as a career doesn’t hold the same attraction for today’s graduates as it once did.</li><li>There is plenty of money – advertising is now a global US$1Trillion business – but huge amounts are wasted driving impressions to non-humans.</li><li>The production line from an ad’s creation to its appearance is too long, too complicated, too divorced from any campaign’s core aims, and siphons off far too much money,.</li><li>Measurement of audiences, once a model of collaboration has been weaponised, leading to confusion and poor decision making.</li><li>Craft skills that build on technology risk being subsumed by the technology; the servant is becoming the master.</li><li>We have a multi-faceted trust problem. Trust between agencies and clients; trust amongst consumers.</li><li>Too many ads are low quality, disliked or ignored.</li><li>If the industry worked better, the ads would improve.</li><li>Better ads deliver better results.</li><li>A happy industry is a productive industry.</li></ul>



<p>We want to encourage as wide a debate as possible around the issues we face and together find solutions to them.</p>



<p>This is easier said than done. Many of those closest to the industry’s problems would really far rather not talk about them. Admitting that the status quo isn’t working is hard. Too many are too vested in continuity.</p>



<p>Everything is connected to everything else; tackling an issue is like grasping a jelly; just when you think you&#8217;re getting somewhere the problem shifts elsewhere.</p>



<p>If agencies aren’t paid properly for the value they bring to their client’s business, they’ll chase revenue elsewhere. The twin victims are transparency and trust.</p>



<p>If the true value of advertising is hard to measure and quantify then the temptation is to measure something easy – like impressions.</p>



<p>If you don’t like the rules of measurement, that, for example define an impression, then change the rules. Obfuscate; confuse. The victim is clarity.</p>



<p>If, despite all the evidence, you believe that ‘gross impressions’ is a useful metric then it follows that the more of them you can get the better, regardless of where you find them. Advertising becomes commodified – the principle is Jack Cohen’s: ‘stack it high and sell it cheap’. The victim is original, quality content.</p>



<p>If we rely more and more on smart technology; the temptation is to hire cheaper people and train them less. All leading to less craft and more commodification. The victim is creativity.</p>



<p>Less creativity leads to samey, dull advertising. Work by Karen Nelson-Field and Adam Morgan (and others) demonstrates that dull advertising is expensive in the long run; it doesn’t work as well as the best advertising can. The victim is long-term brand value.</p>



<p>If advertising isn’t working as it should, the natural reaction is to blame someone. Working collaboratively is a more productive use of time than looking for a scapegoat. The victim is well-rounded ideas.</p>



<p>The AWC Summit will be about solutions. We have nine workstreams, each led by an acknowledged expert and ‘staffed’ by around 80 of our supporters, which will form the spine of the day. All by definition are people who care, from agencies, advertisers, vendors and our industry’s trade bodies.</p>



<p>We will build in time to listen, so if you care you should come along. By attending you’re helping improve the industry.</p>



<p>We won’t solve all the industry’s problems on October 16<sup>th </sup>but we will point the way.</p>



<p>Plus you get lunch, if not golf.</p>
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		<title>The Agency Business Splits</title>
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		<pubDate>Thu, 19 Jun 2025 13:50:51 +0000</pubDate>
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					<description><![CDATA[It always used to be said that you could sit through any number of agency presentations, take the company logo off the deck and struggle to tell one from the other. Not any longer. It’s been a strange few weeks in what some of us still see fondly as ‘adland’. Much of the strangeness involves [&#8230;]]]></description>
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<p>It always used to be said that you could sit through any number of agency presentations, take the company logo off the deck and struggle to tell one from the other. Not any longer.</p>



<p>It’s been a strange few weeks in what some of us still see fondly as ‘adland’.</p>



<span id="more-1874"></span>



<p>Much of the strangeness involves WPP. I hesitate to suggest such a thing; there’s an ‘under-seige’ sense that seeps out from many LI posts from WPP-ers. Not every commentator is:</p>



<ul><li>Nothing but a disenchanted ex-employee</li><li>A WPP-hater</li><li>A holdco-hater</li><li>Old and out-of-touch</li></ul>



<p>Granted, in my case one of these is at least partly true.</p>



<p>Pushing on regardless, and in case you’ve been on Mars (sorry, poor choice of planet):</p>



<ul><li>WPP announced the end of GroupM and the launch of WPP Media. Unfortunately, this was leaked to a trade paper before those most directly affected were told, leading to considerable stress and worry.</li><li>WPP has lost business</li><li>WPP lost many senior media staff including the team that built what was MediaCom, the UK’s largest and over time most consistently successful agency.</li><li>WPP lost its CEO who has announced he’s leaving with no successor named.</li></ul>



<p>Let’s try hacking away at the weeds whilst aiming off for vested interests.</p>



<p>It’s almost as if WPP, and I would contend some of the other legacy holdcos too have left the ad business, in order to become suppliers of specialist services to the ad business.</p>



<p>One commentator, @Pesach Lattin, in his sermon suggesting Brian Lessor, of WPP Media should get the top job, even goes so far as to advise his champion to build an ‘adtech business pretending to be a holding company’.</p>



<p>I’m not sure why there’s any need to pretend, but he may have a point. The question is: is that wise? And, what is the ad business?</p>



<p>Here&#8217;s what Dave Morgan, of Simulmedia has to say about the current state of play:</p>



<p><strong><em>“Unfortunately, too much of the ad industry fell in love with the means &#8212; automated, data-driven ad planning, buying and measurement &#8212; as tools for media trading, not as tools for great advertising.”</em></strong></p>



<p>I agree with Dave.</p>



<p>There’s a gulf that’s developed between on the one hand those who write the briefs for those who then craft the ads; and on the other those who create the tools that lead in theory to better briefs and, down the road a measurement of success.</p>



<p>We mistake the tools as a means to an end in themselves, as opposed to a set of, well, tools to do a job. Meantime, we’re at risk of forgetting what the job is.</p>



<p>To return to WPP, to be fair I have never seen a presentation on WPP Media; although I have seen videos and read posts from some involved.</p>



<p>It’s hard not to be impressed. Combining datasets is terrifyingly difficult, and politically next-to impossible. But they’ve done it, or so it appears.</p>



<p>The front-end, AI-driven planning system has similarities in its base thinking to the Carat Sphere tool from the 1990’s combined with a technology several generations along. Sphere was similarly brilliant, but it didn’t last for many reasons, including internal politics, a lack of continuous training of those using as opposed to those building, and absorbing the new tools into day-to-day business. In short, reality got in the way.</p>



<p>And that brings us to the ‘C’ word – clients.</p>



<p>Agencies build services to win and keep clients. Granted I don’t spend as much time with clients as I used to, but I think it still likely that the one thing clients crave above all from their agencies is results, and that what delivers results according to those far clever than me is creativity.</p>



<p>Brilliant tech is of course in a sense creative, but brilliant or not, it’s not an end in itself. You still need ideas.</p>



<p>What I see and read about WPP is the brilliant tech without the creativity. Closing JWT and Y&amp;R and coming close to doing the same at Ogilvy does not send a sign that this is a business that interested in great ads.</p>



<p>Look at the noise around WPP. It’s all about ‘media’, ‘AI’, ‘technology’. Look at who’s speaking up for the organisation, the technocrats.</p>



<p>I don’t see or hear much from WPP creatives. Unless it’s about them leaving to go elsewhere.</p>



<p>Others do it differently, combining media in every sense, including technology and research with creative output. VCCP is one beacon of this approach – they’re not alone.</p>



<p>Clients come in all shapes and sizes, and nobody doubts that huge complex advertisers need huge complex solutions. The old MediaCom had an uncanny ability to handle the huge and the tiny in one shop, and do great work for both often going above and beyond ‘media’ thinking. That’s a trick worth learning.</p>



<p>Great tech is just that. I get that having it in close to great strategies and great creative execution is in theory a good idea, but culturally I’m not convinced it works.</p>



<p>The stresses and strains inherent within any publicly quoted business often conflicts with serving client needs through great advertising.</p>



<p>Has WPP left the building? Quite possibly, but the new building may suit their cause as a publicly quoted business better.</p>
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		<title>This Much We Know</title>
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		<pubDate>Wed, 21 May 2025 15:57:30 +0000</pubDate>
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					<description><![CDATA[It is 2008. At the asi Advertising Effectiveness event, Professor John Philip Jones (ex JWT, at this time at Syracuse University) is presenting early findings on the impact that advertising on the new ‘social media’ (Facebook was in the foothills with somewhere around 100 million users) by his client P&#38;G has on their brands. His [&#8230;]]]></description>
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<p>It is 2008. At the asi Advertising Effectiveness event, Professor John Philip Jones (ex JWT, at this time at Syracuse University) is presenting early findings on the impact that advertising on the new ‘social media’ (Facebook was in the foothills with somewhere around 100 million users) by his client P&amp;G has on their brands.</p>



<span id="more-1870"></span>



<p>His conclusion: advertising designed to build and sustain brands does not work on social media. The SM sell at the time was all about building one-on-one relationships between consumers and brands; as Bob Hoffman was to comment no-one’s terribly interested to chat to a detergent.</p>



<p>It is 2024. Thinkbox, alongside Ebiquity, Essencemediacom, Gain Theory, Mindshare and Wavemaker release Profit Ability 2. 18 of the sharpest minds in media are listed as contributors (this excludes those at Thinkbox).</p>



<p>In their Executive Summary the authors write: ‘short-termism short changes brands’. It seems reasonable to conclude that they see ads on social media as promoting short-termism.</p>



<p>It is 2025. Peter Field, one of our greatest experts in understanding how advertising works, writes an article for ThinkTV in New Zealand: ‘To drive growth we must strengthen the brand’, and (quoting Karen Nelson-Field’s Amplified), ‘the value of an ad that is viewed for 10 seconds is around 8 times greater than one viewed for just 5 seconds’.</p>



<p>A few weeks later, at Media360 Field presents research for Newsworks that calls out ‘the madness of brands moving ad money to social media from newsbrands’.</p>



<p>We seem on fairly secure ground to conclude that TV and other more ‘traditional’ media forms work better in brand building than social media.</p>



<p>Now for the gainsayers.</p>



<p>All the evidence that TV works comes from those funded by the TV companies. Same for newsbrands.</p>



<p>And where does the evidence that (to pick on one at random) Facebook advertising works come from? How much independent validation and verification is there around any data produced by the social media platforms?</p>



<p>Look back a few paragraphs. Thinkbox’s work is co-authored by 18 experts. Are they being held hostage somewhere?</p>



<p>Much of Peter Field’s work is informed by analysis of IPA cases. Can Peter be bought off by sponsors? It seems unlikely.</p>



<p>Moving along the line of gainsayers, if a medium doesn’t work it’s the fault of the creatives’ use of it, all we do is provide the audience.</p>



<p>What audience? Where do social media audience numbers come from? Who validates them? Who examines them? What if they aren’t true? What about the time FB claimed to reach more of a demographic than there are actually people within that demographic?</p>



<p>What about fraud?</p>



<p>What about definitions – half a screen for 2 seconds equals an exposure. Really? What about Amplified’s findings? Shouldn’t we take account of effective, or attentive exposure, not some random 2-second number dreamt up by the social media platforms to suit the fleeting way that most use their channels?</p>



<p>The <a href="https://www.bjanda.com/blog/time-to-get-serious/" data-type="URL" data-id="https://www.bjanda.com/blog/time-to-get-serious/">last Cog Blog</a> listed some of the contradictions in our thinking about advertising, including that adspend doesn’t correlate with what we know works.</p>



<p>The point of this post is to highlight how much we’ve learnt over time and forgotten.</p>



<p>There is a lack of institutional memory in this business.</p>



<p>It is not a matter of everything moving so fast that past learnings are irrelevant. This is about not knowing how to do the job.</p>



<p>Yes, core principles need to be reviewed within the context of today, but whenever that happens the thought occurs that maybe David Ogilvy, Bill Bernbach and Simon Broadbent knew instinctively what they were doing.</p>



<p>Last year’s Profitability 2, like Amplified’s work, and much more, likely won’t reach the parts other studies cannot reach (old taglines need all the help they can get). Yet they should be foundational texts, required reading for everyone.</p>



<p>In 2014 I was a judge of the early stages of the IPA Ad Effectiveness Awards.</p>



<p>The winner in ‘my year’ was Fosters with their beach hut campaign, ‘Good Call’.</p>



<p>The case study of the entry toured. I went to an IPA session for students featuring the agency, Adam and Eve, the brand team, the data, the story. Hugely impressive.</p>



<p>A few months later Fosters junked the campaign.</p>



<p>Four years later they brought it back.</p>



<p>It would be interesting to evaluate the cost of the decision to junk and re-introduce the campaign.</p>



<p>Just last week VCCP’s Will Parrish, with Amplified’s Karen Nelson-Field presented some fascinating research called ‘Hacking the Attention Economy’.</p>



<p>One stand-out conclusion: if you’re skilled enough to have developed a distinctive brand asset (DBA) you don’t need as much attention to maintain it as you would if ‘all’ you had was an average ad.</p>



<p>DBA’s are valuable assets; they save you money.</p>



<p>VCCP are good at this – CompareTheMarket and Meerkats, O2, Cadbury and purple come to mind. And as an agency with an in-house media function they make the point that ignoring DBA’s in planning (much more likely if creative and media work separately from each other) is inefficient.</p>



<p>Smart marketers and their Boardroom colleagues know when they have a winner, they don’t chop and change, and they reap the benefit. </p>



<p>Most of us don’t learn; and it costs us. Not a good call.</p>
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		<title>Time To Get Serious</title>
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		<pubDate>Thu, 15 May 2025 08:42:57 +0000</pubDate>
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					<description><![CDATA[The ad business, and most particularly the media bit of it is balanced. We have chips on both shoulders. We are loathe to lift our eyes from spreadsheets and management edicts the better to see our clients’ needs. Heads down, shoulders slumped. There are good reasons for adopting this ungainly position. For decades we’ve been [&#8230;]]]></description>
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<p>The ad business, and most particularly the media bit of it is balanced. We have chips on both shoulders. We are loathe to lift our eyes from spreadsheets and management edicts the better to see our clients’ needs. Heads down, shoulders slumped.</p>



<p>There are good reasons for adopting this ungainly position.</p>



<p>For decades we’ve been told how unimportant and insignificant we really are. Marketers spend a tiny proportion of their time worrying about advertising; and a small fraction of that tiny proportion on anything to do with media. So runs the stated wisdom.</p>



<p>This is either nonsense – in my long experience most clients worry, a lot – or it should be.</p>



<p>Not being concerned about where multiple millions of dollars are spent would surely be a gross dereliction of duty to any business and its stakeholders.</p>



<p>Agencies are professional advisors; we exist to help clients get the best results for their money, to spend those dollars wisely. Yet how we act isn’t always in line with this.</p>



<p>For example:</p>



<ul><li>There is solid evidence that for those whose primary concern is to build or maintain brands, advertising on television is peerless, delivering the high attention needed to build brand stories.</li><li>And yet brand marketers keep spending huge sums on lower attention, social media channels.</li><li>There is solid evidence that where you advertise matters. Which is why every agency worth the name hires skilled strategists, comms planners, analysts etc.</li><li>And yet some agencies buy media as principals, seemingly regardless of whether what they’re buying delivers the carefully built plan.</li><li>The online ad industry has spawned a criminal enterprise under the generic title of ad fraud.</li><li>And yet we keep pretending we are cutting out fraud – even if it mysteriously keeps growing. It’s almost as if we don’t really want to look too closely.</li><li>Advertising can play a huge role in driving brand growth – and there are volumes of data and case studies to prove it. Clients want growing, successful brands that build and improve their margins.</li><li>And yet we spend our time being judged not on the growth we deliver but on the cheapness of what we’ve bought.</li><li>Advertisers hire procurement professionals whose job is to procure what’s best for the business at the lowest available price. They hire consultants whose job is to assess the value the agency brings to the business.</li><li>And yet we blame these people for not judging us against the ‘right’ criteria. Without telling them consistently, and comprehensively how they should be measuring us, and on what basis they should value us.</li><li>This business is full of bright, creative people. People wired to think differently, persuasively. People who can convince Cadbury that the best way to sell chocolate is to stick a guy in a gorilla suit behind a set of drums without once mentioning the words ‘chocolate’ or ‘Cadbury’.&nbsp; (Other great examples are available).</li><li>And yet we give credence to those who apparently want to destroy any semblance of craft in advertising. Listen to Mark Zuckerberg on how he intends to do away with the need for any form of ad agency. Or the owner of X threatening to sue advertisers for not using his platform.</li><li>How do we react? We take their money sponsoring our conferences and put them on the biggest stages to be interviewed (ever so gently) by our top leaders.</li><li>We have spent decades building up thoughtful measurement systems through collaboration and compromise.</li><li>And yet we are prepared to believe what suits the largest vendors without question and without any hint of criticism. Indeed, we build what suits them into our thinking, with scant regard as to whether it fits with what we know.</li></ul>



<p>We are in a crisis in large part of our own making.</p>



<p>This crisis is what prompted Nick Manning and me to start Advertising: Who Cares? just over a year ago.</p>



<p>We see the industry as a whole in a hole. Not one hole that could easily be fixed but a whole warren of interconnected holes.</p>



<p>The problem with warrens is that they weaken what’s above them. They may be nice and warm and safe until the structures above them crash through.</p>



<p>This has nothing to do with harking back to some golden age or wishing for a long-gone era.</p>



<p>It has all to do with an existential threat.</p>



<p>If we continue to fail to convince our clients that what we do is worth paying for, if we spend disproportionately in channels that don’t work, and if we encourage those whose criteria for success are self-defined and out of reach of any validation, we deserve what’s coming.</p>



<p>We should challenge more, starting by talking about these issues. We need to do a far better job bringing all the evidence, dispassionately and objectively to the attention of advertisers, their marketing teams, their CFOs and their Boards.</p>



<p>This is what Advertising: Who Cares? is trying to encourage, and it seems to be happening, slowly.</p>



<p>By attending our summit and putting your point-of-view on October 16<sup>th</sup> in London you can help us all do our bit to make things better.</p>



<p>Seriously.</p>
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		<pubDate>Thu, 24 Apr 2025 12:07:00 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1865</guid>

					<description><![CDATA[George Bernard Shaw famously commented that “England and America are two countries separated by a common language”. For as long as I can remember the UK and US advertising industries have run on parallel but distinctly different paths. The UK industry has always considered itself strong at strategic thinking, at basing creative ideas and media [&#8230;]]]></description>
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<p>George Bernard Shaw famously commented that “England and America are two countries separated by a common language”.</p>



<p>For as long as I can remember the UK and US advertising industries have run on parallel but distinctly different paths.</p>



<span id="more-1865"></span>



<p>The UK industry has always considered itself strong at strategic thinking, at basing creative ideas and media placements on what influences how consumers think, and at measurement that goes beyond headcounts.</p>



<p>The US has always been great at selling; there is none of the snobbery apparent in the UK about being a salesman, no suggestion that marketing is somehow a more thoughtful pursuit than getting out there and selling stuff.</p>



<p>We all want to sell stuff; one approach does so by defining who’s likely to buy and then by understanding what makes them buy. The other does so by assuming that the louder you shout to the maximum number of people the more you’re likely to sell.</p>



<p>One assumes that advertising works best when all variables, like creative message, context, timing, audience align and goes to great lengths to understand what is required to shorten the odds in your favour. The other assumes advertising will work as long as it is seen often enough by as many people as possible.</p>



<p>There’s no right and wrong in this. Different strokes for different folks. And there were ‘different folks’; when global media meant doing deals in multiple editions of ‘The Readers Digest’ the industry celebrated national differences.</p>



<p>Now we have global platforms, offering global solutions. Virtually all are US-based and so solutions naturally emerge from seeing the world through a US-lens.</p>



<p>Differences emerge when we start to deconstruct what is meant by ‘seen’, ‘often enough’ and ‘people’.</p>



<p>The likes of Google and Meta realised early and have exploited brilliantly the reality that he who controls measurement controls revenue.</p>



<p>If you own the platform why would you agree to let anyone from outside your organisation have any control over the measurement levers?</p>



<p>Who needs collaboration when you can have solus control?</p>



<p>But something is going wrong. There is a mass of evidence that advertising on vehicles apparently delivering the biggest audience numbers don’t work as well as ads on those with smaller audiences but more impactful environments.</p>



<p>Maybe people don’t like being bombarded with messages that interrupt, and which are all too often entirely irrelevant.</p>



<p>If the volume audience game doesn’t deliver results, then how long before advertisers start to question its veracity? There is anecdotal evidence that such a thing may be starting to happen.</p>



<p>Meantime, an interesting exercise is to explain to anyone outside our bubble that an ad is said to have been seen if half of it appears on a screen for 2-seconds. Once the laughter dies down you can explain that yes, the world’s biggest consumer goods organisations really do spend billions of dollars on that basis.</p>



<p>Recently I had a client explain to me, very patiently that ‘yes Facebook advertising works for us; we know because Facebook tell us.’ That may not wash for long if sales revenues say something different.</p>



<p>It also must be hard to explain internally that yes, ad fraud now accounts for (let’s be conservative) tens of billions of dollars a year and that no it seems our buyers, amongst the biggest anywhere are doing so little to stop it that this estimated figure appears to increase every year.</p>



<p>Why would a procurement specialist not be concerned at the huge sums being spent advertising to bots? After all, bots don’t buy anything.</p>



<p>To return to the theme, we have got so used to bigger audience numbers equalling better outcomes that we are unprepared to consider any advance that just might result in smaller gross numbers.</p>



<p>Even if smaller numbers are closer to the truth.</p>



<p>Even if smaller numbers are demonstrably connected to better returns for the advertiser.</p>



<p>We need to snap out of this obsession, and quickly.</p>
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		<title>What Business Are You In?</title>
		<link>https://www.bjanda.com/blog/what-business-are-you-in/</link>
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		<pubDate>Thu, 13 Mar 2025 14:31:03 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1862</guid>

					<description><![CDATA[Given recent events in the US, a debate on ‘what is the ad business for’ is overdue. Is it about creating messages and experiences (including ads), designed specifically to help drive clients’ businesses and placed in environments that will help achieve that aim? Or is it about producing ads quickly, and cheaply, to be placed [&#8230;]]]></description>
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<p>Given recent events in the US, a debate on ‘what is the ad business for’ is overdue. Is it about creating messages and experiences (including ads), designed specifically to help drive clients’ businesses and placed in environments that will help achieve that aim? Or is it about producing ads quickly, and cheaply, to be placed automatically, using spurious metrics, regardless of client needs?</p>



<span id="more-1862"></span>



<p>Do we see an industry within which ads, in all channels revert to a norm, and creativity, including in media choice makes no difference?</p>



<p>Or are we going to stand up for individuality and creativity?</p>



<p>The former is shortsighted, based on an ironic obsession with short-term margins over long-term prosperity. Yet it does seem to be the policy of many of the largest holdcos – the very people who should be our flagbearers.</p>



<p>The trouble is this is a short road to nowhere, as a glance down memory lane shows.</p>



<p>Jeremy Bullmore was right. ‘People build brands as birds build nests, from scraps and straws we chance upon’.</p>



<p>Scraps and straws come in all shapes and sizes. A purpose-built nest with them is likely to last longer than one without them.</p>



<p>But who needs a nest that lasts? Let’s just build a production line churning out identikit, cheaper nests and move on.</p>



<p>As they put their portfolios together a few decades ago, the holdcos saw ‘media buying’ as an arcane specialism ignored and not understood by most clients, full of numbers, and attractive to those believing everything could, and should be quantified.</p>



<p>Far easier to deal with hard metrics, however spurious, than trying to put numbers on feelings, emotions, creativity.</p>



<p>Today the talk is of these holdcos reinventing themselves for the AI age, as media and / or data businesses. Including reselling technology and media to clients, who, once upon a time, hired them to act objectively and in their best interests. Clients who now find themselves unable to question via audit or compliance everything they’re being sold.</p>



<p>The industry faces an existential threat if it goes down the path decreed by the biggest. The holdcos range of sellable expertise is shrinking and has a fast-approaching sell-by date.</p>



<p>Smaller, nimbler players are outdoing them creatively, comms planning specialists are thriving by selling objectivity across all channels, independent media agencies are winning by offering objectivity in planning delivered through transparent buying.</p>



<p>It must be depressing to sit in a holdco agency, doing amazing work on how media channels work only to hear your CEO commit your agencies to spending on social media channels you have just spent months demonstrating aren’t optimal. Whatever happened to client needs?</p>



<p>Furthermore, the competitive set is expanding. Clients are doing more in-house; the largest vendors are offering creative, production and analytic services and are increasingly disintermediating even the largest agencies.</p>



<p>It’s hard to see what the giant vendors get from collaborating with the holdcos beyond the medium term.</p>



<p>For now it seems that many see their best hope as industrialised ad production and media buying for the incurious and the unwary (there’s a lot of them). Buys increasingly untouched by human hand, executed by machine. Buys offered up by the agency acting as principal. Some would argue that’s unethical; ethical or not it’s not a long-term strategy for success.</p>



<p>In 1891 a group of advertisers met to discuss the burgeoning business of advertising. They set out certain principles: <strong>‘The advertising agents were unfriendly, if not definitely hostile … many of them, including some of the biggest held the sole agency for the sale of advertising space in one or more well-known publications and since … they depended on the commissions they earned on the space they bought or sold they, naturally, sided with those who paid them. The advertiser, like any other buyer … had the right to know how many copies were sold of the newspapers and magazines in which they advertised. Facts and figures were what they wanted, not the fables and fantasies to which they were accustomed.’ (Source: ISBA)</strong></p>



<p>The result of this meeting was the advertisers getting together to form ISBA; and advertising agencies as they were then evolving their creative and thinking capabilities.</p>



<p>Today, the ad business is fragmenting. We have creative agencies who are stretching what ‘advertising’ means.</p>



<p>We have the adtech and platforms who are in the data business.</p>



<p>And we have many of the largest holdcos, increasingly funded by vendors whilst paying lip-service to their clients; clients who, don’t let’s forget pay for everything.</p>



<p>They’re the ninety-oners, recreating a model that failed 134 years ago. And then again in France 32 years ago. In both cases the agencies focused on themselves, and the short-term, not their clients’ real business issues, or on building long-term partnerships.</p>



<p>The ad business exists to serve clients; to offer the best, objective advice; to make brands famous; to balance the long-term with the short-term; to advance thinking by understanding what works; to engage with and delight consumers with interesting, relevant work; to fund quality media channels; to provide employment with enjoyment to brilliant people.</p>



<p>Advertising remains a powerful weapon in building brands and businesses; it seems advertisers increasingly don’t need the current large agencies to do it for them.</p>



<p>Whatever business the ninety-oners are in, it’s not the ad business.</p>
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		<title>Time for a Reset</title>
		<link>https://www.bjanda.com/blog/time-for-a-reset/</link>
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		<pubDate>Fri, 21 Feb 2025 09:20:37 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1856</guid>

					<description><![CDATA[The ad industry has always been framed by different factions shouting ever louder – from the pages of the trades and conference platforms. No change there then – from the days of arguments around commission versus fees, to the ‘no longer a need for account people’ and the merits and demerits of social media this [&#8230;]]]></description>
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<p>The ad industry has always been framed by different factions shouting ever louder – from the pages of the trades and conference platforms. No change there then – from the days of arguments around commission versus fees, to the ‘no longer a need for account people’ and the merits and demerits of social media this has always been a business fuelled by strong, imaginative opinions.</p>



<span id="more-1856"></span>



<p>But where we are now feels different, certainly as far as the media agencies are concerned. Putting individual companies aside, and making the case as objectively and dispassionately as possible:</p>



<ul><li>The largest media agencies have long promoted their strategic and planning capabilities – with good reason. By so doing they have sought to position themselves as competing in the same high-margin space as the management consultancies. This ambition seems no more.</li><li>At the same time, they’ve become in effect sales agents for the large platforms and the adtech businesses – being paid by them under all sorts of labels (including consultancy, training and in one case apparently selling space for promotional posters on the agency’s office walls).</li><li>And they&#8217;ve developed their high-margin, low risk principal-based buying practices – seen it seems by some of their CEOs as central to the case for a giant merger.</li></ul>



<p>These are incompatible aims.</p>



<p>The first one relies on an investment in time and resource, the growing and nurturing of a group of skilled practitioners who are aware of and absorb the latest research and thinking around how media works and as such are of potentially great value to clients’ businesses. It relies on objectivity.</p>



<p>The second and third rely on putting the agency’s interests first, whilst seeking to convince clients otherwise, using the argument that what matters is buying the most basic set of media metrics at the cheapest rate, regardless of any other evidence. This ‘once in a lifetime’ offer is available only if the client foregoes any right to audit or third-party investigation.</p>



<p>In trying to square a circle the largest agencies have managed to lose the trust of their clients; cause embarrassment amongst some of their most skilful strategic thinkers; and I would argue bring the ad business into disrepute.</p>



<p>There is an irony in this obsession with short-term financials (which is what drives this – without their media arms the holdcos are deep in the mire) given all the evidence produced by many of the very same organisations on the value of long-term brand building.</p>



<p>It&#8217;s time to take a breath and reset.</p>



<p>When media agencies first emerged from the old full-service model, they were buyers. That’s what they did; that’s what they were called (still are by many clients).</p>



<p>Planning and strategy stayed within the creative agencies.</p>



<p>It was essential to ensure that what was planned was bought. It made no sense to separate the planning from execution and sure enough it changed.</p>



<p>But what if the plans and the buys aren’t linked? What if the agency plans one thing, to suit its clients needs and then buys something else to meet its own commitments?</p>



<p>That is what happens now in far too many cases. It was at the heart of the case made by Jon Mandel to the ANA in 2016; it’s still the case.</p>



<p>It was the basic principle that fuelled the Japanese media industry for years. The biggest agencies acted as both buyer and seller; plans were more a post-rationalisation, measurement atrophied, based on gross impressions.</p>



<p>Sound in any way familiar?</p>



<p>Then Nielsen introduced people meter audience data into the Japanese market, bringing target audience ratings (TARPs) to a market previously limited to gross ratings (GRPs).</p>



<p>Suddenly plans based on target audiences became a thing. A planning agency, called Strategic Planners International, or SPI emerged.</p>



<p>SPI started using the targeted data to audit actual delivery against plans.</p>



<p>In due course SPI started doing the planning themselves for clients, with the buying remaining with the giants. SPI audited the buys made against their plans.</p>



<p>We’ve come a long way from TARPs and GRPs but if plans and buys aren’t linked, why do they need to be done in the same house?</p>



<p>A specialist comms planning agency could be hired by a client for the quality of its thinking and expertise. The planning agency doesn’t buy but it could be made responsible for its plans being executed. The client relationship is with the planning team; the buying team is accountable to the planners who are held to account by the client.</p>



<p>Like most models this will appeal to some clients more than others. For some a relationship with a media agency that plans and then buys what it plans, openly and transparently would make more sense.</p>



<p>Also like most models this needs scrutiny, detail and constructive criticism. Perhaps this post can start that discussion.</p>



<p>When something isn’t working, we shouldn’t be afraid to break things apart before putting them back together.</p>



<p>As to SPI, the business was bought by Aegis (way before Aegis itself sold to Dentsu), merged, then demerged, was subject to a management buy-out and most recently has been sold again (in 2023) – to Deloittes.</p>



<p>It&#8217;s Founder, Kim Walker created and now Chairs Aprais, a business that &#8216;works to build stronger business relationships&#8217;.</p>
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		<title>How To Avoid being Pathetick</title>
		<link>https://www.bjanda.com/blog/how-to-avoid-being-pathetick/</link>
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		<pubDate>Mon, 27 Jan 2025 08:37:45 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1852</guid>

					<description><![CDATA[Taken from ‘The Attention Economy: A Category Blueprint’ by Dr Karen Nelson-Field. What follows is based on my 1½ page contribution to an excellent 371 page book If a week is a long time in politics, and a day is an age in the wacky world of online media, I’m not sure what 266 years [&#8230;]]]></description>
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<p><strong><em>Taken from ‘The Attention Economy: A Category Blueprint’ by Dr Karen Nelson-Field. What follows is based on my 1½ page contribution to an excellent 371 page book</em></strong></p>



<p>If a week is a long time in politics, and a day is an age in the wacky world of online media, I’m not sure what 266 years and a week is. On the 20<sup>th</sup> January 1759 Dr Samuel Johnson published an article in the 40<sup>th</sup> Edition of The Idler (insert your own joke here as to the modern equivalent of The Idler; maybe it’s the WPP Work-from-Home Manual). In it he said:</p>



<p><strong>&#8220;Whatever is common is despised. Advertisements are now so numerous that they are very negligently perused, and it is therefore become necessary to gain attention by magnificence of promises, and by eloquence sometimes sublime and sometimes pathetick.&#8221;&nbsp;</strong></p>



<span id="more-1852"></span>



<p>We have always known that some ads work better than others, and that for ads to work at all there has to be not only an opportunity for them to be seen, but for them actually to be noticed.</p>



<p>Even I do not personally remember Dr Johnson, but I do remember a study done by the agency I was working at in the 1980’s, Leo Burnett, whose legendary Media and Research Director, Dr Simon Broadbent took himself off to individuals’ homes and spent a few evenings sitting in their living rooms watching family members watching television.</p>



<p>Even back then, in a simpler time, before the invention and emergence of online media forms, it was obvious that different TV shows attracted different levels of attention, so did different editorial contexts in print media. But the obsession with opportunities to see, the biggest possible gross numbers and the lowest cost-per-thousands meant that Simon felt it necessary to put a more considered, nuanced view to our clients.</p>



<p>No creative sets out to bore the audience into ignoring his or her work, whilst in media the best of us have tried to plan with attention levels in mind ever since we first learned what an audience was.</p>



<p>Media vendors conducted studies – into how TV attention levels fluctuate between programmes and within ad breaks within programmes; into how ads on inside covers are noticed more than those appearing on pages within the magazine. But these were about justifying higher prices for premium positions, as opposed to any genuine wish to understand consumer behaviour, and to use that understanding to feed into the content the agency created.</p>



<p>Unfortunately, the complexities of the media market, where a video on one channel is simply not viewed in the same way as a video on another – despite them both being ‘videos’ – has coincided with a deepening of the division between media and creative practitioners.</p>



<p>This in turn has led to a desire for over-simplification, for an obsession with lowest common-denominator numbers even when even such basic data is subject to misuse, misunderstanding and mis-definition.</p>



<p>We need to take a breath and remind ourselves what exactly it is we’re trying to do.</p>



<p>We are trying to place a piece of commercial communication in front of the right people in such a manner as to increase the chances of it being noticed.</p>



<p>Every commercial communication is different, every channel is different, every audience is different.</p>



<p>An individual watching TikTok watches content on it differently from the way he or she watches YouTube, Netflix or broadcast TV.</p>



<p>And that individual’s behaviour is different from his neighbour’s.</p>



<p>We’re playing three-dimensional chess, with audience, channel and creative variables and with each and every combination producing different outcomes.</p>



<p>Fortunately, these days we don’t have to rely on an ad legend sitting in peoples’ homes. We have access to massive amounts of data and decades of expertise. Simon would have loved it.</p>



<p>There are though no easy answers. There are patterns and similarities but there are also exceptions, which is where competitive advantage lies.</p>



<p>Headline averages can only take you so far; they’re a guide, a benchmark to aim to beat.</p>



<p>Better to treat every campaign plan as unique, to consider all channels as different, and plan how and where you first create and then deploy your communication assets accordingly.</p>



<p>Your advertising will improve, and it will be noticed.</p>



<p>It will trend towards ‘the sublime’ and away from ‘the pathetick’.</p>
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		<title>What&#8217;s in a Name?</title>
		<link>https://www.bjanda.com/blog/whats-in-a-name-2/</link>
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		<pubDate>Thu, 16 Jan 2025 16:45:13 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1846</guid>

					<description><![CDATA[Leo Burnett is no more, the agency now part of Publicis Groupe is being merged with Publicis Worldwide to form Leo. So what? On the one hand, a rebrand shouldn’t surprise anyone. Brands, even companies come and go, they’re acquired, they merge, they change shape. Life goes on, companies and brands don’t exist in a [&#8230;]]]></description>
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<p>Leo Burnett is no more, the agency now part of Publicis Groupe is being merged with Publicis Worldwide to form Leo.</p>



<p>So what?</p>



<span id="more-1846"></span>



<p>On the one hand, a rebrand shouldn’t surprise anyone. Brands, even companies come and go, they’re acquired, they merge, they change shape. Life goes on, companies and brands don’t exist in a vacuum, inured from the elements around them.</p>



<p>On the other hand, the disappearance of an agency brand reminds the ad world that nothing lasts for ever. We have moved from risk-takers to moneymakers; from craftsmen to machine operators; and, yes, from madmen to mathmen.</p>



<p>This does not always end well.</p>



<p>J Walter Thompson, David Ogilvy, Bill Bernbach, Raymond Rubicam, Leo Burnett were all proud of their work, they literally put their name on it.</p>



<p>We still have John Bartle, John Hegarty, Maurice and Charles Saatchi, Charles Vallance. But the number of people prepared to put their name above the door is increasingly small. Maybe it’s just not fashionable; maybe it’s a matter of anonymising responsibility.</p>



<p>I worked for Leo Burnett, the agency, not the man (he had long gone by then) for 14 years. It was a great place to work; I am forever in the debt of Mike Yershon who hired me and the late Simon Broadbent who took me under his wing.</p>



<p>Burnett was an agency with a strong sense of itself. Every office throughout the world had a bowl of apples on the reception desk – a throwback to a remark in one of the Chicago papers when Mr Burnett founded his agency in the 1930’s and offered an apple to any prospective client who visited. ‘Mr Burnett will soon be selling his apples on a street corner’ read the piece.</p>



<p>I don’t know if the agency still does that – I suspect the apples have long gone the way of a procurement driven cost-saving programme, but I would be delighted to be proved wrong.</p>



<p>New recruits were given a book of Leo-isms to read and a video of the man himself.</p>



<p>Certainly, you could accuse some of forever looking over their shoulder at Leo, but this was an agency with a heritage built around a set of principles to which it stuck like glue. It knew what it was.</p>



<p>Principles live on. They survive different ages, different circumstances</p>



<p>It’s unusual to have the chance to listen to the guy who set the agency’s principles enunciate the agency’s principles. That’s what Leo Burnett did in a 1967 speech entitled: ‘When to take my name off the door’.</p>



<p>It’s here: https://m.youtube.com/watch?v=htAMJSX8S54</p>



<p>Less than 10 minutes long, a bit shaky but a rare opportunity to listen to a legendary ad man.</p>



<p>More than that, a chance to recall Bill Bernbach’s words: “A principle is not a principle until it costs you money”.</p>



<p>Mr Burnett’s agency has long gone. Now his name is off the door too.</p>
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		<title>The Americanisation of Media</title>
		<link>https://www.bjanda.com/blog/the-americanisation-of-media/</link>
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		<pubDate>Thu, 09 Jan 2025 12:26:25 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1844</guid>

					<description><![CDATA[In my office hangs a six-word, framed message. It was given to me in 1990 at a Leo Burnett company strategy meeting at which I had spoken about the threat to the traditional advertising ecosystem posed by what were then known as media independents. The message was written by the agency’s creative leadership, after Ogden [&#8230;]]]></description>
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<p>In my office hangs a six-word, framed message. It was given to me in 1990 at a Leo Burnett company strategy meeting at which I had spoken about the threat to the traditional advertising ecosystem posed by what were then known as media independents. The message was written by the agency’s creative leadership, after Ogden Nash. In its entirety it reads:</p>



<p>“Don’t worry media. We need ya.”</p>



<span id="more-1844"></span>



<p>The history of media agencies began with an arrogant lack of interest in the media process by those leading full-service agencies, mainly account handlers who considered (with some justification) that their clients couldn’t care less about the boring detail on how their media money was spent.</p>



<p>Today we have an industry unrecognisable from those days, shaped in large part by technology and the social media platforms constructed with it.</p>



<p>There is another rarely commented-on change from back then.</p>



<p>In the last century the UK punched above its weight when it came to advertising thought leadership and creative excellence. Account planning started here, promoting advertising effectiveness started here, collaborative audience measurement via the JIC system started here.</p>



<p>The discipline of media planning may not have started in the UK (depends on what you mean by the term) but it was certainly further advanced here than in most other major advertising economies.</p>



<p>The way we have ‘done’ media in the UK has changed from being all about the buys (the original media agencies were and, in many cases, still are referred to as media buying agencies) to add strategic thinking, communications planning, effectiveness measurement and so on. Certainly, we can argue whether all of these are well-done, or whether recent buying initiatives have denuded planning but there’s no doubting the innovation, the progression, the desire to understand more and to do better.</p>



<p>But now we, like everyone else are bit-part players in an industry shaped by the US platforms. How come?</p>



<p>In the US, by observation (full disclosure: my time spent actually working full-time in the USA was limited and a long time ago) media has been about the buys. The numbers. The bigger the better, the cheaper the better.</p>



<p>It’s the land of the gross impressions. Any light and shade is tolerated only if the gross numbers are unaffected, or if they go up.</p>



<p>Anecdotes are dangerous but in 1993 it was common practice in the largest media department in the US to add TV GRP’s to print and radio GRPs, unweighted, to arrive at a huge gross number. When this was questioned the answer was: ‘that’s how the client likes it. The bigger the better’.</p>



<p>Rarely has a lack of interest and understanding had such disastrous unintended consequences.</p>



<p>It’s worth remembering that the US is the only major ad market still trading on programme ratings as opposed to audience numbers based on those exposed to commercials. After all, audience numbers may fall during breaks.</p>



<p>I know I’m generalising and exaggerating, that there are attention measurers doing good work in the US, that there is a move towards what’s referred to (erroneously) as ‘alternative currencies’ and that the nature of media quality is being discussed a great deal more than it used to, but it’s all a bit ‘on the fringes’.</p>



<p>The focus on the biggest numbers plays perfectly into the hands of the social media platforms.</p>



<p>Their enormous success means they make the media weather. For all of us, globally. They not only rule on what we see, but they also decide what’s measured, what data is released, what constitutes an impression, what can be said to have worked. They set the rules, globally.</p>



<p>They have played the audience measurement community – who in any sane world really thinks that a 2 second exposure constitutes a meaningful view? Yet we accept their definitions of ‘impressions’ and ‘reach’.</p>



<p>The media agencies, once objective representatives of their clients’ best interests, as well as being in their own right important thought leaders and drivers of progress are now in thrall to the platforms. If they or their clients don’t like what appears, what’s hidden, even what constitutes ‘truth’, tough.</p>



<p>Never mind the quality; the platforms deliver huge numbers, who cares whether they’re accurate, or if the audience is human, let alone noticing anything on screen. Who cares if the ads that appear attract attention, or if they work?</p>



<p>The numbers are big, the CPMs are cheap. Validation and verification is for geeks; and no-one listens to geeks.</p>



<p>Until they do.</p>



<p>What we’re seeing is the inevitable consequence of how the US media industry has always worked. Planning, in the strategic sense as opposed to any post-rationalisation is and always has been rare to non-existent. Total comms planning is to a large extent unheard of. &nbsp;</p>



<p>But as happens we may be about to witness the consequences of over-reach.</p>



<p>Meta’s decision to do away with fact-checkers has not gone down well – at least outside the US. Musk’s behaviours towards and views on advertisers, let alone his political interferences have not gone un-noticed.</p>



<p>Meta and X need audiences, and they need advertisers. X is and always has been an unimportant ad vehicle for many; Meta is certainly important.</p>



<p>Zuckerberg and Musk assume ‘the audience’ will always be there and will grow. That it’s an amorphous mass that couldn’t care less about fact-checking and bile. This may be partly, even majority true but it is not 100% the case. Making up ‘audiences’ is not a long-term strategy.</p>



<p>Plus &#8211; advertisers with an eye on brand reputation can be fickle. Remember when we used to hear: ‘We must be on Facebook, everyone is, it’s the place to be and to be seen’?</p>



<p>That sentiment can change – very quickly.</p>



<p>Advertisers, we need ya.</p>
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		<title>Principal versus Principle</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Nov 2024 11:03:07 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1841</guid>

					<description><![CDATA[Back in the day when newspapers were newspapers a good media quiz question was: Who has the most upscale male readers? ‘The Financial Times’ or ‘The Sun’? The answer was ‘The Sun’. And yet ‘The FT’ continued to attract the same advertisers as always, at a hefty CPM premium over ‘The Sun’. Any media man [&#8230;]]]></description>
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<p>Back in the day when newspapers were newspapers a good media quiz question was: Who has the most upscale male readers? ‘The Financial Times’ or ‘The Sun’?</p>



<span id="more-1841"></span>



<p>The answer was ‘The Sun’.</p>



<p>And yet ‘The FT’ continued to attract the same advertisers as always, at a hefty CPM premium over ‘The Sun’.</p>



<p>Any media man worth his or her salt would have no problem explaining this. Context, editorial suitability, time spent with the publication and thus quite possibly the ad too are all sensible reasons.</p>



<p>Somehow the planners of the day managed to work this out and sell the concept of quality to their clients without the plethora of data and research available today.</p>



<p>It’s instructive to translate this example into the present, move the market from the UK to the USA, and change the participants from media planners to online adtech professionals, platform sales people or investors in media properties.</p>



<p>Bigger audience? Cheaper CPM? ‘The Sun’ would win every time.</p>



<p>This simple example is at the heart of my issue with so much poor media thinking today, when plans are subservient to the buys, where quality is a concept that seems to exist only on conference stages and in trade articles, and where those making the buys are the servants of data and technologies they rarely understand.</p>



<p>A world within which seeking the truth about how audiences behave comes a poor second to commercial considerations. Why else is the US the only major media market that trades on the audiences to TV shows, not commercial breaks?</p>



<p>Could it be because there’s an assumption that audiences go down in breaks? And if that is the case, shouldn’t the measurement and the currency reflect that?</p>



<p>It’s also why I dislike the notion of Principal Based Media, the practice promoted by every major holding company in analyst calls and in pitches (and yet, rather remarkably not exactly featured on their websites, in trade press interviews or from conference platforms).</p>



<p>PBM (another good old three-letter acronym) has been around for decades. It may be more sophisticated (read, convoluted) now but even in comparatively modern times (let’s not count the buying of newsprint-rationed press space in pubs before retrofitting clients to the space acquired), it was the model behind the enormous success of the original French Carat business. Back then the established agencies (now the holding companies) sneered at what they called The French Disease.</p>



<p>It took the French agency establishment (companies like Publicis, ironically) to scupper the Carat model via an amendment to a law designed to do something completely different and introduced by the then Government. Loi Sapin decimated Carat profits.</p>



<p>Today’s variation on the same theme boosts rather than decimates the profits of the largest agencies, at a time when non-media disciplines within the holdco organisations have lost their way and their margins.</p>



<p>I can see the attraction of PBM to advertisers for whom gross numbers deliver the best results, but these are very largely not the advertisers with the brands coveted by / served by the largest agencies.</p>



<p>These advertisers spend time trying to understand what works for them, and why. And for them, planning, quality and context count.</p>



<p>Buying cheap media and selling it on at an undisclosed margin takes the industry back decades. It leads to mistrust, and to a relationship based not on objective quality advice but on what’s best for the agency.</p>



<p>After all, if you have a garage-full of cheap tat to sell you’re going to do all you can to sell it, including (as Carat did) conducting cod research into why the tat is exactly what the client needs.</p>



<p>All of this dents trust. It forgets that agencies are there to serve all their clients by offering them (all of them) the best advice to meet their particular circumstances.</p>



<p>The ‘best advice’ also covers the most appropriate technology for the client’s needs. Who’s to say that ‘A’ does a better job than ‘B’ when there’s a chance that ‘A’ is being proposed because of some agency or holdco-wide deal.</p>



<p>It also plays perfectly into the disintermediation game played so well, for so long by the platforms. Why listen to biased advice from your agency when you can get equally biased, but at least transparently biased advice from me? And not pay for it.</p>



<p>What are agencies for if not to offer expert, objective advice to all their clients?</p>



<p>No wonder more and more advertisers are doing it for themselves. Most of them would back themselves to tell the difference between ‘The Financial Times’ and ‘The Sun’.</p>
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		<title>Advertising: Who Cares? Onwards.</title>
		<link>https://www.bjanda.com/blog/advertising-who-cares-onwards/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 04 Nov 2024 14:11:39 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1838</guid>

					<description><![CDATA[In April, Nick Manning and I started a grassroots movement called ‘Advertising: Who Cares?’ (AWC) because of a number of serious, even existential, threats to not only the craft but ultimately the business of advertising. We feel that the obsession with short-term metrics, the lack of transparency in media trading, the lack of trust between [&#8230;]]]></description>
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<p>In April, Nick Manning and I started a grassroots movement called ‘Advertising: Who Cares?’ (AWC) because of a number of serious, even existential, threats to not only the craft but ultimately the business of advertising.</p>



<span id="more-1838"></span>



<p>We feel that the obsession with short-term metrics, the lack of transparency in media trading, the lack of trust between advertiser and agency and the tremendous power wielded by the online platforms all contribute to a state of affairs that delivers ads that few like, and that often don’t work.</p>



<p>We bombard our audiences and don’t respect their privacy, time and attention. We serve up irrelevant, intrusive ads in profuse numbers.</p>



<p>Huge value is lost every day to ads that no one sees or hears and to pure fraud. A lot of money, time and effort is wasted on advertising that is simply invisible, or criminal.</p>



<p>Measurement is a muddle. Audience measurement, once non-controversial and based on gold-standard methodologies now uses the same words to mean different things. Effectiveness measures regularly conflate long-term brand-building with the short-term and immediate.</p>



<p>One consequence of all of this is that advertising has become a less attractive industry to work in, and to join.</p>



<p>Another consequence is that in obsessing over audience numbers we’ve set aside the connection between advertising investment and original, creative and effective paid-for media communications.</p>



<p>This connection serves a dual function. It helps fund a healthy, quality media eco-system that serves the public well. It also provides larger, more diverse audiences across a multiplicity of vehicles.</p>



<p>Currently, those media providing the highest quality content are losing ad revenue to platforms who create no content at all and where the ad environment is inferior.</p>



<p>Addressing this would direct money to well-resourced news reporting, where objectivity and truth are vital. It stops adspend funding mis- and dis-information.</p>



<p>We believe that advertising and the industry as a whole has a responsibility to add to people’s general well-being. It is not just there to provide advertisers with a competitive advantage.</p>



<p>In September we put on an event for those who care. It sold out, was well-received and has led to a lot of commentary, as well as podcast and conference appearances where the natural question was: ‘Now what?’</p>



<p>‘Now what?’ indeed. We’ve listened to all the comments, the positive and the (few) negative; we’ve consulted with our supporter base; we’ve spoken with the key contributors to the September event and we’re now ready to reveal the next stage in the Who Cares? journey.</p>



<p>One key lesson from the September event is that everything is connected. The cogs in the machine all work together.</p>



<p>From a set of outdated business models flows poor remuneration for agencies. From poor agency remuneration, agencies seek non-transparent revenue streams from suppliers including broadcasters/publishers. Revenues from suppliers lead to a lack of objectivity. A lack of objectivity leads to a lack of trust. A lack of trust inhibits anything daring or new and encourages the dull and the safe. Dull advertising is not attractive to consumers (if they even notice it). Media strategies based on an unthinking maximising of impressions means we bombard consumers with these unattractive messages. This is unpopular and leads to a diminution in the trust consumers feel for ads. Meantime, adspend flows to those media vehicles who rely on user-generated content, with a poor ad environment and, at the extreme, content which inflames societal turmoil.</p>



<p>Add it all up and you have campaigns that don’t work and are not worth paying for. Which leads us back to the business model issue.</p>



<p>This starts within advertisers themselves, and senior management who are often incentivised for share price growth rather than true business gains. If cuts are necessary to move the share price, advertisers inevitably seek unrealistic economies from their service providers.</p>



<p>Of course there are exceptions to this bleak picture, as awards ceremonies and effectiveness studies show, but the great examples we all applaud within the industry are the tip of the iceberg when it comes to what the public is subjected to, day-in, day-out.</p>



<p>We need to recognise, and then break this circle of ineffectiveness and inefficiency.</p>



<p>This has to start with the business models that have led us here. This includes the buy-side models of advertiser and agency behaviour and the sell-side models that dictate media vendor and adtech ways of working.</p>



<p>We have to be radically honest about how our industry really works if we are to start reconstructing it to be better. We have to redefine advertising’s role in today’s (and tomorrow’s) world.</p>



<p>We believe that advertising can play a significant role in shaping the future when it is responsible, intelligently designed, executed and is welcomed by its audiences.</p>



<p>We need to champion the principles of good, effective advertising that people value. We need to promote the great thinking and execution that leads to better advertising and a better industry for people today and tomorrow.</p>



<p>These principles have to be supported by evidence, case studies, data and research; in short, the facts that support the case for better advertising. We need to demonstrate that such principles lead to success with responsibility and then make the case frequently and consistently to advertisers at all levels but particularly CMO, CFO and CEO.</p>



<p>Much can flow from there, like accreditation systems and ISO-style standards.</p>



<p>Luckily, we don’t have to start from scratch. The trade bodies, the media marketing organisations, conferences, pressure groups, academics, professors, even trade titles all do good work, but what they do is inevitably driven either by single-issues or by vested interests. Sometimes these interests compromise the need for radical honesty about the business models that distort our industry.</p>



<p>There’s a lack of joined-up thinking, and much that is neither honest nor objective. This limits what can be achieved.</p>



<p>We have to identify the vested interest behind the ostensibly impartial.</p>



<p><strong>Our ambitious aim is to pull together a central repository of evidence that sets out the principles of great advertising and its benefits – across every aspect of the industry, everywhere.&nbsp; A ‘best practice’ guide that aims to offer practical advice, not just theory.</strong></p>



<p><strong>A set of evidence-based principles that exists without fear or favour and which acknowledges the business models that determine current behaviours.</strong></p>



<p><strong>We care about advertising and the advertising and media industries; we care about the symbiotic relationship between effective advertising and a healthy, pluralistic media eco-system</strong></p>



<p><strong>We think advertising should be properly and quantifiably valued. We want to rebalance the debate around the long-term benefits of craft and experience, across all disciplines.</strong></p>



<p><strong>We will be producing updates and articles / blog posts as we go; and will aim at a second event in Q4 2025.</strong></p>



<p>Our aim is to provide reliable, lasting building blocks, to ensure that the buildings designed by practitioners are as good as they can be.</p>



<p>We will be publishing more details of the subject areas we intend to include, and who will be leading them shortly. Fortunately for us all the workstream leaders from our efforts so far have agreed to continue to help.</p>



<p>We are under no illusions about the scale of this task, and we know it will take a lot of effort from a lot of people who care. As Artificial Intelligence develops, there is a risk that the advertising industry succumbs to automation rather than uses it as a tool for the creation of effective and engaging advertising. We should aim to preserve an industry where human values come first.</p>



<p>‘Advertising: Who Cares?’ is a movement to help the advertising industry retain its economic and societal values into the future.</p>



<p>We are thrilled at how many people do care. We want to encourage as many people as possible, from every corner of the industry to join us. If you care, do please sign up, and suggest doing so to others too. It’s free and you can do it from our site: <a href="http://www.advertisingwhocares.org">www.advertisingwhocares.org</a>.</p>



<p>Onwards.</p>
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		<title>Advertising: Who Cares? Now What?</title>
		<link>https://www.bjanda.com/blog/advertising-who-cares-now-what/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Oct 2024 10:47:41 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1833</guid>

					<description><![CDATA[About a month ago (September 12th) we launched the Advertising: Who Cares? movement with a 4-hour long event at London’s Royal Society of Arts. We had an exceptional speaker line up; we sold every seat; we paid no-one and spent nothing. We took no sponsorship money. We raised money for NABS, the advertising industry charity. [&#8230;]]]></description>
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<p>About a month ago (September 12<sup>th</sup>) we launched the Advertising: Who Cares? movement with a 4-hour long event at London’s Royal Society of Arts. We had an exceptional speaker line up; we sold every seat; we paid no-one and spent nothing. We took no sponsorship money. We raised money for NABS, the advertising industry charity.</p>



<p>This all demonstrates a few things to me. Not least on the importance of encouraging free debate and discussion, something that rarely happens at sponsored conferences where speaker selection and sponsors are intertwined – but that’s for another post.</p>



<span id="more-1833"></span>



<p>People do indeed care. As I’m writing this we have close to 450 supporters, worldwide.</p>



<p>Why do they care? Because we are in a mess and they feel that something has to be done. Lucy Jameson’s outstanding keynote played an ad for OVO Energy featuring the famous line from Howard Beale’s speech in ‘Network’: ‘I’m mad as hell and I’m not going to take it anymore!’</p>



<p>Whose fault is it? This seems to me irrelevant. I have my views, others will have theirs but again to quote from Lucy (Arthur Miller’s Willy Loman in ‘Death of a Salesman’ this time): ‘I’m not interested in stories about the past or any crap of that kind because the woods are burning, you understand? There’s a big blaze going on all around’.</p>



<p>The question is what to do about it.</p>



<p>There were notable absences from our RSA launch event. We didn’t invite anyone, we just put the event out there and people bought tickets or they didn’t.</p>



<p>Amongst those who didn’t were the platforms. Or the streaming services. Or some of the largest holding companies (one or two did buy tickets, plus there are individuals from these organisations on our supporter list, but anonymously). There were few media owners.</p>



<p>There were advertisers, trade bodies, research businesses, consultants, independent creative and media agencies.</p>



<p>There are understandable reasons why those that didn’t come chose not to come.</p>



<p>One was: we can’t afford to upset A, or B, or C.</p>



<p>But why not? If the aim is to improve the industry, isn’t that a good thing? As I said in an earlier post who wouldn’t want the industry’s myriad problems addressed?</p>



<p>What we do next has to involve the biggest players. We know we’ve been noticed. Our supporter group grows every day and we see the names of the people joining whilst respecting their desire to keep their involvement quiet.</p>



<p>We know that some are following a policy of ‘ignore them, the whole thing will blow over’.</p>



<p>We don’t think it will. After all, revolutions start on the streets, not in the institutions.</p>



<p>The Who Cares? idea has generated some interest outside our bubble. It’s always revealing to speak to those not closely involved.</p>



<p>When I explain the extent of ad fraud; the threat to independent journalism posed by the online social media platforms; and the fact that we are increasingly funding the spread of misinformation there is general disbelief.</p>



<p>Furthermore, even casual observers agree that the ads themselves are just not terribly good.</p>



<p>Of course, there are exceptions but overall, the standard in creativity reflects the fact that these days advertisers are more focussed on audience numbers than on the messages they put in front of those audiences.</p>



<p>Numbers are an easy sell; even if the numbers quoted are nearly always misleading and unvalidated. Creative judgement is hard. Numbers are quantifiable; creative opinion is ‘pink and fluffy’.</p>



<p>We have agencies (most particularly within the holding companies) looking for non-transparent ways of making a margin to fund their underperforming siblings, and then denying they’re doing anything remotely dubious. And at the same time complaining about a lack of trust in the industry, as if they had nothing at all to do with that state of affairs.</p>



<p>We have adtech businesses overcomplicating and overclaiming what they do in order to convince investors of all shapes and sizes (most with little in-depth understanding of how our industry works) that they and they alone hold the keys to the kingdom.</p>



<p>And we have so many people invested in the status quo that they’ve lost sight of the key benefits that lie in powerful brands created at least in part by famous advertising.</p>



<p>If you step back, outside the bubble this is all truly crazy.</p>



<p>Think about it. We have ‘trusted advisors’ who aren’t trusted, spending budgets to benefit themselves first and their clients second, using tech companies to justify their actions via often ill-defined data not validated by anyone.</p>



<p>Nick Manning and I started Advertising: Who Cares? to shine a light, to start a dialogue. It’s up to others how they run their businesses, of course, but we think they should make decisions based on the full knowledge of the consequences of their actions.</p>



<p>This is impossible if we aren’t honest, open and transparent. It seems a lot of people agree with us.</p>



<p>So, now what?</p>



<p>We have with input from many supporters generated masses of ideas, and we are keen to work with like-minded organisations and individuals to help us develop and promote our approach.</p>



<p>We will be contacting our supporter group with ideas to consider shortly. If you haven’t yet joined (for free at <a href="http://www.advertisingwhocares.org">www.advertisingwhocares.org</a>) now would be a very good time to do so, to ensure you have your say in how we should go about refocusing the ad industry.</p>
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		<title>Advertising: Who Cares? Who Wouldn&#8217;t?</title>
		<link>https://www.bjanda.com/blog/advertising-who-cares-who-wouldnt/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 29 Aug 2024 12:01:31 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1829</guid>

					<description><![CDATA[Advertising reflects society, it doesn’t drive it, which would go some way to explaining why the industry today is so divisive. Everything is black or white, you’re for me or against me. You love or you hate. Compromise is for wimps. Discussion wastes time, debate is the enemy of progress. In April, Nick Manning and [&#8230;]]]></description>
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<p>Advertising reflects society, it doesn’t drive it, which would go some way to explaining why the industry today is so divisive. Everything is black or white, you’re for me or against me. You love or you hate. Compromise is for wimps. Discussion wastes time, debate is the enemy of progress.</p>



<p>In April, Nick Manning and I had one of our regular two-old-guys-in-a-coffee-shop-moaning-about-the-state-of-the-ad-industry sessions. This one was a little different – for two reasons.</p>



<span id="more-1829"></span>



<p>First, we joined the dots. Maybe it took us longer than it should, but it finally struck us that one reason for the overall poor quality of creative output these days is because advertisers’ focus, directed there it must be said by those who should know better, is more on the numbers reached than on the message delivered.</p>



<p>And secondly, we decided to try to do something about it. To be fair we were a bit like a couple of cartoon characters: thumping the table (metaphorically you understand) and shouting ‘something must be done’ (rather quietly so as not to upset the good citizens of Putney) without having much idea what exactly.</p>



<p>We settled on a blog – there’s revolutionary for you – and in that <a href="https://www.bjanda.com/blog/advertising-who-cares/">original post</a> wrote: “We intend putting on an event whose shape and scale will be driven by the interest we generate. Maybe we’ll need a conference venue, maybe a large table, maybe a small desk.”</p>



<p>We laid out <a href="https://www.advertisingwhocares.org/manifesto">our manifesto</a>, and decided on five key topics. In a nutshell:</p>



<ul><li>Business models (nobody thinks the current model, largely unchanged since the 1970’s, works)</li><li>Trading, transparency and trust (trust in advertising is in short supply, shining a light on how the industry works can only be a good thing)</li><li>Measurement and accountability (metrics that mean little and are often wilfully misinterpreted need to be replaced by meaningful, validated data)</li><li>Recruitment and well-being (starting salaries in agencies are virtually the same as they were 20 years ago; and there’s less satisfaction, and enjoyment to act as a counter-balance. A career in advertising isn’t the attraction it once was)</li><li>Brands and journalism (shouldn’t we consider the societal benefits of original, professionally produced content when deciding where to spend budgets?)</li></ul>



<p>The aim is for a group of like-minded people to discuss and debate, and to emerge with pragmatic, forward-thinking, positive ideas on how best to move the industry ahead.</p>



<p><strong>I find it hard to think of a single reason why anyone would have any problem with any of this.</strong></p>



<p>Do we really think that the current business models work? Not if you listen to the moans around the industry on how we’re not appreciated, not properly rewarded.</p>



<p>Is spending someone else’s money without explaining exactly why we’re suggesting whatever we’re suggesting, and the benefits, professional?</p>



<p>Are we happy with the obsession with numbers that have little connection to business effect; and the lack of a full debate on what to do about it?</p>



<p>Is it acceptable that today’s graduates simply don’t consider advertising to be an attractive, enjoyable profession?</p>



<p>And shouldn’t we at least consider the consequences of breaking the ties between ad spend and original content creation?</p>



<p>The old virtuous circle – do great work, attract more clients, grow the business by doing great work for those clients, has been replaced by a linear model driven not by admen but by money men. Identify an opportunity, invest, grow, cut costs, sell.</p>



<p>It’s said of social media that you, as the user are not the customer but the resource. In today’s ad world the client, whose business we’re there to grow is it seems no longer central.</p>



<p>The Advertising: Who Cares? movement has attracted 340 individuals who’ve volunteered to help re-centre the industry. There are some interesting things about this group.</p>



<p>First, they are individuals who care. They’re not corporate shills, no-one is being told to do this.</p>



<p>In fact, just the opposite; a fair few wish to remain anonymous. Many of them work for large advertising businesses. We are delighted to have their support and to protect their identities.</p>



<p>Isn’t it strange that the largest advertising businesses on the planet are not actively supporting an attempt to make advertising as an industry work better?</p>



<p>Not only that, but some have created a culture within which free-thinking individuals working for them feel they have to go undercover to support this initiative.</p>



<p>The same is true of the platforms (although I do sort-of get why; they’ve done extremely well on the back of what might politely be termed a lack of buyers’ curiosity).</p>



<p>It’s also true of some (‘The Media Leader’ is an honourable exception) of our trade press and, weirdly the ad agency trade body (which disappoints me as an IPA Fellow).</p>



<p>What drives Nick and me is a desire to do what we can to make the ad industry a better place. One that attracts the best people so that they can bring their skills to bear on clients’ businesses.</p>



<p>We – and those many people and organisations helping us in one way or another are doing this for free. If we do make anything we’ll donate the balance to NABS. If we don’t cover our direct costs, well, so be it.</p>



<p>Our launch event in September has attracted attendees from all over, including the US, Australia, Europe, Scandinavia, China and New Zealand. With two weeks to go we have 9 tickets left.</p>



<p>We’re sure initiatives will emerge but just what they’ll be we won’t prejudge.</p>



<p>We hope the largest players will join us.</p>
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		<title>GARM Gone</title>
		<link>https://www.bjanda.com/blog/garm-gone/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Aug 2024 13:36:40 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1825</guid>

					<description><![CDATA[Elon Musk’s decision to start legal action against the World Federation of Advertisers (the WFA) and their working group the now-sadly-departed Global Alliance for Responsible Media (X was a proud GARM member) on the basis that advertisers are not advertising on X is, to use a word of the moment, ‘weird’. Others have had their [&#8230;]]]></description>
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<p>Elon Musk’s decision to start legal action against the World Federation of Advertisers (the WFA) and their working group the now-sadly-departed Global Alliance for Responsible Media (X was a proud GARM member) on the basis that advertisers are not advertising on X is, to use a word of the moment, ‘weird’.</p>



<span id="more-1825"></span>



<p>Others have had their fun pointing out how little Musk knows about the ad business, but his comments (and the video posted by his CEO Linda Yaccarino, who you would think would know a thing or two) do seem to be rooted in some fundamental differences between the ad business here (and elsewhere) and the USA.</p>



<p>First there is the belief that bigger simply must equal better.</p>



<p>The US media market has always tended to be a buying as opposed to a planning market. In buying markets, bigger audiences always mean more revenue.</p>



<p>In many places we’ve moved on from ‘biggest equalling best’ without any further discussion being required.</p>



<p>The notion of planning campaigns around a set of quality metrics and then buying against those metrics is simply not how it has traditionally been done in the US model.</p>



<p>This explains why the US is (I think) the only major media market where audiences on TV are reported not by commercial break but by programme within which the commercial break appears.</p>



<p>If the unit was the commercial break the gross number may go down. And that would never do – even if it reflected reality.</p>



<p>The fact that the media market has changed out of all recognition is not the point, the point is the continued focus on the biggest numbers.</p>



<p>I imagine Musk and Yaccarino find it hard to conceive that advertisers don’t just automatically go after the biggest numbers, whatever the circumstances. Whether the context is relevant to a brand’s needs, socially acceptable, whether the numbers are bot-driven, all of these are to a greater or lesser degree not part of their conversation.</p>



<p>X, and before it Twitter has never been particularly important for advertisers. The format isn’t conducive to showcasing great work, the audience is neither particular large in the context of others’, plus it’s easily reached elsewhere. And the surrounding ‘editorial’ has always been controversial.</p>



<p>What about freedom of expression, a term used on both sides of the Atlantic to mean different things, as <a href="https://www.theguardian.com/commentisfree/article/2024/aug/12/elon-musk-x-twitter-uk-riot-tweets-arrest-warrant">Bruce Daisley, ex of Twitter, pointed out this week in ‘The Guardian’?</a></p>



<p>If you want to exercise your freedom of expression, within the law on X then good for you. But advertisers are free to advertise where they think most appropriate to meet their objectives and needs.</p>



<p>Often that place isn’t X.</p>



<p>The second difference between the media markets is that the US has often struggled with the concept of collaboration between competing parties.</p>



<p>Take audience measurement. Whereas most major ad markets operate a system within which research is commissioned and managed via a collaboration of all interested parties, the US does things differently.</p>



<p>Take TV, where Nielsen has for many years had the major contract. There has always been a quoted anti-trust issue that stops the industry collaborating fully to commission one source of audience truth. Whether this is a real issue or something confected decades ago by Nielsen and never challenged is a moot point.</p>



<p>To an outsider like me the US measurement industry has never seemed to move at the pace of other markets because of a) an obsession that only big numbers count, and thus anything reducing the headline number is undesirable and b) a belief that collaboration is somehow anti-competitive.</p>



<p>This is finally changing, slowly. Attention as a factor has emerged; so-called alternative currencies which are neither alternative (alternative to what?) nor currencies (surely you can only have one base currency?) at least have broadened the debate.</p>



<p>Meantime back in the land of the great suer, anyone who’s ever had anything to do with advertiser trade bodies will know that the very idea that they can somehow insist that advertisers act in concert in how and with whom they trade is delusional.</p>



<p>What trade bodies do is lobby governments, set standards, organise studies, and all manner of other activities that raise the bar for all. They’re frequently infuriating (‘why does everything take so long?’), and inevitably underfunded. The fact they work at all is down not only to the talents of those employed by them but also to an army of volunteers who do a sterling, unsung job for nothing.</p>



<p>Not only is Musk’s legal action against the WFA absurd (and I suspect won’t work as he intends) but it is also damaging to the industry. It could lead to advertisers thinking twice before joining any association whose goal is to collaborate for the greater good.</p>



<p>It will make the job of those working selflessly for the industry harder.</p>



<p>This is a complicated industry; far more complicated than ‘the biggest number wins’. We need representation in front of power, and standards, agreed by all and applied consistently in order to instil confidence in those who ultimately pay for everything.</p>



<p>Every boat, even X, rises on a rising tide.</p>
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		<title>Advertising: Who Cares? Altogether Now</title>
		<link>https://www.bjanda.com/blog/advertising-who-cares-altogether-now/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Jul 2024 09:53:10 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1821</guid>

					<description><![CDATA[Last week the ad business came together to celebrate creative excellence at the annual Cannes Festival. Or: last week the ad tech giants along with a number of circling bankers and assorted money men came together in Cannes to celebrate the takeover of the ad business by a combination of machines and mathmen. Regardless of [&#8230;]]]></description>
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<p>Last week the ad business came together to celebrate creative excellence at the annual Cannes Festival.</p>



<p>Or: last week the ad tech giants along with a number of circling bankers and assorted money men came together in Cannes to celebrate the takeover of the ad business by a combination of machines and mathmen.</p>



<span id="more-1821"></span>



<p>Regardless of which Cannes you were at (I was at neither), the ad business is not in a good place. An industry built around creativity (in the broad sense), and the application of creative thinking to solve clients’ business problems, is being reduced to number chasing.</p>



<p>The issues we face are many.</p>



<p>It’s hard to recruit the brightest to an industry many find hard to define, and frankly rather boring.</p>



<p>It’s tough to explain how true objectivity in client recommendations can sit alongside the deals buyers make with media and tech vendors.</p>



<p>It’s not easy to make the case for access to boardrooms and for higher fees at a time when advertising effectiveness is confused with online metrics that are neither consistent nor independently verified.</p>



<p>It’s hard to persuade a client to trust you when certain behaviours are questioned across so many dimensions.</p>



<p>It is uncomfortable for marketers to justify putting more and more of their budgets into media forms that are not only largely devoid of professional content but who also take no responsibility for what appears. And to do so at a time when independent journalism is under threat.</p>



<p>None of these things are easy – and what makes it harder is the lack of open-ness in discussing them. The worry is that key players might with-hold their favours (or worse) from anyone daring to open up a discussion. It’s a strange and insecure business that cannot take criticism without resorting to insults and threats.</p>



<p>A couple of months ago Nick Manning and I decided to try to do something about this state of affairs.</p>



<p>It started with a blog post: <a href="https://www.bjanda.com/blog/advertising-who-cares/">Advertising: Who Cares?</a></p>



<p>Since then, we have been amazed at the level of support, whilst noting how some have misinterpreted our intentions.</p>



<p>This is what we’re trying to do.</p>



<p>We would like to make advertising and the advertising industry better for everyone. We are seeking solutions and ideas to help make this happen.</p>



<p>We believe in good advertising. Creatively what constitutes ‘good advertising’ is largely subjective but there are some pretty uncontroversial definitions. Good advertising:</p>



<ul><li>Engages, informs, is relevant and responsible</li><li>Is respectful of its audience&#8217;s time, attention and privacy</li><li>Is accountable; and effective in building business</li><li>Contributes positively to the economy</li><li>Does not bombard the public and is not excessively intrusive</li><li>Is welcomed (or at worst tolerated) by the public</li><li>Funds high quality content (including high quality journalism) which in turn provides a suitable environment for advertising</li><li>Doesn’t harm the environment</li></ul>



<p>Achieving these things requires care and the application of craft skills in the content of the ads, their placement and in their evaluation.</p>



<p>We believe in an advertising industry that uses these craft skills to make the advertising experience better for those buying it (clients), for those selling it (media vendors), and crucially for those consuming it (the public).</p>



<p>To do this the ad industry has to be accountable, transparent and responsible, and to be seen to be all of those things.</p>



<p>It needs to treat its people and the skills they bring to bear with respect.</p>



<p>It needs to appreciate that the cheapest deal is not always the best thing for the client. 50% off the wrong thing does not suddenly turn the wrong thing into the right thing.</p>



<p>We need to go back to providing employment with enjoyment. If we continue as now, we simply won’t attract talented people.</p>



<p>We need business models that reward success, not just that pay for the distance travelled. We are skilled consultants, not taxi drivers.</p>



<p>The large agencies are a critical part of this industry. They have more interest in its success than anyone.</p>



<p>They know as well as anyone that there are many issues faced by the industry. One fascinating aspect of the Who Cares? initiative has been the number of people mailing us from the holding companies’ media agencies, and from large vendors, supporting us, agreeing with our ambition and wishing us well whilst at the same time asking us to keep their names out of what we’re doing.</p>



<p>We are delighted to have them and to respect their request but at the same time we think it sad that they feel the need to do this. &nbsp;</p>



<p>The Who Cares? effort crystallises at our launch event on September 12<sup>th</sup> in London at the RSA.</p>



<p>Over the past weeks we have established five workstream topics, each with a high-profile and respected leader and each open to supporters to join and contribute. On September 12<sup>th</sup> we’ll hear their positive, creative suggestions as to how to improve across all five topic areas.</p>



<p>We will also hear from creative and media agency leaders, and from clients.</p>



<p>There’ll be no whinging, no finger-pointing, no apportioning of blame. We all know the issues; what we are looking for are solutions.</p>



<p>There’ll also be no sponsorship – we aim for an open discussion without fear or favour.</p>



<p>Of course, one event won’t fix it. We hope we’ll start various balls rolling towards our aim to make the industry a better place.</p>



<p>If you’re interested in what we’re doing, if you want to join us on the day, or if you would just like to be kept informed as to what happens next you can find all details on our website: <a href="http://www.advertisingwhocares.org">www.advertisingwhocares.org</a>.</p>



<p>We need to come together to fix the industry. We won’t do that by fighting amongst ourselves.</p>



<p>It really is a matter of ‘altogether now’.</p>
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		<title>Advertising: Who Cares? Redressing the Balance</title>
		<link>https://www.bjanda.com/blog/advertising-who-cares-redressing-the-balance/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 13 Jun 2024 14:51:21 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1816</guid>

					<description><![CDATA[Since Nick Manning and I started what has become the Who Cares? movement we have been asked by various people what our motivation is, and why such a thing is necessary. The motivation bit is easy. We’ve both had long careers in advertising; and we’ve both had a great time. Further we both retain an [&#8230;]]]></description>
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<p>Since Nick Manning and I started what has become the Who Cares? movement we have been asked by various people what our motivation is, and why such a thing is necessary.</p>



<span id="more-1816"></span>



<p>The motivation bit is easy. We’ve both had long careers in advertising; and we’ve both had a great time. Further we both retain an enthusiasm for the business, tempered by a real worry that it is losing its power, influence and popularity. And, underpinning all of these it’s losing its attractiveness as a career.</p>



<p>Why is Who Cares? necessary?</p>



<p>Nick and I both write a fair bit – blogs, articles, conference speeches and so on. We’ve found ourselves writing about largely the same things.</p>



<p>The marketing industry is responsible for one of the world’s largest criminal enterprises; ad fraud is yet to overtake drug trafficking in the league table of bad guys, but the suspicion is we’re edging closer.</p>



<p>The agency world and their clients waste huge amounts of money. The more we waste, the less likely anyone in any position to do anything about it is to call it out.</p>



<p>Add in principal-based buying (broking as it used to be called), a lack of transparency in trading, the neutering of planning, the silence around deals done by the agency and sold on to the client, unverified audience research, poor data masquerading as valuable insights, problems in recruitment, lack of motivation within agencies and you end up with an unhappy industry staffed by unfulfilled people.</p>



<p>All of this is well-known, if only we would admit it.</p>



<p>Our lightbulb moment was to realise that this isn’t just some geeky adtech matter impacting media agencies.</p>



<p>We are as an industry producing large volumes of poor ads; poor ads don’t work; and it’s not a huge leap to go from there to asking why anyone would spend anything on ads that don’t work?</p>



<p>It is a reasonable question to ask why it is that few if any of these topics are being discussed at the Cannes Festival of Creativity this coming week. But they’re not; and if by chance any do come up it will be with an air of mutual congratulation that we’ve fixed the issue.</p>



<p>But we haven’t, and we know we haven’t.</p>



<p>The best ads have always emerged from teams. Media planners and strategists are key team members. Yet their thinking and input is often minimised – by the physical division between media and creative agencies, and shamefully by their own bosses and the deals they make.</p>



<p>The irony is that media agencies, in the UK at least, emerged from an inequality in full-service agencies.</p>



<p>If creative was king, media was well down below the salt.</p>



<p>In the 1970s a few farsighted entrepreneurs took a risk and laid the foundations for the media buying (later planning and buying) industry.</p>



<p>The full-service model was unbalanced. The old joke was that the client presentation was 75% about where to hold the shoot; 24% about who would be in the film; and 1% (typically the 5 minutes before lunch) rather grudgingly spent discussing where the ads would appear and at what cost.</p>



<p>With a few exceptions most clients were uncomfortable discussing creative. It’s ungraspable, unquantifiable, soft not hard, opinion not fact. They loved mixing with the stars, but most were out of their comfort zone.</p>



<p>Of course there were exceptions – brilliant creative thinkers, happy to look past headline research numbers, and confident in their ability to sell an idea to their management.</p>



<p>How different from today.</p>



<p>Media today is exactly in the client’s comfort zone. It’s facts, numbers, measured, precise, graspable, absolute.</p>



<p>Except when it isn’t.</p>



<p>And increasingly it definitely isn’t.</p>



<p>None of us feel comfortable when something we consider immovable moves; something solid dissolves; something visible disappears.</p>



<p>When this happens, we try to pass it off as someone else’s problem. We rarely admit that it’s us that has caused it.</p>



<p>Take one small, relatively uncontentious example.</p>



<p>Why do we persist in thinking that an ad has truly been exposed after two seconds? Surely that’s starting at the wrong end. “How long do people typically spend looking at an ad on our channel? Two seconds? Well go off and prove that two seconds is all anyone needs”.</p>



<p>It’s upside down logic, start with the answer then work out the question.</p>



<p>Who Cares? has no ambition to rubbish technology, online media, social channels, TV, or anything else. There are plenty of events that seek to sell you something by rubbishing something else.</p>



<p>Rather we want to have an open discussion, based on experiences and evidence. And from that start-point to look for solutions. We are putting on a half day (afternoon) event at the RSA in London on September 12<sup>th</sup> to try to start to find some.</p>



<p>We want every side of the industry, holding companies, independents, analysts, journalists (an unhealthy ad market isn’t great news for them either), tech businesses, platforms, to attend. They all have much to contribute.</p>



<p>We are very grateful to have persuaded (dragooned…) Jenny Biggam, Michael Farmer, Ruben Schreurs, Denise Turner and Crispin Reed to help us.</p>



<p>Whinging is banned (that’s what blogs are for); creative thinking is the order of the day.</p>



<p>We are trying to do our bit to redress the balance from mathmen towards madmen.</p>



<p>You can help us by buying a ticket (<a href="http://www.advertisingwhocares.org">www.advertisingwhocares.org</a>). We aren’t making a penny from it, any balance will go to NABS, any shortfall will be picked up by us.</p>



<p>Why are we doing it?</p>



<p>We feel someone has to, and Nick Manning and I are both at that stage when we can try to do something good for the industry.</p>



<p>Who Cares? We think more people than perhaps you think.</p>



<figure class="wp-block-image size-large is-resized"><a href="https://www.bjanda.com/blog/wp-content/uploads/2024/06/AWC-Logo_Final-01-rsa.jpg"><img loading="lazy" src="https://www.bjanda.com/blog/wp-content/uploads/2024/06/AWC-Logo_Final-01-rsa-1024x403.jpg" alt="" class="wp-image-1817" width="221" height="87" srcset="https://www.bjanda.com/blog/wp-content/uploads/2024/06/AWC-Logo_Final-01-rsa-1024x403.jpg 1024w, https://www.bjanda.com/blog/wp-content/uploads/2024/06/AWC-Logo_Final-01-rsa-300x118.jpg 300w, https://www.bjanda.com/blog/wp-content/uploads/2024/06/AWC-Logo_Final-01-rsa-768x302.jpg 768w, https://www.bjanda.com/blog/wp-content/uploads/2024/06/AWC-Logo_Final-01-rsa-1536x604.jpg 1536w, https://www.bjanda.com/blog/wp-content/uploads/2024/06/AWC-Logo_Final-01-rsa.jpg 2000w" sizes="(max-width: 221px) 100vw, 221px" /></a></figure>
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		<title>Advertising: Who Cares? The Pros and&#8230;</title>
		<link>https://www.bjanda.com/blog/advertising-who-cares-the-pros-and/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 23 May 2024 08:53:36 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1810</guid>

					<description><![CDATA[Prose. It’s about a month since a Cog Blog co-authored with Nick Manning appeared, and kicked off what has become known as the ‘Who Cares?’ movement. Since then, we’ve had over 150 supporters approach us to offer to help. Many have asked to remain anonymous (hardly surprising given where they work). We’re happy to guarantee [&#8230;]]]></description>
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<p>Prose.</p>



<p>It’s about a month since a <a href="https://www.bjanda.com/blog/advertising-who-cares/">Cog Blog</a> co-authored with Nick Manning appeared, and kicked off what has become known as the ‘Who Cares?’ movement.</p>



<span id="more-1810"></span>



<p>Since then, we’ve had over 150 supporters approach us to offer to help. Many have asked to remain anonymous (hardly surprising given where they work). We’re happy to guarantee that.</p>



<p>Even (maybe especially) those inside the companies at the heart of the many criticisms around the industry aren’t it seems happy with what the ad business has become.</p>



<p>To balance things, we’ve had the usual, expected pushbacks. We’re just two old men harking back to the good old days; we’re dinosaurs; we’re anti online advertising; we’re anti agencies; we don’t understand the modern world; we simply don’t get social media / data / current systems / DSPs / SSPs.</p>



<p>All of this is rather tiresome even if some of it is undeniably true – I am indeed old.</p>



<p>The point is that the ad business is in a mess. Anyone who knows anything about it knows this to be the case but looks the other way. This is hardly some sort of golden era for advertising.</p>



<p>The question is not whose fault this is but how best to fix it?</p>



<p>Maybe the agencies’ trade association, the IPA (4As in the USA)?</p>



<p>I have a long association with the IPA. I served on many of their working groups, represented the agency sector on several joint industry committees and was appointed a Fellow in 1983.</p>



<p>The IPA has always been a fine example of a trade body, well-funded and appreciated by its members.</p>



<p>But it looks to me as if today it is compromised. Is it there to represent the best interests of its members, including the holding company media agencies? Or to promote and support the ad industry?</p>



<p>Because right now those two things appear in conflict.</p>



<p>Both the IPA and the 4As have decided that saying nothing is the best policy.</p>



<p>How about the usually oh-so-vocal large media consultancies, those who seek to ‘do media better’? Not a word, although a few individuals have joined us in a personal capacity.</p>



<p>Silence on these matters is not a good look.</p>



<p>The Who Cares? movement has from the start (all of one month ago) been clear about one thing. We are trying to make things better; and the first thing to do towards that goal is to talk about things openly and honestly. To shine a light where previously there have only been shadows.</p>



<p>We all know the problems, there are plenty of articles, blogs and podcasts doing a fine job. Simply repeating them gets us nowhere.</p>



<p>Nor does blaming anyone. We all have our bogeymen and our pet theories as to where exactly the industry has gone wrong, but there’s little point in having a crack at anyone or any sector.</p>



<p>What is clear is that the issues faced by the ad business have an impact far beyond the ad business. This isn’t a little local issue.</p>



<p>The media industry historically relied on advertising as a key source of revenue, along with the price paid by consumers for the content delivered.</p>



<p>Today that business model is shot. Few are prepared to pay for news, or content generally; and ad revenue taken by the publishers is now measured in cents not dollars.</p>



<p>The giant platforms have done a wonderful job for their shareholders by refusing to be categorised as publishers (‘publisher’ means taking responsibility for content) and have ripped apart the old ad revenue plus cover price model.</p>



<p>Over time they’ve misused data (Cambridge Analytica, anyone?), hidden audience statistics inside walled gardens to avoid scrutiny, and misstated audience numbers.</p>



<p>The scale of the main players and their disdain for any advertising form not controlled by them are not good for any of us.</p>



<p>This is not to say that advertising on FB, YouTube etc doesn’t have its place. Clearly, they reach loads of people and are enjoyed by many.</p>



<p>They are but the visible tip of an iceberg that siphons off so much money to un-necessary middlemen, to ineffective MFA sites, to tech that doesn’t do what it says on the tin, to ad fraud, that the true advertising industry is left decimated.</p>



<p>Since we broke cover, we have had individuals from trade bodies, advertisers, agencies, consultants, publishers, ad tech firms all ask to join us. We seem to have hit a nerve.</p>



<p>Given our backgrounds we naturally lean towards the ad business, hence the original Advertising: Who Cares? title.</p>



<p>But what’s happening in advertising impacts far more than advertising.</p>



<p>The benefits of a flourishing, diverse media with professional journalists seeking out the truth; the huge influence of the ‘old-fashioned’ TV world (the UK Post Office scandal brought to public attention not by Google, nor by Facebook, YouTube or TikTok but by ITV), these things are threatened by ad revenue being diverted.</p>



<p>This is nothing to do with harking back to some idyl; it is all to do with true freedom of expression, the importance and recognition of quality and the airing of sometimes uncomfortable truths.</p>



<p>Who Cares? is not against anything as such. We are for creative thinking, great and objective planning, and successful agencies paid properly for the business and brand building work they do.</p>



<p>We aim to shine a light on what’s going wrong, whilst providing a space for discussion hopefully leading to improvement. We really hope that all sides of the industry, even those who are yet to comment, take part. </p>



<p>We strive for solutions, not whinging. </p>



<p>We are all pros, no cons.</p>
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		<title>Advertising: Who Cares? &#8220;Let&#8217;s Start&#8230;</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 May 2024 07:55:43 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1806</guid>

					<description><![CDATA[… at the very beginning. A very good place to start”. [Oscar Hammerstein and Richard Rodgers] The last Cog Blog post, co-authored with Nick Manning created a stir. Described by some as a ‘call to arms’ and no doubt by others as ‘two old blokes desperately seeking relevance’ (which by the way we neither need [&#8230;]]]></description>
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<p>… at the very beginning. A very good place to start”. [Oscar Hammerstein and Richard Rodgers]</p>



<p>The last <a href="https://www.bjanda.com/blog/advertising-who-cares/">Cog Blog post</a>, co-authored with Nick Manning created a stir. Described by some as a ‘call to arms’ and no doubt by others as ‘two old blokes desperately seeking relevance’ (which by the way we neither need nor want), the point we were, and are making is that for many in the advertising industry the advertising itself has become an after-thought.</p>



<span id="more-1806"></span>



<p>This is a far bigger problem than many recognise. Even if it sounds familiar, few would like to admit that what’s been happening over the last decade or two is putting the future of the business, and many who work in it at risk.</p>



<p>Let’s start at the beginning.</p>



<p>Customers, prospective customers, real people don’t care about adtech, platforms, data or media rebates. They care, if they care about anything in our business, about the ads.</p>



<p>Are they fun? Entertaining? Informative? Persuasive? Interesting? Shareable? Noticeable? For me? Relevant? Timely?</p>



<p>Perceived wisdom has it that nobody notices a media plan. True enough but get the media plan wrong and nobody will notice the ad either.</p>



<p>Getting the plan right is at the heart of our Who Cares? initiative.</p>



<p>The best, the most effective ads come from a collaboration between strategists, creatives, media planners, and analysts.</p>



<p>It may be stating the obvious, but the strategist distils data into a core idea; the creatives work the core idea into an execution; the media guys amplify the execution by placing it in those places where it will have the greatest impact; the analysts report if it impacted the business and together everyone decides what needs to improve next time.</p>



<p>Where are the buyers in this? The dealmakers? The adtech suppliers? The DSPs/ SSPs and all those other acronyms?</p>



<p>They exist to execute the plan. As efficiently, and as painlessly as possible.</p>



<p>Not to change it, fiddle with it, create frankly dubious numbers and concepts to ‘improve it’.</p>



<p>Just to deliver it.</p>



<p>This isn’t easy, it is both a sophisticated and a skilful business, but it’s the last stage in the process, not the first.</p>



<p>It’s also table-stakes. Yes, it needs to be paid for, but it shouldn’t be seen as a hidden source of revenue for the agencies. That should always be, must be the client.</p>



<p>Our issue, and why we started the Who Cares? campaign is that these delivery mechanisms are negatively affecting the end product, the ad.</p>



<p>Nobody is suggesting we should go back to the ‘Madmen’ era and ignore anyone who questions the creatives’ art; but equally it’s wrong to rely 100% on the ‘Mathmen’.</p>



<p>Some say this is an inevitable evolution of the business. It isn’t &#8211; in evolution the best bits survive.</p>



<p>The ‘Mathmen’ approach ends with messages that deliver sameness, blandness, and, for the consumer, tedium.</p>



<p>Messages that don’t work.</p>



<p>It takes away judgement and replaces it with a false certainty, the sort of certainty that claims that my enlarged photocopy of the Mona Lisa is a greater work of genius than the original just because mine is on a bigger canvas.</p>



<p>‘Mathmen’ may not destroy the ad industry but they are turning it into something else, with all sorts of unpredicted consequences.</p>



<p>One such is that we’re no longer an attractive proposition for those young people best suited to a career in a creative industry.</p>



<p>This has come up a number of times in the response Nick Manning and I have had – from students, their professors, and teachers. Advertising is simply no longer a particularly attractive profession.</p>



<p>Starting salaries in media agencies are, we have been surprised to learn much the same as c.20 years ago. There’s not even the balancing factor of ‘fun’ anymore. And there’s still the same mental stresses and strains, the uncertainties, the (often un-necessarily) long hours.</p>



<p>Those who have contacted us privately from the holding companies talk of the primacy of the dealmakers over those with client knowledge, and the favouring of media channels with whom their parent has deals, over doing the right thing for the client.</p>



<p>It’s worth remembering the 2016 transparency scandal started in the USA by Jon Mandel, supported by the ANA, ignored, scandalously by the agencies and their trade association.</p>



<p><a href="https://www.bjanda.com/blog/the-ana-report-considered/">Here’s a link</a> or two to <a href="https://www.bjanda.com/blog/the-strange-case-of-irwin-gotlieb-and-the-auditor/">blogs from back then</a>. Nick Manning, my co-troublemaker in Who Cares? was deeply involved in the reporting of this at the time.</p>



<p>This isn’t a new point – but it is one that needs the disinfectant of light applied to it.</p>



<p>We’ve received more support than we imagined likely for the Who Cares? initiative.</p>



<p>We’ve so far heard from clients, creative agencies, media agencies, research businesses, consultancies in UK, USA, Germany, Holland, Estonia, China, Singapore, Canada, Australia, and New Zealand.</p>



<p>About 4,000 have read the blog post and about 120 have written to offer us help, support and active participation in the event we’re planning later in the year (September 12<sup>th</sup> – save the day!).</p>



<p>One thing that hasn’t unduly surprised us is those we have not heard from.</p>



<p>Nothing from many of the usual experts and commentators. Where are the high-profile media consultancies? Where are all those people who tell us in posts and on platforms, how to ‘do’ advertising? Strangely quiet this time.</p>



<p>What about the large adtech businesses? The platforms?</p>



<p>What about the holding companies? Not a squeak.</p>



<p>We’ve looked at where the audience to <a href="https://www.bjanda.com/blog/advertising-who-cares/">the original post</a> came from.</p>



<p>Four out of the top five organisations hosting the largest number of individuals accessing the post came from holding companies and major platforms.</p>



<p>It looks as if we are generating interest amongst individuals, even if not with the organisations for whom they work.</p>



<p>We are delighted to hear from anyone, or any organisation interested in our plans. Some from the larger, silent organisations have contacted us in a private capacity. We are especially grateful to them.</p>



<p>We are happy for people to contact us anonymously and to ask us to keep their names hidden. We know how hard it can be to speak out against working practices with which you may disagree.</p>



<p>The event we’re planning (September 12<sup>th</sup>) is for all – we think it will be far better if those currently remaining silent do decide to attend to put their point-of-view.</p>



<p>But to those wishing to support us, you don’t have to cause problems for yourself.</p>



<p>We’ll make the fuss; and we’re beyond caring – except for the business we love.</p>
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		<title>Advertising: Who Cares?</title>
		<link>https://www.bjanda.com/blog/advertising-who-cares/</link>
					<comments>https://www.bjanda.com/blog/advertising-who-cares/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 25 Apr 2024 07:46:06 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1801</guid>

					<description><![CDATA[The craft of advertising faces a crisis. And without the craft the business per se is in trouble, adrift in a sea of creative and media sameness without verifiable, solid data to cling on to. Consider low levels of viewability and attention, ad fraud, MFA sites, unverified (and often unbelievable) audience data, agencies who make [&#8230;]]]></description>
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<p>The craft of advertising faces a crisis. And without the craft the business per se is in trouble, adrift in a sea of creative and media sameness without verifiable, solid data to cling on to.</p>



<span id="more-1801"></span>



<p>Consider low levels of viewability and attention, ad fraud, MFA sites, unverified (and often unbelievable) audience data, agencies who make more money from their suppliers than from their clients (thus threatening the very objectivity they’re hired for in the first place), bland creative generated by AI, and an audience that increasingly resents our work.</p>



<p>Articles, speeches and tweets from those who make money at arm’s length from the actual advertising, whilst not caring a jot for anything except short-term revenue, are everywhere.</p>



<p>Nick Manning, ex Manning Gottlieb and Ebiquity, and I share concerns over this sorry state of affairs.</p>



<p>We see two choices.</p>



<p>Write yet another article, give another conference speech, and accept the headlines whilst knowing in our hearts that nothing will change.</p>



<p>Or at least to try to start to change things for the better.</p>



<p>It is easy to dismiss us as two old gits, whose time of influence within the industry is past and who now can do little else except meet up for a moan.</p>



<p>This would be true but for one rather inconvenient fact. There are many who seem to agree with us who are neither old nor past it but who are worried. Most feel unable, and literally cannot afford to speak out.</p>



<p>Nick and I care about the ad business. We don’t care about pay checks, future jobs or mortgages.</p>



<p>So, as planners, we’ve hatched a plan.</p>



<p>There are a number of inconvenient truths in adland.</p>



<p>The first is most of us know what’s going on. Yet no-one in any position to influence anything talks about the issues.</p>



<p>Take media agencies. Here we should acknowledge those independents who have for years made transparency in media selection and fees a point of difference from the networks. Valuable though they are, it’s the networks who drive the market, and whose behaviours create the weather.</p>



<p>Everyone at any level of seniority in every agency in the land knows that ad fraud is a massive problem. Everyone knows about MFAs.</p>



<p>Everyone knows that too much advertiser money is spent on unproductive adtech, and that the network agencies are forever looking for new ways to make undisclosed margins.</p>



<p>But no-one wants to talk about these issues.</p>



<p>The reason for the silence is obvious. For years, the largest network media agencies have made more money from their suppliers, be they media vendors, fraud detection specialists, or adtech companies than they have from their clients.</p>



<p>Holding company revenues are largely dependent on revenues from their media arms – whose margins are high. Anyone running a holding company media operation is all too aware of the pressure to deliver high margins; their parent simply can’t survive without them.</p>



<p>So – do a deal with a fraud detection business / adtech vendor / specialist research supplier, pretend to the client that everything is under control, and don’t rock the boat.</p>



<p>The problem is that courtesy of all sorts of interfering so-and-so’s the cat is now well and truly out of the bag. Clients are asking difficult questions; questions which cannot in all truth be answered without compromising a valuable supplier.</p>



<p>Consequently (and we can argue which came first, chicken or egg) trust between client and media agency has eroded.</p>



<p>Respectable media vendors have found themselves disadvantaged unless they play the game. No matter their quality brand-safe environment, their valuable audiences, unless they play in the agencies’ sandpit they simply can’t generate sufficient revenue to fund their uniquely valuable content.</p>



<p>Some of our trade press too largely ignores these issues – there’s a symbiotic relationship between journalists, adtech vendors, platforms and agencies. There’s advertising to consider, and pitches to get excited about.</p>



<p>What about independent auditors? Too many still rely for their bread and butter on old-fashioned cost grids, and audits based on the same dodgy principles that were around in my, and Nick’s day. There’s much talk but the truth is they’re not sufficiently tooled up.</p>



<p>Trade bodies, and the verification organisations? Take the IPA as an example, it’s well-funded, but it faces a dilemma.</p>



<p>If the IPA is to represent and protect the interests of its members, what is it to do if those members’ interests are not necessarily aligned with a healthy, trusted ad business?</p>



<p>Stay schtum seems to be the answer. When did you last see an employee of a major agency break cover to comment publicly on ad fraud (and keep his or her job)?</p>



<p>What can two old guys, who do care, do?</p>



<p>We intend putting on an event whose shape and scale will be driven by the interest we generate. Maybe we’ll need a conference venue, maybe a large table, maybe a small desk.</p>



<p>If there are costs (for the venue for example) we will charge a modest fee to attend, with any profits being passed on to the advertising charity NABS.</p>



<p>We will not accept sponsorship, although we will approach a select few to ask for practical assistance.</p>



<p>We will select speakers on the basis that they will be well-informed and prepared to speak the truth. Everything will be on the record. We won’t pay speakers, nor will we pay ourselves.</p>



<p>We will invite journalists from serious business titles, as well as advertisers. From early soundings we think many will attend.</p>



<p>We will publish who we’re inviting (we’ll invite all the big players), who attends, and as importantly, who doesn’t.</p>



<p>We will produce a set of actions from the event.</p>



<p>This post is our first attempt to gauge interest.</p>



<p>If you’re interested you can comment as usual, or if you would rather remain anonymous for now you can mail me at <a href="mailto:brian@bjanda.com">brian@bjanda.com</a>&nbsp; or Nick at nick@encyclomedia.international.</p>



<p>We hope that interest will win out over apathy; and that the seriousness of the situation we’re all in will overcome short-term concerns.</p>



<p>We’ll see.</p>
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		<title>Saying and Doing</title>
		<link>https://www.bjanda.com/blog/saying-and-doing-2/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Apr 2024 13:16:07 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1798</guid>

					<description><![CDATA[During a video interview with Havas Global’s Managing Director Jon Waite (soon to be released as an asiCast, watch this space) Jon referenced an event he had been at during which a poll of the audience revealed that 79% were familiar with attention metrics. When members of the audience were asked how many adopted an [&#8230;]]]></description>
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<p>During a video interview with Havas Global’s Managing Director Jon Waite (soon to be released as an asiCast, watch this space) Jon referenced an event he had been at during which a poll of the audience revealed that 79% were familiar with attention metrics. When members of the audience were asked how many adopted an ‘always on’ approach when it came to using these data the number dropped to 1. Not even 1%, just 1.</p>



<span id="more-1798"></span>



<p>Representative or not, the fact remains that a far higher proportion of advertising professionals would rather talk about a topic than put in the hard yards required to put the theory into day-to-day practice to the benefit of their clients.</p>



<p>Whether it’s attention metrics, cross-media measurement, ad fraud, effectiveness measures, using AI in planning, or a whole host of other shiny new items on today’s to-do list, there’s saying and then there’s doing.</p>



<p>You could argue this is a function of time. Early adopters take ideas and run with them; the rest of us take an age to catch-up.</p>



<p>But as befits a blog written by a Cynical Old Git (hence COG Blog) I take an altogether more cynical view.</p>



<p>A well-known media consultant once described the media buying and selling business as being rather like a well-appointed casino.</p>



<p>There are the beautiful people to lure you in, and their counterparts serving you drinks and food as you play.</p>



<p>Then there are the guys setting the odds and making the money. They typically keep out-of-sight but everyone working there knows they’re there, calling the shots.</p>



<p>This all may sound a bit melodramatic, but it does explain some of mysteries within this industry.</p>



<p>If you were a Naïve Old Bastard (the NOB Blog?) you would be forgiven for believing that the leaders of the media agency industry should be speaking out individually or via our trade body in favour of behaviours designed to build trust and strengthen the agency business.</p>



<p>High on the agenda would be driving any practices that damage clients’ belief in advertising as an effective driver of business success (like ad fraud) from the industry.</p>



<p>Are they speaking up? No, they’re not.</p>



<p>It seems they are happier promoting the latest, largely incomprehensible systems designed by and for online media platforms to their bemused clients.</p>



<p>It would be incorrect to assume that what agencies say in pitches about serving their clients’ interests above all things is true.</p>



<p>&nbsp;The incomparable Bob Hoffman, in his latest newsletter <a href="https://typeagroup.createsend.com/campaigns/reports/viewCampaign.aspx?d=d&amp;c=FC142680CDB9311A&amp;ID=A012F7B98A7C2B0D2540EF23F30FEDED&amp;temp=False&amp;tx=0&amp;source=Report">‘Review the Rot’</a> is in no doubt.</p>



<p>Bob believes that the actions of our industry-leading media agency leaders and their online friends is less about client benefits and more about:</p>



<ul><li>“Enabl(ing) hundreds of billions of dollars of theft</li><li>(Delivering) years of imaginary marketing outcomes</li><li>(Producing) a tidal wave of media misinformation, disinformation, lies, defamation, hatred and stupidity</li><li>(Causing) enormous harm to responsible journalism”</li></ul>



<p>Bob makes the point that a small business, Adalytics, “essentially led by one guy named Krzysztof Franaszek, has done more to bring to light the true nature of online advertising than all the holding companies, all the media agencies, all the trade associations and the entire marketing trade press community combined.”</p>



<p>I would add a shout-out to Dr Augustine Fou and his business, Fou Analytics who has done more to first uncover, then understand and finally show how best to minimise ad fraud than the huge suppliers hired by the holding companies.</p>



<p>And now two of these huge suppliers (IAS and Double Verify) are seeking to add genuine innovation and measurement respectability (via two of the largest attention measurers, Lumen and TVision) to what has been to date a distinctly underwhelming fraud detection offering.</p>



<p>Putting all these manoeuvrings and machinations to one side, underneath it all this is a pretty simple business.</p>



<p>Our job is to create and place commercial messages that build business success for our clients.</p>



<p>If we do that well and can demonstrate that we’ve done so then we deserve to be fairly paid for it.</p>



<p>Clients have a right to expect the agencies they hire to work in their best interests, including using the latest tools and techniques to help them do the job better. They are right to expect us not just to say, but to do.</p>



<p>I’ve been accused of being out of my time, of being idealistic, of representing a long-ago and long-past age, and of course that’s true on one level.</p>



<p>But on another level, it’s not.</p>



<p>Our industry was in a far better place when we cared about our clients, and let our own wealth and success look after itself.</p>
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		<title>Relationships, Dear Boy&#8230;</title>
		<link>https://www.bjanda.com/blog/relationships-dear-boy/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 15 Mar 2024 09:46:02 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1795</guid>

					<description><![CDATA[Harold Macmillan, UK Prime Minister in the 1960s was once asked by a journalist what was the most difficult thing about being Prime Minister. His reply: “Events dear boy, events.” It may be unfashionable to say so but the most difficult thing about being a media agency in the 2020s is not systems, algorithms or [&#8230;]]]></description>
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<p>Harold Macmillan, UK Prime Minister in the 1960s was once asked by a journalist what was the most difficult thing about being Prime Minister. His reply: “Events dear boy, events.” It may be unfashionable to say so but the most difficult thing about being a media agency in the 2020s is not systems, algorithms or even blog posts from smarty-arsed consultants but relationships with clients.</p>



<span id="more-1795"></span>



<p>The other day Neil Jones, who heads Performance Media at Boots UK posted a question to the LinkedIn community. He asked: “For agency talent, what makes a specific account desirable to work on and how can clients create the right kind of environment where those on the agency side want to work on your business?”</p>



<p>First, all credit to Neil, a client, for asking the question. I have a nasty suspicion that most clients today couldn’t care less whether or not agencies want to work on their business. ‘You don’t like the way we do things? Fine, we’ll just whistle up the next cab on the rank.’</p>



<p>Sadly, there are plenty of cabs offering cut-price travel without mentioning the lack of seatbelts, or even seats.</p>



<p>I grew up in an era where the client / agency relationship was absolutely crucial. One of my first major clients was Kellogg’s. They had a simple principle when it came to working with their agencies. Every new brand manager was given a book to guide him or her in the ‘Kellogg way’.</p>



<p>The first sentence in this book read something like this: ‘It is not your job to fire the advertising agency. It is your job to get the most from the advertising agency.’</p>



<p>Account teams came and went; media executives too (I was once removed from the account at the insistence of a soon-to-be-ex-client for, in my view, standing up for what was right – a long story for another day) but we never in my 14 years with the agency had to re-pitch the business.</p>



<p>The agency wanted to be treated as a valued partner; a large part of this meant an immersion in the client’s business.</p>



<p>We worked shifts in McDonald’s; we went to car manufacturers’ launches for their dealer networks; we happily tasted petfood; we went out with sales teams; we toured factories (BBH’s Audi line, Vorsprung Durch Technik was famously taken by John Hegarty from a factory wall).</p>



<p>None of this was considered strange or limited to the suits; media people, planners, creatives all did this.</p>



<p>We were curious about our clients’ businesses.</p>



<p>They wanted us to be curious about their business.</p>



<p>I’m aware that these posts can sometimes seem to view the past through tinted glasses, or to hark back to a time long gone. And of course, on one level that’s true.</p>



<p>But on another, the desire to understand the client and his business, it is no such thing. Rather the past offers today’s practitioners a roadmap towards better relationships.</p>



<p>From a good relationship comes trust, and vice versa. You really can’t have one without the other.</p>



<p>If today’s agencies could have brought themselves to have the difficult financial conversation around fees with their clients when trust still existed between them, we wouldn’t be in the mess we’re now in.</p>



<p>But no, they chose to ignore the tough discussion, and instead went down a path of obfuscation, hiding behind deal techniques and more latterly technologies, using a language that no-one even pretended to understand.</p>



<p>Out of confusion comes margin, as GroupM’s one-time President Irwin Gotlieb is rumoured to have said.</p>



<p>In a culture of everyman for himself, of caveat emptor, and of media pitches so regular that it’s newsworthy when they don’t happen, the massive benefit that comes from a strong relationship has gone missing.</p>



<p>You can blame who you like: agencies blame procurement (for calling them out presumably), clients blame agencies, everyone blames holding companies.</p>



<p>But the fact remains the industry is short on trust and relationships. We’ve lost the ability to speak openly and honestly to each other.</p>



<p>We are missing the understanding that we’re all on the same side, a feeling that led The Coca Cola Company inviting their media agency partners (note the word) to attend their global marketing convention held over several days in Atlanta. At this event we were called up on stage together for a Q&amp;A and asked, with no prior notice: ‘What can we do to make us a better client?’.</p>



<p>And after we had all come up with some platitude or other, one of the agencies (not me I wouldn’t have had the nerve) replying: ‘Well, you can stop stealing our staff for a start.’</p>



<p>Honesty, open-ness, curiosity go a long way.</p>
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		<title>The Wrong Metrics</title>
		<link>https://www.bjanda.com/blog/the-wrong-metrics/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 28 Feb 2024 09:17:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1789</guid>

					<description><![CDATA[This post is made up of elements that have appeared previously on ‘The Media Leader’ in two separate pieces in February 2024 For some while now the industry has faced a problem with its basic metrics. I say ‘faced’ although the truth is we haven’t faced up to the issue at all, doing that curious [&#8230;]]]></description>
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<p><strong><em>This post is made up of elements that have appeared previously on </em></strong><a href="https://the-media-leader.com/"><strong><em>‘The Media Leader’</em></strong></a><strong><em> in two separate pieces in February 2024</em></strong></p>



<p>For some while now the industry has faced a problem with its basic metrics. I say ‘faced’ although the truth is we haven’t faced up to the issue at all, doing that curious media dance of sticking our fingers in our ears, twirling round three times, clicking our heels, and hoping the problem will go away.</p>



<p>Take share-of-voice, or SoV.</p>



<span id="more-1789"></span>



<p>Understanding competitors’ creative and media activities is a standard feature of every post-campaign evaluation.</p>



<p>Beyond these, SoV is often considered an input to plans.</p>



<p>I’ve never understood this. Planners don’t benefit from magical foresight into competitive plans, so aiming to achieve a certain SoV relies on guesswork.</p>



<p>Plus, SoV is based on available adex or analysable audience data. That made sense when most major brands’ spend was on TV or press where expenditure and exposure data were reliably reported across the industry.</p>



<p>But that is no longer the case. Owned and retail media forms are growing, as are online channels where data is limited / non-existent.</p>



<p>So, share-of-voice is based on data from media forms that no longer represent the majority of a brand’s communication activities. Drawing conclusions from it can be highly misleading.</p>



<p>It makes more sense to examine activity from the other end of the telescope; moving from what’s transmitted to what’s received.</p>



<p>The IPA has recognized the importance of owned media and has worked with MESH Experience on why owned channels are important and how to create tools to measure them.</p>



<p>This allows brand owners to assess the relative importance of all communication channels – from paid-for advertising through retail media to owned websites, vehicles or clothing.</p>



<p>MESH has created the Experience Impact Score (EIS) for all brands within a category. EIS uses data on what’s received, and what’s noticed providing planners with something complimentary to impressions-based audience data.</p>



<p>A classic use case for SoV is in setting budgets.</p>



<p>Back in the last century, Carat created a tool called ‘Budget Bearings’, the brainchild of their resident genius, Phil Gullen. The idea was to gather as many pieces of information relevant to the task of budget setting as possible and plot them within the tool. The more information, or points of reference the better in plotting an accurate position.</p>



<p>Budget Bearings relied primarily on output measures, calculated from available data, like share-of-voice.</p>



<p>Marketing then was seen as a cost with few long-term business success metrics attached to it.</p>



<p>Slowly we’re starting to win the argument that building brands through marketing and advertising is an investment, not a cost.</p>



<p>This shift should be reflected in the way budgets are set.</p>



<p>Setting budgets around an output metric like reach or SoV is no longer sufficient at a time when we have access to so much more.</p>



<p>Basing financial recommendations around concepts the industry either does not measure across all channels or can’t define makes no sense.</p>



<p>We need to learn FD-speak, and to be precise and consistent. Most FDs are neither familiar nor impressed by the metrics used within planning and buying.</p>



<p>We buy audiences because the number seeing and noticing the advertising is connected to financial results.</p>



<p>But audience data is a stepping stone to the destination, not the destination itself.</p>



<p>We should make more use of modelling, taking in all communication channels, advertising and non-advertising (given the upside that marketing budgets are by definition larger than ad budgets).</p>



<p>My Crater Lake colleague, Co-Founder of the analytics business <a href="about:blank">NavigationME</a>, David Beaton makes the point that in over 20 years building brand models, most underspend against their market opportunity.&nbsp;</p>



<p>David believes this is because of a lack of reliable, accurate, consistent tools not only to measure this underspend, but also to predict and optimize the effect of any increases.</p>



<p>Many econometric and market mix models limit themselves to paid-for media forms and look backwards, using limited inputs. Many don’t consider consumer research data, as if how consumers think has no impact on what they eventually do.</p>



<p>David’s advice to anyone considering modelling to justify budgets is:</p>



<ol type="1"><li>Build models that cover a holistic list of factors that drive or suppress sales. Not only paid media, but also earned and owned; and baseline factors important to the category and brand.</li><li>Any statistical model has to demonstrate accuracy by aiming to explain over 90% of variation in sales over the last three years. This will help persuade the CEO and FD and reduce the risk of misattribution and poor outcomes.</li><li>The model must be able to use optimization and simulation to estimate the gains to be had from budget increases. These models typically yield a diminishing return curve; as spend increases, incremental sales lift falls. At some point, any further spend increase yields no sales increase at all; this is where marginal benefit equals marginal cost.  Given the current situation, this is the maximum level of sales that marketing communications can drive. This is not the same as &#8216;maximizing marketing RoI&#8217;. In optimized campaigns marketing RoI falls as spend increases, so maximum RoI happens at low spend levels; chasing marketing RoI leads to lower budgets.</li><li>Combine both prediction and optimization at different spend levels. As spend increases, the channel mix should change, as different channels have different effect curves.</li><li>Test alternatives. Work your way up the spend curve over time; controlling for both your own spend risk and factoring in likely competitor reaction.</li></ol>



<p>Agencies like to believe they can do anything. But they’re hardly channel neutral. They see advertising as the solution to any question. If you call in a plumber, he’ll find you a leak.Predictive modelling is a specialist area, like creating great copy.</p>



<p>When all anyone had was output data, the agency could plot the position.</p>



<p>Now we have storms, choppy seas, and an under-equipped boat. It’s not the weather to be out with amateurs.</p>
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		<title>Politics in Measurement</title>
		<link>https://www.bjanda.com/blog/politics-in-measurement/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 01 Feb 2024 11:55:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1784</guid>

					<description><![CDATA[Opening one of the sessions at last November’s asi Conference in Nice, Richard Marks (who, with Mike Sainsbury does a sterling job putting the event together each year) made the point that he has never known a time when the politics of measurement is so all-pervasive. He’s right – and it is disturbing. The job [&#8230;]]]></description>
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<p>Opening one of the sessions at last November’s asi Conference in Nice, Richard Marks (who, with Mike Sainsbury does a sterling job putting the event together each year) made the point that he has never known a time when the politics of measurement is so all-pervasive.</p>



<p>He’s right – and it is disturbing.</p>



<span id="more-1784"></span>



<p>The job of any advisor must be, first and foremost to do the best for his or her client. ‘The best’ doesn’t mean simply telling the client what he or she wants to hear, nor is it ignoring the harder road in favour of the short-cut.</p>



<p>And yet this happens increasingly often, even within what was the hermetically sealed world of audience measurement.</p>



<p>Delivering ‘the best’ involves honesty and integrity.</p>



<p>Take the issues over the years of the social media platforms. I don’t believe anyone seriously believes some of the audience measurement claims made by the largest players. No-one really thinks that a 1 or 2 second commercial message can do anything beyond the most basic reminder job. No-one believes that campaigns using social media channels aren’t influenced, for good or ill by brand messages appearing outside the magic SM circle.</p>



<p>No-one believes these things because of experience – all the evidence we’ve accumulated over the years.</p>



<p>So why do we seriously even consider that these things might be true?</p>



<p>It’s a combination of FOMO (fear of missing out) and the attraction of big numbers which are neither properly explained nor fully understood by so many of those doing the buying.</p>



<p>It’s an updated version of what used to be known as ‘Chairman’s Wife Syndrome’. As in: ‘The Chairman’s wife reads the Daily Mail religiously, we need to advertise there. I don’t give a fig for targeting, numbers, cost, effect – just do what I ask’.</p>



<p>Now we have ‘CFO Syndrome’. As in: ‘Don’t give me all that fluffy research theory, just look at the humungous numbers those nice people at the platforms have given me and place the order’.</p>



<p>Take an initiative like ISBA’s Origin, of which I’m known to be a fan.</p>



<p>Forget the politics for a moment and consider what the industry needs.</p>



<p>In an increasingly complicated world, a missing piece is for a cross-media (cross-media, not cross-video, or cross-platform) measurement framework to help in decision making.</p>



<p>Audience measurement has always been paid for by the seller.</p>



<p>No seller can be expected to fund a measurement system over which he does not exercise control.</p>



<p>The major beneficiary from a cross-media system is the advertiser.</p>



<p>Thus, the advertiser should fund any cross-media system.</p>



<p>Put all of these factors together and what you have is Origin.</p>



<p>So why is it so controversial, such an issue for existential debate and discussion? Is it because of concerns over how best to undertake the project? I don’t think it is.</p>



<p>The reason is politics, and an ideology that hates anything that cannot be controlled and is thus perceived to be a risk.</p>



<p>Whether it’s right or wrong long-term, the feeling exists that we can’t support any innovation in case the short-term results might not suit us.</p>



<p>This is narrow thinking undertaken by those who have the answer before the question has been asked.</p>



<p>The <a href="https://www.bjanda.com/blog/the-post-office-lessons-in-media/">last Cog Blog</a> was about lessons from the Post Office scandal. One is the danger of believing what you want to be true, regardless of expert advice: ‘The computer system in which we invested millions is robust; now what’s the question?’</p>



<p>The best experts stand up to generalists; the best generalists know they need and can benefit from experts.</p>



<p>If the people who largely fund the paid-for ad industry decide that however hard it might be to deliver, what’s needed is a system to help them  and their advisors to decide between different channels, including in due course non-advertising channels, then it’s the expert’s job to make sure that such a thing is delivered brilliantly.</p>



<p>It’s the difference between ‘we shouldn’t do this because we’re concerned with the immediate commercial implications’ and ‘we need to do this, it’s the right, long-term thing to do; the only question is how to do it as well as possible’.</p>



<p>We should support research that helps us do a better job building brands.</p>



<p>Whatever the politics.</p>
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		<title>The Post Office: Lessons in Media</title>
		<link>https://www.bjanda.com/blog/the-post-office-lessons-in-media/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 Jan 2024 09:05:45 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1780</guid>

					<description><![CDATA[One of the unintentionally hilarious things about LinkedIn is the number of earnest posts telling us all what we can learn from this event or that occurrence. ‘5 Things Every Marketer Should Take From King Charles’ Coronation’. The fact that I feel the need to explain I made this up says it all. The last [&#8230;]]]></description>
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<p>One of the unintentionally hilarious things about LinkedIn is the number of earnest posts telling us all what we can learn from this event or that occurrence. ‘5 Things Every Marketer Should Take From King Charles’ Coronation’. The fact that I feel the need to explain I made this up says it all.</p>



<span id="more-1780"></span>



<p>The last few weeks in the UK has produced a story media people and marketers can for once actually learn from.</p>



<p>This is the saga of The Post Office. For overseas readers, hundreds of postmasters and postmistresses, the people who run our local post offices found themselves accused by their bosses at HQ of fiddling the books. In fact, they had done no such thing – the fault was within a new computer system installed in-branch by Fujitsu and believed as gospel by Post Office Headquarter Managers.</p>



<p>The result has been devastating. Many local postmasters/mistresses have lost their jobs, their savings, their houses, their sanity, their freedom (some went to jail). Some even lost their lives.</p>



<p>And all because of glitches within a central computer system.</p>



<p>In 1999, ‘Computer Weekly’ broke the story. ‘Private Eye’ followed it up with regular lengthy and well-researched articles. ‘The Daily Mail’, ‘The Daily Telegraph’, ‘The Guardian’, ‘The Times’ and I expect others all covered the unfolding scandal. Although maybe <a href="https://www.theneweuropean.co.uk/fleet-street-ignored-post-office-scandal/">not as frequently as they might have done</a>.</p>



<p>The BBC ran both TV and radio programmes dedicated to this; the main news bulletins carried updates.</p>



<p>There was some debate in Parliament, calls for compensation, and an enquiry has been grinding its way through the facts, but progress is slow.</p>



<p>This has been going on for more than 20 years.</p>



<p>The story was out there in other words, but it didn’t catch.</p>



<p>And then just after Christmas, ITV broadcast a 4-part drama streamed across the week called ‘Mr Bates Versus the Post Office’. It told the true story of several victims of this injustice and starred Toby Jones, Monica Dolan and Julie Hesmondhalgh. All good actors, known here but not particularly well-known internationally. ITV scheduled and promoted the series most effectively.</p>



<p>The drama ran and suddenly things happened. After years of inactivity the postmasters and postmistresses are being pardoned and compensated. It’s been all over our papers for days; it’s been debated in Parliament; things are at last moving.</p>



<p>‘Computer Weekly’ today has 200,000 subscribers to its online magazine. Back in 1999 it no doubt had fewer.</p>



<p>‘Private Eye’ circulation has been growing and is now about 250,000, so maybe 750,000 to 1 million readers. In 1999 it no doubt didn’t have as many.</p>



<p>I believe the ITV drama pulled in around 7 million viewers live. Including time-shifting and streaming that’s risen to between 12 and 13 million.</p>



<p>The point is these are not huge numbers in the Facebook, TikTok and Google era. Numbers aside, the drama made things happen.</p>



<p>There are lessons to be learned.</p>



<ol type="1"><li>TV is still supreme at telling a story, at creating empathy amongst millions, all at once. This simply wouldn’t have happened anywhere else. Social media can amplify the story, but nothing beats TV for empathy and impact.</li><li>The TV drama would I strongly suspect never have been made without the work of many print-based journalists. Good old-fashioned journalism made this happen.</li><li>Computer systems aren’t always right, but if enough senior generalists believe what they say, despite caveats from the specialists it’s easier to believe them than question the output.</li><li>The biggest numbers do not guarantee the greatest effect.</li></ol>



<p></p>



<p>Marketers and their agencies have poured money into social media using automated techniques that are prone to fraud and unfortunate placements.</p>



<p>Many talk of brand safety, and cry tears over a <a href="https://www.bjanda.com/blog/whats-it-got-to-do-with-us/">young girl taking her own life because of peer pressure</a> allowed by the likes of Instagram. But they carry on spending on these channels.</p>



<p>They’re told of fraud and largely ignore it. Admitting an expensive media placement error has consequences.</p>



<p>Advertiser and agency initiatives designed to benefit society proliferate. Green packaging; less sugar and salt; more inclusive and diverse workforces; electric vehicles; media schedules that take account of carbon emissions. All good of course.</p>



<p>But as I said in <a href="https://www.bjanda.com/blog/whats-it-got-to-do-with-us/">October 2022</a>: ‘When it comes to where they advertise, as opposed to what they advertise (marketers all too often) look the other way’.&nbsp;They see the huge numbers and look no further.</p>



<p>Meantime broadcasters haemorrhage ad revenue and <a href="https://www.theguardian.com/media/2024/jan/07/channel-4-plans-deepest-job-cuts-in-over-15-years-after-tv-ad-slump">subsequently cut programme budgets</a>. Drama is expensive so expect less of it.</p>



<p><a href="https://the-media-leader.com/how-to-map-media-quality-for-physical-and-mental-measures/">Some, like EssenceMediaCom</a> are starting to consider how consumers perceive media forms, and how that perception impacts results.</p>



<p>Regulated media held to account for their actions are generally brand safe and impactful. I suspect (although I haven’t seen the EssenceMediaCom work in full) that such channels are also perceived positively by consumers, which increases the impact of the ads appearing on them.</p>



<p>We should continue to encourage advertisers to look beyond misleading numbers.</p>



<p>We should question computer generated schedules, to ensure our plans consider context and impact, quality and effect.</p>



<p>We should actively support media forms that are regulated, measured and accountable, and are committed to bringing the truth to the audience.</p>



<p>Not just for philanthropic purposes but because this stuff works.</p>



<p>There’ll always be rogues but sometimes the good guys win.</p>



<p>But to win they need to be supported.</p>
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		<title>When Reality Meets Marketing &#8211; A Cautionary Tale</title>
		<link>https://www.bjanda.com/blog/when-reality-meets-marketing-a-cautionary-tale/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 07 Dec 2023 13:54:15 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1776</guid>

					<description><![CDATA[Full Disclosure: I am a Non-Exec Director of MESH, mentioned here. In his speech to this year’s MRG Conference Phil Smith, DG of the UK advertiser association, ISBA made the point that advertising isn’t quite as powerful a force as its creators like to think. Phil quoted my old mentor, Simon Broadbent who said: ‘Advertising [&#8230;]]]></description>
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<p><strong><em>Full Disclosure: I am a Non-Exec Director of MESH, mentioned here.</em></strong></p>



<p>In his speech to this year’s MRG Conference Phil Smith, DG of the UK advertiser association, ISBA made the point that advertising isn’t quite as powerful a force as its creators like to think.</p>



<span id="more-1776"></span>



<p>Phil quoted my old mentor, Simon Broadbent who said: ‘Advertising is, to the chagrin of many advertisers, rather a weak force whose effects are often hard to see.’</p>



<p>Even the best advertising struggles against the headwind generated by a poor consumer experience. The work of MESH and the IPA to stress the power of total brand experiences, including owned media channels is timely.</p>



<p>Too many business leaders don’t join the dots. They assume that the act of communicating certain values via glossy ads somehow absolves them from the responsibility of living those values every day.</p>



<p>Direct Line car insurance is one of the UK’s better known marketing success stories.</p>



<p>From the iconic red telephone to more recent commercials featuring Winston Wolfe the company’s ads are well-crafted and well-known.</p>



<p>Furthermore, they have been at the forefront of paid media effectiveness analytics, championed by Sam Taylor.</p>



<p>But inevitably real life and marketing promises collide, and so at this point I’m going to revert to a personal tale of a man, his wife and their insurance company.</p>



<p>My wife and I both have a car. For convenience we use the same insurance company.</p>



<p>A few years ago, the company we both insured with was acquired by Direct Line Group. We didn’t notice – until the price of our policies went up, lots.</p>



<p>We decided to move to a small company called By Miles who track the miles you drive, and (in part) charge by the miles driven (neither of us does many miles).</p>



<p>By Miles was a disruptor. They did things differently to my earlier insurers. For one thing they answered queries. They had a handy app to record the miles driven. They were friendly and didn’t use chatbots. They were rather fun (if an insurance company can be fun).</p>



<p>They talked on their site of their values – or virtues.</p>



<p>Then By Miles was acquired by Direct Line Group. All will continue as before we were told.</p>



<p>Not quite. Talk of virtues seemed to vanish for a start.</p>



<p>Then By Miles informed me that they could no longer insure my car, a year-old hybrid, bought new, with a factory fitted immobiliser, an added tracker and a bright yellow steering wheel lock.</p>



<p>Nothing had changed at my end. I’m in the same house. I haven’t added any new drivers. I haven’t had any convictions nor any accidents. I’ve not made a claim.</p>



<p>So why was my cover cancelled with three weeks’ notice? No-one seemed to know, beyond blaming anonymous underwriters and hiding behind the ‘we’re only a small company’ schtick which given the Direct Line acquisition isn’t even true.</p>



<p>As a consumer my relationship is with the insurance company. If a third party like an underwriter decides not to cover a make or model, I feel their concerns should be explained to those impacted, or even made public in the interest of encouraging harder-to-steal or safer cars?</p>



<p>My enforced search threw up about 100 companies prepared to insure my car. It’s clearly not that weird. The only ones I found that refused me were Direct Line Group companies.</p>



<p>Naturally nobody has to do business with anyone. Any company has to consider multiple risk factors, but I would contend that this is when good communication minimises brand harm. I’m sure anonymous underwriters couldn’t care less about such things, but consumer-facing businesses like insurance companies should.</p>



<p>We decided to cancel my wife’s By Miles policy and explain why (it’s just easier to deal with one company). This certainly caused a reaction, primarily of surprise. Why would I do such a thing?</p>



<p>I wrote personal emails to the leadership team at Direct Line Group asking them to explain why I had been cancelled. Maybe I shouldn’t consider that marque of car again?</p>



<p>Zero reply from anyone – not even those with ‘Customer Relations’ in their job title.</p>



<p>The (comparatively new) By Miles CEO and CMO didn’t bother replying either.</p>



<p>The By Miles service team did forward my concern to their complaints team. I was promised a response within 72 hours. That was on November 20<sup>th</sup>, and there’s been nothing.</p>



<p>Direct Line has spent years building their reputation, through their marketing efforts. It took minutes to destroy it, certainly through the opaque underwriter system but also by not using their owned media channels well (or indeed at all).</p>



<p>I’m not arrogant enough to claim I’m any kind of influencer when it comes to which insurance company anyone should use.</p>



<p>But I know I won’t be using any Direct Line brand again – however good their advertising and however much I admire Sam Taylor’s work.</p>



<p>Direct Line’s 2022 Annual Report states:</p>



<p>“Our mission is to be brilliant for customers every day. Our vision is to create a world where insurance is personal, inclusive and a force for good. Our purpose is to help people carry on with their lives giving them peace of mind now and in the future.”</p>



<p>It goes on: “The Group’s financial results fell below expectations in 2022&#8230;&#8221;</p>
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		<title>Feeding the Monster – The Tyranny of Big Numbers</title>
		<link>https://www.bjanda.com/blog/feeding-the-monster-the-tyranny-of-big-numbers/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 22 Nov 2023 10:27:18 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1772</guid>

					<description><![CDATA[Earlier this month I chaired the advertising session at the annual asi video and audio measurement conference in Nice. This post is based on my opening remarks. This session is all about looking at the world of audience measurement from an advertising, and advertiser perspective. I believe we are fast approaching a tipping point. We [&#8230;]]]></description>
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<p><strong><em>Earlier this month I chaired the advertising session at the annual asi video and audio measurement conference in Nice. This post is based on my opening remarks.</em></strong></p>



<p>This session is all about looking at the world of audience measurement from an advertising, and advertiser perspective.</p>



<p>I believe we are fast approaching a tipping point. We have for years inhabited a world within which the most important, some would say the only thing that mattered was how many ‘somethings’ you bought, and at what price.</p>



<span id="more-1772"></span>



<p>This was the world of trading; the world where the biggest number always wins; the world where ‘big’ beats ‘precise’ every time.</p>



<p>How else to explain the US upfront system? Or the preference (again in the US) for programme ratings as the trading metric as opposed to audiences to commercials?</p>



<p>How often do we see ‘oh but it generates clicks’ as a justification for some inane piece of editorial content? Why does that matter? Because in the heads of Publishers and Editors click volume equals advertising revenue. They’re not wrong, but they should be.</p>



<p>There can only be one reason for this obsession – a fear that numbers may go down and that if they did ad revenue would consequently and inevitably decline.</p>



<p>&nbsp;Never mind that what we’re buying is commercials, and what we’re measuring is programmes. Never mind that clicks hardly correlate with business success.</p>



<p>Big is good, we must feed the monster even if all logic suggests that it’s irrational to do so.</p>



<p>Why else do we continue to focus on metrics like ‘views’ even though the way we define what constitutes a view varies from channel to channel?</p>



<p>Why does the industry ignore ad fraud within programmatic buying even though everyone knows it happens at scale? Because fraudulent clicks mean bigger numbers and bigger numbers are good.</p>



<p>The truth is that all of these things get us big numbers – even though they’re demonstrably questionable as well as being of limited (at best) pragmatic use in meeting our clients’ goals.</p>



<p>We’re now moving into a world where why things work matters as much as what works.</p>



<p>A world where it is not only legitimate but increasingly popular to question any association between the most basic audience metrics and business effect. To what degree do outputs impact outcomes?</p>



<p>A planners’ world defined by a desire to understand how people consume media, not just how many of them do so.</p>



<p>A world of combinations, of searching for the best mix of communication channels to meet a defined objective.</p>



<p>A world where we look beyond narrow advertising-funded channels to consider owned media forms, earned exposures, and formats like in-game, or in-programme product or message placements.</p>



<p>In this world, cross-media measures matter. And if I may put in a plea to many in this room, cross-media is not the same as cross-platform, or cross-video despite what you might hear from some speakers on this platform. Words matter, definitions matter and if we can’t rely on the professional research community to speak accurately then we’re in a bigger mess than I thought.</p>



<p>If we’re to plan in a truly cross-media manner, then we need the vision of Origin and similar initiatives. That’s not the same as saying everyone has to agree with every detail, but it does mean a belief that the vision is worth striving towards.</p>



<p>I think the opposition we’re seeing to Origin (specifically from broadcasters) is misplaced; it’s backward-looking, narrow and rooted in the old trader mentality.</p>



<p>Much more importantly, it does the broadcasters themselves no favours. They’re in an immensely strong position as an impactful, brand-safe, flexible medium, <a href="https://the-media-leader.com/impact-and-effectiveness-be-more-ben-stokes/?utm_campaign=The%20Media%20Leader%20Daily&amp;utm_medium=email&amp;_hsmi=283296134&amp;_hsenc=p2ANqtz-89WlGGMjU8ibedCy3j1jXF3OyH39kYbWVxhqWgqCfRr6CossOJbLbSRWhd5g_dhNYBe5LV4p8aqT81YUdvbffmeByM9g&amp;utm_content=283296134&amp;utm_source=hs_email">a point made very well by Nick Manning this week in The Media Leader.</a> Further they have a large body of evidence pointing to the medium’s success in building brands and businesses.</p>



<p>They are far better off inside the tent where they can ensure that any cross-media system develops in a way that benefits them by bringing their strengths into play.&nbsp;</p>



<p>I’m encouraged by the number of large advertisers embracing the world of planning. They want to move forward to understand not only what works but why. That way they can focus on what works.</p>



<p>I’ve never understood the ‘you’re either for us or against us’ mentality. Promoting tools and techniques to help planners doesn’t mean stopping measuring audiences.</p>



<p>Audience measurement by channel is, as it has always been, essential. Its a crucial building block in measuring advertising effectiveness. It’s not, and if truth be told it’s never been the whole house.</p>



<p>Relative newcomers, like the attention measurers, the smart TV manufacturers, the neuro-scientists all provide blocks – some big, some small.</p>



<p>We certainly need to be careful not to throw the baby out with the bathwater, but even the most carefully filtered bathwater needs refreshing occasionally.</p>
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		<title>Passing the Measurement Buck</title>
		<link>https://www.bjanda.com/blog/passing-the-measurement-buck/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 Oct 2023 13:06:15 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1768</guid>

					<description><![CDATA[This post is based on an article in The Media Leader published on 23rd October 2023 I didn’t go to Adwanted’s ‘The Future of Media’ event the other week – it seems inappropriate for an old guy who started his career in the full-service era to attend anything with ‘future’ in the title. As one [&#8230;]]]></description>
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<p><strong><em>This post is based on </em></strong><a href="https://the-media-leader.com/how-measurement-became-a-dirty-word/"><strong><em>an article in The Media Leader</em></strong></a><strong><em> published on 23rd October 2023</em></strong></p>



<p>I didn’t go to Adwanted’s ‘The Future of Media’ event the other week – it seems inappropriate for an old guy who started his career in the full-service era to attend anything with ‘future’ in the title. As one delegate put it: “This is The Future of Media, not the future of 1980s ad agencies.”&nbsp;</p>



<span id="more-1768"></span>



<p>But, and there’s always a but, it does no harm to learn from past mistakes.</p>



<p>And here’s one waiting to happen: “Ultimately, the room appeared to agree in principle on redefining the importance of measurement”.</p>



<p>What’s wrong with that? Surely measurement is key?</p>



<p>Indeed, it is, as I should know better than most. Early on I worked in an ITV station’s research department. Later, I headed the media research function at an ad agency and sat on both technical sub-committees and management committees at various JICs. And I was responsible, with Dr Simon Broadbent in persuading the TGI to add what we called ‘lifestyle questions’, developed as a proprietary Leo Burnett study, to the industry survey where they sit to this day.</p>



<p>If there was a Media Mastermind (actually there was such a thing once) my specialist subject would be: ‘audience measurement initiatives I have known’.</p>



<p>So why am I saying the consensus that we need to ‘redefine the importance of measurement’ is wrong?</p>



<p>Because it’s passing the buck. It’s easier and far more politically acceptable for those leading agencies to blame ‘measurement’ than it is to talk about failures in transparency in trading, acceptance of fraud, and the end result – a lack of trust.</p>



<p>Instead let’s talk about measurement in the certainty that we’re kicking the can down the road.</p>



<p>Agencies have form when it comes to talking big on measurement.</p>



<p>Years ago, some decided that the TGI was both essential and too expensive. They decided to group together to produce their own superior version. That went precisely nowhere (with apologies to Jim Kite at UM who did actually do something about it for a few years).</p>



<p>Then the agencies decided to group together and start something through the IPA. Luckily for them the IPA Head of Research back then was the brilliant Lynne Robinson who came up with Touchpoints.</p>



<p>This it was agreed was a great idea and to keep it untouched by vendor biases it would be funded by the agencies. That did happen for (I think) one cycle. Touchpoints is still a great idea but it’s no longer the agencies’ great idea.</p>



<p>On the vendor side, what about the sterling efforts of the media marketing agencies – Thinkbox, Radio Works, Magnetic, Newsworks?</p>



<p>They’ve certainly done excellent work over the years – but how much of their output and findings have translated into how media is traded?</p>



<p>Observe the reaction to ISBA’s Origin – an initiative that moves the ball forward both in its scope and ambition and in how it’s funded.</p>



<p>Are the buyers and sellers behind it, supporting their clients? With a few notable and it must be said significant exceptions the reaction has been rather disappointing. The broadcast vendors seem to want nothing to do with it and the agencies (ironically) moan on about how long it’s taking.</p>



<p>As if creating and delivering a new planning tool from nowhere is something that can be done in the odd lunch-hour.</p>



<p>In a couple of weeks, I’ll be on stage chairing the advertising session at the annual asi audience measurement conference, widely recognised as the best of its type. The future of measurement will, as always, be very much front and centre. How many agencies and advertisers will attend to contribute to the debate? Very few.</p>



<p>‘After Cannes we have no budget left’ is the typical agency response. Which is more important? Hobnobbing with clients or contributing to improving measurement? The answer of course is both – yet one seems more important to the guys running agencies than the other.</p>



<p>Finally, what about effectiveness measures? <a href="https://the-media-leader.com/manning-the-anas-media-transparency-redux-and-the-need-for-more-honesty/">Nick Manning has argued convincingly</a> that that’s where the future lies, and I agree with him. But who’s going to drive such initiatives? Surely the agencies, as unbiased professional advisors should take the lead.</p>



<p>But as we all know the agencies aren’t trusted, <a href="https://www.bjanda.com/blog/the-future-for-media-agencies/">nor are they seen as fit for future purpose.</a> If your holding company looks the other way whenever transparency, or fraud is discussed, why trust them with accessing and analysing your proprietary data?</p>



<p>There are certainly ways for agencies to lead their clients in commissioning and applying effectiveness measures. They can also do a lot of pragmatic things to regain trust, which really should be their number one task.</p>



<p>I’m afraid showing up to an event and throwing a hospital pass to under-resourced research guys isn’t the answer.</p>



<p>Especially if the kernel at the heart of your ambitious plan for the future is to change the description from ‘measurement’ to ‘impact’.</p>
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		<title>The Future for Media Agencies</title>
		<link>https://www.bjanda.com/blog/the-future-for-media-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 12 Oct 2023 08:57:02 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1764</guid>

					<description><![CDATA[I did consider titling this post ‘The Future of Agencies?’ With a question mark. As in: ‘Is there one? But on reflection I settled on the above. There is a future, but my old friends and colleagues need to get their skates on. Last month Sir Martin Sorrell was at DMexco being interviewed by Ralph [&#8230;]]]></description>
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<p>I did consider titling this post ‘The Future of Agencies?’ With a question mark. As in: ‘Is there one? But on reflection I settled on the above. There is a future, but my old friends and colleagues need to get their skates on.</p>



<span id="more-1764"></span>



<p>Last month Sir Martin Sorrell was at DMexco being interviewed by Ralph Simon, the CEO of the mobile consultancy business Mobilium.</p>



<p>Here’s what SMS had to say about the future of media agencies:</p>



<p>“My view is that the media planning and buying organisations that we see in the six agency holding companies probably employ about 200,000 – 250,000 people. They will not all be employed there …. even in two years’ time.”</p>



<p>Sorrell was the pioneer of media agency mini-holding groups, in his case GroupM, whose original reason for being was volume and volume deals.</p>



<p>I have an SMS quote from 15 years ago, when he opined that media agencies were entering a new era of ‘brain, not just brawn’. It’s been a while coming, the lure of high margins was just too great, but better late than never.</p>



<p>Media agencies grew up as buyers first and foremost. Clients referred to them as media buying agencies – many still do.</p>



<p>Planning was an after-thought, the front-of-house people designed to get you in the door. Once safely inside you were escorted to the smoke-filled, windowless room at the back where the deals were done. Truth is, you came for the deals, and everyone knew it.</p>



<p>Times change, today the opportunity is all about understanding audiences and turning that understanding, those insights into practical actions.</p>



<p>Buying the right thing beats taking on any old cheap tat.</p>



<p>Or it should do. There are still some dinosaurs around the industry, talking of share deals, cheap CPM’s, optimising clicks, using words like ‘views’ and ‘viewability’, ‘attention’ and ‘attribution’ without really knowing what they mean.</p>



<p>It’s an understandable confusion; if you ask 10 agencies for their definition of (let’s pick one at random) ‘attention’ you’ll get at least 15 different answers.</p>



<p>We don’t know what we mean ourselves, so why should our clients?</p>



<p>What we’re seeing today is the painful (re)birth of the planning era, an era defined by insights and creativity, not audits and CPM’s. The dinosaurs will die out, or at least retire comfortably, still raging against the platforms, and advertiser research initiatives whilst their ex-employers’ revenues drift away.</p>



<p>Their old allies the buying agencies are of little use. They have been hollowed out. A combination of a lack of trust, the giant platforms going direct to their advertisers, and a lack of real training in creativity as opposed to media technology has done this to them.</p>



<p>They’re understaffed, their margins aren’t what they were in the golden era before some busybodies and know-it-alls invented transparency and the large groups are in ‘deal hock’ to the major vendors.</p>



<p>They have little to say, few opinions about the issues of the day for fear of upsetting some corporate applecart somewhere.</p>



<p>They’re fast in danger of becoming irrelevant.</p>



<p>But there is hope.</p>



<p>Advertisers need help with navigation. There has never been a more complicated media scene and we’ve never had more data to help in the navigation. Data that can be insightful, or highly misleading.</p>



<p>Advertisers know this. <a href="https://the-media-leader.com/one-in-10-brands-say-current-agency-model-fits-future-needs/">Last week’s WFA and MediaSense research</a> indicates that 24% say their media agency model is ‘unfit for their future needs’. Just half that number (11%) say their agency does meet their future needs.</p>



<p>The best agencies are full of bright people who between them combine the creative with the technological.</p>



<p>The rest are full of people terrified of making a mistake, whose horizons are defined not by doing the best for their clients but by keeping their superiors’ deals in line.</p>



<p>The best love the challenge of working with ambitious, risk-taking clients.</p>



<p>The rest settle for an easy life and simple solutions.</p>



<p>The best embrace accountability and search for innovation in modelling effect.</p>



<p>The rest look to control and bend results to their end-benefit regardless of validation or accuracy.</p>



<p>The best form a close bond with their clients and have no difficulty arguing for and justifying higher fees.</p>



<p>The rest cut client fees to win the business and moan about it for evermore, whilst finding ways to top up their revenue from suppliers.</p>



<p>The best create innovative plans, and find a way to execute.</p>



<p>The rest subcontract ‘planning’ (more accurately, allocation) to vendors, and post-rationalise what they’re fed back.</p>



<p>The best will survive and thrive; the rest will be replaced by machines and algorithms.</p>



<p>There’s certainly a bright future, as long as the agencies replace the rest with the best.</p>



<p>The ball is with them.</p>
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		<title>Something Lost Along The Way</title>
		<link>https://www.bjanda.com/blog/something-lost-along-the-way/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 21 Sep 2023 11:41:40 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1759</guid>

					<description><![CDATA[I come from a generation that grew up professionally in full-service ad agencies – where everything, including creative, planning, media, even in some cases packaging and market research was all done under the one ad agency roof orchestrated by account people. I mention this as the concept of integration of media with creative is hardly [&#8230;]]]></description>
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<p>I come from a generation that grew up professionally in full-service ad agencies – where everything, including creative, planning, media, even in some cases packaging and market research was all done under the one ad agency roof orchestrated by account people.</p>



<p>I mention this as the concept of integration of media with creative is hardly new. It’s where we started.</p>



<span id="more-1759"></span>



<p>Back then, ad agency Media Directors argued for greater recognition within the agency, and when that didn’t happen several entrepreneurial characters took their ball away and started what were then called media independents.</p>



<p>The premise back then was simple. We only do media; we’re more invested in the subject and thus we do it better. Furthermore, we don’t waste money on agency fripperies and so we’ll deliver great value for money via better prices and lower fees.</p>



<p>Somewhere along the way from then to now we’ve mislaid something. The desire to do great work for clients.</p>



<p>Yes, I’ve read the award entries, but the day-to-day and the award entries rarely align.</p>



<p>It’s no doubt annoying when cynical old gits like me start sentences with the words: ‘In my day…’. So, I apologise to those easily annoyed for what follows.</p>



<p>In my day the client was front and centre. You did great work; you won more business. You won more business; you made more money. You made more money; you hired more and better people. And the world continued to turn.</p>



<p>I have a memory of making a speech like this to a group of my fellow Media Directors and assorted agency luminaries at a Media Circle event in the Channel Islands and being accused by one of my peers of extreme naivety. It was naïve of me to expect to get out of there alive, that’s for sure.</p>



<p>As I was told in no uncertain terms, clients wanted to pay less, we in agencies needed to make our crust from someone else, and the only option left was deals done with the media owner.</p>



<p>Why not, I asked, make the case to clients for better work and better outcomes being better rewarded? Too hard. Far easier to do media deals and keep the benefits.</p>



<p>No-one talked about it, no-one cared.</p>



<p>Until they did. We all know what happened next, with Jon Mandel, the rush to transparency, the agency sector’s failure to regain client trust, all leading to the mess we’re now in.</p>



<p>This is hardly news. Today the arguments raise eyebrows if not remedial actions.</p>



<p>What is mind-numbingly stupid is the largest agencies are making the exact same mistake again.</p>



<p>This time they’re assuming that no-one cares which ad tech they’re using, which firm they’re cosying up to, what ‘benefits’ they’ve negotiated for themselves, in the same way that they assumed no-one understood enough about ‘media’ to spot agency volume deals.</p>



<p>Only this time it’s worse as there are holding companies’ skirts to hide behind, there’s much talk of ‘privacy issues’, ‘regulatory authorities’, ‘legal niceties’.</p>



<p>Obviously, such things are important but the way these phrases are bandied around is outrageous.</p>



<p>The hope is that clients will lose interest and turn to something else.</p>



<p>But they won’t. These days there are enough well-informed people invested in doing media better. Questions will continue to be asked. Unless the major agencies stop the introspection they’ll eventually self-destruct.</p>



<p>It doesn’t need to be this way.</p>



<p>Clients need agencies more than ever – the world is too complicated not to need specialists.</p>



<p>At a time when it’s easier than ever to get it wrong, they also need agencies to do their best work.</p>



<p>The media agencies have quite enough talented people to do the best for their clients without these people having to spend a second worrying about their holding companies’ demands for ever-higher margins to shore up less successful sibling opcos.</p>



<p>The agencies have lost something along the way; the single-minded focus on doing the best for their clients. And yes they need to demonstrate their value every day to create a world within which they’ll be fairly rewarded.</p>



<p>It was a simple business until it wasn’t and until a few people decided to make money out of complexity.</p>



<p>Something’s been lost, but it’s still out there. Let’s hope we find it before too long.</p>
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		<title>Measuring The Wrong Things</title>
		<link>https://www.bjanda.com/blog/measuring-the-wrong-things/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Sep 2023 13:51:37 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1757</guid>

					<description><![CDATA[A version of this post appeared in The Media Leader on 12th September. The media and advertising world is measuring the wrong things. And &#8211; we may be measuring some of the right things whilst fooling ourselves that what we’re measuring means something it doesn’t. Take a metric like online clicks. On the surface this [&#8230;]]]></description>
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<p><strong>A version of this post appeared in The Media Leader on 12<sup>th</sup> September.</strong></p>



<p>The media and advertising world is measuring the wrong things.</p>



<p>And &#8211; we may be measuring some of the right things whilst fooling ourselves that what we’re measuring means something it doesn’t.</p>



<span id="more-1757"></span>



<p>Take a metric like online clicks. On the surface this is a useful number. If someone clicks on something that surely suggests they’re interested in the thing they’ve clicked, they’ve considered it, decided they want to know more about it, so they’ve clicked.</p>



<p>Except we all know there is more to it. Bots click; people click by mistake; fingers slip; the layout of the page is designed to entrap you into clicking on the wrong thing. And so on.</p>



<p>Yet the myth persists. Ask any Editor. Why run fake, sensationalist headlines? Why the listicles? Because of the number of clicks. And clicks, even fake ones, mean prizes, or at any rate ad revenue.</p>



<p>But why? If a large proportion of clicks are fake, why do advertisers persist in believing the metric means anything?</p>



<p>Take a legacy measure; reach. The percentage of people seeing an ad, right? Except that isn’t what’s measured. At best we’re measuring the opportunity to see an ad, whilst in the USA we don’t even get that close given the focus is on measuring the viewing to the programme and not the ad.</p>



<p>It’s taken a new measurement business, Amplified Intelligence to demonstrate that just maybe reach isn’t what people think it is.</p>



<p>To many consumers, ‘advertising’ means any brand communication. It’s all ‘advertising’.</p>



<p>But most measurement conversations ignore those communication channels the industry doesn’t consider to be ‘advertising’.</p>



<p>Things like in-store displays, delivery vehicles, shop-fronts, events, influencers, word-of-mouth. Most of these are from a measurement perspective routinely ignored.</p>



<p>I worked for many years on the Coca-Cola account. Coke had for decades bought the famous illuminated roundel site on Piccadilly Circus. It must have been at least 25 years ago that we were asked to estimate that site’s reach, not just the traffic past the site over time but to include the number of times it had featured on postcards, in scenes in movies, on tourist maps, in books and articles.</p>



<p>It was a good question. How else could Coca-Cola calculate the true worth of that site?</p>



<p>We struggled; we would struggle now.</p>



<p>In all the talk of integrated communications we have made little progress when it comes to metrics. Yes, the within-a-single-medium metrics like BARB are subject to constant review and improvement, but this is akin to whistling an aria in a thunderstorm, it’s satisfying and impressive to those close by, but to anyone any distance away it’s not even noticed.</p>



<p>We argue about the little things. We become immersed in the politics of measurement and forget the question we’re trying to answer. We’re quick to believe the ‘because we’ve always done it this way’ argument, even if the world around us has changed.</p>



<p>We talk so much about integrated communications and yet we still use share-of-voice which by definition is neither accurate (given what’s measured and what’s not) nor relevant (given what’s included and what’s not).</p>



<p>In a 2014 HBR paper he co-authored, Keith Weed, ex-CMO at Unilever said: “We believe that the most important marketing metric will soon change from “share of wallet” or “share of voice” to “share of experience.” ‘Soon’ is overdue.</p>



<p>We need to update the narrative to take account of all interactions between brand and consumer. The IPA’s work on owned media, its value and where and how it fits into plans is a great start, but for channels to fly they need the jet fuel of measurement.</p>



<p>It’s an uncomfortable truth that many of the metrics we use have failed to keep pace with the communication world we live in.</p>



<p>Advertisers need to measure every experience the consumer has with their brands. Advertisers and their advisors talk endlessly about integrated communications. It’s about time more measured it.</p>
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		<title>Be More Carole</title>
		<link>https://www.bjanda.com/blog/be-more-carole/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Aug 2023 10:47:25 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1753</guid>

					<description><![CDATA[It’s been almost two months since I announced I would be posting fewer Cog Blogs. It was very gratifying to receive so many notes of support for the Cog Blog; thanks to everyone for the kind words and encouragement. Fewer, better, is the idea and so here we go again. This is the first of [&#8230;]]]></description>
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<p>It’s been almost two months since I announced I would be posting fewer Cog Blogs. It was very gratifying to receive so many notes of support for the Cog Blog; thanks to everyone for the kind words and encouragement.</p>



<p>Fewer, better, is the idea and so here we go again.</p>



<span id="more-1753"></span>



<p>This is the first of the less frequent Cog Blog posts. It takes as inspiration a visit I made to the Byline Festival in Devon in mid-July.</p>



<p>I am a supporter of Byline – an investigative site and newspaper and home to some of the best journalism around.</p>



<p>Before anyone has a go – Byline does not accept advertising so what follows is in no way an ad sales pitch.</p>



<p>The highlight of the festival for me was their Editor-in-Chief, Peter Jukes’ on-stage discussion with the journalist Carole Cadwalladr.</p>



<p>For those unfamiliar with Carole, she is best known for exposing the misdemeanours of Cambridge Analytica, and their use of Facebook data to target messages during the 2016 UK Brexit Referendum campaign.</p>



<p>Since then, Carole has been subjected to all kinds of personal and professional abuse and attacks (in the Courts as well as in social media). These have come from all sorts of people, some of whom (like the ex-editor of ‘The Sunday Times’, a newspaper once renowned under a previous editor, the great Harry Evans for its investigative work) you would like to think would understand the value of open journalism.</p>



<p>The point of this is not to enter into some paeon of praise for Ms Cadwalladr but to point out the single-mindedness of the work she does.</p>



<p>You may not agree with Carole who, alongside others, including in our world Bob Hoffman, is concerned at the detrimental effect that social media forms have on open-minded debate and democracy, but agree or not I think we should listen to what media-people-who-are-not-advertising-media-people have to say.</p>



<p>It is easy for an advertiser to justify spending money with the giant online platforms.</p>



<p>The arguments are clear. Yes, there’s a huge audience (even if not quite as huge as some have claimed – given past boasts of reaching more individuals in some demographics than actually exist); yes, it’s easy to do (give them the money and they’ll sort out the mucky details for you); and yes, there’s peer pressure (‘that’s what my competitors are doing. I can’t afford not to be there’).</p>



<p>What is not quite so easy or comfortable is to ask whether as an advertiser you should be supporting certain channels regardless of the impact such channels have <a href="https://www.bjanda.com/blog/whats-it-got-to-do-with-us/">on vulnerable individuals</a> (remember Molly Russell?) and on society as a whole.</p>



<p>When the argument for using this or that channel revolves around support for movements that drive societal good, like sustainability or diversity it’s easy to fall in line.</p>



<p>But what if it’s about supporting those channels who look the other way when it comes to corrupt behaviours; or who ignore abuses of power; or pose a threat to freedom of expression; or whose content promotes lies and falsehoods in order to deceive and mislead?</p>



<p>That’s harder.</p>



<p>I don’t think it’s any longer good enough to say, ‘oh well that’s where the audience is’ (especially if in many cases the audience isn’t even human).</p>



<p>Nor is it acceptable to hide behind the procurement argument (ironically rarely proffered by procurement professionals themselves who tend towards a more holistic view of value): ‘what can you do it’s cheap and we need to satisfy our auditors’.</p>



<p>Nor is it good enough to blame the client. An agency’s job surely is to advise and lead, not to follow instructions blindly. If it were the latter the world would be full of one-second audio commercials and very small posters (‘what do you mean? Look at the audience numbers’).</p>



<p>Great media thinking has always been about putting your client’s messages in those places most likely to drive a return, to which I would add: whilst not supporting fraud, bigotry, hatred and lies.</p>



<p>We have our tools – the research, the technology, the impenetrable systems.</p>



<p>We should add a more holistic view of the media channels we support with our clients’ money.</p>



<p>We should have this debate. Where do we draw the line these days between editorial freedom and responsibility, and advertiser pressure? Far better surely to have a conference about this rather than yet another event on the latest shiny thing.</p>



<p>We don’t have to agree; but we should consider.</p>



<p>We should be more Carole.</p>
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		<title>Keeping On Keeping On: An Announcement</title>
		<link>https://www.bjanda.com/blog/keeping-on-keeping-on-an-announcement/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 06 Jul 2023 08:36:02 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1750</guid>

					<description><![CDATA[Last Sunday, 2nd July was a propitious day. First, and of paramount importance it was our grandson Francis’ 2nd Birthday. Cue cake, toys, family, a few of his friends and much happiness. Less significant is that the day also marked the tenth anniversary of the Cog Blog. The first post was on 2nd July 2013. [&#8230;]]]></description>
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<p>Last Sunday, 2<sup>nd</sup> July was a propitious day. First, and of paramount importance it was our grandson Francis’ 2<sup>nd</sup> Birthday. Cue cake, toys, family, a few of his friends and much happiness.</p>



<p>Less significant is that the day also marked the tenth anniversary of the Cog Blog.</p>



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<p>The first post was on 2<sup>nd</sup> July 2013. You can <a href="https://www.bjanda.com/blog/welcome/#more-10">see it here</a>.</p>



<p>Back then, I was rather airily aiming at a post a week. In fact, in that first week, I posted three, leading Derek Jones then at Mediatel to suggest I spread it out a bit. How right he was.</p>



<p>I haven’t managed to keep to the one a week target – my estimate is that over 10 years I’ve posted about 450 times. Missed target or not, the cogs have been whirring.</p>



<p>Reading some of the old posts (they’re all easily found, archived by year at www.bjanda.com/blog) I’m struck by how optimistic they are, and how short. Over time, like my waistline they’ve expanded.</p>



<p>They’ve also got angrier.</p>



<p>When I started my career in the late 1960’s I was very proud to work in advertising. I was, indeed still am, fascinated by how we mix creativity and numbers – to hark back to <a href="https://www.bjanda.com/blog/magic-logic-and-technology/">last week’s post, by magic and logic.</a></p>



<p>Today I’m more disappointed and frustrated than proud. The majority of people inhabiting what they refer to as the ad business are nothing to do with advertising. Instead, they’re technocrats and sales people more interested in numbers on a spreadsheet than in the ads themselves.</p>



<p>To make it worse these people don’t understand, nor do they care about audiences and how they behave. All they care about is maximising the numbers in the measured audience – even if the numbers are meaningless. Make them bigger, regardless. That’s ignorance masquerading as a policy.</p>



<p>How we got to this state is a long, long story involving technology understood by the few, vested interests, holding companies driving their media arms to deliver ever increasing profits to make up for under-deliveries elsewhere, advertisers who don’t want to admit they’ve been focussed on the wrong thing, a trade press concerned with not upsetting the platforms and an agency sector that shies away from controversy to focus on far more easily supportable, societal arguments.</p>



<p>There are of course many good guys – the strategic planners and thinkers, the fraud researchers, those in the attention measurement game doing all they can to move the industry forward, the indie agencies placing transparency ahead of easy money, advertisers who place creativity ahead of convenience, those always seeking to learn, to do better, and those from my generation raging against the dying of the light.</p>



<p>But we’re not the industry, however much we may think we should be.</p>



<p>Increasingly the debate is less about advertising and more about technology; less about meeting client needs and business objectives and more about selling snake oil.</p>



<p>I must admit I’m finding it increasingly difficult to write a regular weekly post (even if it’s less than weekly in reality) about things I care little about. And which to be honest I don’t always fully understand.</p>



<p>Frankly, there are quite enough people pontificating about things they don’t understand. The world doesn’t need another one. And so I’m going to stop doing it.</p>



<p>I won’t stop the Cog Blog altogether. I still care a lot about the ad industry, and I like to think I still have something to say. It’s just that I won’t be saying it quite as often.</p>



<p>I shall, in the words of one of my favourite authors, Alan Bennett be “keeping on keeping on.” You will still be able to find me on LinkedIn, Facebook, Twitter, and on my site. If you subscribe (for free) I’ll still let you know when I post anything of earth-shattering importance.</p>



<p>I’ll still consult, appear on platforms, chair events and work with those who’ll have me.</p>



<p>My hope for the industry has never been that we go back to some golden age (that never really existed) but that we come to our senses and realise we are here to do great work that works for our clients, even, maybe especially if they’re heading in the wrong direction.</p>



<p>We’re here to advise, objectively. Whatever the short-term consequences might be for our own bottom-line.</p>



<p>I am hopeful. Things go around, principles survive and reappear. We realise this more as we get older. In the words of the great Alan Bennett: “At eighty things do not occur, they recur.”</p>



<p>Thanks for reading and au revoir.</p>
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		<title>Magic, Logic and Technology</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 29 Jun 2023 14:33:48 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1748</guid>

					<description><![CDATA[Disclaimer: BJ&#38;A is a Founder Partner in the Crater Lake Collective, mentioned here One of the best, and most under-rated publications in the ad industry is a booklet produced under the auspices of three trade bodies – the CIPS (procurement professionals), the IPA (agencies) and the ISBA (advertisers). Written by an outstanding agency planner, Marilyn [&#8230;]]]></description>
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<p><strong>Disclaimer: BJ&amp;A is a Founder Partner in the Crater Lake Collective, mentioned here</strong></p>



<p>One of the best, and most under-rated publications in the ad industry is a booklet produced under the auspices of three trade bodies – the CIPS (procurement professionals), the IPA (agencies) and the ISBA (advertisers). Written by an outstanding agency planner, Marilyn Baxter it’s called ‘Magic and Logic’.</p>



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<p>The best ad campaigns have always combined magic and logic. It is not logical to put a <a href="https://www.youtube.com/watch?v=TnzFRV1LwIo">guy dressed as a gorilla behind a drumkit</a> if what you’re doing is selling chocolate, but once you take the mental leap that what you’re selling is self-indulgent pleasure it becomes more understandable.</p>



<p>Over 50 years ago the then BMRB came up with the idea of a large-scale UK survey combining claimed product usage and media consumption. It was called the TGI.</p>



<p>I remember discussing this new-fangled tool with the creative founder of the agency I was in at the time. This is brilliant I said – we can target campaigns at people who use Brand A versus Brand B. His response was telling – you don’t want to take all the magic away from advertising on the back of some numbers.</p>



<p>And yet here we are.</p>



<p>Online advertising offers a number of well-known positives. A huge audience, identifiable down to the individual (in theory), the ability for the audience to respond, immediate feedback, and so on.</p>



<p>These positives are real – but like most things there’s a downside. And in this case the downside is both huge, and largely ignored.</p>



<p>Over the last few days, the grown-ups have it seems noticed what’s been going on.</p>



<p>Reporting at Cannes, the US advertisers’ body the ANA highlighted the <a href="https://www.bjanda.com/blog/all-intelligent-life/">high proportion of programmatic impressions (21%)</a> that end up on made-for-advertising sites.</p>



<p>This week the <a href="https://www.wsj.com/articles/google-violated-its-standards-in-ad-deals-research-finds-3e24e041">Wall Street Journal</a> highlighted Google’s failure to meet its own standards when placing video ads on third-party channels.</p>



<p>And the ad fraud expert <a href="https://www.linkedin.com/pulse/every-digital-fraud-scheme-involved-falsified-fabricated-fou/?midToken=AQFz9fGHDlzqBQ&amp;midSig=0uJ_i-UvTXgaQ1&amp;trk=eml-email_series_follow_newsletter_01-newsletter_hero_banner-0-open_on_linkedin_cta&amp;trkEmail=eml-email_series_follow_newsletter_01-newsletter_hero_banner-0-open_on_linkedin_cta-null-3xzus~ljeoz6nv~9-null-null&amp;eid=3xzus-ljeoz6nv-9">Dr Augustine Fou</a> continued his tireless campaign to make advertisers aware of the extent of fraud in online media. As he says:</p>



<p>“As far back as 2015, AppNexus admitted that<strong>&nbsp;92% of the impressions they sold were fraudulent</strong>.&nbsp;<a href="https://www.adexchanger.com/ad-exchange-news/6-months-after-fraud-cleanup-appnexus-shares-effect-on-its-exchange/">https://www.adexchanger.com/ad-exchange-news/6-months-after-fraud-cleanup-appnexus-shares-effect-on-its-exchange/</a>&nbsp;But none of their customers ever got refunds. Ad fraud has been a 90%+ problem since at least 2015.”</p>



<p>For years media departments in ad agencies and the media agencies that emerged from them rightly promoted media planning and buying as a specialism, much needed in an ever-more complicated world.</p>



<p>Agencies were the experts – they were trusted by their clients to be objective when it came to evaluating new research from media vendors. Over time they’ve ceded ground to the platforms’ ambition to deal direct with advertisers. ‘Give us the budget, we’ll plan it, buy it and evaluate the results for you’. And if you believe that I’ve got a bridge to sell you.</p>



<p>Many advertisers have fallen for this – their erstwhile partners the media agencies have shown themselves to be more interested in deals for themselves than in objectivity. Sadly, an element of trust has been shattered.</p>



<p>Ad fraud is invasive – non-specialists at advertisers are being cheated out of significant portions of their budgets, and don’t know who to turn to for objective advice.</p>



<p>Nobody wants to admit that this problem has arisen on their watch, the agency experts who were once relied upon to give their clients objective advice don’t show any appetite for any real investigation into ad fraud, and so the cycle continues round and round, ever downwards.</p>



<p>For this to end, advertisers have to go back to basics. They advertise after all to achieve something. The ‘something’ has to be an identifiable business benefit. Not reach, not impressions, not media metrics. These things are checkpoints along the way but they’re not in themselves the end goal.</p>



<p>My Crater Lake colleague, David Beaton, from the advanced analytics business NavigationME puts it like this:</p>



<p>“Online media planning and buying suffers from badly aligned incentives combined with poor analytics.</p>



<p>The chase for cheap reach served by agencies using reach and other media metrics as a proxy for business success has led to a perfect storm of waste and fraud on a massive scale.</p>



<p>Unless these incentives are addressed, the waste and fraud will continue.</p>



<p>Bots Don’t Buy is a targeting model and system of measurement designed to plan and buy online media in a way that directly impacts client business outcomes.</p>



<p>There is no reason for the waste&nbsp;to continue; the technology and know-how exists to address it. We just need the will to stop pretending media metrics are the same as business success”.</p>



<p>As an industry we’ve created a system that enriches the fraudsters, encourages the funding of ad tech businesses built on sand (now duly collapsing), emboldens the holding companies to prioritise profit over building their clients’ businesses, legitimises media auditing of the wrong things, and misleads advertisers.</p>



<p>‘Magic and Logic’ was published in 2006. It was optimistic, full of promise for a collaborative, quantifiably measured future between businesses and the agencies that serve them.</p>



<p>We’ve fallen way short.</p>
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		<title>All Intelligent Life</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 22 Jun 2023 11:11:03 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1744</guid>

					<description><![CDATA[The time has come for the Cog Blog to address the biggest problem / opportunity / elephant in the room our industry is facing; at least until the next cab on the rank comes along. The issue of artificial intelligence. I would be the first to admit that when it comes to the technology this [&#8230;]]]></description>
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<p>The time has come for the Cog Blog to address the biggest problem / opportunity / elephant in the room our industry is facing; at least until the next cab on the rank comes along. The issue of artificial intelligence.</p>



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<p>I would be the first to admit that when it comes to the technology this is a topic I know little about. I suppose that there’s the potential for AI to rule the world, to take our jobs and to cast us all into outer darkness, but there’s also the potential for me to run a marathon.</p>



<p>Neither seem very likely to me.</p>



<p>I’m no expert in how the technology works. In that, I like to think I’m aligned with 90% of the ad industry, 80% of the media industry, and 99% of online commentators.</p>



<p>I also know very little (and even that’s an exaggeration) about how broadcast signals are transmitted and received, how streaming actually works and how self-drive hybrid cars operate. I use all of these things quite satisfactorily.</p>



<p>I can see the great potential in AI; but then I witness most days how the reality fails to live up to the promise. I still get letters addressed to ‘The Occupier’; I still spend hours filling out forms in duplicate; I still get frustrated explaining the same thing over and over again to different departments of the same supplier.</p>



<p>Surely in a world ruled by big data and our AI-driven ability to harness it the end-execution should be a little better?</p>



<p>Even in our own little world, and only this week the ANA reported on the waste generated by programmatic buys, focussing in on the creeping insidiousness of made-for-advertising sites, or MFAs.</p>



<p><a href="https://the-media-leader.com/deeply-concerning-one-in-five-online-ad-impressions-run-on-made-for-advertising-sites/">The ANA found</a> that 15% of participants’ budget and 21% of impressions are accounted for by MFAs.</p>



<p>And that the average advertiser campaign ran on 44,000 sites. I don’t believe there are 44,000 sites that add unique reach, or any valuable frequency against any target market.</p>



<p>And remember – these are ANA advertisers, so the more sophisticated end of the market.</p>



<p>Maybe the ANA will revise <a href="https://www.bjanda.com/blog/what-matters/">its rather confusing and variable position on ad fraud</a> whilst they’re at it. To remind you:</p>



<p>‘Juniper Research (estimates that) $68bn will be lost to ad fraud this year. ($68bn may be at the low end – the ANA in the US have quoted $120bn although they promptly ‘disappeared’ that figure when it started to attract attention)’.</p>



<p>Nick Manning’s <a href="https://the-media-leader.com/manning-the-anas-media-transparency-redux-and-the-need-for-more-honesty/">The Media Leader column</a> makes the point that the ANA work mirrors the principal findings of ISBA’s 2020 report into much the same thing.</p>



<p>Progress is it seems slow, possibly because the agency experts guiding their clients through this morass whilst avoiding the worst pitfalls are too busy thinking up the latest way to make money from the mess that is online media.</p>



<p>My point is if AI is all-embracing and smart why is the reality often so rubbish? How come we are still wasting millions / billions of our clients’ money by buying ads that reach an audience of bots?</p>



<p>Is AI a great threat to jobs? Will we enter a world within which all ads are written by Chatgpt or the next generation equivalent? Will all media plans and buys be automated, with budgets spent untouched by human hand?</p>



<p>It suits some people, in particular those with systems to sell to talk up the benefits that come from automation. And it suits our trade press to amplify the apocalyptic message – the end of the industry is news after all.</p>



<p>I see AI technology as a fuel to tools, a brilliant way for us to do our jobs better.</p>



<p>Take the creating of an ad campaign. Someone has a genius idea, in all likelihood sparked by a brilliant planner analysing all kinds of data and considering all sorts of insights.</p>



<p>I’ve worked with many great planners. You know how good they are when they say something to which your reaction is ‘yes, of course. That’s obvious.’ Whilst at the same time acknowledging that you, as a mere mortal would never in a million years have thought of that.</p>



<p>The marriage between data and creativity is helped hugely by an ability to analyse loads of stuff, very quickly.</p>



<p>That’s where the genius spark starts. It’s not in itself the genius spark.</p>



<p>I was encouraged to read this today in the WSJ, in which Omnicom discuss their new AI tool (and thanks to <a href="https://www.linkedin.com/in/kristinengard/">Kristin Engard</a> for the post):</p>



<p>&#8220;Omnicom frames the move as a way to get smarter answers in less time, with more workers being able to use deeper data analysis &#8212; A virtual assistant to help ad agency employees with tasks across the advertising process such as compiling audience insights and building media plans.&#8221;</p>



<p>These things are tools. They help us do a better job, in multiple ways. But they’re not the job, at least not yet.</p>



<p>I wish more of us would use them to do a better job because right now we’re screwing things up pretty badly.</p>
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		<title>Curiosity Is A Wonderful Thing</title>
		<link>https://www.bjanda.com/blog/curiosity-is-a-wonderful-thing/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Jun 2023 10:58:15 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1741</guid>

					<description><![CDATA[A Cog Blog post a couple of weeks ago raised the whole issue of understanding, and a framework for ensuring we all, and especially those on the frontline, learn more from each other. Omar Oakes, Editor of The Media Leader picked the piece up and amplified it. Both the original blog and Omar’s piece generated [&#8230;]]]></description>
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<p>A <a href="https://www.bjanda.com/blog/qualified-understanding/">Cog Blog post</a> a couple of weeks ago raised the whole issue of understanding, and a framework for ensuring we all, and especially those on the frontline, learn more from each other. Omar Oakes, Editor of <a href="https://the-media-leader.com/we-need-levelling-up-not-sucking-up/">The Media Leader picked the piece up and amplified it.</a> Both the original blog and Omar’s piece generated a fair few comments and responses.</p>



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<p>I’ve never had any truck with politicians but for once I felt a pang of sympathy. People do rush to criticise without reading the original and do comment from a position of not knowing what’s being suggested.</p>



<p>My start-point was and is that advertisers’ trust in media agencies is not great. Whichever means you use to measure it – by surveys or by tracking the number choosing to do their own thing in-house – there is a genuine question-mark over what value the agencies bring their clients, how they make their money, and how objective their advice is.</p>



<p>And anyone thinking the core transparency discussion is long past are wrong, as <a href="https://www.linkedin.com/feed/update/urn:li:activity:7074870622517878786/">Nick Manning and AdAge</a> pointed out this week.</p>



<p>I’ve been out of agencies a long time (best to get that in early) but I do see a lot of them via consultancy assignments and pitches.</p>



<p>And what I see is a sector talking to itself, doing its best to convince itself of its general wonderfulness whilst ignoring the criticisms.</p>



<p>Meantime the larger industry sees a group investing in vendors’ businesses, hiding and manipulating data and avoiding the key issues of the day if said issues are rather inconvenient to their bottom line (think online ad fraud).</p>



<p>In short, a group of market traders not a cerebral group focussed on finding the best solutions for their clients.</p>



<p>This is I admit harsh. There are plenty of smart people in agencies, there are also some agencies, particularly away from the heritage group of holding companies who put their clients front and centre. And away from the agencies the online ad industry in its many facets is certainly not blameless.</p>



<p>My premise was and is that the agencies need a reset. They’re not just media buying businesses (the descriptor most clients still use); they are in theory or could be in practice expert integrated communication planners.</p>



<p>To be a great planner takes a number of skills and abilities including curiosity. You need to be curious about people, why they do as they do, curious about clients’ brands and businesses, curious about the whole world of media and communications, curious to learn.</p>



<p>What you don’t need is a corporate deal maker insisting you put your curiosity and creativity in a box, close it, shove it under the stairs and use ‘X’ over ‘Y’ because of some over-arching commitment.</p>



<p>My suggestion is to establish a framework, largely using existing resources based around encouraging curiosity and learning. To giving these abilities the space to grow and flower.</p>



<p>This framework would consist of a number of courses, awards, conferences, and (yes) exams selected for their ability to encourage a closer relationship with the ad industry as a whole, and to encourage the flowering of an ability to think broadly and beyond the media numbers.</p>



<p>The plan is to go beyond specific media skills’ training. There are after all, as several people have said plenty of courses in how to use Google and Facebook, largely run by Google and Facebook.</p>



<p>In my fantasy world candidates would be awarded credits for participation in a number of pre-approved activities. Enter a paper in the IPA Ad Effectiveness Awards, get credits. Win an award, get more credits. Be published, get credits. Attend an approved industry conference, get credits. Speak at such an event, get more credits.</p>



<p>Complete an approved internal course, get credits. Pass an industry course, get more credits.</p>



<p>And so on.</p>



<p>One comment, from <a href="https://the-media-leader.com/experience-not-training-is-the-key-to-upskilling-in-media/">an agency head of planning</a> said that nothing beats on-the-job experience. To me that’s rather arrogant – it may be that the agency doesn’t know absolutely everything about everything.</p>



<p>Of course, experience counts. My plan combines on-the-job experience shared via in-house sharing with learning from organisations and centres of excellence outside the agency.</p>



<p>Who should run such a scheme? I would favour an established, highly respected trade body active across all elements of the ad industry. My choice would be The Advertising Association, with the active support of the IPA and ISBA.</p>



<p>They would come together to publicise the scheme, its objectives and the importance of credits, to embed the scheme within the industry.</p>



<p>One way to kickstart the scheme would be to suggest to clients that they make participation and support, and eventually the awarding of credits a factor in whether agencies were included in pitches.</p>



<p>This is not unknown with such as D&amp;I, Women Owned Businesses and others.</p>



<p>This may all sound a bit draconian but if we’re to raise the standing of media agencies, and to restore trust in the art of planning, as opposed to the science of buying we have to think differently.</p>



<p>To go back to the start, there’s a (quite possibly existential) reputational issue that needs addressing.</p>



<p>This is my attempt to address it.</p>
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		<title>Pitching</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Jun 2023 12:44:51 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1739</guid>

					<description><![CDATA[Last week’s Cog Blog on media qualifications has been picked up by The Media Leader. I aim to return to this next week once I’ve assessed the many responses on the topic. A recent report from the media consultants, MediaSense concludes that over half of agency staff believe that pitching affects their mental health. This [&#8230;]]]></description>
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<p><strong>Last week’s Cog Blog on media qualifications has been picked up by <a href="https://the-media-leader.com/we-need-levelling-up-not-sucking-up/">The Media Leader.</a> I aim to return to this next week once I’ve assessed the many responses on the topic.</strong></p>



<p>A recent report from the media consultants, <a href="https://the-media-leader.com/pitching-now-affects-our-mental-health-agencies-warn/?utm_campaign=The%20Media%20Leader%20Daily%202022&amp;utm_medium=email&amp;_hsmi=259680890&amp;_hsenc=p2ANqtz-9Xo7HDDGB45KNn6KsSmyXLmQh9gWjUBZJZTzSd50c0CVR3NK55HyZ2obfGfPT90EzC25kGfp_Y7YmW-q7k1HiFyyu6GQ&amp;utm_content=259680890&amp;utm_source=hs_email">MediaSense</a> concludes that over half of agency staff believe that pitching affects their mental health. This is a story with legs – it includes the magic words ‘pitching’ and ‘mental health’ thus virtually guaranteeing it will be picked up by all sorts of people, including <a href="https://adage.com/article/agency-news/agency-pitch-process-needs-change-agencies-tell-mediasense/2496751?utm_source=ad-age-news-alerts&amp;utm_medium=email&amp;utm_campaign=20230525&amp;utm_content=hero-headline">AdAge.</a></p>



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<p>Several agency leaders, notably the Goodstuff Founder Andrew Stephens have called for the pitching process to be rethought. Certainly, the whole thing needs to be better managed – but the people who can make that happen are, ahem, the consultants and the agencies.</p>



<p>I should declare an interest. We do run pitches occasionally. It’s not something BJ&amp;A actively seeks to do, in large part because I believe that there are far too many pitches, and they are often called for the worst of reasons.</p>



<p>Kellogg’s used to give all their brand managers a basic guide to working with ad agencies. The first paragraph said something like: ‘It is not your job to change the ad agency. It is your job to get the best from the ad agency.’</p>



<p>I’ve always lived by that. When asked to run a pitch the first thing we try to do is to talk the client out of it. Why do they want to pitch? What are they hoping to achieve? Has it occurred to them that the issue, whatever it is, could be at their end, not their agency’s? Have they talked openly to their agency’s leaders?</p>



<p>I’m not naïve enough to believe that most pitch consultants will do this. After all, running pitches is not a large part of what we do.</p>



<p>But even when we do them, we are very clear as to the rules of engagement. The consultant’s task, as I see it is to make life hard for the client by ensuring every agency does a wonderful job.</p>



<p>That takes time, so the consultant needs to ensure participants are given the time. It’s no good just agreeing to the client’s timeline and then beating up the agencies to ensure it is met.</p>



<p>The consultant is hired to give proper, best-in-class advice. And that very much includes advising, even pushing back on the timeline.</p>



<p>Consultants should make themselves available to the agencies throughout the process. Try and answer their questions, listen to their concerns, find answers from the client if you need to.</p>



<p>I’ve been in enough pitches as the agency to know how important the role of the consultant can be. I’ve also seen enough terrible examples of how not to do it. ‘Don’t question me’, ‘don’t expect me to revert to the client for you’, ‘just do what you’re told’, ‘keep to the timing’, ‘sorry the rules have changed but no you’re not to know why, nor will you be given any more time.’ I’ve had all of these and more from well-respected (in their own heads at least) pitch consultants.</p>



<p>Too many consultants have never run pitches as an agency, aren’t experienced and are simply following orders.</p>



<p>After the event, the consultant needs to feedback honestly and constructively. Tell the losing agencies why they lost. Telling them the client ‘just wasn’t excited’ by them is neither helpful, nor constructive. It may be part of the truth, but explaining why is always appreciated.</p>



<p>Avoiding feedback is cowardly, and unprofessional.</p>



<p>Agencies can help themselves too. If you’re not given the time to do your best, say so. Loudly, and upfront. Don’t feel you have to pitch everything. After all, if clients run a terrible pitch, odds are they’ll turn out to be a dreadful client.</p>



<p>Last week Brandtech Group acquired Jellyfish. This isn’t the place to comment on the deal, which I do think is an excellent one for both parties, but I was very taken with Nick Emery’s comment on pitching in an interview with <a href="https://the-media-leader.com/brandtech-medias-emery-is-hungry-for-change-after-swallowing-a-jellyfish/">The Media Leader:</a></p>



<p>“We don’t want to be in the business of year-long procurement-led pitches for 120-day payment terms. If you are that kind of client, then don’t bother. I’d much rather be the kind of New Age version of BBH, where you don’t have to pitch if you (don’t) want to.”</p>



<p>I always loved pitches, the drama, the excitement, the teamwork, and yes, the stress.</p>



<p>But I can well see that others feel differently.</p>



<p>It doesn’t sit well for consultants and agencies to complain as if the stress and strain happens in a world where they have no say, and no responsibility.</p>



<p>They can do something about it. Yes, so could clients, but clients hire consultants to run these things for them. The responsibility sits with the consultants, and the agencies themselves. They can encourage and drive change.</p>



<p>But they don’t, and I very much fear they won’t.</p>
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		<title>Experts</title>
		<link>https://www.bjanda.com/blog/experts/</link>
					<comments>https://www.bjanda.com/blog/experts/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 01 Jun 2023 10:55:46 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1735</guid>

					<description><![CDATA[Sometimes a Cog Blog post fits neatly with pieces I come across over the following couple of weeks, more by luck then judgement. I like to put it down to great minds thinking alike. A Media Leader article by Nick Manning, and a thought-leadership piece from McKinsey happen to coincide with this recent Cog Blog. [&#8230;]]]></description>
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<p>Sometimes a Cog Blog post fits neatly with pieces I come across over the following couple of weeks, more by luck then judgement. I like to put it down to great minds thinking alike. A Media Leader article by Nick Manning, and a thought-leadership piece from McKinsey happen to coincide with <a href="https://www.bjanda.com/blog/qualified-understanding/">this recent Cog Blog</a>. Or vice-versa.</p>



<span id="more-1735"></span>



<p>The McKinsey piece was entitled <a href="https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/six-secrets-of-unleashing-the-power-of-retail-media?stcr=09C813BF06434C8B9D0E0A7ABDFF3AB4&amp;cid=other-eml-dre-mip-mck&amp;hlkid=d453dc7462ca4c6c896d47080407b490&amp;hctky=14142890&amp;hdpid=a9167ebe-3311-4db4-82fb-6c0e5727b215">‘Unleashing the Power of Retail Media’</a>, dated May 18<sup>th</sup> 2023. I should add that as I don’t subscribe to McKinsey’s reports, I’ve only read the publicly available executive summary. There’s no doubt more detail in the full report.</p>



<p>I agree that retail media is a fast growth, high potential channel. But I wonder about the efficacy of the support on what advertisers are looking for and expect, as quoted by McKinsey.</p>



<p>The report asks advertisers to rank channels (presumably from amongst a pre-coded list of retail media options) that deliver the highest return on advertising spend and then suggests that the best course of action is to ‘know what works and then double down’.</p>



<p>No kidding!</p>



<p>The idea that you should do more of what works is clearly good advice, but asking advertisers to rank channels is flawed especially if, as I suspect might be the case here the answers rely more on gut feel than empirical evidence. Plus, surely respondents would tend to rank whatever they do as best – to suggest otherwise would be to infer that they’ve done the wrong thing which whilst quite probably true would never do.</p>



<p>Elsewhere McKinsey tells us that advertising dollars ‘flow towards transparency and performance’. <a href="https://www.oxfordreference.com/display/10.1093/acref/9780199916108.001.0001/acref-9780199916108-e-8353;jsessionid=FAFAFC91498DF6E4408FD6AEB16AD496">Up to a point, Lord Copper,</a> and yes you would like to think so. But if advertisers really cared that much about transparency and performance, would they have spent the last decade investing so much in platforms whose data is both unvalidated and hidden from objective investigation?</p>



<p>But again, if you were asked the question I imagine ‘transparency and performance’ would be well up there on the wish list, even if your actions suggested something different.</p>



<p><a href="https://www.bjanda.com/blog/qualified-understanding/">Last week</a> I cautioned against badly thought-out survey questions leading to misleading conclusions. It’s always a good idea to go back to the source.</p>



<p>When I worked in media agencies, we all wanted to be McKinsey. How, we asked ourselves could they charge so much, and gain such privileged access to the top of organisations?</p>



<p>No doubt they’re geniuses but even geniuses can learn from subject experts, in this case researchers expert in building questionnaires.</p>



<p>Media agencies used to be subject experts. Their leaders were forever popping up in the national press, on broadcast TV, in the trades pontificating about this or that media topic.</p>



<p>Maybe I read the wrong titles, follow the wrong sites and watch the wrong video channels but the current crop of agency leaders seem to be rather more bashful, more wary of upsetting a vendor or ad tech supplier than in impressing with their expertise.</p>



<p>Heaven forbid it’s because there are holding company deals at stake somewhere.</p>



<p><a href="https://the-media-leader.com/the-online-advertising-bubble-has-burst-a-roadmap-for-the-way-ahead/">Nick Manning’s Media Leader piece</a> makes the point that “advertising as a basis for the funding of many internet-led businesses, including ad tech, may … prove unsustainable”.</p>



<p>In other words, some people responsible for spending money may have made some bad bets.</p>



<p>Ad spend is not elastic; it doesn’t miraculously expand to fill the options available. Yet many ‘experts’, especially those from outside the industry seem to believe the opposite.</p>



<p>Management consultancies, VC’s, private equity funds do sometimes seem to support ad funded businesses which anyone with a few years in the ad business would tell them won’t work.</p>



<p>Advertising can never fund everything – budgets are finite and as a rule of thumb if a new thing comes along requiring funding from advertising that money will have to come from an existing channel.</p>



<p>One example of this sort of narrow thinking is that the only thing that matters is big numbers.</p>



<p>Some years ago, a well-known media industry investment advisor tried to convince me that embedding a paid-for message within a telco service was a great idea. If I called you, and you didn’t pick up immediately I would be played an audio ad.</p>



<p>Think of the millions of calls not answered immediately, he said. You should be recommending this to all clients, immediately.</p>



<p>My argument, that this would be a massive source of ad invasion and irritation, didn’t wash. Think of the numbers, he kept repeating.</p>



<p>As far as I know it never happened, but I would be prepared to bet that that was nothing to do with the argument that context matters at least as much as gross numbers.</p>



<p>Media professionals are by no means immune from making mistakes; but I like to think that if I was advising someone to invest in a sector in which neither I nor the investor had any direct experience I would have the humility and self-awareness to seek out those with direct experience.</p>



<p>Mind you, where to find them is a whole other question.</p>
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		<title>Qualified Understanding</title>
		<link>https://www.bjanda.com/blog/qualified-understanding/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 May 2023 10:43:31 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1732</guid>

					<description><![CDATA[I was always told that the most accomplished acrobats, the best ice skaters, were the clowns. You had to be really good at the basics to hurl yourself around without hurting yourself. You had to be smart to appear to be an idiot, in other words. Knowing the basics should be fundamental. In our world, [&#8230;]]]></description>
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<p>I was always told that the most accomplished acrobats, the best ice skaters, were the clowns. You had to be really good at the basics to hurl yourself around without hurting yourself. You had to be smart to appear to be an idiot, in other words.</p>



<span id="more-1732"></span>



<p>Knowing the basics should be fundamental. In our world, where does the data we all take for granted come from? How is it collected? What are the assumptions behind it?</p>



<p>How can anyone advise anyone to do anything without at least a basic understanding of the tools we all use to make recommendations, or spend someone else’s money?</p>



<p>We are all asked to do surveys. All the time. Next time you do one just stop and ask yourself how much thought you’re giving to it; how accurate you’re being; or how easy or clear the questions are to answer.</p>



<p>Remember – someone is taking action, or spending money on the basis of what you say.</p>



<p>Professionally, it’s never a bad idea to ask if it would be possible to complete the questionnaire or task as a respondent. Obviously sometimes it isn’t practical but whenever I have been allowed to do this it is inevitably revealing.</p>



<p>A few years ago, a service appeared that claimed to measure, via an online after-the-event questionnaire, all exposures to every piece of branded communication. Taking a beer brand as an example, the claim was that one study allowed planners to compare the efficacy of beer mats with pump decals, TV commercial, sponsorships, social media, OOH. All on a like-for-like basis. All based around what the respondent claimed to remember.</p>



<p>We asked if everyone at the client, plus the agencies could take the questionnaire. The research supplier wasn’t over-joyed with the notion, but we insisted. Our experience allowed us to put the results into context. In short, and to be polite not to take them too literally.</p>



<p>On the flipside early in my career I sat as an agency representative on the BARB Technical Sub-Committee. For a technical reason to do with boundary changes some panel homes were going to be dropped by BARB. Their data was already being discarded.</p>



<p>We were offered the chance to visit a few of these homes, to meet some ex-BARB panel members. At this stage they were unaware that their responses were no longer included in the study.</p>



<p>What struck me was how incredibly seriously these people took their task. They believed they had a responsibility for shaping TV, for deciding what was recommissioned, what dropped. They were of course to an extent right.</p>



<p>When faced with a bunch of cynical London-based ad people they were shocked to think that we thought they made up the data or didn’t answer the questions they were asked accurately and in a timely fashion.</p>



<p>It may be considered nerdy by some to worry about audience measurement data, or brand metrics but I don’t see how agencies can do their job properly without understanding where the basics come from, and what they mean.</p>



<p>I also think advertisers should, prior to spending any money insist that the people they’re spending it with have at least some degree of understanding of the data they’re using to guide their decisions.</p>



<p>After all, financial advisors have to take regular exams to update and keep their qualifications. Why aren’t agency media people responsible for investing large sums of money subject to the same scrutiny?</p>



<p>We could create a system where different activities, like taking an exam, completing a course, attending a conference all generate points towards a qualification. The points would lapse after so many years, meaning you need to keep up-to-date.</p>



<p>An agency would only qualify to handle a client’s business if they could show they have an aggregate number of points amongst their teams. If they so wish, agencies can be approved to run regular internal courses thus making the whole thing easier to participate in.</p>



<p>Right now what we’re doing in spending our clients’ money is in essence educated guessing, what we think likely to work best. In fact, it’s not even that educated as a lot of the time we don’t really pay much attention to the source of the data we’re using.</p>



<p>The fact that clients’ trust in agencies has declined is well-known. The growth of in-house teams, and the direct sales efforts of the major vendors threaten agencies’ very existence.</p>



<p>A scheme to ensure a level of understanding in the tools we use would help give clients’ back their confidence in the professional capabilities of media agencies.</p>



<p>Raising professional standards in understanding would impact all aspects of the media industry positively.</p>
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		<title>A Certain Age</title>
		<link>https://www.bjanda.com/blog/a-certain-age/</link>
					<comments>https://www.bjanda.com/blog/a-certain-age/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 12 May 2023 13:08:09 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1730</guid>

					<description><![CDATA[I am, shall we say, of a certain age. Depending on your perspective that either means I have some experience when it comes to what works and what doesn’t, or that I am by definition out-of-touch and know nothing of the modern media world. Probably both are true, to a greater or lesser extent. Last [&#8230;]]]></description>
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<p>I am, shall we say, of a certain age. Depending on your perspective that either means I have some experience when it comes to what works and what doesn’t, or that I am by definition out-of-touch and know nothing of the modern media world.</p>



<span id="more-1730"></span>



<p>Probably both are true, to a greater or lesser extent.</p>



<p>Last week Channel 4 in the UK screened an excellent documentary called ‘Mad Women’. This took as its premise the rise of women, particularly in creative roles in what used to be male-dominated ad agencies. The programme started in the 1970’s and ran through to the present day.</p>



<p>Setting aside the whole point of the piece, the rise to prominence of ad women, as a by-product the programme re-established that ads could be fun. The old Ad Association finding that more people preferred the ads to the programmes was wheeled out, but regardless of that, and of the undeniable fact that there was a load of dross along with the occasional sparks of brilliance, there were some great ads.</p>



<p>Furthermore, campaigns did effect change. Dove’s ‘Curves’ campaign (aka ‘The Campaign for Real Beauty’) did change the way women were portrayed – at least some of the time.</p>



<p>There were more modern examples of women leading the conversation on display too. <a href="https://www.youtube.com/watch?v=tz1NX0lTHhg">Maltesers for one.</a></p>



<p>And Dove has continued to set a high bar <a href="https://www.youtube.com/watch?v=sF3iRZtkyAQ">with its ‘self-esteem’ work.</a></p>



<p>I watch films like this and feel proud that the marketing industry spends on such themes, and that the ad business can still produce emotional, stirring films.</p>



<p>The Channel 4 film mainly featured creatives, although a good case could be made for a sister-episode on the media agency world.</p>



<p>Although a ‘women in media’ discussion could build a strong story around the rise of women to leadership positions in media agencies, it would struggle to make the point that there has been a parallel change in the output that the public sees.</p>



<p>This is obvious, consumers don’t see media plans they see ads, but there is still a point to be made, even if it’s less about the rise of women and more to do with the way media agencies are funded.</p>



<p>Our excessive use of social media – the communication channel where ads are most disliked and resented by those exposed to them – could be moderated by an honest assessment of the available research by the media agency world.</p>



<p>Agencies are there to advise clients, to offer their best, unbiased, objective advice.</p>



<p>Instead, they go with the flow, support the easier option. They don’t push the unpopular line, even if it’s supported by the evidence. Why else would they continue to ignore ad fraud? Why else promote social media channels who make up audience data?</p>



<p>Media people have drifted away from the ad business. They’ve drifted away from ads.</p>



<p>Look at the holding companies. Did WPP start Mindshare, or acquire The Media Business (from which emerged MediaCom) to improve the advertising? They did not.</p>



<p>Holding company media operations are about one thing and one thing only – money.</p>



<p>It’s an open secret that it’s the likes of Zenith and Starcom that keep Publicis profitable. That GroupM makes far higher margins than any other WPP opco. That OMG in effect underwrites the Omnicom creative agencies.</p>



<p>There’s nothing inherently wrong with making money, or high margins but where I part company with my friends in the holding company media operations is that in my world you do a great job for your client, justify a high fee, and invest in your people.</p>



<p>For this I am called naïve – but the evidence is out there that clients will pay higher fees if they can be convinced that they achieve greater real value for money.</p>



<p>We are just rubbish at making that case, so we carry on charging lower fees in the sure-fire knowledge that we can make up the shortfall elsewhere.</p>



<p>After all, it’s a lot easier to say ‘we’ll charge you less’ than to explain that quality costs money.</p>



<p>Despite the hit from the transparency movement, the emergence of adtech has saved the agencies’ financial bacon and delivered a whole new area of complexity where most clients know little – including how to pay for what they get.</p>



<p>So the large agencies cozy up to the adtech businesses, and continue to make money from any number of sources besides and beyond the end client, whilst running the business on a mix of cheap juniors and staff ‘borrowed’ from the likes of Google.</p>



<p>There are exceptions amongst the independent media specialists like the7stars, Craft and December 19 but the industry ultimately is judged by the actions of the largest.</p>



<p>And there are pockets of excellence within the networks too. But as a wise consultant one told me – it’s all about the showgirls attracting you into the casino. The real business is done in the windowless back office away from the prying eyes of customers.</p>



<p>Awards, books, conference speeches aside, at its core the media agency business is not about clients and ads and is about technology, hidden deals and margin.</p>



<p>I find that dishonest. And sad.</p>



<p>But then I am ‘of a certain age’.</p>
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		<title>The F Word</title>
		<link>https://www.bjanda.com/blog/the-f-word/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 02 May 2023 14:01:54 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1724</guid>

					<description><![CDATA[The World Federation of Advertisers is 70. Founded in 1953, the WFA represents advertisers responsible for 90% of global adspend. If local advertiser associations, like ISBA in the UK and the ANA in the US provide a helicopter view of what’s important to their individual market’s members, the WFA hovers above the helicopters. A role [&#8230;]]]></description>
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<p>The World Federation of Advertisers is 70. Founded in 1953, the WFA represents advertisers responsible for 90% of global adspend. If local advertiser associations, like ISBA in the UK and the ANA in the US provide a helicopter view of what’s important to their individual market’s members, the WFA hovers above the helicopters.</p>



<span id="more-1724"></span>



<p>A role overseeing the overseers can end up focusing on the many noble causes everyone can agree on. It may not please everyone, but it can avoid upset by keeping away from anything too controversial.</p>



<p>The WFA has published its <a href="https://wfanet.org/globalmediacharter2023?utm_source=linkedin&amp;utm_medium=banner&amp;utm_term=media%20charter">Global Media Charter 2023</a>, building on the 2018 edition from which various in-market cross-media measurement initiatives including ISBA’s Origin emerged.</p>



<p>There are many good things about this new version, and a lot of people did a lot of work but (you just knew there had to be a ‘but’) a major issue has been avoided.</p>



<p>Before getting to what’s not there, credit where it’s due. The GMC addresses a number of highly pertinent topics:</p>



<ul><li>Competition &amp; Plurality</li><li>Measurement &amp; Accountability</li><li>Responsibility &amp; Society</li><li>Sustainability &amp; Planet</li><li>People &amp; Partners</li></ul>



<p>Each topic area has identified ‘champions’ responsible for delivering to the policy as outlined and agreed.</p>



<p>All fine and dandy. Who doesn’t want a sustainable planet? Or a responsible society? But there’s an omission.</p>



<p>We’re talking about the ‘F’ word &#8211; fraud.</p>



<p>Let me take you back to the great transparency scandal of March 2015. This started, <a href="https://www.bjanda.com/blog/deal-or-no-deal/#more-547">Cog Blog</a> readers will remember, when Jon Mandel, MediaCom’s ex-CEO told the ANA that agencies didn’t always return all discounts and rebates to their clients, and that deals were struck before plans were written. Buys drove plans in other words. &nbsp;</p>



<p>Cue outrage, shock and horror amongst the US advertiser community.</p>



<p>Advertisers were caught on the hop. Their contracts were too loose, too ambiguous, too easy for certain agencies who chose to do so to hide revenues.</p>



<p>The WFA could and should have got ahead of this.</p>



<p>Back to today. The elephant in the room facing advertisers today is the colossal amount of fraud that has permeated the online ad world, and especially those campaigns bought programmatically with little oversight from agency buyers.</p>



<p>We can argue why this lack of oversight happens but what is simply unarguable is that the amount of money wasted by advertisers to enrich fraudsters is huge.</p>



<p>How huge we can also argue, but even the ANA, who seem to studiously avoid the topic to the extent of removing very large estimates from their own website would have little problem with an annual estimate of ‘over US$70 billion’.</p>



<p>As with Mandel, those in the know, know this is a major problem.</p>



<p>Here’s the ex-ISBA Media Director, Bob Wootton in <a href="https://the-media-leader.com/ai-ai-ai/">his regular Media Leader column</a> a few days ago discussing the implications of AI (the italics are Bob’s): “Expect all the crooks and bad actors already active in online advertising —&nbsp;<em>about which we continue to do little —</em>&nbsp;to be very active indeed in the new spaces”.</p>



<p>Or, again from the <a href="https://the-media-leader.com/ctv-ad-fraud-costs-advertisers-up-to-8m-a-month/">Media Leader a headline that CTV ad fraud costs advertisers up to $8m a month</a>. This from a report by the Video Advertising Bureau who whilst admitting the problem seem to underplay its extent, based on the US$70 billion annual loss quoted earlier.</p>



<p>Dr Augustine Fou, the independent fraud detection expert who has done more to raise awareness of fraud issues than anyone, had this to say: “This <em>(the claim that there are limited opportunities for fraud within CTV)</em> is only true if ad buyers bought CTV ads directly from those media sellers. Everything else in programmatic channels is bad guys pretending to be those premium CTV channels and the media sellers cannot prevent any of it themselves.”</p>



<p>Dr Fou went on to make some not particularly flattering remarks about the VAB’s report. I’m of an age that would file their findings under ‘Mandy Rice-Davies’, but that’s probably just me.</p>



<p>By the way, if you don’t follow Dr Fou, you should. He’s generous in his sharing of data and explanations around fraud. Here’s an example<a href="https://www.linkedin.com/pulse/introducing-h-index-humanness-index-from-fouanalytics-fou" data-type="URL" data-id="https://www.linkedin.com/pulse/introducing-h-index-humanness-index-from-fouanalytics-fou"> of his latest thinking on focussing on humans.</a></p>



<p>So why isn’t the WFA helping members address fraud? Could it perhaps be because:</p>



<ul><li>Advertiser marketing and media teams have been caught out for years, and don’t want to shine a light on past failings. The reality is that the fraudsters have been winning, against everyone for ages. It must be better to act later than never.</li><li>Large, well-funded fraud detection businesses are supported by the biggest network media agencies in order to demonstrate that fraud is a non-issue that they’re on top of.</li><li>Shamefully most on the buy side have no interest in uncovering the true extent of ad fraud.</li><li>Even if they wanted to, agency teams are understaffed and underqualified to do anything except rely on programmatic systems to place online activity.</li><li>As long as nobody looks too carefully at the make-up of impressions the notional CPM delivered is very low, satisfying procurement teams and (again, underqualified) auditors.</li><li>As <a href="https://www.craterlakeandcompany.com/post/bots-don-t-buy-the-warc-podcast">bots don’t buy</a> stuff, this looking the other way and relying on fake numbers will eventually come to light.</li></ul>



<p>The WFA’s Media Charter praises ISBA’s work with PwC on how money flows around the online supply chain. This has indeed been pragmatic, involving and helpful.</p>



<p>As far as I can see the WFA makes no mention as to how advertisers can get to grips with ad fraud. That’s a mistake that the two Measurement and Accountability ‘Champions’ (Reckitt’s Sameer Amin and PespsiCo’s Atin Kulkarni) should be addressing.</p>



<p>They may want to give Dr Fou a call.</p>
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		<title>&#8216;A Hard Business&#8217;</title>
		<link>https://www.bjanda.com/blog/a-hard-business/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 19 Apr 2023 09:39:11 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1720</guid>

					<description><![CDATA[It is rare for our mainstream media to pay any attention to the advertising industry. Ads – yes; why advertisers should boycott various news channels – sometimes; the business – no. This week ‘The Guardian’ did exactly that, featuring a story on how the industry is suffering from, and I quote, “burnout and inequality”. The [&#8230;]]]></description>
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<p>It is rare for our mainstream media to pay any attention to the advertising industry. Ads – yes; why advertisers should boycott various news channels – sometimes; the business – no. This week ‘The Guardian’ did exactly that, <a href="https://www.theguardian.com/media/2023/apr/16/hard-business-uk-illustrious-ad-industry-tainted-burnout-inequality?CMP=Share_AndroidApp_Other">featuring a story</a> on how the industry is suffering from, and I quote, “burnout and inequality”.</p>



<span id="more-1720"></span>



<p>The Media Leader picked up on the same issue, although <a href="https://the-media-leader.com/nick-manning-the-talent-crunch-shows-its-time-to-increase-salaries/">Nick Manning’s piece</a> there identified a different underlying cause. Money.</p>



<p>I think both have a point. But there’s more to it.</p>



<p>Although it is fashionable to blame burnout, stress, working late and the rest on the industry’s ills, it was ever thus. It always used to be a badge of honour to be noticed staying later and getting in earlier than anyone else, and whilst it was neither clever nor necessary it was a thing; it did happen.</p>



<p>I suspect (but can’t prove it) that if there was a way of measuring the time spent actually working, as opposed to travelling, socialising, generally fannying about, today’s admen work no harder, and no less hard than their predecessors.</p>



<p>What is true, thank goodness is that we are certainly more aware than we used to be of the impact long hours at work, or the stresses caused by the threat of losing an account has on overall wellbeing and mental health. But when all’s said and done, I’m not convinced that the ad world is all that different from other service industries.</p>



<p>As to money, the industry has never been able to compete with what it would consider its competitive set. Management consultancies as one example used to pay a starting salary in my day around double that paid by the agencies.</p>



<p>Agencies are not massively profitable enterprises for a host of reasons, but first, second and third amongst them is the sad fact that many, many client boards don’t see the value in the work that we do.</p>



<p>We’ve been complaining about access to the C-Suite for years and have not advanced our cause one jot. We now have the tools we need; we just don’t use them.</p>



<p>We need to change that, so much is clear, but underneath it all there are far too many agencies and far too little work. In a buyer’s market, especially when the thing being bought is a vaguely defined commodity, like impressions or views, as opposed to priceless creativity, prices will drop.</p>



<p>Management consultancies, of whom there are comparably few compared to even media agencies pay to attract the best. We don’t.</p>



<p>In the past we got by on the basis that advertising was a fun, creative way to earn a living.</p>



<p>Agencies used to spend time going around the universities, presenting at careers fairs, promoting the industry. I may very well be wrong but I’m not sure they do that so much these days.</p>



<p>I think the decline in the attractiveness of the industry starts with the word ‘creative’.</p>



<p>‘The Guardian’ piece at the start of this post quoted four campaigns. In chronological order they were: Levi’s Launderette (1985); Guinness Surfer (1998) and Cadbury’s Gorilla (2007). The fourth, John Lewis is current, although for how much longer given their change in creative direction is questionable.</p>



<p>John Lewis aside the latest in ‘The Guardian’s’ hall of fame is 16 years old.</p>



<p>The latest public musings from Levi’s had their CMO talking of the brand’s priority to be always on, in effect placing quantity (of audience) over quality (of message).</p>



<p>Graduates used to want to join the ad world because of the ads. Yes, the money was important but the focus within the industry on creativity and originality of thought over academic qualifications was appealing to many.</p>



<p>Today the focus is more (to quote Sir Martin Sorrell) on mathsmen over madmen.</p>



<p>We want creators of spreadsheets, social media obsessives, interpreters of acronyms, masters in understanding the numbers, over having and honing the skills to unlock the desires, wants and needs of real people.</p>



<p>In 1947 Bill Bernbach wrote a letter to his agency colleagues.</p>



<p>It started: ‘Our agency is getting big. That’s something to be happy about. But it’s something to be worried about too…’.</p>



<p>It ended: ‘The danger lies in the temptation to buy routinised men who have a formula for advertising.’</p>



<p>People are leaving, or not joining the ad industry because it’s no longer about magic.</p>



<p>The rest is noise.</p>
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		<title>Combinations</title>
		<link>https://www.bjanda.com/blog/combinations/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 13 Apr 2023 09:39:51 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1718</guid>

					<description><![CDATA[No serious advertiser ever runs a campaign on a single communications channel. This is as true today as it ever was – every campaign uses a combination, for very good reason. The channels concerned may not all be paid advertising per se, although of course many are. We can all quote examples of a base [&#8230;]]]></description>
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<p>No serious advertiser ever runs a campaign on a single communications channel. This is as true today as it ever was – every campaign uses a combination, for very good reason.</p>



<span id="more-1718"></span>



<p>The channels concerned may not all be paid advertising per se, although of course many are. We can all quote examples of a base TV campaign using OOH or radio to extend activity over time; of video extending onto social; of print newspaper or magazine activity being supported by branded content in the form of advertorials or something similar.</p>



<p>Not all combinations involve paid for ads. Remember those ‘as seen on TV’ starbursts? Or the shop window displays riffing off of a TV execution. Or a TV ad music track morphing into a song released as a single and acting as a reminder every time it’s played. Or the PR story woven using the thread created by an online sensation.</p>



<p>Combinations work best, they always have and always will.</p>



<p>As media people we over-obsess about reach, but the more compelling reason for combinations has always been about appealing to different criteria, the rational working alongside the emotional, the engaged with the fleeting.</p>



<p>We all know that media audience measurement is paid for in the main by the vendors, the channels. The vendors couldn’t care less about combinations; the agencies and the advertisers care – but not enough to initiate, at least not until recently.</p>



<p>Although they appear to care, media agencies’ true love has from their inception been buying. Buying’s fun, it’s negotiation, it’s alpha, it’s about power (and vendor funded trips).</p>



<p>To trade both sides need a currency.</p>



<p>Agencies may talk a good game when it comes to planning but they need their clients to push them towards any form of truly cross-media initiative.</p>



<p>The agency community (and I wouldn’t limit this to media agencies) has failed to convince their advertisers of the true value they bring to the business.</p>



<p>So, given that identifying and delivering real business value is tough, easier by far to stick to deals. Easily measured, easily demonstrated, easy to justify and so often entirely irrelevant to the true task in hand.</p>



<p>Buying remains important but my sense is it is recognised by more advertisers as an executional centre-of-excellence, not as the be-all-and-end-all.</p>



<p>One reason is the (lack of) transparency. It would be wrong to presume that this debate ended with the Jon Mandel case. Ad tech has introduced a whole new realm of jargon, complexity and deal opportunities.</p>



<p>To paraphrase the great Irwin Gotlieb: where there’s confusion there’s margin.</p>



<p>However &#8211; it’s not all doom and gloom, deals and hidden revenues.</p>



<p>The other week the UK’s largest independent media agency the7stars hosted an interesting debate on ‘The New Effectiveness Normal’. It was subtitled ‘Making the business case for advertising…’</p>



<p>Two things struck me. First, the place was packed – with clients and I guess vendors. Second the audience asked great questions, they were engaged and keen to learn from the presenters.</p>



<p>This for an event featuring market modelling and economic forecasting.</p>



<p>I’m sure the7stars aren’t the only agency doing things like this, although they’re the only ones to have been kind enough to invite me. Plus, for their whole existence they have stood up for true transparency over any form of money-making deals with vendors. &nbsp;Providing thinking and services around ‘making the business case’ fits well within their offering.</p>



<p>Not so with every other agency.</p>



<p>I do think the plates are shifting; and in such circumstances the audience measurement world needs to take stock.</p>



<p>This shift is happening for multiple reasons – the growth of the giant platforms, the focus on safe content, the ability to understand factors like attention paid, the failure to fit everything into a joint industry structure, the rise of ad fraud, the loss of trust in agencies.</p>



<p>Whatever the reason the net is the growing significance of and involvement from advertisers in media affairs, including audience measurement.</p>



<p>ISBA is more of a force and a positive influence (on many levels, not just this one) than I can remember in 50+ years in the business. More and more advertisers are hiring media (and related) specialists in-house. There’s more of a focus on true accountability.</p>



<p>If we’re serious about accountability we need a framework to assess combinations. And audience measurement plays a fundamental role in this.</p>



<p>Rethinking doesn’t mean dumping what we have; rather it means broadening the discussion, being more open-minded as to the options.</p>



<p>That’s the big picture behind ISBA’s Origin initiative, the wide acceptance of a measurement funding levy, and a boom in market modelling. There’s a desire from advertisers to learn more in order to help get the balance right, a realisation that what’s needed is a means to provide assistance to plan across all channels.</p>



<p>Those channels and vendors who believe in sticking with a buying and selling model will do what they feel most comfortable doing.</p>



<p>What they do will always have its place, but they’ll be playing in an ever-shrinking market as the phrase ‘integrated communications’ moves beyond a catchphrase in agency pitch decks to a principle driving budget allocation.</p>
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		<title>Dot Joining and Puzzle Solving</title>
		<link>https://www.bjanda.com/blog/dot-joining-and-puzzle-solving/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 30 Mar 2023 11:29:08 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1714</guid>

					<description><![CDATA[‘We need to join the dots’ rings out the cry around the industry. Whether the dots in question are creative and media, research and modelling, planning and buying, procurement and marketing or any and every combination of the above, they have to be joined. This is a little like Miss World contestants calling for World [&#8230;]]]></description>
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<p>‘We need to join the dots’ rings out the cry around the industry. Whether the dots in question are creative and media, research and modelling, planning and buying, procurement and marketing or any and every combination of the above, they have to be joined.</p>



<p>This is a little like Miss World contestants calling for World Peace. Or politicians calling for An End to Poverty.</p>



<span id="more-1714"></span>



<p>We can agree that these are all Good Things as long as someone else does the work and it doesn’t inconvenience me too much.</p>



<p>There’s a myth that dots were painlessly joined in the old full-service agency era. As someone still walking and talking who remembers those days, I can assure you the painless bit is largely a myth.</p>



<p>Certainly, popping into an adjacent office was easier than setting up a Zoom call, or hopping in a taxi, but dot joining was always more about a frame of mind than the practicalities of sitting in the same space.</p>



<p>If you wanted to do it, you did it. If you didn’t, you didn’t.</p>



<p>To quote from the <a href="https://www.campaignlive.co.uk/article/new-media-legacy-brains/1817580">great Dave Trott</a> in this week’s ‘Campaign’: “Real creativity came from account handling, the planning department, the media department and the creative department all working together….we don’t do that (today) because thinking now just means following a trend.”</p>



<p>I spent 14 years of my life working for Leo Burnett, back in the days when it was an agency 100% owned by its staff.</p>



<p>We were in a perfect position to join the dots, at least those within our remit.</p>



<p>Eventually I reached a level where I was allowed out to attend global meetings in Chicago to discuss matters of great import.</p>



<p>Like developing and offering ICS: ‘integrated communication services’. This was our version of dot joining. (Don’t laugh, the Y&amp;R version was something to do with a whole egg…).</p>



<p>It was at one of these gatherings that I learned a lesson in how networks work.</p>



<p>People attending these things take on one of three personas.</p>



<p>The corporate bully, whose authority comes not from his/her particular knowledge or expertise but from the fact he/she works in a large (often HQ) office.</p>



<p>The silent expert, probably from a small office who almost certainly has valuable experience to bring to the discussion, but who won’t speak out for fear of being mocked by the bully.</p>



<p>The smart-arse loudmouth who thinks he/she knows the answer to everything, who almost certainly knows less than the silent expert but who goes for it anyway if only to goad the corporate bully.</p>



<p>I was without question in this last group. Probably still am.</p>



<p>When it came to dot-joining the small Leo Burnett offices were genius. They had to do everything in-house, and collectively to survive against their larger local competitors. If they didn’t work out how to join the dots they would fail.</p>



<p>Many of my counterparts in Chicago, like so many HQ staff the world over, were corporate bullies. Personally, they were and are delightful people. But professionally they had titles to justify, departments to protect, budgets to fight for, internal arguments about status to win.</p>



<p>They weren’t going to join up any dots for anyone unless they designed the dots, held the crayon and wrote the instructions.</p>



<p>To be successful in the dot joining business everybody concerned needs to want to do it, to believe in it and to be prepared to work hard to deliver to it.</p>



<p>If you work for a large organisation which has been offering multiple services over decades, and whose management suddenly starts talking about joined-up thinking, almost certainly as a precursor to job cuts (fewer people to think disjointed thoughts), you’ll fail.</p>



<p>If joining the dots is another way of saying certain people have to give up status in the name of collaboration, you’ll fail.</p>



<p>If you can see that there is too much siloed thinking, that there’s a value to the client in collaboration, and that that value has the potential to lead to higher fees, you’ll succeed.</p>



<p>The client wants and expects a finished jigsaw, as per the picture on the front of the box.</p>



<p>More often than not what he actually gets is a box full of pieces that don’t fit together and were shoved into the box at random when a load of other jigsaws fell on the floor.</p>



<p>Best to go with those with the picture, not with the guys forcing pieces together with a hammer.</p>
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		<title>Meanwhile..</title>
		<link>https://www.bjanda.com/blog/meanwhile/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 16 Mar 2023 12:47:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1710</guid>

					<description><![CDATA[Sometimes I think this blog is turning into a veritable grump-fest. Nothing’s as good as it used to be; ads suck; social media is destroying democracy; ad fraud is funding drug cartels; pitches are badly run and anyway are all about saving money. And on. You’ll be pleased to know that in the doom and [&#8230;]]]></description>
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<p>Sometimes I think this blog is turning into a veritable grump-fest. Nothing’s as good as it used to be; ads suck; social media is destroying democracy; ad fraud is funding drug cartels; pitches are badly run and anyway are all about saving money. And on.</p>



<span id="more-1710"></span>



<p>You’ll be pleased to know that in the doom and gloom context, this week’s post is a positive ray of sunshine (no, not really).</p>



<p>Today’s text is: whatever happened to media agencies as a driver of industry-wide debate?</p>



<p>There are so many things going on that need not a knee-jerk sound-bite but a professional, informed and clear point of view to help advertisers plot their way through the mess.</p>



<p>I never see media agency leaders in the national press, on mainstream TV, even on broad business sites. Maybe I consume the wrong things.</p>



<p>Other disciplines seem to do this rather better – you can’t move for planners, futurologists, trade body leaders, even bloggers and podcasters popping up here and there, but with so many of today’s hot topics being to do with how and where money is spent the absence of our top agencies’ bosses is noticeable.</p>



<p>When the mighty do come down to walk amongst us they rarely stray far from their comfort zone.</p>



<p>Most interviews with media agency CEOs are sycophantic, managed by in-house PRs and don’t deviate from speaking about the general wonderfulness of their agency. Frankly, beyond their own staff it’s hard to know who cares. Still – as long as the agency enters the awards run by the trades, and takes ad space in those year-end ego-massaging lists what’s the harm?</p>



<p>This never used to be the extent of agency comment (here I go again). Maybe today’s cohort are just more fearful of their corporate bosses, or of daring to criticise the massive vendors, in which case that’s rather sad.</p>



<p>What does the media agency community think of what’s happening at Twitter? In this particular case we do sort-of have an idea. AdAge reported that WPP were <a href="https://adage.com/article/digital-marketing-ad-tech-news/wpps-support-twitter-opens-possibility-advertisers-return/2475611">considering using Twitter again</a>.</p>



<p>10 years ago <a href="https://www.wpp.com/news/2013/06/twitter-and-wpp-announce-global-strategic-partnership">WPP announced a partnership with Twitter</a>: “A global strategic partnership that will greatly expand collaboration between the two organisations. Covering data and analytics … the agreement spans several WPP units – including GroupM … and … Kantar.”</p>



<p>Surely it would be worth asking GroupM or Kantar Media, with unique access to all that data to comment on the impact the current ownership is having on the platform?</p>



<p>Maybe the ‘global strategic partnership’ was short-lived.</p>



<p>Sometimes agency leaders do break cover to comment on what they see as the issues of the moment.</p>



<p>One senior media agency figure was attracting attention the other day from the smarty-arse brigade (of which I’m a fully paid up member) for boasting on LinkedIn that an ad she had placed had reached “1.3bn impressions today alone. And we’re not done yet…”</p>



<p>As Dr Augustine Fou commented: “How was the 1.3bn impressions achieved in ONE DAY??” I, and I am sure Dr Fou have a pretty good idea.</p>



<p>What good does it do to quote fake numbers to your client, let alone boast about such meaningless dross in public?</p>



<p>If you feel the urge, why not instead comment on the need to clean up the data emerging from behind walled gardens?</p>



<p>Or, if you’re felling strong what about the goings on at Fox News and the implications for advertisers?</p>



<p>Or whether the Lineker affair here has brought the commercialisation of the BBC closer, and if so what are the implications for the current commercial media landscape?</p>



<p>Or should advertisers worry about the context in which their ads appear? Does it matter if they are accused of fuelling hate? Or should advertising and editorial retain their distance, even online?</p>



<p>Or why should advertisers advertise on social media at all? After all, the editorial free-for-all on Facebook, Twitter, YouTube, TikTok and the rest are often scary places for a brand to venture. And even when they do go there no-one likes the ads, even if they notice them which often they don’t.</p>



<p>These are nuanced and difficult topics – which is why the opinions of those who are paid to advise their clients on anything and everything to do with the media world are potentially so valuable.</p>



<p>Advertisers are often criticised by their agencies for only caring about the numbers, about procurement, about auditors.</p>



<p>This is inevitable if the agencies don’t give them any other means to judge them.</p>



<p>Media agencies need to regain advertisers’ trust. One way to do that is to be seen to add value – real value – to the business.</p>



<p>Yes, but 1.3bn impressions? *Smirks*. You can’t argue with the numbers.</p>



<p>Even if they’re made-up, unverifiable, full of fraud and nothing to do with business success?</p>



<p>It’s really rather pathetic.</p>
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		<title>Saying and Doing</title>
		<link>https://www.bjanda.com/blog/saying-and-doing/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 Mar 2023 14:32:09 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1707</guid>

					<description><![CDATA[A week or two ago, Marc Pritchard, Procter and Gamble’s Chief Brand officer took to the ANA stage to give a keynote speech. He chose to call this ‘Resetting the Bar’; you can find the article he published to go alongside his remarks here. The whole speech / article struck me as odd, not so [&#8230;]]]></description>
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<p>A week or two ago, Marc Pritchard, Procter and Gamble’s Chief Brand officer took to the ANA stage to give a keynote speech. He chose to call this ‘Resetting the Bar’; you can find the article he published to go alongside his remarks <a href="https://www.linkedin.com/pulse/resetting-bar-brand-communication-marc-s-pritchard/?trackingId=4Zfj%2FgH0SOGF1eDdkpvQvQ%3D%3D">here</a>.</p>



<span id="more-1707"></span>



<p>The whole speech / article struck me as odd, not so much resetting as regressing, at least as far as the media components are concerned.</p>



<p>I should say at this point that it is no great exaggeration to state that I owe my career in large part to Procter and Gamble. I worked on the business in the UK, and then globally at Leo Burnett; the CEO at Aegis who subsequently hired me was ex-P&amp;G and my experience certainly did me no harm. They taught me more than any other advertiser with whom I’ve worked.</p>



<p>When Burnett first won the business, from what was then Y&amp;R, in the early 1980’s, I remember having a drink with the other Procter agency Media Directors. As the new boy I said I found the whole business overwhelming, weird even.</p>



<p>Procter had their own language of acronyms, their own TV deals, their own rules and guidelines. I admit I struggled in the early weeks.</p>



<p>John Perriss, the Saatchi Media Director described them to me as the ‘best client in the world’. To paraphrase him,: ‘They believe in advertising, they’re fair, they’re highly professional and ethical; they believe in paying their agencies top dollar for the best people. They spend a load; they pay on time. They’re loyal to their agencies. They’re the best’.</p>



<p>I remember thinking John had drunk too much of the Kool-Aid.</p>



<p>I learnt; he was 100% right.</p>



<p>There was and is something else about Procter. They saw themselves then and I suspect they still see themselves as leaders of the industry, as having a responsibility to speak up for advertisers.</p>



<p>They never used to talk publicly, but their support of ISBA, and the various industry bodies and JICs was impressive if understandably self-interested. P&amp;G got what P&amp;G needed because P&amp;G turned up.</p>



<p>Nowadays they talk a lot more in public – which is a good thing – and Marc Pritchard is much in demand on platforms, understandably.</p>



<p>You just know there’s a BUT coming…</p>



<p>I have a sense that today they talk more and do less.</p>



<p>In 2017, at a similar event, Pritchard made what Mark Ritson called ‘The most important marketing speech of recent times.’ The Cog Blog <a href="https://www.bjanda.com/blog/procter-leads/">summarised it here</a>.</p>



<p>There was much talk of insisting on Facebook etc introducing objective measurement and verification. Of keeping to MRC standards. Of cutting out the inefficiency of all those middlemen involved in online buying.</p>



<p>Procter introduced a boycott of some of the social media platforms soon after. Most shrugged and just carried on with business as usual. I don’t think that boycott is still in place.</p>



<p>Today, what are the biggest issues facing the advertising media business? Fraud, certainly. Hate speech? Lack of editorial control over online media platforms? Lack of truthfulness? Political interference in investigative reporting?</p>



<p>How many of these issues does Marc cover in his 2023 speech?</p>



<p>As far as I can tell (I wasn’t there and have only read the article) the answer is none.</p>



<p>Instead, he talks of understanding consumers more, increasing reach, reducing excessive frequency, ensuring more of a focus on advertising effectiveness, and working more productively.</p>



<p>None of these things are unimportant, but are they really the most important issues of the day? They sound a bit 1980s to me, updated with the latest in personalisation, creative diversity, and a few attention metrics.</p>



<p>The ad business is facing many huge issues. How we tackle them is a subject for much debate and discussion. The blurring of the line between interference in editorial matters, and supporting responsible journalism (well done <a href="https://www.groupm.com/newsroom/groupm-introduces-back-to-news-initiative-to-drive-investment-in-responsible-journalism/">GroupM for their Back to News initiative</a>) is but one example.</p>



<p>Ad fraud, which remains rampant throughout the programmatic ecosystem and appears to be largely ignored by the ANA, whose latest pronouncements couldn’t even agree on an estimate of the size of the problem, remains a massive drain on marketing budgets.</p>



<p>These are the sorts of issues where an advertiser like P&amp;G can truly provide leadership. Not everyone will agree with whatever they say, but just by speaking out they would aid discussion and debate.</p>



<p>And that would be a great thing; if rather more controversial than maximising reach.</p>
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		<title>How Versus How Many</title>
		<link>https://www.bjanda.com/blog/how-versus-how-many/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 02 Mar 2023 10:04:30 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1704</guid>

					<description><![CDATA[One of my pet peeves when it comes to social media (and believe me I have a lot of them) is the deliberate confusion between opinions and facts. This usually takes the form of: ‘I know that many agree’ or ‘I speak for many when I say..’ when the reality is that the writer spoke [&#8230;]]]></description>
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<p>One of my pet peeves when it comes to social media (and believe me I have a lot of them) is the deliberate confusion between opinions and facts. This usually takes the form of: ‘I know that many agree’ or ‘I speak for many when I say..’ when the reality is that the writer spoke to some bloke in the pub who shrugged and said something like: ‘Yeah, seems like a good idea.’</p>



<span id="more-1704"></span>



<p>This is the sort of rubbish that gives genuine research a bad name, and whilst you may think a few idiots sounding off on Twitter really doesn’t matter much, lies and misinformation are so often amplified. Just repeating them gives them credibility. Frequency works.</p>



<p>Look at the <a href="https://www.theguardian.com/media/2023/feb/27/rupert-murdoch-deposition-dominion-lawsuit-fox-news">current controversy over Fox News</a> in the US, with even Rupert Murdoch admitting some of his presenters endorsed what they knew were lies concerning the result of the 2020 US election. Why did they say things on-air that they knew and admitted privately were untrue? To placate their core audience.</p>



<p>We’ve arrived at a strange moment when a news network chooses to replay the biased opinions of elements of its audience back at it, as exposing that audience to a balanced view might risk some of them deserting the channel.</p>



<p>Some people will only accept their own truths.</p>



<p>Fox is certainly not unique. Lies and misinformation gain credence because they’re on the telly. The medium enhances the message.</p>



<p>On the other hand, paying insufficient attention to what people believe and do is an important counter to relying purely on the data (or indeed the AI source material).</p>



<p>We need to get out more, to look about us more.</p>



<p>Take our current obsession with the extreme targeting of ads. Many have bought into the narrative that every ad can and must be personalised for it to work optimally.</p>



<p>I think this is hogwash. First, as <a href="https://www.amazon.com/Why-Does-Pedlar-Sing-Advertising-ebook/dp/B08WC3QDQB">Paul Feldwick’s excellent book</a> points out, brands become famous in part through messaging that is shared, through the sort of short-handing that emerges from, or creates a common experience.</p>



<p>Next, personalisation is not quite as brilliant as we might like to believe. Look around you.</p>



<p>I get mailers all the time addressed to ‘The Occupier’; letters that start ‘Dear Sir or Madam’; online notifications to do something I am clearly not going to do (like claim my prize at my local Walmart).</p>



<p>Last week I bought a pair of shoes online. So why am I still receiving messages to buy another pair of the exact same shoes?</p>



<p>Yes, I’ve heard of retargeting; and spam; and lists, but really…is that the best you can do? You can’t even get my gender and country of residence right.</p>



<p>We should pay more attention to our own behaviours and the behaviours of those around us and marry those insights with those emerging from data.</p>



<p>For example, I know perfectly well that social media platforms reach a lot of people. I also know that online ads on social media drive me nuts. They get in my way, they stop me doing stuff, they are intrusive in the worst possible way. Yes, I’m ‘reached’ but I resent it.</p>



<p>I also know that I am not alone in thinking this (I met this bloke in a pub …). Proper, grown-up research by a proper grown-up research company, Kantar supports my own feeling. Check out their Dimension studies if you doubt me.</p>



<p>Attention studies from Lumen, and Amplified Intelligence show that people simply don’t engage with social media ads. They spend the minimum time they can with them. Surely if they liked them, got something from them they would spend longer engaging with the content?</p>



<p>Yes, yes, but think of the numbers. I would say certainly think of the numbers, then apply some common sense, based on your own life-experiences to temper what the data tells you.</p>



<p>In golf it’s often said that it’s not the how it’s the how many. This expression is used to describe someone hitting bad shot after bad shot and yet somehow getting the ball in the hole in a respectable number.</p>



<p>Media has become like golf. We only care about the how many, not the how.</p>



<p>Anyone who plays golf will know you can fluke it once or twice but eventually you need the skill of the how to set alongside the bald facts in the how many.</p>
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		<title>TV or Not TV</title>
		<link>https://www.bjanda.com/blog/tv-or-not-tv/</link>
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		<pubDate>Thu, 23 Feb 2023 12:28:49 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1702</guid>

					<description><![CDATA[Television is the most effective advertising medium ever invented. No ifs, buts or maybes; ask anyone to recall their favourite ad and odds are it will be a TV ad. Ask the world’s biggest and best marketers to nominate the last medium they would ever remove from their plans, and it will be TV. Back [&#8230;]]]></description>
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<p>Television is the most effective advertising medium ever invented. No ifs, buts or maybes; ask anyone to recall their favourite ad and odds are it will be a TV ad. Ask the world’s biggest and best marketers to nominate the last medium they would ever remove from their plans, and it will be TV.</p>



<span id="more-1702"></span>



<p>Back in the day (old git alert) buying campaigns on TV was not easy but it was one dimensional.</p>



<p>TV was a seller’s dream. A limited supply meeting ever-increasing demand within a monopoly (ITV back then also sold Channel 4). Revenues grew way ahead of any inflation despite what was referred to at the time as a ‘catastrophic ratings decline’. There was a whiff of arrogance.</p>



<p>Sales Directors sailed past in their limos whilst advertisers waited for the bus (and in case you think that’s a bit colourful I witnessed that exact thing at the annual TV Conference in Copenhagen in 1987).</p>



<p>Regardless of the behaviours of certain larger-than-life ITV Sales Directors advertisers kept coming back for more. Why? Because it worked.</p>



<p>ITV had laid the groundwork, brilliantly. They ensured audiences were well measured, so you could buy with confidence. They invested in a comprehensive research programme into consumer purchases, called the Television Consumer Audit, or TCA, and used it to demonstrate effect to even the most cynical of advertisers.</p>



<p>As an agency you bought ratings for a price. You made sure you got what you paid for. Auditors ensured you paid the right price for whatever it was.</p>



<p>TV was a bought medium, one dimensional. Within this world ITV ruled – the Big 5 ITV Companies controlled every aspect from deciding on what shows were made for network distribution and by whom, and when they would be scheduled. Independent producers didn’t get a look in. This was a chumocracy, par excellence.</p>



<p>Today, we talk, accurately of video not TV. Legacy broadcasters have a fight on their hands. They are still amongst the most effective of advertising channels, but they no longer take the money as a matter of course. Money follows audience (unless you’re in a monopoly when money flows in despite audiences) even when the way that ‘audience’ is defined is questionable.</p>



<p>Planning is at a premium. Concepts like brand safety, verification, context, sustainability, attention, sales outcomes are all out there and are being discussed.</p>



<p>Within this world broadcasters still offer advertisers great benefits. They’re the premium, the quality channel in a world where ‘premium’ is worth a lot. No-one worries about brand safety, or verification on TV; context is out there and can be recognised and / or acted upon.</p>



<p>‘Premium’ is a planning conceit; it needs definition, a shape in order to be recognised. To stand out from the online platforms, from the fraudsters and their bots.</p>



<p>Today’s media battles are fought by planners, not buyers. Buyers buy plans; planners don’t post-rationalise buys. I know that’s not as black and white as I’ve painted it, but it’s a darn site better than it used to be.</p>



<p>The planner’s world is a cross-media one – with advertising as one technique to consider alongside other communication channels. Within advertising there’s every channel you’ve ever heard of and some you haven’t. Within channels there are vehicles. Within vehicles there are buying opportunities for the buyer to unearth.</p>



<p>At the top of that pyramid sits the advertiser with decisions to make. Decisions that need maps, guidance, or as we refer to it ‘research’.</p>



<p>Research that needs to be controlled and paid for by the beneficiary of objectivity in planning. That beneficiary is the advertiser; the benefit a more effective use of his budgets.</p>



<p>The focus has shifted from buyer to planner, from channel to advertiser. Many would say that’s where it should have been all along.</p>



<p>This switch in focus, from buyer to planner to advertiser is behind Origin and other related WFA-driven programmes. From the outside, ISBA seems to be driving Origin along single-mindedly, hiring well and setting up the mechanisms to fund their work in part via an advertiser levy.</p>



<p>The broadcasters, not just in the UK should support such an initiative. They need to be on the inside, promoting their values of quality and ensuring those qualities are embedded in the programme. Their hesitation driven by concerns over the online giants is understandable, but better to be on the inside influencing outcomes, not howling at the moon on the outside.</p>



<p>Remember when the online evangelists told us TV was dying; and Tess Alps made her famous remark that far from dying TV was having babies?</p>



<p>The babies are now grown-ups. Time to move on, to make their mark.</p>
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		<title>From Outputs to Outcomes</title>
		<link>https://www.bjanda.com/blog/from-outputs-to-outcomes/</link>
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		<pubDate>Fri, 17 Feb 2023 10:42:06 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1699</guid>

					<description><![CDATA[There are enough trite slogans around the advertising and media world to fuel a month’s worth of ChatGBT generated content. Indeed, many feature both ‘ChatGBT’ and ‘content’, so we’re off to a flyer. Right up there near the top of the league table of vacuous statements is the mantra that we ‘need to move from [&#8230;]]]></description>
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<p>There are enough trite slogans around the advertising and media world to fuel a month’s worth of ChatGBT generated content. Indeed, many feature both ‘ChatGBT’ and ‘content’, so we’re off to a flyer.</p>



<p>Right up there near the top of the league table of vacuous statements is the mantra that we ‘need to move from outputs to outcomes’. I think I first heard it used (by the client) at a global Coca-Cola meeting in the mid 1990’s; I thought then it was profound.</p>



<span id="more-1699"></span>



<p>Now, 30-odd years later I find it less profound and more trite – given that we have made such little progress towards the goal.</p>



<p>Only last week Kelly Abcarian, NBCU’s EVP, Measurement and Impact had this to say: “Advertisers don’t just want to know the audience they have reached. They want to understand the impact of their investment”.</p>



<p>Anything that puts more information in the hands of planners is good, but surely what advertisers really want to understand is the effect of their spend on their business.</p>



<p>This is so obvious, and so often ignored. Probably because it’s too difficult.</p>



<p>Standing back for a moment, it is remarkable that so many advertisers commit such huge sums of money without fully considering the real-world consequences.</p>



<p>Would they commit to a new plant without first considering every angle, every consequence? Of course not. And yet ad spends are signed off on targets related to audience reached, not business gained.</p>



<p>The move to online has only made things worse. Now it’s not audience reached, but metrics bought. The scourge of ad fraud, a topic many seem to not want to talk about, and don’t want to look into too deeply in case someone has to admit some responsibility for wasting money, impacts everything.</p>



<p>Like many who write blogs, or opinion pieces I frequently get told I’m ‘anti-digital’. Apart from this being about as meaningful as saying I’m anti-air, it is clearly rubbish given where you’re reading or accessing this blog.</p>



<p>What I am against is wasting money and attracting budgets via false pretences.</p>



<p>What I’m all for is accountability – not the sort that says ‘here are your campaign metrics as measured by us and verified by no-one’. Nor the sort that says last touch attribution is all that matters; or that believes that clicks are any meaningful measure of anything.</p>



<p>These assumptions, which most in the industry know are based on at best very little, are dangerous. Money gets allocated on the back of them.</p>



<p>And once that happens the conclusion is drawn that advertising doesn’t work as well as it used to or should. Maybe because the purchasing power of bots is, shall we say ‘limited’.</p>



<p>We need to stand back more often, outside of the bubble we’ve created.</p>



<p>There are plenty of clever people around who claim to be able to measure the true business impact of advertising.</p>



<p>How good they are, the pros and cons of the different approaches are topics for another day, but to start with we need to convince our clients to spend a little more on measuring the effect on their &nbsp;business of their marketing and advertising efforts, and less on worrying over metrics inflated by fraud.</p>



<p>This series of three posts started with a <a href="https://www.bjanda.com/blog/ring-the-bell/">discussion with Bob Hoffman</a> over the changing times we live in.</p>



<p>It’s easy to hark back to a non-existent golden age. As Bob says, most ads back then were rubbish, but occasionally a gem shone through.</p>



<p>What was true back then was a greater focus on and appreciation of creativity. Sometimes this worked its way through into the gems, often it didn’t.</p>



<p>Media was about cost and basic audiences. There were exceptions but looking back there were client-driven examples of taking the thinking on, beyond the basics. P&amp;G as one example had their ‘strategic minima’, levels below which it simply wasn’t worth advertising. Kellogg’s had their global norms; McDonald’s their inter-media comparisons. I never worked on Mars or Unilever but I bet they had their base principles too, created out of real-world experiences of what worked for them.</p>



<p>These people worried about value, of course but it was relevant value.</p>



<p>This is what we need to regain. An understanding of what works, and what doesn’t. An appreciation that when advertisers spend money <a href="https://www.bjanda.com/blog/tick-tock/">they expect, quite understandably to sell more beans</a> (as I said in the second in this series).</p>



<p>The clever people and their models need to be celebrated, and their work brought far more front and central.</p>



<p>We all (agencies, consultants, auditors) need to promote a culture amongst our clients that media metrics, be they GRPs, reach, frequency, quality indices, attention scores, whatever are but a means to an end. They’re stepping stones along the path to success.</p>



<p>They’re not the end in themselves.</p>



<p>It’s about time we focussed on measuring ‘the end’.</p>
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		<title>Tick Tock</title>
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		<pubDate>Thu, 09 Feb 2023 12:18:30 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1697</guid>

					<description><![CDATA[Last week’s post ended rather elliptically with references to bells ringing and clocks ticking. I promised to continue this week; so here goes. I think the ad business has a problem. Furthermore, it is in large part self-inflicted. Things started to go wrong when we put the media chaps in charge (before reaching for your [&#8230;]]]></description>
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<p>Last week’s <a href="https://www.bjanda.com/blog/ring-the-bell/">post ended rather elliptically</a> with references to bells ringing and clocks ticking. I promised to continue this week; so here goes.</p>



<p>I think the ad business has a problem. Furthermore, it is in large part self-inflicted.</p>



<span id="more-1697"></span>



<p>Things started to go wrong when we put the media chaps in charge (before reaching for your angry crayon, could I ask you to look up my resume).</p>



<p>Media chaps like nothing more than big audience numbers acquired cheaply. The more audience the better; the cheaper the better.</p>



<p>This is an argument that’s easy to understand and many from media auditors through to procurement managers have enhanced their careers from understanding it.</p>



<p>You could certainly make the case that way back when in the offline days, taking TV as an example, the only metrics worth worrying about were ratings bought and price paid.</p>



<p>Back then, if you wanted to sell beans, you made a commercial extolling the virtues of your beans, bunged it on TV, spent an hour or two listening to the agency boasting about how it had just bought the cheapest campaign in the history of campaigns, and watched sales of beans explode off the shelves.</p>



<p>The issue back then was the commercial. What to say about beans? How to say it? Where to film it?</p>



<p>The media piece was less controversial and more to do with ensuring value for money.</p>



<p>Today? Well, it’s a tad more complicated. You still want to sell beans to people. You still know a bit about who buys them, and who might be persuaded to buy them. Certainly you have many more options when it comes to delivering the message but the basics remain. It’s the execution that’s changed.</p>



<p>You still need what today we have to refer to as ‘content’.</p>



<p>This could be a commercial. Or an influencer reclining on a sun lounger whilst doing everything except eat beans. Or a Tik Tok film putting bean-eating to music. Or a YouTube video showing how to open and heat a can of beans. Or any combination of the above, and more.</p>



<p>You could of course write this content yourself using ChatGPT. By the time I’ve finished typing this sentence you’ll be able to make a film using ChatGPT. You probably already can and I just don’t know about it.</p>



<p>You could place your masterpiece programmatically against an audience defined as heavy eaters of beans who also like toast and a fried egg. You could personalise the cans. You could ensure that the only people to see your content are called Brian and live in South West London.</p>



<p>A few things are then likely to happen. First, no-one you know will ever see or more to the point remember your content. No-one will have heard of your beans and those that have will have done so only because they keep deleting ever-more desperate messages to sign-up to our ‘film yourself eating our beans, place it on Instagram and win a million’ competition.</p>



<p>Few will buy them.</p>



<p>On the plus side we managed to buy gazillions of … something. We optimised impressions, we maximised coverage, we capped frequency. We know this because the nice people from whom we bought the ad space and time told us so.</p>



<p>Fraud? We used our own proprietary system to stop that happening. Yes, we developed it all ourselves. No, I don’t know how it works (but then, if I had someone explain it nor would you). But it’s brilliant.</p>



<p>Attention paid? We built that in at the planning stage. You must remember the slide in the presentation.</p>



<p>Regardless, even better than some spurious attention metric, a majority of Brians living in South West London answered positively to a social media poll: ‘Do you ever fancy beans?’</p>



<p>The sample? Oh, more than enough.</p>



<p>How did we find them? We have our ways. Proprietary ways. Blah blah tracking.</p>



<p>Sadly, someone somewhere will eventually notice that sales of beans have tanked. Questions will be asked. Answers based on spurious metrics of online impressions won’t impress.</p>



<p>Advertising doesn’t work; budgets will be cut. Agencies will get fired.</p>



<p>Now I know this is silly. No-one can be this daft (although Heinz gave it a good go many years ago stopping all advertising and putting their faith in promotions and other BTL communication), and nothing’s ever black or white, but the main point stands.</p>



<p>Advertising is becoming less liked, eventually it will work less well because it’s less liked. This is more of an issue online than offline, but as advertisers follow audiences it’s online revenues that are growing.</p>



<p>So, the bigger share of the cake is working less well.</p>



<p>That only ends one way; and it’s not with a bigger cake.</p>



<p><em>To be continued..</em></p>
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		<title>Ring the Bell</title>
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		<pubDate>Thu, 02 Feb 2023 09:47:05 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1693</guid>

					<description><![CDATA[Last week I had the pleasure of having lunch with Bob Hoffman, aka the AdContrarian. Bob has decided to stop his weekly blog posts (although he will continue writing and speaking) – which is a loss for the industry as a whole and something of a disaster for me given the number of times the [&#8230;]]]></description>
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<p>Last week I had the pleasure of having lunch with Bob Hoffman, aka the AdContrarian. Bob has decided to stop his weekly blog posts (although he will continue writing and speaking) – which is a loss for the industry as a whole and something of a disaster for me given the number of times the Cog Blog has been inspired by his work.</p>



<span id="more-1693"></span>



<p>In a world of holding company blandness we need more contrarians.</p>



<p>Bob and I are of a similar vintage; we grew up (on different sides of the Atlantic) during an era when advertising was driven by original ideas, generated by ad agencies run by people who believed, who knew that their ideas contributed to their clients’ successes.</p>



<p>The ads ruled, agency principals would resign business rather than pass through poor work. In my case the legendary Norman Berry once fired a client for daring to question his judgement on a professional trade magazine ad.</p>



<p>Yes, they sometimes went to extremes, but the reputation of their agencies mattered and what made those reputations were the ads.</p>



<p>Back then clients hired agencies because they (the client) couldn’t do what the agencies did. These clients didn’t want a nodding dog, nor did they want a glorified note taker nor a numerate technocrat.</p>



<p>They wanted ideas, great ideas beautifully executed by people who knew how to deliver.</p>



<p>They were right to want these things and to believe in their agency’s ability.</p>



<p>It’s often forgotten that there were brave clients behind those great ads. Imagine selling the Sony Board on spending tens of millions throwing <a href="https://en.esloganmagazine.com/bouncing-balls-by-sony/">hundreds of thousands of coloured balls down a San Francisco hill in order to sell your TVs</a>. All the time knowing it was one take or bust.</p>



<p>Today’s marketing geniuses would be cutting that ad into pieces, personalising each one.</p>



<p>Bob was a writer and creative director; I was a media planner and geek. One of my bosses once described me as being a media guy who ‘cared about the creative work’. I took that as a compliment, and a sign that he’d been mixing with the wrong type of media person; I wasn’t that unusual. Some of us preferred ads to deals.</p>



<p>I knew full well that I couldn’t do what the creatives did, but then again, they were hopeless at audience measurement.</p>



<p>We worked together to deliver something that worked.</p>



<p>Sometimes.</p>



<p>It would be quite wrong to look back on some sort of golden age where everything we did was genius. Of course, it wasn’t.</p>



<p>Bob’s valedictory blog makes the point that: “During my many years in the business, advertising was overwhelmingly crap. There were, however, instances of excellence among the dross … there were moments when video, audio, print, and poster advertising strived to provide new and stimulating ideas to the world. I don&#8217;t think any serious person today considers advertising anything much more than a constant annoyance”.</p>



<p>And it was fun. Today it really isn’t. And that shows in the work.</p>



<p>Bob has stopped his blog because, in his own words: “(… in 2022) the big news in the advertising world was not about anything remotely interesting. It was about some of the world&#8217;s biggest assholes &#8212; Mark Zuckerberg and Elon Musk. Writing about advertising is one thing. Writing about creeps like that is quite another”.</p>



<p>As an antidote, Bob told a David Ogilvy tale, which he was then kind enough to send me in the original from ‘Confessions of an Advertising Man’:</p>



<p>“I was once invited to a corporate meeting, to compete for a major account. When I entered the board room, the chairman said this:</p>



<p><em>“Mr Ogilvy, we are interviewing several agencies. You have exactly fifteen minutes to plead your case. Then I will ring this bell and the next agency waiting outside will follow you.</em></p>



<p>“I asked: <em>How many people will be involved in the decision?</em></p>



<p>“The chairman replied: <em>The twelve members of the Committee here today”.</em></p>



<p>“I responded: <em>Ring the bell.</em> And rose from my chair”.</p>



<p>Ring the bell; or to bastardise another line from Ogilvy, this time <a href="https://swiped.co/file/rolls-royce-ad-by-david-ogilvy/">from an ad that certainly did run</a>: ‘You can hear the clock ticking’.</p>



<p><em>To be continued..</em></p>
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		<title>Encouraging Talent</title>
		<link>https://www.bjanda.com/blog/encouraging-talent/</link>
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		<pubDate>Thu, 26 Jan 2023 10:18:27 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1690</guid>

					<description><![CDATA[This week’s Ad Association report that the number of people working in advertising and marketing has fallen by 14% in 3 years is concerning. As The Media Leader reports: “HR leaders across the industry have advised that skill shortages have been most acute at entry-level and at mid-level (people 3-5 years into their careers)”. Certain [&#8230;]]]></description>
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<p>This week’s Ad Association report that the number of people working in advertising and marketing has fallen by 14% in 3 years is concerning.</p>



<p>As <a href="https://the-media-leader.com/ad-association-action-plan-addresses-talent-exodus/">The Media Leader</a> reports: “HR leaders across the industry have advised that skill shortages have been most acute at entry-level and at mid-level (people 3-5 years into their careers)”.</p>



<span id="more-1690"></span>



<p>Certain conversations stay with you down the years. When I was in my early 20’s I somehow managed to get myself an introduction to a well-known advertising luminary of the time. I was excited, and nervous to meet him (I’m going to keep his name to myself). He sat me down in his office and asked me what he could do for me.</p>



<p>I said I wanted advice on getting started in an ad agency.</p>



<p>He told me not to go anywhere near agencies (he was working for one of the largest); they were doomed and wouldn’t exist in a few years.</p>



<p>I thanked him for his time, went home, decided to think for myself and ignored him.</p>



<p>Some years later my parents were at a dinner party. My mother was placed next to a well-known ad sales director (well-known to me; my mother had no idea who he was).</p>



<p>When it was established that this guy knew her son, my mother asked for his view on my career, such as it was at that time. What can I say, she was my mother.</p>



<p>He’s doing fine, said the ad director but he needs to get out of the research and planning side. There’s no future in it. He said this TO MY MOTHER!</p>



<p>You can imagine the phone call early the following morning.</p>



<p>Decades later I was on a platform at a conference on a panel with several other media / ad people.</p>



<p>Would we, we were asked by the moderator encourage our children to go into a career in media agencies.</p>



<p>Aside from the fact that both my daughters are well established in their careers, and neither are in an agency I said I would. I was the only person on that panel who was positive.</p>



<p>There are a mass of reasons to avoid media agencies. Lack of trust, historic obsession with buying, too close a relationship with certain vendors, failure to stand up to their clients’ irrational views on certain media channels, being disintermediated, threatened by specialist agencies, not getting on the front foot with fraud. And so on.</p>



<p>I do think that advertising per se faces an existential threat; or rather if things continue it faces a pared-back role in the face of short-termism, political interference and of course fraud.</p>



<p>Plus there are problems in agency revenues being hit by direct selling specifically by online channels; in advertising still being seen as a cost rather than an investment, and so on.</p>



<p>Advertising can be a force for good in business, aside from the fact that it can add value by transforming a product into a brand. I believe that to do those things we need the best people in the industry.</p>



<p>We shouldn’t pull the drawbridge up behind us; rather we should encourage, advise and persuade the best to join / stay in the industry.</p>



<p>We should celebrate our many successes and seek to elevate our industry amongst the broader business community by moving outside our own (very little) bubble.</p>



<p>We should be positive but in no way complacent; looking to move forward and improve what we do and how we do it.</p>



<p>I would love to think that the young me of today would follow his instincts and (like the real young me of so long ago) ignore the doomsayer old gits.</p>



<p>To my fellow old gits of today I would only say: play it forward.</p>
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		<title>An Epistle from the Heathens</title>
		<link>https://www.bjanda.com/blog/an-epistle-from-the-heathens/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 18 Jan 2023 14:26:31 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1687</guid>

					<description><![CDATA[I often catch myself staring out of my office window. My garden shed is I admit dull, but when the option is to read still more on developments within the US TV audience measurement world, its permanence reassures. For those not fully up-to-speed with this issue, this post is here to provide a cynical (and [&#8230;]]]></description>
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<p>I often catch myself staring out of my office window. My garden shed is I admit dull, but when the option is to read still more on developments within the US TV audience measurement world, its permanence reassures.</p>



<p>For those not fully up-to-speed with this issue, this post is here to provide a cynical (and I suppose I should make clear not a literally accurate) point-of-view.</p>



<span id="more-1687"></span>



<p>For a far more sensible, extensive, balanced evaluation of what’s going on <a href="https://www.asiconferences.com/what-does-the-us-jic-announcement-actually-mean/">read this from the guys at asi.</a></p>



<p>If you think the current situation warrants a wry smile, carry on.</p>



<p>The provider of the prime measurement service to the US broadcast industry is Nielsen. I believe it’s been Nielsen since before the invention of the television. Some say Nielsen was standing there and someone invented TV around it. It’s always been Nielsen. I think it must be the law.</p>



<p>Although Nielsen has the wherewithal to report otherwise the US industry talks almost only of programme ratings. No-one directly references the audience to commercials. These are nasty interruptive things (NITs) that get in the way of the art that fills American airwaves. Inconveniently these NITs pay for everything and so their presence has to be acknowledged, albeit with the sort of sneer a certain class of Brit reserves for the word ‘trade’.</p>



<p>Broadcast television is the only thing that works for US advertisers. This has been true since the dawn of time. Anyone who thinks otherwise is deluded.</p>



<p>That said, there is concern around the rise of strange organisations like Google, Facebook and TikTok. These things are evil, and fraudulent, the work of the devil and no advertiser in their right mind would ever spend any money with them (actually that bit isn’t quite so crazy).</p>



<p>Advertisers want big audiences. On TV. The bigger the better, as long as they’re on TV. If you’re an advertiser and believe you may want something else, targeted messages, say, you’ve been attending too many conferences and your brain has become warped. This is a curable condition. Just pop along to your nearest upfront and you’ll feel better soon.</p>



<p>Agencies want what advertisers want and do what advertisers do. If they depart from this way of thinking they’re wrong and will soon find out why via a review.</p>



<p>The US view is that the rest of the world knows nothing about advertising, media, audience measurement or indeed research in general. The rest of the world is mistaken.</p>



<p>The US media industry can appropriate descriptors for its organisations, regardless of those descriptors meaning something else, somewhere / everywhere else (a precedent was set with The World Series). When the US broadcast industry calls something a Joint Industry Committee or JIC then that is what it is. Established bodies in overseas (aka less sophisticated) markets, like the UK’s BARB which for many decades has thought itself to be a JIC needs to reconsider. It is clearly no such thing.</p>



<p>The US media industry is focused 1000% on providing value to advertisers. Value is defined by big numbers (like 1000%). If you believe that there is value to be had in concepts like contextual relevance, or attention paid to what’s on the screen, or to understanding audience behaviours you’re misguided. Or a socialist. Probably both.</p>



<p>Buyers buy big numbers. Editorial context doesn’t matter. Nor does behaviour. Nor do end-business-results. These things over-complicate – they get in the way of delivering the big numbers by making the big numbers smaller. And that’s a bad thing (see above).</p>



<p>Every now and again the US media industry starts a new body to demonstrate commitment to accuracy, and innovation. Their representatives are sent out into the world like missionaries, to convert the heathens.</p>



<p>The heathens (aside from the odd cynical blogger) are unfailingly polite to the missionaries. They nod a lot. And they don’t change a thing. The heathens know better.</p>



<p>Sometimes there’s talk of alternative currencies. New methods are talked about. Advertisers express concern using words like ‘transparency’ and ‘verifiable’. Agencies consider. Everyone knows you can’t have more than one true currency, whatever happens around the margins. The currency continues.</p>



<p>US multinationals’ marketing and media directors are brilliant speakers, with massive budgets. They are as a result listened to, and their thoughts largely ignored. Indeed, <a href="https://www.linkedin.com/feed/update/urn:li:activity:7021150298647752704/">by their actions or lack thereof</a> they eventually ignore themselves.</p>



<p>Life goes merrily along. Buyers buy and sellers sell. Programmes get made; detergent gets sold.</p>



<p>Until one day it doesn’t.</p>
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		<title>Hope</title>
		<link>https://www.bjanda.com/blog/hope/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 12 Jan 2023 14:20:29 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1683</guid>

					<description><![CDATA[I’m an optimist; it is with hope that the Cog Blog returns for the New Year. I don’t make grandiose predictions for the year ahead, like everyone else I haven’t got a clue what will happen except that it will likely be unexpected But I can offer hope. Here’s my 2022 list of eight. Are [&#8230;]]]></description>
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<p>I’m an optimist; it is with hope that the Cog Blog returns for the New Year. I don’t make grandiose predictions for the year ahead, like everyone else I haven’t got a clue what will happen except that it will likely be unexpected</p>



<p>But I can offer hope. Here’s my 2022 list of eight. Are there still grounds for hope?</p>



<span id="more-1683"></span>



<ol type="1"><li><strong>We get back to simplicity, to being creative.</strong></li></ol>



<p>Started to happen and needs to continue. The good work by the attention guys, Karen Nelson-Field’s Amplified Intelligence and Mike Follett’s Lumen among them has brought the importance of how audiences consume channels, as well as how many of them do the consuming, into focus.</p>



<p>It&#8217;s an important first step in the battle against the ‘biggest number wins whatever else’ brigade.</p>



<p>Sometimes the most creative wins; and if we can quantify that with some easy-to-understand metrics, so much the better.</p>



<ul><li><strong>Less prattle, more precision.</strong></li></ul>



<p>It’s sad how many conferences (and many trade papers) are still full of people selling, not shedding light. Many conference organisers pull off the impressive trick of being paid twice. Once by those buying a slot to speak, once by an audience thinking they’re hearing from the best as opposed to from those with the deepest pockets.</p>



<p>Sometimes these are the same people; often they’re not.</p>



<p>In the week after Jeremy Bullmore’s death we should all take the time to read, and learn from truly the best.</p>



<p>You could do far worse than make a resolution to starting your day with a Bullmore. <a href="https://www.bestofbullmore.com/?s=03">Here’s how.</a></p>



<ul><li><strong>Less self-interest, more collaboration to deliver business goals.</strong></li></ul>



<p>Positive signs as that once-endangered species the agency planner regains some primacy over their cost-at-all-costs colleagues.</p>



<p>There are even rumours that FB, Google et al are rethinking ‘attribution’ into something more sensible and aligned with business goals (not just <em>their</em> business goals).</p>



<p>I would extend this to the market research business. We need less research done to feed some meaningless internal dashboard; and more research feeding into models seeking to explain business results.</p>



<ul><li><strong>If you’ve got something to say, say it.</strong></li></ul>



<p>I may be optimistic, but I see more agency people more prepared to break cover. Maybe it’s because their clients are becoming more vocal, more critical of the state of the online media world (in particular).</p>



<p><a href="https://www.wsj.com/articles/ad-agency-ceo-calls-on-marketers-to-take-collective-stand-against-facebook-11545326768">It was 4 years ago that Mat Baxter got into trouble</a> with his employers at IPG for daring to criticise Facebook (IPG was an early stage investor in Facebook).</p>



<p>I’m not sure that would happen today although those hiding behind social-media pseudonyms may not agree with me.</p>



<ul><li><strong>Let’s focus on what truly matters, even if it doesn’t involve a trip to Cannes or Las Vegas.</strong></li></ul>



<p>I think we’re failing here, and in one area quite spectacularly. Fraud is the biggest problem we face as an industry, for dozens of reasons, and yet the agencies, their advertisers, the trade bodies all look the other way and focus on diversity and sustainability.</p>



<p>These are of course important societal issues and well done everyone for highlighting the issues, but on a pure money-at-risk basis fraud is the 800-pound gorilla, the existential threat that no-one wants to talk about.</p>



<p>I’m hoping more client CEO’s and journalists (whose jobs are ultimately at risk) enter the discussion, take action and make 2023 a year of progress against the fraudsters.</p>



<ul><li><strong>More truly international advertisers committing to doing it differently.</strong></li></ul>



<p>Suitably vague, but I’ll claim progress. ISBA’s Origin is to be praised; advertisers have become involved in audience measurement and that’s a good thing for all sorts of reasons, not least because those who pay should play an active role in decisions made around how their money is spent.</p>



<p>ISBA has moved Origin along, and have attracted a top talent in Tom George.</p>



<p>The broadcasters, whose lack of involvement is frankly baffling need to get with the programme.</p>



<p>2023 will be a year of solid achievement for ISBA and Origin.</p>



<ul><li><strong>Tactics aren’t the same as a strategy.</strong></li></ul>



<p>They’re not. Still. </p>



<p>Maybe in 2023 some salespeople and trade journos could go on a course to learn the difference.</p>



<p>In 2023 we are all going to have a tough time. Ad revenues will struggle. If we’ve failed to convince with the ‘investment not a cost’ message in the good times, it’s hard to see how we’ll make that stick in a recession.</p>



<p>I will make one prediction: advertisers will fall out-of-love with social media platforms and will rediscover the benefits of media forms comparatively free of fraud and comparatively free from hate.</p>



<p>In other words, context will matter even more. Programmatic providers should take note, adjust and tweak.</p>



<p>Ad spend will increasingly follow what works, not unverifiable numbers.</p>



<p>Belatedly – Happy New Year.</p>
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		<title>A Christmas Tale</title>
		<link>https://www.bjanda.com/blog/a-christmas-tale/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Dec 2022 11:40:15 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1678</guid>

					<description><![CDATA[For the last few Christmases the Cog Blog has published, as our last effort of the year, a post based on a fairy story. Hope you enjoy it. Once upon a time there were two children, a brother and sister called Pronsel and Gratel. They lived with their parents in a little village on the [&#8230;]]]></description>
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<p><strong><em>For the last few Christmases the Cog Blog has published, as our last effort of the year, a post based on a fairy story. Hope you enjoy it.</em></strong></p>



<p>Once upon a time there were two children, a brother and sister called Pronsel and Gratel. They lived with their parents in a little village on the edge of a forest.</p>



<span id="more-1678"></span>



<p>The brother and sister were devoted to one another and rarely ventured out unless together.</p>



<p>They lived an idyllic childhood, playing freely in the meadows around their house. They were well-known in the village too and were frequently to be found in the local shops and in their neighbours’ houses.</p>



<p>Their parents only imposed one rule. The children were not to venture into the forest. This was the Forest So-Chal, it was deep, dark, and although there were paths and even some signposts it was all too easy to get lost.</p>



<p>There were rumours of wolves, and even talk of a witch.</p>



<p>This witch, so the story went, used to live in the village where she ran a sweet shop. But things had turned ugly when the sweet shop diversified and started creating and selling spells.</p>



<p>The villagers, wary of the effects such things may have on them and their children, objected, and eventually drove her out.</p>



<p>Now she lived in the forest in a house made, it was said of sweets.</p>



<p>One day, Pronsel and Gratel’s parents had to go to the nearby town on business. This was nothing unusual – they often left their children alone to play. They had each other, they knew their neighbours and everyone in the village knew them.</p>



<p>But on this day the children decided it was time for an adventure. They were going to venture into Forest So-Chal and find the house of sweets.</p>



<p>They were though sensible children. So, they took with them various coloured ribbons. They would tie these to trees and signposts on their way in, and thus be able to find their way out again.</p>



<p>They set off; and all went to plan. They found the sweet house easily – it was even signposted – and the witch turned out to be a perfectly pleasant old lady who was delighted to have visitors.</p>



<p>They gorged themselves on sweets, homemade cake and fizzy drinks. These things were carefully rationed at home, so this was a real treat!</p>



<p>Eventually it came time to set off home, and that’s when things started to go rather wrong.</p>



<p>First, the children seemed to have lost their sense of direction. Once they left the sweet house nothing looked familiar, nothing was where it should have been.</p>



<p>Second, they had no memory of their careful preparation. They couldn’t find any ribbons, the paths just seemed to go around in circles, and the signposts, which they thought were clear enough on the way in were incomprehensible.</p>



<p>Was it possible that the legends of spells and potions were true?</p>



<p>Pronsel and Gratel started to worry. It was getting dark, they had no idea where they were and Google Maps hadn’t yet been invented.</p>



<p>There has to be a happy ending, surely? Well, there is. The villagers had noticed the children’s absence, guessed where they had gone and set up a search party.</p>



<p>This search party relied on tried and tested techniques; the villagers were roped together with the backstop roped to the village tree.</p>



<p>They took a megaphone and shouted for the children, who eventually heard them and thus were saved.</p>



<p>The children weren’t even scolded by their parents, who were simply pleased to have them home.</p>



<p>P&amp;G (it’s getting tedious typing their names in full every time) had learned their lesson.</p>



<p>They grew up, became worthy councillors and introduced improvements to the Forest So-Chal, making it safe for all and protecting its wildlife.</p>



<p>And what happened to the witch, and the sweet house?</p>



<p>Visit your local high street and pick up a newspaper. Look around you. You’ll find out.</p>



<p><strong><em>The Cog Blog will be back (for its 10th year) early in 2023. In the meantime thanks for reading and indulging my many rants, and may I wish you a Happy Christmas and a wonderful Festive Season.</em></strong></p>
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		<title>What Matters</title>
		<link>https://www.bjanda.com/blog/what-matters/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Dec 2022 11:08:15 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1664</guid>

					<description><![CDATA[One hundred years ago McCann Erickson was founded on the positioning ‘Truth Well Told’; although when that line was first written I don’t suppose anybody labelled it as ‘a positioning statement’. It is a strong line. Truth, when well-expressed has considerable power. But in the media world we naturally know better. We prefer to play [&#8230;]]]></description>
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<p>One hundred years ago McCann Erickson was founded on the positioning ‘Truth Well Told’; although when that line was first written I don’t suppose anybody labelled it as ‘a positioning statement’.</p>



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<p>It is a strong line. Truth, when well-expressed has considerable power. But in the media world we naturally know better. We prefer to play by a different set of rules.</p>



<p>The truth is what you make it; say it often enough, and loudly enough and it becomes so.</p>



<p>I sometimes think that in the commercial end of the media business we relish misunderstanding. Truth often goes hand-in-hand with simplicity, and to paraphrase the great Irwin Gotlieb (and not for the first time) ‘In confusion lies margin’. If an industry can have a single positioning statement, there is the traditional media man’s riposte to McCanns.</p>



<p>Keeping it simple in media is not always popular. How much better to shout about ambitions for our business that everyone wants to achieve. To campaign for outcomes which we can all get wholeheartedly behind.</p>



<p>Take a few of the great media debates of our time. Diversity. Sustainability. Disassociating advertising from harmful content.</p>



<p>All of these are worthy, important topics. Making progress in all three is extremely hard, and highly desirable, and kudos to the likes of the Conscious Advertising Network and to any number of committed individuals for the work they do. Their achievements are impressive.</p>



<p>But if I may raise a tentative hand in the air, these are all societal problems. They need solving, in all walks of life.</p>



<p>The ambitions we have in these fields are easy to agree with, even if they may be extremely hard to achieve. No-one will stand against you; everyone will cheer you on.</p>



<p>Earlier this week <em>&#8216;The Media Leader&#8217;</em>, which by the way is fast establishing itself as a must-read featuring a list of regular columnists covering an array of topics that put their competitors to shame, carried a piece on ad fraud by Nick Swimer.</p>



<p>Nick is a Partner at Reed Smith, the law firm where he specialises in broadcasting law.</p>



<p>The essence of the piece was to ask: <a href="https://the-media-leader.com/why-arent-advertisers-shouting-about-ad-fraud/">‘Why aren’t advertisers shouting about ad fraud’?</a></p>



<p>It is by any objective measure a bizarre state of affairs.</p>



<p>We are in a recession; marketing budgets are being cut; and according to Nick’s piece, quoting Juniper Research $68bn will be lost to ad fraud this year. ($68bn may be at the low end – the ANA in the US have quoted $120bn although they promptly ‘disappeared’ that figure when it started to attract attention).</p>



<p>$68bn is a lot not to worry over-much about.</p>



<p>ISBA’s work through PWC demonstrated how even top-end, sophisticated clients’ ads appeared on an average of over 40,000 websites. Mostly non-premium. Many selected to the benefit of fraudsters.</p>



<p>Why?</p>



<p>I find it hard to understand how any media agency professional, or client marketer for that matter can possibly condone such activity.</p>



<p>Agency: ‘Yes, we know we have told you that reach is key. That accountability and measurement are essential. That context counts. That understanding audience behaviour is a cornerstone in everything we do. But we believe your interests are best served by leaving media placements up to a programmatic system we don’t control or fully understand, and which will place your ads on this very beautiful site selling Nepalese Prayer Flags (<em>a real example surfaced by the PwC work</em>).’</p>



<p>Wherever you look online advertising is questionable. From audience measures that are not verified. To the platforms’ failure to control or edit hateful content. To a misappropriation of ad language (attribution measures that are nothing of the sort, metrics that mirror those used elsewhere whilst meaning something different). To the disintermediation of agencies. To promoting gross numbers to non-specialists.</p>



<p>Why don’t the agencies, those professional advisors tell the truth? Shout it from the rooftops: fraud is rife, we can’t control it and we may as well take that fact into account in how we spend your money.</p>



<p>Audience measurement in online is questionable and shouldn’t be compared with data from the independent verifiable systems.</p>



<p>Why not put as much effort into delivering the best advice as you do into standing up for sustainability or a diverse workforce?</p>



<p>Why not?</p>



<p>Because it’s hard and because the unfortunate, unpalatable fact is we’re all to blame. We’re all complicit.</p>



<p>This whole thing will come crashing down when the non-specialist grown-ups in the C-Suite start to ask the necessary, the awkward questions on the effectiveness of marketing spend.</p>



<p>The McCann line was often mocked by those working there, bastardised to ‘Truth Well Old.’</p>



<p>Given the way that old media ideas keep being reinvented, even if they’re mistranslated and twisted out of shape, Truth Well Old might not be a bad ambition.</p>
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		<title>Everyone&#8217;s An Expert</title>
		<link>https://www.bjanda.com/blog/everyones-an-expert/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Nov 2022 11:47:18 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1661</guid>

					<description><![CDATA[Everyone is an expert in two things – his or her own job, and advertising. This is hardly a new thought; nor is it particularly original. Everyone has an opinion. We might as well be politicians. Or football managers.&#160; There is nothing wrong with opinions, even uninformed ones such as those held by me on [&#8230;]]]></description>
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<p>Everyone is an expert in two things – his or her own job, and advertising. This is hardly a new thought; nor is it particularly original. Everyone has an opinion. We might as well be politicians. Or football managers.&nbsp;</p>



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<p>There is nothing wrong with opinions, even uninformed ones such as those held by me on the England football team’s formations. But – to paraphrase Bill Bernbach – an opinion only counts for something when it costs you money.&nbsp;</p>



<p>Which brings me on to the strange case of Elon Musk and Twitter.&nbsp;</p>



<p>I profess to knowing little about Twitter, how it works, how it is moderated (is it moderated?), what its strange hold is over people, even why so many get so agitated on there. But I do know one thing about it – pretty well the whole shebang is funded by advertising and is consequently free to users.&nbsp;</p>



<p>One of the many other things I know little about is Elon Musk. I know he is a brilliant engineer, knows a lot about batteries and makes over-priced cars.&nbsp;</p>



<p>Nowhere have I picked up on his being an expert in advertising. Or even that he is remotely interested in the subject. In fact, just the opposite – I do not recall ever seeing any Tesla advertising anywhere and indeed I seem to remember that Mr Musk was dismissive of what advertising might do to help him sell cars.&nbsp;</p>



<p>Not an ad fan, in other words.&nbsp;</p>



<p>If he had been, or even if he had been remotely interested, he would have known that Twitter is unexceptional as an advertising medium.&nbsp;</p>



<p>I suspect that Mr Musk’s reasoning on Twitter and advertising went something like this (if that is he even gave the subject a moment’s thought).&nbsp;</p>



<p>‘Twitter reaches a lot of people. Twitter is therefore desirable to advertisers. The End.’&nbsp;</p>



<p>Some of us know better.&nbsp;</p>



<p>First, Twitter does not reach a lot of people – comparably speaking. I am indebted to Rob Norman, ex GroupM and resident genius on anything to do with online media forms for pointing out in <a href="https://www.nytimes.com/2022/11/01/opinion/elon-musk-twitter-advertisers.html?smid=nytcore-ios-share&amp;referringSource=articleShare" target="_blank" rel="noreferrer noopener">‘The New York Times’</a> that Twitter’s 2021 revenue was one twentieth Meta’s and one fiftieth Alphabet’s. And money follows audience as we all know.&nbsp;</p>



<p>By the way <a href="https://www.nytimes.com/2022/11/01/opinion/elon-musk-twitter-advertisers.html?smid=nytcore-ios-share&amp;referringSource=articleShare" target="_blank" rel="noreferrer noopener">Rob’s piece</a>, not at all surprisingly is excellent. But then he is a bona fide expert.&nbsp;</p>



<p>As Rob points out Twitter does not provide a safe environment for brands. There are too many fights; too much controversy; too much hate.&nbsp;</p>



<p>These are not words with which most advertisers wish their brands to be associated.&nbsp;</p>



<p>Advertisers do not much like risk when it comes to the content surrounding their messages.&nbsp;</p>



<p>And they especially do not like risk when the upside is so low. After all you can buy the Twitter audience perfectly well in other places, and with less risk.&nbsp;</p>



<p>It is genuinely a mystery to me why so many people buy advertising-dependent or advertising-related businesses without talking to a few people who understand the ad business.&nbsp;</p>



<p>And then profess amazement and shock when it all goes wrong.&nbsp;</p>



<p>So, here is a free lesson. It is not only about size, and quality counts.&nbsp;</p>



<p>Experts get a bad press. The UK Government Minister Michael Gove will have his Brexit referendum remark that ‘the British people have had quite enough of experts’ live on long after he is gone.&nbsp;</p>



<p>In my youth the definition of an expert, ‘X’ = the unknown, ‘Spurt’ = a little drip under pressure, was guaranteed a laugh at conferences (we had lower standards in platform humour back then).&nbsp;</p>



<p>And yet we can all agree on two things. Elon Musk bought Twitter without an expert plan; and advertisers are about to hand him his coat.&nbsp;</p>
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		<title>It&#8217;s All Advertising</title>
		<link>https://www.bjanda.com/blog/its-all-advertising/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Nov 2022 14:37:36 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1658</guid>

					<description><![CDATA[Lord Northcliffe, the UK newspaper tycoon who owned &#8216;The Daily Mail&#8217; famously said: “News is what somebody somewhere wants to suppress; all the rest is advertising.” An unknown consumer said: “It’s all advertising, isn’t it?” One of my favourite quotes comes (of course) from Jeremy Bullmore: “People build brands the way birds build nests. Through [&#8230;]]]></description>
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<p>Lord Northcliffe, the UK newspaper tycoon who owned &#8216;The Daily Mail&#8217; famously said: “News is what somebody somewhere wants to suppress; all the rest is advertising.” An unknown consumer said: “It’s all advertising, isn’t it?”</p>



<p>One of my favourite quotes comes (of course) from Jeremy Bullmore: “People build brands the way birds build nests. Through the straw and scraps they chance upon.” Note, it is people who build brands.</p>



<span id="more-1658"></span>



<p>The other week I was robbed. This has led me to spending more time than I would like with banks, phone companies and insurers. One has been outstanding, two truly dreadful.</p>



<p>The dreadful ones have failed to communicate internally, leading me to having to explain what happened over and over. They have also failed to answer mails, have cut me off when on the phone, and have sent me contradictory letters from unidentified ‘team members’ with no means to respond to them.</p>



<p>None of this is unusual, I hear the same thing over and over. Unresponsive, uncaring, ill-informed responses to life’s little crises.</p>



<p>And yet the same organisations spend millions advertising their friendly teams, their willingness to help.</p>



<p>And then they go and outsource their customer-facing roles either to a chatbot that struggles to answer the inanest query, or to a bored individual who could not care less as to your plight and whose sole objective is to pass you along to someone else.</p>



<p>Even less understandable, hugely expensive brand campaigns do not seem to exist outside their designed-for channel. Are company owned websites consistent with the brand’s advertised persona? Do retail outlets mirror the same organisation’s video commercials? Do the trucks moving product around the country speak to the same brand values as the advertising?</p>



<p>Yes of course some do, but most, by far do not.</p>



<p>It is worth calling these things out. For decades I have been a loyal BMW customer. Last year I decided to look further afield. I read reviews, answered ads, responded to websites, and visited car showrooms. Most of these last were unremittingly awful. Yes, they were bright, full of shiny cars and some even had comfortable chairs, but none had anything to do with the expensive ad campaigns favoured by the sector.</p>



<p>BMW themselves were not expecting me at the dealership (the same one I have bought from in the past). The salesman couldn’t have been more bored; wasn’t well informed as to his products; and didn’t follow-up.</p>



<p>I bought a different marque, selling them my BMW in part-exchange.</p>



<p>6 months later BMW asked if I would consider selling them my second hand car.</p>



<p>3 months after that the BMW finance team approached me offering a new finance package.</p>



<p>3 months after that and I am still receiving mails asking me to bring the car in for a service.</p>



<p>I know perfectly well that there are manufacturers and there are dealers. But to the consumer they are one and the same, joined at the hip. Good work by one is easily undone by shoddy work by the other.</p>



<p>I realise that concepts like lifetime value have their critics, but regardless I like to think I was a valuable customer to BMW – one that their incompetent and fragmented communications strategy has played its part in losing.</p>



<p>Who will take internal responsibility for losing me? Will anyone even know? The marketing team will say they drove me to the dealership, so they did their job. The dealer will say the product range did not meet my needs. So not their problem. The used-sales, finance and service people will say, ‘who are you and how can I help.’</p>



<p>We have to do better. Online campaigns are not just performance marketing, they are advertising. Point-of-sale is not just retail, it is advertising. In store display is not just merchandising, it is advertising. Emails are not just direct communication, they are advertising. Chat bots are not just algorithms, they are advertising. Call centre staff are not just frontline representatives, they are advertising.</p>



<p>Everything that communicates with the consumer or prospect is advertising.</p>



<p>My Crater Lake colleagues at MESH Experience, almost alone amongst research agencies tracks exposure against all touchpoints thus providing the evidence to those smart enough to know it’s important to quantify these things. They’ve also authored <a href="https://blog.meshexperience.com/owned-channels-ipa-free-download?utm_campaign=IPA%20Owned%20Sep%202022&amp;utm_content=226649138&amp;utm_medium=social&amp;utm_source=linkedin&amp;hss_channel=lis-Oq4-vAAV_x">an excellent IPA initiative designed to highlight the role and value of owned media.</a></p>



<p>Our Crater Lake colleagues at Navigation have developed ways of isolating the effect of all channels. It is all advertising, so best to quantify how it all works.</p>



<p>Next time you feel moved to complain about a company’s treatment of you find out the name of the CMO and copy him or her in. They should be pleased to hear from real people.</p>



<p>Obviously there will be mistakes, people have bad days, messages go astray but surely, we should aim high. And we should praise those who get it right.</p>



<p>And so, for my part, well played More Than Insurance. And boo to NatWest and Vodafone.</p>
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		<title>An Existential Threat</title>
		<link>https://www.bjanda.com/blog/an-existential-threat/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Nov 2022 14:01:26 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1656</guid>

					<description><![CDATA[This week’s post builds&#160;on remarks I made from the stage&#160;at last week’s asi Audience Measurement Conference in Nice.&#160; I make no apology for revisiting material I shared when we last met in person in 2019. We are not progressing sufficiently in&#160;addressing the big issues, and we need to ensure we&#160;protect the consensual principles we have [&#8230;]]]></description>
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<p><strong><em>This week’s post builds&nbsp;on remarks I made from the stage&nbsp;at last week’s asi Audience Measurement Conference in Nice.</em></strong>&nbsp;</p>



<p>I make no apology for revisiting material I shared when we last met in person in 2019. We are not progressing sufficiently in&nbsp;addressing the big issues, and we need to ensure we&nbsp;protect the consensual principles we have applied to the majority of&nbsp;industry&nbsp;audience measurement for decades.&nbsp;</p>



<p>I felt that then, I feel it now.&nbsp;</p>



<span id="more-1656"></span>



<p>That is not to suggest that the JICs should have carte blanche to stagnate&nbsp;(not that they are doing so; well done to BARB for&nbsp;adding Netflix), but it does mean that we should not take for granted the benefits that come from all sides of the industry sitting down together to solve common problems.&nbsp;</p>



<p>The phrase ‘an existential threat’ is not one I use lightly, but&nbsp;the largest, most influential media players on the planet – the online platforms – no longer have common cause.&nbsp;</p>



<p>This is simply a reality. The arguments around&nbsp;Google trying to join BARB if only BARB would bend to Google’s will, have long gone.&nbsp;</p>



<p>The notion of creating an online JIC to which Google, Facebook et al could all sign up to an agreed set of measurement standards looks a way off (at best), although the fact that many of the major online players have signed up to ISBA’s Origin programme is undoubtably a sign of progress.&nbsp;&nbsp;</p>



<p>Meantime advertisers and their agencies still need to plan, still need to buy, and still need to evaluate effect.&nbsp;</p>



<p>Measurement of audiences is a cornerstone of these activities. It is not the whole edifice, despite what some may believe, but it is vital.&nbsp;&nbsp;</p>



<p>Edifices without cornerstones tend not to stand up for long.&nbsp;</p>



<p>If the industry cannot find solutions, then the various players will find their own. The endpoint of which is multiple currencies, a concept that we have lived through before, that wastes time and focuses effort and money in the wrong place.&nbsp;</p>



<p>A famous UK Media Director, Rodney Harris once said: “Media research is not designed to find out the truth. It is a treaty between interested parties”​.&nbsp;</p>



<p>If you cannot sign a treaty the consequences that follow are not appealing.&nbsp;</p>



<p>Natural tensions between buyer and seller, buyer and planner, planner and advertiser have historically always been solved peacefully. Techniques were found, systems improved, compromises made.&nbsp;</p>



<p>But now we are into what is much more a political and financial discussion, with technique and measurement standards pushed to one side.&nbsp;</p>



<p>There remains one faction of the media industry focussed on accuracy and doing things right, but unfortunately this is the faction from whom ad revenue is drifting away.&nbsp;&nbsp;</p>



<p>The new giants could not give a fig for accuracy – if you doubt me how come&nbsp;Facebook manages (and not just once)&nbsp;to ‘reach’ more people in a particular demographic than exist in living breathing form? And then to try to explain that this is perfectly normal and justifiable.&nbsp;</p>



<p>Online consensus groups do occasionally pop up. I am grateful to <a href="https://www.amazon.com/ADSCAM-Advertising-Historys-Greatest-Democracy/dp/0999230743" target="_blank" rel="noreferrer noopener">Bob Hoffman, whose new book ‘Adscam’</a> points&nbsp;out the following.&nbsp;</p>



<p>“In April 2017 … a group of big-time advertisers, publishers, agencies, and media announced a coalition <em>(The Coalition for Better Ads)</em> to ‘rid the internet of annoying ads’.&nbsp;&nbsp;</p>



<p>“In 2011 … the IAB, the ANA and the 4As <em>(announced an initiative)</em> called ‘Making Measurement Make Sense’.”&nbsp;</p>



<p>I may very well read the wrong trades, but I heard little either at the time or more recently from&nbsp;either.&nbsp;&nbsp;</p>



<p>As Bob puts it: “It is now five years since the establishment of the Coalition for Better Ads. Have they rid the internet of annoying ads? Try not to laugh.”&nbsp;</p>



<p>It may seem ‘angels-on-the-head-of-a-pin’ stuff to be concerned about arcane audience measurement techniques but remember that the most effective way to drive eventual&nbsp;change is by starting a topic&nbsp;far away from the frontline.&nbsp;</p>



<p>As the Chinese proverb has it: ‘The flapping of the wings of a butterfly can be felt on the other side of the world.’&nbsp;</p>



<p>Dismiss the technical experts, ignore their advice, their worries, and concerns and before you know it, we all have&nbsp;a problem.&nbsp;</p>



<p>No common standards of measurement, means less accuracy in evaluating true effect, leading on to no justifiable business reason to build brands, and every reason to focus 100% on performance metrics.&nbsp;</p>



<p>This is not a happy place for the industry to be headed.&nbsp;&nbsp;</p>
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		<title>Mind The Gap</title>
		<link>https://www.bjanda.com/blog/mind-the-gap-2/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 27 Oct 2022 12:50:50 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1652</guid>

					<description><![CDATA[Next week many of the most influential thinkers in audience measurement will gather in Nice for the annual asi Conference. I say ‘many’ as there will be the inevitable shortage of agency representation (‘we spent our budgets in Cannes&#8230;’) and despite an admirable turn-out from ISBA there will not be many advertisers present either.  This [&#8230;]]]></description>
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<p>Next week many of the most influential thinkers in audience measurement will gather in Nice for the annual asi Conference. I say ‘many’ as there will be the inevitable shortage of agency representation (‘we spent our budgets in Cannes&#8230;’) and despite an admirable turn-out from ISBA there will not be many advertisers present either. </p>



<span id="more-1652"></span>



<p>This is a shame – audience measurement (in one form or another) forms the bedrock of the media business, the foundation on which plans are built, and buys are made.&nbsp;&nbsp;</p>



<p>Worryingly the principles on which the various systems have been built over a considerable period are coming into question like never before.&nbsp;</p>



<p>The concern is that whilst the technocrats squabble over the detail the real argument is happening elsewhere and is concerned less with technique and more with politics, structure, and the search for ever larger numbers, however meaningless.&nbsp;</p>



<p>We are genuinely in danger of weakening the bedrock, and once you do that the likelihood is that the whole house will come tumbling down.&nbsp;</p>



<p>It might be worthwhile starting at the beginning.&nbsp;</p>



<p>Why measure audiences at all? It may seem an obvious question but in the modern era of platforms and big data (is that still a thing?) we can allegedly quantify everything without going to the trouble of measuring it.&nbsp;</p>



<p>If you can claim, with a straight face that your platform reaches more of a certain demographic than actually exists in living breathing form (a particular specialism of Facebook), and if buyers are happy to continue to buy impressions allegedly made against these non-existent people, then why bother?&nbsp;</p>



<p>As we all know, audience measurement creates the currency used to buy and sell space and time.&nbsp;</p>



<p>The provision of a currency is hugely important, and it is a credit to the measurement community that its accuracy&nbsp;is not questioned. I doubt that there are many advertisers or their agencies seriously questioning BARB data.&nbsp;</p>



<p>BARB just is – and well done to all involved to have reached that status.&nbsp;</p>



<p>That they have done so is due to a lot&nbsp;of behind-the-scenes work, strengthening&nbsp;the bedrock where necessary, so that it’s able to take the strain imposed upon it by new developments in the marketplace.&nbsp;</p>



<p>BARB is on firm ground in any technical debate.&nbsp;</p>



<p>But the participants in the new debate are not technicians, they are investors, moneymen who see advertising dollars blindly following size.&nbsp;</p>



<p>They&nbsp;demand ever bigger numbers to feed the beast. If the audience is not there, then make it look as if it is. Matters of research propriety will soon be forgotten as the platforms&nbsp;deliver ever more impressions, ever higher reach.&nbsp;</p>



<p>And therein lies the genius idea.&nbsp;</p>



<p>Take 100 advertisers from 20 years ago and ask them to define ‘impressions’. Or ‘reach.’ Few would have been able to do so.&nbsp;</p>



<p>So why not use the same words?&nbsp;</p>



<p>No-one that matters will spot the difference when online terms are set against conventional measurement norms.&nbsp;</p>



<p>Once you have got away with misusing words&nbsp;you can do what you like.&nbsp;</p>



<p>Sell more ‘impressions,’ no-one knows what they are anyway, but we can see you more of them for less.&nbsp;</p>



<p>Are they human ‘impressions?’ Well, who knows and anyway (runs the online evangelists’ argument) TV commercials sometimes play to an empty room.&nbsp;</p>



<p>In olden times everyone accepted TV ratings as an approximation of the truth. It was close, the gap between ratings as reported and reality was there, but it was narrow.&nbsp;</p>



<p>Yes, when the ads came on people left the room; yes, they looked away; yes, they ate, yes, they chatted. But not in massive, wholly distracted numbers.&nbsp;</p>



<p>When ratings data were used in econometric models, it was with confidence. The data were consistent and accepted, the correlation was there. Advertising, done well, worked.&nbsp;&nbsp;</p>



<p>The gap between the measurement and real life was not too wide.&nbsp;</p>



<p>But now it is a gaping chasm.&nbsp;</p>



<p><a href="https://www.linkedin.com/pulse/how-much-ad-fraud-we-expecting-q4-dr-augustine/?midToken=AQFz9fGHDlzqBQ&amp;midSig=30ljN1O6CVJqs1&amp;trk=eml-email_series_follow_newsletter_01-newsletter_hero_banner-0-open_on_linkedin_cta&amp;trkEmail=eml-email_series_follow_newsletter_01-newsletter_hero_banner-0-open_on_linkedin_cta-null-3xzus~l9e5x0au~ao-null-null&amp;eid=3xzus-l9e5x0au-ao" target="_blank" rel="noreferrer noopener">Dr Augustine Fou reports</a> that in the world of programmatic buying somewhere between 1% and 4% of online clicks come from humans.&nbsp;</p>



<p>But hey, the impressions were cheap. Hurrah for cheap media!&nbsp;</p>



<p>We need to start to change this narrative.&nbsp;</p>



<p>Advertisers need to ask the right questions of their agencies (who are in no way going to want to initiate this conversation).&nbsp;</p>



<p>They need to understand that the same word used in different media contexts does not necessarily mean the same thing.&nbsp;</p>



<p>They need to understand the size of the gap that’s opened up between what they are buying and what they think they are buying.&nbsp;</p>



<p>If they do not do this, they will have some exceedingly tough questions to answer.&nbsp;&nbsp;</p>



<p>Including how come we bought more impressions than we did back in the olden days, but our advertising seemed to work&nbsp;back then?&nbsp;</p>



<p><a href="https://twitter.com/ruskin147/status/1585161822075658242" target="_blank" rel="noreferrer noopener">Only yesterday the BBC</a> reported a slow-down in online ad spend.&nbsp;</p>



<p>An economic slowdown is upon us, yes. But maybe these ads are not working so well, and it has just taken us a while to work that out.&nbsp;</p>



<p>Those spending the money are going to have to accept the truth that, in the words of my <a href="https://www.craterlakeandcompany.com/post/bots-don-t-buy-the-model-in-action" target="_blank" rel="noreferrer noopener">Crater Lake analytics colleague David Beaton</a>, ‘Bots Don’t Buy.’&nbsp;</p>
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		<title>Speak Softly</title>
		<link>https://www.bjanda.com/blog/speak-softly/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Oct 2022 14:03:42 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1648</guid>

					<description><![CDATA[Last week’s Cog Blog highlighted the tragic case of Molly Russell, who took her own life at least in part as a result of being exposed to certain vile images on social media. If you missed the post, you can read it here. The problem is that whilst we can all agree that something must [&#8230;]]]></description>
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<p>Last week’s Cog Blog highlighted the tragic case of Molly Russell, who took her own life at least in part as a result of being exposed to certain vile images on social media. If you missed the post, <a href="https://www.bjanda.com/blog/whats-it-got-to-do-with-us/">you can read it here.</a></p>



<span id="more-1648"></span>



<p>The problem is that whilst we can all agree that something must be done, actually doing something is not so straight-forward.</p>



<p>It’s also easy to fall into the trap of trivialising such a tragedy – and yet it’s only by taking lots of what may appear to be small steps that we get anywhere.</p>



<p>As I pointed out last week, I am these days just a commentator, a blogger. For change to truly occur we need far more influential people than me to come forward. This is one situation when President Roosevelt’s foreign policy mantra ‘Speak softly and carry a big stick’ wins over ‘shout loudly and wave your arms around’.</p>



<p>The first thing we could all do is ensure everyone knows what words mean. What should be simple concepts, like ‘viewer’, ‘reach’, ‘impressions’ are not always quite what they seem.</p>



<p>If you work in media in any capacity, agency, sales, client specialist, auditor, research company you know this is true. So why not admit it? Why not talk about it? Why not do something about it?</p>



<p>When your client or boss makes the point that ‘media’ is simply about buying the most impressions for the least money why not point out that an impression isn’t an impression isn’t an impression?</p>



<p>Make the point relevant to his or her world.</p>



<p>Say you work on a car account. In the 1980’s Citroen ran a superb series of ads for their iconic 2CV. </p>



<p>Here’s one:</p>



<p><img src="blob:https://www.bjanda.com/590c8e66-932b-4c4e-a40c-073a14266574"></p>



<p>A car isn’t a car isn’t a car.</p>



<p>Let’s make sure that our clients understand that a view on Facebook isn’t the same as a view on broadcast TV.</p>



<p>That’s not to suggest one is worthless and one invaluable; both have their place. It’s just not the same place.</p>



<p>Next, we have to accept that media is a numbers game. Some of us like to think that there’s room for creativity, for emotion, for standing out from the crowd.</p>



<p>There is room for all these things – if there wasn’t everything would be done by computer and algorithms and we would have to invent a new word, like ‘programmatic’…</p>



<p>Oh, hang on a second.</p>



<p>Programmatic or not, tools are only there to be used by someone to achieve an end. They’re not an end in themselves.</p>



<p>There is room for creativity thank goodness, but how much more powerful the argument to sell creativity if there are numbers to back you up.</p>



<p>One comment to last week’s post came from Jon Waite at Havas.</p>



<p>Havas it seems are launching a new tool (Meaningful Social Matrix, or MSM) across 9 markets to encourage their planners to consider factors other than sheer numbers in their construction of plans.</p>



<p>They’re using the <a href="https://www.consciousadnetwork.com/">Conscious Ad Network’s</a> framework to score social media vendors across a range of criteria, including ad fraud, brand safety, viewability, DE&amp;I, sustainable development, informed consent, hate speech, children&#8217;s wellbeing, disinformation / misinformation, news / journalism protection.</p>



<p>Havas has also been active, as have others like OMG in understanding and embracing the importance of attention.</p>



<p>I’m sure other networks are doing similar things, but the issue is not the cleverness of the tools but whether or not the tools are used.</p>



<p>For them to be used the principles behind them need to be accepted by clients.</p>



<p>For them to be accepted they need to be understood.</p>



<p>For them to be understood we need to educate.</p>



<p>It may seem a long way from arguing about the meaning of words to bringing pressure to bear on the platforms to stop carrying images that cause such distress but small steps, people, small steps.</p>



<p></p>



<p></p>
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		<title>What&#8217;s It Got To Do With Us?</title>
		<link>https://www.bjanda.com/blog/whats-it-got-to-do-with-us/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 13 Oct 2022 11:27:52 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1642</guid>

					<description><![CDATA[When I was at college, I remember being told by our advertising lecturer that we should not take responsibility for society’s ills. We were there to help our clients sell stuff; if the people buying our stuff were evil, well that is the way of the world.&#160; In the overall scheme of things what we [&#8230;]]]></description>
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<p>When I was at college, I remember being told by our advertising lecturer that we should not take responsibility for society’s ills. We were there to help our clients sell stuff; if the people buying our stuff were evil, well that is the way of the world.&nbsp;</p>



<span id="more-1642"></span>



<p>In the overall scheme of things what we do in creating and placing ad campaigns hardly registers. It is not particularly important, no-one dies.&nbsp;</p>



<p>Except in 2017 someone did.&nbsp;</p>



<p>Molly Russell was 14 when she took her own life. Last month <a href="https://www.nspcc.org.uk/about-us/news-opinion/2022/response-molly-russell/" target="_blank" rel="noreferrer noopener">an inquest</a> found that Molly “died from an act of self-harm while suffering from depression and the negative effects of online content.&#8221;&nbsp;</p>



<p>It seems trite, inappropriate for an advertising commentator to write about such a horrendous episode.&nbsp;&nbsp;</p>



<p>But our world does intersect with reality; that is true even with something as terrible as this.&nbsp;</p>



<p>The coroner said Molly’s death was in part at least down to ‘the negative effects of online content.’&nbsp;</p>



<p>Molly’s father, Ian Russell accused Meta (Instagram was where the online content in question appeared) of guiding his daughter on a ‘demented trail of life sucking content.’&nbsp;</p>



<p>By that he meant content related to suicide, depression, self-harm, and anxiety.&nbsp;</p>



<p>Meta’s head of health and wellbeing policy, Elizabeth Lagone described the content seen by Molly as ‘safe’ because it adhered to content guidelines in place at the time. She later rowed back on this and apologised.&nbsp;</p>



<p>Many advertisers go to great lengths to do and to be seen to do ‘the right thing.’&nbsp;</p>



<p>They invest in greener packaging, they support recycling programmes, they change their ingredients to remove harmful elements, they reduce salt and sugar content, they fund grassroots fitness initiatives, and so on.&nbsp;</p>



<p>But when it comes to where they advertise, as opposed to what they advertise they look the other way.&nbsp;</p>



<p>I have written here several times about the need to consider context as well as cost-per-thousand.&nbsp;</p>



<p>I have argued that editorial freedom is important and pulling ads because you do not happen to agree with a political point-of-view is dangerous.&nbsp;</p>



<p>But the lines are blurring, and no more so than in social media.&nbsp;&nbsp;</p>



<p>Social media consists of platforms. The word is important – the likes of Facebook do not accept any but the smallest responsibility for the content that appears.&nbsp;</p>



<p>They are not, in their view, publishers. They do not edit.&nbsp;</p>



<p>They grudgingly produce ‘guidelines’ designed to weed out the worst, illegal excesses. Some would rather not even go that far.&nbsp;</p>



<p>Freedom of speech does not, as the cliché has it permit you to run into a crowded theatre and yell fire.&nbsp;</p>



<p>There must be some responsibility, and where a line is crossed (as happened here in newspapers with phone hacking) there must be consequences.&nbsp;</p>



<p>My friends at MediaVillage in the US tell me that these days at the large majority of the top 200 advertisers in the USA, media investments report into procurement, and on to the CFO, or direct to the CEO.&nbsp;</p>



<p>Cost is paramount; cost trumps context; cost even trumps effectiveness.&nbsp;</p>



<p>So, if your brand could advertise cheaply on a channel promoting insurrection or violence, is that OK? If it’s cheap and there’s an audience, it seems so.&nbsp;</p>



<p>The best procurement people don’t think like this, understanding that not paying attention to media placements can damage a brand’s reputation at a cost far beyond any cheap cpm savings, but the best are rare.&nbsp;</p>



<p>What is so weird is that this obsession with cost-per-thousand is based upon dubious, unverified audience numbers provided by those doing the selling. So, the cpm is not even accurate.&nbsp;</p>



<p>Would a CFO, or procurement chief sanction an investment in new plant without a thorough understanding that the data on which his or her decision is based is robust? Or without checks that the machinery being installed was safe?&nbsp;</p>



<p>This caution, this best-practice does not apparently come into play when it comes to any assessment of online advertising.&nbsp;</p>



<p>There is no clearer case that in this digital age, and despite access to data and cases proving the exact opposite, advertising is seen more as a cost than an investment.&nbsp;</p>



<p>Reformulating products, investing in recyclable packaging are not cheap things to do.&nbsp;</p>



<p>Yet they are undertaken as an investment because consumers will punish those who choose cheapness over (say) sustainability.&nbsp;</p>



<p>It is about time the same principles of safety and responsibility were applied to media choices.&nbsp;</p>



<p>Advertisers wield huge power over the likes of Facebook – a lot more than they do over newspapers.&nbsp;</p>



<p>A 14-year-old girl died at the very least in part because of images she saw on social media. No doubt others have been affected, have died, or will die.&nbsp;&nbsp;</p>



<p>It is not good enough for advertisers to plead that this has nothing to do with them.&nbsp;</p>



<p>They should make it clear that they will not support any channel, any platform without being assured that the necessary steps are in place to protect the audience. And as a minor add-on, to measure its size – unequivocally and accurately.&nbsp;</p>



<p>This blog is I know read by many advertisers and their professional advisors in media agencies. I hope they will reflect on what happened to Molly Russell, and to the many other Molly Russell&#8217;s around the world.&nbsp;</p>



<p>We may not be responsible for society’s evils, but all of us surely should do what we can to address them.&nbsp;</p>
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		<title>In Confusion</title>
		<link>https://www.bjanda.com/blog/in-confusion/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 06 Oct 2022 11:01:40 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1635</guid>

					<description><![CDATA[Irwin Gotlieb, ex-boss of GroupM used to say (and I paraphrase): ‘In confusion lies margin.’ However much you may admire Irwin, a man who achieved a huge amount in the industry and did more than most to change it you must admit this is the view of a cynic.&#160; The media side of the ad [&#8230;]]]></description>
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<p>Irwin Gotlieb, ex-boss of GroupM used to say (and I paraphrase): ‘In confusion lies margin.’ However much you may admire Irwin, a man who achieved a huge amount in the industry and did more than most to change it you must admit this is the view of a cynic.&nbsp;</p>



<span id="more-1635"></span>



<p>The media side of the ad industry has always been good at talking to itself (the same applies to planners, creatives, and account men but they can speak for, as well as to themselves).&nbsp;</p>



<p>Not only do we talk to ourselves at conferences, within social media and especially in blog posts but we do so in a language all our own.&nbsp;</p>



<p>You could argue this is the same the world over. Try buying a car, employing builders, changing your mobile phone – all these are activities plagued by the over-use of terms and words that mean little to those outside the magic circle.&nbsp;</p>



<p>But the fact that others do it is no excuse.&nbsp;</p>



<p>One of the major shifts over the last ten years or so is the growing involvement of advertisers in media decision making.&nbsp;</p>



<p>There are loads of reasons for this, ranging from: ‘they should always have paid more attention to how such huge amounts of money were being spent anyway,’ right through to direct selling by the giant platforms that disintermediate (sorry) the agencies.&nbsp;</p>



<p>Those of us involved within the media business have long wanted increased engagement from our clients. We used to talk about being excluded from the top table, and how our skills and thus contribution to the whole ad process were ignored.&nbsp;&nbsp;</p>



<p>Indeed, this sense of grievance was one large factor in media agencies emerging in the first place.&nbsp;</p>



<p>Now we have what we wanted. Clients are tuned in and are paying attention – or certainly a lot more attention than they used to. This has though coincided with life becoming a lot more complicated.&nbsp;</p>



<p>No-one doubts the power and influence of the likes of Google and Facebook, but the downside of the emergence of such channels is a lack of perspective.&nbsp;</p>



<p>The media world used to run on verifiable data and numbers. Whatever your criticisms of BARB, TGI and the rest the data per se was checked and verified to within an inch of its life.&nbsp;</p>



<p>The gap between a number of ratings and the number actually seeing an ad was comparatively narrow.&nbsp;</p>



<p>Now, with no clarity over what is a viewer, or an impression, with online bots and ad fraud everywhere you look, that gap has widened.&nbsp;</p>



<p>In other words, where there was some clarity now there’s confusion.&nbsp;</p>



<p>Meanwhile the experts (in agencies specifically) speak of concepts they most likely picked up at a conference or trade show without spending the time fully understanding the background.&nbsp;&nbsp;</p>



<p>Politicians call this TLDNR – too long, did not read.&nbsp;</p>



<p>Twitter (SETR) becomes the font of all knowledge and wisdom, to be endlessly quoted, filleted, recycled. As the Publicis strategist Keerti Nair put it so well on Twitter: </p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Sharp writes a book<br>Felipe critiques the book<br>Ritson critiques on the book and the critique <br>Random folk critique on the book, the critique and the critique’s critique <br><br>Give it a rest please. Nobody of consequence gives a hoot about this. Make money and help people make money.</p>&mdash; Keerti (@keerti_007) <a href="https://twitter.com/keerti_007/status/1577614390165135361?ref_src=twsrc%5Etfw">October 5, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>To help clients make money we need to enter their world, speak their language, and ensure we are understood.&nbsp;</p>



<p>It may have been the case that confusion increased margin; but we need to get real and recognise that to help business we must communicate better and banish confusion. In truth it was ever thus; it was just that our own self-importance and faux cleverness got in the way. </p>



<p>Help people make money, and we will make money. </p>



<p>Take the time to write a shorter letter, as someone (not Irwin) once said. </p>
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		<title>Careful What You Wish For</title>
		<link>https://www.bjanda.com/blog/careful-what-you-wish-for/</link>
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		<pubDate>Fri, 23 Sep 2022 13:55:08 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1631</guid>

					<description><![CDATA[Disclosure: I will be chairing a session at the asi Conference in November, mentioned here&#160; There has been much ‘end of an era’ talk in the UK this last week for obvious reasons. We also have a new Government which from early evidence seems to believe in ideological change-for-change’s sake, whatever the evidence from the [&#8230;]]]></description>
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<p><em>Disclosure: I will be chairing a session at the asi Conference in November, mentioned here</em>&nbsp;</p>



<p>There has been much ‘end of an era’ talk in the UK this last week for obvious reasons. We also have a new Government which from early evidence seems to believe in ideological change-for-change’s sake, whatever the evidence from the past.&nbsp;</p>



<span id="more-1631"></span>



<p>Strangely, debunking history never goes out of fashion whatever the facts (‘ah yes, but that time was different for all sorts of underlying reasons’). We are simply not good at absorbing lessons.&nbsp;</p>



<p>We do what suits our agenda at the time, regardless.&nbsp;</p>



<p>And so, to media measurement, via the death of a monarch and a change in Government.&nbsp;</p>



<p>This week asi, who for the last 30+ years have put on the best audience measurement conference around, and who via their Founder Mike Sainsbury have led the media measurement debate issued the latest in their podcast series.&nbsp;</p>



<p>This episode features Richard Marks, asi’s Research Director interviewing George Ivie, CEO of the Media Ratings Council in the USA.&nbsp;</p>



<p>For those of you unfamiliar with the MRC’s work, it is the body responsible for the setting of standards in audience measurement across all media types in the US. MRC accreditation is much sought after, and the organisation is well known, influential and respected.&nbsp;</p>



<p>Richard’s interview with George <a href="https://www.asiconferences.com/asicast-142-cross-media-alt-currencies-and-the-challenge-of-global-standards/" target="_blank" rel="noreferrer noopener">is well worth a listen</a>.&nbsp;</p>



<p>At one stage George discusses the current topic of the day in the States, alternative currencies.&nbsp;</p>



<p>He makes the point that none of the pretenders to Nielsen’s throne are yet to apply for MRC accreditation, although all are busy out selling their wares to the market.&nbsp;</p>



<p>In other words, they are selling something that may or may not be found to be accurate, transparent, and verifiable.&nbsp;</p>



<p>I would urge buyers or potential buyers of these services to apply caution.&nbsp;&nbsp;</p>



<p>George makes the point that he does not see the MRC having a global role, as defined by telling others how to run their measurement services. ‘Caution’ is therefore about as far as I will go in commenting on a market where my own hands-on experience is almost 30 years old.&nbsp;</p>



<p>That said I would make the following points.&nbsp;</p>



<ul><li>The JIC system which applies almost everywhere except the US has brought stability to media measurement.&nbsp;</li><li>Once you step outside the JICs you enter a world of confusion, where vendors measure what they want, how they want, and if they don’t like the results they obfuscate and change them (see Facebook’s wobbling about on audience data).&nbsp;</li><li>They can do this as their data is neither verified, nor examined.&nbsp;</li><li>If you have multiple currencies, you introduce a new dynamic into media trading. Instead of discussing what works, what doesn’t, how to use the medium in question, and what price to pay instead you argue about the accuracy of the currency.&nbsp;</li></ul>



<ul><li>Advertisers certainly, and media agencies virtually certainly are ill-equipped for this debate. Why? Because someone else (the appropriate JIC) has taken care of the stability of the currency. The end user should be pleased he or she does not have to worry about it.&nbsp;</li></ul>



<p>To those who make the point that in the US any JIC would amount to a restraint on free-market trading and would thus be deemed to be illegal I would suggest you look to amend the law as it relates to media measurement.&nbsp;</p>



<p>It cannot be sensible to introduce inefficiencies, confusion, and time-wasting within a market by hiding behind a law that I cannot imagine was ever created with this end in mind.&nbsp;</p>



<p>And to those in other markets looking on to learn as the US, hardly a beacon of leadership in media measurement over the years slides into organisational chaos be careful what you wish for.&nbsp;</p>



<p>To learn more about this issue, and to have your say the asi <a href="https://www.asiconferences.com/hybrid-audio-and-data-of-all-sizes-asi-radio-audio-and-tv-video-agendas-now-available/" target="_blank" rel="noreferrer noopener">International Audio and Video Measurement Conference</a> takes place in Nice, France from 2<sup>nd</sup> to 4<sup>th</sup> November.&nbsp;</p>
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		<title>Change Happens Slowly &#8230;</title>
		<link>https://www.bjanda.com/blog/change-happens-slowly/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Sep 2022 13:46:58 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1628</guid>

					<description><![CDATA[“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.”  Ernest Hemingway ‘The Sun Also Rises’. Or, to put it another way, change happens slowly, then all at once. It’s a leap from Hemingway to audience measurement but what we are witnessing is the acceleration of change following decades of not [&#8230;]]]></description>
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<p><em>“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.”  </em>Ernest Hemingway ‘The Sun Also Rises’.</p>



<p>Or, to put it another way, change happens slowly, then all at once.</p>



<span id="more-1628"></span>



<p>It’s a leap from Hemingway to audience measurement but what we are witnessing is the acceleration of change following decades of not very much happening at all.</p>



<p>We have become used to a system of collaboration. In the UK, and in almost every significant ad market bar the USA this happens via the JIC model.</p>



<p>Everyone agrees on the principles, then a research agency is hired to deliver.</p>



<p>Take BARB, and its UK predecessor, JICTAR. The BBC and the commercial broadcasters had and still have different priorities from TV audience measurement. One cares about advertisers, the other couldn’t care less.</p>



<p>Yet on certain key principles – like what defines a viewer – both sides come together to agree.</p>



<p>Consequently we have a system built around a rock.</p>



<p>The issue is not the rock, but how to build around it; we worry about technique, not the structure.</p>



<p>This is all fine as long as everyone involved plays the game and can agree on the principles. But as soon as someone questions the rock all bets on the surrounding’s structural integrity are off.</p>



<p>This is where we are now.</p>



<p>The erosion started slowly – when some of the UK’s largest newspapers <a href="https://www.bjanda.com/blog/the-telegraph-and-the-abc/">refused to publish independently collected sales numbers.</a></p>



<p>No-one much noticed or cared. Newspapers are a thing of the past, all anyone cares about is online impressions and clicks went the (deeply fallacious) argument.</p>



<p>But now things are speeding up.</p>



<p>The major online platforms argue, with some merit that the way in which video content on their platforms is viewed is different from large screen TV, whether broadcast or not.</p>



<p>Further they’re different from each other, YouTube does not equal TikTok.</p>



<p>If people view these things differently it stands to reason that what counts as a viewer should also vary.</p>



<p>So why should FB, Google and the rest join the BARB club and abide by its rules; and why should BARB change its rules to accommodate those whose commercial success depends in part upon them proving that they’re an equivalent home for TV budgets?</p>



<p>There was a moment when there was talk of a JIC for online audience measurement; but the idea never really caught on and so we are now in a situation where everyone publishes their own numbers, which are not as a matter of course independently verified.</p>



<p>The result is un-managed chaos and far too much time spent trying to fit together that which was never designed to fit together.</p>



<p>I see measurement of effect as a pyramid. At the bottom is measuring how many people had an opportunity to see the material within which my ad appeared.</p>



<p>Then we go up, stage by stage to the pinnacle which measures how many people saw my specific ad and then took action that commercially benefits the brand.</p>



<p>We’re largely still stuck in the weeds at the bottom, or maybe one or two up from the bottom of the pyramid.</p>



<p>Collaboration between video channels at a measurement currency level, at the bottom of the pyramid has unsurprisingly proved impossible; so it becomes essential we do everything we can to move the debate up several levels.</p>



<p>This advance needs to be advertiser driven – which is why I am a fan of ISBA’s Origin initiative. Personally, I like the approach ISBA is taking, but even if you quibble with the technical detail, the vision of a commercial media industry where measurement is informed by advertiser needs seems to me unarguable.</p>



<p>The alternative is to witness a collapse of collaboration in audience measurement.</p>



<p>To end up with competing systems that are not comparable, and which hinder planning. To have an industry driven not by a striving to understand overall outcomes and effect but by narrow, parochial measurements designed to do one thing – the one thing in question being that of greatest perceived commercial benefit to the sponsor of the research.</p>



<p>To spend time arguing the toss on why my measure beats your measure as opposed to working out how best to use this or that channel to my brand’s best advantage.</p>



<p>The signs are that this is the way the US is going with multiple currencies. In my view this is a mistake.</p>



<p>I believe collaboration beats self-interest.</p>
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		<title>On Reach</title>
		<link>https://www.bjanda.com/blog/on-reach/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Sep 2022 08:21:19 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1625</guid>

					<description><![CDATA[The concept of reach is having something of a moment. It seems as if when challenged on metrics like impressions or ratings, many practitioners, who surely should know better start pivoting towards&#160;reach.&#160; The other week I read somewhere about ‘a crisis in reach.’ There is no crisis in reach (if the media numbers bother you [&#8230;]]]></description>
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<p>The concept of reach is having something of a moment. It seems as if when challenged on metrics like impressions or ratings, many practitioners, who surely should know better start pivoting towards&nbsp;reach.&nbsp;</p>



<span id="more-1625"></span>



<p>The other week I read somewhere about ‘a crisis in reach.’ There is no crisis in reach (if the media numbers bother you that much just go and buy a national OOH campaign), what there is on the other hand is a crisis in understanding what exactly the word ‘reach’ means.&nbsp;&nbsp;</p>



<p>At risk of turning this blog into the Ladybird Book of Media Planning, let’s go back to basics.&nbsp;&nbsp;</p>



<p>Reach is the % of the target estimated to have had an opportunity to see the campaign or ad at least once. It isn’t a hard concept to grasp.&nbsp;</p>



<p>What is hard, and what is therefore duly ignored is the notion that it really is not wise to compare apples to oranges.&nbsp;</p>



<p>Ask yourself, or indeed your favourite sale rep the following.&nbsp;</p>



<p>‘You say I will reach 80% of my target with this video campaign. Can you explain what you mean by ‘reach?’&nbsp;</p>



<p>‘Ah, so 80% will see my ad. How long for?’&nbsp;</p>



<p>‘And if in my judgement 2 seconds is insufficient to get my message across, what proportion saw, say 10 seconds?&nbsp;</p>



<p>‘And when you say ‘see’ what exactly do you mean? Is it they see the programme or block&nbsp;in which the ad appears, or the ad itself?’&nbsp;</p>



<p>‘And does&nbsp;the number refer to the device, or the person using the device?’&nbsp;</p>



<p>The point is that the answers depend on where you are in the world (our US friends still largely speak of programme performance not ad break, or ad performance) and of course which particular channel&nbsp;is being used.&nbsp;</p>



<p>This goes back to the issue of definition. What is a viewer, and what criteria do you&nbsp;need to satisfy in order to qualify as one?&nbsp;</p>



<p>Advertisers really don’t care about reach, impressions, ratings except as staging posts along the way to sales. If ‘x’ reach leads to ‘y’ sales then great, but what matters at the end of the day is the ‘y’ sales.&nbsp;</p>



<p>Further it may very well be that less reach, however defined but made up of&nbsp;exposures in quality environments that are not just ‘seen’ but noticed, is what really matters.&nbsp;</p>



<p>I know it can be tedious delving back in history to make a point but when the great Mike Yershon sold his client Fiat on only advertising in centre breaks, in ITV’s main news and only ever first in break,&nbsp;‘reach’ was not the only concept on his mind.&nbsp;</p>



<p>Mike and others like him knew well, rigorous research evidence or not,&nbsp;that noticeability counted and whilst it is easy to say if no-one has the opportunity to see the ad then by definition no-one could notice it, that assumes we cannot keep two concepts in our heads at the same time.&nbsp;</p>



<p>In a forthcoming&nbsp;asi podcast interview, my Crater Lake colleague David Beaton, from the advanced analytics business Navigation makes this point very well.&nbsp;&nbsp;</p>



<p>David suggests that quality of exposure matters a lot when it comes to assessing eventual outcomes.&nbsp;</p>



<p>Paul Feldwick in his excellent book <a href="https://www.amazon.co.uk/Why-Does-Pedlar-Sing-Advertising/dp/1800462522" target="_blank" rel="noreferrer noopener">‘Why Does The Pedlar Sing?’</a> does much the same when he refers to the power of fame.&nbsp;</p>



<p>You get to be famous by being noticed. Not (just) by reaching some poorly defined media metric that is only there to help inform what is at the end of the day a refined guess, an&nbsp;estimate.&nbsp;</p>



<p>Media metrics like reach are&nbsp;a staging post along the way,&nbsp;a means to an end. Not the end in itself.&nbsp;</p>
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		<title>Shooting the Messenger</title>
		<link>https://www.bjanda.com/blog/shooting-the-messenger/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 25 Aug 2022 10:39:37 +0000</pubDate>
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					<description><![CDATA[These are challenging times for media channels. Politics has become increasingly divisive in many countries, leading to accusations of bias from both sides of the divide in how the media reports. ‘Truth’ is an increasingly elastic concept, with anyone putting the counter argument being seen as straight wrong. Discourse, exchanges of views, civilised argument and [&#8230;]]]></description>
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<p>These are challenging times for media channels. Politics has become increasingly divisive in many countries, leading to accusations of bias from both sides of the divide in how the media reports.</p>



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<p>‘Truth’ is an increasingly elastic concept, with anyone putting the counter argument being seen as straight wrong. Discourse, exchanges of views, civilised argument and debate are all in short supply.</p>



<p>In the UK we are currently witnessing the spectacle of the governing party, the Conservatives choosing a new leader to replace Boris Johnson. The person selected by around 160,000 Conservative Party members will become the next Prime Minister.</p>



<p>This process involves what seem like endless hustings hosted by this or that broadcaster and featuring the two candidates performing in front of those with a vote (remember the voters in this case are a slither of the population and are by no means representative).</p>



<p>The candidates play to the gallery, going for instant applause over any discussion around detailed policy intentions.</p>



<p>One guaranteed crowd pleaser is to blame the media – for pretty well anything, and certainly for the downfall of the current PM.</p>



<p>The same ‘blame the media’ phenomenon was seen in the US during the last election cycle at Trump rallies.</p>



<p>Never mind that much of the time the media were reporting on certain behaviours.</p>



<p>This <a>is not</a> a political blog but this ‘shoot the messenger’ thinking is dangerous. <a href="https://the-media-leader.com/you-are-under-attack-and-it-will-get-worse/">Omar Oakes summed it up well in his Mediatel Media Leaders column this week</a>.</p>



<p>The question is what can, or indeed should the commercial side of the media industry do about it, if indeed anything?</p>



<p>I commented on Oakes’ piece at the time and make no apology for making the same points again here.</p>



<p>I see two courses of action, one regulatory, one commercial.</p>



<p>On the regulatory front letting the Conservative Governments of Cameron and May get away with cancelling Leveson 2 without so much as even a minor fuss was a mistake.</p>



<p>Leveson 2 was the recommended follow-up to Lord Leveson’s enquiry into phone hacking to fuel stories in our newspapers.</p>



<p>Part Two was planned to address the oh-so-cosy relationship between newspapers, politicians, and the police. It was quietly dropped following pressure from key newspaper proprietors.</p>



<p>Advertising trade bodies and lobby groups should call for it to be resurrected as a way of rebuilding confidence in an independent, free press.</p>



<p>Commercially, today&#8217;s sales directors really have zero influence over their papers’ editorial policy.</p>



<p>It was not always so. Harold Evans, the legendary Editor of ‘The Sunday Times’ (pre-Murdoch) famously consulted his Sales Director before embarking on his landmark thalidomide campaign.</p>



<p>He (Evans) would no doubt have done what he did anyway (and his Sales Director encouraged him to do what he saw as the &#8216;right thing&#8217; in any case), but the point is he did think it important to consult.</p>



<p>What about the influence today of advertisers, and pressure groups like Stop Funding Hate?</p>



<p>Advertisers buy audiences. They are or should be agnostic editorially. Would you prefer a newspaper edited by Paul Dacre or Procter and Gamble? The very fact that I am asking that question should make the point.</p>



<p>Advertisers define the audiences they want to reach in a number of ways as we all know.</p>



<p>What if certain beliefs, even political beliefs were an audience determinator?</p>



<p>What if political persuasion was a demographic? What if TGI&#8217;s lifestyle questions included statements on topics like immigration, or even Brexit? What if you could buy campaigns against a target of committed remainers, or leavers?</p>



<p>It is not correct to say these views have no impact on purchasing. It would be interesting to ask James Dyson (a famously committed Brexiter) whether his views impacted sales.</p>



<p>Why would the Dyson people want to target committed remainers with their ads?</p>



<p>What if a newspaper&#8217;s more extreme editorial views had commercial consequences?</p>



<p>It&#8217;s an interesting question that I have posed before <a href="https://www.bjanda.com/blog/stopping-hate-versus-editorial-freedom/">here</a> in 2017.</p>



<p>But here’s the thing. The Cog Blog is non-commercial, I don’t charge anything for it as it gives me the freedom to be, to paraphrase Bob Hoffman ‘an indiscriminate insulter<a>’.</a></p>



<p>But I do look at the number of people accessing the posts – this varies by a factor of 10, even 20.</p>



<p><a href="https://www.bjanda.com/blog/stopping-hate-versus-editorial-freedom/">And this one, on advertisers and editorial</a> was way down the league table. For such an important topic, this surprised me.</p>



<p>In the last five years the issue has become more extreme.</p>



<p>We should not ignore this matter. We are due a debate.</p>
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		<title>Lessons from a Career &#8211; Part Three</title>
		<link>https://www.bjanda.com/blog/lessons-from-a-career-part-three/</link>
					<comments>https://www.bjanda.com/blog/lessons-from-a-career-part-three/#respond</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 Aug 2022 10:51:49 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1616</guid>

					<description><![CDATA[At the beginning of this year, I said I would use the Cog Blog platform to publish some lessons learned over the course of my career. My plan was to do four posts over the year, one a quarter, to try to stick to one key lesson per post, and to use examples. I have [&#8230;]]]></description>
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<p>At the beginning of this year, I said I would use the Cog Blog platform to publish some lessons learned over the course of my career. My plan was to do four posts over the year, one a quarter, to try to stick to one key lesson per post, and to use examples. I have been at this a long time (over 50 years) and would have to be a complete fool not to have picked up a few tips along the way.&nbsp;</p>



<span id="more-1616"></span>



<p>March’s Part One (<a href="https://www.bjanda.com/blog/lessons-from-a-career-part-one/" target="_blank" rel="noreferrer noopener">here</a>) was about respect for others’ expertise, and recognising that no-one, not even you, can be expert in everything.&nbsp;</p>



<p>June’s Part Two (<a href="https://www.bjanda.com/blog/lessons-from-a-career-part-two/" target="_blank" rel="noreferrer noopener">here</a>) was about curiosity.&nbsp;</p>



<p>This time the theme is collaboration, and the benefits of working together.&nbsp;&nbsp;</p>



<p>I spent a large chunk of my career at Leo Burnett. At the time Burnett was an independent company, owned by its employees. This was of course way before Publicis bought the agency.&nbsp;&nbsp;</p>



<p>There existed a strong culture which incidentally continues to this day amongst Burnett alumni. Leo himself fostered this – when I joined, I remember being shown a speech he made called: ‘When to take my name off the door’, which was all about respecting each other and the work we all did.&nbsp;</p>



<p>Burnett (the man) was a great one for aphorisms. One that stuck with me was: ‘No one of us is better than all of us.’&nbsp;</p>



<p>As the ad business started to fragment into different specialisms, leading eventually to the emergence of the media agency sector, so collaboration became less a ‘nice to have’ and more a necessity.&nbsp;</p>



<p>Leo Burnett (the agency) was one amongst many to realise that as the marketing budget was larger than the ad budget, expanding the&nbsp;service offering into areas like packaging and in-store was a promising idea. This was called ICS, Integrated Communication Services (I probably got that wrong – someone will correct me).&nbsp;</p>



<p>I was&nbsp;part of the team that presented ICS&nbsp;to Cathay Pacific, a client known to be both loyal and innovative. We used seatback&nbsp;anti-macassars as one example of an owned medium that would benefit from inclusion in our integrated plan.&nbsp;</p>



<p>We were asked for our experience delivering designs on anti-macassars. Had we ever worked with suppliers of these things before? We hadn’t. We tended towards the arrogant in such matters of detail.&nbsp;</p>



<p>I see&nbsp;the anti-macassar story as being&nbsp;less about an opportunity and more about a land-grab. Let’s say Burnett had been awarded the anti-macassar brief and we had messed up (quite possible given our distinct lack of specialist knowledge), then the client’s trust in the agency would have been eroded.&nbsp;</p>



<p>Trust is an invaluable commodity, why would you risk it by taking on something about which you clearly know little?&nbsp;&nbsp;</p>



<p>Why spoil the ship for a ha’porth of tar?&nbsp;</p>



<p>If on the other hand, we had contacted Cathay’s anti-macassar supplier and found a way of working with them to incorporate our big advertising idea into their product then not only would the client have benefited but the agency’s status as a trusted and collaborative partner would have been enhanced.&nbsp;</p>



<p>The best ideas can come from anywhere, including media vendors. I sometimes invited&nbsp;creative teams to present certain campaigns to key vendors. There are rules to doing this.&nbsp;</p>



<p>Pick the client and be sure that you can deliver. We had a wonderful client in Perrier who were always up for innovative ways of using media channels. There is nothing worse than talking big to a vendor, then expecting them to&nbsp;spend time on an idea that never had any chance of going anywhere.&nbsp;</p>



<p>Trying and failing is fine; talking your influence up and then never taking the idea forward is insulting.&nbsp;</p>



<p>At the end of the day no-one knows more about a media vehicle than those selling it; use their expertise and share the credit.&nbsp;</p>



<p>Even today too many buyers seek confrontation and&nbsp;delight in displays of one-upmanship.&nbsp;</p>



<p>The best know that ‘no one of us is as good as all of us’ and live by that mantra.&nbsp;</p>



<p>The best clients know this too and encourage a sharing culture amongst their agencies. The worst foster a culture of anxiety fuelled by threats of reviews.&nbsp;</p>



<p>Being less confrontational and more collaborative is good for business. Everyone’s business.&nbsp;</p>
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		<title>The Benefits of Origin and How to Fund It</title>
		<link>https://www.bjanda.com/blog/the-benefits-of-origin-and-how-to-fund-it/</link>
					<comments>https://www.bjanda.com/blog/the-benefits-of-origin-and-how-to-fund-it/#respond</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Aug 2022 13:25:42 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1613</guid>

					<description><![CDATA[A version of this post was published by Mediatel on 9th August. I confess to being a fan of Origin, ISBA’s cross-media audience measurement initiative. I believe advertisers’ active involvement in measuring audiences is a good thing – in fact I would go further and say it’s essential. I also think ISBA are leading, clearing [&#8230;]]]></description>
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<p><strong><em>A version of this post </em></strong><a href="https://the-media-leader.com/no-the-origin-levy-is-not-a-tax-on-tv/"><strong><em>was published by Mediatel</em></strong></a><strong><em> on 9<sup>th</sup> August.</em></strong></p>



<p>I confess to being a fan of Origin, ISBA’s cross-media audience measurement initiative. I believe advertisers’ active involvement in measuring audiences is a good thing – in fact I would go further and say it’s essential. I also think ISBA are leading, clearing the path for others to follow. Before getting into why, it’s important to state that I am not an ISBA member; I’m not involved in Origin in any professional capacity; and I have no inside track. What follows are my thoughts, and mine alone on how such a service might develop.</p>



<p>My only qualifications for even commenting are, first I have been around long enough to remember the launch of several major audience measurement initiatives (including BARB and the TGI) as a user; and I happened to be on stage at the annual asi event in Prague three years ago when Phil Smith, ISBA’s DG launched Origin.</p>



<span id="more-1613"></span>



<p>As I was on stage, I had a microphone and so when Phil asked for ideas on funding (as, to be fair I knew he would) I set the hare running on the idea of a levy.</p>



<p>Why do I think Origin is a good idea? Some context might help.</p>



<p>In the UK (and in many other markets) we benefit from a joint industry committee or JIC system of audience measurement. This means that advertisers, media agencies and vendors all sit around and agree what to do. I’ve sat on several of these JICs, and they are rigorous affairs.</p>



<p>At the end, the vendor pays most of the bill.</p>



<p>This is fine with intra-media measurement. In the case of what we used to call TV, it’s right that BARB (to take the UK example) should be paid for by the broadcasters; advertisers and their agencies in effect pay to access and use the data of greatest relevance to them.</p>



<p>Life gets complicated when TV becomes video, and ‘broadcasters’ include the online platforms.</p>



<p>An advertiser needs to consider video in the round – and yet BARB is incomplete. The broadcasters, who fund BARB will only let the online players in if they agree to abide by the established measurement rules; the online players feel that the rules weren’t ever designed with them in mind.</p>



<p>There is a bigger, hairier problem too.</p>



<p>Since the start of JICTAR, and its modern successor BARB the advertising focus has been around providing a currency to guide the purchasing of this or that TV channel / programme / spot. TV was TV;</p>



<p>If we are starting to consider FB and YouTube along with TV, we might at the same time want to question how to evaluate other forms of communication, like PR, experiential or sponsorships alongside advertising.</p>



<p>Within advertising, you still need to think about allocating budget to out-of-home, cinema, online, social, audio, video and so on. How best to do that?</p>



<p>Yes, we have TGI (now over 50 years old) and Touchpoints, but they’re limited in scope.</p>



<p>Wouldn’t it be helpful if the industry had help with measures or guidelines to help these comms planning decisions? The question is who should pay for research that spans channels? A superJIC, involving all vendors would be (to be polite) a nightmare.</p>



<p>The principle should surely be that the end beneficiary should pay. Who benefits from better and unbiased planning decisions? The advertiser.</p>



<p>The case exists for the advertiser to underwrite the service. But how?</p>



<p>I see several benefits to the idea of a levy.</p>



<p>First, we have a UK precedent. The UK advertising industry is self-regulating. This is a far better idea than being Government regulated. Who benefits? The advertiser. Who pays? The advertiser. How? Via a levy – the ASBOF levy.</p>



<p>A levy soon becomes automatic, a part of the furniture. It’s a cost of doing business. It’s secure – there is no need to go through a funding argument every few years, instead the argument is about what research to do and how best to do it.</p>



<p>A levy involves many funders. No-one party dominates; the industry gets what’s decided by the industry to be best for the industry.</p>



<p>A levy involves a small % of a large sum (gross UK ad spend) thus generating a large amount.</p>



<p>Advertisers should be at the forefront of audience measurement; it is after all the means that determines how their money is spent. Those of us close to the issue have argued for that for decades.</p>



<p>Their involvement takes the debate beyond currencies, whilst maintaining the currencies’ primacy within media forms.</p>



<p>This opens the way to think about different channels (I mean advertising versus PR as well as video versus audio and ITV versus YouTube). In due course it can include concepts like attention measures and other techniques to help us understand how consumers consume media – singly and in combination, and what works and what does not.</p>



<p>&nbsp;Origin should involve all major media vendors. To choose to be excluded means you miss the opportunity to shape how your medium should be planned. Instead, you limit yourself to worrying about how it should be bought.</p>



<p>I hope Origin will be a long-term project, involving every stakeholder.</p>



<p>To those who see Origin as a way of helping FB and Google attain measurement respectability (as if their revenues suggest they need that), I have one question: How do you eat an elephant? The answer (of course): One small bite at a time.</p>
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		<title>Words Still Matter</title>
		<link>https://www.bjanda.com/blog/words-still-matter/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Aug 2022 11:02:14 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1609</guid>

					<description><![CDATA[Last week’s post went on&#160;a rant&#160;about the industry’s obsession with big numbers and our apparent lack of concern over misusing terms. It moved on to discussing how our US friends have got to the point where they are considering&#160;multiple currencies to measure video&#160;audiences.&#160; I fear this will be a disaster for all but the technocrats [&#8230;]]]></description>
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<p><a href="https://www.bjanda.com/blog/words-matter-big-numbers-less-so/" target="_blank" rel="noreferrer noopener">Last week’s post</a> went on&nbsp;a rant&nbsp;about the industry’s obsession with big numbers and our apparent lack of concern over misusing terms. It moved on to discussing how our US friends have got to the point where they are considering&nbsp;multiple currencies to measure video&nbsp;audiences.&nbsp;</p>



<span id="more-1609"></span>



<p>I fear this will be a disaster for all but the technocrats who finally get a platform to discuss their theories around angels and pins. For the rest of us (especially those of us who remember the painful debates in the US around readership measurement methodologies that led to different vendors using different techniques to measure allegedly the same thing) it will add little to improving the craft of advertising. </p>



<p>Is it any wonder that advertisers look on the media measurement industry with a mix of disdain and incredulity; and stay well clear. Better for them to shake their heads in amazement and go off and establish their own measurement framework (as the WFA, ANA and ISBA are doing) – based on telling them what they need to know not what vendors choose to tell them.&nbsp;</p>



<p>There are examples of&nbsp;measurement businesses claiming to have the answer to the&nbsp;tricky questions advertisers would&nbsp;indeed like&nbsp;answering.&nbsp;</p>



<p>Take the thorny matter of ‘attribution’.&nbsp;</p>



<p>My LinkedIn feed has for some time contained an ad for a business that claims to have sorted out ‘attribution’. It features a guy explaining how things really work to an incredulous interviewer.&nbsp;</p>



<p>I admit I haven’t watched it beyond reading the blurb beneath the video and I’m certainly not going to promote the business concerned by mentioning them here, but it does rather remind me of the online media&nbsp;guru at Havas&nbsp;a few years ago sitting me down and starting our meeting with the words ‘let me explain to you how advertising works’.&nbsp;&nbsp;&nbsp;</p>



<p>If you want to understand attribution you need to explain how to measure the impact that offline media forms, like TV, audio, OOH, cinema have on online activities. And vice-versa.&nbsp;</p>



<p>You need to explain ad fraud numbers, and bots and how you’re accounting for them.&nbsp;</p>



<p>What is misleading is to&nbsp;limit your explanation to optimising likes, retweets and the rest as if these things exist in a sealed vacuum uncontaminated by anything in the outside world.&nbsp;</p>



<p>This isn’t ‘attribution’, this is a con.&nbsp;</p>



<p>Same with ‘cross-media’. When most people speak of cross-media in the trade press or from conference platforms&nbsp;what many&nbsp;mean is cross-video, or cross-platform.&nbsp;</p>



<p>How to improve a metric by optimising video spend across video channels.&nbsp;</p>



<p>This may be very desirable, but it isn’t cross-media.&nbsp;</p>



<p>To my mind any definition of cross-media starts with an appreciation that it is possible to communicate a commercial message by means outside of advertising. Point-of-sale, websites, retail, PR, experiential, sponsorships, influencers and so on, all might very well have a role to play.&nbsp;</p>



<p>If I was a marketing director, I would want a way of assessing these channels individually and in combination.&nbsp;</p>



<p>Then if I settle on advertising as a channel, I want to understand how video works with audio, with OOH, with social and so on.&nbsp;</p>



<p>Then, certainly within video it’s great to have access to systems like CFlight. </p>



<p>It’s like a ladder going up into the clouds. We’re on a low rung, and whilst we’re not going to get any higher without the low rungs the climb towards what we&nbsp;really need to know is long and arduous.&nbsp;</p>



<p>To suggest that the low rung is anything other than a perfectly helpful step along the way is misleading.&nbsp;</p>



<p>Why does any of this matter? It matters because we should not be conning our customers – we tried that for years when it came to explaining how agencies got paid. That didn’t end well (not that it’s ended yet).&nbsp;</p>



<p>We should be honest with our measurements, explain what we can and can’t do, what the&nbsp;limitations are and how we seek to overcome them.&nbsp;</p>



<p>We should stop hiding behind words like ‘attribution’ and ‘cross-media’ as if they were some sort of holy grail, hiding in plain sight just waiting to be discovered. &nbsp;</p>



<p>They’re not, it’s complicated and to pretend otherwise diminishes us all.&nbsp;</p>
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		<title>Words Matter, Big Numbers Less So</title>
		<link>https://www.bjanda.com/blog/words-matter-big-numbers-less-so/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Jul 2022 10:39:13 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1605</guid>

					<description><![CDATA[Words matter. We all know that and yet within the media world we use the same word to mean different things. Further, and worryingly we don’t let on that this is the case, thus causing confusion and misunderstandings.  Take the simplest thing. We speak of digital media. This means next-to-nothing. Pretty well all media forms [&#8230;]]]></description>
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<p>Words matter. We all know that and yet within the media world we use the same word to mean different things. Further, and worryingly we don’t let on that this is the case, thus causing confusion and misunderstandings. </p>



<span id="more-1605"></span>



<p>Take the simplest thing. We speak of digital media. This means next-to-nothing. Pretty well all media forms are digital, in that they are distributed digitally. It’s akin to describing media forms as being ‘paper’ in the sense that back in the day many were distributed and displayed using paper.&nbsp;</p>



<p>The great Tess Alps has argued against the use of the word ‘digital’ for years and still we do it, when in fact what we mean is ‘online’ (and even that’s a bit of an all-purpose non-descriptor when you think about it).&nbsp;</p>



<p>But digital, online, whatever, this is a misuse of language which may be inaccurate and irritating but by and large is harmless.&nbsp;</p>



<p>Other ‘misuses’ are more damaging and, worse are sometimes used deliberately to mislead.&nbsp;</p>



<p>Back in the day we used to talk a lot about TVRs, TV ratings, until we went all American and imported the descriptor GRPs. Everyone knew what GRPs were, and if you didn’t you could ask 100 people and get the same description.&nbsp;</p>



<p>Whether we thought GRPs were a relevant or irrelevant measure of anything, we all knew what the expression meant.&nbsp;</p>



<p>Now try the same 100-person test with the word ‘viewer’. What is a viewer? How long do they have to view to qualify? It all depends on who you ask.&nbsp;</p>



<p>How can this be? Surely someone who views something for a pre-determined amount of time is a viewer? How can multiple descriptions of the same concept use the same word without causing confusion?&nbsp;</p>



<p>How to compare those who ‘view’ TV with those who ‘view’ a Facebook video, when the two use different definitions of what constitutes a viewer?&nbsp;</p>



<p>The issue of course is the ‘pre-determined’ bit. The common-sense solution would be for an august body to rule on this.&nbsp;</p>



<p>But what if not all parties agree to the recommendation of the august body? What if one party works out that the independent body’s recommendations mean that it loses a rather sizeable proportion of what it refers to as ‘viewers’.&nbsp;</p>



<p>Years ago, we used ‘average issue readership’ as a measure of print exposure. The august body in question, JICNARS (a joint industry body but funded in large part by the publishers) decreed this to be the currency.&nbsp;</p>



<p>Yet nobody advertises in an average issue. And certainly, nobody advertises on an average page within an average issue. Why not measure readership by day of the week? Readership of a specific section? Sport, say, or reviews?&nbsp;</p>



<p>Because the numbers would reduce. Never mind that they might tell planners and advertisers something useful, because the numbers would be smaller, we would immediately reduce spend levels.&nbsp;&nbsp;</p>



<p>It was clearly beyond us to explain to our clients that nothing had changed – all that was happening was that we were measuring more accurately.&nbsp;</p>



<p>When the UK TV measurement system changed from diaries to people meters the sales side of the industry, which had argued in meeting after meeting, for years, against progress came close to having a collective heart attack. The numbers would change – ad revenues would collapse.&nbsp;</p>



<p>Somehow, we managed to explain, and the feared ad revenue collapse didn’t happen.&nbsp;</p>



<p>If the sales directors of the time had been responsible for digging ditches, we would never have progressed from teaspoons to shovels to mechanical diggers.&nbsp;</p>



<p>This absurd notion that nobody in advertising can manage to look beyond the largest number is what’s behind the multiple currency debate going on in the US.&nbsp;&nbsp;</p>



<p>Multiple currencies would be a backward step – even in a geography alone amongst major ad markets that has always avoided quoting audiences to ads, or ad breaks, relying instead on programme averages.&nbsp;</p>



<p>Why do the Americans put up with this inaccuracy, this irrelevance? Because the numbers produced are bigger. God forbid we may prefer accuracy and relevance over size.&nbsp;&nbsp;</p>



<p>If size is all that matters, we may as well pack up now and leave the business to the algorithms, and the optimisers.&nbsp;</p>



<p>The result of multiple currencies will be more people spending more time arguing over the minutiae of currency A over currency B and less time discussing how this or that channel can best be used to the advertiser’s benefit.&nbsp;</p>



<p>More work for the technocrats; more confusion; less benefit to the advertisers.&nbsp;</p>



<p>And ultimately less effective advertising.&nbsp;</p>
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		<title>Advertisers Doing It For Themselves</title>
		<link>https://www.bjanda.com/blog/advertisers-doing-it-for-themselves/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 21 Jul 2022 13:31:58 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1603</guid>

					<description><![CDATA[There are certain topics that recur in the trade press. There’s ad spend forecasts, awards, people news, new business wins and in-housing. Us bloggers have our favourites: in my case, transparency, planning, and the various evils visited upon us by online platforms. And in-housing.&#160; Only this week we had the latest from the World Federation [&#8230;]]]></description>
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<p>There are certain topics that recur in the trade press. There’s ad spend forecasts, awards, people news, new business wins and in-housing. Us bloggers have our favourites: in my case, transparency, planning, and the various evils visited upon us by online platforms. And in-housing.&nbsp;</p>



<span id="more-1603"></span>



<p>Only this week we had <a href="https://the-media-leader.com/wfa-in-housing-reaches-80/" target="_blank" rel="noreferrer noopener">the latest</a> from the World Federation of Advertisers (the WFA) claiming that 80% of advertisers use in-house marketing services of one sort or another, and that 75% are only ‘somewhat satisfied’ or less with their current agency roster.&nbsp;</p>



<p>It would be interesting to see the % who were ‘somewhat satisfied’ – after all that’s still ‘satisfied’ even if less than ideal.&nbsp;</p>



<p>If 80% of respondents are using in-house expertise it’s hardly surprising that 75% are only ‘somewhat satisfied’ with their agencies. Presumably one follows the other; if you were fully happy with your agencies’ services you would be less likely to invest in in-house resource.&nbsp;</p>



<p>However august the organization commissioning studies like this, those writing the reports and the press releases don’t it seems have either the time or the inclination to research the background. They’re not old gits like me, in other words.&nbsp;</p>



<p>But us old gits have our uses. We know for instance that clients have always done some marketing stuff in-house. Typically, this has involved media in some shape or form.&nbsp;</p>



<p>When it comes to creative work, it’s hard to define neatly and concisely&nbsp;what makes advertising work so that it can be replicated at will.&nbsp;</p>



<p>Creatively it’s easy to demonstrate that in-housing more often than not doesn’t produce great work. &nbsp;</p>



<p>But media is different. It’s numbers, so surely the more I get for less, the better?&nbsp;</p>



<p>Pre-online channels&nbsp;‘doing’ media in-house&nbsp;wasn’t quite so simple. Take buying TV. You needed BARB, BARB was expensive to buy and analysing it was both expensive and needed some skill and knowledge.&nbsp;</p>



<p>This has all changed.&nbsp;The likes of FB and Google can give data away to anyone they like.&nbsp;</p>



<p>Second, FB et al have impressive client-facing teams that disintermediate the agencies.&nbsp;</p>



<p>It’s up to the in-house team to use the data, but far more importantly it’s also up to them to carry out whatever validation they believe to be necessary.&nbsp;</p>



<p>And in truth the degree of validation is nil, nada, zilch. ‘Trust me, I’m a platform’ pretty well sums it up.&nbsp;</p>



<p>And so, we have a situation where a massive % of total adspend goes to media forms whose principles of measurement are untouched by any form of independent evaluation or audit.&nbsp;</p>



<p>As long as some humungous number is produced, preferably even more humungous than last time everyone’s happy.&nbsp;</p>



<p>What about bots? What about the lack of correlation between likes and outcomes? What about changes in definitions of what constitutes a viewer leading to apples being compared with oranges?&nbsp;</p>



<p>These are details, dismissed by the true believers&nbsp;as too technical to worry about. Well, of course they are when the option is to admit that you’ve been wasting money for years chasing rainbows.&nbsp;</p>



<p>With some in-house media teams not even reporting to the CMO, the lack of real accountability is indeed startling.&nbsp;</p>



<p>Advertisers have convinced themselves that the numbers given them by those doing the selling are correct and valuable.&nbsp;</p>



<p>The fact is they’re neither.&nbsp;</p>



<p>The emperor has no clothes, and nobody is too keen to be the first to point this out. Or rather, there are people pointing it out from stages around the world, but none of the speechifiers are it seems doing much about it if ad revenues on the platforms is any indication.&nbsp;</p>



<p>Advertisers need in-house experts with the nous to use their agencies to advise them (as <a href="https://the-media-leader.com/why-arent-advertisers-investing-more-in-media-management/" target="_blank" rel="noreferrer noopener">Nick Manning’s excellent piece</a> suggests). Agencies have the skills, but what they’re too often missing is the backbone to tell the client that what they’ve been doing is wrong.&nbsp;</p>



<p>Which is what they would do if they were true advisors or consultants as opposed to reactive executors.&nbsp;</p>



<p>This whole situation is a mess and is what happens when you have unvalidated data being treated by those non-specialists receiving it as gospel truth.&nbsp;</p>



<p>The advertisers’ trade body in the UK, ISBA is acting to deliver on the promise of Origin, the cross-media planning initiative by hiring the ex-agency leader, Tom George as CEO.&nbsp;</p>



<p>This isn’t the non-sequitur it might appear to be.&nbsp;</p>



<p>Once advertisers are in a position to compare exposure data on a like-for-like basis across channels then life will become simpler. Plans can be constructed on a firmer, more professional footing, and buys can be made that deliver the plans.&nbsp;</p>



<p>Responsibility and accountability for online spend needs to be with the CMO; and agencies’ honest advice on planning needs to be encouraged.&nbsp;</p>



<p>Happy days. Easy peasy.&nbsp;</p>
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		<title>Cannes Reflections From a Non-Attender</title>
		<link>https://www.bjanda.com/blog/cannes-reflections-from-a-non-attender/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 30 Jun 2022 13:06:30 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1600</guid>

					<description><![CDATA[The room fell silent. ‘Would you like to introduce yourself?’ ‘Yes, my name is Brian and I didn’t go to Cannes this year.’ Sympathetic murmurings. ‘In fact to be quite honest with you …’ Sounds of encouragement. ‘… I’ve never been, and I’ve never regretted not going either.’ Mumblings of ‘well done … that must [&#8230;]]]></description>
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<p>The room fell silent. ‘Would you like to introduce yourself?’ ‘Yes, my name is Brian and I didn’t go to Cannes this year.’ Sympathetic murmurings. ‘In fact to be quite honest with you …’ Sounds of encouragement. ‘… I’ve never been, and I’ve never regretted not going either.’ Mumblings of ‘well done … that must have taken a lot to admit … sit yourself down … here’s a glass of rose’.</p>



<span id="more-1600"></span>



<p>It&#8217;s all true.</p>



<p>Back in the day, when I suppose I might have been persuaded to journey down to the South of France, Cannes was a creative festival, for creative people to celebrate their craft (and yes to give themselves awards, nothing wrong with that).</p>



<p>Clients certainly didn’t go, and as for media people, well we had our own events, one up the road in Monte Carlo, why would we want to gate-crash someone else’s party?</p>



<p>And even if you could make the case for agency media folk turning up to drink overpriced wine at someone else’s expense (something we were after all very good at) and to wallow in creative excellence, then you certainly couldn’t make any kind of case for media salespeople, let alone (gasp!) researchers.</p>



<p>Let me be clear. I didn’t go so my thoughts are influenced by the posts and reports I’ve read, nothing more.</p>



<p>But with that said, I’m just not sure what Cannes is anymore. I thought it was about the whole industry coming together to celebrate creativity – and if that is honestly the case, then great. But it seems to have become a festival for the ad business (in the broadest possible sense) to sell to itself whilst not tackling the huge issues the industry faces.</p>



<p>Take the disrupters. You can imagine the planning discussion. Let’s get Gary Vee. He’ll draw the crowds especially if he can be persuaded to turn up with some influencer (how is Paris Hilton still a thing?). He’ll get the agency guys frothing, he’ll generate headlines and clicks and next year delegates will come in even greater numbers to howl at some new disrupter.</p>



<p>How about Dorries – she’ll sell tickets; or Trump? Or Musk?</p>



<p>Why does any of this matter? Why not put Gary Vee on a platform; why not hold sessions featuring researchers explaining how to be creative; why not structure awards to guarantee participation and presence.</p>



<p>On one level it doesn’t matter at all. If these guys think it’s worthwhile going along and filling the Cannes coffers, then why not?</p>



<p>But on the other hand, I do think it matters. It distracts from the real and huge issues facing the industry. Just yesterday the UK Government floated the idea that companies <a href="https://www.campaignlive.co.uk/article/govt-encourage-businesses-divert-marketing-spend-price-cuts/1791553">should cut back on their marketing spend in order to cut consumer prices.</a></p>



<p>How can that be OK? How have we failed so badly to convince policy makers of the economic benefits of marketing?</p>



<p>What about ad fraud? What’s the industry doing? The ANA in the US don’t seem to know whether this is a $60bn or a $120bn problem.</p>



<p>Seems to me that both are pretty large numbers and that the problem is worth a cursory discussion with senior clients, surely?</p>



<p>What about audience measurement? There’s considerable turmoil in this particular neck of the woods and far from being a niche topic certain reported moves threaten many facets of the business. The asi Conference will no doubt tackle the issues in detail when it meets just down the coast in Nice in a few months.</p>



<p>But I am sure the agencies and advertisers crowding the Croisette won’t come to Nice to listen, learn and make sure their views are heard (‘we would love to, but we have no budget’ will be the refrain. I wonder what happened to the budget?).</p>



<p>To take one topic: why should any single view on the future direction of the business go unchallenged? If someone wants to invite Vaynerchuck then he should be free to make his case, after all he has stuff to sell just like everyone else, but his worldview shouldn’t go unchallenged.</p>



<p>I think Bob Hoffman, Dave Trott, John Hegarty should have been invited to debate Gary.</p>



<p>Augustine Fou should have been there to highlight the mess we’re in, to challenge the online media giants on fraud and to point out some unpalatable facts to the assembled clients.</p>



<p>The audience measurement issues could be aired and the way ahead debated. Then the specialists can get to work via events like the asi.</p>



<p>I think there’s a need for the industry to come together, to discuss and debate what are truly global issues. Currently we sort-of do this piecemeal, by market.</p>



<p>I would like to think Cannes can become the place for our brightest to meet to discuss and debate the global issues facing us all. Without distractions, although I may be persuaded to allow vendor stalls.</p>



<p>I might even buy a ticket.</p>
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		<title>Lessons from a Career &#8211; Part Two</title>
		<link>https://www.bjanda.com/blog/lessons-from-a-career-part-two/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 23 Jun 2022 11:14:45 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1596</guid>

					<description><![CDATA[Back in March I wrote: “From time to time … I’m going to do my best to share some lessons learned (over my career). I’ll try to stick to one per post, and to illustrate with examples”. When all’s said and done, I have been at this a long time (over 50 years) and would [&#8230;]]]></description>
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<p>Back in March I wrote: “From time to time … I’m going to do my best to share some lessons learned <em>(over my career)</em>. I’ll try to stick to one per post, and to illustrate with examples”. When all’s said and done, I have been at this a long time (over 50 years) and would have to be a complete fool not to have picked up a few tips along the way.</p>



<span id="more-1596"></span>



<p>March’s Part One (<a href="https://www.bjanda.com/blog/lessons-from-a-career-part-one/" data-type="URL" data-id="https://www.bjanda.com/blog/lessons-from-a-career-part-one/">here</a>) was about respect for others’ expertise, and recognising that no-one, not even you, can be expert in everything.</p>



<p>This time the theme is curiosity, and the benefits of being curious.</p>



<p>Be curious about your particular specialism – take the time and trouble to discover what others are doing or saying about the latest trend, the newest techniques. This applies even, in fact especially if their views differ from yours.</p>



<p>So far, so obvious.</p>



<p>Adrian Vickers, one of the founders of that great agency AMV once said that one of the best things about being in advertising was the freedom to be able to suggest anything, however random, to the client who trusts you, without having to take the ultimate responsibility for actually making the decision to do it.</p>



<p>Yes, we are all accountable, yes, we all have bonuses and PRIP schemes, but those things are really about justifying or being penalised when something you do doesn’t come off. That’s different from actually deciding to do the thing in the first place.</p>



<p>The point is: more you know, the more relevant your off-the-wall ideas.</p>



<p>Mark Palmer, in a comment on <a href="https://www.bjanda.com/blog/media-entrepreneurs/">last week’s post</a> on the new breed of media entrepreneurs put this very well. He suggested that one reason for these guys’ successes is: “All of them … lean forward and are bothered about understanding their client’s business”.</p>



<p>We’re in the privileged position of being asked for our opinion and advice. We’re listened to because we have views considered to be of value.</p>



<p>How can that be if you haven’t bothered to find out all that you can about what it is the client does, what makes his business tick or stumble, and what constitutes the art of the possible?</p>



<p>McDonald’s always used to insist that their agency teams spent time working in a restaurant (they may very well still do this; I hope they do). For those in management, the time was a week; for the direct client team it was four weeks. No-one in the restaurant besides the Manager knew what we were there to do, nor did we tell them; we were simply short-term help.</p>



<p>It was a brilliant way to learn not only how hard staff work, and what they think about their jobs, but also the practicalities (and I speak from experience). You wouldn’t be quite so quick to suggest multiple Happy Meal promotions if you’ve spent time working out where to store the bits and pieces, and how long it takes to box a set.</p>



<p>The art of the possible is also about ambition. Procter and Gamble once asked Carat to put together a team (we weren’t then a P&amp;G agency) to come to their European HQ to present to them on what we saw as the key trends impacting the media business over the coming years.</p>



<p>‘We’ve enjoyed a competitive advantage in media over the last 30 years; how do we maintain that for the next 30?’ was the modest brief.</p>



<p>After the presentation we went to lunch. Tell me, said the senior P&amp;G guy, what are the implications for us of these new satellite channels? I remember wittering on about media stuff, when to consider this or that channel, how to measure audiences, and concerns over what we would now call brand safety.</p>



<p>No, said the client, what I meant was how do we rent one? What programmes should we make or commission? Should we resurrect P&amp;G Productions? What would the commercial model look like?</p>



<p>My understanding of their ambition was all wrong.</p>



<p>The lesson is to understand the client’s business; take every chance to spend time with them, doing what they do away from talking about the minutiae of media and marketing.</p>



<p>Be curious – your clients deserve it, and your career will thank you for it.</p>
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		<title>Media Entrepreneurs</title>
		<link>https://www.bjanda.com/blog/media-entrepreneurs/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 16 Jun 2022 09:06:20 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1593</guid>

					<description><![CDATA[Not so many years ago, around 2005/2010 (yesterday in my terms; just after the ice age to some) the media agency world was pretty straightforward. If we set aside the specialists – those who do a great B2B job, or who run an agency handling local advertisers – pretty well the only game in town [&#8230;]]]></description>
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<p>Not so many years ago, around 2005/2010 (yesterday in my terms; just after the ice age to some) the media agency world was pretty straightforward. If we set aside the specialists – those who do a great B2B job, or who run an agency handling local advertisers – pretty well the only game in town for large advertisers was that delivered by the large holding companies.</p>



<span id="more-1593"></span>



<p>If you were working for huge brands the choice really came down to which holding company you, or rather your Board favoured.</p>



<p>Back then most found it hard to tell their Zenith from their Mindshare, their OMD from their Carat. Take the logo off the new business pitch slides and you honestly couldn’t tell one from the other.</p>



<p>Yes there were a few independents – the7stars were one of the first, emerging as a breakaway from Carat with the then-startling idea that transparency in dealings was a good thing, but for many they really weren’t an alternative to the big guys. Back then they were a real challenger brand, appealing to certain types of advertiser.</p>



<p>Total Media, started by another big agency guy, Mike Sell had been around for many years by 2010 – but Mike’s original proposition was a little different. He brought big agency experience to bear on small accounts. I know that’s different now – but back then Mike found a niche, exploited it brilliantly and built upon it.</p>



<p>Those that came after Total saw their ambition as providing an alternative for the large clients; maybe domestic over international but certainly large over small.</p>



<p>To build a career then you spent time at one of the big agencies. And they were, well, big.</p>



<p>I recall an interview with someone who was joining one of the Omnicom media agencies. He was asked about the appeal of Omnicom over, say WPP or Publicis. ‘You get the opportunity to be truly entrepreneurial’ he said. I remember thinking: you’re working for one of the two largest marketing services groups in the world. They didn’t get there by allowing people to behave in a truly entrepreneurial fashion. If you really want to be entrepreneurial then go off and do it for yourself.</p>



<p>And that’s what’s happened over time. Look at the talent who have chosen to leave the large companies to build their own businesses.</p>



<p>I’ve mentioned the7stars founded by Carat luminaries Jenny Biggam, Mark Jarvis, Colin Mills and Gareth Jones. Nowadays they’re rather the ‘grande dame’ of the indie world. They pioneered; and were joined by now-established players like Goodstuff and December19, although Goodstuff has now met itself coming back, selling to a new breed of holding company in Stagwell.</p>



<p>There are those who’ve made their name in the holding companies, like Danny Donovan ex IPG and WPP, taking the leap and backing himself launching his own business, Build Media. The interesting thing about Danny compared with, say Andrew Stephens and Ben Hayes at Goodstuff or the7stars’ guys is that he is, not to get too personal a tad more mature.</p>



<p>Yet Danny sees an opportunity in a new breed of media agency and is out to exploit it. I know Danny (he’ll be commenting on this before it hits the newsstands), and I have little doubt that he’ll succeed. It will be fun watching him.</p>



<p>Much the same could be said of Pedro Avery, ex Havas now making waves with Henry Dalglish and Graeme Douglas at Bicycle, and Sally Weavers and team at Craft.</p>



<p>These opportunities have come about for a number of reasons. There are many more media channels than there used to be, which impacts and automates the buying task; and the modern agency has to have expertise in all sorts of commercial uses of media channels, from partnerships to experiential, from influencers to extensions designed to build customer experiences.</p>



<p>Consequently, planning is finally coming into its own. How different from the days when you had to be big to get the deals which the plans were then massaged to fit; when every agency was judged against some auditor’s crass average; when advertisers were encouraged to know the cost of everything and the value of nothing.</p>



<p>Now skilful media thinking is coming into its own. No more ‘bish-bosh look at my deal’, now it’s about using commercial channels to enhance your client’s brand, about lateral and creative thinking, about data and analytics, about true accountability not some score against a pool.</p>



<p>I think it’s great – more power to the new breed of entrepreneurs’ elbows.</p>
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		<title>In-Housing and Trust</title>
		<link>https://www.bjanda.com/blog/in-housing-and-trust/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 10 Jun 2022 12:30:38 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1591</guid>

					<description><![CDATA[A few weeks ago an old colleague (and loyal Cog Blog reader) Florence Waterman posed an interesting question. Paraphrasing, she wondered why so many advertisers use influencers, without it seems much evidence, or data to justify their decision? After all, most spending is subject to a certain rigour. Surely there are agencies with access to [&#8230;]]]></description>
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<p>A few weeks ago an old colleague (and loyal Cog Blog reader) Florence Waterman posed an interesting question. Paraphrasing, she wondered why so many advertisers use influencers, without it seems much evidence, or data to justify their decision? After all, most spending is subject to a certain rigour.</p>



<span id="more-1591"></span>



<p>Surely there are agencies with access to evidence and data? How come their expertise is not being accessed as frequently as it could be?</p>



<p>Maybe the influencer market is too small for anyone to bother much about?</p>



<p>The issue of influencers and their pay (and thus the size of the market) is in the news here as the whole matter is the subject of a recommendation from MPs to the UK Government that an investigation is held into what are referred to <a href="https://www.theguardian.com/media/2022/may/29/mps-investigate-influencer-pay-evidence-racial-gap">by ‘The Guardian’</a> as ‘inconsistent pay rates and evidence of a racial pay gap’.</p>



<p>The influencer market is estimated (in ‘The Guardian’ piece) to be worth $6bn in 2020, rising to $24.1bn by 2025. So, not small potatoes and well worth the bother.</p>



<p>It seems though that when it comes to direct relationship between brand and influencer the choice of individual and the details of any deal are frequently handled in-house as opposed to by the client’s media or creative agency.</p>



<p>Despite what you may read, in-housing is nothing new. Many advertisers (P&amp;G, Unilever, Mars, Diageo to name but a few) have been handling certain media functions for decades.</p>



<p>But there is no question the in-housing trend has accelerated, both in terms of number of advertisers investing in specialists, and the functions their teams deliver.</p>



<p>Some of this makes a lot of sense. In the case of performance marketing of a typical fast-moving consumer goods brand, linking the advertiser’s proprietary first-party data with social media outputs, and adjusting as you go along is, at least in theory made smoother if the whole exercise is done within the advertiser.</p>



<p>Setting corporate policy on such sensitive issues as diversity, inclusiveness and social responsibility and linking such policies to media activities is hard for any third party to do.</p>



<p>None of this is to suggest the agency can’t contribute – it can and it should by using its collective experience supported by research and insights to offer informed impartial advice.</p>



<p>However, ‘impartial advice’ is something agencies put at risk when they chose to make money doing agency deals with media vendors. After all, if you’re risking impartiality in your media selection by acting in a non-transparent manner why should anything you advise be trusted?</p>



<p>To add to the perfect storm of declining agency influence, the giant social media platforms have built impressive direct-to-client sales operations. They’ve in effect disintermediated the agencies – although they make all the right noises to convince the agencies to think otherwise.</p>



<p>The extent of the work done in-house by the advertiser is correlated with trust. It’s not black and white – having a team responsible for how the money is spent and ensuring the company’s corporate reputation is at the very least protected makes perfect sense and should happen anyway.</p>



<p>But there are borderline tasks when the thought must occur – I’d be better off doing this myself rather than risk getting into a fight over trust and transparency.</p>



<p>The best in-housing teams work with their agency partners. They recognise that the agency has experience outside of their own narrow sector, and the resources that can be brought to bear where necessary to enhance client performance through partnership</p>



<p>The trust and transparency debate was downplayed by the largest agencies when it first appeared. ‘Nothing to see here’ was a recurring theme.</p>



<p>Some of us though recognised that you reap what you sow; and that trust once lost is mighty hard to regain.</p>
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		<title>Essence and MediaCom</title>
		<link>https://www.bjanda.com/blog/essence-and-mediacom/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 25 May 2022 08:30:34 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1588</guid>

					<description><![CDATA[GroupM has announced that Essence and MediaCom are joining forces to form a new media agency. EssenceMediaCom is a bit of a mouthful, not to mention a challenge to users of random capital letters but no doubt the new agency will soon have a shorter nickname – EM, EssenceofMedia or given the end goal of [&#8230;]]]></description>
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<p>GroupM has announced that Essence and MediaCom are joining forces to form a new media agency. EssenceMediaCom is a bit of a mouthful, not to mention a challenge to users of random capital letters but no doubt the new agency will soon have a shorter nickname – EM, EssenceofMedia or given the end goal of strengthening MediaCom, E=MC2.</p>



<span id="more-1588"></span>



<p>There is a logic behind this – although maybe it’s not quite the game-changer that the <a href="https://www.campaignlive.co.uk/article/essencemediacom-formidable-competitor/1756188">trade press here</a> see it as being. Gideon Spanier in ‘Campaign’ called it: “..one of the most significant moves in the media agency sector in five years and probably much longer”.</p>



<p>The logic is that brands are unquestionably looking to plan across brand-building and performance activities. Many traditional media agencies are great at the former and frankly not that great at the latter. Working consistently across the two is a challenge.</p>



<p>Essence is without doubt a strong performance media agency. Of course that’s not all the agency does, but that is at its heart.</p>



<p>MediaCom on the other hand is … well, big. It’s actually rather hard to summarise what sets the agency apart from other similarly big competitors.</p>



<p>The other GroupM agencies seem more differentiated. Mindshare has always been good at complicated international clients. That’s the business’ heritage, the agency did after all emerge from two strong full-service network agencies in JWT and Ogilvy.</p>



<p>Wavemaker (the agency formally known as MEC) has always been strong on total comms, and integrated messaging. Back in the day the then MEC was one of my first clients when I set up BJ&amp;A, with a brief to advise on how they might differentiate the agency from its larger sibling Mindshare.</p>



<p>Wavemaker has found its niche, has put smart tools in place and does what it does well.</p>



<p>So, on one level putting Essence and MediaCom together certainly creates a difference.</p>



<p>On another level a cynic (good day to you) might argue that WPP and GroupM have worked out that they really don’t need four agency networks. After all, two or three seems to be quite sufficient for the competition. And they’ve been here before with Maxus.</p>



<p>Why not close one via a merger, save costs, dress it all up as a brilliant scheme to deliver performance and brand skills in the same shop and trumpet something about meeting client needs.</p>



<p>What strikes me as odd is that presumably Mindshare and Wavemaker clients have the same need to balance brand and performance. Are these two better at this than MediaCom and thus able to cope on their own without the need to call on Essence?</p>



<p>And if that’s not the case, what are they supposed to do now? Essence is no more as a standalone unit and is thus presumably unavailable.</p>



<p>Maybe Mindshare and Wavemaker have managed to develop these performance skills themselves in-house. If so, then how come MediaCom hasn’t been able to do so?</p>



<p>Given that GroupM units have traditionally fought like rats in a sack for their own independence over their siblings it doesn’t sound terribly likely that there’s suddenly been an outbreak of peace and love between Essence and MediaCom.</p>



<p>I buy the client need but this merger doesn’t feel to me like it’s all about meeting client needs.</p>



<p>Rather it looks more like a cost saving venture dressed up as something rather more noble.</p>



<p>Surely Essence could have carved out its own niche which it then offered in various hues to all three GroupM siblings. Wouldn’t an Essence-Inside model share expertise, tools and so on amongst all three traditional media agencies within the GroupM family?</p>



<p>Wouldn’t all three have been strengthened to the greater benefit of GroupM / WPP?</p>



<p>The merger of Essence and MediaCom has been beautifully packaged and sold. The idea has been bought hook line and sinker by the press, but I can’t help thinking that there’s more to it than meets the eye.</p>



<p>But then this is the COG Blog – Cynical Old Git.</p>
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		<title>The Channel or The Star?</title>
		<link>https://www.bjanda.com/blog/the-channel-or-the-star/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 05 May 2022 11:25:24 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1585</guid>

					<description><![CDATA[I was always taught that people watch content, not channels. There are caveats to that lesson – not least because when I was taught it there were quite literally two TV channels. I believe there are more now. There were also always exceptions. If a major event deemed to be of national importance – like [&#8230;]]]></description>
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<p>I was always taught that people watch content, not channels. There are caveats to that lesson – not least because when I was taught it there were quite literally two TV channels. I believe there are more now.</p>



<span id="more-1585"></span>



<p>There were also always exceptions. If a major event deemed to be of national importance – like a huge sporting event &#8211; was shown simultaneously across both BBC and ITV, the BBC always won the larger share of the audience.</p>



<p>Same content but one channel considered for whatever deep-seated reason to be more ‘appropriate’ than the other.</p>



<p>I’ve been thinking about this channel versus content balance a lot this week as yet another new TV channel burst upon our screens. This is TalkTV, owned by Rupert Murdoch’s News UK and a stablemate of TalkRadio which launched on April 22.</p>



<p>The launch of the new channel (which for much of its off-prime time on air screens simultaneous videocasts of the radio show) was dominated by a new, original show Piers Morgan Uncensored, featuring the man himself interviewing Donald Trump.</p>



<p>For readers unaware of Morgan he used to be a showbiz writer on News UK title ‘The Sun’, edited ‘The News of the World’ at 29, before moving on to become Editor of rival tabloid ‘The Mirror’. He moved to the US to take over Larry King’s old gig at CNN before the show was cancelled as a result of poor ratings.</p>



<p>In more recent times he co-presented a mainstream breakfast TV show, Good Morning Britain on ITV before storming off set as a result of a perceived insult and leaving the show.</p>



<p>He’s what we would call Marmite – some love him, others loathe him (who said ad slogans never enter the lingua franca any more).</p>



<p>Anyway, Piers signs with Murdoch as the face of his new TV channel, a venture that it’s boss Rebekah Brooks had already declared to be a commercial non-starter before Murdoch’s initiative; and persuades his old friend President Trump to be interviewed on opening night.</p>



<p>Whether you see this a major editorial coup, or a rather sad locking of horns by two ancient stags is up to you. &nbsp;</p>



<p>One of the joys of Twitter is that we can all rant on with our expert opinions on stuff about which we know very little. Sometimes Twitter, and my particular expertise touch.</p>



<p>One of the subjects I do know a little about is audience measurement – and once Piers and the Donald had done their stuff Twitter became a veritable online ASI meeting. Who knew so many knew so much about ratings?</p>



<p>My favourite was the guy who had a go at me about audience numbers (I had suggested that actually most people do use the BBC and do, in general, like it). His view is that all audience numbers are nonsense and that we should be paying attention to the ‘real information collected by people like Sky and Netflix’.</p>



<p>But let’s set all the technical stuff (like who’s telling the truth and who isn’t) aside and focus on what was said by the main players.</p>



<p>Morgan announced an audience of between 300 and 320,000 for his Trump interview. This he claimed beat BBC News and indeed everyone else.</p>



<p>Of course it didn’t, what he meant was his show performed credibly against the BBC News channel; it was way, way behind the numbers delivered by the main evening news on either BBC or ITV.</p>



<p>Without Trump subsequent Piers Morgan Uncensored shows have struggled and seem to have settled at about 60K – 65K.</p>



<p>Piers has of course now rubbished all audience data and instead quotes a worldwide online reach over 50 million. Yes, quite.</p>



<p>Back in the real world, Morgan’s presenting partner from his days on Good Morning Britain, Susanna Reid secured a live interview with Boris Johnson which is said to have reached a live audience of around 1.3 million.</p>



<p>Let’s assume that Johnson equals Trump; Reid equals Morgan (big assumptions I know). But the fact is Reid and GMB delivered an audience 4 times larger than Morgan and TalkTV.</p>



<p>Which only goes to show the importance of channel plus presenter. If as a presenter you go elsewhere you don’t take all your audience with you.</p>



<p>Habit plays an important part in many people’s (real people as opposed to anal advertising types or Twitter experts) consumption of media.</p>



<p>For many, breakfast TV equals Good Morning Britain; morning radio equals the Today programme or their favourite music; newspapers equals the same one (when they buy one); even posters – many people travel roughly the same routes each time.</p>



<p>Yes of course drama is different; yes people carry on watching their favourite formats even if it switches channel. But I suspect news is pretty habitual.</p>



<p>Piers Morgan is a big name but in part he’s a big name because of where he’s appeared. He’s helped the channels he’s been on; and they’ve helped him.</p>



<p>Even stars (especially stars..?) can get ahead of themselves.</p>
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		<title>Ask a Blogger: Netflix, Context, Measurement, Attention, Pitches and Twitter</title>
		<link>https://www.bjanda.com/blog/ask-a-blogger-netflix-context-measurement-attention-pitches-and-twitter/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Apr 2022 11:30:01 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1581</guid>

					<description><![CDATA[This week’s post is in the form of a Q&#38;A in which I opine on a number of matters apparently of great import to our industry (based unscientifically on frequency of appearance in my social media feeds). And other stuff that bugs me. Will Netflix Take Ads? Yes, and this should be of zero surprise [&#8230;]]]></description>
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<p>This week’s post is in the form of a Q&amp;A in which I opine on a number of matters apparently of great import to our industry (based unscientifically on frequency of appearance in my social media feeds).</p>



<p>And other stuff that bugs me.</p>



<span id="more-1581"></span>



<p><strong>Will Netflix Take Ads?</strong></p>



<p>Yes, and this should be of zero surprise to anyone.</p>



<p>Expect Netflix’s model to be imaginative and different to the traditional TV networks. Watch out for:</p>



<ul><li>Fewer ads per hour, sold at a premium</li><li>A fresh look at audience measurement probably featuring some attention metric</li><li>Ads limited to before and after shows</li><li>Flexible sponsorship opportunities</li><li>More product placement in Netflix productions</li><li>An ad-free premium service – which will be an issue as the very audience that a scheme like that is likely to attract will be the audience advertisers most want to reach.</li></ul>



<p><strong>Will streaming services lose subscribers?</strong></p>



<p>Yes, but not necessarily equally or proportionately. There is some evidence (from Kantar’s Dimension study) that subscribers to multiple streaming services will hang on to the ones they most value (not necessarily those they watch most frequently) and jettison the rest when money gets tight.</p>



<p>This is different to assessing each individually on the value for money each provides.</p>



<p>Expect offers, free trials and imaginative coupling with other company assets.</p>



<p><strong>Is editorial context a thing for advertisers?</strong></p>



<p>If we set aside the obvious desire to avoid unfortunate and avoidable juxtapositions with terrible images and stories, by and large no.</p>



<p>Advertisers may jump up and down when it comes to such as data privacy abuses by the online platforms, but they still spend money with them.</p>



<p>Look what happened when some of the world’s biggest advertisers boycotted Facebook a little while ago? FB shrugged, made a sad face and carried on doing much what they were before.</p>



<p>The boycotters soon came back.</p>



<p><strong>What about political context?</strong></p>



<p>Good for headlines but a slippery slope. Advertisers should be, and very largely are about reaching audiences. If audiences decide to gravitate towards certain newspapers or TV broadcasters, then advertisers of course will look at reaching them there.</p>



<p>Pressuring editors is not something advertisers should be engaged with – although of course if advertisers decide they don’t want to talk to an audience holding a particular political view espoused by certain media owners or commentators then that’s equally their prerogative.</p>



<p><strong>Should advertisers be involved in audience measurement?</strong></p>



<p>Absolutely they should.</p>



<p>At the end of the day it’s their money, they benefit from it being spent as widely as possible, and ultimately they’re responsible for measuring any effect generated.</p>



<p><strong>And should they pay?</strong></p>



<p>The beneficiaries of any measurement system should pay the bulk of any cost. So, yes.</p>



<p>There’s a strong case for an ASBOF-style levy, as is being explored by ISBA’s Project Origin. Levies allow you to share the cost widely, they become woven into the whole ad buying system, and they soon become accepted as an automatic process.</p>



<p>As they become established they help secure the measurement system and allow for visionary planning of activity. &nbsp;</p>



<p>You don’t hear many complaining or even questioning the self-regulatory system funded through the ASBOF levy.</p>



<p><strong>But what about the currencies?</strong></p>



<p>What about them? They’re fine, they can always be improved and there are perfectly good mechanisms and processes for improving them.</p>



<p>Advertisers’ concerns are with inter-media choices – the choices between advertising and PR, or video and audio. The currencies are about intra-media – this package of OOH sites versus that package.</p>



<p><strong>Is ‘attention’ the saviour of audience measurement?</strong></p>



<p>No of course not. You may as well ask ‘is a potato the saviour of all meals?’</p>



<p>Attention is important, we should measure it and include it as a crucial element in media decisions. Much kudos to Karen Nelson-Field, and Mike Follet and others for doing what they do, and doing it so well.</p>



<p>But you can make a great meal without potatoes, even if adding potatoes will no doubt make it even better. And potatoes on their own, although lovely soon pall.</p>



<p><strong>Are there too many new business pitches?</strong></p>



<p>There are too many badly conceived and run new business pitches.</p>



<p>Pitches are expensive (look at the time spent by the client team, let alone the agencies), and rarely lead to a better outcome.</p>



<p>What they often do lead to is a cheaper outcome, swiftly followed by a realisation at the winning agency that it can’t deliver to its promises and can’t maintain the promised resource for the fee. So, the agency reduces resources, cuts back on service, upsets the client and round we go again.</p>



<p>Still, keeps the trade press in business I suppose.</p>



<p><strong>What will Elon Musk do with Twitter?</strong></p>



<p>Who knows? Certainly not me, and quite possibly not him.</p>
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		<title>Buy The Plan</title>
		<link>https://www.bjanda.com/blog/buy-the-plan/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 21 Apr 2022 14:02:41 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1579</guid>

					<description><![CDATA[These are turbulent times for the usually stable and insulated world of audience measurement. Some of this is about blaming the messenger (I would say a lot of the current US debate around Nielsen comes down to a desire to push bigger numbers into the buying market), but a far more significant debate is taking [&#8230;]]]></description>
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<p>These are turbulent times for the usually stable and insulated world of audience measurement. Some of this is about blaming the messenger (I would say a lot of the current US debate around Nielsen comes down to a desire to push bigger numbers into the buying market), but a far more significant debate is taking place around control and funding.</p>



<span id="more-1579"></span>



<p>To understand the importance of what’s happening needs us to take several steps back. What’s audience measurement for? What exactly do we need to know? Who benefits?</p>



<p>I think this is really about the growing importance of planning. Up until recently media agencies and those who sell to them had one thing to worry about – what to pay for whatever it was you had decided to buy.</p>



<p>This may be unfair – after all agencies and vendors have extensive resources tied up in research designed to help them decide what channels are best suited for their clients’ needs – but let’s be honest. The game has for an age been all about buying, and justification. Not planning and buying.</p>



<p>The focus has traditionally been on what many, me included see as a too comfortable relationship between buyer and seller. Don’t rock the boat, don’t ask awkward questions.</p>



<p>But this all changed with the Mandel affair. Once Jon threw a rock into the still pool of that comfortable relationship life changed.</p>



<p>First the ripples hit the whole topic of rebates. Buyers had to accept an era of transparency or literally lose business. Margins fell and trade press headlines around Agency X declaring war on Channel Y stopped as the realisation dawned that Agency X had always really been playing war games with someone else’s money.</p>



<p>It also became obvious to everyone in the cosy old world that money was drifting away from them towards the online giants. In fact, not so much drifting as flooding.</p>



<p>Meanwhile the old guard continued to do what old guards always do – stick their fingers in their ears and hope the problem goes away.</p>



<p>Keep talking about buying mechanisms, shares and so on even if the caravan has moved on.</p>



<p>Now the Mandel ripples have hit measurement.</p>



<p>What we need, what we’ve needed for literally decades has been a measurement infrastructure to support planning.</p>



<p>For agencies to do what they often argue (particularly in public) they have been doing all along needs them to plan first, and then buy the plan.</p>



<p>And how should they do that?</p>



<p>They need to convince their clients that planning is something worth paying for; then they need the confidence to deliver those plans – a confidence that comes from knowing there is a research foundation in place on which they can build.</p>



<p>You still need the currencies, the BARBs, PAMCOs and the rest. It’s just that way back when, in an era of limited supply and excessive demand, when buying was all that mattered that may have been all you needed.</p>



<p>Planning stuff was for new business pitches, and conference speeches. The ‘real world’ as those charming ex-buying chiefs would remind us all was about the price you paid (and the margin the agency could make to fund all ‘your flowery planning stuff’).</p>



<p>‘Planning’ was front of house, window dressing to distract from the real business going on in the back office.</p>



<p>Slowly, but relentlessly we are waking up to the importance of being able to explain how to balance advertising with events with sponsorships with PR.</p>



<p>To split ad budgets between online platforms, TV (in its many forms), print, OOH, DM, audio and the rest.</p>



<p>This is why ISBA’s Origin initiative is so important, and why how it’s funded is key. Advertisers should always have been at the forefront of these matters; the fact they weren’t for so long is their failing but better late than never. Far better.</p>



<p>It never made any sense to write a plan, then buy something different to justify the agency’s upfront commitment.</p>



<p>We need the measurement experts to help us throughout the new flow: build the plan, justify the plan, buy the plan.</p>



<p>Not just with the last bit.</p>
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		<title>Keeping It Real</title>
		<link>https://www.bjanda.com/blog/keeping-it-real/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 07 Apr 2022 10:01:28 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1576</guid>

					<description><![CDATA[DISCLOSURE: BJ&#38;A IS A FOUNDER OF THE CRATER LAKE COLLECTIVE MENTIONED IN THIS POST I am, as those who read The Cog Blog regularly know, a fan of keeping things simple. I believe that life is complicated enough without us adding to it by using long words where shorter ones will do, or inventing technologies [&#8230;]]]></description>
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<p><strong><u>DISCLOSURE: BJ&amp;A IS A FOUNDER OF THE CRATER LAKE COLLECTIVE MENTIONED IN THIS POST</u></strong></p>



<p>I am, as those who read The Cog Blog regularly know, a fan of keeping things simple. I believe that life is complicated enough without us adding to it by using long words where shorter ones will do, or inventing technologies that nobody except those doing the inventing want or need.</p>



<span id="more-1576"></span>



<p>Let’s immediately break the shorter words principle by saying it’s with some trepidation that I meander into the world of attribution and modelling.</p>



<p>You’ll notice I write ‘world’ in the singular.</p>



<p>Advertisers advertise in order to sell more or sell the same amount at a higher price. In effect to make more money.</p>



<p>Everything else is geared around that aim. A ‘feel good’ banking ad? Designed to make you feel better about the bank of course, but with the desired end goal being that you’ll open an account or save more.</p>



<p>A charity ad created to tug on your heartstrings? Done to persuade you to give, or give more.</p>



<p>Don’t get me wrong, there’s nothing wrong with this and yes it is obvious – but mysteriously we often forget it.</p>



<p>We’ve convinced ourselves, or been convinced that actually the end point is reach. Or frequency. Or GRPs. Or clicks. Or likes.</p>



<p>Whereas a moment’s thought makes you realise that these are at best mere staging posts, steps along the way to selling more stuff.</p>



<p>And that when it comes to clicks there are bad players corrupting the data we get to see.</p>



<p>The bit of the advertising industry that has always interested me is those brave men and women who spend their time trying to understand why things work, and thus how to make them work better.</p>



<p>The problem we all have is that to understand we need confidence in the data going into the models. Garbage in, garbage out as someone said.</p>



<p>If bots infect click data then click data becomes pretty meaningless as an indicator of what’s working. It may not matter (actually it does) if all you’re interested in is clicks (like someone selling advertising on an online channel), but with respect if that’s the case you’re looking in the wrong place.</p>



<p>All of this can be summarised in the title of an <a href="https://www.craterlakeandcompany.com/blog">excellent piece of work</a> by my <a href="https://www.craterlakeandcompany.com/">Crater Lake</a> colleague David Beaton called Bots Don’t Buy.</p>



<p>David’s premise is simple. If you want to understand what drives people to buy stuff look at the people doing the buying, not the ‘people’ doing the clicking.</p>



<p>Because some of those ‘people’ aren’t people.</p>



<p>There is another principle at play here too.</p>



<p>If you really want to understand how things work you have to look at every influence.</p>



<p>So, yes online advertising works, but it usually works better in combination with other media forms.</p>



<p>It stands to reason that any model seeking to explain effect, and what drives it has to take in data from all channels used (something else the <a href="https://www.craterlakeandcompany.com/">Crater Lake</a> approach does). That’s online and offline, so that advertisers can be properly advised on the best balance between channels for their business.</p>



<p>It’s why Crater Lake takes in data from <a href="https://www.meshexperience.com/">MESH Experience</a> in David’s modelling, given that MESH collects real-time data on all consumer touchpoints.</p>



<p>It’s why I wrote ‘world’ in the singular. Attribution and modelling may be presented by those digital experts who think advertising was only invented when they came along, as different things, but actually they’re part of the same thing and should be treated as such.</p>



<p>Keeping it simple: to understand what works means you have to consider every option. Media forms work together; and bots don’t buy stuff.</p>



<p>“To understand is to know what to do”. As my old mate Wittgenstein put it.</p>
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		<title>Lessons From a Career – Part One</title>
		<link>https://www.bjanda.com/blog/lessons-from-a-career-part-one/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 25 Mar 2022 09:33:09 +0000</pubDate>
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					<description><![CDATA[I started in this business at the tail end of the 1960’s, which is a very long time ago. I’ve been an ad agency messenger, a desk researcher, market researcher, media person, entrepreneur, consultant. I’ve done UK, regional and global jobs, here and from the US. I’ve been pretty rubbish at some of these things; [&#8230;]]]></description>
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<p>I started in this business at the tail end of the 1960’s, which is a very long time ago. I’ve been an ad agency messenger, a desk researcher, market researcher, media person, entrepreneur, consultant. I’ve done UK, regional and global jobs, here and from the US. I’ve been pretty rubbish at some of these things; better at others. I would though have had to be incredibly thick not to have learnt a little along the way.</p>



<span id="more-1572"></span>



<p>From time to time through 2022 I’m going to do my best to share some lessons learned. I’ll try to stick to one per post, and to illustrate with examples.</p>



<p>First up – I’m not a genius who can do everything. Nor are you.</p>



<p>It’s amazing, in fact it’s rather depressing to listen to people preach about something they know little about.</p>



<p>For example, I’m a poor judge of creative work. Certainly, I like some stuff more than others, and of course I can argue for what I like but that’s different from saying I’m a great arbiter of what is creatively excellent.</p>



<p>I learned this the hard way at Leo Burnett. We decided to run a competition to encourage new creative talent into the agency. We did this via a series of ads in the newly launched ‘Independent’. Anyone could apply, the winner (or winners, as it turned out we decided on two) were hired, initially for a guaranteed 6 months but with the chance of a permanent role if things worked out.</p>



<p>To enter you had to answer a series of questions filched from the famous JWT Copy Test.</p>



<p>I don’t remember if we used my favourite question from that: ‘Describe a piece of toast to a Martian’ but we did have our own version: ‘You’re on the phone to the past with limited time, describe TV to William Shakespeare’.</p>



<p>As I had been involved from the start and had convinced the newspaper to run the ads for a pittance, I was on the judging panel.</p>



<p>What I learned very quickly was that there was unanimity (or very close to it) amongst the creative teams on the panel when it came to selecting a short-list and choosing a winner.</p>



<p>The outlier was me. Once I had tried to argue for a couple of the entries I fancied and been convinced I was wrong I just went with the flow.</p>



<p>You might say I should have stood up for what I believed in, but the truth of it was that they knew what they were talking about, and I really didn’t.</p>



<p>More recently I have found myself on social media arguing about the BBC. I’m a fan of the BBC (maybe less so of BBC News but that’s a separate issue). I’m also a fan of audience measurement and of research.</p>



<p>So when I read that some bloke who clearly knows little claims that ‘nobody watches the BBC’ or ‘nobody likes the BBC’ (usually just above the earlier entry on their timeline going on about the wonders of ‘Line of Duty’ or how David Attenborough’s programmes are spectacular) then I feel it necessary to correct them with the facts.</p>



<p>I know quite a lot about a narrow thing. I know a little about related things. And I know sod all about a lot of things.</p>



<p>Respect others’ expertise. Learn from it and from them.</p>



<p>PS – If you can stomach me wittering on for even longer about how I started, and the lessons I’ve learned along the way you may be interested in this <a href="https://www.youtube.com/watch?v=KPIRbB-xrOM">podcast interview</a> with me hosted by Leaf. It’s 45 minutes but so well edited that it seems shorter!</p>
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		<title>On Origin</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Mar 2022 13:32:51 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1568</guid>

					<description><![CDATA[ISBA (the UK advertisers’ trade organisation) is on the hunt for a CEO for Origin, the third in the project’s comparatively short history. I am a fan of Origin, or rather what Origin could become – unlike some in the audience measurement community. Here’s why. ISBA is, along with its sister organisations the WFA and [&#8230;]]]></description>
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<p>ISBA (the UK advertisers’ trade organisation) is on the hunt for a CEO for Origin, the third in the project’s comparatively short history. I am a fan of Origin, or rather what Origin could become – unlike some in the audience measurement community. Here’s why.</p>



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<p>ISBA is, along with its sister organisations the WFA and the ANA driving a cross-media measurement initiative. Origin is the UK version of this although the key principles apply equally elsewhere.</p>



<p>I think this represents an important crossroad in the history of media measurement. In the past, audience measurement was a) driven by the media vendors, who paid the majority of the bill and b) focussed on intra-media matters such as the relative size of the audience to particular vehicles.</p>



<p>As such, audience measures were very largely about the determination of value. In ad circles that meant buying.</p>



<p>This was, and is a neat system, that’s still of great benefit today. All sides agree on how to measure audiences; all sides are thus free to argue about how best to spend the budget within the medium without concerning themselves over-much with the merits or otherwise of competing research methodologies (and yes, I know what’s happening in the US at the moment, but the point still holds).</p>



<p>Now we’re finally moving on to compliment these buying measures with measures designed to help us understand how media forms work in combination.</p>



<p>Audience measurement was not and never has been about communications planning. Yes, BARB and the others provide important and verifiable building blocks in the construction of the plan but they’re of little help when it comes to planning decisions.</p>



<p>How to decide what budget to allocate between video and audio? Between OOH and YouTube? And far more significantly between advertising and PR, or in-store and sponsorships?</p>



<p>These are matters of little concern to vendors who have prioritised growing their slice of the cake over baking a larger cake in the first place. You can’t blame them for that – why should a TV broadcaster fund a system which may end up costing them ad revenue?</p>



<p>They are matters of concern to agencies – but again agencies’ focus has been on buying over planning, as we all know. This is changing as choices proliferate and more media becomes biddable.</p>



<p>These planning questions matter to advertisers. Insights can help guide and justify decisions on the big questions. The data generated can feed into own systems, the proprietary models that combine advertiser data with exposure adjusted for quality.</p>



<p>I don’t have any inside knowledge on the vision for Origin, or on its roadmap but if you’re about to eat an elephant it really does make an awful lot of sense to tackle it one small bite at a time.</p>



<p>Phil Smith, ISBA’s DG used to be a client of mine and I can tell you he’s very good at elephant-carving.</p>



<p>It makes sense to tackle the whole consolidate-video-viewing question first. How to combine FB video with YouTube with TikTok with streaming with linear TV (et al) is important.</p>



<p>But it’s an amuse-bouche, not the whole meal.</p>



<p>This longer-term, big-picture vision is why a levy is the best funding mechanism out there. Set up a system where a tiny % of every budget goes into a pot that funds Origin and you’ve in effect established a sustainable R&amp;D fund to benefit all ISBA members.</p>



<p>Origin can initiate planning-focussed projects without constantly having to go through the nightmare of funding each in turn.</p>



<p>Establish an oversight Board to approve projects, and an operations team to deliver to them, supported by external experts and a research agency roster.</p>



<p>Some of my audience measurement friends argue that advertisers’ effectiveness models are by their very nature proprietary and thus not fertile ground for any industry initiative. I think that’s incorrect.</p>



<p>You still need the planning bricks. The parallel would be the outstanding work done by Peter Field and Les Binet over the years using IPA Ad Effectiveness (and other similar studies’) data.</p>



<p>No-one takes Peter’s and Les’ aggregated findings and leaves it at that. That work informs and fuels proprietary work appropriate to each specific advertiser.</p>



<p>Origin is a big idea and represents a major opportunity for the industry. It places advertisers at the heart of thinking around the future of audience measurement, it encourages research agencies to think outside the intra-media currency box, it helps vendors contextualise their offering, it genuinely moves the game on.</p>



<p>It won’t be easy, it will be politically fraught, the funding needs to be right, but in an era defined by planning driving trading, and not the other way around, Origin has the potential to be at the heart of a significant shift in understanding how commercial communication works, and how it can be made to work better.</p>
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		<title>Stand Up, Speak Up</title>
		<link>https://www.bjanda.com/blog/stand-up-speak-up/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Mar 2022 12:03:56 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1566</guid>

					<description><![CDATA[Last week’s post was all about keeping it simple, a principle that we often forego in favour of the (in my view) short-term belief that (to steal from Irwin Gotlieb) in confusion lies margin. The tech industry has as usual ignored history and is merrily pursuing its aim to confuse the life out of anyone [&#8230;]]]></description>
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<p><a href="https://www.bjanda.com/blog/keep-it-simple/">Last week’s post</a> was all about keeping it simple, a principle that we often forego in favour of the (in my view) short-term belief that (to steal from Irwin Gotlieb) in confusion lies margin. The tech industry has as usual ignored history and is merrily pursuing its aim to confuse the life out of anyone not a member of the magic circle.</p>



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<p>One of the comments I received came from Jon Waite, ex Dentsu Aegis now at Havas. Jon made the excellent point that if he doesn’t understand something he always (in his words) plays the village idiot and asks. Others should thank him for asking.</p>



<p>A few years ago at an asi Conference, Richard Marks asked Steve Wilcox what he meant by ‘regression from the mean’. There must have been 300-odd people in that room, and by my estimate at least 290 of them offered a silent ‘thank you’ to Richard.</p>



<p>It’s not the easiest thing to speak up. You may think you’re signposting your ignorance, that you look stupid, that you really should know the answer given your experience or seniority.</p>



<p>All of these feelings are understandable, but they need correcting. We’re never going to get anywhere if those making the decisions genuinely don’t have at least some understanding of the basis on which the recommendation to do this or that have been made.</p>



<p>One of my earliest lessons, from one Bernard Bennett (there may be one or two readers who remember him) at Southern TV was: if you don’t know, ask.</p>



<p>I used to go along to friendly, unthreatening gatherings like the MRG, and make myself stand up and ask questions. It wasn’t I admit easy, but it got easier.</p>



<p>Later, when I had accumulated some experience, I used to welcome people asking me things. It’s flattering to be asked; I genuinely never thought ‘what an idiot, how on earth did he get there without knowing that?’</p>



<p>You learn from others after all.</p>



<p>One lesson is never to pontificate on something you don’t understand.</p>



<p>Once I did a presentation to a client about some media measurement issue, and to make it appear a lot more complicated than it really was (‘in confusion lies margin’) I cut and pasted an impressive looking formula from a learned article on whatever the topic was.</p>



<p>I remember my line well – and this was 40-odd years ago. ‘We’ve looked into this and come up with this formula which I’m sure you’ll be pleased to know I don’t intend taking you through today.’</p>



<p>The client’s response is also seared into my memory. It was something like: ‘I did my PHD on something similar to this, I would actually really like you to walk me through it.’</p>



<p>Of course I couldn’t and the humiliation lingers.</p>



<p>This sense of embarrassment and shame seems to vanish when it comes to those who fill my timelines on social media. It’s extraordinary how many a) international trade experts, b) epidemiologists and c) geopolitical strategists connected to me.</p>



<p>Even more impressive is these skills seem to reside in the same people.</p>



<p>I know nothing about these three topics, so I read what I can from those who (genuinely) do. I may, having read up on the topic express an opinion but I don’t pretend it’s anything more than that.</p>



<p>But I do know quite a lot about some things, including advertising, media and audience measurement. So it is with confidence that I say that most people who post on these things know nothing about them (probably because their brains are full given their expertise on trade deals, epidemiology and geopolitics).</p>



<p>If you doubt me read the comments from those who love GBNews and who express their love by denigrating rival channels’ viewing figures. Or those who confuse sales with readership. Or how we can fund the BBC with advertising, or – oh don’t get me started..!</p>



<p>There are of course many people who do know a great deal about these things, but that population, although large makes up a very small proportion of the comments I see.</p>



<p>We’ve got used to valuing everyone’s thoughts equally, however uninformed they may be.</p>



<p>We’ve forgotten the value in learning; and we’ve fallen back into believing that asking someone something is an indicator of weakness or stupidity, to be mocked.</p>



<p>And so we avoid it. No-one likes to be mocked. Surely it’s better for the self-esteem to shout louder, to stare down those who doubt you, to intimidate.</p>



<p>To cut and paste the formula.</p>



<p>No, it isn’t. It really isn’t.</p>



<p>Ask away, curiosity is a sign of strength. And bullshitters get caught out, eventually.</p>
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		<title>Keep It Simple</title>
		<link>https://www.bjanda.com/blog/keep-it-simple/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 03 Mar 2022 08:51:51 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1563</guid>

					<description><![CDATA[One of the challenges in writing this blog is keeping myself comparatively up to date. When I originally came up with the name Cog Blog, ‘COG’ stood for Cynical Old Git. Today’s post focusses on the ‘O’, the old bit. I honestly don’t believe I’m alone in thinking ‘what on earth was all that about?’ [&#8230;]]]></description>
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<p>One of the challenges in writing this blog is keeping myself comparatively up to date. When I originally came up with the name Cog Blog, ‘COG’ stood for Cynical Old Git. Today’s post focusses on the ‘O’, the old bit.</p>



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<p>I honestly don’t believe I’m alone in thinking ‘what on earth was all that about?’ when reading certain pronouncements from the adtech industry. I don’t think I’m particularly dumb, but I really struggle to understand what the end-benefit is from so many of these tools and systems. And by end-benefit I mean benefit to the end client – the advertiser.</p>



<p>There are two things about most adtech that irrationally annoy me. First, that they attach the word ‘ad’ to what they do. These systems may be connected to advertising in that they measure something to do with audiences – numbers, or behaviours.</p>



<p>But they have nothing to do with the ad business – the business of producing commercial messages that persuade real people to do real things.</p>



<p>As I said, quite possibly irrational.</p>



<p>The second less irrational element is how complicated the purveyors of these things make them sound.</p>



<p>Don’t get me wrong – in many cases what they do is clever beyond my understanding, but true brilliance lies in making the complicated appear simple.</p>



<p>At Aegis and subsequently at Carat I had the great pleasure to work with Jeremy Swinfen Green. Jeremy was a digital expert before such people existed. I’m sure he remains supreme at what he does, but back then in the 1990’s he wasn’t far off being unique.</p>



<p>Jeremy was particularly good at making things sound simple (he had to be with me around, let’s be honest).</p>



<p>One story he used to tell to illustrate the commercial power of the internet was around a guy in the middle of nowhere, with just a phone line, a neighbour and a hunger for a pizza.</p>



<p>Imagine, Jeremy would say, this guy could go online, search for pizza delivery companies within a 5-mile radius, download their menus looking for his favourite pepperoni, compare ingredients and prices, waiting times, delivery costs, read the reviews, download his credit card details, and order his pizza.</p>



<p>Or he could ask his neighbour for his recommendation, phone the pizza guys and place his order.</p>



<p>The point is that just because you can doesn’t mean you should.</p>



<p>I’m from an era when media in agencies was of little interest to advertisers. We can all moan on about irresponsible clients not caring how their money was being spent, and we can draw straight lines between then and the transparency wars of today.</p>



<p>But we rarely ask ourselves why clients didn’t engage.</p>



<p>One reason was that we were so terribly boring. We talked in a language only we understood. We confused.</p>



<p>You might ask why, and the best answer I can give you came from Irwin Gotlieb, Global CEO at GroupM. To paraphrase from the wisdom of Irwin: ‘In confusion lies margin.’</p>



<p>That policy did indeed work for a good while but look where it led us. To a place where media agencies are not trusted by their clients, where clients would rather handle their own negotiations than risk being fleeced and where our obsession with meaningless metrics like clicks, impressions and the rest has driven creativity into the background at the same time we convince ourselves ‘we’re being accountable’.</p>



<p>And – worst of all – to a place where consumers actively dislike ads, especially online ads.</p>



<p>I’m with Bob Hoffman in loathing how tracking is used and what it’s done to the industry.</p>



<p>But what is far more important than what Bob and I think is what consumers think.</p>



<p>The proponents of online tracking talk a lot about relevance, but there’s a fine line between relevance and stalking. We cross that line far too often.</p>



<p>If advertisers knew the half of what goes on in adtech, how much fraud exists, how disliked excessive frequency and retargeting is amongst their customers they would spend an awful lot less.</p>



<p>Just as well for the adtech business that we don’t understand it, isn’t it? And that we’ve come too far to admit it by asking the right, the simple questions.</p>



<p>The trouble is, history tells us that eventually the paying customer asks enough of the right questions to understand enough about what’s going on to work out what to do.</p>



<p>And what to do involves ensuring that value is added, at a price worth paying.</p>



<p>If you truly add value, then say so, clearly and simply.</p>



<p>Talking in tongues doesn’t work. Take it from an old, oft-bitten git.</p>
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		<title>Why We Should Buy Better Boots</title>
		<link>https://www.bjanda.com/blog/why-we-should-buy-better-boots/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Feb 2022 12:25:18 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1560</guid>

					<description><![CDATA[Whichever way you look at it, and whatever Oscar Wilde quotes about cost and value you use, the biggest problem faced by our industry at the moment lies in the primacy of short-term effects over long-term brand health. The long-term argument is a simple one. People’s perceptions of brands matter. How we see and think [&#8230;]]]></description>
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<p>Whichever way you look at it, and whatever Oscar Wilde quotes about cost and value you use, the biggest problem faced by our industry at the moment lies in the primacy of short-term effects over long-term brand health.</p>



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<p>The long-term argument is a simple one. People’s perceptions of brands matter. How we see and think about brands is impacted by how the brand talks to us, and how everybody and everything associated with it behaves. And that perception carries through into how we buy stuff in the short-term.</p>



<p>Brands are magical, products are not. And people will pay for and are loyal to magic.</p>



<p>One of my favourite brands is Yorkshire Tea. Why? Does it taste better than other teas? I like it but then I like tea and if faced with a blind taste test I doubt I could pick it. Is it cheaper than the others? I have no idea but I’m sure you can find cheaper. Do I like the packaging? It’s certainly more interesting than most and it’s distinctive.</p>



<p>If I go in for some internal examination of why I like Yorkshire Tea I conclude that really what I like is how the brand communicates. <a href="https://www.youtube.com/watch?v=8cipMoGKXGE">The TV ads</a> with professional Yorkshireman Sean Bean are fun and make me chuckle. Their social media presence is to-the-point, blunt, no-nonsense, wry. Very on-brand, very Yorkshire. They’re consistent and consistently good.</p>



<p>I also love the idea that there may be people who believe we grow tea in Yorkshire. &nbsp;</p>



<p>I know nothing about the product that makes me buy it over others, but I like the brand. And that’s down to the ads and the consistency in the communication. So I buy it. Every week.</p>



<p>If Yorkshire Tea followed me around the supermarket yelling ‘Buy my tea’ in my ear at every opportunity (the closest I can get to how so much online advertising makes me feel) I would buy literally any other brand first.</p>



<p>But my friends at Yorkshire Tea (as I feel about them, quite irrationally) wouldn’t do that (or so I like to think). They might offer me a promotion to double-lock my loyalty, but if they did so I feel sure it would be done in a way consistent with every other element of the brand’s communication.</p>



<p>The brilliant UK cook and food campaigner Jack Monroe has recently taken on the inequities of how inflation is measured here. Her point is that real-world increases in food prices suffered by the most disadvantaged are buried in a catch-all inflation number that is made up of a number of items of absolute irrelevance to them.</p>



<p>In other words, their inflation is a lot worse than the headline numbers would have us believe, and as so much policy is driven by the catch-all number the situation for the poorest members of society gets downplayed and continues to worsen.</p>



<p>As a part of her campaign, Jack’s created <a href="https://www.theguardian.com/business/2022/jan/26/cost-of-living-crisis-ons-inflation-jack-monroe">‘The Vimes Boot Index’</a> after the Terry Pratchett ‘Discworld’ character Sam Vimes.</p>



<p>The principle is that if you can only afford £10 for a pair of boots, then over the course of say 5 years you’ll need as many as 10 pairs of boots, as they’ll keep falling apart. If on the other hand you can afford £100 for a pair, they’ll last you longer than 5 years, so in the long run the £100 pair are the better buy.</p>



<p>Jack’s point is that the people with the greatest need of boots can’t afford the £100. They have no option but to keep buying the £10 versions so the cost to them in the long-run is higher.</p>



<p>I’m in no way suggesting that the niche travails of those of us privileged to work in the ad industry are even in the same league of seriousness when it comes to the real-life problems faced by those with the least.</p>



<p>But there is a lesson here. We can afford the more expensive boots. We have the luxury of being able to pay for quality that lasts.</p>



<p>It’s about time we did.</p>
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		<title>Make &#8216;Em Laugh</title>
		<link>https://www.bjanda.com/blog/make-em-laugh/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Feb 2022 13:59:01 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1558</guid>

					<description><![CDATA[A much quoted Advertising Association number from long ago was that 51% of consumers preferred TV ads to the programmes in which they appeared. I don’t have up-to-date data but you can bet your life the equivalent number is now lower. A lot lower. In his excellent book ‘Why Does The Pedlar Sing?’ Paul Feldwick [&#8230;]]]></description>
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<p>A much quoted Advertising Association number from long ago was that 51% of consumers preferred TV ads to the programmes in which they appeared. I don’t have up-to-date data but you can bet your life the equivalent number is now lower. A lot lower.</p>



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<p>In his excellent book <a href="https://www.amazon.co.uk/Why-Does-Pedlar-Sing-Advertising/dp/B08XZWR3FK/ref=sr_1_1?crid=3R1SI5YWBTG0E&amp;keywords=why+does+the+pedlar+sing&amp;qid=1644495875&amp;sprefix=why+does+the+pedlar%2Caps%2C476&amp;sr=8-1">‘Why Does The Pedlar Sing?’</a> Paul Feldwick quotes Martin Boase, Founder of BMP, a wonderful agency that metamorphosed into today’s Adam and Eve DDB.</p>



<p>Paul has Boase saying: “We believe that if you’re going to invite yourself into someone’s living room for 30-seconds you have a duty not to bore them or insult them by shouting at them. On the other hand, if you can make them smile, or show them something interesting or enjoyable – if you’re a charming guest – then they may like you a bit better, and then they may be a little more likely to buy your product.”</p>



<p>This is such a good quote. Within it are multiple principles: be likeable, entertain, don’t shout, all of which lead to more sales. We seem to forget much of this these days.</p>



<p>Mediatel News this week <a href="https://mediatel.co.uk/news/2022/02/08/ads-arent-welcome-anymore/">contained a piece</a> from that well-respected brand marketer Jan Gooding entitled ‘Ads aren’t welcome any more’ in which she uses similar language – ‘be an interesting guest’, ‘I despair at the unwelcome intrusion, and ’go away, you’re not welcome here..’.</p>



<p>Feldwick joined Martin Boase at BMP in 1974; Gooding is writing 48 years later.</p>



<p>Why are we so poor at learning lessons?</p>



<p>I’ve written before about the lowering of creative standards in advertising. There are no doubt many reasons for this but if you look at the wider world you would be quite wrong to assume that we are living in an age of zero creativity.</p>



<p>Take music, art, film, theatre, literature. Are we going through some sort of barren age? I don’t think so.</p>



<p>The talent is and has always been there. Whether it’s attracted to advertising is another question which, if the answer is ‘no’ may have something to do with what follows.</p>



<p>I think one reason why so much advertising these days is so dreadful, so shouty, so unwelcome is we’ve become unbalanced.</p>



<p>We used to be unbalanced, but the other way. ‘Media’ and everything connected to it was ignored, the numbers seen as justification as opposed to offering any insight or direction. Creativity was all; the five-minutes-for-the-media-presentation-before-lunch story was real, and not funny.</p>



<p>Some of us may not have liked it, it may well have lead eventually to the break up of the full-service agency model but at the end of the day there were more good ads out there.</p>



<p>Now it’s the other way around. Decisions are made on media numbers that sometimes aren’t real, and on the occasions they are real are (often wilfully) misused.</p>



<p>Those selling throw around data like confetti. Like confetti they float away on the breeze or are swept up, only to be replaced by the next lot.</p>



<p>The arguments, like the data are transitory. If you don’t like this one, wait around – another one will be along in a minute.</p>



<p>We have no collective memory, no interest in learning from the past and so we just keep making the same mistakes.</p>



<p>We would rather talk of new technology per se than of what we might do with it, how we might use it to benefit our clients and the customers they rely on.</p>



<p>We want everything done fast, and cheap. We want to use data, and indeed we should, but we then stretch and bend it into all sorts of weird shapes for which it was never intended.</p>



<p>We place algorithms and systems ahead of people’s judgement because they’re faster and cheaper, forgetting that these are tools, hugely valuable in the right hands but equally dangerous if they’re misunderstood.</p>



<p>Martin Boase, and Jeremy Bullmore, Leo Burnett, Bill Bernbach, David Ogilvy, and many more from that time were craftsmen. They built things that lasted.</p>



<p>We should ask ourselves not only will this campaign or this ad be seen, for how long and how many times but will it be remembered, will it last.</p>



<p>If we can make ‘em laugh, entertain them, be welcomed we have more chance of being remembered.</p>
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		<title>The Primacy of the Client</title>
		<link>https://www.bjanda.com/blog/the-primacy-of-the-client/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 03 Feb 2022 08:54:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1554</guid>

					<description><![CDATA[Last week saw the UK Advertising Association’s Renew 2022 event, held jointly with the IPA (agencies) and ISBA (advertisers). In amongst excellent initiatives on growing and maintaining talent, and improving inclusiveness ISBA’s President, Peter Duffy, Moneysupermarket.com’s CEO updated delegates on Project Origin. This is the cross-media measurement initiative launched by ISBA’s DG, Phil Smith at [&#8230;]]]></description>
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<p>Last week saw the UK Advertising Association’s Renew 2022 event, held jointly with the IPA (agencies) and ISBA (advertisers). In amongst excellent initiatives on growing and maintaining talent, and improving inclusiveness ISBA’s President, Peter Duffy, Moneysupermarket.com’s CEO updated delegates on Project Origin.</p>



<p>This is the <a href="https://www.bjanda.com/blog/audience-measurement-at-the-2019-asi-conference-enter-the-advertiser-part-one/">cross-media measurement initiative</a> launched by ISBA’s DG, Phil Smith at the asi event in Prague in 2019.</p>



<span id="more-1554"></span>



<p>Duffy made the point that many have made before him back to 2019 <a href="https://www.bjanda.com/blog/audience-measurement-enter-the-advertiser-part-2-who-pays/">(including this blog)</a> that Origin isn’t seeking to replace any of the existing JIC services: “Origin does not seek to replace other projects or solutions; instead it’s trying to complement them”. His speech is comprehensively covered <a href="https://mediatel.co.uk/news/2022/01/27/isba-2/">here, on Mediatel</a>.</p>



<p>One of the more interesting aspects is who funds Origin. I’ve argued, both from the stage at the original asi launch, and subsequently that <a href="https://www.bjanda.com/blog/audience-measurement-enter-the-advertiser-part-2-who-pays/">a levy is the best bet;</a> indeed that is apparently still under consideration.</p>



<p>It was interesting that Duffy listed current ‘funding partners’ of Origin.</p>



<p>26 advertisers; 5 agency holding groups (why no Havas?); one indie agency (The Kite Factory – not the usual suspects); 8 platforms / media owners (Facebook, Google, Amazon but no broadcasters).</p>



<p>How come?</p>



<p>When I started, in the full-service agency era the most important person in any of our lives was the client.</p>



<p>It was clients who paid our wages; agencies rose and fell on the back of work they did for their clients.</p>



<p>And what did clients buy? Creativity.</p>



<p>The best bought great work; but defining ‘creativity’ was always hard and many clients struggled with a definition of ‘good’ let alone ‘great’.</p>



<p>Media on the other hand was binary. Cheap was good,, cheaper was better. And defining ‘cheap’ needed a currency measure.</p>



<p>Along came media agencies, in the UK in the early 1970’s. They flourished because they focussed on buying better. They cut advertisers’ costs two ways – lower commissions and lower media prices.</p>



<p>Over time they worked out, as media supply increased at a far faster rate than demand that they could make money from vendors.</p>



<p>Clients weren’t engaged, the agencies made hay. The relationship between agency and vendor was what mattered. Clients were side-lined – more to the point they let themselves be side-lined.</p>



<p>Then along came Jon Mandel, transparency and all that stuff.</p>



<p>Suddenly clients were paying attention, in spades. The agency gravy train hit the buffers, and here we are.</p>



<p>This is I know massively simplistic, but there is one important piece in the middle of it all. Agency and vendor was the relationship that mattered. Clients came and went, changing agencies on the back of trading promises made and rarely kept.</p>



<p>Agencies had come to realise they couldn’t make decent money from clients, so they looked elsewhere to allow them to live in the manner to which they had become accustomed.</p>



<p>With hindsight they could have changed focus from buying to planning; from volume to high-end consulting, but it’s hard for a management leopard to change its spots. Agencies were largely managed by traders; so trading is what they did. If one trading avenue closed, another would open soon enough.</p>



<p>But recently clients have been moving centre-stage. Origin is a worthy attempt to deliver something all planners need as a first step in a process that will ultimately help them assess the value of their multi-channel communications.</p>



<p>Agencies have been left not as initiators, or drivers but as contributors.</p>



<p>Broadcasters still seem to be living in a world of cost-driven deals, where the cake was for ever growing and their only worry was their share.</p>



<p>It is so obvious that the game has changed. Broadcasters are now up against Facebook, Google and the rest, companies multiple times their size. Money has for ages been flowing the way of the platforms and away from the broadcasters.</p>



<p>They can continue fighting over an ever-smaller cake and become irrelevant to the guys who ultimately pay them – the advertisers.</p>



<p>Or they can change the game. After all, if you can’t win at volume of audience you can either moan on about audience definitions (and still lose) or focus on what you can deliver – an attentive audience (comparatively) seeing the message on a large screen (comparatively) surrounded by trusted editorial content (comparatively).</p>



<p>Broadcasters should realise advertisers are doing what they, and furthermore the industry as a whole needs to do. That happens to include an ambitious research programme based around planning needs, not buying numbers.</p>



<p>The buying numbers bit is well catered for by the JICs. That’s the bit where the broadcasters have historically felt most comfortable, but the game has moved on.</p>



<p>Calling foul on the technicality of definitions – which is what it is, albeit a very large and important technicality will lose the broadcasters advertiser supporters, influence and money.</p>



<p>Anyone will tell you; if you’re losing then better to change the game than complain about the rules.</p>



<p>And if you’re being beaten up, better to get onside.</p>



<p>Broadcasters should join Origin. Sharpish</p>
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		<title>On The BBC</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 27 Jan 2022 09:01:27 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1550</guid>

					<description><![CDATA[The Cog Blog does not do politics. I also try to avoid parochialism – specific issues we may be facing here in the UK are often of little relevance to other parts of the world. That said, today’s post will come close to breaking those two principles, as it’s about the BBC. For the benefit [&#8230;]]]></description>
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<p>The Cog Blog does not do politics. I also try to avoid parochialism – specific issues we may be facing here in the UK are often of little relevance to other parts of the world.</p>



<p>That said, today’s post will come close to breaking those two principles, as it’s about the BBC.</p>



<span id="more-1550"></span>



<p>For the benefit of non-UK readers, the BBC is funded by a licence fee. If you have a TV that you use to watch any live TV, or indeed any downloaded or streamed BBC programmes via its iPlayer service you have to buy a licence, currently £159 a year.</p>



<p>For that the BBC delivers a range of TV channels, radio stations and many and various other specific services. There’s an overview of what is delivered <a href="https://www.bbc.com/aboutthebbc/whatwedo/publicservices">here.</a></p>



<p>The licence fee has been controversial for a long time. Some see it as an unfair universal tax, others argue it should only be paid by those using the BBC’s services, with those using it more paying more (despite the fact that such a move would most likely shift the burden on to those who can least afford it).</p>



<p>&nbsp;Others see it as an outdated funding mechanism in an age of subscription services.</p>



<p>The licence fee has been a political issue for decades.</p>



<p>In 1985 then Prime Minister Margaret Thatcher set up <a href="https://en.wikipedia.org/wiki/Peacock_Committee">the Peacock Committee</a>, chaired by Professor Alan Peacock. It was largely thought at the time that Thatcher hoped and expected that this would conclude that the licence fee should be scrapped.</p>



<p>Unfortunately for the Government, Peacock advised that the licence fee should remain, although he did suggest that Radios 1 and 2 (the most popular and thus potentially commercial of the Corporation’s radio stations) should be privatised.</p>



<p>Around the time of the Peacock Enquiry (in 1985) the BBC <a href="https://www.youtube.com/watch?v=UsdtyuSmoXs">ran a famous ad</a>, featuring John Cleese. It’s recently resurfaced online as the issue of the licence fee is once again being politicised.</p>



<p>The BBC does deliver an extraordinary range of content as <a href="https://www.youtube.com/watch?v=WJpQJWpVJds">this film</a> promoting its musical output aims to demonstrate.</p>



<p>Research indicates that most people in this country are proud of the BBC; it’s known and admired around the world, where the World Service is valued, and (outside of the UK) carries ads.</p>



<p>It is often said that politicians see television as something for appearing on as opposed to something to watch. Certainly, the ignorance many of them display over our broadcasting infrastructure is shocking.</p>



<p>For example, our Secretary of State for Culture under recent Parliamentary questioning seemed not to know how Channel 4 is funded. She’s also threatened the BBC – holding the level or even the continuation of the licence fee hostage against any perceived criticism of the Government.</p>



<p>It’s worth considering:</p>



<ul><li>Around 90% of the UK population view or listen to BBC output every week.</li><li>Whilst the BBC is criticised on social media for being ‘too left wing’ / ‘too right wing’ (seems they’ve managed to upset both sides thus achieving a modicum of balance) the majority of the population like and admire it.</li><li>Most (recent) criticism of the BBC is around its news division. There’s very little criticism of its drama, its documentaries, its nature programmes, its light entertainment or even its sport coverage.</li><li>The level of the licence fee compares favourably with a Netflix subscription – and the output delivered is far more diverse.</li><li>The notion of a subscription, maybe across some selected output is worth assessment – although as far as I can make out nobody anywhere runs a multi-channel diverse radio service on subscription.</li><li>The BBC has an impressive and skilled audience measurement unit. It appears that politicians and critics are either unaware of this (a well-known BBC broadcaster said on national radio last week that ‘nobody knows who consumes the BBC’) or just ignore it.</li></ul>



<p>I am an unapologetic fan of the very idea of the BBC, but of course times change when it comes to how it’s run and funded.</p>



<p>This is not a matter for political game-playing but for a national discussion and debate using both consumer data and expert opinion from all sides.</p>



<p>As a cynical old git of an adman I am reminded of the 1980’s arguments around the agency commission system.</p>



<p>The point was made that the commission system was a hopeless model until you considered the alternatives.</p>



<p>For example, charging a client a fee based on hours would mean that an agency coming up with what turned into a massive long-running campaign would be paid peanuts for the original idea.</p>



<p>Whereas under the commission system they would be paid whenever the idea was used.</p>



<p>The licence fee is no doubt flawed and should be rigorously examined along with other options. The impact such options might have on the wider broadcasting landscape needs to be considered.</p>



<p>Way back in the dark ages the IPA’s Media Policy Group set up a sub-committee to explore whether or not the agency business should be arguing for ads on the BBC (I was on that committee).</p>



<p>We decided against, not least because we felt that given the audience (size and nature) delivered by the BBC, advertisers would flock to it, causing irreparable harm to other commercially funded broadcasters which we felt would not be in advertisers’ interests.</p>



<p>The UK system, BBC et al is balanced. The balance may have become tilted one way or the other but we should think very carefully about abandoning it altogether.</p>



<p>Baby and bathwater, people, baby and bathwater.</p>
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		<title>Networks Not Notworks</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Jan 2022 12:14:30 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1547</guid>

					<description><![CDATA[Last week in my ‘Hopes for 2022’ post I mentioned that it would be fascinating to see how the newer network players, like Stagwell or You and Mr Jones (now recast as BrandTech) handle the challenges posed by a big international client using them across multiple geographies. I’m regularly accused here of being anti-network. Which [&#8230;]]]></description>
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<p>Last week in my <a href="https://www.bjanda.com/blog/hopes-not-predictions/">‘Hopes for 2022’ post</a> I mentioned that it would be fascinating to see how the newer network players, like Stagwell or You and Mr Jones (now recast as BrandTech) handle the challenges posed by a big international client using them across multiple geographies.</p>



<span id="more-1547"></span>



<p>I’m regularly accused here of being anti-network. Which is ironic as from the early 1990’s through to when I left corporate life in 2006 I held international or global positions. For example, I was one of Crispin Davis’ team at Aegis working on turning a group of disparate but highly successful local media agencies into the Carat network and extending what was a European operation into the US and APAC.</p>



<p>The international side of agency life is challenging. Large clients hire you because you’re a network – they assume you work the same way, to the same high standards, using the same tools and techniques across the world. After all, that’s what they tend to do with their brands.</p>



<p>They expect you to share experiences, and lessons learned. To bring the experience working on the client in one market to working on the same client elsewhere. To hit the ground running on any new assignment. To help the client enter new markets. And so on.</p>



<p>They also want to be assured that a small piece of business locally benefits from the economy of scale that comes with being part of something far larger, and more significant to the agency globally.</p>



<p>All this is easier said than done; easier on a spreadsheet than on the ground.</p>



<p>Agencies are local businesses, they’re expected to deliver their numbers locally, they deliver solutions locally to their local clients. Asking a local office to resign an important client to help the network win something smaller in the specific market, even if bigger and more significant globally is never easy.</p>



<p>Strategies may be global, executions are local. Lessons can be learned globally and distilled into guidelines and norms but still the implementational planning and buying is going to vary, place to place.</p>



<p>To deliver a central service, agencies need central revenues. There are multiple ways of solving this, with a central fee from the client obviously the ideal. Unfortunately many clients think otherwise, after all their revenues are by and large generated locally too.</p>



<p>‘You’re making money out of us in however many markets, so sort it out amongst yourselves’ runs the argument.</p>



<p>I’ve been through every internal and external manoeuvre known to man, from cross-charging to taxing, from moving people around to setting up consultancy arrangements that deliver a chargeable benefit. I do know how it works, and it’s not an easy dilemma to solve.</p>



<p>But times have changed, data knows no boundaries, online advertising can be managed from the centre.</p>



<p>Yet the same old problems seem to bug the same old networks. Some international HQs are still too internally focussed, spending too little time on addressing how best to serve their clients internationally.</p>



<p>Many are stuck in the old ways, with data and systems bolted on to an old operating model, based, unsurprisingly on how local offices have operated for years.</p>



<p>It should be easier for the newbies to set up one, transparent P&amp;L per client; to pull together the information needed to make the central international case to client management, to deliver visible benefits internationally from the start.</p>



<p>The established networks fall prey to the old joke about a tourist stopping to ask a farmer the way to Dublin. ‘Well’ says the farmer ‘If I was you I wouldn’t start from here.’</p>



<p>The old networks, who were let’s remember themselves once the new kids on the block started off as local operations and were acquired by someone who then made a merit out of becoming international.</p>



<p>The newer guys’ journeys to international network status varies of course but they do have the benefit of learning from others’ mistakes.</p>



<p>With data and systems at their heart from the start the newbies will do things differently. They’ll change the game.</p>



<p>Should be interesting.</p>
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		<title>Hopes Not Predictions</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 12 Jan 2022 09:21:58 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1544</guid>

					<description><![CDATA[Another year, another blog; welcome to 2022; the Cog Blog’s ninth year of (almost) weekly witterings. The fashionable thing to do would be to fill this post with forecasts of the year to come. I don’t do this for two reasons. First, things are so topsy-turvy who knows, secondly it’s easy to check back 12 [&#8230;]]]></description>
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<p>Another year, another blog; welcome to 2022; the Cog Blog’s ninth year of (almost) weekly witterings.</p>



<p>The fashionable thing to do would be to fill this post with forecasts of the year to come. I don’t do this for two reasons. First, things are so topsy-turvy who knows, secondly it’s easy to check back 12 months later to my embarrassment and everyone else’s general merriment.</p>



<span id="more-1544"></span>



<p>More of us should check back on the accuracy of the predictions that those braver (or more foolhardy) than me choose to make.</p>



<p>So – no predictions. But like everyone I have hopes, ambitions for the industry. Things that I would like to see happen.</p>



<p>Here are some hopes for 2022 – future posts will build on these.</p>



<p><strong>Hope 1: We get back to simplicity, to being creative.</strong></p>



<p>We enter 2022 at a pretty low ebb. Advertising is generally not liked by those to whom it is supposed to appeal. The main reason for this – to my untutored creative eye &#8211; is that most of it, especially the online stuff is shit. Not clever, not creative, not appealing.</p>



<p>In the search for excessively narrow targeting, reach, frequency caps, clicks, likes and other largely irrelevant concepts we’ve forgotten what ‘creativity’ looks like.</p>



<p>We’ve forgotten the appeal of simplicity; we overcomplicate. We seem to think our value lies in speaking in a language understood by the very few.</p>



<p><strong>Hope 2: Less prattle, more precision.</strong></p>



<p>Next up, we’ve forgotten to ask what things mean. Take ‘frequency caps’, the notion that consumers can indeed get tired of seeing the same thing over and over.</p>



<p>But what do we mean by ‘seen’? Or indeed ‘get tired of’? Or (come to that) ‘consumers’?</p>



<p>My time with Millward Brown taught me that ads wear-out amongst brand teams far faster than amongst consumers; true wear-out (in old-fashioned media) is rare as the budget necessary to achieve such an outcome would be beyond most brands.</p>



<p>Mind you, it may very well be that having your online experience disrupted by yet another ad for the very thing you bought last week may make wear-out a thing. We’ll know when some ‘digital expert’ thinks of a new term for it.</p>



<p><strong>Hope 3: Less self-interest, more collaboration to deliver business goals.</strong></p>



<p>Next, the concept of NIMS. NIMS is a relation of NIMBY; it stands for Not In My Specialism.</p>



<p>A state of NIMS is achieved when everyone talks about collaborating, but on condition that their particular specialism drives the collaboration.</p>



<p>Take online evangelists, many of whom preach the benefits of working with creative people, but only as long as their obsession with clicks and likes remains sacrosanct.</p>



<p>Media agencies are guilty too: they’re all for that 90-second video spectacular as long as there are 5-second cut-downs to ensure the targets measured by the auditor are hit.</p>



<p>We should focus more on business results. Media numbers are a means to an end, not an end in themselves.</p>



<p><strong>Hope 4: If you’ve got something to say, say it.</strong></p>



<p>I saw an article recently quoting agency leaders ‘talking anonymously’ about Facebook and Google.</p>



<p>Why? Are we all now so worried about what we might call the Baxter effect (after IPG’s <a href="https://www.bjanda.com/blog/welcome-back-to-the-past/">Mat Baxter who was censored by his CEO</a> for daring to say something critical about Facebook) that we just accept any old rubbish as long as it comes from someone powerful enough?</p>



<p>And whilst I’m at it, online pseudonyms are tedious. The usual excuse – ‘I couldn’t say what I say if I revealed who I am’ doesn’t cut it. If you’re that important then what you have to say carries weight, so all the more reason to say it out loud, as something may change as a result. If on the other hand you don’t truly believe in whatever it is you’re saying then why bother saying it?</p>



<p><strong>Hope 5: Let’s focus on what truly matters, even if it doesn’t involve a trip to Cannes or Las Vegas.</strong></p>



<p>Next – my pet topic: audience measurement. Frankly if you think that debating how we go about measuring audiences is not worthy of your attention as it’s neither sexy nor shiny you’re wrong.</p>



<p>Most things start with understanding an audience. If we don’t get that bit right by insisting on the highest standards, and commonly agreed definitions and techniques then we may as well not bother with the rest.</p>



<p><strong>Hope 6: More truly international advertisers committing to doing it differently.</strong></p>



<p>Independent, and independent-thinking media agencies will continue to flourish.</p>



<p>It will be fascinating to see what happens when (not if) the likes of Stagwell (the new owners of Goodstuff) or You and Mr Jones win something high profile across markets.</p>



<p>We need new blood, new approaches, new ways of working, not more platitudes from the same old voices.</p>



<p><strong>Hope 7: Tactics aren’t the same as a strategy.</strong></p>



<p>A single placement or stunt may be wonderful, but it isn’t a strategy. Some commentators on all things advertising seem not to appreciate the difference. Words matter. Getting it wrong diminishes us all.</p>



<p><strong>Hope 8: That you’ll stick with The Cog Blog throughout the coming year.</strong></p>



<p>Well, 7 out of 8 ain’t bad.</p>
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		<title>The Elephant That Was</title>
		<link>https://www.bjanda.com/blog/the-elephant-that-was/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 17 Dec 2021 16:41:14 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1541</guid>

					<description><![CDATA[Once upon a time there was a place called Togetherland. It was a happy place where people lived in harmony, helping each other and working together. The farmer would only grow what the land could support; the builder used materials best suited to the climate; the shops sold what people needed. Everyone lived well, doing [&#8230;]]]></description>
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<p>Once upon a time there was a place called Togetherland. It was a happy place where people lived in harmony, helping each other and working together. The farmer would only grow what the land could support; the builder used materials best suited to the climate; the shops sold what people needed.</p>



<p>Everyone lived well, doing what they were best at doing.</p>



<p>The King of Togetherland, Louis the Collaborator, known to one and all as LoCal (and that had nothing to do with his obvious need to lose weight) lived well. He was also a great deal smarter than he was given credit for.</p>



<p>The only cloud on LoCal’s horizon was a most disagreeable neighbour.</p>



<p>This neighbour, The Prince of all the Specialties was a self-confessed moderniser, a force to be reckoned with. He knew he had to find a way to extend the territory under his control, to create new work for his countrymen, and more profit for himself and his growing band of friends and acquaintances.</p>



<p>He had always coveted Togetherland – it was on his doorstep, and would he was sure offer no resistance to a friendly sharing of points-of-view, or, as he put it (but only to his friends and supporters) ‘a take-over’.</p>



<p>One day, the circus came to town. The Prince loved a good circus, and here was the perfect excuse to visit (‘invade’, as he put it). So he got in touch with LoCal and invited himself and a ‘few friends’ over to the circus.</p>



<p>LoCal had been expecting this. Indeed he had hatched a plan.</p>



<p>When the Prince and his ‘friends’ arrived LoCal couldn’t help but notice a couple of things. First, the ‘friends’ appeared to be wearing armour and were armed. Second, there were rather a lot of them.</p>



<p>He noticed these things, but he was in no way surprised.</p>



<p>He greeted his neighbour and invited him to join him behind the scenes at the circus. This was a rather small area, and so many of the ‘friends’ had to wait outside. Only four were allowed in to accompany the Prince.</p>



<p>‘Now’, said LoCal, let’s not beat about the bush. ‘You want to expand your territory; but the truth is we don’t want you here, and we certainly don’t want any unpleasantness. We would rather you looked elsewhere and left us in peace.’</p>



<p>‘We are prepared to do what we have to in order to drive you and your friends out of Togetherland but that may turn unpleasant for both of us. You may indeed beat us in battle, or you may not but whatever happens the outcome would be the same: you would not be welcome here’.</p>



<p>‘And no-one likes not being welcome’.</p>



<p>‘So’, he went on ‘I have arranged a test of skill. Pass it, and we’ll stand aside. Fail it, and you’ll take your ‘friends’ and go elsewhere.’</p>



<p>The Prince was not just a moderniser, a man who knew everything about everything, he was also a big-head. He would never lose a test of skill to such an old has-been as LoCal.</p>



<p>‘Alright’, he said. ‘Bring it on. ‘We don’t want any unpleasantness; my ‘friends’ are more skilful than you can imagine. What do they have to do?’</p>



<p>LoCal went up to the four ‘friends’. ‘First, you must be blindfolded. Then you must come with me’.</p>



<p>He led the four men behind the circus tent, where stood an elephant.</p>



<p>The first man was brought forward, and led to the elephant’s tail. ‘What’s this?’ said LoCal.</p>



<p>The man felt the tail. ‘That’s a rope’ he said confidently.</p>



<p>The next man came forward. ‘What’s this’ he was asked when he was next to the elephant’s leg. ‘That’s a tree’.</p>



<p>The third man was led to the elephant’s flank. ‘That’s a wall, and a fine wall at that’ he said.</p>



<p>Finally the fourth man was brought to the elephant’s tusks. ‘Those are spears’ he said.</p>



<p>Then the four men were led back to their Prince.</p>



<p>LoCal spoke: ‘You’ve all reported on what you’ve just witnessed – a rope, a tree, a wall and two spears’. ‘If you’re right, I’ll step aside and this kingdom is yours. If you’re wrong you’ll leave. Agreed?’</p>



<p>‘Agreed’ said the Prince.</p>



<p>The Prince and the four men were taken behind the tent, where stood the elephant.</p>



<p>The Prince may have been dumbfounded, but he was also a man of his word. ‘Well played, LoCal’ he said. ‘You’ve outwitted us, and we will indeed leave you in peace. Just as soon as we’ve seen the circus.’</p>



<p>And the moral of the story – look around you, being blind to all but what’s in front of you means you’ll miss the big picture. And without the big picture you won’t achieve your ambitions.</p>



<p>May you and yours all have a happy and healthy Christmas!</p>



<p>The Cog Blog will return mid-January.</p>
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		<title>Involve and Engage</title>
		<link>https://www.bjanda.com/blog/involve-and-engage/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 Dec 2021 12:32:59 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1538</guid>

					<description><![CDATA[At a time when the whole subject of attention to ads, and indeed editorial content is front and centre, it’s worth considering the related topics of involvement and engagement, and in particular how to take account of our own behaviours and experiences. Many years ago an agency friend of mine (the legendary Daz Valladares, for [&#8230;]]]></description>
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<p>At a time when the whole subject of attention to ads, and indeed editorial content is front and centre, it’s worth considering the related topics of involvement and engagement, and in particular how to take account of our own behaviours and experiences.</p>



<span id="more-1538"></span>



<p>Many years ago an agency friend of mine (the legendary Daz Valladares, for those with long memories) told me a story about an experience he’d had on the London underground.</p>



<p>Daz had placed an ad in a particular newspaper (just reading that back I realise that the words ‘placed’, ‘newspaper’ and quite probably ‘ad’ must appear like a foreign language to some. Let alone the word ‘Daz’).</p>



<p>By all accounts this placement had been fraught with problems; Daz was particularly proud of the eventual outcome.</p>



<p>There was a guy sat opposite Daz on the tube, reading that particular newspaper.</p>



<p>Daz watched him as he came to the page with ‘his’ ad on it – and turned the page without even giving it a glance.</p>



<p>The way Daz told the story he was so upset he came close to going over to the guy, yelling at him that he had no idea of the time and trouble he’d gone to in order to place that ad in that particular spot and making him turn the page back.</p>



<p>Daz felt invested in the ad. He had gone to great lengths to make sure it appeared in just the right place for the audience he wanted to reach to see it, to engage with it. And here was a real-life member of his target audience ignoring it.</p>



<p>We all know, of course that this happens all the time. We ‘know’ it, but so often we don’t know it in the sense of taking account of it in how we advise our clients, and how we plan and buy.</p>



<p>Today more than ever that’s a matter for algorithms, for unexplained and unexplainable systems.</p>



<p>It’s not a matter that stirs the emotions of those involved.</p>



<p>We aren’t sufficiently engaged in the process; the truth is we don’t really care as long as the numbers say that we hit some meaningless impressions or click-through number. That the auditor likes it.</p>



<p>I’m not so naïve as to fail to understand that it’s all so much more complicated these days, but to me that isn’t any excuse for not caring, not thinking through how people in real-life behave.</p>



<p>We could all do a lot worse than look around us, as Daz did. Look at our own behaviours, at what those close to us do.</p>



<p>That is quite different from saying all media decisions should be based on what we as individuals do, but it is to suggest that we should add some air and some light, some real-life experiences to leaven the stodge that is the numbers.</p>



<p>Take the mirage of data-driven personalised messaging.</p>



<p>I’m just in the process of changing cars. Not a bleat from the manufacturer I’ve been loyal to for most of the last 30 years (I don’t count auto-generated messages telling me my finance arrangement is about to end), nor the dealer.</p>



<p>I’ve just called to change my motor and my home insurances. No attempt to persuade me to stay from the company I’ve been with for the last 10 years, aside from noting my decision.</p>



<p>I get mail from local estate agencies offering me the opportunity to sell my house. All have one thing in common – they address me as ‘Dear Sir or Madam’. Actually, that’s not true. Some use ‘Dear Householder’.</p>



<p>I have just bought a pair of shoes (to those who know me that must come as a shock). I am most certainly not going to buy another pair of the same shoes – despite the constant recontact messages that destroy my online reading experience.</p>



<p>We all know these things are true; we all have these experiences.</p>



<p>So why do we continue selling the wonderfulness of online messaging without considering that really, in real life things don’t always work as well as all that conference-fodder would have us believe.</p>



<p>Never forget that what we do is really a sophisticated form of guessing. All the research, all the data certainly improves the odds, but it’s still guessing.</p>



<p>We should all lift our heads from the computer, from the spreadsheets, from the jargon-infested nonsense that infects both social-media and real-life platforms.</p>



<p>We should look around, breathe, observe.</p>



<p>Involve, engage.</p>
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		<title>Telling You What I Want</title>
		<link>https://www.bjanda.com/blog/telling-you-what-i-want/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 06 Dec 2021 12:13:02 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1536</guid>

					<description><![CDATA[A snide throwaway line has turned into a truism that these days demands attention. ‘Agencies always know what they want from media measurement … until someone asks them’ is the line and certainly there’s some truth in the idea that we are all very good at moaning on about this shortcoming or that failure but [&#8230;]]]></description>
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<p>A snide throwaway line has turned into a truism that these days demands attention. ‘Agencies always know what they want from media measurement … until someone asks them’ is the line and certainly there’s some truth in the idea that we are all very good at moaning on about this shortcoming or that failure but are rather less good at proposing pragmatic solutions.</p>



<span id="more-1536"></span>



<p>This thought occurred to me when I read my old friend Bob Wootton’s piece <a href="https://mediatel.co.uk/news/2021/11/30/back-in-the-room-discussing-the-hot-topics-of-the-day/">on Mediatel</a> last week.</p>



<p>Bob was kind enough to reference me and the campaign for a levy to fund true cross-media measurement that has featured several times in past Cog Blogs, most recently <a href="https://www.bjanda.com/blog/advertisers-and-a-levy/">earlier this month, here</a>.</p>



<p>He also made the point that recent asi events, which are all about audience measurement in video and audio have moved on from being a talking shop to something more mainstream.</p>



<p>As Bob put it: “(The asi events have) become much more than a talking shop for media researchers who don’t normally venture out quite as much.”</p>



<p>Media researchers do of course venture out a fair bit – maybe a fairer accusation would be that when they do so they don’t tend to mix with the ‘right’ people, preferring their own kind.</p>



<p>Mind you that’s true of many tribes within the business – anyone else remember the days when TV buyers gathered in one pub, planners in another (or more likely in a wine bar)?</p>



<p>It’s also true to say (as Richard Marks does in his comment below Bob’s piece) that asi can hardly be accused of not making an effort to attract advertisers and indeed their agencies – the fact is this tribe thing runs deep and flows both ways (if bodies of water can be deep and flow both ways).</p>



<p>What’s needed is for a greater degree of consultation and indeed collaboration. Audience researchers are intense, thoughtful people (by and large, stop giggling at the back). They are interested in doing things properly; they’re less concerned with short-term headlines and more concerned with longer-term viability.</p>



<p>None of these are bad traits, in fact just the opposite. Someone has to ensure that things are done to the highest of standards after all.</p>



<p>But at the same time, life moves on. Inventing a cure for something that is no longer a threat isn’t as helpful as coming up with a fix that works.</p>



<p>Or – being 90% right beats being 100% late.</p>



<p>Good luck to asi, and indeed to Mediatel whose Future of Media event started Bob off on his article, for providing the forums (fora?) for debate.</p>



<p>The thing about debate is that all parties need to take part – if one party (say the media researchers) assume primacy and aren’t challenged then the answer risks being unfit for purpose, however technically smart.</p>



<p>And if the agencies and their clients don’t consider this a subject worthy of serious debate then they can hardly complain if they don’t like the outcome.</p>



<p>More inclusion, less tribalism.</p>



<p>More ‘here’s a way through’, less ‘stop giving me the answer to the wrong question’.</p>
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		<title>Different Universes</title>
		<link>https://www.bjanda.com/blog/different-universes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 19 Nov 2021 12:45:42 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1533</guid>

					<description><![CDATA[I despair sometimes, I really do. Two unrelated topics this week seem to indicate that the ad industry exists in a separate parallel universe to the rest of humanity, and that our influence over what happens in real life is slim to nil. Let’s start with the doyenne of online data trends, Mary Meeker. It [&#8230;]]]></description>
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<p>I despair sometimes, I really do. Two unrelated topics this week seem to indicate that the ad industry exists in a separate parallel universe to the rest of humanity, and that our influence over what happens in real life is slim to nil.</p>



<span id="more-1533"></span>



<p>Let’s start with the doyenne of online data trends, Mary Meeker. It used to be fashionable to share her humungous annual presentation. This was the alpha and omega of decks, containing everything you ever wanted to know about life, the universe and everything – at least as far as online media forms were concerned.</p>



<p>I always had a problem with one of her charts – which for me coloured my view of the rest of her work. This is the chart contrasting the amount of time given up to a medium with the ad expenditure on that medium.</p>



<p>Meeker’s point was that the gap between these two sets of data represented the financial opportunity for that medium. So – TV took up a comparatively small amount of the average individual’s time, but a large percentage of total adspend. TV was thus over-invested.</p>



<p>Radio, and in particular mobile (Meeker’s favourite) took up a large percentage of time spent, but received a comparatively modest amount of ad revenue. They were thus under-invested – and therein lay the greatest opportunity.</p>



<p>Everybody who knows a scintilla about advertising can spot the problem here. The great and the good, from Sir Martin Sorrell to Tess Alps pointed out that impact and creative considerations maybe have a part to play.</p>



<p>Even the mighty Cog Blog had a go, <a href="https://www.bjanda.com/blog/effect-trumps-audiences/">suggesting back in 2016</a> that if time spent with a vehicle was the only consideration then we would long ago have had advertising on cutlery, or if we literally looked only at opportunities to see data OOH would easily be the largest advertising medium on the planet.</p>



<p>Meeker still peddles this nonsense though. She might conceivably ignore Sir Martin, she can be forgiven for not paying attention to some random blogger but if she doesn’t listen to the formidable Ms Alps she’s asking for trouble.</p>



<p>Next we have the merry-go-round at The Daily Mail. For those unaware, Geordie Greig, the Editor of the daily paper has this week been (using a journalistic term) ousted, following the promotion of Richard Caccappolo to be CEO of the company’s media businesses.</p>



<p>Why does this matter? Caccappolo is closely associated with the success of The MailOnline, and what a success that has been.</p>



<p>The MailOnline has it is fair to say prospered on the back of its obsession with celebrity. News, per se is not at the top of its agenda, and whatever you think of The Daily Mail’s politics no-one can accuse it of not being a NEWSpaper.</p>



<p>The ad world is though moving even if ever so slowly in the direction of quality of content, of audience attention, and on focussing on business outcomes over the blunt numbers delivered by the social media platforms and many online outlets.</p>



<p>We have moved on from gross impressions and from clicks as we pay attention to other data more closely aligned with advertiser success.</p>



<p>And yet what these two tales illustrate is that what we see as a trend is not recognised by those driving the media agenda.</p>



<p>You might argue that we are ahead of our time and that others will catch up. That would be optimistic.</p>



<p>More likely whilst we may well be right, few outside of our marketing bubble are listening.</p>



<p>And that’s rather more depressing.</p>
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		<title>Advertisers and a Levy</title>
		<link>https://www.bjanda.com/blog/advertisers-and-a-levy/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Nov 2021 14:10:32 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1530</guid>

					<description><![CDATA[There was no Cog Blog last week as I was attending some of the annual asi audience measurement spectacular and trying (to coin a phrase) to make sense of it all. For me, the most significant moment came not from research agencies, nor consultants, nor adtech suppliers but from advertisers. In particular, a remark from [&#8230;]]]></description>
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<p>There was no Cog Blog last week as I was attending some of the annual asi audience measurement spectacular and trying (to coin a phrase) to make sense of it all. For me, the most significant moment came not from research agencies, nor consultants, nor adtech suppliers but from advertisers.</p>



<span id="more-1530"></span>



<p>In particular, a remark from Phil Smith, Director General of ISBA, the UK advertiser trade body that there is growing support amongst his members for a levy to fund cross-media measurement.</p>



<p>The timing was appropriate as it was two years ago at the Prague asi meeting that I proposed a levy on adspend to fund this aspect of media measurement. I drew a comparison with the UK’s ASBOF levy that pays for our self-regulatory system and is now well embedded within the industry.</p>



<p>Phil was kind enough to acknowledge that this initiative started from the platform in Prague. <a href="https://www.bjanda.com/blog/audience-measurement-in-2020-a-blueprint/">Subsequent Cog Blog posts</a> have tried to advance the levy idea.</p>



<p>A levy of course isn’t as simple as all that. First, it’s voluntary and so the benefits it delivers need to be recognised and sold.</p>



<p>Second it needs a cap to stop the largest advertisers paying disproportionately large amounts in the event that a proportion of smaller advertisers choose to pay nothing.</p>



<p>Third it would be wrong to see this as some way of replacing the established funding models used successfully for many years within the JIC mechanism.</p>



<p>This last point needs to be made very clear.</p>



<p>The JIC system has served the industry well for many decades. It is though about intra-media measurement, which spot to buy, how many OOH sites are needed, which radio networks are attracting what audience.</p>



<p>The JICs are about a currency – they’re a basis for trading. Their use in planning is tactical (which mix of stations etc).</p>



<p>They are ill-suited and always have been for strategic planning. They are nothing to do with inter-media comparisons.</p>



<p>Comparisons between media forms are not what the JICs are there for – for one simple reason: the JICs are primarily funded by the vendors, and anything that threatens their ad revenues is naturally of no interest.</p>



<p>The problem is that any initiative seen, even mistakenly as a threat to the JICs is threatened by the inevitable howls of protest.</p>



<p>We seem incapable of encouraging any new approach without assuming that the new must by default be there to trash the established.</p>



<p>True cross-media measurement helps optimise planning. The very concept aims to address a question the JICs were never designed to answer.</p>



<p>Talk of cross-media measures lead inevitably to the IPA’s Touchpoints. A fine idea, albeit a snapshot, that seems always to struggle for funding. Agencies traditionally hate paying anything for audience measurement and so after the initial enthusiasm burned off the burden has fallen – again – on the vendors.</p>



<p>But any new structure shouldn’t discard Touchpoints, or indeed TGI rather it should seek to weave what’s out there into a new and improved measurement framework. The new doesn’t have to trash the old.</p>



<p>It’s advertisers who benefit from the better plans that emerge from being able to explore the impact of cross-media campaigns, to quantify the role that PR, or experiential, or in-store plays alongside advertising. And as the main beneficiary, advertisers should pay, as the WFA, ISBA and the ANA acknowledge.</p>



<p>ISBA’s Project Origin is a start – it’s not (yet) about true cross-media. In truth it’s tackling cross-platform video.</p>



<p>But let’s remember the answer to the old question, how do you eat an elephant? One small bite at a time.</p>



<p>A cross-media service meets a long-time need. It makes sense to look for a way of spreading the funding load. Hence the levy.</p>



<p>The great thing about a levy is that it soon becomes part of life.</p>



<p>The UK’s ASBOF levy dates back to 1975. Not everyone pays it, but the massive benefits of self-regulation are never challenged by the industry (maybe by politicians, but not by the industry).</p>



<p>Levies become a part of the landscape. Plans account for them, invoices include them and pretty soon most accept them.</p>



<p>Once there, they can be used to underpin future work, to drive new and exciting developmental research into improving how we plan communication.</p>



<p>They move us forward, step by step along a new path funded by those who stand to benefit.</p>



<p>Specialists often do what they do because it’s what they’ve always done. Advertisers’ involvement is a positive, a levy system is not a threat to the old comfortable order of doing things, but a huge opportunity.</p>



<p>Sweating the small stuff as the caravan moves on is not the way.</p>
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		<title>Planning &#8211; The Moral Dimension</title>
		<link>https://www.bjanda.com/blog/planning-the-moral-dimension/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Oct 2021 13:19:11 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1527</guid>

					<description><![CDATA[Mediatel Newsline has been carrying some excellent editorial pieces recently around the topic of media strategy. The latest, from Nick Manning is here; all credit to Mediatel for giving over the space to this debate. It is quite a contrast to the old ‘Agency X in trading dispute with Broadcaster Y’ that passed as the [&#8230;]]]></description>
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<p>Mediatel Newsline has been carrying some excellent editorial pieces recently around the topic of media strategy. The latest, from Nick Manning <a href="https://mediatel.co.uk/news/2021/10/26/the-strategy-crisis-in-media-agencies-the-way-forward/">is here</a>; all credit to Mediatel for giving over the space to this debate. It is quite a contrast to the old ‘Agency X in trading dispute with Broadcaster Y’ that passed as the hot debating topic of the day within the media world and which featured so regularly in ‘Campaign’.</p>



<span id="more-1527"></span>



<p>The strategic planning issues faced by agencies these days are complex and go far beyond arguments over maximising reach, frequency caps, wear-in, wear-out and the rest. There is a moral dimension too.</p>



<p>There’s also the matter of objectivity and trust. The dilemma is – where to draw the line between advertisers interfering in editorial freedoms, and supporting a channel that seems to consider itself apart from common laws of decency.</p>



<p>Imagine this.</p>



<p>An online platform that measures its own audiences. That avoids external examination and validation. That makes errors in calculations, some of which it corrects, some of which it doesn’t. After all, if nobody notices or challenges the data, who cares? Truth and objectivity?</p>



<p>A channel some of whose staff are so concerned about what they see as their management’s priorities that they would rather jump ship, giving up a no doubt well-paid position to blow the whistle.</p>



<p>A channel that self-regulates, that ignores restrictions on such as political advertising that apply to other media forms.</p>



<p>An organisation that uses the data provided by its users to trap the gullible in a web of dis-information, and then hides behind complex terms and conditions that no-one reads, and details of the privacy options available that are so full of jargon that few bother with them.</p>



<p>A platform, not, please note, a publisher, that avoids taking responsibility for the content that it publishes.</p>



<p>A channel funded by advertisers – many of whom are busy promoting the importance of corporate responsibility, of behaving with a sense of civil purpose, of supporting civil liberties, diversity, inclusion and so on.</p>



<p>Would these advertisers condone lying in their copy? Would they continue running material that offends or even harms some of their audience?</p>



<p>No of course they wouldn’t.</p>



<p>So why on earth do they continue to support these platforms?</p>



<p>We can go further. What if ads on these channels were shown not to attract attention? What if ads on them simply don’t work a lot of the time? What if the ads that do work on them are of a very specific type – reminder messages for example, or direct response?</p>



<p>Why do major brand builders continue to use them to ‘build their brands’?</p>



<p>Let’s recap. False audience data. Misuse of data. No responsibility for the content that appears. Ineffective for brand building.</p>



<p>If anyone reading this plans campaigns for a living they would surely not use these media.</p>



<p>And yet they do.</p>



<p>It really isn’t good enough to say: ‘that’s where you find the audience’. Who says so? Who validates that data? And is ‘audience’ just a one-dimensional number – a gross impression, in the vernacular.</p>



<p>Plus – it’s not the only place to find the audience. They use multiple media forms, as we all know.</p>



<p>Nor is it professional to say: ‘our client mandates it’. Maybe so, but many clients would also mandate smaller ads, larger logos and using the wife’s cousin in the ad. We argue against them because we know from experience, from years of looking at data, we know what works.</p>



<p>Except, in media we apparently don’t; or if we do we keep quiet about it and settle for an easy life doing what our clients want as opposed to what they need.</p>



<p>Media strategising is full of tough calls, but those that do it can be and should be the voice of reason on how the client’s money is spent. It’s up to them to raise effectiveness concerns, even moral concerns.</p>



<p>They won’t always be listened to, they certainly won’t always win the day but they owe it to themselves and to the business they’re in to try.</p>
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		<title>A Better House</title>
		<link>https://www.bjanda.com/blog/a-better-house/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 22 Oct 2021 13:24:50 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1525</guid>

					<description><![CDATA[A million years ago (last Tuesday) I got a job at the ad agency Davidson Pearce as a media research executive. I had had jobs before (as an ad agency messenger, a research assistant at Southern TV and as a market research junior at a client) but the media research role for me turned out [&#8230;]]]></description>
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<p>A million years ago (last Tuesday) I got a job at the ad agency Davidson Pearce as a media research executive. I had had jobs before (as an ad agency messenger, a research assistant at Southern TV and as a market research junior at a client) but the media research role for me turned out to be a bit of a breakthrough.</p>



<span id="more-1525"></span>



<p>It was all rather odd; I had failed Maths O-Level, hadn’t gone to university and yet somehow I found myself spending all day looking at numbers and having my opinions listened to on industry committees.</p>



<p>I decided to ‘specialise’ in radio audience measurement on the basis that the total number of people in the entire industry who knew anything about it was, shall we say ‘few’ – and none of them worked in ad agencies. Getting the gig to represent the agencies on what was then JICRAR, now RAJAR was a cinch.</p>



<p>I find myself reflecting on the whole topic of audience measurement ahead of the annual asi video and audio research event, taking place as usual the first week of November.</p>



<p>Today of course there are qualified experts everywhere, on everything. I am not sure enthusiastic amateurs like me would have made much of an impact today, as opposed to back when in the land of the blind the one-eyed man was king.</p>



<p>What attracted me to audience measurement in the first place was not so much the techniques, the formulas, the theories but more a sense of curiosity. I loved ads, and was curious to know how they worked, and why.</p>



<p>I believed that understanding a little about who had seen them might be helpful as a step along the way to understanding how they worked.</p>



<p>I still think that.</p>



<p>I know and understand that audience measurement has many uses – not least in editorial creation and in commissioning and scheduling. I once got into a scrape with BARB for using the data I had bought to advise an independent production company on negotiating their show’s place in the schedule, as part of the process of having the show commissioned by a broadcaster. I do get that.</p>



<p>But within the ad world we can become myopic on all sorts of topics – and audience measurement is one such.</p>



<p>As the industry starts to ‘gather’ (virtually of course) for the asi event I would encourage everyone to lift their eyes and raise their ambitions. Start by appreciating the bigger picture.</p>



<p>Researching audiences is an important role. After all, if your bricks are sub-standard your house will fall down – audience measurement is an important brick, and the fact that most people in this industry don’t spend their time looking at bricks doesn’t lessen their importance.</p>



<p>When you buy a house, you buy more than a collection of great bricks. You buy a structure, one that is fit for purpose and meets your needs. By doing so you’re not arguing to stop the brick-improvement programme. The fact you don’t know about brick R&amp;D doesn’t mean that such work is not essential; it’s just that better bricks make for better houses, and it’s better houses that people want, need and buy.</p>



<p>Our industry needs a better house.</p>



<p>We are poor at understanding how commercial communication works – maybe not as poor as we once were (at least we now talk of communication rather than ads) but we’re still pretty poor.</p>



<p>We are poor at building plans across all communication channels, at seeing how PR adds to advertising, how experiential can work alongside sponsorships.</p>



<p>We can’t even agree on the words we use, the definitions. We can’t sort-out how best to bring together the various strands within video measurement (although kudos to ISBA for at least starting to tackle that thorny topic).</p>



<p>In other words we’re still faffing about with the bricks.</p>



<p>We lack a vision, an architect. Unless we’re careful we’ll end up with a pile of great bricks.</p>



<p>We won’t even have a Tower of Babel.</p>
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		<title>Outputs and Outcomes</title>
		<link>https://www.bjanda.com/blog/outputs-and-outcomes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Oct 2021 11:07:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1522</guid>

					<description><![CDATA[Last week’s rant was all about not learning lessons, and referenced the mighty Bob Hoffman, the AdContrarian who made this very point in an interview as part of the Crater Lake and Mediatel ‘Making Sense Of It All’ series. One of the weird things about not learning from our past mistakes (and to be fair [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p>Last week’s rant was all about not learning lessons, and referenced the mighty Bob Hoffman, the AdContrarian who made this very point <a href="https://mediatel.co.uk/news/2021/09/29/making-sense-of-it-all-bob-hoffman-on-why-the-ad-industry-never-learns/">in an interview</a> as part of the Crater Lake and Mediatel ‘Making Sense Of It All’ series.</p>



<span id="more-1522"></span>



<p>One of the weird things about not learning from our past mistakes (and to be fair our successes) is that we are as an industry spending more than ever before on research and data. Presumably some part of this is designed to help us explain what worked exactly so that we can learn from our mistakes?</p>



<p>So what’s going on? Is it the wrong sort of research, in the same way that trains in the UK are frequently disrupted by the wrong kind of snow? Or do we all just collectively drop off around Powerpoint slide number 75 in the research company’s deck? The one headed up ‘What Can We Learn?’</p>



<p>There are many smart researchers, many good presentations, many finely crafted reports, even one or two quite good Powerpoint slides. This isn’t where the problem lies.</p>



<p>Where it lies is in organisational siloes.</p>



<p>Consider this scenario. A client’s Research Manager commissions a piece of research. The research is crafted, carried out, concluded.</p>



<p>The same client’s Data Manager commissions a market mix model from a specialist analytics business. The work is done, the models run, the results are impressive.</p>



<p>The client’s CFO and CEO remain largely unaware of this work, until it’s summarised at the quarterly Executive Committee meeting by the CMO. The figures are good, the lines shape upwards, lunch beckons, bigger decisions await, life goes on.</p>



<p>Asked about the implications of these two pieces of work the very next day, both the CEO and the CFO look bemused. Why are they being asked this? What’s it to do with the financial performance of the business, or shareholder value?</p>



<p>At the same time the client’s media and creative agencies are beavering away, doing what they do. Neither is fully aware of the research or the modelling; although both have heard that there is such work being planned somewhere, by someone.</p>



<p>They imagine that they’ll be told about it, sometime by someone. Far too often they’re wrong.</p>



<p>Furthermore, the research agency is unaware of the modelling work, and vice-versa.</p>



<p>The client’s Research Manager and the Data Manager are continuously arguing over budget, and the relative merits of both approaches.</p>



<p>Both, and the CMO have a nagging worry over the client’s Performance Marketing Team, which for some unfathomable reason reports into the CFO, not the CMO as it’s all about ‘real life, real-time numbers, not that namby-pamby soft and fluffy stuff you’re always talking about.’</p>



<p>This scenario may be unfair and exaggerated – but I bet more than the odd bit of it is recognisable to many.</p>



<p>Siloes have pushed us into the very opposite of joined up thinking. Of course, to revert to the fairy-tale above research should inform MMM; of course both should inform and drive creative work and media strategy and planning.</p>



<p>Most importantly both should be able to demonstrate the real impact that marketing has on a business’ financial performance and its delivery of shareholder value.</p>



<p>We’ve become obsessed with outputs over outcomes, with measuring and reporting on the number of impressions, followers, likes, clicks as opposed to understanding what drives sales and margins.</p>



<p>It’s with a desire to change this that four of us, a creative strategist, a media planner, a research company and a data analytics and modelling business formed <a href="https://www.craterlakeandcompany.com/">Crater Lake and Company.</a></p>



<p>If you agree that siloes are there to be broken down, that outputs are there as one step along the path to understanding outcomes, and that outcomes are there to be explained, if you truly want to try to ‘make sense of it all’ then we would be delighted to hear from you.</p>
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		<title>Learning Lessons</title>
		<link>https://www.bjanda.com/blog/learning-lessons/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 07 Oct 2021 15:25:56 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1519</guid>

					<description><![CDATA[Why is it that we are so bad at learning from the mistakes and successes of the past? It’s something that bugs me and, I suspect, anyone who’s been around for any length of time. I’m in good company as this failure to learn is a theme explored by Bob Hoffman, the AdContrarian in his [&#8230;]]]></description>
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<p>Why is it that we are so bad at learning from the mistakes and successes of the past? It’s something that bugs me and, I suspect, anyone who’s been around for any length of time.</p>



<span id="more-1519"></span>



<p>I’m in good company as this failure to learn is a theme explored by Bob Hoffman, the AdContrarian in his blogs and in <a href="https://mediatel.co.uk/news/2021/09/29/making-sense-of-it-all-bob-hoffman-on-why-the-ad-industry-never-learns/">his interview with me</a> as one of <a href="https://www.craterlakeandcompany.com/">the Crater Lake</a> and <a href="https://mediatel.co.uk/news">Mediatel</a> ‘Making Sense Of It All’ series.</p>



<p>Bob talks about our weird ability to keep repeating the same mistakes over and over; almost as if it’s a weakness to accept that anything that happened in the business longer ago than a week last Tuesday can possibly have any relevance at all, given the speed that things are changing.</p>



<p>This idea that good ideas somehow have a use-by date is hogwash. In the same way that in sport we are used to the mantra that form is temporary, class is permanent, the basic principles that drive our business are not fundamentally changed because some digital evangelist somewhere tweaks an algorithm or writes a new piece of code.</p>



<p>I think the problem runs deeper than a belief in the now over the then.</p>



<p>Bob talks of other industries, like travel, automotive and computing. There, learning and changing are a part of life – if they weren’t the end user would have something to say about it.</p>



<p>In advertising the end user, he who ultimately decides what appears is the client. Clients apply their own definition of learning and changing – and in far too many cases these definitions, like improving meaningless metrics like clicks or likes are superficial.</p>



<p>They are far too often not connected directly to that hard-to-define measure: ‘business success’; let alone to ‘creativity’.</p>



<p>A client can improve his performance metrics, and still destroy his brand’s image and reputation. Eventually a poor reaction amongst consumers will lead, as we all know to fewer sales and reduced margins, but that takes time and by then the client has any number of options when it comes to apportioning blame.</p>



<p>Many of us find creativity hard to recognise. Great marketers don’t, but there aren’t so many great marketers.</p>



<p>On the other hand, all of us recognise that a small number is, well, smaller than a big number.</p>



<p>So – which is easier? To go out on a limb and argue that the best way to sell chocolate is to feature a gorilla playing the drums; or to hang your hat on paying less per second, scaling back the creative ‘idea’ to a 2-second pack shot, ramping up the frequency to absurd levels, and buying more followers?</p>



<p>Agency leaders used to be great at standing up for their art (as that is what it is, in this instance). I worked for Leo Burnett whose London Chairman, the late great Richard Wheatly once resigned an account over an argument about the number of bubbles the client insisted on having in shot in a glass of a well-known hangover cure.</p>



<p>The best agencies understood instinctively what was good, fought for it, and often won as, after all if it was that easy to do great work then the client would have done it himself.</p>



<p>The skill in producing great advertising was recognised, and respected.</p>



<p>Today, we don’t fight often enough. Agencies give in rather than risk losing the business over a principle. Media agencies may know very well that online advertising doesn’t engage and doesn’t deliver brand effects yet they buy it anyway. It’s cheap, it reaches loads of people, what could be better?</p>



<p>Don’t confuse me with talk of definitions, or research. Beat the audit, give the client what he wants, not what he needs.</p>



<p>In short: ‘anything for a quiet life’.</p>



<p>We don’t learn. Learning is hard, the whole process can and usually does involve confrontation. If we don’t stand up for something, if we just say ‘Yes sir, no sir, three bags full sir’ then what we get is poor advertising appearing in the wrong places.</p>



<p>We console ourselves with increases in irrelevant metrics, and then express amazement when we end up with consumers not noticing the work, or, even worse tell us they find it boring, irritating and irrelevant.</p>



<p>Meantime we kid ourselves we’re being smart by talking to ourselves, ignoring the inconvenient truth that nobody is paying us any attention (‘but we won an award / we bought more likes / we have more followers’).</p>



<p>One of the strongest points in Bob’s interview is his contention that if you walked into the average agency today, and asked the average executive about Peter Field, Les Binet, Karen Nelson-Field – all people who are doing their damnest to explain what works and what doesn’t you’ll be met with ignorance and indifference.</p>



<p>We should celebrate learning. Hold general sessions for clients on great cases, on what they tell us. This used to happen in creative agencies as a way of opening up a conversation on what was great work, and why. Maybe it still does. I don’t know if it happens in media agencies; it should but I doubt it does.</p>



<p>If we don’t learn we’ll become an insignificant, low-paid, automated supplier looking back and wondering where it all went wrong.</p>



<p>And we’ll fully deserve our fate.</p>
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		<title>Money, Power and Influence in Measurement</title>
		<link>https://www.bjanda.com/blog/money-power-and-influence-in-measurement/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 02 Sep 2021 13:51:42 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1516</guid>

					<description><![CDATA[Today&#8217;s post finds inspiration in &#8216;The Sound of Music&#8217;, and Morecambe and Wise. ‘Let’s start at the very beginning, a very good place to start’, as Oscar Hammerstein and Richard Rodgers had it. In the very beginning, media space was in such short supply you took what you could get. But as restrictions eased, new [&#8230;]]]></description>
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<p><strong><em>Today&#8217;s post finds inspiration in &#8216;The Sound of Music&#8217;, and Morecambe and Wise</em></strong>.</p>



<p>‘Let’s start at the very beginning, a very good place to start’, as Oscar Hammerstein and Richard Rodgers had it.</p>



<p>In the very beginning, media space was in such short supply you took what you could get. But as restrictions eased, new media forms emerged and the media business grew, those responsible for spending advertising money needed some indication of who was doing the watching and the reading.</p>



<span id="more-1516"></span>



<p>Over time it became clear that these numbers had to be as accurate as possible, objective, unbiased and acceptable to all sides. ‘Trust me’ became less acceptable than ‘Look at this data’. Mind you, sometimes we seem to be back in the ‘trust me’ days.</p>



<p>Thus was born the Joint Industry Committee, or JIC system. In the UK this meant JICTAR for TV, JICNARS for print, JICRAR for radio. Other geographies (except the US) followed suit so that today we’re at a point where the JIC concept is well and truly accepted, some would say embedded within the business.</p>



<p>The principle remains a simple one. All sides, that’s the media vendors, the agencies and the advertisers all sit in a room and decide what research to do to measure audiences.</p>



<p>They write a brief and jointly commission a research agency to do the work.</p>



<p>The individual sides’ priorities are different. Media vendors want the biggest possible numbers, whatever the reality.</p>



<p>Agencies want something that gets them closer to defining and understanding the audience to an ad. They also want to pay as little as possible, and for the talking to end so they can get back to their day jobs.</p>



<p>Advertisers want much the same as the agencies with one proviso – historically they have been averse to paying anything. As the great Bernard Balderston of P&amp;G, the ISBA representative on every media committee there ever was used to put it, ‘We’re paying for everything anyway. It’s up to you to convince us to buy.’</p>



<p>And so it was that the cost was largely carried by the vendor – it was their audience that was being measured, they paid.</p>



<p>And of course they controlled; after all, he who pays the piper..</p>



<p>But things are changing, as the industry edges towards measuring what has always been true; consumers use multiple media forms so we need to understand how they fit together. We need a framework for cross-media measurement.</p>



<p>That much is clear, the problem has always been less about how, more about who pays, and crucially who controls?</p>



<p>Agencies never have any money (although strangely they seem to discover a magic money tree whenever award season comes around); media vendors can’t be expected to prioritise research that by definition promotes others’ strengths.</p>



<p>That leaves the advertisers.</p>



<p>Advertisers are the ones driving this car. They ultimately benefit from better planning based on a comprehensive cross-media framework.</p>



<p>Thus, advertisers have to pay, but how can they ensure an industry consensus?</p>



<p>What if the large advertisers made it clear that they expect their agencies to support work done to improve the industry’s measurements?</p>



<p>What if all pitch briefs, and agency contracts made it clear that the client recognises the benefit to the business of better cross-media planning, but also notes and values the significance of this work to the industry as a whole?</p>



<p>As a part of that expectation, the client will play its part and pay for a proportion of the time that the agency allocates to industry affairs. Not only will this time be allocated and measured as a deliverable, but the agency should pay a share too.</p>



<p>The agency’s fees are adjusted to reflect this, but the rule would be simple: no industry involvement – no business from us.</p>



<p>There are alternatives. One is the levy system <a href="https://www.bjanda.com/blog/audience-measurement-enter-the-advertiser-part-2-who-pays/">proposed here several times</a>, and reportedly under consideration.</p>



<p>Such tactics may be in part cosmetic – at the end of the day, the advertiser pays, but as Bernard said, they always do anyway. It’s just how.</p>



<p>The media vendors, of all colours should be involved. They have significant expertise, and they can contribute a great deal to the conversation around what’s needed to improve planning across channels.</p>



<p>But they shouldn’t control or dictate. They don’t get to drive.</p>



<p>Planning is an inter-media discipline; buying is intra-media. Control over the shape of inter-media should be in the hands of those who plan and those who buy those plans &#8211; the advertisers and their agencies.</p>



<p>The buying piece, the currency remains crucial, and that’s where the vendors’ control should remain.</p>



<p>In any cross-media measurement, headline numbers by medium might go down as new considerations, like attention enter the fray. Media vendors shouldn’t argue on the basis that the bigger the better, the smaller the poorer.</p>



<p>Smaller, more engaged can be beautiful.</p>



<p>Planning needs a cross-media framework – not a replacement for a currency, not a new system to replace everything else. A framework, a way of bringing together knowledge and data to help improve and shape how we plan.</p>



<p>As our old friends Oscar and Richard had it: ‘When you know the notes to sing you can sing most anything.’</p>



<p>We have the notes; we just need help putting them in the right order.</p>
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		<title>Success in Media Agencies</title>
		<link>https://www.bjanda.com/blog/success-in-media-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 Aug 2021 13:51:27 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1514</guid>

					<description><![CDATA[Re-reading old Cog Blogs I’m struck by how often I criticise agencies. To be fair, the behaviour of many of the largest over the years has not made that particularly hard to do, but it’s no bad thing to balance shouting with an offer of pragmatic advice. Some years ago, I was on a conference [&#8230;]]]></description>
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<p>Re-reading old Cog Blogs I’m struck by how often I criticise agencies. To be fair, the behaviour of many of the largest over the years has not made that particularly hard to do, but it’s no bad thing to balance shouting with an offer of pragmatic advice.</p>



<span id="more-1514"></span>



<p>Some years ago, I was on a conference panel alongside other agency people. We were asked whether we would encourage our children to make a career in media agencies.</p>



<p>Setting aside the fact that my children are grown up, have their own careers and wouldn’t have paid attention to me anyway, I was the only one on the panel to say yes I would.</p>



<p>At their best agencies are great places to work; full of interesting people with (to (mis)quote a famous adman) permission to interfere in others’ businesses without having to take all that much responsibility for the consequences of their actions.</p>



<p>Yes, OK people have bad audits, people lose accounts, but it’s hardly on a par with having to close a plant, is it?</p>



<p>The sheer range of marketing activities required by clients and thus regularly offered up by agencies is huge.</p>



<p>It’s not only the number of communication channels on offer, but the opportunity to advise on how best to knit together e-Commerce, in-store, PR, experiential media forms, packaging, content creation and so on.</p>



<p>The more complicated things get, the more relevant it is to remember basic principles.</p>



<p>There are two basic rules:</p>



<ol type="1"><li>Be paid 100% by the client. Put the client’s interests front and centre. Do what’s best for him or her. What the media vendor wants, what the platforms decree, what will benefit your agency the most financially – these should not be your primary concern. If they are – you’re doing it wrong and eventually you’ll be found out.</li><li>Whoever you are, whoever you work for you can’t do everything. It’s very easy to say yes, to claim invincibility, to pretend to be an expert in all things. The truth is, you’re not. If you think you are, you’ll be found out.</li></ol>



<p>I can almost hear the howls now: ‘But clients don’t pay us properly. We have to offer new services to make ends meet’.</p>



<p>Questionable.</p>



<p>The best clients (and there are more of those than perhaps you might think) pay their agencies properly. If your clients aren’t amongst them then there has to be a grown-up conversation, sharing numbers and making the business case. Discuss the options. If a client wants the best people then this is what they cost; if the client doesn’t need every service, then don’t provide those that aren’t used, and don’t charge for them. Be honest, transparent.</p>



<p>The agency business isn’t all that complicated. Costs are c. 70% + in people and thus within your control. There’s no manufacturing, no supply chain, no raw materials. You can flex, adapt.</p>



<p>Granted there are holding companies but to most clients that’s an internal matter. As my dear old mum used to say: look after the pennies and the pounds will look after themselves.</p>



<p>What’s wrong is to assume that you can always find ways to make the money up from somewhere, somehow. That can work for a while, indeed it worked for years, but today we all know where that ends, and it’s not pretty.</p>



<p>Rule two: don’t over-promise. Don’t say yes to everything.</p>



<p>One small example – remember when agencies suddenly became experts in measuring effect, some offered trackers, others econometrics? That worked for about 5 minutes until everyone worked out that paying the agency a fee to mark its own homework may not be smart.</p>



<p>Far better to accept that you’re brilliant at certain things. Others are equally brilliant at other things. Look to collaborate, to partner up.</p>



<p>Nobody’s great at everything, so ask yourself which is better. To offer a suboptimal service provided by people who if they really were the best would not be buried in an agency backroom somewhere, in order to make money until you get found out?</p>



<p>Or might it be better to partner up with someone who’s built a successful business doing whatever it is, to incorporate their work into yours and to bask in the reflected glory that comes from a job well done?</p>



<p>I recently interviewed Nick Emery for the series <a href="https://www.craterlakeandcompany.com/">Crater Lake</a> is doing with <a href="https://mediatel.co.uk/news/2021/08/24/making-sense-of-it-all-why-karen-nelson-field-is-looking-over-her-shoulder/">Mediatel</a>.</p>



<p>Nick has the opportunity to build a media agency operation from scratch for You and Mr Jones. Nick made the point that now is a wonderful time to be in media, given the opportunities. I agree (as you can hear next week when Mediatel publish the video interview).</p>



<p>Agency leaders just need to grasp the opportunity whilst keeping to basic principles. ‘Just’.</p>
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		<title>Respect</title>
		<link>https://www.bjanda.com/blog/respect/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 19 Aug 2021 11:43:58 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1510</guid>

					<description><![CDATA[A week or so ago a rarity appeared in my LinkedIn feed. A (beautifully written) piece from an ex-media agency strategist called Anthony Swede outlining his worries and concerns about the media agency business. In case it’s passed you by you can read it here. The reason I say it’s rare is that it outlines [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p>A week or so ago a rarity appeared in my LinkedIn feed. A (beautifully written) piece from an ex-media agency strategist called Anthony Swede outlining his worries and concerns about the media agency business. In case it’s passed you by you can <a href="https://www.linkedin.com/pulse/five-things-working-media-agencies-has-taught-me-anthony-swede/?trackingId=jfDbynW9QnexzaDDy0SJfQ%3D%3D">read it here</a>.</p>



<span id="more-1510"></span>



<p>The reason I say it’s rare is that it outlines a number of issues rarely talked about, indeed glossed over by those who lead agencies these days, even if I know several who would privately agree with every word.</p>



<p>It’s also unusual in that it was written by someone current, not some old blogger who left the agency business over a decade ago.</p>



<p>The issues raised are worrying for the future of agencies – who after all only succeed because of the talent within them. If they can’t offer a workplace environment that’s rewarding (and indeed fun) then they won’t attract the talent in the first place.</p>



<p>I don’t know Anthony, but he has impeccable credentials and 25 years in agencies.</p>



<p>The first canard Anthony shoots is that media agencies should be places only for the young. Apparently only they have the energy, only they can survive the stress and the long hours.</p>



<p>As he says a little later, how very machismo. How totally rubbish.</p>



<p><strong>“What I want to say … is this &#8211;&nbsp;<em>how utterly … stupid </em>…. (the media agency business is still) a young business that hasn’t escaped its dilettante origins and so can’t trust itself to be wise. Media agencies, deep in their DNA … don’t want to believe that they matter enough to invest in that great destroyer, that great leveller, that great learner – TIME.”</strong></p>



<p>We all have stories. Mine involves meeting a young agency guy who began, with great pomposity: ‘Let me just explain to you how advertising works …’.</p>



<p>I sat quietly, listened and responded politely. I believe he left the agency soon after.</p>



<p>In many professions age and experience are valued. In ours, not so much. Look at the number of ex-agency CEO’s consulting for ad tech businesses, or for media vendors. Why aren’t those people sufficiently valued by the industry sector they’ve recently left?</p>



<p>Anthony raises the general awfulness of most pitches. As he writes:</p>



<p><strong>“What is wrong with pitches? They are too long. We kill ourselves doing them. They have a massively adverse impact on people’s mental health. This helps no one and nothing and it could be done better with zero impact on the rectitude of client decision making”.</strong></p>



<p>To be honest we do sometimes run pitches. We do so rarely as we believe that often the last thing the client needs is a pitch.</p>



<p>I was brought up at Leo Burnett, one of whose clients, Kellogg’s had a brand manager bible given to every starter. The first paragraph read (I paraphrase): ‘It is not your job to change the agency. It is your job to get the most from the agency’.</p>



<p>One large FMCG client many years ago asked us to help them change media agency as ‘they’re rubbish’. As the incumbent was one of the largest and most awarded agencies they transparently weren’t ‘rubbish’.</p>



<p>We talked the client out of precipitous action, saw the agency, helped them strengthen their team, advised the client on improving their briefing and operating procedures, and left.</p>



<p>The agency retained the business for a number of years.</p>



<p>We could have run a media pitch, taken the fee, changed the agency on the promise of an apparent reduction in costs, or never-to-be-seen again tools, seen promises broken, blamed the agency, rinsed and repeated. Over and over.</p>



<p>Meantime the client would have run up substantial hidden costs in time and lost opportunities and no doubt sold less product.</p>



<p>Who wins? (Yes, I know..).</p>



<p>When we do run pitches, we satisfy ourselves first that it truly is the best route for the client. We discuss the options with the client, including not pitching.</p>



<p>When we do go ahead, we try to treat agencies politely and with respect, we brief thoroughly, we give everyone sufficient time, we do everything we can to keep to timelines, we respond to calls, we do our best to ensure that each agency presents itself in the best possible light.</p>



<p>We offer honest debriefs to those that don’t win.</p>



<p>We try to treat others as I would have liked to be treated when I was doing the pitching.</p>



<p>Sadly, often we fail to convince clients, so we just don’t participate (we have that luxury).</p>



<p>None of us can change the world on our own, all we can do is affect our very small bit of it.</p>



<p>Respect others, respect experience, respect the job to be done.</p>



<p>Respect to Anthony Swede.</p>
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		<title>Measuring Everything That Communicates</title>
		<link>https://www.bjanda.com/blog/measuring-everything-that-communicates/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 06 Aug 2021 07:46:24 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1507</guid>

					<description><![CDATA[Last week’s Cog Blog post made the point that everything a brand or company puts out there is in effect an ad. Everything communicates; everything a brand says, for good or ill contributes to what we think of that brand. Which leads to the inevitable question: which communication channels work best, which do the business [&#8230;]]]></description>
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<p>Last week’s <a href="https://www.bjanda.com/blog/everything-communicates/">Cog Blog post</a> made the point that everything a brand or company puts out there is in effect an ad. Everything communicates; everything a brand says, for good or ill contributes to what we think of that brand. Which leads to the inevitable question: which communication channels work best, which do the business good (or harm), which need to be invested in and which avoided at all costs?</p>



<span id="more-1507"></span>



<p>A quick scan of comments from today’s media gurus turn up any number of cliches and platitudes around ‘business outcomes’. It’s as if the very notion that brands spend money to achieve something is a new concept invented by this generation.</p>



<p>The truth is that market mix modelling has been around for decades as a valuable input into decision-making.</p>



<p>But the old MMM approach is creaking more than a bit in an age when the impact of commercial communication is often immediate, and when so many of the basic data building blocks are exclusively in the hands of the big platforms.</p>



<p>It’s also not helpful that many conflate concepts like viewability and attention to give a false impression of effect, as <a href="https://mediatel.co.uk/news/2021/08/05/attention-revolution-the-reinvention-of-invention/">Karen Nelson-Field’s column in Mediatel</a> this week points out.</p>



<p>This week a piece appeared on LinkedIn from my <a href="https://www.craterlakeandcompany.com/post/there-s-a-better-way-to-evaluate-campaigns-including-digital-than-traditional-mmm">Crater Lake and Company colleague David Beaton</a> on the approach we at Crater Lake take to measure the business impact of all channels, including online. David uses a hub and spoke analogy to make the point that all models have to work with what they have; and that the data varies channel to channel.</p>



<p>Each channel used contributes to the whole; the model needs to take account of the fact that individual communication channels use multiple different ways of measuring their particular contribution.</p>



<p>David’s piece concludes that it’s better to be 90% right and to deliver guidance in a timely fashion, than 100% right and tell everyone what they should have done, after they had done whatever they were going to do in the first place.</p>



<p>The Crater Lake approach starts from the point that the old MMM model is really not suited to a multi-channel, digital, always-on world within which things are changing constantly.</p>



<p>The old model is also by definition backward looking, when what is required is a predictive service that learns and grows as circumstances evolve and change. This is the aim of the Crater Lake approach.</p>



<p>Crater Lake is all about making sense of it all. To do that we have to measure the totality of customers’ experiences with brands, something that another Crater Lake partner, MESH Experiences is particularly expert at doing, analysing the impact that each channel has on how consumers see the brand.</p>



<p>The business is still evolving from being all about advertising, and mass audiences, to taking advantage of the many opportunities created by multiple channels used in so many different ways by consumers.</p>



<p>We need to get far better at applying advertising skills to non-advertising media forms and we need to be able to measure the results each brings to the whole effort.</p>



<p>Organisationally, disaggregating into specialist units has led to us losing perspective, as anyone who has ever tried to plan a campaign using advertising, retail promotions, email and PR will know. The fights internally for share of the budget, the irrational belief that advertising is by some divine right more appropriate than (say) an influencer campaign can turn nasty.</p>



<p>We need to accept we’re living in a world where we are expected to plan across all comms channels. All we need are the tools to help us do that using the evidence we have.</p>



<p>The specialists’ job is to make the most of the budget they’re given to meet the objectives set. The planners need to think across all channels, without fear or favour.</p>



<p>It’s their job to make sense of it all; to act as integrators within a dis-integrated world.</p>



<p>This is where Crater Lake and Company (<a href="http://www.craterlakeandcompany.com">www.craterlakeandcompany.com</a>) can help.</p>



<p>If you would like a full explanation of how Crater Lake assesses and evaluates the contribution that all media forms make to the whole you can download the full version of David Beaton’s paper by <a href="https://www.craterlakeandcompany.com/post/there-s-a-better-way-to-evaluate-campaigns-including-digital-than-traditional-mmm">using the button at the end of his piece here.</a></p>
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		<title>Everything Communicates</title>
		<link>https://www.bjanda.com/blog/everything-communicates/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 29 Jul 2021 11:39:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1504</guid>

					<description><![CDATA[It’s a truism that everything a brand or company puts out there is in effect an ad. To quote William Randolph Hearst (as opposed to his alter ego, Citizen Kane): “News is something somebody doesn’t want printed; all else is advertising.” We may have built a multistorey structure, with floors containing specialists in PR, digital [&#8230;]]]></description>
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<p>It’s a truism that everything a brand or company puts out there is in effect an ad. To quote William Randolph Hearst (as opposed to his alter ego, Citizen Kane): “News is something somebody doesn’t want printed; all else is advertising.”</p>



<span id="more-1504"></span>



<p>We may have built a multistorey structure, with floors containing specialists in PR, digital content, influencers, advertorials, product placement, customer relationship management and the rest but the truth is, it’s all ads.</p>



<p>When you see social media commentary explaining that ‘advertising’ these days has to compete with brand influencer messages on Tik Tok – just remember, it’s all advertising, even if it’s competing with itself.</p>



<p>Levels of control vary across communication channels (the influence a press officer has over what finally appears is clearly less than with a paid-for communication, whether that appears via an ad or an influencer), but levels of influence aside what a company says about itself in any shape or form says something about the company.</p>



<p>I’ve never really understood how come so many non-marketers don’t get this. Maybe it’s because those at the top still see marketing as something nice to have, something to be proud of, something to show off about, but not something that has much to do with the real business of business.</p>



<p>Everything communicates. There will always be odd occasions, rogue employees or whatever but companies are far too often seriously inconsistent in the messages they put out there. Even when they have 100% control over the message as with paid for ads.</p>



<p>Take far too many ads on social media. Not only are they dire, but they’re disliked and avoided wherever possible by those they’re supposed to reach.</p>



<p>It’s as if creative teams don’t really understand how to get the most from these media forms (I almost typed ‘new media forms’ except that they’re in no way new). In the same way that print ads rarely work well on OOH sites, so traditional ads are just wrong for social media.</p>



<p>If everything communicates then as much care should be taken over a paid for message on social media, with how staff address customers, with retail layouts and displays as with a TV spot. It certainly looks as if that isn’t the case.</p>



<p>It’s as if in the large agencies social media is today’s radio. Chuck the brief to the junior team – no-one cares. It was wrong; it is wrong.</p>



<p>Outside of paid for communications, even CEO’s seem unaware that what they say and how they behave can undermine the carefully constructed edifice of their company’s reputation. And that can influence not just a few survey numbers but also their share-price and the opinions of their investors and stakeholders.</p>



<p>As Mark Borkowski <a href="https://www.theguardian.com/technology/2021/jul/29/ceos-told-to-think-before-they-tweet-after-just-eat-twitter-spat">put it in a piece in ‘The Guardian’</a>, referencing an unseemly Twitter row between the CEO’s of Just Eat and Uber: “Twitter is perfect for renegades, mavericks and disruptor brands. It’s much harder for well-established brands with solid reputations, if something goes wrong for them they risk damage to their hard-earned brand.”</p>



<p>If a lowly manager messed up operationally at Just Eat or Uber you can be sure something would be said and indeed done. Hands (and quite possibly necks) would be wrung, pearls grasped, internal reviews commissioned.</p>



<p>But something that undermines the company’s reputation? Far too often that’s seen as less of an issue, which is the opposite of the truth.</p>



<p>Even CEO’s need to appreciate the power of media communications to influence those things they care about. Marketing isn’t pink and fluffy, but business critical.</p>



<p>If everything communicates, then we should do our best to plan everything, to measure what we can and to have some idea of how things work individually and collectively.</p>



<p>That involves introducing a system of cross-media thinking that goes a lot farther than the measurement initiative being driven by the WFA and ISBA.</p>



<p>Both the WFA and ISBA are well aware that what they’re doing is only a start, albeit an important one.</p>



<p>We should all be aware of that, and keep our eyes firmly on the prize, of creating a way of thinking within which all forms of communication are considered, assessed and where practical measured.</p>



<p>Everything communicates. We just need to understand how.</p>
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		<title>In Context</title>
		<link>https://www.bjanda.com/blog/in-context/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 22 Jul 2021 14:19:24 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1502</guid>

					<description><![CDATA[In recent weeks I have had some small insight into what it must be like to be a world-renowned epidemiologist, seeing your field diminished to ignorant tweets and online comments from those with a fraction of a fraction of my decades’ worth of knowledge and expertise. The reason? Suddenly it seems that everyone is an [&#8230;]]]></description>
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<p>In recent weeks I have had some small insight into what it must be like to be a world-renowned epidemiologist, seeing your field diminished to ignorant tweets and online comments from those with a fraction of a fraction of my decades’ worth of knowledge and expertise. The reason? Suddenly it seems that everyone is an expert in media placement.</p>



<span id="more-1502"></span>



<p>One example of this sudden emergence of a new class of experts (as in: people who don’t know much but think they do) is the reaction on social media to what’s happening over at GBNews, our latest TV channel.</p>



<p>As background, ads on GBNews are sold by a third party, Sky. GBNews is a tiny channel – latest estimates put a typical audience to their most popular slots at somewhere around 20,000. Further, the audience delivered is not only small but almost certainly reachable elsewhere.</p>



<p>So, without making any comment at all on the channel’s editorial position (one that has attracted controversy) it simply isn’t a big deal for advertisers.</p>



<p>Sky uses automated processes to allocate funds across the channels it represents. Unless an agency or client specifically requests that GBNews be excluded, the odds are that the channel will be used as an audience makeweight, albeit a small one.</p>



<p>So far, so reasonable. If as an advertiser you really want to avoid the controversies around GBNews, or indeed any other channel, then just make it clear you don’t want to use it.</p>



<p>Or, in the vernacular opt-out in order to avoid being opted-in.</p>



<p>Assuming you’ve not opted out, and your ads have been appearing on GBNews there’s a good chance you’ll have been targeted on social media by some of your (alleged) customers or by groups like Stop Funding Hate who have been (in their eyes) naming and shaming advertisers on this and other media outlets.</p>



<p>I find this disturbing. Advertisers should be free to advertise wherever they like, within the law.</p>



<p>It may very well be that as an advertiser you want to avoid those channels or contexts within a particular channel that clash with your values as a brand, and / or those that might stir up trouble and strife internally and with stakeholders.</p>



<p>It may be that you want to support, or deliberately avoid certain media because of their editorial views, or because of how they behave in terms of various of their policies.</p>



<p>You may also decide that the audiences attracted to a channel are not relevant, or that the audience’s views and opinions run counter to those with which you wish to be associated.</p>



<p>But all of that is for you, the advertiser to decide on the basis of the facts and the evidence, not as a result of pressure from some third party.</p>



<p>To take a real example, I noticed a number of tweets this week attacking Sainsbury’s for using GBNews. The message was – I’m a customer, stop doing this or I’ll take my custom elsewhere.</p>



<p>Presumably if enough Sainsbury’s customers take this view, and if that number is greater than those taking the opposite view then Sainsbury’s usual mechanisms for evaluating effect will conclude that given the amount spent on GBNews this was expenditure that didn’t deliver a return.</p>



<p>This of course assumes that advertisers evaluate effect thoroughly – using a mix of research and data analytics to take into account reputational harm / enhancement as well as sales, and that they have the means to do this by channel.</p>



<p>If they don’t (and let’s be frank the chances are they don’t given that many don&#8217;t even bother to find out where their ads are appearing until someone criticises their &#8216;selection&#8217;), then they have little choice but to use proxy measures or to be buffeted by the prevailing winds of controversy.</p>



<p>Personally I don’t like GBNews. But then like everyone else I also choose to avoid numerous other channels in preference to those that match my opinions and ethical position.</p>



<p>But what I do or don’t think is, along with my prejudices irrelevant when it comes to doing what’s best for my clients.</p>



<p>What’s important is that we have a free and diverse press. Advertisers can then select from a whole range of audiences, contexts and editorial opinions.</p>



<p>What is clear is that whereas audience size, reach and cost were the only games in town, the context within which the message appears is now right up there as a variable in media selection.</p>



<p>Now all we need to do is measure it.</p>
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		<title>An Industry Not At Ease</title>
		<link>https://www.bjanda.com/blog/an-industry-not-at-ease/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Jul 2021 13:45:25 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1499</guid>

					<description><![CDATA[The more I look around, the more I read our trades, the more research I see the more I come to the conclusion that the ad business is not an industry at ease with itself. Doing strange things. Making decisions based solely on media metrics. Ignoring the biggest issues. Let’s take the biggest issue first. [&#8230;]]]></description>
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<p>The more I look around, the more I read our trades, the more research I see the more I come to the conclusion that the ad business is not an industry at ease with itself. Doing strange things. Making decisions based solely on media metrics. Ignoring the biggest issues.</p>



<span id="more-1499"></span>



<p>Let’s take the biggest issue first.</p>



<p>Last week an agency strategist called Zoe Scaman wrote a remarkable piece on Twitter called ‘<a href="https://twitter.com/zoescaman/status/1411639870028660736">Mad Men. Furious Women</a>’ about misogyny in the ad business. It’s a tough read, but if you haven’t read it, you should.</p>



<p>I don’t know Zoe but to write about what happened to her must have taken extraordinary strength and courage.</p>



<p>She’s empowered others to come forward with similar stories. And she has had to put up with the inevitable pile-ons from those trying to make light of what happened to her.</p>



<p>It’s true that almost every woman I’ve ever met in our industry has similar stories. I’ve not come across one as dreadful as Zoe’s.</p>



<p>Those from my era were and are too prepared to shrug these things off. They saw it as an inevitable consequence of the ‘all lads together and sometimes we go a bit mad’ culture.</p>



<p>How dare we. It was not OK; it is not OK and if it takes the terrible extremes of Zoe’s and others’ stories to make the industry face up to this and do something then it’s about time.</p>



<p>Maybe ‘Campaign’ could help by keeping this story front and centre.</p>



<p>There’s a culture that still, even today often seems to put our industry’s priorities as constantly glorifying the extravagant (boasting about the hours worked, the alcohol consumed) ahead of celebrating the business benefits that great work brings.</p>



<p>The extravagancies conflict with several uncomfortable facts.</p>



<p>As we all know, right now consumers don’t like ads much, and those they like least, appear on the fastest growing (in ad revenue terms) media forms.</p>



<p>To be clear we seem to be saying let’s do more of something consumers don’t like, as they seem not to like it in sufficient numbers to hit some fanciful audience target that has little to do with any business outcome.</p>



<p>One way to express dislike of something is not to consume much of it.</p>



<p>Yet we’ve convinced ourselves, via the modern equivalent of snake oil that an ad exposed for 2 seconds is worth even discussing in the same breath as an experience that lasts maybe 15 times as long.</p>



<p>Then we’ve fallen for the trick that has likes and shares as worthy objectives even though study after study concludes that alone they contribute zip to any positive brand building.</p>



<p>We shake our heads about the paucity of great journalism, but then act as if we play no part in the fact that today journalists are judged not by the impact their stories have on society but by how many clicks they generate.</p>



<p>What if we all made clear to media vendors that we care diddly for clicks?</p>



<p>Apparently, we think it’s OK to support platforms that allow abuse of those whose opinion leads them to speak up against our own favourite but unsubstantiated theories. Even when the facts show we’re wrong. Abuse equals likes and clicks. So that’s alright then.</p>



<p>Why is this OK? Why do we keep supporting the channels that host these lies and abuses? What if the ad business pressed Twitter to only allow accounts with an identifiable owner? Isn’t accountability a good thing?</p>



<p>To be clear I am not in favour of boycotting legitimate channels that express a different point-of-view to my own. Advertisers should be free to advertise wherever they like; our job is to make sure their decisions are well-informed based on whatever knowledge and experience we may have.</p>



<p>If it’s appropriate to point to context, then so be it.</p>



<p>Abdicating from that responsibility, ignoring the signs we’re being sent from consumers that certain elements of what we do are not appreciated and thus don’t work, is not indicative of an industry at ease with itself. That knows what it’s doing and appreciates its true worth.</p>



<p>Zoe Scaman appears to be an immensely brave and principled woman but she shouldn’t have needed to prove that. The men who abused her behaved obnoxiously displaying an arrogance, a failure to think of anyone except themselves.</p>



<p>What happened to her and to many others is of course at a level far, far above moaning on about a few media numbers.</p>



<p>But what is concerning is that the selfish behaviour Zoe exposes is mirrored, even if only in shadowy outline as opposed to in harsh high definition in so many areas that we touch that we should all take heed and ask ourselves how we can make things better.</p>



<p>Even if all most of us can do is (compared to Zoe) minimal and at the margins.</p>
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		<title>No Cannes Do</title>
		<link>https://www.bjanda.com/blog/no-cannes-do/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 01 Jul 2021 11:35:39 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1496</guid>

					<description><![CDATA[We are a tone-deaf business sometimes. Consider the following unrelated facts. One, advertising is not trusted or liked by most consumers. Two, we are facing an unprecedented upheaval in the media available to advertisers, who owns these media, and how they’re used. Three, the debate on how to assess the value of the different media [&#8230;]]]></description>
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<p>We are a tone-deaf business sometimes. Consider the following unrelated facts. One, advertising is not trusted or liked by most consumers. Two, we are facing an unprecedented upheaval in the media available to advertisers, who owns these media, and how they’re used. Three, the debate on how to assess the value of the different media choices, singly and in combination is a live one. Four, the main industry protagonists have just spent a large chunk of change entering for and ‘attending’ the annual Cannes festival.</p>



<span id="more-1496"></span>



<p>I wonder which of these four the agency world considers the most important of these as defined by where they spend their own money? Here’s a clue, it isn’t media structures, audiences and measurement.</p>



<p>Most years for the last dozen or so, I’ve helped with the annual asi audience measurement conference. This event has been going for over 30 years and is (most would agree) the best of its type.</p>



<p>This particular event and others like it help set the agenda when it comes to defining what the industry needs from measurement. As a for-instance, it was at an asi event that Phil Smith of ISBA unveiled his organisation’s Project Origin cross media initiative.</p>



<p>Asi regularly attracts high calibre speakers, from David Wheldon to Bob Hoffman, from senior measurement figures from Facebook and Google to leading broadcasters and research agencies.</p>



<p>And yet the one group that is hardest to attract as attendees, year in, year out is the agencies.</p>



<p>I’ve asked my agency friends why they don’t attend events like this. Certainly, no event has a God-given right to an audience, so maybe (I’ve wondered) the organisers are missing the hot topics? Or maybe they should rethink the format or the content?</p>



<p>The answer is always ‘we don’t have the budget’.</p>



<p>And yet mysteriously these same agencies have the budget to swarm all over Cannes.</p>



<p>This year’s Cannes was naturally virtual. I don’t know what it cost to ‘attend’ or access but the entry fees for papers or campaigns are revealing.</p>



<p>This year, I make it that Cannes handed out 44 sets of awards across 28 categories, which led the incomparable Bob Hoffman (author of the AdContrarian blog) to make the clearly outrageous and patently unbelievable claim that he once met someone who hadn’t won at Cannes.</p>



<p>The cost of entering varied by category between €985 and €2,450. Most seemed to be around €1,150 before any discounts.</p>



<p>Per entry.</p>



<p>Then there’s the cost in a usual year of showing up. I wouldn’t like to estimate the annual cost of sending a delegate, once expenses are taken into account, but the whole shebang must cost an agency holding group something way into the high 6 figures, maybe even € millions; and an impoverished media agency somewhere between €25,000 and €50,000, assuming they don’t go too crazy with the entries, or the rose.</p>



<p>Hopefully someone will correct me on these numbers.</p>



<p>I’m certainly not against awards (I can’t be, I’ve entered a fair few, won some and judged many more) nor do I think it’s in any way a bad thing to come together to celebrate creativity – but do we really think that much of that happens at Cannes?</p>



<p>Cannes used to be an ad agency festival. Then clients started showing up, and major ad tech vendors, and smaller ad tech vendors, and media agencies, and traditional media houses and research agencies and software houses.</p>



<p>These days it’s about as much a ‘celebration of creativity’ as this blog. And more expensive.</p>



<p>If Cannes is holding a mirror up to and celebrating creativity then to be frank there’s not a huge amount to celebrate at the moment, judging by consumer reaction.</p>



<p>What it is (Cannes I mean, not this blog) is a huge party, a demonstration of old-style excess leavened by the odd award ceremony and (judging by the approved photos released for PR purposes) some Very Serious Meetings that naturally couldn’t possibly take place under any other circumstances (‘You’ll never get such a group together, except in a beautiful waterfront setting or on a yacht’).</p>



<p>If it’s that important I expect a way could be found.</p>



<p>Meantime the industry, and in particular the agency side of the industry can’t afford to come together to discuss what media measurement is required to equip us for the future.</p>



<p>No budget.</p>



<p>Well, I can think of a way of solving that one. Maybe send a few less people to Cannes; maybe enter a few less awards.</p>



<p>Maybe prioritise. At the end of the day if the choice is between a headline <a href="https://www.moreaboutadvertising.com/2021/06/wpp-regains-cannes-lions-holding-company-of-the-year-title-in-a-year-when-awards-flowed-and-rose-didnt/">boasting that you’re the most awarded holding company</a> network at Cannes, and helping fund whatever work is needed to improve how the industry measures audiences, and thus improve how we spend our clients’ budgets I think I know which I would pick.</p>



<p>I also think I know which most advertisers would pick. Try listening to your market, guys.</p>



<p>There are plenty of smart agency guys. Maybe they should be encouraged to attend events that might actually help shape things in an industry in bad need of change.</p>
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		<title>Campaigning</title>
		<link>https://www.bjanda.com/blog/campaigning/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Jun 2021 11:57:02 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1493</guid>

					<description><![CDATA[Back in the olden days when people actually went to meetings, a common client refrain when the planners unveiled their thinking and the creatives the executions was: ‘Yes, but is it campaign-able?’ A strong execution of course was and is a wonderful thing, but a campaign is, to coin a phrase not just for Christmas. [&#8230;]]]></description>
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<p>Back in the olden days when people actually went to meetings, a common client refrain when the planners unveiled their thinking and the creatives the executions was: ‘Yes, but is it campaign-able?’</p>



<span id="more-1493"></span>



<p>A strong execution of course was and is a wonderful thing, but a campaign is, to coin a phrase not just for Christmas. A campaign lasts, a campaign adds layers and depth to the original idea.</p>



<p>A campaign has the potential to become an asset, in more ways than one. It can mean you need to spend less during each burst; there’s no need to introduce the idea or concept, there’s the added value you get from non-commercial messages like PR, or word of mouth, there’s the opportunity to manage a sense of anticipation amongst consumers.</p>



<p>Great marketers understand this and the best are able to subsume their natural wish to do something entirely new and different in the knowledge that they’re building an asset for the business.</p>



<p>They also know that ads very rarely wear-out, except amongst brand managers and so replacing them constantly is not necessary.</p>



<p>It may be a consequence of getting older, and the inevitable decline into a mindset where the default is that everything was better way back when but I do think that campaigns are rarer these days.</p>



<p>‘Campaign’ (the magazine) carried an excellent piece by the writer, Walter Campbell who worked on one of the most famous TV ads of recent times – <a href="https://www.campaignlive.co.uk/article/campaign-making-guinness-surfer/1718803">Guinness’ ‘Surfer’</a>. How it came to be, how it linked the thought that waiting for something adds to the eventual enjoyment to be had when it arrives, with the famous Guinness Is Good For You line. Hence: ‘Good things come to those who wait’.</p>



<p>And how it ignored the original brief not to mention the length of time it takes to pour a Guinness.</p>



<p>Guinness believes in great advertising that lasts, as anyone who has visited the brand’s Guinness Storehouse in Dublin, which devotes a floor to the brand’s advertising heritage will know.</p>



<p>Campaigns can be created around lasting lines (Audi’s Vorsprung Durch Technik, famously copied by Sir John Hegarty from a poster on an Audi factory wall in the 1980’s), jokes (Perrier’s clever ‘Eau’ puns), characters (Leo Burnett’s ‘critters’, the Jolly Green Giant, Tony the Tiger), mini-dramas (Nescafe Gold Blend) or comedies (PG Tips chimps).</p>



<p>They can tie together a disparate series of messages to evoke a common feeling about the brand – VW, Nike, adidas, Tango.</p>



<p>For some reason they catch, and they last.</p>



<p>So how is it that all of the above are old? Where are the new great campaigns?</p>



<p>There are some of course, Warburtons, the John Lewis work (getting on a bit), Comparethemarket’s Meerkats (positively vintage), McDonald’s musical sting (verging on the classic) but they seem to be rarer somehow.</p>



<p>Maybe we’ve come to believe that all messaging is transitory. Nothing lasts, from Instagram posts to Twitter threads, they flare, they disappear. Our attention spans are shortening, we don’t have the time or the patience for anything that requires us to concentrate or to remember.</p>



<p>This can’t be true though. Cinema was riding high pre-pandemic and seems likely to do so again. Book purchasing is apparently booming. TV drama series are making the news.</p>



<p>I suspect the focus of marketers and therefore their agencies has shifted away from great creative, and thus campaign-able ideas and towards accountability. Nothing wrong with that, except that ‘accountability’ has come to mean ‘short-term accountability’.</p>



<p>If the likes of Facebook and Google, who stage-manage so much of the industry debate were honest about their desire to influence business outcomes they would see that true outcomes build and need to be assessed over time. They would note that great long-running campaigns can add immensely to a brand’s value.</p>



<p>They would realise that yes, as transitory platforms they have a role to play but that role is not at the expense of brand-building activities using other channels and other means of communication.</p>



<p>That outcomes are not solely about clicks and likes. That brands need more than 2, 3 or (horror..) even 4 seconds to tell their story.</p>



<p>That great advertising is additive, not exclusive. Collaborative not confrontational. Long-lasting not transitory. Campaigns not ads.</p>
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		<title>GBNewbies</title>
		<link>https://www.bjanda.com/blog/gbnewbies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Jun 2021 12:07:35 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1491</guid>

					<description><![CDATA[This week has seen the launch of the UK’s latest TV channel, GBNews, the brainchild of ex-News International executive Andrew Neil, funded for the most part by overseas entities. GBNews has been dubbed our very own version of Fox News in terms of that channel’s political leanings. Whether it is or not isn’t the point [&#8230;]]]></description>
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<p>This week has seen the launch of the UK’s latest TV channel, GBNews, the brainchild of ex-News International executive Andrew Neil, funded for the most part by overseas entities.</p>



<p>GBNews has been dubbed our very own version of Fox News in terms of that channel’s political leanings. Whether it is or not isn’t the point of this post; the Cog Blog tries to steer clear of political comment.</p>



<span id="more-1491"></span>



<p>Rather, it’s the ads on the channel, and how they got there which interests us.</p>



<p>The channel launched this week supported by what looks like a good level of ad content sold on its behalf by Sky Media, the sales arm of Sky that represents a large number of independent channels.</p>



<p>What happened next was pretty predictable. For months prior to launch activist groups and opinionated individuals had been calling on advertisers to boycott the new channel. Neil, never one to back away from confrontation had responded. Ah well, all publicity is good publicity. The point is the launch was hardly a secret. This was never going to be anything other than controversial.</p>



<p>So it was hardly a surprise that as soon as the channel went on air the activists started naming (and in their eyes, shaming) those advertising on it.</p>



<p>Many advertisers <a href="https://www.theguardian.com/media/2021/jun/15/brands-pull-ads-from-gb-news-tv-channel-over-content-concerns">promptly pulled off the channel</a>, stating they were unaware that their ads were due to appear there in the first place.</p>



<p>Let’s just park the fact that what matters to advertisers is audience, and the broadcaster’s adherence to OFCOM’s regulations on fair and balanced content, and explore how these ads came to be ‘placed’ on GBNews.</p>



<p>I’ve put ‘placed’ in quotes for a reason.</p>



<p>Imagine yourself in an agency. Unless you’re simply unaware of what’s happening in the media world (pretty weird if you’re a media person) you would have known that GBNews would be controversial.</p>



<p>That may be a good thing – audiences would have been attracted to the first evening, so why not capitalise on the curiosity value?</p>



<p>But what if your client has brands that promote certain values – values that would likely clash with the editorial on offer?</p>



<p>Wouldn’t you have perhaps waited? Explained the situation to your client and recommended holding off. Wait till things calm down, if the audience is there, and the content is in line with the client’s values then in you go.</p>



<p>If the client was prepared to forego his values for the (rather small as it turned out) spike in audience and interest then fine, the agency has done its job, the client has decided to ignore the advice and spend the budget as appropriate.</p>



<p>I strongly suspect this is not what happened.</p>



<p>What I suspect happened was that agencies handed budget over to Sky Media with zero instruction to avoid GBNews. The placement, across all of Sky Media’s channels was down to Sky Media’s audience-based algorithms. I suspect the agencies of those clients with ads that finished up on the channel didn’t bother telling them, didn’t know or couldn’t have cared less.</p>



<p>It’s all audience numbers isn’t it?</p>



<p>What happened to planning? What about aligning a brand’s values with content? This is a subject agency leaders talk about endlessly in the trade press and on conference platforms. Avoiding the issue is what happens, unfortunately when planning principles meet buying pragmatism.</p>



<p>This is a sad indictment, a microcosm of how agencies work these days. Hand the money over to a third party and let them get on with it. Algorithms over thinking on behalf of the client.</p>



<p>Meanwhile, will I be watching GBNews? I’m a busy man with grass that needs watching grow during the day, and paint that needs keeping an eye on to make sure it dries.</p>



<p>I suspect I’m not alone in not caring much beyond this week.</p>
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		<title>90% Right; 100% Wrong</title>
		<link>https://www.bjanda.com/blog/90-right-100-wrong/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Jun 2021 10:26:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1487</guid>

					<description><![CDATA[Levels of attention, what that notion means in relation to ads, and how we should go about measuring it is having a bit of a moment. Hopefully it will be a moment that lasts years as this is clearly an important issue and raises matters of principle in how we go about the business of [&#8230;]]]></description>
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<p>Levels of attention, what that notion means in relation to ads, and how we should go about measuring it is having a bit of a moment. Hopefully it will be a moment that lasts years as this is clearly an important issue and raises matters of principle in how we go about the business of placing and evaluating advertising.</p>



<span id="more-1487"></span>



<p>A couple of weeks ago <a href="https://www.bjanda.com/blog/dentsu-on-attention/">The Cog Blog reported on Dentsu work</a>; now we have a study from Ebiquity. Both use UK data from Lumen, Ebiquity add US data from TVision. Further work from the person who perhaps more than any other started this ball rolling way back when, Karen Nelson-Field has been done in Germany, Austria, Switzerland, Australia and the US, much of it shared with the <a href="https://podcasts.google.com/feed/aHR0cHM6Ly93d3cuYXNpY29uZmVyZW5jZXMuY29tL2ZlZWQvcG9kY2FzdA?sa=X&amp;ved=0CAIQ4aUDahcKEwjQwo-O64zxAhUAAAAAHQAAAAAQAQ&amp;hl=en-GB">asi community via podcasts</a> and their <a href="https://www.asiconferences.com/conference-programmes/">annual conference</a>.</p>



<p>The Dentsu work seemed to involve a number of vendors, including Facebook in its planning and implementation. I suspect, and Dentsu can easily correct me by commenting, that the bulk of the cost was borne by these sales organisations too. Whether that matters in terms of the findings and how they’re presented is up to users to decide.</p>



<p>The Ebiquity work was I believe independent of any vendor or indeed agency involvement.</p>



<p>Regardless, we are now getting to the stage where there is much public information and data swilling around, much of it consistent from Lumen, TVision and Karen Nelson-Field’s Amplified Intelligence.</p>



<p>Discussions around attention to advertising, or rather lack of attention are hardly new. I recall a study from the early 1980’s (although ‘study’ may imply a certain rigour that wasn’t there) involving JWT’s then Creative Director, Allen Thomas calculating how many ads he was exposed to over a typical day, and how many he remembered at the end of the day.</p>



<p>Several thousand, and about 4 were (if I remember correctly) his conclusion.</p>



<p>With apologies to the late, great Allen we now have a rather more technically robust, research-y way of getting to much the same findings.</p>



<p>The fact is, as we’ve always known people have ‘opportunities to see’ a shed-load of messages and remember very few.</p>



<p>I also remember the great Mike Yershon telling me that first in break, in the first break of the first episode of a new series was the greatest builder of attention you could find (in large part because of the number of light commercial TV viewers attracted to something new).</p>



<p>One debate at the time centred around whether it was better to be in a programme environment of great viewer involvement, on the basis that nobody left the room during the commercial break for fear of missing something, or whether that was hogwash as the break offered the only viable opportunity to do something else for a few minutes.</p>



<p>If you believed the latter then a less-involving editorial context appealed as you just stayed put and did whatever the old-days equivalent of fiddling with your phone was (picking up a copy of ‘The Radio Times’?).</p>



<p>What we now have is the technical wherewithal to start to answer a number of questions like this, and their modern equivalents.</p>



<p>Is there a platform effect – does Facebook per se deliver a less-attention-grabbing environment than YouTube? Is there a difference between different elements of FB (yes, according to Dentsu)?</p>



<p>Does comedy attract and hold attention more than drama? Does this apply to ad copy? Does it correlate with pre-test findings?</p>



<p>Do stars attract and hold attention more than mere mortals, and if so what sort of stars?</p>



<p>What about pure audio? Or audio consumed as one element of a video message (hearing an ad whilst not in the room, for instance)?</p>



<p>How about print, OOH, and static online ads, and how they’re laid out and designed?</p>



<p>And eventually someone’s going to work out a way of quantifying the potentially greatest attention-grabbing medium of them all – cinema.</p>



<p>Next week The Attention Council is hosting a summit of the great and the good from the attention measurement community. It will be well worth a look.</p>



<p>I was always taught that it was better to be 90% right than 100% wrong. On that basis we should not get too bogged down in technical arguments (which need of course to go on in parallel) but rather go in search of pragmatic and actionable solutions.</p>
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		<title>Dentsu on Attention</title>
		<link>https://www.bjanda.com/blog/dentsu-on-attention/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 27 May 2021 11:15:36 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1484</guid>

					<description><![CDATA[There was a time when Carat was head and shoulders above every other media agency. Even their competitors said so. There were two main reasons for this: first, they were the biggest, and by a street the most entrepreneurial, as the original network was created by purchasing the leading media independent in each European market. [&#8230;]]]></description>
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<p>There was a time when Carat was head and shoulders above every other media agency. Even their competitors said so. There were two main reasons for this: first, they were the biggest, and by a street the most entrepreneurial, as the original network was created by purchasing the leading media independent in each European market. And secondly they spent more on research and tools than anyone else.</p>



<span id="more-1484"></span>



<p>They may no longer be the biggest, or indeed independent as these days of course they’re a part of Dentsu but their investment in tools and research is still to be admired.</p>



<p>The latest manifestation of this is Dentsu’s work on attention. This has been going on for a few years under the catch-all title of The Attention Economy, involving the leading attention-measurers the UK’s Lumen, TVision out of the USA and Amplified Intelligence from Australia.</p>



<p>This week the agency unveiled its latest work, part of a multi-year journey designed to highlight the importance of attention in media planning and (eventually) buying. <a href="https://mediatel.co.uk/news/2021/05/27/dentsu-forget-viewability-and-focus-on-attention-in-online-media-buying/">Mediatel carried a piece today</a> highlighting the work.</p>



<p>So – all credit to them for the ambition, the consistency and what I would guess is a not inconsiderable investment.</p>



<p>But (and you knew there was going to be a but) the work unveiled this week does pose several questions unanswered, one even unasked in the webinar’s Q&amp;A.</p>



<p>The first, the question posed on the Q&amp;A screen but not asked of the panel (I apologise for not noting the name of the person asking it) related to how the agency saw their data being used within the walled garden approach to data adopted by Facebook and others.</p>



<p>This is significant as Facebook are it seems ‘partnering’ with Dentsu. I’m not sure what that means exactly although I can hazard a guess. Certainly watching Mike Follett of Lumen present slides that talked up the importance of what are according to the MRC guidelines ‘unviewed’ views, and very short exposures to messages made this cynic wonder about the exact role and influence of the partner.</p>



<p>But putting cynicism aside for a moment, it’s right and proper to note that Dentsu along with other agencies are all over the topic of cross media measurement, as being explored by ISBA’s Project Origin and others.</p>



<p>This UK attention work from Lumen is all about ads on mobiles. Certainly collecting data on ads viewed on mobiles is important but in a cross media age so too are ads seen on TV, news-sites, in audio, on OOH and the rest.</p>



<p>The question is (and to his credit Jonathan Waite from Dentsu did have a go at this one) surely the attention paid to a brand’s ad on (let’s pick a platform at random – Facebook) is influenced by (again, taking a medium at random) the same brand advertising on TV? That influence is likely to be considerable.</p>



<p>The Dentsu response mentioned their involvement in a future study with TVision who do indeed measure head movements in front of TV sets, in the US. Yes, the use of multiple media forms is a key influence on attention, but at this point it’s hard to do this in the UK, came the response.</p>



<p>It may be hard but Yan Liu from TVision and Karen Nelson-Field of Amplified Intelligence will tell you it is absolutely possible (we’re not that weird over here..) and can be done should Dentsu or anyone else want to do it.</p>



<p>Plus, Neil Mortenson of ITV in the UK presented a fascinating paper as a part of the asi event last November that touched on the topic.</p>



<p>Of course, Karen Nelson-Field’s work, along with ITV’s may not make either best mates with Facebook, but this is a Dentsu project, not a Facebook one.</p>



<p>Isn’t it?</p>
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		<title>Time to Grow Up</title>
		<link>https://www.bjanda.com/blog/time-to-grow-up/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 May 2021 11:03:46 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1479</guid>

					<description><![CDATA[Ever since early man emerged from his cave, invented fire and wondered aloud how he was going to spread the word of his wondrous invention to others, those responsible for doing the word-spreading have considered themselves hard done-by. Agencies feel advertisers underpay them. They feel that their true worth is under-valued. They feel misunderstood, under-appreciated. [&#8230;]]]></description>
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<p>Ever since early man emerged from his cave, invented fire and wondered aloud how he was going to spread the word of his wondrous invention to others, those responsible for doing the word-spreading have considered themselves hard done-by.</p>



<p>Agencies feel advertisers underpay them. They feel that their true worth is under-valued. They feel misunderstood, under-appreciated. They always have, they probably always will.</p>



<span id="more-1479"></span>



<p>Weirdly though they rarely feel any of these things so strongly as not to pitch (although <a href="https://redbeecreative.medium.com/clients-also-have-a-responsibility-for-the-mental-health-of-their-agencies-f186d962a2a8">credit to Red Bee</a> for doing just that). It’s unusual to read of an agency resigning business.</p>



<p>Complaining about clients was always part of the zeitgeist, along with having fun spending time with like-minded souls in a creative, relaxed atmosphere. Yes, the hours were long, but (back then) so were the lunches.</p>



<p>But that was then and this is now. Now, advertising is not liked, and largely not enjoyed. It’s synonymous with being chased around the web, being unable to read an online article because of all the interruptions, <a href="https://twitter.com/Gasp_4/status/1394194291443085312">all the black holes</a>.</p>



<p>The long hours are still there though; the macho behaviour that leads some mid-level exec to keep some impressionable junior hanging around just in case he (the mid-level exec, and shamefully usually a he) might want something photocopying.</p>



<p>There is still a sense that bad behaviour can be tolerated as this is an industry that everyone wants to get into, so sit there, do as you’re told, and cancel your plans otherwise you’ll just be replaced with the next cab in the rank.</p>



<p>But these days it’s not quite like that. Back in the days of the old university runs, agencies were able to pick from the brightest and the best creative minds. Now that’s not so true.</p>



<p>In today’s adland the hours are still crazy, it’s not so much fun, the industry is less socially admired and agencies are still underpaid.</p>



<p>And yet somehow, <a href="https://www.campaignlive.co.uk/article/adlanders-work-long-hours-clients-dont-pay-agencies-enough-money/1715745">according to the Chairman of D&amp;AD</a> this is all the clients’ fault.</p>



<p>I disagree. This is very largely (I say 100%, others whose opinions I value put it at 80%) our own fault. We manage the agencies; we put in place the structures and the pay grades, we set the culture, we establish the standards and the rules.</p>



<p>If agencies were truly delivering to their clients’ business needs, if they were recognised as valuable business partners then surely the longer they worked the more they should get paid?</p>



<p>The truth is that for decades agencies have failed to get their hard work recognised by Boards; they are still seen as the guys who do the pink fluffy bit / beat up the media owners to get us a great deal (delete where appropriate).</p>



<p>How many CEO’s truly know anything about their agency? They may know Sir Martin Sorrell, but truly how many know anything about the agencies they hire?</p>



<p>Now ask the same question of their appointed management consultancy. Or accountants. Or lawyers.</p>



<p>We might start by asking ourselves why might that be? Could it be because we have failed to make the case to the right people that what we do is of real, demonstrable value to the business. We don’t do enough to quantify it. We haven’t sold it in.</p>



<p>That’s not to say we don’t have the data – the Binet and Field work aside there is a mass of evidence stretching back to my old mentor Simon Broadbent and beyond.</p>



<p>But which CEO’s have ever seen that work? Aside from a one-off ‘thought you might be interested in this’ presentation.</p>



<p>We know that advertising needs frequency to work. So why aren’t we banging the drum over and over?</p>



<p>Why do we focus on winning what we are pretty sure will be loss-making accounts? Does our position in the new business league table trump everything else? Do we really believe that any client looks at those tables and says ‘get me the biggest new business winner of the year, they must be doing something right’?</p>



<p>Why isn’t our trade press full of business leaders praising the role that advertising has played in their success? Stories that make the case for great advertising. Stories told by CFO’s, CEO’s.</p>



<p>We need to do this again and again. Not ‘just’ when the effectiveness awards are handed out but week in, week out.</p>



<p>We should celebrate the role that we can and do play in building business.</p>



<p>We should be at the universities, the business schools promoting advertising in this way – not as a fun way to spend your time but as a way to build your client’s business using creativity.</p>



<p>We should behave like responsible employers, investing in our staff, paying them properly, mentoring them, helping them find the right work-life balance. We should say no to rapacious clients wanting the earth for nothing.</p>



<p>We should resign such business and go public as to why. Yes, some do this, but they’re few and far between.</p>



<p>We should praise great clients publicly. We should build a sense that great clients contribute to and get great advertising that builds businesses; bad clients just waste money.</p>



<p>We should, to be frank take responsibility and grow up.</p>
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		<title>Big Picture</title>
		<link>https://www.bjanda.com/blog/big-picture/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 13 May 2021 10:41:14 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1477</guid>

					<description><![CDATA[We’ve all seen the chart, witnessed the presentation, heard the wails. Why do TV’s detractors always show an old-fashioned small screen encased in a wooden cabinet? What about the new technologically advanced 50” flat screen, hooked up to the home’s wifi that does everything, including making the tea in the morning (if only..)? We all [&#8230;]]]></description>
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<p>We’ve all seen the chart, witnessed the presentation, heard the wails. Why do TV’s detractors always show an old-fashioned small screen encased in a wooden cabinet? What about the new technologically advanced 50” flat screen, hooked up to the home’s wifi that does everything, including making the tea in the morning (if only..)?</p>



<span id="more-1477"></span>



<p>We all know why, of course. The online players needed to position TV as yesterday’s medium and themselves as new and wizzy.</p>



<p>Yet the report commissioned by the ISBA from <a href="https://www.endersanalysis.com/reports">Enders Analysis</a> paints a scary picture of the commercial side of TV being stuck in the dark ages, or the 1970s as those of us who lived through them like to call them.</p>



<p>Yes, audiences have changed. How they watch video has changed. What they watch on has changed. Where they watch has changed. But the way that the industry buys and sells airtime is depressingly recognisable to old gits like me.</p>



<p>Airtime buying and selling is the equivalent of the old cathode ray set. It’s rather like the music business refusing to accept that much listening is done via streaming, or newspaper editors believing that this online thing was a passing fad.</p>



<p>One day the record industry turned round and saw the business had left them behind. The day dawned when grizzled newspaper sales guys realised that their future lay in the hands of those young guys they’d given online to as a toy to play with whilst the serious business was done as it had always been in the ski chalets and in print.</p>



<p>As <a href="https://www.bjanda.com/blog/planning-stuff/">we said last week</a>, Enders is predicting a serious fall in ad revenue unless something changes.</p>



<p>Since then, <a href="https://mediatel.co.uk/news/2021/05/12/mandate-for-change/">Phil Smith from ISBA</a> and <a href="https://mediatel.co.uk/news/2021/05/12/ritson-warren-sorrell-the-return-to-work/">Bob Wootton, ex of ISBA</a> have added their perspective and weight.</p>



<p>And Nick Manning, whose original Mediatel piece we featured last week has given <a href="https://www.asiconferences.com/asicast-122-tv-planning-and-buying-the-argument-for-change/">an interview to me as part of the asiCast series</a> expanding on the issue.</p>



<p>Nick makes the point well in the interview that advertisers are the ones now driving change. The agencies are strangely quiet when it comes to debates over trading – no doubt because the largest have a considerable vested interest in maintaining the status quo of share deals and the rest for as long as they can.</p>



<p>The broadcasters have a tricky problem. On the one hand their largest customers are the large agencies. On the other they have a bank of wisdom, knowledge and insight called Thinkbox directing them down a clear path towards a focus on advertisers’ business outcomes.</p>



<p>This crystallises the dilemma facing the broadcasters. TV has always been seen primarily as a buyers’ medium in how it’s traded and thus how it’s measured and researched. Now it needs to transition into a medium for planners, with all that that implies for how TV plans are activated and how its measurement and research evolves.</p>



<p>Beneath it all, TV is still a wonderful ad medium – the best ever invented. But it now comes in multiple flavours. It’s not that it’s dying, it’s more that it’s having babies (to quote Tess Alps).</p>



<p>Babies grow up, find their feet, get educated, leave home, and start working. The parents that hang on to the past, hoping that things will never change and refusing to let go end up disappointed (and probably broke).</p>



<p>The broadcasters are still a major force. Of course they face new challenges, but they have the tools and the wits to overcome them.</p>



<p>They need to use both, fast.</p>
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		<title>Planning Stuff</title>
		<link>https://www.bjanda.com/blog/planning-stuff/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 06 May 2021 10:56:45 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1473</guid>

					<description><![CDATA[Disclosure: BJ&#38;A is a Co-Founder of Crater Lake and Company mentioned in this post. Let’s talk about planning. Even better, let’s be clear what we mean by the word, then let’s talk about it. Way back when, media agencies decided it was essential to rise above the perception (amongst their clients) that their true value [&#8230;]]]></description>
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<p><strong><em>Disclosure: BJ&amp;A is a Co-Founder of <a href="https://www.craterlakeandcompany.com/">Crater Lake and Company</a> mentioned in this post.</em></strong></p>



<p>Let’s talk about planning. Even better, let’s be clear what we mean by the word, then let’s talk about it.</p>



<span id="more-1473"></span>



<p>Way back when, media agencies decided it was essential to rise above the perception (amongst their clients) that their true value lay in buying media, cheaply. What they needed was for clients to value them differently and appreciate the range of services they could provide.</p>



<p>One step was to rebrand media planning as ‘communications planning’.</p>



<p>This was a smart in that buying media cheaply was something that couldn’t hope to command a premium fee if it was all that the client thought you did. Everyone was doing it, everyone could claim they were doing it better than the next guy, and everyone was undercutting everyone else.</p>



<p>Plus the era of greater transparency was dawning and eventually machines were likely to be able to do large chunks of the job. Focussing on buying was not a long-term plan.</p>



<p>Comms planning, on the other hand was all about integration, sitting at the centre of a wheel with spokes reaching into all kinds of areas (and budgets) including PR, sponsorship, product placement, events, and experiential as well as advertising.</p>



<p>This was the promised land of consultancy, sitting at the client’s right hand. Respect and fees were high. Some agencies sought to draw parallels with management consultancies (whilst not hiring at consultancy salaries).</p>



<p>There was though one major problem.</p>



<p>No-one in agencies had a clue how to deliver it, nor were the tools there to assist.</p>



<p>Agencies fully understood the benefits of integration. They were great at ensuring that the advertising tied in with other marketing activity. And brilliant at stunts.</p>



<p>What we were (and I suspect still are) less good at is planning these things, once we accept that ‘planning’ is about more than working around the timing of pre-committed activities.</p>



<p>Planning campaigns that involve more than advertising, splitting budgets between ads, events, PR and the rest to arrive at an optimal plan has always involved a mix of the diplomatic and the technical, where the technical bit is lacking.</p>



<p>Intra-media planning is firmer ground, which is why building a framework to measure all video, or systems to mix print and online versions of print are all the rage. It’s also vital.</p>



<p>Take video as an example. As this week’s Enders report (<a href="https://mediatel.co.uk/news/2021/05/05/actioning-enders/">summarised here</a> by Nick Manning) suggests, whilst TV viewing is doing well, TV advertising is not. Enders suggests a possible decline by 2027 of between £364 million and £1.35 billion.</p>



<p>Enders make the point that TV advertising is still rooted in trading concepts like share deals, station average price, and contract rights renewal.</p>



<p>Share deals and SAP date back at least to the 1970’s; CRR to 2003.</p>



<p>If TV advertising is going to flourish it needs to remind those in advertisers and their agencies of the effectiveness of the medium. Audience size and cost was once a proxy for effectiveness.</p>



<p>Today we are starting to develop the tools that support the hypothesis that effectiveness is as much to do with how people receive the message, where, when and on what screen. Plus we increasingly link activity to business outcomes.</p>



<p>To maximise effectiveness these days involves smart planning, supported by great buying.</p>



<p>In broadcast, Thinkbox are world class. Their masters should listen to them more and to the big buyers with their share deals and their prices v SAP less.</p>



<p>Meantime the labyrinthine task of sorting out cross-video measurement should be seen (and promoted) as a crucial first step towards integrated communication planning.</p>



<p>This is where research businesses like <a href="https://www.meshexperience.com/">MESH Experience</a> come in. MESH tracks exposure to all brand communications, and the impact each has on brand perceptions. Not just advertising; all brand communications across all touchpoints.</p>



<p>MESH is a Co-Founder of <a href="https://www.craterlakeandcompany.com/">Crater Lake and Company</a> combining the data they collect with the predictive modelling capabilities of fellow Co-Founder <a href="https://custometrics.com/">Custometrics</a>. &nbsp;The outcome are narratives that guide those charged with creating integrated plans.</p>



<p>Integrated, not ‘just’ advertising, and based around outcomes, not outputs; business results not impressions, likes or followers.</p>



<p>Plans based on neutrality, not agency in-fighting.</p>
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		<title>Half a Century</title>
		<link>https://www.bjanda.com/blog/half-a-century/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 29 Apr 2021 09:14:21 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1468</guid>

					<description><![CDATA[I have been doing this (whatever ‘this’ is) for a long time. In fact, it only struck me recently that I’ve been at it (whatever ‘it’ is) for more than half a century. I would have to be exceptionally stupid or maybe just arrogant not to have picked up one or two lessons along the [&#8230;]]]></description>
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<p>I have been doing this (whatever ‘this’ is) for a long time. In fact, it only struck me recently that I’ve been at it (whatever ‘it’ is) for more than half a century. I would have to be exceptionally stupid or maybe just arrogant not to have picked up one or two lessons along the way.</p>



<span id="more-1468"></span>



<p>I remember sitting in a 1970’s meeting once at an ad agency discussing a cosmetic product (I think it was a nail polish remover) with the client when one of my creative colleagues (Jane Barry was her name, an outstanding writer) said she had noticed that the product was particularly good at cleaning intricate pieces of jewellery. She went on to suggest a new brand, marketed on this basis.</p>



<p>To this day I recall my reaction was something like: ‘Are we allowed to suggest things like that? I thought we did ads.’</p>



<p>The point is of course that we are ‘allowed’ to suggest anything that might improve the client’s business.</p>



<p>I once won a piece of business for my agency and finished up account directing a multi-award winning TV commercial. I was the head of media research at the time. The client was a newspaper (I knew about them), and I was lucky to work for an agency that didn’t see job titles as restrictions.</p>



<p>Don’t feel restrained just because you’re a media guy, or a market researcher. Good ideas can and do come from anywhere.</p>



<p>When I started working internationally I got invited to all sorts of grown-up internal agency meetings. One, held in the US was to discuss the agency’s evolution from ad agency to a total comms business, producing work for all channels, advertising and non-advertising based around ‘the big idea’.</p>



<p>It struck me in this meeting that rather than listening to pearls of wisdom passed down from our US lords and masters (all of which were of course ad-based) we would be better off hearing from some of our smaller offices who had had to diversify to survive, ad budgets being what they were.</p>



<p>So I said so, no doubt rather too loudly and too often.</p>



<p>Never limit yourself when it comes to learning lessons. The smallest office can teach the largest a lot; the most junior executive can bring you insights that you, on your lofty perch will never normally get to hear unless you occasionally descend and walk the floors.</p>



<p>And always speak up. If you’re considered sufficiently knowledgeable to be in an important meeting then your views and opinions are worth as much as the next guy’s. Someone thought you should be there; be confident in your own abilities.</p>



<p>The same principle applies to public gatherings. It’s never easy to stand up and ask a question, but assuming you want to know something just get up and do it. Make yourself be noticed.</p>



<p>After all, standing out, building awareness and reach are principles we preach to our clients. Apply them to your own personal brand.</p>



<p>I was once faced with a situation when a TV buyer literally forgot to buy a campaign on one small region of the UK. Clearly it was a dreadful mistake; the buyer spotted it but only after a few days had gone by, when the audience and ad data was released. He was distraught.</p>



<p>I was the guy in charge. I called the client myself and admitted the mistake. It would have been easy to have blamed the TV station, the systems, any number of external factors. It was I thought better to come clean, take responsibility and admit we had screwed up.</p>



<p>The call wasn’t easy but the client, having rightly yelled at me worked with us to resolve the issue. We survived with I think a stronger relationship than if we had not been honest and subsequently been found out.</p>



<p>Far better to be honest and transparent. If you find that you can’t make money on a client’s business, steel yourself, sit down and have the tough conversation. Take the client through the numbers, be clear and together work to solve the issue.</p>



<p>I know some feel this is naïve, that procurement won’t wear it, and that it’s better to make the money up somehow without the client knowing. Believe me I am more than familiar with these arguments.</p>



<p>I once had to give evidence under oath at a US Securities and Exchange Commission enquiry into alleged agency malfeasance, and I was a lot more comfortable knowing I had done the honest thing throughout as opposed to having to remember what I had said to who, when.</p>



<p>Be enquiring, never stop learning, remember good ideas come from anywhere, and do the right thing however hard it might be at the time.</p>



<p>And, have fun. I did. I am.</p>
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		<title>In or Out Housing</title>
		<link>https://www.bjanda.com/blog/in-or-out-housing-2/</link>
					<comments>https://www.bjanda.com/blog/in-or-out-housing-2/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 22 Apr 2021 12:32:10 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1464</guid>

					<description><![CDATA[In-housing is in the news. ‘Campaign’ has carried several stories around brand owners joining the ‘In-house agency club’; the magazine’s esteemed Editor-in-Chief, Gideon Spanier has written that this phenomenon is ‘here to stay and growing’. Weirdly it was only last week that the Cog Blog was chuntering on about how good we are at polishing [&#8230;]]]></description>
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<p>In-housing is in the news. ‘Campaign’ has carried several stories around brand owners joining the <a href="https://www.campaignlive.co.uk/article/three-joins-in-house-agency-club/1713135">‘In-house agency club’</a>; the magazine’s esteemed Editor-in-Chief, Gideon Spanier has written that this phenomenon is <a href="https://www.campaignlive.co.uk/article/in-housing-stay-growing/1712377">‘here to stay and growing’.</a></p>



<p>Weirdly it was only last week that the <a href="https://www.bjanda.com/blog/guilty-pleasures/">Cog Blog</a> was chuntering on about how good we are at polishing up new ideas and reinventing the wheel. So, let’s look at the history, and the pros and cons of clients doing it for themselves.</p>



<span id="more-1464"></span>



<p>If you were a TV buyer in the 1970’s and early 1980’s your favourite ‘client-you-loved-to-hate&#8217; was Procter and Gamble (I should add that P&amp;G might have been one of only very few, but they weren’t unique. It’s simply that I grew up on their business so know them best).</p>



<p>P&amp;G did their own TV buying. They had an in-house team (led by the formidable Bernard Balderston), which would even buy down to the spot level and would then FAX the agencies what spots they had bought. The agency would then enter the buys onto their systems, thus making it possible to claim the commission.</p>



<p>Procter also developed a brilliantly simple argument to use in negotiations. They believed fundamentally that TV advertising worked; so more TV advertising worked better. They allocated regional TV budgets on the basis of share of sales – if your region generated 10% of sales you got 10% of the money.</p>



<p>So – if you give us a cheaper deal we’ll end up with more advertising that will generate more sales and more budget for you next time.</p>



<p>The ‘jam tomorrow’ tactic, in other words.</p>



<p>P&amp;G were masters of the in-house approach. Over time, maybe even at the same time Nestle, Mars, Unilever were doing something similar. Unilever had, way before then started an internal agency which became Lintas (Unilever, or maybe Lever Advertising Services).</p>



<p>Years later Unilever were amongst the original funders of Brainjuicer, the research company now known as System 1. Investment in expertise comes in many flavours.</p>



<p>This bringing stuff in-house wasn’t confined to the UK. There was an agency in Holland called (I think) Kobalt that was owned by a consortium of advertisers lead if memory serves by Heineken. Mercedes Benz started Debis in Germany. Both closed rather fast.</p>



<p>In-housing isn’t new but it’s improved and evolved. It’s no longer purely about buying cheap stuff, and it’s no longer loathed as a concept by the agencies, some of whom (Oliver being the best example) have embraced the idea and are working to help clients set up strong in-house models.</p>



<p>The best in-house teams improve planning by ensuring that the client’s proprietary first-party data is available, and used. Many are by definition fleeter of foot than any agency when it comes to reacting to social media.</p>



<p>All of the in-housers – and this is surely the defining factor – take media at least and often beyond media to embrace all aspects of communications seriously and see it as a key business driver.</p>



<p>After all, most Boards will likely believe their own people, their own experts over what they see as a justification of their existence by their agencies.</p>



<p>There are naturally cons too.</p>



<p>In-house operations aren’t always that objective. Who, after all tells them they’re doing a poor job?</p>



<p>Most comments in the public domain from in-house teams talk of how much they’ve saved (hardly surprising given the fees saved and the lack of identifiable costs), and how wonderfully integrated life is. Mostly this is hogwash.</p>



<p>Others see this type of organisation as a stick to beat the agencies (Lloyds’ comment that <a href="https://www.campaignlive.co.uk/article/really-true-no-one-write-advertising-agencies-more/1711998">‘no-one in agencies can write these days’</a> was misinterpreted but it can’t have added a lot to agency / client trust).</p>



<p>Then there’s the career path matter. If you’re a media guy in an agency you have a clear route ahead, with options along the way. If you’re an in-house media guy at a client your options may well be more limited. One route is to move up the marketing ladder at your organisation (or at another client), but your skills may not prepare you for that. Or move to a sales house or agency – which few do successfully.</p>



<p>Then there’s the term itself. In-housing isn’t a great descriptor, suggesting as it does something divorced from agencies, something limiting, even something anti-agency.</p>



<p>Far better to see what is happening at these advertisers as one element within a digitally-led transformation of their marketing operations, as a result of which certain (but not all) marketing decisions are taken faster, smarter than going through a briefing / meeting / responding / redrafting system.</p>



<p>Not as snappy a headline though, I’ll give you that.</p>
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		<title>Guilty Pleasures</title>
		<link>https://www.bjanda.com/blog/guilty-pleasures/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Apr 2021 13:48:22 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1462</guid>

					<description><![CDATA[I admit I do spend an inordinate amount of time scouting marketing experts’ posts on LinkedIn and the rest for new ideas, and these peoples’ opinions on old ideas. If I’m being paid for my opinion on something I like to think it’s important to stay as current as I can be (how else am [&#8230;]]]></description>
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<p>I admit I do spend an inordinate amount of time scouting marketing experts’ posts on LinkedIn and the rest for new ideas, and these peoples’ opinions on old ideas. If I’m being paid for my opinion on something I like to think it’s important to stay as current as I can be (how else am I going to find things to rant about on here?). But as well as that I have to admit to enjoying seeing old thoughts resurrected, polished up and presented as the latest shiny thing.</p>



<span id="more-1462"></span>



<p>These days posting thoughts online is a little like the question of whether a tree falling in a forest makes a sound.</p>



<p>If you know something, it’s not enough just to know it, you have to broadcast the fact that you know it on social media. Unless and until you do that, you may as well not have gone to the trouble of knowing it in the first place.</p>



<p>Then you gather hundreds or thousands of comments from those praising you for thinking of something that if truth be told has been known for an age. At least you’re spreading the word, sharing the knowledge around (wherever it comes from).</p>



<p>In this way you build your reputation. It’s how you sustain yourself, how you know you have a professional life.</p>



<p>This may sound un-necessarily bitchy but there is a serious point to be made.</p>



<p>If you look around the industry you see people doing things that experience tells you won’t end well. These may be huge and consequential or small and only annoy obsessives like me.</p>



<p>Take personalised advertising (as the old joke goes, please do).</p>



<p>The sales story is easy: consumers like to see ads that are relevant. The data we have on who’s consuming media forms can now be taken to the n’th degree of granularity. So let’s offer up smaller and smaller audiences and thus personalise the messages they see.</p>



<p>There is such an obvious flaw in this that it’s embarrassing to point it out.</p>



<p>Consumers like to see ads that are relevant. This means the content has to be relevant. The timing has to be relevant. Whether one other person sees it, or 10 million others see it is irrelevant to my liking of the ad.</p>



<p>The size of audience may do lots of other things – like making it easy to amplify the message, but at the point that I’m reached I really don’t care.</p>



<p>No consumer ever saw an ad and said: ‘I hate that media plan.’</p>



<p>The whole point of personalisation is around the creative. Not the media plan.</p>



<p>This is as old as the hills. We’ve had personalised comms channels ever since someone invented speaking.</p>



<p>If I’m told something by someone I trust, and if the message is appropriate to me, I’ll likely react to it. ‘Trust’. ‘Appropriate’. Two key planks in any successful ad campaign.</p>



<p>And yet the likes of LinkedIn is full of people who it seems have only just worked this out. ‘Personalisation is all about personalising the message…’ ‘You need to look beyond the media reach amongst an ever-more segmented audience to the nature of the message’. Duh.</p>



<p>Take online tracking – following consumers around the web. Take retargeting. Take excessive frequency levels. Take dodgy audience figures that need to be revised when no-one is (hopefully) looking.</p>



<p>These things are so clearly bad ideas and are seen to be so by anyone with an iota of experience in advertising.</p>



<p>The only people who think these are good ideas are the geeks, those for whom a very big gross number is always more important than the message conveyed. And who have worked out that a bit of adjusting of audience numbers will be forgotten long before the image that this thing has been seen by half the people on the planet.</p>



<p>Those who lead and those who advise the tech companies and the giant platforms should listen not only to the accountants and the management consultancies but also to those who’ve built successful careers understanding, and communicating effectively with consumers.</p>



<p>Learn from the mistakes of others – they’re all around us.</p>



<p>PS Thanks so much for all the generous good wishes, ideas and thoughts following last week’s post on <a href="https://www.craterlakeandcompany.com/">Crater Lake</a>. You’ll notice us cranking up our SM presence but in the meantime check out <a href="https://www.craterlakeandcompany.com/blog">the blog post</a> on the site (and our lovely photos). We’re open for business.</p>
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		<title>Something New &#8211; Introducing Crater Lake &#038; Company</title>
		<link>https://www.bjanda.com/blog/something-new-introducing-crater-lake-company/</link>
					<comments>https://www.bjanda.com/blog/something-new-introducing-crater-lake-company/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Apr 2021 10:57:03 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1455</guid>

					<description><![CDATA[In 7 years of weekly posts I’ve never promoted anything in which I’m involved. Until now. This week three colleagues and I are pleased to announce the birth of a new business, a collective that pulls together market research, data analytics, media planning and measurement and creative strategy, and from the mass of data, insights [&#8230;]]]></description>
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<p>In 7 years of weekly posts I’ve never promoted anything in which I’m involved. Until now. This week three colleagues and I are pleased to announce the birth of a new business, a collective that pulls together market research, data analytics, media planning and measurement and creative strategy, and from the mass of data, insights and thinking delivers a cohesive story, a single clear narrative. <a href="https://www.craterlakeandcompany.com/">We are Crater Lake &amp; Co</a>.</p>



<span id="more-1455"></span>



<p>One thing that has always fascinated me about this business is how much all sides agree on the big issues the industry faces. We may see the problem from different perspectives, we may all have different solutions but we generally all agree that whatever it is exists.</p>



<p>Whether you’re a creative agency, a tracking study partner, a media agency, a market modelling business, a design business, a PR outfit, an adtech supplier or a client marketing manager one key theme keeps re-occurring.</p>



<p>You can call it the need for greater collaboration; the requirement that we all pull in the same direction; the need for integrated thinking. Whatever you call it, we simply don’t have it, don’t do it and yet we all recognise its worth.</p>



<p>It’s not just down to structure and organisation (after all, the full-service creative agencies of my youth weren’t exactly models of collective thinking), the reason for our failure to collaborate lies deep in a need to prove our own worth, to promote ourselves and our specialism above all others.</p>



<p>A few years ago this manifested itself in arguments over who was the client’s ‘lead strategic partner’. Everyone had a claim, which of course led to turf wars and to clients spending all their time settling disputes and putting over-ambitious partners back in their boxes.</p>



<p>As the specialisms have multiplied, and the sheer quantity of data has increased from a trickle to a gush, and as measured accountability (however you define it) has become essential so the need to work together has increased.</p>



<p>As one seasoned marketer put it: ‘I’ve got more data than ever before; and I’m more confused than I’ve ever been.’</p>



<p>It doesn’t matter where you sit, odds are you’re less well informed than all this data sloshing around suggests you should be.</p>



<p>Market research studies that stay in their siloes and are never shared with non-research partners or colleagues. Data analysts whose work never gets to creative agencies. Media agencies who are seen as buyers, as executors but whose knowledge of what data and insights lie behind the briefs that guide their buys is sketchy.</p>



<p>And then there’s the poor client, faced with more and more data, more and more specialists whispering in his ear, more pressure on his time, and more often than not a CFO who sees marketing as pink, fluffy and an expense to be cut as opposed to an investment to be managed.</p>



<p>And, at the same time coping with fewer neutral resources at his disposal, and a business that expects short-term performance whilst not linking those needs with the benefits that come from building the brand over time.</p>



<p>The four Crater Lake founders have come together because we want marketing to be understood at Board level and to be seen as an accountable driver of business. In short to succeed.</p>



<p>We are a collective: <strong>Hilary Woods</strong>, a creative agency strategist with decades of experience at BBH, Ogilvy and mcgarrybowen working on brands like American Express and Unilever. <strong>Fiona Blades</strong>, the Founder of the Real-time Experience Tracking (RET) business MESH Experience, a business she founded after spending time in brand management and agencies where she discovered that her questions on the relative performance of PR versus advertising versus in-store versus sponsorships were not being answered. <strong>David Beaton</strong>, co-Founder of Custometrics, a data analyst business built around predicting outcomes, something it’s done successfully for many years across North America. And myself.</p>



<p>We all have our specialist areas; we are all highly experienced; and we know that how clients will use us will vary.</p>



<p>We are launching with the stated aim of ‘making sense of it all’. Taking all that expensive research, all that data, all that insight and turning it into a clear narrative, a story understood by all of a business’ partners, as well as by those internal stakeholders outside of marketing.</p>



<p>We believe that there are many clients with a pile of jigsaw pieces in front of them and without the time and resources to complete the puzzle. We aim to provide the picture on the top of the box.</p>



<p>Crater Lake itself is a beauty spot in Oregon. It’s famous for the depth, and clarity of its water.</p>



<p>If you’re intrigued, and want to dip your toe in, to see what we can do for your business we would love to hear from you. You can contact any of us: in my case it’s <a href="mailto:brianjacobs@craterlakeandcompany.com">brianjacobs@craterlakeandcompany.com</a>.</p>
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		<title>Pay (For) Attention</title>
		<link>https://www.bjanda.com/blog/pay-for-attention/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 25 Mar 2021 12:38:05 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1452</guid>

					<description><![CDATA[Forgive me but today I’m going to start by reverting to examples from my past life in agencies. Remember paying a premium to be on a right-hand page within a magazine? Or to be first in break in the first break in the heavily promoted new TV drama? Or to be the last ad shown [&#8230;]]]></description>
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<p>Forgive me but today I’m going to start by reverting to examples from my past life in agencies. Remember paying a premium to be on a right-hand page within a magazine? Or to be first in break in the first break in the heavily promoted new TV drama? Or to be the last ad shown before the movie starts in the cinema?</p>



<span id="more-1452"></span>



<p>Why did we do that? (Please resist the temptation to write to me to say ‘I never paid a premium for anything, ever.’)</p>



<p>Well, obviously it was because we believed in the importance of stand-out. Or, to put it another way because we knew we had more chance attracting the consumer’s attention by being in those positions.</p>



<p>We didn’t need data – indeed (to take the magazine example) what data there was via the old reading and noting scores showed precious little difference between right-hand and left-hand pages. Yet we all paid more for RH, because we ‘just knew’. Sometimes we rambled on about logos disappearing into the gutter, but mainly we ‘just knew’.</p>



<p>The truth was it was a matter of supply and demand. Everyone wanted RH (everyone ‘just knew’), so the publisher charged more. Same with first in break – although in this case as has been pointed out to me by several eminent TV researchers there was some data squirreled away that supported the theory that audiences declined throughout the middle stages of a commercial break.</p>



<p>This week Magnetic, the trade organisation for the UK magazine industry held their annual Spark conference.</p>



<p>The session I attended featured Mike Follett from Lumen, Anna Sampson Magnetic’s Head of Research and Insight and Mike Florence, CSO at PHD, chaired by Dominic Mills.</p>



<p>You can view the session (and indeed the rest of the Spark event) <a href="https://magnetic.media/events/spark-2021">here.</a></p>



<p>Lumen has done good work on how to optimise ads (and I can imagine, editorial layout) in magazines, the major findings from which indicate that aside from anything else arresting content is key to attracting an audience to ads surrounding it, and that as a medium, magazines are consumed online at a slower pace than social media platforms.</p>



<p>Presumably because it takes longer to read arresting content than it does to scroll through random content (the reality of ‘precision targeting’ is still nowhere near the promise).</p>



<p>Mike Florence made the point that agency contracts slow the progress towards attention becoming a key planning metric.</p>



<p>He was referencing contracts with clients, not spend commitments made by his group traders to particular vendors.</p>



<p>What was strange was Mike discussing contracts as if they were things that happened to him, as opposed to happening with his input and involvement. He did go on to say that many client contracts happen at group level, which although it makes things harder must surely be a process over which as CSO he has some influence.</p>



<p>He also sought to lay some blame for this state of affairs on the auditors. His argument went – we are contractually bound into delivering a price as judged by the client-appointed auditor.</p>



<p>I hold no candle whatsoever for the old-fashioned price driven media auditors but blaming them for a clause within a globally negotiated contract agreed by the agency seems harsh.</p>



<p>I suspect, but of course cannot prove that a larger issue with building attention metrics into planning comes with squaring off group trading deals.</p>



<p>I’m with Mike (Florence) in seeing some progress as price became less of a differentiator, although to be fair this point has been made many times over the years and so far hasn’t been proved correct.</p>



<p>But the ambition must be that factors like attention become more significant in media execution.</p>



<p>Hopefully, the good work done by trade bodies like Magnetic (and there’s a lot of it about) feeds though into the trading policies of individual magazines. After all, negotiations involve two parties. Someone has to make the first move.</p>



<p>Attention is a key metric, it always was. It’s just that now we have far more proof, served up in a way that has the potential to influence how agencies plan, and indeed buy.</p>
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		<title>Media &#8211; Far Too Important &#8230;</title>
		<link>https://www.bjanda.com/blog/media-far-too-important/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 Mar 2021 14:34:24 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1449</guid>

					<description><![CDATA[When I worked in the US, the agency media director responsible for the McDonald’s business had a framed quote from the CMO on his office wall. It read: “Media is far too important to be left to media people.” I was never sure if this was meant as a compliment, or a put-down, but what [&#8230;]]]></description>
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<p>When I worked in the US, the agency media director responsible for the McDonald’s business had a framed quote from the CMO on his office wall. It read: “Media is far too important to be left to media people.”</p>



<span id="more-1449"></span>



<p>I was never sure if this was meant as a compliment, or a put-down, but what is for sure is that even then (the early 1990’s) large advertisers like Procter and Gamble, Coca-Cola, Unilever and McDonald’s took the detail of how hundreds of millions of their dollars was spent seriously.</p>



<p>There were some fearsome advertiser media directors around at the time, but their focus (like their counterparts in agencies) was on the price paid. Planning was something of an after-thought, even a post-rationalisation – indeed at my agency the US media guys were called buyer-planners, not planner-buyers.</p>



<p>I was always brought up to believe that agencies were there to advise, not merely to react. And even though we sometimes needed reminding that it was at the end of the day the advertiser’s money and thus their final decision we should never be backwards in coming forward.</p>



<p>There are certainly as many smart people in media agencies today as there used to be, but their skills may not always be aimed at the right targets.</p>



<p>New technology solutions focussed on such as optimisers, or new ways of dividing up an audience into ever-smaller segments are all very well as far as they go but we’re in danger of falling into the ‘how many angels…’ trap.</p>



<p>For example, why is extreme personalisation a good idea? There are a whole host of arguments to suggest that most of the time it isn’t. If it isn’t why bother building a system to do it?</p>



<p>All of which is a long preamble to get us back to the cross-media measurement debate.</p>



<p>This may be a lot less sexy than personalisation, but it does matter in that it improves how advertisers spend their money, not just where they spend it. In other words, a system that helps with planning decisions, to sit atop the executional buying currencies.</p>



<p>This is what the UK advertiser association, ISBA is aiming for with its Origin project.</p>



<p>Any cross-media framework has to aim at delivering something that helps advertisers decide on how best to allocate funds and effort between (say) advertising, PR, sponsorships, events and the rest, as well as between ad media forms (so, video versus online print versus search), and within media forms (so broadcast TV versus streaming versus YouTube, TikTok and the rest).</p>



<p>Origin is following a pyramid approach; the ISBA team started off focussing on within-video, and now, through the inclusion in the project of non-video players (like the PAMCO / Ozone axis) are broadening from that base</p>



<p><a href="https://www.bjanda.com/blog/whither-cross-media-measurement/">A couple of weeks ago</a> I was rather cynical about Origin. Although I’ve never doubted the ambition, I questioned whether or not the funding was in place to deliver, and as a result whether the trade body had access to the right resources.</p>



<p>ISBA, in the form of their DG, Phil Smith and the Origin project lead, Richard Halton provided a useful update.</p>



<p>The ISBA team talks of a vision along the lines of a Greek temple, with the currency measures delivered by the JICs as the pillars and the cross-media framework as the lintel at the top.</p>



<p>Significantly, Origin now has 25 advertiser supporters, up from 6, as well as an involvement from GroupM, Omnicom and Publicis. Funding is improving, as advertisers realise that they need to pay for the work. Progress is being made in what I can well imagine must be a challenge with the JICs, specifically BARB and their broadcast masters.</p>



<p>The whole cross-media debate started and continues as an attempt to meet a very real advertiser need. In this it is entirely different from the JICs, which exist primarily to meet media owner needs.</p>



<p>It is foolish to see one as replacing the other but we do need to raise our eyes above measuring impacts / exposures / ratings.</p>



<p>You don’t dump something that works well; but at the same time you don’t limit your ambitions to keeping on doing the self-same thing, even if you do it more efficiently or technically better.</p>



<p>Audience measurement has had a limited ambition for ever.</p>



<p>It’s time to think bigger. The future of audience measurement is too important to be left to the audience researchers.</p>
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		<title>Balance</title>
		<link>https://www.bjanda.com/blog/balance/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 12 Mar 2021 09:27:08 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1446</guid>

					<description><![CDATA[We are living in a binary world. Black or white. Left or right. Hero or zero. Win or resign. We always used to decry the very idea of grey (our ex-PM, John Major was ridiculed for being ‘grey’) but right now the middle, the more tolerant, the compromise are all looking more and more appealing. [&#8230;]]]></description>
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<p>We are living in a binary world. Black or white. Left or right. Hero or zero. Win or resign. We always used to decry the very idea of grey (our ex-PM, John Major was ridiculed for being ‘grey’) but right now the middle, the more tolerant, the compromise are all looking more and more appealing.</p>



<span id="more-1446"></span>



<p>The media world fuels these divisions. Some hate, some love the BBC (often for the exact same reasons). To some, Fox News is a destroyer of all that’s decent, to others it’s a fearless speaker of truth. Your favourite newspaper columnist or radio talk show host may to you appear as a beacon of light challenging the status quo, but to others he or she is a bigoted idiot.</p>



<p>This last week alone we have had numerous examples of conflicting opinions. Coverage of the Prince Harry / Meghan Markle interview, the UK ex-editor turned broadcaster Piers Morgan’s views expressed on a mainstream TV show, and comment from the Society of Editors (‘the UK press is not racist or bigoted’ versus the opposite view expressed by a raft of, ahem, editors and journalists who make up their membership).</p>



<p>The media world is either ‘biased’, or reflects the true debate taking place in many countries.</p>



<p>As ad people, should we care that some of our TV stations, radio broadcasters, newspapers and websites are becoming so polarised? Should we mind if news is manipulated, with clearly fake stories being created to promote a particular interest or point of view?</p>



<p>Does it matter that the social media platforms continue to provide an outlet for extremist views and conspiracy theorists under the inviolate cover of free speech?</p>



<p>Or does the creation of a large audience justify anything?</p>



<p>And whilst there are clearly societal issues in play, what does the ad world have to contribute to this debate, if anything?</p>



<p>As media guys we do it often appears care about these things only through the lens of audience data.</p>



<p>You would be forgiven if you concluded that the only metric that matters is the ratings. Piers Morgan storms out of an ITV studio having been criticised on-air for his views but the next day he’s on Twitter boasting that his ‘work is done’ as for the first time his show, Good Morning Britain (GMB) beat its BBC rival in the ratings.</p>



<p>TV buyers justify their placement of client messages on this size metric. They won’t think too hard that an editorial context of confrontation and belligerence might have an adverse effect on the public’s perception of their clients’ brands.</p>



<p>And maybe they’re right, after all that word ‘might’ is doing an awful lot of work in that sentence.</p>



<p>This is what happens in a world driven by the single dimension of size, where the aim is to buy the biggest thing for the least money. And what if the biggest thing is toxic, damages the environment, drives people into poverty and ferments violence?</p>



<p>At a personal level of course we care, but professionally do we really? We buy eyeballs; what the owners of those eyeballs think or do is apparently of little concern.</p>



<p>Media placement is more nuanced than that. On the one hand it is an agency’s role to consider all options in the round, not just on the basis of the biggest audience. Context matters. But on the other advertisers have historically felt nervous about doing anything that could smack of interference in the editorial process.</p>



<p>If there is virtually no editorial process, as with the platforms then that dynamic shifts. Hence advertisers’ willingness to enter the contextual debate under the banner of brand safety.</p>



<p>It may be that I loathe and detest ‘The Daily Mail’ (actually there’s no ‘may’ about it), but at the same time I can recognise the undoubted fact that ‘The Mail’ attracts a sizeable and in many cases appropriate audience for my clients’ brands.</p>



<p>Both points of view can co-exist, indeed they have done so for years.</p>



<p>Many audience measurement initiatives, from the WFA, ISBA and the ANA on cross-media through to the efforts of the attention-measurers like Amplified Intelligence and Lumen are seeking to add nuance to the crude audience size metric.</p>



<p>As sections of the media polarise, the ability to recognise nuance, to consider the relevance of different attitudes and points of view becomes ever more important.</p>



<p>Should advertisers have a view on a channel’s suitability for its messaging based not just around audience numbers but taking into account that channel’s editorial policy? Should advertisers pay any attention to organisations like Stop Funding Hate?</p>



<p>Is the purity of editorial freedom, unencumbered by commercial concerns worth preserving, or should advertisers allow their decisions to be influenced by particular vocal interests?</p>



<p>Or should we revert to a simpler world in which we buy eyeballs and look the other way?</p>



<p>This is an overdue debate worth having.</p>
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		<title>Search and Reapply</title>
		<link>https://www.bjanda.com/blog/search-and-reapply/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Mar 2021 15:41:08 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1442</guid>

					<description><![CDATA[I grew up on the Procter and Gamble account. If there’s one thing P&#38;G do better than almost anyone is to follow their own advice based on their own experiences. They used to call this ‘Search and Reapply’. Unilever had a similar mantra, ‘Steal with Pride’. The basics of both were and are simple. Look [&#8230;]]]></description>
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<p>I grew up on the Procter and Gamble account. If there’s one thing P&amp;G do better than almost anyone is to follow their own advice based on their own experiences. They used to call this ‘Search and Reapply’.</p>



<p>Unilever had a similar mantra, ‘Steal with Pride’.</p>



<span id="more-1442"></span>



<p>The basics of both were and are simple. Look at what others do, look at what’s worked for you, look around you, collect the evidence, review, collect more evidence, then and only then act.</p>



<p>This whole process can take a long time, or a very short time depending on the task but common to everything is the twin realisation a) that someone else, possibly even someone smarter than you has faced and maybe solved this problem before somewhere and b) that sometimes your first thought, your gut instinct can be wrong.</p>



<p>These thoughts come from an acceptance that there are many ways to skin a cat, and a humility to accept even though you have a million Twitter followers, a trade press column and a LinkedIn profile that contains every endorsement going you never stop learning.</p>



<p>It’s been a good week for the oldies, the dinosaurs, and those with the experience and the scars to prove it.</p>



<p>Take the personalisation of ads, now about to be made <a href="https://adage.com/article/digital/google-rejects-plan-replace-third-party-cookies-personal-ad-ids/2318516">rather harder by Google.</a></p>



<p>Like so many things, the reality of personalised ads isn’t quite all that it seems. But let’s keep it simple and say that it sometimes makes sense to have many variations of the same basic message, and to push the most relevant variant in front of the most appropriate audience.</p>



<p>So – if you’re Ford cars you may have a basic message, but that message is translated in multiple different ways to promote multiple models.</p>



<p>I may see the old gits’ model, with a large boot for the golf clubs, a high driving position that allows for easy entry and exit, and 5 doors.</p>



<p>You may see the sporty two-seater perfect for that weekend getaway (I really should have been a copywriter…).</p>



<p>But not always. You may be a beer, for whom fame is all, and context is key.</p>



<p>Here’s a quote from a blog called Melting Asphalt by Kevin Simler, a man so good he’s been quoted by Bob Hoffman (in 2019) and Richard Shotton in (I think) 2018 and again this week. The original quote (the below is a precis) dates from an even older piece called ‘Ads Don’t Work That Way’. I believe it’s from 2014. When dinosaurs roamed the earth.</p>



<p>“If a relatively unknown brand of beer advertises itself as an ‘unpretentious fun-times party beer’ during the Superbowl, you can bring that beer to your friend’s BBQ later confident that your intentions will be understood.</p>



<p>“Whereas if the same unknown brand advertised itself across 100 different TV shows <em>(reaching the same gross audience) </em>and you only saw one of them – on an obscure cooking show (say) – you’d have no idea whether your friends at the BBQ would have the same understanding of the brand’s image, and whether they would perceive your intentions correctly.”</p>



<p>If you’re a beer, fame is good.</p>



<p>If you’re Ford, some degree of targeted messaging is good, but all playing to a consistent brand message.</p>



<p>Then there’s the news that Airbnb is ‘slashing’ their <a href="https://www.campaignlive.co.uk/article/airbnb-slashes-spend-permanent-shift-performance-marketing-brand/1708621">performance marketing spend in favour of brand building work.</a></p>



<p>Perhaps the notion of adding some brand magic to the tedious and competitive process of booking accommodation may finally be gaining traction within Airbnb’s hallowed halls.</p>



<p>A few days ago I had the pleasure of interviewing Paul Feldwick, one of the industry’s best strategic planners, for asi. Paul has a new book out, <a href="https://www.amazon.co.uk/Why-Does-Pedlar-Sing-Advertising/dp/1800462522/ref=sr_1_2?crid=3CL3CZHNQ80S5&amp;dchild=1&amp;keywords=why+does+the+pedlar+sing&amp;qid=1614871683&amp;sprefix=why+does+the+%2Caps%2C172&amp;sr=8-2">‘Why Does the Pedlar Sing?’ subtitled ‘What creativity really means in advertising’.</a></p>



<p>The interview was a delight to do, a reminder of how good we used to be at ads, how popular they were (certainly compared to now) and why we seem to have lost the knack as ‘new techniques’ take hold.</p>



<p>Here’s a link to the podcast: <a href="https://www.asiconferences.com/asi-casts/asicast-118-why-is-advertising-so-unpopular/">https://www.asiconferences.com/asi-casts/asicast-118-why-is-advertising-so-unpopular/</a></p>



<p>The absurdity of so many modern arguments (in themselves reruns of very old arguments) about what technique, channel or medium works best is that the real answer is potentially everything, in combination.</p>



<p>No-one’s right all the time, most things have been tried. Think how much money could be saved if everyone followed the Search and Reapply principle.</p>



<p>Marketing is rarely either / or, it’s this and that, plus.</p>



<p>The only issue is how good you are at doing your job.</p>



<p>Or, as my old Coca-Cola client Jelena Veselinovic put it beautifully in a post this week:</p>



<p>“There’s no such thing as performance or brand marketing. There are only different marketing problems that require different marketing tools.”</p>
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		<title>Whither Cross-Media Measurement?</title>
		<link>https://www.bjanda.com/blog/whither-cross-media-measurement/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 25 Feb 2021 14:03:32 +0000</pubDate>
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		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1436</guid>

					<description><![CDATA[Fifteen months ago, in early November 2019, ISBA’s Director General, Phil Smith stood on the asi stage in Prague in front of the world’s top audience measurement practitioners and announced Project Origin, the advertiser trade body’s major cross-media measurement initiative. ISBA’s announcement came alongside their global counterpart, the WFA’s outlining of their strategic vision for [&#8230;]]]></description>
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<p>Fifteen months ago, in early November 2019, ISBA’s Director General, Phil Smith stood on the asi stage in Prague in front of the world’s top audience measurement practitioners and announced Project Origin, the advertiser trade body’s major cross-media measurement initiative.</p>



<span id="more-1436"></span>



<p>ISBA’s announcement came alongside their global counterpart, the WFA’s outlining of their strategic vision for the future of audience research.</p>



<p>I’m not much of a wavemaker, but for what it’s worth the Cog Blog is all for advertiser-driven initiatives; <a href="https://www.bjanda.com/blog/audience-measurement-in-2020-a-blueprint/">this post</a> outlining a blueprint for media measurement in the future is one example.</p>



<p>Time to check on progress.</p>



<p>First, the basics. Media measurement is largely paid for by the media channel being measured. Taking UK examples – BARB is primarily paid for by the broadcasters; RAJAR by the radio station owners; PAMCO by the newsbrands and magazine publishers and so on.</p>



<p>This is all fine as long as all the industry needs is currency data for the buying and selling of space.</p>



<p>In a buying-dominated world, that works.</p>



<p>But for at least the last 15 years it’s become clear that what’s needed alongside the currency numbers is a set of measures that help planners decide how much of a given budget to spend on advertising versus PR versus events versus sponsorships.</p>



<p>And within (say) advertising how much to commit to broadcast TV versus online video versus radio versus search versus out-of-home.</p>



<p>In short, an ambitious programme to lay out a framework for cross-media planning. Not to replace BARB etc but to sit alongside the currencies.</p>



<p>Not to replace the agencies’ proprietary studies but to set standards, common definitions, base principles and the like.</p>



<p>Standards are essential to help create integrated plans across all communication forms, thus helping us all become more efficient and consistent.</p>



<p>As with any measurement programme you need to look at who benefits to get to who should pay or (at the very least) lead. In the case of the currencies, it’s obviously the seller / content creator.</p>



<p>In cross-media it’s the advertiser, hence their involvement.</p>



<p>From a purely outsider’s perspective it looks that the trade bodies are struggling.</p>



<p>Facing an ambition of this scale, it might have been an idea to set up a Council of Wise Researchers to guide and advise.</p>



<p>There’s plenty of smart people around. Just look at those who’ve left Kantar post the Bain Capital acquisition: Andy Brown, Richard Asquith, Jennie Beck and Margo Swadley alone have forgotten more than I ever knew about measurement.</p>



<p>Then there are people like Richard Marks (also ex-Kantar), Steve Wilcox, Helen Harrison, Sheila Byfield, Roger Gane, Mike Sainsbury of asi. These are just from the UK. I’m sure there are equal numbers in multiple other countries.</p>



<p>ISBA has hired one consultant (the excellent Joe Lewis) and a small team under Richard Halton. WFA is this week advertising for a 5-year old to join their 6 strong media team (working on a far wider brief than cross media measurement).</p>



<p>The task these thin teams are facing is daunting.</p>



<p>So they look for help. There’s a couple of strategy papers produced by the WFA, written last April by Google and Facebook, neither of whom are known for their objectivity nor indeed for their collaborative nature, but both of whom have the resources available to drive audience measurement thinking.</p>



<p>You have to question if that’s the wisest of moves for the industry.</p>



<p>There’s little or no funding available (hence, the cynic in me suggests the involvement of Google and FB), and little likelihood of any being found via the usual channels.</p>



<p>Ideas away from the usual membership fees, such as a levy on adspend, <a href="https://www.bjanda.com/blog/funding-audience-measurement/">proposed here</a> seem to have got nowhere.</p>



<p>I can see one of three things as likely to happen.</p>



<p>Option one: disillusionment will set in, the scope of the cross-media project will shrink and the WFA / ANA / ISBA will move on to other things (it’s not that they haven’t rather a lot to do what with regulating the platforms, establishing a more diverse work force throughout the industry, tackling prejudice, improving creative standards and so on)</p>



<p>This will lead to option two: the Goggle / FB work progresses, with ‘cross-media’ becoming ‘cross-platform-video’. Important, but small stuff driven by highly partisan organisations under the auspices of the world’s largest advertisers.</p>



<p>Or there’s option three: the brave option. This has to start with funding.</p>



<p>One idea certainly is a levy, another might be for the biggest advertisers to tell their agencies that they are expected to contribute $XYZ to become part of a cross-media funding circle, membership of which is the cost of entry to handling their business.</p>



<p>In return these advertisers commit to a full review of the way their agencies are remunerated.</p>



<p>The point is not whether or nor either of these are viable ideas, but that there should be a wide-ranging conversation around funding options before much else happens.</p>



<p>If as I hope bravery wins the day, then the advertiser bodies need to identify and approach their Wise Men, scope the work, define and find the budget and move the whole industry forward from the 1970’s to the 2020’s.</p>



<p>Will they be foresightful? Or will they wither?</p>
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		<title>The Magician and the Wand</title>
		<link>https://www.bjanda.com/blog/the-magician-and-the-wand/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 19 Feb 2021 12:23:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1434</guid>

					<description><![CDATA[Last week’s Cog Blog post commented on the coincidental juxtaposing of the creative agency Mother’s entry into the media agency world, with Wavemaker’s launching of a super-optimiser capable of analysing masses of planning options very quickly. The post generated a number of responses, some of which, together with my replies are on the site below [&#8230;]]]></description>
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<p>Last week’s <a href="https://www.bjanda.com/blog/ads-or-algorithms/">Cog Blog post</a> commented on the coincidental juxtaposing of the creative agency Mother’s entry into the media agency world, with Wavemaker’s launching of a super-optimiser capable of analysing masses of planning options very quickly.</p>



<span id="more-1434"></span>



<p>The post generated a number of responses, some of which, together with my replies are on the site below the post. Others came in via email or on my various social media feeds.</p>



<p>Two in particular caught my eye and made me think that regardless of the two companies involved, the issue of balance between machines and skilled practitioners is worth another look.</p>



<p>My ex-Universal McCann colleague Greg Smith, now COO at TEAMS wrote: ‘It’s not the wand it’s the magician is what we used to say, but perhaps now it’s both.’</p>



<p>Nobody is suggesting that we don’t need tools to analyse media options. We need even better and faster tools to allow us to assess multiple options, which is what Wavemaker has recognised.</p>



<p>Plus we need smart visionary people to spec the tools in the first place, and people familiar with advertising best practice and theory, built up over years, to get the most from them.</p>



<p>There are always questions to be asked of any tool (by the way I’ve never seen Wavemaker’s Maximiser and have only read what’s been released into the public domain).</p>



<p>First, where’s the data coming from to fuel the tool? How good is it; how robust? If, taking media exposure data as a simple example, the agency is relying on data from the tech platforms then you have at least to question its objectivity / accuracy; if it’s JIC-style data then that is of course different.</p>



<p>From looking at the screengrabs from the Wavemaker tool it seems they are using proprietary panel data, and attitudinal responses as well as media data, which increases its potential usefulness.</p>



<p>But, regardless, it doesn’t matter how fast the tool, how clever the algorithms, if you put garbage in, you’ll get garbage out as my dear old mother used to say.</p>



<p>Stephan Bruneau from Wavemaker, who (modestly?) describes himself as the ‘person who created the Wavemaker platform’ accuses me of using a dated argument in discussing creativity versus maths.</p>



<p>It was of course his ex-boss who coined the phrase that the ad industry of today is lead by MathMen as opposed to Madmen.</p>



<p>It’s in no way an outdated debate. Any follower of the ad business will be aware of the argument around artificially created ads versus the output from human creative teams. And then there’s those ‘Advertising: is it Art or Science?’ polemics.</p>



<p>The point is that today it’s creativity plus maths, not ‘or’ maths. Which is something Stephan and I can agree on.</p>



<p>The bigger discussion is around integration (ensuring creative and media sing from the same hymn sheet) and a focus on relating media and market research results to business effect.</p>



<p>Maybe the Wavemaker tool does this; it’s not clear, but it is clear that’s where the pressure points in the business are.</p>



<p>The second comment that intrigued me came from Vic Davies, who is these days a Course Leader at Bucks New University (Vic was a media agency visionary way back when).</p>



<p>Vic wondered aloud if media agencies were in danger of falling for the McNamara Fallacy – a concept that dates back to the Vietnam war.</p>



<p>Robert McNamara was the US Secretary of Defense from 1961 to 1968. To precis from Wikipedia:</p>



<p>“The McNamara Fallacy originates from the Vietnam War, in which enemy body counts were taken to be a precise and objective measure of success. War was reduced to a mathematical model.</p>



<p>“US Air Force Brigadier-General&nbsp;Edward Lansdale&nbsp;reportedly told McNamara,&nbsp;who was trying to develop a list of metrics to allow him to scientifically follow the progress of the war, that he was not considering the feelings of the common rural&nbsp;Vietnamese people. McNamara wrote it down on his list in pencil, then erased it and told Lansdale that he could not measure it, so it must not be important.”</p>



<p>Or, as Oscar Wilde put it, a cynic is &#8216;a man who knows&nbsp;the price of everything&nbsp;and the&nbsp;value of nothing.’</p>



<p>Lots of cynics in media – the Cog in Cog Blog does after all stand for Cynical Old Git.</p>
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		<title>Ads or Algorithms</title>
		<link>https://www.bjanda.com/blog/ads-or-algorithms/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Feb 2021 14:22:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1431</guid>

					<description><![CDATA[This week, while the rest of the industry was in post-Superbowl creative ad fever Wavemaker, the GroupM media agency announced a breakthrough. They’ve used artificial intelligence (big tick) to build a tool (called Maximise, obviously) that can analyse gazillions of media plan options in a nanosecond (I may have got those numbers wrong). The news [&#8230;]]]></description>
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<p>This week, while the rest of the industry was in post-Superbowl creative ad fever Wavemaker, the GroupM media agency announced a breakthrough. They’ve used artificial intelligence (big tick) to build a tool (called Maximise, obviously) that can analyse gazillions of media plan options in a nanosecond (I may have got those numbers wrong).</p>



<span id="more-1431"></span>



<p><a href="https://www.campaignlive.co.uk/article/wavemaker-lifts-veil-ai-media-planner-maximize/1706759">The news</a> broke in ‘Campaign’ on Monday, in a piece by their media and technology editor Omar Oakes who <a href="https://www.campaignlive.co.uk/article/media-planners-becoming-hot-property/1706751">by Thursday</a> was speculating on whether media agency brands were becoming an endangered species as planners migrate to tech businesses and media sales operations.</p>



<p>The media consultant Tom Denford of IDComms wondered aloud if the Wavemaker move signalled the end of media planning.</p>



<p>And the creative agency Mother revealed details of their entry into the media agency business with <a href="https://www.linkedin.com/pulse/rethinking-media-agency-david-gaines/?trackingId=A9rx%2FTrhSF6VI3A7JrO5vQ%3D%3D">Media by Mother</a>, which aims to ‘rethink the media agency’.</p>



<p>This paragraph from their ‘manifesto’ caught my attention:</p>



<p>“Media planning needs to be about business and content planning. That means analytical talent who create better inputs for media and understand attribution. It means having content creators who can turn around a meme because they know culture. It means copywriters working within creative management platforms so banners aren’t the shitty posters of the internet. It means experts in media buying platforms who can work like producers, managing activation through the right access point with a deep knowledge of ad tech and data.” (David Gaines, CEO, Media by Mother)</p>



<p>Going back to Wavemaker, media agency networks need tools. They’re a key ingredient in the cement that holds the network together, they’re the answer to the inevitable question – ‘but what differentiates you from the others?’</p>



<p>They also define a way of working. In the eyes of those at the centre, if the local markets all have the same tools they all work consistently. A key requirement for international clients.</p>



<p>It’s never that simple.</p>



<p>Will all local markets understand and use the tools? How will the centre check? How and how often will they train? What will they do if the tools aren’t used?</p>



<p>These aren’t hypothetical questions – we faced the same issues building the Carat network way back when.</p>



<p>There are certain lessons that have stood the test of time.</p>



<p>First, if the local market doesn’t understand the tool they won’t use it. The first time a client asks them to explain the inner workings, and they can’t is the last time that tool will be used.</p>



<p>In another lifetime I once had to present how we estimated cross-media reach to a large client (I was my agency’s head of media research at the time). Being a smart-arse, I put up a long formula to demonstrate 1) how clever we were and 2) the scientific rigour behind our approach.</p>



<p>My line was ‘I’m sure you don’t want me to take you through the formula..’ Unfortunately the client had a deep and abiding interest in statistics and asked me to do exactly that. I couldn’t, looked and felt like a fool and never made that mistake again.</p>



<p>Incentivising offices to use the toolkit can work well. At Carat we used to visit local markets, ask to see examples of the tools in action, check their use with international business, and adjust local bonus payments accordingly.<strong>&nbsp;&nbsp;</strong></p>



<p>Tools are great, but the clue is in the name. You need to have smart humans to work the tools. Smart humans need training in why they should be doing this when local market custom and practice dictate otherwise.</p>



<p>The danger with the Wavemaker approach is that it will stop people thinking about what they’re really trying to do – which is not to maximise the media numbers (a means to an end) but to use commercial messaging to drive business success for the client.</p>



<p>The alternative approach – followed by Mother, and agencies like MediaHub and VCCP is to bring media planning in far closer to the creative process.</p>



<p>It’s a question of whether you focus on the ads, or the algorithms.</p>
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		<title>Ethics and Objectivity</title>
		<link>https://www.bjanda.com/blog/ethics-and-objectivity/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Feb 2021 12:37:28 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1428</guid>

					<description><![CDATA[Disclosure: BJ&#38;A has done work for the7stars, the agency mentioned below It’s time to talk about the E word: Ethics. The notion of ethics within media agency operations has been in the news this week with the release that GroupM has created a tool, called The Data Ethics Compass. This with some feedback (as ‘Campaign’ [&#8230;]]]></description>
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<p><strong><em>Disclosure: BJ&amp;A has done work for the7stars, the agency mentioned below</em></strong></p>



<p>It’s time to talk about the E word: Ethics.</p>



<p>The notion of ethics within media agency operations has been in the news this week with the release that GroupM has created a tool, called The Data Ethics Compass. This with some feedback (<a href="https://www.campaignlive.co.uk/article/groupm-launches-data-ethics-tool/1706058">as ‘Campaign’</a> calls it) from Unilever.</p>



<span id="more-1428"></span>



<p>The issue of ethics and agencies is a broad one.</p>



<p>GroupM’s initiative is based around the notion that using certain data in certain circumstances to do certain things can be unethical. No-one’s going to contradict that. Indeed some, like Jerry Daykin from Glaxo SmithKline have been saying much the same thing for a while.</p>



<p>What GroupM has done is develop and formalise the thought, creating a tool that can be used to help guide their planners.</p>



<p>In other words they’ve rather elegantly created a tool that helps them decide whether or not it’s ethical to use a tool.</p>



<p>The ‘Campaign’ piece states that ‘GroupM has been training its agencies and has identified champions at each firm to begin rolling out (the tool) to different teams’.</p>



<p>GroupM is moving to operationalise ethical considerations when using datasets, which is smart.</p>



<p>Maybe the role of these local ‘ethics (tool) champions’ could usefully be expanded from the external to the internal.</p>



<p>With the media themselves, and how they’re evaluated offering opportunities for investment and innovation, where should the boundaries be drawn between buyer and seller?</p>



<p>For example, how should media agencies behave when their parent invests in a global partnership with a media platform, as <a href="https://www.campaignlive.co.uk/article/wpp-tiktok-partner-brand-safety-ad-innovation/1706077">WPP did with Tik Tok</a> earlier this week (and both Publicis and IPG have done in the past).</p>



<p>The headline on the WPP / Tik Tok collaboration prioritised brand safety, something we can all agree is A Good Thing.</p>



<p>The copy though makes clear this goes deeper. The partnership is “focused on developing new ad products on the video-sharing platform while bolstering its brand-safety measures”.</p>



<p>At a corporate level this makes sense. Tik Tok is clearly hugely successful; WPP have clients who may well value new ways of using the platform.</p>



<p>The question is: how to remain objective and avoid an over-zealous use of the platform?</p>



<p>How about Finecast – the addressable ad business? “Finecast enables advertisers to precision-target viewers across multiple on demand, linear and live streaming TV environments”. This from the WPP Annual Report. Finecast is a GroupM company.</p>



<p>Again – no-one will argue that a technology that offers advertisers the option to improve how they target TV messages is a bad thing, but any internal pressure from above on planners to use addressable TV repackaged and sold by a sister company would be unethical.</p>



<p>Remember how agencies screamed and shouted about conditional selling?</p>



<p>The media agency world is full of examples of clients being pushed towards a medium, a platform, a technology for no other reason than the agency in question either owns or has a mutually beneficial financial arrangement with the vendor.</p>



<p>This detail usually escapes mention to the client.</p>



<p>The Cog Blog has covered the linked issues of <a href="https://www.bjanda.com/blog/transparency-bites-aegis/">a lack of transparency</a> and the <a href="https://www.bjanda.com/blog/groupms-channel-4-deal/">threat to objectivity</a> so often it’s becoming monotonous.</p>



<p>Fortunately others are on the case too.</p>



<p>Scott Moorhead’s Aperto Partnership wrote an <a href="https://www.campaignlive.co.uk/article/role-media-agency-crossroads/1705702">excellent white paper</a> on the topic just last month.</p>



<p>As they put it: “There are no circumstances under which a media agency should sell advertising space to their clients”.</p>



<p>Then there’s this white paper <a href="https://www.the7stars.co.uk/the7stars-from-transparency-to-neutrality-whitepaper/">‘From Transparency to Neutrality’</a>, well worth downloading from the7stars’ website.</p>



<p>Tricky blighters, ethics. Do the best for the client, the rest will look after itself.</p>
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		<title>Reasons to be Cheerful</title>
		<link>https://www.bjanda.com/blog/reasons-to-be-cheerful/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Jan 2021 12:50:03 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1426</guid>

					<description><![CDATA[Heaven knows there’s plenty to be miserable about right now. Just as well The Cog Blog never gets into the really serious stuff, in favour of fussing around parochial ad business issues. But here we are, with revenues down, adspend dropping, job losses, businesses collapsing and so on. Enough of The Smiths; let’s instead focus [&#8230;]]]></description>
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<p>Heaven knows there’s plenty to be miserable about right now. Just as well The Cog Blog never gets into the really serious stuff, in favour of fussing around parochial ad business issues. But here we are, with revenues down, adspend dropping, job losses, businesses collapsing and so on.</p>



<span id="more-1426"></span>



<p>Enough of The Smiths; let’s instead focus on Ian Dury and try and cheer ourselves up, if only a little.</p>



<p>I’ve always found extremes uncomfortable. Back in the day, when everything in advertising agencies bent to the latest whims of the creatives, us media guys chuntered on.</p>



<p>Didn’t these people care if it didn’t work? Had they never read Ogilvy? How the hell was I supposed to buy 2 minute commercials on that budget?</p>



<p>And yet – halcyon days. Creativity ruled the roost, a greater proportion of ads than today were memorable, client production budgets were extravagant.</p>



<p>My friend <a href="https://www.caspiaconsultancy.co.uk/">Pam Vick, at Caspia Consultancy</a> was this week recalling her days as a Leo Burnett suit on the Cadbury business and receiving a call from the Milk Tray ‘Waterfall’ shoot. ‘Pam – we’re going to need two more speedboats…’</p>



<p>How the pendulum has swung to the other extreme. The calls now are for more likes, more clicks, better algorithms, more impressions. The media guys are omnipotent (by the way, when did an expertise in online media qualify you as a ‘marketing expert’? Did I miss the accelerated learning programme?)</p>



<p>Extremes are bad – in just the same way that creative people largely ignored most media stuff, now far too many media people couldn’t care less about the creative work.</p>



<p>But there are signs of hope.</p>



<p>The penny may not have reached the ground yet but it is dropping. Survey after survey show that people don’t like or trust advertising – and specifically online advertising.</p>



<p>This is becoming recognised as an issue. Too much repetition, too much spooky targeting, too interruptive, too omnipresent.</p>



<p>And it doesn’t work.</p>



<p>Ad agencies are talking, the better-informed media agencies are concerned, the criticism of the large platforms grows louder (how far off that promise to encourage conversations between consumers and brands seems. And how irrelevant).</p>



<p>Clients are becoming aware, and engaging in the issue.</p>



<p>Out of concern will come action – a rebalancing of creative and media skills. Better ads, placed in the most appropriate channels and measured extensively.</p>



<p>No longer will the cry: ‘Facebook has gazillions of people, everyone uses it, we must be on it and they tell me all I need is 2 seconds’ be heard throughout the land. The number of advertisers believing this rubbish will decline.</p>



<p>Media people will work better. Less blind reliance on machines and formulas, more using machines and formulas as tools to create impactful campaigns.</p>



<p>Less obsession with audit pools, CPM and naïve assessments.</p>



<p>More paying attention to attention, on how to engage, entertain and delight the audience.</p>



<p>More of an appreciation of context (thank you <a href="https://www.campaignlive.co.uk/article/brand-safety-social-media-issue-always-will/1705125">Andrew Tenzer and Reach</a>); less of a mistaken belief that all impressions are equal.</p>



<p>A greater acceptance that ‘negotiation’ means: how can I get what I have worked out is what the client needs for less; not how does this benefit me?</p>



<p>More concentration on planning, on understanding that a plan combines numbers and creativity.</p>



<p>It’s time to celebrate great work – and great work emerges from a collaboration across many parties.</p>



<p>Including TV. Including social media, Including influencers. Including DM. Including algorithms. Including mavericks in all disciplines.</p>



<p>Including Hammersmith Palais and the Bolshoi Ballet. And if you get that reference … I salute you!</p>
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		<title>Lessons from Philips</title>
		<link>https://www.bjanda.com/blog/lessons-from-philips/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 22 Jan 2021 09:02:13 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1423</guid>

					<description><![CDATA[Last week ‘Campaign’ reported that the Philips media business is up for review. The account has been largely held by Carat – they’ve held it for (I would estimate) 25 years, a good run by anyone’s standards, which may well continue. The news struck a chord &#8211; I led the international element on the team [&#8230;]]]></description>
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<p>Last week ‘Campaign’ <a href="https://www.campaignlive.co.uk/article/philips-puts-300-million-global-integrated-account-bid/1704611">reported</a> that the Philips media business is up for review. The account has been largely held by Carat – they’ve held it for (I would estimate) 25 years, a good run by anyone’s standards, which may well continue. The news struck a chord &#8211; I led the international element on the team that pitched the business.</p>



<p>It was an important pitch – and not just because of the money. Carat had&nbsp; other large international accounts, of course but Philips was one of, if not the first multi-geography client won from scratch (we didn’t have the business anywhere) by what was then a new management team.</p>



<span id="more-1423"></span>



<p>The Carat of those days was referred to by its competition as a NOTwork; a loose collection of strong local agencies thrown together with no common culture, no common tools or processes, and local managements who too often prioritised their own needs over those of the organisation to whom they had sold their businesses.</p>



<p>The Philips experience helped shaped what the Carat of that era became – a strong network with great international clients.</p>



<p>There were lessons learned that even today resonate.</p>



<p>The first lesson is that collaboration around a common goal is essential if you’re going to win. Without it, you have no chance.</p>



<p>Carat was a new network, born out of local strengths. It didn’t have the built-in advantages of (say) Mindshare that came out of two international ad agency networks (JWT and Ogilvy) skilled at working with global clients.</p>



<p>Nowadays the new breed of media consultancies, like ID Comms place great store in common processes, and collaborative network procedures. How an agency works is just as important as the prices it delivers.</p>



<p>In the early days of the Carat network we needed to convince successful local managers to introduce common tools and processes. The Crispin Davis initiated Carat Sphere programme, subtitled The Way We Work was genuinely new and different (and has since been much copied). The original concepts are still applicable today (which is ironic as Carat no longer use them).</p>



<p>Then there were the financials. Why should a local manager resign a competitive client paying a decent fee to take on an international client at a lower local fee? Why should a local manager care about any benefit elsewhere?</p>



<p>These discussions were much to the fore when we prepared to pitch Philips. The lessons we learned (not least in persuasion) were applied to a host of other successful international pitches from adidas through to Kraft, Pfizer and Coca-Cola.</p>



<p>The concept of a strong international offering, with a dedicated centre delivering consultancy services alongside excellent local offerings was fully established on the back of the Philips win.</p>



<p>How local offices and local managers were assessed were shaped by the Philips experience.</p>



<p>In short, it’s no exaggeration to say that the Philips win played a huge role in the success of Carat.</p>



<p>The best lesson came from Philips themselves. After we had won we met a senior member of the management team.</p>



<p>I remember asking him – what was it that turned Philips from an unsuccessful brand, spread across so many industries to what was (even then) a highly successful, focused business?</p>



<p>His reply applies to us all.</p>



<p>‘We used to invent things because we could. Then we found that nobody wanted them. Once we learned to listen to what people wanted before going off and inventing it we became successful’.</p>
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		<title>Off We Go..</title>
		<link>https://www.bjanda.com/blog/off-we-go/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Jan 2021 12:16:57 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://www.bjanda.com/blog/?p=1420</guid>

					<description><![CDATA[Well, here we are again, a new year, full of hope, aspirations, and ambitions – even if a quick look outside as we emerge from our duvets seems to confirm that things are still horrible, a pandemic is still raging, democracy is still under threat, and the old issues of 2020 have not mysteriously disappeared. [&#8230;]]]></description>
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<p>Well, here we are again, a new year, full of hope, aspirations, and ambitions – even if a quick look outside as we emerge from our duvets seems to confirm that things are still horrible, a pandemic is still raging, democracy is still under threat, and the old issues of 2020 have not mysteriously disappeared.</p>



<span id="more-1420"></span>



<p>Still – you’ve got to smile, have hope and carry on. It can’t be as bad a year can it?</p>



<p>In our own little world, there are interesting changes afoot. Commentators have often criticised advertising (and related) businesses for being slow to change. We are great at advising our clients that their models need to adapt and evolve – but we are not so good at it ourselves.</p>



<p>Until change is forced upon us.</p>



<p>Jon Mandel’s 2015 ANA speech accusing agency buyers of keeping rebates exposed a practice well-hidden within the agency world. It took one speech for the trading model to change.</p>



<p>Has it changed completely? No, but the direction of travel has been reset. Innovative revenue models (and a new breed of independent auditor / evaluator) will continue to emerge throughout 2021.</p>



<p>Agency managements have for a while known in their hearts that staffing levels are un-necessarily high (but margins were good, so..). It’s taken a pandemic and a catastrophic drop in revenues to force the issue, but agencies will eventually emerge as leaner and more efficient businesses.</p>



<p>The large research companies have been criticised for ages for being too wedded to heritage techniques and too slow to adapt to the changing needs of advertisers.</p>



<p>One of the largest, Kantar enters 2021 under new management. What Bain Capital do to streamline the business and to set it up to succeed in a cookie-less world of data and automation will be fascinating to watch and will no doubt prompt others to react.</p>



<p>Audience measurement will look different in a year’s time. One of the stand-out sessions at November’s asi event was the one focussed on measuring attention. Expect to hear more from Karen Nelson-Field, Mike Follett, Yan Liu and friends in 2021.</p>



<p>If advertiser trade bodies continue to agitate for change then progress will be made towards a true cross-media measurement system.</p>



<p>But if lack of funds means they have to rely on the platforms for the heavy technical lifting then their ambition risks being narrowed to cross-platform measurement, and we will be even more in hock to the Facebooks and the Googles of this world.</p>



<p>Talking of which, whatever one’s politics the banning of President Trump and many of his followers from social media platforms raises an interesting issue. Do their actions mean that Twitter et al accept that they are indeed publishers (we all know they are; it’s just that they historically haven’t wanted to admit it)?</p>



<p>As publishers, they need to be regulated and subject to an appropriate set of rules.</p>



<p>Expect online media regulation to rise up someone’s agenda, somewhere.</p>



<p>Welcome to 2021. It won’t be boring.</p>
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		<title>A Cautionary Christmas Tale</title>
		<link>https://www.bjanda.com/blog/a-cautionary-christmas-tale/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Dec 2020 16:24:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1415</guid>

					<description><![CDATA[Once upon a time, in a land far away there lived a widow and her young son. The widow had always been kind to her son, as long as he did what he was told, but woe betide if he stepped out of line! ‘You can always be replaced’ she said to him; ‘There are [&#8230;]]]></description>
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<p>Once upon a time, in a land far away there lived a widow and her young son. The widow had always been kind to her son, as long as he did what he was told, but woe betide if he stepped out of line! ‘You can always be replaced’ she said to him; ‘There are plenty of boys out there who would love to come and look after me in return for a warm house and regular meals.’</p>



<span id="more-1415"></span>



<p>With Christmas approaching the widow sent her son to the market to buy their Christmas bird. ‘I want the biggest, the fattest bird you can find. But don’t pay too much for it. Mr and Mrs Pool over the field make sure I know what things cost.’</p>



<p>The son set off. He had in mind buying a beautiful bird, just big enough to feed the two of them over several meals. He had heard talk of a turkey – but surely that would be too big? And anyway, how would he get it home?</p>



<p>When he got to the market there was so much on offer. There were beautiful pheasants, plump chickens, even the odd goose. And there were turkeys – masses and masses of turkeys.</p>



<p>The son remembered his mother’s words – the biggest, the fattest, and don’t overpay. He wasn’t quite sure what that last bit meant, but it was a worry. What if he inadvertently paid too much?</p>



<p>Maybe he should get a free-range organic chicken? Quite big enough, guaranteed to be tasty; affordable but nothing like as big as the turkeys.</p>



<p>The son was mulling over what to do when he saw a stall selling live birds. The birds were nowhere to be seen – he presumed they were round the back, away from the crowds, to stop them running away.</p>



<p>But one was out front, sitting there quite calmly with his face in a book. It was huge, bigger than any bird he had ever seen before. And then it spoke to him.</p>



<p>‘You looking for a turkey, mate?’</p>



<p>The son thought this was unusual, but not knowing too much about turkeys he thought he ought to be polite.</p>



<p>‘Yes’ said the son; ‘For me and my mother. We want the biggest, fattest bird I can find. And be aware that I know very well what things cost.’</p>



<p>‘Of course’ said the turkey. ‘I’ll take whatever you’ve got, and I’ll even give you something back for your trouble. After all, you’ll need to get me home, and you’ll need to learn how to cook me won’t you?’</p>



<p>At this stage the son started to feel a little anxious. Admittedly he didn’t know much about turkeys but he was pretty sure they didn’t talk, or indeed read. Didn’t they just go ‘Gobble, gobble’?</p>



<p>He was also fairly certain they didn’t have four legs.</p>



<p>‘How come you can talk, and it seems, read? And how come you’ve not even said ‘Gobble gobble? Isn’t that what turkeys do? And whilst I’m at it, what’s with the four legs?’</p>



<p>‘You’re a smart lad’ said the turkey. ‘You don’t miss much. I’m an educated turkey; I’ve gone out of my way to better myself. Yes I can do the goggle goggle bit – but that’s for the tourists, not for smart customers like you.’</p>



<p>‘The book is my escape – if you lived with the idiots I live with you would do anything to get away, even if only in my imagination.’</p>



<p>‘And as for the legs – I’ve evolved. I’ve had to, after all how else are customers going to get me home?’</p>



<p>‘Fair enough’ said the son. ‘But hang on, what’s this goggle goggle? I have never met a turkey before but all the ones I’ve read about say ‘gobble gobble.’</p>



<p>‘Well’, said the turkey ‘Maybe in learning a new language my natural diction has slipped a little. I have to admit I rarely have any call to speak turkey. Like I say, I live with idiots.’</p>



<p>‘So let me get this clear’ said the son. ‘You’ll accept the little money I have; you’ll walk home with me; you’ll give me some of my money back (and you won’t tell my mother, or she’ll have that off me in a flash); you’ll tell me how to cook you; and you’ll taste delicious.’</p>



<p>‘That’s it’ said the turkey.</p>



<p>And so they set off. The son feeling pleased with himself, the turkey goggling away under his breath.</p>



<p>They got home.</p>



<p>The son rushed in to tell his mother the good news. ‘You’ve done well, son. Let me take a look at this beautiful bird, and let’s get it into the oven’.</p>



<p>The son took off his coat.</p>



<p>So did the wolf.</p>



<p>Allegorical fairy stories involving widowed mothers, naïve sons and animals in disguise rarely end well – and this one is no exception.</p>



<p>Happy Christmas.</p>



<p>The Cog Blog will be back in the New Year.</p>
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		<title>So, Farewell Then 2020</title>
		<link>https://www.bjanda.com/blog/so-farewell-then-2020/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Dec 2020 14:16:30 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1412</guid>

					<description><![CDATA[Well, that was, shall we say an interesting year. Quite aside from such cataclysmic episodes as a pandemic, Brexit negotiations, elections, and what has sadly become the usual quota of intolerance and violence we had a few little moments of our own in the quiet backwater that is advertising and media. What will we take [&#8230;]]]></description>
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<p>Well, that was, shall we say an interesting year. Quite aside from such cataclysmic episodes as a pandemic, Brexit negotiations, elections, and what has sadly become the usual quota of intolerance and violence we had a few little moments of our own in the quiet backwater that is advertising and media.</p>



<p>What will we take away?</p>



<span id="more-1412"></span>



<p>First, social media continues to blur the line between opinions and facts.</p>



<p>For instance, it is my opinion that advertising on social media platforms does rather a lot of harm and very little good. It is a fact that social media ad revenues continue to rise.</p>



<p>Or, to put it another way, who knew there were so many qualified epidemiologists in advertising?</p>



<p>We also continued in 2020 to imagine that what we do is so important and skilful that it equips us perfectly for anything remotely related.</p>



<p>Imagine the Venn diagram illustrating the overlap between buying an ad campaign and negotiating a trade deal.</p>



<p>And yet a well-known media professional seriously suggested in a published article that the nation’s best TV buyers (as decided by ‘Campaign’ presumably) should lead our Brexit negotiations. Mind you…</p>



<p>I’ve always rather liked the expression ‘stick to your knitting’. It might be old-fashioned but I continue to hold the view that you diminish your standing in one field if you’re forever making a dick of yourself in another.</p>



<p>Next, there can never be too many pieces illustrating that advertising works. This <a href="https://www.contagious.com/news-and-views/grace-kite-on-the-importance-of-putting-a-human-face-to-analytics">‘Contagious’ interview with Dr Grace Kite</a> pulled together many strands to remind us that actually, used properly advertising does deliver. It may not be new news but it’s worth remembering that what we do can have an effect.</p>



<p>Of course, not all advertising is equal. Not all advertising is designed to do the same thing; some is designed for brand building over years; some to elicit an immediate response.</p>



<p>This is so obvious that it’s almost embarrassing to write it down, and yet the supremacy of the placers over the creators makes it necessary to spell out that no, not all impressions are equal; and no, a view is not a view.</p>



<p>We really need to remember this and re-establish the primacy of creativity in 2021.</p>



<p>Work by The Ad Association and Kantar Media in 2020 confirmed that (regardless of whether it works or not) consumers don’t trust advertising, and that they particularly don’t trust online advertising.</p>



<p>Excessive frequency online, and retargeting in the name of the myth of waste-free, precision placements both remain live issues that irritate. And yet advertisers presumably some of whom are advised by agencies staffed by online media professionals) keep doing both.</p>



<p>Talking of advertisers, the big guys moved to the centre of the media stage – with more taking media responsibilities in house, and with trade bodies including the WFA, the ANA and ISBA driving cross-media measurement forward.</p>



<p>As an agency guy I find it sad that my old colleagues aren’t doing more to lead; but at least the paymasters are driving things along.</p>



<p>We’ll see how far they get in 2021 – sorting out who pays and how is going to be critical.</p>



<p>Two final words of praise.</p>



<p>First to the UK media vendor trade bodies. Thinkbox, Magnetic, Newsworks, The Radio Centre, JICMAIL have all advanced knowledge over the last twelve months. All credit to them, and to those who fund them. They’ve come an awfully long way in a short time.</p>



<p>And finally, well done the wise old heads.</p>



<p>I’ve enjoyed reading <a href="https://davetrott.co.uk/">Dave Trott</a>, <a href="https://mediatel.co.uk/news/2020/12/09/small-screen-big-debate/">Ray Snoddy</a>, <a href="https://adcontrarian.blogspot.com/">Bob Hoffman</a>, <a href="https://mediatel.co.uk/news/2020/12/01/logging-on-for-lessons-in-language-audience-research/">Bob Wootton</a>, <a href="https://mediatel.co.uk/news/2020/11/17/the-time-for-media-agencies-to-adopt-a-new-mindset-is-now/">Nick Manning</a> and (if he’ll forgive me) <a href="https://mediatel.co.uk/news/2020/12/07/oopsguess-whos-on-the-naughty-step-the-ad-mausoleum-calls/">young Dominic Mills</a> in 2020.</p>



<p>All of them write more sense than most – largely because they’ve been there and done it. When faced with the newest shiny thing, the latest manifestation of the same old theories (or the latest made-up numbers) I like to imagine them sighing, sipping on their pint of mild, and lighting their pipes before calming us all down with what it all really means.</p>



<p>Next week The Cog Blog will be back for the final time this year with a cautionary fairy tale for Christmas. Ho ho ho.</p>
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		<title>Marketing Meet Finance</title>
		<link>https://www.bjanda.com/blog/marketing-meet-finance/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 04 Dec 2020 09:46:03 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1410</guid>

					<description><![CDATA[Remember when the trades were full of thought leaders enlightening the rest of us? In the media world these were usually smart people from agencies, or media owners. Advertisers rarely featured – indeed back then there was almost a paranoia around anything that could be described as sharing secrets outside the organisation. Today, at least [&#8230;]]]></description>
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<p>Remember when the trades were full of thought leaders enlightening the rest of us? In the media world these were usually smart people from agencies, or media owners.</p>



<p>Advertisers rarely featured – indeed back then there was almost a paranoia around anything that could be described as sharing secrets outside the organisation.</p>



<span id="more-1410"></span>



<p>Today, at least on my feed you can’t move for tweets and posts from those charged with a media responsibility within advertisers. Conferences are full of these guys, hardly surprisingly. It’s easy to justify paying if you’re going to hear from the top media guy at Client A.</p>



<p>Multiply this up, and the ANAs, WFAs and ISBAs, representing as they do lots of advertisers speak with an even greater authority.</p>



<p>This is all well and good when the matter under discussion is around a point of principle. Everyone agrees that the lack of diversity in our business is shameful; it is a very good thing that the likes of Jerry Daykin of GSK uses his platform to champion change.</p>



<p>But – and I don’t mean to demean Jerry’s efforts in any way – this hasn’t really put GSK money at risk. Yes of course it’s cost Jerry time, and no doubt GSK, like many others have set up programmes to deliver on the promise. But it’s money behind a cause nobody can argue with.</p>



<p>Let’s take another cause close to advertiser hearts – cross media measurement. Hardly a headline matter, nor something that non-marketers can get uncompromisingly behind, and yet it is one that anyone who understands anything about how media funds are allocated agree is important.</p>



<p>If we are to increase the chances that commercial messages end up delivering a business benefit then we need the tools, the evidence on which to base plans.</p>



<p>Big advertisers are vocal in calling for a robust system of cross-media measurement. Of course they are. They stand to benefit from better budget allocation.</p>



<p>Sooner or later the vocalists are going to have to face up to one of several options.</p>



<p>First, agree to pay. Imagine the conversation with the procurement teams. Marketing has enough trouble convincing their finance colleagues that marketing, beyond the very short-term stuff works at all. Now we are seriously expecting that they’re going to convince them to pay for something that delivers a benefit in better plans? That’s a hard sell, and they know it.</p>



<p>Second, offload the responsibility to someone prepared to carry the cost. Google and Facebook, to name but two would no doubt be delighted to spend a few million resourcing the programme if the prize is to shape planning measurement for decades to come.</p>



<p>Third, have the industry pay. Everyone contributes a little, a fund is generated, a team is hired, a plan is built. Work is done objectively for the benefit of all. I would feel a lot more confident selling that to a finance director – we’re paying our bit, everyone else is paying their bit.</p>



<p>Furthermore if the mechanic is a levy, as I’ve suggested then no extra money need be involved. Here’s a Janet and John example as to why not.</p>



<p>An agency writes a plan to spend £1,000. They select four magazines and plan to buy four insertions in each (sorry for the antediluvian language, feel free to insert the word ‘programmatically’ in here if that helps). They’ve calculated that 4 x 4, or 16 insertions is the best plan to reach their objectives.</p>



<p>But because the agency buyer is big and butch he buys 18 insertions, negotiating 5 in two of the magazines.</p>



<p>Yes, 16 was the optimal number, defined by the plan. 18 is surely better – more goodies to impress the auditor and the client.</p>



<p>But what if the agency bought to plan, and saved the money? After all, the plan was based on something.</p>



<p>And what if that money funded an industry research programme?</p>



<p>The agency buys the plan the client has approved. No more money has been spent.</p>



<p>A levy doesn’t have to involve more money (although of course it can), if it’s planned for upfront it can be funded via the buy.</p>



<p>We are living in a world of vocal advertisers – a good thing too.</p>



<p>But it’s time for these guys to start thinking about how to pay for what we all agree they need.</p>



<p>Fine words butter no parsnips as my dear old mum used to say.</p>
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		<title>Seesaw Thinking</title>
		<link>https://www.bjanda.com/blog/seesaw-thinking/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 Nov 2020 12:28:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1407</guid>

					<description><![CDATA[It’s a mystery why it is that sensible, smart people so often see things in absolutes: black or white, right or wrong, win or lose, media or creative. Surely the concept that teamwork is generally a good idea is not that hard to grasp? For example – why on earth do we have to choose [&#8230;]]]></description>
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<p>It’s a mystery why it is that sensible, smart people so often see things in absolutes: black or white, right or wrong, win or lose, media or creative. Surely the concept that teamwork is generally a good idea is not that hard to grasp?</p>



<span id="more-1407"></span>



<p>For example – why on earth do we have to choose between a campaign’s media delivery, and its creativity when discussing why it’s worked? Why is it that we even discuss ‘which works better, media or creative’ as if we’re in some ridiculous competition?</p>



<p>It’s really simple. The greatest ad in the world is useless if nobody sees it. The best media plan ever written won’t rescue a dreadful creative idea.</p>



<p>Back in the dark ages, ‘media’ was the poor relation. All those jokes about the pre-lunchtime presentation slot, the five minutes that followed the three-hour discussion of which beach was going to be used for the shoot.</p>



<p>The media numbers were worthy and dull, focussed far too much on the discounts to be achieved and far too little on who needed to see the ad, and how many times, for it to have the desired effect.</p>



<p>And now in the self-proclaimed ‘age of media enlightenment’ we spend forever making sure we don’t ‘waste’ a penny of the budget reaching someone outside some crazy target (even if we don’t quite know what ‘waste’ is, or if it’s a good thing to be rid of it).</p>



<p>Never mind that those of us in the media geekhood can’t even decide how to define a ‘viewer’, let alone an impression. Or that the largest ad market in the world still deals in programme ratings as opposed to having anything to do with trading based on the number who see the ad.</p>



<p>We tie ourselves in knots with all the talk of reach, ignoring the fact that very often we’re adding together apples and carrots. Apples and oranges would be an advance – at least they’re both fruits.</p>



<p>And good luck if you want to discuss the ad in any media forum. Many media sales people (and media buyers) have no idea what they’re placing. Quite how they’re taking account of context without knowing the ins and outs of the creative is another mystery.</p>



<p>The industry has moved from an unhealthy obsession with creativity and a complete lack of interest in where and how the money was going to be spent, to an unhealthy obsession with media numbers and a complete lack of interest in the quality of the ads.</p>



<p>Both extremes are of course wrong, and out-of-step with advertisers’ stated needs.</p>



<p>It’s why those agencies, like MediaHub and VCCP who balance creativity with media planning and buying are winning. I would say they’re going back to the future.</p>



<p>It’s also why it was such a pleasure to remember what Nick Manning and Colin Gottlieb were trying to do when they started Manning Gottlieb (now part of Omnicom) 30 years ago.</p>



<p>Here, courtesy of Nick (who clearly never throws anything away) on <a href="https://mediatel.co.uk/news/2020/11/17/the-time-for-media-agencies-to-adopt-a-new-mindset-is-now">Mediatel</a> a week ago is how they set out their stall in 1990:</p>



<ul><li><strong><em>Rooting media thinking in the client need</em></strong></li><li><strong><em>Being consumer-centric (using Account Planning techniques as well as media research)</em></strong></li><li><strong><em>Working hand-in-glove with creative partners</em></strong></li><li><strong><em>Being innovative to achieve cut-through</em></strong></li><li><strong><em>Marrying innovation with the best available media pricing</em></strong></li></ul>



<p><strong><em>This was counter-cyclical at the time. Our business was based on ideas; not just creative uses of media but buying media in different ways to make the creative work harder.</em></strong></p>



<p>If I was running an operation today I would ask Nick in to present pretty well what he presented to prospects 30 years. I would then steal it with pride.</p>



<p>Frankly if you don’t understand the importance of balance and teamwork you’re in the wrong business.</p>
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		<title>Funding Audience Measurement</title>
		<link>https://www.bjanda.com/blog/funding-audience-measurement/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 19 Nov 2020 12:49:48 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1405</guid>

					<description><![CDATA[For the last seven and a half years the Cog Blog has provided a weekly platform for me to rant on about this or that pet hate, to vent on what I see as industry wrongs and injustices, to amplify others’ good ideas, and to comment on the latest tit and tattle. To be honest, [&#8230;]]]></description>
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<p>For the last seven and a half years the Cog Blog has provided a weekly platform for me to rant on about this or that pet hate, to vent on what I see as industry wrongs and injustices, to amplify others’ good ideas, and to comment on the latest tit and tattle. To be honest, most of this really doesn’t make a great deal of difference in the overall scheme of things – but the subject of this week’s post does.</p>



<span id="more-1405"></span>



<p>Audience measurement is one of those topics that creates a great deal of heat and light amongst a specialist subset of the industry. Audience researchers toil away, mainly un-noticed by the rest and yet what they do is essential to the whole media ecosystem.</p>



<p>Most of us on the periphery of the subject would agree with two core principles.</p>



<p>It’s important to measure audiences.</p>



<p>It’s important to do it properly.</p>



<p>‘Properly’ includes remaining objective, and producing data that is acceptable to users, is verifiable and is accessible.</p>



<p>It seems obvious for in-sector competitors to collaborate. So, in the case of TV the major broadcasters come together in BARB, to the benefit of all.</p>



<p>But we are now in a world where the key players in what is now video include but extend way beyond traditional broadcasters. And so far, many of these major players haven’t felt the need to collaborate.</p>



<p>We’re coming out of the monochrome, silo-ed world within which each medium is measured separately, to a technicolour world of integrated communication working across multiple channels.</p>



<p>Audience measurement needs to keep pace, or more accurately to catch up – hence the flurry of activity around cross-media measurement.</p>



<p>The problem is that this creates an obvious funding challenge.</p>



<p>Within siloes, it’s natural for the medium to fund research into its audience.</p>



<p>This research is primarily about currencies – and thus, as the name suggests about buying and selling.</p>



<p>Providing data for planning purposes has largely been outside the purview of the audience measurement systems. When the media business was all about buying and selling that was good enough.</p>



<p>Trading and currencies remain important, of course but there is a gap when it comes to deciding between as opposed to within channels.</p>



<p>For over 50 years that gap has been manfully filled by the TGI – but even TGI media data has been weighted to the currencies.</p>



<p>There’s a need to move forward, to reflect today’s multi-comms world.</p>



<p>The obvious group to fund this advance are those who will benefit from the output – and that means the advertiser.</p>



<p>But who? Which advertiser(s)?</p>



<p>At <a href="https://www.asiconferences.com/when-you-wish-upon-a-north-star-will-the-wfas-cross-media-dream-come-true/">the asi event</a> earlier this month, Sarah Mansfield from Unilever was clear, or clear-ish: “<em>We are very much willing to lead from the front in terms of governance and funding and be actively involved going forward.”</em></p>



<p>I wouldn’t bank that quite yet.</p>



<p>Sarah didn’t actually commit to funding anything. Indeed, when asked a more specific question on funding from Kantar’s Margo Swadley she ducked it and passed it along to ISBA’s Richard Halton who was equally vague on any specifics.</p>



<p>This is in no way unexpected. I would be surprised (delighted, but surprised) if the funding conversation with individual advertisers has moved beyond the conceptual.</p>



<p>I’ve argued (<a href="https://www.bjanda.com/blog/audience-measurement-in-2020-a-blueprint/">here</a> and on stage at last year’s asi) for a levy on adspend to fund cross-media audience research.</p>



<p>That way the largest advertisers pay the most, but everyone contributes. Going cap in hand to the usual suspects, the UL’s, the Coca-Cola’s, the P&amp;G’s is unreasonable. After all why should they shoulder the total burden to deliver something that will hopefully become embedded in how the whole industry works?</p>



<p>I don’t buy the argument that says that this somehow denudes the agencies of the competitive edge gained by an investment in proprietary research and tools. They can still do what they do – but with the added benefit of another base source.</p>



<p>The levy would pay for setting up and running the base cross-media measurement system. It would cover the cost of a small team at the advertiser trade body, along with whatever original work was decided upon and maybe a small amount of ongoing R&amp;D into new techniques and approaches (the measurement of attention might be one such).</p>



<p>A levy would place advertisers at the heart of moving audience measurement into the new integrated comms age.</p>



<p>It would help bring advertising and other communication methods together through a planning methodology that ultimately would save money by reducing duplication and discouraging inconsistencies.</p>



<p>Advertisers have long called for such an approach – this would be a giant step towards facilitating it.</p>



<p>For all, funded by all.</p>
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		<title>Getting Attention at the asi</title>
		<link>https://www.bjanda.com/blog/getting-attention-at-the-asi/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 09 Nov 2020 12:02:48 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1402</guid>

					<description><![CDATA[Disclaimer – I helped the asi team with last week’s annual conference Last week’s asi conference, the annual get together of the video and audio audience measurement community broke new ground, and not just because it was a virtual as opposed to a physical gathering. It featured a session devoted to the concept of attention; [&#8230;]]]></description>
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<p><strong><em>Disclaimer – I helped the asi team with last week’s annual conference</em></strong></p>



<p>Last week’s asi conference, the annual get together of the video and audio audience measurement community broke new ground, and not just because it was a virtual as opposed to a physical gathering. It featured a session devoted to the concept of attention; it was the best ‘attended’ event asi has run; it attracted an audience from a number of disciplines beyond pure audience measurement; and it generated a wider, and a more lively debate than usual (and most asi’s in my experience are good at debate).</p>



<span id="more-1402"></span>



<p>I chaired the attention session, containing some excellent papers and discussion.</p>



<p>First, if you wanted to see presentations summing up the best of the different approaches being used around the world all in one place we had Karen Nelson-Field from Amplified Intelligence in Australia, Mike Follett from Lumen in the UK and Yan Liu from TVision in the US.</p>



<p>Their approaches are different as indeed were their presentations. Karen presented new work from Germany, Austria and Switzerland and introduced her company’s new planning tool currently in trial.</p>



<p>Mike and Yan both illustrated the benefits of attention and the ways in which their approaches have been and are being more and more widely used.</p>



<p>We heard too from Sorin Patilinet from Mars, Colin Gottlieb from LadBible and Dino Myers-Lamptey from The Barber Shop on how they are going beyond the more traditional audience numbers to incorporate attention, or some notion of quality of exposure into their thinking, their selling and their plans.</p>



<p>From the more traditional media vendors Mark Barber from The Radio Centre made the point that attention is not a one-size-fits-all concept across media channels, and that there’s a difference between hearing and listening (both have a value). And Neil Mortensen’s (from ITV) fly on the wall approach, watching families watching TV was fascinating, producing results that seemed to be consistent with Karen Nelson-Field’s broad conclusions.</p>



<p>Asi will be making the recordings available – I strongly advise anyone interested in media beyond the traditional numbers to ask for access.</p>



<p>Beyond the papers it struck me that some people seem to find it hard to think beyond a black / white approach.</p>



<p>Nobody seriously thinks that a measure of attention will replace the measurement of audience size, and yet some of the questions seemed to come from a point that you have to have one or the other, but having both is somehow impossible.</p>



<p>The currency data we have today emerged from a place where media was all about trading. Us oldies know our history, the meetings in Fleet Street pubs, the ad agencies buying as much space as they could (back then newsprint was in short supply) then working out what to do with it, and so on.</p>



<p>Even today far too many clients talk of ‘my media buying agency’ as if that was all the agency did.</p>



<p>The terminology may seem trivial but it is important – if clients really believe that all agencies do is buy then that’s all they’ll pay for.</p>



<p>If agencies don’t provide the evidence, the benefit to their clients in planning then they can’t complain if they don’t get paid for that part of what they do.</p>



<p>But we all know that agencies do far more than buy (to my point of the dangers of becoming binary, yes I know buying is important too).</p>



<p>We are slowly moving away from this obsession with buying. ‘Campaign’ hasn’t carried a story of how Agency X has withdrawn its clients’ money from Media Vendor Y for months, even years.</p>



<p>The great benefit in measuring attention, however you do it is that it moves the narrative along. It allows agencies to quantify the quality of the exposure, as opposed to simply believing that first-in-break, or first RH page are somehow ‘better’. And it provides a simple way of building quality and not just quantity into the agency’s output.</p>



<p>The asi session contained a poll amongst those attending. The question posed was: “Do you think that our trading currencies should adapt to include some measure of attention alongside the traditional measure of numbers viewing?”</p>



<p>Adapt, not replace. Alongside not instead of.</p>



<p>62% answered ‘yes’.</p>



<p>Change is coming; credit to the Karen’s, the Mike’s and the Yan’s for driving it along.</p>
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		<title>Straws, Scraps and Intuition</title>
		<link>https://www.bjanda.com/blog/straws-scraps-and-intuition/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 30 Oct 2020 09:07:34 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1399</guid>

					<description><![CDATA[One of my favourite quotes from the great Jeremy Bullmore goes as follows: “People build brands the way birds build nests. Through the straws and scraps they chance upon.” It’s a wonderful summation of how it’s people who build brands – and why all channels, all the straws and scraps have to work together, to [&#8230;]]]></description>
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<p>One of my favourite quotes from the great Jeremy Bullmore goes as follows: “People build brands the way birds build nests. Through the straws and scraps they chance upon.” It’s a wonderful summation of how it’s people who build brands – and why all channels, all the straws and scraps have to work together, to fit together to build the whole.</p>



<span id="more-1399"></span>



<p>There’s a lesson too for how we work.</p>



<p>This coming week sees the annual asi video and audio audience measurement conference, this year virtual, of course and consequently attracting a wider audience than usual.</p>



<p>The asi event has been going for nigh on 30 years. It’s a coming together of those who measure audiences, those who care about the techniques and the results that emerge from different variations.</p>



<p>Audience measurement along with data and an understanding of a client’s business, provide the raw materials but those alone aren’t sufficient to create a plan.</p>



<p>For that you need intuition, and a degree of integrity in how you apply it.</p>



<p>This is something we often forget in a world of optimisers, spreadsheets, and the latest shiny tool.</p>



<p>Intuition in the media world as in most others comes with experience, with an innate understanding built over time of how different channels work, how they fit together, how they combine to create a campaign.</p>



<p>There’s no single course teaching ‘intuition’ or ‘experience’, but there are events where you can learn where to find and how to use the straws and the scraps. Over time, the more you learn, the more valuable you become. But you have to serve your time.</p>



<p>Some learn quicker than others, some develop their skills further, some become expert at recognising it in others.</p>



<p>As Steve Jobs once said: “Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something.”</p>



<p>It’s the same with great planners. They put in the hours, they spend ages on the data and the research, then they ‘just see something’.</p>



<p>I’ve always maintained that you can tell you’re in the presence of serious talent when your reaction to some insight is ‘Well yes, duh, of course.’ But at the same time you know you would never in a million years have come up with that thought.</p>



<p>As a child I used to enjoy ice galas. My favourite bit was the guy who came on, flailed around, almost fell dozens of times, knocked everything over, then somehow managed to get off without injuring himself and others.</p>



<p>I was told he was the best skater. He had to be brilliant to be that apparently bad.</p>



<p>He’d learnt his craft, he’d earned the right to showcase his skills in his own way.</p>



<p>We are in severe danger of believing in the power of the shortcut, and of letting machines replace craft skills.</p>



<p>Learn where to find the straw and the scraps; without them there’s no nest.</p>
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		<title>Measurement Watch</title>
		<link>https://www.bjanda.com/blog/measurement-watch/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 22 Oct 2020 13:03:27 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1395</guid>

					<description><![CDATA[Disclosure: I help asi with their annual conference and will be chairing a session at the 2020 virtual event At the start of this year (on January 9th) The Cog Blog came out with the traditional list of predictions for the year 2020 to come. Amongst these was the following: ‘Media runs on measurement. If [&#8230;]]]></description>
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<p><strong><em>Disclosure: I help asi with their annual conference and will be chairing a session at the 2020 virtual event</em></strong></p>



<p>At the start of this year (on January 9<sup>th</sup>) <a href="https://www.bjanda.com/blog/lessons-to-be-learned/">The Cog Blog</a> came out with the traditional list of predictions for the year 2020 to come. Amongst these was the following: ‘Media runs on measurement. If the measurement is wrong, or not there, or not validated objectively then we’re all in trouble. Anyone who thinks otherwise is in for a nasty shock when they wake up to find that the ground beneath their feet has turned into a rather nasty, messy bog’.</p>



<span id="more-1395"></span>



<p>On November 2<sup>nd</sup> the audience measurement community, or rather those bits of it concerned with video and audio media forms meets at the annual global asi Conference. This is the world’s premier event on the subject, having covered all manner of measurement changes over the last 30-odd years.</p>



<p>This year is different, and not just because it’s virtual, lasts five days instead of three with each daily session lasting just 2 hours. It’s also free to ‘attend’ – the organisers feel, correctly that this is a critical time for audience measurement and thus the widest possible range of views should be sought.</p>



<p>It’s also different because we are witnessing a changing of focus.</p>



<p>Audience measurement has always been a rather arcane topic. Yes of course it’s critical that BARB etc gets it as right as possible but ‘right’ used to, and still does mean ensuring statistical and technical rigour.</p>



<p>Debates on smart meters might not be for everyone but thank goodness they’re for someone.</p>



<p>The changes coming follow on from the media world’s move away from an obsession with buying to a greater focus on planning.</p>



<p>Planning involves thinking across media. Buying means focussing within media. Measurement has been within media; now it needs to stretch beyond its boundaries.</p>



<p>This does not mean that to add something we have to lose something else, that within media measurement somehow becomes less important. It’s just that we need to add a planning layer.</p>



<p>Surely we can hold two ideas in our heads at the same time?</p>



<p>Planning measures have always hit a funding barrier. Within media is straightforward; the media vehicles pay to measure the audiences they deliver.</p>



<p>But who pays for cross-media? The agencies have no money, nor have they the focus or even the resources. The media vendors will pay as long as they set the rules, which immediately introduces biases and politics to the world of objective measurement. That leaves the advertisers.</p>



<p>Advertisers have never truly paid for audience measurement. Yes, back in the day (in the UK) ISBA, or rather Procter and Gamble, Mars, Unilever and a very few others would participate in the debate. But their argument was that they paid for the advertising anyway, a validated audience measurement system was fundamental to their spending anything, so the vendors and the agencies had to pay.</p>



<p>It’s interesting to speculate what would have happened had the vendors said no, or that they would confine their measures to what they had to do in order to fulfil their programming requirements, and not bother with anything to do with ads.</p>



<p>Would the P&amp;G’s have stopped spending?</p>



<p>Anyway, that’s all in the past, and is speculation. Remove the vendors (if you were a broadcaster would you pay to measure Facebook’s audience?), forget the agencies and we are back with the advertisers.</p>



<p>One thing audience measurement does not need is constant change. Plans need to be built on a stable system, a stable set of accepted principles. Chopping and changing is bad.</p>



<p>What’s needed is an advertiser-funded, advertiser-driven system.</p>



<p>It may very well be that the advertisers can recoup their costs by charging all media forms covered by the system, and the agencies for access, but the media forms still have to cover their own within-media research too.</p>



<p>There are two options.</p>



<p>Option one has the advertisers, through their trade bodies driving towards a cross-media measurement system via some form of subscription which will not guarantee stability or consistency over time.</p>



<p>Delivering option one will be a great achievement, but is at the mercy of whoever funds the work. At the moment it looks suspiciously like Facebook and Google are carrying a large part of the burden on the basis that <a href="https://www.bjanda.com/blog/cracked-it/">he who pays the piper…</a></p>



<p>Option two creates a funding mechanism – my preferred version is a levy on ad spend – that survives (if only through apathy), is neutral to any media form and is consistent.</p>



<p>ISBA and the WFA are both participating in the debate at the asi event.</p>



<p>It should be a fascinating event, even for non-researchers who can pick the sessions they wish to attend.</p>



<p><a href="https://www.asiconferences.com/">Book now</a> whilst there are still places available. Bookings close on 23rd October.</p>
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		<title>More Wise Guys</title>
		<link>https://www.bjanda.com/blog/more-wise-guys/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Oct 2020 15:14:30 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1392</guid>

					<description><![CDATA[The Cog Blog a couple of weeks ago contained some lessons I’ve learned over the years, illustrated with real-life examples. I asked the great Cog Blog reading population – an ever growing not to mention discerning group – to contribute to the follow-up. One that did, and who didn’t insist on anonymity was Pam Vick, [&#8230;]]]></description>
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<p><a href="https://www.bjanda.com/blog/wise-guy/">The Cog Blog</a> a couple of weeks ago contained some lessons I’ve learned over the years, illustrated with real-life examples. I asked the great Cog Blog reading population – an ever growing not to mention discerning group – to contribute to the follow-up.</p>



<span id="more-1392"></span>



<p>One that did, and who didn’t insist on anonymity was Pam Vick, ex Leo Burnett, now running <a href="https://www.caspiaconsultancy.co.uk/">Caspia Consulting</a>. I’m grateful to Pam, whose ‘lesson learned’ is below.</p>



<p>To recap, I listed four lessons:</p>



<ol type="1"><li>Love ‘the work’</li><li>Take responsibility</li><li>Clients are always right, except when they’re not</li><li>It’s the client’s money</li></ol>



<p>Here are some more.</p>



<p><strong><u>Lesson 5: Be polite; be professional</u></strong></p>



<p>The other day I timed how long it took me to type ‘I’m really sorry I had to cancel our meeting, something unavoidable came up. I will I promise refix.’ It took 20 seconds, and I’m slow.</p>



<p>It really isn’t hugely hard to be polite.</p>



<p>When I was a media agency guy I was (apparently) known for being easy to get in to see. This wasn’t altruistic; I always thought there was a chance that the person I was seeing would have a good idea that I could use and naturally pass off as my own. After all, no-one knows their product better than those selling it.</p>



<p>Now that I’m a consultant with neither a title nor any corporate infrastructure around me I find it extraordinary how rude people can be. Like many others I’ve been kept waiting for hours, not had calls or emails returned, and had meetings that had been set up for weeks cancelled without any explanation.</p>



<p>I get it that people are busy. A dog chasing its tail is busy.</p>



<p>One major media agency was asked to see us by their largest global client. We duly arranged to come in to see the executive mentioned with a presentation, involving thousands of pounds worth of kit and prototypes (this was a gaming business). Reminders and invitations were sent and acknowledged.</p>



<p>Come the day, the person concerned a) forgot we were coming; b) hadn’t bothered to invite her colleagues (the client asked us to be sure to see the whole team); c) hadn’t booked a meeting room; d) with bad grace eventually agreed to see us in the agency’s basement café; e) spent 10 minutes telling us about her forthcoming holiday; f) had a secretary come over 10 minutes later with a trumped up excuse that she had to leave to go somewhere else.</p>



<p>At no stage did the executive apologise or even admit she had made a mistake. There was no suggestion of a follow-up.</p>



<p>I can’t help but smile when I’m approached for advice by people who ignored the present me for years whilst they were in a big job, but who are now suddenly out on their own and think that, all of a sudden I might be helpful.</p>



<p>Of course, I always see them. I might learn something.</p>



<p><strong>Lesson 6: Celebrate the craft</strong></p>



<p>None of us really knows how advertising works.</p>



<p>What we do know is that some advertising has worked, and some hasn’t. And we’re quite good at explaining why, after the event.</p>



<p>Some of the most useful sessions I was ever involved in within agencies were the ones spent with multiple clients just chatting over the latest award winners, the stories behind them and what made them great.</p>



<p>Be they Cannes winners, or IPA Ad Effectiveness awards entries there are always lessons to be learned.</p>



<p>Spending time with clients talking about the craft of advertising, or media planning, with no specific agenda and no pressure works well and communicates far more than perhaps you might think.</p>



<p><strong>Lesson 7: Don’t prejudge the channel (with thanks to <a href="https://www.caspiaconsultancy.co.uk/">Pam Vick at Caspia Consulting)</a></strong></p>



<p>When a prospective client calls to ask for advice it’s surprising how often they’ve already decided what they need to do to solve their marketing problem.</p>



<p>For instance, what they know they want is quite often a brochure.</p>



<p>Why? “Because we don’t have one / need a new one”.</p>



<p>It’s remarkable how often clients start from the wrong end.</p>



<p>The need is not for a new version of the old thing, but to think through such basics as what you want to achieve and who you need to reach to achieve it.</p>



<p>Then you get to move on to the fun bit; deciding on the strategy and the (mix of) channels best suited to achieve your goals.</p>



<p>The answer may be a new brochure. It probably isn’t.</p>



<p><strong>Lesson 8: Saying it isn’t the same as doing it</strong></p>



<p>I once worked for one of the largest market research businesses in a global role. Early on, as the new boy, I was invited to present to the UK management team on what I was planning to do, as part of a ‘vision away day’.</p>



<p>The team were clear as to their vision: they were going to stop being researchers and start being consultants. That way they could move to a different fee structure, and charge more (I paraphrase, probably unkindly).</p>



<p>There was no talk of hiring people better suited to the new vision; no talk of bringing in a different type of graduate; no talk of retraining, restructuring or cutting out the deadwood to encourage the new growth.</p>



<p>In their minds it was simple. They had smart people, all that was needed was a clearly articulated vision.</p>



<p>When banks discovered marketing back around the early 1960’s it was always said that the key word in the title Bank Manager was Manager. Once a Manager you could manage anything, your skill was transferable.</p>



<p>Here’s news: it isn’t true.</p>
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		<title>Repeating Our Mistakes</title>
		<link>https://www.bjanda.com/blog/repeating-our-mistakes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Oct 2020 13:33:51 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1388</guid>

					<description><![CDATA[That great cartoon-strip philosopher Charlie Brown once said: “I have been repeating the same mistakes in life for so long now I may as well call them traditions.” Had Charlie Brown ever grown up he may very well have enjoyed a successful career in advertising. There’s a fine line between harking back to ‘the good [&#8230;]]]></description>
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<p>That great cartoon-strip philosopher Charlie Brown once said: “I have been repeating the same mistakes in life for so long now I may as well call them traditions.” Had Charlie Brown ever grown up he may very well have enjoyed a successful career in advertising.</p>



<span id="more-1388"></span>



<p>There’s a fine line between harking back to ‘the good old days’ whilst sucking on a pipe and criticising those who’ve come later; and referencing the past with the aim of avoiding making the same mistakes again.</p>



<p>For example, it’s become rather fashionable to believe that many of the problems facing the advertising industry today started with the break-up of the old-style full-service agencies.</p>



<p>Those of us who worked in full-service agencies, and there are one or two of us left believe it or not, don’t agree.</p>



<p>Certainly it’s easier to work in an integrated fashion when you’re all in the same space, but the distance between certain media people, and certain creatives had less to do with physical distance and more to do with attitudes and states of mind.</p>



<p>At the same time, the best media people today have no problem working closely with the best creatives, regardless of where both sit.</p>



<p>Some, like MullenLowe’s MediaHub and VCCP Media have fine-tuned the old model and made it fit for purpose in today’s world. Others will no doubt copy them.</p>



<p>Media agencies started and flourished because those running full-service agencies (in the majority of cases account people) under-valued the media department’s contribution and growing importance.</p>



<p>Agency managements didn’t spot the coming storm – and to the great surprise of account people everywhere advertisers did. Hence the massive media agency business of today.</p>



<p>Ignoring something because it doesn’t fit your own narrow narrative is dangerous. Account people saw themselves as guardians of the client’s business. I could fill a book with examples of arrogance, condescension, threats and worse.</p>



<p>The account guys saw themselves as running the business, everyone else was there to do the colouring-in.</p>



<p>Clients, even then, wanted access to those doing the colouring-in.</p>



<p>Today, media agency managements are in danger of making the same mistake when it comes to planning and research.</p>



<p>In the era dominated by deals and trading, media planning became a front-of-house irrelevance to many management teams, crucial at pitch time, but to be subsumed into agency deals the rest of the time.</p>



<p>Now that we’re in the data era there is an equally dangerous focus on automated tools, often at the expense of creative human thought.</p>



<p>The clue is in the word ‘tools’. The best media strategies and plans mix creativity with data; data is accessed by tools. It’s dangerous to pick up a tool without knowing what it can and can’t do.</p>



<p>You may not know how it’s constructed, but you have to know what it’s for.</p>



<p>Audience measurement is a key tool – you can’t do your job without it, but if you pick up the bargain pack from the basket by the till the odds are you’ll find it’s the wrong thing for to the task.</p>



<p>Anyone who’s tried to bash in a nail with a screwdriver will know what I mean.</p>



<p>Audience measurement might be arcane, and complicated, and the people responsible for it don’t exactly make the subject accessible but it is the bedrock of so much of what media agencies do.</p>



<p>Media agency managements don’t need to understand the ins and outs of measurement but they do need to encourage and provide support and leadership to those who do.</p>



<p>If they don’t do this (and most haven’t, and aren’t) then they give up the right to complain that the tool created doesn’t meet their needs. In the vernacular they become rule-takers not rule-makers.</p>



<p>Too many media agency managers are like the account men of the full-service era. They’re blind to changes in their clients’ priorities, believing that above all else what he or she wants is the old model, the only question is what colour they would like it in.</p>



<p>Clients want integrated thinking across communication forms and disciplines. This used to be so obvious a statement as to be un-necessary (anyone else remember Y&amp;R’s ‘whole egg’ approach, or Leo Burnett’s ICS?), but today’s over-siloed industry needs reminding of its importance.</p>



<p>At this point we can cue every conference speech ever given or trade press article written by a media agency CEO over the last five years. Everyone loves talking about integration, but what many don’t enjoy quite so much is explaining how they intend to go about achieving it.</p>



<p>A cross-media approach to audience measurement plays a vital role in the delivery of integration.</p>



<p>It might sound arcane and complicated – and to an extent it is but try building a house without the right tools.</p>



<p>The early media agency entrepreneurs were helped to succeed by a lack of vision from full-service agency managements, combined with the foresight of their clients.</p>



<p>It would be ironic if their successors made the same error.</p>



<p>Charlie Brown never grew up, of course. His creator just shuffled off to that great pumpkin patch in the sky.</p>
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		<title>Eyes on the Prize</title>
		<link>https://www.bjanda.com/blog/eyes-on-the-prize/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 02 Oct 2020 14:00:13 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1386</guid>

					<description><![CDATA[In the last few days, egta, the European Association of TV and Radio Sales Houses published a comprehensive report into advances in hybrid television audience measurement. I don’t pretend to have read it – it runs to 104 pages and is really a source document outlining the options available – but fortunately I know a [&#8230;]]]></description>
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<p>In the last few days, egta, the European Association of TV and Radio Sales Houses published a <a href="http://egta.com/uploads/000_publications/2020_egta_insight_vam.pdf">comprehensive report</a> into advances in hybrid television audience measurement. I don’t pretend to have read it – it runs to 104 pages and is really a source document outlining the options available – but fortunately I know a man who has who assures me it is both comprehensive and useful.</p>



<span id="more-1386"></span>



<p>I don’t doubt it. Trade bodies hire smart people; and those smart people have access to legions of other smart people. In this particular case, egta lists 29 contributors from (unless I’ve mis-counted) 10 markets</p>



<p>Of specific interest and relevance at the moment is Part 4, ‘which outlines recent examples of industry collaborations and initiatives which aim to raise the bar in cross-media / total video audience measurement’. This is the bit that acknowledges the work being undertaken at the moment by advertiser groups the WFA, ISBA and the ANA.</p>



<p>Egta rightly point out that they have been keen to collaborate in these initiatives, hosting their own mini-conference in January this year attended by around 150 stakeholders.</p>



<p>I’m not sure which outputs from this event found their way into the WFA / ISBA / ANA work. I hear not many.</p>



<p>And right there, it seems to me is the problem.</p>



<p>The advertiser groups have correctly identified the issue – the need for an accepted cross-media measurement system. They’ve issued a framework document for peer review, although quite how widely that particular net was cast seems questionable, and this global framework has been carried through to the US and UK local associations.</p>



<p>So far, so grand.</p>



<p>But for this to work, it needs a roadmap, and someone keeping their eyes very firmly fixed on the end goal.</p>



<p>At the moment, it appears that the people driving the car are Facebook, Google and the other major platforms.</p>



<p>They wrote the framework document; they are the ones devoting the time and the energy to the project.</p>



<p>It is right that they should be heavily involved of course, but I would question whether you really want a cross-media system designed by people whose interest is both limited (in the cross-media sense) and inherently biased.</p>



<p>The WFA, ISBA and (I bet) the ANA are stretched, and under-resourced. They’ve taken on a mammoth task.</p>



<p>So when a couple of fairy godmothers appear waving resources, data, and no doubt some commitment to cash it is extremely hard to turn them away.</p>



<p>He who pays the piper calls the tune. We all know it and we should beware.</p>



<p>Advertiser trade bodies were quite right to become involved in audience measurement. In so doing they have come across two well-known, highly visible barriers, one political, one technical. The politics (or rather the money) defines the technical journey.</p>



<p>How we measure audience impacts the reported size of the audience. Many have believed, for decades that the larger the audience the greater the revenue.</p>



<p>Suggestions from vendor researchers that we could all (for example) learn a lot from how people read or view, or how the audience’s attention varies were typically filed away in the nearest bin.</p>



<p>Apply any filter to anything and the gross number goes down. And the media buying and selling business only cared about gross numbers.</p>



<p>We know, we have always known that people view TV programmes differently, genre to genre, time of day to time of day.</p>



<p>We know that the social platforms deliver a service that many love – but in a transitory ‘give me what I need to know and move on’ way.</p>



<p>We know that magazines are read with different degrees of intensity in different circumstances. That the placement impacts the engagement.</p>



<p>Every so often someone pops up with some research designed to keep the sceptics quiet, meanwhile the selling of gross numbers continues merrily along.</p>



<p>Well, we seem eventually to be at least discussing moving away from the large stick that is unqualified gross numbers to some sort of shaped tool, or nuanced data. It’s only taken us 50-odd years, but hey…</p>



<p>The problem is that what’s good for one is bad for another. Live TV is losing audiences but it’s attracting advertisers because it works. It works because it engages viewers.</p>



<p>Facebook (and the rest) deliver massive audiences with unprecedented &nbsp;amounts of data attached. But they’re under-used for brand building because they don’t engage.</p>



<p>To be over-simple; Facebook and their like need to focus on how big; the broadcasters need to demonstrate how engaged.</p>



<p>The WFA, ISBA and the ANA must be careful. They need to keep their eyes on the prize and not be distracted by shiny solutions created by those with the resources to give the time to a system that benefits them above all.</p>



<p>There are a lot of smart people around. Many don’t work for Facebook or Google.</p>



<p>It would be wise for the advertiser bodies to engage with the likes of egta, and indeed others more than they appear to have done to date.</p>



<p>That will take resources and money – but if advertisers are truly serious about driving the industry forward in a solution-neutral manner (as I believe they are) then they need to pay attention to establishing a broad-based financial solution that funds a multitude of opinions and experts over a considerable time.</p>



<p>One thing’s certain: Facebook and Google (etc) will be expecting a return from their investment in outlining the cross-media measurement system of the future.</p>
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		<title>Cracked It?</title>
		<link>https://www.bjanda.com/blog/cracked-it/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Sep 2020 14:22:30 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1377</guid>

					<description><![CDATA[‘WFA says it has cracked cross-media measurement’ screamed the headline in ‘Campaign’ last week. The body of the article of course was a lot less hysterical. ‘Campaign’ headlines sometimes err on the side of over-enthusiasm, but this example really doesn’t do anyone any favours. This is not to diminish the ambition of the WFA in [&#8230;]]]></description>
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<p>‘WFA says it has cracked cross-media measurement’ screamed the <a href="https://www.campaignlive.co.uk/article/wfa-says-cracked-cross-media-measurement/1694706">headline in ‘Campaign’</a> last week. The body of the article of course was a lot less hysterical. ‘Campaign’ headlines sometimes err on the side of over-enthusiasm, but this example really doesn’t do anyone any favours.</p>



<span id="more-1377"></span>



<p>This is not to diminish the ambition of the WFA in entering the bear-pit of cross-media measurement. They’ve done a fine job defining the task, specifically around understanding more about the net reach delivered via (in particular) Goggle and Facebook, and to edge towards some standardisation in certain definitions.</p>



<p>They have delivered a framework covering Governance, Standards and Metrics, Privacy and Technical Infrastructure.</p>



<p>The WFA’s process understands that different media measurement customs and practices have grown up alongside trading conditions that vary from country to country. It therefore makes sense to expect local associations to come up with their own solutions building from the WFA’s framework.</p>



<p>Almost a year ago, the UK advertiser trade association, the ISBA announced their version, Project Origin from the stage at the annual asi conference. I chaired that session and took soundings afterwards. It’s fair to say there was some scepticism amongst the multi-national audience measurement community.</p>



<p>But here we are, close to the first anniversary of the unveiling and ISBA’s approach is very much alive and kicking. With admirable symmetry, asi is interviewing the ISBA team as a part of their virtual conference this November.</p>



<p>But, and it’s a very big BUT media measurement is a marathon, or rather multiple marathons, not a sprint.</p>



<p>It might all sound rather tiresome to those who expect to place an ad on Day Zero, and to receive definitive results by close of play that same day, but changing how an industry thinks and behaves takes time, and a lot of hard work.</p>



<p>There are many constituencies to satisfy, for one thing. What’s the point of a Google / FB driven solution that is rejected by the major broadcasters? Or the largest newsbrands? Or indeed vice-versa?</p>



<p>But, as ISBA has recognised you have to start somewhere, and as the old joke goes the way to eat an elephant is one small bite at a time.</p>



<p>Google and FB (and no doubt the other platforms too) have been brought together and are we are told collaborating – which in itself is no small achievement, but where that gets us is to a measurement system acceptable to the platforms.</p>



<p>In other words, cross-platform, but not cross-media. A milestone, but not a destination.</p>



<p>There are strategic issues too, that sit alongside the formidable technical barriers and which need to be at least thought through, and eventually overcome.</p>



<p>How does a WFA initiative in which Facebook is a key partner sit alongside the decision of many prominent WFA members to boycott FB as an advertising channel? Is the spoon long enough to sup with this particular devil?</p>



<p>Are we to believe that the platforms’ historic lack of transparency when it comes to opening up their datasets to independent investigation is going to be set aside? If so, then great, if indeed they’ve agreed to any such thing.</p>



<p>Don’t let’s forget that the WFA, following P&amp;G’s <a href="https://www.bjanda.com/blog/a-period-of-introspection/">Marc Pritchard’s famous 2017 speech</a> issued its Global Media Charter in June 2018. Here’s the relevant elements from that Charter summarised in a chart presented at the 2018 asi conference:</p>



<p><strong>Third-party verification and measurement as a minimum requirement</strong></p>



<ul><li>Self-reported data is unacceptable, and advertisers need third-party verification that inventory is viewable, fraud free, brand safe and on-target. Advertisers commit to prioritise … companies who are audited and certified by the relevant industry-approved bodies.</li></ul>



<p><strong>Removal of ‘walled garden’ issues</strong></p>



<ul><li>Data and technology should be unbundled, allowing advertisers to use the third-party buying platform of their choice in any and all environments. Publishers and platforms should work to create a solution that provides impression level data…</li></ul>



<p>Will the platforms agree to open up their walled gardens? And what if they don’t?</p>



<p>Given the cross-media ambition, have the WFA, ISBA and the American ANA taken into account the views of (as examples) ‘The Guardian’? ‘The Mail’? Global Radio? JC Decaux? All are after all large global media players.</p>



<p>As to the broadcasters, their European sales organisation, EGTA organised a gathering in January to discuss the WFA initiative but how much of that thinking found its way into the published document?</p>



<p>And where are the agencies? Those thought leaders, those media visionaries? Nowhere to be seen. What an abdication of responsibilities to their advertisers.</p>



<p>Then there’s funding. The <a href="https://www.bjanda.com/blog/audience-measurement-enter-the-advertiser-part-2-who-pays/">Cog Blog has covered this before</a>, but it has to be said again: someone has to pay for this cross-media stuff. You’re not going to find the broadcasters paying for something that disadvantages them; nor will FB et al carry any funding burden when advertisers, as they certainly should, start to introduce a quality of exposure measure, like attention to any cross-media audience metrics.</p>



<p>The beneficiaries should expect to pay; and in this case the only neutral beneficiaries are the advertisers. A levy is the sanest solution.</p>



<p>The WFA / ISBA naturally enough want to demonstrate progress (hence ‘Campaign’), and the starting point has been to stop the squabbling amongst the platforms. To do that is no small achievement, but there’s a very long road ahead, with technical not to mention political pitfalls lurking around every bend.</p>



<p>Don’t count your chickens until they’re hatched. Regardless of the number of cracks in the shell.</p>



<p><strong><u>A Sad Postscript</u></strong></p>



<p>Jamming a quote from Harold Evans (whose death at the age of 92 was announced just as I was finishing this post) into a piece on audience measurement might be a stretch (not to mention opportunistic) but here’s the greatest Editor of my generation on journalism:<br><br><strong>“In journalism it is simpler to sound off than it is to find out. It is more elegant to pontificate than it is to sweat.”</strong></p>
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		<title>Wise Guy</title>
		<link>https://www.bjanda.com/blog/wise-guy/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 11 Sep 2020 11:05:58 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1372</guid>

					<description><![CDATA[You may have noticed me banging on about the benefits of experience lately – here – along with a defence of the older adman. You may very well ask: what do you know? Who are you to lecture the young and vibrant with your talk of the last century, of full-service agencies, of long lunches [&#8230;]]]></description>
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<p>You may have noticed me banging on about the benefits of experience lately – <a href="https://www.bjanda.com/blog/the-perils-of-knowing-too-much/">here</a> – along with a defence of <a href="https://www.bjanda.com/blog/mark-reads-folly/">the older adman</a>.</p>



<p>You may very well ask: what do you know? Who are you to lecture the young and vibrant with your talk of the last century, of full-service agencies, of long lunches and longer afternoons?</p>



<span id="more-1372"></span>



<p>It’s a fair point, so from time to time (depending on the response to this post ‘from time to time’ might well turn into ‘never again’) I’m going to try to illustrate some lessons that I’ve learned over the years, sprinkled with real-life examples.</p>



<p>If you’re reading this and you think, yes I have many examples of lessons I’ve learned, and if you’re prepared to be quoted and to share them then let me know and I’ll try to feature them.</p>



<p>Buckle up.</p>



<p><strong>Lesson 1: You have to love ‘the work’</strong></p>



<p>When I got my first proper job in an agency, Davidson Pearce, <a href="https://www.bjanda.com/blog/memories-of-norman-berry/">Norman Berry</a> then the agency’s Creative Director and beating heart told me: ‘You have to eat and breathe advertising. You have to think about it the whole time. You have to love ads.’</p>



<p>Norman may very well have been a tad obsessive, but he had a point. Back then we all, from media research junior (me) through to CEO were all more than aware of, and proud of the agency’s creative work.</p>



<p>Ben Langdon, hiring me decades later at Universal McCann said something similar. When I asked him why he had hired me he said: ‘You are interested in ‘the work’. You care about it.’</p>



<p>At the time I really wasn’t in any way unusual.</p>



<p>I think today I would be. Far fewer people, certainly outside of creative departments, care about the ads. The centre of gravity within the business has swung from creative to media – which (and I’m a media guy) is akin to removing its heart and replacing it with a machine.</p>



<p>If we don’t care about the ads, why should the public?</p>



<p><strong>Lesson 2: Take responsibility</strong></p>



<p>At Davidson Pearce, through a strange set of circumstances I found myself, by now head media research person (within a department of one), getting the agency into a position from where it had a good chance to win ‘The Observer’ account.</p>



<p>I worked with Norman on the pitch, persuaded him he had to break his rules about speculative creative and together we won the business.</p>



<p>I then asked if I could double up, which is how I came to be head of media research and account director. I argued that if the agency had a category expert in house then that person should run any account within that category. I was modest as you can tell.</p>



<p>It seemed to me that I should take responsibility – which, after all is what I had told the client in the pitch.</p>



<p>‘The Observer’ advertising won a string of awards, mainly for <a href="http://www.hatads.org.uk/catalogue/record/075a74b4-4c30-4a6b-b67c-185dfdf551e0#.WZBpf1ON_bI.email">this film</a>.</p>



<p>I am proud of some things I’ve done but throughout my career I’ve also made any number of mistakes. One of my TV buyers once forgot to buy a minor ITV region for a brand launch; we miscalculated the savings to be made on a particular negotiation and over-promised to the client; I (more than) once failed to check charts before a presentation. And many, many more.</p>



<p>I’ve learned that if you make a mistake own up to it immediately. Assuming it won’t be noticed, or that someone else will cover it up only ends badly.</p>



<p>And if you’ve never made a mistake then you’re either delusional or you’ve never done anything great either.</p>



<p><strong>Lesson 3: Clients are always right, except when they’re not</strong></p>



<p>Clients hire agencies to help them sell more stuff, enhance their reputations, persuade investors to back them and so on.</p>



<p>They don’t or shouldn’t hire agencies to agree with them.</p>



<p>Yet we so often do this.</p>



<p>At Leo Burnett one of the international account guys once announced he intended to start a new type of agency, the Yes Agency. Whatever the client wanted, however foolish or mundane that would be what the agency would do. Luckily, he wasn’t serious (about starting it; he was deadly serious about the fear we all had that such an agency would succeed).</p>



<p>Richard Wheatly, Leo Burnett’s Chairman once fired Alka Seltzer when the client organised a focus group of his own staff to vote on whether or not our print ad featured a sufficient number of bubbles (we felt it fairly represented reality; the client wanted, needed more bubbles).</p>



<p>Admittedly this was the last of a very long line of straws.</p>



<p>When it comes down to arguing not about the ad but about this or that number of bubbles it’s time to say goodnight.</p>



<p><strong>Lesson 4: It’s the client’s money.</strong></p>



<p>At the end of the day, you can argue all you like but if the client wants to waste his money on this or that channel or medium then it’s his to waste.</p>



<p>I worked on P&amp;G for many years, including a spell in the US. At my first meeting with the global team in Cincinnati the client said something like: ‘You should always recommend what you think we should do; but sometimes your predecessor didn’t know when to stop. We’ll always listen to you, but at the end we may decide to do something different, quite possibly for reasons you’re not party to.’</p>



<p>You have to know when to stop.</p>



<p>You may ask: why is media stuff different from bubbles? One’s art, one’s sophisticated guessing. One matters, one really doesn’t.</p>



<p>If you’re working in advertising today, you’re incredibly lucky. Savour it, love it, care for it.</p>



<p>Pass it on.</p>
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		<title>Mark Read&#8217;s Folly</title>
		<link>https://www.bjanda.com/blog/mark-reads-folly/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 03 Sep 2020 09:39:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Ageism in advertising]]></category>
		<category><![CDATA[Alan Brydon]]></category>
		<category><![CDATA[Bob Hoffman]]></category>
		<category><![CDATA[Campaign]]></category>
		<category><![CDATA[Cindy Gallop]]></category>
		<category><![CDATA[Dave Trott]]></category>
		<category><![CDATA[Effective advertising]]></category>
		<category><![CDATA[Gideon Spanier]]></category>
		<category><![CDATA[Mark Read]]></category>
		<category><![CDATA[WPP]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1369</guid>

					<description><![CDATA[Things always seem to kick off at WPP when I’m away. In April 2018 (when the Cog Blog was on a break..) Sir Martin Sorrell left his creation. This time it’s some poorly thought-through remarks from Mark Read, Sorrell’s successor that have fired up a number of advertising luminaries over the age of 30. Here’s [&#8230;]]]></description>
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<p>Things always seem to kick off at WPP when I’m away. <a href="https://www.bjanda.com/blog/sir-martin-sorrell/">In April 2018</a> (when the Cog Blog was on a break..) Sir Martin Sorrell left his creation. This time it’s some poorly thought-through remarks from Mark Read, Sorrell’s successor that have fired up a number of advertising luminaries over the age of 30.</p>



<span id="more-1369"></span>



<p>Here’s <a href="https://www.campaignlive.co.uk/article/mark-read-reopening-offices-job-cuts-accenture-48-expenses/1692953">what Read said</a> to an analyst as reported in ‘Campaign’: “If you were to sit through a client presentation or if you were to sit through meetings we have, it’s not&nbsp;<em>Mad Men</em>, we’re not sitting there thinking about 30-second TV ads …&nbsp;We have a very broad range of skills and if you look at our people – the average age of someone who works at WPP is less than 30 – they don’t hark back to the 1980s, luckily.”</p>



<p>‘Campaign’ headlined Gideon Spanier’s story: <strong>Mark Read on reopening offices, job cuts, Accenture and his £48 expenses.</strong></p>



<p>The fuss has been rather less about the extravagance of the £48 and rather more about what many see as an ageist remark.</p>



<p>To be fair, Read has (sort-of) apologised (and before someone has a go at me the grammar and punctuation are all his): “All ages are we valued at WPP and the last thing I would want to suggest is otherwise and of course experience is valued. I was asked by an analyst if we had too many people who just did TV ads at WPP and this was my response. I guess I said it to try to make the point that this wasn’t what our people did. I certainly don’t want suggest that age is any way a good thing on its own and I’m sorry that is how it reads.”</p>



<p>First, it’s worth getting even the smallest facts right. The Mad Men era was not the 1980’s. The final series ended with Don Draper dreaming up the famous Coke ‘Hilltop’ ad which aired in 1971.</p>



<p>Next, as Cog Blog aficionado Alan Brydon pointed out on Twitter: “I seem to recall that the 80s were full of stunningly successful ad campaigns, with brilliant creative and media work driving huge sales for clients.”</p>



<p>Advertising today is not exactly brimming over with ‘stunningly successful’ campaigns. Rather, as all kinds of surveys have shown trust in advertising is close to an all time low. Creative standards are by general consent abysmal.</p>



<p>You can argue that this is due to all sorts of factors, but to suggest that we are living through some sort of golden age brought about by the diversified skills of a holding company is as absurd as suggesting that we can learn nothing from the past.</p>



<p>If I was a client looking at the output from my agencies; advertising, media, research, data analytics, PR, social media, influence marketers, I think I may find myself pining for the time when commercial messages of all shapes and sizes just seemed to work better.</p>



<p>Then there’s the age issue. I was genuinely amazed to discover that according to its CEO, WPP’s average age across the business is under 30 (apparently it isn’t, by the way). Admittedly they have sold Kantar – where much experience and wisdom resides – but even so.</p>



<p>Ageism is nothing new, as I know from personal experience. Claire Beale (whom I had never met) wrote a spiteful piece in ‘Campaign’ (the industry’s mouthpiece, remember) when I took over Universal McCann EMEA saying that surely they could have found someone younger for the role. Clients disagreed.</p>



<p>As I write, Gideon Spanier <a href="https://www.campaignlive.co.uk/article/tackling-ageism-needs-move-adlands-agenda/1693227?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20200902&amp;utm_content=Campaign%20Media%20(316)::www_campaignlive_co_uk_ar_1&amp;email_hash=">has addressed the ageist point.</a></p>



<p>It is weird (<a href="https://www.linkedin.com/feed/update/urn:li:activity:6706669057711706112/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6706646286667522048%2C6706669010567753728)">as Bob Hoffman says</a>) that we don’t seem surprised when people over a certain age win the Nobel prize. Or Emmys. Or Oscars. But it is clearly beyond the wit of old gits to write an online ad or plan a multi-media campaign.</p>



<p>There’s also a certain irony that the financial driving force of WPP, GroupM was started and built by the likes of Irwin Gotlieb, Rob Norman, Nick Theakstone, Steve Allen and the rest. No disrespect to them but even back then they weren’t kids.</p>



<p>Shouldn’t the Board and management team at WPP at least reflect this commitment to the young? I haven’t checked, is the WPP Board’s average age younger than that of the average FTSE 100 Board?</p>



<p><a href="https://www.bandt.com.au/cindy-gallop-adlands-ageist-as-fck-because-the-white-men-who-run-it-fetishize-youth/">Cindy Gallop</a>, <a href="https://twitter.com/davetrott/status/1299861714196987908">Dave Trott</a>, Bob Hoffman and many others have done a great job demolishing the age argument but it is worth making the additional point that spending time on great TV ads might be just what clients need.</p>



<p>Not the <strong>only</strong> thing (that <strong>was</strong> a mistake of the past) but big, fame-generating ideas which inevitably start life on TV before taking flight across all communication channels (and not just ad channels), combined with real results tracked and measured by great data people wouldn’t be such a terrible idea.</p>
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		<title>The Perils of Knowing Too Much</title>
		<link>https://www.bjanda.com/blog/the-perils-of-knowing-too-much/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 27 Aug 2020 13:31:06 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1365</guid>

					<description><![CDATA[Just occasionally in amongst the cries for attention and the blatant sales pitches on my LinkedIn feed a gem appears. Admittedly most of these gems tend to be written by one of Dave Trott, Bob Hoffman or Richard Shotton but every so often someone else simply hits the spot. One such piece appeared last week [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Just occasionally in amongst the cries for attention and the blatant sales pitches on my LinkedIn feed a gem appears. Admittedly most of these gems tend to be written by one of Dave Trott, Bob Hoffman or Richard Shotton but every so often someone else simply hits the spot.</p>
<p><span id="more-1365"></span>One such piece appeared last week from Jelena Veselinovic, an integrated marketing professional of many years standing now based in Atlanta, Georgia. You can read <a href="https://www.linkedin.com/pulse/6-good-reasons-why-you-should-never-hire-me-jelena-veselinovic/?trackingId=lQ03lHKWSA0xqilnD0%2F%2FwA%3D%3D">Jelena’s piece here</a>.</p>
<p>Now, having been taken to task by Tom Goodwin for a <a href="https://www.bjanda.com/blog/the-curious-case-of-tom-goodwin-and-what-it-says-about-agencies/">Cog Blog post</a> of a couple of weeks ago on the basis that I wasn’t qualified to comment on either his posts nor his situation with Publicis as I had never met him (a principle that were it to be applied across social media would decimate, if improve the content), I should point out that Jelena was a client of mine for ages when she was at The Coca-Cola Company.</p>
<p>The essence of Jelena’s piece is that her experience helping build Coca-Cola’s business in various parts of the world apparently counts for not very much at all when it comes to evaluating her appropriateness for work in today’s buzzy online world.</p>
<p>It would be funny if she wasn’t exactly right. Experience today seems to count for little, and certainly a great deal less than knowing what the latest acronym stands for or being able to discuss the technical merits of this algorithm over that formula.</p>
<p>Note ‘discuss’ as opposed to ‘understand’.</p>
<p>The great Bob Hoffman, in his AdContrarian role is fond of pointing out how very bad we are at learning from our mistakes, or indeed from our triumphs.</p>
<p>A few years ago I was one of the first-stage judges of the IPA Ad Effectiveness awards.</p>
<p>The eventual winner that year (I believe it was 2014) was Fosters – their excellent ‘Beach-hut’ campaign delivered <a href="https://thebrandgym.com/httpwwwcampaignlivecouknews1319038fosters-good-call-ad-campaign-wins-ipa-effectiveness-grand-prixhayilcrelated/">outstanding results</a> for the business with every pound spent generating £32 in sales.</p>
<p>‘Beach-hut’ was duly dropped a few months later to be replaced by I don’t remember what, before making a reappearance last year.</p>
<p>I don’t recall too many articles on what that decision cost Fosters</p>
<p>Brands refresh their ad campaigns all the time but only the most successful learn, and apply that learning through a consistency of thought and approach.</p>
<p>It may seem obvious but if you consider some of the most iconic campaigns of all time they are put to sleep before their time. Ads wear-out with brand managers way before they wear-out with consumers. Show anyone of a certain age an ad featuring a boy pushing a delivery bike up a hill and they become all nostalgic. Oh, all right, <a href="https://www.youtube.com/watch?v=6Mq59ykPnAE">here it is</a>. 1973, since you asked.</p>
<p>As with creative so with media where the smartest operators are great at absorbing lessons and applying them in whatever circumstances they find themselves in.</p>
<p>Those lessons may involve the importance of reach; the concept of effective frequency; the notion that ads work differently within different contexts; the idea that brand building ads need to wear-in; and the importance of ensuring a consistency of messaging across all channels (and not confining that consistency simply to advertising).</p>
<p>These are universal principles. That’s not to say they should just be applied unthinkingly everywhere, every time but the wisdom within them can be distilled and reapplied.</p>
<p>Understanding these things comes with experience. It’s needlessly expensive to start again every time from scratch and yet time and time again I see articles and posts claiming to discover something that those of around even 10 years ago took for granted. Mind you, we probably thought we had invented them too…</p>
<p>It’s no excuse to say that the world has changed. We all know that’s true but there’s a skill in translating lessons learned in one era to another.</p>
<p>Jelena’s LinkedIn post is titled: 6 Good Reasons Why You Should Never Hire Me. My favourite is: ‘I don’t have performance marketing experience’. To which she responds: ‘Right. I don’t. I only have experience with marketing that performs.’</p>
<p>Experience counts. Ignoring it costs.</p>
<p>&nbsp;</p>
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		<title>The Consequences of the Facebook Ad Blockade</title>
		<link>https://www.bjanda.com/blog/the-consequences-of-the-facebook-ad-blockade/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Aug 2020 11:06:53 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1363</guid>

					<description><![CDATA[A few weeks ago, The Cog Blog commented on the boycotting of Facebook by a variety of big name brands. How’s that been going? This advertiser blockade is nothing like those from the dim and distant past, when advertisers or (more likely their media agencies) would pull spend from publications or broadcasters with whom they [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A few weeks ago, <a href="https://www.bjanda.com/blog/how-facebook-and-friends-derailed-advertising/">The Cog Blog</a> commented on the boycotting of Facebook by a variety of big name brands. How’s that been going?</p>
<p><span id="more-1363"></span>This advertiser blockade is nothing like those from the dim and distant past, when advertisers or (more likely their media agencies) would pull spend from publications or broadcasters with whom they had a particular beef.</p>
<p>Those were almost always a part of the negotiation dance, performed in public. Any kind of lengthy boycott most definitely had an impact.</p>
<p>Facebook really wasn’t ever going to be seriously impacted, financially. In fact when a few hundred advertisers stamped their feet and stopped or suspended spending, the Facebook share price hardly moved.</p>
<p>Facebook has such a massively long tail of advertisers (8 million, generating around US$70 billion in revenue in 2019, according to a <a href="https://edition.cnn.com/2020/06/30/tech/facebook-ad-business-boycott/index.html">report on CNN</a>) that a few months of no cash even from the likes of a Unilever hardly registers.</p>
<p>It would though be wrong to say that just because there is no financial impact Facebook couldn’t care less. They are at heart an advertising business.</p>
<p>What worries Facebook is regulation and taxes – they would really far rather have the bare minimum of either. Unfortunately for them various Governments would prefer rather more of both, and these Governments, or their agencies (select committees and equivalents) are starting to make some uncomfortable (for Facebook) noises about enquiries, investigations and the like.</p>
<p>And who might these agencies call to give witness? Who might be amongst those that they might be inclined to listen to? Whose lobbying is likely to cause them to investigate further and wider?</p>
<p>Yes, those large corporations, political party donors and captains of industry, otherwise known as major advertisers.</p>
<p>Politicians have never felt any great empathy for the media business. Television is something they tend to see as a medium to appear on, as opposed to watch.</p>
<p>Newspapers were either left-wing pinko rags holding them to account and thus to be silenced or ridiculed as much as possible, or useful idiots to be used to dis-seminate whatever the message of the day was decreed to be.</p>
<p>The difference back then of course was that newspapers had editors, TV stations had heads of programmes both of whom were responsible for the overall tone and the individual pieces of content absorbed by the great unwashed (that’s you and me).</p>
<p>Governments had no particular reason to listen to advertisers bleating on about the rising cost of TV advertising, or how unfair it was that the Daily Blah was conducting a campaign against a particular ingredient key to the advertiser’s well-being. All of that was a matter between respective commercial enterprises to be played out within the boundaries of freedom of expression.</p>
<p>And should there come a time when politicians felt the need to act (the phone hacking scandal here in the UK was one such) then there was someone to hold to account, someone responsible, someone to send to prison.</p>
<p>The social media channels are of course different, with their content very largely created by the platform’s users. Hence the wide range of opinions on offer; and the occasional tiptoeing over the line into hate, misleading conspiracy theories, bigotry and so on.</p>
<p>And it’s these characteristics and Facebook’s (in particular) inability or unwillingness to address what they see as a freedom of speech issue that’s upset so many and led to the advertiser boycott.</p>
<p>The boycott may not impact Facebook financially in the short-term, but it will have one possibly unforeseen consequence. And that is that FB doesn’t work quite as well quite as often as FB and its acolytes thought.</p>
<p>There are increasing signs that those of us whose world consists not of small local businesses but of major brands have finally realised that what works for some businesses in some circumstances simply doesn’t work for everyone, always.</p>
<p>Furthermore, gross impressions as a proxy for effectiveness belongs in the dark ages.</p>
<p><a href="https://ipa.co.uk/knowledge/videos-podcasts/ladders-and-lemons/?utm_lead=comms&amp;utm_format=newsletter&amp;utm_campaign=noncampaign&amp;utm_source=adupdate&amp;utm_medium=email&amp;dm_i=4HV2,W09Y,5UI9J7,3XUY4,1">This hour-long video</a> (it’s well worth the time to watch it through) from the IPA featuring Peter Field, Orlando Wood and James Hurman and curated by MediaCom’s Sue Unerman makes the point powerfully in the last 10 minutes or so.</p>
<p>Maybe us old gits have been right all along. However big the audience numbers the platforms have their limitations – just like every other medium.</p>
<p>You wouldn’t use roadside OOH for long copy; why would you use Facebook as a creator and builder of brand imagery?</p>
<p>It might have taken a boycott to hammer that truth home.</p>
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		<title>The Curious Case of Tom Goodwin and What it Says About Agencies</title>
		<link>https://www.bjanda.com/blog/the-curious-case-of-tom-goodwin-and-what-it-says-about-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 10 Aug 2020 13:04:45 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1360</guid>

					<description><![CDATA[I have never met Tom Goodwin. I’ve never even heard him speak, but as is the way with these self-made social media superstars I feel as if I know everything there is to know about him. Tom is, or was until last week Head of Futures and Insight at Publicis Groupe. Before that he was [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I have never met Tom Goodwin. I’ve never even heard him speak, but as is the way with these self-made social media superstars I feel as if I know everything there is to know about him.</p>
<p><span id="more-1360"></span>Tom is, or was until last week Head of Futures and Insight at Publicis Groupe. Before that he was Head of Innovation at Zenith; and way back when had a role responsible for Strategy and Innovation at Havas Media.</p>
<p>Last week Publicis fired Tom following a series of Twitter posts about the Coronavirus pandemic. Tom has for months been posting about how we have things all out of proportion, or, as he put it:</p>
<p>“I find the total obsession with Covid deaths over all other deaths entirely gruesome. 7500 Americans die every day but only the ones with this precise new virus matter.”</p>
<p>I do follow Tom on Twitter; I admit I find him deeply irritating in that he is forever complaining about this and that failure or inefficiency whilst rarely proposing any constructive solution. Fair enough, I yell at the screen, so go and do something about it then!</p>
<p>On the few occasions when I’ve moved on from yelling to typing, the answer I would get is that I have clearly over-estimated the influence he has within the organisation that pays his wages.</p>
<p>Like a lot of people Tom has made the fundamental mistake of believing his own publicity. He worked for one of the largest holding companies in the business, and before that for one of the biggest media agencies.</p>
<p>One reason (not, I grant you the only reason) that anyone paid much attention to what he has to say is because of the position he held.</p>
<p>He has some interesting opinions, but the difference between some old git of a blogger expressing a point-of-view and the same view expressed by someone who is (and I quote) ‘part of a team that helps build what a holding company should be, with a focus on unleashing the power of culture, diversity and technology’ is that one has a substantially larger platform and a far bigger megaphone than the other.</p>
<p>So Tom’s defence around his Covid views, that he was merely expressing a personal opinion may be true but is irrelevant. His public persona, whether he likes it or not has been largely constructed around his role at Publicis; if he really wanted to express his personal views then why not create an online alter ego?</p>
<p>But whatever I may think of Tom and his views, were Publicis right to fire him?</p>
<p>First up, clearly they can fire who the heck they like.</p>
<p>Second during a time of large-scale redundancies someone doing what Tom does (or did) must be vulnerable. Was he indispensable to any client? To the business as a whole? Did he bring in direct revenue?</p>
<p>Certainly, since the firing he has had a great deal of support from amongst his legion of followers, but many senior ad people, including one self-proclaimed Publicis client have stated that they felt the company did the right thing.</p>
<p>The Covid-related fuss might have been a highly convenient excuse.</p>
<p>But there is another angle to this. Like him or not, Tom has a point-of-view, and has not been backward in coming forward to express it.</p>
<p>This is something rare, not invisible but rare in the large agencies. Whatever happened to the industry’s thought leaders, the contrarians?</p>
<p>Oddly, and I would be happy to be corrected on this point, I don’t recall Tom ever taking a stand on any of the huge issues faced by the ad and media industries over the last few years.</p>
<p>Transparency in media? Tom would have been at Havas Media / Zenith around then. The holding companies held their tongues along with the tongues of their more garrulous employees.</p>
<p>Cambridge Analytica / Facebook and the misuse of data? Again, he was in a media agency and as a technology geek you might have thought he would have had something valuable to say.</p>
<p>The Facebook boycott? As a leader in one of the largest holding companies what was the Head of Futures view on the position of the platform giants towards hateful content? I may have missed it.</p>
<p>The PWC / ISBA work on the online ad supply chain? Zenith finally issued an incredibly bland comment along the lines of ‘a thing happened’ when shamed into doing so by one of their large clients. But Tom stayed silent.</p>
<p>The largest media and ad agencies have been remarkably quiet as the industry crumbles around them. When someone within the media agency world does stand up to be counted, as Mat Baxter of Initiative did with a view on FB he was slapped down by his holding company CEO.</p>
<p>Tom Goodwin has a voice and has diligently built an audience. He’s now free to act on his own advice.</p>
<p>As to the past, he could have used his position to address the many issues the industry is facing, as opposed to getting sucked in to a controversy over a topic that is both hugely sensitive, and self-evidently way outside his area of expertise.</p>
<p>Or as the incomparable Bob Hoffman put it: ‘As if anyone in the real world gives 25% of a flying shit what some ad guy thinks about COVID’.</p>
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		<title>All Change Please, All Change</title>
		<link>https://www.bjanda.com/blog/all-change-please-all-change/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 22 Jul 2020 11:12:25 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1357</guid>

					<description><![CDATA[You don’t need a smart-arse blogger to tell you that these are uniquely difficult times, nor that some things won’t ever be the same again. All of us have examples to hand – from our attitudes towards home working, to how we feel about walking into shops or eating in restaurants right through to the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>You don’t need a smart-arse blogger to tell you that these are uniquely difficult times, nor that some things won’t ever be the same again. All of us have examples to hand – from our attitudes towards home working, to how we feel about walking into shops or eating in restaurants right through to the likelihood of ever again paying for anything with cash.</p>
<p><span id="more-1357"></span>So far, at least here in the UK the impact on the size and shape of the various organisations involved in our industry, be they agencies (of any type), advertiser marketing departments, ad tech businesses or publishers has been comparatively minor.</p>
<p>This is not to gloss over the redundancies, nor the businesses that have had to close, but various Government schemes have done a lot to buy time.</p>
<p>However – economic reality is about to kick in. I fear it’s not going to be much fun.</p>
<p>Previous recessions have of course been horrible. My own memories go back to the 1970’s but I’ve lived through variations virtually every decade since.</p>
<p>The one thing that happens for sure in a recession is that the ad business shrinks. Advertisers spend less, pressures on fees kick in and the only realistic option for agencies is to reduce staff numbers.</p>
<p>We shrink, but we hold our shape. Advertising and media agencies emerge as recognisable albeit with fewer people working in them.</p>
<p>A survey by Moore Kingston Smith, reported this week <a href="https://www.campaignlive.co.uk/article/worst-agency-redundancies-hit-when-govt-furlough-scheme-ends/1689548">in ‘Campaign’</a> indicates that 58% of agencies plan on cuts impacting up to 20% of staff numbers, and a further 22% suggest a number over 20%.</p>
<p>The survey, involving 100 agencies from several disciplines also found that: ..”the situation could get worse before it gets better, (but that) 87% of respondents believe the crisis presents them with an opportunity, with more than half saying it allows for a &#8220;rationalisation of their business&#8221;.</p>
<p>I’m not sure that ‘rationalisation’ is the right word. Why shrink when you could restructure? After all, the agency sector has for years been criticised for carrying on as before, with processes and structures no longer fit for purpose.</p>
<p>What is ‘fit for purpose’? And whose purpose?</p>
<p>Over recent years this has become a pertinent question (farther back it was far more obvious – agencies succeeded or failed based on how well they met their clients’ needs). You could argue that public ownership via the holding companies changed the dynamic; certainly technology, online media forms and the whole matter of media transparency have rewritten the rules.</p>
<p>Now there is an opportunity to rethink structures and processes and for agencies to base what they do unequivocally around the needs of their clients.</p>
<p>In short, to reconsider what value an agency can add in an age of data-driven decision making and in-house operations.</p>
<p>On the list must be a clearing away of anything that detracts from creativity, a more integrated approach to communication, and a more rigorous approach to metrics, research and learning.</p>
<p>But it’s not just what we do, but who does it, and where. It may be a cliché but it’s still true that an agency’s assets are its people. Many have got used over the last few months to different ways of working, and to different priorities.</p>
<p>We all understand the need to create an environment within which talent can flourish. An important part of this has been physical location, and in-house proximity.</p>
<p>Now there’s the challenge of rebooting many organisations given that some staff have managed the last few months comparatively well, others less so.</p>
<p>The online site <a href="https://www.fastcompany.com/90529169/the-workforce-is-fractured-this-is-how-leaders-need-to-bring-people-together">Fastcompany.com</a> carried a piece this week on how to knit together what the brilliant young author (ahem..) refers to as a psychologically fractured workforce.</p>
<p>“Organizations of all sizes and across all sectors and regions have such a disparity of employee experiences of the pandemic that creating a sense of “oneness” is a formidable task”.</p>
<p>Agencies have become used to a certain way of working. They grow, they shrink, but they carry on doing much the same thing. The biggest have become industrialised. Complacent. Unquestioning.</p>
<p>Any reboot would normally take an age (let’s be honest, it has taken an age). The pandemic and the coming recession are speeding things up.</p>
<p>Agencies have a chance to look afresh at everything they do. To focus on what’s important and to cut out time-consuming irrelevancies.</p>
<p>There’s also the uncomfortable truth that many working and employment practices are simply inappropriate, not to mention self-defeating today. Others have commented on the lack of diversity and the shortage of opportunities for those outside the cities and the bubble of privilege, and, encouragingly are doing something about it.</p>
<p>It’s clear that we have to get a lot better at thinking outside the traditional box if we are to meet both the changing requirements of our clients and the resetting of the priorities of our people.</p>
<p>We have an unfortunate track record of pontificating about change in this or that industry whilst continuing down our own same old path.</p>
<p>Circumstances outside of all of our control are going to give us the chance to walk the talk. The question is are we up to it. The irony is that we may have little choice.</p>
<p>&nbsp;</p>
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		<title>How Facebook and Friends Derailed Advertising</title>
		<link>https://www.bjanda.com/blog/how-facebook-and-friends-derailed-advertising/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 Jul 2020 08:41:49 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1353</guid>

					<description><![CDATA[It’s been a busy few weeks at Facebook, what with the ad boycott, hastily arranged meetings with agencies, bullish statements from Mark Zuckerberg (‘who needs advertisers, and in any case they’ll be back soon enough’), and remarks from the company and its supporters that there’s really nothing to see as here at Facebook we were [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s been a busy few weeks at Facebook, what with the ad boycott, hastily arranged meetings with agencies, bullish statements from Mark Zuckerberg (‘who needs advertisers, and in any case they’ll be back soon enough’), and remarks from the company and its supporters that there’s really nothing to see as here at Facebook we were in any event cleaning out the Augean stables. No one believed them.</p>
<p>In the midst of all this a ‘Campaign’ piece by Daniel Gilbert <a href="https://www.campaignlive.co.uk/article/defence-facebook/1688640">‘In Defence of Facebook’</a> appeared.</p>
<p><span id="more-1353"></span>This generated some comment, some negative, some along the lines of ‘FB has made mistakes but hey they’re great really’.</p>
<p>Forgetting ad boycotts for a moment (an action Daniel calls ‘a silly idea’), the piece includes this memorable sentence (memorable in its airbrushing of past misdemeanours): “Facebook has helped to define a new era of advertising, defined by data, measurability, relevance and transparency”.</p>
<p>The problem is:</p>
<p><strong>Data</strong> was misused in plain sight by the likes of Cambridge Analytica.</p>
<p><strong>Measurability</strong> has been marked by frequent apologies to advertisers for misleading, indeed on occasions made-up audience numbers.</p>
<p><strong>Relevance</strong> is achieved by tracking people around the web despite this being unpopular (see Kantar’s Dimension work), an abuse of privacy and just plain wrong.</p>
<p><strong>Transparency</strong> although FB’s walled garden approach is hardly transparent.</p>
<p>There was more: “Media advertising before Facebook (and Google) was slow, inefficient and rotten to the core, with backhanders and dodgy deals”.</p>
<p>To be fair he has a point on the last bit – something the Cog Blog has bored on about for years but, and this is a point missed by so many of the digiterati, advertising did in fact exist before online platforms.</p>
<p>Brands were built, nourished and became extremely valuable without Facebook and Google.</p>
<p>I know FB, Google, Amazon and some others are great examples of massively successful businesses built online by providing services people wanted, at the right moment.</p>
<p>They’ve built e-commerce, improved many buyers’ experiences, provided an amazing service to those unwilling or unable to get to the shops, brought a range of goods previously out of reach to us all, made the vast knowledge accessible online available to all, and linked families and individuals across the globe.</p>
<p>They’ve also derailed advertising.</p>
<p>By obsessing over short term metrics, by reducing ‘a view’ down to ‘a passing glance’, and by promoting these and other metrics as true indicators of brand value they’ve sent the ad business down a blind alley where the channel is seen by marketers as being far more important than the idea.</p>
<p>Their interaction with marketers has focused on the audience and the metrics. In this environment, creative ideas are an after-thought. They’ve subsequently withered – to the detriment of advertising as an industry.</p>
<p>Then there’s the content. By creating a user-generated free-for-all Facebook and friends have led us to a point where hate speech is easily spread and multiplied, where conspiracy theories abound, where anyone daring to voice an opinion is hunted down, threatened, abused and insulted by those holding a different opinion.</p>
<p>It’s really not good enough to say this is a few idiots responsible for a small minority of posts. It’s also not acceptable to hide behind freedom of speech. As someone once said, freedom of speech doesn’t give you the right to run into a crowded cinema and shout fire.</p>
<p>This is clearly a societal problem, but the consequence is that these platforms do not deliver a healthy environment for brand advertisers, regardless of how many people there are on them.</p>
<p>There are many examples of small businesses using FB and friends highly successfully as direct response channels. Absolutely nothing wrong with that; if the businesses concerned generate a response, and if the response generates a profit then good for them.</p>
<p>But it is wholly different for the big guys. The big guys care about brands. And brands are built, as the great Jeremy Bullmore has it like birds builds nests, from the twigs and sticks they come across along the way.</p>
<p>One of the sticks is the context within which brands appear. After all, you’re known by the company you keep – and you wouldn’t want to hang around with much of what’s on social media.</p>
<p>Hence the boycott. It really isn’t about money. We all know that Facebook has a massively long tail of advertisers. Even the hundreds of boycotters represent only a fraction of FB revenue.</p>
<p>What the boycott has done is strip away the veneer surrounding FB specifically and social media in general.</p>
<p>The world won’t end for the boycotting brands if they don’t advertise on Facebook. I doubt their models will pick up any sort of decline in business.</p>
<p>Whisper it quietly but the king has no clothes. Facebook and friends are not a suitable place for advertising designed to build brands.</p>
<p>The boycott has changed advertising’s view of the social media world.</p>
<p>I would say it has moved us all on but actually it’s made us pause, rethink and reset.</p>
<p>Advertising has a chance to regroup; brand ideas have a chance to flourish as budgets are invested (online as well as offline) in edited, context-appropriate, attention-grabbing, sales-generating media.</p>
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		<title>The Trials of Facebook</title>
		<link>https://www.bjanda.com/blog/the-trials-of-facebook/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 29 Jun 2020 12:58:07 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1349</guid>

					<description><![CDATA[It’s a bit of a business this blogging lark. You write a piece on Facebook and the various companies who have decided in one shape or form to pull funds from the platform, only for Mark Zuckerberg to change the rules thus rendering out-of-date most of what I’d written. If you see him, have a [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s a bit of a business this blogging lark. You write a piece on Facebook and the various companies who have decided in one shape or form to pull funds from the platform, only for Mark Zuckerberg to change the rules thus rendering out-of-date most of what I’d written. If you see him, have a word with him for me would you? Thanks.</p>
<p>Anyway, on with the show.</p>
<p>The competition to be number one in the spreader-of-hate-and-discrimination stakes is intense. Twitter seemed to have it pretty well sewn up going into the final stages but a late run by Facebook, combined with a sudden outbreak of responsibility over content at Twitter has seen the lead change.</p>
<p><span id="more-1349"></span>Facebook is now the poster child for all that’s wrong with social media and it’s surely not sustainable to continue to hide behind the feeble argument that what appears on their platform is nothing to do with them.</p>
<p>Arguments involving legislators and academics have so far failed to shift Mark Zuckerberg and so the natural next port of call has been to ‘hit him in the wallet’ by appealing to advertisers to pull their spend.</p>
<p>This appeal has had some success. Unilever brand Ben and Jerry’s ice-cream pulled out, subsequently joined by the rest of Unilever.</p>
<p>North Face, Patagonia and Eddie Bauer have joined the boycott, as have Coca-Cola and several other big name brands.</p>
<p><a href="https://www.campaignlive.co.uk/article/verizon-becomes-biggest-advertiser-date-join-facebook-boycott/1687835">Verizon</a> are pausing their FB advertising ‘until Facebook can create an acceptable solution that makes us comfortable.’ Which is a rather weird turn of phrase.</p>
<p>Meantime Procter and Gamble, who have been extremely vocal in their calling out of various ad malpractices in online media forms, is <a href="https://www.campaignlive.co.uk/article/p-g-wont-rule-pulling-facebook-ads/1687696">considering what to do</a> but has certainly not ruled out a boycott.</p>
<p>Glaxo SmithKline, whose EMEA Media Director <a href="https://www.linkedin.com/pulse/where-we-spend-our-media-budgets-matters-well-think-jerry-daykin-fcim/?trackingId=XSS0gjKnRquZAgvHB%2B0TQg%3D%3D">Jerry Daykin has been highly effective</a> in his support for the Conscious Advertising Network, which lobbies brands to do more to ‘ensure their budgets aren’t accidentally funding hate speech and fake news’ has as far as I can tell not yet joined the boycotters.</p>
<p>All in all not a bad boycott, as boycotts go.</p>
<p>At any rate it appears to have generated a reaction of sorts from Facebook, although I’m not sure that’s for the obvious reason. Cutting off named brand ad support from FB makes very little direct financial difference – the platform’s revenue comes from thousands of small, long-tail brands and businesses and even a P&amp;G has very little leverage as measured in US$ spent – although the stock market reaction would have stung a whole lot more.</p>
<p>Facebook may not care much about large advertisers, whatever they say in public, but they do care about regulators. And right now <a href="https://www.theguardian.com/media/2020/jun/29/peers-call-tougher-regulation-digital-social-media-uk">the regulatory temperature</a> at least in Europe is rising with talk of taxes as well as monitoring of content.</p>
<p>In such circumstances a boycott can create waves. Facebook would I’m sure rather not fight a war on multiple fronts simultaneously, so if there’s a solution that would calm advertisers, and even partially satisfy the pressure groups then they just might go for it.</p>
<p>Along these lines an imaginative idea has been posited by Rob Norman, ex of GroupM on <a href="https://www.linkedin.com/pulse/misinformation-pandemic-message-advertisers-rob-norman/">LinkedIn</a> and in ‘Campaign’</p>
<p>Rob compares the spread of misinformation on Facebook to the COVID pandemic. He proposes that FB stop the sharing of content (to slow the spread by ‘social distancing’) and introduce human intervention (‘a face mask’) to algorithmic recommendations.</p>
<p>This is smart in that it is possibly acceptable to Facebook, will have little impact on most advertising messages, and might, if it was to be done as a trial, point the way to a cleaner, healthier future.</p>
<p>But like me, Rob’s idea has been rather overtaken by events, although I suspect that when things calm down a bit this will be well-worth revisiting.</p>
<p>Facebook in the meantime should prepare to suffer from reverse Chairman’s Wife syndrome.</p>
<p>The original affliction has been around for years. The Daily Mail, when it was the pin-up of the suburban middle-classes benefited from the generic Chairman’s Wife question: ‘Darling, how come my friends and I never see our ads in my paper?’</p>
<p>A quick call later and that was fixed.</p>
<p>More recently this metamorphosed into Chairman’s Grandson syndrome: ‘None of my friends read a newspaper or watch TV; how come we never see our ads on Facebook / Twitter / insert social media channel of choice?’</p>
<p>What’s about to hit FB is the reverse: ‘Why are our ads appearing on that appalling channel, hated by all?’</p>
<p>The golden age of social media advertising (maybe the gaudy, painted age) may well be coming to an end.</p>
<p>As the Kantar Dimension work shows consistently, social media is not trusted; and ads on it are not viewed with any great affection.</p>
<p>Facebook’s real fear is that they will be treated by the regulators as a publisher. That way they will of course be held ultimately responsible for what appears on the platform.</p>
<p>Which should have happened a long time ago.</p>
<p>&nbsp;</p>
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		<title>Future Agency: Future Tools</title>
		<link>https://www.bjanda.com/blog/future-agency-future-tools/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 Jun 2020 11:28:28 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1344</guid>

					<description><![CDATA[The last few Cog Blog posts have wandered around what the agency of the future might look like post-pandemic, and the degree to which this coming recession will likely reshape the industry, as opposed to simply making it smaller. But what about the tools it will need to work? The hub and spoke model, with [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The last few Cog Blog posts have wandered around what the agency of the future might look like post-pandemic, and the degree to which this coming recession will likely reshape the industry, as opposed to simply making it smaller. But what about the tools it will need to work?</p>
<p><a href="https://www.bjanda.com/blog/the-agency-of-the-future/">The hub and spoke model</a>, with the media agency at the centre acting as strategic lead on all forms of communication is easy to type, and very hard to do.</p>
<p><span id="more-1344"></span>There are two problems – organisational, and directional.</p>
<p>Organisationally, it’s always instructive, as the hub agency to propose a mix involving disciplines other than ‘advertising’.</p>
<p>On one occasion I was physically threatened in front of my teams by the global account lead on the client in question at the ad agency. As we were in the same holding company (along with a branding consultancy, a PR agency, an experiential agency and others) this guy made it clear he had no doubt as to where my loyalty should lie. I didn’t agree.</p>
<p>Then there was the cross-holding-company GAD who doubled up as a Board Director at one of the holding company’s ad agencies. He refused even to countenance the idea that someone might propose a non-advertising solution to ‘his’ client.</p>
<p>It would be nice to think that these dinosaurs will simply die out, and I suspect they will. Integrated thinking will permeate the business, eventually.</p>
<p>What will help that happen at something other than our industry’s natural glacier pace is the creation of decent tools and techniques to help guide us, directionally.</p>
<p>How do you allocate budget between, say, TV advertising, PR, an event, creating an online game, and social media?</p>
<p>Let’s be honest, right now allocating money between video ad formats is beyond us.</p>
<p>The fact is we lack the tools we need to map read.</p>
<p>Once upon a time agencies could be relied upon to have thoughts on this, and indeed to draft the map. But they have largely abdicated responsibility for the development of industry research. Yes, a few people do sterling work on the committees that run these things, but increasingly whenever a conversation on the direction of the industry’s future research needs takes place it’s dominated by the likes of Google and Facebook.</p>
<p>Recent developments and cross-media initiatives have been started and are being driven not by the agencies but by advertisers and their trade bodies.</p>
<p>The agencies are invited along, but they’re a bit like a distant cousin invited to a party because the host felt bad about excluding them, who, when they turn up say little beyond complaining about the traffic getting there on the A3.</p>
<p>The agencies say that their focus is on developing their own tools, but to build something robust and credible you still need the basic materials.</p>
<p>The WFA, ANA and ISBA initiatives are all admirable – but they do in the fullness of time need to lift their eyes above video, in fact eventually above advertising per se to establish evidence-based principles on which future plans can be built.</p>
<p>As the old joke goes, the way to eat an elephant is one small bite at a time. But you still need to keep sight of the fact that it is a bloody great elephant.</p>
<p>The industry lacks the building blocks on top of which the agencies (or anyone else, like advertiser in-house units, or vendor sales and editorial divisions) can build the bespoke structures that will help shape the future.</p>
<p>Common building blocks avoid the nightmare of multiple currencies – it’s a short step from one agency coming up with its own audience metrics to every other agency doing their own versions and before you know it we are all spending our time arguing about the number of angels who can dance on the head of a pin.</p>
<p>Industry accepted research has a huge reason to exist. But it can never be (in fact it was never designed to be) the only game in town, rather it’s there to provide the base kit.</p>
<p>Once that’s done you can go off and build a toy fort or a full-size castle. Whatever takes your fancy.</p>
<p>&nbsp;</p>
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		<title>Agency Models: Questions and Suggestions</title>
		<link>https://www.bjanda.com/blog/agency-models-questions-and-suggestions/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Jun 2020 14:41:19 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1338</guid>

					<description><![CDATA[Last week’s Cog Blog post, on what the agency of the post-pandemic future might look like generated some interesting feedback. This week’s post tries to provide some suggestions (answers would be presumptive) to the points raised, based purely on my own experience. I’ve grouped these around four of the most popular topic areas. “Whatever the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s Cog Blog post, on what the agency of the post-pandemic future might look like generated some interesting feedback. This week’s post tries to provide some suggestions (answers would be presumptive) to the points raised, based purely on my own experience. I’ve grouped these around four of the most popular topic areas.<span id="more-1338"></span></p>
<ol>
<li><u>“Whatever the agency model, clients just want low fees”</u></li>
</ol>
<p>As with anyone buying any service, advertisers want many things from their agencies, and certainly good value is one. But increasingly there’s a recognition that value is not the same as cheap.</p>
<p>Agencies should promote this sentiment, although they far too often fall into the trap of pitching cheap. <a href="https://www.forbes.com/sites/avidan/2020/06/08/the-breaking-up-of-madison-avenue-will-leave-some-very-familiar-names-in-ruins/#4a86580563ee">This Forbes piece</a> on what they see as the forthcoming decimation of the business makes the point well.</p>
<p>Over the years BJ&amp;A has conducted several consultancy projects for different organisations that have involved face-to-face, one-on-one interviews with a range of advertisers.</p>
<p>What we’ve found, time and time again is that advertisers want their agencies, of all shapes, sizes and specialisms to be open and honest on what and how they charge.</p>
<p>One large financial institution recalled how they were taken through the detail of how a research supplier charged out its staff’s time, and subsequently monitored time spent, and out-of-pocket expenses.</p>
<p>The advertiser’s point to us was that they appreciated the open-ness explaining the agency’s business model and how it was applied in their case. At the end of what was admittedly quite a lengthy but informal  process they felt confident that they were paying a fair rate for the service supplied.</p>
<p>‘Transparency’ isn’t only a contractual matter concerning rebates and kickbacks, it’s as much about open-ness and honesty in all aspects of the relationship. That’s what builds mutual respect and trust.</p>
<ol start="2">
<li><u>“You may want them to, and the theory is they should, but the fact is nobody will pay for planning and strategic services”</u></li>
</ol>
<p>Clients want to understand the benefit from any service they buy.</p>
<p>If the agency can’t explain the benefit how can the client understand it?</p>
<p>This is in large part a problem of the agencies’ own making – for years they charged low fees knowing full well that they would make their margin from media vendor rebates and kickbacks.</p>
<p>The agencies now have the unenviable task of trying to charge for something they used to give away.</p>
<p>One solution is the menu approach. The agency clearly lays out from the start what it will provide for the base fee; and attaches a priced menu of additional services.</p>
<p>If the client really only wants the basics, then that’s what they pay for; but inevitably over the course of the contract extras are requested, added, and paid for.</p>
<p>It takes organisation, commitment and a confidence in what’s being charged but I’ve seen this applied successfully in several agencies and across different geographies.</p>
<ol start="3">
<li><u>“Agencies are their own worst enemy; winning the business is more important than making a decent margin”</u></li>
</ol>
<p>This is at the heart of the issue (again, <a href="https://www.forbes.com/sites/avidan/2020/06/08/the-breaking-up-of-madison-avenue-will-leave-some-very-familiar-names-in-ruins/#4a86580563ee">see the Forbes piece</a>). Put simply there are too many agencies; there are too many pitches; and too many briefs have for too long focussed on bottom-line prices, for media and for services.</p>
<p>Agency people tend to be positive individuals, with a ‘can do’ attitude. They are also competitive. And they rarely question the brief.</p>
<p>Put these characteristics together and what you get are people over-promising to win, under-delivering, and not charging properly for their time in order to avoid a difficult conversation.</p>
<p>Over time, the client becomes dis-satisfied with the service, stays because of the low prices, and eventually is driven to review.</p>
<p>Then the whole cycle begins again.</p>
<p>We should continuously remind clients of the cost, to them as well as to the agencies, of pitches. The disruption. The management time. The pitch consultants. <a href="https://www.campaignlive.co.uk/article/the-odds-pretty-rubbish-really-starbucks-fresh-media-pitch/1685765">Some pitch consultants are doing this; some clients are listening.</a></p>
<p>If agencies can regain trust, and become respected partners there will be fewer pitches, better relationships, greater respect.</p>
<ol start="4">
<li><u>“Agencies lack management talent”</u></li>
</ol>
<p>There are many smart people in agencies, but it’s fair to question whether there are enough smart managers.</p>
<p>Agency managements have typically emerged from the ranks. There are exceptions, like Crispin Davis who transformed Aegis for several years in the 1990’s after a career in marketing and general management in large consumer goods companies (P&amp;G, and what is now Diageo).</p>
<p>And some who rise to the top turn out to be inspirational managers (Karen Blackett at WPP, ex MediaCom is a good example).</p>
<p>But the exceptions prove the rule – most agencies are run by those with necessarily great client skills. Often those people are not well equipped to transform the business they grew up in.</p>
<p>The reality is that agencies are facing an uncertain future – money will be in short supply, trust is low, disintermediation is rife, alternatives (like in-housing) are available.</p>
<p>They need a reset; the question is: are they ready?</p>
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		<title>The Agency of the Future</title>
		<link>https://www.bjanda.com/blog/the-agency-of-the-future/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Jun 2020 12:55:38 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1336</guid>

					<description><![CDATA[You don’t need to be a genius to notice that things have been a little different in the world of work over the last few months, nor a futurologist to predict that at least some of these changes to the way we all live our lives will stick. Agencies and our trade press have been [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>You don’t need to be a genius to notice that things have been a little different in the world of work over the last few months, nor a futurologist to predict that at least some of these changes to the way we all live our lives will stick.</p>
<p><span id="more-1336"></span>Agencies and our trade press have been busy opining on what it all means for this or that sector, whilst, one hopes, diligently planning for their own futures. Agencies are due to hit the reset button, but just before they agree to ‘restore factory settings’ it might be an idea to ask whether the old model is any longer fit for purpose.</p>
<p>Most objective observers would agree that it hasn’t been (fit for purpose) for years, but then changing voluntarily whilst flying happily along at 30,000 feet is unlikely to be popular, and thus rarely happens. Upgrading the meal service doesn’t count, by the way.</p>
<p>Changing the engine at 30,000 feet is a lot harder, but if the option is crashing and burning a way will usually be found.</p>
<p>What will the agency of the future look like?</p>
<p>It was fashionable a few years ago to speak of media agencies transitioning to become communication agencies. Media planners became comms planners; the very word ‘media’ was seen as being old fashioned and tied to the old world of print, broadcast television and the rest.</p>
<p>The media agency would become a true comms hub, as comfortable around PR and experiential channels as they once were with network television. A brave new world beckoned, with these agencies at the centre of the wheel, with spokes connecting them as strategic visionaries to the specialist executors who dealt with the necessary detail and delivered to the plan.</p>
<p>It sort-of happened; there are beacons around who do deliver within a comms universe, but if you’re in a holding company media agency, alongside sister companies specialising in other disciplines, like research, PR, events and sponsorships, all trying to move upstream into planning, the difficulties are as much political as practical.</p>
<p>Who leads? Who drives the comms strategy? These are the sort of questions that drive clients crazy, being all to do with inward looking arguments over internal fee divisions and zip to do with getting the job done.</p>
<p>Of course change has been coming for years – look at the automation of buying, the increasing number of partnerships with media vendors, and the disintermediation of the agency business, whether that’s creative through media owners’ in-house creative units, or media via the giant platforms.</p>
<p>What will sharpen the mind over the coming 12 months is shortage of money within the agency sector. That will, sadly mean fewer people.</p>
<p>The hub-and-spoke system will emerge as the standard, with planners at the centre, informed by bought-in research and data services, and sub-contracting execution, including creative out to specialists.</p>
<p>Planners won’t all be cut from the same cloth. Some will come from an ad background, others from related business strands. But all will understand that their key task is as chef-patrons – to decide on the recipe, to source the best quality ingredients, and to keep the customers happy and coming back for more.</p>
<p>Remuneration will be fee based, with fees determined by the scope of work required. This will mean a more disciplined approach, from accurate estimating of time-to-be-spent, through to monitoring and regular assessments of every element of an account’s profitability (or otherwise).</p>
<p>Agencies historically have been terrible at this, partly because the commission system shielded them from the need to justify costs except on an aggregated basis against largely predictable revenue. When ad budgets fell, agencies had a problem given their fixed costs and their lack of internal financial disciplines – but the reality was that ad budgets didn’t fall.</p>
<p>Until now.</p>
<p>All remuneration will be transparent and from the client. Agencies will have no source of revenue beyond clients.</p>
<p>We all know the history – agencies bid low, won business, made money on the side, charged clients unreasonably low commissions balanced by second (third, fourth) sources of revenue, and so the wheel kept turning.</p>
<p>The last four years have created a perfect storm comprising transparency (the ANA and Jon Mandel); an over-inflated and over-complicated online supply chain; increased advertiser scrutiny (most recently the ISBA / PwC case); non-client revenues hitting the buffers; trust collapsing and adspends falling.</p>
<p>Agencies generally, and media agencies in particular need to create a virtuous circle.</p>
<p>The smart ones (will) do this by focussing on what clients need and are prepared to pay for, rigorously demonstrating the value they bring by doing what they’re good at, which in turn is defined by what clients need.</p>
<p>Fewer people, client focussed, outsourced services (including buying and technology), charged for via a fully transparent system based around the work required, within which the agency defines and delivers to the client’s needs, with a demonstrable end value.</p>
<p>Higher margins. Happy days.</p>
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		<title>In or Out?</title>
		<link>https://www.bjanda.com/blog/in-or-out/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 May 2020 10:20:04 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1333</guid>

					<description><![CDATA[I’ve been meaning to write about in-housing for weeks – but then the ISBA / PwC report and its implications happened and well … you know how it goes. Mind you, the ISBA work has implications for how clients handle their media activities, what if anything they do themselves and what they outsource to their [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’ve been meaning to write about in-housing for weeks – but then the ISBA / PwC report and its implications happened and well … you know how it goes. Mind you, the ISBA work has implications for how clients handle their media activities, what if anything they do themselves and what they outsource to their agencies, so here we are at last even if by a rather circuitous route.</p>
<p><span id="more-1333"></span>In an interview he recently did as part of Kantar Media’s Dimension work, Tom Denford of IDComms made the point that he finds the term ‘in-housing’ unhelpful. Tom’s point, which I agree with is that it implies that something has been taken away from the agency, whereas the best in-house operations (I’m going to use the term for ease of writing) work alongside and with the agency.</p>
<p>Steve Pollack, of Nestle in a soon-to-be-released asi podcast interview makes the same point – in-housing allows clients to use the technology, and their own proprietary data to become involved in and engaged with the media process, to the benefit of the business.</p>
<p>As with most things these days, the current digital generation think they’ve invented a new phenomenon.</p>
<p>Way back when the best advertisers, including several I was lucky to work with had media people on the staff. Procter and Gamble had a team led by Dick Johnson and Bernard Balderston; so did Nestle (Roger Hoskins and Gary Brown), Unilever (Neil Welling, although once upon a time they had a whole agency, Lintas), McDonald’s (the estimable Giovanni Fabris, still going strong), Coca-Cola (Kester Fielding, now at Bacardi) and no doubt many others.</p>
<p>And that’s just in the UK and just the ones I dealt with in the 1980s, 1990s and 2000s; the USA, with larger budgets and greater resources had many more and had had them for a lot longer.</p>
<p>What’s changed is what they do – but then that’s true of all of us. Procter used to negotiate their own deals; Nestle used to monitor and evaluate their agencies’ buying (they too had an agency, Fairfield); McDonald’s made sure that the agency had access to their data for planning purposes, Coke had their media guidelines and principles.</p>
<p>Nowadays the opportunities for an advertiser to become involved in the whole media process are huge – with programmatic technologies, all sorts of ways to access and make practical use of proprietary data, the chance to influence their companies’ broader communication policies and so on.</p>
<p>The agency has a large role to play in that, as a team with the advertiser. Most are delighted to have the opportunity to work with engaged clients.</p>
<p>The ISBA / PwC work has shone a light on the programmatic supply chain. Whatever the headlines, we shouldn’t forget that the underlying message is that advertisers need to engage in the process to ensure the best value from their advertising spend.</p>
<p>Those that do will almost certainly not be using the 40,000 or 50,000 sites that PwC identified as the average. Those that don’t actively involve themselves will be above that (given that’s how averages work) – and of course whilst there may be good reasons for that, it’s hard to imagine what those might be.</p>
<p>Throughout ad history it’s been shown time and time again that advertisers get the advertising they deserve. Those that engage and treat their agencies with respect get the best work. It’s just human nature, we all do better when we’re encouraged to do so; we all do the bare minimum for those who treat us badly.</p>
<p>Look at the most effective creative campaigns over the years, from Procter to Unilever, from Sony to Audi, from John Lewis to Sainsbury’s, and you’ll find an engaged client.</p>
<p>And they’re not just the biggest – to plug BJ&amp;A’s long-time consultancy client Suzuki Autos, winners of an IPA Effectiveness Gold for the work they do with their media agency the7stars in partnership with key media vendors like ITV and Channel 4.</p>
<p>You don’t have to be huge (although Suzuki is a pretty large advertiser these days), you don’t have to be a fast-moving consumer goods brand, but you do have to engage and be involved.</p>
<p>On the other side look at those who chop and change, who delight in driving fees down regardless, who don’t engage, who never have time to meet with partners and discuss new ideas and you’ll find sub-optimal businesses.</p>
<p>Whether we’re talking about media or creative, CRM or brand building, online or offline, advertising or broader comms, the fact is ‘engage and involve’ are character traits that transcend where you sit.</p>
<p>In or out, there’s no simple rule and there’s no one way.</p>
<p>That should be one key lesson from the ISBA / PwC work.</p>
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		<title>Trust Me&#8230;</title>
		<link>https://www.bjanda.com/blog/trust-me/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 22 May 2020 11:18:06 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1329</guid>

					<description><![CDATA[Disclosure – BJ&#38;A has done work for Kantar Media, mentioned in this post Last week’s Cog Blog outlined the findings from the ISBA / PwC report into the transparency of the programmatic supply chain, indicating that a large chunk of the average advertiser’s online budget doesn’t arrive at the intended destinations. Many of the online [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>Disclosure – BJ&amp;A has done work for Kantar Media, mentioned in this post</em></strong></p>
<p>Last week’s <a href="https://www.bjanda.com/blog/online-ads-and-the-black-hole/">Cog Blog</a> outlined the findings from the <a href="https://www.isba.org.uk/media/2424/executive-summary-programmatic-supply-chain-transparency-study.pdf">ISBA / PwC report</a> into the transparency of the programmatic supply chain, indicating that a large chunk of the average advertiser’s online budget doesn’t arrive at the intended destinations.</p>
<p><span id="more-1329"></span>Many of the online experts’ comments on social media concentrated on theories around the 15% that PwC had been unable to find. Oddly, less time was spent on the total of 49% that goes somewhere other than the intended end publisher. Granted there are legitimate fees in there, but 49% is far higher than it should be.</p>
<p>As indeed is the average number of sites used by those large advertisers participating in the study. Who needs 40,000, 50,000 or more sites to reach their media goals? Especially when the typical agency ‘white list’ of acceptable sites is somewhere around 2,000 &#8211; 3,000.</p>
<p>The word that keeps occurring to me is ‘trust’.</p>
<p>Clients trust their agencies to look after and manage their budgets. Agencies trust the various middlemen they consider necessary to shepherd their advertisers’ budgets from source to intended destination (or, if we’re being cynical, to ensure that they can continue to get away with siphoning off bits of budget to bolster their sagging margins without anyone noticing). Publishers trust agencies when they leap onto platforms to say that the context delivered by premium content is a key element in any campaign’s success.</p>
<p>At its heart, the ISBA / PwC work suggests that this trust is undeserved.</p>
<p>Indeed, ‘trust’ seems to be in short supply around our business.</p>
<p>Wherever you look, there’s a study providing further evidence to this trust shortage. The consultancy IDComms in the 2019 edition of their annual study amongst marketing and media professionals asked if agencies ‘Provide neutral and objective planning recommendations’.</p>
<p>Those within the sample with an overall marketing responsibility scored agencies at 2.47. Client media professionals scored them 2.35.</p>
<p>IDComms’s 5-point scale has 1 as ‘unacceptable’ and 3 as ‘below expectations’.</p>
<p>Advertisers think that agencies’ ability to act in a sufficiently neutral or objective fashion is ‘below expectations’. They don’t trust them to behave objectively.</p>
<p>Do consumers trust the industry’s output?</p>
<p>Trust in advertising as a whole has been hitting historic lows in studies by the Advertising Association amongst others. As Keith Weed, ex Unilever <a href="https://www.ft.com/content/84c7c6fa-3ba2-11ea-b84f-a62c46f39bc2">CMO put it</a> on an AA stage, reported in the Financial Times (paywall) ‘advertising without trust is just noise.’</p>
<p>Earlier this week Kantar Media published the latest (fourth) version of its <a href="https://www.kantarmedia.com/uk/campaigns/dimension-2020">annual Dimension study</a>. As in previous years this study combines consumer interviews (8,000 across 8 markets: France, Spain, Germany, Argentina, Brazil, USA, China, UK) with insights from industry leaders.</p>
<p>The consumer study asks: ‘which of the following do you use to get information about brands and services?’ followed by: ‘which of the following do you trust to get information about brands and services?’ Kantar Media calculates a ‘Trust Score’ from these two figures.</p>
<p>‘Advertising’ as a channel for information about brands and services scored lowest with an aggregated Trust Score across the 8 markets of 38.</p>
<p>In the UK the Trust Score for advertising is 29.</p>
<p>To put it another way, 14% of consumers across the eight markets trust advertising as a source of brand information.</p>
<p>In the UK that number reduces to 9%.</p>
<p>As comparisons for the global 38 number, news and information websites score 76; printed articles in newspapers and magazines, 73. This, remember for getting information about brands and services.</p>
<p>The Dimension work also asks consumers to score media channels on the basis of whether they trust them as sources of news and information.</p>
<p>Here Kantar Media has calculated a ‘Trust Gap’ the difference between those saying they trust a medium minus those who say they don’t trust it.</p>
<p>Newspapers come out best at plus 25; social media worst at minus 16.</p>
<p>There were some interesting differences by country, summarised <a href="https://www.thedrum.com/news/2020/05/15/advertising-and-social-media-face-fresh-trust-issues-amid-global-crisis?">here in The Drum</a>.</p>
<p>For instance, newspapers score lowest comparatively in the UK (as against the other seven markets), where the Trust Gap is plus 9. TV programmes in the UK score highest at plus 26 (maybe the public trusts the BBC).</p>
<p>The Kantar Media data on the lack of trust in newspapers in the UK is not an outlier.</p>
<p>Every year Eurobarometer measures consumer trust in the written press across Europe. The UK has come bottom of this study 9 years out of the last 10. In 2019 we not only came bottom of the 33 countries covered but we also hit new lows with 15% saying they tend to trust the written press, versus 75% saying they tend not to trust it.</p>
<p><a href="https://twitter.com/BrianCathcart/status/1257606684144480257">Summarised data is here</a> in a tweet from the journalist Brian Cathcart. The UK’s net score of minus 60 is so far behind the next worst, Greece at minus 39 as to be almost out-of-sight.</p>
<p>Wherever you look you find a worrying lack of trust.</p>
<p>The online supply chain snaffles advertisers’ money, and our largest agencies fail to condemn or even comment on an issue that surely goes right to the heart of their most basic service – the management of their clients’ budgets. Credit to both Goodstuff, and The7Stars, independent agencies both for being amongst the very few to tackle the issues raised.</p>
<p>Advertisers don’t rate their agencies when it comes to giving them objective advice.</p>
<p>Consumers don’t trust advertising as a source of information on brands.</p>
<p>The UK public trusts newspapers less than their counterparts in other markets.</p>
<p>Thank goodness for bloggers, eh?!</p>
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		<title>Online Ads and the Black Hole</title>
		<link>https://www.bjanda.com/blog/online-ads-and-the-black-hole/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 May 2020 13:15:07 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1325</guid>

					<description><![CDATA[Last week’s Cog Blog commented on the recently released report from ISBA and PwC on where online ad money goes. The reaction has been, shall we say, extensive. I say the reaction has been extensive, although one group (media agency leaders) has remained remarkably silent. Given that it is the agencies’ task to steward their [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><a href="https://www.bjanda.com/blog/where-are-all-the-agency-experts/">Last week’s Cog Blog</a> commented on the recently released report from ISBA and PwC on where online ad money goes. The reaction has been, shall we say, extensive.</p>
<p><span id="more-1325"></span>I say the reaction has been extensive, although one group (media agency leaders) has remained remarkably silent.</p>
<p>Given that it is the agencies’ task to steward their clients’ budgets, to monitor what goes where and to take responsibility for the final outcome (or at least where the money finishes up being spent), this silence is strange.</p>
<p>Or perhaps not so strange. Back in 2017, in Australia MediaCom’s COO, <a href="https://mumbrella.com.au/why-mark-ritson-is-wrong-about-dodgy-programmatic-buying-457090">Willie Pang took on Mark Ritson</a> who had dared suggest that there was something a tad fishy going on with online placements. Pang was shredded in the comments to his piece – so maybe the lesson learnt by the big agency CEOs is to follow holding company orders, keep quiet and hope it all blows over.</p>
<p>But back to the present and <a href="https://www.isba.org.uk/media/2424/executive-summary-programmatic-supply-chain-transparency-study.pdf">the ISBA / PwC work</a>. It might help to stick to the basics.</p>
<p>Fact One. 49% of money destined for the publisher never reaches the intended destination.</p>
<p>Fact Two. 15% of all money spent online vanishes – and not just from the sight of an ancient media guy like me, but from the sight of one of the world’s top auditing firms.</p>
<p>Comments from the digiterati have either been of the ‘this is old news, we all knew this’ variety, through to the insight that ‘ it’s all bloody complicated, scary headlines are misleading and it’s only right that everyone in the chain is paid’.</p>
<p>I may be a cynical old git (hence the title of this blog) but a couple of thoughts occur.</p>
<p>Why are there so many players in the chain? One of the ISBA findings was that the 15 advertisers who were a part of the study used 300 distinct supply chains to reach 12 publishers.</p>
<p>Participating advertisers appeared on an average of 40,524 sites, mostly non-premium.</p>
<p>Why?</p>
<p>19% of impressions, less than one-fifth appeared on the 12 super-premium publishers who were party to the research (these include News UK, Dennis, Haymarket, The Telegraph, The Mail and Bauer).</p>
<p>Clearly there are excellent premium publishers who did not participate in the study, so let’s bump that 19% up to 25%. 75% of impressions went elsewhere.</p>
<p>There has been much angst about the value chain, understanding the role of every player, and so on. And of course there are providers of valuable services in there who should be paid, but an end result of an average of 40,524 sites?</p>
<p>If we ignore those elements required by the publisher (and by the way it’s wrong to shrug that piece away given that there’s probably a fair bit of waste within publisher-side services) and focus on the advertiser, it seems clear that they don’t benefit from the current set-up.</p>
<p>Let’s assume that an advertiser is focussed on reaching people within a brand safe context a certain number of times with a certain number of customised messages. Are we to believe that you really need 40,524 sites to reach that goal?</p>
<p>And that by the way ignores the fact that these advertisers are almost certainly also using mass reach media forms like TV, OOH and so on which play a major part in the overall campaign and which need to be factored in to any assessment of a media plan.</p>
<p>Cross-media campaign measurement is of course a whole other topic for ISBA via their Origin initiative.</p>
<p>It seems to me most unlikely that any advertiser focussed on realistic business goals needs so many sites to reach his targets – and that’s not to decry all online media forms, many of which do reach a substantial audience of great relevance and value to many advertisers.</p>
<p>The bottom line is that the advertiser is paying around 50% commission to advertise on a load of sites most of which add next-to-nothing to the campaign’s audience (or come to that, any performance) objectives.</p>
<p>As Dr Augustine Fou, the online ad fraud specialist put it on LinkedIn: “Keep in mind that most of the so-called middlemen are arbitragers – they are adding NO value whatsoever, just extracting dollars for their own pockets.”</p>
<p>If I was an advertiser, I would be asking my agency to help me:</p>
<ul>
<li>Identify every player in the supply chain between me as advertiser and the end publisher.</li>
<li>Understand what each does, in layman’s language.</li>
<li>Tabulate how much, how, and by whom each gets paid.</li>
<li>Confirm that you (and your holding company) have no financial interest in any of these players.</li>
<li>Understand whether you (or your holding company) has any overarching deal with any of these players, and if so, how does it affect my activity?</li>
<li>Quantify the benefit that each player brings me. Is it (for example) more audience reach, more frequency, the opportunity for customisation of the message, a reassurance as to the quality of sites, a reassurance as to how my message will be received, a history of site responsiveness?</li>
<li>Decide which are indispensable / nice-to-have / un-necessary to the success of my campaign.</li>
</ul>
<p>I know some advertisers, with smart, experienced in-house operations (including Nestle) have stated publicly that they’ve gone some way to cleaning up their specific issues, but for others there is a way to go.</p>
<p>What will happen as a result of the ISBA / PwC work? Give it time, watch this space.</p>
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		<title>Where Are All The Agency Experts?</title>
		<link>https://www.bjanda.com/blog/where-are-all-the-agency-experts/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 07 May 2020 13:31:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1322</guid>

					<description><![CDATA[Last week’s Cog Blog was all about how it seems that far and away the majority of agencies seem to have a blind spot when it comes to following their own advice about marketing during a recession. Most are regrettably silent when it comes to promoting their own values and client offerings. One Cog Blog [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s <a href="https://www.bjanda.com/blog/agency-lessons-from-recessions/">Cog Blog</a> was all about how it seems that far and away the majority of agencies seem to have a blind spot when it comes to following their own advice about marketing during a recession. Most are regrettably silent when it comes to promoting their own values and client offerings.</p>
<p><span id="more-1322"></span>One Cog Blog reader, a Mr N Manning from London (the majority of you will know Nick, founder of Manning Gottlieb OMD, and now a much lauded consultant) wrote in to make the point that agency leaders now keep such a low profile as to be almost invisible.</p>
<p>There was a time when agency media leaders could be relied upon to comment on anything and everything related to advertising and media matters. After all, we were supposed to have an opinion on the matters shaping our own business.</p>
<p>Nick himself was everywhere, as indeed were many others. Even I used to make regular appearances in national newspapers and on television (and this was in the days before niche TV channels).</p>
<p>But now? With one or two notable exceptions, like GroupM’s Karen Blackett and the7stars’ Jenny Biggam, we’ve become invisible beyond talking to ourselves at industry events and in the trade press.</p>
<p>We seem strangely reticent on industry matters too. For example, this week <a href="https://www.isba.org.uk/knowledge/digital-media/programmatic-supply-chain-transparency-study/">the ISBA and PwC</a> released a thorough, and at first sight thoroughly excellent report into the online advertising supply chain. Two remarkable facts struck me.</p>
<p>First, 51% of advertiser spend ends up with the intended publisher. Half. We’re in Lord Leverhulme / John Wanamaker territory here (all depends where you were taught..) with the famous ‘half my adspend is wasted I just don’t know which half’ quote.</p>
<p>Well, if 49% never arrives in front of the intended audience then it’s pretty fair to say that half is indeed wasted.</p>
<p>At a time when publishers are struggling this is an outrageously high number.</p>
<p>And then, PwC concluded that “taking other visible costs such as DSP/SSP fees and other technology costs, 15% of advertiser spend – an “unknown delta”, representing around one-third of supply chain costs – could not be attributed.”</p>
<p>So, 15% vanished. And after 18 months work even PwC, even 15 of the world’s biggest advertisers, 8 of the (presumably) largest agencies, 12 of the largest publishers, 5 DSP’s and 6 SSP’s couldn’t cast any light on where it might have gone.</p>
<p>My LinkedIn and Twitter feeds lit up. From a digital journalist claiming PwC are somehow conflicted (presumably because they sell stuff), through to numerous members of the digiterati shrugging this off as ‘old news we all already know’ (not sure that that makes it alright) through to people lecturing us on how players in the banana supply chain need to be paid (no, really).</p>
<p>In amongst the nonsense was a strong piece from someone who genuinely knows what he’s talking about, Wayne Blodwell from The Programmatic Advisory.</p>
<p>Wayne made <a href="https://www.linkedin.com/pulse/why-worlds-leading-auditor-couldnt-fully-audit-supply-wayne-blodwell/?trackingId=xi%2BRv2BXRVypQWKAoARHaQ%3D%3D">the following extraordinary point</a> (extraordinary in that it had to be made at all): “Good contractual frameworks mean that brands can get insight into how their agency makes money from their media spend.”</p>
<p>Now, it may be that I follow all the wrong people, but as of now I haven’t noticed a single agency CEO commenting for good or ill on ISBA’s work.</p>
<p>If you’ve noticed otherwise, and I’m wrong then do please let me know and I’ll issue a correction.</p>
<p>If agencies want to be seen as strong strategic partners, if they want to be mentioned in the same breath as the management consultancies then thought leadership is important.</p>
<p>To restate – here’s the UK’s advertiser trade body, a well-funded and respected organisation, along with their appointed consultancy, PwC finding that the current online advertising eco-system manages to cream off 49% of a client’s adspend before it reaches its intended destination, and literally lose 15% of it.</p>
<p>And no agency has an opinion on this?</p>
<p>This silence is nothing new (think back to <a href="https://www.bjanda.com/blog/the-ana-a-first-stab/">the ANA’s work on transparency</a> and the lack of comment from agencies besides complaining that research into their behaviours was being done in the first place), or <a href="https://www.bjanda.com/blog/building-trust-and-belief-in-online-advertising/">the WFA’s work on online transparency</a>, or egta’s initiative on audience measurement, or indeed <a href="https://www.bjanda.com/blog/audience-measurement-enter-the-advertiser-part-2-who-pays/">ISBA’s Project Origin</a>.</p>
<p>Zippo.</p>
<p>Is it perhaps that the holding companies are frightened of upsetting the mighty platforms (remember this, when <a href="https://www.bjanda.com/blog/welcome-back-to-the-past/">IPG publicly rebuked Initiative’s CEO</a> for daring to criticise Facebook)?</p>
<p>Or is it that the current breed of media agency leaders are comfortable debating high concepts amongst themselves and less prepared to discuss the channels themselves?</p>
<p>To paraphrase the late great Kenneth Williams, we’ve all become specialists in less and less. Eventually we’ll be experts in nothing.</p>
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		<title>Agency Lessons from Recessions</title>
		<link>https://www.bjanda.com/blog/agency-lessons-from-recessions/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 01 May 2020 08:37:40 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1320</guid>

					<description><![CDATA[As I’ve commented before here, there are plenty of opinions, articles and webinars on how marketers should go about weathering the coming economic recession. Many of these come from agencies, trade bodies, media owners, academics and marketing consultants; most peddle the line that the smartest plan is to keep spending at a time when the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>As I’ve commented before <a href="https://www.bjanda.com/blog/advertising-in-a-crisis-be-wary-of-lessons-from-past-recessions/">here</a>, there are plenty of opinions, articles and webinars on how marketers should go about weathering the coming economic recession. Many of these come from agencies, trade bodies, media owners, academics and marketing consultants; most peddle the line that the smartest plan is to keep spending at a time when the competition slows or stops, thus raising share-of-voice.</p>
<p><span id="more-1320"></span>There is a flaw in this argument – if everyone follows the advice then SoV remains as is, whilst the industry enjoys a boom period which we all know isn’t going to happen.</p>
<p>The advice therefore only works on the assumption that most won’t follow it.</p>
<p>One thing that’s missing is any discussion around lessons the organisations dispensing the advice can themselves draw from previous experiences.</p>
<p>I have been around long enough to have worked through recessions going back to the 1970’s. I haven’t seen one anything like the one that’s coming at us. This one is unique for reasons I’ve tried to explain <a href="https://www.bjanda.com/blog/advertising-in-a-crisis-be-wary-of-lessons-from-past-recessions/">here</a>.</p>
<p>One common factor though is that the agency sector seems to learn little; maybe this time will be different, it’s just that I doubt it.</p>
<p>We are very quick to offer advice to others but, like the cobbler whose children went without shoes we are less good when it comes to our own industry.</p>
<p>For instance, it is often argued that brands need to communicate their relevance even in these difficult times. There are plenty of examples of this around at the moment &#8211; some good, some cringe-worthy.</p>
<p>Are agencies communicating the relevance of their services? Are they stepping up to offer businesses general advice and guidance along the lines of, say, an Ebiquity or the management consultancies?</p>
<p>Charles Talbot, a digital sales head by background has started a useful service called <a href="https://docs.google.com/spreadsheets/d/1Hw7BDE5DXQVE9R_uer1WidI7Vsq7oj6_3jPBTrmHvjM/edit#gid=801298175">Viral Knowledge</a> (not sure about the name, mind you) which aims to pull together lists of relevant webinars. Earlier this week he had listed 60 such events from March 18<sup>th</sup> to May 19<sup>th</sup>, under the broad topic of digital marketing.</p>
<p>Three of the 60 were from agencies – two from Ogilvy and one from Dentsu Aegis.</p>
<p>I’m sure Charles wouldn’t claim that his list is definitive, nor are webinars the only means to communicate of course, (and it’s quite probable that agencies are busy running sessions for their clients), but it is a little odd that individual agencies are not more vocal (kudos, by the way to the <a href="https://ipa.co.uk/">IPA</a> for all that they’re doing to promote advertising as an industry during this crisis).</p>
<p>This would be a good time to remind the business community of why your particular agency is well-placed to help them. Raise your own share-of-voice in other words whilst your competitors are silent.</p>
<p>In past recessions agency staff numbers dropped considerably, hardly surprising given that reducing headcount is one of the few levers agencies have to reduce costs.</p>
<p>Once the situation improves, the numbers inevitably creep back up again, often as a result of agencies adding new services. This may not be the best approach.</p>
<p>In bad times (and good..) the focus has to be on excellent delivery of those services of greatest client value. This may mean dumping in-house offerings that are done better elsewhere by specialists. It may also mean taking a long hard look at senior people not directly attached to the meeting of client needs.</p>
<p>This can and will be painful but it would make a lot more sense than the knee-jerk reaction which is to lose junior, often very talented people on some misplaced ‘last in, first out’ principle.</p>
<p>There will rarely be a better time to discuss with clients what they might expect from their agencies, both now (given the circumstances) and into the future, and to use this framework to open-up a conversation on business terms.</p>
<p>Agencies can have these current and future expectations conversations themselves although it is often more revealing to use an external, objective organisation. There are plenty who offer this service (including, to be transparent, BJ&amp;A).</p>
<p>Agencies of all shapes and sizes are quick to advise their clients on how best to navigate their way through the present and future crisis.</p>
<p>Hopefully this generation will prove more adept than their predecessors at plotting their own way through.</p>
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		<title>Time To Do Things You Think You Could Not Do Before</title>
		<link>https://www.bjanda.com/blog/time-to-do-things-you-think-you-could-not-do-before/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 23 Apr 2020 13:04:10 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1316</guid>

					<description><![CDATA[If nothing else, the time we’re saving on commuting, and unproductive meetings allows us to explore what smart people have to say that could be relevant to the current situation. Time to show-off by dusting down those pretentious quotes! One (a genuinely useful one) comes from the American politician Rahm Emanuel, during the 2008 financial [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>If nothing else, the time we’re saving on commuting, and unproductive meetings allows us to explore what smart people have to say that could be relevant to the current situation. Time to show-off by dusting down those pretentious quotes!</p>
<p><span id="more-1316"></span>One (a genuinely useful one) comes from the American politician Rahm Emanuel, during the 2008 financial crisis: <strong>“You never let a serious crisis go to waste. And what I mean by that it&#8217;s an opportunity to do things you think you could not do before”.</strong></p>
<p>Eventually agencies will emerge from the current dreadful situation. As I said <a href="https://www.bjanda.com/blog/agencies-post-covid-19/">last week</a>, they’ll be leaner, fitter and raring to go.</p>
<p>What will they look like?</p>
<p>The Cog Blog has been churning out weekly posts for almost 7 years. I say ‘weekly’ – even allowing for holidays (and laziness) I still average about 46 a year. Out of interest (almost certainly to no-one except me) this is post number 318.</p>
<p>For a large number of those I’ve been boring on about the need for media agencies to refocus their resources and efforts away from buying cheap stuff to solving clients’ business problems through a creative approach to communications planning.</p>
<p>Buying cheap stuff was at the start attractive as an offering. First, it’s easy to explain. Secondly it’s a compelling proposition. Thirdly, it’s measurable via audits. Fourthly it affords the agencies the opportunity to make money for themselves via rebates, kickbacks and the rest.</p>
<p>But there was always a huge downside – and that was that one day, for whatever reason that particular train would hit the buffers. The reason could have been through the advent of technology, the growth in online media forms, the obsession with immediate measurement and, eventually automated buying. Or it could have been that someone eventually would whistle-blow – and of course we all know that such a person emerged in Jon Mandel.</p>
<p>So the agencies have had to regroup. Revenue and margins were bound to fall. The difficulty in charging for services, like planning and consultancy that had been given away in the era of plenty was always going to be an issue.</p>
<p>And then along came this crisis.</p>
<p>The agencies now have a chance to reinvent themselves, to ‘do things you think you could not do before.’</p>
<p>It is actually an even better opportunity than that. There is now a major client demand for assistance – assistance in helping them climb out of the hole so many of them find themselves in. How, or indeed should they communicate? Where? When? Using advertising, PR, sponsorships? What should they say? And so on.</p>
<p>A good piece in <a href="https://www.campaignlive.co.uk/article/skills-going-demand-ad-industry-recovers/1680802?bulletin=campaign_agencies_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20200423&amp;utm_content=Campaign%20Agencies%20(61)::www_campaignlive_co_uk_ar_1&amp;email_hash=">‘Campaign’</a> asked five leaders what skills they felt agencies needed to offer their clients the most, given that they will almost inevitably have to downsize.</p>
<p>Here are some of the words these five used (for who said what I urge you to spend two minutes <a href="https://www.campaignlive.co.uk/article/skills-going-demand-ad-industry-recovers/1680802?bulletin=campaign_agencies_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20200423&amp;utm_content=Campaign%20Agencies%20(61)::www_campaignlive_co_uk_ar_1&amp;email_hash=">reading the article</a>): ‘Creative problem solvers’; ‘strategic and pragmatic’; ‘the ability to adapt’; ‘exceptional creative and strategic problem-solvers’; ‘bigger strategic thinking’.</p>
<p>Not, you will notice, ‘the supply of cheap media’.</p>
<p>Media agencies are full of smart problem solvers. There are also unfortunately still a fair few bullshit-artists who spend their days obfuscating and confusing everyone around them (including their clients).</p>
<p>Tough times are ahead, and not all agencies will survive in their current form. There will no doubt be some centralising of non-client-facing functions amongst the big holding companies.</p>
<p>Clients need certain agency skills more than ever before.</p>
<p>Now would be a very good time to work through what those needs are, how your agency can deliver to them, and what your priorities might be in transforming the business to make sure it’s fit for future purpose.</p>
<p>It’s also time for those Heads of Transformation to step up. I’ve often idly wondered what they do – well, I’m about to find out.</p>
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		<title>Agencies Post COVID-19</title>
		<link>https://www.bjanda.com/blog/agencies-post-covid-19/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 17 Apr 2020 14:18:22 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1313</guid>

					<description><![CDATA[It may seem premature, given that like many I am locked inside with only multiple Zoom calls for company, but one day life will start to return to something approaching normality. What will agencies, and agency life look like then? There are two schools of thought on the effect that this crisis will have on [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It may seem premature, given that like many I am locked inside with only multiple Zoom calls for company, but one day life will start to return to something approaching normality. What will agencies, and agency life look like then?</p>
<p><span id="more-1313"></span>There are two schools of thought on the effect that this crisis will have on us all, depending on the broadness of the question. When it comes to society as a whole (‘will we all hang on to this new-found kindness and respect for others?’) <a href="https://www.asiconferences.com/asicast-104-advertising-in-a-time-of-crisis/">Bob Hoffman</a> (in an asicast interview with me) thinks we won’t.</p>
<p>In a similar vein (‘will marketers learn the lessons of the pandemic?’) <a href="https://vimeo.com/405854307/56ea8cdd5d">Mark Ritson</a> (in his Marketing Week webinar) thinks not, and that most will revert to making the same old mistakes.</p>
<p>More parochially, and relevantly for most of us, agency leaders, including MediaHub’s Danny Donovan and WPP’s Lindsay Pattison (brought together by <a href="https://mediatel.co.uk/news/2020/04/09/how-the-agency-world-will-change-post-virus/">Mediatel</a>) are rather more positive, believing that we will learn to be less selfish, that social media platforms will become kinder places, and that we will all by necessity come to appreciate how technology can help us through what will no doubt be a period of great economic difficulty.</p>
<p>The great thing is that in even a few weeks no-one will remember a word any of these guys said – and anyway the whole situation is so fluid and so nuanced that even if someone did think to ask any of them everyone involved will be able to point to something that proves that they did indeed read it correctly.</p>
<p>Will agencies and life in agencies change? On the basis that I may as well join in, given our collective short memories, my answers are ‘yes’ and ‘yes’. And, I’m afraid it won’t be pretty.</p>
<p>There are some uncomfortable (and uncontested) truths. Money will be in short supply, with adspend diving, and even if/when it recovers and even if there are more smart marketers around to listen to Mark Ritson, agency revenues will fall.</p>
<p>Clients, like the rest of us will be looking to save on fees as well as on what too many of them still see as frivolous activities like advertising.</p>
<p>There are still too many agencies, it’s still a buyer’s market, and so those looking for a bargain will find plenty of agencies stupid enough to give it to them for the sake of a ‘Campaign’ headline and a position near the top of the new business league table.</p>
<p>The cycle of: ‘pitch low, win, over-service, lose money, under-service, pitch again, lose’ will certainly not disappear.</p>
<p>With less money, and by far the majority of their costs in staff agencies will have to cut back. There are already signs of this with the holding companies preparing themselves, the markets, and their staff for redundancies.</p>
<p>Tough questions will no doubt be asked within the large holding groups. For example – is there really any need for so many individual operating units? The original argument for multiple agencies under a holding company, as per the inventor of these things Phil Geier of Interpublic was to provide alternatives for clients.</p>
<p>So if you didn’t like Agency A Phil could always offer Agency B.</p>
<p>Then there was the matter of competitive clashes. Agency A and Agency B could handle competing brands, in theory at least.</p>
<p>But this competitive clash matter has subsided and with some technological ingenuity on behalf of the agencies could be quietly kicked even further into the long grass.</p>
<p>These days the holding companies are of course more than a collection of ad agencies. But even the best of them duplicate services and are generally wasteful.</p>
<p>Why on earth do the large holding companies need quite so many media agency operating units? Is MediaCom really that different from Wavemaker from Mindshare? Can clients tell the difference?</p>
<p>You don’t have to go through all the grief of closing one or more agency; there is a halfway house.</p>
<p>As a start, it’s not a bad principle to think about things from the client’s point-of-view. Clients care about relationships, and planning and consultancy skills. Yes, they want lower fees too – but if you excel at the first bit you can more easily justify higher fees.</p>
<p>And of course they want cheap media prices. The old &#8216;deal mentality&#8217; lives on in most client’s description of their media agency partner as ‘my media buyer..’</p>
<p>If media agencies in the future are to be more about planning excellence supported by hugely efficient buying capabilities, and if buying is all about to become automated anyway, why does a group’s agencies all need buying departments?</p>
<p>Or, come to that modellers and researchers?</p>
<p>Why not one massive buying operation, accessed by the planners who use it to deliver their plans (as opposed to having it dictate what their plans should look like)?</p>
<p>Why not a properly funded and well-staffed research unit, encompassing media researchers, market mix modellers, analysts and data scientists and available to all of a group’s planners?</p>
<p>Why not follow the lead of outfits like VCCP, and Mullen Lowe / MediaHub and create strong synergies between creative and media specialists, with some media buying done elsewhere?</p>
<p>Central group services would provide a superior resource to the client-facing planners, who become true communication consultants operating across all channels (not just advertising). Such a move could save money, lead to a greater value add, and ultimately to higher fees.</p>
<p>Eventually there will be fewer pitches, as clients become more wedded to an agency’s services and less bothered about one agency’s claims to be able to buy TV cheaper than the next guy.</p>
<p>Driven by harder times, agencies will become more like true consultancies. Now there’s an unoriginal thought.</p>
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		<title>Advertising in a Crisis &#8211; Be Wary of Lessons from Past Recessions</title>
		<link>https://www.bjanda.com/blog/advertising-in-a-crisis-be-wary-of-lessons-from-past-recessions/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 08 Apr 2020 09:39:41 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1309</guid>

					<description><![CDATA[It is no surprise that our industry’s commentators, researchers and (naturally) bloggers are all focusing on what happens to marketing and advertising during a recession. These include the excellent Mark Ritson, whose column in ‘Marketing Week’ references data right back to the 1920s. The evidence, even back 100-odd years ago is clear. Those brands that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It is no surprise that our industry’s commentators, researchers and (naturally) bloggers are all focusing on what happens to marketing and advertising during a recession. These include the excellent Mark Ritson, whose column in <a href="https://www.marketingweek.com/mark-ritson-marketing-spend-recession-coronavirus/">‘Marketing Week’</a> references data right back to the 1920s.</p>
<p><span id="more-1309"></span>The evidence, even back 100-odd years ago is clear. Those brands that continue to advertise throughout a recession, at a time when the less-well-informed competition is pulling back emerge stronger as a result.</p>
<p>This is hardly surprising – there’s less clutter, the brands that advertise increase their share-of-voice and build on what Professor Ritson calls their ESOV (excessive share-of-voice) and are thus in a great position to hit the ground running when the economic climate improves.</p>
<p>But evidence from past recessions is not the whole answer, although certain principles still hold.</p>
<p>First, what we are in now isn’t anything like any other recession. I have some qualifications in saying this, given I’ve been through a few, going back to the three-day week of the 1970’s.</p>
<p>I also worked with and learnt from Dr Simon Broadbent who did splendid work advancing the ‘why brands should continue to advertise’ case in the 1980’s.</p>
<p>Plus I lived and worked through the 1990’s, and the 2008 versions.</p>
<p>I’m not saying I have the data or the perspicacity of Mark Ritson, but I have experienced recessions from inside the ad industry.</p>
<p>And &#8211; I can tell you this is nothing like anything I’ve ever seen before.</p>
<p>An economic recession is of course a dreadful thing. People have less money to spend, services are cut, people lose their jobs. It impacts many – but in a way that they themselves cannot impact. It is something that happens to you, over which you have zero control.</p>
<p>Life continues. Advertising, as part of life continues. Yes, you may see fewer ads, yes the content of the ads may be tweaked, but I have never seen data suggesting that the average consumer thinks: why is Brand A advertising during a recession?</p>
<p>Look around you now. People you know, and I know are getting sick. Some, tragically are dying, alone and frightened. Very many of us are in some form of lock-down, being told when we can go out, where, what for and for how long.</p>
<p>Of course we cannot see or control the virus but we can act to do something to limit its spread. We are all invested in the process.</p>
<p>Life is most definitely not continuing largely as before.</p>
<p>This is a global health crisis which no doubt will metamorphose into an economic recession, but right now and I suggest for the foreseeable future it’s about health. It’s about doing what we can to stay alive, and to help others stay alive.</p>
<p>In these circumstances is it right for brands to advertise at all? I would say it is, as long as the tone and the approach are very carefully thought through. I suspect that unlike in the past consumers will certainly question the wisdom of brands advertising whilst their owners are laying off staff, and whilst the future is so uncertain.</p>
<p>We all preach the importance of empathy, of appealing to those we wish to reach and influence in a tone of voice that reflects the audience’s priorities and values, but those priorities are very different from what they were just a few short months ago.</p>
<p>Now is the time for advertisers to offer help, to do good. Advertising alone cannot do that – so a bank saying in an ad that they’re there for me is one thing, but if I cannot get through to them, or if I do get through and the call centre is obtuse and confusing in the messages it sends out then the ads backfire, spectacularly.</p>
<p>A supermarket can send out all the ‘we’re here for you’ emails it wants but if you cannot get a delivery slot for love nor money the mails will count for nothing.</p>
<p>What will be remembered is that the bank couldn’t help, or the supermarket couldn’t deliver, not the warm, fluffy ads saying they were there by your side when you needed them.</p>
<p>Remember we are living through a time when advertising per se is not trusted. How consumers perceive ads, what they think of them, the extent that they empathise with them, the degree that they believe them, the fact that they increasingly don’t trust many of the media forms in which they appear, all of these are comparatively recent phenomena.</p>
<p>Consumer attitudes towards the media, and the advertising within those media have to be factored in to the ‘lessons learned from past recessions’ articles and webinars. The SoV / SoM numbers alone are nothing like enough.</p>
<p>We also need to consider more marketing levers than advertising. Most commentators focus on ad spend and related data points as that’s the data they have.</p>
<p>But – today we have many more outlets, more techniques, and a far greater range of communication options than in past recessions (even 2008).</p>
<p>All of which means we need to take the ‘lessons from past recessions’ pieces with a pinch of salt. This is a whole new ball of wax, for all of us. How consumers see advertising and ads (indeed, how they consume commercial messages beyond ads) aren’t the same as even 12 years ago. And that matters.</p>
<p>Last week I interviewed Bob Hoffman, the AdContrarian on behalf of asi and asked him for his thoughts on advertising in a time of crisis. You can listen to the <a href="https://www.asiconferences.com/asi-casts/asicast-104-advertising-in-a-time-of-crisis/">interview here</a>.</p>
<p>Bob’s always great value so give yourselves a break from your busy day of staying at home and enjoy.</p>
<p>Stay safe, people and stay well.</p>
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		<title>So How Is It For You Media Chaps?</title>
		<link>https://www.bjanda.com/blog/so-how-is-it-for-you-media-chaps/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 02 Apr 2020 11:36:48 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1305</guid>

					<description><![CDATA[Time to rewrite the old rule: never believe your own publicity should surely become never believe your own Twitter / Facebook / Instagram / LinkedIn feed. We are in danger of running around in ever decreasing circles, screaming at the same people, recycling the same news, the same rumours, the same lies. If this weren’t [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Time to rewrite the old rule: never believe your own publicity should surely become never believe your own Twitter / Facebook / Instagram / LinkedIn feed. We are in danger of running around in ever decreasing circles, screaming at the same people, recycling the same news, the same rumours, the same lies.</p>
<p><span id="more-1305"></span>If this weren’t so serious it would be a fascinating social experiment – but the fact is, it is awful and no amount of social media posts of families playing, or singing, or making amusing models out of their pets can mask the fact that people are becoming very ill, and are dying.</p>
<p>In the middle of all this, how should advertisers behave? How are we all behaving?</p>
<p>The first thing we are all doing is becoming obsessed with the news. Overall TV viewing figures in the UK are up by around 32% year-on-year. That’s not Netflix. Not YouTube. Not Facebook video. TV.</p>
<p>Whilst we’re on TV, we seem to have stopped the war on the BBC. Possibly because when the nation comes together it comes together in front of the BBC. Hopefully we won’t immediately forget the good work the BBC is doing keeping the nation informed, on local services, local radio and so on as well as on the national feeds.</p>
<p>Newspapers off and online seem to be doing well but not as well as might be expected.</p>
<p>This would seem to be as a result of something rather interesting – advertisers not wanting their ads appearing within any story containing the word ‘Coronavirus’. The argument being that it can’t be a good thing to be associated with bad news. In online media this means that the programmatic algorithms are set to blacklist any sites or elements of sites where the banned word appears.</p>
<p>This is so absurd as to be almost comical.</p>
<p>First, surely even online evangelists would concede that leaving everything up to an algorithm with no human intervention, as certainly seems to be the case here is crazy.</p>
<p>Yes, it makes sense to blacklist a site spreading false facts and rumours, but presumably kosher news sites are blacklisted too?</p>
<p>Certainly that’s what <a href="https://www.newsworks.org.uk/">Newsworks, the UK trade body</a> responsible for marketing the newspapers and their associated websites is getting at in their campaign to back not block news, and to support journalism.</p>
<p>As Tracey de Groose, Executive Chair at Newsworks says:</p>
<p>“Against a backdrop of Brexit, climate change and the current coronavirus pandemic, we are living in unprecedented and anxious times and the news industry is playing a vital role in people’s lives by providing information and advice they can rely on. Amid a growing awareness of the pervasiveness of fake news and misinformation the nation’s appetite for trusted news is at an all-time high.”</p>
<p>Newsworks are calling on advertisers to back journalism, an admirable sentiment, although quite why advertisers should back any newspaper (like the Daily and Sunday Telegraph) <a href="https://www.bjanda.com/blog/the-telegraph-and-the-abc/">refusing to publish their sales data</a> through the official channels is not clear.</p>
<p>I don’t remember Newsworks being quite so vehement in advising advertisers how to behave on that occasion, although I think they&#8217;ve had a word or two to say about the efficacy of Facebook&#8217;s data .</p>
<p>To repeat Tracey: “Amid a growing awareness of the pervasiveness of fake news and misinformation…”</p>
<p>Aren’t Newswork members (well, some of them at least) just as guilty? Here’s the centre spread from last weekend’s ‘Mail on Sunday’ (and be assured I could have chosen any number of images here).</p>
<p><img loading="lazy" class="alignnone size-medium wp-image-1306" src="http://www.bjanda.com/blog/wp-content/uploads/2020/04/image-300x197.jpg" alt="" width="300" height="197" srcset="https://www.bjanda.com/blog/wp-content/uploads/2020/04/image-300x197.jpg 300w, https://www.bjanda.com/blog/wp-content/uploads/2020/04/image.jpg 630w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>The point is surely that the context within which ads are seen does matter.</p>
<p>Advertisers can make up their own minds whether they wish to advertise within content that seeks to monster someone or some organisation without due cause (for the benefit of the many Cog Blog readers not in Europe, Michel Barnier is the European Union&#8217;s chief Brexit negotiator, and as such not our tabloid newspapers&#8217; favourite person).</p>
<p>Fake news and misinformation, along with content created to scaremonger is not unknown territory for the gentlemen of the UK press (nor indeed for several other mainstream media channels I could mention).</p>
<p>Context matters – but context matters always, not just when our national newspapers and their trade body decide that it does.</p>
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		<title>That Cicero Knew a Thing or Two</title>
		<link>https://www.bjanda.com/blog/that-cicero-knew-a-thing-or-two/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 Mar 2020 09:47:27 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1301</guid>

					<description><![CDATA[Faced with an unprecedented worldwide health emergency, how lucky we are to have access to literally millions of ‘experts’ just a click away. It was only a matter of time before the ‘100 Lessons Marketing Can Learn from the Coronavirus’ articles started to appear, and sure enough it’s now hard to avoid this or that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Faced with an unprecedented worldwide health emergency, how lucky we are to have access to literally millions of ‘experts’ just a click away. It was only a matter of time before the ‘100 Lessons Marketing Can Learn from the Coronavirus’ articles started to appear, and sure enough it’s now hard to avoid this or that marketing commentator pontificating on one or other aspect of this awful situation.</p>
<p><span id="more-1301"></span>It always used to be said that everyone is an expert in two things: his or her own job, and advertising.</p>
<p>We’ve all had experience of this, ranging from the aspiring copywriter who just had to share a line that his mates thought was fantastic, through to the guy who’s convinced advertising doesn’t work on him.</p>
<p>We all know this guy. He usually prefaces his remarks with ‘advertising has no effect on me’ before telling us all that of course Guinness is good for you as he sinks his third pint.</p>
<p><img loading="lazy" class="alignnone size-medium wp-image-1302" src="http://www.bjanda.com/blog/wp-content/uploads/2020/03/guinness-first-250x300.jpg" alt="" width="250" height="300" srcset="https://www.bjanda.com/blog/wp-content/uploads/2020/03/guinness-first-250x300.jpg 250w, https://www.bjanda.com/blog/wp-content/uploads/2020/03/guinness-first-768x920.jpg 768w, https://www.bjanda.com/blog/wp-content/uploads/2020/03/guinness-first-855x1024.jpg 855w, https://www.bjanda.com/blog/wp-content/uploads/2020/03/guinness-first.jpg 1285w" sizes="(max-width: 250px) 100vw, 250px" /></p>
<p>A more recent manifestation of this came during the Brexit debate when thousands insisted that they were swayed by the factual arguments behind the leave or remain case, and certainly not by any ad. Although of course he or she was looking forward to having a vast amount to redirect to the NHS, and we should all be <a href="https://www.theguardian.com/politics/2018/jul/16/michael-gove-admits-leave-was-wrong-to-fuel-immigration-fears">on the lookout</a> for the 70 million Turks who were about to land on our shores.</p>
<p>But back to the current crisis. It’s scary, and it’s reassuring to have expert advice, from experts. It would be even more useful to have the space to listen to what the real experts have to say without the clamour and background noise from the rest.</p>
<p>What is not helpful at all are the armchair health professionals telling us that someone they know knows someone who once met a nurse on a bus who told him that we should all wear hats to stop the virus entering our system through our hair follicles. (Fake News Alert).</p>
<p>It’s only a short step to the charmer who sent me an email threatening me with the coronavirus, which he would transmit to me via my laptop unless I immediately transferred some large number of bitcoins to him.</p>
<p>The point is that someone will believe this and will bankrupt themselves paying the guy out of sheer terror.</p>
<p>Or at the very least will buy a hat.</p>
<p>Social media is wonderful in a crisis; nobody needs me to extol its benefits. But it’s also full of people who think they’re being clever, or (worse) helping by spreading false rumours.</p>
<p>This is an inflection point. Life will change, for some more than others it’s true.</p>
<p>Take our little bubble and remote working. Yes, it is great – for some people in some organisations. So is hot-desking. And open plan offices. And shared spaces. And flexible working hours. And video conferencing. All are great. But there are some organisations where working together in the same space works well, and maybe even better.</p>
<p>It’s nothing to do with being old-fashioned or a luddite. It’s just that we’re social creatures and a single solution is very rarely the answer. Even if it involves the internet.</p>
<p>We change, we absorb, we adapt. This happens with media forms. Live streaming from theatres to cinemas hasn’t wiped out the theatre; DVDs didn’t wipe out the cinema; TV didn’t wipe out radio.</p>
<p>The situation we are all in will test our ability to adapt and absorb. Remote working, working from home, more flexible working arrangements all are being tried and many will be appealing and efficient.</p>
<p>It will be fascinating to see how the HR business absorbs these changes once we are through the other side of this emergency. They’re the guys we need to blend the ingredients together to create a modern, fair, flexible workplace whilst maintaining company culture and ultimately business performance. They should be listened to, and their advice heeded.</p>
<p>Meantime, for now we should beware those sounding off about things they know little about to an audience far too ready to believe what they read and far too keen on easy solutions.</p>
<p>Mediahub’s CEO Danny Donovan summed the state of play up in a quote (thanks to Kevin Duncan for finding it):</p>
<p>“Times are bad. Children no longer obey their parents, and everyone is writing a book.” Cicero.</p>
<p>As Cicero might have said: Qui salvum maneat. Vale.</p>
<p>Stay safe, people. Stay well.</p>
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		<title>Pay Attention!</title>
		<link>https://www.bjanda.com/blog/pay-attention/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 19 Mar 2020 14:14:26 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1299</guid>

					<description><![CDATA[If you have been (paying attention that is..), you’ll be aware of a group called The Attention Council which met last week in London. Some of the more interesting things about this group is the variety and quality of its founders, the variation in the work they’re doing, and where they’re based. Not so long [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>If you have been (paying attention that is..), you’ll be aware of a group called The Attention Council <a href="https://medium.com/the-attention-council/attention-council-in-london-3b9483602d15">which met last week</a> in London. Some of the more interesting things about this group is the variety and quality of its founders, the variation in the work they’re doing, and where they’re based. Not so long ago, measuring attention was a rather niche, not to say lonely activity. Not so today.</p>
<p><span id="more-1299"></span>The key players are Lumen, the eye-tracking business based in London; TVision, based in New York and specialising in measuring in-TV-room presence; Avocet, a London DSP focused on exploring time spent with digital ads; Adelaide (rather confusingly in NY), who combine factors to arrive at what they term ‘attention units’ and Amplified Intelligence’s Karen Nelson-Field (who really is from Adelaide), whose technologically advanced approach measures a number of factors contributing to attention across multiple screens in multiple markets. So that’s UK, US, Australia all represented.</p>
<p>The Council’s objectives state:</p>
<p>“To promote the use of attention metrics to create incentives that align all stakeholders in the media and advertising ecosystem.”</p>
<p>Recently the Council has attracted Diageo, Mars and Microsoft as members, and seems confident that other advertisers will join the group.</p>
<p>Another good example of the involvement of advertisers in research into media audience understanding.</p>
<p>Amongst agencies, Dentsu Aegis has undertaken a major project, <a href="https://www.linkedin.com/pulse/should-we-pay-attention-duration-jonathan-waite/?trackingId=b4G%2Bm0ceRXWiq%2Fp5BWmZ%2Fg%3D%3D">The Attention Economy</a> which seems to be using Amplified Intelligence, although you wouldn’t immediately know of their involvement from the literature.</p>
<p>It may be that I’m being over cynical but although the Dentsu Aegis work is certainly interesting and based on robust measures the real test will be when a planner uses the attention metrics in the plan, only for the buyer to ignore the findings on the basis that a better deal can be struck elsewhere.</p>
<p>Attention to advertising has always been an issue. After all, if you don’t notice something it really doesn’t matter how many gross impressions are delivered. If it’s not been noticed it may as well not have been there (although the average buyer doesn’t seem to have got that particular memo).</p>
<p>The whole topic used to be a matter of discussion and debate (and some fun conference papers: I once saw a well-known media director of a full-service agency light a hidden firecracker on stage to make a point about the need for attention).</p>
<p>But discussion and debate aren’t the same as widespread use. Currency measures have never really concerned themselves with attention, with the media vendors believing that the biggest gross numbers were what was important and that any filters or weightings that reduced those numbers were to be avoided at all costs. How little things change.</p>
<p>Proxy measures existed. First in break (something that TVision say is indeed desirable); right-hand page; front half of the book and so on. These (and others) did come with a premium; but not any research justification (if I remember right even the old reading and noting scores had context above position in the attention-grabbing hierarchy).</p>
<p>As with many planning metrics, attention became a line in a deal. ‘We can throw in so-many first RH pages in return for a larger share of the print budget’. That sort of thing.</p>
<p>Everyone accepted that premium slots/positions were a good thing, but no-one knew how good and therefore what additional value, or benefit was on offer.</p>
<p>But all that was then, when choice was limited, quality was a matter for trade press articles and conference speeches, and bottom line CPM was really all that the advertisers and their auditors cared about.</p>
<p>Today we have massive media choice, and so the penny is dropping that understanding and quantifying the benefits of screen A over screen B, or of slot C over slot D is important. It’s clearly absurd to think that an impression is an impression is an impression, especially if we are somehow seeking to compare a 30-second TV ad, or a 60-second cinema commercial with a 2 or 3 second online video.</p>
<p>We need to know far more than we do now about these elements if we are to offer rounded advice to our advertisers.</p>
<p>Which is why the work of Professor Nelson-Field and her Attention Council colleagues is important.</p>
<p>I have a sense that this time one or other measure of attention will stick, especially if the impetus comes from advertisers and their much-welcomed involvement in the media process.</p>
<p>&nbsp;</p>
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		<title>There is Hope</title>
		<link>https://www.bjanda.com/blog/there-is-hope/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 12 Mar 2020 11:58:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1295</guid>

					<description><![CDATA[I’ve always been something of an optimist. Even though last week’s Cog Blog post was full of doom and gloom (although you have to admit there were some great ads) I like to think that lessons have been learned and that the ad business is, finally, coming to terms with the world as it is [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’ve always been something of an optimist. Even though last week’s <a href="https://www.bjanda.com/blog/where-weve-gone-wrong-an-illustrated-history/">Cog Blog post</a> was full of doom and gloom (although you have to admit there were some great ads) I like to think that lessons have been learned and that the ad business is, finally, coming to terms with the world as it is today.</p>
<p><span id="more-1295"></span>It’s commonly said that advertisers get the advertising they deserve. Engage in the process with an open mind and with enthusiasm and you’re likely to see better results than the guy who sees advertising expenditure as a cost that needs to be reduced.</p>
<p>Over the years I’ve come across loads of examples of both and I can assure you that the aphorism holds good.</p>
<p>The first green shoot is the re-emergence of the involved advertiser. This creature has been in hiding, delegating responsibilities to a toxic mix of huge platforms with something to sell, unheard of quantities of data to support virtually any theory and justify any results, and media agencies whose focus has (shall we say) been on the negotiation end of the task.</p>
<p>It’s well-known that advertisers have not always been that engaged with the media end of the business, but that’s changed, or at the very least is changing. You can take your pick as to whether Jon Mandel, Marc Pritchard, the WFA, the ANA or ISBA can take the credit but that doesn’t really matter.</p>
<p>When online anything was still very new, I remember David Pattison, the ‘P’ in the media agency network PHD and the first media guy to be President of our agency trade body the IPA, making a typically wise remark. Would online change media, he was asked. No, he said, online would change everything.</p>
<p>And so it has. The marketing and indeed the agency intakes at the time have grown up online. Today, that cohort is in and around boardrooms. The days of the CEO who prided himself in not being able to turn on a computer are gone.</p>
<p>As the online natives move up, so business’ approach to all aspects of the connected world will evolve. It’s easy to mock the disconnected nature of much of what we do but this is all a bit harder than switching on a light; habits and practices take time to change.</p>
<p>The second green shoot is to be seen in the behaviour of media agencies.</p>
<p>The networks (and of course they’re not the only ones; just the biggest) have learned the hard way that trust has a value, and that the malpractices exposed by Mandel need to be driven out of the system.</p>
<p>Buying media is still a critical part of the agency’s role and will continue to be so, but the emergence of planning as a specialist skill as opposed to a catch-all generalist phrase is essential.</p>
<p>If agencies are to regain trust in the era of the informed advertiser it’s going to be through planning.</p>
<p>And as trust has a value, the agencies need to elevate their planning skills to a point where they can legitimately charge.</p>
<p>After all, if one revenue stream has hit the buffers it needs to be replaced by another.</p>
<p>Then there’s the positive brought about by the ‘in plain sight’ nature of fake news and ad fraud. When news was news, it was not always easy to tell what was true and what wasn’t.</p>
<p>When no-one except a few geeks knew about ad fraud, it was easy to dismiss it as not really a problem. Indeed as recently as 5 years ago, The Cog Blog quoted <a href="https://www.bjanda.com/blog/online-ad-fraud-not-a-problem/">Aegis’ Louisa Wong</a> as suggesting in a public speech (not a direct quote): ‘Online fraud is no big deal. The digital industry is … spreading un-necessary doom and gloom amongst the advertiser community who really shouldn’t worry.’</p>
<p>Today we are all aware of ‘fake news’. Those who peddle what is truly fake, as opposed to just being something they may not like or agree with are being called out. Sales of quality newspapers are up in the USA, and even if the UK has the least trusted newspapers in Europe (according to regular EBU studies) at least the worst of the untruths are starting to be checked and the truth is slowly emerging.</p>
<p>We may not all be fully aware of ad fraud’s reach and volume but even non-geeks like me know that it’s very big and a huge problem.</p>
<p>Advertisers are increasingly taking into account where their ads appear and are coming to terms with the fact that an impression is not an impression is not an impression.</p>
<p>Finally, we are all starting to understand more about what works and what doesn’t. Creative standards may have slipped; one-size-fits-all-media solutions are at long last being exposed; advertising may (as a result) be less effective than it once was but if the best way through a problem starts with recognising the problem we are it seems on our way.</p>
<p>More engaged advertisers, boardrooms recognising online, media agencies refocussing on planning, an acceptance that there are bad actors, and a realisation that what we’ve been doing isn’t working.</p>
<p>In there somewhere lies hope.</p>
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		<title>Where We&#8217;ve Gone Wrong: An Illustrated History</title>
		<link>https://www.bjanda.com/blog/where-weve-gone-wrong-an-illustrated-history/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 05 Mar 2020 13:32:26 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1293</guid>

					<description><![CDATA[Advertising has never been a particularly admired profession. Indeed, some would say it isn’t a profession at all. We’re not doctors or teachers, we’re not even lawyers or accountants. We don’t make or do anything of any great practical use to humanity. We help people sell stuff. But that having been said we’ve historically been [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Advertising has never been a particularly admired profession. Indeed, some would say it isn’t a profession at all. We’re not doctors or teachers, we’re not even lawyers or accountants. We don’t make or do anything of any great practical use to humanity. We help people sell stuff.</p>
<p><span id="more-1293"></span>But that having been said we’ve historically been reasonably liked. Ad people tend to be curious, interesting, outgoing. We may not save the world but at least we add to the gaiety of nations.</p>
<p>What we produce has been at worst tolerated and at best enjoyed (for years I used to hang on to a survey finding from (I think) the Advertising Association claiming that 51% of people preferred TV ads to the programmes surrounding them). Maybe what we produce is not as universally loved and revered as we might like to think but the best entertains and endures. And it sells stuff.</p>
<p>But over the last ten years or so we seem to have gone wrong. The advertising we produce, as numerous studies (including work from the Advertising Association) testifies is not trusted. Ad people are vying for bottom place with estate agents and journalists in the league table of trusted professions.</p>
<p>We’ve gone from being a part of the national water-cooler conversation (‘did you see the new Nike / adidas / Guinness / Audi ad last evening?’) to a footnote (‘I can’t remember any ads I’ve seen’).</p>
<p>People still remember <a href="https://www.youtube.com/watch?v=1VM2eLhvsSM">‘Coke’s Hilltop’</a>. That was 1971. And the <a href="https://www.youtube.com/watch?v=w4-EjJt52ZQ">Hovis Hill</a> (1973), <a href="https://www.youtube.com/watch?v=OIh-0AsRKqk">Guinness Surfer</a> (1999), or the whole raft of Nike Just Do It ads dating back to <a href="https://www.youtube.com/watch?v=p_xozTo6wrU">Walt Stack</a> in 1988.</p>
<p>Some even found their way <a href="https://www.youtube.com/watch?v=DJi_5T0jSnA">into comedy sketches</a> (best to watch the Hovis ad first).</p>
<p>Of course, there are ads and campaigns from the last decade that will endure. And of course, I’m (to be polite) of a certain vintage. But those that endure are I’m prepared to bet rarer than they used to be.</p>
<p>What’s gone wrong?</p>
<p>Some of this is down to technology. We all know the story – not as many mass viewing experiences, smaller audiences to even the largest TV shows, the ability to skip the ads, and so on.</p>
<p>Some is structural. Full-service ad agencies forced a degree of inter-departmental collaboration through proximity. No, not every media guy walked up the corridor to talk to a creative, but it was easier when there was only a corridor between you. Today, many media people don’t know the creators of the ads they’re placing. Many of them don’t even know the ad.</p>
<p>As Mr Leo Burnett said: ‘No one of us is as good as all of us.’ Leo had never heard of social media where it’s more ‘No-one knows as much as me.’</p>
<p>Some is societal. We live in a social media age of bubbles and echo chambers. We’ve convinced ourselves that personalisation and addressability are the cures to all our ills – whereas in fact consumers find an excessive or over-obvious amount of over-personal contact from advertisers ‘creepy’.</p>
<p>Yes, it’s acknowledged as useful that Google Maps knows where you are, but whether that acknowledgment of usefulness extends to someone pestering you to buy a pair of shoes on the basis that 10 minutes ago you bought a pair is debateable.</p>
<p>In a nutshell, we’ve turned what was a skilful business that mixed art and science into an exercise in mass-optimisation. We’ve confused media targeting with creative relevance.</p>
<p>As a result the media guys (remember I am one..) have been running around convincing advertisers of the benefits of this that or the other acronym, selling in data solutions the details of which they don’t really understand, and all to convince some auditor that the CPM has gone down.</p>
<p>Who cares about the appeal of the ad (sorry, the content)? Who cares if we are adding apples and pears when it comes to viewing data? Stop getting all technical.</p>
<p>The creative fraternity must shoulder some of the blame. Many creative people were slow coming to grips with these new media forms. They didn’t understand them, seeing them as little more than the modern-day equivalent of a new magazine format, or TV slot.</p>
<p>Consequently, they applied the techniques they had learned on old media; the early results worked about as well as placing a long copy press ad on a supersite on the Cromwell Road.</p>
<p>Clients meanwhile have been asleep at the wheel. It is far easier to understand that 100 million impressions is bigger than 10 million than it is to make a judgement on an ad’s creativity and likely effectiveness.</p>
<p>Whether the 100 million means anything, is accurate or even truthful has become almost beside the point.</p>
<p>The media guys – we – wanted to be centre stage. Well, we have been there for a while now and I think it’s fair to say that having the industry lead by the buyers and sellers of media hasn’t been an unqualified success.</p>
<p>But – there is hope. The next Cog Blog will explain.</p>
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		<title>Media Matter; Audiences Matter More</title>
		<link>https://www.bjanda.com/blog/media-matter-audiences-matter-more/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 27 Feb 2020 16:18:34 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1290</guid>

					<description><![CDATA[We are supposed to be good at words. We are after all in the communications business, although if you’ve had the misfortune to read a typical agency pitch document or sit through yet another conference paper on neuroscience and the media you may wonder. In fact, we are cavalier in how we describe things. We [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>We are supposed to be good at words. We are after all in the communications business, although if you’ve had the misfortune to read a typical agency pitch document or sit through yet another conference paper on neuroscience and the media you may wonder.</p>
<p><span id="more-1290"></span>In fact, we are cavalier in how we describe things. We mislead ourselves as well as the rest of the industry.</p>
<p>The media agency business some decades ago decided that they were really communication agencies. They were right too – no other group is better placed to be able to plan truly integrated campaigns, using a mix of experiential, PR, advertising, sponsorship and all the rest of it.</p>
<p>Around the same time, agencies decided to adopt an audience-centric approach to planning. In other words, build the plan around the audience and not around the channel. That was smart too – you still see trade press releases about this or that online specialist coming to the same conclusion years later.</p>
<p>And so to media research. <a href="https://www.bjanda.com/blog/audience-measurement-in-2020-a-blueprint/">A couple of weeks ago</a> I outlined a blueprint for the future of what I deliberately described as audience measurement, featuring a much more prominent leadership role for advertisers.</p>
<p>At the heart of this is the need for cross-media measurement in some shape or form, funded by a levy on ad expenditure. A levy such as the one I propose would secure a long-term funding future for this sort of work.</p>
<p>What I had in mind was not so much ‘media research’ as ‘audience measurement and insight’.</p>
<p>Media research implies a focus on the medium. It means researching the audience to TV, or video, or online. It suggests currencies. It narrows the scope of what we should be about to the buying of space or time. It limits possibilities and means that anything that tiptoes outside the currency ropes is a project, a one-off, a nice-to-have. But not an integral part of the business.</p>
<p>Look at the work undertaken by the media marketing organisations, like Thinkbox or Newsworks. Great work, fascinating and very well packaged. But is it really at the heart of the industry? How many agencies truly use Planning for Profit, and the principles it espouses day-to day? It’s great, but not embedded.</p>
<p>Media research is a narrow term. Which is not to diminish its importance, rather to recognise that there are many issues that cannot be solved by the currencies; issues they were never designed to solve in the first place.</p>
<p>When the current media research frameworks were designed, we lived in a far simpler world. Ad campaigns were still largely single-medium. As mixed-media campaigns became more common-place we learned to finagle the data we had to allow for estimates to be made of things like total reach and frequency.</p>
<p>In the UK, BMRB as it then was invented the TGI, a single source measure still widely used today. Last year the TGI celebrated its 50<sup>th</sup> birthday.</p>
<p>More recently Lynne Robinson at the IPA came up with Touchpoints, another fine addition to the research stable but with equally obvious limitations.</p>
<p>All of this work, the currencies, the TGI, Touchpoints are built around exposure to the media. Yes, we can run analyses that allow us to build hypotheses around such issues as attention, but we’re torturing the data, pulling, pushing, stretching it into shapes for which it was never designed.</p>
<p>Meantime we are struggling to come up with a way that allows us to combine social media data with panels. We have so far failed to persuade the platforms to open up their datasets to verification. We cannot agree on basic standards and definitions.</p>
<p>These are all areas were advertiser pressure can help.</p>
<p>But we need to be far more ambitious than just agreeing what a viewer is.</p>
<p>We need to understand audiences. Why do they view or read what they do? What motivates them to spend more time on one thing than another? What are the key elements that drive loyalty and stickiness? What is the impact of context? How do consumers’ full panoply of media choices truly work for them in combination?</p>
<p>How are PR and experiential amplified by traditional advertising?</p>
<p>We know a lot about the media; and not much about audiences.</p>
<p>We need true Audience Measurement and Insight – an acronym that Cog Blog readers of a certain vintage will enjoy.</p>
<p>&nbsp;</p>
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		<title>Want to Pitch?</title>
		<link>https://www.bjanda.com/blog/want-to-pitch/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Feb 2020 15:16:07 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1288</guid>

					<description><![CDATA[What a weird business we’re in. On the one hand we talk a lot about the need for consistency in relationships, about the need to truly understand the client’s business, about the importance of our work being acknowledged and respected in the advertiser’s Boardroom. And on the other we celebrate pitches as if we were [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>What a weird business we’re in. On the one hand we talk a lot about the need for consistency in relationships, about the need to truly understand the client’s business, about the importance of our work being acknowledged and respected in the advertiser’s Boardroom. And on the other we celebrate pitches as if we were involved in a sporting event (we even delight in publishing new business league tables).</p>
<p><span id="more-1288"></span>I’ve felt for years that there are far too many pitches.</p>
<p>There are times, for sure when a pitch is inevitable. When the agency has failed to deliver on its set goals. When despite a mass of internal team shuffling the agency has simply run out of ideas. When the client has been given good reason not to trust how the agency is behaving. When the business has outstanding issues that have entirely changed the requirement the client has from its agency relationship.</p>
<p>There are other times when there is absolutely no need to pitch. First among those is: ‘We are sure we can get it cheaper elsewhere.’ Yes, you can. And the overwhelming odds are that you’ll pay for it eventually.</p>
<p>Second is: ‘We fancy a change’. So talk to the agency about a change of team.</p>
<p>Third is: ‘We insist on a regular review with all our suppliers’. What, including management consultancies? Corporate lawyers? Accountants? It’s a terrible thing but advertising partners are far too often bracketed alongside cleaners, security suppliers and taxi firms as interchangeable commodities.</p>
<p>Fourth is: ‘My brother-in-law runs an agency and I promised him a stab at the business’ (yes it happens, although I grant you the words used when I came across this were a little more dressed up).</p>
<p>Let’s be clear there are many excellent procurement heads (and consultants) who do indeed understand the difference between price and value; but there are an awful lot who don’t.</p>
<p>I’m certainly not alone in having dissuaded more than one client from pitching his business.</p>
<p>There was the time when, in our first meeting, when I asked why the client wanted to go to all the time and trouble of a pitch the best he could do was to describe the incumbent agency as ‘rubbish’.</p>
<p>This was simply untrue (they had many satisfied clients, a mantel-piece groaning with awards, and a strong reputation within the industry). The team on the business might not be optimal, but that’s a different thing, with a different desired outcome.</p>
<p>Second, I had to wonder how come the client had changed agencies so many times? They were literally running out of agencies without a competitor who might be prepared to go through all that rigmarole.</p>
<p>Third because it was pretty clear at that first meeting (and was subsequently confirmed) that the problem with the quality of the work being delivered lay with the client and some truly awful internal processes, not the agency.</p>
<p>Sadly far too many agencies feel unable to raise these issues honestly and openly with their client – until it’s too late and they’re in a pitch, which, with these sorts of issues hanging over them they have literally zero chance of winning (and that’s another thing – why invite an incumbent to pitch if you’ve already decided they won’t win?).</p>
<p>It’s very rare in my experience for any advertiser to work out the cost to the business of all those meetings, all that time spent bringing the new agency up to speed, all the legal fees, let alone the hidden costs of not spending the time on the day job.</p>
<p>My one-time client Kellogg’s always used to hand every new brand manager a booklet, outlining the believes and behaviours expected of an employee. The first sentence, if I remember was something like: ‘It is not your job to change the advertising agency; it is your job to get the most from the agency.’</p>
<p>Yes, pitches are fun; it’s flattering to be welcomed by all those people wanting your business. But are they really worth it to the long-term health of the business?</p>
<p>Agencies too always say they live for pitches. They do their best work under the adrenaline-fueled pressure – it’s the one time when they truly bring all disciplines together in an integrated common quest.</p>
<p>Well-run pitches are an outstanding experience for everyone concerned, but not all pitches are well run. Not all pitches are fair. Not all pitches are necessary. Not all pitches produce a true winner.</p>
<p>There’s a cycle. Pitch the business. Win the business. Get over the initial excitement of winning the business. Work out that you can’t make money on the business. Reduce the servicing on the business. Miss your targets on the business. Pitch the business.</p>
<p>We should celebrate long lasting relationships more, and pitches less.</p>
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		<title>Audience Measurement in 2020. A Blueprint.</title>
		<link>https://www.bjanda.com/blog/audience-measurement-in-2020-a-blueprint/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 13 Feb 2020 11:57:29 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1284</guid>

					<description><![CDATA[Last week’s Cog Blog laid out the case for this being a watershed year for audience measurement. We are facing an increasingly complicated media world within which we use multiple devices to consume content selected from a vast array of choice. We consume at times and in places that suit us, not the content providers. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><a href="https://www.bjanda.com/blog/audience-measurement-in-2020-a-watershed-year/">Last week’s Cog Blog</a> laid out the case for this being a watershed year for audience measurement. We are facing an increasingly complicated media world within which we use multiple devices to consume content selected from a vast array of choice. We consume at times and in places that suit us, not the content providers. And we’ve been trying to make sense of all this with a set of tools that were imagined in a different age.</p>
<p><span id="more-1284"></span>It’s time to think beyond the currencies, and to consider audience measurement in the round.</p>
<p>The issues are clear even if the solutions are not. They come down to money and clarity of purpose. We are blessed with many professional audience measurement businesses, but what we don’t have is a brief.</p>
<p>So – here goes with a blueprint, over-simplified and summarised.</p>
<p>Defining the desired outcome in broad terms is actually the easy bit – ‘easy’ in the sense that most people agree with the basic principles. The need is for cross-media research that guides the advertiser towards the ideal communication channel mix to meet his goals.</p>
<p>The group that needs to drive this forward is the advertisers. Vendors, of whatever shape and size have no interest (nor should they) in looking beyond the borders of their own worlds. Agencies should contribute but they’re not a realistic source of major funding.</p>
<p>The advertiser is the ultimate beneficiary of any system that helps improve any aspect of marketing and should be at the forefront of driving improvements.</p>
<p>Furthermore, as the beneficiary, advertisers (and not just the biggest) should pay. Why should a traditional media form pay for anything that risks revenues moving to the platforms? Or, indeed vice-versa.</p>
<p>Audience measurement is an important contributor to advertising success, and beyond. It can help quantify different qualities of exposure by channel. It can expose dodgy data that is not part of an approved validation system. It can undermine the spread of fake news. It can explain how different communication channels feed off each other and work together. It’s no exaggeration to say that accurate audience measurement plays a part in ensuring a democratic, fair society.</p>
<p>It can be compared to industry-administered ad regulation. The only people who benefit from an unregulated ad market are those who seek to lie and cheat. Those who tell the truth, in a creative and interesting way benefit (we can discuss why UK political advertising is unregulated another day).</p>
<p>Advertisers benefit from this system of regulation by not spending time in court arguing over whether or not Persil really washes whiter. It’s a fast, flexible system that moves with the times, the language and the fashions. Advertisers are right to fund it.</p>
<p>Ad regulation is funded in the UK by a levy on adspend. It’s collected simply, fairly and proportionately.</p>
<p>I see no reason why a levy can’t fund greater audience understanding. It’s been tried before as a funding mechanism for audience measurement in South Africa, successfully.</p>
<p>It offers a secure funding base from which roadmaps can be drawn up. It engages and involves advertisers in the debate.</p>
<p>A small fraction of a percentage could deliver a healthy annual pot.</p>
<p>Let’s assume a 0.1% levy in the UK. Total adspend here is of the order of £20,000 million. 0.1% = £20 million. Let’s assume that not all media spend is monitored or eligible so bring it down to £12m. Assume a collection rate of 50%, so that’s £6 million.</p>
<p>Here’s a <a href="https://vimeo.com/387259678">short video introduction</a> to the levy idea, courtesy of the 2019 asi Conference. This makes a multi-market as opposed to a UK case.</p>
<p>What would the funds raised be used for? First, I wouldn’t dismantle the currency measures. BARB et al do what they do well, and they’re watched like a hawk by their stakeholders.</p>
<p>I see three parts to an advertiser driven initiative (or set of initiatives).</p>
<p>The first needs to address issues around the giant platforms and should be able to be progressed without substantial advertiser funds (beyond staff costs). Common definitions (like ‘what is a viewer?’) need to be agreed. An objective programme of data validation and verification needs to be put in place.</p>
<p>I’m not advocating a one-size-fits-all approach, but some basic principles need to be laid down, and the advertisers are the only people (possibly in conjunction with the regulators) to do it. Continued major advertiser support for the platforms should be made conditional on these reforms taking place.</p>
<p>Any costs should be the responsibility of the platforms.</p>
<p>Part two consists of desk research – looking around at what others do, seeking ways to combine datasets from different sources, looking at how small changes (like adding questions to existing studies) could yield significant results.</p>
<p>Part three would be a programme to deliver a cross-media planning data framework for the industry.</p>
<p>Is a Facebook video impression the same as a TV impression, and if not what is the comparison? Are ads in a printed newspaper read as carefully as TV broadcast ads are viewed? What is an influencer campaign on YouTube worth and how can the value be maximised? How does an editorial exposure generated by PR compare with an ad on the same website? Is a radio 30” commercial the same as an OOH exposure and if not what’s the comparison.</p>
<p>Ask any agency planner these questions and you’ll get answers. But they will be based on opinion and experience, maybe some client-specific evidence. Not considered and measured industry-wide research.</p>
<p>I’ve heard that work like this would discourage agencies from doing their own proprietary work. I don’t agree – it would give them a framework from which to build.</p>
<p>Then there’s the media marketing organisations, some of which seem to think this sort of work would somehow undermine their own efforts. Why wouldn’t this sort of programme help them in selling their own medium’s strengths?</p>
<p>Then there are those involved in running the currencies. Again – why should they be worried about this? To unpick the currencies would be mad (as I argued <a href="https://www.bjanda.com/blog/the-telegraph-and-the-abc/">here</a> a couple of weeks ago).</p>
<p>I think an advertiser programme should be about adding to what we have. Not undermining the foundations many of us have spent decades constructing. A programme of planning research can only be constructed on top of a firm base.</p>
<p>Those who have so far argued against a levy as a funding mechanism say it won’t be acceptable to advertisers. Maybe not immediately &#8211; we need to sell it in just the same way that we had to sell the ASBOF (ad regulation) levy all those years ago.</p>
<p>It could be sold as a way of spending savings from the media budget.</p>
<p>Look what happens now. An agency sells the client a plan to buy 4 insertions across 10 titles – 40 insertions in total (I told you I was going to simplify). The 40 is sold as an optimal number. The agency delivers 45 because it’s big and butch in its negotiations. But is 45 necessarily better than 40? And why couldn’t the cost of the 5 be put into the levy?</p>
<p>Spending to plan rather than spending to budget in other words.</p>
<p>In the UK the advertiser trade association ISBA has hired and is seeking advice from anyone prepared to give it.</p>
<p>The UK has a history of innovative audience research initiatives (like the TGI, 50 years ago).</p>
<p>Now would be a good time to do it again.</p>
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		<title>Audience Measurement in 2020 &#8211; A Watershed Year</title>
		<link>https://www.bjanda.com/blog/audience-measurement-in-2020-a-watershed-year/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 06 Feb 2020 16:40:07 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1280</guid>

					<description><![CDATA[The Cog Blog is nothing if not prescient. Here’s an extract from a post on 9th January. That’s, oh almost a month ago (or sometime in the last decade in the minds of those from the cult of the shiny thing). I wrote: “‘Measurement’ is believe me the topic of the moment.” I sense this [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The Cog Blog is nothing if not prescient. Here’s an extract from a post on 9<sup>th</sup> January. That’s, oh almost a month ago (or sometime in the last decade in the minds of those from the cult of the shiny thing). <a href="https://www.bjanda.com/blog/lessons-to-be-learned/">I wrote</a>: “‘Measurement’ is believe me the topic of the moment.”</p>
<p><span id="more-1280"></span>I sense this will be a watershed year for audience measurement. That does not mean it’s time for a clear out. Moving from an established proven system to a new approach can lead to deep regret and unintended consequences unless we are careful to save the best bits of the thing we’re junking.</p>
<p>But whilst those sentiments can be applied to many things in the media world (like the BBC), today’s post focuses on a topic (how we measure audiences) that may appear dry but is in fact of great significance in the accountability of the media.</p>
<p>For many years the ad business has been lucky to have at its disposal a number of studies and services, each created to provide something deeply relevant to that particular medium, each designed, managed and verified by the industry as a whole.</p>
<p>‘The industry’ means the media owner – the broadcasters, publishers, radio stations and so on – the agencies who use the data, and the advertisers whose money funds us all.</p>
<p>This JIC approach has worked well, indeed it still works well. BARB is a brilliant way of measuring TV audiences, PAMCO and RAJAR do what they’re supposed to do, which is to provide both the currency for the planning, buying and selling of ad space, and a whole lot more.</p>
<p>The funding has worked well too. Take TV. The broadcasters largely fund BARB, with the agencies paying for access to the data.</p>
<p>That’s as it should be – the broadcasters use the data for far more than selling airtime. It’s vital in selling programmes overseas, in constructing schedules, in calculating artists’ worth and it helps justify such as the BBC licence fee.</p>
<p>But as we all know, in the media world of today nothing is ever simple. Once you move from TV to video you introduce a whole new set of issues. For example: what is a viewer? Easy you may think, but different deliverers of audiences have different opinions.</p>
<p>Whose rules should dictate the way the research is done? When I sat on the BARB Management Committee it was simple: the broadcasters decided, and even if we as agencies huffed and puffed we couldn’t really do anything unless the broadcasters agreed. We could discuss, debate, argue, we were listened to and could even affect things at the margins, but when it came to it we all knew what was going to happen. He who pays the piper calls the tune.</p>
<p>If you’re Facebook, or Google / YouTube you have your own set of rules and indeed your own set of data collected deterministically and hidden away from the prying eyes of those who would seek to validate or analyse them. Why should you compromise your rules, or share your data with the competition?</p>
<p>On the other side why would the broadcasters give the likes of Facebook and Google the measurement credibility that comes with the BARB imprint when doing so risks a loss of revenue?</p>
<p>The people who most benefit from an all-in, holistic system are the advertisers and their advisers. Their needs are clear – they want and need a cross-media measurement system. But historically they’ve never paid for the research (and the old argument that advertisers ultimately pay for everything is silly. On that basis consumers, who really pay for everything should fund audience measurement via a tax).</p>
<p>Planners need industry-wide cross-media planning data, to compare the impact and effect of advertising with PR, influencer marketing, sponsorships. We need, within advertising to be able to advise on TV versus streamed video versus online display versus social media versus radio.</p>
<p>This is nothing new (although the labels have changed). We’ve always needed planning data and industry-accepted standards save a lot of pointless arguments later.</p>
<p>The buy side has been so focused on buying matters, and so unprepared to pay for anything that we have had to make do, stretching and bending the currency data to try to answer planning questions for which the research was never designed.</p>
<p>None of this is to suggest that we should junk the BARBs of this world, nor does it mean that the currency data is somehow not as important as it has always been. It’s just that not even being able to agree what a viewer is has become rather important.</p>
<p>The elephant in the room is who pays. Agencies never have any money (unless it’s for Cannes entries) and anyway the focus of anything they do spend is on proprietary research as pitch fodder. TV broadcasters have no interest in funding research that might lead advertisers towards another media form. The platforms are growing very nicely thank you and see little reason to do anything other than carry on doing what they’re doing inside their walled gardens.</p>
<p>The key to solving this lies with the beneficiaries – and that means the advertisers. But they will need to do more than issue white papers and speak at conferences.</p>
<p>I have some thoughts and even partial solutions. The next Cog Blog will reveal what they are and argue for their adoption.</p>
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		<title>Janet and John Do Advertising &#8211; Badly</title>
		<link>https://www.bjanda.com/blog/janet-and-john-do-advertising-badly/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 03 Feb 2020 09:05:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1275</guid>

					<description><![CDATA[I delayed last week’s post until after the glorious / miserable (delete according to choice) day when the UK left the European Union. For those overseas, this happened at 11pm on Friday 31st January. The wait was so that I could, without being accused of political point-scoring write about the incredible ad campaign run by [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I delayed last week’s post until after the glorious / miserable (delete according to choice) day when the UK left the European Union. For those overseas, this happened at 11pm on Friday 31<sup>st</sup> January.</p>
<p>The wait was so that I could, without being accused of political point-scoring write about the incredible ad campaign run by the Government to ‘Get Ready for Brexit’.</p>
<p><span id="more-1275"></span>I use the word ‘incredible’ in its literal sense. The campaign run by the Government was hard to believe – it was a monumental waste of money (£46m had been spent out of the quoted budget of £100m when the Brexit delay occurred); it featured awful creative; and it used media so badly it will probably feature in a ‘how not to do it’ case study taught to future students of media planning.</p>
<p>Let’s go back to the beginning.</p>
<p>Brexit was supposed to happen on 31<sup>st</sup> October 2019 (note that date). The Government decided to run a campaign to advise us all how to prepare for Brexit. As at that stage there was no election planned there was no suggestion that this was anything other than a public service announcement campaign.</p>
<p>The first thing that happened was a budget of £100 million was set aside and two lucky agencies were appointed.</p>
<p>No pitch, as far as anyone can tell, the agencies were just appointed &#8211; to a £100 million account. The agencies were Engine (fun fact: Engine’s recently-past President, Robin Wight once stood as a Conservative Party candidate) and the American-Omnicom-owned OMG.</p>
<p>The budget was widely seen as ridiculously high – after all the campaign wasn’t likely to run for more than a couple of months, three at most given that it <a href="https://www.campaignlive.co.uk/article/government-launches-100m-brexit-campaign/1595252">launched at the beginning of September</a>.</p>
<p>Then the campaign appeared. You can judge for yourself but suffice it to say that ‘Campaign’ described it as ‘a communications abomination’ in awarding it their coveted <a href="https://www.campaignlive.co.uk/article/turkey-week-ad-remainers-brexiters-hate/1660627">Turkey of the Week</a> award for bad advertising.</p>
<p><img loading="lazy" class="alignnone size-medium wp-image-1276" src="http://www.bjanda.com/blog/wp-content/uploads/2020/02/106107551-1567420877320gettyimages-1165625115-300x200.jpeg" alt="" width="300" height="200" srcset="https://www.bjanda.com/blog/wp-content/uploads/2020/02/106107551-1567420877320gettyimages-1165625115-300x200.jpeg 300w, https://www.bjanda.com/blog/wp-content/uploads/2020/02/106107551-1567420877320gettyimages-1165625115-768x511.jpeg 768w, https://www.bjanda.com/blog/wp-content/uploads/2020/02/106107551-1567420877320gettyimages-1165625115-1024x681.jpeg 1024w, https://www.bjanda.com/blog/wp-content/uploads/2020/02/106107551-1567420877320gettyimages-1165625115.jpeg 1910w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Finally the media placements were shall we say questionable. ‘Campaign’ reported <a href="https://www.campaignlive.co.uk/article/100m-guessing-game-government-insists-playing/1663191">one such</a> with the ad appearing in an article on the controversy around the Northern Ireland border issue (you obviously can’t experience these online placements now) whilst wondering if ‘placements (were) so crassly absurd it’s hard not to think someone did it on purpose for the lols.’</p>
<p>A thoughtful piece by the respected ex-agency now consultant <a href="https://www.linkedin.com/in/robert-ray-a0092821/detail/recent-activity/">Robert Ray</a> on LinkedIn asked: ‘Why would anyone &#8211; Brexit or otherwise &#8211; use a newspaper ad to simply attempt to direct someone to a website somewhere else to read whatever it is they want them to read?’</p>
<p>I wonder if the obsession with online media forms and the use of addressable messaging via the likes of Facebook has driven planners to forget the basics of how offline media works? Newspapers contain lots of words that people who buy them like to read. Long copy can work brilliantly well in that environment.</p>
<p>Anyway, with all that money and the brains of two very competent agencies it worked, right?</p>
<p>No – apparently it didn’t. The National Audit Office <a href="https://www.theguardian.com/politics/2020/jan/28/get-ready-for-brexit-campaign-had-little-effect-says-watchdog">found that</a>: ‘Auditors said the numbers of people looking for information about Brexit did not notably change as a result – ranging from 32% and 37% during the campaign, to 34% when it stopped, having spent just under half of the allotted money.’</p>
<p>These atrocious results would never have happened, or tolerated had someone competent at the client been involved, like the <a href="https://www.bbc.co.uk/news/uk-politics-13890059">dearly-departed COI</a>.</p>
<p>The agencies are of course good agencies – but even good agencies ultimately follow a client brief. The client knows best, or to paraphrase <a href="https://www.ft.com/content/3be49734-29cb-11e6-83e4-abc22d5d108c">Michael Gove</a> – who needs experts?</p>
<p>Mind you – maybe it did work and we’re looking in the wrong place. A General Election was called on October 31<sup>st</sup> (that date again) and took place on December 12<sup>th</sup>, with Boris Johnson’s Brexit-loving Conservatives winning a large majority.</p>
<p>Not of course that the ‘Get Ready for Brexit’ campaign was really a Conservative party election campaign hiding in full sight. Election campaigns are funded by the party, Government information campaigns by the taxpayer.</p>
<p>Perish the thought.</p>
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		<title>The Telegraph and The ABC</title>
		<link>https://www.bjanda.com/blog/the-telegraph-and-the-abc/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 23 Jan 2020 12:02:59 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1271</guid>

					<description><![CDATA[Last week an unusual thing happened. The Telegraph Media Group (TMG), publishers of The Daily and Sunday Telegraph announced that they were pulling out of the ABC (for overseas readers, that’s the UK’s Audit Bureau of Circulations, the industry-wide measurement of newspaper and magazine sales covering around 1,200 titles). The official announcement from TMG stated: [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week an unusual thing happened. The Telegraph Media Group (TMG), publishers of The Daily and Sunday Telegraph announced that they were pulling out of the ABC (for overseas readers, that’s the UK’s Audit Bureau of Circulations, the industry-wide measurement of newspaper and magazine sales covering around 1,200 titles).</p>
<p><span id="more-1271"></span>The official announcement from TMG stated: &#8220;The Audit Bureau of Circulations results published, today, January 16th, are the final set of ABC results Telegraph Media Group will take part in.”</p>
<p>&#8220;The ABC metric is not the key metric behind our subscription strategy and not how we measure our success.&#8221;</p>
<p>It is perhaps worth deconstructing this decision given other events.</p>
<p>In effect TMG is saying they will no longer subscribe to the industry’s measurement of sales. Any passing cynic, like me, will feel obliged to point out that at a time when the newspapers are losing sales (both the daily and the Sunday paper were down 12% December 2019 over December 2018) this rather smacks of ‘we don’t like this set of numbers, so we’re ignoring them. Meantime here’s another set, controlled by us.’</p>
<p>The ‘controlled by us’ bit comes from TMG’s comment that they will be issuing subscriber numbers. Or in Telegraph-speak: &#8220;..our core subscriber numbers which are omnichannel and we will communicate these numbers each month&#8221;. PWC will have a role ‘assuring’ the industry of the efficacy of these numbers.</p>
<p>Once again (and not forgetting that the ‘C’ in ‘Cog’ stands for cynical) it might be worth pointing out that the only value in any guarantee the industry has from TMG that they will publish subscriber numbers assumes you believe the word of TMG.</p>
<p>Given this is the newspaper group that has from time to time been accused of behaving somewhat unethically when it comes to its journalism I’m not sure that a promise to release data that it alone verifies before handing them over to PWC for ‘assurance’ is worth a huge amount.</p>
<p>Remember the 2015 case involving the editorial coverage of HSBC, a major advertiser that led to the journalist Peter Oborne sticking to his principles and leaving the newspaper? Here’s the <a href="https://www.bjanda.com/blog/the-telegraph-chicken-and-egg/">Cog Blog on that 2015 story</a>.</p>
<p>Frankly whether you believe TMG&#8217;s promises or not this whole thing is a worry, for a number of reasons.</p>
<p>First, the ad business has made it very clear that they expect validated, independently verified data to be at the heart of media measurement and thus central to decisions on where money is spent, and how.</p>
<p>The WFA, and (in the UK) ISBA have both made this principle crystal clear.</p>
<p>Secondly, wasn’t it the newspapers who were at the forefront of the fuss about Facebook data? Data that is not validated and is controlled by the vendor isn’t worth the paper it’s printed on, FB lied to their advertisers, and so on?</p>
<p>Indeed, the newspapers’ own marketing association, Newsworks makes much of the quality of their members’ data, their transparency in measurement and so on. And quite right too. I’m not sure if Newsworks has commented on TMG’s decision.</p>
<p>Third, it is rather insulting to the media agency business that TMG thinks they can just take away one piece of data and replace it with another. Agencies need sales data (via the ABC), subscriber data, PAMCO on and offline readership data, the more data they can get their hands on the happier they’ll be, and the more rounded their advice to their advertisers.</p>
<p>Yes, of course the odd press expert has emerged to tell us all that sales don’t much matter in an era of digital, but that’s hogwash. All exposures matter – if they didn’t why bother with a print title at all?</p>
<p>After all, those saying printed newspapers are irrelevant these days are usually the first people to complain when they appear in them as a result of some misdemeanour.</p>
<p>One commentator, Nick Langworthy got it right in <a href="https://www.campaignlive.co.uk/article/will-withdrawal-abc-undermine-advertiser-trust-telegraph/1671189">‘Campaign’</a>: “The ABC is the bedrock of all print trading; to remove oneself from this trading model removes oneself from trading conversations.”</p>
<p>I haven’t noticed agency CEO’s condemning TMG’s decision, although the IPA did issue a ‘strongly worded’ statement.</p>
<p>Why the silence from the leaders of our largest agencies? Could it possibly be something to do with protecting their deals?</p>
<p>After all, it was only <a href="https://www.bjanda.com/blog/backwards-through-the-glass/">in October last year</a> that the Cog Blog commented on a ‘Campaign’ report on TMG’s annual accounts. Here’s what ‘Campaign’ had to say:</p>
<p>“Telegraph Media Group has disclosed for the first time in its annual accounts that it pays rebates to media agencies and clients.</p>
<p>“These rebates can take the form of cash payments, free advertising space or a mixture of both,” the accounts said.</p>
<p>“The company enters into agreements with advertising agencies and certain clients, which are subject to a minimum spend and typically include a commitment to deliver rebates to the agency or client based on the level and share of the spend over the contract period.”</p>
<p>Presumably these contracts contain zero provision to cover TMG from suddenly deciding they don’t like the industry’s data.</p>
<p>Will agency CEO’s be writing to their Telegraph-using clients to tell them of the implications of the publisher’s decision? Some will be raising concerns, I’m sure, but the biggest guys? Will they put at risk their rebates should advertisers decide to vote with their wallets?</p>
<p>Only two weeks ago <a href="https://www.bjanda.com/blog/lessons-to-be-learned/">we commented</a>: ‘Measurement is .. the topic of the moment’.</p>
<p>Well, the first brick in the joint industry research wall has cracked. Hopefully the crack can be filled and any lasting structural damage avoided.</p>
<p>&nbsp;</p>
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		<title>Word of the Year</title>
		<link>https://www.bjanda.com/blog/word-of-the-year/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 16 Jan 2020 13:54:35 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1269</guid>

					<description><![CDATA[Last week I was (I think entirely justifiably) snooty about predictions. The Cog Blog doesn’t make predictions – if only because of an entirely rational fear of being called out a year later for getting them hopelessly wrong. I was once called to account on a public platform by the great Ray Snoddy for something [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><a href="http://www.bjanda.com/blog/lessons-to-be-learned/">Last week</a> I was (I think entirely justifiably) snooty about predictions. The Cog Blog doesn’t make predictions – if only because of an entirely rational fear of being called out a year later for getting them hopelessly wrong.</p>
<p><span id="more-1269"></span>I was once called to account on a public platform by the great Ray Snoddy for something I had predicted on stage at the Edinburgh TV Festival over 10 years before. I still bear the scars.</p>
<p>I have though noticed a couple of new trends. One – predictions for the decade. Unless you’re either a) hugely big-brained and have invented a time machine, or b) so arrogant that the fear of being challenged, let alone being proved wrong simply never occurs to you, these are to be avoided at all costs.</p>
<p>The second trend is ‘word of the year’. Now, this I can deal with. Several people have already come up with their ‘media word of the year’. For example, the ANA in the US declared on December 4<sup>th</sup> that ‘personalisation’ is their word of 2019. I thought word of the year was a forward-looking thing, but apparently it can be awarded retrospectively as well.</p>
<p>A tad ironically, two days earlier Gartner had issued a report in which they stated: “By 2025, 80% of marketers who have invested in personalization will abandon their efforts..”</p>
<p>Mind you, kudos to the ANA. It makes a lot of sense acting retrospectively, especially if a respected consultancy has, just two days before indicated that however strong the concept it does rather depend on data excellence to deliver to it.</p>
<p>Writing in <a href="https://www.campaignlive.co.uk/article/year-ahead-strategy-honest/1669091?bulletin=campaign_agencies_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20200107&amp;utm_content=Campaign%20Agencies%20(197)::&amp;email_hash=">‘Campaign’ Ian Darby</a> went with ‘honesty’ as the byword for strategic thinking in 2020. It’s a quality that has been in short supply as the media and ad tech industries make it their mission to explain technological issues in a way that is long on confusion and short on honest explanation.</p>
<p>In relation to honesty in branding I can do no better than quote Ian, quoting Jim Carroll, chair of the Creative Strategy Awards judges at Cannes: &#8220;In the age of transparency, brands need to be prepared to recognise their flaws and failings – indeed, sometimes to celebrate them. This entails being positive and proactive around issues that were hitherto regarded as unappealing and unattractive. It means telling the truth.&#8221;</p>
<p>A challenge for some brands – notably some of our favourite platforms.</p>
<p>IDComms decided on ‘simplify’ as their word of 2020 and they have a point. We could all do with remembering simple principles and applying them to our ever more complicated world.</p>
<p>As they were in the mood to hand out awards, IDComms made Bob Hoffman, the AdContrarian their media man of the year.</p>
<p>I’m a huge admirer of Bob’s, like him enormously and am a loyal reader of his blog. But there must be some media practitioners out there who can mount a challenge? Where are the thought leaders; the provocateurs; the shakers-of-trees; the challengers of convention in the media agency or vendor worlds?</p>
<p>We need more Bobs. In fact, we need a media Bob. Even a second-hand Bob will do it for us.</p>
<p>And so – with a roll of drums the Cog Blog can reveal its word of 2020. It’s ‘trust’.</p>
<p>We could all do with agencies regaining the trust of their clients; and consumers feeling that they can trust the media they consume. At the moment trust is in short supply.</p>
<p>Simple, honest and trustworthy. Applied personally of course. It will never catch on.</p>
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		<title>Lessons (To Be) Learned</title>
		<link>https://www.bjanda.com/blog/lessons-to-be-learned/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 Jan 2020 09:30:44 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1265</guid>

					<description><![CDATA[It’s traditional to start the first post of the year with predictions for the year ahead. It’s inevitable that a few of these will come true (on the basis that even a stopped clock is right twice a day), and equally inevitable that most will never happen. Fortunately these latter are never mentioned. It’s the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s traditional to start the first post of the year with predictions for the year ahead. It’s inevitable that a few of these will come true (on the basis that even a stopped clock is right twice a day), and equally inevitable that most will never happen.</p>
<p><span id="more-1265"></span>Fortunately these latter are never mentioned. It’s the height of bad manners (not to mention a breach of the bloggers’ code) to point out next January that the emperor turns out to have no clothes.</p>
<p>So, as the Cog Blog enters its 7<sup>th</sup> year we’re going to steer well clear of any predictions, and most specifically any with any trackable numbers attached to them. Rather, we are going to look back at what we’ve learnt over 2019 and cogitate on how we take those lessons forward into 2020.</p>
<p>We’ve learned that the advertising world did exist before the advent of online media forms. Hard to believe, I know but the lessons of the past are coming in remarkably useful, and this will no doubt continue to be the case in 2020.</p>
<p>For example, reach matters. Excessive frequency irritates (and can be hugely counter-productive). Trying to convince the same person who has just bought your goods to buy them again might work if you happen to be selling beans but doesn’t work if you’re buying saucepans (you may correctly assume I’m writing on the basis of personal experience).</p>
<p>Machines are clever at many things, including helping write media plans, but  the clue is in the word ‘helping’. We are not yet at the stage when media plans can be entrusted to a giant optimiser. Creative excellence trumps most things.</p>
<p>Anyone who thinks otherwise either doesn’t know what a media plan is, wouldn&#8217;t know creative excellence if it punched them in the face, or has no experience of working with optimisers.</p>
<p>Short, snappy slogans work. They become memorable, and as such we want to believe them more than having to do the work to try to understand wordy restating of a strategy (or policy, come to that).</p>
<p>Audience measurement might be a dry topic, discussed and delivered by earnest people who don’t wear black T-shirts, jeans and sneakers and who prefer to attend conferences that actually debate the issues as opposed to a dressed-up trade show, but dry or not &#8216;measurement&#8217; is believe me the topic of the moment.</p>
<p>Media runs on measurement. If the measurement is wrong, or not there, or not validated objectively then we’re all in trouble.</p>
<p>Anyone who thinks otherwise is in for a nasty shock when they wake up to find that the ground beneath their feet has turned into a rather nasty, messy bog.</p>
<p>In 2019 the indications were that we were starting to recognise some basic truths. Media principles survive. Slogans work. Measurement matters.</p>
<p>There are more. Branding works, building brand equity is a worthwhile enterprise. Short-term activity, designed to drive short-term results also works.</p>
<p>But – and here’s the bit we need to get a lot better at in 2020, these things work better in combination. Campaigns designed to deliver short-term results work better if someone has thought to build the brand over the preceding few years. It’s not either, or; it’s both</p>
<p>Some have done wonderful work building their brands over more than ‘a few years’. Here’s the <a href="https://adage.com/article/cmo-strategy/vw-bids-farewell-beetle-big-new-years-eve-campaign/2224206?utm_source=ad-age-daily&amp;utm_medium=email&amp;utm_campaign=20191231&amp;utm_content=hero-headline">‘Farewell to the VW Beetle’</a> ad from the US. Just think what that car certainly, but also that positioning , that agency (DDB as was) and that advertising has done for the VW business over many decades, building a platform from which all other activities can accelerate.</p>
<p>All media forms and platforms work, but media forms work better together – as has always been the case. As media fragments, and as more and more new opportunities emerge this is even more true.</p>
<p>Anyone who thinks otherwise is either a media salesman paid to have a blinkered world view, or someone new to the business who simply believes the latest round of absurdly very big numbers from the online platforms.</p>
<p>The more things change, the more we forget as someone almost said.</p>
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		<title>A Letter to Santa</title>
		<link>https://www.bjanda.com/blog/a-letter-to-santa/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 12 Dec 2019 14:44:54 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1261</guid>

					<description><![CDATA[BJ&#38;A has done work for the7stars and Byline Times, both mentioned here. This is the last Cog Blog of the year; Christmas, family, cooking, presents and fun all mean I won’t have time to post again until the New Year. So, it seems appropriate and timely to use my mighty platform to write to Santa. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>BJ&amp;A has done work for the7stars and Byline Times, both mentioned here.</em></strong></p>
<p>This is the last Cog Blog of the year; Christmas, family, cooking, presents and fun all mean I won’t have time to post again until the New Year. So, it seems appropriate and timely to use my mighty platform to write to Santa. Here’s hoping.</p>
<p><span id="more-1261"></span>I’ve now been in this business a quite embarrassingly long time – 50 years. That’s longer than I was expecting when I started out, in fact it’s longer than I was expecting when I started this blog 6 years ago.</p>
<p>Fortunately, I like advertising. I like the people, the discussions, the passion, the different opinions, the best creative work, the dynamism, and the speed of change even if speed doesn’t necessarily mean progress.</p>
<p>Most of all I like the agencies (creative and media, just to be clear). I want them to succeed. I want them to be in a position to do their best work as their best work is just terrific.</p>
<p>Things have though been going wrong.</p>
<p>Media agencies got greedy; and at the same time they became arrogant, thinking they could do absolutely everything even though often they can’t.</p>
<p>Creative agencies got stifled, partly by their holding company owners whose interest has always been financial (see the greedy comment) over and above the excellence of their work, and partly by clients.</p>
<p>What on earth was <a href="https://www.bjanda.com/blog/clients-clients/">Audi doing reviewing</a> out of BBH? Even setting aside the cost of the review to BBH, what was the internal cost to Audi of a review that went nowhere? The time spent, the meetings held. The cost of pitches to clients is rarely raised or discussed. It should be.</p>
<p>What were the network media agencies doing acting in their own best interests ahead of the interests of their clients?</p>
<p>Given that, here’s what I would like:</p>
<ul>
<li>Media agencies to place planning front and centre of everything they do. Charge properly for the service. Then execute to the plan, not to some agency deal policy. Media auditors and consultancies need to get up-to-speed; the likes of ID Comms (who rightly hate the auditor tag) get it; the largest, <a href="https://www.bjanda.com/blog/auditors-need-to-evolve/">Ebiquity clearly does not</a>.</li>
</ul>
<p>&nbsp;</p>
<ul>
<li>As part of this, the largest media agencies need to rediscover thought leadership. Yes, I know all about the articles that appear from one or two ‘transformation leads’ but they’re too often random reflections on a broad topic. Agencies used to be great at leading the media industry’s thinking on media issues – now they seem too in thrall to the likes of Facebook and their ilk to say anything. And when they do (as Initiative’s CEO <a href="https://www.bjanda.com/blog/welcome-back-to-the-past/">did here</a>, their holding company masters slap them down).</li>
</ul>
<p>&nbsp;</p>
<ul>
<li>We need to rediscover fun. I don’t know who writes the GrumpyAgencyGuy tweets (@grumpyagencyguy), or the MediaLad (@media_lad) tweets but they and the consistently wonderful Dave Trott (@davetrott) and Bob Hoffman (@adcontrarian) all help keep us sane. If you don’t follow them, you should.</li>
</ul>
<p>&nbsp;</p>
<ul>
<li>The shining light in media agency land is the independent sector. The7stars, Bountiful Cow, December 19, Goodstuff have all had excellent years, all have a point of view, are all brave and entrepreneurial and all express themselves fearlessly. I’m hoping, even expecting that they, as a man (and woman) have a brilliant 2020.</li>
</ul>
<p>&nbsp;</p>
<ul>
<li>Closer ties between media and creative remain essential. More collaboration, less fighting turf wars over who gets to keep what share of the revenue. It’s all so tiresome, and tribal. Good luck to all those agencies forging close media and creative links.</li>
</ul>
<p>&nbsp;</p>
<ul>
<li>Agencies of all shapes and sizes can surely play a role in curbing the lying, and the editorial excesses that exist amongst vendors. Place a greater planning importance on integrity, on data accuracy, and on accuracy of reporting. I’m a massive newspaper fan, so I wish every journalist trying to ply their trade and showcase their skills despite what is a pathetic management obsession with clicks, all the best. And to my friends and client at the investigative newspaper and site Byline (@bylinetimes) – long may you dig.</li>
</ul>
<p>&nbsp;</p>
<p>&nbsp;</p>
<ul>
<li>Media research has been a favourite Cog Blog topic of late. All the best to the advertiser trade bodies, the WFA and ISBA as they step in to knock a few heads together in order to get things done. Let them succeed.</li>
</ul>
<p>&nbsp;</p>
<ul>
<li>To Facebook – I wish an outbreak of integrity and honesty in the content they accept; and in the data they produce. A big ask, even for Santa.</li>
</ul>
<p>&nbsp;</p>
<ul>
<li>Finally – to every creative award organiser and jury. Led By Donkeys (@ByDonkeys) have done stellar work; they deserve to be recognised by the industry they are not in (but should be).</li>
</ul>
<p>I’m posting this on Election Day in the UK. Tomorrow, some of us will be elated, some of us disappointed. At the end of the day, life goes on; we need to remember we are all a great deal luckier than most.</p>
<p>Finally, Santa, it would be great if we were all a bit kinder and more generous to our fellow man in 2020 – even if we disagree. We can all listen better.</p>
<p>Thanks for reading the Cog Blog this year (in every increasing numbers) and may you have a very Happy Christmas, and a wonderful and successful 2020.</p>
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		<title>Time to Shine</title>
		<link>https://www.bjanda.com/blog/time-to-shine/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Nov 2019 08:41:28 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1254</guid>

					<description><![CDATA[Media research has had a bad rap for many years. I have something of an inside track on this as I started my career as a media researcher before moving into comms planning and agency management. Actually, that’s not quite accurate, as pre my research days I had been an agency messenger, but even I [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Media research has had a bad rap for many years. I have something of an inside track on this as I started my career as a media researcher before moving into comms planning and agency management. Actually, that’s not quite accurate, as pre my research days I had been an agency messenger, but even I could see that that was a career path with limitations.</p>
<p><span id="more-1254"></span>It’s weird. The media business runs on research and measurement. Consider ratings, readership, viewing, listening and traffic data; take these away and there’s no buying and selling.</p>
<p>And yet media researchers are the poor relation. Historically, they have never been properly valued within most agencies or vendors (yes, there are a very few exceptions); they don’t enjoy the superstar status afforded to those in planning or buying (does ‘Campaign’ have a star media researcher of the year? To save you looking: no).</p>
<p>Until comparatively recently (when Mediatel launched their scheme) there wasn’t an annual set of awards for excellence in their field.</p>
<p>Instead the media research community has spent its time quietly advancing its skills, via bodies like the UK’s MRG, and at conferences like the asi events.</p>
<p>Meantime the buyers and sellers swan around at Cannes, or at the plethora of digital conferences where they discuss … well, I’m not sure what exactly, but it all sounds very new and shiny and (judging by the output) often lacks real world application.</p>
<p>What media researchers do is so fundamental, so important to the business as a whole that they deserve to be listened to, praised and celebrated. And recently there are signs that might be about to happen.</p>
<p>Media agencies have since the start been labelled as buying shops – it’s still how many advertisers refer to them. They are seen to exist to buy cheaply. This may be unfair (it <u>is </u>unfair) but it’s a fact.</p>
<p>The reason that this misconception continues is simple. Agencies have (certainly until recently) done little to counter the perception.</p>
<p>Imagine yourself as an agency CEO. You are charged with raising your revenues, which could mean increasing the price at which you sell your services to your clients, and to win any new business at a higher fee. Tough assignment.</p>
<p>But &#8211; you have a choice. Option one: demonstrate the worth of what you do, the value of your planning supported by your investment in research. Justify your fee. Act like a management consultancy (it’s a model you always say you aspire to).</p>
<p>Or hold your fee, secure in the knowledge that you can beat up a few media vendors for a few extra percentage points of undeclared rebate.</p>
<p>One is hard, but the right thing to do, as some of our best independent agencies demonstrate.</p>
<p>The other is easy and sweeps the whole dreary matter under the carpet for your successor to find one happy day.</p>
<p>That happy day has come. The agency model is slowly changing post the ANA / Jon Mandel affair. The biggest guys have cleaned up their act; the secondary players, including those owned by some of the top holding companies have not.</p>
<p>Change is in the wind. Planning is moving front and centre, and not just in pitches. Even the most dedicated buying-led managements have realised that this is essential as more and more advertisers take a look at what’s been going on and react by taking elements of the media function in-house.</p>
<p>You can bring buying and systems in-house a great deal easier than you can creative thinking. Creative thinkers thrive in a culture of creativity – which tends to mean agencies over advertisers.</p>
<p>Creative thinking in a media agency tends by and large to be the province of the planners.</p>
<p>And what fuels planning? Research.</p>
<p>Media research has been focused on the buying and executional end of the business – via the currency metrics. These remain fundamental and essential.</p>
<p>But the exciting bit, the bit advertisers are crying out for (so much so that their UK trade body ISBA is actively driving its own initiative, Project Origin) is around planning considerations.</p>
<p>Time to step forward, media research chaps. Time to shine.</p>
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		<title>Audience Measurement – Enter the Advertiser. Part 2: Who Pays?</title>
		<link>https://www.bjanda.com/blog/audience-measurement-enter-the-advertiser-part-2-who-pays/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 21 Nov 2019 10:55:29 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1252</guid>

					<description><![CDATA[The last Cog Blog post referenced the announcement made at the 2019 asi TV and Video Conference in Prague by Phil Smith, Director General at the UK advertiser association ISBA of an advertiser-driven intervention in audience measurement via a cross-media initiative called Origin. Phil’s paper marked a significant moment in arguing for an ‘always on’ [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The <a href="http://www.bjanda.com/blog/audience-measurement-at-the-2019-asi-conference-enter-the-advertiser-part-one/">last Cog Blog</a> post referenced the announcement made at the 2019 asi TV and Video Conference in Prague by Phil Smith, Director General at the UK advertiser association ISBA of an advertiser-driven intervention in audience measurement via a cross-media initiative called Origin.</p>
<p><span id="more-1252"></span>Phil’s paper marked a significant moment in arguing for an ‘always on’ measure of audiences, cross-media.</p>
<p>Advertisers have traditionally sat outside the various debates around how the industry should measure audiences, in much the same way that they have until recently not engaged in other more commercial aspects of how media is bought and sold.</p>
<p>But no more.</p>
<p>The ISBA initiative seems a natural next step along a road marked by milestones of trust and transparency, in-housing, walled gardens and data controversies. A greater advertiser involvement in audience measurement seems an inevitable progression.</p>
<p>One outstanding issue is around what a famous English comedian from bygone days referred to as ‘the sordid business of coin’.</p>
<p>Advertisers need to contribute more, both financially and intellectually to the audience measurement world.</p>
<p>Consider the alternatives.</p>
<p>Agencies can’t agree amongst themselves on anything. This has always been the case – others might remember the suggestion that UK agencies combine to create a competitor to Kantar Media’s TGI. One of many initiatives that went nowhere.</p>
<p>Video and audio broadcasters / print and online publishers / OOH vendors have a naturally limited interest in funding anything not directly related to their own media channels. Let alone anything that threatens to assist revenue drift to Google, Facebook et al.</p>
<p>The platforms seem to be managing fine as things stand. The risk to them is being exposed as less effective than (say) TV if the rules created by BARB were applied to them.</p>
<p>Research companies? Why would they risk creating something without a guaranteed end-client?</p>
<p>Then ask yourself who benefits from an independent cross-media measurement system? Those who buy, that’s who.</p>
<p>So – the advertisers need to pay, or at the very least persuade everyone else to stump up the cash, which will be nigh on impossible to do without someone ceding control.</p>
<p>That is why I am proposing a levy on adspend to fund independent, advertiser-driven audience measurement.</p>
<p>This is not such a weird idea.</p>
<p>In the UK we have ASBOF (the Advertising Standards Board of Finance) that in effect funds the industry’s self-regulatory service via a levy and has done so successfully since 1975.</p>
<p>As a planner I remember adding the 0.1% to all press campaigns, and explaining the benefits of self-regulation (speed, flexibility, avoidance of legal costs etc) to my advertisers.</p>
<p>So why wouldn’t a levy work as a means to fund audience measurement?</p>
<p>Isn’t it a bit niche, a tad arcane? No, not really. Advertisers and the agencies they employ clearly need independent, verifiable, reliable data to help them plan, buy and evaluate campaigns.</p>
<p>In an era of fake news and made-up data / facts this becomes more important than ever before.</p>
<p>What we have now, via the JICS is outstanding currency data for use in trading. Where are the cross-media planning initiatives? (Before someone writes to me about Touchpoints – an excellent initiative in many ways – it’s UK only, and measures a snapshot in a time of great dynamism in media).</p>
<p>TGI? 50 years old this year and yes a great idea of its time.</p>
<p>Surely it’s time for a fresh look; to build on the work that’s already out there and to give priority to developing planning tools that sit on top of the trading currencies?</p>
<p>An audience measurement levy has been tried before, as far as I can gather with success in South Africa. Why not in the UK as a way of funding the ISBA initiative and, if it works then export it globally via the WFA?</p>
<p>Total UK adspend is around US$30,000 million (I avoid using the word ‘billions’ as it just confuses me).</p>
<p>0.1% (the ASBOF benchmark) is therefore $30 million. It would be unrealistic to expect a 100% success rate for the levy (collecting ASBOF has never been 100% successful) but it does seem reasonable to apply it to all media forms (ASBOF is press only).</p>
<p>But even at a 25% success rate (pessimistic) that still generates a ‘fighting fund’ of $7.5 million.</p>
<p>I know that BARB alone costs in the US$10’s of millions, but we’re not talking about replicating or replacing BARB, rather what’s being proposed is an advertiser-driven initiative to provide an industry-wide planning framework for cross-media decision-making.</p>
<p>The audience measurement business has done a wonderful job measuring intra-media audiences for use in buying. It has largely ignored inter-media initiatives designed to assist in planning.</p>
<p>But in a time of ever-greater complexity we need to move the debate forward.</p>
<p>The only group in a position to do this are the advertisers (as the beneficiaries of better media planning decision-making).</p>
<p>The cleanest and neatest way of funding is via a levy.</p>
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		<title>Audience Measurement at the 2019 asi Conference – Enter the Advertiser (Part One)</title>
		<link>https://www.bjanda.com/blog/audience-measurement-at-the-2019-asi-conference-enter-the-advertiser-part-one/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 11 Nov 2019 12:18:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1247</guid>

					<description><![CDATA[The measurement of audiences to media channels is both essential and far too often ignored as a topic by many of those in agencies and ad sales organisations who seem to spend much of their time polishing their oh-so-cool social media personas. Yet, without measuring who watches / reads / views / listens to or [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The measurement of audiences to media channels is both essential and far too often ignored as a topic by many of those in agencies and ad sales organisations who seem to spend much of their time polishing their oh-so-cool social media personas.</p>
<p><span id="more-1247"></span>Yet, without measuring who watches / reads / views / listens to or sees the media forms in which commercial messages appear there would be no firm basis on which to plan and buy (or sell) advertising.</p>
<p>We would also be missing a major component in evaluating effect. Unless there is reliable data on how many and who has been exposed to the message we cannot realistically judge whether the campaign has worked or not.</p>
<p>Audience measurement may not be as cool as this week’s shiny new thing – but it’s a heck of a lot more significant to the future of our business.</p>
<p>Over time the media research business has evolved a smart model. The researchers recognised long ago the need for pragmatism, developing channel-specific industry-accepted techniques to standards pre-agreed by all.</p>
<p>Times change. The systems developed over time are creaking as new players decide they have no particular reason to join what they see as an establishment party.</p>
<p>Take TV and video. BARB in the UK, and its equivalents in other markets, is very largely funded by the broadcasters whose audiences it measures.</p>
<p>Google, Facebook and other video players do not participate – they have their own rules and definitions that are not aligned with BARB’s, and they’re doing very nicely commercially without playing to long-established rules created by others in a different era.</p>
<p>On the other hand, why should the funding broadcasters change their rules to bring competitors for ad revenue into their club?</p>
<p>The ultimate losers in this breakdown of research law and order, as represented by the joint industry or JIC approach are the advertisers and their agencies. But they aren’t the majority funders of the research.</p>
<p>Advertisers and their agencies need a firm basis to set budgets, allocate funds between media forms, to plan against set objectives, to buy space or time and to evaluate results.</p>
<p>At the very least there’s a clear need for total video measurement, with definitions (of what constitutes viewing, as an example) and standards agreed across the industry, globally.</p>
<p>And there’s a need for research to allow for cross-media measurement to allow for more solid planning between media forms, as well as within those forms. Again, globally.</p>
<p>All of this was the subject of discussion at the 2019 asi TV and Video Conference in Prague last week.</p>
<p>As one asi contributor, Jane Clarke from the Coalition for Innovative Media Management in the US put it, solving these issues is less of a technical research issue and more to do with business and politics.</p>
<p>Phil Smith, from ISBA (the UK advertiser association) who is also a major player within the World Federation of Advertisers used the asi Prague platform to launch an ambitious initiative to measure audiences across media.</p>
<p>You can access ISBA’s <a href="https://www.asiconferences.com/isba-announces-launch-of-uk-cross-media-measurement-initiative-at-asi-prague-2019/">press release here</a> via the asi site; and you can also see a video of me interviewing the ISBA team immediately after the session <a href="https://vimeo.com/372335134">here.</a></p>
<p>This is a significant move for a number of reasons.</p>
<p>First – this is an advertiser initiative. A few of us who’ve been around far too long will remember the days when advertisers showed little interest in anything even remotely to do with media, let alone in media measurement.</p>
<p>Fortunately, those days are largely in the past – in no small part due to the realisation amongst the world’s biggest budget-holders that there are issues around the media world (including transparency) that need their active involvement.</p>
<p>There used to be a quote, framed in the office of the media lead on the McDonald’s business at Leo Burnett in Chicago that read: “Media is far too important to be left to media people”.</p>
<p>Advertisers have realised that the shaping of media measurement is too important to be left only to the media measurement community.</p>
<p>The technical experts need to be briefed to allow them to work their magic.</p>
<p>And a key part of that briefing is answering the twin questions: what would you like? And who will pay for it?</p>
<p>As ISBA explained at the asi in Prague, it is well on the way to addressing the first of these. The second (the issue of who pays) will be the subject of the next Cog Blog post.</p>
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		<title>Backwards Through The Glass</title>
		<link>https://www.bjanda.com/blog/backwards-through-the-glass/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 31 Oct 2019 16:40:52 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1243</guid>

					<description><![CDATA[Remember all that fuss about media rebates and transparency? How naughty old network agencies were guilty of hanging on to benefits negotiated with their clients’ money? And how, no doubt following a charabanc ride to Damascus every one of them swore blind that they had put the bad old days behind them and were now [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Remember all that fuss about media rebates and transparency? How naughty old network agencies were guilty of hanging on to benefits negotiated with their clients’ money? And how, no doubt following a charabanc ride to Damascus every one of them swore blind that they had put the bad old days behind them and were now focussed on charging their clients open and honest fees just like their role models the management consultancies?</p>
<p><span id="more-1243"></span>Well, so much for all of that.</p>
<p>Last week, The Telegraph Media Group published its results for the year 2018.</p>
<p>As <a href="https://www.campaignlive.co.uk/article/telegraph-discloses-rebate-payments-agencies/1663820">‘Campaign’</a> reported: “Telegraph Media Group has disclosed for the first time in its annual accounts that it pays rebates to media agencies and clients.</p>
<p>&#8220;These rebates can take the form of cash payments, free advertising space or a mixture of both,&#8221; the accounts said.</p>
<p>“The company enters into agreements with advertising agencies and certain clients, which are subject to a minimum spend and typically include a commitment to deliver rebates to the agency or client based on the level and share of the spend over the contract period.&#8221;</p>
<p>The amount concerned? ‘Campaign’ don’t quote a number, but they previously reported that at The Mail £22m was set aside, so it seems likely that the Telegraph number is of the same order of magnitude.</p>
<p>And where did that money go? It would of course be truly scandalous, in the light of the agencies’ newly converted status to dealing transparently to suggest that it wasn’t returned to those whose volumes made the rebates possible – the clients.</p>
<p>No doubt major ‘Telegraph’ advertisers are checking even as I write to ensure that they got their fair share of the booty.</p>
<p>Meanwhile, in the land of the free, the transparent and the honest deal, <a href="https://adage.com/article/media/allegations-about-disney-media-review-make-waves/2210471">AdAge</a> reports from the frontline of the global Disney pitch, won by a combination of Publicis Media and Omnicom.</p>
<p>The suggestion within the story is that Disney were demanding / expecting what is coyly described as a ‘share shift’ from the winning agencies.</p>
<p>Here’s how this works. The prospect, as a media vendor calculates that a pitching agency generally commits a certain % of its clients’ budget to him, the prospect.</p>
<p>As a part of the pitch conversation, the prospect makes it clear that should the pitching agency win, the vendor will expect that % to increase by a certain number of share points.</p>
<p>Helpfully someone in the AdAge story suggested this was quite normal business practice: “..much like someone who has AT&amp;T as a key client might use the company as his mobile provider even if Verizon provides better service in his neighborhood.”</p>
<p>Except of course it’s absolutely nothing like this at all.</p>
<p>The agency’s phone contract is negotiated by, and paid by the agency, with the agency’s own money. Spending with a certain vendor is negotiated by the agency using the clients’ money.</p>
<p>It may be contractually transparent for the agency to shift a % of funds towards the vendor, as long as the discount accruing was returned to all of those clients participating, all of whom would be in full knowledge of the arrangement.</p>
<p>But there are several points. First it is unlikely that any client would be asked if they favoured such a shift, which presumably would go against the agency’s well-worked planning considerations (if this was not the case then why would the agency be underspending with the vendor in the first place?).</p>
<p>Secondly, the odds on the client being rebated would be on the low side.</p>
<p>Third, if the agency’s prime role is to plan, and then buy the plan, the agency is acting in an opaque fashion by negotiating first, then shaping the plan around the deal.</p>
<p>But let’s look on the bright side. Maybe this was all a ploy by Disney, trying it on as a way to increase ad revenue through their properties by leveraging a pitch for their business. In other words, a crude attempt resisted by the pitching agencies.</p>
<p>Or maybe at least one of the winning agencies really wanted to win.</p>
<p>Who knows?</p>
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		<title>Wrong Address</title>
		<link>https://www.bjanda.com/blog/wrong-address/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Oct 2019 10:20:33 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1239</guid>

					<description><![CDATA[You would be forgiven for thinking that we’ve learned our lesson when it comes to bright shiny things. Time was when all a tech business had to do was announce they had discovered that they had the answer to some knotty (and unsolvable problem) and my social media feeds would, along with the trade press [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>You would be forgiven for thinking that we’ve learned our lesson when it comes to bright shiny things. Time was when all a tech business had to do was announce they had discovered that they had the answer to some knotty (and unsolvable problem) and my social media feeds would, along with the trade press light up with ‘informed experts’ praising the solution to the skies. Especially if the ‘answer’ was entirely devoid of detail.</p>
<p><span id="more-1239"></span>Mysteriously and all too frequently the solution would then either appear, flare brightly and vanish, or never appear at all.</p>
<p>Too many technologically-driven solutions start at the wrong end. In other words, they provide an answer to a non-existent question, and by ‘non-existent’ I mean in the mind of the end user.</p>
<p>Take 3D televisions. I’ve lost track of the conference rooms I’ve been in, and the pieces I’ve read when the answer to any question concerning viewers and how to attract them to TV was ‘3D televisions’.</p>
<p>Never mind that you had to sit wearing a pair of 3D glasses; or that trialists reported feeling nauseous. Technology could do it, so of course we had to have it.</p>
<p>Except we didn’t. Consumers didn’t want these things. Just because we can doesn’t mean we should. At least, not until we’re really ready.</p>
<p>Addressable video advertising is in danger of becoming the latest failed shiny thing, which would be a shame as the promise is undeniable.</p>
<p>The issue lies in how we apply the technology, and who the early adopters are.</p>
<p>Addressable media forms promise much. We can know far more about who the advertising is reaching; we can target far better; we can reduce wastage.</p>
<p>And just there, in those few lines lie the problem.</p>
<p>The promise of addressable isn’t only with the ‘media’ or distribution end of things (where the greatest concentration of early-adopters within the ad world are to be found). In fact, the greater opportunity lies with the creative side.</p>
<p>Finely detailed targeting is all very well in theory but it ignores certain truths. One of which is that brand fame sells. People are tribal in the sense that they like to think that their behaviours are shared, that they are not alone in thinking this or doing that.</p>
<p>There is truth in the influence of what used to be called ‘the water-cooler moment’, in sharing experiences, some of which are based around what you happen to have seen, read or heard (and some of those may well be ads).</p>
<p>There is also the point that wastage doesn&#8217;t really exist &#8211; all (human) impressions have a value.</p>
<p>At an event I attended last week I heard someone from the agency responsible speak proudly of ‘The Guardian’s’ ‘Point of View’ <a href="https://www.youtube.com/watch?v=-dzxIXHCl90">TV ad</a>. The ad is from 1986 – so 33 years ago. Many present (and they weren’t ad people, let alone ‘Guardian’ readers) remembered the ad.</p>
<p>Would that have been the case had it only been shown to a few likely buyers of the newspaper? And would ‘The Guardian’ have achieved the success it has recently been enjoying had they stuck to targeting some group like ‘recent and infrequent ‘Guardian’ buyers’?</p>
<p>The opportunity with addressable lies less in fancy-Dan media plans and more in harnessing the data and the technology to ensure creative relevance.</p>
<p>In harnessing the big idea (remember that concept?) and to execute it in such a way as to make it as relevant as possible to those exposed to it.</p>
<p>It may very well be that Audi’s big idea is something around ‘technology delivered’ (sorry, BBH) but (by observation) that idea manifests itself via various ads for various models. Ensuring the household is ‘sent’ the ad for the model of greatest relevance to them is a benefit. Just sending them an Audi ad because the household meets the media targeting criteria for the brand is less subtle and likely to be less effective.</p>
<p>The real benefits of addressable media lie in a combination of strategic planning, creative execution and media’s application of data and technology.</p>
<p>Collaboration; co-operation; media and creative.</p>
<p>&nbsp;</p>
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		<title>On Political Advertising</title>
		<link>https://www.bjanda.com/blog/on-political-advertising/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 14 Oct 2019 07:46:29 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1233</guid>

					<description><![CDATA[As I’ve said before this is not a political blog, and so what follows should not be seen through any partisan lens. That said, it’s time we thought a bit about the state of political advertising. Back in the last century I worked in the agency handling the Conservative party account. The agency was Davidson [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>As I’ve said before this is not a political blog, and so what follows should not be seen through any partisan lens. That said, it’s time we thought a bit about the state of political advertising.</p>
<p><span id="more-1233"></span>Back in the last century I worked in the agency handling the Conservative party account. The agency was Davidson Pearce, this was pre-Saatchi and the infamous 1978 Labour Isn’t Working poster that transformed political advertising.</p>
<p><img loading="lazy" class="alignnone wp-image-1234" src="http://www.bjanda.com/blog/wp-content/uploads/2019/10/Saatchi-300x150.png" alt="" width="296" height="148" srcset="https://www.bjanda.com/blog/wp-content/uploads/2019/10/Saatchi-300x150.png 300w, https://www.bjanda.com/blog/wp-content/uploads/2019/10/Saatchi.png 380w" sizes="(max-width: 296px) 100vw, 296px" /></p>
<p>Maurice and Charles Saatchi and the late Tim Bell modernised political marketing, not only through more aggressive advertising but also by coaching politicians in how to communicate effectively (Margaret Thatcher famously took lessons in lowering her voice to give the impression of gravitas).</p>
<p>Before Saatchi and Saatchi, political parties didn’t engage fully with ad agencies. We were a necessary evil that they put up with, because ‘the other side was doing it and so I suppose we should too’.</p>
<p>Party political broadcasts comprised a politician talking behind a desk – before someone worked out these things were basically free 5-minute commercials and should be treated as such.</p>
<p>It was accepted that all ads stopped a week or two before an election, presumably to allow the electorate to get over all the excitement before placing their vote.</p>
<p>The political ad scene was driven by gentlemanly behaviour, and was as boring as hell. How things have changed.</p>
<p>Political advertising is not subject to the same rules and self-regulation as ‘normal’ campaigns. For those unaware of the UK situation, ‘normal’ ads are subject to the rules laid out in our Code of Advertising Practice (CAP) and are regulated by the Advertising Standards Authority (ASA).</p>
<p>Both bodies are paid for by a levy on all campaigns and are thus free to the taxpayer.</p>
<p>The benefits of self-regulation are that it allows for flexibility, as habits and norms change, and for a speedy resolution of any disputes, quite aside from avoiding clogging up the courts and doing away with expensive legal costs.</p>
<p>But ads for political parties or groups (as opposed to Government ads which are regulated) are different. Here’s why, from the ASA:</p>
<p><strong>“Political ads … usually inspire contention and debate.  While we understand the calls for political ads to be subject to the same standards of truthfulness and decency that all UK advertisers have to abide by, there are a number of reasons why we don’t regulate them … Regulating traditional advertising is very different from regulating material that forms part of the democratic process.  It would be inappropriate … for us to intervene in that process.”</strong></p>
<p>But times change, and over the last few years, particularly since the calling of the Referendum on EU membership there have been ample examples of misleading ads that have led to the subject of regulation being raised.</p>
<p>These examples are not exclusive to one side of the Brexit debate over the other, but as passions have run high, ads and other communications have been put out that are either blatantly untrue or have been designed to mislead.</p>
<p>It might seem cynical to suggest that those responsible for these communications have taken advantage of the lack of regulation to lie with impunity – but that’s exactly what has happened.</p>
<p>Misleading political campaigns damage our industry by eroding consumer trust. After all, few outside the ad business know that these campaigns are not regulated.</p>
<p>It’s time this changed, not only to ensure that voters are made aware of the facts, as opposed to partisan lies, but also to ensure that ads are recognised as such by making it clear who’s paying for them.</p>
<p>This is essential, none more so than on social media where it is not even immediately obvious what’s an ad and what isn’t.</p>
<p>The non-partisan campaign group <a href="https://reformpoliticaladvertising.org/">The Coalition for Reform in Political Advertising</a> is arguing for change. It would be great if readers of this blog could support their efforts – their ambitions are good for all of us.</p>
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		<title>Relevant or Creepy?</title>
		<link>https://www.bjanda.com/blog/relevant-or-creepy/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 30 Sep 2019 10:07:07 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1230</guid>

					<description><![CDATA[DISCLOSURE: BJ&#38;A HAS DONE WORK ON THE KANTAR DIMENSION STUDY MENTIONED HERE One of the dilemmas we face with online advertising is identifying just where relevance stops and stalking starts. We all want to see ads that are relevant to us and our needs, but to what extent are we prepared to give up elements [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>DISCLOSURE: BJ&amp;A HAS DONE WORK ON THE KANTAR DIMENSION STUDY MENTIONED HERE</em></strong></p>
<p>One of the dilemmas we face with online advertising is identifying just where relevance stops and stalking starts. We all want to see ads that are relevant to us and our needs, but to what extent are we prepared to give up elements of our privacy to achieve that?</p>
<p><span id="more-1230"></span>This dilemma is well illustrated within the latest manifestation of Kantar Media’s annual Dimension study. Across the five markets covered (UK, USA, China, France, Brazil), and a total sample of 5,000 connected adults, 61% say they prefer to see ads relevant to their particular interests. It may be a little surprising that that figure isn’t higher.</p>
<p>54% object to being targeted as a result of their past online behaviour.</p>
<p>When asked, less than 1 in 3 say they <strong>‘</strong>don&#8217;t mind providing a website or social media network with information about myself if it means that the advertising I see is more relevant to me’.</p>
<p>The desire for relevance is obvious; and yet so is the desire for privacy.</p>
<p>The more we know about someone – the more relevant the advertising; the more we know about someone – the greater the threat to their privacy.</p>
<p>I’ve recently bought a pair of shoes (news that will come as a huge surprise to those who remember me in agencies, where I famously never wore shoes. I guess we all grow old.)</p>
<p>I now can’t move for shoe ads on social media.</p>
<p>Once upon a time this was a strategy of sorts – the people most likely to buy Ecco shoes in the future were probably quite similar to those who had just bought a pair – but that argument doesn’t really work when we are talking about identifiable individuals. After all, I’m unlikely to buy another pair for several decades.</p>
<p>Nick Emery of Mindshare once shared an excellent analogy to explain online advertising. In his example, he’s walking through a department store on the way to buy a set of luggage. En route he walks through the shoe department. Without breaking stride, he comments to his wife: ‘That’s a nice pair of shoes’.</p>
<p>From then on he’s pursued through the store by a salesman yelling: ‘Buy these shows, buy these shoes!’ Naturally he doesn’t.</p>
<p>Online ads reach a lot of people and no doubt once or twice they’ve been known to work..(that’s a joke, chaps). But crass retargeting does not work; and most retargeting is crass.</p>
<p>Tracking people around the internet to my mind is wrong. It’s the line where using a mass advertising medium, with the potential to deliver audiences in a smart way tips over into stalking.</p>
<p>And where does this leave that wonder of the modern age – addressability?</p>
<p>I think the promise of addressability is around a creative as opposed to a media benefit. Yes, we can zero in on an individual and send them individually focussed messages – but the examples I’ve seen soon cross over the line to creepy.</p>
<p>On the other hand, if a strong strategic thought can be executed in a way that makes it particularly relevant to me without me thinking my every move is being tracked and reported on, then fine.</p>
<p>In any event, the demise of cookies, and the real possibility that soon we will be in a position to manage our own data and distribute it / sell it to whoever we like will go a long way towards resolving the dilemma.</p>
<p>We will all get to pick what is for us the balance between creepy and relevant. <a href="https://www.mycustomer.com/selling/crm/doc-searls-vrm-and-the-new-tools-of-engagement">Doc Searls’ VRM</a> vision is fast becoming a reality. The Cog Blog will look at that in a future post.</p>
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		<title>What&#8217;s GroupM For?</title>
		<link>https://www.bjanda.com/blog/whats-groupm-for/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 20 Sep 2019 11:35:38 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1227</guid>

					<description><![CDATA[My apologies to GroupM for the click-bait title. I could just as easily have substituted OMG, MediaBrands or Publicis Media for the WPP media operation, but that’s what you get if you’re the tallest poppy – you attract all the attention, wanted or not. Now that I’ve got your click, the real question is: what [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>My apologies to GroupM for the click-bait title. I could just as easily have substituted OMG, MediaBrands or Publicis Media for the WPP media operation, but that’s what you get if you’re the tallest poppy – you attract all the attention, wanted or not.</p>
<p><span id="more-1227"></span>Now that I’ve got your click, the real question is: what is the point of the media agency mini-holding companies? Do they even have a point anymore?</p>
<p>The question as it pertains to GroupM in particular was posed by <a href="https://www.campaignlive.co.uk/article/time-reboot-group-m-again/1595612">Gideon Spanier</a> in the current print edition of ‘Campaign’. He writes that he’s made the point about the need for a reboot at GroupM before, in 2016. This time around Gideon writes: ‘GroupM has struggled to articulate its purpose in this changed market or even why it needs to exist as a brand.’</p>
<p>This never even used to be a question. It was generally accepted by advertisers that the biggest buyers got the best deals. That’s not to say that it was true, just that certain figures within advertiser organisations believed it to be true. And it suited the holding company bosses to play that tune.</p>
<p>The bigger you are the better the deals in other words. So if you happened to have Mindshare, MediaCom, what was then MEC and the dear departed Maxus in your stable, why wouldn’t you aggregate all those lovely volumes together into one even lovelier volume and beat the crap out of any media owner that dared to ask for some business?</p>
<p>As Cog Blog readers are a discerning and well-informed bunch, you’ll have spotted the flaw in this plan. Or rather, the several flaws.</p>
<p>But flaws or no flaws, on March 5<sup>th</sup> 2015 the first small cracks that would lead eventually to the world caving in for those whose profits and bonuses depended on media-vendor revenue appeared.</p>
<p>That was the fateful day when one of GroupM’s past employees, Jon Mandel, in his role as an independent consultant stood up in front of the US advertiser association, the ANA and presented the results of his research into the admitted behaviours of the planning and buying community.</p>
<p>Mandel did not name names – and it is important to stress that the criticisms of behaviours have never been focussed on any individual agency or agency group.</p>
<p>The point remains though that the trend for aggregating spend volumes as a key element in negotiations has at the very least slowed in the wake of the investigation that followed Mandel’s original presentation.</p>
<p>GroupM, and the other mini-holding companies still have a role in a non-volume obsessed world.</p>
<p>Their very scale allows them to attract talent, to invest in specialist businesses, research tools and technologies that can then be made available to the client-facing media agencies within the stable.</p>
<p>They can or should be able to drive consistencies through their networks, ensuring the highest standards and sharing best practice.</p>
<p>The individual networks do this too, of course but their focus is, rightly on their clients. A supra-organisation can play a useful role setting operating principles and supporting their networks.</p>
<p>It’s an interesting debate as to whether an organisation like Xaxis exists primarily as a centre of excellence to the GroupM agencies, or as a winner of direct business. I can well imagine that the stakeholder debates on boundaries, and where one stops and the other starts were and are lively.</p>
<p>The media agency landscape is evolving as planning and related activities move centre-stage, and as trading moves to sit alongside as opposed to above these more consultancy-looking roles.</p>
<p>The mini-holding companies need to evolve too. Naturally some will do that better than others. We’ll see how that goes.</p>
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		<title>How Many Ads?</title>
		<link>https://www.bjanda.com/blog/how-many-ads/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 12 Sep 2019 07:40:39 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1224</guid>

					<description><![CDATA[Disclosure: BJ&#38;A has consulted with Kantar Media on the Dimension study mentioned here It has been reported that both ITV and Channel 4 have been arguing for the maximum number of ads per hour limit to be lifted. Historically the major UK broadcasters have operated at 7 minutes per hour, rising to 8 in primetime. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>Disclosure: BJ&amp;A has consulted with Kantar Media on the Dimension study mentioned here</em></strong></p>
<p>It has been <a href="https://www.thedrum.com/news/2019/08/19/broadcasters-talks-raise-tv-ad-limits">reported</a> that both ITV and Channel 4 have been arguing for the maximum number of ads per hour limit to be lifted. Historically the major UK broadcasters have operated at 7 minutes per hour, rising to 8 in primetime. Smaller broadcasters have been known to run to 9 minutes, still way below the EU maximum of 20%, or 12 minutes per hour. In the US, the figure varies by network but averages around the 12-minute mark.</p>
<p><span id="more-1224"></span>Just over a year ago Fox in the US were <a href="https://www.hollywoodreporter.com/news/fox-plans-reduce-ad-load-2-minutes-hour-by-2020-1092245">talking of</a> reducing their ad load to 2 minutes per hour by 2020, a move they positioned as being about delivering a superior experience to their viewers.</p>
<p>The IPA, in the person of Wavemaker’s Tom George, Chair of the Association’s Media Futures Group <a href="https://ipa.co.uk/knowledge/ipa-blog/how-many-ads-are-too-many-ads/">has argued persuasively</a> that the ITV/C4 limit should not be extended.</p>
<p>Increasing the minutage is an easy, but misguided approach by our broadcasters. Even assuming that there is latent, unmet demand for TV airtime beyond a few blockbuster shows (which may or may not be the case) the point is that what you gain in short-term revenue you lose in the effectiveness of your medium.</p>
<p>It’s a little odd that the medium that argues most cogently for advertising effectiveness being a long-term game should themselves be looking so short-term.</p>
<p>From the consumer standpoint, more ads are not necessarily seen as a good thing.</p>
<p>Over the last three years, <a href="https://www.kantarmedia.com/dimension/en?r=true">Kantar Media</a> has produced original research into the biggest issues facing the media end of the communications industry. The research involves a mix of quantitative consumer work, and qualitative work designed to unearth the issues faced by industry leaders across five large ad markets (USA, China, Brazil, UK, France).</p>
<p>One issue explored is the balance between subscriptions and ad funded models.</p>
<p>On the one extreme we have the success of Netflix, with zero ads and thus a business model reliant on subscriptions; at the other the large traditional broadcasters (like ITV) who rely primarily on ads to fund the service (and yes I know I’m simplifying and yes I know that revenue from programme sales exists).</p>
<p>The latest, 2019 Dimension study contains a wealth of insight into why consumers sign up for subscription services (it’s all about content, as opposed to ad avoidance); what they like and dislike about advertising (excessive frequency, the bane of so many online campaigns, features heavily); and the numbers choosing to adblock (pretty consistent over the three years at c 21%).</p>
<p>Setting aside the quantitative insights, one interesting quote stands out, from a US-based research and broadcasting consultant, Howard Shimmel (ex Nielsen and Turner Broadcasting) of Janus Strategy and Insights.</p>
<p>Howard was speculating on what would happen should Netflix decide at some point to accept ads – something that is increasingly being seen as a matter of when not if.</p>
<p>“One thing Netflix won’t do is to make the same mistakes as linear TV in cluttering up their experience. There are some networks that make you watch one minute of non-programme time for every two minutes of content! If Netflix creates an ad model, it will be far more tailored to consumers.”</p>
<p>Or, as Rhiannon Murphy from the7stars put it from the <a href="https://www.campaignlive.co.uk/article/tv-buyers-divided-ad-minutes-increase/1595518?utm_content=buffer1f500&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=twitter+main">advertisers’ point-of-view</a>: “Advertisers are not crying out for more ads but for the ability to reach the audience they used to get.”</p>
<p>Consumer experiences are important, upset the delicate balance between the number of ads, and the on-screen look to viewers and you’re on a very short road with no turning back possible.</p>
<p>Broadcasters need to take into account the views of both consumers and their paying customers before rushing after an illusionary pot of gold.</p>
<p>&nbsp;</p>
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		<title>Procter and Gamble &#8211; Searching and Reapplying</title>
		<link>https://www.bjanda.com/blog/procter-and-gamble-searching-and-reapplying/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 06 Sep 2019 11:31:02 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1221</guid>

					<description><![CDATA[I grew up on the P&#38;G media account. When I first got involved, I didn’t understand them at all. They had their own processes, their own rules, and even their own language made up of acronyms. I learnt later that one rule was that no memo (this was pre-email; for goodness sake it was nearly [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I grew up on the P&amp;G media account. When I first got involved, I didn’t understand them at all. They had their own processes, their own rules, and even their own language made up of acronyms.</p>
<p><span id="more-1221"></span>I learnt later that one rule was that no memo (this was pre-email; for goodness sake it was nearly pre-electricity) could be longer than one page of A4 in length. The acronyms bought you precious space.</p>
<p>You could say they invented Twitter way before Twitter.</p>
<p>Early on in my career on the business I went to an industry event and got talking to the other agency media heads working on other elements of the Procter account.</p>
<p>One, Saatchi’s John Perriss gave me advice I’ve remembered to this day. Procter and Gamble, he said were the best client in the world. They believed in advertising, they spent loads of money, they believed in paying their agencies properly, and they were extremely loyal.</p>
<p>I remembered this when helping my agency (Leo Burnett) win AOR assignments around the world, when I was offered a job by Aegis (whose CEO, Sir Crispin Davis was at P&amp;G and who I’m sure was more impressed that I had Procter experience than he was by anything else I had ever done), and when I read in today’s edition of <a href="https://www.thedrum.com/news/2019/09/06/pgs-marc-pritchard-even-after-almost-40-years-marketing-ill-never-stop-learning?utm_campaign=Newsletter_Daily_EuropeAM&amp;utm_source=pardot&amp;utm_medium=email">The Drum</a> newsletter that their current CMO Marc Pritchard is now officially ‘an advertising legend’.</p>
<p>We all have our Procter anecdotes. First off, the name. It’s spelt with an ‘er’, not an ‘or’.</p>
<p>I once made that mistake and was corrected by being told to remember ‘cleaner, whiter, Procter’.</p>
<p>Then when I was at Carat (then most definitely not a Procter agency) I was asked if I would put together a team to come and present on how we saw ‘the next 20 years of media’. Any thoughts I had on how I was about to become a massive hero by winning the business was dashed in the next sentence: ‘This is not a pitch, you will not win business, you are not to sell, and we will pay you a fee plus expenses.’</p>
<p>Finally, when lunching with them after our ‘futures’ presentation they asked me if I thought they should invest in what was then referred to as ‘satellite TV’.</p>
<p>I started off on the pros and cons of Sky only to be stopped and told very politely that they meant ‘invest in’ as in ‘buying our own satellite station’.</p>
<p>Of course, more recently it was Procter, and Marc Pritchard who gave oomph to the transparency debate that has reshaped agency finances, and who laid out the conditions he expected from the major platforms before committing to them.</p>
<p>The Procter mantra always used to be ‘search and reapply’. Find what works, then do it again in other words.</p>
<p>Not everything they do (or Marc does) comes good, of course, but in The Drum piece Pritchard makes the point that even after close to 40 years in marketing he never stops learning.</p>
<p>It’s a welcome antidote to those who consider that they know everything, and that this gives them permission to never stop telling.</p>
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		<title>Keeping an Open Mind</title>
		<link>https://www.bjanda.com/blog/keeping-an-open-mind/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 30 Aug 2019 07:25:03 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1218</guid>

					<description><![CDATA[Disclosure: BJ&#38;A works with Byline Times, sister to the Byline Festival mentioned in this post The best, and most successful people within advertising have always kept an open mind. They recognise that ideas come from anyone and anywhere, and there is great merit in looking outside our own little circle both at the wider world, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>Disclosure: BJ&amp;A works with Byline Times, sister to the Byline Festival mentioned in this post</em></strong></p>
<p>The best, and most successful people within advertising have always kept an open mind. They recognise that ideas come from anyone and anywhere, and there is great merit in looking outside our own little circle both at the wider world, and at those engaged in other creative endeavours.</p>
<p><span id="more-1218"></span>Tracey Follows and John Griffiths in their <a href="https://www.amazon.co.uk/98-Pure-Potato-John-Griffiths/dp/1783522283">fascinating book</a> ’98% Pure Potato’ chart the history of account planning and how that discipline helped shape modern advertising.</p>
<p>They make the point that account planning changed advertising by refusing to accept that there was only one, formulaic way of doing things.</p>
<p>Sheila Byfield in her <a href="https://www.amazon.co.uk/old-new-Sheila-Byfield/dp/0244501955/ref=sr_1_2?crid=FCHG4J90UU8H&amp;keywords=in+with+the+old+in+with+the+new&amp;qid=1567090903&amp;s=gateway&amp;sprefix=in+with%2Caps%2C157&amp;sr=8-2">new book</a> ‘In With the Old, In With the New’ writes that when she joined Ogilvy she spent time in each department: ‘I had a big picture understanding of the business and … could talk far more knowledgeably with clients than I would have been able to do with a one-dimensional view limited to my specific discipline’.</p>
<p>Don’t just accept the status quo; and understand how what you do, within your particular specialism fits with everything around you.</p>
<p>I spent the holiday weekend at <a href="https://www.bylinefestival.com/">The Byline Festival</a> listening to panel sessions and interviews. The topics included ‘How To Defend the BBC’ (I came away wondering if the title should have been: Whether..); the influence that dark money and misusing individuals’ social media data has had on recent elections / referendums; how Tommy Robinson was created and marketed; and the issues caused by a lack of regulation around political advertising and indeed social media generally.</p>
<p>Speakers ranged from high profile figures like Carole Cadwalladr, Misha Glenny, Kirsty Laing, Peter Jukes, Peter York, Luke Harding and Gina Miller through to UK correspondents from Die Welt, the Greek TV network Hellenic BC, and Le Monde.</p>
<p>There was nobody on stage from the commercial side of the media business (understandably perhaps), nor (shamefully) from management.</p>
<p>I thought back to the days of ‘The Sunday Times’ under Harry Evans and the support he received from his Sales Director when the Insight team ran investigative campaigns that upset some of the paper’s advertisers.</p>
<p>Would today’s sales heads behave in the same way (I doubt it)?</p>
<p>What would it take for the agencies to think a little about on issues other than the numbers?</p>
<p>I know the argument that we should only be about reaching an audience (more ads on Pornhub then), indeed up to a point I support them, but should it not be part of our role to consider in the round the media that carry our advertisers’ messages.</p>
<p>I learned a lot at Byline – I did not know that there are now more people employed in PR than there are journalists, nor was I aware that UK newspapers are the least trusted in Europe.</p>
<p>I was broadly aware of the pressures journalists are under – but not to the extent that their lack of numbers mean that many are reduced to recycling press releases, generating clicks or being monstered (or blackballed) for not swallowing whole the latest spin from whichever politician.</p>
<p>It was also clear that journalists simply don’t understand why it is that political advertising in this country is not subject to the same creative rules that apply to other forms of advertising.</p>
<p>They have a point.</p>
<p>We seem stuck in our own little bubble.</p>
<p>Within the media end of the ad business we’ve become so locked into the detail, the smaller issues, the gross numbers and the meaningless online metrics that we have lost sight of the bigger picture.</p>
<p>How do people use the media, how does the media itself influence opinion and behaviours? How important is editorial integrity, and if it is, what can, or should the ad industry do about supporting and promoting it?</p>
<p>How should newspapers be funded in the era of FB, Google et al?</p>
<p>Can we truly have a free press when politicians and leaders simply bark ‘Fake News’ at anything that displeases them – and be believed by their supporters.</p>
<p>These are complicated issues; we should all want to be part of the debate and to discuss whether our industry can play any role in driving change.</p>
<p>Best done with an open mind.</p>
<p>&nbsp;</p>
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		<title>When Gary Met Horace</title>
		<link>https://www.bjanda.com/blog/when-gary-met-horace/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Aug 2019 09:17:27 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1213</guid>

					<description><![CDATA[Last week a post arrived in my feed from the sage Gary V. In it he reports being asked for his advice on how to make sure that you pick the right social channel on which to build your brand. His advice? Don’t put all your eggs in one basket. One short post encapsulates the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week a post arrived in my feed from the sage Gary V. In it he reports being asked for his advice on how to make sure that you pick the right social channel on which to build your brand. His advice? Don’t put all your eggs in one basket.</p>
<p><span id="more-1213"></span>One short post encapsulates the issue so many of us old-fashioned planners have with the know-it-all digiterati.</p>
<p>First, the very idea that it’s somehow a given that to build a brand (or even your brand) it’s mandatory to select one channel and ignore all others.</p>
<p>Next that the relationship between brand and channel is so close that one cannot survive the decline of the other.</p>
<p>Finally, that success can only be seen as being achieved over the short-term. Who cares about the long-term?</p>
<p>But then again, the question that Gary says is one shared by many who attend his appearances does have a grain of truth within it.</p>
<p>And that is that within media planning (and advertising more generally) there are many examples of rule-breakers becoming successful in large part because they break the rules.</p>
<p>Once upon a time I used to take a presentation around clients with our agency’s creative director, the late great Allen Thomas. The point of the presentation was to highlight glorious exceptions to certain ‘golden rules’. We would say something like: ‘TV is all about the combination of sound, colour and motion’ before showing a reel of ads that were black and white, silent, or comparatively static.</p>
<p>Or ‘it’s impossible to represent colour within a radio ad’, before playing a Crown paints campaign that used different styles of music to represent colours.</p>
<p>Or ‘size and layout are all important in press campaigns’ before highlighting this from the estate agent Roy Brooks.</p>
<p><img loading="lazy" class="alignnone size-medium wp-image-1214" src="http://www.bjanda.com/blog/wp-content/uploads/2019/08/Roy-Brooks-300x203.png" alt="" width="300" height="203" srcset="https://www.bjanda.com/blog/wp-content/uploads/2019/08/Roy-Brooks-300x203.png 300w, https://www.bjanda.com/blog/wp-content/uploads/2019/08/Roy-Brooks.png 564w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>The idea was to try to get people to think outside the box, not to expect stereotypical ads from us, but to celebrate those creatives, and those clients who believed in doing things differently.</p>
<p>We all know that combinations of media forms work better than a campaign limited to a single channel. But that’s not to say you can’t create memorable brands on one channel.</p>
<p>After all, Perrier was launched in the UK on a solus out-of-home campaign with a budget of £25,000.</p>
<p>And back in the 1950s and 1960s a man called Horace Batchelor launched and promoted his Infra-Draw method, designed to win on the football pools via ads and sponsorships on Radio Luxembourg.</p>
<p>I don’t suppose Horace cared a great deal for reach, frequency and audience statistics, in fact back then I don’t think Radio Luxembourg were renowned for their audience measurement expertise.</p>
<p>He did what he felt instinctively was right, and it gives me enormous pleasure to bring you, <a href="http://www.turnipnet.com/radio/horacebatchelor.wav">here,</a> his creative work, starring (naturally) himself.</p>
<p>Most people who remember Horace Batchelor are my age or older (so, very old indeed). But if you happen to meet one of us, doddering around muttering to ourselves about the good old days here’s a way to bring a smile to our faces.</p>
<p>Ask us to spell a suburb of Bristol called Keynsham.</p>
<p>I’m pretty sure that the only people who can ever do that either live in Keynsham or remember Horace Batchelor.</p>
<p>Branding on a single channel can work; and can live on. Horace Batchelor’s Radio Luxembourg campaign ran in the 1950s and 1960s. He died in 1977.</p>
<p>It’s just that its more likely to work better if you’re able to spread your message across multiple channels and multiple platforms.</p>
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		<title>Lessons from Farage</title>
		<link>https://www.bjanda.com/blog/lessons-from-farage/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 02 Aug 2019 07:38:31 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1207</guid>

					<description><![CDATA[It’s hard to ignore the fuss over ‘Campaign’s’ decision to feature Nigel Farage on the front cover and inside their latest edition. That’s the problem with monthlies – they hang around. Let’s get the political disclosure bit out of the way first. I don’t like Nigel Farage or his policies. But that’s irrelevant to what [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s hard to ignore the fuss over ‘Campaign’s’ decision to feature Nigel Farage on the front cover and inside their latest edition. That’s the problem with monthlies – they hang around.</p>
<p><span id="more-1207"></span>Let’s get the political disclosure bit out of the way first. I don’t like Nigel Farage or his policies. But that’s irrelevant to what follows.</p>
<p>Like him or not, Farage is a charismatic communicator. He cuts through where others can’t; he is all over the media (he gives good copy); he has an ability to shape the agenda.</p>
<p>There must be lessons we can learn.</p>
<p>To be frank I’m not so sure that there are. Certainly, he applies certain well-established principles well, but he operates in a field where the disciplines that define what the rest of us do don’t apply.</p>
<p>What he’s done well is identify a simple message that appeals to a large constituency (that he understands very well) and keep to it consistently.</p>
<p>He appreciates that frequency (of appearance) works in building his brand and keeping it front-of-mind; and he has created impact and excitement (positive and negative) by acting the rebel, going against what he sees as ‘convention’.</p>
<p>He’s realised that it’s the long-term that counts, that the news cycle moves on and will soon wash away any short-term indiscretions or missteps. Keep going, stay focussed, be consistent.</p>
<p>Did we really not know any of that?</p>
<p>One area where Farage has excelled and from which brands could learn is in the importance of tailoring messages to both the medium and the audience.</p>
<p>For example, he realised early on the benefit of making speeches in the European Parliament. This had nothing to do with taking part in any debate, and thus standing up for issues that may be of concern to his constituents, but was all to do with building his brand on YouTube.</p>
<p>Criticising him for walking out as soon as he had made his remarks, for not listening to others, for not debating the issues under discussion misses the point entirely.</p>
<p>He’s understood very well that he needs to tailor his message to his supporters, and their like. This audience is best reached online, with short pithy extracts. So strip out the boring stuff, talk in soundbites, make it seem as if you’re standing up for the common man in front of the elite, and off you go.</p>
<p>In other words, he always has his brand and its appeal to his desired audience front and centre.</p>
<p>Can advertising learn from him? Not really – what he does is execute well-known principles extremely well, but don’t forget he’s operating in a world where the ‘legal, decent, honest and truthful’ framework doesn’t apply.</p>
<p>And life is simpler when you’re owner, CEO, brand manager, head of marketing and copywriter all rolled into one.</p>
<p>Should ‘Campaign’ have featured Farage? Why not, as one example in an issue dedicated to Love and Hate.</p>
<p>But as the cover star?</p>
<p>I think it’s insulting to a serious profession to have a gurning Farage, chomping on a cigar and gracing us all with the thought that ‘I might fancy advertising myself one day’. As if he could just drop in and show us all how it’s done.</p>
<p>It’s degrading to read his stereotyping of the ad business: ‘The advertising industry is a great industry. They still go to lunch. They like a drink…It’s not heavily regulated which means you can make money’. Transparency enquiries anyone?</p>
<p>And we’re all in Soho. Or Manchester where we are only because we’re ‘supported by tax-payers’ money’. Maybe he’s confusing us with the BBC.</p>
<p>Farage aside, there is one lesson we can all learn from current political marketing (advertising included). And that is that it needs regulating.</p>
<p>Politicians (on all sides) are quick to dissemble, to spread information that is at best misleading and at worst downright lies. As James Murphy put it: ‘They learned not to bother too much with facts and to stick to emotions’.</p>
<p>They have a willing accomplice in this in the social media platforms (and in Facebook in particular), which of course aren’t regulated in the same way as other media outlets.</p>
<p>Maybe ‘Campaign’ should focus their planned ‘public forum where we can come together to address your responses (to the Farage piece)..’ on starting that debate.</p>
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		<title>Under the Sun</title>
		<link>https://www.bjanda.com/blog/under-the-sun/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 25 Jul 2019 11:40:44 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1205</guid>

					<description><![CDATA[It’s strange to be saying so on a July day widely predicted to be the UK’s hottest ever, but the fact is there really is nothing new under the sun. Last evening, Netflix premiered their (really excellent) documentary ‘The Great Hack’ on the Cambridge Analytica / Facebook scandal. Most everyone knows the story, for those [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s strange to be saying so on a July day widely predicted to be the UK’s hottest ever, but the fact is there really is nothing new under the sun.</p>
<p><span id="more-1205"></span>Last evening, Netflix premiered their (really excellent) documentary ‘The Great Hack’ on the Cambridge Analytica / Facebook scandal. Most everyone knows the story, for those who need a reminder <a href="https://www.bjanda.com/blog/facebook-the-guardian-and-cambridge-analytica/">here’s one</a> of several Cog Blog posts.</p>
<p>Netflix had previewed the film at Cannes, with the help of Carole Cadwalladr, the investigative journalist who deserves immense credit for unearthing (and continuing to call out) the role that CA and their clients played in various elections around the world, and who features in the film.</p>
<p>Cadwalladr was in Cannes to take part in a discussion with Alexander Nix, CEO of the (now defunct) CA, who pulled out under pressure from ad industry critics.</p>
<p>This in itself was odd in that most of these vocal critics had had nothing at all to say about CA’s activities until the CEO dared to accept an invitation to that holy-of-holies, the Cannes stage, at which point they rather mysteriously found their voices.</p>
<p>Here’s <a href="https://www.campaignlive.co.uk/article/carole-cadwalladr-cambridge-analytica-cannes-thats-gaslighting/1588838">Carole’s take</a> on her first visit to Cannes: “It is the individuals here at Cannes that have the power to change. There is amazing power here, but with power comes responsibility, and I don&#8217;t really see that from the ad industry.&#8221;</p>
<p>In other words, we live in a world in which Sheryl Sandberg of Facebook flies the Atlantic to talk to the ad industry about all the ‘good things’ FB are doing to put right the wrongs caused (in her eyes) by bad actors, but won’t accept an invitation to speak to our law-makers in London.</p>
<p>Given that priority, surely the ad business should take some responsibility for calling out FB’s data misdemeanours?</p>
<p>Imagine yourself back in time. A newspaper with a large reach does something you consider beyond the pale (oh, I don’t know, like hacking the phone of a murdered teenager). Would you continue to advertise in that vehicle?</p>
<p>The evidence is that sufficient numbers would not, sufficient that is to drive the newspaper to close.</p>
<p>One newspaper executive told me that his standard response when faced with an advertiser claiming that newspapers don’t work is to ask why, in that case do Chief Executives go nuts whenever they’re written about in the papers’ editorial pages.</p>
<p>Of course newspapers ‘work’. It’s up to regulators to keep them honest, and it’s up to us to unlock how best to make them work for our clients’ brands.</p>
<p>Exposure on (the unregulated) Facebook ‘works’ too – one lesson from ‘The Great Hack’ is that a mix of a huge platform, masses of data, and carefully tailored messages delivers results – but so far those who’ve used it best are those who’ve used it politically, and by and large unethically.</p>
<p>There are lessons to be learned from this, although sticking Nigel Farage on the front of ‘Campaign’ and letting him get away with his man-of-the-people schtick in a naïve interview isn’t any way to learn them.</p>
<p>Good planning is all about using media forms optimally given their respective strengths. To quote from my best-selling book ‘Janet And John Do Media’, TV builds awareness and desire, print provides the detail. Radio and OOH build frequency. Online delivers immediate response. Most advertisers need some combination of these things.</p>
<p>This is so basic as to be laughable, yet because we have become so buying focussed we zero in on cheap gross impressions, likes, retweets and so on at the expense of considering how and why things work, and then designing accordingly.</p>
<p>So – FB delivers cheap impressions. Yippee doo. It also allows unsavoury actors onto its platform. It misuses personal data. It abuses trust. It defies regulation. But heh – look over here because it is really cheap!</p>
<p>Would we, or did we apply the same cavalier lack of ethical standards to ‘The News of the World’?</p>
<p>Are we doing enough to make advertisers as aware of Facebook’s shortcomings as we do to sell them on cheap exposures?</p>
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		<title>On Empathy</title>
		<link>https://www.bjanda.com/blog/on-empathy/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 Jul 2019 07:35:15 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1201</guid>

					<description><![CDATA[Last year Reach (publishers of The Mirror and Express newspapers) produced a fascinating study into the differences between those in media agencies and the population as a whole. Reach (or rather Trinity Mirror as it was then) summarised their findings as follows: “We discovered that people in ad land unconsciously see, experience and interpret the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last year Reach (publishers of The Mirror and Express newspapers) produced a fascinating study into the differences between those in media agencies and the population as a whole. Reach (or rather Trinity Mirror as it was then) summarised their findings as follows: “We discovered that people in ad land unconsciously see, experience and interpret the world differently to large swathes of the UK population”.</p>
<p><a href="http://www.bjanda.com/blog/what-are-we-like/">Here’s</a> what the Cog Blog had to say about it at the time.</p>
<p><span id="more-1201"></span>This year Reach has extended the original idea to explore the issue of empathy – and whether or not those in adland have any with the people we’re trying to influence with our messaging.</p>
<p>Reach (and their research partners House51) conclude: “..we’ve identified the role that our moral intuitions play in driving a wedge between us and the mainstream audiences we seek to engage”.</p>
<p>The study is called The Empathy Delusion, it’s an interesting and revealing read, as you can see for yourself <a href="https://www.reachsolutions.co.uk/sites/default/files/2019-07/Reach%20Solutions%20The%20Empathy%20Delusion%20V2.pdf">here</a>, along with a <a href="https://mediatel.co.uk/newsline/2019/07/12/insulting-your-customers/">comment</a> from Dominic Mills.</p>
<p>Andrew Tenzer (Reach’s Director of Group Insight, and the report’s author) was kind enough to send me a pre-publication edition of the research, and to agree to respond to questions. I wondered whether this ‘empathy delusion’ exists amongst others who seek to communicate with the public – such as journalists.</p>
<p>I hope Andrew doesn’t mind me quoting his response as it relates to Mirror journalists (note that his answer refers to a different study, although his conclusion is clearly relevant to the empathy debate):</p>
<p>“Interestingly I measured .. Mirror journalists against the values framework from my gut instinct research last year. Although their values are slightly different to the mainstream, they (get) it spot on when estimating the values of (the) mainstream audience. On the whole, ‘The Mirror’ is very empathetic to working class issues (I think we represent them better than any other newsbrand) so I didn&#8217;t find this overly surprising.”</p>
<p>I’m sure Andrew is right – newsbrand journalists have no reason to reflect the values or issues of the entire population, or even a demographic subset of the population, but rather the views of their readers. And as readers most of us do of course choose those views that most closely reflect our own.</p>
<p>Which leads on to an interesting issue. Shouldn’t we do more to tailor-make creative to the vehicles in which the message appears?</p>
<p>Years (and years) ago I was tangentially involved in some research into the respective merits of ‘The Sun’ and ‘The Daily Mirror’, one element of which involved asking the readers of one for their opinions of the other.</p>
<p>‘Sun’ readers said they found ‘The Mirror’ too detailed, too wordy; ‘Mirror’ readers found ‘The Sun’ too pictorial, too shallow. So they largely agreed on the titles’ characteristics; what was a positive to one set was a negative to the other.</p>
<p>Setting aside whether these views are in any way valid today, shouldn’t we have been designing ads for ‘The Mirror’ differently from ads for ‘The Sun’?</p>
<p>Journalists are brilliant at doing this in their world. Julie Birchall, the columnist made her name at ‘The Guardian’ with a regular piece in the weekend magazine. When she shifted to ‘The Daily Mail’ there is no way she would have continued her ‘Guardian’ persona (note to overseas readers: ‘The Guardian’ and ‘The Mail’ are at opposite ends of almost every pole).</p>
<p>Julie wrote for her readership and did so extremely well.</p>
<p>Yes, there might be an element of ‘chicken and egg’ in this example, but the point still stands that if you want to communicate effectively with an audience you need to empathise with them.</p>
<p>The old argument for one-size-fits-all-within-a-broad-demographic ads was expense and production costs, but that is far less relevant today.</p>
<p>We are still largely bound by the old conventions of demography and location in targeting, which broadness in turns feeds through to the look and feel of the creative. It’s not all that surprising that much of it often seems irrelevant to those seeing it.</p>
<p>With values and issues being front and centre these days, and with the research around to allow creative messaging to reflect far better how the audience thinks and feels we can and should do better.</p>
<p>Good on Reach – let’s hope those responsible for currency measures take at least the principles of their findings on board.</p>
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		<title>Auditor Evolution Continued</title>
		<link>https://www.bjanda.com/blog/auditor-evolution-continued/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Jul 2019 09:07:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1197</guid>

					<description><![CDATA[Last week’s Cog Blog was all about how traditional media auditors need to evolve along with the rest of the media industry. Simplifying ridiculously, this involves a move from the focus being solely on the price paid for executional buys to a more balanced assessment of how best to use the many media options out [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s <a href="http://www.bjanda.com/blog/auditors-need-to-evolve/">Cog Blog</a> was all about how traditional media auditors need to evolve along with the rest of the media industry. Simplifying ridiculously, this involves a move from the focus being solely on the price paid for executional buys to a more balanced assessment of how best to use the many media options out there.</p>
<p><span id="more-1197"></span>I’m way past obsessing over the numbers reading this blog, but I do glance at the LinkedIn numbers, and of course I am always aware of responses.</p>
<p>This particular post seemed to hit a spot. All bar one of the response threads (and that one, not altogether surprisingly was from Ebiquity – whose staff were also the largest reader group) agreed with the basic narrative that the traditional auditors are perpetuating the price obsession that stops the industry moving forward.</p>
<p>So – back to the well.</p>
<p>Ebiquity (like the others) know that the future involves moving upstream, but they (like many of the agencies whose efforts they monitor) are caught in the trap of having a legacy business, staffed by those who are more qualified to perpetuate the legacy than they are to evolve the service.</p>
<p>The Ebiquity dilemma is well illustrated by the share price. When Jon Mandel made the speech that started the whole transparency ball rolling, in March 2015 Ebiquity shares were trading at around 127p. Today they’re at 55p.</p>
<p>One contributor to a discussion thread on Ebiquity shares commented ‘The CEO … has positioned the business as an auditor rather than a value creating process’ whilst another was harsher: ‘I have no confidence that the management knows what to do..’.</p>
<p>That seems unfair: more likely is that there’s a realisation of what the business needs to do, but the financial commitment to do it is lacking.</p>
<p>A couple of weeks ago, at Cannes Ebiquity launched their ‘Media Model’ via a viewpoint paper on ‘How CMOs can achieve better outcomes in a world of increasing media complexity.’</p>
<p>This paper included the famous waterfall chart, showing how an advertiser’s original $100 reduces to around $0.03 &#8211; $0.04 once off-target impressions (not defined by the way) and unsafe brand environments are taken into account.</p>
<p>Many (including me) have used this chart or one of its many variants. Ebiquity’s own 2017 analyst presentation ‘Structural or Cyclical’, went further by quoting sources.</p>
<p>Some of these date back to 2013 or 2014, others to 2016. Given all the change the industry continues to witness it’s odd that the latest 2019 version is still quoting the same numbers.</p>
<p>But never mind, the point still holds – many advertisers are wasting a shedload of money on online media forms, most specifically when resorting to programmatic techniques.</p>
<p>Ebiquity’s paper goes on to propose a holistic framework built on ‘established principles’ of ‘Define and Design’; ‘Implement’ and ‘Manage’.</p>
<p>Again – all good, if standard stuff (and Flock and ID Comms got there ages ago) but the issue is far less about defining what needs to be done, and far more about what practical steps can be taken to do it.</p>
<p>The issue I have always had with consultancy businesses like Ebiquity is that they’re very comfortable telling everyone else what to do, and rather less good at following their own advice.</p>
<p>A few years back everyone in publishing was quick to tell the music business how consumers were driving change, apparently un-noticed by what they (the publishers) saw as a backward-looking, complacent industry.</p>
<p>The publishers themselves were at the time seemingly unaware of the irony.</p>
<p>A 2013 Cog Blog post commented on the challenges faced by the <a href="http://www.bjanda.com/blog/market-research-whos-asking/">market research business</a>. Since then many from outside the industry have entered, and we now have the imminent sale of one of the largest of the traditional MR businesses, Kantar.</p>
<p>Closer to home, the network media agencies have recognised the need to change and are tackling their legacy buying-led problems with some vigour.</p>
<p>But &#8211; if widespread change is to be accelerated you need customers on board. And to do that those charged with reporting on what success looks like need to change the record.</p>
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		<title>Auditors Need to Evolve</title>
		<link>https://www.bjanda.com/blog/auditors-need-to-evolve/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 27 Jun 2019 07:27:58 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1194</guid>

					<description><![CDATA[Certain elements of the media business have been getting excited about the third anniversary of the ANA transparency report. Self-congratulatory pieces have appeared from Ebiquity, and their sibling Firm Decisions. Both have a point in that they (and in particular their ex-colleague Nick Manning) drove one key output from the ANA work. But it’s by [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Certain elements of the media business have been getting excited about the third anniversary of the ANA transparency report. <a href="https://www.campaignlive.co.uk/article/three-years-ana-report-plenty-done-plenty/1586810">Self-congratulatory pieces</a> have appeared from Ebiquity, and their sibling Firm Decisions. Both have a point in that they (and in particular their ex-colleague Nick Manning) drove one key output from the ANA work.</p>
<p><span id="more-1194"></span>But it’s by no means a matter of ‘job done’. In fact, auditors (like Ebiquity) are a part of the current problem as the media agency business struggles to transition from a buying led culture to one more focussed on planning and consultancy.</p>
<p>The catalyst for the ANA enquiry was a speech made by Jon Mandel (ex-MediaCom) to the ANA Media Leadership Conference on March 5<sup>th</sup> 2015. Mandel had surveyed agency planners to inform his presentation.</p>
<p>Here’s part of what Mandel said:</p>
<p><strong>“Media agencies aren’t living up to their fiduciary duties to their clients…They are not transparent about their actions. They recommend or implement media that is off strategy or off target if it works for their financial gain.”</strong></p>
<p>Note: ‘Recommend or implement’.</p>
<p>In other words, agencies are not always transparent about their planning, they recommend media forms, or individual vehicles that may not necessarily be the most appropriate for the job in hand on the basis that they gain financially from such a recommendation.</p>
<p>One part of these ‘fiduciary duties’ is indeed ensuring that rebates due go back to the client. The ‘implementation’ bit.</p>
<p>That’s the ‘easy’ bit to monitor (easy being a comparative term).</p>
<p>Where rebates go can be covered in a contract, tracked by specialists like Firm Decisions and the end result (the price paid for a particular buy) monitored by the auditor.</p>
<p>It’s also the ‘easy’ bit to get aerated over. Anyone can grasp the concept that if an advertiser’s budget generates a discount then the advertiser should get that discount back.</p>
<p>Much, much harder to get to grips with is the major issue Jon Mandel was highlighting: the appropriation of the plan by the buyer for the agency’s own ends. The ‘recommend’ bit.</p>
<p>This happens a lot (and anyone who’s ever worked in a media agency knows it), is very hard to spot or prove and leads directly to the current mess where planning is mis-understood, under-valued, and often not paid for.</p>
<p>Media auditors like to see themselves less as monitors of media prices and more as well-informed trusted advisors steering their clients through all the complexities of the media world of today.</p>
<p>Some do indeed do this and do it well (ID Comms is a good example).</p>
<p>But with others this is really window dressing (we’ll save specifics for another day).</p>
<p>Underneath it all the long-established media auditors are auditors of price. Most of the individuals involved in reporting back to their clients aren’t from a planning background. Most wouldn’t know the questions to ask to unearth any undue influence played by agency deals (despite having the data to allow them to at least question anything that would look odd to a planner).</p>
<p>Plus, planning questions are easy for an agency to bat away. How could the auditor possibly know what the client’s needs are? Or how ads in particular vehicles have performed in-market?</p>
<p>Getting answers is hard, spotting deal-driven (as opposed to plan-driven) buys isn’t easy, but it is possible and it is essential.</p>
<p>We need to be less obsessed with buys and prices.</p>
<p>Pretending that ‘good buying’ equals ‘good media’, by spending hours on something that isn’t the wrong thing, but is by no means the whole thing, demeans and under-values planning.</p>
<p>If the future of media agencies lies in comms planning and consultancy, we had better get a whole lot better at promoting the benefits these disciplines can bring.</p>
<p>Planning awards certainly help by promoting the good, but auditors happy to monitor prices versus a pool need to evolve their approach, fast.</p>
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		<title>Meeker, Social Media and Health</title>
		<link>https://www.bjanda.com/blog/meeker-social-media-and-health/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Jun 2019 08:01:11 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1186</guid>

					<description><![CDATA[Last week’s Cog Blog made the point that a significant number of people worry about expressing their point of view on platforms like Twitter. One concern is that such open-ness might negatively impact their job prospects; another is the fear of online attack from those holding a contrary opinion. One Cog Blog follower, Sarah Ivey [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s <a href="http://www.bjanda.com/blog/a-big-hello-to-my-detractors/">Cog Blog</a> made the point that a significant number of people worry about expressing their point of view on platforms like Twitter. One concern is that such open-ness might negatively impact their job prospects; another is the fear of online attack from those holding a contrary opinion.</p>
<p><span id="more-1186"></span>One Cog Blog follower, Sarah Ivey from the Toronto-based strategic consultancy Agents of Necessity was good enough to point out that the 2019 version of Mary Meeker’s magnum opus ‘Internet Trends’ supports my thesis.</p>
<p>I have to admit I’ve never got the whole way through a Mary Meeker deck. I tend to get stuck on that ridiculous chart that compares time spent with a medium with ad spend. Her point being that the more time you spend with the medium (not, please note with ads on the medium), the more valuable that medium is to advertisers.</p>
<p>Mary’s latest deck runs to a modest 334 pages. My bugbear chart on time spent is on page 22. I’m very grateful to Sarah for risking her sanity getting through to pages 161 and on from there.</p>
<p>According to Pew Research, quoted by Meeker the proportion of US adults saying they are ‘almost constantly’ online has risen from 21% 3 years ago to 26% today.</p>
<p>Amongst 18 – 29 year-olds that figure rises to 39%, up from 36% 3 years ago.</p>
<p>So far, so fairly standard, if worrying. But then Meeker’s deck gets interesting.</p>
<p>When British teenagers were asked, in an early 2017 study by The Royal Society for Public Health to rate the five most popular social media platforms against a number of positive and negative criteria the results were as follows.</p>
<p>Meeker doesn’t quote the numbers to go with this chart but even at a topline level the impact of social media is clearly balanced between the positive and the negative.</p>
<p><img loading="lazy" class="alignnone  wp-image-1187" src="http://www.bjanda.com/blog/wp-content/uploads/2019/06/Meeker-300x225.png" alt="" width="450" height="338" srcset="https://www.bjanda.com/blog/wp-content/uploads/2019/06/Meeker-300x225.png 300w, https://www.bjanda.com/blog/wp-content/uploads/2019/06/Meeker-768x575.png 768w, https://www.bjanda.com/blog/wp-content/uploads/2019/06/Meeker-1024x766.png 1024w, https://www.bjanda.com/blog/wp-content/uploads/2019/06/Meeker.png 1996w" sizes="(max-width: 450px) 100vw, 450px" /></p>
<p>Meeker goes on to quote from a 2014 study by Marc Trussler and Stuart Soroka who found that ‘regardless of what participants say, they exhibit a preference for negative news content.’</p>
<p>And a Pew Research 2018 study amongst US teens that found these percentages claiming to have experienced the following online:</p>
<p><strong>42% </strong>= Offensive Name-Calling</p>
<p><strong>32% </strong>= Spreading of False Rumours</p>
<p><strong>16% </strong>= Physical Threats</p>
<p>To recap, social media as a whole reaches an awful lot of people, who increasingly find ways to spend more and more time on the platforms.</p>
<p>Yet the platforms create negative as well as positive feelings, no doubt helped along by what appears to be a greater than natural interest in negative stories.</p>
<p>Finally amongst those using the social platforms the most (represented here by US teenagers), two-fifths have experienced offensive name-calling and one-third have noted the spreading of false rumours.</p>
<p>To make the same point <a href="http://www.bjanda.com/blog/a-big-hello-to-my-detractors/">made here last week</a> it is absurd that the platforms are not regulated to drive the most obvious excesses out of the system.</p>
<p>It is equally absurd that an industry that ties itself in knots considering all aspects of a media form, going way beyond the basic gross audience size to ensure clients get the best advice on the most appropriate media form for their messages, seems to forget to look beyond the headline numbers to consider the nuances involved in social media.</p>
<p>Advertisers might want to think carefully about associations with negativity, rather than obsessing about gross numbers of users.</p>
<p>Planning as well as buying, in other words.</p>
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		<title>A Big Hello To My Detractors</title>
		<link>https://www.bjanda.com/blog/a-big-hello-to-my-detractors/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 13 Jun 2019 07:56:58 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1182</guid>

					<description><![CDATA[This is not a political blog. It may be irritatingly opinionated, annoyingly smug, depressingly backward-looking and insufferably pompous but it isn’t political. So, apologies for using a political issue as the framework for what follows. In the great ‘What did you do in the Brexit war, Daddy?’ discussion I will be able to say I [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This is not a political blog. It may be irritatingly opinionated, annoyingly smug, depressingly backward-looking and insufferably pompous but it isn’t political. So, apologies for using a political issue as the framework for what follows.</p>
<p><span id="more-1182"></span>In the great ‘What did you do in the Brexit war, Daddy?’ discussion I will be able to say I was a proud remainer. It doesn’t really matter why – or rather it does but this isn’t the time or the place for that.</p>
<p>I suspect by far the majority of adland is in the same camp. I once saw a piece suggesting that over 90% of us metropolitan, elitist, workshy, black T-shirt wearing, shallow snowflakes favoured remaining in the EU.</p>
<p>One who is definitely not in this majority is the futurologist Tracey Follows. I have met Tracey, and on the basis of a couple of short conversations I thought she was great. Tracey is a committed and articulate leaver.</p>
<p>Last week on Twitter we had an interesting exchange.</p>
<p>The nub of it was that Tracey says she gets mails from leavers in adland thanking her for standing up for what they believe in and making their case so well.</p>
<p>This got me wondering why these people don’t feel able to make their own case. Tracey maintains that they’re worried about losing out on promotion or jobs as a result of their opinions. They’re more comfortable keeping their views to themselves.</p>
<p>If that’s the case (and I have no reason to think it isn’t) then it’s disgraceful, even discriminatory. Why should anyone’s private views on what is a divisive issue make any difference to his or her suitability for a job?</p>
<p>But there’s an unpleasant parallel issue stopping debate in social media (and I’m not now talking specifically about Brexit): fear of being attacked in public.</p>
<p>Engaging on Twitter feels a bit like going to a Gary Vaynerchuck event, knowing that you think he’s talking rubbish on something you happen to know about, but not being prepared to grab the microphone and take him on in public whilst surrounded by his adoring admirers.</p>
<p>The great theory behind social media platforms is that they provide an opportunity for debate and discussion. But somewhere along the way they’ve become toxic – a place where far too often if you don’t agree with a particular opinion you’re opening yourself to abuse, threats and worse from those on the other side of any debate. Like I imagine many others I’ve personally experienced this myself and it’s not much fun.</p>
<p>Mass media forms have always contained some limited debate and discussion. Newspapers have letters pages; TV and radio have feedback shows; but of course these are as nothing compared with the scale and ferocity of SM.</p>
<p>It’s not just scale. To write a letter takes time and some trouble. You get the chance to think about why you disagree with the other party. And letters are edited.</p>
<p>SM is a knee-jerk medium; I read something; I disagree; I hate; I threaten; I move on. All in a matter of seconds.</p>
<p>It’s ludicrous that the SM platforms are not subject to regulation and thus feel no urgent need to do anything beyond the basic.</p>
<p>Google’s CEO, <a href="https://www.campaignlive.co.uk/article/google-ceo-youtube-we-arent-quite-want-be/1587114?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20190611&amp;utm_content=Campaign%20Media%20(83)::www_campaignlive_co_uk_ar_3&amp;email_hash=">Sundar Pichai</a> admitted this week that his company knows they have much work to do with YouTube ‘to establish &#8220;better frameworks&#8221; around what it considers hate speech’.</p>
<p>Advertisers have in the past praised Google for its reaction to sorting out issues around inappropriate YouTube sites; it would be good if Twitter and Facebook followed suit and treated the issue with more urgency.</p>
<p>Yes there are AI solutions, but maybe they should consider encouraging some degree of self-reflection either via a form of paid-for subscription or introducing a system whereby certain triggers prompt a message to think before you post.</p>
<p>Some will still spread their venom, but some might pause.</p>
<p>If what is now a localised infection turns into something altogether more widespread (as seems to be happening) these platforms will be abandoned by both users and eventually advertisers.</p>
<p>I don’t always agree with Tracey – but we should both feel able to express our views and opinions without obscene attacks and insults. Those who feel anxious about expressing their view should not feel like that. Listen and learn.</p>
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		<title>Room For All</title>
		<link>https://www.bjanda.com/blog/room-for-all/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 06 Jun 2019 09:04:10 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1180</guid>

					<description><![CDATA[Who would have thought it? Imagine yourself back in the early days of media agencies. Buying shops, one and all. The biggest got the best deals, because…well because the biggest always got the best deals regardless of the industry. Planning was front-of-house window dressing. Research was for geeks. Just walk around swinging your wedge and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Who would have thought it? Imagine yourself back in the early days of media agencies. Buying shops, one and all. The biggest got the best deals, because…well because the biggest always got the best deals regardless of the industry. Planning was front-of-house window dressing. Research was for geeks. Just walk around swinging your wedge and you’ll be OK.</p>
<p><span id="more-1180"></span>Look at us now. Using the patented Cog-Blog-o-Meter of ‘Campaign’ news headlines I can tell you it’s been quite <a href="https://www.campaignlive.co.uk/article/publicis-channel-4-end-trading-dispute/1523706">133 days and counting</a> since the last ‘Media agency X (OK, Publicis Media) in trading dispute with media vendor Y (Channel4, since you ask)’ story. And that was about the end of the dispute.</p>
<p>Meanwhile, as The Cog Blog commented the other week, Goodstuff (not the biggest) have had their <a href="https://goodstuff.co.uk/media-showcase-is-back-again/">media showcase</a> creative extravaganza; <a href="https://www.campaignlive.co.uk/article/media-agencies-collaborate-creative-shops/1583667">Iris has realised</a> that it makes a load of sense for creative agencies and media agencies to work together; the <a href="https://www.campaignlive.co.uk/article/thinkbox-tv-planning-awards-ten-years-tv-brilliance/1453686">Thinkbox planning awards</a> continue to reward excellence in thinking (as opposed to wedge swinging) and ‘Campaign’s’ venerable Editor in Chief has written of the importance of partnerships.</p>
<p>Clever research into the power of context is everywhere. Media trade bodies have become the industry’s thought leaders cleaning up awards and generally breaking new ground as cheerleaders for the ad business.</p>
<p>And what of the networks? The giant wedge wavers whose sheer size and scale was going to mop up these pesky independent challengers?</p>
<p>Well, the <a href="https://www.dmnews.com/agencies/advertising/article/21027495/fbi-investigating-media-buying-practices-what-it-means-for-marketers">FBI is pushing ahead</a> with its investigation into media buying practices. It seems like only yesterday that the ANA investigation into alleged malpractices was in train, a process, don’t let’s forget that was set in motion by one ex-agency CEO making a speech on March 5<sup>th</sup> 2015 – only 4 years ago.</p>
<p>Jon Mandel said: “Media agencies aren’t living up to their fiduciary duties to their clients…They are not transparent about their actions. They recommend or implement media that is off strategy or off target if it works for their financial gain.”</p>
<p>The ANA enquiry made headlines because the trades jumped on the matter of how agencies seemed to be pocketing rebates due their clients.</p>
<p>We shouldn’t forget the howls of the networks, the cries of unfair and unjust accusations. The attempts to hide behind contractual terms.</p>
<p>Yet the major story was less about rebates and more about buys influencing plans, an altogether harder thing to spot and something that is much less black and white within agency client contracts.</p>
<p>Four years on from Mandel; and thank goodness we’re focussed more on brains over brawn.</p>
<p>The networks still have their place, of course. Global best practice, learning and applying lessons, consistency of operating principles, all are attractive to certain advertisers.</p>
<p>But whereas it was all looking like a one-size-fits-all future, with size of gross billings being the only criterion that mattered, the media agency world post Mandel is more nuanced, more interesting, more creative, more collaborative.</p>
<p>A world where there’s room for all – except that is for those who eventually get fingered by the FBI.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>A Sense of Perspective</title>
		<link>https://www.bjanda.com/blog/a-sense-of-perspective/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 22 May 2019 11:26:54 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1177</guid>

					<description><![CDATA[There’s nothing like a break (this is the first Cog Blog for about 4 weeks) to give one a sense of perspective. Stumbling around Mexican archaeological sites wondering how the Mayans managed to track astrological movements so incredibly accurately 1,000 or so years ago creates an even greater sense of wonder than the average programmatic [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There’s nothing like a break (this is the first Cog Blog for about 4 weeks) to give one a sense of perspective. Stumbling around Mexican archaeological sites wondering how the Mayans managed to track astrological movements so incredibly accurately 1,000 or so years ago creates an even greater sense of wonder than the average programmatic conference (most of which only feel like they’ve lasted that long).</p>
<p><span id="more-1177"></span>Then you come back and guess what? All the issues left behind are still here. No-one’s fixed Brexit, no-one’s managed to talk sense into the Audi procurement team, and no-one is any the wiser as to what on earth media agency futurologists actually do all day.</p>
<p>I remember when I was applying for my first job, just after I had decided that ad agencies were crying out for my particular talents. I managed to blag my way in to see a leading ad guru of the day to ask his advice on how best to get started.</p>
<p>He couldn’t have been clearer: agencies had no future, they were finished, their glory days were behind them, it was no fun anymore. Do something else, was the basic message.</p>
<p>Luckily (for me, I mean) I ignored him and was soon gainfully employed living the dream in an agency post-room. It was what you did, back then.</p>
<p>The point is that discussions around the future of agencies and their operating model have been around for yonks, certainly way before most people’s memories. Probably just as well for conference organisers, social media obsessives, and yes, even bloggers who can keep repeating the same theories with the certainty that their well-tested views will be seen as fresh rather than rehashed.</p>
<p>Despite the gloom-monger of all those years ago, here we are, in a vibrant industry within which some of the smartest still think it’s worth breaking away from the safety of the conglomerates in order to start ‘a new kind of agency’, and which seems able to attract both management consultancies and private equity money.</p>
<p>It may seem the most obvious thing in the world to say but what drives the ad business is what’s always driven it – great ideas. Doing things differently. Seeing the world sufficiently weirdly to come up with ideas that break through the dross that has always been there.</p>
<p>As Burger King CMO <a href="https://www.adweek.com/brand-marketing/the-inside-story-of-the-burger-king-campaign-that-changed-the-brands-entire-outlook-on-marketing/">Fernando Machado</a> put it: “This case … shows … why our creative partners (aka advertising agencies) are so relevant. Big creative ideas eat programmatic, AI, trends and even a beautifully put together McKinsey presentation for lunch. And these days, people seem to forget that. The big idea is where our industry should focus.”</p>
<p>So multiple cheers to <a href="https://www.msn.com/en-us/movies/news/the-new-warburtons-ad-goodbagels-starring-robert-de-niro/vi-AABpBkF">Warburton’s</a> for having the balls (let alone the cash) to execute on the idea of hiring Robert de Niro to sell bagels; to <a href="https://goodstuff.co.uk/media-showcase-is-back-again/">Goodstuff</a> (spot the link) for demonstrating yet again via their media showcase challenge that media agencies are truly a part of the creative process; and to the anonymous lads behind the pressure group <a href="https://www.facebook.com/ledbydonkeys/">Led By Donkeys</a> who have demonstrated to us all (whatever our politics) how to use social media to amplify an OOH campaign.</p>
<p>And boo to the <a href="https://www.adweek.com/agencies/ad-industry-critiques-cannes-lions-choice-of-cambridge-analytica-ceo-as-featured-speaker/">Cannes Lions</a> for showcasing the successors of Cambridge Analytica; to <a href="https://www.campaignlive.co.uk/article/audi-ad-pitch-cheating-vw-group-learned-nothing/1581913">Audi procurement</a> for seemingly not valuing the role that BBH has played in building their brand and their sales; and to <a href="https://www.campaignlive.co.uk/article/wpp-dentsu-face-off-loreals-106m-uk-media-contest/1581377">L’Oreal</a> who only a few short years after popping up on platforms with (if memory serves) ID Comms boasting about how they had run the perfect pitch to find their long-term media agency partner are back this time with Aperto One for an unfortunate encore.</p>
<p>Ideas, not gross impressions, not clicks, not likes, not CPMs. One follows the other, night follows day. Dream on.</p>
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		<title>Clients, Clients</title>
		<link>https://www.bjanda.com/blog/clients-clients/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 17 Apr 2019 11:25:02 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1174</guid>

					<description><![CDATA[When I was a mere Coglet, two of my formative clients were Kellogg’s and VW. It would be hard to pick two better clients to grow up with. Kellogg brand managers back then were given a book on working with their advertising agencies, what was expected of them, their areas of responsibility and so on. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>When I was a mere Coglet, two of my formative clients were Kellogg’s and VW. It would be hard to pick two better clients to grow up with.</p>
<p><span id="more-1174"></span>Kellogg brand managers back then were given a book on working with their advertising agencies, what was expected of them, their areas of responsibility and so on. The first sentence on the first page read something like this:</p>
<p>‘It is not your job to change the advertising agency. It is your job to work with the agency, to get the most from the agency.’ It went on to say that of course if it really came to it then it might be necessary to change the agency team, or elements of the team. But not the agency.</p>
<p>Over time the agency grew to know more about its major clients’ businesses than the average client. Within the agency sat a history that given the fact that even then the average tenure of a brand manager was around 2 years was valuable to the business.</p>
<p>These thoughts have been prompted by the news last week that Audi is reviewing its creative agency, BBH for the first time in 37 years. That in itself is extraordinary for a number of reasons beautifully summarised by Dominic Mills <a href="https://mediatel.co.uk/newsline/2019/04/15/audi-bbh-limbo-pg-puts-down-another-marker/">here</a>.</p>
<p>Of course Audi and its parent VW Group is quite entitled to do whatever it thinks best for the business, but the Twitter howls from the ad community, including a call for all other agencies to refuse to pitch the business (yeah, that’s going to happen…), make the point that this is an example of a client simply not appreciating what great creative work can do over time.</p>
<p>Here’s a client (it seems) being prepared to sacrifice such work on the altar of procurement.</p>
<p>Also, rather quietly last week came the news that Fosters has <a href="https://www.campaignlive.co.uk/article/pick-week-fosters-resurrection-brad-dan-surprising-success/1581504">brought back</a> its campaign featuring the two Aussies Brad and Dan in their beach-hut.</p>
<p>A few years back I helped judge the IPA Ad Effectiveness Awards, won that year by Fosters, Brad and Dan. The IPA naturally made a great fuss of the campaign, films were made demonstrating its success, the brand team were featured in the film talking up their outstanding market-place performance, and the campaign’s creativity was widely praised.</p>
<p>Within a few months Fosters had dropped the campaign replacing it with something less memorable (I’m not being rude I genuinely can’t remember what with).</p>
<p>I strongly suspect that the brand has suffered since that 2015 decision. Now the boys are back. How much money was lost by Fosters as a result of that call? Will anyone take responsibility? No, of course not, the world’s moved on, campaigns come and go.</p>
<p>Well, up to a point, Lord Copper. Ads come and go. Campaigns live on.</p>
<p>Audi’s campaigns over the years have built the brand, have made it stylish. Of course, the advertising has evolved, but the underpinning of Vorsprung durch Technik, that line written by John Hegarty back in the 1980’s after visiting the Audi factory has been ever-present.</p>
<p>Let’s hope that if Audi procurement decide to fire BBH and if things do go wrong then the people responsible take responsibility. Because let’s not pretend otherwise, if Audi’s share declines and money is lost the reasons will be pretty clear.</p>
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		<title>In or Out Housing</title>
		<link>https://www.bjanda.com/blog/in-or-out-housing/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 05 Apr 2019 12:44:17 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1171</guid>

					<description><![CDATA[In-housing, whereby the advertiser takes over certain functions traditionally handled by their media agency is in vogue. The key drivers are the recognition that data is a valuable asset best developed internally, the growth of direct selling by the major media vendors and platforms, the availability of talent, and a lack of trust in certain [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In-housing, whereby the advertiser takes over certain functions traditionally handled by their media agency is in vogue. The key drivers are the recognition that data is a valuable asset best developed internally, the growth of direct selling by the major media vendors and platforms, the availability of talent, and a lack of trust in certain agency behaviours.</p>
<p><span id="more-1171"></span>‘Data’ has of course been around for years – but what we have now is of a different scale, as well as being far richer, and far more accessible than ever before.</p>
<p>The challenge lies in finding a way to harness proprietary data, to link it to external sources, to unlock the insights within it, and to turn it from a static inflexible beast into a dynamic, actionable asset.</p>
<p>Media agencies have long boasted of their analytic capabilities – in some (but not all) cases with no little justification. Many of the large groups have invested in software and people for years. Media people tend to be numerate and they understand one of the key uses of marketing data, the planning and evaluation of campaigns.</p>
<p>But there are issues. First the data world spins at a frightening speed – new approaches, new technologies, new entrants. It’s difficult to keep up, especially for businesses whose core competencies lie elsewhere.</p>
<p>Then there’s the giant platforms. Back in the day when the biggest vendors were people like News UK, or ITV there was an argument that could be made for having an agency with scale to match the scale of those doing the selling.</p>
<p>But Facebook, Google, Amazon are in a different league. The biggest agency or group is simply not all that significant in terms of the percentage of the platform’s business that they control.</p>
<p>There’s scale, then there’s scale.</p>
<p>And if the agency’s scale counts for little you might as well use the platforms’ phenomenal data capabilities to create, cut and evaluate your own deals. Furthermore, you can be more agile without a middle-man involved.</p>
<p>Certain advertisers have in-housed elements of the media function for years. Many have tried variations around the theme and failed, in large part because talented people preferred the variety of working on different accounts, surrounded by like-minded professionals.</p>
<p>But as agency fees have fallen (as a result of the media owner revenue stream slowing) so more and more talented individuals have fallen out of agencies. A fair number didn’t like the lack of transparency and the influence of agency deals over their plans.</p>
<p>Whatever the reasons, media talent is no longer only to be found in the agencies.</p>
<p>And where do these people go? Advertisers offer an attractive alternative. We’ve come some way from only a few years’ ago when one agency digital boss (now at a platform) told me sneeringly that advertisers would soon return to the ‘experts’, as it’s ‘all more complicated than they think’.</p>
<p>Finally, there’s the ‘T’ word. Trust. Can you trust an external agency with such a key business asset? What if they start to build multi-client aggregators that risk the integrity of your proprietary data?</p>
<p>What if you decide at some future point to look at other agencies?</p>
<p>It’s much more complicated to change agencies when to do so involves unpicking a multi-layered relationship one layer of which is responsible for managing your data assets and building systems involving other elements of the business.</p>
<p>In-housing allows you to build your own systems in-house. To use the asset to create partnerships with key vendors. To become more agile, to react faster, to build internal expertise. And to save on agency fees.</p>
<p>The smarter agencies are realising there really is no point in fighting in-housing. They&#8217;re far better off working collaboratively with the in-house team, adding value through rigorous and creative planning.</p>
<p>Which is what they should have done years ago.</p>
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		<title>Context and Platforms</title>
		<link>https://www.bjanda.com/blog/context-and-platforms/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 22 Mar 2019 08:52:02 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1168</guid>

					<description><![CDATA[Everybody seems agreed that the context within which ads appear is an important factor in determining performance. This was not always accepted as being the case. At least it’s progress from the blind following of ever-larger, and ever-more-meaningless numbers. But – how to define ‘context’? And what are the implications given the influence of the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Everybody seems agreed that the context within which ads appear is an important factor in determining performance. This was not always accepted as being the case. At least it’s progress from the blind following of ever-larger, and ever-more-meaningless numbers.</p>
<p><span id="more-1168"></span>But – how to define ‘context’? And what are the implications given the influence of the major platforms?</p>
<p>The positive is easier than the negative, or rather the positive attracts less attention.</p>
<p>The old newspaper habit of win-or-omit, when an ad for a Formula 1 related product only appeared if the team with which the ad was associated won was one pragmatic example. Benefiting from positive associations – be that through the placement of ads or the winning of general elections is a well-known phenomenon.</p>
<p>Nerds like me sometimes see an ad and think – that’s cleverly placed. Positive context works.</p>
<p>The hard bit is handling the negative. To take a very extreme and recent case, when film of the massacre in Christchurch, NZ was uploaded onto social media platforms, and then, shamefully on to mainstream media websites like ‘The Mail Online’ ads were visible next to the footage.</p>
<p>How come the footage was there on the platforms at all; let alone what were the MSM doing promoting it?</p>
<p>There’s the YouTube controversy of ads appearing on terrorist sites. Or the deeply inappropriate placing of ads for a product or service alongside negative stories (ads for an airline or a holiday company alongside news of a plane crash).</p>
<p>These were easy to spot back in the pre-internet era, but the sheer volume of opportunities online that has made programmatic placements necessary means that these mishaps happen often enough for ‘Private Eye’ to run a regular feature on them: Malgorithms.</p>
<p>The fundamental question is whether or not advertisers should have any say over editorial content. I’ve always felt very uncomfortable with this. As earlier <a href="http://www.bjanda.com/blog/mail-and-farewell/#more-184">Cog Blog</a> posts have argued, <a href="http://www.bjanda.com/blog/stopping-hate-versus-editorial-freedom/">I may loathe</a> ‘The Daily Mail’ but they should be free to publish whatever they want (within the law) without any direct pressure from any advertiser.</p>
<p>Advertisers can of course select whatever audience is right for them – and if choosing to advertise to those holding (or not holding) certain political or world views is relevant to selling more stuff then fine.</p>
<p>Which brings us to the thorny issue of the giant platforms. There are many things I dislike about Facebook – their (mis)use of research, their arrogance towards lawmakers, their failure to see themselves as being one part of the industry whole, and so on. But many people like FB, rely on it, and get a great deal of pleasure from it.</p>
<p>Is it reasonable to paint FB as entirely evil on the basis of a small proportion of their total output? Clearly not.</p>
<p>At the heart of this is Facebook’s (and the others’) insistence that they are aggregators of content, not publishers.</p>
<p>They must be forced, legally if necessary, to accept the obvious fact that they are publishers – and as such responsible for what appears on their sites. They should be subject to regulation, like any other publisher.</p>
<p>This is an argument that FB has so far managed to dodge, in the same way that they’ve managed to dodge any effective forensic examination of their role in such as the Cambridge Analytica saga.</p>
<p>They’ve managed to do this because of the coming together of two facts. First the sheer volume of material makes it complicated (although they seem to manage to use algorithms to predict behaviours when there is money to be made), and second most lawmakers really haven’t a clue how FB and the rest do what they do.</p>
<p>They’ve also managed to side-line the major agency groups most of whom (GroupM is something of an honourable exception) have proved themselves to be about as much use as a chocolate teapot in holding the giants to account.</p>
<p>Our trade bodies – both agencies and advertisers – should lobby for effective regulation. This is counter-intuitive to many given that advertising has grown up as a self-regulating industry but we’re in a different world today.</p>
<p>Facebook et al might ignore the politicians (and certainly the bloggers and journalists) but to them above all things, money talks loudest.</p>
<p>If enough major advertisers were to stop spending (as opposed to threatening that they might perhaps consider ‘pausing’ their spending at some point in the distant future) until the platforms agreed to regulation we might get somewhere.</p>
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		<title>What Are Agencies For?</title>
		<link>https://www.bjanda.com/blog/what-are-agencies-for/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Mar 2019 08:47:13 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1163</guid>

					<description><![CDATA[Media agencies are facing a major challenge – from media vendors going direct, and from their clients setting up in-house operations. And that’s to name but two. It’s a good time to ask what exactly are agencies for? ‘Media independents’ (as they were known) came into existence in the first place because the full-service agencies [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Media agencies are facing a major challenge – from media vendors going direct, and from their clients setting up in-house operations. And that’s to name but two. It’s a good time to ask what exactly are agencies for?</p>
<p><span id="more-1163"></span>‘Media independents’ (as they were known) came into existence in the first place because the full-service agencies didn’t pay enough attention to the media function.</p>
<p>To begin with the debate was all about saving money – lower overheads combined with a reduction in creative agency commission greater than the amount paid to the media agency meant lower fees.</p>
<p>A focus on doing one thing well led to lower media costs.</p>
<p>Lower media costs plus lower service fees equals a good deal for advertisers.</p>
<p>At the time there was a discussion around whether media planning should stay with the creative agency; leaving the new media independents to focus on buying. The question was whether splitting planning from creative was worse than splitting planning from buying?</p>
<p>Most clients went for the pragmatic over the conceptual. Most full-service agencies got rid of their media people. And so the prehistoric version of the modern media agency was born.</p>
<p>The buying benefit was easy to explain. We save you money was the gist of it. Quantifying the planning benefit was harder, so for years agencies charged on the basis of their buys, and in effect delivered planning for free.</p>
<p>Have we moved on?</p>
<p>When the Cog Blog started in 2013 one of the first comments was from an agency CEO saying that clients wouldn’t pay for planning. After nearly 40 years agencies still hadn’t managed to find a way to charge for planning.</p>
<p>It’s a little like the market research agencies making their money on doing fieldwork, not on interpreting the results. It was easier to sell on the basis of so-much per interview than to charge for thinking. Once fieldwork costs fell as online came along that model made no sense at all.</p>
<p>Media agencies are full of smart planners, smart researchers, and smart strategists. These guys haven’t just arrived, and yet historically the business model was not based on their skills but on buying.</p>
<p>But buying is no longer the key pillar in the model. FB et al deal direct with clients. Clients are setting up in-house units. And last week <a href="https://mediatel.co.uk/newsline/2019/03/09/broadcasters-outline-client-direct-plans-to-tv-sales/">UK broadcasters</a> said that they were collaborating in selling their medium to advertisers direct.</p>
<p>Agencies’ buying clout, and their old-fashioned threats of withholding favours from those daring to go direct doesn’t work with the likes of Facebook, and it’s hard to talk of clout given the transparency debate.</p>
<p>The best agencies contain curious, creative, restless people. People who can find left-field, original solutions to problems, whether those solutions exist within a media or a creative (or indeed a PR, experiential or sponsorship) context.</p>
<p>The best are great (as they’ve always been) at collaborating with all kinds of experts, from data scientists to researchers, from media vendors to production companies to find and then execute brilliant ideas.</p>
<p>They can weigh up any number of options and choose combinations of tactics to meet a strategic need.</p>
<p>Clients need these skills more than ever. Agencies can convince them, right?</p>
<p>There’s a Twitter account, My Idiot Client where frustrated agencies can share what they consider to be idiotic remarks made by their clients.</p>
<p><img loading="lazy" class="alignnone size-medium wp-image-1164" src="http://www.bjanda.com/blog/wp-content/uploads/2019/03/Screenshot-2019-03-11_15.42.41-2-300x234.png" alt="" width="300" height="234" srcset="https://www.bjanda.com/blog/wp-content/uploads/2019/03/Screenshot-2019-03-11_15.42.41-2-300x234.png 300w, https://www.bjanda.com/blog/wp-content/uploads/2019/03/Screenshot-2019-03-11_15.42.41-2-768x600.png 768w, https://www.bjanda.com/blog/wp-content/uploads/2019/03/Screenshot-2019-03-11_15.42.41-2-1024x800.png 1024w, https://www.bjanda.com/blog/wp-content/uploads/2019/03/Screenshot-2019-03-11_15.42.41-2.png 1155w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>This much commented-upon lack of trust is in large part a problem of the agencies’ own making, caused by a mistaken (and lazy) belief that clients only want cheap rubbish, a lack of interest (outside of conference speeches) in spending behind what works, and a focus on deals.</p>
<p>Yes, they’ve been helped by many bad players, and yes clients haven’t historically got as close to these issues as they are now, but agencies have always existed to lead client thinking, to advise, to guide.</p>
<p>If agencies don’t start selling their expertise as business problem solvers and get their buyers to buy what’s planned they won’t have a future. Agencies have to be an upstream partner, not a down-stream supplier.</p>
<p>The good news is that the <a href="https://mediatel.co.uk/newsline/2019/02/13/why-in-housing-is-good-for-agencies/">penny is dropping</a>. But if it doesn’t drop fast enough, and agencies are by-passed by others (<a href="https://www.campaignlive.co.uk/article/unilever-saves-%E2%82%AC500m-in-housing-more-efficient-agencies/1578798?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20190313&amp;utm_content=Campaign%20Media%20(261)::www_campaignlive_co_uk_ar_5&amp;email_hash=">including their clients</a>) one might reasonably ask: who’s the idiot?</p>
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		<title>This Much I&#8217;ve Learned &#8211; Part Two: People</title>
		<link>https://www.bjanda.com/blog/this-much-ive-learned-part-two-people/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 08 Mar 2019 08:48:10 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1159</guid>

					<description><![CDATA[I’ve been in the ad business almost 50 years, starting as a messenger in an ad agency in the days when the UK had one commercial TV channel, no commercial radio stations and precious little in the way of formal training for budding agency staff. Despite myself I’ve absorbed lessons, and so from time to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’ve been in the ad business almost 50 years, starting as a messenger in an ad agency in the days when the UK had one commercial TV channel, no commercial radio stations and precious little in the way of formal training for budding agency staff. Despite myself I’ve absorbed lessons, and so from time to time I’m going to devote the Cog Blog to attempting to summarise a few things I’ve learned.</p>
<p>This one focuses on people. What follows could have been much longer and included real-life examples (and will be if I ever bother to work this up into a speech!). The first post, on what I&#8217;ve learned about agencies is <a href="http://www.bjanda.com/blog/this-much-ive-learned-part-one-agencies/">here</a>.<span id="more-1159"></span></p>
<p><strong><u>Interviewing</u></strong></p>
<ol>
<li>I’ve never been over-impressed by academic qualifications when hiring, probably because I never went to university. A candidate’s holiday work, part-time jobs, and work experience and how he or she had prepared for the interview always impressed me at least as much as formal pieces of paper.</li>
<li>Interviews are stressful. Don’t keep the candidate waiting (or if you do, get a message to them to explain why), be courteous, and let them know of your decision as quickly as you can. Ducking telling an unsuccessful candidate that they haven’t got the job is pathetic. Explain why; offer helpful constructive advice. One day you may need a job from them.</li>
<li>My go-to interview question was always: ‘What’s your favourite ad, and why?’ I didn’t care what they chose only that they chose something and argued for it coherently. I cared that they cared about the industry they wanted to join. I have a nightmare suspicion that today’s candidates for media agency jobs are instead asked to explain Facebook’s algorithm. And we wonder why we’re in this mess?</li>
<li>In interviewing for any position, I would see at least 5 people who were capable of doing the day-to-day job. And (if I was lucky) one that we would all like to spend time with, including hour after hour in stressful situations. Character and attitude count for a lot.</li>
</ol>
<p>&nbsp;</p>
<p><strong><u>Managing People</u></strong></p>
<ol start="5">
<li>The best managers show empathy, are interested in the work their teams are doing, offer help wherever and whenever it’s needed and live by the dictum ‘Do as you would be done by’.</li>
<li>The worst managers find a dozen ways a day to illustrate how important they are, and live by the dictum ‘Do as I say not as I do.’</li>
<li>‘Thanking’ people on LinkedIn or Twitter is no substitute for saying thank you to their face or on the phone. All you’re doing by thanking someone on social media is to appear distant and impersonal. The message these SM notes send is that you’re more interested in your own social media profile than in your staff.</li>
</ol>
<p>&nbsp;</p>
<p><strong><u>Doing the Job</u></strong></p>
<ol start="8">
<li>We live in a bubble of privilege. Few ad campaigns are aimed at us. Get out and about with the people your clients want to reach. Keep your eyes and ears open, listen and watch how people behave (clue – it’s almost certainly not like you, or if it is you’ve wandered into one of your agency’s meeting rooms by mistake).</li>
<li>You never stop learning. I’ve been around this business 50 years and virtually every day I learn something new. Remember that next time you meet someone who claims to know it all.</li>
<li>There is absolutely no monopoly on good ideas. However big and important you become, go out of your way to meet as many people as you can, learn to listen (a skill far too many of us don’t have), and (to paraphrase Unilever) steal with pride.</li>
<li>There are few things as dispiriting as being ignored. Having your efforts constructively criticised is OK, but just being ignored is soul-destroying, not to mention plain rude. If someone (I mean a real person) takes the trouble to write to you then reply, even if only to say thanks but no thanks.</li>
<li>You get to kiss a lot of frogs in this business. But sometimes one will turn into a prince. Don’t miss out on the prince.</li>
</ol>
<p>&nbsp;</p>
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		<title>Time to Support Journalists</title>
		<link>https://www.bjanda.com/blog/time-to-support-journalists/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Feb 2019 08:43:52 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1156</guid>

					<description><![CDATA[I’ve always admired journalists. This goes back to my days as a Coglet, when I fondly imagined a future life as a travelling sports journalist; continued through a stint as the account director on ‘The Observer’ (winning creative awards); right through to today when I watch with admiration as investigative reporters like Peter Jukes and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’ve always admired journalists. This goes back to my days as a Coglet, when I fondly imagined a future life as a travelling sports journalist; continued through a stint as the account director on ‘The Observer’ (winning creative awards); right through to today when I watch with admiration as investigative reporters like Peter Jukes and Carole Cadwalladr refuse to be deflected or intimidated.</p>
<p><span id="more-1156"></span>It’s dreadful that so many of today’s young reporters and editors are told to focus on clicks not stories. This is so patently absurd – everyone (except it seems newspaper managements) knows that clicks have zero to do with anything – and yet they continue as a key ‘performance indicator’.</p>
<p>A couple of weeks ago <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/779882/021919_DCMS_Cairncross_Review_.pdf">The Cairncross Review</a> was published. This is the result of a Government process, led by Dame Frances Cairncross ‘to investigate ways to secure the future of high-quality journalism in Britain’.</p>
<p>The review ranges across the case for high standards in journalism, the threat posed to democracy should such standards disappear or diminish, and the impact of the major platforms on the sustainability of original and quality reporting.</p>
<p>Amongst the Review’s findings, the opening chapter on “Why should we care about the future of journalism?” concludes:</p>
<p>“Investigative journalism and democracy reporting are the areas of journalism most worthy and most under threat.”</p>
<p>And “The cost of investigative journalism is great and rarely seems to pay for itself.”</p>
<p>Cairncross goes on to discuss the role of Facebook and Google, concluding that “The opacity of the market for online advertising, and the market shares of Facebook and Google, are justification for regulators to study the market”.</p>
<p>You can’t say that those engaged in certain aspects of online trading haven’t been warned. Anyone remember British Posters?</p>
<p>As it happens the Cairncross findings were rather overtaken by the cross-party Digital, Culture, Media and Sport Select Committee’s <a href="https://www.theguardian.com/technology/2019/feb/18/facebook-fake-news-investigation-report-regulation-privacy-law-dcms">report</a> of its investigations into Facebook.</p>
<p>This described FB as ‘digital gangsters’ and repeated the point that Mark Zuckerberg has now refused three times to appear before this important Parliamentary Committee.</p>
<p>To quote the Committee’s Chairman, Damian Collins: “Democracy is at risk from the malicious and relentless targeting of citizens with disinformation and personalised ‘dark adverts’ from unidentifiable sources, delivered through the major social media platforms we use every day,”</p>
<p>The ad business seems out-of-step with both pieces of Government work.</p>
<p>First, we really don’t it seems care much about the content in which our ads appear, although as traders finally start to give way to planners the hope must be that this is changing.</p>
<p>If we thought more about the link between quality, engagement and involvement and less about meaningless numbers then we would surely reward proper journalism at the expense of clickbait listicles.</p>
<p>Sure, everyone talks about quality – but rarely do they do anything about it. Whatever happened to agency thought leadership? Buried below a ton of made-up research rubble topped off with a cherry of the sort of deals agencies like, presumably.</p>
<p>Second, what on earth does Facebook have to do to start to lose the trust of advertisers?</p>
<p>For many (often smaller) advertisers, especially those engaged in driving an immediate reaction FB no doubt delivers.</p>
<p>But when it comes to larger, brand-building campaigns what FB delivers is a reverse-halo effect.</p>
<p>It makes zero sense to keep plugging away on a channel that based on the evidence would appear to be ill-suited for brand building.</p>
<p>As a society we need great journalists. Great journalists engage the audience. Great journalists need funding. Advertisers need an engaged, involved audience.</p>
<p>Surely we can fill in the next sentence for ourselves?</p>
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		<title>Peak Media</title>
		<link>https://www.bjanda.com/blog/peak-media/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Feb 2019 09:32:02 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1152</guid>

					<description><![CDATA[We seem to have hit peak media. Times change; principles don’t. The trick is still to put the right message in front of the right people, at the right time and at the right price. These days we are so focussed on points 2, 3 and 4 on that list that we spend less time [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>We seem to have hit peak media.</p>
<p>Times change; principles don’t. The trick is still to put the right message in front of the right people, at the right time and at the right price. These days we are so focussed on points 2, 3 and 4 on that list that we spend less time worrying and thinking about point 1.</p>
<p><span id="more-1152"></span>We seem to spend our time arguing about bots, fraud, fake numbers, unverified research, and a shocking lack of transparency throughout the system.</p>
<p>Everyone’s an expert; we all pass judgement on ads. We’re all entitled to an opinion but my thoughts on the creative aesthetics of an ad are even less well-informed than Gary Vaynerchuck’s views on media planning.</p>
<p>This is all plumbing, what we are ignoring is the architecture.</p>
<p>These days global thought leadership (and the major issues are by definition global) in media matters comes from advertisers, not agencies. When the largest media agencies do pronounce in the press what they say is likely to be so mundane, so corporately correct, so distant from the real issues facing the industry as to be close to parody.</p>
<p>Do we really need a media agency to tell us how to run meetings, how to arrive at breakthrough ideas, how diversity is a good thing?</p>
<p>This ‘us media guys know everything’ notion reached a wonderful peak in an article by Roy Jeans (apologies for not having the link) who suggested in all seriousness that Brexit should be negotiated by our leading TV buyers.</p>
<p>Actually – now that I think about it…</p>
<p>The media business is facing a multi-directional crisis. News channels are closing because they can’t afford to pay journalists.</p>
<p>Too many journalists are so focussed on attracting clicks that they forget the stories they’re there to pursue.</p>
<p>Facebook and Google are decimating the publishing world.</p>
<p>Ad fraud is now so extensive it is said to be the second largest criminal activity in the world, behind only drugs.</p>
<p>Consumer trust in advertising is at an all time low; one survey had advertising as a business ranked behind politics in the eyes of the public.</p>
<p>Where are the network media agency initiatives to address these global concerns?</p>
<p>There’s lots of hand-wringing as advertisers pull out of trustworthy media forms in favour of chasing meaningless numbers. But why aren’t the agencies leading their clients, advising them on why a free and diverse press is a good thing, talking up the benefits of being seen to behave responsibly?</p>
<p>It’s really not good enough to go on about it being the advertiser’s money, and that the CPM is cheaper on the platforms.</p>
<p>Do your job for goodness sake – initiate, advise, lead. Or make way for a computer.</p>
<p>It may be fun (in a horribly retrograde way) taking on Channel 4 in a trading dispute, but even in the world of plumbing the lack of verifiable research, or the made-up numbers, or the abuse of trust, or the abdication of content responsibility at the platforms are a little more important.</p>
<p>We’re at peak media alright. And what a mess we’re making of it.</p>
<p>&nbsp;</p>
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		<title>Stanley the Influencer</title>
		<link>https://www.bjanda.com/blog/stanley-the-influencer/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 31 Jan 2019 10:18:46 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1149</guid>

					<description><![CDATA[Call me a dinosaur, someone so out of touch with today’s media world as to be but a distant spot in the rear-view mirror of today’s electrically-powered, driverless transportation module, but I really don’t get the fuss about online influencers. First off – why is this new? There have been celebrities in advertising since Stanley [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Call me a dinosaur, someone so out of touch with today’s media world as to be but a distant spot in the rear-view mirror of today’s electrically-powered, driverless transportation module, but I really don’t get the fuss about online influencers.</p>
<p><span id="more-1149"></span>First off – why is this new? There have been celebrities in advertising since Stanley Matthews told us in 1952 how he smoked Craven ‘A’s before destroying the opposition.</p>
<p><img loading="lazy" class="alignnone size-medium wp-image-1147" src="http://www.bjanda.com/blog/wp-content/uploads/2019/01/Stan-300x220.png" alt="" width="300" height="220" srcset="https://www.bjanda.com/blog/wp-content/uploads/2019/01/Stan-300x220.png 300w, https://www.bjanda.com/blog/wp-content/uploads/2019/01/Stan.png 538w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>And no doubt long before then too.</p>
<p>There’s been hundreds of celebrities in ads, from Morecambe and Wise for Texaco, through to George Clooney for Nespresso.</p>
<p>And who could forget Pepsi and Kendall Jenner (<a href="https://www.theguardian.com/media/2017/apr/05/pepsi-kendall-jenner-pepsi-apology-ad-protest">Pepsi</a> would no doubt like the answer to that question to be ‘everyone, please’)?</p>
<p>Aren’t online influencers the modern-day equivalents of good old Stan?</p>
<p>What are advertisers buying with influencers? Authenticity. Awareness. Newsworthiness. Plus influencers come with their own online audience, whereas celebs in ads build an audience from those provided by the channel.</p>
<p>‘Influencer marketing’ is in itself a triumph of marketing. If something is going to work in today’s marketing and agency worlds, it has to appear to be new and shiny.</p>
<p>As with ‘native’ or as us old gits would have it: ‘advertorials’. By the way, hasn’t the fuss around native died down a bit recently? Or am I just filtering it out?</p>
<p>In 2018 Kantar Media released a study called Dimension. It was the second in the series; the third will be launched this Spring.</p>
<p>KM asked connected consumers (these are people who use multiple devices to access the internet) in 5 countries: ‘Which of the following do you use to get information about brands and services?’</p>
<p>‘Celebrity endorsements’ was the worst-scoring option named by 9%. Even blogs scored 15%.</p>
<p>Except in China where celebrities scored 26%. And beat bloggers (18%).</p>
<p>There are more detailed studies on how using celebrities can add a great deal, but as the KM work suggests this does seem to be a lot of fuss about not much.</p>
<p>Yes of course having a celebrity promote your product, especially if he or she provides an audience of adoring followers can be a good thing. It can drive awareness and add a degree of credibility amongst those in the intersection between loving the celebrity and being in the market for the brand.</p>
<p>But influencers need to be selected and then used in a way designed to use their strengths as an integrated part of an overall marketing campaign, not in a manner that has nothing to do with the brand’s strategic communication goals.</p>
<p>My social media feeds regularly fill with posts ridiculing so-bad-they’re-laughable uses of the influencer channel.</p>
<p>Which only goes to show, as with so much online advertising, that once we start caring more about un-verified numbers (fake followers, bots, fraud and the rest) than we do about ensuring that what we say informs, intrigues and entertains then we’re screwed.</p>
<p>If those hiring the influencers could remember that fit, creativity and authenticity are far more important than meaningless numbers, then everyone would benefit.</p>
<p>And I’m a media guy for goodness sake.</p>
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		<title>The Best A Man &#8212; You Know The Rest</title>
		<link>https://www.bjanda.com/blog/the-best-a-man-you-know-the-rest/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Jan 2019 09:05:24 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1143</guid>

					<description><![CDATA[I rather like the Gillette ad, and as it would appear to be a legal requirement for everyone in the industry to have a point of view, and to make sure that everyone else knows what it is, here’s mine. Actually let me start over. I like the strategic thought behind the Gillette ad. Maybe [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I rather like the Gillette ad, and as it would appear to be a legal requirement for everyone in the industry to have a point of view, and to make sure that everyone else knows what it is, here’s mine.</p>
<p><span id="more-1143"></span>Actually let me start over. I like the strategic thought behind the Gillette ad. Maybe the execution is rather heavy-handed for some geographies, a bit, well American (it’s an American ad for goodness sake) but how can you not like the notion that men should behave better towards women, and towards those less fortunate or simply weaker than themselves?</p>
<p>Is it somehow appropriate for Gillette or indeed anyone else to jump on this particular bandwagon? Why not? Why is it so dreadful for brands to stand for something, or to espouse a cause?</p>
<p>What I find missing from much of the commentary is any sense that strategically this surely has to be a long-term endeavour. Aren’t we all calling for brands to think about long-term benefits and effects and not just today’s execution and tomorrow’s sales?</p>
<p>Gillette has for decades been one of the most traditional advertisers on the planet. Their ads have been boring in the extreme – the sort of boring you can only get away with when you’re in a hugely dominant position in a market where switching to a competitor cut from the same cloth must be rare.</p>
<p>Take the use of Roger Federer. When I see Federer on court am I likely to think: ‘There’s a guy with a great shave. He really epitomises shaving excellence to me.’ I think not.</p>
<p>But now there are new competitors, both those in the shaving business and nature (beards seem to be in fashion). Gillette must be under the sort of unaccustomed pressure that leads to questions on budgets and generates a discussion about changing tack.</p>
<p>Why not make the brand stand for something? Naturally they’re going to continue with the product messages (anyone else seen the monstrosity looming over Platform 17 at Waterloo Station?) but why not underpin them with a sense that as a business Gillette espouses certain values.</p>
<p>Those laughing at Gillette’s executional pomposity might have a point but you have to give the strategy time, surely.</p>
<p>Let’s assume that Gillette follows up this first salvo with other activities that fit with the theme of this first commercial. Maybe become seriously involved in the likes of anti-bullying charities (they’ve made a <a href="https://gillette.com/en-us/the-best-men-can-be">commitment</a> in this direction already).</p>
<p>It’s true as Dominic Mills has calculated that $3m is <a href="https://mediatel.co.uk/newsline/2019/01/21/what-my-gran-would-say-about-gillette/">miniscule as a proportion of Gillette sales</a> but I bet the organisations benefiting don’t do that calculation and welcome the cash.</p>
<p>I can imagine Gillette sponsoring events, education, courses, promoting appropriate role models, playing a role in fund-raising, getting involved in various activities at a grass-roots level, running more ads and so on.</p>
<p>If they do this well, in a few years’ time we will subconsciously associate Gillette with good behaviour in men.</p>
<p>If they get it wrong, they’ll be forever associated with some of the most tedious ads in history to set alongside one of the most tedious activities known to man.</p>
<p>They’ll be fewer reasons to buy their over-priced cartridges housing increasingly absurd numbers of blades and extraneous bits of plastic. Alternatives and alternative models will flourish.</p>
<p>But if we feel we’re supporting a brand that does some good? That’s another matter.</p>
<p>Must be worth a punt, surely.</p>
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		<title>Welcome Back To The Past</title>
		<link>https://www.bjanda.com/blog/welcome-back-to-the-past/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 08 Jan 2019 10:20:47 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1140</guid>

					<description><![CDATA[Well, that didn’t last long. Remember all that talk from network agencies about buying plans instead of justifying agency deals, of negotiating client-by-client, and their greater focus on planning, research and insight? Just before Christmas, ‘Campaign’ reported that a row had broken out between Channel 4 and Publicis Media. By the turn of the year, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Well, that didn’t last long. Remember all that talk from network agencies about buying plans instead of justifying agency deals, of negotiating client-by-client, and their greater focus on planning, research and insight?</p>
<p><span id="more-1140"></span>Just before Christmas, ‘Campaign’ <a href="https://www.campaignlive.co.uk/article/channel-4-publicis-media-ad-price-row/1521738?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20181221&amp;utm_content=Campaign%20Media%20(40)::www_campaignlive_co_uk_ar_1&amp;email_hash=">reported</a> that a row had broken out between Channel 4 and Publicis Media. By the turn of the year, ‘Campaign’ had moved on to <a href="https://www.campaignlive.co.uk/article/channel-4-kicks-off-2019-without-publicis-ad-money/1521956?utm_content=buffer46ce3&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=twitter+main">stating</a> that ‘Channel 4 Kicks Off 2019 Without Publicis Ad Money’ as the PM agencies (Starcom, Zenith and Blue 449 amongst them) boycotted Channel 4.</p>
<p>Setting aside for a moment that this isn’t Publicis’ money but money invested on behalf of their clients, who wins in a dispute like this?</p>
<p>Clearly not Channel 4.</p>
<p>Not those planners at the Publicis agencies who have to explain to their clients why that brilliant strategy built around C4’s exciting contextual research programme is now actually a terrible idea, because their buyers say so.</p>
<p>Not the Publicis Media clients who have had access to a major TV channel denied them. According to some basic Nielsen analyses, there are a number of PM clients (including Samsung, Mercedes and KFC) who spend ahead of C4’s ‘natural’ share of TV revenues (estimated at 26%) on the channel.</p>
<p>Presumably this skew means the planning agencies considered C4 to be an important part of a number of their clients’ plans, until someone (and I bet the someone was not client facing) decided otherwise.</p>
<p>Even Publicis Media doesn’t win. They’re fighting an old-style battle, in public, whilst the rest of the business is involved in the great transparency debate.</p>
<p>The only winners will be the independent agencies (like the7stars and Goodstuff) who have (not for the first time) seen their client-first policies amplified by the behaviours of a network agency peer. Their new business teams will have had a busy Christmas and New Year break.</p>
<p>It really doesn’t matter whether the C4 / PM dispute is around price, the structure of the agency’s deal or whether the quality of biscuits served in the upfront meeting wasn’t up to scratch. These agency deals are bad for the industry.</p>
<p>Agencies are there to do a job for each and every one of their clients – individually; to write creative and engaging plans, and to deliver those plans through imaginative buying and placements.</p>
<p>It would be interesting to know how many PM clients were consulted before the agency pulled ‘their’ cash from C4. To save any PM executive replying I imagine they will say ‘all of them’. Sure.</p>
<p>This dispute and others like it will have consequences.</p>
<p>It adds fuel to the argument for in-housing. Procter and Gamble (a PM client) for one has its own C4 deal and is thus not affected. Why wouldn’t other clients strike direct deals with major vendors, to take back control over their own media spending?</p>
<p>C4’s Chief Commercial Officer Jonathan Allan has apparently written to every client affected. I wonder what he might be offering them.</p>
<p>Why don’t Publicis Media use their muscle against those media vendors who don’t work within joint industry committees on audience measurement and whose respect for data privacy is lacking?</p>
<p>But then Facebook is rather larger than C4 and has any number of direct client deals.</p>
<p>With that in mind it was encouraging to read that Mat Baxter, Initiative’s Global CEO was, according to <a href="https://www.wsj.com/articles/ad-agency-ceo-calls-on-marketers-to-take-collective-stand-against-facebook-11545326768">the WSJ</a> ‘advising’ his clients not to spend on FB ‘to protest what he described as the social-networking company’s “egregious behaviour”.’</p>
<p>Publicis Media might like to note Mat’s use of the word ‘advise’.</p>
<p>Less encouraging was his parent company IPG’s response: ‘Mr Baxter’s comments were his own and not an official position from the network or company.’ Thanks for the support, chaps.</p>
<p>Even less encouragingly both Michael Roth IPG’s CEO and Carolyn Everson, VP Global Marketing Solutions at FB are quoted in the WSJ article. FB clearly went to the top to stifle any unpleasantness.</p>
<p>Coincidentally no doubt, IPG was an early stage investor in Facebook.</p>
<p>No wonder the network media agencies get such a bad press – even when they try to do the right thing they get dumped on by their holding companies.</p>
<p>Truly 2019 is off to a dreadful start.</p>
<p>&nbsp;</p>
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		<title>End of a Cycle</title>
		<link>https://www.bjanda.com/blog/end-of-a-cycle/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Dec 2018 10:07:33 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1137</guid>

					<description><![CDATA[A version of this post appeared on Mediatel’s Newsline on December 18th It’s usual in these future looking pieces to exaggerate both the problems and the opportunities. But it really is no exaggeration to say that 2019 will be a critical year for media agencies – and, in particular for the network agencies. We are [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><u>A version of this post appeared on Mediatel’s Newsline on December 18th</u></strong></p>
<p>It’s usual in these future looking pieces to exaggerate both the problems and the opportunities. But it really is no exaggeration to say that 2019 will be a critical year for media agencies – and, in particular for the network agencies.</p>
<p><span id="more-1137"></span>We are coming to the end of a cycle that started with Jon Mandel’s 2015 speech to the American Association of National Advertisers, continued with the 2016 ANA report that followed it, the subsequent decline in trust in the large agencies, and looks to be ending with the FBI’s enquiry into media buying practices.</p>
<p>In a nutshell – it’s the end of the beginning. There’s now a real need for a sea-change at the network media agencies.</p>
<p>If a large chunk of your revenue comes from someone other than the client, and if a significant proportion of that is at best under risk and at worst has simply disappeared then you have a problem.</p>
<p>For far too long agencies have spoken in public about their strategic skills, their planning expertise and the original, insightful research they (and only they) undertake. The fact is though, at the same time they were making their money elsewhere.</p>
<p>In other words, what they said, and what they did were two very different things. If you don’t believe me, read some of the worthy stuff emerging in the trade press from the largest players, then set those pieces against published client concerns. There’s a disconnect.</p>
<p>In 2019 agencies have to improve what we can short-hand as their planning capabilities. More importantly they need to demonstrate how these skills can genuinely add business benefits to their clients, and charge accordingly.</p>
<p>That won’t be easy – it’s never easy to charge for something you’ve been giving away for free, but the skills are there if only the agencies’ managements (and sometimes that means in the holding companies) encourage the right people to flourish.</p>
<p>The key is to demonstrably do something different / better / worthwhile, and to have the confidence that whatever it is has a value that can justifiably command a price.</p>
<p>I think we can expect more acquisitions as the big guys add planning specialists, and much talk of creative and data integration.</p>
<p>Rather oddly, the big network guys have to play catch-up with the growing and impressive independent sector in terms of client focus, creative thinking and fair and honest charging.</p>
<p>But before all of that comes to pass (there’s confidence for you..), may I wish you all a peaceful, stress free Christmas, and a happy and prosperous 2019. We will be back with more Cog Blogs in the New Year.</p>
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		<title>WPP (Re)Discovers Creativity</title>
		<link>https://www.bjanda.com/blog/wpp-rediscovers-creativity/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 14 Dec 2018 11:59:14 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1134</guid>

					<description><![CDATA[A shorter version of this post appeared on Mediatel’s Newsline on 11th December One of the hoariest clichés you’ll ever hear about the ad business is that the assets go up and down every day in the lift. Even today when the lift is equipped with the latest AI algorithms it’s still the people that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em><u>A shorter version of this post appeared on Mediatel’s Newsline on 11<sup>th</sup> December</u></em></strong></p>
<p>One of the hoariest clichés you’ll ever hear about the ad business is that the assets go up and down every day in the lift. Even today when the lift is equipped with the latest AI algorithms it’s still the people that make it go.</p>
<p><span id="more-1134"></span>Amidst a great fanfare Mark Read of WPP revealed the Group’s new strategic direction to a waiting world this week.</p>
<p>WPP is turning itself into a creative transformation business. I’m not too sure what it was before, but ‘creativity’ is now at the heart of everything it does. Presumably it wasn’t before. But anyway, it is now.</p>
<p>Oh, and the word ‘digital’ is banned (hurrah!).</p>
<p>The focus on creative endeavours sounds like a sensible idea – certainly it’s hard to argue with. On the basis that one way to judge the uniqueness of a positioning is to assess how many competitors do the opposite, it’s fair to say that WPP aren’t unique. There’s little future for an unimaginative business interested in staying exactly where it is.</p>
<p>The lift can be smart and shiny, but it’s the people who make it work.</p>
<p>The new <a href="https://www.campaignlive.co.uk/article/wpp-creative-transformation-company-strategy-review-focuses-growth/1520827">strategic focus</a> is built around four pillars: communications, experience, commerce and technology. Again, all very sensible and good to see a recognition of the importance of creating and building upon brand experiences.</p>
<p>Plus there’s little question that many need help with e-commerce and with all aspects of technology.</p>
<p>Mark Read had this to say: “What we hear from clients is very consistent: they want our creativity and they want us to help them transform their business in a world reshaped by technology. This is at the heart of what we do.</p>
<p>&#8220;We are fundamentally repositioning WPP as a creative transformation company with a simpler offer that allows us to meet the present and future needs of clients.”</p>
<p>Again – all good stuff but is WPP best placed even amongst the holding companies to deliver to this promise? After all, judged purely on the single metric of creativity, and the single lens of advertising there aren’t many who would place JWT (as was) or Y&amp;R (as was) ahead of Adam and Eve DDB, or Abbott Mead Vickers BBDO.</p>
<p>There’s work to be done.</p>
<p>The question it seems to me is not will WPP successfully mutate but rather what is the point of a holding company these days?</p>
<p>Clients want flexible, nimble organisations able to work with others to deliver brilliant transformative solutions for their businesses. Is this more or less likely to happen if the organisations selected are owned by a common parent?</p>
<p>Or is it more likely in an organisation free from pressures and processes from above?</p>
<p>Simplicity in delivery to the client, regardless of what’s happening behind the scenes is what counts. There’s a lot to be said for the swan model – serene on the surface, paddling like hell underneath. Read is right to call for a simpler offer.</p>
<p>Will the people charged with delivering creative transformations be allowed the freedom to spread their wings? Or will they still feel the need to (in the words of the dear departed leader) ‘fight nicely’?</p>
<p>It’s the people who make the lift go up and down. Does WPP have enough of the right people; and will the centre give them their freedom? Maybe. Even with the 3,500 announced job losses there’s certainly plenty of talent around.</p>
<p>But if I was a betting man I would have a flutter on the independents.</p>
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		<title>Not All Data Is Fake</title>
		<link>https://www.bjanda.com/blog/not-all-data-is-fake/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 03 Dec 2018 08:53:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1131</guid>

					<description><![CDATA[I’m not sure when this happened, but whenever it was it seems to be an ever more popular pastime to call out what some identify as fake data. Thinkbox does some great research. ‘It must be biased, look who funds Thinkbox’ inevitably pops up in my Twitter and Linked In feeds. Newsworks does work to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’m not sure when this happened, but whenever it was it seems to be an ever more popular pastime to call out what some identify as fake data.</p>
<p><span id="more-1131"></span>Thinkbox does some great research. ‘It must be biased, look who funds Thinkbox’ inevitably pops up in my Twitter and Linked In feeds.</p>
<p>Newsworks does work to demonstrate the importance of trust in news reporting. ‘Well, they would, ask yourself who owns their paymasters’.</p>
<p>The IPA proves that advertising drives sales and profit. ‘Why don’t they ever publish anything showing the power and effectiveness of non-advertising channels?’</p>
<p>‘BARB data is wrong, unrepresentative, takes no account of any viewing that happens on any device aside from a TV set, and is plainly not fit for purpose.’</p>
<p>Needless to say the argument is inevitably unsupported by facts, often misinformed, and ignorant of the work that those accused of bias actually do.</p>
<p>Why bother defending them? BARB, Thinkbox, Newsworks and the IPA are all perfectly capable of arguing their case, but it seems to me important to do my bit to point out a few basic truths.</p>
<p>It’s also important that someone should point out that the ad business is full of genuinely smart people doing their best to provide the rest of us with the best data and research they can to help us navigate the complicated communications world we inhabit.</p>
<p>There are conferences about this stuff, well thought out articles are published, debates are had, award entries are written, and yes not all of it is perfect, not all of it is as up-to-the-minute as it might be but we’re a ton better off with it than without it.</p>
<p>Many of the data cynics come from the online world. These online evangelists have a belief that market research is old hat in the era of big data, that immediate reactions are all that matters, and that a show of hands at a conference attended by their fellow evangelists somehow proves their point.</p>
<p>The irony is that FB, and various other online platforms are guilty of some pretty appalling misuses of research and data. As you can read <a href="http://www.bjanda.com/blog/facebook-fake-news-and-research/">here</a>, <a href="http://www.bjanda.com/blog/facebook-the-guardian-and-cambridge-analytica/">here</a>, and <a href="http://www.bjanda.com/blog/facebook-fall-out/">here</a>.</p>
<p>It’s also interesting that some communication forms that have been short of independent research and data have recently gone out of their way to provide it. Step forward JICMAIL (measuring the impact of advertising mail) as one excellent example.</p>
<p>So, the next time someone goes on about ‘why doesn’t your industry measure the impact of influencers/ in-game ads/ ads on cows chewing away in a field passed by a railway’ (yes that was once a thing), you might suggest that they get off the sofa, pull the parties together, raise the cash, organise the research and publish the results. As opposed to blaming someone else for focussing on something else.</p>
<p>There is a community committed to trying to answer questions that help advertisers spend their budgets more wisely, and thus for many forms of commercial communications to work as effectively as possible.</p>
<p>Like news, not all data is fake.</p>
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		<title>The Gospel According to Gary</title>
		<link>https://www.bjanda.com/blog/the-gospel-according-to-gary/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 20 Nov 2018 14:21:20 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1128</guid>

					<description><![CDATA[Nobody in the UK ad business has ever heard of Gary Vaynerchuk. I know this as I’ve employed a research technique beloved by Gary himself: I asked a few people I know. Admittedly these people were gathered at the asi conference on audience measurement but, hey. Gary for those who have never heard of him [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Nobody in the UK ad business has ever heard of Gary Vaynerchuk. I know this as I’ve employed a research technique beloved by Gary himself: I asked a few people I know. Admittedly these people were gathered at the asi conference on audience measurement but, hey.</p>
<p><span id="more-1128"></span>Gary for those who have never heard of him (and I’m sure many smart Cog Blog readers have, really) is a serial entrepreneur, who enjoys great success in fields as far apart as wine, media (not so far apart) and sneakers.</p>
<p>As well as being hugely successful, I’m sure he’s a charming guy (in fact I hear from some who know him that he genuinely is) but charming or otherwise when it comes to advice on media matters he is somewhat deluded.</p>
<p>Gary’s been in the news here this last week on the back of a series of appearances in which he says (I precis) that anyone who does not spend their entire marketing budget on Facebook and Instagram is nuts; that all other media forms are dead or dying; and that marketers will come to thank him for the wisdom as prices on FB (et al) are about to go through the roof.</p>
<p>He makes one exception – ads in the Superbowl are well worth it, and together with Facebook and Instagram …. Well, really that’s all you need to know.</p>
<p>Amidst the sound of teeth gnashing, and some of us just sighing quietly in desperation, Professor Mark Ritson decided to be sensible. He split Gary’s claims into five, and basically destroyed them one by one with evidence and facts.</p>
<p>If you haven’t read the good Professor’s masterpiece in ‘Marketing Week’ here <a href="https://www.marketingweek.com/2018/11/16/mark-ritson-gary-vaynerchuk/?cmpid=em~newsletter~breaking_news~n~n&amp;utm_medium=em&amp;utm_source=newsletter&amp;utm_campaign=breaking_news&amp;eid=6657887&amp;sid=MW0001&amp;adg=AB3C8662-7063-4C57-8EE4-4F5CDC14EA0D">it is</a>.</p>
<p>I can’t improve on Ritson (let’s face it, few can) but there are a couple of interesting further facts on Gary’s claims.</p>
<p>First, he preaches to the choir. Gary typically speaks to online advertising evangelists. He avoids debate (Ritson has apparently suggested just such a thing, only for it to be firmly and politely rejected). In fact, not only does he preach to the choir he also uses the choir as his research sample. As Ritson says:</p>
<p>“Vaynerchuk is bereft of any data and relies initially on his own media consumption for empirical proof. But in recent years his stage show has usually included a section in which he uses his audience and a show of hands to demonstrate the fallacy of TV advertising.”</p>
<p>If you criticise Gary, the high priest of social media on social media, well, you can guess what happens next.</p>
<p>It all sounds a bit like someone else, in a different line of work.</p>
<p>To be clear, no-one is suggesting that FB and Instagram don’t have their place; or that for certain advertisers they do a great job. Indeed, my Twitter feed this week contained one such small business owner pointing out what a great job FB does for him.</p>
<p>But not all advertisers are the same; media planning is a skill; selection of channels isn’t simple; one size does not fit all.</p>
<p>The second fact is that Gary, along with many, many online advertising ‘experts’ (there seem to be loads of people answering to that description) is quick to criticise the ad industry’s data. ‘Small samples’, ‘biased findings’, ‘controlled by the big broadcasters’, ‘methodologies not fit for purpose’. And so on.</p>
<p>Gary Vaynerchuk was an early stage investor in Facebook. You don’t think that his unbiased, small-sample-based, independent advice to marketers might be driven by any sense of self-interest do you?</p>
<p>No, of course not.</p>
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		<title>Filling the Data Consultancy Vacuum</title>
		<link>https://www.bjanda.com/blog/filling-the-data-consultancy-vacuum/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 12 Nov 2018 13:46:18 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1125</guid>

					<description><![CDATA[This post is in-part based on remarks made by me at the 2018 asi Conference Last week was the annual asi International TV and Video Conference, held this year in Athens. The asi has become an institution: it’s been held 28 years’ consecutively, with this year’s delegates (and speakers) coming from countries as diverse as [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em><u>This post is in-part based on remarks made by me at the 2018 asi Conference </u></em></strong></p>
<p>Last week was the annual asi International TV and Video Conference, held this year in Athens. The asi has become an institution: it’s been held 28 years’ consecutively, with this year’s delegates (and speakers) coming from countries as diverse as Russia, New Zealand, Japan, Australia, the USA, many mainland European markets, the Nordics and the UK.</p>
<p><span id="more-1125"></span>The focus is on measurement and data, a pretty essential and timely topic for agencies and advertisers, as well as for broadcasters, the JIC systems and the research organisations.</p>
<p>Yet few of the international network agencies show up (the usual response is ‘we have a travel ban’, which I can’t help but notice mysteriously seems to evaporate come Cannes), presumably preferring to shout from the side-lines about how inadequate the measurement techniques are when it comes to multi-screens, multi-platforms and the rest.</p>
<p>It is after all far easier to criticise others than to join in any effort to solve the issues of the day. You have to feel for the Kantars, the Nielsens, the gfks and the rest who go to great lengths to share their latest thoughts and efforts only to go home to read comments on how useless they are at solving ‘our real issues’ from people who can’t be bothered to find out what’s going on.</p>
<p>The advertiser community needs help dealing with the vast quantities of data generated not only from third parties (like social media platforms and the audience measurement organisations) but also from their own first-party data-sets.</p>
<p>It’s one reason why advertisers are increasingly taking what used to be perceived as media agency tasks in-house. In Norway, the consumer goods conglomerate Orkla has combined with the country’s largest bank, DNB to set up an in-house data business. As DNB’s company statement has it:</p>
<p>“DNB and Orkla are creating a common company in data-driven marketing. This is as a specific response to the major changes in the media market and the need for greater ownership and a more thorough management of consumer data.”</p>
<p>Agencies should be worried – as the <a href="http://www.bjanda.com/blog/in-housing-threatens-agencies/">Cog Blog</a> has commented before, advertisers’ trust in their agencies is at a low point. Why would you hand over responsibility for your data assets to an organisation you don’t trust?</p>
<p>When it comes to audience measurement, advertisers are crying out for objective, verifiable data from as few sources as possible. It is far better to come together (as Samir Pradhan from Google said at the asi event) and to seek compromises within a joint industry framework than to keep arguing the toss around what counts as an ad being viewable.</p>
<p>It may be heresy to say so, but most advertisers would rather be roughly right than totally wrong – if we can’t get to measurement perfection maybe we all have to learn to live with best estimates (a principle which served us pretty well until someone invented ‘big data’).</p>
<p>Advertisers want advice on how to combine data-sets and how to use the insights generated to improve both their messaging and the placement of messages.</p>
<p>Research businesses, along with management consultancies would seem to be in a prime position to help – but management consultancies typically aren’t great at creativity (which would explain Accenture’s purchasing of several creative outfits) whereas research agencies are good at collecting data, but less good at putting it to use to help solve advertisers’ business issues.</p>
<p>The opportunity is there, and there’s a vacuum where the large media agencies used to be. Who will fill it?</p>
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		<title>In-Housing Threatens Agencies</title>
		<link>https://www.bjanda.com/blog/in-housing-threatens-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 29 Oct 2018 12:17:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1122</guid>

					<description><![CDATA[Who would be an agency these days? Pitch after pitch after pitch, controversy after controversy, new vendors every time you turn around, competition from (comparatively) new entrants. It’s no life for someone after a quiet life, that’s for sure. And now along comes a new threat: clients taking parts of the media agency role in-house, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Who would be an agency these days? Pitch after pitch after pitch, controversy after controversy, new vendors every time you turn around, competition from (comparatively) new entrants. It’s no life for someone after a quiet life, that’s for sure.</p>
<p><span id="more-1122"></span>And now along comes a new threat: clients taking parts of the media agency role in-house, reducing their reliance on their partners, and threatening agency revenue.</p>
<p>It’s not a new idea. Clients have in the past taken aspects of the media role in-house. Once upon a time P&amp;G famously did their own media negotiations and even their spot buying, sending lists of what they had bought to their agencies to enter into their systems.</p>
<p>In one or two cases (Kobalt in The Netherlands; Debis in Germany) media agencies owned by one or more clients appeared on the market, although they didn’t tend to last long.</p>
<p>But this time it’s different. What we have now is a dangerous (for the agencies) confluence of three factors.</p>
<p>First, clients no longer fully trust the network agencies. We all know this, there’s a mountain of anecdotal evidence and research to support it. It’s a fact.</p>
<p>Second, major vendors, like Facebook have large client-facing teams prepared to work with the client directly and to disintermediate the agency. They promise access to data, smart analysts to use that data to make the most out of the platform, and advice on how best to use the channel creatively.</p>
<p>Third there’s our old friend ‘data’. This little word covers a huge range from industry-wide studies through to the client’s own first-party data.</p>
<p>Increasingly clients are deciding not to hand their data wholesale over to their agencies. In part this is a trust matter, in part they don’t believe that agencies are qualified to manage their data needs, and in part it makes it a whole lot harder to change agencies if all your data is tied up somewhere inside your erstwhile partner’s systems.</p>
<p>In theory in-housing allows clients the chance to develop their own ways of working on aspects of their media activities, using their own data to benefit them and them only.</p>
<p>That this is both real and trending isn’t in doubt. According to the US advertiser trade body <a href="https://adage.com/article/cmo-strategy/house-agency-talk-dominates-stage-ana/315413/?utm_source=daily_email&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1541253692&amp;utm_visit=567173">the ANA</a>, in the US 78% of advertisers ‘have some form of in-house team, up from 58 percent five years ago’. Yes, the scale of budgets and the very nature of US media means that the scale won’t be replicated everywhere but more and more advertisers are doing more and more themselves.</p>
<p>In-housing can take different forms, from hiring a media specialist to keep an eye on the agency, through to taking control of such as data-driven programmatic deals and on to the fully-integrated in-house media agency.</p>
<p>Many will find it more appropriate for their business to stop at the ‘bring in an expert’ stage, others will do more.</p>
<p>The implication for agencies is clear. They should have several in-built advantages: they tend to hire creative thinkers who work better in a creative environment. They bring experiences across multiple advertisers. They have easy access to a full range of specialist services which they can bring to bear on an advertiser’s problems.</p>
<p>The best will see in-housing as an opportunity to reset the relationship and redefine their value-add. The worst will chunter on about how this is a mistake that advertisers will soon recognise.</p>
<p>The critical words above are ‘should have’. Whatever they may say in public everyone involved knows that far too many of the network agencies have long neglected the importance of planning in favour of short-term buying-led strategies designed to benefit themselves.</p>
<p>They’re now in a mess of their own making. And the mess risks getting a whole lot more serious with the involvement of <a href="https://adage.com/article/agencies/criminal-liabilities-agencies-face-media-probe/315420/?utm_source=daily_email&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1541253692&amp;utm_visit=567173">the FBI</a>. Watch this space and (if like me you’re a fan of what the best in agencies can do) weep.<strong><u> </u></strong></p>
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		<title>The Past Is All Around Us</title>
		<link>https://www.bjanda.com/blog/the-past-is-all-around-us/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 19 Oct 2018 06:33:34 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1119</guid>

					<description><![CDATA[Disclosure: BJ&#38;A has done work for both Suzuki and the7stars  It’s been a good few weeks for the old git community, even the Cynical Old Gits in honour of whom the Cog Blog is named. We’ve had the 30th anniversary of Zenith, the first of the media agencies to be spun off from the old [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><u>Disclosure: BJ&amp;A has done work for both Suzuki and the7stars</u></strong></p>
<p><strong><u> </u></strong>It’s been a good few weeks for the old git community, even the Cynical Old Gits in honour of whom the Cog Blog is named. We’ve had the 30<sup>th</sup> anniversary of Zenith, the first of the media agencies to be spun off from the old full-service ad agency model; ‘Campaign’s 50<sup>th</sup> birthday; and only this week the 30<sup>th</sup> anniversary of the demise of the first real agency I worked in, Davidson Pearce.</p>
<p><span id="more-1119"></span>Davidson Pearce was a great agency. Based on the fact that agencies are only ever as good as the people who work there it’s interesting to reflect that the agency spawned media luminaries like Ray Kelly (one of the founders of TMD, that in turn became Carat), Mike Sell (founder of Total Media), and Allan Rich (founder of The Media Business, that became MediaCom); as well as creative geniuses like Norman Berry and Allen Thomas.</p>
<p>The ads weren’t half bad either – the PG Tips chimps, The Observer Citizen Kane spoof, and a fantastic print campaign for Colt air conditioning stand out in my memory but there were dozens more.</p>
<p>This week many of us gathered to remember the agency (and each other). It was of course an excellent afternoon, and (as was only right) evening. Thank goodness for large-print name tags.</p>
<p>I’m sure the Zenith guys had a brilliant reunion too; as indeed do the Leo Burnetters – given Burnett was blessed with super-efficient account people those reunions happen every year.</p>
<p>This started me thinking whether in 30 years’ time the likes of the large platforms, the programmatic salesmen, the DMPs and data aggregators will gather to remember the good old days when algorithms were truly algorithms and java scripts argued the toss over a pint or two (OK I’ve run out of analogy here) with pixels. Happy days.</p>
<p>It’s easy for any generation to look back and say yes, we were the golden ones. We may have been; but someone will say no it was far better further back, or whenever. But I doubt there would be many saying it is all far more fun now.</p>
<p>‘Campaign’s’ 50<sup>th</sup> birthday edition is wonderful. A nostalgia-fest that truly captures the industry’s journey over the magazine’s life-time. It’s also a printed thing – it simply wouldn’t work as well in any other format, although you can of course trail bits of it very successfully online.</p>
<p>That’s not to say print is always great and online always sucks, the media world isn’t binary despite the efforts of far too many ignorant people to try to make it so (TV is dead, print is great, and all that crap).</p>
<p>But sometimes print <u>is</u> great. Kudos to the Account Planning Group (the APG) for their ‘Eat Your Greens’ book of essays on how to improve your brand’s health by considering the facts as expressed by a stellar array of writers, bloggers and thinkers. Far better as a printed thing if you ask me.</p>
<p>Finally, in ‘cynical old gits’ week I shall set aside my innate sense of cynicism to offer huge congratulations to my friends at Suzuki and the7stars for winning Gold at the IPA Ad Effectiveness Awards.</p>
<p>I may be wrong, but I think this is the first time a media agency has won one of these without a creative agency co-author. Certainly, there weren’t any in the year I was a judge. Suzuki is a brave and innovative client – and they’ve found themselves the perfect fit in the7stars.</p>
<p>‘Study the past to divine the future’ said Confucius. Probably when he was at JWT.</p>
<p>&nbsp;</p>
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		<title>This Much I&#8217;ve Learned &#8211; Part One: Agencies</title>
		<link>https://www.bjanda.com/blog/this-much-ive-learned-part-one-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 02 Oct 2018 09:36:05 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1116</guid>

					<description><![CDATA[I’ve been in the ad business almost 50 years, starting as a messenger in an ad agency in the days when the UK had one commercial TV channel, and no commercial radio stations. Despite myself I’ve absorbed lessons, and so from time to time I’m going to devote the Cog Blog to attempting to summarise [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’ve been in the ad business almost 50 years, starting as a messenger in an ad agency in the days when the UK had one commercial TV channel, and no commercial radio stations. Despite myself I’ve absorbed lessons, and so from time to time I’m going to devote the Cog Blog to attempting to summarise a few things I’ve learned.</p>
<p><span id="more-1116"></span>This first go focuses on agencies. Later subjects will include people management, research, and media vendors.</p>
<ol>
<li>Whilst it’s clearly silly to say that one channel or a thousand makes no difference, it is true that basic media principles still apply, regardless of how many outlets exist.</li>
<li>We were always rubbish at understanding how media forms work in combination; let alone what happens when you add channels like PR or events to the mix. We still are.</li>
<li>Ad campaigns work best when media and creative work together. Forget digital re-targeting, tracking, micro-precision-targeting, questionable data claims. Nothing beats a great idea, placed in the most appropriate position.</li>
<li>Separating media from creative was a bad idea. That said it happened and there’s no point whining on about ‘the good old days’ (especially as they weren’t universally wonderful). What needs to happen is to recreate the working partnership that existed between the best creatives and the best comms planners.</li>
<li>The network agencies talk of integration, whereas what they actually mean is ‘give me all of it; even if I don’t know what to do with it.’ True integration means finding a way for the best talent to work together whatever the organisational structure in which that talent sits.</li>
<li>The giant media agencies had a choice. Build up relationships with creative talent or try to sell additional services to their clients around the media process. At one stage a media agency in London of my acquaintance had 11 separate internal profit centres. How can internal squabbling over who can charge extra for what help the client?</li>
<li>Agencies have flourished when they’re focussed on doing their best for their clients. Back in the dark ages, ad agencies only built networks because their clients wanted them to open offices to match where the client had a need. Move away from serving client needs and you fail. It might take a while, but you’ll fail.</li>
<li>Once you’ve failed (and a US FBI enquiry would suggest that the media agency world has at the very least a major problem), you can rebuild in the image you should have been aiming for in the first place. There are signs this is starting to happen.</li>
<li>Agencies (creative as well as media) are potentially great places to work. It used to be that the word ‘potentially’ was un-necessary. Agencies were fun, relaxed, hard-working, hard-playing places full of creative thinking, interesting people across all disciplines. Some still are.</li>
<li>But far too many aren’t – they’re more serious, more corporate, less fun, and as a result less creative. You need the right atmosphere for creative thinking to flourish, and we are at risk of losing the ingredients that are essential for advertising to work.</li>
<li>The business used to be about people; those in it and those we were trying to reach and influence. These days it’s more about data, algorithms and meaningless gross impression numbers. Which is sad, a major step backwards and needs to change.</li>
</ol>
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		<title>On Trust and Planning</title>
		<link>https://www.bjanda.com/blog/on-trust-and-planning/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Sep 2018 07:36:32 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1112</guid>

					<description><![CDATA[Disclosure: BJ&#38;A has done consultancy work for the7stars  The latest survey by the media consultancy ID Comms on the degree to which advertisers trust their media agencies showed the lowest numbers yet with only 10% of advertisers rating trust in their media agency as ‘high’ or ‘very high’. 40% say that the level of trust [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em><u>Disclosure: BJ&amp;A has done consultancy work for the7stars</u></em></strong></p>
<p><strong><u> </u></strong>The latest survey by the media consultancy <a href="https://www.mediapost.com/publications/article/325225/agency-client-trust-levels-hit-a-new-low.html?utm_content=77276766&amp;utm_medium=social&amp;utm_source=twitter">ID Comms</a> on the degree to which advertisers trust their media agencies showed the lowest numbers yet with only 10% of advertisers rating trust in their media agency as ‘high’ or ‘very high’. 40% say that the level of trust is ‘low’, as against 29% a year ago.</p>
<p><span id="more-1112"></span>None of this should have been of any surprise to anyone; except for those agency CEO’s pining for the past who thought ‘this trust thing’ would just blow over.</p>
<p>One of the characteristics that makes agency people interesting is their ability to be curious about everything, which is a good thing except when that behaviour manifests itself as a failure to focus on any one issue for very long.</p>
<p>We all know the adage that a reputation takes years to build and seconds to destroy. Well, the agencies and in particular their traders have managed through their behaviours to set the sector the task of rebuilding its reputation – which will take years, not moments.</p>
<p>This is really down to the big network agencies owned by the holding groups. The likes of the7stars, Bountiful Cow, Horizon Media and Goodstuff are all benefiting from living by their transparent and objective principles (and a very good thing too) but for the sector to flourish it needs the big guys to step up.</p>
<p>From observation there are some promising signs. There’s much more talk of planning skills, and of collaboration as opposed to confrontation (when did ‘Campaign’ last carry a headline about ABC agency’s trading dispute with XYZ broadcaster?).</p>
<p>Agencies are slowly realising that the way out of this massive, self-inflicted mess is via planning. And, furthermore planning that’s worth paying for. Which means planning that delivers a recognisable business benefit to the advertiser.</p>
<p>This shifting of focus from buying to planning is becoming recognised. A <a href="https://adexchanger.com/agencies/forrester-global-media-agency-wave-consulting-is-in-and-clout-is-out/">new study</a> from Forrester which ranks media agencies by their skills across multiple disciplines via a sample of advertisers concludes: “In a programmatic environment, buying clout becomes less important. The smart agencies are making strides to build consulting, marketing and data analytics services beyond conventional media services”.</p>
<p>In the early days of The Cog Blog I was regularly harangued by those agency managers whose route to riches was: given that no-one will pay for planning, the future lies in data-fuelled trading mechanisms employed by those bastions of best practice the financial traders.</p>
<p>That plan hasn’t worked out too well, with more and more clients realising that data is far too important to be left to their agency’s often sketchy and under-resourced data teams, and who are thus choosing to take the data task in-house to a greater or lesser degree.</p>
<p>To repeat &#8211; in an entirely related finding, 40% of advertisers say that trust in their agency is ‘low’.</p>
<p>The large agencies pride themselves in having the skills to advise their clients on what to do when faced with a reputational crisis.</p>
<p>At least some are taking a long hard look in the mirror and working out what they can do to best deliver to their clients’, as opposed to their own, current and future needs.</p>
<p>Look after your clients and the rest will take care of itself, as someone probably said.</p>
<p>&nbsp;</p>
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		<title>Just Do It Right</title>
		<link>https://www.bjanda.com/blog/just-do-it-right/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 13 Sep 2018 09:50:12 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1109</guid>

					<description><![CDATA[The latest Nike ad, featuring Colin Kaepernick (the American quarterback who started the controversial ‘take a knee’ protest) is stirring up quite a storm. No doubt as Nike intended. Putting aside the burners of Nike products (I suspect a small negative audience to be set against the far larger positive group) there have been some [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The latest <a href="https://www.youtube.com/watch?v=-hIc_epqfI0">Nike ad</a>, featuring Colin Kaepernick (the American quarterback who started the controversial ‘take a knee’ protest) is stirring up quite a storm. No doubt as Nike intended.</p>
<p><span id="more-1109"></span>Putting aside the burners of Nike products (I suspect a small negative audience to be set against the far larger positive group) there have been some in adland who’ve criticised the ad for being mawkish and over-the-top in an ‘it’s so far up itself it’s out of sight’ way. Others (as in this <a href="http://www.campaignlive.co.uk/article/does-nikes-campaign-mark-beginning-new-era-sports-marketing/1492440">‘Campaign’</a> piece) praise it as brave, risky, a manifestation of what the brand means.</p>
<p>For what it’s worth, I like it, in part because it seems to me to be a throwback to the old spectacular, emotional, over-the-top-but-in-a-good-way ad, best seen at normal speed on a huge screen preferably with a beer in hand. Beats running any day.</p>
<p>I also like the new UK John Lewis/Waitrose <a href="https://www.bing.com/videos/search?q=john+lewis+commercial+bohemian&amp;view=detail&amp;mid=8781ED903365B9F843C28781ED903365B9F843C2&amp;FORM=VIRE&amp;cc=GB&amp;setlang=en-GB&amp;cvid=9c9756b5e4ad46b197b3b304e5f8dba7&amp;qs=SW&amp;nclid=6AC63DC5459E1CFC12935A04D09276B2&amp;ts=1536750472919">‘Bohemian Rhapsody’</a> ad, and for much the same reason. That too has <a href="https://mediatel.co.uk/newsline/2018/09/11/i-love-john-lewis-but-why-should-i-shop-there/">been criticised</a> for not including pragmatic reasons to shop at John Lewis or Waitrose.</p>
<p>Like them or loathe them, both are examples of long-term brand building ads, a species we are in danger of driving to extinction in the stampede for immediate returns. It’s depressing that some are using short-term measures to explain the effect of the Nike ad.</p>
<p>The time will come to analyse its true worth; it’s just not yet.</p>
<p>We talk a lot about long-term v short term, but there’s also the obvious and associated difference between brand and product.</p>
<p>In 1993, Mark Pendergrast wrote an excellent book called ‘For God, Country and Coca-Cola’, an ‘unauthorised history of world’s most popular soft drink’.</p>
<p>In an Appendix at the end Pendergrast details the famous Coke formula (there are a couple of versions, with minor differences).</p>
<p>He then quotes the following exchange with one of those interviewed from Coke:</p>
<p>“What are you going to do with the formula (if I happened to give it to you)?”</p>
<p>“Well, I’d put it in my book…somebody might decide to go into business in competition with The Coca-Cola Company.”</p>
<p>“And what would they call their product?”</p>
<p>“Well, they couldn’t call it Coca-Cola because you’d sue them. Let’s say they call it Yum-Yum, and they strongly imply …. that Yum-Yum is actually the original Coca-Cola formula.”</p>
<p>“Fine. Now what? … We’ve spent a hundred years and untold amounts of money building the equity in that brand name. Without our economies of scale and our incredible marketing system …. they would have to charge too much. Why would anyone go out of their way to buy Yum-Yum which is really just like Coca-Cola but costs more, when they can buy the Real Thing anywhere in the world?”</p>
<p>Brands are worth a lot more than products. Once you allow consumers the brain-space, the latitude to deconstruct Coke into its component parts the brand has a huge problem.</p>
<p>Once Nike becomes just a pair of sneakers without any emotional sense (however illogical) that buying them will somehow turn you into a principled athlete; or John Lewis is seen as just another supplier of white goods without the emotional sense built over years of advertising that somehow buying a fridge from them is in every sense a safer, more reliable experience; then those brands have a problem too.</p>
<p>Great advertising (along with other channels) can build brands. Done well, it’s worth every penny; done badly it’s a waste of time.</p>
<p>The whole point of commissioning advertising from advertising professionals is that they shorten the odds on getting it right.</p>
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		<title>White Smoke from WPP</title>
		<link>https://www.bjanda.com/blog/white-smoke-from-wpp/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 07 Sep 2018 13:46:34 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1106</guid>

					<description><![CDATA[I don’t know Mark Read which I would estimate puts me in the same position as 99% of those offering him advice on how to do his job as the newly appointed CEO at WPP. Since Sir Martin Sorrell left WPP back in April there has been much fevered speculation over who would succeed him. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I don’t know Mark Read which I would estimate puts me in the same position as 99% of those offering him advice on how to do his job as the newly appointed CEO at WPP.</p>
<p><span id="more-1106"></span>Since Sir Martin Sorrell left WPP back in April there has been much fevered speculation over who would succeed him. Many names were mentioned, picked over, and spat out but as far as I can recall only Read was seen as a viable internal candidate.</p>
<p>WPP is a complex business made up of overlapping and even conflicting companies, built at a time when client requirements from their marketing service partners was in a very different place.</p>
<p>Back then, size was everything (hence GroupM). The prevailing belief was based on the famous belief that ‘no-one got fired for hiring IBM’. Most Boards knew nothing of communication channels (for appearing on, not consuming), research (boring but worthy), marketing (pink, fluffy and unaccountable), advertising (pink, fluffy, unaccountable and expensive), online (incomprehensible) or social media (something to do with the grandkids).</p>
<p>Courtesy of Sorrell the whole industry became more important, more serious, worthy of being if not understood then at least being part of the conversation.</p>
<p>Just think back to a time when the face of advertising was either someone faceless and American, or Charles Saatchi. It may have been better, or worse back then (take your pick) but it was certainly different, and it was WPP and in particular Martin Sorrell who drove the change.</p>
<p>Now we are where we are, with WPP facing client defections, their media operations losing competitively to (in particular but not exclusively) Omnicom, and with several important long-term figures retiring or leaving.</p>
<p>Furthermore, the complicated three-dimensional chess game of handling client businesses across multiple opcos, covering diversified disciplines whilst managing individual P&amp;L’s (‘horizontality’ as Sir Martin had it) hasn’t really worked.</p>
<p>However, underpinning everything is the fact that WPP still has multiple, sizeable assets. Sure, some may not be as central as all that to any kind of common aim, and some have already been divested (with no doubt more to come) but the group is still mightily impressive.</p>
<p>Everyone knows that the industry is changing and continues to change. Everyone knows that marketers need help navigating the change and thus putting themselves in a position to take advantage of all the opportunities out there both today and emerging in the future.</p>
<p>It stands to reason that what is needed is to refocus WPP on how to make the most of the core assets it has to serve their clients better over this time of change. Which is a huge strategic question.</p>
<p>I don’t know Mark Read but the one thing I do know about him is his reputation as a brilliant strategist. He’s an insider who understands a complicated business, which will save a lot of time at just the moment when the business doesn’t have much time to waste.</p>
<p>He seems a great choice, who ticks all the boxes. I bet he’ll be relieved to receive an endorsement from still someone else he’s never heard of.</p>
<p>&nbsp;</p>
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		<title>The Meaning of Integration</title>
		<link>https://www.bjanda.com/blog/the-meaning-of-integration/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 30 Aug 2018 14:39:04 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1103</guid>

					<description><![CDATA[25 years ago almost to the day I sat in the boardroom at the Leo Burnett building on West Wacker, Chicago trying to persuade Cathay Pacific to extend the agency’s relationship with them beyond traditional advertising. At the time Burnett were embarked on a network-wide initiative they called ICS, which was all about trying to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>25 years ago almost to the day I sat in the boardroom at the Leo Burnett building on West Wacker, Chicago trying to persuade Cathay Pacific to extend the agency’s relationship with them beyond traditional advertising.</p>
<p><span id="more-1103"></span>At the time Burnett were embarked on a network-wide initiative they called ICS, which was all about trying to access advertisers’ marketing budgets as opposed to limited themselves to that portion accounted for by advertising.</p>
<p>The agency’s case to Cathay encompassed ticket wallets, anti-macassars and other on-board materials, airport presence, mails, travel agent collateral (remember travel agents?) and even touched on the planes’ livery (anyone remember Mary Wells?).</p>
<p>There was nothing wrong with this idea in principle – everything communicates and if everything could be persuaded to say roughly the same thing in the same way then that surely is to the good. We would be taking 2 + 2 and making 5, at least.</p>
<p>Even though it was a long time ago I can remember the client’s reaction to the agency’s pitch as if it was yesterday. In effect he said that yes he understood the concept, yes he bought the fact that a big idea should drive not only all ads but all communication between the airline and its customers, and yes making 2 + 2 equal 5 would be very nice but he wanted to make one point.</p>
<p>Which was – he had proven partners who made the anti-macassars and designed all collateral material. Why would Burnett do it any better? In fact why would we be even as good as those he currently worked with? He concluded that he would consider our proposal if we were at least as good; we didn’t have to be better, just as good and with respect he didn’t really see why one or two frontmen with a title and an ambition would be as good executionally as his current, proven, specialist suppliers.</p>
<p>No-one has any problem with the idea of integration, indeed in this complicated world the whole concept is more valuable than ever, but it’s important to look beyond the concept to the execution.</p>
<p>Agencies that are very good at one thing – say, ATL, traditional creative work – are not necessarily that great at native advertising, or social. They might be excellent at more than one discipline, but they are unlikely to be great across the gamut of communication opportunities.</p>
<p>If you’ve sat through a credentials presentation from a PR agency you might well think you’re in a media agency pitch from 10 years ago. The fact that the PR world has discovered audiences and audience and related marketing datasets is great news for the PR industry, but it’s rather old hat for many in the media agency business. You don’t find PR agencies responsible for overall comms strategy.</p>
<p>Similarly ask a media agency about their PR capabilities and you’ll be similarly underwhelmed.</p>
<p>Holding companies and how they work across disciplines, even when they own the practitioners involved is at best a work in progress (RIP horizontality).</p>
<p>When a client talks about integration, he means working with the best talent wherever that talent is housed. When an agency, or holding group talk it they mean: ‘give us it all and we’ll make it easy for you’.</p>
<p>Compromising on quality for ease of execution is at the heart of many disappointingly ineffective marketing campaigns.</p>
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		<title>Where Did It All Go Wrong, George?</title>
		<link>https://www.bjanda.com/blog/where-did-it-all-go-wrong-george/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 22 Aug 2018 12:23:48 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1100</guid>

					<description><![CDATA[There’s an anecdote about the great Irish footballer George Best. He was lounging in a hotel bedroom with the then current Miss World waiting for room service. The waiter arrived with the ordered champagne. Entering the room and seeing two naked figures, at least one of whom he recognised he is said to have shaken [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There’s an anecdote about the great Irish footballer George Best. He was lounging in a hotel bedroom with the then current Miss World waiting for room service. The waiter arrived with the ordered champagne. Entering the room and seeing two naked figures, at least one of whom he recognised he is said to have shaken his head: ‘Oh George, where did it all go wrong?’</p>
<p><span id="more-1100"></span>Back in the day, media people in full-service agencies suffered from a lack of understanding and recognition. Entrusted with spending huge chunks of budget they (we) not un-naturally felt that the focus on creative above all else was at best imbalanced and at worst irresponsible.</p>
<p>If only the media people were in charge…</p>
<p>Well, we got our way. The rise of the media agencies, the obsession with lowering media costs, the profits swollen by grey income, and the appearance of a media form understood by the few and yet lauded by the many has got us to where we are.</p>
<p>And where we are is really not all that great. So where did it all go wrong?</p>
<p>Holding companies became their media agencies’ clients. Real clients became the means to an end, not the end in itself. The end was delivering profit to the holding companies and as long as clients didn’t ask (most of them didn’t) where their money was being spent, that was as easy as shelling peas.</p>
<p>So now we have to live with the consequences of which there are several.</p>
<p>First, clients are wising up courtesy of the ANA, the WFA, Jon Mandel, Ebiquity, IDComms, K2 and others.</p>
<p>Second, the pathetic reaction of some of the network agencies that this whole thing is a conspiracy made up by people who really don’t understand ‘the real world’ is about to vanish if the <a href="https://www.campaignlive.co.uk/article/fbi-probes-media-trading-practices-us/1485088">‘Campaign’ scoop</a> of a few weeks ago that the FBI is now involved turns out to be true.</p>
<p>Third, an alternative has appeared in the form of the management consultancies (we may as well use the plural, Accenture are not going to be alone for long). The agencies over-hyped data capabilities are now under threat – from people who genuinely have these capabilities and in spades.</p>
<p>Fourth, increasing numbers of advertisers are taking elements of the media role in-house, preferring not to hand their data over to a supplier who may well turn out not to be a long-term partner.</p>
<p>Those who focused on rebates over clients’ needs brought the industry to the brink of disaster.</p>
<p>Step one, as with everything is to recognise the problem. Just as the big network agencies caused this mess, so they can bring the sector’s reputation back from the brink. Stephen Allen’s ‘Campaign’ <a href="https://www.campaignlive.co.uk/article/mediapalooza-ii-why-change-painful-ultimately-good-us/1490767?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20180822&amp;utm_content=Campaign%20Media%20(166)::www_campaignlive_co_uk_ar_5&amp;email_hash=">piece here</a> is a good start in recognising that the breakdown of trust caused in large part by the whole transparency debate is forcing change within agencies.</p>
<p>Pulling back from the brink is quite possible if the media agencies put their undoubted skills to work to benefit their clients ahead of everything else.</p>
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		<title>In With The Old</title>
		<link>https://www.bjanda.com/blog/in-with-the-old/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 10 Aug 2018 06:38:44 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1096</guid>

					<description><![CDATA[It is a common mistake to ignore history. We all do it, only realising it in later years when what is paraded as the latest thinking starts to look eerily familiar. Those of us who have been doing media for far longer than we care to recall learnt the basics of how advertising works and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It is a common mistake to ignore history. We all do it, only realising it in later years when what is paraded as the latest thinking starts to look eerily familiar.</p>
<p><span id="more-1096"></span>Those of us who have been doing media for far longer than we care to recall learnt the basics of how advertising works and how smart creative and media thinking can make it work better from whoever was kind enough to sit us down to explain such things (Norman Berry and Simon Broadbent in my case).</p>
<p>My generation was lucky. Our ignorance of the past was largely hidden, only uncovered by those prepared to trawl through what was then a limited trade press for whatever ill-informed comments we might have made. We could be foolish in relative anonymity.</p>
<p>Today’s leading lights aren’t so lucky. They have the monster of social media to feed, and although it is of course correct to point out that they don’t have to keep on posting that’s a little like telling an alcoholic that he really doesn’t have to have that last drink.</p>
<p>It’s as if the smart thinkers don’t exist even in their own heads unless they keep telling us how smart they are – and that (I can imagine) is a stressful thing to have to keep on doing.</p>
<p>These thoughts were prompted by a couple of posts from that water sprinkler of random thoughts Tom Goodwin from Zenith, although Tom Goodwin from Tom Goodwin Inc might be more accurate.</p>
<p>Here’s what Tom posted:</p>
<p>“It’s really weird that at the age of 39, I feel old in advertising. It’s a terrible thing. Where is the wisdom (I’m now old enough to know I need) to do my job and don’t have around me?”</p>
<p>Then, a few days later:</p>
<p>“It’s weird how much in marketing we talk about tech changes and how little we talk about societal and demographic shifts. Like how old people are far healthier for longer, how many single kid households there are, how old people have all the money now, how long people now live with parents. That sort of stuff gets shouted out by (how) Chatbot or blockchain or voice will kill brands nonsense.”</p>
<p>The second post was responded to by several practitioners, including Danny Donovan from MediaCom who pointed out that this is exactly what planners do. Danny also made the point that Tom’s use of the word ‘we’ is telling.</p>
<p>I agree with Danny. I think implying that ‘we’ don’t take account of such basics in planning suggests a divide between those who grew up in a planning environment pre-online, and those to whom ‘media’ equals online and anything not connected to short-term results is old-hat.</p>
<p>The focus on short-termism and meaningless social media metrics is damaging (Tom regularly calls this out, to his credit) and is related to this. Of course, activities generating short-term responses have a role but any benefit needs to be seen within the context of how advertising works to build brands.</p>
<p>There’s a need for the younger generation of media professionals to recognise that they could learn from the past, as opposed to mocking it.</p>
<p>Maybe someone should establish a series of master-classes run by real-life media legends? A sort-of media version of the Travelling Wilburys. Without the travelling bit. Or the music bit.</p>
<p>Sign up here.</p>
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		<title>Facebook, Fake News and Research</title>
		<link>https://www.bjanda.com/blog/facebook-fake-news-and-research/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 Jul 2018 07:54:15 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1091</guid>

					<description><![CDATA[Facebook hasn’t exactly got a stellar reputation when it comes to numbers. Even the most rudimentary statistics (like how many people are on the platform) seem prone to what might perhaps politely be termed ‘a degree of variation’. But it’s one thing issuing numbers that turn out to be incorrect, it’s quite another to set [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Facebook hasn’t exactly got a stellar reputation when it comes to numbers. Even the most rudimentary statistics (like how many people are on the platform) seem prone to what might perhaps politely be termed ‘a degree of variation’.</p>
<p><span id="more-1091"></span>But it’s one thing issuing numbers that turn out to be incorrect, it’s quite another to set out to mislead.</p>
<p>A few weeks ago, Facebook launched Prime Time Anytime at a major ‘Video Effectiveness’ event that brought together, and I quote: “The brightest minds in research, insights and product to share information that will help advertisers and agencies drive brand performance on and off of Facebook and Instagram.”</p>
<p>Two of these brightest minds <a href="https://www.facebook.com/business/news/prime-time-anytime?sc=em.mkto&amp;mb=fbb&amp;mp=fbb&amp;scn=fw.fbb-nl.fbb-nl-jul2018&amp;mid=fw.fbb-nl.fbb-nl-jul2018.uk-news-primetime-anytim.5487&amp;wfid=&amp;mkt_tok=eyJpIjoiTkRRMlpXTmlabUV6TURWaCIsInQiOiJ4MEdBNW5MUEVHM2dKYkwwOVZacGdCQ1NmY1RvWHRHOVM0eGkzMmNZYnV3a0NBeUMyRjBudHFScmkzVW0yRENRM3Q2OGZqXC9abDdZNGMyNnN0K096ZHZ2ekZ1OU5lUGFiXC9EVFdlRWx3UW9EZmZWdHFsREQ3NTJaZWF4S1JMTTVpIn0%3D">shared the results</a> of an eye-tracking study designed to provide insights into how viewers’ attention vacillated between what was on the TV and what was on the mobile device in front of them.</p>
<p>So far, so … well, OK. Participants were of course aware that they were being monitored so their actions might have been a tad un-natural (as the study’s author, Professor Jonathan Freeman admitted). And the sample was biased young – something FB stated but didn’t explain what if anything they had done about it. And ‘eye tracking’ suggests the sort of work Lumen have pioneered that tracks eye movements across a screen. This was more ‘head tracking’. It had nothing to do with how respondents’ eyes move over a screen.</p>
<p>Where things did though cross the line between something interesting if not quite as interesting as all that, to something plain wrong came when Greta Baisch of Facebook tried to equate attention levels (defined by ‘eye’ movements) with viewability as defined by the IAB’s famous and indeed fatuous ‘50% in view for at least 2 seconds’ rule. Actually, they didn’t even do that – the 50% in view bit was dropped to focus on the 2 seconds part of the equation.</p>
<p>Greta’s explanation, almost embarrassing to watch was that 30% of all TV ads get no visual attention at all. Nothing here on audio by the way – despite the fact that even the most junior marketer will be aware that TV is an audio-visual medium.</p>
<p>Then she moved on to say: “If you wanted to apply a like-for-like comparison you could probably argue” that only 60% of TV ads make it to the 2-second level applied to online video.</p>
<p>Greta’s coyness suggests that she could sense her research credibility falling even as she went through what sounded like a speech where the PR angle trumped research.</p>
<p>It might be worth pointing out the weaknesses in her argument:</p>
<ul>
<li>Facebook confuse attention on the screen with viewability. They are not the same thing.</li>
<li>Facebook went on to compare exposure to ads on a TV set with exposure to content, of whatever type on a mobile device.</li>
<li>Facebook do not mention the IAB’s 50% principle. 100% of an ad seen on a TV set is viewable.</li>
<li>If Facebook had really wanted to make a comparison of any sort then surely it should have been between ads on TV, 100% viewable, with ads on FB on mobile screens, also at the 100% viewable level.</li>
</ul>
<p>Sadly, it seems that Facebook prefers to confuse by false comparisons, rather than shed light on how to use complimentary media forms in concert. No-one is going to argue that social media and TV can’t work well together.</p>
<p>In case I was missing something, I asked my favourite brightest research mind Richard Marks. Here’s what he said: “The key conclusion Facebook draw is that ‘the assumption that TV ads are 100% viewable doesn’t add up’.  That may well be the case, but it’s a logic leap as this project focuses not on viewability but attention.”</p>
<p>In the UK FB are currently running a campaign on OOH and within the dead tree media stating: ‘Fake News Is Not Our Friend.’</p>
<p>Fake research comparisons, on the other hand…</p>
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		<title>What Are We Like?</title>
		<link>https://www.bjanda.com/blog/what-are-we-like/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 11 Jul 2018 09:15:58 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1088</guid>

					<description><![CDATA[Trinity Mirror’s insight team, working with House51, the strategic consultancy has produced an interesting piece of work called ‘Why we shouldn’t trust our gut instinct’. This looks at the behaviours and opinions of what the authors describe as ‘the people who populate adland’ as against those out there in the wider world. They’ve found differences [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Trinity Mirror’s insight team, working with House51, the strategic consultancy has produced an interesting <a href="https://www.trinitymirrorsolutions.co.uk/sites/default/files/2018-07/TMS%20Why%20We%20Shouldn%27t%20Trust%20Our%20Gut%20Instinct%20White%20Paper.pdf">piece of work</a> called ‘Why we shouldn’t trust our gut instinct’. This looks at the behaviours and opinions of what the authors describe as ‘the people who populate adland’ as against those out there in the wider world.</p>
<p><span id="more-1088"></span>They’ve found differences – which should surprise no-one. As the authors point out: ‘Most of us working in the advertising industry would be aware and accept that we’re a bit different from the majority of the people we target our advertising to.’</p>
<p>The study has generated a lot of press – quite right too. It’s always good to be exposed to research that makes sense;there is certainly a tendency for some agency people to assume that everyone behaves just like them.</p>
<p>But is it really true that the industry as a whole is so out of touch with those with whom we communicate? I suspect it’s not quite as simple as that; that there are differences by sector and that therefore the implications vary as well.</p>
<p>The authors talk of people in ‘adland’. But the study’s sample (as is made very clear) is something different. The ‘adland’ sample consists of 150 people in media-agency-land – at best a subset of the advertising industry and (I would argue) not a particularly representative one at that.</p>
<p>Media agency people don’t by and large create ads. They’re not account planners responsible for using data to generate creative briefs. A fair few (it’s not made clear what proportion in the white paper) are most likely not planners. What they do as we all know is make decisions on how and in what numbers people in the so-called real world use media forms.</p>
<p>I’m not sure it’s fair to say that account people, creative teams and most especially planners are as far removed as media agency folk from those they seek to influence. I say I’m not sure because the white paper doesn’t cover adland in the round.</p>
<p>Agencies may sometimes be guilty of unrepresentative and inappropriate casting, which is certainly regrettable, but account planners are after all there to represent the voice of the target consumer in the agency. I’m not sure they universally get it so reliably wrong.</p>
<p>When Trinity Mirror says: ‘Marketing and advertising is supposed to be all about human insight’, a sentiment all can agree with, and ‘a deep understanding of what matters to, and motivates, people out there in the real world is the basic currency that we trade’ it’s worth remembering that they’re basing what they interpret as the industry’s failings on the views of 150 media agency people. Not creative people, not marketers, not account planners. Not necessarily even comms planners.</p>
<p>What the Trinity Mirror work does highlight is the distance between media agency people and the outside world when it comes to how real people consume media channels. The sense that there is general excitement over the latest shiny thing or the impact of the latest in precision targeting may well apply to media agency executives but it’s much less apparent ‘out there’.</p>
<p>This is not a new finding. Kantar Media’s <a href="https://www.kantarmedia.com/dimension/en?r=true">Dimension study</a>, that compares and contrasts the attitudes and behaviours of ‘connected consumers’ with what are referred to as ‘industry leaders’ (from all sides of the industry) is one other example where the gap has been highlghted.</p>
<p>Media agency people are programmed to think first and foremost about numbers, how many do a certain thing. Creative people think more about emotions and how and why people do things.</p>
<p>The importance of the Trinity Mirror work is that it will encourage those in media agencies to think more about the softer, more ‘creative’ values inherent in communications planning, alongside their more usual habitat of numbers.</p>
<p>Planning needs to come more to the fore in media agencies as buying becomes increasingly discredited and indeed automated. The more people like Trinity Mirror and House51 provide support for that line of thinking the better.</p>
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		<title>Castles in the Air</title>
		<link>https://www.bjanda.com/blog/castles-in-the-air/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 04 Jul 2018 09:29:06 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1085</guid>

					<description><![CDATA[Last week’s Cog Blog post referred to Newsworks’ upcoming Effectiveness Summit, which has now upped and come. And very good it was too. Attending these events does though make me feel old, and rather too aware of the futility of unsupported ideas. In his book ‘Walden’ the 19th Century American philosopher Henry David Thoreau wrote: [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s <a href="http://www.bjanda.com/blog/the-ozone-layer/">Cog Blog post</a> referred to Newsworks’ upcoming Effectiveness Summit, which has now upped and come. And very good it was too.</p>
<p><span id="more-1085"></span>Attending these events does though make me feel old, and rather too aware of the futility of unsupported ideas. In his book ‘Walden’ the 19<sup>th</sup> Century American philosopher Henry David Thoreau wrote: ““If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.”</p>
<p>Listening to the excellent presentations from those on stage at the Newsworks event those of us of a certain vintage couldn’t help but think: ‘Of course, it’s as I have always thought’</p>
<p>It’s rather like my favourite definition of a great strategic planner – he or she states the bleeding obvious, but (and here’s the reason why (s)he’s doing it and I&#8217;m not) I know I would never have come up with the solution.</p>
<p>Take the points made by Mike Follett of Lumen Research, a pioneer of eye tracking research and (here’s a novelty) its practical use in understanding how people consume media. To paraphrase – to say that an ad is viewable is not the same as stating that an ad that has been viewed. A viewable ad is useless unless someone views it. And the degree to which something is viewed varies by vehicle, format and (no doubt) other factors like time-of-day and frequency of past exposures.</p>
<p>A viewed ad might also be worthless of course, but the media people have done their bit in ensuring that at least it was viewed before it was rejected.</p>
<p>Or Newsworks’ CEO, Vanessa Clifford making a plea that we should all stop referring to ‘digital’ as a media form. After all, as she pointed out it makes as much sense to describe ‘paper’ as a media form. Paper is involved in a number of media forms, from ‘The Sun’ to ‘Vanity Fair’ and on to many out-of-home sites. No-one would say they were all the same, so why pretend that digital is digital is digital? Sites vary – of course they do.</p>
<p>And, finally Patrick Smith of British Gas on how his organisation has used a variety of sources, including Lumen to optimise his digital media buy by using those vehicles with long dwell times and (thus) engaging content. That sounded familiar too.</p>
<p>Years back the great Phil Gullen at Carat persuaded a beer client to take one area of the UK and base their TV buys on quality of exposure, not just audience. The result? A successful outcome in terms of brand metrics; fewer ratings and a higher than average cost-per-thousand. The audit results (at the time auditors were all about cost at all cost) helped put an end to that experiment.</p>
<p>Context matters. An ad placed within engaging content, something the targeted consumer wishes to read, always wins over an ad placed somewhere inappropriate. Yes, ‘inappropriate’ covers the obviously unacceptable, but it also covers places where the consumer happens to be because he is busy doing something else (like buying goods on eBay).</p>
<p>This has always been the case. Place an ad in amongst high traffic editorial (high traffic by those you wish to reach), or within engaging TV programming and you’re shortening the odds on your success.</p>
<p>Somewhere along the way those with no idea as to the basic principles of media planning, got side-tracked into believing snake oil salesmen peddling nonsense numbers. Very big nonsense numbers, it should be said.</p>
<p>As the man said, castles in the air are all well and good but to last they need foundations. Good on Newsworks, and their collaborators for doing the laying.</p>
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		<title>The Ozone Layer</title>
		<link>https://www.bjanda.com/blog/the-ozone-layer/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Jun 2018 09:24:26 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1081</guid>

					<description><![CDATA[For some while now there has been talk that the UK’s major publishers need to collaborate in some way to compete with the likes of Facebook and Google. The case is obvious – ad revenue has been migrating to platforms who have managed the impressive con trick of persuading content creators to provide them with [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>For some while now there has been talk that the UK’s major publishers need to collaborate in some way to compete with the likes of Facebook and Google. The case is obvious – ad revenue has been migrating to platforms who have managed the impressive con trick of persuading content creators to provide them with material at a fraction of its worth.</p>
<p><span id="more-1081"></span>Various attempts have been made – there was the much-publicised Project Juno which kept changing its name as publishers dropped out, but none has really made it.</p>
<p>Last week at Cannes, The Guardian, News UK and The Telegraph <a href="https://www.campaignlive.co.uk/article/news-uk-telegraph-guardian-offer-joint-digital-ad-sales-ozone-project/1485523">announced</a> the launch of Ozone, a digital sales platform that will offer advertisers “advertising in a quality environment at scale” (to quote Robin O’Neill, Digital Trading Director at Group M).</p>
<p>All good – brand safety is a hot topic, providing verifiable placements in environments measured by the industry via an approved mechanism is certainly needed as an option against the likes of Facebook.</p>
<p>But there are questions. This is after all a blog, not a press release.</p>
<p>First, the three publishers were at pains to point out that this initiative is what advertisers want. Well, up to a point Lord Copper. Advertisers also want simplicity, so anything that divides digital from print is not ideal. Such a division plays into the silo-ed approach of the agencies as opposed to the more integrated aim expressed by many advertisers.</p>
<p>It’s also not only advertisers who are all for an integration between digital and print. Newsworks, the newspapers’ own trade association has done <a href="http://www.bjanda.com/blog/newsworks-joins-the-effectiveness-party/">great work</a> promoting the benefits of print plus digital formats. What’s the point of saying one thing and then making it harder to deliver to it? Separation seems to play to an agenda of separating planning from buying at a time when the aim should be for greater collaboration.</p>
<p>Next, why has no-one mentioned Pangaea? It seems only yesterday that ‘The Guardian’ was promoting this alliance, before <a href="https://www.campaignlive.co.uk/article/pangaea-alliance-picks-cnn-lead-appnexus-tech-partner/1449225">handing the lead</a> over to CNN International less than 8 months ago. ‘The Guardian’ is (or was then) still very much part of Pangaea.</p>
<p>So if you want to book digital space in ‘The Guardian’ you will it seems be able to do it three ways – direct, via Pangaea, or via Ozone. Good for agencies who will no doubt divide and rule, not so good for advertisers who presumably will have to pay somewhere along the line for the time spent exploring all three options.</p>
<p>Then, as Dominic Mills has pointed out <a href="https://mediatel.co.uk/newsline/2018/06/25/the-cannes-selection-stuff-from-down-south-to-discuss/">on Mediatel</a> why on earth launch such an initiative at Cannes? Too much noise (not least from the platforms), too many distractions, too little notice taken of what is at the end of the day a parochial media sales notion without a CEO.</p>
<p>What’s weirder is that next week news-brands will be in the news as a result of Newsworks’ Effectiveness Summit. It might have made a lot more sense to link this sales initiative into the effectiveness work.</p>
<p>Finally, who thinks up these names? Pangaea was a super-continent that broke apart around 175 million years ago. We all know that the Ozone layer protects the Earth’s atmosphere. We also know that we seem intent on weakening it.</p>
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		<title>HP Sauce</title>
		<link>https://www.bjanda.com/blog/hp-sauce/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 21 Jun 2018 09:58:29 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1079</guid>

					<description><![CDATA[No, I’m not in Cannes, thanks for asking. One of the advantages of being your own boss is that you can choose to avoid such colossal bullshit-fests. Of course, there are diamonds in amongst the rubbish but I’m at that stage where I prefer to read about them. I would rather watch the World Cup [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>No, I’m not in Cannes, thanks for asking. One of the advantages of being your own boss is that you can choose to avoid such colossal bullshit-fests. Of course, there are diamonds in amongst the rubbish but I’m at that stage where I prefer to read about them. I would rather watch the World Cup on telly too.</p>
<p><span id="more-1079"></span>One of the absolutely-not-diamonds popped up from HP Inc’s CMO, Antonio Lucio in <a href="http://www.businessinsider.com/the-cmo-of-hp-inc-is-calling-time-on-the-traditional-ad-agency-model-2018-6?r=US&amp;IR=T&amp;IR=T">an interview</a> with Business Insider. To be fair some of what he had to say made a lot of sense, such as the five criteria his partner agencies need to provide:</p>
<p>“They need to bring data expertise to the table, and they need strong analytical capabilities. They need to be able to produce meaningful content. (They need) legitimate programmatic ad buying capabilities. And they need to be able to track how advertising impacts business.”</p>
<p>And that four of these five are right up the street of the large management consultancies.</p>
<p>Where we part company is Lucio’s assertion that it’s pretty easy to get ads made: “When it comes to getting ads made, brands can increasingly shop around without making a big agency commitment. &#8220;It is so friggin&#8217; easy to get it from anywhere.&#8221;</p>
<p>This is exactly where things have gone wrong. Collect and organise the data and do all the fancy analytics, tick. Sort out a transparent and efficient media buying operation, tick. Measure results, tick.</p>
<p>All good, all unarguable, but there’s an ingredient missing and it’s wrong to believe that you can buy that from some corner shop. The magic bit, the idea, comes as we all know from hard graft, from data and analytics certainly but far more than that it comes from a genius human.</p>
<p>There are no successful campaigns that get everything right except the idea. There are masses of successful campaigns that are based on brilliant creative, whatever the media buy and whatever the analytics.</p>
<p>And of course there are a few that combine everything successfully; they’re the ones we remember, and the ones that rightly win the awards.</p>
<p>You might ask yourself how many campaigns you remember from HP Inc.</p>
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		<title>Accenture, Audits, Agencies</title>
		<link>https://www.bjanda.com/blog/accenture-audits-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Jun 2018 15:40:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1075</guid>

					<description><![CDATA[A few weeks ago we featured an interview given by Mark Read, now joint COO at the post-Sorrell WPP in which he stressed the importance of the group focussing more on clients and less on internal matters. We made the point that that sentiment may be obvious, but it needed saying.In the light of that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><a href="http://www.bjanda.com/blog/wpp-and-sir-martin-sorrell-now-what/">A few weeks ago</a> we featured an interview given by Mark Read, now joint COO at the post-Sorrell WPP in which he stressed the importance of the group focussing more on clients and less on internal matters.</p>
<p><span id="more-1075"></span>We made the point that that sentiment may be obvious, but it needed saying.In the light of that thought it’s worth revisiting the fuss the agencies (certainly not just GroupM) made around what many see as a conflict of interest in Accenture entering the programmatic media buying business.</p>
<p>We’ve been here <a href="http://www.bjanda.com/blog/accenture-conflict-or-competition/">before</a> – only two weeks ago, but it’s interesting to take a look at some of the language the agencies use.</p>
<p>Here’s Stephen Allan, Worldwide Chairman and CEO of MediaCom: “You can’t ask for money to pay the piper and then play the tune yourself.” And, “As someone who now competes with one part of the company, I would be extremely reluctant to provide MediaCom’s proprietary data to another part.”</p>
<p>The first bit you could hardly make up. A media agency suggesting it is not acceptable to ask for money from someone (oh, I don’t know, like a media owner possibly?) and then be seen as objective (as in planning a campaign potentially featuring said media owner, perhaps?).</p>
<p>It may be hypocritical but that first part is hardly news. The second quote from Stephen’s article is more revealing.</p>
<p>On the one hand (you can read this sentence two ways) I can see Stephan’s point. Imagine yourself as an agency in a pitch, run by Accenture on behalf of a client. An element of the brief asks for a demonstration of a particular suite of tools, or skills that are particularly relevant.</p>
<p>What’s to stop Accenture pitch management handing every agencies’ secret sauce over to Accenture programmatic? Aside of course from a strong ethical sense; a series of well-placed firewalls; a desire not to put at risk any business the wider Accenture might have with that client; and the very real threat that such behaviour would soon lead to the entire organisation becoming known as untrustworthy and as leaky as a very leaky bucket.</p>
<p>Serious reputational damage, in other words. Network agencies should recognise that threat.</p>
<p>And that’s before we even get to the reality that most agencies’ secret sauce is hardly secret (staff churn rates being what they are); and that nobody ever enters a pitch presentation with so much technical detail on display as to make whatever it is worth nicking for the purposes of ripping it off.</p>
<p>There is though another way of reading this sentence, that has been reflected in public comments from other agencies too. And that meaning is that a client audit of the agency’s work is something the agency can decide not to participate in.</p>
<p>WPP has form here. An age ago, as referenced in this post from February 2014 Xaxis formally <a href="http://www.bjanda.com/blog/when-keeping-it-in-the-family-can-become-incestuous/#more-285">refused to agree to be audited</a>. And WPP threatened legal action against the auditor Ebiquity because a WPP agency had mistakenly sent some confidential material to the auditor. I know, weird.</p>
<p>Any service organisation can of course refuse to collaborate in any request from any client.</p>
<p>A local media agency can always say to its local client: ‘We understand your desire to audit your media spend; we appreciate that you have been through a rigorous competitive process in which client confidentiality has been front and centre, and that you’ve come out the other end selecting Accenture as your auditor. But our global CEO has decreed that they’re not acceptable to us as the guardian of your budgets and thus we won’t be supplying them with any information relating to the way we’ve chosen to spend your money.’</p>
<p>The fact is though if they say that the client probably won’t be a client for long. Which is why this conversation tends not to take place.</p>
<p>It might be an idea for agencies to focus on their clients and on doing the job so many do so well and to stop boxing shadows.</p>
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		<title>Sir Martin Sorrell and the Paperclip</title>
		<link>https://www.bjanda.com/blog/sir-martin-sorrell-and-the-paperclip/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 08 Jun 2018 13:36:30 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1073</guid>

					<description><![CDATA[‘Advertising is a people business’ and ‘The assets go up and down in the lift each day’ are two of the most popular clichés around. Even (or especially) in this programmatic world and the launch of Accenture Interactive’s media operation – something that incidentally seems to be happening without a huge media name at the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>‘Advertising is a people business’ and ‘The assets go up and down in the lift each day’ are two of the most popular clichés around. Even (or especially) in this programmatic world and the launch of Accenture Interactive’s media operation – something that incidentally seems to be happening without a huge media name at the top of it.<span id="more-1073"></span></p>
<p><a href="http://www.bjanda.com/blog/accenture-conflict-or-competition/">As we said last week</a> the huge media names were either harrumphing about how unfair it is that their monopoly on conflicts of interest was being challenged by a big bad wolf from a different part of the forest or were (in the case of our-man-with-his-finger-on-the-industry’s-pulse Jerry Buhlmann) in denial that Accenture were entering the fray at all.</p>
<p>Meantime great excitement around Sir Martin’s move to re-enter our world (aahh we’ve missed him over the last … what is it 6 weeks?) by acquiring a shell company, renaming it S4 and conjuring around £150 million from it seems nowhere.</p>
<p>This bit is of course straight out of Chapter 1 of the WPP Playbook, so it might be worthwhile taking a quick trip down memory lane.</p>
<p>WPP Part One was all about buying creative agencies. Why? Well, creative agencies weren’t the best managed businesses in the world and a financial genius would be able to knock them into shape via a holding company.</p>
<p>Part Two was all about buying media agencies. Why? Media was all about volume – big was better than small. More discounts, better base rates, bigger kickbacks. So very big, via a holding company was bound to be better than big.</p>
<p>Part Three was about buying research businesses. Why? Research and knowledge drove media and creative excellence and there must be economies of scale to be had in such as fieldwork, analytics etc.</p>
<p>All of these elements could be shaped, paperclip-like to Sir Martin’s vision of a one stop holding company providing everything the discerning advertiser could possibly require.</p>
<p>Over time though the paperclip became a rod, and then a girder. And girders don’t bend (or not easily). The business as a whole became less agile, less able to be bent to one man’s vision – however brilliant that vision might be.</p>
<p>Frustration set in as attempts to bend the girder failed. Sir Martin found that despite all his skills, all the contacts, all the fame he still couldn’t bend the girder.</p>
<p>At the same time some of those responsible quite liked the girder and got a bit tired of attempts to bend it. Maybe the girder needed to be reduced, re-cast. But if you&#8217;re Sir Martin the last thing you do is take a step back.</p>
<p>So here we are again with Sir Martin and his new paperclip. The world has changed from the days of MegaCorp, and flexibility and agility are back in fashion. The big question is: can the guy who built a girder from a paperclip build a similarly successful model in a world driven by flexibility and agility.</p>
<p>Creativity and an appreciation of the power of an idea is fast coming back into fashion. Of course, there are still huge businesses preaching the benefits of automation, but we do seem to have moved to a more blended future.</p>
<p>Which brings us back to people. Sir Martin needs to buy the right businesses, which he has a great skill in doing, but he also needs to surround himself with creative (in the broadest sense) talent.</p>
<p>The first acquisition he makes will set out his stall, but so too will his first hires.</p>
<p>&nbsp;</p>
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		<title>Accenture &#8211; Conflict or Competition?</title>
		<link>https://www.bjanda.com/blog/accenture-conflict-or-competition/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 01 Jun 2018 10:43:37 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1070</guid>

					<description><![CDATA[Much heat was generated last week around Accenture Interactive’s announcement that they were entering the programmatic media buying business. Social media was full of posts from the media auditor community (Accenture is of course a media auditor, and consultant, occasionally running pitches), as well as much harrumphing from the media agencies. The media auditors’ concern [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Much heat was generated last week around Accenture Interactive’s <a href="https://www.wsj.com/articles/accenture-interactive-opens-digital-ad-buying-division-further-encroaching-on-agencies-turf-1527073200">announcement</a> that they were entering the programmatic media buying business. Social media was full of posts from the media auditor community (Accenture is of course a media auditor, and consultant, occasionally running pitches), as well as much harrumphing from the media agencies.</p>
<p><span id="more-1070"></span>The media auditors’ concern was obvious given that Accenture’s auditing operation is a direct competitor. Any mud being flung around might stick.</p>
<p>For the agencies, Stephen Allan at GroupM spoke for many with <a href="https://www.linkedin.com/pulse/auditor-buyer-you-decide-stephen-allan/">a piece</a> on LinkedIn which argued that an auditor can’t be a buyer.</p>
<p>The conflict of interest argument is an obvious one, and was picked up by several other agencies, as well as by their trade bodies in the UK (<a href="https://www.campaignlive.co.uk/article/ipa-calls-accentures-unacceptable-move-programmatic-media/1465924">the IPA</a>) and the US (the 4A’s).</p>
<p>The agencies’ arguments might have carried more weight had they themselves always avoided such conflicts of interest.</p>
<p>The main thrust of the ANA report into agency behaviours, and all the work done since by the WFA, Ebiquity and others has been to point up how agency deals shape their plans. Aren’t agencies conflicted by taking rebates and benefits (however defined) from media owners?</p>
<p>We’ve all seen examples of agency traders pushing plans in a certain direction in order to make their trading deals, and thus release benefits to the agency. Isn’t that a perfect example of the agency being conflicted between its own financial performance and its supposed role acting in the best interest of its clients?</p>
<p>Did the IPA and the 4A’s leap in to condemn such conflicts of interest? I don’t recall them doing any such thing.</p>
<p>This is now such a well-rehearsed argument it hardly seems worth making it again, except to point out the hypocrisy in the remarks of those now accusing Accenture of a potential conflict.</p>
<p>The word ‘potential’ is key here. Nobody has any evidence of Accenture actually using information and knowledge from their auditing arm to inform the new programmatic operation. In fact just the opposite – anyone with any experience working with management consultancies knows full well how adept they are at keeping the various different elements of their operations separate from each other.</p>
<p>‘Potential’ conflicts exist all over the place. Stephen Allan’s MediaCom was for many years VW’s agency; Mindshare handles Ford. GroupM manages both. Yet no doubt firewalls existed within GroupM to stop Ford plans in any way informing VW buys.</p>
<p>WPP owns Millward Brown, whose work is often used to assess agency performance – and indeed to contribute to bonus awards. Does anyone accuse WPP of a conflict when MB data is used to assess JWT and Ogilvy? Of course not – MB is a separate organisation that behaves correctly and ethically in how it researches ad effect.</p>
<p>But ‘potentially’ there’s a conflict of interest.</p>
<p>Then there’s the fact that Accenture is entering the programmatic space. Isn’t that all about using data to drive automated buys? And aren’t Accenture and their like rather good at managing client data sets – certainly rather better than the marketing services holding companies? And isn’t programmatic all about bespoke precision and targeting and less about some catch-all price?</p>
<p>Accenture is a threat to the media agencies – everyone bar <a href="https://www.campaignlive.co.uk/article/jerry-buhlmann-consultants-having-impact-ad-industry-not-media/1465233">Jerry Buhlmann</a> of Dentsu Aegis has long realised that &#8211; but the network agencies’ behaviours has opened the door to involvement in their core business from outsiders. All Accenture has done is walk through it.</p>
<p>&nbsp;</p>
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		<title>Newsworks Joins the Effectiveness Party</title>
		<link>https://www.bjanda.com/blog/newsworks-joins-the-effectiveness-party/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 25 May 2018 10:56:43 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1041</guid>

					<description><![CDATA[A longer version of this post appeared on MediaTel Newsline on May 10th Much of what we refer to within the media world as measuring the effectiveness of advertising is in fact nothing of the sort. Rather we measure things that are comparatively easy to measure, like audience exposure, and convince ourselves that because something [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><em><strong>A longer version of this post appeared on MediaTel Newsline on May 10th</strong></em></p>
<p>Much of what we refer to within the media world as measuring the effectiveness of advertising is in fact nothing of the sort. Rather we measure things that are comparatively easy to measure, like audience exposure, and convince ourselves that because something has been exposed it must have been noticed, and because it has been noticed it must have had an effect.</p>
<p><span id="more-1041"></span>That’s a bit of a stretch with a lot of ‘ifs’ and ‘buts’, not to mention a great deal of faith in proxy measures, so it’s a pleasure, and a relief when someone comes along with a mission to prove that yes, under the right conditions advertising does in fact work.</p>
<p>It’s also refreshing to be reminded of the obvious fact that advertisers advertise in order to deliver results – and in particular profit. This may come as a shock to those who seem to think advertising is doing its job by delivering huge and largely meaningless metrics from digital media forms but the fact remains that it’s up to all of us to prove that advertising does in fact build business.</p>
<p>And that good advertising in the most appropriate environment works a lot better than bad advertising placed somewhere by someone or more likely something making choices based on the biggest numbers.</p>
<p>Which finally brings us to the latest work from our increasingly impressive media trade organisations. Recently we’ve had The Radio Centre and Thinkbox, both widely praised for advancing the cause of advertising, now it’s Newsworks with their Planning for Profit work.</p>
<p>Planning for Profit fits with other trade body work in being based on a meta-analysis of previous econometric work, in this case carried out by the consultancy Benchmarketing. This re-examining of existing work allows Newsworks to explore hundreds of different analyses (684 models across a six-year period from 2011 to 2017) in a consistent manner.</p>
<p>Having such a broad base to draw on means that Newsworks are able to examine 30 different advertiser categories as well as grouping them into what Benchmarketing describe as 5 ‘super-categories’ to allow for more detailed analysis.</p>
<p>This approach gets over the advertiser complaint of so much industry econometric work that ‘that’s all very well but it doesn’t apply to my category’. Odds are (P-for-P covers 86% of adspend), it does.</p>
<p>Newsworks’ conclusions are powerful. For each category they’ve examined the % of budget delivered to newsbrands, the profit return on investment (PROI) defined as: “the revenue generated by advertising campaigns divided by the profit margin for each client over the short to medium-term, (taking) into account the media investment and the cost of goods or services.”</p>
<p>From this they’ve calculated the optimum percentage of budget to be allocated to newsbrands in order to maximise profitability, and by comparing this with the actual budget delivered they’ve estimated the profit lost as a result of sub-optimal media allocation.</p>
<p>It is too easy these days to believe that all advertising is there to address short-term issues. After all, if the data exists to allow for a link between placing a message and seeing a result (whether that’s a click, a like, a retweet or whatever), so that a brand manager can spend ‘x’ and immediately see ‘y’ then what else does he need?</p>
<p>The answer of course is that advertising can and should do so much more. Profitable brands are just that – they’re brands, built over time, across multiple touch points and with layers of meaning that persuade people to spend money on them.</p>
<p>Once a brand loses its values, it reverts to being a product. Once Coca-Cola is deconstructed down to its component parts it loses the magic. It becomes fizzy coloured sweetened water, and not the drink of a generation, or the embodiment of refreshment.</p>
<p>Furthermore, Coke is it. Coke isn’t Pepsi. Brands differentiate; products generally don’t.</p>
<p>Brands are built – brands build profit. Marketing (and within that discipline advertising) plays a fundamental role in building brands. This has now become such a mantra that it’s at risk of becoming devoid of meaning, almost as if just by saying it we’re doing it.</p>
<p>The work of Peter Field and Les Binet for the IPA has demonstrated time and time again how valuable brands are, and how we need to remember how to build them.</p>
<p>Newsworks and others have worked with Peter to add to and amplify his, and Les’ message. This message needs frequent repetition, not just throughout our industry (if we don’t believe advertising can build business then why should anyone else) but within boardrooms everywhere.</p>
<p>The whole industry should get behind Newsworks’ initiative and should applaud their rigour in demonstrating and promoting the business building benefits of advertising.</p>
<p>&nbsp;</p>
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		<title>WPP and Sir Martin Sorrell – Now What?</title>
		<link>https://www.bjanda.com/blog/wpp-and-sir-martin-sorrell-now-what/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 May 2018 07:46:17 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1039</guid>

					<description><![CDATA[Back from holiday and it seems the wheels are still turning. It was only a month ago, on April 14th that Sir Martin Sorrell exited his creation, WPP. Millions of words were duly filed. Speculation (much of it from outside the industry and ill-informed) around the future of WPP has been rife. Now Sir Martin [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Back from holiday and it seems the wheels are still turning. It was only a month ago, on April 14th that Sir Martin Sorrell exited his creation, WPP. Millions of words were duly filed. Speculation (much of it from outside the industry and ill-informed) around the future of WPP has been rife. Now Sir Martin has followed up his gnomic message to staff (‘Back to the future’) by confirming that he does indeed intend to start again.</p>
<p><span id="more-1039"></span>Mark Read, one of WPP’s co-COO’s appointed post Sorrell has given an <a href="https://www.campaignlive.co.uk/article/mark-read-interview-wpp-focus-clients-less-organise-ourselves/1463390">interview</a> denying that the group is to be broken up (it would have been news indeed had he said anything else); and has indicated that the group’s focus has to be more on clients and less on their own internal organisational issues.</p>
<p>This latter point may be obvious but for a group that has sometimes appeared over-focussed on its own internal issues it still needed saying.</p>
<p>Like many choosing to comment, I have no inside information on what is likely to happen at WPP. For what it’s worth I suspect non-core businesses (of which there are an awful lot – Sorrell was always an acquirer, not a seller) will be sold. There is very little argument for the group to be in some of the smaller digital media businesses they find themselves in, short of buying in skills which anyway they have elsewhere.</p>
<p>Some acquisitions looked at the time very like a water-muddying exercise, designed to make any year-on-year comparisons difficult. Others created duplication and thus potential division within the group.</p>
<p>It seems likely that there will be some cleaning up.</p>
<p>The most significant name mentioned in that regard is Kantar. No other holding company contains within it an equivalent research business – which is not to say that owning a research business alongside ad agencies and the rest is wrong, just that no-one else seems to think it’s all that right.</p>
<p>It’s hard to point to client synergies involving WPP’s ad agencies and Kantar; indeed many clients look to their research agencies for an objective, independent view of the success of their advertising.</p>
<p>It has always felt uncomfortable having one group company assess the performance of, and even the bonus payable to another (many agencies are bonussed at least in part on results as measured by research).</p>
<p>It’s also no secret there’s been a tension in the past between GroupM and the more established Kantar research businesses (we can exclude Kantar Media from this, where the common ground is obvious). Some of the GroupM agencies have in the past been known to by-pass their sibling in offering to do research; whilst Kantar’s Millward Brown for one makes no secret that it sees itself in the business of providing communications planning advice.</p>
<p>It would seem to be a comparatively painless exercise to sell Kantar – painless on the impact such a course of action would have on the rest of the group.</p>
<p>Otherwise it seems unlikely that WPP will be split into multiple fragments – the core media agency / ad agency functions (and related key specialisms) still fit well together. Of course, they could be made to work more seamlessly together, and that’s a big task for any new CEO but that’s no reason to chuck the baby out with the bathwater.</p>
<p>Which brings us to <a href="https://www.campaignlive.co.uk/article/sorrell-im-going-start-again/1464048">what next for Sir Martin</a>?</p>
<p>A key characteristic of the man is his innate competitiveness. He won’t be beaten – and any suggestion that he is somehow past it, that his last act will be in leaving WPP was always going to be proved wrong.</p>
<p>He’ll want to win; and to exit finally (whenever that is) when he wants to and on his own terms.</p>
<p>One intriguing factor to watch will be who gravitates towards him. Very many senior WPP staff have I suspect a far greater loyalty to Sir Martin than they do to the Board – many of whom appear to have little knowledge of the industry they bestride. Sir Martin has made many of them – will they be able to resist one last go round with him?</p>
<p>What exactly will he do? Who knows but it will be worth watching.</p>
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		<title>Sir Martin Sorrell</title>
		<link>https://www.bjanda.com/blog/sir-martin-sorrell/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 19 Apr 2018 02:38:00 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1037</guid>

					<description><![CDATA[By now the world and his wife know that Sir Martin Sorrell has left WPP, the business he founded 33 years ago. I’m old enough to remember the ad world before WPP. Sorrell transformed his industry – and there aren’t many in any field who can legitimately claim to have done that. Acres of newsprint [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>By now the world and his wife know that Sir Martin Sorrell has left WPP, the business he founded 33 years ago. I’m old enough to remember the ad world before WPP. Sorrell transformed his industry – and there aren’t many in any field who can legitimately claim to have done that.</p>
<p><span id="more-1037"></span>Acres of newsprint and forests of pixels have been devoted to analysing Sorrell’s legacy. Was he a good or a bad thing? Will he be missed? Are we all better off without him?</p>
<p>Most of the comment has been generous – but some has not. There are those who seem to resent the amount he was paid, there are others who say he hampered creativity.</p>
<p>To the first – WPP shareholders have done very nicely over the years, even when the slide of the last few months has been taken into account.</p>
<p>To the second – there are those of us old enough to remember the creative outputs from JWT, Ogilvy, Grey and Y&amp;R pre WPP. They weren’t exactly creative hotshots.</p>
<p>And anyway – if you’re running a creative agency how exactly has SMS stunted your creativity? By demanding some professionalism from your management team in how the business is run? By personally veto-ing copy? Some of those moaning on now might look a little closer to home.</p>
<p>Holding companies per se don’t ruin creativity. I don’t hear many complaints about the creative output emerging from AMV, as one example.</p>
<p>Martin never seemed that comfortable around creatives – but what’s strange about that? To counter, he was great around media people, encouraging, contributing and building what was the first modern agency-owned media network in Mindshare and then with Irwin Gotlieb creating GroupM, a whole new model for media agencies.</p>
<p>We can all argue that GroupM, OMG, Publicis Media and the rest have brought about a number of the problems facing the modern holding company – but why is Sir Martin any more to blame for that state of affairs than John Wren or Maurice Levy?</p>
<p>So, what’s next for WPP? The reality is none of us know, despite Flock thinking it their place to give advice to WPP clients on what they should do as a result of Sorrell’s leaving (the digested version: continue doing what you have been doing).</p>
<p>UK readers will know of the legendary football manager Brian Clough. The story goes that one of his players came to see him in his office, to find Clough sitting with his feet up on the desk listening to a Frank Sinatra album. ‘I didn’t have you down as a Sinatra fan, boss’ said the player. ‘Yes’ said Clough ‘he met me once you know.’</p>
<p>I met Martin Sorrell very few times – he struck me as focussed, well-briefed, fiercely competitive and (I know this from many who worked for him for many years) loyal. Yes he micro-managed, but the flip side of that coin is that he was always interested, always available.</p>
<p>The man changed advertising from a cottage industry not even considered as a profession (some of you will remember that debate too), to one that is taken seriously by the City, and even seen as newsworthy.</p>
<p>Whatever happens next isn’t clear. What is clear is that Martin Sorrell built a phenomenal business – we can all pick holes in everything but let’s just stop for a moment before playing the guessing game and acknowledge an unbelievable accomplishment.</p>
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		<title>Facebook and Out</title>
		<link>https://www.bjanda.com/blog/facebook-and-out/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 13 Apr 2018 06:04:58 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1033</guid>

					<description><![CDATA[We are living in a world of short attention spans, where detail is almost derided and tweets trump well-argued hypotheses. So even though the implications of what Facebook did or didn’t do with data and who was to blame for harvesting the personal social media records of 87 million individuals will no doubt run and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>We are living in a world of short attention spans, where detail is almost derided and tweets trump well-argued hypotheses.</p>
<p><span id="more-1033"></span>So even though the implications of what Facebook did or didn’t do with data and who was to blame for harvesting the personal social media records of 87 million individuals will no doubt run and run – as should be the case, this stuff is important and complicated – most people (even Cog Bloggers) are keen to move on.</p>
<p>There was no better example of deflection than the industry’s digital and social champions ignoring the real issue and instead lining up to smirk at US lawmakers’ lack of knowledge of technology as they quizzed Mark Zuckerberg.</p>
<p>It would seem that what the guy knew or didn’t know, or what his business did or didn’t do is less significant than the fact that some ‘old guy’ didn’t know the ins and outs of social media. Snigger, snigger.</p>
<p>Meantime the media agency world kept schtum (whatever happened to <a href="http://www.bjanda.com/blog/trade-bodies-rule/#more-1020">thought leaders</a>?). Or very largely schtum. In ‘Campaign’ Havas’ Matt Adams <a href="https://www.campaignlive.co.uk/article/facebook-will-not-survive-emerge-even-stronger/1461633">broke cover</a>.</p>
<p>You have to wonder what drives Havas Media’s attitudes towards the largest media players sometimes. <a href="http://www.bjanda.com/blog/lessons-from-googles-woes/">About a year ago</a> the agency made a big deal about pulling its clients&#8217; money from Google in the light of the brand safety YouTube fuss.</p>
<p>The then UK CEO, Paul Frampton was all over the media playing the ‘look how important we are’ card.</p>
<p>That didn’t last long as someone in the Paris head office decided, for reasons we can only imagine to remove the (non) threat and carry on spending – their clients’ money.</p>
<p>Now Frampton’s successor Matt Adams is praising Facebook’s attitude of ‘putting their users first’. He surely can’t really believe that – there’s about 87 million reasons why he can’t believe that.</p>
<p>What the whole Facebook and data scandal has done is point to the need for regulation. Facebook, as even Zuck now accepts is a publisher.</p>
<p>So it should be regulated as one – and the regulation can’t be designed by FB (despite their kind offer to save everyone else the trouble) but by lawmakers acting with the best interests of individual citizens at the heart of their decision making.</p>
<p>It’s interesting to muse over what happened when a (regulated) newspaper group last played fast and loose with people’s right to privacy. I know it must seem like aeons ago but if memory serves a huge newspaper closed.</p>
<p>Phone hacking is of course illegal but is it really so different ethically to using people’s data without their knowledge to track them hither and thither?</p>
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		<title>Facebook Fall-Out</title>
		<link>https://www.bjanda.com/blog/facebook-fall-out/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 26 Mar 2018 07:58:18 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1029</guid>

					<description><![CDATA[The Facebook/Cambridge Analytica scandal has thrown up a surprising number of people with an apparent expertise in data analytics and a detailed knowledge on how one goes about scraping personal information from a very large social media site. As neither a data geek nor someone possessing a personal scraper I find it honest to keep [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The Facebook/Cambridge Analytica scandal has thrown up a surprising number of people with an apparent expertise in data analytics and a detailed knowledge on how one goes about scraping personal information from a very large social media site.</p>
<p><span id="more-1029"></span>As neither a data geek nor someone possessing a personal scraper I find it honest to keep out of the weeds, focusing instead of what the fall-out might be.</p>
<p>I doubt that Facebook will disappear. It might shrink (it’s already shrinking); it might have to change its business model; it might be regulated as a publisher (about time) but it’ll still be here.</p>
<p>Cambridge Analytica might vanish – but no-one’s going to shed too many tears over their demise, should it happen. Anyway, even if it does happen we can expect to see a remarkably similar organisation pop up somewhere else.</p>
<p>We can surely expect more regulation around political advertising but also around how people are kept informed of who is holding what data on them and what is done with it. The end point being that individuals will not only be far more aware of the significance of their data but will also be in a position to decide who has access to it and for what purpose.</p>
<p>And ads? Brands will need to think very carefully over where the line is between being relevant and being creepy.</p>
<p>Let’s assume I have long, flowing red hair (in the interests of full disclosure: I don’t). I would be quite happy to be served an ad for a shampoo designed for long hair. I would be even happier to be served an ad for a shampoo specially formulated for long, red hair. In fact, I would think that was relevant, and helpful to me and other long-haired redheads.</p>
<p>If the frequency of serving the ad was related to the average life of a bottle of shampoo, that would be a smart use of data.</p>
<p>I would though start to feel uncomfortable if I was served an ad that not only did all of the above but also somewhere contained the lines: ‘Brian, it’s about time you washed your hair, it’s been weeks, it’s filthy and that isn’t healthy’.</p>
<p>From relevant to creepy.</p>
<p>Almost exactly a year ago, Kantar Media published their first 5-country Dimension study. One interesting finding was that 36% of those aware of ads being targeted disagreed or strongly disagreed with the statement: ‘I don’t mind providing data if it leads to more relevant ads’.</p>
<p>So, over a third of Kantar Media’s sample said they <u>do</u> mind handing over their data to improve ad relevance. Exactly the same proportion said they agreed with the statement – so they didn’t mind.</p>
<p>I expect the disagree figure will have increased in the last week or two.</p>
<p>There will likely be a consumer reaction against very specific targeting.</p>
<p>Everybody prefers to see ads that are relevant to them, but one fall-out from the FB/CA scandal is likely to be that in the eyes of the consumer the line between relevance and creepy will firm up. Very specific, personalised copy will fall into the creepy category and thus be less acceptable.</p>
<p>I’m off to wash my hair.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Facebook, &#8216;The Guardian&#8217; and Cambridge Analytica</title>
		<link>https://www.bjanda.com/blog/facebook-the-guardian-and-cambridge-analytica/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 19 Mar 2018 13:53:52 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1026</guid>

					<description><![CDATA[There’s very little doubt that the story of the week (year, decade even) concerns Facebook, the use made of data from their platform by Cambridge Analytica and the consequences of the resulting micro-targeting as used in an election, maybe even one near you. The bald facts are that a Cambridge University academic devised a ‘psychological [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There’s very little doubt that the story of the week (year, decade even) concerns Facebook, the use made of data from their platform by Cambridge Analytica and the consequences of the resulting micro-targeting as used in an election, maybe even one near you.</p>
<p><span id="more-1026"></span>The bald facts are that a Cambridge University academic devised a ‘psychological profiling quiz’ and quite legally placed it on FB. Everyone knows these quizzes – if you’re bored enough you might fall for doing one, but you probably never thought that there would be any consequences.</p>
<p>Who then did what exactly depends on who you believe, but the net result was that CA managed to get their hands on upwards of 50 million personality profiles by extrapolating the comparatively small number of people knowingly taking part in a quiz, through their FB friends who had no idea this was happening.</p>
<p>This data was then used (as is freely admitted by the Trump campaign) to send very specific messaging to US voters. And it is alleged to those voting in the EU Referendum in the UK.</p>
<p>Let’s leave the detail of who was contractually permitted to do what for a moment and consider whether it is right to use personal data harvested (via don’t let’s forget an unregulated source) without the owner’s permission in order to send micro-targeted ads to that person?</p>
<p>I would say not. Surely, we should be in control of our own data, as Doc Searls’ <a href="http://blogs.harvard.edu/vrm/">VRM concept</a> has always had it? And we should be able to do with it what we will, including not having it used, or indeed selling it to FB, Cambridge Analytica, or anyone else should we choose to do so?</p>
<p>It is no argument to say, as Alex Steer from the GroupM agency Wavemaker has it in <a href="https://www.campaignlive.co.uk/article/cambridge-analytica-mindset-revolution/1459760">‘Campaign’</a> that  what CA has done is not original because his agency does the same thing, and that therefore all is well. All that does is say he, Wavemaker and GroupM are in the wrong, ethically and morally if not legally.</p>
<p>Nor is this in anyway the same as using aggregated data from market research; data given by the respondent in return for cash and under a clear understanding of the end use.</p>
<p>Nor is it the same as collecting aggregated data from a first party source like a (let’s not forget, regulated) publisher, assuming the data has been collected in a manner that is GDPR compliant.</p>
<p>Bob Hoffman, the AdContrarian has been banging this drum for years. He even wrote a book about it called <a href="https://www.amazon.co.uk/dp/B075Y46TRN/ref=dp-kindle-redirect?_encoding=UTF8&amp;btkr=1">‘Badmen:</a> How advertising went from a minor annoyance to a major menace’.</p>
<p>With Bob’s permission I’ll quote the opening of the book, a 2016 quote from Alexander Nix, CEO of Cambridge Analytica:</p>
<p><em>“Today, in the United States we have somewhere close to four or five thousand data points on every individual …. So we model the personality of every adult across the United States, some 230 million people.”</em></p>
<p>On the likely assumption he doesn’t have 230 million permissions (or even 50 million), do you still think that’s OK?</p>
<p>There’s one very important postscript. The CA story was unearthed by a journalist called Carole Cadwalladr and has been published over time in ‘The Guardian’ and (for the benefit of non-UK readers) its Sunday sibling ‘The Observer’. It’s a story that on its own highlights the critical role played by a free press, and by journalists not prepared to be deflected by trolls, vested interests, threats and the rest of the nonsense you find on social media.</p>
<p>Since then, Channel 4, the ‘New York Times’ and others have carried the story too but never forget it takes one person to write this stuff (supported by others I’m sure) and to put themselves out there in the firing line.</p>
<p>Alex Steer’s piece in ‘Campaign’ references ‘shock and awe’ coverage and seems concerned in case any of us should think CA are doing something his organisation can’t or hasn’t.</p>
<p>I’m not sure I would boast about that, especially at a time when our Parliament and the US Congress are getting close to debating whether <a href="https://www.theguardian.com/technology/2018/mar/19/no-10-very-concerned-over-facebook-data-breach-by-cambridge-analytica">online advertising should be controlled.</a></p>
<p>I would though encourage you all to subscribe to ‘The Guardian’ and other upholders of a free press.</p>
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		<title>Following Procter and Unilever</title>
		<link>https://www.bjanda.com/blog/following-procter-and-unilever/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 16 Mar 2018 08:58:19 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1024</guid>

					<description><![CDATA[Over the last few weeks we’ve heard the views of two of the largest advertisers on the planet on the current state of the media and advertising businesses. We can condense their thoughts. Marc Pritchard of Procter made a famous speech at the IAB just over a year ago in which he laid out the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Over the last few weeks we’ve heard the views of two of the largest advertisers on the planet on the current state of the media and advertising businesses.</p>
<p><span id="more-1024"></span>We can condense their thoughts. Marc Pritchard of Procter made a famous speech at the IAB just over a year ago in which he laid out the framework for a more transparent, honest and open relationship with his agencies, and with the online media platforms with whom he advertises.</p>
<p>Keith Weed, in the corresponding IAB forum this year <a href="http://www.campaignlive.co.uk/article/unilevers-keith-weed-put-price-trust-tech-giants/1456432">talked</a> of how Unilever wouldn’t spend money with those &#8220;platforms or environments that do not protect our children or which create division in society, and promote anger or hate&#8221;.</p>
<p>Finally, at the ISBA Conference last week <a href="https://www.campaignlive.co.uk/article/marc-pritchard-id-creatives-account-three-quarters-agencies-resources/1458790">Marc Pritchard</a> had words for the agencies on how they should organise and run their businesses, removing layers of account people and focussing more resources on improving and driving creativity.</p>
<p>Most would have little problem with the base messages. Transparency? Tick. Not supporting hate? Tick. More creativity? Tick.</p>
<p>But delivering to these principles in practice is another thing. Pritchard is said to be rowing back on some of his stronger comments on withholding advertising from the major platforms unless they keep to his demands for (amongst other things) open-ness in data access.</p>
<p>Weed’s comments on ‘platforms or environments’ could be said to apply as much to certain UK newspapers, like ‘The Daily Mail’ as to the darker corners of YouTube or Facebook. And – he did say ‘platforms’, in the generic.</p>
<p>Finally, as was pointed out <a href="http://www.bjanda.com/blog/pg-integration-and-siloes/">here</a> the doing away of account people has been tried, and didn’t work too well, not least because good account people in creative agencies make a considerable contribution to improved output.</p>
<p>Once the aura of congratulations and the warm feeling engendered in interviews have faded where will all this leave us?</p>
<p>Will Procter tell their marketing teams globally to focus their efforts more on ensuring their agency teams have more space to focus on creativity – after all to paraphrase Bob Hoffman the P&amp;G agencies would no doubt be prepared to do away with those ‘brand babblers’ working exclusively on the P&amp;G business if their client did the same within their own organisation. No-one is going to miss pointless meetings although it would be interesting to be a fly on the wall when the first P&amp;G agency refuses to attend a meeting on the basis that it would add nothing to creativity.</p>
<p>How will the Unilever planning agencies define ‘promoting anger and hate’? Or for that matter ‘protecting our children’? Will they apply those same definitions to newspapers? To magazines? To TV dramas? In practice, how exactly will that work unless the agencies have some brilliant crystal ball way of predicting what media outlets are going to say or include before they say it?</p>
<p>And – with one man’s anger being another’s freedom of expression where’s the line separating a free press from advertiser coercion to be drawn?</p>
<p>It is without question a positive thing for top marketers to call out bad practices within the media. But fine words butter no parsnips as my dear old mother used to say.</p>
<p>Words and deeds; words and deeds.</p>
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		<title>Trade Bodies Rule</title>
		<link>https://www.bjanda.com/blog/trade-bodies-rule/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Mar 2018 09:00:25 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1020</guid>

					<description><![CDATA[What the heck has happened to the industry’s trade bodies? And can we all have a sip of whatever it is they’ve been drinking? Once upon a time I was pleased to represent the agencies’ trade bodies (the UK’s IPA, and the EACA across Europe) on various media industry bodies – including some of the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>What the heck has happened to the industry’s trade bodies? And can we all have a sip of whatever it is they’ve been drinking?</p>
<p><span id="more-1020"></span>Once upon a time I was pleased to represent the agencies’ trade bodies (the UK’s IPA, and the EACA across Europe) on various media industry bodies – including some of the audience measurement joint industry management committees.</p>
<p>To be quite honest, back in the dark ages you could assume the following:</p>
<ul>
<li>Those on the agency side were doing it because they wanted to, as individuals. Speaking personally, I don’t think any agency I ever worked for encouraged me to do this stuff; I did it because I was interested and thought it worthwhile. I’m certain back then the same could be said for other agency representatives.</li>
<li>On the sales side there was a deep loathing of change. New initiatives meant the risk of change. Change could reduce gross audiences. Gross audiences equalled money.</li>
<li>On the advertiser side, ISBA very largely meant Procter and Gamble – who contributed to everything (and thus got their way on most things).</li>
</ul>
<p>You could also assume that vendor trade bodies were biased, poorly resourced and driven by a few individuals at their most powerful members. When they did do original work, it was instantly decried and very largely ignored.</p>
<p>Thought leadership was the province of those objective folk at the big agencies. They were forever popping up on TV, on the radio and in the national press expressing their opinions on this and that (older Cog Blog readers will remember I did more than my fair share of ‘this-ing and that-ing’).</p>
<p>And now look! The large network agencies are no longer thought-leading, their public utterances frequently exposed as being one or more of:</p>
<ul>
<li>Self-serving</li>
<li>So far removed from their day-to-day operations as to be almost in a different building or, in one or two cases on a different planet</li>
<li>Driven by a distant holding company agenda</li>
</ul>
<p>Meanwhile, on the advertiser side ISBA, their US-equivalent the ANA, and the global WFA are setting the pace, with the network agencies dutifully following along (or, in the case of ISBA’s original media agency framework initiative, being dragged along) in their wake. Yes, P&amp;G is still prominent, but they are no longer alone.</p>
<p>The trade bodies Newsworks, Thinkbox and The Radio Centre (I’m quoting UK bodies more from familiarity and general ignorance than anything else) are driving the research agenda by doing fascinating work that advances thought and drives (or should drive) action, as <a href="https://www.marketingweek.com/2018/03/07/mark-ritson-marketers-perceptions-media-effectiveness/?cmpid=em~newsletter~breaking_news~n~n&amp;utm_medium=em&amp;utm_source=newsletter&amp;utm_campaign=breaking_news&amp;eid=4822259&amp;sid=MW0001&amp;adg=AB3C8662-7063-4C57-8EE4-4F5CDC14EA0D">Mark Ritson</a> points out.</p>
<p>Consultancies like <a href="https://www.campaignlive.co.uk/article/ebiquity-report-rings-alarm-advertisers-under-value-traditional-media/1458828?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20180307&amp;utm_content=Campaign%20Media%20(07-03-2018)::www_campaignlive_co_uk_ar_1&amp;email_hash=">Ebiquity</a> (remember when they used to be ‘just’ a media auditor?), and <a href="https://blog.idcomms.com/the-evolution-of-media-transparency-issues">ID Comms</a>, and individual initiatives (like <a href="https://www.contagious.com/blogs/news-and-views/interview-dr-karen-nelson-field">Karen Nelson-Field’s</a> work on attention and <a href="https://mediatel.co.uk/newsline/2018/01/27/lead18-plea-for-new-era-of-advertising-responsibility/">Nick Manning’s</a> call for more responsibility in advertising) are making us all think.</p>
<p>Research agencies (like <a href="https://www.kantarmedia.com/global/newsroom/press-releases/fake-news-reinforces-trust-in-mainstream-news">Kantar Media</a>, IPSOS Connect, MESH and others) are doing original work on such as context, and how trust impacts news.</p>
<p>Within these debates the large media agencies are fast becoming an irrelevance. Which is not good as clients don’t pay for irrelevance.</p>
<p>&nbsp;</p>
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		<title>P&#038;G, Integration and Siloes</title>
		<link>https://www.bjanda.com/blog/pg-integration-and-siloes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 02 Mar 2018 11:37:19 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1015</guid>

					<description><![CDATA[To read the headlines you would think we live in a curiously binary world. Facebook’s wonderful; Facebook’s on its last legs. TV is dead; TV is still the most effective medium ever invented; printed media forms cannot survive; print circulations increase as readers seek the truth behind the stories. And so on. This week we [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>To read the headlines you would think we live in a curiously binary world. Facebook’s wonderful; Facebook’s on its last legs. TV is dead; TV is still the most effective medium ever invented; printed media forms cannot survive; print circulations increase as readers seek the truth behind the stories.</p>
<p><span id="more-1015"></span>And so on.</p>
<p>This week we had a wonderful example of what I mean. One day we have Bill Duggan from the ANA tweeting: “P&amp;G is bringing media and creative back together! REUNITED!”</p>
<p>A couple of days later <a href="https://www.marketingweek.com/2018/03/01/marc-pritchard-end-archaic-mad-men-model/?cmpid=em~newsletter~breaking_news~n~n&amp;utm_medium=em&amp;utm_source=newsletter&amp;utm_campaign=breaking_news&amp;eid=4814688&amp;sid=MW0001&amp;adg=AB3C8662-7063-4C57-8EE4-4F5CDC14EA0D">we had</a>: “P&amp;G’s Marc Pritchard calls for an end to the archaic Mad Men model”.</p>
<p>Bill Duggan is a highly respected commentator; and ‘Marketing Week’ (where the Pritchard headline comes from) is a fine magazine. And they’re both right; and they’re both wrong.</p>
<p>The media business is increasingly about integration, which as a concept goes far beyond making sure your press and OOH messages look vaguely as if they might be related to one another.</p>
<p>Today’s integration isn’t just about conventional advertising; it encompasses all forms of communication, from PR to experiential, from online influencers through to the way that customer facing staff interact with those consumers they come across.</p>
<p>And this is where Pritchard’s point resonates. His ANA address speaks of ‘partnerships with agencies’ as opposed to working through them. Advertisers use multiple specialists and it’s wrong to suggest that any ad agency can either supply all those specialist services, or indeed consider the benefits they bring objectively.</p>
<p>I speak as one who was once physically threatened by an account man in a sister creative agency for daring to suggest that maybe non-advertising solutions might serve the client better than yet another straightforward TV campaign.</p>
<p>To a plumber, most household emergencies come down to plumbing; to an ad agency most solutions look very like an ad.</p>
<p>A lack of understanding around what constitutes true integration is behind why so many commercial messages online are so poor. They look too like ads. They don’t fit within the medium within which they’re placed. They ignore context, and the end-user’s needs from the medium.</p>
<p>According to Marc Pritchard, ‘advertisers have been steadily outsourcing work to agencies’.  He wants to ‘eliminate the siloes between creatives, clients and consumers, and strip away anything that doesn’t add to creative output.’</p>
<p>Once upon a time a UK agency called Wight Collins Rutherford Scott launched with no account men, and direct contact between creatives and clients. It changed its model soon after when it realised that great account men can add a great deal to creativity.</p>
<p>Then media agencies tried to position themselves as solution-neutral thinkers – until it was discovered that what many of them meant by solution-neutral was not quite the same as revenue-neutral.</p>
<p>What’s needed is more collaboration between specialists, leading to more integration in messaging of all shapes and sizes. And at the end of the day only the client (who, don’t let’s forget is hardly silo-free) can make that happen.</p>
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		<title>Facebook Woes</title>
		<link>https://www.bjanda.com/blog/facebook-woes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 23 Feb 2018 12:49:09 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1013</guid>

					<description><![CDATA[Facebook is having a bit of a moment – and not in a good way. Users are apparently falling away, rumours swirl around Russian FB ads/influence over the US (and maybe other) election(s), Edelmen has concluded that ‘social media news’ is not to be trusted, the AdContrarian is calling for Mark Zuckerberg to go, and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Facebook is having a bit of a moment – and not in a good way. Users are <a href="https://www.theguardian.com/technology/2011/jun/13/has-facebook-peaked-drop-uk-users">apparently</a> falling away, rumours swirl around Russian FB ads/influence over the US (and maybe other) election(s), <a href="https://www.campaignlive.co.uk/article/future-publishing-needs-somewhere-place-trust/1457728">Edelmen</a> has concluded that ‘social media news’ is not to be trusted, the <a href="http://adcontrarian.blogspot.co.uk/2018/02/zuckerberg-has-to-go.html">AdContrarian</a> is calling for Mark Zuckerberg to go, and Unilever’s CMO Keith Weed is, as we said <a href="http://www.bjanda.com/blog/planning-collaboration-versus-buying-confrontation/">last week</a> suggesting that his business will no longer “Invest in platforms that do not protect children or which create division in society and promote anger or hate.”</p>
<p><span id="more-1013"></span>Now – to be fair, Weed had more than Facebook in mind but as a social media leader they’re always going to cop flak. Especially when the evidence seems to suggest they’re more implicated than most when it comes to the charges laid out by UL.</p>
<p>Does any of this matter much to FB? So far, they’ve been poor at responding to advertiser concerns beyond wheeling out one or two big ex-agency names to make nice noises. This doesn’t work; if you speak to the advertisers themselves you’ll find that their view is that nothing much has changed.</p>
<p>The reason is clear. FB, and Google have a hugely long tail of advertisers, most of whom do not operate on the same plain as Unilever and (to reference last year’s pin-up speechifyer) Procter.</p>
<p>Mark Ritson, writing in <a href="https://www.marketingweek.com/2018/02/13/mark-ritson-unilever-facebook-google/?cmpid=em~newsletter~breaking_news~n~n&amp;utm_medium=em&amp;utm_source=newsletter&amp;utm_campaign=breaking_news&amp;eid=4755198&amp;sid=MW0001&amp;adg=AB3C8662-7063-4C57-8EE4-4F5CDC14EA0D">‘Marketing Week’</a> made the point that even if:</p>
<p>“Unilever pulled all its advertising from Google and Facebook for the rest of 2018 it would be like the duopoly losing a couple of days of ad money. Then things would revert to normality again. And they could probably sell most of the Unilever inventory to someone else for almost as much money anyway.”</p>
<p>But this misses two major points. One is that mud sticks. Whatever the truth when it comes to the platforms’ role in creating division and the like it’s now becoming increasingly accepted that they are A Bad Thing.</p>
<p>And secondly advertisers listen to what Procter, Unilever and the other big guys do. ‘They must know what they’re doing, we should do likewise’ runs the argument.</p>
<p>Then there’s our old friends the agencies – many of whom have (don’t let’s forget) been quick to trumpet their genius in striking long-term volume deals with the newly labelled Bad Boys of Media.</p>
<p>Well, one, Mainardo de Nardis of OMD was brave enough, and honest enough to break cover. His tweet, responding to FB’s Rob Goldman has been much <a href="https://www.marketingweek.com/2018/02/23/google-facebook-heed-unilever-warnings/?cmpid=em~newsletter~breaking_news~n~n&amp;utm_medium=em&amp;utm_source=newsletter&amp;utm_campaign=breaking_news&amp;eid=4792989&amp;sid=MW0001&amp;adg=AB3C8662-7063-4C57-8EE4-4F5CDC14EA0D">quoted</a>:</p>
<p>“You really are not in a position to preach and your astonishing tweets have created confusion and anger. Enough damage done over the past 2+ years. In the absence of real actions silence would be appreciated.”</p>
<p>Mainardo is doing what agencies should do, and indeed used to do, standing up for their clients regardless of any internal trading machinations.</p>
<p>If his words were to be backed up by Omnicom, WPP and the others recommending to all their clients that they suspend all advertising until the platforms accept that they’re media owners (which of course they are) and thus subject to the same rules as the rest of the market, they might have more of an impact.</p>
<p>Wouldn’t it be nice to think that the same guys who shout about global deals could for once publicly support the benefits of advertising on trusted, well-regulated media forms?</p>
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		<title>Planning Collaboration versus Buying Confrontation</title>
		<link>https://www.bjanda.com/blog/planning-collaboration-versus-buying-confrontation/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Feb 2018 12:32:01 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1009</guid>

					<description><![CDATA[A couple of weeks ago the Cog Blog commented on the growing importance of planning to the network agencies as they strive to replace the grey revenues lost to the era of transparency. I made the point then that those from a planning (as opposed to a trading) background) were increasingly in the ascendancy at [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A couple of weeks ago the Cog Blog commented on the growing importance of planning to the network agencies as they strive to replace the grey revenues lost to the era of transparency.</p>
<p><span id="more-1009"></span>I made the point then that those from a planning (as opposed to a trading) background) were increasingly in the ascendancy at the major networks.</p>
<p>This week the point was rammed home by an interview Tom George, now the head of GroupM in the UK gave to <a href="https://www.campaignlive.co.uk/article/group-m-chief-promises-better-dialogue/1456396">‘Campaign’</a> in which he spoke of the need for a greater open-ness in agencies’ dialogue with clients, and admitted that ‘Perhaps there’s room for improvement in our communications and business models’.</p>
<p>The same ‘Campaign’ piece quoted Tom’s predecessor Nick Theakstone, a trader, who described ISBA’s suggestion that maybe some agencies ‘don’t have the best interests of their clients at heart anymore’ as ‘an insult’.</p>
<p>Theakstone is from the generation who had a hand in creating the mess of self-interest (a mess in which advertisers were at the very least guilty of a lack of interest) that was eventually exposed by Jon Mandel, the ANA, ISBA and others.</p>
<p>It was also interesting to hear this week from the combination of Sky, ITV and Channel 4 who have come together to form a <a href="https://www.campaignlive.co.uk/article/itv-channel-4-sky-unite-champion-tv-advertising-face-online-threat/1456482">TV-medium initiative</a> designed to remind advertisers of the business building qualities of their medium. They chose to do this via the medium of a two-day event attended by advertisers and young planners nominated by their companies.</p>
<p>The TV sales heads have recognised that their future prosperity depends on persuading planners of the opportunities afforded by their medium; opportunities defined by the medium’s ability to deliver business success over and above deals driven by volume and price.</p>
<p>It’s a far cry from the days of agency deals thrashed out amongst the gluhwein at a favourite ski resort.</p>
<p>It’s also a long way from the confrontational approach favoured by buyers in their day-to-day dealings with media owners.</p>
<p>There was a real need for the business to grow up and away from confrontation to collaboration. That does seem to be happening.</p>
<p>Planners are curious people, forever looking for new ways of using media forms to the benefit of their clients. An increasingly important element within any assessment of a media form’s attractiveness is the context within which the ads are delivered.</p>
<p>Given that, Keith Weed, CMO of Unilever’s <a href="https://www.marketingweek.com/2018/02/12/unilever-threatens-pull-ad-spend-platforms-breed-division/">speech</a> to the IAB Leadership meeting on February 12th, and specifically his comments on the importance of context are relevant.</p>
<p>Weed had the following to say about the digital platforms: “Unilever will not invest in platforms that do not protect children or which create division in society and promote anger or hate.”</p>
<p>One might add, in parentheses, ‘whatever the size of audience these platforms deliver and whatever the subsequent CPT’.</p>
<p>Whether Weed’s comments will make a difference is a topic we’ll return to next week.</p>
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		<title>There’s No Monopoly on Good Ideas (and Other Cliches)</title>
		<link>https://www.bjanda.com/blog/theres-no-monopoly-on-good-ideas-and-other-cliches/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 09 Feb 2018 08:31:52 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1007</guid>

					<description><![CDATA[If you’re a dedicated LinkedIn user, you’ll know that posts detailing ‘lessons from my extensive experience’ are hardly in short supply. It’s remarkable how many life-coaches there are out there. Given the mass of free advice it’s extraordinary that anyone, anywhere ever fails at anything. It only seems right that as a paid-up member of [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>If you’re a dedicated LinkedIn user, you’ll know that posts detailing ‘lessons from my extensive experience’ are hardly in short supply. It’s remarkable how many life-coaches there are out there. Given the mass of free advice it’s extraordinary that anyone, anywhere ever fails at anything.</p>
<p><span id="more-1007"></span>It only seems right that as a paid-up member of the ‘Are You Still Here?’ Society I too should share some thoughts that might (you never know) be of some benefit to all those young media agency people out there. Assuming that is there are any left that haven’t already gone to Facebook, Google or the management consultancies.</p>
<p>So here goes. 10 homilies to make you a better you.</p>
<ol>
<li><u>Do as you would be done by.</u> Sooner or later you’ll find yourself in a position of power and authority. Be nice. That does not mean be a push-over. Just treat people as you would like to be treated, with respect, fairness and honesty.</li>
</ol>
<ol start="2">
<li><u>Never forget the business you’re in.</u> I have always believed firmly that I am in the advertising business. That suggests an interest in ads as opposed to in blocking them. As a media guy my job was to improve the chances of the ad being seen, remembered and acted upon. So, shouldn’t I know what the ad says? When I hired people my killer interview question was ‘What’s your favourite ad and why?’ It really didn’t matter what they said as long as they said something and argued for their choice enthusiastically and with passion.</li>
</ol>
<ol start="3">
<li><u>Watch what you do.</u> Media people are reasonably at home with surveys and numbers. Sometimes we forget there’s people behind the stats. People like you and me. How do you shop? What are the thought processes you go through in choosing a brand? How do you consume media, when and where? If you really want to go crazy, watch your friends, family, colleagues and fellow citizens too. You’ll learn something you won’t get from surveys.</li>
</ol>
<ol start="4">
<li><u>The client rules.</u> Ultimately for most of us the client pays our salaries. Look after him or her. Meet your deadlines; take the calls; work every hour to help him or her deliver. Be interested in what they do, their problems, their challenges. Buy their product, or at least try it (McDonald’s always used to insist on their agency teams working in store for several days – a brilliant idea). Be respectful, but stick to your principles (after all they’ve hired you because you know more than them on your specialist subject). Be honest and open as to what you can and can’t do. Don’t over-promise. Don’t pretend you know everything. You don’t. No-one does.</li>
</ol>
<ol start="5">
<li><u>There’s No Monopoly on Good Ideas.</u> You’re not the fount from which all creativity springs. You may be <strong><u>a</u> </strong>fount, but others have good ideas too. Collaboration is hardly a new notion: I sometimes used to ask media owners in to meet our creative teams at Leo Burnett, and to ask them to discuss with us ways to use their particular medium in as impactful a way as possible (a hole cut in the front cover of a magazine was a particular highlight). Involve. Collaborate.</li>
</ol>
<ol start="6">
<li><u>Never Stop Learning</u>. Read articles and books. Go to serious conferences. Follow interesting people online. Be forever curious. Contribute to industry committees and debates. Appreciate that not everything good was done for the first time in the last few years. Principles don’t change all that much, whatever the latest shiny thing.</li>
</ol>
<ol start="7">
<li><u>Treasure Your Contacts</u>. The people you know or have met are a great source of wisdom. Keep in contact; your address book is a valuable asset.</li>
</ol>
<ol start="8">
<li><u>Send the Lift Back Down.</u> I started my career in a full-service agency as a messenger. I was helped by many kind people, to whom I owe a great deal. You owe it to others to help them. Have a coffee with them; take the call; answer the email; support mentoring schemes. No-one is so busy as to be unable to do something.</li>
</ol>
<ol start="9">
<li><u>Have Fun.</u> We work in an industry populated by creative-minded people. OK, it may all be a bit ‘holding-company’ these days but there’s still fun to be had. Especially in independents.</li>
</ol>
<ol start="10">
<li><u>Be thankful</u>. You could always have been a lawyer, for goodness sake.</li>
</ol>
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		<title>Pitches Signal Trouble for Some, Change for All</title>
		<link>https://www.bjanda.com/blog/pitches-signal-trouble-for-some-change-for-all/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 01 Feb 2018 08:39:34 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1004</guid>

					<description><![CDATA[It is often said that pitches are the lifeblood of the agency business. Right now there must be quite a few agencies who could do without all the excitement. In media land the following are up for review: HM Government (currently with Aegis), Sky (MediaCom/WPP), Mars (shared between Starcom/Publicis, OMD/Omnicom and MediaCom/WPP), HSBC (Mindshare/WPP), Shell [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It is often said that pitches are the lifeblood of the agency business. Right now there must be quite a few agencies who could do without all the excitement.</p>
<p><span id="more-1004"></span>In media land the following are up for review: HM Government (currently with Aegis), Sky (MediaCom/WPP), Mars (shared between Starcom/Publicis, OMD/Omnicom and MediaCom/WPP), HSBC (Mindshare/WPP), Shell (MediaCom/WPP), McDonald’s (shared between Starcom/Publicis and OMD/Omnicom), adidas (mainly with Aegis), ASDA (Blue 449/Publicis).</p>
<p>No doubt I’ve missed some.</p>
<p>There are a few interesting angles to this rash of pitches, aside from the fact that it seemed like only yesterday we were all commenting on the previous enormous review round.</p>
<p>First, IDComms, the UK based consultancy is involved in several of them. Secondly, Ebiquity is also involved, in at least one and possibly more. Thirdly (and related no doubt to numbers one and two) the advertiser associations’ framework media contracts (be that the ANA version for US-based clients or the ISBA one for those in the UK) are rumoured to be central to several of these reviews.</p>
<p>IDComms and Ebiquity, along with MediaSense were all involved in drawing up the contract framework.</p>
<p>These framework contracts attracted derision from the networks when they were launched. Most were not prepared to go on the record, but here’s what one ‘agency boss’ had to say back in 2016 when the framework was launched: &#8220;I don’t think ISBA really knows what they are doing.”</p>
<p><a href="http://www.bjanda.com/blog/transparency-bites-aegis/#more-965">Aegis’ Jerry Buhlmann</a> was one of the few to break cover when the ANA’s investigation into media transparency (the precursor to the contract frameworks) appeared, dismissing the whole issue as a storm in a teacup: “We didn’t get any feedback from clients. I’m not sure it’s a particularly big deal in the real market.”</p>
<p>It seems he’s getting feedback now.</p>
<p>Professor Mark Ritson was one who disagreed with Jerry’s sangfroid, opining that the agencies face real problems and whatever they do they are <a href="http://www.bjanda.com/blog/transparency-bites-aegis/">‘too late to save their souls’</a>.</p>
<p>I don’t agree with Professor Ritson that it’s too late for the agencies. They have the planning skills to change if only they develop them into their core reason for being. But the Professor is right to point out that time is fast running out and that those who don’t recognise the new world order are in trouble.</p>
<p>I strongly suspect that this time around advertisers are going to go far beyond the principle of whoever’s cheapest wins.</p>
<p>Media agency pitches used to be 90% stuffed full of clever thinking, most of which was either not well enough communicated to be understood or was simply ignored once the discussion turned to pricing. One could argue (I wouldn’t…) that with limited media options, price was the most significant discriminator.</p>
<p>Now that we live in a world of infinite media choice, comms strategy and planning is vital. Options are everywhere, not only in where you spend the budget but through what means, with the rise of the in-house model, the hybrid agency/in-house solution as well as the more traditional media agency route. And that’s before we get into what exactly qualifies as ‘an agency’ these days.</p>
<p>Price has become a hygiene matter. A commitment to transparency becomes a condition of entry – and not just within the legal contract definition of the term. True transparency (which is what advertisers want and expect) covers the whole ethos of how an agency behaves, what drives its decision-making, and how it trains and evaluates its staff.</p>
<p>Those who thought that industry framework contracts, and the key principles of open-ness and transparency embedded within them were a passing fad “in the real market” had better think again. Quickly.</p>
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		<title>Planning and Buying at the Network Agencies</title>
		<link>https://www.bjanda.com/blog/planning-and-buying-at-the-network-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 25 Jan 2018 08:38:44 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=1002</guid>

					<description><![CDATA[Being a simple chap, I like to divide the bulk of the media agency world up into planners and buyers. I know everyone has far smarter, and possibly more accurately descriptive job titles these days, but fundamentally you’re either a ‘hot’ buyer (driven by the deal) or a ‘cool’ planner (driven by the data). The [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Being a simple chap, I like to divide the bulk of the media agency world up into planners and buyers. I know everyone has far smarter, and possibly more accurately descriptive job titles these days, but fundamentally you’re either a ‘hot’ buyer (driven by the deal) or a ‘cool’ planner (driven by the data).</p>
<p><span id="more-1002"></span>The holding companies’ media agencies are facing the severe challenge of pivoting from a buying-led revenue model based on a historic lack of interest, involvement and knowledge from their clients, to a planning-led model driven by open-ness, transparency and client-facing business solving.</p>
<p>Key to a successful pivot is convincing clients to pay for something (planning) that the majority of network agencies never thought to charge for before. It’s tough to explain that this change of heart has come about as a result of a need to replace revenues from rebates.</p>
<p>Some are managing this better than others. Those who have invested in technology, and the ability to derive insights from data and research are likely to fare rather better than those who see the word ‘transparency’ less as an ethos driving how they operate and more as a term in a contract to be worked-around and argued over as much as possible.</p>
<p>Within this context changes are afoot at both WPP/GroupM and Omnicom/OMG.</p>
<p>Love it or hate it, GroupM’s Xaxis was a game-changer. The Cog Blog was <a href="http://www.bjanda.com/blog/why-xaxis-needs-a-whyaxis/">critical</a> of the original set-up as a trading desk which bought and sold to and from itself. Even GroupM would admit that it took some time to <a href="http://www.bjanda.com/blog/whither-trading-desks/#more-742">settle down</a>. It’s certainly a different animal these days.</p>
<p>Since then we’ve had (in no particular order) the launch of mPlatform, the appearance of the addressable TV business Finecast, the merging of two media agencies into Wavemaker and the upgrading of the onetime digital specialist agency Essence into a full-blown network.</p>
<p>On the personnel front there’s been the appointment of Lindsay Pattison (from Maxus, a planner by background) to Chief Transformation Officer first of GroupM and now across WPP, and the replacing of the (buyer and deal-maker) Nick Theakstone with the (planner and client-friendly) Tom George at the head of the UK GroupM business.</p>
<p>Theakstone was tipped for the WPP UK country lead role (by many, including it is said, himself) but that has gone to Karen Blackett, one of the most admired media people in the business, and (in the over-simple planner/buyer divide) a planner.</p>
<p>Across the street at Omnicom, OMG has announced the demise of Rocket and its incorporation into the Hearts and Science agency, where (OMG says) it will bring the ‘heart’ to the ‘science’ bit.</p>
<p>It seems a little odd that you would launch an agency called Hearts and Science with one rather crucial element apparently not there.</p>
<p>As with Wavemaker it seems likely that cost savings not some Orwellian newspeak are the real reason for the consolidation.</p>
<p>Protecting margins aside, if the network media agencies are to recover their clients’ trust (and don’t let’s forget they are key to the holding companies’ financial performance) they have to become far more planning focussed.</p>
<p>That means bringing tools, techniques and creativity together to drive plans which in turn drive buys. Easy to say; harder to do as Mindshare’s CEO Nick Emery <a href="http://www.bjanda.com/blog/all-thats-right-all-thats-wrong/">reminded</a> us all last summer.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Creativity and Collaboration</title>
		<link>https://www.bjanda.com/blog/creativity-and-collaboration/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 15 Jan 2018 09:14:50 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=998</guid>

					<description><![CDATA[Last week’s Cog Blog came up with three ‘C’ words as hopes for 2018: collaboration, creativity and context. Today’s post touches on two of them. Ever since the dawn of man – or when I started in the business which is more or less the same thing – every sensible advertising man has realised in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s <a href="http://www.bjanda.com/blog/hopes-for-2018/">Cog Blog</a> came up with three ‘C’ words as hopes for 2018: collaboration, creativity and context. Today’s post touches on two of them.</p>
<p><span id="more-998"></span>Ever since the dawn of man – or when I started in the business which is more or less the same thing – every sensible advertising man has realised in his or her heart that a campaign using more than one medium will (all other things being equal) outperform one appearing on only a single channel.</p>
<p>TV and radio will always beat TV alone, assuming minimum thresholds are reached. Same with TV and magazines and so on.</p>
<p>One reason this mixed-media approach didn’t happen as often as it should was the supremacy of the creatives, who would often rather have more TV than have to go through the process of adapting a great idea into what they saw as an inferior media form.</p>
<p>Then there were the production cost arguments, and yada-yada.</p>
<p>Creativity beat any media argument, in other words.</p>
<p>We seem now to be hearing the same argument, this time from the media side, and in particular from some of the global platforms. Look at the reach, look at the likes, all you need is Facebook whisper some. Who on earth ever watches TV in this era of video wonderfulness argue others.</p>
<p>Media beats creative considerations, in other words.</p>
<p>OK I exaggerate, but not much. For several years there’s been this sense that anyone proposing a plan which, for whatever reason includes boring old media forms is either a Luddite, unhinged, or both.</p>
<p>As we’ve said before so often it’s becoming boring, everything has its place. Facebook, Google and the rest of the online media forms are great at certain tasks. They’re also rubbish at others, one of which is brand-building.</p>
<p>It’s obvious why. Look at how consumers use these channels. They’re often looking for something specific, their time spent on each page is short, they don’t really appreciate battery-guzzling, data-eating , time-consuming ads.</p>
<p>Even today, sometimes a lovely ad comes along. Entertaining, involving, and (it has to be said) probably on TV. Here’s an example of what I mean courtesy of AdAge from the <a href="http://creativity-online.com/work/audi-clowns/52797">peerless BBH</a>.</p>
<p>Someone thinking more media less creative might think: ‘Who needs 90 seconds; no-one these days watches for more than 6 seconds’.</p>
<p>There are surely enough admen left in media who appreciate that persuading short-attention-span ad-blocking social-media-obsessive audiences to discover the ad in its original form is a worthwhile objective.</p>
<p>And to do so by collaborating across all media forms, advertising and non-advertising, online and offline to drive audience towards a brand building message. Then that message does its job.</p>
<p>A media agency could no more have made this ad than fly to the moon, but they can use their imaginations to help create fame.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Hopes for 2018</title>
		<link>https://www.bjanda.com/blog/hopes-for-2018/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Jan 2018 09:47:42 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=994</guid>

					<description><![CDATA[So here we are, at the start of a new year. Will the media roundabout slow so that we can all draw breath; or will it speed up, throwing those without a firm grasp off? Here goes with my hopes for 2018. I hope advertisers continue the process of taking back control of their media [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>So here we are, at the start of a new year. Will the media roundabout slow so that we can all draw breath; or will it speed up, throwing those without a firm grasp off?</p>
<p><span id="more-994"></span>Here goes with my hopes for 2018.</p>
<p>I hope advertisers continue the process of taking back control of their media activities. As well as making or at the very least monitoring buys I can see greater efforts to link their business metrics to media spend. Clients will continue to correct the historic error they made delegating all spend responsibilities to their media agencies with the minimum of involvement or supervision.</p>
<p>I hope the network media agencies (who will otherwise surely lose out in the age of the more informed and engaged advertiser) get their act together. The industry needs the biggest to be better.</p>
<p>That means restoring trust through their planning capabilities, and justifying why that’s something worth paying for. With many changes at the top of the networks maybe 2018 will be better than their dreadful last 2 years.</p>
<p>I hope for continued success for the independents. The business needs a flourishing independent sector. It would be good for the business if one of them could land a multi-national against the might of the networks. I suspect they might.</p>
<p>I hope (not for the first time) that ‘collaboration’ becomes the key media agency word of 2018. The agencies need to focus on their core strengths and recognise that the likes of Iotec, Neustar and the management consultancies offer something they can’t. The opposite is true too, of course.</p>
<p>I hope ‘context’ becomes the key media measurement word for 2018. We all know that reading something in a newspaper or magazine is different from scanning a social media platform; that viewing something on a proper TV set is a different experience from viewing the same thing on a phone. It’s time to recognise these differences in every way – including how we quantify exposure.</p>
<p>Next, as last year I hope that quality journalism will (continue to) flourish despite all the ‘fake news’ noise. The <a href="https://www.nytimes.com/2017/07/27/business/new-york-times-company-2q-earnings.html">signs are there</a> in the USA, with some of their greatest newspapers reporting improved numbers. Here in the UK the picture is mixed (virtually every paper had a dire November) but there are stirrings.</p>
<p>I hope creativity wins over bald numbers. Clients may prefer the certainty of numbers over the risky business of backing their judgements (isn’t that what they’re paid for?) but the fact that most online ads suck does no-one any favours and will ultimately risk the health of their brands. Marketing isn’t just about picking the biggest number.</p>
<p>Finally, I hope media agency leaders step up and speak out more on media topics of great concern to their clients, such as the increasing domination of GAFA.</p>
<p>They have the platform, they need to spend less time worrying about their self-serving deals and more on doing what they can to ensure their clients have access to a flourishing and diverse media landscape within which to promote and grow their businesses.</p>
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		<title>The Year 2017</title>
		<link>https://www.bjanda.com/blog/the-year-2017/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 19 Dec 2017 09:29:26 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=989</guid>

					<description><![CDATA[Disclaimer – we have done work in the past for the7stars We’ve arrived at the last Cog Blog post of 2017. It’s been a bit of a year, hasn’t it? For a long time, the holding company media agencies held primacy – they were the largest, with the greatest resources and the internal certainty that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>Disclaimer – we have done work in the past for the7stars</em></strong></p>
<p>We’ve arrived at the last Cog Blog post of 2017. It’s been a bit of a year, hasn’t it?</p>
<p><span id="more-989"></span>For a long time, the holding company media agencies held primacy – they were the largest, with the greatest resources and the internal certainty that they were infallible. Pitches seemed to be a constant game of pass-the-parcel.</p>
<p>Many consultants (and bloggers) with big agency experience thought this couldn’t last. Surely buyers couldn’t continue to ignore plans in order to meet the deals they had struck with their mates – deals designed to benefit the agency’s revenue over the marketing needs of their customers? Sooner or later someone was bound to notice.</p>
<p>The question was: who? Clients knew no better after decades of showing a disgraceful lack of interest in how their money was being spent. Planners, far too often seen as window-dressing by those agencies who knew exactly how to play the revenue game were told to go out and sell whatever the buyers had decided they should sell. A good planner can easily convince even a moderately well-informed client to choose medium A over medium B.</p>
<p>This abusing of plans and ignoring of client objectives was the real story of the Jon Mandel 2015 presentation to the ANA (the moment when the first cracks in the wall appeared). Not so much the fact that there were rebates and kick-backs, but that client budgets were being misdirected.</p>
<p>Mandel caused the wheels on the network agency juggernaut to wobble a little; the ANA report loosened the nuts a little more; the WFA, ISBA and the famous Marc Pritchard speech sent the wheels spinning away from the vehicle.</p>
<p>The network agencies’ revenues started to slow as clients demanded transparency in everything (justified or not). Holding company share prices stalled, illustrating what many have long known – they have become over-dependent upon their media agencies.</p>
<p>Forget the excuse that the holding companies have been hit by a slow-down in FMCG ad spends. As Ebiquity has pointed out marketing expenditure, as opposed to traditional ad expenditure is in rude health going into 2018. The real issue faced by the giants is how to re-energise media agency revenues by legitimately charging for excellence in planning. Very hard to do when you’ve been giving the planning away for free. It’s never easy to change the engine at 30,000 feet.</p>
<p>There have been positive developments on three fronts this year. All have come about because of a realisation that far too many in the media agency business have been allowed (in part by their clients) to get away with being less than transparent for years.</p>
<p>2107 was the year when this became obvious to more than us few geeks.</p>
<p>One, clients are now much more informed about and involved in all things media, ensuring they get the best advice and see it carried through into the buys. Credit to the likes of ID Comms, Ebiquity, Media Sense and others for showing clients the way.</p>
<p>Two, some sense of perspective is returning to how we perceive, plan and buy online media. Yes, it can be valuable; no, it’s not always the answer; yes, the massive and largely un-necessary infrastructure built around so much of it is crumbling. GDPR will likely give the worst bits a good shove into oblivion.</p>
<p>Finally, true alternatives to the network agencies have emerged. Increasingly clients are taking control of aspects of their media placements. The management consultancies with their data capabilities and their superior access to client boardrooms are now firmly amongst us.</p>
<p>And gratifyingly the Media Agencies of the Year here have both been independents who place true transparency at the heart of everything they do. They live and breathe the concept as opposed to seeing it as a clause on a contract to be worked around.</p>
<p>All credit to the7stars and to Goodstuff. Within our small world they’ve shown the way in 2017; the network agencies (almost of all of whom are under new leadership) should learn from them in 2018.</p>
<p>&nbsp;</p>
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		<title>How To Win At Awards</title>
		<link>https://www.bjanda.com/blog/how-to-win-at-awards/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 07 Dec 2017 09:01:05 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=985</guid>

					<description><![CDATA[I’ve been judging the annual Mediatel Media Research Awards. Well done to all who entered, taking on what is a major commitment. In the exact opposite of a spoiler I can assure you that this post contains zero details of shortlists, winners, losers or anything else relating to the judges’ decisions. What it does seek [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’ve been judging the annual Mediatel Media Research Awards. Well done to all who entered, taking on what is a major commitment. In the exact opposite of a spoiler I can assure you that this post contains zero details of shortlists, winners, losers or anything else relating to the judges’ decisions.</p>
<p><span id="more-985"></span>What it does seek to do is to offer some (hopefully) constructive advice to those entering (not just these ones; I’ve done my share across various awards). What follows may seem obvious, but these points are frequently overlooked.</p>
<p>First, keep to the rules and most specifically the word count. That much <u>is</u> obvious. If you’re allowed to use links as appendices do use them, but not as a way of getting around the word count. It’s an old trick, and judges are wise to it. If you want to include an ad or a chart, make sure the link works. If it doesn’t, you can be sure we won’t bother with it.</p>
<p>Second, don’t spend valuable words telling us how wonderful you and/or your organisation are. That’s for us to decide. If your PR people push you to put in the corporate plug, tell them that you’re less likely to win if you do as they ask. Judges have spent half a lifetime spotting puffery.</p>
<p>Third, please don’t make in-jokes. They might seem hilarious to you and your colleagues; to us they’re both incomprehensible and a waste of words.</p>
<p>Fourth have someone outside your immediate circle review your entry. The majority of entries I read (and not just in these particular awards) are confusing and badly written.</p>
<p>Get someone outside the business to read your entry. Did they understand it? They don’t have to appreciate all the clever technical twists and turns, but they do need to get the drift. If it’s well enough written they’ll get it; if it’s stuffed full of jargon and doesn’t flow as a narrative they won’t.</p>
<p>Next, check the basics – spelling and grammar included. I recall one entry that included charts pulled from a presentation for a different client, with the different client’s name still on the layout.</p>
<p>Making basic mistakes will send the message you don’t care about the detail. Not a good idea if you want to win.</p>
<p>Finally, be aware of who the judges are. I have a memory of one entry once that referenced something I was myself directly involved in with at least one important element misquoted. Just remember the judges are selected because we know stuff; don’t assume we don’t.</p>
<p>This year’s Mediatel awards had over 90 entries. The judges read almost all of them (some of us opted out of a few for reasons such as having a vested interest).  The ones that did well are the ones that (aside from being smart, original and answering a need) read well, were easy to understand, and had a structure. You need a beginning, a middle and an end; what you set out to do, what you did, and what you achieved.</p>
<p>If you entered, well done. Ordering your thoughts, building a case, summarising your work are all great disciplines that will stand you in good stead in your career.</p>
<p>If you hear you’ve been shortlisted, congratulations. Out of 90 plus entries you stood out. That’s a terrific achievement.</p>
<p>If you won – thanks for being the reason why I judge these things: sometimes I read an entry that teaches me something, and at the same time makes my heart sing.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Stopping Hate Versus Editorial Freedom</title>
		<link>https://www.bjanda.com/blog/stopping-hate-versus-editorial-freedom/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 30 Nov 2017 08:55:04 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=983</guid>

					<description><![CDATA[A UK campaign group called Stop Funding Hate has called on major advertisers to boycott certain newspapers, notably ‘The Daily Mail’, ‘The Daily Express’ and ‘The Sun’. This mirrors the actions of a similar group in the US called Sleeping Giants who have been particularly focussed on Breitbart. This is nothing new. Way back when, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A UK campaign group called Stop Funding Hate has called on major advertisers to boycott certain newspapers, notably ‘The Daily Mail’, ‘The Daily Express’ and ‘The Sun’. This mirrors the actions of a similar group in the US called Sleeping Giants who have been particularly focussed on Breitbart.</p>
<p><span id="more-983"></span>This is nothing new. Way back when, Mary Whitehouse and campaigners like her sought to pressure advertisers to steer clear of certain TV shows they considered to be morally questionable, with the aim of stopping their transmission.</p>
<p>The modern groups’ point is that the titles they’re campaigning against spread hate and division; the opposing point is that whether we agree or disagree with the positions taken up by the owners and editors of these and other papers they should surely be free to express their point of view, always assuming they act within the law (which admittedly they sometimes don’t).</p>
<p>The Cog Blog has covered this issue before, in <a href="http://www.bjanda.com/blog/using-influence/">January 2017</a>. I’ve also made my <a href="http://www.bjanda.com/blog/mail-and-farewell/#more-184">views on ‘The Daily Mail’</a> in particular very clear; to be blunt I despise and loathe it.</p>
<p>But that’s not the same thing as agreeing that it’s OK to ask advertisers to stop spending in an attempt to influence editorial policy. As a spokesman for John Lewis said: “Withdrawing advertising on the basis of editorial coverage would be inconsistent with our democratic principles, which include freedom of speech and remaining apolitical.”</p>
<p>Readers of this blog don’t need telling that advertisers use a number of methods to select where to spend their money, based around the characteristics of the audience delivered including size, demography, values, and brand and category preferences and behaviours.</p>
<p>Readers read editorial that broadly reflects their opinions. The media (in every sense of the word) is a mirror.</p>
<p>Stop Funding Hate takes the view that the best way of meeting their goals is to identify advertisers and publicly pressure them to change their plans. It might be more productive in the long term to make the case that the values of the vehicle’s readership are incompatible with those of the advertiser.</p>
<p>This might seem a semantic difference, but it really isn’t. If advertisers are to be convinced not to advertise in ‘A’ or ‘B’ then the argument needs to be around audience values, not size, demography or even the words on the page that drive those values. Size is far less relevant than it once was – these days any agency can buy around any publication by finding the audience it wants elsewhere.</p>
<p>The lazy argument goes ‘we campaign against any editorial that directly or indirectly promotes hate and division’. It’s lazy because it is so easily dismissed by owners crying ‘freedom of speech’.</p>
<p>The argument needs to be more considered, based on values and how they transfer. It needs to move the debate on to demonstrate that by advertising around editorial that expresses a world view that does not sit well with the brand, the brand is tarnished.</p>
<p>Advertisers are always anxious about being seen to do anything that runs counter to free speech (always excluding anything illegal).</p>
<p>If evidence was to be produced that linked the values espoused by publications, with the impact on buyers’ perceptions of those brands then groups like Stop Funding Hate and Sleeping Giants would be more likely to achieve their goals.</p>
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		<title>Describing Toast to a Martian</title>
		<link>https://www.bjanda.com/blog/describing-toast-to-a-martian/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 21 Nov 2017 10:08:23 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=979</guid>

					<description><![CDATA[Everyone’s an expert in two things, their own job and advertising. Everyone has a point of view and at a time when we all have a social media presence it’s easy to confuse that with being an expert. Expertise has unfortunately become devalued; the prevailing sentiment is that my view is as important as the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Everyone’s an expert in two things, their own job and advertising. Everyone has a point of view and at a time when we all have a social media presence it’s easy to confuse that with being an expert.</p>
<p><span id="more-979"></span>Expertise has unfortunately become devalued; the prevailing sentiment is that my view is as important as the next man’s even if I’m prepared to accept that I know little about the topic in question.</p>
<p>Take the measurement of audiences. It’s easy to have a view on what we want; it’s far harder to persuade others and it’s even harder to come to a deliverable solution.</p>
<p>Video ads on Facebook, YouTube and others are consumed differently from ads on a TV set. There’s a view that they should be measured differently.</p>
<p>There is also a case that all video, including TV on a TV set should be measured through one system. After all a planner needs to be able to compare and contrast, a process that goes beyond counting eyeballs to take in such as engagement and impact.</p>
<p>Inter-media decisions are under the microscope and so the cry goes up for one all-encompassing measurement system.</p>
<p>It would be helpful if those doing the crying-out found the time to debate their opinions with other experts. This is not an easy thing they’re demanding; delivering to it will involve give and take and compromises.</p>
<p>Last week at the asi Conference in Nice the closing panel discussion was entitled: ‘Who really needs a total video currency’.</p>
<p>On the panel was one moderator, one advertiser, two broadcasters, YouTube and Facebook. No agencies.</p>
<p>This was a shame as the agencies clearly have a point-of-view, and aren’t afraid to share it. GroupM’s excellent ‘The State of Video’ concludes: <em>“The goal is obvious: who watched what, where, for how long and on what device. This means an apples-to-apples comparison, a basic building block to assess relative value. The ideal would be a universal, any-screen, respondent-level method with automatic content recognition. The volume of connected devices already deployed seems sufficient to make this a reality, if only the industry would unite to get behind it, as it has to meet past challenges”.</em></p>
<p>Calling for something is easy; debating it with other industry parties (not all of whom might share the same view) with the aim of uniting, is harder.</p>
<p>Which brings me back to experts. Creating wonderful, inspiring advertising is a great skill, AI or no AI. Recognising such a skill at an early stage takes experience and expertise.</p>
<p>The once-famous JWT copy test, given to all aspiring copywriters, once asked those taking part to describe a piece of toast to a Martian in ten words or less.</p>
<p>One contestant wrote: NGTFV KLOWS HQWRT JKWYT ZEFYQ PTUVX (apologies if I’ve misquoted; it was a while ago).</p>
<p>Asked to explain, he said that he had naturally written his answer in Martian.</p>
<p>Stick that up your algorithm and smoke it.</p>
<p>&nbsp;</p>
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		<title>Conference Time</title>
		<link>https://www.bjanda.com/blog/conference-time/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 06 Nov 2017 09:11:09 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=976</guid>

					<description><![CDATA[Later this week I will be doing my annual chairing stint at the asi conference in Nice. This will as usual see the cream of the audience measurement world (yes I know, and me) gather to discuss a topic which in recent years has moved from the media back office to (if not centre stage) [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Later this week I will be doing my annual chairing stint at the asi conference in Nice. This will as usual see the cream of the audience measurement world (yes I know, and me) gather to discuss a topic which in recent years has moved from the media back office to (if not centre stage) then certainly closer to the spotlight.</p>
<p><span id="more-976"></span>To reflect the fact that these days how we measure audiences is more critical, more topical and more controversial than ever we have speakers including the current WFA President (and CMO at RBS) David Wheldon, and Bob Hoffman (better known as The AdContrarian), as asi looks beyond the research specialists (who form a crucial spine to both the debate and the event) to a broader group of industry influencers.</p>
<p>Conferences have had a bad press lately – largely down to some perfectly good points made on LinkedIn by Zenith’s Tom Goodwin, a prolific holder of views on multiple topics.</p>
<p>To recap, Tom, and a wide range of critics (including me) maintain that conferences are increasingly sponsorship driven (If you don’t sponsor you don’t get to speak, which both limits the quality and the breadth of discussion); are too many in number; and are often unfocussed. Personally if I read one more invitation that considers ‘networking opportunity’ to be a main reason for me turning up I’ll scream.</p>
<p>The asi event isn’t like that. First, it has heritage having been going for 28 years. Second it is focussed on matters relating to audience measurement (including what we need, how to get it, how we use it, what’s wrong with what we’ve got and so on). Third although it’s fun to meet there is never any question that the real reason for being there is to share and to learn. Fourth although it is sponsored the organisers pick the papers and the speakers that will lead to a balanced event and thus attract an audience.</p>
<p>There is a sense of community. I was amazed to learn that around 70 people have been to every one of the 28 events (the total usually tops 300). Those attending are asked at the early stage of planning for their thoughts on what topics they would like included next time; and are invited (an invitation they take up in large numbers) to give their feedback immediately after the event.</p>
<p>Weirdly media agencies’ senior management don’t generally attend. You would have thought, given their willingness to comment in the press on what’s wrong with audience measurement that they would welcome the chance to come along to participate in the debate so that their voice can be heard.</p>
<p>Agencies are often asked to speak (kudos to MEC and Publicis Media who are doing so this time, and to VCCP Media who were speakers last year) but they usually decline. ‘No budget’ is the most common reason for non-attendance – a reason that oddly doesn’t seem to restrict them showing up in numbers at Cannes, or DMEXCO.</p>
<p>It’s always a pity when one important element of the industry is missing from an event that aims to set the measurement agenda. I expect we’ll manage.</p>
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		<title>Caring About the Work</title>
		<link>https://www.bjanda.com/blog/caring-about-the-work/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 Oct 2017 07:45:33 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=973</guid>

					<description><![CDATA[In the old full-service days, people never used to go into ‘media’. They went into advertising and specialised in media. Or they went into sales, and specialised in selling ad space or time. When media agencies started, one obvious impact was the split with creative. Mind you it had always been there even inside the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In the old full-service days, people never used to go into ‘media’. They went into advertising and specialised in media. Or they went into sales, and specialised in selling ad space or time.</p>
<p><span id="more-973"></span>When media agencies started, one obvious impact was the split with creative. Mind you it had always been there even inside the full-service agencies, simply as a function of human nature and practicality. For practical reasons, departments were physically silo-ed. Human nature determined that many media individuals simply didn’t understand and found it hard to mix with their creative counterparts (and vice-versa). Naturally there were exceptions; the true integrators were the ones who did well.</p>
<p>Specialisation and financial independence meant that over time the media-creative divide got worse rather than better.</p>
<p>Never mind, divide or no divide today it seems everyone is in ‘advertising’. Not just those involved in its creation, but those who sell it, who buy it, who plan it, even those who manage the technology that allows those buying it to buy it.</p>
<p>Many are too far removed from the creation of the advertising even to know what they’re placing, let alone how it came into existence.</p>
<p>Those involved (in the broadest sense) in the creative process understand their role in the team. A media professional’s part is about understanding where, when, how and to whom the message can most effectively be aimed.</p>
<p>I would say that’s pretty key, and should happen early on and as a major contributor to the creative process but I would also say that the form and content of the message trumps all. After all, the best media plan, the cheapest buy, the cleverest algorithm, the most amazing technology all count for nothing if the message is crap.</p>
<p>Ad agency people have to care about the message. It’s their product. Media people need to understand everything about the message in order to do their jobs well. Sales people should at the very least care sufficiently to know what the message is.</p>
<p>You may be brilliant at technology or understand all there is to know about attribution and click-through rates. But these are a means to an end; the end is about making the message work as hard as possible.</p>
<p>In May 1947 Bill Bernbach wrote a letter to all staff at his agency, Doyle Dane Bernbach. Here’s part of what he wrote:</p>
<p>“There are a lot of great technicians in advertising. And unfortunately, they talk the best game. They know all the rules…They can give you fact after fact after fact. They are the scientists of advertising. But there’s one little rub. Advertising is fundamentally persuasion, and persuasion happens not to be a science, but an art.”</p>
<p>70 years later there may be more science than there used to be in advertising but it’s still more art than anything else.</p>
<p>Many years ago I led the team responsible for this ad for <a href="http://www.hatads.org.uk/catalogue/record/075a74b4-4c30-4a6b-b67c-185dfdf551e0#.WZBpf1ON_bI.email">‘The Observer’</a>. I remember the media director at the agency (also my boss) telling me I had to produce a 30-second cut-down. I refused. We won awards (part of the strategy was to influence the agencies; having our ad played for free at award ceremonies was an efficient way to do that) and the whole campaign was a commercial success. No doubt if I had listened the media reach would have been higher.</p>
<p>Look at this <a href="https://www.bing.com/videos/search?q=audi+clowns+advert&amp;&amp;view=detail&amp;mid=CF642EF044531091DE04CF642EF044531091DE04&amp;&amp;FORM=VDRVRV">ad for Audi</a>. Exactly the same points about the car’s attributes could have been communicated by a guy standing in a room with a flip-board. Sadly I bet someone&#8217;s reading this and thinking about 2 second ads for FB featuring just that on the basis that 2 seconds is all you need. Believe me it wouldn’t work as well.</p>
<p>As a media guy you simply can’t become as good as you could be in an organisation focussed more on delivering margins, or science over great advertising. And yes, I know someone will say those things aren’t incompatible and in theory they’re right, but in practice the evidence is that they’re wrong.</p>
<p>Care about ‘the work’. If you don’t, can’t or couldn’t care less then you’re in something other than advertising.</p>
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		<title>Agency Management – Echoes of the Past</title>
		<link>https://www.bjanda.com/blog/agency-management-echoes-of-the-past/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 19 Oct 2017 08:40:17 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=971</guid>

					<description><![CDATA[Disclosure – I have done work in the past for the7stars, mentioned here Last week’s Cog Blog noted that out of the six major holding companies, the UK heads of three of them (Havas, Starcom, Carat) along with the EMEA President of OMD have all announced their departures. People leave their jobs for all sorts [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><u>Disclosure – I have done work in the past for the7stars, mentioned here</u></strong></p>
<p>Last week’s <a href="http://www.bjanda.com/blog/changes-changes/">Cog Blog</a> noted that out of the six major holding companies, the UK heads of three of them (Havas, Starcom, Carat) along with the EMEA President of OMD have all announced their departures.</p>
<p><span id="more-971"></span>People leave their jobs for all sorts of reasons, of course, and no-one is suggesting some sort of weird collaboration designed to undermine the entire holding company sector, but you have to admit it is unusual for four such senior figures to leave at pretty well the same time.</p>
<p><a href="http://www.campaignlive.co.uk/article/media-agency-exodus-absence-industry-leadership/1447328?bulletin=campaign_media_weekahead&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20171016&amp;utm_content=Campaign%20Media%20the%20week%20ahead%20(7)::&amp;email_hash=">Gideon Spanier</a>, in a ‘Campaign’ article argued that agencies need to change, that change needs leadership, and that leadership seems to be in short supply.</p>
<p>There is an echo of the old days when media agencies were but a twinkle in a few eyes. Back then, full-service agency media directors left their comfortable, well-paid roles to set up what were then called media independents. People like Chris Ingram (of CIA, now MEC); David Reich and Ray Kelly (TMD, later Carat); Alan Rich (The Media Business later MediaCom) and several others all took a huge risk.</p>
<p>Their reasons were primarily to do with the lack of respect full-service managements had for their positions, and the fact that they weren’t as fully involved as they might have been in decisions on the agency’s direction of travel. Within any full-service agency, media delivered the majority of revenue, whilst accounting for a below-average share of costs. Media was truly ‘below stairs’.</p>
<p>This of course changed dramatically as a result of the risks taken by the people mentioned above. Others (like Nick Manning and Colin Gottlieb, Jonathan Durden, David Pattison, and Nick Horswill) formed a successful second wave, which with the agency-owned operations like Zenith led us to the dynamic sector we’re all familiar with.</p>
<p>The business was led by true risk-takers and entrepreneurs.</p>
<p>But look around today’s industry (even before the purge of last week). I wouldn’t claim to know Pippa Glucklich, Nikki Mendonca, Tracey de Groose, or Paul Frampton well although no doubt all are strong leaders. All sit within large organisations over which they have perhaps less influence than they would like.</p>
<p>All appear to be client-facing by nature, professionals who put their clients first and central. They must find it hard to observe client trust in their organisations being eroded. Public criticism of their agencies’ lack of transparency must grate.</p>
<p>The truth is that as an opco leader in one geography their ability to influence their holding companies is limited.</p>
<p>Their positions are analogous to the old media heads of full-service agencies. Lacking ultimate influence over their companies’ behaviours; delivering the money to shore up other less financially successful elements of the holding group; frustrated at not being able to do what they feel is right.</p>
<p>To take one example, the holding companies have as one dismissed ISBA’s media agency contract framework as ‘unhelpful’. Let’s say, hypothetically that one of Frampton, de Groose or Glucklich were in favour of working with ISBA (as well they might be given that those responsible for the UK Government’s media review (in which de Groose’s Aegis is incumbent) are planning on using the ISBA framework). Would Havas, Dentsu Aegis, or Publicis be prepared to give ground in what some seem to think is a holy war against advertiser trade bodies?</p>
<p>The successors to the Ingrams and the Kellys, the Pattisons and the Durdens are to be found in the7stars, or at Goodstuff (who bought themselves out from Omnicom). These people (Jenny Biggam, Mark Jarvis, Andrew Stephens et al) took a risk – a big risk when they left their previous far larger organisations. They’re the successful ones; others have tried and failed. It wouldn’t be much of a risk if it was easy.</p>
<p>I think it unlikely that Frampton, Glucklich, de Groose and others still to come will reappear in another holding company. Aside from Nikki Mendonca who’s going to Accenture I suspect they’ll be more likely to give it a go on their own, or at the very least to pick an organisation in which they’ll have a greater degree of autonomy.</p>
<p>In the 1970’s we had media independents, who reshaped the industry.</p>
<p>It can’t be a lot of fun in the large network agencies at the moment. I suspect we’re about to enter a golden age of independent media agencies.</p>
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		<title>Changes, Changes</title>
		<link>https://www.bjanda.com/blog/changes-changes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 13 Oct 2017 09:29:03 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=968</guid>

					<description><![CDATA[This post was going to be all about the new ‘Campaign’. But it would be remiss of me not to log that this was the week in which four out of the six holding company media operations lost a senior UK-based member of their management. Dentsu Aegis lost their UK CEO Tracy de Groose; Starcom’s [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This post was going to be all about the new ‘Campaign’. But it would be remiss of me not to log that this was the week in which four out of the six holding company media operations lost a senior UK-based member of their management.</p>
<p><span id="more-968"></span>Dentsu Aegis lost their UK CEO Tracy de Groose; Starcom’s UK CEO Pippa Glucklich quit; Havas’ UK CEO Paul Frampton announced his departure; as did OMD’s EMEA President Nikki Mendonca.</p>
<p>Mendonca has gone to Accenture (<a href="http://www.bjanda.com/blog/advance-of-the-management-consultancies/">wonder why that might be</a>?); the others are yet to announce their next moves. It all leaves IPG and GroupM looking like pillars of stability.</p>
<p>No doubt a future Cog Blog will return to this series of coincidences and any possible connection to the decline in holding company performance in due course. Meanwhile, back to ‘Campaign’.</p>
<p>At the end of July ago I wrote <a href="http://www.bjanda.com/blog/au-revoir-campaign/">a piece</a> about the demise of the weekly ‘Campaign’ and what was then its soon-to-be-re-emergence as a monthly title. Sure enough, mid-September the new version duly thudded onto the doormat.</p>
<p>The first edition was much commented upon notably by Dominic Mills who, as a distinguished ex-Editor has (as always) <a href="https://mediatel.co.uk/newsline/2017/09/18/cologne-v-cannes-the-battle-of-the-shows/">an opinion</a> worth reading.</p>
<p>Events here and from AdWeek in NY meant it was easy to decide to wait to see the second monthly edition before commenting. The new edition duly appeared this week.</p>
<p>For what it’s worth I think the new magazine is great – it looks good, there are several pieces I wanted to read and the whole thing has the look and feel of a serious title.</p>
<p>Commercially, there are ads (the old weekly was becoming very thin). Yes, OK many are for in-house promotions or sister events but by my reckoning and ignoring the paid for editorial (or ‘partner content’) there were 29 pages in the launch issue. You could expect that to drop – and indeed it did to (I think) 24 pages. Still not bad in a 104-page book (in itself down from the launch 110-page issue)</p>
<p>Editorially, as you would expect from a monthly there was less tittle-tattle and more reasoned discussion and debate. They could perhaps do with a big-name ‘destination’ columnist or two (like Mark Ritson over at ‘Marketing Week’ or Dominic Mills at ‘Mediatel’) but maybe that’s to come.</p>
<p>Whether by accident or design (design surely) the change of tone reflects the mood of the industry. New business wins and who’s going where are all very well (and are well catered for online) but they tend to pale into insignificance when the whole industry is under threat from a toxic mix of circling predators (be they management consultancies or private equity businesses) and self-inflicted concerns over trust, transparency, objectivity and the very role of the agency.</p>
<p>My own measure of a magazine’s value is how bad I am at throwing them out. When I was looking for a start in advertising my bedroom was filled with old, yellowing copies of ‘Campaign’. It didn’t feel respectful somehow to chuck them away.</p>
<p>I feel much the same today about ‘The New Yorker’. It’s clearly such a labour of love putting it together it just feels wrong to discard it.</p>
<p>I’ve still got the first issue of the new ‘Campaign’, convinced that I will find something I am yet to read in it.</p>
<p>Maybe I’m not quite as fond of it yet as I was of the old weekly, but give it, and me time.</p>
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		<title>Transparency Bites Aegis</title>
		<link>https://www.bjanda.com/blog/transparency-bites-aegis/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 06 Oct 2017 11:01:33 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=965</guid>

					<description><![CDATA[Disclosure – I worked at Aegis from 1994 &#8211; 2000 ‘Transparency’ as a topic isn’t going to go away, despite the holding companies (in particular) doing the corporate equivalent of sticking their fingers in their ears and dancing around going la-la-la. Following the original speech by Jon Mandel, last year’s ANA report, and good follow-up [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><u>Disclosure – I worked at Aegis from 1994 &#8211; 2000</u></strong></p>
<p>‘Transparency’ as a topic isn’t going to go away, despite the holding companies (in particular) doing the corporate equivalent of sticking their fingers in their ears and dancing around going la-la-la.</p>
<p><span id="more-965"></span>Following the original speech by Jon Mandel, last year’s ANA report, and good follow-up work by both the WFA and ISBA, the <a href="https://www.wfanet.org/news-centre/global-marketers-making-radical-changes-to-media-management/">latest survey</a> of WFA members still shows almost half (47%) of those questioned still consider transparency in relation to media agencies to be their number one priority.</p>
<p>The major holding companies still seem to be in denial when it comes to public utterances, preferring to lecture advertisers on how to run their businesses.</p>
<p>One CEO, Aegis’ Jerry Buhlmann did at least raise his head above the parapet and <a href="https://adexchanger.com/agencies/dentsu-aegis-ceo-jerry-buhlmann-eventually-everything-will-become-programmatic/">comment on the ANA’s report. His conclusion?</a> “Following that report, we didn’t get any feedback from clients. I’m not sure it’s a particularly big deal in the real market.”</p>
<p>The inference being that all us moaners and out-of-touch commentators have been talking to ourselves in a bubble of irrelevance to those (like Jerry) operating in the ‘real market’.</p>
<p>Well, events over the last two weeks seem to be proving Jerry wrong.</p>
<p>First, one of Jerry’s own, an ex-Carat executive, broke cover. Martin Cass, one time head of Carat USA and sometime leading light of Carat in the UK went on a panel at <a href="https://mumbrella.com.au/clients-wont-trust-media-agencies-clean-act-warns-former-agency-chief-474836">Advertising Week in New York</a> to discuss amongst other things the decline in holding company performances.</p>
<p>Here’s what he had to say on agency revenues:</p>
<p>“Dentsu in North America which is basically Carat was down 6.7%. Yet they’re winning new business. So, the question is: if you’re winning new business and yet your numbers are going down, that must mean the money you were making before wasn’t out of the effective commission. Where was it coming from?”</p>
<p>“Because what it means is you’re running a business that isn’t profitable unless you’re able to make it on the side.”</p>
<p>In other words, forget the convenient excuse that large advertisers are spending less, the real reason driving poor holding company performance is that they can no longer rely on unofficial income via kick-backs, arbitrage and the rest.</p>
<p>Martin Cass now runs the independent MDC Media Partners, and so he undoubtedly has some skin in the transparency game. He did though work at Carat in various guises for around 20 years, so he can certainly claim to know them well from the inside.</p>
<p>Then Mark Ritson, writing in <a href="https://www.marketingweek.com/2017/10/03/mark-ritson-media-buying/?cmpid=em~newsletter~breaking_news~n~n&amp;utm_medium=em&amp;utm_source=newsletter&amp;utm_campaign=breaking_news&amp;eid=4062818&amp;sid=MW0001&amp;adg=F568EB9B-CEA1-4F76-9F42-B1D1646E6A35">‘Marketing Week’</a> picked up and expanded upon Cass’ comments (which to be fair were critical of all the holding companies, not just Aegis) in a piece entitled: ‘Media buying’s deadly sins – and why agencies are too late to save their souls.’</p>
<p>Of course, media agency transparency isn’t the only game in town. There’s ad fraud, measurement and other issues at Google and Facebook, programmatic placements onto inappropriate sites, and fake news, to name but a few.</p>
<p>None of these can be uniquely and directly laid at the media agencies’ doors. Transparency in buying, and management of the digital supply chain on the other hand can. Which leads to another event that seems to contradict Jerry Buhlmann’s ‘nothing to see here’ comment.</p>
<p>This week the UK Government’s £140m media buying account which moved to Aegis from WPP (amid a flurry of threats of legal action from Sir Martin Sorrell) in 2014 has been placed into statutory review, with the process beginning in February 2018.</p>
<p>The head of Government Communication, Alex Aiken in <a href="http://www.campaignlive.co.uk/article/government-launch-140m-media-buying-review-with-transparency-heart/1446551?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20171006&amp;utm_content=Campaign%20Media%20(49)::www_campaignlive_co_uk_ar_1&amp;email_hash=">‘Campaign’</a> has quoted Marc Pritchard of P&amp;G’s comment that ‘the digital supply chain is murky at best and fraudulent at worst’ in his desire to place transparency at the heart of the review.</p>
<p>One huge step forward in that direction is that the Government will use the ISBA’s media agency contract framework in the review.</p>
<p>It is said in the ‘Campaign’ piece that the Government will approach all 6 holding companies – which seems to miss a golden opportunity to consider the (transparent) independent sector.</p>
<p>It was in December 2016 that the US-based media consultant <a href="https://www.linkedin.com/pulse/dentsu-aegis-poster-child-ad-industry-transparency-concerns-campeau/?trk=prof-post">Cliff Campeau</a> described Dentsu Aegis as ‘the poster child for the industry’s transparency concerns.’</p>
<p>Martin Cass’ comments confirmed Cliff’s foresight. We’ll see if the UK Government agrees.</p>
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		<title>Uber and Fetch</title>
		<link>https://www.bjanda.com/blog/uber-and-fetch/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Sep 2017 07:48:45 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=962</guid>

					<description><![CDATA[You can’t turn your back on this industry for a second at the moment in case you miss a new launch/innovation/news/scandal. The Cog Blog was on a short break last week – which naturally meant that several of the above snuck up on me whilst I wasn’t paying attention. The most significant was the news [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>You can’t turn your back on this industry for a second at the moment in case you miss a new launch/innovation/news/scandal. The Cog Blog was on a short break last week – which naturally meant that several of the above snuck up on me whilst I wasn’t paying attention.</p>
<p><span id="more-962"></span>The most significant was the news that Uber has <a href="http://adage.com/article/digital/uber-sues-dentsu-s-fetch-media-fraud/310503/">decided to sue</a> its mobile agency Fetch (part of Dentsu Aegis). Fetch has (as is so often the way with these things) reacted by counter-claiming against Uber.</p>
<p>The nub of the Uber claim is that Fetch are guilty of two ‘crimes’. First, having negotiated a compensation package based on app downloads the agency has claimed the credit for downloads that Uber says were unrelated to the ads they placed.</p>
<p>Quite what techniques Fetch used to make their claims, or Uber used to dispute them is not clear. Most likely there was little marketing science involved.</p>
<p>Secondly, Uber apparently requested that their ads did not appear on certain sites – including Breitbart.</p>
<p>And yet it would seem that Uber ads did indeed grace the pages of Breitbart.</p>
<p>So overall Uber maintain that its ads didn’t work as well as Fetch suggested they did; and secondly that the ads appeared where they shouldn’t have.</p>
<p>What’s interesting about this mess is that even though the claims of ad fraud and related misplacements are sadly commonplace this is I believe the first time that an advertiser’s discontent with his online activity has ended up with legal action. More commonly the client complains, if the complaint can be justified the agency accepts a degree of blame (or more likely passes the blame onto a third party), some compensation is agreed and life goes merrily on.</p>
<p>The whole business of online advertising and agencies’ role within it has now become so toxic that legal action is it would seem an inevitable next step. Other advertisers dis-satisfied with aspects of their online media placements are no doubt watching Uber v Fetch with interest.</p>
<p>For its part, Fetch says it’s counter-claiming for late or non-payment of fees due. Given that Fetch’s own compensation arrangements are performance related this is more serious for the over 50 third-party suppliers that Fetch claim are out-of-pocket.</p>
<p>If ever you needed a quantification of Marc Pritchard’s (of P&amp;G) point that online advertising is crazily over-supplied with specialists that ‘over 50’ number has surely supplied it.</p>
<p>The whole Uber v Fetch story is a sad reflection of where the online ad business finds itself. Fetch would appear to see nothing wrong in claiming for downloads Uber maintain were initiated as a result of non-Fitch activity. Nor do they seem terribly fussed when it comes to ignoring contextual requests. Uber sees nothing wrong in not paying fees owed.</p>
<p>Probably the saddest thing of all is that when Uber next wants to hire a media agency it will find a willing queue from which to choose, all offering cheap costs plus contextual control plus brand safety plus goodness knows what other bells and whistles, all no doubt prepared to overlook the Company’s  payment record.</p>
<p>Promises will be made, and in due course broken.</p>
<p>Good news for lawyers; <a href="http://www.thedrum.com/opinion/2017/09/25/why-the-fetch-and-uber-lawsuits-should-be-wake-up-call-the-ad-industry">bad news</a> for those of us who believe in media planning and buying as a driver of business success.</p>
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		<title>Agency Options</title>
		<link>https://www.bjanda.com/blog/agency-options/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 12 Sep 2017 08:02:50 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=958</guid>

					<description><![CDATA[The last Cog Blog commented on the advance of the management consultancies into the territory traditionally occupied by media agencies, and asked what the agencies can do about this threat to their futures. This post considers the agencies’ options. Any threat is by definition going to primarily affect the holding companies’ media operations, as opposed [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The <a href="http://www.bjanda.com/blog/advance-of-the-management-consultancies/">last Cog Blog</a> commented on the advance of the management consultancies into the territory traditionally occupied by media agencies, and asked what the agencies can do about this threat to their futures. This post considers the agencies’ options.</p>
<p><span id="more-958"></span>Any threat is by definition going to primarily affect the holding companies’ media operations, as opposed to the independents. First, the holding companies hoover up somewhere around 90% of global adspend. Second their client bases are full of advertisers already working with management consultancies. Third they are the ones most accused of a lack of transparency and therefore those with the largest trust issue.</p>
<p>The agencies hold one huge card. Unlike the management consultancies, they are able to link execution to planning, thus ensuring that what is planned is actually delivered.</p>
<p>That’s the theory. As the Cog Blog, every other industry blogger, every trade magazine, every analyst and every trade body well knows the reality has been that the network agencies have far too often placed buying and the creation of revenue for themselves ahead of objective planning designed to do the best job for the client.</p>
<p>In the last few weeks holding company share prices have dipped (Omnicom, the new business success story of the last 12 months has come through the period relatively unscathed but the others have not).</p>
<p>The dip has been blamed on FMCG companies spending less on media. Setting aside for a moment all those agency boasts that these days their revenues come very largely from fees based on work done as opposed to commissions on spends, this is at best only a part of the story.</p>
<p>The media revenues gravy train has hit the buffers, and the holding companies are now feeling the impact of the work done by the ANA, ISBA, the WFA and all those associated with their initiatives.</p>
<p>This is a good thing in that it will force the networks to rebalance their business model away from unofficial media revenues and towards client approved fees.</p>
<p>Media agencies have plenty of bright people, committed to their clients and focussed on doing the best job they possibly can on their behalves. The problem is that for years these people have been seen internally as far less significant than the traders, the self-styled real generators of revenue.</p>
<p>Externally it’s a little different. Pick up any trade magazine, or visit LinkedIn or Twitter and what you’ll likely see from the agencies is strategists going on about the broadest and most significant topics du jour (staff diversity is a current fave), futurists airing this and that random thought, or agency CEO’s praising their staff.</p>
<p>None of these things are in the least objectionable – staff diversity matters and the futurists are always worth a read – but they hardly address the threats facing the modern media agency.</p>
<p>There has been one improvement. Headlines about Agency A committing $ millions to vendor Y seem to have been consigned to the bin as agencies have realised that boasting about agency deals might not be the smartest play right now.</p>
<p>What would be smart would be a campaign created with the sole objective of promoting the agency’s very real planning-led strengths. Align all messages – from the CEO, through the strategist and the futurist and on to the data guy, the insight team, the planners and yes, the traders – around a core thought.</p>
<p>Express it through different lenses by all means, but ensure all messages help build the narrative.</p>
<p>This is after all what the agencies spend their lives telling clients to do.</p>
<p>Now might be a very good time to follow their own advice.</p>
<p>&nbsp;</p>
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		<title>Advance of the Management Consultancies</title>
		<link>https://www.bjanda.com/blog/advance-of-the-management-consultancies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 31 Aug 2017 07:49:25 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=954</guid>

					<description><![CDATA[Last week’s Cog Blog discussed Accenture’s development of the next generation of product placement. This post explores more broadly how the management consultancies are extending their marketing services offering, thus challenging existing agencies. For many years agencies, both creative and media have debated the impact that the management consultancies might have on their business. Their [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s Cog Blog discussed Accenture’s development of the next generation of product placement. This post explores more broadly how the management consultancies are extending their marketing services offering, thus challenging existing agencies.</p>
<p><span id="more-954"></span>For many years agencies, both creative and media have debated the impact that the management consultancies might have on their business.</p>
<p>Their conclusion? Nothing to see here; there’s no problem, in fact just the opposite as we build on our communication skills to move smoothly upstream onto the ground occupied by the consultancies.</p>
<p>How wrong they were. Five management mis-steps and their consequences have opened the door.</p>
<p>First, management consultancies started many years ago to mop up the cream of the new talent emerging from universities. It seems an age since the old full-service agencies had their pick of the graduate crop. Today, management consultancies pay more and could be said to offer a more developed, flexible future.</p>
<p>Yes, advertising and media may be more fun, and has never been more challenging but even those charged with recruitment don’t sound all that convinced that ‘fun’ is much of a hook.</p>
<p>Second, despite having an age to do so, the agencies have failed to move upstream into their clients’ boardrooms. Agencies of all hues are still hardly known to CEO’s; after all, most of them still refer to the media agencies as media buyers.</p>
<p>Speak to any CEO about McKinsey or Accenture and you’re guaranteed an informed reaction.</p>
<p>Third, the media agency sector, or at least that huge part of it represented by the publicly owned marketing services groups long ago decided that their planners, strategists and futurists were in effect nothing more than the dancing girls put there to lure punters into the casino, where the real business was done in a seedy backroom by the wheeler-dealers.</p>
<p>Fourth, one ex-agency executive was given all the evidence he needed to blow the whistle.</p>
<p>Fifth, hearing the whistle, advertisers’ trust in the network media agencies has collapsed. More and more advertisers have decided to act, either by reviewing their agency contracts, holding pitches based around a rather vague (in many instances) notion of ‘transparency’, or taking more and more of their media spending in-house.</p>
<p>The management consultancies could surely have never imagined being handed a gold-plated, access-all-areas pass into the marketing service business.</p>
<p>But here they are. Accenture, who have acquired Karmarama in the UK has said they have no interest in the media buying business. I bet they haven’t. Media buying has been the focal point for the media agencies’ critics; is well on the way to being largely automated out of existence; and when other factors are combined with advertiser focus and pressure will become a low margin, low interest activity.</p>
<p>Media planning on the other hand is classic consultancy territory. Data-driven consulting with a dash of creativity must sound familiar. Mix in the fact that agencies have indicated (by not charging) that they themselves don’t really value the discipline, and what you have is an open invitation to new entrants.</p>
<p>When these new entrants have smart people, boardroom credibility, data expertise and deep pockets to deliver both the best of the agencies’ staff and the necessary technology…. well, watch out.</p>
<p>A future Cog Blog will explore the media agencies’ options. Expect it to be shorter than this one.</p>
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		<title>Enter Accenture With Mousetrap</title>
		<link>https://www.bjanda.com/blog/enter-accenture-with-mousetrap/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Aug 2017 07:47:50 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=952</guid>

					<description><![CDATA[It seems product placement is about to get sexy. Someone will without doubt invent a new phrase for it. I’m off to trademark VPI, or Virtual Product Integration.  Accenture has been working on a new technology that allows them to embed their clients’ products programmatically into content within online video services. The product doesn’t actually [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">It seems product placement is about to get sexy. Someone will without doubt invent a new phrase for it. I’m off to trademark VPI, or Virtual Product Integration.</span><span style="color: #000000; font-family: Calibri;"> </span><span id="more-952"></span></p>
<p><span style="color: #000000; font-family: Calibri;">Accenture has been working on a new technology that allows them to embed their clients’ products programmatically into content within online video services. The product doesn’t actually need to be there physically, a representation of it can be added into or out of shot for a pre-agreed period of time as required.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Having launched the idea at Cannes this year they are now in discussion, according to </span><a href="http://www.thedrum.com/news/2017/08/09/how-accenture-trying-bring-programmatic-product-placement-netflix"><span style="color: #0000ff; font-family: Calibri;">‘The Drum’</span></a><span style="color: #000000; font-family: Calibri;"> with regulators prior no doubt to speaking with the likes of Netflix and Amazon.</span></p>
<p><span style="color: #000000; font-family: Calibri;">There are various interesting angles to this story.</span><span style="color: #000000; font-family: Calibri;"> </span></p>
<p><span style="color: #000000; font-family: Calibri;">The first and most obvious is that this initiative is coming from Accenture. This isn’t a game for the faint-hearted, the development costs must be considerable but then Accenture and others from the management consulting sector have deep pockets.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Ever since the management consultants entered the marketing services world through the acquisition of the likes of creative agencies Karmarama (in the UK) and Acne (from Sweden) there has been speculation as to how and when they’ll enter the media arena.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Well, now we know. At least one play is going to be through the smart application of technology in partnership with large content players.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The second interesting angle is the choice of approach. Why bother with something apparently unfashionable like product placement?</span></p>
<p><span style="color: #000000; font-family: Calibri;">At the moment, online advertising is unpopular – and justifiably so. Adblockers are on the rise, and survey after survey make the point that not only are most online ads creatively poor but also that the very manner in which they appear manage to interrupt and irritate.</span></p>
<p><span style="color: #000000; font-family: Calibri;">What nobody doubts is the reach and influence of online platforms – what’s wrong is how they’re being used.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Personally, I’ve always thought that the word ‘ad’ is half the problem. Ads online conjure up creative approaches far too many of which are shadows of ideas that would be far better executed on another medium altogether.</span></p>
<p><span style="color: #000000; font-family: Calibri;">As an industry, we haven’t worked out how our brands should best to talk to people online. Yes, there are interesting formats and some fun stunts but the mix is not as it should be (which is no doubt why people like P&amp;G are pulling brand budgets from the large platforms).</span></p>
<p><span style="color: #000000; font-family: Calibri;">Product placement if done well and targeted properly, with the opportunity for different segments to see different products could be an interesting idea, especially if it plays into the current interest in influencer marketing.</span></p>
<p><span style="color: #000000; font-family: Calibri;">So what we have here is a serious player, with top C-Suite contacts spending a truckload of money to build a better mousetrap. Will the world beat a path to his door? Probably.</span></p>
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		<title>Agency Reboot</title>
		<link>https://www.bjanda.com/blog/agency-reboot/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 15 Aug 2017 14:53:48 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=949</guid>

					<description><![CDATA[Michael Farmer, strategy consultant to several agencies and author of ‘Madison Avenue Manslaughter’ wrote an interesting piece on MediaVillage.com the other week in which he pointed out that even though the ANA has been (correctly) criticising agency practices for the last couple of years the agency’s own association, the 4A’s has hardly been robust in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Michael Farmer, strategy consultant to several agencies and author of ‘Madison Avenue Manslaughter’ wrote an interesting piece on <a href="https://www.mediavillage.com/article/ana-and-4as-duke-it-out-in-a-complete-mismatch/">MediaVillage.com</a> the other week in which he pointed out that even though the ANA has been (correctly) criticising agency practices for the last couple of years the agency’s own association, the 4A’s has hardly been robust in putting up any kind of counter argument.</p>
<p><span id="more-949"></span>Michael was reacting to the latest ANA work on the lack of transparency in the ad production business. His counter argument runs that yes agencies have been guilty of opaque business practices, but that on the other side, advertisers have been guilty of undervaluing their agencies for many years.</p>
<p>Although the ‘but they drove me to it officer’ defence is a weak one, Michael still makes a good point.</p>
<p>Indeed, <a href="http://www.bjanda.com/blog/paying-for-planning/">The Cog Blog</a> has made the same point, albeit from a different perspective. My view is driven by the various reported misdemeanours of the media agencies, keeping rebates and becoming so infatuated with the ever more Byzantine deals of their trading divisions that they’ve lost sight of the immense benefits of objectivity in media planning.</p>
<p>Agency CEO’s who read this blog, or at least those who have reacted to it have in the past accused me of being unrealistic and naive. ‘Clients won’t pay for planning’ they say. As a result, the agency is driven, no doubt despite its better nature, to earn a crust by in effect defrauding their client, even if a line-by-line examination of many contracts may well make the point that they’re within their legal rights to act as they do.</p>
<p>Whose fault is it that clients don’t think planning is worth paying for? Procurement officers is the knee-jerk response but that’s not fair. Sure, they may be the last link in the chain, but this story starts to go wrong way before they get involved.</p>
<p>The truth is that the agencies themselves haven’t valued planning sufficiently to be able to make a strong enough case for them to be paid for the service. If they don’t value the skill why should their clients?</p>
<p>Imagine yourself as a media agency CEO facing this dilemma. You’re short of your revenue targets. Given that there’s no magic new business tree, your only options are: convince your clients to pay for a service you’ve been giving away for years; or beat up your favourite media owner for a slightly larger rebate.</p>
<p>Most go for option two.</p>
<p>There’s a useful analogy in the market research world. A few years ago, BJ&amp;A did some work for ISBA on the role of procurement in negotiating market research contracts. We interviewed several procurement chiefs (whose main aim was to do all they could to understand the MR business), some market research leaders (some of whom were determined to stop their procurement colleagues presumably in an attempt to maintain the mystery) and a few research agency CEO’s (who were all too often caught in the middle).</p>
<p>One of the research agency people we spoke to made a good point. He said that for years many of his colleagues in market research agencies had charged for fieldwork, the ‘doing’ if you like and had given the interpretation (the ‘thinking’ bit) away for free.</p>
<p>When fieldwork switched to being more of a commodity, delivered online the agencies tried to start charging for interpretation. The client response was unsurprising: ‘why should we pay for something you’ve been giving us for years? What’s changed?’</p>
<p>If you substitute buying for ‘fieldwork’, and planning for ‘interpretation’ you have the self-same problem as faced by the media agencies.</p>
<p>Heaven forbid that the media agencies might have something to learn from anybody else, let alone the market research world, but actually they do.</p>
<p>Demonstrate the true value of what you do is the basic lesson. And if you believe that what you do goes far beyond negotiating cheap prices (as it surely does) then prove your worth. Furthermore, embrace procurement and explain why what you do is worthy of their support.</p>
<p>Deliver quality thinking, demonstrate business benefit (after all, you do this when there’s an award at the end of it) and charge. Work with the 4A’s and the IPA, even go so far as to collaborate with your competitors if that’s what it takes.</p>
<p>Trading is being cleaned-up and anyway it won’t be long before much of it is automated (‘fieldwork goes online’), the management consultancy businesses are coming after planning (about which more in the coming weeks), so now’s the time to reboot.</p>
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		<title>Facebook Struggles On</title>
		<link>https://www.bjanda.com/blog/facebook-struggles-on/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 03 Aug 2017 07:30:32 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=945</guid>

					<description><![CDATA[Procter and Gamble has been at the forefront of calling out agencies and digital platforms for their lack of transparency – contractual and financial in the case of the agencies, measurement-wise in the case of the major platforms. As part of putting their money where their mouth is, P&#38;G threatened to withhold dollars from those [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Procter and Gamble has been at the forefront of calling out agencies and digital platforms for their lack of transparency – contractual and financial in the case of the agencies, measurement-wise in the case of the major platforms.</p>
<p><span id="more-945"></span>As part of putting their money where their mouth is, P&amp;G threatened to withhold dollars from those media vendors (including Facebook and Google) who had not put their house in order by the end of 2017.</p>
<p>Now it seems that Procter might have an even better reason not to spend money on the digital platforms – they don’t seem to work for them.</p>
<p>An article in <a href="https://www.wsj.com/articles/p-g-cuts-more-than-100-million-in-largely-ineffective-digital-ads-1501191104">‘The Wall Street Journal’</a> has P&amp;G’s CFO commenting on the decision to cut US$100m in Q2 from its digital spend (anyone else remember when Procter simply never commented publicly on their marketing activities?).</p>
<p>Joe Moeller says: “After cutting back on certain digital ads, we didn’t see a reduction in the growth rate. What that tells me is that the spending we cut was largely ineffective.”</p>
<p>Meanwhile, Facebook struggles on, reporting a <a href="http://www.binarytribune.com/2017/07/28/facebook-shares-touch-a-fresh-record-high-on-thursday-second-quarter-financial-results-ease-slowing-growth-concerns/">47% increase in ad revenues</a> over the same Q2, to US$9.16b.</p>
<p>What seems to be happening here is that Facebook, and indeed the other digital platforms aren’t doing a great job for major brand builders, exampled by Procter but are remaining popular amongst those less interested in building brand demand and more interested in short-term activation.</p>
<p>You could argue that P&amp;G, and others like them are more rigorous in their assessment of what works and what doesn’t but that would be unfair. If you’re running a business driven by short-term response then you know very well, and very quickly what works and what doesn’t.</p>
<p>Extrapolating wildly, if the digital platforms are going to become the home of DR advertising, where does that leave the supposedly objective advice given to major brand-builders by those media agencies doing aggregate deals with these channels? Gross reach is nothing without communication efficiency, and a big rebate off the wrong thing doesn’t make it the right thing.</p>
<p>And what of the calls for these platforms’ greater integration into the more traditional media measurement systems?</p>
<p>After all the average DR advertiser isn’t going to be too fussed as to whether or not Google signs up to BARB.</p>
<p>Of course, it’s not black and white. Brand builders often use a direct response medium alongside their more traditional areas of activity. The John Lewis case is one amongst many that illustrate well how the combination can work brilliantly, but a lesson seems to be emerging that for those more focused on long-term brand building, platforms like Facebook and Google certainly aren’t the sole answer.</p>
<p>It’s just surprising that the lesson has taken so long to emerge.</p>
<p>Actually, not so much surprising as disappointing.</p>
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		<title>Au Revoir &#8216;Campaign&#8217;</title>
		<link>https://www.bjanda.com/blog/au-revoir-campaign/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 27 Jul 2017 07:30:49 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=943</guid>

					<description><![CDATA[I’ve always had a Marmite relationship with ‘Campaign’, whose final edition in its weekly format appeared last Thursday. I used to buy it and its competitor, &#8216;AdWeekly&#8217; even before I started working – believing that if I wanted to impress in any interview for a job in advertising it would be as well to at least [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’ve always had a Marmite relationship with ‘Campaign’, whose final edition in its weekly format appeared last Thursday.</p>
<p><span id="more-943"></span>I used to buy it and its competitor, &#8216;AdWeekly&#8217; even before I started working – believing that if I wanted to impress in any interview for a job in advertising it would be as well to at least speak the language.</p>
<p>Then, once I managed to get a job in an agency there would be the weekly queue to nab the reception copy as soon as it appeared. The height of ambition was to be senior enough to warrant your own copy.</p>
<p>Eventually I used to feature from time to time in its pages; on my office wall is a photo of me that appeared in ‘Campaign’, purchased (I should add hurriedly) to help The History of Advertising Trust. Amazingly I’m not on a fire-escape.</p>
<p>There were the stories of ‘Campaign’ favouritism – Saatchi and Saatchi were always said to be so favoured, although that was no doubt in large part down to the agency’s expert management of its own publicity.</p>
<p>The lack of interest in ‘media’ was a given; one editor took me out to lunch and started the conversation by stating that ‘all media people are boring, save one’. She later married the one.</p>
<p>There was the mix of nerves and excitement taking a call from a ‘Campaign’ journalist, knowing full well that reputations could be made and derailed. There was the immediate rush of making it into the magazine’s pages followed by the praise or sympathy of your peers.</p>
<p>‘Campaign’s journalists could be arrogant and sometimes unkind. I recall to this day a piece about me joining an agency that concluded that it was sad that the agency couldn’t find someone younger to put into the top job. This from someone who had never met me.</p>
<p>But then &#8211; much the same could be said by anyone criticised by any journalist on anything, anywhere. Simply, par for the course.</p>
<p>Compared with its US equivalent, &#8216;AdAge&#8217;, ‘Campaign’ always tilted towards the people in the business rather than the business of the business, which made it all at once infuriating, exciting, self-important, and un-put-down-able.</p>
<p>Will its new status as a monthly, supported by beefing up its already impressive online presence change it? I suspect so; the very nature of a monthly is to be more considered; the very nature of online is to be above all immediate.</p>
<p>The thrilling mix of a news-driven immediacy alongside topical gossip fits neatly into a weekly publishing cycle. ‘Considered’ plus ‘immediate’ risks losing the irreverence and the fun.</p>
<p>At times since its arrival in the late 1960’s I’ve hated ‘Campaign’; and I’ve loved it. Like everyone else I wish it all the best as a monthly (of course I’ll keep reading it) but Thursdays just won’t be the same.</p>
<p>I’ll miss it.</p>
<p>&nbsp;</p>
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		<title>Ducking and Diving</title>
		<link>https://www.bjanda.com/blog/ducking-and-diving/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Jul 2017 08:06:35 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=940</guid>

					<description><![CDATA[All of our careers are punctuated by what at the time seem like minor incidents but which we look back on as being representative of some larger principle. I was once in a meeting with a major client, my agency team, and the client’s media auditor/consultant. It was a big deal meeting, lots of senior [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>All of our careers are punctuated by what at the time seem like minor incidents but which we look back on as being representative of some larger principle.</p>
<p><span id="more-940"></span>I was once in a meeting with a major client, my agency team, and the client’s media auditor/consultant. It was a big deal meeting, lots of senior clients from both UK and USA. For some reason the discussion turned to the possibility of 60-seconds commercials as against what was for this client the more usual 30-seconds format.</p>
<p>The client turned to the consultant, and asked him for his view. The consultant (the guy is still around so I had better keep him anonymous) seemed to have no informed view, beyond using a lot of words before ending his remarks by saying: ‘there’s lots of research on this topic, which I’ve asked Brian to take you through.’</p>
<p>First, he had done no such thing, despite apparently having some advance knowledge that this issue was going to come up. Second, although I’m sure there is a pile of work on the general effectiveness of longer v shorter form commercials, I wasn’t able to call it to mind. Nor did I have any deck.</p>
<p>So given that, my options seemed to be: 1. Embarrass the consultant in front of his largest client (an approach which generally doesn’t end well); 2. Embarrass myself and my agency; or 3. Bullshit. I made something up that was at least directionally correct.</p>
<p>It seems to be alright to pretend to know everything about everything even when we don’t. Admittedly passing the buck like this guy did isn’t all that common (if he’d had any wit at all he could have made something up himself as opposed to making me do it). Even better he could have said: ‘The principles are a), b) and c); my immediate thoughts are d), e) and f) but let me review with the agency all the work that’s out there and come back to you’.</p>
<p>Asking for time to give a real answer is somehow seen to be a weakness.</p>
<p>As is admitting you don’t know everything about everything. The current topic of the moment is AI. I know very little about AI and its application to advertising. I know if I ask my Amazon Echo to ‘play music’ it somehow plays stuff I like, and I suppose on one level that’s AI in action but that is about the extent of what I know.</p>
<p>There are too many pretend experts – most are derided by <a href="https://martechtoday.com/ignore-hype-no-ai-driven-media-agencies-200569">those</a> who are genuinely informed.</p>
<p>Pretend experts get caught out.</p>
<p>I once had to present some media planning principles to a client that for some long-forgotten reason included (on a chart) a complex algorithm. Being a smartass, even then, I said something like ‘I’m sure you really don’t want me to go through this level of detail’ only for the client to say: ‘actually I have a PHD in advanced statistics majoring on this very sort of work so I would like you to explain this and discuss it with me.’</p>
<p>Learn from me; it’s best to admit from the start you don’t know what you don’t know.</p>
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		<title>All That&#8217;s Right; All That&#8217;s Wrong</title>
		<link>https://www.bjanda.com/blog/all-thats-right-all-thats-wrong/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 13 Jul 2017 07:55:35 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=938</guid>

					<description><![CDATA[Last week saw an interesting piece by Mindshare’s Global CEO, Nick Emery published in ‘Campaign’, and widely circulated on social media. In case you missed it, here it is. Nick’s piece generated praise from beyond GroupM and WPP. Andrew Stephens from the independent agency Goodstuff along with your humble correspondent were amongst many tweeting their [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week saw an interesting piece by Mindshare’s Global CEO, Nick Emery published in ‘Campaign’, and widely circulated on social media. In case you missed it, <a href="http://www.campaignlive.co.uk/article/making-media-fun-again-why-free-industry-outdated-models/1438629">here it is</a>.</p>
<p><span id="more-938"></span>Nick’s piece generated praise from beyond GroupM and WPP. Andrew Stephens from the independent agency Goodstuff along with your humble correspondent were amongst many tweeting their appreciation of an insightful look at the many challenges facing media agencies and the need for new operating models.</p>
<p>There are two key thoughts behind Nick’s piece. First, surely it’s better to work out who you want to talk to, when and in what circumstances before considering what you say to them. This is not of course a new idea – it was a regular tune played by media agencies 20 years ago (at least) – but that doesn’t make it any less relevant today. Indeed it’s more relevant than ever, and more achievable in today’s media world.</p>
<p>Secondly, there’s a need to understand that the true value of brands rises above short-term measures, what Millward Brown used to refer to (in a sadly defunct attempt to move upstream from being purveyors of research into more of a consultancy role) as appreciating the impact of demand as well as activation.</p>
<p>Look at virtually any serious brand owner’s balance sheet and you’ll note that the value of their brand is way more than the aggregate sales of that brand. That doesn’t just happen.</p>
<p>Nick suggests: “The threat to agencies is not the ANA or procurement or consultants, it is their own addiction to dated models.”</p>
<p>This may be true but the sort of collaborative framework he proposes depends largely on trust, and just as trust is built up over many years and as a result of hundreds of small actions, so it can be destroyed by the actions of the few.</p>
<p>As we’ve said here many times before, the best chance the media agencies have is to move their focus away from group-wide trades towards client-centric plans.</p>
<p>Nick’s ‘dated models’ are those based on understanding the price of everything and the value of nothing (thanks Oscar). The Mindshares (and the OMDs, the Starcoms and the others) of this world need to assert their primacy over their group traders. Nick’s piece suggests they’re on their way.</p>
<p>That’s not to say there’s nothing wrong with Nick’s piece.</p>
<p>It starts with this admission: “This article started as a rant in Nice airport..” before listing several fellow-ranters.</p>
<p>I don’t believe for a moment that a bunch of over-tired Cannes delegates trying to get home suddenly came up with this stuff – however brilliant they might be.</p>
<p>The sense of frustration, of the need for change must have been simmering for a while.</p>
<p>Consider who Nick (et al) wants to influence? His own managers and those in competing agencies who will doubtless be amused/impressed by the picture he paints of how genius thoughts find their way onto a page?</p>
<p>Or advertisers who might perhaps prefer to think that changing the face of an industry deserves a little more thought than being conjured out of thin air in a BA lounge somewhere.</p>
<p><a href="http://www.bjanda.com/blog/the-networks-challenge/">Last week’s</a> Cog Blog made the point that great ideas emerging from network agencies are worthless unless they find a pragmatic end-point in how the agency’s offices think and behave.</p>
<p>It would be great to think that Mindshare has a plan to put Nick’s ideas into operational practice. That they are already discussing with their clients who might be prepared to go with them; and that joint success follows.</p>
<p>Leaders’ musings, their insights and thoughts are all very interesting but they need to lead to action. Nick Emery leads one of the top media agency networks on the planet. If he can’t effect change no-one can.</p>
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		<title>The Networks&#8217; Challenge</title>
		<link>https://www.bjanda.com/blog/the-networks-challenge/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 06 Jul 2017 08:11:07 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=935</guid>

					<description><![CDATA[When I was a mere Coglet, working for an international agency was an ambition. Network ad agencies had the largest, most important clients with whom they had built relationships going back many years. There was the opportunity to learn from the best in the business, whilst experiencing how advertising worked elsewhere. Advertising agencies naturally started [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>When I was a mere Coglet, working for an international agency was an ambition. Network ad agencies had the largest, most important clients with whom they had built relationships going back many years. There was the opportunity to learn from the best in the business, whilst experiencing how advertising worked elsewhere.</p>
<p><span id="more-935"></span>Advertising agencies naturally started as local businesses. Networks developed not because managements were particularly far-sighted but as a result of client pressures – clients wanted their US agency (most networks were US owned, that ‘Madmen’ storyline notwithstanding) to open up ‘branch offices’ to serve their needs.</p>
<p>Why? Because they trusted them.</p>
<p>Media agencies followed a similar trajectory – from local to global. As they grew so large international clients wanted an organisation able to contribute to (and aggregate) local plans and buys for head office, over whom they had leverage should there be a problem far away.</p>
<p>Trust was a key component in this expansion of responsibilities.</p>
<p>Until the digital era media was very largely local. Certainly there were centrally-produced tools (my old agency Carat had more than its fair share of tools); plus there were processes, and consistent ways of working; there were central strategies built out of a distillation of best practice and a knowledge of what worked.</p>
<p>But with online advertising the game changed as the major players are by definition global. An unfortunate by-product has been the development of certain behaviours that have eroded trust.</p>
<p>Without trust any network is diminished. Unwelcome questions which may have been bubbling under have come to the surface. Is an agency that is ultimately at the financial beck and call of a parent conflicted when it comes to serving its clients?</p>
<p>What does the agency do to deliver any degree of global consistency beyond the sharing of a name?</p>
<p>Networks have scale and access to investment. They are able to acquire the latest and hottest expertise (WPP’s acquiring of Essence is a case in point). They can spend on research, tools, processes, even AI systems. They can hire high profile central figures and give them the space to think and share.</p>
<p>This central expertise, and all those well-crafted visions are good for PR, and no doubt help to open some important doors, but do they do anything to improve local plans and buys, to deliver consistent excellence locally?</p>
<p>If the network doesn’t translate central expertise into on-the-ground delivery they offer little advantage over and above a strong local independent.</p>
<p>The best independents can point to their position as trusted, objective, planning-led organisations whose whole reason for existence is to do excellent work for their sole paymasters, their clients.</p>
<p>Yes, they’re local but maybe that’s less of an issue.</p>
<p>A new model is emerging within which independents <a href="http://www.moreaboutadvertising.com/2017/06/hammersley-launches-new-style-network-the-collective/">come together</a> when required to pitch or service international business. Local members have access to a central back-office providing support, and to serious experience within the central management team. In other words, an international service with an independent spirit.</p>
<p>It only takes one large client to go a la carte like this to demonstrate that a real alternative to the networks exists. I suspect one will be along soon.</p>
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		<title>Holiday Break</title>
		<link>https://www.bjanda.com/blog/holiday-break-3/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 28 Jun 2017 13:39:21 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=933</guid>

					<description><![CDATA[Hello &#8211; there is no Cog Blog this week as I&#8217;m on a short break. Back next week. I&#8217;m sure you&#8217;ll muddle through&#8230;!]]></description>
										<content:encoded><![CDATA[<p>Hello &#8211; there is no Cog Blog this week as I&#8217;m on a short break. Back next week. I&#8217;m sure you&#8217;ll muddle through&#8230;!</p>
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		<title>Rethinking Audience Research</title>
		<link>https://www.bjanda.com/blog/rethinking-audience-research/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 23 Jun 2017 07:35:10 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=930</guid>

					<description><![CDATA[It seems that everything these days has to be interpreted as black or white, good or bad, right or wrong. There’s no room any more for good old grey. This is not healthy; extreme positions mean there’s little room for discussion or constructive debate. It’s thus with some trepidation that I say that we should [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It seems that everything these days has to be interpreted as black or white, good or bad, right or wrong. There’s no room any more for good old grey. This is not healthy; extreme positions mean there’s little room for discussion or constructive debate.</p>
<p><span id="more-930"></span>It’s thus with some trepidation that I say that we should be rethinking industry audience research’s remit.</p>
<p>Having attracted the angry research brigade, let me continue.</p>
<p>I’m a huge fan of joint industry research. There’s no question that reaching a consensus around the best way to measure audiences is sensible and effective. It stops all those pointless arguments about whether the definition of a reader/viewer/visitor should be arrived at via this or the other technique.</p>
<p>We can thus all get on with our day jobs secure in the knowledge that currency research might not be the truth (it’s never claimed to be any such thing) but at least we’re all agreed that it’s the best estimate the best researchers in the business can come up with.</p>
<p>Audience measurement techniques were created to measure how many, and broadly what sort of people were doing something – watching TV, reading a newspaper and so on. They’re focussed on counting heads, and defining those heads.</p>
<p>But today that’s nowhere near sufficient. Today it’s dawning on us that the way that people are exposed to messages, the context within which the message sits, how the audience is feeling when exposed to the message, how the message resonates, all of these and no doubt other criteria are important. Plus, of course what happens as a result of the exposure.</p>
<p>Today we have the first bit – the headcounting bit – and the last bit – the did-it-work bit – pretty well covered.</p>
<p>But we’re not so good at all those context bits in the middle. And they matter as if you get them right then the odds are that you’ll deliver success more consistently and for less outlay.</p>
<p>That’s why we need to rethink what goes into industry audience measurement. We should accept we’re great at estimating how many, and keep going on that front as no doubt there are improvements still to make, including doing all we can to bring the likes of FB and Google into the fold.</p>
<p>But at the same time the industry should consider setting its best researchers to tackle the softer contextual questions. Is live TV a different thing from binge viewing? And if so how? Do people watch video on Facebook or YouTube differently from how they watch the self-same thing on a TV set? And does it matter?</p>
<p>How best to combine different data-sets, and what process should be employed to make sure we capture learnings to improve audience measures further?</p>
<p>Some of these questions are it is true being addressed by the relevant media owners themselves, in the same way that valuable insights have been generated by publishers and broadcasters for years, but isn’t it time for the industry as a whole to consider them as an integral part of our foundation systems?</p>
<p>The JIC system has worked very well for many years. It will continue to play an invaluable role but maybe it’s time to extend its remit for the benefit of us all.</p>
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		<title>Election Lessons</title>
		<link>https://www.bjanda.com/blog/election-lessons-2/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 16 Jun 2017 09:37:22 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=928</guid>

					<description><![CDATA[For the benefit of non-UK readers, last week we had a General Election. The Cog Blog is a politics-free (and click-bait-free) zone. We have never stooped to the classic ‘5 things you can learn from..’ trick, but for once there are some interesting lessons to be learned from the way our main political parties conducted [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>For the benefit of non-UK readers, last week we had a General Election. The Cog Blog is a politics-free (and click-bait-free) zone. We have never stooped to the classic ‘5 things you can learn from..’ trick, but for once there are some interesting lessons to be learned from the way our main political parties conducted their campaigns.</p>
<p><span id="more-928"></span>For those not in the UK, the basics are that the Conservatives won, but really lost. Labour lost, but really won. The Conservative campaign was – all agreed – a disaster. Labour’s was a triumph (even though they lost).</p>
<p>The lessons are simple. Use the right medium both to reach and to influence the target market. Match the message to the medium. Remain flexible so that you can evolve your messaging over time. Do all you can to build empathy.</p>
<p>Sadly, the Conservatives acted just like the sort of client I grew up with. They lectured, rather than engaged; consequently they bored rather than delighted.</p>
<p>Labour appeared willing to listen and engage. They used media forms wisely and matched the content with the medium. As a result they generated excitement.</p>
<p>Labour’s hopes rested on persuading young people to vote, and for them. They used social media with messages that evolved throughout the campaign to match the mood. This agility allowed them to tap into word-of-mouth, building a momentum not just amongst the young but amongst all those disaffected with the Tories.</p>
<p>The Conservative strategy was to shape all messaging around Theresa May. It became clear early on that this wasn’t working.</p>
<p>They tried to adapt but their strategy was in itself inflexible. They lacked agility.</p>
<p>It was like watching an old-school client ignore the facts in front of him as they fitted neither his narrative nor his past experiences.</p>
<p>And like an old-school client, when they did use social media they used it poorly, as if it were simply ‘old media’ writ digital.</p>
<p>Our local MP is a well-known Conservative with a margin of over 10,000 votes. Over the course of the campaign she started tweeting what were obviously centrally generated messages. So, first off, zero empathy.</p>
<p>These tweets generated a considerable response (positive and negative), as tweets tend to do. At no stage did the MP ever respond to any of the responses.</p>
<p>So full marks for using Twitter; zero marks for using it in the wrong way, to lecture, not engage. Her margin reduced from over 10,000 to just over 1,500.</p>
<p>The Conservatives also used interruptive banners telling me how much more I would be taxed by Labour, with numbers specific to my area.</p>
<p>They used data but negatively. Communicating a positive is more effective than slagging off the opposition (a key lesson from the EU Referendum campaign).</p>
<p>Then there’s the press. Our newspapers have historically been courted by politicians of all parties who believe in the rhetoric that it’s them who really elect the Government. In one famous example, ‘It Was The Sun Wot Won It’.</p>
<p>The Conservatives relied on the newspapers; Labour (predictably monstered by the press) had little choice but to go direct to the voters.</p>
<p>Labour needed to focus on young people (who as it happened voted in record numbers). They tend not to read printed newspapers, nor do they have the time for long pieces online.</p>
<p>Those who do read newspapers’ political coverage favour those that broadly reflect their opinions. So yes the newspapers had an impact but only in reinforcing as opposed to changing or shaping opinion.</p>
<p>If you want to increase sales of anything you need to change behaviour, not just rely on your committed users.</p>
<p>Finally, empathy. Anyone reading this will know how important it is for any brand not only to reach people but to do so in the right context, and with the right tone to build empathy.</p>
<p>The Conservatives relied on Theresa May, who even her supporters agreed came across as robotic, inflexible and unsympathetic.</p>
<p>Maybe Mrs May, by all accounts an impressive performer in different circumstances could have successfully communicated a different message, but the medium and the message didn’t work from the start, and neither evolved.</p>
<p>Jeremy Corbyn on the other hand listened and responded. You may not agree with what he said but you have to admit that how he said it worked. His message evolved as the campaign went on. He empathised. He was the right medium for the message being conveyed.</p>
<p>Reach is fine; reach plus empathy is finer.</p>
<p>The tabloid newspapers still have reach but their lack of empathy made them look out-of-touch. Their influence on elections is damaged, probably fatally. They ranted; they scaremongered; they lied. They failed.</p>
<p>This isn’t a political blog, as I say. But (if I may indulge): hehehe!</p>
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		<title>Mergers and Closures</title>
		<link>https://www.bjanda.com/blog/mergers-and-closures/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Jun 2017 09:13:03 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=925</guid>

					<description><![CDATA[GroupM has announced that they intend merging two of their four media agencies, MEC and Maxus into one as yet un-named entity in order to release the funds needed to invest in the digital agency Essence. This raises some interesting questions. First, this is pretty unusual. I don’t recall another global merger of this significance [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>GroupM has announced that they intend merging two of their four media agencies, MEC and Maxus into one as yet un-named entity in order to release the funds needed to invest in the digital agency Essence. This raises some interesting questions.</p>
<p><span id="more-925"></span>First, this is pretty unusual. I don’t recall another global merger of this significance within the media agency market. The new entity will be GroupM’s largest agency.</p>
<p>GroupM’s new CEO, Kelly Clark has decided he can live with three integrated agency networks (surely three is sufficient), plus one digital-first agency that will be built into a credible network.</p>
<p>As MEC and Maxus have not been altogether unsuccessful one key reason for the merger must be to save money as margins tighten, which suggests that the issues raised by many commentators as to the source of media agency revenues have some credence.</p>
<p>In a world of greater transparency, more informed advertisers and greater pressure from trade bodies the days of huge media agency margins bolstered by rebates, kick-backs and the rest are indeed numbered.</p>
<p>Then there’s what this tells us about GroupM’s approach to specialisation versus integration.</p>
<p>It makes no sense to have multiple suppliers of specialist services when you can have one centre of excellence, something GroupM recognised when they launched Gain Theory in 2015 as a mechanism for pooling the group’s marketing science capabilities.</p>
<p>Essence is by all accounts a first-class digital agency, but these days is it right to see ‘digital’ as a specialised service requiring a digital-first agency or is it simply a part of what every media agency (and indeed client) does?</p>
<p>For strongly digital businesses Essence is no doubt a good fit. Can MediaCom, Mindshare or the un-named newco not offer the same skills to more ‘mixed economy’ advertisers? They would counter that they can, and in-house at that.</p>
<p>Where you draw the line between specialism and execution is interesting. For example, imagine the fuss if the execution of TV buying had ever been removed from Mindshare and placed into GroupM as an adjunct to their role as group traders?</p>
<p>Linking planning and buying has become a hot topic, with many believing that traders have ridden roughshod over the needs of their clients as defined by their plans.</p>
<p>It is possible that Essence is going to become a central digital deal maker (and additional revenue generator) across the group, which would suggest some loss of control (and revenue) from within the established networks. Plus the agency would seem to be a suitable home for the new mPlatform.</p>
<p>Whatever the thinking, the building up of Essence would appear to be a move towards specialisation, whilst others (Havas and Publicis amongst them) favour a model based around greater integration.</p>
<p>Indeed Publicis Media has just won Procter’s EMEA business on what looks suspiciously like an old-style full-service agency model. There’s also the ongoing integration of Sapient which speaks to a one-stop-shop solution over the ‘fight nicely’ approach favoured by WPP.</p>
<p>Maybe what this differentiation is exposing is the degree to which the different holding companies can truly integrate their component offerings and are able to cast aside their separate P&amp;L’s to serve client needs.</p>
<p>None of which will be of much comfort to the staff at MEC and Maxus, nor indeed to their many clients who are facing greater or lesser degrees of disruption to their lives.</p>
<p>With uncertainty comes a lack of internal focus leading eventually to reviews. Stand by for the independent agencies to prosper as advertisers tire of all this coming and going and decide that really what they want is an agency that puts their needs first and foremost.</p>
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		<title>A Matter of Fact: Giving a Damn</title>
		<link>https://www.bjanda.com/blog/a-matter-of-fact-giving-a-damn/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 01 Jun 2017 13:23:53 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=920</guid>

					<description><![CDATA[Today the IPA (the UK ad agency trade body) and ISBA (the UK advertiser body) unveiled a joint initiative to highlight the need for accountable, transparent media audience data specifically within online media forms. Called ‘A Matter of Fact’ and prepared for the two trade bodies by Richard Marks, one of best independent media research [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Today the IPA (the UK ad agency trade body) and ISBA (the UK advertiser body) unveiled a joint initiative to highlight the need for accountable, transparent media audience data specifically within online media forms.</p>
<p><span id="more-920"></span>Called ‘A Matter of Fact’ and prepared for the two trade bodies by Richard Marks, one of best independent media research consultants out there, the initiative makes the case for industry standards, upheld by independent auditing and managed through the Joint Industry Committee (or JIC) structure well-established here and common in virtually all major ad markets except for the USA.</p>
<p>There are many positives in this initiative, not least the fact that it has emerged from an appreciation that the way to get things to happen is for agencies and advertisers to work in partnership.</p>
<p>This is in stark contrast to the USA, where the ANA and the 4A’s seem to delight in knocking bits off each other in preference to tackling the issue at hand.</p>
<p>Google and Facebook, both of whom attended today’s launch have talked of much behind the scenes work going on to move them closer to meeting the needs of advertisers and agencies, but the fact is that the actions of both in the UK are largely driven from the US, so there is only so much they can do over here.</p>
<p>Praiseworthy and professional though this initiative might be, Rome wasn’t built in a day. Mind you that would have been a breeze compared with getting the huge platforms to consider anything that might conceivably reduce their gross audience numbers and thus threaten ad revenue.</p>
<p>The point needs to be made to the giants that not doing anything represents a greater threat to ad revenue than collaborating and moving towards an accountable, transparent system; but to do that the agencies and the advertisers need to follow up, and to keep the initiative moving forward.</p>
<p>There needs to be a regular stream of successes (FB and Google both say they’re making progress so why not start by publicising those under the banner of this initiative?).</p>
<p>Agencies need to be engaged, and at a senior level. Otherwise they simply won’t see this as a priority in conversations with their clients.</p>
<p>I am prepared to be corrected but I didn’t see anyone senior from GroupM, OMG, Havas, or Aegis there today to lend their support to the launch. The large holding companies really need to recognise that restoring faith in online advertising is important; and that accountable and transparent measurement plays a large part in that.</p>
<p>There may be sexier topics, but it’s hard to imagine one of greater significance as it touches on how senior management at the largest advertisers perceive all advertising. If online sucks; well, surely all advertising sucks? From there it’s a short hop to: automation is the future, who needs creativity? And so on.</p>
<p>It is to Publicis’ Derek Morris that I’m indebted for summarising how best to get this initiative moving. His point was that we need to move the debate from the comfort of a cosy chat amongst media practitioners (who generally agree) to the far edgier world of convincing CEO’s and CFO’s to give a damn.</p>
<p>In other words we need to advance the conversation from media technicalities to business benefits.</p>
<p>Talking loudly, regularly and in the right places about the real need for accountability and transparency in measurement, highlighting successes, even being honest about failures to overcome certain barriers will help make this the success it deserves to be.</p>
<p>&nbsp;</p>
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		<title>All Change in Agency Land</title>
		<link>https://www.bjanda.com/blog/all-change-in-agency-land/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 25 May 2017 08:48:01 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=917</guid>

					<description><![CDATA[It wasn’t so very long ago that the industry’s trade press was full of articles berating the agency community for being resistant to change. The common thread being that in a world that is changing so fast the agencies were lagging behind. This was always rubbish – but it inevitably takes time for changes to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It wasn’t so very long ago that the industry’s trade press was full of articles berating the agency community for being resistant to change. The common thread being that in a world that is changing so fast the agencies were lagging behind.</p>
<p><span id="more-917"></span>This was always rubbish – but it inevitably takes time for changes to filter through and to reach the public domain.</p>
<p>Media agencies have always believed in evolving their services. It wasn’t actually all that long ago that they simply bought media. Then they added basic planning. Then (in no particular order) research, marketing science capabilities, content creation, event management, sponsorship, rights management, adtech capabilities and others.</p>
<p>It could be argued that many developed too fast, driven by the promise of easy profits and easier headlines, and that they failed to integrate some of these added value services within their core offering. You could also quite legitimately claim that others provided some of these services better, or more objectively. But you really can’t fault the ambition or the vision.</p>
<p>Many (including me) would say that the large network media agencies are currently facing a crisis of trust, largely of their own making. The old culture of profiting from media buying has retained a primacy despite the world moving on. Today, as more and more buying becomes automated there is a need to shift the focus onto what might be short-handed as planning.</p>
<p>This shift has serious consequences, amongst them a need to prove objectivity and transparency, and to create a structure and a mindset that encourages integration as opposed to the sort of silo-ed specialisation that has so often been divisive.</p>
<p>There is also an implication on revenues and profits at the large holding companies. Moving from a murky, opaque model towards something far closer to a consultancy will not happen overnight. Quite aside from threatening profits and thus share price, such a move will impact recruitment policies, pay grades, measures of success, contracts, deal structures with media vendors, and the basic principles of client remuneration.</p>
<p>But the signs that this is starting to happen are all around us. GroupM’s new leadership has appointed a Chief Transformation Officer, the highly regarded <a href="http://www.thedrum.com/news/2017/05/18/groupm-names-lindsay-pattison-chief-transformation-officer-lead-group-wide-change">Lindsay Pattison</a> who retains her role as Global CEO at Maxus (thus ensuring a key connection with the real world).</p>
<p>Clearly they’ve realised that something needs transforming.</p>
<p>Havas has <a href="http://www.thedrum.com/news/2017/05/23/havas-promises-clients-programmatic-transparency-with-new-offering">announced</a> a transparent programmatic system that claims to shine a light on the mess that is the digital advertising supply chain.</p>
<p>Last year, Omnicom launched a media agency, Hearts and Science that puts data at the heart of the operation and which promptly started winning major business.</p>
<p><a href="http://www.campaignasia.com/article/media-agencies-more-than-a-middleman-thanks-to-ai-zenith/436436">Publicis Media</a> has been talking up its investment in understanding artificial intelligence and how this will they hope move them upstream with advertisers.</p>
<p>GroupM’s Mindshare has brought its <a href="http://www.mindshareworld.com/news/mindshare-integrates-performance-unit-%E2%80%98fast%E2%80%99-heart-agency-simplify-transformation-client-0">FAST unit</a> into the mainstream agency as a step towards delivering a more integrated service to clients.</p>
<p>In the largest move of all, <a href="http://www.telegraph.co.uk/business/2017/05/11/french-raider-bollore-engineers-merger-vivendi-havas/">Vivendi has taken control of Havas</a>, thus bringing a giant media owner and the Havas media agency operations under a single parent.</p>
<p>This last raises the legitimate concern of the media agency’s objectivity being compromised, a concern that can’t be evaporated by the argument put forward by the Havas management that ‘we wouldn’t be that stupid’.</p>
<p>Yes, the merger brings the opportunity for collaboration between content owners and creators, and advertisers but you don’t really need to merge anything to achieve that goal.</p>
<p>If nothing else, Havas has handed its competitors a ready-made sales argument to be used against them.</p>
<p>Fortunately for us bloggers, change is upon us and all around us.</p>
<p>Stay tuned folks.</p>
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		<title>Why BARB is Right</title>
		<link>https://www.bjanda.com/blog/why-barb-is-right/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 May 2017 07:26:21 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=915</guid>

					<description><![CDATA[It is rare for arcane audience measurement issues to take centre stage, but that is just what has happened in the UK as YouTube has had its attempts to join BARB, the joint industry service responsible for measuring TV audiences rejected. The facts seem to be that YouTube approached BARB with a view to joining [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It is rare for arcane audience measurement issues to take centre stage, but that is just what has happened in the UK as YouTube has had its attempts to join BARB, the joint industry service responsible for measuring TV audiences rejected.</p>
<p><span id="more-915"></span>The facts seem to be that YouTube approached BARB with a view to joining the club. BARB has clearly laid out rules for membership; which YouTube aren’t happy with. So there’s a stand-off and no deal.</p>
<p>The headlines around this story make this all sound rather more confrontational than I suspect it is.</p>
<p>“YouTube’s BARB Bid Rejected” was one ‘Campaign’ <a href="http://www.campaignlive.co.uk/article/youtubes-barb-bid-rejected/1432247">headline</a>; “No End in Sight for TV vs YouTube Battle” was <a href="http://www.campaignlive.co.uk/article/no-end-sight-tv-vs-youtube-battle/1432965?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20170515&amp;utm_content=">another</a>.</p>
<p>In those places where media research experts gather to discuss such matters, BARB is rightly seen as a gold standard amongst measurement systems. Simply managing to keep the various broadcasters, let alone advertisers and agencies aligned is a super-human feat in its own right; maintaining relevance whilst ensuring that the technical demands of a highly complex world are tackled satisfactorily is much harder than it looks (and to me it looks bloody hard).</p>
<p>BARB should be proud of its achievements; under its CEO Justin Sampson and Chairman Nigel Sharrocks it has grown to be both more approachable, and much more forward-looking than its predecessor JICTAR. The simple fact that the usual suspects have had little reason to moan recently speaks volumes.</p>
<p>So, should BARB embrace YouTube?</p>
<p>It’s really the wrong question. YouTube has been engaged on an anti-TV strategy for years. Its executives come up with all sorts of apples-to-oranges comparisons alongside fairy-tale claims that ever-larger proportions of TV budgets should flow their way.</p>
<p>If nothing else YouTube’s PR department keeps Thinkbox gainfully employed, as they swat away the latest ‘data’ with remarkably good grace.</p>
<p>Many of YouTube&#8217;s audience-related claims fall into the fake news category, whereas BARB’s adherence to the highest standards and the most advanced techniques make them the equivalent of the best investigative journalism.</p>
<p>Rather than wondering whether BARB should embrace YouTube we should be asking whether YouTube (and indeed Facebook, whose latest measurement woes have been exposed this week) are prepared to be measured by an objective third party using well-defined and widely accepted principles.</p>
<p>Discussing and agreeing on such as ‘what constitutes a view?’ may seem to some like debating how many angels can dance on the head of a pin, but any measurement system needs to be built on solid building blocks.</p>
<p>This is not to say that these core principles can’t and shouldn’t evolve, with attention being paid to how people view YouTube versus how they view TV.</p>
<p>But surely if you want to join any club you have to accept certain key principles and then work to evolve them from within?</p>
<p>BARB would be diminished if it simply rolled over and accepted YouTube’s rules and definitions.</p>
<p>And if BARB’s standards slip then we all slide backwards.</p>
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		<title>Supporting the News</title>
		<link>https://www.bjanda.com/blog/supporting-the-news/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 May 2017 09:17:17 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=911</guid>

					<description><![CDATA[The great thing about being an easy come easy go blogger is that you are in a position to do your best to argue a point without having the onerous burden of actually having to put into action whatever it is you’re discussing this week. Of course, talk is cheap, or (as Bill Bernbach put [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The great thing about being an easy come easy go blogger is that you are in a position to do your best to argue a point without having the onerous burden of actually having to put into action whatever it is you’re discussing this week.</p>
<p><span id="more-911"></span>Of course, talk is cheap, or (as Bill Bernbach put it): “A principle isn’t a principle until it costs you money.”</p>
<p>This week I had an interesting Twitter exchange with GroupM’s Rob Norman. Rob and I don’t always agree about everything, but he makes an excellent point when he says:</p>
<p>“I believe that advertisers have a profound responsibility to allocate some $ to the preservation of news.”</p>
<p>Wishing for something doesn’t (sadly) make it happen. I’m sure Rob is right when he says his colleagues and his clients know how he feels, but persuading a client to spend money in newspapers as opposed to feeding the habit of social media isn’t easy.</p>
<p>Should advertisers feel a &#8216;profound responsibility&#8217; for preserving what we can shorthand as ‘real’ news?</p>
<p>I think they should in just the same way that they increasingly feel a responsibility for good behaviours in other aspects of their operations.</p>
<p>Furthermore, agencies, as key communications advisors should try to persuade them to consider such a point of view. They may not always win, it may take time, it may be tough to argue softer values against hard audience reach but it’s a discussion to be had.</p>
<p>I would argue that supporting the preservation of news should be seen as an element within an advertiser’s corporate social responsibility programme.</p>
<p>The principle behind CSR is that ethical behaviours are connected with business success. It is in large part about the maintaining of ethical standards.</p>
<p>If it’s accepted that the context in which a commercial message appears affects the consumer take-out from that message then it surely follows that advertisers suffer through an association with ‘fake news’.</p>
<p>This is not the same as threatening the news media whenever a story appears with which the advertiser doesn’t agree.</p>
<p>As I’ve said before, I loathe and detest ‘The Daily Mail’ and its unremittingly negative take on life, but I have never suggested that advertisers boycott the paper in an attempt to change its world view.</p>
<p>An advertiser might decide that those reading ‘The Daily Mail’ don’t represent an attractive audience because of their attitudes or beliefs, but that’s quite different from using a budget to try to influence an independent press.</p>
<p>This week Facebook ran ads advising how to spot ‘fake news’. The ads ran (at least in the UK) in printed editions of national newspapers, whose readers are probably the most aware of what news is, and what it isn’t. Preaching to the converted in other words.</p>
<p>I don’t know if Facebook also ran the ad in some of the more extreme purveyors of conspiracy theories and fake news. Or indeed on FB itself. It would be interesting to know; after all, shouldn’t any ad be aimed at those most likely to be impacted by its message?</p>
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		<title>Paying for Planning</title>
		<link>https://www.bjanda.com/blog/paying-for-planning/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 May 2017 08:02:45 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=909</guid>

					<description><![CDATA[Who should pay for communications planning? Why are advertisers apparently so set against the idea of paying network agencies for a service most know full well is an essential part of any campaign? Any network agency executive knows the speech. “Advertisers won’t pay for planning. Yes, they should but they won’t. So there it is, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Who should pay for communications planning? Why are advertisers apparently so set against the idea of paying network agencies for a service most know full well is an essential part of any campaign?</p>
<p><span id="more-909"></span>Any network agency executive knows the speech. “Advertisers won’t pay for planning. Yes, they should but they won’t. So there it is, we have to accept it and make our money elsewhere.”</p>
<p>The obvious objective of this script is to place the focus for non-transparent behaviours on the client. Clients won’t pay, we have shareholders, why blame us for advertisers’ short-sightedness?</p>
<p>This is crazy logic. Surely it would make more sense to do a better job making the case as to why the networks’ planning is so good it’s worth paying for.</p>
<p>Nobody buys any service unless they are convinced of the benefits it brings them.</p>
<p>The large network agencies have over time not done a great job promoting their excellence in planning to a non-specialist audience. Of course, they enter and win awards judged by their peers; but ask most CEO’s or CFO’s and if they ever refer to these organisations at all it’s as ‘media buying agencies’.</p>
<p>This perception is only fuelled by the focus on the size of the deals these agencies make across their client spectrum. Headlines such as ABC agency strikes US$ XMillion deal with JKL media owner illustrate the point.</p>
<p>Internally, network agencies do little to promote planning objectivity. Rather, the common practice of having traders sign-off on plans in order to ensure that agency-wide or group-wide commitments are met does the exact opposite.</p>
<p>Why would anyone pay for a service provided by organisations that consider it to be so inconsequential (beyond window-dressing) that someone with next-to-zero knowledge of the client’s requirements can simply change certain component parts?</p>
<p>What happens within such a system to these agencies’ sudden public enthusiasm for the importance of context? The classic trader’s response to his planners: ‘You may win the pitch but I make the money that pays your wages so do as I say and convince your client’ comes to mind.</p>
<p>There are though some signs of progress away from the era of the trader. First, it may be my imagination but the number of headlines boasting of huge volume deals seem to have reduced. We are now hearing more from the agencies’ innovation specialists and planners than even a few months ago.</p>
<p>Secondly, and more significantly, whilst the Cog Blog has been on holiday, the UK independent agency Goodstuff, whose strength is unquestionably in its planning has bought itself out from Omnicom.</p>
<p>This is interesting as it always used to be assumed that smaller agencies needed some sort of relationship or affiliation with one of the big boys to ensure ‘the best prices’ (my quotes).</p>
<p>Yet the Goodstuff guys, like the most successful of the UK independent agencies, the7stars are clearly comfortable with their freedom from the worst excesses of the networks.</p>
<p>Clients are also it seems increasingly prepared to move away from the big boys. Nielsen data quoted by Goodstuff shows that UK independent media agencies grew their billings over the period 2012 &#8211; 2016 by 27% as against 12% for the networks.</p>
<p>These independent agencies have discovered that clients will indeed pay for objective and independent planning advice. I don’t have the data but it seems likely that their fees from clients are higher, and their income from media trades is approximately zero.</p>
<p>A different, more transparent model in other words.</p>
<p>The irony is that the networks, in handing certain planning decisions over to the whim of their traders have over-ridden the core principle of objectivity, and in so doing have helped the case for why they shouldn’t be paid for the service.</p>
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		<title>Absence</title>
		<link>https://www.bjanda.com/blog/absence/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Apr 2017 02:05:58 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=906</guid>

					<description><![CDATA[I&#8217;m on holiday so no Cog Blog posts till the first week of May. I&#8217;m sure you&#8217;ll struggle through.]]></description>
										<content:encoded><![CDATA[<p>I&#8217;m on holiday so no Cog Blog posts till the first week of May. I&#8217;m sure you&#8217;ll struggle through.</p>
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		<title>The Challenge Ahead for Media Agencies: A Sick Goose</title>
		<link>https://www.bjanda.com/blog/the-challenge-ahead-for-media-agencies-a-sick-goose/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 04 Apr 2017 15:56:58 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=903</guid>

					<description><![CDATA[The network media agencies are full of contradictions. On the one hand, they have smart people who talk knowledgeably about the pressing issues of our time. On the other they make oh-so-secret deals designed to benefit themselves, over and above the needs of their clients. These deals and the income from them has for many [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The network media agencies are full of contradictions. On the one hand, they have smart people who talk knowledgeably about the pressing issues of our time. On the other they make oh-so-secret deals designed to benefit themselves, over and above the needs of their clients.<span id="more-903"></span></p>
<p>These deals and the income from them has for many years been crucial to their parents, the major holding companies. The media agency divisions have been their star performers, but now the engine that’s been keeping the whole enterprise flying along is spluttering.</p>
<p>A major fix is needed, but it’s hard to replace an engine at 30,000 feet.</p>
<p>Someone once described these media agency networks to me as being like casinos. There’s the front of house dancing girls, the glamourous waitresses, the charming croupiers. And then in the backroom, away from the light and the thick carpets there’s the money men.</p>
<p>You’re persuaded to enter by the glamour, but at the end of the day the odds are not in your favour. The house never loses.</p>
<p>Agencies are full of experts, or so they claim. A few years ago every serious agency talked up its marketing science capabilities. World class, we were told. But, as the agencies themselves have pointed out in a different context, there’s a problem marking your own homework.</p>
<p>Nowadays every agency has brilliant ad tech capabilities. World class. Well, if the Google/YouTube story shows us anything, it seems the much-vaunted brand safety systems might not be all that they’re cracked up to be.</p>
<p>Go back further and several major agencies claimed they were the communication world’s equivalent of McKinsey. World class consultants.</p>
<p>We’ll see how real that claim turns out to be as the likes of Accenture turn their attention to helping clients tackle the intricacies of online advertising, by (in many cases) building in-house tech stacks for major advertisers.</p>
<p>Remember the agency sneers when a few advertisers started on that journey? It will never work; it’s too complicated; they’ll soon find it’s more productive to use us real experts in the agencies, and so on.</p>
<p>A few years ago an agency CEO told me that in his opinion agencies faced a binary choice. Either invest in planning (I use the term loosely to encompass non-buying activities) and become true consultancies, or close the agencies’ London offices, fire all but the traders, invest in the same sort of technology used in stock market trades and move to an industrial estate.</p>
<p>A couple of weeks ago that door too seemed to start to close as The Drum reported on a plan to trade online media on <a href="http://www.thedrum.com/news/2017/03/24/how-nasdaq-aims-reshape-the-future-media-trading-bringing-wall-street-madison-avenue">a NASDAQ-style exchange</a>.</p>
<p>Accenture, Deloittes and the others have said they have no interest in media buying. They do though have an interest in planning and technology. They have the reputation, the trust of senior clients, and the budgets to attract top agency talent (a la Google and Facebook).</p>
<p>The network media agencies on the other hand currently have the wrong sort of reputation and a serious trust deficit.</p>
<p>Under attack from both sides the major media agencies face a huge problem.</p>
<p>Their owners, the holding companies risk killing the goose that laid the golden egg. When, or rather if the obituaries ever get to be written the unrelenting focus on short-term trading revenues over the building of long term, profitable business relationships will be seen to have been at the heart of the problem.</p>
<p>The golden eggs may yet keep coming, but what we have right now is a sick goose.</p>
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		<title>Google On</title>
		<link>https://www.bjanda.com/blog/google-on/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 30 Mar 2017 11:11:50 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=900</guid>

					<description><![CDATA[The Google/YouTube problems concerning ad placements rumbles on. More ink (or should that be pixels?) has been consumed on this than on almost any other recent media story in a rush to apportion blame. There really is very little point blaming anyone, or, to put it another way everyone involved in any way in digital [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The Google/YouTube problems concerning ad placements rumbles on. More ink (or should that be pixels?) has been consumed on this than on almost any other recent media story in a rush to apportion blame.</p>
<p><span id="more-900"></span>There really is very little point blaming anyone, or, to put it another way everyone involved in any way in digital advertising is culpable.</p>
<p>At the most literal level, stories around ads appearing on jihadist websites have been around for nearly 4 years. As IDComms’ <a href="https://www.linkedin.com/feed/update/urn:li:activity:6252638061440700417/">Tom Denford</a> has pointed out, <a href="http://digiday.com/marketing/beheading-brands/">Digiday</a> carried a story about a Nissan ad appearing on just such a site in October 2013.</p>
<p>So how come nothing has happened to stop this since then?</p>
<p>In the background is the media industry’s built-in weakness for over-promising.</p>
<p>Media owner sales teams have always over-inflated the influence and effectiveness of their channels (not surprisingly).</p>
<p>The giant online platforms have been quick to publicise successes, but have weakened their own case by hiding key data within walled gardens, out of reach of anyone looking for objective verification.</p>
<p>Media agencies are competitive creatures. As such they talk up their capabilities in whatever the current hot topic is (a few years ago this was all about their expertise in using big data to measure effectiveness, now they’re apparently full of the world’s greatest technology experts).</p>
<p>Bloggers and journalists want to be read. They (we) build up stories, don’t follow-up and drop them once the world moves on.</p>
<p>Marketers have recently been struggling to get up to speed on all things media, having studiously ignored the topic for decades.</p>
<p>Into this toxic mix of over-selling stuff to a largely poorly-informed clientele we have to add new technologies and the need for the over-financed businesses behind them to deliver quick wins to an investor base that cares for little except fast returns.</p>
<p>So, in a nutshell technologies that can’t do much of what many have claimed for them meet agencies with an over-inflated sense of their own capabilities in order to sell a data-secretive medium to people who have a history of not paying attention.</p>
<p>And we are surprised when things go wrong?</p>
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		<title>Lessons from Google&#8217;s Woes</title>
		<link>https://www.bjanda.com/blog/lessons-from-googles-woes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 24 Mar 2017 09:15:05 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=897</guid>

					<description><![CDATA[There’s really only been one media story this last week, and that’s the industry’s reaction to Google inadvertently placing ads alongside various deeply inappropriate YouTube videos. In case you missed all the excitement, here’s a summary. Ads for well-known brands including Marks and Spencer, The Guardian, Channel 4, and Land Rover have been amongst those [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There’s really only been one media story this last week, and that’s the industry’s reaction to Google inadvertently placing ads alongside various deeply inappropriate YouTube videos.</p>
<p><span id="more-897"></span>In case you missed all the excitement, here’s a summary.</p>
<p>Ads for well-known brands including Marks and Spencer, The Guardian, Channel 4, and Land Rover have been amongst those inappropriately placed. The brands immediately pulled their budgets off YouTube. Politicians yelped; news media (who can’t hide their delight at what’s happening) covered the story; Google apologised (interestingly, for the ads’ placements, not for the videos themselves being there); analysts downgraded Google stock and on we go.</p>
<p>Google are clearly at fault, and as any media owner should do, they have taken responsibility for these events. There are though various rumblings around the central story which are interesting.</p>
<p>First up, the role of the news media. For months those of us sitting on the periphery have longed for someone in the news media to fight back. Their expensively-produced content is being exploited, at virtually zero return, in the dubious name of ‘reach’. As a result, serious journalism is coming close to being driven to extinction by the giant platforms. Something had to be done.</p>
<p>So, it’s good to see ‘The Times’ and ‘The Guardian’ in particular at the vanguard of publicising and following-up on this story. Whether it’s really worthy of a front-page lead in ‘The Times’ might be open to question but you get the sense that someone at News UK has had enough of being exploited.</p>
<p>Next, and this might be a function of where I am sitting, this does seem to have started as a strangely UK-centric story. Google and YouTube are of course global businesses so how come this is only now being seen as a big deal in the US, let alone elsewhere? How come the Google EMEA boss is taking all the flak?</p>
<p>Finally, what of the agencies? If they were as good as they claim technologically shouldn’t they have seen at least the possibility of this coming? After all, these vile videos have been around on YouTube for years; they have even been used in news reports. Their existence is hardly a secret.</p>
<p>I appreciate Google’s algorithms keep changing but shouldn’t the agencies have insisted that whatever the changes there is no way these things should be supported by their clients’ ads?</p>
<p>Brand safety initiatives are a good thing, but presumably only as good as the access their creators are given to the platforms in the first place. Maybe the push for more open-ness should go beyond the field of measurement?</p>
<p>Brand safety apart, next time you read of this or that agency ‘investing millions’ in cutting edge technology to allow them to stay ahead you might ask yourself what went wrong this time?</p>
<p>More positively, and taking the bigger picture there’s the subtle but significant change in the words the agencies have chosen in discussing this.</p>
<p>As recently as last year I think it likely we would have read of ‘WPP pulling their money…’; now GroupM’s digital chief, Rob Norman tweets in reaction to a Sky story:</p>
<p>“GroupM warns Google over hate videos”. Inaccurate we explained the risks and offered the choice to the client”.</p>
<p>And this: “We are…giving the option and a degree of risk quantification. Have issued advisories on Snap, YT, Instagram soon”.</p>
<p>Of course, any thinking person in any agency or advertiser condemns the fact that these mis-placements can happen, but even in such an extreme case the agencies are right not to play the big ‘I am’ by acting unilaterally.</p>
<p>Agencies have been accused of occasionally forgetting that they’re there to act on behalf of their clients. Referencing, even indirectly, agency-wide deals undermines this fundamental role.</p>
<p>Let&#8217;s hope the traders get the memo. There’s more to media placement than an agency-wide trade involving money and impressions.</p>
<p>Mind you Havas were still playing the ‘look how important we are’ card: <a href="https://www.ft.com/content/04f8bf56-0b12-11e7-97d1-5e720a26771b">“Havas joins British government in pulling ad spending from Google and YouTube in UK”</a>.</p>
<p>It’s not the agencies’ money; agencies advise, clients decide, something Havas Media’s Paul Frampton was happy to acknowledge when challenged.</p>
<p>The final lesson is around the importance of context. Alright, what’s happened on YouTube is a very extreme example and no doubt some programmatic guy somewhere will pop up and say that far and away the majority of placements are fine but that’s not really good enough.</p>
<p>When programmatic placement goes wrong it can cause a great deal of reputational damage. These YouTube cases may be extreme but they’re not by any means the only incidents of automation leading to inappropriate placements (‘Private Eye’ runs a regular feature, Malgorithms with hilarious (or not-so-hilarious examples) of ads appearing in quite the wrong place).</p>
<p>Smart proponents of a programmatic future know there’s still work to be done.</p>
<p>Right now, automating online placements leads to a commoditisation of media focussed on the most basic metrics, and ignoring the light and shade delivered by context.</p>
<p>Yes, programmatic can and will bring benefits but we would be wise never to forget the human skills involved in ensuring the most effective use of media channels.</p>
<p>Those selling programmatic-tomorrow-if-not-sooner solutions would do well to keep a sense of perspective, and spare us their extravagant and overblown claims of a future dominated by general automated wonderfulness.</p>
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		<title>Shades of Grey</title>
		<link>https://www.bjanda.com/blog/shades-of-grey/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 16 Mar 2017 09:30:10 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=893</guid>

					<description><![CDATA[Writing a blog exposes you to all sorts of reactions – from complimentary through well-informed criticism and on to rude. Fortunately, by far the majority of people who respond to me aren’t rude; we may not agree but at least we can be civil about disagreeing. One accusation that does emerge from time to time [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Writing a blog exposes you to all sorts of reactions – from complimentary through well-informed criticism and on to rude. Fortunately, by far the majority of people who respond to me aren’t rude; we may not agree but at least we can be civil about disagreeing.</p>
<p><span id="more-893"></span>One accusation that does emerge from time to time is that ‘people like me’ (I think they mean old farts) somehow hate all online media forms. That I want to turn the clock back to simpler days when plans and buys were constructed over pints of warm English ale, preferably on a village green on which a cricket match was in progress.</p>
<p>Planning, then and now has always been about picking the right ingredients, in appropriate quantities to ensure that the end result works for the client. To do this well any planner needs to appreciate the pros and cons of all available communication channels.</p>
<p>So, yes of course there is a vital role that can be played by online media forms. It’s as much rubbish to say that online never works (whatever that means) as it is to say that no-one ever watches TV or reads a printed magazine these days.</p>
<p>In the minds of the consumers we are all trying to reach and whose behaviours we seek to influence this digital/non-digital debate is absurd. Real people use all media forms as and when they need them.</p>
<p>The planner’s job is to understand the what, the when, the where and the why and to use each media form accordingly.</p>
<p>It is not the planner’s job to justify his or her decisions and recommendations to their traders; rather it is the traders’ job to buy the plan.</p>
<p>To do it the other way around diminishes and disrespects the skill of the planner.</p>
<p>How we use the media these days is something we’re in danger of forgetting how to do, preferring the simplicity of adapting an execution designed for one medium on to another. We should be doing more to address how best to work with others to create something appropriate for all selected channels.</p>
<p>This takes time, is complicated but is also very necessary. Anything that brings media and creativity closer together is a good thing, so the Havas single P&amp;L idea, along with their move into a single physical hub deserves credit.</p>
<p>Combinations of media forms generally work best, assuming a decent weight in each is affordable – as has always been the case. The fact that there is more choice and complexity doesn’t change this simple truth.</p>
<p>It follows that collaboration in all things is essential. It’s lazy to think in vertical terms, medium to medium, as in ‘mine’s bigger and better than yours’. Or as in ‘here’s a TV execution, adapt it for Facebook’. It’s never black and white, it’s always shades of grey.</p>
<p>Planners put the consumer at the centre of their thinking, and move on from there.</p>
<p>Just like they’ve always done.</p>
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		<title>Industry Arrives at a Consensus on Online Advertising</title>
		<link>https://www.bjanda.com/blog/industry-arrives-at-a-consensus-on-online-advertising/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 Mar 2017 09:05:16 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=889</guid>

					<description><![CDATA[It seems that the industry has at long last come together. We can all agree on one thing. There is a lot wrong with online advertising. I paraphrase from multiple sources, but most creative work sucks; too many consumers are installing blockers rather than put up with being interrupted/having their phone batteries drained; advertisers have [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It seems that the industry has at long last come together. We can all agree on one thing. There is a lot wrong with online advertising.</p>
<p><span id="more-889"></span>I paraphrase from multiple sources, but most creative work sucks; too many consumers are installing blockers rather than put up with being interrupted/having their phone batteries drained; advertisers have worked out that agencies and adtech businesses are siphoning money off all over the place; no-one believes the data; and publishers are losing their shirts.</p>
<p>Not a pretty picture. Even if you’re Google or Facebook you can’t be happy with the situation. If things don’t improve it doesn’t bode well for the future, even for them.</p>
<p>Of course online communications (including advertising) has great potential, it’s just that we seem not to have worked out how to unleash it.</p>
<p>You can trace what has been a series of mis-steps back to the not-so-good old days when clients didn’t bother themselves with the media side of the business. That might have been sort-of understandable when the ad agencies housing the media people didn’t bother either, but once media agencies got going this client indifference was always going to be exploited.</p>
<p>One way was to focus on the buy prices. Lower those and the client was happy, and anyway all mainstream media were largely acceptable (even interchangeable if you limited yourself to looking at the numbers) so who knew (or even cared) if the agency made money on the side by pushing budgets in this or that direction.</p>
<p>Then there’s the evolution of the sales side. Media people in agencies have always had a built-in bullshit filter that activates when they meet sales people.</p>
<p>The bullshit filter might have worked well when most agency media people knew most sales guys; but things have changed. For one thing salesmen now regularly meet clients, and not just for a handshake and lunch. Now they talk business, they form partnerships, they (gasp!) go around the agency.</p>
<p>Secondly, since the media world exploded and we all started talking digital gobbledegook the BS filter gets clogged, and all sorts of rubbish gets through (and all sorts of good stuff gets blocked) when that happens.</p>
<p>Then there’s the ads. Sad to say they’ve become ludicrously irrelevant, the province of the luddite creatives, those guys who always used to be mocked for going to Cannes – that is until the adtech people turned Cannes from an ad festival into a tedious trade fair.</p>
<p>Far too many digital guys have little idea what the ads they’re placing even look like.</p>
<p>But what they do understand is numbers. And the bigger the better.</p>
<p>On the commercial side of things, the large holding companies have long worked out that their continued future success lies with the media ‘mathmen’.</p>
<p>Media agencies’ trading arms duly forget the ads, focus on turning largely meaningless numbers into cash and, voila – here we are.</p>
<p>Just in time clients have woken up. Credit to troublemakers like Jon Mandel, <a href="https://www.linkedin.com/pulse/establishing-blueprint-programmatic-matt-green">the WFA</a>, <a href="http://adage.com/article/agency-news/ana-issues-long-awaited-transparency-guidelines/305003/">the ANA</a>, <a href="http://isba.org.uk/news/2016/06/08/response-to-the-ana-report">ISBA</a>, <a href="http://adcontrarian.blogspot.co.uk/">The AdContrarian</a>, <a href="https://www.youtube.com/watch?feature=youtu.be&amp;v=RYZrjJGOhHI&amp;app=desktop">ID Comms</a>, <a href="https://blog.ebiquity.com/2017/02/ebiquity-in-the-press-millercoors-follows-anaebiquity-recommendations-on-media-transparency">Nick Manning</a> and the rest for shaking the trees. Somebody had to do it and it wasn’t ever going to be the large network agencies.</p>
<p>Clients needed to reclaim their primacy and there are signs they are at last starting to do so. Mind you one well-known digital expert has posted that Marc Pritchard&#8217;s IAB speech was designed with only one thing in mind – to get better prices for P&amp;G on FB.</p>
<p>There’s always one; the truth is the gravy train has hit the buffers.</p>
<p>To switch metaphors, when you’re in a hole, first stop digging, then start to clamber out. Time for the men with the ladders and a plan.</p>
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		<title>Data Lessons from Politics</title>
		<link>https://www.bjanda.com/blog/data-lessons-from-politics/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 02 Mar 2017 08:32:29 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=885</guid>

					<description><![CDATA[This week’s ‘Observer’ newspaper carried a lengthy piece on the work of Cambridge Analytica during both our EU Referendum campaign, and the US Election. Cambridge Analytica is a data business, backed by a wealthy American called Robert Mercer, who is both a friend of Nigel Farage and a supporter of Donald Trump through an association [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This week’s <a href="https://www.theguardian.com/politics/2017/feb/26/robert-mercer-breitbart-war-on-media-steve-bannon-donald-trump-nigel-farage">‘Observer’</a> newspaper carried a lengthy piece on the work of Cambridge Analytica during both our EU Referendum campaign, and the US Election.</p>
<p><span id="more-885"></span>Cambridge Analytica is a data business, backed by a wealthy American called Robert Mercer, who is both a friend of Nigel Farage and a supporter of Donald Trump through an association with Steve Bannon. The twin successes of the Brexit campaign, and the Trump election apparently owe something to CA’s work.</p>
<p>Details of how CA does what they do are unsurprisingly sketchy, but it seems they’ve developed a way of incorporating all sorts of data from multiple sources, including Facebook into a psychological profiling of many millions of people.</p>
<p>As the ‘Observer’ report states: “On its website, Cambridge Analytica makes the astonishing boast that it has psychological profiles based on 5,000 separate pieces of data on 220 million American voters – its USP is to use this data to understand people’s deepest emotions and then target them accordingly.”</p>
<p>We’ll leave others more qualified to comment on the ethics of this sort of profiling, but there are a few implications for the media industry.</p>
<p>The first is that if (as the ‘Observer’ piece claims) Mercer is all about dismantling the media establishment, then the established media ought to realise that in this particular arms race it has a pea shooter to combat the most efficient and accurate machine-gun ever devised.</p>
<p>One example makes the point. I’m a long-time subscriber to, and member of ‘The Guardian’. Yet almost every online article I access from their site begs me to become a member and to support their journalism.</p>
<p>‘The Guardian’ can’t even work out that a member and a subscriber doesn’t need to be asked to subscribe or join.</p>
<p>So much for big data.</p>
<p>Yet Cambridge Analytica are busy providing the framework to allow their political customers to fine-tune the messages sent out in such a way that they resonate powerfully with those receiving them. And one group of messages in the US is around how the mainstream media aren’t to be trusted.</p>
<p>Like it or not, all you have to do is pick up a newspaper or turn on a TV to know that that theme has certainly resonated.</p>
<p>Our industry struggles to tailor creative messages based on those reached. Far too often we place the same ad in ‘The Guardian’ as in ‘The Daily Mail’ – two titles at opposite ends of the spectrum when it comes to their readers’ attitudes about most things.</p>
<p>A columnist moving from ‘The Guardian’ to ‘The Daily Mail’ (as one or two have done) doesn’t write the same stuff – he or she tailors the message to the audience. Yet we can’t do that with ads, it seems.</p>
<p>The ‘production cost’ argument doesn’t stand up any more (if it ever did – after all most of the time we’re talking tone, not 100% different executions). We haven’t yet moved to the point where data contributes to creativity as opposed to merely measuring its result.</p>
<p>Whatever you may think of Cambridge Analytica, and the people they work for the fact remains that they appear to have built a system far ahead of anything in our business, despite all the self-proclaimed big data experts inhabiting our world.</p>
<p>Remember when we used to mock politicians’ inane attempts at marketing? Well, no more.</p>
<p>Reportedly, CA has no great interest in brand work. Probably just as well.</p>
<p>&nbsp;</p>
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		<title>On Trust</title>
		<link>https://www.bjanda.com/blog/on-trust/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 23 Feb 2017 08:40:17 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=882</guid>

					<description><![CDATA[Trust is a pretty simple concept – either you trust someone or you don’t. If you do, then a handshake like the one that formed the only ever contract between Arnold Palmer and Mark McCormack could be all you need. Simpler times of course, but at the other extreme are the multi-clause legal marathon terms [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Trust is a pretty simple concept – either you trust someone or you don’t. If you do, then a handshake like the one that formed the only ever contract between <a href="https://www.theguardian.com/news/2003/may/17/guardianobituaries.sport">Arnold Palmer and Mark McCormack</a> could be all you need.</p>
<p><span id="more-882"></span>Simpler times of course, but at the other extreme are the multi-clause legal marathon terms and conditions really necessary?</p>
<p>These thoughts were prompted by remembering a story I was once told by Richard Eyre, now (amongst other things) the Chairman of the IAB in the UK but one-time Media Director at the ad agency BBH.</p>
<p>Richard was due to present the annual media strategy and plan to one of his largest clients. The agency had sweated blood over the work, of which Richard was justifiably proud.</p>
<p>When the time came to present, the senior client asked for a copy of the accompanying document. Leafing quickly through it he asked Richard if it was a sound strategy and a great plan. Yes, said Richard of course it is. And did you work on it yourself? Yes. Are you happy with it? Yes.</p>
<p>Fine said the client. I trust you, it’s approved.</p>
<p>There are many lessons from this tale. First, as one of the best media people around, Richard had earned the client’s trust over and over again by delivering excellence.</p>
<p>Second, the client recognised that Richard was the media expert – he (the client) was not. What realistically was going to be gained by spending hours going over every last detail – details that would no doubt be changed over time anyway?</p>
<p>There was trust and trust beat every other consideration.</p>
<p>Would this happen today? No. For one thing, the client would no doubt feel it necessary to push the agency. Squeeze something he could sell on up the line as a concession or two; change something he could point to as an improvement. The client after all is both accountable and has to be seen to be accountable.</p>
<p>For another thing, the level of trust between clients and media agencies has I think all would agree reduced.</p>
<p>It saddened me to hear Marc Pritchard admit during his famous IAB speech that to his amazement agencies were indeed compliant when they made money on his money.</p>
<p>No doubt he’s right – many of the large media agency CEO’s are good at chanting ‘read your contract’ whenever there’s any chance of a client daring to question the agency’s behaviour.</p>
<p>Agencies are famously good at sliding clauses into contracts on the sure-fire certainty that most clients won’t spot them let alone question them.</p>
<p>For balance, far too many clients are equally good at ignoring payment terms on the basis that they’re the client and they’ll pay when they feel like it, whatever the agency’s contract says.</p>
<p>On both sides there’s a difference between striking a tough bargain and acting slyly.</p>
<p>Is this the way partners should behave?</p>
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		<title>The Media Agency Revolution</title>
		<link>https://www.bjanda.com/blog/the-media-agency-revolution/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 16 Feb 2017 09:13:12 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=880</guid>

					<description><![CDATA[Sometimes revolutions sneak up on you; eras end and no-one even notices until one day you open their eyes and, well who knew? For ages, boring bloggers (this one anyway) have been going on about the need for change, the coming of the transparent era, how the media agencies’ future resides with planners, how buying [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Sometimes revolutions sneak up on you; eras end and no-one even notices until one day you open their eyes and, well who knew?<span id="more-880"></span></p>
<p>For ages, boring bloggers (this one anyway) have been going on about the need for change, the coming of the transparent era, how the media agencies’ future resides with planners, how buying will become increasingly automated and on and on.</p>
<p>And guess what, it all seems to be starting to happen.</p>
<p>Many agency leaders would say they’ve been working away in this direction for years. The problem has been these positive changes are subsumed by the behaviour of some bozo somewhere who continues to undermine his colleagues not only by constructing deals designed to feather the agency’s nest over and above the needs of his clients, but also by insisting that all plans are ‘approved’ by the traders.</p>
<p>Slowly but surely the buying end of things is becoming more and more discredited. The small group of mates on both sides of the buy/sell divide is shrinking. In part this goes hand-in-glove with concerns over online placements, driven by the blunt nature of most programmatic methodologies, but don’t forget that the basis of many of these negotiation techniques predates online.</p>
<p>From a <a href="http://www.thetimes.co.uk/edition/news/big-brands-fund-terror-knnxfgb98#top">front-page story</a> in ‘The Times’ about the misuse of programmatic techniques, through to issues around the importance of <a href="http://www.bjanda.com/blog/using-influence/">valuing context</a> as one piece in encouraging free and responsible journalism, and on to P&amp;G’s restating of <a href="http://www.bjanda.com/blog/procter-leads/">the primacy of the client</a>, the era of the blind pursuit of the deal above all else is coming to an end.</p>
<p>Buying is news, and being in the news is not where traders like to be. Questions from senior clients are being asked and too often there are no good answers.</p>
<p>Plus &#8211; the machines are taking over. Automation can help improve the efficiency of the buy. Human skills are necessary to write the cut-through plan.</p>
<p>This does not mean that buyers will soon become extinct, rather that the creative deal-making talents of the best will be re-centred on delivering for the client over and above all other considerations.</p>
<p>The quality of thinking by some in agencies has never been in doubt. There are still skilful planners out there (even if too many have been driven out by having their plans mangled by heads of trading). Maybe there aren’t as many as there should be, maybe they’re not yet much of a feature outside the main media markets but build the culture and they will come.</p>
<p>Agencies are still labelled by too many as ‘my media buying agency’. The descriptor unfortunately is a reflection of how many behave, but there is change in the wind.</p>
<p>More pitch briefs are stating the need for effectiveness in communications as well as and alongside pricing efficiencies. Yes, I know it’s just words, and that stating an intention is different from agreeing to pay for something, but the more the agencies continue to push the planning agenda the more clients will come to value the skill.</p>
<p>The grey deal era is coming to an end. Time to shine a light.</p>
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		<title>A Period of Introspection?</title>
		<link>https://www.bjanda.com/blog/a-period-of-introspection/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 Feb 2017 09:13:15 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=877</guid>

					<description><![CDATA[Last week’s Cog Blog was enthusiastic in its praise for the speech given by P&#38;G’s Marc Pritchard to the IAB leadership conference. We weren’t the only ones – Pritchard’s speech received rave reviews all over the world, with Mark Ritson calling it ‘the most important marketing speech in 20 years’. But, the reaction from one [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last <a href="http://www.bjanda.com/blog/procter-leads/">week’s Cog Blog</a> was enthusiastic in its praise for the speech given by P&amp;G’s Marc Pritchard to the IAB leadership conference. We weren’t the only ones – Pritchard’s speech received rave reviews all over the world, with Mark Ritson calling it ‘the most important marketing speech in 20 years’.<span id="more-877"></span></p>
<p>But, the reaction from one sector of the industry wasn’t so much muted as inaudible. I may very well be reading the wrong blogs/newsfeeds/trade books (and if I have been, someone will tell me) but I’m yet to see any agency commenting on what Marc had to say.</p>
<p>This is odd. Agency people a) like to be quoted on almost anything, and b) are expert at jumping on popular bandwagons.</p>
<p>Plus, much of what Marc had to say could be said to feed into certain well-aired agency themes: ad fraud = bad; technology chain = too long; data in walled gardens = undesirable; agencies being contract compliant = good; agencies being properly paid = excellent.</p>
<p>It is true that P&amp;G’s business is in review in multiple markets, and that could make the usual rent-a-quotes cautious, but wouldn’t this be the perfect time to ingratiate yourself with the boss?</p>
<p>So why aren’t the agencies, from Sir Martin Sorrell and Maurice Levy down hanging out the bunting and killing the fatted calf?</p>
<p>Could it be that some of the agencies’ public statements on the awful complexity of the adtech supply chain, of the need for simplicity and transparency in every step of the process, are not quite as heartfelt as they might appear? Quite possibly, as many appear to benefit from these inefficiencies.</p>
<p>Then there’s the traders’ boasts that they and only they are responsible for deals worth gazillions of dollars to this media owner or that platform. How often do you read of holding company &#8216;X&#8217; striking a huge media deal with &#8216;Y&#8217;? It’s now been quietly but firmly pointed out to the world at large that it’s the client’s money, and the client expects it to be spent on his behalf and to his benefit.</p>
<p>Finally, there must be some gnashing of agency teeth that the work done by the ANA and ISBA has had an effect on the largest advertiser out there. Remember some of the holding companies’ reactions to these initiatives?</p>
<p>The ANA survey was criticised on the basis that the holding companies were (quite rightly) <a href="http://www.bjanda.com/blog/the-ana-a-first-stab/">refused permission</a> to be given the names and addresses of all those questioned. There was the <a href="http://www.bjanda.com/blog/the-strange-case-of-irwin-gotlieb-and-the-auditor/">bizarre claim</a> that the whole thing was a plot hatched by the auditors. ISBA’s comments were clearly off-beam as they <a href="http://www.bjanda.com/blog/agencies-in-a-binary-world/">ignore</a>d all those <a href="http://www.campaignlive.co.uk/article/mediacom-success-shows-isba-wrong-media-agencies/1415290?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20161111&amp;utm_content=www_campaignlive_co_uk_ar_2">nice awards</a>.</p>
<p>Marc Pritchard’s remarks restated quietly and unemotionally the primacy of the client. He reminded everyone that agencies work for him, and that he expects the best, most objective advice from them. Dodgy practices, be they lengthy inefficient supply chains, or the lack of verifiable access to data inside walled gardens will no longer be supported by his company’s cash.</p>
<p>Agency volume deals with some of those implicated by P&amp;G’s new rules are at risk. Revenues could be impacted.</p>
<p>Hence the introspection.</p>
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		<title>Procter Leads</title>
		<link>https://www.bjanda.com/blog/procter-leads/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 02 Feb 2017 06:58:42 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=874</guid>

					<description><![CDATA[I grew up on the Procter and Gamble account. For a media planning director in a newly appointed roster agency, P&#38;G was scary. The established roster had some of the best media people in London, one of whom (John Perriss, then at Saatchi, soon to be the founder of Zenith) talked to me about what [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I grew up on the Procter and Gamble account.</p>
<p>For a media planning director in a newly appointed roster agency, P&amp;G was scary. The established roster had some of the best media people in London, one of whom (John Perriss, then at Saatchi, soon to be the founder of Zenith) talked to me about what it was like to work on what he described as ‘the world’s best client’.<span id="more-874"></span></p>
<p>As John said: P&amp;G believe in advertising, spend heavily, test everything, learn from everything, pay fairly and on time and are extremely loyal. Do well by them (he said) and you’ll learn a lot, and prosper.</p>
<p>Then and now P&amp;G leads the industry. Other marketers rightly hold them in high esteem.</p>
<p>One thing has changed; today Procter says more in public than they ever did. They take their leadership position seriously, to the benefit of others.</p>
<p>Earlier this week Marc Pritchard, P&amp;G’s CMO gave a speech at the IAB Leadership event in Florida. <a href="https://www.linkedin.com/pulse/biggest-marketing-speech-20-years-mark-ritson">Mark Ritson</a>, a man famously hard to impress has called it ‘the most important marketing speech of recent times.’</p>
<p>You can watch the whole speech <a href="https://www.youtube.com/watch?v=NEUCOsphoI0">here</a>. P&amp;G has decided on an action plan on viewability, on simplifying the tortuous (and expensive) process that is the digital media supply chain, on objective verification of digital data media and on agency transparency.</p>
<p>Procter will no longer support digital media forms that don’t adopt the basic viewability standards laid down by the US Media Research Council.</p>
<p>No more time spent arguing the toss about what does and doesn&#8217;t constitute a view. Deliver to the industry standard or forget P&amp;G&#8217;s money.</p>
<p>Nor will they put up with the long and non-transparent string of middle-men involved in so many digital buys, a system Pritchard describes as ‘inefficient and fraudulent’ and which brings him zero benefit.</p>
<p>Procter is also not happy with platforms whose data lives inside walled gardens. Pritchard called for objective measurement and verification. He’s certainly not alone &#8211; Google and Facebook (the two main culprits) have already quietly started reacting to pressure on this topic.</p>
<p>Then, and significantly there’s the well-reported media agency culture of having the buys lead the plans, leading to a lack of transparency over agency deals.</p>
<p>Pritchard was horrified to discover that one of his agencies (wonder who?) was making money off the back of his budgets, but is big enough to accept that the agency was technically only doing what they were contractually permitted to do.</p>
<p>P&amp;G were unaware of the implications of what was and wasn’t contractually allowed, a fact that Pritchard finds humbling.</p>
<p>At the same time as demanding an end to the sort of practices highlighted by the ANA work, Pritchard restated his company’s commitment to paying their agencies fairly.</p>
<p>Every media agency’s contract will be examined to ensure that the linked principles of total transparency, and fair payment are clear.</p>
<p>Pritchard ended by calling for the industry to act. He is putting his suggestions out there for others to adopt, refine or ignore, but he makes a strong case for change.</p>
<p>For those of us calling for individual clients to step up, to assert their primacy, to bring an end to the agency networks’ buying-led behaviours (practices that emasculate planning), to use their dollars to clean up the online ad business, and to reconsider an unjustifiable obsession with what Mark Pritchard called ‘the latest shiny objects’ this speech represents a big moment.</p>
<p>Will it really change anything? You bet your sweet bippy (to quote the late, great Dick Martin).</p>
<p>This week, P&amp;G called a review of their UK and Northern Europe media business to go alongside a review already scheduled across the majority of Europe.</p>
<p>Others are already doing something similar.</p>
<p>Watch this space.</p>
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		<title>News Media: A Slither of Hope</title>
		<link>https://www.bjanda.com/blog/news-media-a-slither-of-hope/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 Jan 2017 08:40:36 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=872</guid>

					<description><![CDATA[It would be wonderfully ironic if Donald Trump, who seems to believe he’s in some sort of holy war against the established press, should prove to be the medium’s saviour. Sadly, that’s unlikely (Trump-driven upticks in sales of the printed ‘real news’ media are unlikely to be anywhere near sufficient to counter the long-term decline [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It would be wonderfully ironic if Donald Trump, who seems to believe he’s in some sort of holy war against the established press, should prove to be the medium’s saviour.<span id="more-872"></span></p>
<p>Sadly, that’s unlikely (Trump-driven upticks in sales of the printed ‘real news’ media are unlikely to be anywhere near sufficient to counter the long-term decline in ad revenues), but the current furore over fake news and ‘alternative facts’ does give newspapers and news magazines the opportunity to stress the benefits of objective journalism.</p>
<p>As we said <a href="http://www.bjanda.com/blog/using-influence/">last week</a> putting a value on values is hard but a noble objective.</p>
<p>One thing’s for sure, and that’s lumping everything together through an all-purpose, lowest common denominator sales operation isn’t going to help. <a href="http://www.campaignlive.co.uk/article/daily-mail-pulls-joint-newspaper-ad-sales-initiative-project-rio/1421053">‘The Daily Mail’</a> is well out of it.</p>
<p>What also won’t help (and this penny does seem to have dropped) is a reliance on tech platforms like Facebook.</p>
<p>Why anyone would fall for the idea that journalism’s future lies in delivering mass reach whilst providing <a href="https://cdn.ampproject.org/c/digiday.com/publishers/publishers-made-14-percent-revenue-distributed-content/amp/">limited direct revenue</a> to the business that creates the quality content is beyond me.</p>
<p>Newspapers, and indeed other online media forms need to elevate the ad sales conversation away from lowest CPM, or any other output-based metric, and the only way they’re going to do that is by focussing on the demonstration of effect.</p>
<p>They need to prove their worth in language that resonates with the advertiser, and avoid the dive to the bottom produced by programmatic algorithms.</p>
<p>Unfortunately, those that run newspapers seem to have bought into the need for cheapness at all costs.</p>
<p>How else to explain the mass exodus of data and insight specialists from some of our leading titles, shortly followed by experienced commercial heads like Dave King (now ex-Telegraph) and James Wildman (now ex-Trinity Mirror)?</p>
<p>We don’t need cleverness, appears to run the argument, just give me loads of clicks.</p>
<p>Well, that hasn’t worked either, to the surprise of precisely no-one.</p>
<p>Newspapers (and other purveyors of quality journalism) are uniquely powerful channels, whether consumed online, in print or both.</p>
<p>News media work – why else do the rich and the powerful get so upset when they run stories that expose their perceived wrong-doing?</p>
<p>They work – look at all that excellent work from <a href="https://effectiveness.newsworks.org.uk/?utm_source=Newsworks&amp;utm_medium=HPC&amp;utm_campaign=Newsworks">Newsworks</a>.</p>
<p>If you have something that works shouldn’t you be going out to demonstrate that it works not just in general terms but in a way of specific relevance to your channel and your key advertisers?</p>
<p>Doing the opposite and focussing on delivering the lowest costs at all costs makes zero sense.</p>
<p>And that’s not a word of an ‘alternative fact’.</p>
<p>&nbsp;</p>
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		<title>Using Influence</title>
		<link>https://www.bjanda.com/blog/using-influence/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 19 Jan 2017 10:13:54 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=869</guid>

					<description><![CDATA[Last week’s Cog Blog post expressed the hope that facts, and fact-based opinion would rebound in 2017. We need to banish the whole notion of fake news – a phrase that is already becoming the catch-all defence used by politicians to deflect questions they don’t wish to answer. Advertisers and their agencies have an important [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s <a href="http://www.bjanda.com/blog/here-we-go/">Cog Blog</a> post expressed the hope that facts, and fact-based opinion would rebound in 2017. We need to banish the whole notion of fake news – a phrase that is already becoming the catch-all defence used by politicians to deflect questions they don’t wish to answer.</p>
<p><span id="more-869"></span>Advertisers and their agencies have an important role to play in this. A Twitter-based movement (Sleeping Giants) is already showing what can be done to ‘encourage’ advertisers to boycott sites like Breitbart.</p>
<p>This is obviously a tricky area. Where does freedom of speech stop and spreading of hate start?</p>
<p>When is an advertiser justified in using his dollars to influence, however indirectly an editorial policy?</p>
<p>Clearly any advertiser can decide where to spend budget. If he decides against any particular site (or indeed publication or TV show) on the basis of content then that is subtly different from using financial clout to drive a particular editorial agenda.</p>
<p>A couple of weeks ago Rob Norman of GroupM published <a href="https://www.linkedin.com/pulse/happy-new-year-rob-norman?trk=hb_ntf_MEGAPHONE_ARTICLE_POST">a good piece</a> on LinkedIn. One of Rob’s action points in combating fake news concerns the funding of what he (rightly) calls ‘real journalism:</p>
<p>“The funding model for real journalism and the pursuit of truth need to be seen as a collective responsibility. It&#8217;s quite possible that the underlying problem with fake news is the declining resources available to fund real news.”</p>
<p>Rob’s point on collective responsibility is well made.</p>
<p>It’s time that advertisers valued values and didn’t simply see media forms as a way of getting to loads of eyeballs, regardless of how.</p>
<p>Valuing values almost certainly has a price, but surely the price is worth paying if one result is the safeguarding of ‘real journalism’ (which helps with advertiser benefits such as ‘attention’ and ‘engagement’)?</p>
<p>The agencies must play their part too. It’s easy to talk a client out of paying more, but a narrow focus on reach risks some ads appearing where those paying for them would rather they didn’t.</p>
<p>We all know that traders will baulk at any planning decision that upsets their agency deals, or indeed <a href="http://digiday.com/agencies/confessions-media-agency-veteran-programmatic-margins-downward-spiral/">their algorithmic processes</a> (thanks to Digiday UK).</p>
<p>But as we’ve said here many times, plans need to drive buys not the other way around.</p>
<p>It’s time agencies acted on their stated aim being to benefit the advertiser, and move on from having traders lead planners by the nose.</p>
<p>It would be positive if Rob’s piece evolved into an actioned policy implemented throughout his agencies.</p>
<p>Rob does point out that his LI published views are personal. Yet he is certainly a major driver of GroupM policy.</p>
<p>But personal or not, what better way for GroupM to lead by seizing the high ground? Building on their verification work to truly consider editorial context in both plans and buys would make for a hopeful start to 2017.</p>
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		<title>Here We Go</title>
		<link>https://www.bjanda.com/blog/here-we-go/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 12 Jan 2017 08:50:06 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=866</guid>

					<description><![CDATA[Hello again and a belated Happy New Year! This is the season when we should all be full of hope for the future, so rather than making firm predictions (that can duly be proved wrong in time) this the first Cog Blog of 2017 will focus on hopes for the coming year. I hope that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Hello again and a belated Happy New Year! This is the season when we should all be full of hope for the future, so rather than making firm predictions (that can duly be proved wrong in time) this the first Cog Blog of 2017 will focus on hopes for the coming year.<span id="more-866"></span></p>
<p>I hope that facts become fashionable again. Whatever one’s political persuasion, we can all agree that both the EU referendum in the UK and the US Presidential election were full of exaggerations, mis-speaks and untruths. Fact-checkers have never had so much fun.</p>
<p>Those whose profession is at the very least loosely based on facts (including quality press journalists) found that their ability to influence events was rather less than they had thought. They lost.</p>
<p>Opinion pollsters, whose predictions are often presented as facts lost too.</p>
<p>Those who care little for objectivity and who generally prefer noise over discussion won.</p>
<p>When any group suffers a shock there tends to be a reaction. We all need a free press, representing all shades of opinion. We need journalists. We need facts.</p>
<p>In 2017 these needs will hopefully translate into action. I’m hoping for rises in the circulations/viewerships of those newspapers and magazines that deal in fact-based opinions as we come to realise their importance.</p>
<p>Audience researchers deal in unbiased, measured data. Some digital platforms (ironically) prefer to control what they release to the market.</p>
<p>I hope there will be a closer collaboration between those charged with measuring audiences – whether inside or outside the industry bodies. The principle of objective measurement is too important to let go.</p>
<p>Post their horrible 2016, 2017 will see media agencies continuing the rebalancing of planning and trading. The pendulum has swung too far towards the traders and away from the planners, too many of whom are starting to resemble academics with little influence over final outcomes.</p>
<p>Agencies need to rebuild trust with their clients. They can best do this by focussing more on their undoubted planning skills and less on the ‘never mind the quality, feel the price’ argument.</p>
<p>2016’s controversy over transparent trading will with any luck continue. This is too important an issue to allow those implicated to bury it. I hope the remit of the ongoing DoJ investigation in the US is expanded to cover media trading practices.</p>
<p>Collaboration will become a key byword in agencies. The world is too complicated for any one side of the business to think it can do everything.</p>
<p>This sense of collaboration will impact the digital industry too, as it grows up. Hopefully we’re emerging from the phase where everything was presented as if in some stupid competition for the biggest meaningless numbers.</p>
<p>All media forms have their place, all have their strengths and weaknesses. It should be (and is) perfectly possible for the likes of YouTube to win without using dodgy data to denigrate TV.</p>
<p>I’m hoping for less hype, less exaggeration, and less of a focus on the biggest gross numbers.</p>
<p>Rather I hope for more of a focus on verification, on effectiveness and on the facts beating out the exaggerated promises of the second-hand car dealer to drive media actions.</p>
<p>A final hope – may this year be a boring one. After all the excitement, the challenges, the changes of 2016 we could all do with a year of drawing breath, of simply getting on with getting on.</p>
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		<title>That Was 2016 That Was</title>
		<link>https://www.bjanda.com/blog/that-was-2016-that-was/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Dec 2016 08:55:24 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=862</guid>

					<description><![CDATA[This is the last Cog Blog post of 2016, so it seems appropriate (even mandatory) to look back at some of the highlights (and lowlights) of this year. It’s the season of goodwill, so let’s focus more on the good, and less on the bad and the ugly. New agency models started to emerge. It’s [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This is the last Cog Blog post of 2016, so it seems appropriate (even mandatory) to look back at some of the highlights (and lowlights) of this year.<span id="more-862"></span></p>
<p>It’s the season of goodwill, so let’s focus more on the good, and less on the bad and the ugly.</p>
<p>New agency models started to emerge. It’s tempting to say that at least one of them looked a little like a reworking of a very old model indeed, but that would be wrong.</p>
<p>Integrated working, with all aspects of the agency’s offering pulled together seamlessly for the client is nothing new as a concept.</p>
<p>This is not a return to the old full-service agency system. That model was fine in theory but as anyone who worked in the agencies of the time will testify working together seamlessly is much more about a mindset than simply a consequence of physical proximity.</p>
<p>Putting people together in one building is all very well, and it helps of course but if individuals don’t see any point in working closely together then no amount of pushing them towards each other will make them do it.</p>
<p>The reason for optimism is based on clients.</p>
<p>Clients have had enough of herding cats, of breaking up playground tussles. They want the best people working together to solve their problems. Anything else is rightly seen as an internal agency problem that clients want fixed.</p>
<p>The Omnicom agency solution for McDonald’s sounds like one model; the growth of client in-house agency providers like Oliver and The&amp;Partnership is another.</p>
<p>VCCP’s purchase of the media agency Adconnection and bringing Catherine Becker and her team into VCCP is another approach which seems to be bearing fruit.</p>
<p>Havas moving their agencies together into one location is yet another signpost to a more integrated future.</p>
<p>Beyond optimism, the media world still has a lot going for it. Here are some of the things I’ve liked this year.</p>
<p>Simon Andrews’ Addictive weekly news compendium <a href="http://www.addictivelondon.com/#mobile-fix">Mobile Fix</a> is both impressive and a must read for anyone wanting to keep up, even if I understand only about one word in three.</p>
<p>Weirdly, agencies are poor at external communications. Most media agency Twitter accounts are simply dull; the agency equivalent of the interview with the sports star. Predictable and wary of saying anything remotely interesting.</p>
<p>An exception is the7stars <a href="https://twitter.com/the7stars">weekly update</a> which every week reminds me of what fun it was (and should still be) working in a media agency.</p>
<p>I’ve also enjoyed <a href="http://idcomms.com/">ID Comms’</a> Media Snack YouTube videos. Compare and contrast with far drier offerings from other consultants (not to mention bloggers).</p>
<p>Bob Hoffman’s <a href="http://adcontrarian.blogspot.co.uk/">AdContrarian</a> blog is still a great read, as is anything from <a href="http://davetrott.co.uk/">Dave Trott</a>. Reading these have helped keep me sane.</p>
<p><a href="http://www.bjanda.com/blog/research-resurgent/">Audience measurement</a> advanced, as was evidenced at this year’s <a href="https://www.asiconferences.com/conference-programmes/">asi Conference</a>, the best I can remember.</p>
<p>What was less good?</p>
<p>Agencies generally had a tough time, with advertiser trade bodies on both sides of the Atlantic finally showing some teeth in getting to grips with the whole issue of agencies acting in their own self-interest via the mechanism of rebates.</p>
<p>Trust in agencies generally has been further eroded by the news, <a href="http://www.wsj.com/articles/justice-department-investigates-rigging-of-contracts-in-advertising-industry-1481046420">broken in ‘The Wall Street Journal’</a> that the US Department of Justice is looking into alleged agency malpractices around post production. It must surely only be a matter of time before the ANA’s work on media rebates fuels a similar investigation.</p>
<p>More specifically, Dentsu Aegis <a href="https://www.linkedin.com/pulse/dentsu-aegis-poster-child-ad-industry-transparency-concerns-campeau?trk=prof-post">described by Cliff Campeau</a> as the ‘Poster child for the ad industry’s transparency concerns’ have issues. Not only are <a href="http://www.bjanda.com/blog/trouble-ahead-for-dentsu-aegis/">Aegis in deep trouble</a> in Germany, but the Dentsu parent has been caught over-charging for digital activities by Toyota.</p>
<p>Dentsu Aegis also saw fit to start promoting an arbitrage service apparently launching in the USA (I say ‘apparently’; as <a href="http://mediatel.co.uk/newsline/2016/11/21/aegis-figures-it-out-we-cant-beat-xaxis-lets-copy-it/">Dominic Mills’ piece</a> suggests Aegis’ PR team seems to know nothing about it).</p>
<p>Given the focus on transparency, the timing could hardly have been worse.</p>
<p>GroupM continued to lead the industry in so many ways: their mPlatform concept seems on the surface to be a very good idea, and one I suspect that no other holding company could have come up with.</p>
<p>Yet GroupM’s refusal to even contemplate any wrong-doing grates. Both <a href="http://www.bjanda.com/blog/the-strange-case-of-irwin-gotlieb-and-the-auditor/">Irwin Gotlieb</a> and <a href="http://www.bjanda.com/blog/agencies-in-a-binary-world/">Nick Theakstone</a> were guilty of going public with tortuous arguments as a way of deflecting any suggestion that just maybe their organisation was touched by the ANA/ISBA criticisms.</p>
<p>GroupM also has a court battle looming against the media auditor Ebiquity which when set alongside their reaction to losing the UK Government media contract in 2014 (another threat to go to court although that eventually came to nothing) suggests an organisation that doesn’t take kindly to criticism.</p>
<p>Any industry cheer-leader will attract criticism aimed at the industry. But it may be wise to speak up constructively, rather than to dissemble.</p>
<p>Elsewhere Starcom lost a CEO; Publicis created Publicis Media; Havas’ UK CEO Paul Frampton continued his one-man social media campaign; and IPG did little of note.</p>
<p>To end on a positive: on a global basis, OMG launched a new agency (Hearts and Science) and <a href="http://www.bjanda.com/blog/wondering-about-omnicom/">won a number of major accounts</a> in the USA. It will be interesting to see how or if that success travels.</p>
<p>Going into 2017, I have OMG leading the Premier League, with GroupM snapping at their heels, despite their managers playing the tiresome Jose Mourinho role by blaming the referee for everything.</p>
<p>Publicis is top of the Championship with IPG leading the chasing pack and Havas some way behind them.</p>
<p>Dentsu Aegis have been docked several points for failing the fit and proper person test and are now starring relegation to League Division One in the face.</p>
<p>The Cog Blog continues to add readers – many thanks to everyone who read and indeed commented on my ramblings this year.</p>
<p>Happy Christmas to you all. See you on the other side.</p>
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		<title>Agencies in a Binary World</title>
		<link>https://www.bjanda.com/blog/agencies-in-a-binary-world/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Dec 2016 08:16:19 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=859</guid>

					<description><![CDATA[We’re living in a world that is becoming ever-more binary. Never mind that in life most things are nuanced, with light and shade, pros and cons on both sides of any argument. Today you have 140 words to express your opinion. In the echo chamber that is social media if you don’t agree with me, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>We’re living in a world that is becoming ever-more binary. Never mind that in life most things are nuanced, with light and shade, pros and cons on both sides of any argument. Today you have 140 words to express your opinion. In the echo chamber that is social media if you don’t agree with me, in my eyes you’re wrong.<span id="more-859"></span></p>
<p>And so it is in our industry too.</p>
<p>Media agencies are untrustworthy. Clients don’t appreciate or pay them properly. No-one watches TV or reads printed materials. Online ads don’t work.</p>
<p>Anyone claiming any role for established offline media forms is a dinosaur (or the Taliban according to one weekly newsletter).</p>
<p>Anyone suggesting that sometimes online media forms play a valuable role in a media plan is clearly driven by base motives.</p>
<p>All of these are less than 100% true 100% of the time.</p>
<p>It has been demonstrated, from the formalities of the Jon Mandel work and the subsequent ANA investigation down to anecdotes from consultants, auditors, and the personal experiences of several ex-agency people, that many media agencies have lacked transparency in their trading practices.</p>
<p>This does not mean that every person in every agency is in on whatever scam has been dreamt up by the people responsible for doing the deals.</p>
<p>At the same time it doesn’t follow that every accusation is baseless.</p>
<p>A few weeks ago the <a href="http://www.bjanda.com/blog/the-strange-case-of-irwin-gotlieb-and-the-auditor/">Cog Blog</a> commented on the strange remarks of GroupM’s Global Chairman Irwin Gotlieb, who basically suggested that the whole Mandel/ANA thing was cooked up to enrich auditors.</p>
<p>A case of mis-speaking from a smart guy, I thought. No-one as talented as Irwin could really believe such a theory.</p>
<p>We didn’t have to wait too long for the next cab off the rank.</p>
<p>Nick Theakstone, who heads GroupM in the UK <a href="http://www.campaignlive.co.uk/article/mediacom-success-shows-isba-wrong-media-agencies/1415290?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20161111&amp;utm_content=www_campaignlive_co_uk_ar_2">published a piece</a> after a UK media awards evening at which his agency MediaCom had done remarkably well.</p>
<p>Nick’s ire was aimed at our version of the ANA, ISBA. Whilst it may not be advisable to attack one’s clients in the trade press, trade bodies are it seems fair game.</p>
<p>Several months ago ISBA issued its members with a media agency contract template designed to ensure transparency. This was largely seen as a good initiative and useful as a start-point in negotiations.</p>
<p>Separately, ISBA’s Head of Consulting, Debbie Morrison was quoted as saying she had a concern that media agencies no longer always act in the best interests of their clients. Debbie’s views are hardly unique, and are supported by the facts.</p>
<p>Nick Theakstone clearly considers this to be a major slur, his argument has been to use MediaCom’s success at an awards event (awards largely judged by their peers) as proof that ISBA was wrong.</p>
<p>A hatful of awards: “..help (anyone) to really understand the extent to which media agencies deliver for clients”.</p>
<p>He’s confusing ‘media agencies’ with ‘trading organisations that sit above media agencies’.</p>
<p>I don’t think anyone in the great transparency debate has ever questioned the hard work and dedication of the planners, researchers and strategists (the people who work every day with clients, and who incidentally write the award entries) at MediaCom, OMD, Zenith and the rest.</p>
<p>The issue lies with the traders (generally in the mini-holding companies) who still insist that plans written to specific client briefs are submitted to them for approval. Meeting a share deal beats meeting client needs, in other words.</p>
<p>Jon Mandel’s original work was based on interviews with planners, same with much of the K2 work for the ANA. The criticisms in the conclusions drawn by the ANA and ISBA are aimed at traders.</p>
<p>MediaCom is a planning agency; Nick Theakstone heads an organisation that has group trades at its heart.</p>
<p>It’s misleading to conflate the two things.</p>
<p>&nbsp;</p>
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		<title>Research Resurgent</title>
		<link>https://www.bjanda.com/blog/research-resurgent/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 28 Nov 2016 08:31:28 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=856</guid>

					<description><![CDATA[It may seem an odd time to praise the research industry. After all, when it came to the two most significant public votes this year (the EU Referendum here and the US Presidential Election there), the market research industry managed to call both wrong. It’s hardly that they were even multiple choice, both were in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It may seem an odd time to praise the research industry. After all, when it came to the two most significant public votes this year (the EU Referendum here and the US Presidential Election there), the market research industry managed to call both wrong. It’s hardly that they were even multiple choice, both were in effect ‘yes’/‘no’ questions.<span id="more-856"></span></p>
<p>For several weeks, back in June the British press was full of polls on whether we were staying or going. My American friends were bombarded by polls, and experts interpreting the polls on what the nation’s voters were thinking about the two very different options open to them.</p>
<p>And in both cases most pollsters, and most experts got it wrong.</p>
<p>The audience measurement end of the market research world has always seemed to me to be something of a poor relation. Heaven knows The MRS, ESOMAR and The ARF are hardly organisations to set the pulses racing, yet even they appear to look down upon their media cousins.</p>
<p>And yet two recent examples indicate that the media research world is vibrant, and is indeed well on the way to tackling the many measurement issues facing a complicated and fast-changing set of challenges.</p>
<p>Earlier this month, at the annual asi TV and Radio Conference in Budapest, the major audience measurement businesses, the likes of Nielsen, Kantar Media, GfK, IPSOS and Mediametrie discussed the latest technological developments within their organisations – developments designed to address a broadcasting world within which viewing takes place both when and where the individual wants it to, and on whatever device he or she chooses.</p>
<p>There was talk of passive measurement techniques, like watches, and of the full integration of any number of datasets to bring the principles of big data analytics to bear on helping users understand the viewing and listening landscape.</p>
<p>The research companies’ clients – the broadcasters and the joint industry bodies – demonstrated how they are managing to juggle the need to adapt and evolve, with the commercial requirement for consistent, predictable, industry-acceptable data.</p>
<p>Not an easy trick to pull off.</p>
<p>Right now judging is well underway in the annual Mediatel Media Research Awards. There have been over 70 entries, from all sorts of quarters – media agencies, trade bodies, research companies, broadcasters, publishers, and out-of-home businesses among them.</p>
<p>The results won’t be announced until next year, but it’s not breaking any confidences to say that the quality of entries is higher than ever, and the range of techniques and approaches used startlingly wide.</p>
<p>The media industry, and more specifically those not directly involved in how we measure what we need to measure is very quick to criticise the trade bodies, and the media research world in general.</p>
<p>What’s the use of samples when we have universe data, cry the digiterati.</p>
<p>And yet the data emerging from trade bodies’ and from individual media organisations’ samples, and the evolution underway at those research companies involved in measuring audiences in one shape or form stack up pretty well against the disarray in online audience measurement</p>
<p>Working hard towards an industry-wide consensus, developing, discussing and sharing has a lot going for it.</p>
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		<title>Maintaining Editorial Independence</title>
		<link>https://www.bjanda.com/blog/maintaining-editorial-independence/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Nov 2016 09:19:45 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=853</guid>

					<description><![CDATA[Last week in the UK, Lego, prompted by an online consumer campaign called Stop Funding Hate put out a statement that they would no longer be doing business with ‘The Daily Mail’. The campaign described the newspaper’s editorial position thus: (they) “create a distrust of foreigners&#8221; and &#8220;blame immigrants for everything&#8221;. Is it right that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week in the UK, Lego, prompted by an online consumer campaign called Stop Funding Hate put out a statement that they would no longer be doing business with ‘The Daily Mail’. The campaign described the newspaper’s editorial position thus: (they) “create a distrust of foreigners&#8221; and &#8220;blame immigrants for everything&#8221;.<span id="more-853"></span></p>
<p>Is it right that advertisers should pressure newspapers in this way?</p>
<p>Here is what I wrote about ‘The Daily Mail’ <a href="http://www.bjanda.com/blog/mail-and-farewell/#more-184">in a post</a> back in October 2013:</p>
<p>“I loathe The Daily Mail. I hate what it stands for; I hate its attitude towards the gay community, towards Muslims, towards working mothers, I hate its ability to instil a sense of fear and mistrust amongst its readers.”</p>
<p>‘The Mail’s’ latest stunt has been to call three judges who had (in the eyes of ‘The Mail’) tried to block our exit from the European Union, ‘Enemies of the People’.</p>
<p>The judges had ruled that in the UK Parliament is sovereign, and that it is not in any Government’s gift to decide not to consult with them, on Brexit or indeed on anything else.</p>
<p>In making its case, ‘The Mail’ decided it was relevant to point out that one of the three judges is ‘openly gay’.</p>
<p>On much the same footing, <a href="https://www.theguardian.com/politics/2016/nov/11/article-50-claimant-gina-miller-safe-outside-brexit">Gina Miller</a>, the woman who brought the case in the first place has been described in our tabloid press as a ‘foreign born immigrant’. She was indeed born in Guyana but has lived in the UK since she was 10. She’s a successful businesswoman and philanthropist.</p>
<p>‘The Sun’ is alleged to have gone to the trouble of adjusting Ms Miller’s skin colour in its front-page article to make her appear darker than she really is.</p>
<p>Following her action, and the papers’ coverage of it Ms Miller has been advised it is not safe for her to venture outside.</p>
<p>Should newspapers be allowed to promote views that stir up fear and hatred without comment, and is it up to advertisers to pressure them by withholding funds?</p>
<p>My view is that ‘The Mail’ should be allowed to write whatever it wants within the law. As I say, I loathe it but then I increasingly find myself loathing many things apparently adored by others.</p>
<p>I don’t think it’s appropriate for advertisers to make public statements designed to pressure any media owner to change its editorial position.</p>
<p>It is of course up to advertisers where they advertise. If they choose not to advertise to a particular audience, defined by whatever criteria, or within a particular context then that’s up to them.</p>
<p>At least ‘The Mail’ is edited and thus someone is ultimately responsible for what appears.</p>
<p>Facebook and other platforms aren’t edited, or at least not in a way any newspaper editor would recognise.</p>
<p>So when FB pages are full of the sort of factual inaccuracies that featured so heavily in both our EU Referendum and in the US Presidential election the primary responsibility rests with the millions of people posting them.</p>
<p>I don’t think you can edit a platform any more than you can stop someone in a pub lying about a potential outcome in order to persuade someone to do something.</p>
<p>Maybe there are levers that could be put in place to ensure that the most obvious untruths are weeded out using technology.</p>
<p>If people want to believe something they’ll believe it, whether it’s true or not.</p>
<p>Advertisers should not play any part in influencing editorial beyond making a judgement on the context within which their ads appear, and the nature of the audience they wish to reach.</p>
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		<title>The Strange Case of Irwin Gotlieb and the Auditor</title>
		<link>https://www.bjanda.com/blog/the-strange-case-of-irwin-gotlieb-and-the-auditor/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Nov 2016 08:37:36 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=851</guid>

					<description><![CDATA[The first element within the ANA’s enquiry into agency rebates and other alleged malpractices was published back in June and contained the results of 150 confidential interviews with media practitioners. Its conclusions may have surprised many advertisers but I am yet to find anyone with an agency background who was shocked by the findings. You [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The first element within the ANA’s enquiry into agency rebates and other alleged malpractices was published back in June and contained the results of 150 confidential interviews with media practitioners. Its conclusions may have surprised many advertisers but I am yet to find anyone with an agency background who was shocked by the findings.<span id="more-851"></span></p>
<p>You might have thought that once the ANA conclusions were out there a smart strategy for the agencies would be to batten down the hatches, put their own houses in order, speak privately to their clients and make as few public statements as possible.</p>
<p>And to be fair this is what most of them have done.</p>
<p>Except for Irwin Gotlieb, GroupM’s Global Chairman who it seems prefers the attack-as-the-best-form-of-defence option.</p>
<p>There is no other way to explain an extraordinary interview Irwin gave on stage at the Video Everywhere Summit, as <a href="http://www.mediapost.com/publications/article/287892/gotlieb-slams-ana-report-on-transparency.html">reported in Mediapost</a> on October 28<sup>th</sup>.</p>
<p>In this, he said “The entire effort was a biz-dev [business-development] effort. … The ANA allowed themselves to be part of a third-party’s business development.”</p>
<p>He then went on to name the auditors Ebiquity by name. Irwin is not a huge fan of media auditors.</p>
<p>For those with short memories, WPP is engaged in a legal action against Ebiquity’s Firm Decisions for an alleged breach of an NDA involving documents sent in error by GroupM to FD. This may or may not have been on Irwin’s mind.</p>
<p>Irwin wants us to believe that the ANA’s Board of CMO’s (many his clients) was somehow duped by Ebiquity; that Ebiquity then managed to doctor 150 interviews conducted by another organisation altogether (K2), not to mention the interviews conducted by Irwin’s ex-colleague Jon Mandel which started this whole merry-go-round spinning in the first place.</p>
<p>So Ebiquity, according to Irwin managed to persuade the ANA’s Board, K2, Jon Mandel and more than 150 unsuspecting respondents to help their new business effort.</p>
<p>Irwin must have a very high opinion of Ebiquity’s influence, not to mention their organisational abilities.</p>
<p>Irwin concludes his argument by saying that as no scandal has emerged then the whole ANA thing must have been overblown: “How much has surfaced? Have you heard a lot? Has a major scandal surfaced?”</p>
<p>Maybe others prefer to discuss private and confidential matters in private.</p>
<p>The fact is that following the ANA’s work the industry will be the better for having well informed advertisers, partnering with agencies who are fairly paid to behave totally transparently in the advertisers’ best interests.</p>
<p>The external, objective monitoring of performance has never been more relevant than today – whether we’re talking of measuring Facebook or auditing media agencies.</p>
<p>Irwin Gotlieb has been an outstanding media professional for very many years.</p>
<p>But his unshakeable belief that everyone not with him is against him does him no credit.</p>
<p>&nbsp;</p>
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		<title>Agency Misery Levels Rise</title>
		<link>https://www.bjanda.com/blog/agency-misery-levels-rise/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 01 Nov 2016 07:34:28 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=847</guid>

					<description><![CDATA[There are indications that working in advertising agencies/media agencies isn’t as much fun as it used to be. Whilst it’s easy to say that that applies to almost any endeavour, there are reasons for those of us who care at all for the future of the industry to be concerned. ‘Campaign’ in the US reports [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There are indications that working in advertising agencies/media agencies isn’t as much fun as it used to be. Whilst it’s easy to say that that applies to almost any endeavour, there are reasons for those of us who care at all for the future of the industry to be concerned.<span id="more-847"></span></p>
<p><a href="http://www.campaignlive.com/article/ad-industry-morale-drops-36-2015-says-campaign-us-survey/1412627">‘Campaign’</a> in the US reports that their own annual ‘morale survey’ indicates that 47% of agency employees consider their morale to be ‘low’ or ‘dangerously low’. In the same survey in 2015 the equivalent number was 34%.</p>
<p>The ‘dangerously low’ number doubled year on year from 8% to 16%.</p>
<p>The key reason? 73% of 2016 respondents quote ‘company leadership’ as the reason for their low morale.</p>
<p>Amongst the 53% who seem to be pretty happy with life – no-one (or no significant number) quotes ‘company leadership’ as a reason for their positive outlook.</p>
<p>To give some context this is a small scale study (about 300 respondents), plus it’s been conducted in the US only. And around 60% or respondents were from creative as opposed to media agencies.</p>
<p>But anecdotal evidence supports the survey’s overall findings.</p>
<p>‘Campaign’ in the UK on 21<sup>st</sup> October carried a feature on the current trend towards in-house agencies. Gerry Moira, a fixture in our industry for well over 40 years and most recently ex-Chairman at Havas London is quoted as saying: “If I were starting out now, I’d much rather be client-side. It’s the future. Agencies have had their day. They are sweatshops.”</p>
<p>ID Comms’ David Indo and Tom Denford in one of their excellent podcast series <a href="https://www.youtube.com/watch?v=QOOgpnbDF9E">MediaSnack</a> both said they would rather be client side today if they were starting off (both have agency backgrounds).</p>
<p>At a Mediatel event on the future of planning earlier this year, several of the panellists when asked said they wouldn’t advise their children to pursue a career as an agency planner.</p>
<p>As to leadership, ever since agencies went public via holding companies there has been the predicted tension between the requirements of shareholders and the needs of clients. There shouldn’t be, after all both are interested in creating successful businesses, but how you get there is open to debate.</p>
<p>The old (private) agency ownership model was based on a belief that great advertising leads to successful business results for their clients. Happy clients tended to lead to more clients – and thus a successful agency.</p>
<p>Nowadays the rise of the mathmen over the madmen (I suspect Sir Martin might be regretting that quip) means that great advertising has taken a backseat amongst our chattering classes to all the algorithms, the bots, the fraud and the transparency issues.</p>
<p>Writing as a card-carrying member of the National Union of Media Troublemakers and International Egotists (NUMTIE) I do think the industry would face a rosier future if we all got back to worrying about how to produce great ideas as opposed to obsessing about where to put them.</p>
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		<title>Priorities and Choices</title>
		<link>https://www.bjanda.com/blog/priorities-and-choices/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 27 Oct 2016 07:25:23 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=843</guid>

					<description><![CDATA[Disclaimer: Although I will be chairing a session at the asi Conference mentioned here I have no commercial interest in either asi or the event. Last week’s post touched on the importance of accurate, independent audience measurement. The reasons are clear; the joint industry or JIC system, used widely except in the USA (where a [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em><u>Disclaimer: Although I will be chairing a session at the asi Conference mentioned here I have no commercial interest in either asi or the event.</u></em></strong></p>
<p><a href="http://www.bjanda.com/blog/transparency-measurement-and-dogs-with-fluffy-tails/">Last week’s post</a> touched on the importance of accurate, independent audience measurement. The reasons are clear; the joint industry or JIC system, used widely except in the USA (where a collaborative approach comes to much the same thing) may date back years but it has without question benefited the industry as a whole.</p>
<p><span id="more-843"></span>Except when it comes to digital. Here the need for independence and objectivity has been highlighted by what will no doubt become known as L’Affaire Facebook.</p>
<p>The whole argument is put very well <a href="https://www.mediavillage.com/article/stop-counting-wrong-and-learn-to-love-independent-measurement/">here</a> by Richy Glassberg from Medialets, a GroupM business.</p>
<p>Many agencies, not just GroupM have made this point and made it well. Indeed it was a sharp-eyed researcher at Publicis Media that spotted the FB issue in the first place.</p>
<p>But why don’t the agencies get as heated or contribute as much to the debate when it comes to other more significant (in terms of money spent) forms of media – like TV?</p>
<p>Before someone from the IPA jumps all over me I know that there are a handful of hard-working agency executives who contribute to the UK’s joint industry systems, and in particular to BARB.</p>
<p>BARB and its equivalents in other markets take a long time to change. There are good reasons for this, no-one wants to rush into changing something this significant without thinking through the impact first – especially with so much money riding on the results.</p>
<p>If you want to influence the direction that major industry studies (like BARB) take you need to become involved early so that you can help shape the debate.</p>
<p>Each year for the last 25 the conference company asi has put on a major international event for just this purpose.</p>
<p>Every year the leading research companies, broadcasters and trade bodies from all over the world come together to hear of the latest developments in TV and radio research, to discuss them, and to help shape their future direction.</p>
<p><a href="https://www.asiconferences.com/conference-programmes/">This year’s event</a>, in Budapest in early November has attracted more delegates than ever before, no doubt in part a reflection of the changing times.</p>
<p>It’s not all about research technology; this year’s agenda features Peter Field, the IPA’s ad effectiveness guru talking about what can be learned from his evaluation of thousands of case studies (for those unfamiliar with Peter’s work, you can hear an interview with him <a href="https://www.asiconferences.com/asicast-42-tv-online-measuring-advertising-effectiveness/">here</a>).</p>
<p>Each year the organisers try and entice the agency sector to attend. After all, their contribution to the debate should be heard.</p>
<p>This year, out of 300+ delegates two are from agencies, or rather agency as both are from OMG.</p>
<p>In addition there is one agency speaker, Marie Oldham from VCCP Media on the data needs of strategists.</p>
<p>No delegates from GroupM, or Dentsu Aegis, or Publicis, or IPG.</p>
<p>You might wonder why – the organisers certainly do so they’ve called one or two to find out.</p>
<p>There are (they were told) travel bans in place at some agencies.</p>
<p>Of course it may be that the agencies’ researchers have less access to travel budgets than (as one example) their digital counterparts.</p>
<p>Sitting in a room helping to shape the future of audience research by understanding the pros and cons of what others do may not have the glamour of adtech trade shows but it is important. Not contributing seems like an opportunity lost, for both sides.</p>
<p>It’s worth remembering where some agencies’ priorities lie when next you read a headline from someone from some agency castigating industry audience measures.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Transparency, Measurement and Dogs with Fluffy Tails</title>
		<link>https://www.bjanda.com/blog/transparency-measurement-and-dogs-with-fluffy-tails/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 20 Oct 2016 07:51:26 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=841</guid>

					<description><![CDATA[People in media agencies are sometimes guilty of the sort of short-term behaviours they hate in their clients. Look online, or in the trade press and you’ll see a queue pontificating on the latest gadget, the newest tool, or today’s management insight. And then just when you think you’ve grasped what the agency community thinks, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>People in media agencies are sometimes guilty of the sort of short-term behaviours they hate in their clients. Look online, or in the trade press and you’ll see a queue pontificating on the latest gadget, the newest tool, or today’s management insight.</p>
<p><span id="more-841"></span>And then just when you think you’ve grasped what the agency community thinks, or wants from…well, whatever branch of their supply chain, poof! We’re onto the next thing, and last week’s fervent and urgent pleas have been forgotten.</p>
<p>Most of the rest of us just get on with it, plodding steadily onwards, with any luck (if the wind is in the right direction) making progress in our area of expertise.</p>
<p>Two recent examples.</p>
<p>The first prompted by someone quite senior in a large agency who told me the other week that the whole ANA transparency debate is really over. Yesterday’s news. Boring. Move on.</p>
<p>It’s a bit like that episode of ‘The Simpsons’ in which Homer, stumbling towards a rare example of self-awareness spots a dog and is immediately distracted by its fluffy tail.</p>
<p>The thing is, advertisers, and their trade body the ANA are by no means done. They have no intention of easing up. The number of reviews planned is said to be staggering, with almost two-thirds of US advertisers planning some kind of review in 2017, according <a href="http://blog.idcomms.com/its-time-for-a-changing-of-the-guard-at-media-agencies">to ID Comms</a>. No doubt many will turn out to be contract negotiations as opposed to competitive pitches but even so that’s a big number.</p>
<p>The knock-on effect will be major. Everyone knows that it’s the media agency component within the large holding groups that make the largest margins. Force transparency upon those organisations, take away the opportunity for grey income and the holding companies have a huge potential problem which they can only solve by truly demonstrating their worth to their clients.</p>
<p>It might be boring but my friends in the agencies had better not assume that all is well just because the news agenda has moved on. Think that and you’ll be washed away by the transparency tsunami bearing down on you.</p>
<p>From the meta to the detail, and audience measurement.</p>
<p>Last week I was privileged to chair TAM Ireland’s event in Dublin at which they announced their plans to keep up with the latest developments in TV technology when it comes to how they go about measuring audiences.</p>
<p>Measuring audiences is a serious business. Much revenue depends upon the technical detail (not that you would necessarily know that if you’re in the online media world).</p>
<p>Most markets outside of the USA employ the joint industry committee, or JIC principle, which basically means establishing a collaborative framework though a common ownership of the research. This saves a load of time as everyone agrees on what constitutes the currency.</p>
<p>Changing the currency technology is complex and risky. Complex as the media forms themselves evolve far faster than getting any consensual agreement as to how they should be measured. Risky as if audiences appear to fall (remember ultimately this is research, not necessarily truth) then revenue generally falls too.</p>
<p>So JICs move cautiously.</p>
<p>This can drive agencies wild. All too often they’re not too sure what they want but they do know that they want whatever it is integrated across all channels and communication forms and they want it now. Oh, and they have no desire to pay for it.</p>
<p>Unlike the latest fad or the newest technique, the issues of ensuring transparency, and of moving audience measurement along are of lasting significance.</p>
<p>Any minute now someone from some agency will start to have a pop at BARB, or whichever audience measurement business raises its head above the parapet.</p>
<p>The researchers will explain, slowly and carefully what they’re doing and why (and impressive it generally is too if you bother to go and check).</p>
<p>Remember that the next time you’re distracted by a dog with a fluffy tail.</p>
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		<title>Geniuses, Editors, and a Dentsu Aegis Clarification</title>
		<link>https://www.bjanda.com/blog/geniuses-editors-and-a-dentsu-aegis-clarification/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 10 Oct 2016 10:20:31 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=837</guid>

					<description><![CDATA[Anyone who ever glances at Linkedin will know that in amongst the recruitment requests, the company updates, the PR boasts and the occasional useful link are numerous thought pieces telling us all how to do our jobs better. If there’s one thing the online world has given us it’s the wherewithal to share our photos, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Anyone who ever glances at Linkedin will know that in amongst the recruitment requests, the company updates, the PR boasts and the occasional useful link are numerous thought pieces telling us all how to do our jobs better.</p>
<p><span id="more-837"></span>If there’s one thing the online world has given us it’s the wherewithal to share our photos, our thoughts and our opinions with those choosing to follow us. Sadly, at the same time this privilege has it seems also robbed us of any sense of self-awareness, common-sense and humility.</p>
<p>Everything we think, can be shared. If it can be shared, it must be shared.</p>
<p>The problem is that quite often what we think is rubbish. Sometimes it’s ill-informed. Sometimes it’s self-justification. Sometimes it’s best kept to ourselves. And yet we go ahead and put it up there anyway.</p>
<p>It seems that seeing a thought in print imbues that thought with some gravitas, some respectability.</p>
<p>Indeed you could be said to be reading a prime example of this phenomenon.</p>
<p>Here are some wonderful examples from some of those I follow with my off-the-cuff, un-researched comments. I’ve anonymised them.</p>
<ul>
<li>‘It’s not the big fish that eats the little fish; it’s the fast fish that eats the slow fish.’ No it isn’t. Some fast fish are very fast, and very small. Some very big fish are very slow. However fast the small fish are they aren’t going to eat a far bigger fish. Trust me.</li>
<li>‘The blue unicorn effect’. The point the writer was trying to make was that blue unicorns are rare. No they’re not. Unicorns, of any colour are not so much rare as mythical.</li>
<li>‘Your social feed should tell a consistent and authentic story about who you are and what you care about’. No kidding. Did anyone ever really think that being totally inconsistent and inauthentic was ever going to work?</li>
<li>‘Do the best you can until you know better. Then when you know better, do better’. Sometimes LinkedIn resembles an electronic version of those naff motivational posters only ever seen in poster shops and US airlines’ in-flight shopping catalogues.</li>
</ul>
<p>It’s also true that LinkedIn (and similar sites) gives a platform to those wishing to share the bleeding obvious.</p>
<p>Like the post I saw last week suggesting that agencies and clients are better off working collaboratively.</p>
<p>Or the one stating that after months (or even minutes) of thinking about it the author had concluded that the basic principles of commercial communication apply equally to those planning online media forms as to those old gits plugging away planning old-style ‘soon-to-be-dead’ media forms like TV.</p>
<p>All of this is pretty harmless, just as long as those doing the reading set these ‘insights’ into context.</p>
<p>We are an industry far too obsessed with the short-term and the latest gadget, gizmo, post and press release.</p>
<p>Even when we know full well that the facts, and the evidence point in a different, less glamourous direction we still latch on to the latest thing.</p>
<p>I miss editors, I really do!</p>
<p>To which point last week&#8217;s Cog Blog post on Dentsu Aegis wasn’t sufficiently clear on one point.</p>
<p>This post attracted more views than almost any other that’s appeared here. Several people contacted me by email or in person to add some specific colour to the points referencing Aegis’ top management.</p>
<p>So it’s important (at least to me) that we get things right.</p>
<p>The Aegis boss Jerry Buhlmann has referred to the fact that he sold his previous company BBJ to Aegis (<a href="http://www.bjanda.com/blog/trouble-ahead-for-dentsu-aegis/">last week’s post</a> implied the same).</p>
<p>This, it turns out is not strictly correct and I’m grateful to someone intimately involved at the time for pointing this out.</p>
<p>When Buhlmann, Colin Jelfs and Nick Brien set up BBJ they were backed by their previous employers, WCRS (later Aegis) who took 75% of the equity with the owners maintaining 25%.</p>
<p>In due course Aegis, in setting up the Carat network, acquired what was then called TMD, and transferred the 75% to Carat UK.</p>
<p>When Jelfs and Brien left BBJ their shares were duly acquired.</p>
<p>So strictly speaking Jerry Buhlmann never sold BBJ, Aegis already owned it.</p>
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		<title>Trouble Ahead for Dentsu Aegis</title>
		<link>https://www.bjanda.com/blog/trouble-ahead-for-dentsu-aegis/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 29 Sep 2016 07:26:30 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=834</guid>

					<description><![CDATA[Disclaimer: I worked at Aegis for 6 years from 1994 &#8211; 2000.  It has not been a good few weeks, months or even years for Dentsu Aegis Network and its constituent parts. Last week Dentsu in Japan admitted that they have been over-charging a large number of their clients (111 is the current number but [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>Disclaimer: I worked at Aegis for 6 years from 1994 &#8211; 2000.</em></strong></p>
<p><u> </u>It has not been a good few weeks, months or even years for Dentsu Aegis Network and its constituent parts. Last week Dentsu in Japan <a href="http://www.asahi.com/ajw/articles/AJ201609240027.html">admitted</a> that they have been over-charging a large number of their clients (111 is the current number but that could rise), including Toyota for online advertising. This has reportedly been going on for a number of years. Dentsu are admitting guilt since 2012; one of my ex-client contacts suggests it goes back a good 10 years before then.</p>
<p><span id="more-834"></span>This over-charging did not as at first appeared to be the case come to light because Dentsu brought it to their clients’ attention. Rather it seems it was discovered by Toyota, who not unreasonably wondered what the agency was going to do about it.</p>
<p>Everyone knows that Japan is a highly unusual media market, with the huge agencies (Dentsu is the largest by a street) controlling both large chunks of buying, as well as certain aspects of the commercial operations of those from whom they buy.</p>
<p>The large Japanese conglomerates rarely change agency (Toyota’s relationship with Dentsu goes back over 60 years), and the trust between client and agency has always been both personal and absolute.</p>
<p>That may be about to change.</p>
<p>The first step towards peering inside the black-box that is Japanese media agency practices has been taken. A more transparent and less opaque future awaits.</p>
<p>It&#8217;s very hard for any Western agency to establish themselves in Japan. The same goes the other way too – Dentsu’s attempts to break into Europe have not until recently been particularly noteworthy, with what many would describe as the destruction of the iconic UK agency CDP being a particular low point.</p>
<p>The acquisition of Aegis in March 2013 was a turning point. In one fell swoop Dentsu acquired a sizeable, global network and a European (or at any rate UK) management team.</p>
<p>The successful sale of Aegis to Dentsu was led by CEO Jerry Buhlmann, whose business, BBJ had originally been bought by Aegis as a second-string UK agency, now called Vizeum.</p>
<p>Buhlmann duly took charge of the new Dentsu Aegis Network, eventually becoming that rare thing, a Western Executive Officer at Dentsu Inc.</p>
<p>Aegis has had a few unfortunate European mishaps stretching back a number of years, at least one of which may be about to become expensive. Whilst Buhlmann and his team have likely had nothing to do with these latest shenanigans in Japan (the issues there predate the Aegis takeover anyway), the network has not had a smooth time – either internally or in media trading.</p>
<p>One major issue dates back over 8 years. In 2008 a German court case brought by Aegis against the agency’s Head of Central and Eastern Europe and Africa, Aleksander Ruzicka opened after several years of preparation. Jerry Buhlmann testified in court, hardly surprising given that in his view Aegis was the victim in this affair.</p>
<p>The case ended with Ruzicka being sent to prison for allegedly defrauding the agency (not their clients, please note) out of certain rebates from media owners.</p>
<p>However, the German courts subsequently <a href="http://www.horizont.net/agenturen/nachrichten/Ruzicka-Prozess-Freispruch---Urkundenfaelschung-nicht-zweifelsfrei-nachweisbar-132908">reviewed that decision</a> and duly released Ruzicka ahead of time in 2015. This followed a finding in the Civil Court that Aegis had failed to prove any damage caused by Ruzicka to the company, despite their claims to the contrary.</p>
<p>A group of experienced lawyers and investors has taken ownership of the case and is now pursuing Aegis for the fulfilment of existing contracts, settlement agreements and damages said to run into the hundreds of millions of Euros.</p>
<p>Ruzicka himself, meanwhile has emerged as something of a hero in Germany where he enjoys the status of a whistle-blower and has had no problem winning business for his new consultancy advising clients on the appropriateness of their agency contracts, as well as in handling pitches.</p>
<p>Meantime, Aegis in Germany has fallen from its once unchallenged position under Ruzicka on top of the billings league, to mid-table at around number 4.</p>
<p>Furthermore, one set of digital management has <a href="http://www.wuv.de/agenturen/komplettes_fuehrungsteam_verlaesst_isobar_germany">quit en masse</a>; a succession of top managers has come and gone (<a href="http://www.horizont.net/agenturen/nachrichten/Neuer-Rechtsstreit-Ex-CEO-Andreas-Boelte-verklagt-Dentsu-Aegis-Network-133173">in one case</a> bringing a legal case against Aegis); and the agency has had to defend itself against client accusations of alleged improper dealings (which might explain the fall down the rankings).</p>
<p>If every case of a failure to account for rebates had followed the approach Aegis chose to go down in Germany with (don’t let’s forget) an internal charge involving no clients.…well, Europe’s courts would have been busy.</p>
<p>Then there was a case that came before the UK High Court where Aegis was alleged to have <a href="http://www.bloomberg.com/news/articles/2013-07-16/ipsos-sues-aegis-over-misleading-synovate-sale-fraud-probe">over-inflated profits</a> at its research business, Synovate prior to an eventual sale to IPSOS – a matter eventually settled out-of-court. To quote from the IPSOS presentation to their shareholders dated 28<sup>th</sup> April 2016: “In total IPSOS will have received from Aegis repayments, both in cash and asset transfers, an estimated total of £44million. This…testifies to the appropriateness of the actions undertaken since 2012 by IPSOS in order to protect its interests.”</p>
<p>Post the sale to Dentsu, and the further elevation of Buhlmann and team the fun has continued on the media trading front. Last year, in Australia Aegis seemed to <a href="http://www.theaustralian.com.au/business/media/dentsu-aegis-admits-negotiating-value-banks/news-story/ea368e7d87c3ee62a38c040e9c3c7591">own up</a> to the practice of value pots, having <a href="http://www.adnews.com.au/news/dentsu-ceo-claims-it-doesn-t-use-value-banks">previously denied</a> their existence.</p>
<p>Aegis then (along with some others, but excluding, to their credit WPP) reverted to a <a href="https://mumbrella.com.au/dentsu-aegis-ipg-mediabrands-omnicom-publicis-silent-existence-value-banks-australia-372810">policy of silence</a> when questioned on the topic in June this year.</p>
<p>This year, <a href="http://www.campaignlive.co.uk/article/itv-probes-dentsu-tv-trading/1380273?src_site=brandrepublic">‘Campaign’</a> in the UK reported on a trading dispute between Aegis and ITV that industry gossip suggested went far beyond the usual arguments over terms and was even rumoured to have come close to going legal.</p>
<p>Now, you might say that much of this is par for the course in media agency land. Actually it isn&#8217;t. On the staffing front, the major holding companies have enjoyed some management stability at the heads of their media organisations. Naturally people come and go but major disruptions such as endured by Aegis in Germany are rare.</p>
<p>On the trading side, there is a dawning realisation post the findings of the ANA report that clients want and expect change. Quite aside from pitches, contract reviews are rumoured to be underway in a number of cases. Holding companies have started to react: when Mediacom was engulfed in a scandal over audience reporting practices in Australia, GroupM moved fast to identify and remove those responsible.</p>
<p>To Dentsu Aegis though the ANA investigation and subsequent report appears to be of minor significance, as Jerry Buhlmann pointed out in an interview earlier this <a href="http://adexchanger.com/agencies/dentsu-aegis-ceo-jerry-buhlmann-eventually-everything-will-become-programmatic/">month with Adexchanger</a>.</p>
<p>Jerry said: “Most clients are much more sophisticated than they’ve been given credit for. You establish a working relationship with clients in a contract [that] formalises exactly how you operate in a very transparent way. A lot of the issues raised by the ANA are marginal to the business. They’re not a reflection of modern contractual relations. Following that report, we didn’t get any feedback from clients. I’m not sure it’s a particularly big deal in the real market.”</p>
<p>‘Very transparent’? ‘Marginal’? ‘…(not) a particularly big deal in the real market’?</p>
<p>The words sound both hollow and self-serving given the events of the last couple of weeks, and that’s not even to mention the broader questions over corporate behaviours covering the last few years.</p>
<p>Meantime Dentsu Aegis watchers will be interested to see just how ‘marginal’ the agency’s Japanese clients consider recent events to have been.</p>
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		<title>McDonald&#8217;s and Omnicom</title>
		<link>https://www.bjanda.com/blog/mcdonalds-and-omnicom/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 22 Sep 2016 07:42:30 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=829</guid>

					<description><![CDATA[Returning from a short break it seems from reading the various reports on the Omnicom win of McDonald’s in the USA that a recalibration of the agency/client business model has snuck up on us. There is a certain irony in the fact that even though industry commentators have for years been calling for a re-imagining [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Returning from a short break it seems from reading the various reports on the Omnicom win of McDonald’s in the USA that a recalibration of the agency/client business model has snuck up on us.<span id="more-829"></span></p>
<p>There is a certain irony in the fact that even though industry commentators have for years been calling for a re-imagining of the business relationship between agency and client, as soon as someone does something about it the ink is barely dry on the contract before many of these self-same commentators are rubbishing the main planks of the arrangement.</p>
<p>Of course it is true that no-one outside McDonald’s, Omnicom and Flock Associates (the consultancy who worked on putting the deal together) can possibly know the details of the deal.</p>
<p>But naturally that doesn’t stop us smart-alecs pontificating on why this is either a deal that points the way to a sunlit future, or takes us back to the workhouse with agencies failing to turn a fair profit for the brilliant work they do.</p>
<p>For those of you who’ve missed this story due to being either on another planet, or (like me) in Devon the bare facts are that McDonald’s in the US has hired Omnicom in place of Leo Burnett; that Omnicom will set up a dedicated agency shaped to meet McDonald’s needs; and that the agency’s compensation will be based on a mix of fee (to cover basic costs) and performance-related bonus (to cover profit).</p>
<p>The unusual bit comes from the bonus being linked directly not to some advertising metric but very specifically to McDonald’s business results.</p>
<p>The critics say that dedicated single-client agencies ‘don’t work’ (top talent isn’t attracted to this sort of arrangement); and that working for ‘zero profit’ is a backward step and unfair.</p>
<p>Saying the single-client-agency approach doesn’t work is reminiscent of the argument that was always advanced about Procter and Gamble – allegedly no-one talented wanted to work on the business because the work was formulaic (code for ‘they know what works’); and the media negotiations were done in house (code for ‘we can’t get away with deals designed to benefit us’).</p>
<p>Although P&amp;G uses multi-client agencies they have always been a proponent of the agency-within-an-agency approach. They stand as a shining example of a client that has always put their money where their mouth is and who have always seen advertising as a key element in building their business.</p>
<p>Somehow despite ‘no-one talented’ wanting anything to do with their brands, advertising over the years has worked for them.</p>
<p>It was a rubbish argument then; and it&#8217;s a rubbish argument now.</p>
<p>So what might possibly be good about the McDeal? To begin with we all know that the whole industry remains in a state of flux.</p>
<p>I think if I was a client in these fast-changing times I would pick a partner with the size to create a team around my particular needs, and the flexibility to refine it as technology and the market evolves.</p>
<p>As to performance-based profits, this is hardly a new idea although the link to business metrics is rare.</p>
<p>Yes, there is always the counter that the client can ruin what the agency is convinced is a brilliant campaign idea thus in their eyes decimating future sales and destroying the agency’s profit, but surely a partnership is all about agreeing common goals and working through these tactical issues to arrive at a strategically sound place?</p>
<p>Speaking as an outsider with zero access to the facts I think both McDonald’s and Omnicom (and Flock) should be congratulated. I think they’ve seen the future – now we’ll see how it works.</p>
<p>It also seems to me that the key thought behind this win is Omnicom’s preparedness to listen to the prospect’s needs and to build a solution around them.</p>
<p>Which is different from listening with half-an-ear to the prospect and then selling them an off-the-shelf solution, however well wrapped that might be in bespoke packaging.</p>
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		<title>Even Bloggers Need to Keep Quiet Sometimes</title>
		<link>https://www.bjanda.com/blog/even-bloggers-need-to-keep-quiet-sometimes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 06 Sep 2016 17:34:46 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=826</guid>

					<description><![CDATA[No Cog Blog this week as we&#8217;re away on a short break. Back next week.]]></description>
										<content:encoded><![CDATA[<p>No Cog Blog this week as we&#8217;re away on a short break. Back next week.</p>
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		<title>Wondering About Omnicom</title>
		<link>https://www.bjanda.com/blog/wondering-about-omnicom/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 01 Sep 2016 07:44:25 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=823</guid>

					<description><![CDATA[You have to admit it: Omnicom has been on a bit of a run. In fact, not so much a run as a rose-petal-strewn marathon with personal brow-wipers at every check-point along the way. First, the media team pulls Procter and Gamble out of Publicis’ Starcom and into a new bespoke media agency called Hearts [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>You have to admit it: Omnicom has been on a bit of a run.<span id="more-823"></span></p>
<p>In fact, not so much a run as a rose-petal-strewn marathon with personal brow-wipers at every check-point along the way.</p>
<p>First, the media team pulls <a href="http://www.bjanda.com/blog/omg-pg/">Procter and Gamble</a> out of Publicis’ Starcom and into a new bespoke media agency called Hearts and Science, only formed in April of this year.</p>
<p>Then the holding company beats the incumbent WPP to the <a href="http://www.adweek.com/news/advertising-branding/att-consolidates-its-creative-and-media-business-omnicom-172955">giant AT&amp;T</a> business, a win also credited in large part to the new Hearts and Science who take on the media assignment from MEC, and thus join their sister agency BBDO, AT&amp;T’s creative agency of record.</p>
<p>Somewhere along the way, Omnicom’s media agency PHD beat the incumbent WPP’s MediaCom to the <a href="http://adage.com/article/agency-news/phd-wins-volkswagen-group-global-media/304458/">Volkswagen</a> business.</p>
<p>And now <a href="http://adage.com/article/cmo-strategy/mcdonald-s-picks-omnicom-winner-creative-review/305635/">McDonald’s</a> has decided to end a 35 year relationship with Publicis’ Leo Burnett and move the creative piece of the US account into Omnicom, which already handles the media portion (and has done for many years).</p>
<p>What the heck&#8217;s going on, and what is in the US$9bn magic potion Omnicom seems to have acquired?</p>
<p>After all, they’ve managed to take US$4bn out of Publicis and US$5bn out of WPP, neither of whom can be said to be an easy touch. So they must be doing something right.</p>
<p>First off, of course I have no idea. I wasn’t in any of those pitches and even though 3 out of the 4 are old clients of mine the times and their priorities have changed out of all recognition.</p>
<p>But not knowing never stopped any blogger from having an opinion.</p>
<p>There are one or two interesting patterns.</p>
<p>One is a focus on delivering to a need, whatever the structure required to do that. McDonald’s and AT&amp;T have brought creative and media together within the same holding company. The P&amp;G solution was to be found in the formation of a new media agency.</p>
<p>It’s as if the holding company is setting aside the old structures and creating new teams from scratch from within their organisation. Omnicom&#8217;s opcos seem to have evolved a happy knack of being able to work together across disciplines, whatever the internal pressures that may (or may not) be created.</p>
<p>WPP has for many years offered cross-disciplinary (and cross company) teams but at the same time Sir Martin Sorrell has been famous for his ‘fight nicely’ mantra, with the implication that each unit has to scrap with each other to meet financial goals.</p>
<p>Publicis simply seems less practiced at this agile and flexible way of working.</p>
<p>Omnicom, has always seemed, admittedly from afar to be less prescriptive than its rivals in how it runs its operating units. In an era where the options are so numerous it seems sensible to retain the flexibility to bend and stretch into whichever shape is the most appropriate.</p>
<p>Whether I’m right or wrong Omnicom seems to have found a winning formula. Will others learn from their losses? Yes of course they will.</p>
<p>&nbsp;</p>
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		<title>Theory Meets Practice at P&#038;G</title>
		<link>https://www.bjanda.com/blog/theory-meets-practice-at-pg/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 26 Aug 2016 10:12:16 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=821</guid>

					<description><![CDATA[A couple of weeks ago Procter and Gamble made a public admission. Their media planning approach was wrong, they had seen the error of their ways and were going to do something about it. This is both more and less sensational than it might appear. Less, as what Procter actually said was that their use [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A couple of weeks ago Procter and Gamble made a <a href="http://www.wsj.com/articles/p-g-to-scale-back-targeted-facebook-ads-1470760949">public admission</a>. Their media planning approach was wrong, they had seen the error of their ways and were going to do something about it.<span id="more-821"></span></p>
<p>This is both more and less sensational than it might appear.</p>
<p>Less, as what Procter actually said was that their use of Facebook was not working. They had bought into the digital story of precision targeting and had discovered the hard way that for brands like theirs broad reach is generally a good thing.</p>
<p>More, as presumably that principle presumably doesn’t apply only to money spent with FB. Procter, one of if not the smartest marketer out there had it seems been mistaken in believing the precision targeting argument.</p>
<p>‘Search for reach’ was an old Coca-Cola media planning mantra, recognising as it does that once you have a brand of such mass awareness and such broad appeal then reaching as many people as possible as much of the time as possible constitutes a smart strategy.</p>
<p>What is odd about the P&amp;G story is that either Procter or their agencies (or both) seem to have cast aside one of the planks on which the company’s huge success has been built.</p>
<p>P&amp;G has always believed in advertising’s role in building a successful business. Within that the Company maintained several core philosophies, one of which might be summarised as work out what works then do more of it.</p>
<p>Broad reach and continuity were always a core philosophy on how advertising works for them, and I suspect that is still the case.</p>
<p>Anyone who ever spent any time working on the P&amp;G media business (I had 14 of the best professional years doing just that) will tell you that the Company never leaves any stone unturned in the search for an edge.</p>
<p>Tests and experimentation were common place, supported by a keen interest in the theory of how advertising works.</p>
<p>All of which makes this FB story weird as both the theory of successful brand advertising, and the practice as evidenced over and over by Procter point in a similar direction.</p>
<p>In 2010 Professor Byron Sharp wrote a book called ‘How Brands Grow’ in which he concluded (and I summarise drastically) that brands needed to reach as many people as possible as often as possible to succeed.</p>
<p>A useful slideshow summary and critique of Professor Sharp’s findings is <a href="http://www.slideshare.net/zanaida/how-brands-grow-a-summary-of-byron-sharps-book">here</a>.</p>
<p>So Professor Sharp and the Procter experience seem to be in violent agreement.</p>
<p>So why deviate from the core principle when it comes to Facebook?</p>
<p>First, of course Procter buy more media forms than just FB and overall performance matters more than the results from one media channel. But then again, if the broad reach is there, why apparently ignore it?</p>
<p>There is also the nagging question that maybe the issue is less about how to use Facebook, and more whether Facebook, in any shape or form can work at all for brands like P&amp;G’s?</p>
<p>Naturally P&amp;G say they are committed to continuing to use FB. No doubt a deal commitment is behind that decision.</p>
<p>The thought also occurs that just maybe that deal commitment was made by P&amp;G’s ex-media agency. ‘Ex’ being the key part of that descriptor.</p>
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		<title>The T Word</title>
		<link>https://www.bjanda.com/blog/the-t-word/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 Aug 2016 07:28:50 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=818</guid>

					<description><![CDATA[Suddenly the T word is all around us. We are in a crisis of trust; trust has broken down between agency and client; consumers no longer trust advertising (did they ever?); the lack of trust is responsible for the growth in adblockers. And so it goes on. ‘Campaign’ has even made a film about it, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Suddenly the T word is all around us. We are in a crisis of trust; trust has broken down between agency and client; consumers no longer trust advertising (did they ever?); the lack of trust is responsible for the growth in adblockers. And so it goes on.<span id="more-818"></span></p>
<p>‘Campaign’ has even made a film about it, <a href="https://www.youtube.com/watch?v=At3UAk4GdGA,">‘The Trust Crisis’</a> with a suitably serious-sounding American voice-over and the obligatory MadMen clip.</p>
<p>As is so often the case, Sir Martin Sorrell is the only one of the large holding company CEO’s to appear. His contribution is to say he prefers the term ‘relationship issues’ to any suggestion that there is a trust crisis.</p>
<p>There’s also a ‘life-is-so-unfair’ segment in which Stephen Allan CEO of GroupM’s MediaCom bemoans the shortcomings of e-auctions as an element in new business pitches.</p>
<p>Stephen has a point on e-auctions but to dismiss them on the basis that the agency cannot control pricing and that (by implication) some of the bidding agencies were promising prices they couldn’t possibly deliver, doesn’t sit all that comfortably with his agency’s use of value pots.</p>
<p>It’s also strange to hear a media agency CEO complain about being ‘outbid’ on price. Isn’t it the agencies’ historic focus on price above all else that has led to this unfortunate situation?</p>
<p>Certainly client procurement officers have taken this focus to extremes, but (to coin a phrase) the agencies started it.</p>
<p>After all, agency-wide deals pre-date client procurement officers.</p>
<p>What is weird is that everyone taking part in the media agency trust debate seems to be dancing around the key issue.</p>
<p>This is not rebates – important though they are as a lightning rod – but that agencies have taken to recommending media forms on the basis of the advantages delivered to them as opposed to their appropriateness for their clients’ budgets.</p>
<p>For all the holding companies’ bluff and bluster about rebates, and about how unfair life is when procurement officers drive a hard bargain no-one has yet denied that this practice of the buy driving the plan is widespread.</p>
<p>Agencies are well capable of writing great plans. But great plans are based on client needs. They’re not based on justifying a buyer’s commitment to hit his volume target.</p>
<p>Trust breaks down when your professional advisor is suspected of putting his own interests ahead of yours.</p>
<p>‘Relationship issues’ are the result.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Effect Trumps Audiences</title>
		<link>https://www.bjanda.com/blog/effect-trumps-audiences/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Aug 2016 11:07:52 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=813</guid>

					<description><![CDATA[I’m yet to come across an advertiser interested above all else in buying rating points or impressions. Advertisers advertise in order to make more money, it’s as simple and as obvious as that. Of course audience data is an important step along that long road. Quite apart from providing a degree of accountability, not to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’m yet to come across an advertiser interested above all else in buying rating points or impressions. Advertisers advertise in order to make more money, it’s as simple and as obvious as that.<span id="more-813"></span></p>
<p>Of course audience data is an important step along that long road. Quite apart from providing a degree of accountability, not to mention newspaper headlines, the numbers produced help in decisions on where best to spend the money. But in our world this is a means to an end, not the end itself.</p>
<p>Over the years we’ve all learned that more audience, more times tends to equal a greater return but it’s still a proxy for what really counts. And what really counts is understanding what works and then doing more of it.</p>
<p>A million years ago in the UK the then-still-young commercial TV industry invested in a huge panel study called The Television Consumer Audit (TCA). Panel members kept a diary record of what they had bought. They threw any packaging in a special bin; every week the interviewer would reconcile what was in the bin with what was stated in the diary.</p>
<p>Combining this data with commercial audience data provided some basic correlations between money spent by advertisers and money spent by consumers.</p>
<p>The thought behind the TCA was that the TV medium had to justify itself to its advertisers by proving effect.</p>
<p>Advertisers needed to be convinced that the medium worked, so the broadcasters set out to provide the evidence.</p>
<p>Compare and contrast with today’s digital world.</p>
<p>Today it is assumed that advertising on digital platforms works. Why? Because loads of people spend a great deal of time on these vehicles.</p>
<p>But then I spend a lot of time each day eating, and yet to my knowledge no-one has yet suggested advertising on cutlery (no doubt Mary Meeker, the queen of the argument that time-spent-doing-something-equals-money-to-be-spent-advertising-on-it will pick up on this sooner or later).</p>
<p>An analysis of Lumen eye tracking data by <a href="http://adcontrarian.blogspot.co.uk/2016/07/display-ad-horseshit.html">The AdContrarian</a> shows that around 9 out of every 100 impressions bought online are actually viewed by a human being for more than one second.</p>
<p>Factoring in the effect of bots is likely to reduce the Lumen findings by about a third, so we’re down to 6%.</p>
<p>Nothing to do with effect, or even engagement, 6% could be said to have viewed for more than one second.</p>
<p>So if Lumen plus the bot factor are correct (and other similar studies suggest they’re probably not far wrong) 94% of the money spent is to all intents and purposes wasted.</p>
<p>Against this we have work by <a href="http://www.ipa.co.uk/blog/insight/playing-the-long-game-with-selling-creativity-short/12524#.V6hKQDU-hGa">Peter Field</a> on behalf of the IPA (the UK’s version of the 4A’s) that points up the dangers of short-termism (the fuel that drives most digital advertising), and stresses the link between advertising creativity and long-term business success.</p>
<p>Field also points out that TV is still the ‘primary driver of creative success’. Money, he says should follow proven success.</p>
<p>Then there’s <a href="https://effectiveness.newsworks.org.uk/">Newsworks</a>’ various studies that demonstrate that adding newspapers to a campaign using other media forms boosts ROI by 3 times on average.</p>
<p>So digital has a role to play, but maybe not above all things and not alone.</p>
<p>It all begs the question: ‘If agencies are so good at planning, have research teams so well versed in understanding this sort of work, are so skilled at data analytics and are so focussed on delivering results for their clients then how come they’re not using the evidence to argue for more spending in more effective media forms?’</p>
<p>Answers on a very small postcard to the ANA and ISBA please.</p>
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		<title>Learning from Danny Boyle and Tessa Jowell</title>
		<link>https://www.bjanda.com/blog/learning-from-danny-boyle-and-tessa-jowell/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Aug 2016 11:42:29 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=809</guid>

					<description><![CDATA[A couple of weeks ago The Cog Blog commented on the power of specialism, and the danger in kidding ourselves that just because a media agency happens to have someone (or a team) on staff with a creative title then those people are a like-for-like substitute for a creative agency team. This week’s post revisits [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A couple of weeks ago The Cog Blog <a href="http://www.bjanda.com/blog/media-doesnt-equal-creativity/">commented</a> on the power of specialism, and the danger in kidding ourselves that just because a media agency happens to have someone (or a team) on staff with a creative title then those people are a like-for-like substitute for a creative agency team.</p>
<p><span id="more-809"></span>This week’s post revisits this following two comments (which are at the bottom of the above link) from loyal Cog Blog readers Jacques Lehodey and Tom Bowman.</p>
<p>Jacques makes the point that even though creative solutions emerging from media agencies may not be better than those from creative agencies, they do tend to be cheaper: “Clients are willing to believe as the differences are too complicated to explain internally so the cheapest solution wins!”</p>
<p>This hits the nail on the head – far too many clients don’t have the courage, or indeed the wherewithal to explain to their colleagues that Idea A is more likely to work than Idea B.</p>
<p>One option is to fall back on research – thus in effect passing the responsibility for the decision on to someone else. A second option is to reduce everything to cost – anyone can understand that A is cheaper than B.</p>
<p>We are in danger of losing respect for those blessed with advanced creative faculties. Like it or not there are people who are good at making a judgement based on an idea’s potential – be that creative or business-building or (most likely) both.</p>
<p>The BBC recently aired a fascinating behind-the-scenes documentary on the creation of the 2012 London Olympics opening ceremony. Aside from showcasing the huge amount of work that went into the final show, the programme also commented on the role played by politicians.</p>
<p>Those who viewed the ceremony might remember a major segment celebrating the NHS, starring volunteers from the NHS. It seems that our Health Secretary, Jeremy Hunt tried very hard to have this segment downgraded to a simple stroll around the stadium by happy smiling NHS staff.</p>
<p>The Director, Danny Boyle refused. In fact he threatened to pull not only the NHS segment but all volunteers (the whole opening ceremony cast in effect) from the show. Hunt lost the argument, and the world marvelled at Boyle’s production.</p>
<p>Hunt may have been driven by political expediency, but politicians and civil servants of all shapes and sizes were kept away from Boyle and his team by Tessa Jowell, a Labour politician charged with delivering the Olympics.</p>
<p>Jowell was the account woman, keeping the client from interfering with the creative process and with the confidence to back her judgement in the team’s ability to deliver something wonderful.</p>
<p>She allowed the creatives the space to create, in other words.</p>
<p>Back in the day, one agency I worked in, Leo Burnett tried operating a ‘three-strikes-and-you’re-out’ rule. Clients having bought an idea were allowed to make two amendments. On the third occasion the idea was off the table and the whole process started again.</p>
<p>Named individuals were thus held to account for the failure of a bought idea to progress. It was a nice if crude idea which didn’t last long.</p>
<p>There has to be a respect for creative judgement.</p>
<p>Tom Bowman’s comment promoted the Havas Village concept (placing all Havas London agencies from all disciplines in one venue) as the modern equivalent of the old full-service model.</p>
<p>I wish Havas well with this, but it’s not sufficient simply to put everyone in one place (although that certainly helps).</p>
<p>Full-service, integrated thinking, call it what you will but the key ingredient for success is a state of mind, a mutual respect for others’ skills and abilities whatever the discipline.</p>
<p>Land-grabs driven by parochial revenue chasing might be a short-term way of ensuring an internal target is hit, but they do nothing to deliver the most effective solutions to the client.</p>
<p>Cheapest, possibly. Most effective, unlikely.</p>
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		<title>The ANA &#8211; Part Two</title>
		<link>https://www.bjanda.com/blog/the-ana-part-two/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Jul 2016 07:28:29 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=805</guid>

					<description><![CDATA[A few days ago the US advertiser trade body the ANA (Association of National Advertisers) published Part Two of its magnum opus into media transparency and related matters. You can read the summary findings (and download the entire thing) here. To remind those who haven’t been obsessing over this whole topic, this is the bit [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A few days ago the US advertiser trade body the ANA (Association of National Advertisers) published Part Two of its magnum opus into media transparency and related matters. You can read the summary findings (and download the entire thing) <a href="http://www.ana.net/content/show/id/industry-initiative-recommendations-report">here.</a></p>
<p><span id="more-805"></span>To remind those who haven’t been obsessing over this whole topic, this is the bit containing recommendations and advice for advertisers (or as the ANA would have it, ‘Prescriptions, Principles and Processes’). Part One was the investigation proper into what’s been going on (conducted by K2); Part Two has been prepared by Ebiquity, the media auditors and consultants and their Firm Decisions partners.</p>
<p>If Part One laid bare the alleged malpractices of the agencies; Part Two makes it clear that advertisers have allowed these things to happen, and thus it is up to them to take the lead in sorting out how their advertising budgets are spent. Who would have thought it?</p>
<p>It’s a little like a child stealing sweets. Of course the child is to blame but if the shopkeeper had been more aware then maybe the sweets wouldn’t have been stolen, or if they were then the child would have been caught on CCTV and subsequently punished. If only the CCTV had been there, and been turned on.</p>
<p>This laxness on the part of advertisers goes back a long way. The expression ‘It’s only media…’ sums it up. Clients, with a few honourable exceptions haven’t been paying attention for at least the last 40 years to my personal knowledge.</p>
<p>It was less of an issue when the choices were limited (did it really matter all that much if the agency dealt with ITV at the expense of Channel 4; or NBC benefited at the expense of ABC?) These choices were hardly advertiser business critical.</p>
<p>But in the digital age, with huge choice and so many moving parts it matters a great deal.</p>
<p>The agencies of course point out that they’ve been negatively impacted by the behaviours of advertiser procurement officers.</p>
<p>In other words, they stole the sweets because their parents didn’t give them enough pocket money.</p>
<p>Some of us might have proposed either making the positive case for a rise in pocket money to allow them to eat more healthily, or if that didn’t work then simply living within their means.</p>
<p>But it’s exciting stealing sweets, and they taste so good.</p>
<p>Sweets aside, the question is: can advertisers be jolted out of their media apathy?</p>
<p>Ebiquity/Firm Decisions proposes a beefed up Chief Media Officer role, which seems a sensible suggestion. They have also provided a templated contract for advertisers to adapt to fit their own particular requirements, following a similar idea proposed here by the ISBA. Another sensible idea.</p>
<p>Will advertisers take the advice? I suspect many will – after all the ANA work has been high profile enough to warrant attention in the Boardroom.</p>
<p>I also suspect that advertisers’ lawyers will be kept busy reviewing and revising their media agency contracts.</p>
<p>Finally, the CCTV cameras will be going up in the sweet shops.</p>
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		<title>Media Doesn&#8217;t Equal Creativity</title>
		<link>https://www.bjanda.com/blog/media-doesnt-equal-creativity/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 21 Jul 2016 11:39:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=802</guid>

					<description><![CDATA[In case we forget, advertising agencies used to be driven very largely by media availabilities. Buyers would visit well-known Fleet Street pubs, and negotiate space with the leading newspapers of the day. The question was less about what they paid and more about whether they got any of the restricted and rationed space at all. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In case we forget, advertising agencies used to be driven very largely by media availabilities. Buyers would visit well-known Fleet Street pubs, and negotiate space with the leading newspapers of the day. The question was less about what they paid and more about whether they got any of the restricted and rationed space at all.</p>
<p><span id="more-802"></span>Then they worked out what to do with whatever they managed to get.</p>
<p>The creative teams then had to fill the buckets they were given.</p>
<p>Not much has changed really.</p>
<p>Of course between then and now we had the creative era, when creatives ruled the roost and media plans reflected what in effect were creative wishes.</p>
<p>It is no coincidence that the creative era is looked back on as a golden age of ideas, of creativity. Since then, with the rise of the large holding companies and the ginormous media buying agencies almost everyone would agree that creative standards have gone south.</p>
<p>Far too many ads now are poor; more ads back then were outstanding.</p>
<p>I’m a great believer in specialists. Having dabbled myself and been rubbish at it I know I am useless at even judging creative ads, let alone actually creating the things. I like to think I’m creative in my thinking about media solutions, but that’s a different thing as Bob Hoffman, the AdContrarian <a href="http://adcontrarian.blogspot.co.uk/2016/07/revenge-of-philistines.html">has pointed out</a>.</p>
<p>Media agencies persist in adding services. This is largely a self-interest land-grab and has very little to do with their clients’ needs.</p>
<p>Why does anybody think that a creative unit handling, say native solutions inside a media agency is going to be somehow better than a specialist team of writers operating within a creative environment?</p>
<p>Why should an econometrics operation inside or even very close to a media agency be any smarter than the specialist operations who stand or fall by their excellence in marketing science?</p>
<p>It’s ironic that the very operations that were born on the back of an excellence at the specialist task that is media planning and buying should now be adding quantities of people who almost by definition can’t be as good as their counterparts within specialist businesses.</p>
<p>It’s also ironic that the argument used by media agencies against clients’ in house media operations (of whatever type), namely that no-one any good would go and work there rather than in amongst their peers within an agency, apparently doesn’t apply the other way around.</p>
<p>Media agencies have evolved in many admirable ways, as well as via some less-than-admirable operating practices. But their impact on creative output has not been positive; they have managed to convince clients that numbers trump ideas; and clients have bought it hook, line and sinker.</p>
<p>Media agencies’ insistence on grabbing as much work as they can for themselves, even if they’re often not much good at it devalues the advertising industry.</p>
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		<title>The Agency and the Auditor</title>
		<link>https://www.bjanda.com/blog/the-agency-and-the-auditor/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Jul 2016 11:15:51 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=798</guid>

					<description><![CDATA[Imagine you’re running a media agency. You’re great at your job (the trade press and your peers within the industry tell you so); you’ve been doing it for a number of years and have delivered substantial success to your owners. Over time you’ve developed your operation from being a pure-play media planning and buying business [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Imagine you’re running a media agency. You’re great at your job (the trade press and your peers within the industry tell you so); you’ve been doing it for a number of years and have delivered substantial success to your owners.</p>
<p><span id="more-798"></span>Over time you’ve developed your operation from being a pure-play media planning and buying business into all sorts of new and exciting areas. Nowadays you lead a business that has analytics, ‘substantial’ creative capabilities, sponsorship specialists, native experts, multi-skilled traders, and a whole raft of digital superstars.</p>
<p>You’re in great demand as a speaker at events all over the world; the world’s trade media hang on your every word and for good reason. You write excellent and thoughtful articles.</p>
<p>Over the years you’ve been given a pretty free hand to develop your business in whatever way you feel is likely to deliver the greatest return to your owners and/or shareholders.</p>
<p>The detail of how you do this has hardly needed to involve clients. You grew up in an era where most advertisers knew little about ‘media’, and cared less. You rarely had to explain your actions to your customers, beyond reassuring them that you knew what you were talking about, and that the future lay in diverse, high-quality services that they would be crazy not to buy.</p>
<p>In other words your true accountability was very largely internal, rather than to any external customer. Yes, of course you’ve always believed in payment by results but at the same time the small print and the definitions were generally within your control.</p>
<p>There was one fly in your ointment – the media auditor or consultant. But these guys were easily swatted aside, their data and systems could be criticised, their people dismissed as being ill-informed and out-of-touch, any apparently poor results explained and rationalised preferably using as much jargon and confusing language as possible.</p>
<p>Unfortunately, these irritants rather than going away have over time become both more numerous and more significant; as more and more clients decided it was smart to look ever more closely at how you were spending their budgets, and even (the impertinence of it) at how you made your money from their money.</p>
<p>These advisors became ever more annoying. How dare they question your operation, your performance? How could they propose alternative ways of doing things? They knew nothing.</p>
<p>For whatever misguided reason your advertisers continued to hire these people, and to listen to them more and more. The situation became worse when a bunch of large US advertisers decided to gang up and investigate your long-held business practices, and used consultants and auditors to advise them.</p>
<p>Suddenly your world started to collapse in on itself. Your techniques and approaches, designed to maximise your revenues whatever the consequences for your advertisers started to be questioned. Deals done in dark corners started to be exposed to the light of day. The old practice of plans being influenced by deals started to be openly discussed and even ridiculed.</p>
<p>Those advertisers who had largely stood back and accepted whatever you told them started to ask questions. And who was helping them, egging them on even, but those pesky auditors and consultants.</p>
<p>Now you have a problem. You decide that you must fight back, must put your case, must reclaim the high ground by restating your superior knowledge of all things media. But understandably you don’t want to openly criticise your clients.</p>
<p>Your strategy is clear. Attack any trade body daring to question your methods. Blame ‘clients’ in the round for not appreciating you sufficiently to pay you properly. Mention no client by name. Steer clear of any serious public engagement with the issues raised. Digress, move the goalposts, employ diversionary tactics.</p>
<p>That just leaves the blasted auditors and consultants. The very people employed by advertisers to stoke up discontent, to question and to probe.</p>
<p>How to deal with them? How to create a story within which any informed assessments of what you do are discredited?</p>
<p><a href="http://www.campaignlive.co.uk/article/conflicted-media-auditors-fire-sorrell/1401486?src_site=brandrepublic">Easy peasy.</a></p>
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		<title>Newspapers and the Joint Sell</title>
		<link>https://www.bjanda.com/blog/newspapers-and-the-joint-sell/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 07 Jul 2016 07:15:57 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=795</guid>

					<description><![CDATA[Newspapers in the UK have had a good war; sales were reportedly up by about 20% at the height of the Brexit debate which rather gives the lie to those believing there is no role for the printed medium in this digital age. Unfortunately for newspapers, but very fortunately for the rest of us Brexit [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Newspapers in the UK have had a good war; sales <a href="http://www.campaignlive.co.uk/article/newspaper-sales-jump-20-brexit-vote-drama/1400668?src_site=brandrepublic">were reportedly</a> up by about 20% at the height of the Brexit debate which rather gives the lie to those believing there is no role for the printed medium in this digital age. Unfortunately for newspapers, but very fortunately for the rest of us Brexit debates don’t come along all that often.<span id="more-795"></span></p>
<p>Maybe because these events are rare, a number of newspapers are rumoured to be considering the benefits of huddling together for warmth in some sort of joint sales organisation.</p>
<p><a href="http://www.campaignlive.co.uk/article/joint-newspaper-advertising-sales-work/1400595?src_site=brandrepublic">‘Campaign’ reported</a> on this and duly asked respected commentators for their views. Three of those asked said they thought a joint sell was a good idea, one (the wise Colin Gottlieb of OMG) was a ‘maybe’ describing such an idea as ‘timid’.</p>
<p>I’m with Colin.</p>
<p>If newspapers have one (big) thing going for them it’s their diversity and the variety of contexts they offer to advertisers. Bringing everything together and reducing it all to a set of lowest common denominator numbers risks losing the light and shade, quite apart from playing the main newspaper bogeymen, Google and Facebook at their own game.</p>
<p>Don’t let’s forget we’ve sort-of been here before.</p>
<p>In 2013 a joint newspaper initiative called PATS, or Publisher Advertising Transaction System was announced with a fanfare: <a href="http://www.pats.org.uk/">http://www.pats.org.uk/</a></p>
<p>This should have worked – after all what was being proposed was “a ‘technology bridge’ between agency and publisher systems, providing real-time information on all platforms to the parties in an advertising transaction”.</p>
<p>The main supporters were The Guardian, The Mail, The Telegraph, News UK, The Evening Standard &amp; Independent and Trinity Mirror. Many of the large agencies contributed to the system’s design.</p>
<p>It was going to be launched in 2015.</p>
<p>If that happened I missed it.</p>
<p>I have to admit to some cynicism when it comes to publishers collaborating with their closest rivals, even if in a common cause. After all PATS, which seemed like both a good idea and a pretty non-contentious one supported by all hasn’t as far as I know yet appeared.</p>
<p>There are mutterings about the inconclusive start made by Pangeia (The Guardian-backed collective); and La Place (the French collective) has I understand been reduced in scope to a commoditised RTB system from the grand plan of handling all of its member newspapers’ digital transactions.</p>
<p>Then there’s News UK. Unlike the others, News UK has a considerable interest in a highly successful TV operation, and has just bought a radio business TalkSPORT. <a href="http://www.campaignlive.co.uk/article/brooks-sun-takeover-talksport-will-strong-cross-platform-sell-advertisers/1400865?src_site=brandrepublic">Rebekah Brooks</a> no less has referred to a ‘strong cross-platform sell’.</p>
<p>Back in April News UK renamed its commercial arm <a href="http://www.campaignlive.co.uk/article/news-uk-renames-commercial-unit-bridge/1391078?src_site=brandrepublic">‘The Bridge’</a> and talked of data being key to its sell. Sky has a lot of data, and it would indeed be odd if combining data sets had not occurred to both sets of managements.</p>
<p>Without News UK who seem embarked on the promising route of a print, radio, TV collaboration of their own, any newspaper joint sell looks sadly like a coalition of the timid.</p>
<p>&nbsp;</p>
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		<title>From A(NA) to B(rexit); Plus A Rare Cog Blog AdContrarian Podcast</title>
		<link>https://www.bjanda.com/blog/from-ana-to-brexit-plus-a-rare-cog-blog-adcontrarian-podcast/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 01 Jul 2016 16:10:22 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=792</guid>

					<description><![CDATA[This week I was looking forward to posting something uplifting and positive following the depressing litany of the agencies’ alleged misdemeanours as outlined in the ANA transparency report, and then along comes a far more serious threat to the industry’s well-being, as the UK votes to leave the European Union. Regardless of what we may [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This week I was looking forward to posting something uplifting and positive following the depressing litany of the agencies’ alleged misdemeanours as outlined in the ANA transparency report, and then along comes a far more serious threat to the industry’s well-being, as the UK votes to leave the European Union.<span id="more-792"></span></p>
<p>Regardless of what we may think of the political arguments aired during the campaign, the (at best) half-truths quoted by both sides during a highly acrimonious period of political activity, or even the appropriateness of a referendum as a way of deciding upon a complex and nuanced question the facts are as they are and it’s worthwhile considering the implications for our little corner of industry.</p>
<p>Everybody hates uncertainty and for now at least uncertainty is what we’ve got.</p>
<p>I can imagine budgets not being approved, or at any rate delayed as advertisers work through the implications for them of an exit.</p>
<p>This may take some time as no-one seemed to have worked out what to do if the leave side won, so we have a vacuum, and a vacuum is not a good thing.</p>
<p>When there’s uncertainty the usual immediate reaction is to commit to what is seen as essential in the short-term on a ‘needs must’ basis, and to postpone any mid to longer-term activities.</p>
<p>Whatever the industry knows, or thinks it knows about long-term brand building and the link through to profit the reality is that we have collectively and over many years failed to make this message heard and understood in boardrooms.</p>
<p>Consequently expect to see a load of short-term promotional campaigns.</p>
<p>At the same time media choices tend to default towards the tried and trusted. In the last century’s frequent recessions, TV was generally fairly bomb-proof, whereas so-called secondary media forms tended to suffer.</p>
<p>But of course now we have far more choice. Will the principle still be followed? I expect so – clients will stick to what they know works. Safe and sure will be the motto, not try it and see.</p>
<p>Expect longer-lead time media forms, to suffer disproportionately. Clients will want to commit late, if they commit at all.</p>
<p>It will be interesting to see if the tried and trusted (TV) wins over the short-term (digital and online).</p>
<p>The UK referendum vote came out as it did because large numbers of people, who couldn’t be expected to know the exact detail of what it was they were buying bought it anyway.</p>
<p>Clearly they felt that they were buying something transformative, something that would make a positive difference.</p>
<p>Those doing the selling had a lot to gain and made a lot of unsubstantiated promises, which now turn out to be, well, ‘unsubstantiated’ would be the polite way of putting it.</p>
<p>Once those doing the buying find out they’ve been sold something on a falsehood they’re not going to be happy. They will no doubt turn on those who did the selling.</p>
<p>Remind you of anything?</p>
<p>Meantime – the next step will I expect see the pragmatists take over, both on the huge Brexit issue and the more parochial ANA report fall-out. Deals will be done; things will improve; the fog will clear.</p>
<p>As a special treat you can hear two of the lesser-qualified (but vocal for all that) people on both the ANA and Brexit issues, namely myself and the AdContrarian, Bob Hoffman discuss both topics here in an interview courtesy of asi: <a href="https://www.asiconferences.com/asicast-35-ana-report-question-trust/">https://www.asiconferences.com/asicast-35-ana-report-question-trust/</a></p>
<p>We were chatting as part of asi’s podcast series; you can hear others in the series from the attached link too. And if this interview makes you want to come and throw things at me I will be chairing a session at asi’s TV and Radio Conference from November 2<sup>nd</sup> to the 4<sup>th</sup> in beautiful Budapest.</p>
<p>&nbsp;</p>
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		<title>Answering the Question</title>
		<link>https://www.bjanda.com/blog/answering-the-question/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 23 Jun 2016 07:41:44 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=789</guid>

					<description><![CDATA[Politicians of every persuasion have been popping up all over UK screens for weeks. These appearances have highlighted one reason why they are universally unpopular: they never seem to answer the question they’ve been asked, preferring to answer the question they want to answer. This rather glum thought comes to mind reading some of the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">Politicians of every persuasion have been popping up all over UK screens for weeks. These appearances have highlighted one reason why they are universally unpopular: they never seem to answer the question they’ve been asked, preferring to answer the question they want to answer.</span><span id="more-789"></span></p>
<p><span style="color: #000000; font-family: Calibri;">This rather glum thought comes to mind reading some of the press coverage around the ANA report.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Last week’s </span><a href="http://www.bjanda.com/blog/the-ana-report-considered/"><span style="color: #0000ff; font-family: Calibri;">Cog Blog</span></a><span style="color: #000000; font-family: Calibri;"> post pointed to GroupM’s Rob Norman’s comments on the ANA. Rob pointed out that the report had failed to comment on the positive investments made by his company into technical innovation.</span></p>
<p><span style="color: #000000; font-family: Calibri;">This is a perfectly fair point to make, but it’s a bit like saying the ANA report also failed to include a recipe for sponge cake.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">It was not what it was purporting to do.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Rob’s one-man GroupM charm offensive continues </span><a href="http://www.campaignlive.co.uk/article/group-ms-rob-norman-offers-new-rules-engagement-ana-transparency-skirmish/1399749?bulletin=campaign_media_bulletin&amp;utm_medium=EMAIL&amp;utm_campaign=eNews%20Bulletin&amp;utm_source=20160622&amp;utm_content=www_campaignlive_co_uk_article"><span style="color: #0000ff; font-family: Calibri;">this week</span></a><span style="color: #000000; font-family: Calibri;"> (you have to admit he’s very good at it) with his ‘new rules of engagement’ for advertisers. </span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Before getting on to what he had to say, it’s perhaps worth spending a moment on how the press on both sides of the Atlantic have been covering this story. </span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Here in full are the ‘Campaign’ headline and sub-head that went with Rob’s piece.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The headline: “Group M&#8217;s Rob Norman offers new rules of engagement after ANA transparency skirmish”</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Skirmish? ‘An episode of irregular or unpremeditated fighting, especially between small or outlying parts of armies or fleets’. (The New Oxford Dictionary of English).</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">I’m not sure WPP, GroupM or certainly Rob would say they’re either ‘small or outlying’. I’m also not sure about ‘unpremeditated’.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">The sub-head: “After criticising the ANA&#8217;s recent transparency report, Group M&#8217;s Rob Norman outlines new guidelines for media agencies and their clients”.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Rob has been careful not to criticise the ANA report. Indeed he said as much on his Facebook page: “I never actually did criticize the report, simply suggested that the issue was a broader one”.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">The press has been full of this rather aggressive inflammatory language, even the Cog Blog post appeared under a ‘battle’ headline when it was published in the USA.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">This slant is not helpful – the agencies and their clients need to collaborate and find a way through this mess. Clients need to be reassured that the agencies have cleaned up their financial act; agencies need to come up with a way of justifying the value they undoubtedly can bring to their clients’ businesses.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Meantime back at Rob’s guidelines, much of what he says makes sense when it comes to the appointment of a new agency or the reviewing of an existing relationship. Open-ness and transparency are all important, as he says.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Also important (and acknowledged as such) is the role of third party evaluators, or assessors. Which is a bit weird as Xaxis, a GroupM company used to have a ban on external auditors baked into their contracts. Maybe they’ve changed. Or maybe they will.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Rob’s comments may be perfectly sensible and no doubt they’re meant for a world post ANA (a world I bet the holding companies can’t wait to get to), but despite the press headlines they don’t seek to answer the major issues raised by the ANA. Certainly he’s making a constructive proposal but he’s answering a question that hasn’t been asked.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">In any event, something to consider alongside the GroupM view of life are the implications of all these shenanigans on the media agency model. ID Comms’ Tom Denford’s </span><a href="http://www.campaignlive.co.uk/article/its-time-rip-media-agency-model/1398636"><span style="color: #0000ff; font-family: Calibri;">piece</span></a><span style="color: #000000; font-family: Calibri;"> on just that is a good start.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">One of the major and to date unanswered ANA criticisms (that plans are unduly influenced by pre-arranged buys, thus putting an agency’s margin needs ahead of its clients’ business needs) is at the heart of Tom’s suggestions that all sides need to be aware of exactly what model each agency is offering. We shouldn’t mix the ‘trusted advisor’ model with the ‘we don’t care where it comes from as long as it’s cheap’ version (Tom puts this rather better than me).</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">It would be nice to think that the major agencies are actively discussing how they’re going to change things whilst in Cannes.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">But then again it would also be nice if a politician answered a question for once.</span></p>
<p>&nbsp;</p>
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		<title>The ANA Report &#8211; Considered</title>
		<link>https://www.bjanda.com/blog/the-ana-report-considered/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 16 Jun 2016 08:30:20 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=782</guid>

					<description><![CDATA[It’s been about a week since the ANA’s report into transparency hit the best seller lists. Lest we forget (and judging from some of the less temperate comments flying around some seem to have forgotten) the report was titled: ‘An Independent Study of Media Transparency in the U.S. Advertising Industry’. It was not titled ‘Why [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s been about a week since the ANA’s report into transparency hit the best seller lists. Lest we forget (and judging from some of the less temperate comments flying around some seem to have forgotten) the report was titled: ‘An Independent Study of Media Transparency in the U.S. Advertising Industry’. It was not titled ‘Why Advertisers Hate the Holding Companies’, nor ‘We Name the Guilty Parties’.</p>
<p><span id="more-782"></span>The report was about transparency in media placements in the USA. People who it must be assumed knew what they were talking about were interviewed, as is very common anonymously. The findings have been released. Either respondents were uniformly mistaken or there’s something in what they had to say.</p>
<p>The two key players – namely the agencies and the advertisers do not come out of the report too well. The agencies because they’ve been found not to be any too transparent; the clients because they drove fees ever lower and then agreed to contracts that in effect let the agencies do whatever they wanted.</p>
<p>It’s a little strange that the holding companies have expressed so much pained surpise, given that on at least two comparatively recent occasions AdAge has reported on practices subsequently highlighted within the K2 report.</p>
<p>The ANA report is not only about rebates; it also speaks (in 4.4.1) of the difficulties arising when agencies hold equity in supplier companies.</p>
<p><a href="http://adage.com/article/agency-news/laura-desmond-resigns-tremor-video-s-board/244436/">As reported in AdAge</a>, Laura Desmond, then CEO of Publicis company Starcom held a Board position at Tremor Video from January 2012 until resigning her post in September 2013. Her role on Tremor’s Board had been vetted and approved by Publicis.</p>
<p>In 2012 18% of Tremor’s revenues came from Starcom clients, again according to AdAge. 18% seems a big number.</p>
<p>Then there’s rebates dressed up as service agreements, considered by the ANA in 4.2.3.1. This is the practice of ‘selling’ the supplier research, or some other service at a hugely inflated price – in fact so inflated often the buyer never gets to see any report, or indeed any benefit.</p>
<p>In June 2015, <a href="http://adage.com/article/agency-news/havas-contract/298979/">AdAge reported</a> two adtech vendors being ‘offered’ this exact ‘service’ by Havas. One of the ‘buyers’ reported that no service was ever forthcoming from this arrangement, involving a Havas company in Spain.</p>
<p><a href="http://www.bjanda.com/blog/why-xaxis-needs-a-whyaxis/#more-312">The Cog Blog </a>in March 2014 reported on WPP buying the ad network 24/7, and putting it in with their then-trading desk Xaxis, thus putting Xaxis in the position if it chose to do so of buying from itself. Not that anyone would have known as Xaxis then considered it un-necessary to tell clients where it was placing their digital budgets.</p>
<p>Back then (in February 2014) Bill Duggan from the ANA wrote: “Our business has historically been built on trust and relationships. But this transparency crisis is causing trust to break down and ultimately that will affect the relationships marketers have with their agencies and the media”.</p>
<p>The press focus on the ANA report to date has been on rebates. But this is a far more nuanced and complex issue than did ‘A’ take cash from ‘B’.</p>
<p>There’s the whole issue of influencing plans. If an agency has a volume deal with a preferred supplier, the agency’s planners are told to use those suppliers, regardless of what’s best for the client.</p>
<p>This happens, everyone knows it happens, and it’s very tough to spot unless someone talks (as happened when K2 and before them Jon Mandel interviewed those at the heart of the process).</p>
<p>This is a serious issue as it gets right to the heart of undermining trust. If your agency recommends Title A or Website B how can you be sure that they’re doing it because it’s best for you, or because it’s best for them? More significant is if (as is widely believed happens) an agency proposes digital channels on the basis that they make a far higher margin that way regardless of whether or not the channel works for the advertiser.</p>
<p>No holding company has yet come out and said their buys don’t influence their plans.</p>
<p>At least there is one executive from a holding company who has contributed a named piece to the discussion, even if some of it is (by the author’s own admission, at least in the edit on LinkedIn) somewhat self-serving.</p>
<p>GroupM’s Rob Norman <a href="https://www.mediavillage.com/article/rob-norman-the-ana-report-addressing-complexity-is-a-complex-issue/?utm_campaign=nl-daily&amp;utm_medium=email&amp;utm_source=Rob+Norman%3A+The+ANA+Report">published a piece</a> on MediaVillage.com pointing out the investments made by his company in adtech, and data analytics. He also made the valid point that some companies, including GroupM have moved the game forward when it comes to such online topics as viewability and verification.</p>
<p>Suggesting that WPP/GroupM have made these investments for any reason other than because they’re good for WPP/GroupM is somewhat disingenuous, but no less useful for that. It is true that GroupM has pushed further than most to try to understand the complexity of the market, even if one might take the cynical view that they have in part created and have certainly benefited from the complexity.</p>
<p>Rob doesn’t pretend to address the fundamental issue of transparency raised by the ANA, rather he suggests that the balanced view should take account of the efforts WPP and others have put into steering advertisers through a time of great change. He’s right to make the point, even if no-one has suggested otherwise.</p>
<p>Last week <a href="http://www.bjanda.com/blog/the-ana-a-first-stab/">we said here</a> that collaboration and discussion was the way forward, not throwing around <a href="http://mediatel.co.uk/newsline/2016/06/13/ana-report-agencies-spivs-clients-innocents-oh-yeah/">remarks like</a> ‘My CEO wants (ANA CEO) Bob Liodace’s head’ (a charming comment made anonymously (oh the irony) by a holding company executive).</p>
<p>You might take issue with some of Rob Norman’s argument, you might think that he’s deflecting the discussion away from the real issues raised by the ANA’s research but what cannot be criticised is his tone of voice. He is trying to advance the discussion. More holding company media agency managers should follow his lead.</p>
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		<title>The ANA &#8211; A First Stab</title>
		<link>https://www.bjanda.com/blog/the-ana-a-first-stab/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 Jun 2016 07:51:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=780</guid>

					<description><![CDATA[A shorter version of this post appeared on Mediatel’s Newsline on 7th June The first of two ANA reports has landed, containing the results of 150 interviews conducted by the investigators K2 with ‘marketers, media suppliers, ad tech vendors, current and former advertising and media agency professionals, trade association executives, industry consultants, attorneys, barter company [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>A shorter version of this post appeared on Mediatel’s Newsline </em></strong><a href="http://mediatel.co.uk/newsline/2016/06/07/ana-rebates-probe-analysis/"><strong><em>on 7<sup>th</sup> June</em></strong></a></p>
<p>The first of two ANA reports has landed, containing the results of 150 interviews conducted by the investigators K2 with ‘marketers, media suppliers, ad tech vendors, current and former advertising and media agency professionals, trade association executives, industry consultants, attorneys, barter company employees, and post-production professionals’.<span id="more-780"></span></p>
<p>All were conducted anonymously; 5 out of the top 6 holding companies withheld their current executives from interview, although K2 did interview several ex-holding company executives. IPG, long a supporter of total transparency in all things is the one company that did collaborate.</p>
<p>One can only speculate as to why most of the holding companies chose not to allow their staff to participate.</p>
<p>Their stated reason – that the ANA should have conducted a collaborative investigation involving their trade body the 4A’s &#8211; doesn’t make any sense. Why would you conduct an investigation into suspected wrong-doing alongside a body representing those organisations you suspect of the wrong-doing? How could anyone believe the outcome of such an investigation?</p>
<p>No names are included within this report, which has led the agencies, and even <a href="http://adcontrarian.blogspot.co.uk/">the AdContrarian</a> to conclude that the whole industry is being damned, the innocent with the presumed guilty.</p>
<p>K2’s conclusions are not good for the agencies. Rebates and non-transparent practices are found to exist, and to be ‘pervasive’. Not isolated, not occasional lapses, but ‘pervasive’.</p>
<p>As damning is the conclusion that ‘media buyers (sic) were sometimes pressured or incentivized by their agency holding companies to direct client spend to this media, regardless of whether such purchases were in the clients&#8217; best interests’.</p>
<p>In other words planners are told to spend money in certain channels that deliver benefits to the agency even if such channels are not right for the client.</p>
<p>This chimes with what Jon Mandel said last year (his speech too was based on interviews with those in the industry).</p>
<p>Anyone with even a fleeting relationship with agency planners (even bloggers) knows this happens. It’s hard to argue that this behaviour is strictly non-contractual, unless you believe as many do that agencies have a general obligation to serving their clients’ best interests, whether defined within a contract or not.</p>
<p>The WSJ had already leaked some of the findings before the ANA big reveal, a significant point given that the WSJ’s core audience is the CEO’s whose businesses employ agencies, and whose budgets sustain all ad-supported media channels. This is a story that will get attention in the Boardroom.</p>
<p>As the agencies’ mainline of defence looks like it’s going to be that everything they have done is in line with their contracts, those signing those contracts could be in for an uncomfortable few weeks.</p>
<p>Agency contracts may seem designed to confuse and to allow them (the agencies) a pretty free hand. That though is no excuse for waving these things through or for not reviewing them for many years.</p>
<p>Those agencies who have commented to date have accused the ANA of a range of sins. A Publicis statement said: &#8220;The ANA has failed its members, advertisers, agencies and the entire industry by releasing a report that relies on allegations about situations involving unnamed companies and individuals to make broad, unsubstantiated and unverifiable assertions”.</p>
<p>Had Publicis and others collaborated the report might perhaps have been less ‘broad, unsubstantiated and unverifiable’.</p>
<p>The 4A’s (the US agency trade body) said: “The immense shortcomings of the K2 report released today – anonymous, inconclusive, and one-sided – undercut the integrity of its findings”.</p>
<p>That is frankly ridiculous. K2 conducted 150 interviews. No doubt they would have liked to have done more but 5 out of 6 of the top holding companies, the backbone of the 4A’s membership refused to collaborate. And now their trade body is saying the findings, the picture emerging from 150 individual interviews is ‘one-sided’.</p>
<p>It would have taken a remarkable degree of organisation for all 150 interviewees (not to mention those conducted by Mandel last year), that’s real people, who have experience in these matters to have simply invented the practices outlined by K2, especially as some of them were supported by signed documentary evidence.</p>
<p>There is a general suggestion that names and details should be passed to the holding companies – the same holding companies remember who refused their staff the opportunity to take part.</p>
<p>What would they do with these names and details except pursue the people concerned possibly through the courts?</p>
<p>So what is going to happen next?</p>
<p>This has the whiff of a disaster for the large holding companies’ media divisions. The light and shade surrounding the contractual rights and wrongs, along with the many lawyers’ arguments will I fear largely be ignored over the coming weeks. Today’s media after all is all about headlines and moving on.</p>
<p>What will be remembered is that contract or no contract the agencies stand accused of hiding rebates and that it is the size of these rebates, rather than the planned effect of the advertising placed on their clients’ behalves that dictates where large chunks of money are spent.</p>
<p>Maybe the holding companies who’ve been so quick to comment should undertake a quiet, considered investigation within their own organisations as a first step towards identifying and then sorting out any malpractices that might exist.</p>
<p>One consequence seems likely to be a wholesale re-drafting of advertisers’ contracts with their media agencies. That is surely far better done collaboratively rather than in an atmosphere of mud-slinging and abuse.</p>
<p>Given it is the media divisions that contribute the largest margins to their holding companies, the agencies would be better off doing less complaining about one-sided, unsubstantiated findings and more collaborating with their clients to ensure they’re fairly paid for the work they do.</p>
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		<title>A Mess Of Our Own Making</title>
		<link>https://www.bjanda.com/blog/a-mess-of-our-own-making/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 02 Jun 2016 11:18:48 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=773</guid>

					<description><![CDATA[The ad business it is generally accepted is in a hole. A large part of the industry is not trusted by those who pay for it and whose interests it exists to serve. Digital advertising is generally so poor that consumers go out of their way to avoid it. So-called precision targeting starts to get [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The ad business it is generally accepted is in a hole. A large part of the industry is not trusted by those who pay for it and whose interests it exists to serve. Digital advertising is generally so poor that consumers go out of their way to avoid it. So-called precision targeting starts to get close to an invasion of privacy. Fingers are being pointed, mud is being slung. How on earth did we get into this mess?<span id="more-773"></span></p>
<p>Although there are many candidates for blame from client procurement, to trade bodies and even the trade press, much of the mud being slung around seems to be sticking to the media agencies and more specifically the multi-agency holding company traders.</p>
<p>It seems that holding companies’ demands for ever higher margins from the media guys to counter-balance poor performances elsewhere have tempted a few of them to put their own interests ahead of those of their clients.</p>
<p>Agencies have always been in a position to keep rebates from media vendors. In some parts of the world this was understood by clients and even encouraged; in others a blind eye has been turned; in still others it has always been seen as a sin. Now is not the moment to discuss cultural differences in attitude towards payments.</p>
<p>But there is a difference between retrospective rebates based on volumes achieved, and the proactive influencing of media plans, driving planners to use certain channels simply because they offer the agency a greater return. You may argue that both are wrong, but the latter is a lot more business critical.</p>
<p>Some traders have now stopped even bothering to deny this behaviour, preferring to attempt to justify their actions on the grounds that their clients have decided not to pay them properly and thus as long as a final price is achieved no-one really cares how it’s been reached.</p>
<p>The fact is these agencies have not managed to convince their clients of their true worth.</p>
<p>When media was a department, as opposed to a business practitioners’ behaviours were of little interest or concern to anyone. It was all a little arcane.</p>
<p>It is easier to concentrate on the job to be done when first the options available are limited, and secondly when the focus on clients is absolute and unchallengeable.</p>
<p>When ad agencies first started moving from privately owned businesses to being publicly quoted there was quite a heated debate about whether or not the needs of shareholders would one day supplant the requirements of the advertisers the agencies were established to serve.</p>
<p>And so it has come to pass.</p>
<p>The holding company model has brought benefits. New skills and talents have flourished in a globally networked world. Local agencies too have flourished as the ad business has over time moved from a cottage industry to something close to a respected profession.</p>
<p>But with hindsight trouble was brewing. Creative agencies started being challenged on grounds of efficiency. People whose nature was to find creative solutions to client problems found it far harder to put hard numbers against what is in truth a soft skill.</p>
<p>Science and numbers met art and beauty and science and numbers won.</p>
<p>If advertisers didn’t value the activities of their creative advertising partners as highly as their business results suggested they should, then the holding companies needed to find another way to keep their shareholders happy. Easier and quicker to do that than to win the bigger argument.</p>
<p>Media was and to a large extent still is a business not really understood by the majority of those buying it.</p>
<p>And just when a few large advertisers started to get to grips with the whole shebang, along came a media form whose processes were so complicated, and so opaque that few outside the digital magic circle tried to understand, and those that did were easily bamboozled.</p>
<p>Out of confusion comes margin indeed.</p>
<p>For many years media agencies have made substantially higher margins than their siblings within the holding companies. They’ve kept the plane flying.</p>
<p>But now the worm is turning. Advertisers have decided that really they should pay more attention than they traditionally have done to how their millions are being spent. Questions are being asked as to exactly why agencies keep recommending media forms that demonstrably haven’t worked.</p>
<p>Investigations have been started; rumours abound; secrets once never shared are suddenly all over the press.</p>
<p>For their part media owners have built direct client teams dedicated to arguing that they should be judged on the true value they bring to their advertisers’ businesses rather than by the size of the rebate they’re forced into giving.</p>
<p>The broad industry must be hoping for a market correction. For all of those spending their clients’ money to remember whose money they’re spending. Certainly agencies need to be paid fairly, but they need to play fairly in return.</p>
<p>If no correction comes the media agencies will continue to spin their web of obfuscation; whilst clients will continue to feel that something’s up even if they’re not quite sure what it is.</p>
<p>Then one day we’ll turn around and there’ll be no quality journalism, no quality TV, no quality advertising and everything will be controlled by a few digital platforms.</p>
<p>And it will all be someone else’s fault.</p>
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		<title>History and Bunk</title>
		<link>https://www.bjanda.com/blog/history-and-bunk/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 May 2016 06:54:43 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=766</guid>

					<description><![CDATA[One of the most common errors, and we all make it is failing to learn from history. Even if history isn’t quite as much bunk as Henry Ford would have had us believe, each generation decides that they know best and that this time it will be different.  The recent discussion around ‘a return to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">One of the most common errors, and we all make it is failing to learn from history. Even if history isn’t quite as much bunk as Henry Ford would have had us believe, each generation decides that they know best and that this time it will be different.</span><span style="color: #000000; font-family: Calibri;"> </span><span id="more-766"></span></p>
<p><span style="color: #000000; font-family: Calibri;">The recent discussion around ‘a return to full-service’ has prompted these thoughts.</span></p>
<p><span style="color: #000000; font-family: Calibri;">First of all, let’s nail one myth. Full-service agencies were great fun to work in; they were fantastic places to learn about the advertising business; but they weren’t in themselves a cure-all for silo-ed working and an answer to integrated thinking.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The fact is we seem to lurch from one extreme to the other.</span></p>
<p><span style="color: #000000; font-family: Calibri;">In the full-service days media departments were very much ‘below the salt’, not to mention often hidden away in a cold, dank basement lit only by a flickering candle and heated by a single bar electric fire which was turned on for one hour each day (OK I made some of that up).</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Creative departments and suits ruled the roost. Certainly there were many wonderful ads produced, but the fact they are still remembered and sill talked about has something to do with the limited media choices out there, the enormous audiences delivered by each channel and the watercooler effect. </span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Of course it also helped there were huge creative talents around at the time.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Clients didn’t particularly want or even need every element of the full-service available from their agencies – but that was the model on offer at the time.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Media people at the time whinged and moaned and eventually did something about it by setting up on their own.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Now we have media vendors/platforms/traders/snake-oil salesmen in the ascendency whilst it’s the creatives’ turn to whinge and moan.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Both extremes are wrong.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Media was wrongly ignored in the full-service days.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Creativity is being disastrously subsumed by the tide of technology and an obsession with what even the most ardent digital geek is starting to accept are meaningless numbers.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">‘Campaign’ last week carried the news that our largest newspaper publisher, News UK has reorganised its advertising activities around a new business called Pulse Creative. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Pulse Creative is a JV between The &amp; Partnership and WPP and comprises staff from WPP businesses including Mindshare and The &amp; Partnership’s CHI and Partners all working to a single P&amp;L.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Some will (some already have) see(n) this as a return to the old full-service model. </span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">It’s nothing of the sort, rather it’s a modern manifestation of how to bring together different disciplines into a single unit designed around the needs of a significant advertiser.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">It’s interesting and significant that WPP aren’t setting up a shop comprising the same disciplines but drawn only from within the WPP stable of businesses.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">I would be surprised if they didn’t try; but News UK obviously regards CHI and Partners highly. Hence the JV with The &amp; Partnership.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">A victory for putting the client’s needs ahead of any internal considerations; and thus a victory for common sense.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Full-service re-engineered; history brought up-to-date.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span></p>
<p>&nbsp;</p>
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		<title>Holiday Break</title>
		<link>https://www.bjanda.com/blog/holiday-break-2/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 17 May 2016 17:00:35 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=763</guid>

					<description><![CDATA[Hello &#8211; no Cog Blog post this week as I am on holiday. Enjoy the break from being berated by me..]]></description>
										<content:encoded><![CDATA[<p>Hello &#8211; no Cog Blog post this week as I am on holiday. Enjoy the break from being berated by me..</p>
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		<title>Reasons to be Cheerful 1,2,3</title>
		<link>https://www.bjanda.com/blog/reasons-to-be-cheerful-123/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 12 May 2016 07:31:44 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=759</guid>

					<description><![CDATA[One of the reasons why this blog is read as often and as widely as it is comes down to the fact that I am in a position to express my views on anyone and everything. I’m lucky enough to be able to write things that others might very well think but feel unable to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>One of the reasons why this blog is read as often and as widely as it is comes down to the fact that I am in a position to express my views on anyone and everything. I’m lucky enough to be able to write things that others might very well think but feel unable to express, at least not publicly.<span id="more-759"></span></p>
<p>Given that being a tad controversial is so much more fun than simply agreeing with the latest press release it’s easy to finish up being accused of always being negative.</p>
<p>But today we have reasons to be at least a little cheerful.</p>
<p>A couple of weeks GroupM published their <a href="http://bit.ly/1rxdENp">This Year Next Year musings</a> on the digital ad business.</p>
<p>The good thing is that they do tell it like it is. This contrasts with so many in the digital ad business who seem to think that everything in the garden is lovely, and that only complete numbskulls can fail to agree with their vision of a flourishing online and social media ecosystem funded by happy and contended advertisers queuing up to remove money from all those old-fashioned media forms like (shudder) TV.</p>
<p>The GroupM report concludes that: ‘a more profound sense of responsibility and transparency between business partners together with collective vigilance is an essential ingredient of re-engaging consumers with brand communications’.</p>
<p>Responsible. Transparent. Partners. All good words not much in evidence in media agency land these days.</p>
<p>GroupM also states that: ‘The integrity of the digital supply chain encompassing fraud, viewability and meaningful measurement are of existential importance to the digital advertising economy’. And that: ‘Advertising stops working when it is avoided’.</p>
<p>Media agency accepts that there are issues with online advertising. Shock.</p>
<p>Any industry needs cheerleaders who speak up for the industry. The problem is that that inevitably leads to the cheerleader acting as a lightning rod for the industry’s ills.</p>
<p>GroupM is by no means perfect, as has been pointed out many times here. Plus some of the high-minded statements in reports like this one aren’t always consistent with every one of their operating units’ behaviours. But that’s a criticism you can make of almost any organisation speaking out about anything.</p>
<p>GroupM does us all a service by being clear as to their beliefs – even if some of us might feel there is still a gap between beliefs and actions. Only by stating your beliefs can your opcos have something to live up to, after all.</p>
<p>In any event good for them publishing a warts and all review of the digital business.</p>
<p>Sometimes it’s easy to think that the ad business begins and ends with WPP, Publicis, Omnicom, and the other holding groups. Yet there are many excellent independent agencies, staffed by talented people motivated by nothing more complicated than a desire to deliver great work to their clients.</p>
<p>This has been brought home to me by a series of meetings with several of London’s smaller creative agencies.</p>
<p>It’s easy to get jaded by the large holding companies; so finding a reason to trot around some of the smaller shops is an excellent antidote to cynicism and the sense that our world, dominated as it is by financial considerations has forgotten about the power and influence of great creative work.</p>
<p>To which end, one such agency, the brilliantly named Sell! Sell! was kind enough to send me a book called ‘How to Make Better Advertising and Advertising Better’.</p>
<p>Get it, read it. You’ll feel better for it. More importantly you’ll do better as a result of it.</p>
<p>&nbsp;</p>
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		<title>Principal-Based Media Buying – That Was Then, This Is Now</title>
		<link>https://www.bjanda.com/blog/principal-based-media-buying-that-was-then-this-is-now/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 05 May 2016 07:57:26 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=756</guid>

					<description><![CDATA[It was 1993. Carat was the dominant agency in France, with 11 separate agencies in different central Paris locations. In the US (where I lived and worked at the time) the all-powerful full-service agencies’ media heads referred sneeringly to ‘the French disease’: buying media in bulk, packaging the inventory up and reselling it to clients [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">It was 1993. Carat was the dominant agency in France, with 11 separate agencies in different central Paris locations. In the US (where I lived and worked at the time) the all-powerful full-service agencies’ media heads referred sneeringly to ‘the French disease’: buying media in bulk, packaging the inventory up and reselling it to clients without revealing the margin. </span><span id="more-756"></span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Surely such a practice would never spread to the good old US of A?</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">It seemed unlikely. Ad Age </span><a href="http://adage.com/article/news/europe-media-yardstick/89343/"><span style="color: #0000ff; font-family: Calibri;">published an article</span></a><span style="color: #000000; font-family: Calibri;"> the following year, after Carat’s French profits had been decimated by a law (Loi Sapin) amended after lobbying by the large agency groups to introduce transparency in media buying, headlined ‘Europe No Media Yardstick’. The article concluded: “a system can go too far”.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s 2016. Ad Age has (last month) published a </span><a href="http://adage.com/article/media/media-shops-taking-risk-principal-based-buying/303549/"><span style="color: #0000ff; font-family: Calibri;">long and thoughtful article</span></a><span style="color: #000000; font-family: Calibri;"> on ‘Principal-based buying’ quoting some of the companies (albeit in a different guise) who found the Carat method so distasteful 20-odd years ago. Principal-based buying may sound shiny and new, but it’s broking by any other name.</span><span style="color: #000000; font-family: Calibri;"> </span></p>
<p><span style="color: #000000; font-family: Calibri;">The world has of course changed in 23 years. But in this particular case not so much is so different. Carat in France was founded by the Gross brothers, who ran a furniture business. They were keen radio listeners. They noticed how few ads there were outside of the prime drive-time zones.</span></p>
<p><span style="color: #000000; font-family: Calibri;">They went to the leading radio stations, and offered to bulk buy the inventory the stations couldn’t sell. A bit of research and a nifty bit of packaging later and Carat was in the broking game. Other media forms as we all know followed. Incidentally collectors of agency ephemera might like to know that Gilbert Gross was once world poker champion.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Here’s how Ad Age describes today’s version of the old Carat practice: “Principal-based programmatic buying, often referred to as arbitrage, is already common at media agency networks&#8217; digital buying arms and trading desks, such as WPP&#8217;s Xaxis and Omnicom&#8217;s Accuen. It usually requires marketers to agree to pay a bundled price and waive their right to see how much agencies originally paid for inventory and made on fees”.</span></p>
<p><span style="color: #000000; font-family: Calibri;">To be fair there is one key difference: today marketers “usually…waive their right to see how much agencies…paid for inventory”. In the pre-Loi Sapin days there was no waiving of anything, if you were a Carat client you paid whatever they asked you to pay in the sure knowledge you had the best deal going. After all, you had the word of the ex-world poker champion on that score.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The key argument against media broking remains the same as the one used by the large agencies to bring down Carat via a law that initially had nothing to do with advertising or media.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Once as an agency you’ve committed to, or under the principal-based scheme actually bought inventory you have to sell it. If you have to sell it your objectivity goes out of the window.</span></p>
<p><span style="color: #000000; font-family: Calibri;">For some clients this might not matter a jot. As long as it’s cheap, to these clients that’s all that matters. These are the clients who see media as a commodity – and in some lines of business they may very well be right. As long as it’s cheap and (to take one example) drives sufficient direct response, who cares?</span><span style="color: #000000; font-family: Calibri;"> </span></p>
<p><span style="color: #000000; font-family: Calibri;">But for others, those who see media not as a commodity but as a valuable contributor to brand building and long-term success it matters a great deal. </span></p>
<p><span style="color: #000000; font-family: Calibri;">These are the clients the agencies aspire to handle – after all why else have all those strategists and planners?</span></p>
<p><span style="color: #000000; font-family: Calibri;">You can be an objective buyer of a plan or a seller of inventory you have piled-up in the garage but I struggle to see how you can be both.</span></p>
<p><span style="color: #000000; font-family: Calibri;">I fail to see how any single entity can tie a broking or arbitrage model in with objective planning. </span></p>
<p><span style="color: #000000; font-family: Calibri;">I also fail to see how any client can fail to recognise the distinction.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s make-your-mind-up time for clients. Go down the cheap route and ignore any real understanding between media spend and marketing success.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Or pay for the thinking and the planning and buy just what you need to get the job done.</span></p>
<p>&nbsp;</p>
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		<title>What&#8217;s In a Name</title>
		<link>https://www.bjanda.com/blog/whats-in-a-name/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 29 Apr 2016 08:59:42 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=753</guid>

					<description><![CDATA[On the back of their Procter and Gamble win last year, earlier this month Omnicom Media Group announced that it is opening a third media agency to sit alongside OMD and PHD. The new network called Hearts and Science is headed by Scott Hagedorn, who was until recently Annalect’s CEO.  There are a few interesting [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">On the back of their Procter and Gamble win last year, earlier this month Omnicom Media Group </span><a href="http://www.adweek.com/news/advertising-branding/omnicom-media-groups-new-network-will-focus-data-driven-marketing-170698"><span style="color: #0000ff; font-family: Calibri;">announced</span></a><span style="color: #000000; font-family: Calibri;"> that it is opening a third media agency to sit alongside OMD and PHD. The new network called Hearts and Science is headed by Scott Hagedorn, who was until recently Annalect’s CEO.</span><span id="more-753"></span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">There are a few interesting things to say about this.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">First – the name. This must be one of the first media agencies to pick a name that actually means something. I always thought it would at least be honest if one of the volume-obsessed media agencies were to be called VBM (Very Big Media) even if one or two may be able to think of a better word than ‘very’.</span><span style="color: #000000; font-family: Calibri;"> </span></p>
<p><span style="color: #000000; font-family: Calibri;">Tempting though it is to call your new agency after the founders, like PHD, a colour palate (Blue 499) or even after the pub where your plans first saw the light of day (the7stars), there is something to be said for calling your new baby something you want it to aspire to be.</span></p>
<p><span style="color: #000000; font-family: Calibri;">H&amp;S not only means something, it means something meaningful. It suggests that it will be all about mixing the softer, more creative, people bit with the harder, quantitative technology-driven bit.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Furthermore it differentiates itself from what the average punter may perceive as the simply monolithic. The very name GroupM suggests size and a degree of uniformity, and even though Mindshare implies an association with the consequences of what it does, MEC, Maxus and MediaCom are at the end of the day just words beginning with ‘M’.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Then there’s the choice of CEO. Hagedorn comes from the data world, having most recently run OMG’s data division, Annalect. In this Omnicom have followed GroupM which is run in North America by Brian Lesser, the ex-CEO of Xaxis.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Certainly neither Omnicom nor WPP can be accused of not following their own advice. They’ve put an expertise in data at the heart of their media operations – no doubt they wish more of their clients would show the same commitment.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Other holding companies have been busy too. Publicis and Aegis have in their own way decided on a degree of change away from the traditional media-only management past.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Publicis Groupe Media in London </span><a href="http://www.campaignlive.co.uk/article/presenting-publicis-media-surprisingly-british-affair/1392005"><span style="color: #0000ff; font-family: Calibri;">has appointed</span></a><span style="color: #000000; font-family: Calibri;"> a non-media agency person, Amanda Morrissey from WPP’s digital agency AKQA to head the UK operation; whilst Carat </span><a href="http://www.campaignlive.co.uk/article/rick-hirst-joins-carat-ceo/1393052"><span style="color: #0000ff; font-family: Calibri;">has hired</span></a><span style="color: #000000; font-family: Calibri;"> their sister creative agency McGarrybowen’s boss Rick Hirst as their new UK CEO.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Publicis has tried to distance itself from the GroupM mini-holding company model by saying the centre won’t contract with any client, although the notion of a ‘unifying chassis’ on which the individual agencies are built doesn’t sound so different from the tried and tested GroupM formula.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">It used to be said that all holding companies were much of a muchness, and their brands largely interchangeable.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">That looks set to change. </span></p>
<p>&nbsp;</p>
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		<title>Where Have All The Planners Gone?</title>
		<link>https://www.bjanda.com/blog/where-have-all-the-planners-gone/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 22 Apr 2016 07:56:21 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=751</guid>

					<description><![CDATA[One of the questions that struck me at Mediatel’s recent event on planning was just why so many planners have left agencies over the last few years. On the panels we had Liz Workman (ex-Leo Burnett and OMD) and Marie Oldham (ex-Havas) both highly respected practitioners, neither still in agencies; questions from the floor came [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">One of the questions that struck me </span><a href="http://events.mediatel.co.uk/event/2016-04-has-planning-lost-its-mojo"><span style="color: #0000ff; font-family: Calibri;">at Mediatel’s</span></a><span style="color: #000000; font-family: Calibri;"> recent event on planning was just why so many planners have left agencies over the last few years.</span><span id="more-751"></span></p>
<p><span style="color: #000000; font-family: Calibri;">On the panels we had Liz Workman (ex-Leo Burnett and OMD) and Marie Oldham (ex-Havas) both highly respected practitioners, neither still in agencies; questions from the floor came from several ex-agency planners who now work for broadcasters or other media owners.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">To level things up a bit was Dan Hagen, Chief Strategy Officer at Carat who is still very much in post.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">There is little doubt that media agency planners feel under strain. A common refrain is ‘I didn’t sign up for this’.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Planners join media agencies for any number of reasons of course, but certainly a major attraction is being able to work alongside creative people (or creative-thinking people) in order to make a real difference to their clients’ businesses. </span><span style="color: #000000; font-family: Calibri;"> </span></p>
<p><span style="color: #000000; font-family: Calibri;">When Jon Mandel, ex-Grey and Mediacom in the USA made his incendiary speech at the ANA Media Leadership Conference last March reporters naturally picked up on the issue of agency kick-backs and rebates not being returned to clients. This in due course led to the current ANA investigation featuring K2 and Ebiquity’s Firm Decisions.</span></p>
<p><span style="color: #000000; font-family: Calibri;">But what was less well-reported were Jon’s remarks on the effect that this alleged practice has had on plans. </span><a href="http://adage.com/article/agency-news/mediacom-ceo-mandel-skewers-agencies-incentives/297470/"><span style="color: #0000ff; font-family: Calibri;">To quote him</span></a><span style="color: #000000; font-family: Calibri;"> directly: “They recommend or implement media that is off strategy or off target if it works for their financial gain.&#8221;</span></p>
<p><span style="color: #000000; font-family: Calibri;">This is a hard claim to quantify – certainly a lot harder than even the complex task of following any money trail – simply because any attempt to do so needs planners to speak out with real examples. As most would rather like to keep their jobs that’s asking a lot.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s also a grey area. Planning is ultimately about applying judgement to facts and data. Judgement isn’t black and white, right and wrong. One planner might be convinced that a certain course of action is the best available; another may take a different tack. Proving one option ‘right’ and another ‘wrong’ is not possible.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Mandel did interview a number of planners as part of his work for the ANA Media Transparency Task Force, and based parts of his speech on what they had to say but the people concerned were speaking under a guarantee of anonymity. </span></p>
<p><span style="color: #000000; font-family: Calibri;">His conclusions do have the ring of truth.</span></p>
<p><span style="color: #000000; font-family: Calibri;">If you spend any time at all speaking with agency planners, and I’m not here talking about senior executives who have their own agendas, many will quote examples where the trade has dictated the plan and not the other way around.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Many reference the lack of training, the failure of agencies to invest in the most appropriate technology designed to help them (as opposed to their trading counterparts), the lack of exposure to media owners (one agency went so far as to ban their planners from meeting media vendors on the basis that they didn’t have time for such perceived fripperies), and so on. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Add all of these things together and you start to understand why there is a suggestion that planning has in the question posed at the Mediatel event ‘lost its mojo’.</span></p>
<p><span style="color: #000000; font-family: Calibri;">As the ANA investigation grinds its way to a conclusion it leaves in its wake a client community who to a worryingly large extent don’t trust their media agencies.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The way to regain that faith is for agencies to focus on a planning-led approach, putting the client first and having the trades follow the plans.</span></p>
<p><span style="color: #000000; font-family: Calibri;">I do think this can happen, and I think there are already signs that it will. We’ll see if I’m right.</span></p>
<p>&nbsp;</p>
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		<title>Let&#8217;s Hear It For The Planner</title>
		<link>https://www.bjanda.com/blog/lets-hear-it-for-the-planner/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Apr 2016 07:49:59 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=748</guid>

					<description><![CDATA[A version of this post appeared on Mediatel’s Newsline on April 5th Pity the poor communications planner, buffeted this way and that by the latest fads and the hottest trends, by variable research and more and more data, by clients who it seems want more and more for less and less, and by traders who [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>A version of this post appeared on Mediatel’s Newsline on April 5th</em></strong></p>
<p>Pity the poor communications planner, buffeted this way and that by the latest fads and the hottest trends, by variable research and more and more data, by clients who it seems want more and more for less and less, and by traders who ignore their beautifully crafted plans to buy whatever they fancy from anyone prepared to give them a deal.</p>
<p><span id="more-748"></span>Who on earth would want to do it? Well, me for a start – if I ever enjoyed any sort of reputation in agencies it was as a planner. I thought it was the best job in the agency, and I still do. Here’s why.</p>
<p>You get to involve yourself in, to understand and (let’s be honest) to interfere in the client’s business. If you’re good you’ll make a difference.</p>
<p>You can get as close as you choose to the creatives, certainly close enough to influence the output.</p>
<p>You’re encouraged to understand consumers, to watch how they behave, and see how those behaviours interact with the vast array of available communication channels.</p>
<p>You learn what works, what doesn’t, and you get to apply that learning the next time around.</p>
<p>If you talk to clients it’s generally the planner that gets the plaudits; the brickbats, if there are any are these days reserved for the traders, and the digital specialists far too many of whom are simply too distant from the business of making their advertisers successful.</p>
<p>Earlier this month Josh Chasin, Chief Research Officer of Comscore <a href="http://www.mediapost.com/publications/article/272585/advertising-works-and-how.html">wrote this</a> in the US trade title Mediapost:</p>
<p>“Ultimately, we are still in the advertising business, where success derives from putting messages in front of people that influence and compel them to buy stuff. As savvy as we get about the math and the zeroes and ones, it is important we don’t lose sight of the human, holistic side of the equation.”</p>
<p>That success comes from great planning.</p>
<p>Mediatel held <a href="http://events.mediatel.co.uk/event/2016-04-has-planning-lost-its-mojo">an event </a>this week to ask: has planning lost its mojo? It’s not a stupid question – there are many reasons to suggest that today it’s all about the algorithms, the automation, the trades.</p>
<p>But all of these things are tactics, a means to an end. Sure they’re important and relevant but never forget that 50% off the wrong thing doesn’t automatically make it the right thing.</p>
<p>Planning is all about pulling together multiple strands into a coherent strategy, and then seeing that strategy translate into something effective.</p>
<p>Planners are curious; they like nothing more than asking around, reading points of view, being challenged, finding new inspiration from wherever their curiosity takes them.</p>
<p>Planners understand that ads come from somewhere, that they are <a href="https://davedye.com/2016/03/30/encounters-with-monkey/">crafted</a> and that ensuring they are seen by and acted on by those at whom they’re aimed is in itself a craft.</p>
<p>Do we really think we can automate everything, to let machines decide what goes where and when?</p>
<p>Do we really believe that we would be in the mess we’re in with adblockers if every ad was crafted even a little like the <a href="https://davedye.com/2016/03/30/encounters-with-monkey/">PG Tips</a> example?</p>
<p>Planners are the media agencies’ salvation. You can automate all but the most senior and best traders out of a job, you can use data to guide and fine tune what we say and to whom, all of that is fine but there’s a very big difference between ‘guiding and fine tuning’ and creating.</p>
<p>Really good planners create. All power, and all mojo to them say I.</p>
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		<title>The New Shape of Agencies</title>
		<link>https://www.bjanda.com/blog/the-new-shape-of-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 07 Apr 2016 10:52:25 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=745</guid>

					<description><![CDATA[It’s become common-place to criticise agencies for not changing their business model, as if this was the sort of thing anyone could do between breakfast and lunchtime. Life is further complicated by the fact that agencies are fundamentally service businesses – which means that they are or should be structured to meet their clients’ diverse [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s become common-place to criticise agencies for not changing their business model, as if this was the sort of thing anyone could do between breakfast and lunchtime.</p>
<p><span id="more-745"></span>Life is further complicated by the fact that agencies are fundamentally service businesses – which means that they are or should be structured to meet their clients’ diverse and evolving current and future needs.</p>
<p>Last month the US agencies’ trade body, the 4A’s held its Transformation Conference, at which both Maurice Levy from Publicis, and Wendy Clark from Omnicom’s DDB were amongst the speakers. Clark is an agency leader who has changed ‘sides’, her previous role being at The Coca-Cola Company.</p>
<p>Also last month we heard from WPP’s Sir Martin Sorrell at The Guardian’s Changing Media Summit.</p>
<p>There are some common and interesting themes emerging as the agency holding groups do indeed react to these changing times.</p>
<p>First, it seems that Omnicom and Publicis are (separately) on the move. The aborted merger between the two of them must have had a dramatic effect on the two organisations’ speed of evolution; after all it was only two years ago (almost to the day) that rumours started to appear that maybe this merger might not take place.</p>
<p>Two years isn’t long to regroup and regain any lost momentum.</p>
<p>The AdAge <a href="http://www.adweek.com/news/advertising-branding/agencies-address-how-they-re-restructuring-fight-breaking-business-model-170349">report</a> on the 4A’s event has Publicis’ Maurice Levy making the point that: “the company will no longer be called a holding company, but a &#8220;connecting company,&#8221; because the holding company model is dead and gone”.</p>
<p>You can probably hear the hollow laughter from WPP, who have for many years created client teams drawn from their appropriate operating units, with varying degrees of success, but there does seem to be a subtle difference.</p>
<p>The WPP model seems to me to be primarily about upselling WPP’s range of services to existing clients.</p>
<p>The Publicis phrase, ‘connecting company’ sounds a bit more about collaborating to meet client needs, even if some of the collaborations are with non-Publicis companies.</p>
<p>Wendy Clark, discussing her agency’s new DDB Flex approach talked of “embed(ding) media partners and marketing partners in the process and most importantly.. embed(ding) clients up front and early.. placing high priority on collaboration with clients and other partners”.</p>
<p>There were two other interesting references. Both Levy (“creativity will remain indispensable”) and Clark (“putting your agenda ahead of your client&#8217;s agenda will never work”) seemed to be putting some clear blue water between themselves and WPP.</p>
<p>Sir Martin Sorrell has never made any secret of his preference for numbers in every shape and form over advertising creativity (yes, I know numbers can be creative too..). The financial strength of his GroupM network is crucial to the overall well-being of the holding company, and there can be no question that a part of that financial strength comes from delivering to a single-minded vision of the Group’s own agenda, almost regardless of clients.</p>
<p>After all, Sir Martin is greatly and rightly admired by his peers in client companies. Being in any way driven by his clients’ agendas can’t come easy.</p>
<p>It wasn’t really too much of a surprise when he announced that WPP was “not in the advertising business any more”, although perhaps the insertion of the word ‘only’ might have been appropriate.</p>
<p>One commentator <a href="http://asabailey.com/martin-sorrell-quits-the-advertising-business/">Asa Bailey</a> put it well: “The medical industry has not abandoned medicine and suddenly started rebranding doctors as computer programmers even though, like in advertising, increasingly doctors also rely on and use data and software to invent new ways to treat people”.</p>
<p>Collaboration and creativity aided by technology versus control and technology as an end in itself seems to be about the sum of it.</p>
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		<title>Whither Trading Desks?</title>
		<link>https://www.bjanda.com/blog/whither-trading-desks/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 31 Mar 2016 11:09:34 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=742</guid>

					<description><![CDATA[It may just be my imagination but we haven’t been hearing quite so much from our old friends the agency trading desks lately. It wasn’t so long ago that the trades were full of pronouncements on why it was perfectly acceptable not to tell clients where and how their online budgets were being spent, and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It may just be my imagination but we haven’t been hearing quite so much from our old friends the agency trading desks lately.</p>
<p><span id="more-742"></span>It wasn’t so long ago that the trades were full of pronouncements on why it was perfectly acceptable not to tell clients where and how their online budgets were being spent, and how those poor deluded clients who had decided to do something about the situation by (in some cases) bringing the task in-house would soon come to see the error of their ways.</p>
<p>The Cog Blog naturally waded into the debate,<a href="http://www.bjanda.com/blog/why-xaxis-needs-a-whyaxis/"> two years ago </a>almost to the day. Unlike some we saw a future for the likes of Xaxis and Vivaki, just not in the direction that they had set off on.</p>
<p>Fundamentally agencies are service businesses, dedicated to doing a wonderful job for their clients. It never made any sense to remove the responsibility for the delivery of digital campaigns from the mainstream agencies and hand it over to a separate unit.</p>
<p>GroupM made the point very clearly that the client relationship, and responsibility for all deliveries sits within the likes of Mindshare and MEC. To quote Rob Norman <a href="http://adage.com/article/agency-news/wpp-s-groupm-offer-flexible-programmatic-alternative/294522/">in AdAge</a> in August 2014: “Agencies need to retain their place in the value chain as new channels emerge. If we don&#8217;t do that, there&#8217;s the temptation for clients to take more of those [buys] in-house, as they don&#8217;t believe the agency is organizing itself with the right people, tools and engagement models.&#8221;</p>
<p>Vivaki <a href="http://www.bjanda.com/blog/vivaki-scores/">closed their trading desk</a> as a separate entity and incorporated its work within Starcom and Zenith.</p>
<p>Xaxis <a href="http://uk.businessinsider.com/xaxis-ceo-brian-lesser-interview-2015-7">famously said</a> that they weren’t a trading desk anyway – although the guffaws from those in the audience at one event when this point was made rather suggested that in practice the finer points of semantic difference hadn’t been fully grasped by everyone.</p>
<p>There are rumours that there have been discussions within OMG around some form of integration of online trading within the Group’s media agencies, although one imagines that that organisation’s priorities these days are at least in part Procter-shaped.</p>
<p>The problem is that changing the engine at 30,000 feet is not an easy thing to do. Trading desks bring in revenue and are highly profitable – two plus points for the holding companies that own them.</p>
<p>Plus these organisations’ pared down function – using algorithms to buy online audiences cheaper and with less waste &#8211; sits well as a narrative with financial analysts, even if the detail of quite how they do that goes down less well with many of those whose money they’re spending.</p>
<p>My suspicion is that most will pivot into being the media mini- holding companies’ technological centre of excellence, serving all group agencies. For example I would have thought that Xaxis’ skills could be valuable to Kantar – or indeed vice-versa. As programmatic techniques become smarter their data skills could help inform strategic planners at creative agencies. And so on.</p>
<p>Furthermore, as programmatic techniques do away with large parts of the executional end of the buying function, the ex-trading desks can help fuel plans in much the same way that research and insight departments do today.</p>
<p>It only goes to show – if you want to know what’s going to happen, read The Cog Blog!</p>
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		<title>What Where Who</title>
		<link>https://www.bjanda.com/blog/what-where-who/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Mar 2016 07:52:08 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=738</guid>

					<description><![CDATA[The media business really doesn’t do considered moderation. “Twitter is the marketing tool of the future.” “Twitter is finished.” “Social media marketing is the answer to all of mankind’s problems.” “Social media couldn’t sell an iceberg to a polar bear.” “TV is dead”. “TV revenues continue to grow.”  And so on. It sometimes seems we [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">The media business really doesn’t do considered moderation. “Twitter is the marketing tool of the future.” “Twitter is finished.” “Social media marketing is the answer to all of mankind’s problems.” “Social media couldn’t sell an iceberg to a polar bear.” “TV is dead”. “TV revenues continue to grow.”</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">And so on.</span><span id="more-738"></span></p>
<p><span style="color: #000000; font-family: Calibri;">It sometimes seems we swing from an over-inflated enthusiasm for something, to a sense of being underwhelmed almost weekly.</span></p>
<p><span style="color: #000000; font-family: Calibri;">So it is on a broader basis too.</span></p>
<p><span style="color: #000000; font-family: Calibri;">In the days when dinosaurs roamed the earth (otherwise known as the full-service agency era) creative work was king. Never mind that we could only afford the odd spot on network TV; never mind that we knew from past experience that campaigns below a minimum threshold didn’t work; off we went anyway and placed our 60-or-30 second masterpieces.</span></p>
<p><span style="color: #000000; font-family: Calibri;">‘The work’ was what mattered. We decided the ‘what’ (as in what we said) way ahead of the ‘where’ (or where we said it). As Bob Hoffman, <a href="http://adcontrarian.blogspot.co.uk/">The Adcontrarian </a>has it on his site: &#8220;Creative people make the ads. Everyone else makes the arrangements.&#8221; </span></p>
<p><span style="color: #000000; font-family: Calibri;">How the pendulum has swung. Now it’s the media numbers that exercise the industry; the impressions, the reach, the page views, the clicks. Now it’s the ‘who’, the ‘where’ and only then the ‘what’.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Salesmen rule, selling today’s equivalent of snake oil to a market that is both confused and ill-informed.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Confused because when it was a question of creativity driving everything at least everyone could have an opinion over what was or was not creative. You knew w</span><span style="color: #000000; font-family: Calibri;">here you were. Now it seems we can’t even agree what ‘viewed’ means.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The trouble with numbers is they have an air of authority, of broaching no argument. ‘A’ is bigger than ‘B’, what could be simpler than that?</span></p>
<p><span style="color: #000000; font-family: Calibri;">That’s where the ill-informed bit comes in, because often ‘A’ may appear bigger than ‘B’ but in reality is a lot smaller.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It is damaging to the health of the ad business to believe that everything we do has to be measured by short-term effect – however defined. It’s easy to talk about uplifts in clicks, or likes or retweets as if any of those things actually connected to something real like cash, or profit.</span></p>
<p><span style="color: #000000; font-family: Calibri;">But the fact is that advertising can best add value to a business – real value measured by things like sales or profit or share price – when used in a combination of long-term brand building activities and short-term activation techniques. Read the evidence. Listen to Binet and Field.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">It is foolish to see the business as engaged in some sort of battle between the brand builders and the activators (or to put it another way between TV and online).</span></p>
<p><span style="color: #000000; font-family: Calibri;">It is equally foolish to see the business as a competition between the creatives and the media specialists (in whatever form). Sir Martin Sorrell’s comments about the medium being more important than the message, and his thoughts on how the madmen have been replaced by the mathmen (a line you can bet wasn’t written by an algorithm) only compound this foolishness.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Now more than ever we need delivery mechanisms and creative excellence working hand in glove.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">What we actually need is a new model that brings together the different disciplines in some way that allows them to work seamlessly together in harmony for the ultimate benefit of the client.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span><span style="color: #000000; font-family: Calibri;">Now, who can think of a name for such a forward-thinking, client-facing, fully integrated offering?</span></p>
<p>&nbsp;</p>
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		<title>Fixing Adblocking</title>
		<link>https://www.bjanda.com/blog/fixing-adblocking/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Mar 2016 08:35:01 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=735</guid>

					<description><![CDATA[The adblocking issue doesn’t look like it’s going away anytime soon. You can always tell when a subject is discussed at numerous conferences that it’s becoming a part of the furniture. Talking about it is so much easier than fixing it. Adblocking is not really a technology matter, even though even the most ardent fans [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The adblocking issue doesn’t look like it’s going away anytime soon. You can always tell when a subject is discussed at numerous conferences that it’s becoming a part of the furniture. Talking about it is so much easier than fixing it.</p>
<p><span id="more-735"></span>Adblocking is not really a technology matter, even though even the most ardent fans of automated everything would accept that slavishly following a path along which algorithms decide everything connected with ad placements has had a great deal to do with us being where we are today.</p>
<p>At its heart though adblocking is a human issue, in that consumers are actively doing something to stop being bugged by ads. Bots are believed not to be too bothered by the quality of the ads.</p>
<p>It should be addressed (indeed in many cases it is being addressed) by those carrying the ads that consumers find so irritating. Certainly that’s a better alternative than the imposition of any sort of legislative solution.</p>
<p>Media owners have always operated a form of ad control. You cannot after all run anything the Editor finds unacceptable within his print title.</p>
<p>Transport for London (TfL) stops ads featuring any image they deem to be offensive from appearing on buses and underground stations/trains.</p>
<p>TV has a whole regulatory system to weed out ads that are likely to offend.</p>
<p>Adblockers are having the impact they are not because everyone hates all ads, but because enough people find the worst kind of ads intrusive and irrelevant. These ads add no value; in fact they do the opposite by stopping you doing what you came online to do.</p>
<p>Plus in the case of mobile they use up large chunks of data plans and drain batteries.</p>
<p>On the basis that the best way to eat an elephant is one small bite at a time it might be worthwhile starting the search for a solution with mobile.</p>
<p>Maybe the mobile operators could take the lead by creating a set of advertising guidelines that over time become regulations enforced by a voluntary code? Anyone wishing to use the operators’ distribution mechanism has to take responsibility for ads appearing within their particular vehicles (as they do at the moment). But that responsibility is extended to ensure the worst excesses of online advertising are driven out.</p>
<p>The operators could work with the content provider to insist that all campaigns are subject to a weight restriction. I appreciate there are many factors involved here but size has a lot to do with how long the messages take to load.</p>
<p>If the ad is too heavy it doesn’t run – in the same way that a retailer can and does refuse to carry a particular title if the cover is deemed offensive.</p>
<p>Then insist that any ad appearing on the mobile channel has to provide the consumer an easy-to-access method of lodging a complaint, or to stop receiving any further messages from the advertiser.</p>
<p>I don’t see why this so different as a principle from a regulator laying down that ads for financial services brands have to include certain points of clarification within the copy to protect the unsuspecting consumer from some of the wilder excesses that used to exist.</p>
<p>I am aware this is not as simple as I’m making it sound, but if a set of voluntary regulations were put in place and were enforced we might: a) stop upsetting consumers and driving them to blanket adblocking; b) improve the look, feel and efficiency of the medium as a whole by driving out a host of nasty, ineffective and intrusive campaigns; and c) keep any more stringent and less voluntary regulation being imposed upon the industry as a result of consumer protest.</p>
<p>This is going to cost the online media industry money. Maybe there is a case for a small advertiser levy to pay for the policing of the medium (the ASBOF levy that has for many years funded self-regulation works perfectly well).</p>
<p>But however it’s funded it is a far better option than an alternative within which ads are blocked by more and more disgruntled consumers.</p>
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		<title>Agencies Need Their Strategists</title>
		<link>https://www.bjanda.com/blog/agencies-need-their-strategists/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Mar 2016 08:38:01 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=728</guid>

					<description><![CDATA[I receive all sorts of junk mail. In amongst the ones congratulating me on being voted an International Woman of Distinction, and the un-turn-down-able offers to train to be a certified nurse are those selling me various ‘sophisticated’ email marketing services. Just the thing for my business you would have thought, although the authors do [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">I receive all sorts of junk mail. In amongst the ones congratulating me on being voted an International Woman of Distinction, and the un-turn-down-able offers to train to be a certified nurse are those selling me various ‘sophisticated’ email marketing services. Just the thing for my business you would have thought, although the authors do rather let themselves down by addressing me by the wrong name, and assuming BJ&amp;A sells manufacturing equipment.</span><span id="more-728"></span></p>
<p><span style="color: #000000; font-family: Calibri;">Physician heal thyself, as an agency trader would no doubt have said, albeit in algorithmic form.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Some of my agency (and ex-agency) friends could perhaps take on board the advice they give to others.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Now, before the phone starts ringing let me say that there are more than a few commentators out there who are excellent. I always read and appreciate Rob Norman’s stuff (even if I don’t always understand it), Simon Andrews’ Mobile Fix is great and I think the ID Comms video posts are entertaining and insightful.</span></p>
<p><span style="color: #000000; font-family: Calibri;">But set against these there is a lot of stuff from agency folk telling advertisers what they should do, how they should market, how they’re missing opportunities by sticking to tedious things like TV when there are so many more exciting digital things out there. How they’re getting everything wrong. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Maybe these knowledgeable folk should be using their huge brains to solve the industry’s and their agencies’ issues? Maybe they’re doing so already, but I rather doubt it.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Let’s take stock. We are living through a time when advertisers’ trust in and respect for their media agencies has never been lower.</span></p>
<p><span style="color: #000000; font-family: Calibri;">A time when the advertisers’ trade body in the largest ad market in the world, prompted by their members’ legitimate concerns around deal transparency has seen fit to hire two consultants to investigate how media agencies spend their clients’ budgets. </span></p>
<p><span style="color: #000000; font-family: Calibri;">When ad fraud is costing advertisers huge amounts of money.</span></p>
<p><span style="color: #000000; font-family: Calibri;">When adblockers are used by (pick your number) between 25% and 50% of consumers as a way of indicating their dislike of many digital campaigns.</span></p>
<p><span style="color: #000000; font-family: Calibri;">When the technology tax, the cost of all those specialists jamming up the highway between advertiser and publisher, is siphoning such a huge amount of money out of the system that already cash-strapped publishers are facing enormous difficulties.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Media agencies contain some very smart people. Many spend their days planning the best possible campaigns for their clients, measuring the results and doing even better the next time.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Others are expert at data analytics and all the technology available to help their clients make the best use of all those numbers.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Still others are geniuses at finding ways of making money, sometimes over and above the business needs of their advertisers.</span></p>
<p><span style="color: #000000; font-family: Calibri;">As one head of trading said to a planner of my acquaintance (and I paraphrase): ‘You may win the business by talking about how clever you are, but don’t forget it’s me that makes the money that pays your wages’.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Agency planners and strategists can and do bring value and benefits to their clients, but they seem unable (by their own admission) to justify being properly paid for them.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Those that use social media to point out the shortcomings of others could have a go at addressing some pretty serious internal issues.</span></p>
<p><span style="color: #000000; font-family: Calibri;">One issue is the different priorities of planners and traders. As Mediacom’s </span><a href="https://www.linkedin.com/pulse/dont-fix-problem-eliminate-cause-sue-unerman?trk=prof-post"><span style="color: #0000ff; font-family: Calibri;">Sue Unerman</span></a><span style="color: #000000; font-family: Calibri;"> (another of the good guys) reminded us all the other week: “There’s an overriding need to focus on (the) customer needs..”</span></p>
<p><span style="color: #000000; font-family: Calibri;">Customer needs versus agency margin requirements. A gap that needs closing.</span></p>
<p>&nbsp;</p>
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		<title>Farewell to The Independent</title>
		<link>https://www.bjanda.com/blog/farewell-to-the-independent/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 04 Mar 2016 08:14:40 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=725</guid>

					<description><![CDATA[‘The Independent’ and its sister ‘The Independent on Sunday’ have announced that they will cease to exist in paper form from later this month. Both will become digital-only titles. The stable’s little sibling ‘The i’ will be sold to Johnson Press where one imagines it will continue in print form. Meantime Trinity Mirror has launched [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>‘The Independent’ and its sister ‘The Independent on Sunday’ have announced that they will cease to exist in paper form from later this month. Both will become digital-only titles. The stable’s little sibling ‘The i’ will be sold to Johnson Press where one imagines it will continue in print form.<span id="more-725"></span></p>
<p>Meantime Trinity Mirror has launched a new title ‘The New Day’ which will at least initially be a print-only title.</p>
<p>For those not in the UK, the Independent titles were launched in 1986 (the daily) and 1990 (the Sunday). Both have been in decline with print sales dropping to an estimated 58,000 (daily) and 97,000 (Sunday). The daily at one stage sold around 400,000 copies.</p>
<p>I bought the first copy of the daily paper, and continued to buy it until 7 or 8 years ago. I haven’t especially missed it (I still buy a printed newspaper every day, just not that one), even though I admire much of the paper’s journalism.</p>
<p>So what went wrong? Because whatever the brave front of the press releases, the fact is you cannot hide those sales declines.</p>
<p>The digiterati as always have the answer. A sign of the times; a precursor of what’s to come; an inevitability; no future for print; ‘The Indie’ will fly online; we were right all along and so on.</p>
<p>I’m not so sure. Will ‘The Indie’ fly online? And what of Trinity Mirror’s commitment to print?</p>
<p>‘The Independent’ is certainly free of the cost of having to print copies, and no doubt of many members of staff who will lose their jobs.</p>
<p>But just being there online isn’t enough. There are many great online news sites, from ‘The Guardian’ and ‘The Times’ here to ‘The New York Times’ and ‘The Washington Post’ in the USA and a host more in-between. Even if ‘The Indie’ is equally good why should anyone read it?</p>
<p>Or indeed advertise in it?</p>
<p>The thing about the papers I’ve mentioned above, and many others is that they’re great brands that have by definition been built offline. They’re consistent. They have excellent journalists. They have moved to extend their presence via the wonders of online in amongst impressive digital-only competitors whilst maintaining their core brand values.</p>
<p>‘The Independent’ may have some excellent journalists, but is it a great brand? Does it have the foundations on which to build a commanding online presence? Has it built up a degree of consistency? I’m not sure that it has; certainly the many owners, editors and redesigns over its comparatively short life haven’t helped.</p>
<p>‘The Independent’ has certainly run some memorable marketing campaigns.</p>
<p>The launch line ‘It is. Are you?’ underpinned one such, but hasn’t been seen for many a year which with hindsight looks like a lost opportunity</p>
<p>The core thought of editorial independence from any owner (I guess the current owners, the Lebedevs don’t see themselves in that light) could have been extended. Admittedly there was the odd brilliant execution: ‘Rupert Murdoch Won’t Decide This Election – You Will’ (an idea that prompted the hilarious threatening visit to the paper’s newsroom in April 2010 by James Murdoch and Rebekah Brooks) but such flashes of inspiration were all too rare.</p>
<p>Maybe, as <a href="http://mediatel.co.uk/newsline/2016/02/17/a-much-diminished-media/">Ray Snoddy </a>pointed out if the owners hadn’t spent so much time and money chasing the illusion that is local TV, with London Live they might have had the cash to allow them a good shot at building a famous brand to support a strong product.</p>
<p>To far too many ‘The Independent’ has recently neither been one thing nor the other. It was and indeed is ‘fine’. We’ll see whether ‘fine’ is good enough, or if the paper can indeed build a role for itself online. It will be harder without the foundations, that’s for sure.</p>
<p>Meantime what to make of Trinity Mirror’s print only ‘The New Day’? Early days by definition, but a brave idea that seems to straddle news and chatty magazine formats.</p>
<p>Trinity Mirror is doing the smart thing by aiming to build the brand offline before no doubt taking it online in due course.</p>
<p>What is encouraging is that there is one newspaper publisher prepared to try something new. I expect there will be many in News UK, Associated and the rest who will be watching ‘The New Day’ with great interest and I suspect quietly wishing it well.</p>
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		<title>Programming and Airtime Deals</title>
		<link>https://www.bjanda.com/blog/programming-and-airtime-deals/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 24 Feb 2016 13:05:54 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=723</guid>

					<description><![CDATA[First up this week – a need to set the record straight. A couple of weeks ago I was critical of ‘Campaign’ over its (lack of) reporting of the implications around programme content being included in a deal between GroupM and Channel4. I wrote that ‘Campaign’ should have investigated further. Well, now they have, and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">First up this week – a need to set the record straight. </span><a href="http://www.bjanda.com/blog/groupms-channel-4-deal/"><span style="color: #0000ff; font-family: Calibri;">A couple of weeks ago</span></a><span style="color: #000000; font-family: Calibri;"> I was critical of ‘Campaign’ over its (lack of) reporting of the implications around programme content being included in a deal between GroupM and Channel4. I wrote that ‘Campaign’ should have investigated further. Well, now they have, and so credit is due to </span><a href="http://www.brandrepublic.com/article/tv-trading-deals-microscope/1383908"><span style="color: #0000ff; font-family: Calibri;">Gideon Spanier</span></a><span style="color: #000000; font-family: Calibri;"> and to ‘Campaign’ for doing so.</span><span id="more-723"></span></p>
<p><span style="color: #000000; font-family: Calibri;">That said the issue of linking airtime sales/buys with programme sales/buys rumbles on and has I fear many a rumble to go. </span></p>
<p><span style="color: #000000; font-family: Calibri;">As the </span><a href="http://www.brandrepublic.com/article/tv-trading-deals-microscope/1383908"><span style="color: #0000ff; font-family: Calibri;">‘Campaign’</span></a><span style="color: #000000; font-family: Calibri;"> story details, John Billett, a veteran media man (even more veteran than me and that’s saying something) and the Chairman of ID Comms, a media consultancy business that advises its clients on the efficacy of their media activities has written to the new Chairman of Channel4 with his concerns.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Setting aside for a moment the inevitable cries of ‘well he would say that wouldn’t he, given the nature of the business he chairs’, John’s fundamental concerns seem to me well-founded and to go far beyond the narrow confines of whether or not a consultancy or indeed an auditor has access to the inner workings of the airtime market-place.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The underlying question is: is it acceptable to blur the lines between editorial independence and commercial pressures?</span></p>
<p><span style="color: #000000; font-family: Calibri;">None of us on the outside can know the details of the commercial arrangement between any agency and any broadcaster; so what follows is about the principle rather than the specific. Whether Channel4 and GroupM (or any agency group; most of the large groups are involved in programme barter in one form or another) happen in this particular instance to be blurring this line is altogether a different question.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s the opportunity to do so that is a concern.</span></p>
<p><span style="color: #000000; font-family: Calibri;">For many years advertisers have sought to influence the media. To take a (presumably fictional) example even the current ITV drama ‘Mr Selfridge’ has the eponymous Harry Selfridge threatening a press owner with a withdrawal of advertising unless the owner’s papers stop giving him a hard time editorially. </span></p>
<p><span style="color: #000000; font-family: Calibri;">I was rather hoping for ironic neatness that ‘Mr Selfridge’ would turn out to be a GME production, but sadly it seems not to be.</span></p>
<p><span style="color: #000000; font-family: Calibri;">There is nothing new in the pressure between commercial needs and editorial freedom, </span><a href="http://www.moreaboutadvertising.com/2015/02/obornetelegraph-row-shows-why-brand-owners-shouldnt-touch-the-news-agenda-with-a-bargepole/"><span style="color: #0000ff; font-family: Calibri;">as a recent row</span></a><span style="color: #000000; font-family: Calibri;"> at ‘The Telegraph’ indicates. Indeed </span><a href="http://www.bjanda.com/blog/mail-and-farewell/"><span style="color: #0000ff; font-family: Calibri;">the Cog Blog</span></a><span style="color: #000000; font-family: Calibri;"> has made this point before.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s important that the line between editorial freedom and commercial pressures survives. Yes, of course there were soap operas in the USA with Procter and Gamble making radio dramas, but they were transparent – everyone knew who was paying for them.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Same with product placement in movies – James Bond has to smash up several cars per film, if Aston Martin or whoever wants to provide the cars (and be duly acknowledged as having done so in the credits) then what’s wrong with that?</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s about being clear and transparent.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Where things start to go wrong is when or if the advertiser starts to seek a degree of ‘undue influence’ over what’s broadcast. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Or when the advertiser connives with the media owner’s commercial teams to mislead the reader or viewer.</span></p>
<p><span style="color: #000000; font-family: Calibri;">So back to the rumoured deal between Channel4 and GroupM. As I’ve said none of myself, (I suspect) John Billett and ‘Campaign’ know the details of this particular deal. Both parties say they’re operating by the rules, so we have to accept that. It’s the opportunity for pressure to be exerted that’s dangerous.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Once you have an organisation selling shows, or financing shows to be sold to the same broadcaster from whom that same organisation is buying airtime then there’s danger lurking.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Is this old-fogey-style thinking? Am I wistfully trying to ‘wind the clock back 30 years’ (to quote someone in the ‘Campaign’ piece)? I don’t think so. This is about upholding the principle that advertising and editorial matters should be separated.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Why is this important in a digital age when we’re all content providers, social media, digital freedoms blah, blah, blah?</span></p>
<p><span style="color: #000000; font-family: Calibri;">Setting aside lofty concerns over freedom of expression and the wish not to have large commercial organisations covertly influencing what we see and read, there is the matter of the audience.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Audiences are not dumb. Once the line separating independently produced content from paid-for influence starts to blur and weaken, so audiences’ cynicism will increase. Which will lead to them assuming undue influence where maybe there is none.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Ultimately this is not a good thing for the publisher, nor for the advertiser. It’s why brands need to step very carefully when it comes to native advertising and to listen to those with no interest in selling them the latest shiny bauble.</span></p>
<p><span style="color: #000000; font-family: Calibri;">To say it again, clarity and transparency is crucial. </span></p>
<p><span style="color: #000000; font-family: Calibri;">One quote from GroupM in ‘Campaign’ caught my eye: “GME (GroupM Entertainment) operates as an independent business, separate from GroupM’s media agency businesses”.</span></p>
<p><span style="color: #000000; font-family: Calibri;">I’m sure that’s true but that’s not to say that GME deals can’t in some way influence GroupM’s airtime deals which most certainly feed through to the media agencies.</span></p>
<p><span style="color: #000000; font-family: Calibri;">If WPP really wanted GME to operate independently from the rest of GroupM, then why put it in GroupM? </span><span style="color: #000000; font-family: Calibri;">It would have been perfectly simple to establish a programme finance business within WPP that had no organisational relationship with GroupM.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Putting programme finance in to the same mini-holding company as airtime negotiations is bound to arouse suspicion and to prepare the way for one or two misguided individuals to have the opportunity to operate on the basis of what’s best for the buyer in the short term, as opposed to what’s best for the advertiser whose money they are, after all spending.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s a dilemma which might sound familiar to planners in some of the large holding company-owned agencies.</span></p>
<p>&nbsp;</p>
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		<title>Advertising Dies a Little</title>
		<link>https://www.bjanda.com/blog/advertising-dies-a-little/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 17 Feb 2016 12:11:40 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=718</guid>

					<description><![CDATA[When I lived and worked in the USA I promised myself that I would never start a sentence in any professional meeting with the four words: ‘In the UK we…’. When I started this blog I made myself a similar promise – never start a post with the words: ‘There used to be…’. There used to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">When I lived and worked in the USA I promised myself that I would never start a sentence in any professional meeting with the four words: ‘In the UK we…’. When I started this blog I made myself a similar promise – never start a post with the words: ‘There used to be…’.</span><span id="more-718"></span></p>
<p><span style="color: #000000; font-family: Calibri;">There used to be a TV show in the UK called Monday’s Newcomers. I would be amazed if more than one or two people reading this remember it; it was a showcase for new ads. Every Monday morning the nation’s creative departments would sit down, turn on their TV and view all the new ads that had aired the previous week.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The practice came to an end not long after some enterprising guy looking for a job made an ad about himself which he aired once on our smallest commercial TV station. He thus managed to get his video CV in front of every creative director for an airtime cost equivalent to a couple of pints.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The only ads reviewed like this were TV. TV ruled. I must have been in hundreds of meetings when I knew full well that the budget wasn’t sufficient to buy any sort of effective campaign, and consequently hardly anyone would ever see the ad. I and many like me argued internally and with the client, but it rarely did any good.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Many clients were convinced that the world was waiting expectantly for their masterpiece; which they just knew only had to be seen once for there to be a riot as people rushed to the stores demanding the product.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It often didn’t work. Of course there were exceptions but by definition, low impact campaigns were rarely noticed. We are talking about an era when creative excess was commonplace, and most advertisers understood little and cared less for media arguments.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Now we have the exact opposite.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Despite a great deal of evidence pointing in the opposite direction, many in the client community are obsessed with online advertising. ‘Think of how many millions of people we’ll be reaching’ they say. ‘Even if we only convert 0.01% think of how much product we’ll shift.’</span></p>
<p><span style="color: #000000; font-family: Calibri;">They forget that they may not have the appropriate creative execution for the medium being proposed. ‘The numbers are so huge the work doesn’t matter, it’s a numbers game’.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Let’s be clear – I’m not suggesting that digital advertising never works. But the way to improve the odds on it working is to plan it just as the planner plans any campaign on anything else. Not to buy blind, or hand everything over to a real-time bidding system, or to abdicate all responsibility to an algorithm and someone at a trading desk who wouldn’t know the ad they’re placing if it came up to them and said good morning.</span></p>
<p><span style="color: #000000; font-family: Calibri;">But still the obsession with huge numbers and what seem on paper to be cheap-as-chips media prices continues. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Digital sales guys whose advertising knowledge can be summed up as ‘never mind the quality, feel the width’, cheered on by agency buyers with an eye to their margins and their agency deals, working for CMO’s not sufficiently confident to follow the facts over the fads, and whose CEO’s and CFO’s know how to spot a trend (especially one that’s backed by billions of dollars’ worth of VC cash). All of these people look at the numbers and swoon.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Much advertising placed like this doesn’t deliver results, not surprisingly. The agency traders blame the creative work, the creatives shrug and point out that no-one asked for their opinion in the first place, the digital sales guys adjust the algorithms, the CMO blames fraud, bots, adblockers and everything else he’s read about, but remains too invested in the process to jump ship. </span></p>
<p><span style="color: #000000; font-family: Calibri;">The CEO and the CFO smile sadly and say they always knew advertising didn’t work.</span></p>
<p><span style="color: #000000; font-family: Calibri;">And we all die a little.</span></p>
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		<title>GroupM&#8217;s Channel 4 Deal</title>
		<link>https://www.bjanda.com/blog/groupms-channel-4-deal/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Feb 2016 08:35:31 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=715</guid>

					<description><![CDATA[Another day another deal. A few weeks back ‘Campaign’ reported that GroupM has struck a two-year deal with Channel 4 apparently worth £500m. The deal is alleged to include the provision of some advertiser-funded shows from the agency’s sibling GroupM Entertainment. It’s strange that any agency would want to publicise an over-arching deal like this, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Another day another deal. A few weeks back ‘Campaign’ <a href="http://www.campaignlive.co.uk/article/channel-4-group-m-reach-500m-two-year-deal/1376946">reported</a> that GroupM has struck a two-year deal with Channel 4 apparently worth £500m. The deal is alleged to include the provision of some advertiser-funded shows from the agency’s sibling GroupM Entertainment.</p>
<p><span id="more-715"></span>It’s strange that any agency would want to publicise an over-arching deal like this, especially in the current climate where clients’ trust in their media buyers’ objectivity is at a low point. The logic for C4 talking about this is a little clearer – it makes some sense for them to promote their ability to attract serious money under the current model whilst rumours of Government discussions over future funding mechanisms continue to ebb and flow.</p>
<p>Anyhow, as is unfortunately too often the case with our <a href="http://www.bjanda.com/blog/aegis-itv-and-the-trades/">trades</a>, the ‘Campaign’ story didn’t explore the implications of the largest media buyer in the UK selling shows to one of our largest broadcasters. The story concluded that this arrangement is “similar…to the previous deal”.</p>
<p>So that’s all right then.</p>
<p>As some loud-mouth (me) said from the stage in front of 800 anti-advertising TV producers at the Edinburgh TV Festival a million years ago (1989), TV back then had to look for new ways of bringing in funding. Sadly, as levels of ad expenditure don’t expand at the same rate as the number of TV channels on offer, it was always going to be essential to look for new, editorially acceptable ways of bringing advertisers into the medium.</p>
<p>As the same loud-mouth (hello again) then demonstrated (in 1990) it is possible to bring an advertiser’s money (Kellogg’s in this case) into TV production (‘The Magic Mirror’ a children’s animated series made with Anne Wood’s Ragdoll Productions) and then sell the show to a commercial broadcaster (ITV) without in any way compromising editorial integrity.</p>
<p>Another age, a different solution, so who am I to criticise the evolution of this model (‘The Magic Mirror’ was the first or certainly one of the first examples in the UK of this sort of co-funding)?</p>
<p>First there’s the matter of where the broadcaster’s money goes. In our case the answer was ‘back to Kellogg’s’.</p>
<p>In the second place there are the conditions – our sale to ITV was for cash, there wasn’t any element of airtime included. The two decisions (buying a show; buying airtime) were entirely separate. We offered ITV’s editors and controllers a children’s show which they bought on merit.</p>
<p>No commercial sales person was in any way involved in that deal.</p>
<p>Kellogg’s, as a large TV advertiser continued to buy airtime in the same way that they had always done which as it happened was not through my agency.</p>
<p>I don’t know the detail of the Channel 4 GroupM deal so what comes next is speculation.</p>
<p>GroupM Entertainment (GME) has brought much needed fresh thinking into the funding of TV productions in the USA. If GME underwrites a deal, and if they say to their advertisers – are you interested in coming in with us, in return for some commercial benefits (sponsorships, or even product placements might be examples) always assuming the show airs then that seems to me fair enough.</p>
<p>If on the other hand GroupM Entertainment offers shows to a broadcaster at (let us assume) a below rate-card price in return for large swathes of airtime, and if their advertisers aren’t informed about the arrangements then that strikes me as fraught with problems.</p>
<p>First, the broadcaster’s editorial team might be persuaded to take something they wouldn’t necessarily have commissioned/bought because of commercial pressures.</p>
<p>Secondly the agency’s planners might be persuaded to include the broadcaster on plans where it might not sit comfortably just because there is a shedload of airtime that needs shifting.</p>
<p>This leads to two questions.</p>
<p>One: is it a good thing for the viewer that the editorial and sales activities of a broadcaster are becoming so intertwined (if indeed they are)?</p>
<p>Two: is it fair on advertisers that their plans are based not on what’s best for them but on what’s needed to fulfil a deal of which they quite possibly had no knowledge?</p>
<p>You might have to be content to ask yourself these two questions. ‘Campaign’ sadly hasn’t asked them of those involved on your behalf, yet.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>The Advertiser Agency Battle Rumbles On</title>
		<link>https://www.bjanda.com/blog/the-advertiser-agency-battle-rumbles-on/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 02 Feb 2016 10:44:15 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=712</guid>

					<description><![CDATA[The argument between advertisers and media agencies in the USA over transparency rumbles on. Earlier Cog Blogs have commented on advertisers’ concerns over the agencies’ media buying practices, and their hiring (via their trade body the ANA) of two consultancies to look into the whole matter of where the money goes. Now, in what sounds [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">The argument between advertisers and media agencies in the USA over transparency rumbles on. Earlier Cog Blogs have commented on advertisers’ concerns over the agencies’ media buying practices, and their hiring (via their trade body the ANA) of two consultancies to look into the whole matter of where the money goes.</span><span id="more-712"></span></p>
<p><span style="color: #000000; font-family: Calibri;">Now, in what sounds like an attempt to get their retaliation in way before the consultants have even reported, the agencies’ trade body (the 4A’s) last week issued something called ‘Transparency Guiding Principles of Conduct’. In line with what seems to be something of a strained atmosphere between the two parties, the 4A’s did this without any discussion with their clients – whose trade body is as we said in mid-consultation and who might have had something interesting to input into what they consider to be the principles of transparency.</span></p>
<p><span style="color: #000000; font-family: Calibri;">You can read a concise report of the background here from the peerless Bob Hoffman in his </span><a href="http://adcontrarian.blogspot.co.uk/2016/02/advertisings-comedy-bitchfight.html#disqus_thread"><span style="color: #0000ff; font-family: Calibri;">AdContrarian blog</span></a><span style="color: #000000; font-family: Calibri;">. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Agencies always used to be respectful to their clients. At the extreme this was not always a good thing – no client wants as an advisor someone who simply agrees with him – but it was a thing.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The reason for the respect was blindingly obvious. The agency could advise, and advise until it was blue in the face but at the end of the day it was the client’s money and if he wanted to do something stupid with it, (like fire the agency, place space in the favourite publication of the Chairman’s wife, or even sponsor FIFA) then so be it. Advertisers know that very few agencies resign business on principle.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Nowadays many media agencies are of course part of huge marketing services groups, even if their hugeness seems to depend rather more on acquisition, and media owner deals, and rather less on growth driven by providing what their customers want or need.</span></p>
<p><span style="color: #000000; font-family: Calibri;">This lofty position does give the agency some degree of confidence – no single advertiser contributes more than a modest % to the holding company’s overall revenue, so the agency feels it can pick the occasional fight. Plus confidence gives strength to what some agencies see as an argument they have to win, in the absence of providing services that their clients are prepared to pay for.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The ANA/4A’s row now hitting the news does not make for a particularly edifying spectacle. It is though yet another example of how far the trust between advertiser and media agency has eroded – a situation that benefits neither side.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Agencies used to talk a lot about wanting to be a partner, not a ‘mere’ supplier to their clients. Partners work together, they share aims and ambitions, as well as both pain and gain.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Some agencies nowadays seem to see their advertisers as suppliers – of budgets that can be used to strike deals that benefit the agency over and above the advertiser, the generator of the budgets.</span></p>
<p><span style="color: #000000; font-family: Calibri;">No-one suggests that media agencies should roll over at the first sign that their advertisers are unhappy, but this transparency issue goes to the heart of the agencies’ future.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The 4A’s need to stop point-scoring and start talking. In any alternative it’s their members, the agencies who will lose.</span></p>
<p>&nbsp;</p>
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		<title>Aegis, ITV and the Trades</title>
		<link>https://www.bjanda.com/blog/aegis-itv-and-the-trades/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Jan 2016 16:46:08 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=709</guid>

					<description><![CDATA[Almost four weeks into the year and already two of my hopes for 2016 lie in tatters. Way, way back on January 6th (remember then? It was great to be alive wasn’t it? Such an air of optimism, such an air of hope) I said I hoped that 2016 would see agencies change behaviours from [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Almost four weeks into the year and already two of my hopes for 2016 lie in tatters.</p>
<p>Way, way back on January 6<sup>th</sup> (remember then? It was great to be alive wasn’t it? Such an air of optimism, such an air of hope) <a href="http://www.bjanda.com/blog/hopes-for-2016/">I said </a>I hoped that 2016 would see agencies change behaviours from making money unofficially to proving their worth to clients and getting paid fairly by them.</p>
<p><span id="more-709"></span>And so to last week, when ‘Campaign’s’ front page headline was “ITV Probes Dentsu Aegis Trading.” It would seem that Dentsu Aegis has fallen short of an agency deal commitment made to our main commercial TV network – or so ITV suspects. Dentsu Aegis says it’s done nothing wrong.</p>
<p>‘Campaign’ suggests: “Tens of millions of pounds of adspend could be at stake if ITV finds Dentsu Aegis has not fully met its obligations over several years”.</p>
<p>I’m not sure about the tens of millions in adspend but certainly Aegis could be facing an embarrassing financial issue. It might have been instructive had ‘Campaign’ clarified what courses of action are open to ITV should their suspicions turn out to be true. After all, this situation has arisen before – many times.</p>
<p>Either ITV could go legal, which would no doubt throw any current and future relationships between broadcaster and agency into turmoil – after all agencies are good at revenge, they have access to advertiser budgets and they have long memories.</p>
<p>Or the parties could agree to carry over whatever shortfalls there might be, which only makes Aegis’ owned Carat and Vizeum’s position as objective planners even rockier (‘we simply have to plan so much into ITV to clear our backlog’).</p>
<p>‘Campaign’ might have drawn a parallel between Aegis’ alleged broken promises to ITV and the Government’s media business won so controversially (according to Sir Martin Sorrell at the time) from GroupM last year.</p>
<p>To be clear this apparent row is about commitments made to ITV by the agency on behalf of its clients. Are these clients aware of the nature of these commitments? Possible but unlikely.</p>
<p>Are the discounts generated by these volumes rebated pro-rata to all clients spending on ITV? Possible but unlikely.</p>
<p>Are Aegis’ planners able to plan fully objectively despite the antics of their traders? Possible but unlikely.</p>
<p>The way these agency deals are built sucks, there’s no other way of putting it. Certainly if the agency uses its total volume to benefit all of its clients, pro-rata to spend there is nothing much to complain about. Nor is there if all clients involved in the deal understand it and agree to the terms. Possible but unlikely.</p>
<p>But when (as is usually the case) deals like this benefit the agency rather than the client then they put at risk the agency’s reputation as an objective advisor to its clients. They bring the media agency business into disrepute, and this is just the wrong moment to be doing that given the reputational damage caused by other well-publicised activities.</p>
<p>And so to my second disappointment.</p>
<p>Back on January 6<sup>th</sup> <a href="http://www.bjanda.com/blog/hopes-for-2016/">I wrote </a>that “I would love to see…our trade press (do)….far more holding of the agencies’ behaviours to account”. And far less parroting of what some marketing person has told them. A forlorn hope (as I said) but hey you have to have a dream, and trade papers in other markets manage to do it.</p>
<p>Back to ‘Campaign’, Aegis and ITV: “(The deal) requires the media buying group to invest a certain share of its clients’ TV adspend with the broadcaster each year in return for discounts – a common practice across the industry”.</p>
<p>Is that it? It’s common practice, and so we won’t probe any deeper? Why not ask Aegis a few questions; such as how can they square agency trading deals with planning objectivity? Or indeed, where do these discounts go?</p>
<p>And anyway is it ‘common practice’?</p>
<p>Didn’t the industry award its media agency of the year honour just a few short weeks ago to the7stars, an agency that famously does not do agency deals, that is paid fairly (one assumes) by its clients and which has won record amounts of new business from Aegis, amongst other network agencies?</p>
<p>Without getting too ‘soap-boxy’ about this, in the same way that agencies have a responsibility to their clients to act in their best interests, surely trade journalists have a responsibility to the industry to unearth what’s going on, if indeed anything IS going on.</p>
<p>Just shrugging and saying ‘Oh well, so it goes’ is pretty poor.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Just Because We Can&#8230;</title>
		<link>https://www.bjanda.com/blog/just-because-we-can/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 21 Jan 2016 10:10:47 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=704</guid>

					<description><![CDATA[A few days ago the notion of ‘advertising moments’ had a moment. ‘The New York Times’ carried a piece on the topic which as good as anointing the thought with a powerful mix of mainstream recognition and due authority. Except that as ‘The NYT’ concluded this is about as thin as it gets. One of [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">A few days ago the notion of ‘advertising moments’ had a moment. ‘The New York Times’ carried a </span><a href="http://www.nytimes.com/2016/01/18/business/media/marketing-in-the-moments-to-reach-customers-online.html?ref=media&amp;_r=0"><span style="color: #0000ff; font-family: Calibri;">piece</span></a><span style="color: #000000; font-family: Calibri;"> on the topic which as good as anointing the thought with a powerful mix of mainstream recognition and due authority.</span><span id="more-704"></span></p>
<p><span style="color: #000000; font-family: Calibri;">Except that as ‘The NYT’ concluded this is about as thin as it gets. </span></p>
<p><span style="color: #000000; font-family: Calibri;">One of the most clichéd expressions in advertising (as much loved by me as by all other right-thinking cliché merchants) is the one about right person, right place, right time, right context. We’ve always known that reaching people in the moment is important; it’s just that now we have the technology to allow advertisers to deliver messages to a mobile device at just the right moment, if ‘right’ can be defined very literally on time and place dimensions.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s easy to see how a service that allows a brand to serve a commercial message at the exact moment the consumer is in the market to buy can be useful. But not without thinking through how such an activity might fit with other band activities.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Plus – sometimes technology isn’t the answer.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The other day I was early for a meeting in an unfamiliar part of town, and in need of coffee. Where to find a decent coffee shop? </span></p>
<p><span style="color: #000000; font-family: Calibri;">I had two options. Take my gloves off (it was a cold day), find my phone, curse the lack of a decent signal, move up the road to get a better signal, search for coffee shops, navigate my way past the mass of ads and sponsored content for Starbucks (some as close as about two or three miles away), find a search entry for an independent coffee shop, go to maps, go to coffee shop.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Or I could ask a passer-by where I could get a decent cup of coffee. Which I did.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Just because the technology exists doesn’t mean large numbers will rush to use it.</span></p>
<p><span style="color: #000000; font-family: Calibri;">‘The NYT’ piece quotes a Google executive as saying: “The advertising game is no longer about reach and frequency. Now more than ever, intent is more important than identity and demographics, and immediacy is more important than brand loyalty.”</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s worth dismantling this nonsense.</span></p>
<p><span style="color: #000000; font-family: Calibri;">First, you have to reach people. Unless you do that you’re nowhere. Then ‘intent’ is simply another descriptor. Brand loyalty may well be less important than immediacy sometimes, but brand awareness and brand perception are I would contend still very important.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Then there’s the creepy component. At a time when we are all a bit anxious about what large corporations (not to mention Governments) are doing with our data is it really smart to demonstrate that ‘we know where you are, and what you’re thinking’ quite so obviously?</span></p>
<p><span style="color: #000000; font-family: Calibri;">At last year’s asi event, Pedro Cosa of Channel 4 showed a great Coke example of using programmatic techniques to personalise creative work. Coke had linked with C4’s registration data to serve an ad with an individual’s name on the bottle. So – if I were watching at the right moment I would see an ad featuring a bottle with Brian on it. </span></p>
<p><span style="color: #000000; font-family: Calibri;">It was clever, but as was pointed out, the first time you think ‘wow that’s neat’; the 2<sup><span style="font-size: small;">nd</span></sup> time: ‘hey come and look at this’; the 3<sup><span style="font-size: small;">rd</span></sup> time: ‘OK that’s weird how do they know it’s me watching’.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The Google quote is full of the arrogance and short-term thinking far too common within the digiterati. The certainty, the lack of any appreciation of the role for any brand building activities beyond the immediate call to action, even the dismissive reference to ‘the advertising game’, all make me even more determined to use my own patented search engine – the ‘ask a passer-by’ option.</span></p>
<p><span style="color: #000000; font-family: Calibri;">‘The NYT’ puts it better: “To build brands, an effort that accounts for the majority of ad spending, companies need more than a moment….the latest scheme to reach peripatetic consumers could prove, well, momentary”.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Just because we can doesn’t mean we should.</span></p>
<p><span style="color: #000000; font-family: Calibri;"> </span></p>
<p>&nbsp;</p>
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		<title>Carry On Learning</title>
		<link>https://www.bjanda.com/blog/carry-on-learning/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Jan 2016 18:02:36 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=702</guid>

					<description><![CDATA[This week I was very flattered to be asked to address the annual conference of the Portuguese advertiser association, APAN. These comments reflect some of the remarks I made there. If there is one thing about getting old it is the realisation that you’re never going to know everything. This may come as much of [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">This week I was very flattered to be asked to address the annual conference of the Portuguese advertiser association, APAN. These comments reflect some of the remarks I made there.</span><span id="more-702"></span></p>
<p><span style="color: #000000; font-family: Calibri;">If there is one thing about getting old it is the realisation that you’re never going to know everything.</span></p>
<p><span style="color: #000000; font-family: Calibri;">This may come as much of a shock to many in the digital advertising business who seem to believe, as I once did that they know, and have the answer to, everything. </span></p>
<p><span style="color: #000000; font-family: Calibri;">I cherish the memory of once going in to see a (by his own modest admission) a very senior figure in the digital world at one of Havas’ media agencies. I feel OK about mentioning them by name as I understand the individual has long gone.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Anyway, before I started on whatever it was we had come to talk about this guy leant over the table at me and my colleague (a man with multiple start-ups and exits to his name) and said ‘Let me tell you everything you need to know about how advertising works.’</span></p>
<p><span style="color: #000000; font-family: Calibri;">What followed was largely garbage, built around his belief, no doubt forged in the white heat of his vast two years’ experience in the business that the answer to every advertising problem was paid search.</span></p>
<p><span style="color: #000000; font-family: Calibri;">My presentation to APAN combined evidence from 1895, 1947, 1984 and 2015. Some was a bit weird (I’m not sure if I would have included the original ‘Punch’ cartoon in which the notion of the curate’s egg was first aired if I was to do it again), other bits (like Bill Bernbach’s amazing letter about why he wanted creative mould breakers over what he referred to as advertising scientists in his agency) seemed highly appropriate to today’s world.</span></p>
<p><span style="color: #000000; font-family: Calibri;">My message was simple – ignore the fads and stick to the facts. Use your experience, your brand knowledge, and your gut feel and you won’t go far wrong.</span></p>
<p><span style="color: #000000; font-family: Calibri;">This is not to advise advertisers to stay rooted in the past. The world of media and communications has of course changed out of all recognition. We all know that; we should always be experimenting, trialling, evaluating and learning.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The answer is always a blend. TV advertising, via whatever device, can still work wonders (read the IPA’s effectiveness awards papers, or the Field and Binet book ‘The Long and Short of It’ if you doubt me). </span></p>
<p><span style="color: #000000; font-family: Calibri;">Online advertising is brilliant at many things – especially in combination with media forms (like TV) that can add the emotional to the rational, and can extend the message far and wide. </span></p>
<p><span style="color: #000000; font-family: Calibri;">But, like us all it’s not brilliant at everything, always.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s not about Madmen versus Mathmen, or algorithms versus creative thoughts.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It’s about both and all of everything.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Carry on learning; you’ll be amazed at what you’ll find and where it will take you.</span></p>
<p>&nbsp;</p>
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		<title>Hopes for 2016</title>
		<link>https://www.bjanda.com/blog/hopes-for-2016/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 06 Jan 2016 15:59:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=699</guid>

					<description><![CDATA[Welcome to 2016 and the season for predictions. As usual, our industry hasn’t disappointed, scattering predictions around with all the confidence of people knowing that no-one will ever hold them to account in 12 months’ time. It’s a mugs game, predicting anything. So rather than risk being made a fool of by someone organised enough [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Welcome to 2016 and the season for predictions. As usual, our industry hasn’t disappointed, scattering predictions around with all the confidence of people knowing that no-one will ever hold them to account in 12 months’ time.</p>
<p><span id="more-699"></span>It’s a mugs game, predicting anything. So rather than risk being made a fool of by someone organised enough to remind me of how wrong I’ve been, here are some hopes and thoughts going into 2016. Right or wrong.</p>
<ul>
<li>The media agency business will reboot its business model. Gone will be the focus on making money unofficially, rather agencies will justify being paid properly by their clients for those services that bring them a recognisable and measurable benefit. Bluntly, the agencies have been given a shock and they will change behaviours. There’s too much at stake for their holding company masters for them not to do so.</li>
<li>Agencies will embrace technology to reduce the hours spent on executional buying. Rather they will invest more time on planning and measurement (‘recognisable and measurable…’).</li>
<li>Agencies will look to make up any shortfall in revenues by adding new services for which they can charge, particularly in the content and measurement spaces.</li>
<li>There will be a rebirth in client servicing. Agencies will stop being obsessed with beating media owners up over deals (there will be fewer headlines of the ‘agency x withdraws from channel y’ variety).</li>
<li>The ANA investigation will come to some firm conclusions. I suspect the investigators will turn up some evidence of dodgy practices in the US but neither Omnicom nor WPP will be implicated (both are far too smart, have far too much to lose, and have far too many corporate lawyers to do anything foolish in the US). I’m not so sure about Publicis, Aegis and Havas. Expect some controversy around supplier deals and the concomitant lack of objectivity.</li>
<li>The final reckoning on the pitch bonanza of 2015 will see WPP and Omnicom stretch their lead ahead of the rest.</li>
<li>There will be a greater focus amongst the networks on network consistency – even the largest holding companies accept that there are inconsistencies in how their offices operate around the world.It is simply (to take one example) too risky for MediaCom as a network to allow any office to behave as its Australians did in falsifying ratings. Large clients’ requirements are too global for local misdemeanours not to have an impact elsewhere.</li>
<li>As advertisers start to focus on behaviours (as with the ANA investigation), so the agency networks will start to impose far more control from their centres.</li>
<li>As planning moves more centre-stage expect more of a focus on global tools. These things will stop being the pitch window-dressing they have become and will start to be true differentiators, with their use linked to internal and external remuneration. After all, Carat used to base a proportion of their local market CEOs’ bonuses on their measured use of network tools.</li>
<li>Independent agencies will flourish locally. Horizon made waves in the US last year winning Hyundai; the7stars here won Media Agency of the Year from two separate organisations. The past behaviours of the networks, even if some turn over a new leaf in 2016 will mean more losses to those who place transparency at the heart of their offer.</li>
<li>Millions of words will be written on adblocking, adtech consolidation, the adoption of programmatic techniques and will bore us all rigid. No doubt The Cog Blog will join the throng continuing to add to the rising tide of boredom.</li>
</ul>
<p>One last wish:</p>
<ul>
<li>I would love to see a resurgence in our trade press with far less blind, unquestioning acceptance of what articulate, jargon-spouting media agency CEO’s and NBD’s say, and far more holding of their agencies’ behaviours to account. We are quite used to doing this in the creative field – so why not in media?</li>
</ul>
<p>Doesn&#8217;t have to be a forlorn hope, does it?</p>
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		<title>That Was The Year..</title>
		<link>https://www.bjanda.com/blog/that-was-the-year/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 16 Dec 2015 15:35:03 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=694</guid>

					<description><![CDATA[That was the year that was (fellow old gits will get the reference). The year that started with standing up for freedom of speech in the wake of the horrific murders at Charlie Hebdo, and ended with some of the same commentators calling for an idiotic American presidential candidate to be banned from the UK for [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>That was the year that was (fellow old gits will get the reference).<span id="more-694"></span></p>
<p>The year that started with standing up for freedom of speech in the wake of the horrific murders at <a href="http://www.bjanda.com/blog/je-ne-suis-pas-digne-detre-charlie/">Charlie Hebdo</a>, and ended with some of the same commentators calling for an idiotic American presidential candidate to be banned from the UK for speaking what passes for his mind.</p>
<p>The year that started with The Cog Blog <a href="http://www.bjanda.com/blog/vivaki-scores/">praising Publicis</a> for realising the coming way of the world by incorporating Vivaki’s trading desk into its media agencies, and ended with us criticising Publicis’ media agency <a href="http://www.bjanda.com/blog/the-vaporisation-of-starcom/">Starcom’s US</a> management for behaving as if Chicago truly is the centre of the media universe.</p>
<p>The year that <a href="http://www.bjanda.com/blog/online-ad-fraud-not-a-problem/">someone who should have known better</a> at Aegis declared that online fraud was not a problem, to be followed by the industry not sorting out online fraud.</p>
<p>The year that <a href="http://www.bjanda.com/blog/deal-or-no-deal/">Jon Mandel made a speech</a> at the ANA conference calling out alleged dodgy practices at media agencies, to be followed by the ANA apologising to those media agencies offended by his remarks, and the ANA subsequently employing Ebiquity’s Firm Decisions alongside K2 to investigate these same alleged dodgy practices.</p>
<p>The year that <a href="http://www.bjanda.com/blog/views-and-viewability/">the IAB</a> brought (more) ridicule upon itself by deciding that an ad only needed to be 50% in view for 1 second for it to have been viewed. The Bureau’s follow-up was to call for publishers to take legal action against adblockers, a sentiment they rapidly retracted.</p>
<p>The year of <a href="http://www.bjanda.com/blog/the-pitch-cycle-turns/">the super-pitch</a>; following every one of which the relevant agency holding group declared itself to be a) supremely unconcerned at the loss or b) truly reshaping the industry with the win.</p>
<p>The year in which <a href="http://www.bjanda.com/blog/adblocking-and-playing-the-piano-in-a-brothel/">adblockers became big news</a>; and everyone blamed everyone else for our collective failure to make online advertising even remotely acceptable to those at whom it is aimed.</p>
<p>The year of mobile. Surely, at last? No it wasn’t.</p>
<p>The year that the digital community <a href="http://www.bjanda.com/blog/breaking-the-quant-cast/">became aware of the rest of the advertising community</a>; coincidentally at about the same time the rest of the advertising community were fervently wishing the digital community would <a href="http://www.bjanda.com/blog/motes-and-beams/">pipe down</a> for five minutes.</p>
<p>The year that The Cog Blog topped 35,000 page views. We are now officially 143 times smaller than <a href="http://adcontrarian.blogspot.co.uk/">The AdContrarian</a> and still struggling to say in 700 words what Bob manages to say in 100.</p>
<p>The year of Cog Blog winners:</p>
<ul>
<li>OMG wins the Cog Blog <strong>pitch of the year prize</strong> by cleaning up Procter.</li>
<li>MEC wins the Cog Blog <strong>most beautiful agency contest</strong> courtesy of L’Oreal.</li>
<li>GroupM’s Alfie (alright if we’re being picky, Rob Norman’s dog Alfie) wins a <strong>Cog Blog special award</strong> as most photogenic media superstar.</li>
<li>Havas’ Paul Frampton wins the coveted Cog Blog <strong>most quoted person in the industry award</strong> (although this is subject to a recount called by a bad loser we had better not identify claiming that quoting yourself shouldn’t count).</li>
<li>OMD’s Mainardo de Nardis wins the<strong> <a href="http://www.bjanda.com/blog/the-vaporisation-of-starcom/">best-comment-on-the-Cog-Blog-site</a></strong> award.</li>
<li>Publicis’ Maurice Levy wins a strongly contested category for<strong> ill-judged appearances from a holding company CEO</strong> with his <a href="https://www.youtube.com/watch?v=CRrAQZj_nRA">YouTube chart topping ‘Reorganisation’</a> video, complete with finger-wagging exhortations to his staff, few of whom have bothered to watch it, according to the winner of the <strong>columnist-I’ve-stolen-most-from award</strong>, Mediatel’s <a href="http://mediatel.co.uk/newsline/2015/12/14/publicis-big-new-idea-fiefdoms-replace-silos/">Dominic Mills</a>.</li>
<li>Finally the Cog Blog <strong>thanks award</strong> goes to everyone who has bothered to read my rants over the year. It simply amazes me that so many people read this stuff, and take the trouble to tell me, week in, week out what they think of it. Good or bad, positive or negative I really appreciate all the comments.</li>
</ul>
<p>If there are winners there must be losers…..nah, it’s not the time of year for that.</p>
<p>Happy Christmas everyone. See you on the other side.</p>
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		<title>The Vaporisation of Starcom</title>
		<link>https://www.bjanda.com/blog/the-vaporisation-of-starcom/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 11 Dec 2015 14:23:56 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=687</guid>

					<description><![CDATA[Coming hot on the heels of Procter and Gamble’s announcement that they were moving the bulk of their US media business to Omnicom Media Group from Starcom is this week’s news that L’Oreal has consolidated US media with GroupM’s MEC. Ho-hum another US$2bn account moves agency. Well done to MEC, an agency that has recently [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Coming hot on the heels of Procter and Gamble’s announcement that they were moving the bulk of their US media business to Omnicom Media Group from Starcom is this week’s news that L’Oreal has consolidated US media with GroupM’s MEC.<span id="more-687"></span></p>
<p>Ho-hum another US$2bn account moves agency.</p>
<p>Well done to MEC, an agency that has recently emerged as a global force in its own right from behind the skirts of its sibling Mindshare. From what I’ve seen of them recently they fully deserve it.</p>
<p>Significantly this is another loss for Publicis-owned agencies, in this case Optimedia and DigitasLBi. Maybe not on the same scale as the Publicis-owned Starcom losing P&amp;G (the L’Oreal business was spread around amongst rather more agencies), but still a loss to put alongside that agency&#8217;s loss of Coke, and (a little further back) AB Inbev.</p>
<p>This one though is a French company leaving a French holding group for the British WPP. Anyone who knows anything about French business will know that is extremely unusual.</p>
<p>Starcom&#8217;s recent losses make Laura Desmond’s move to Chief Revenue Officer at Publicis look a little ironic. Hard to push global account teams around when your most recent experience has been as (to quote Bert de Vos, a famous agency media head of long ago) Director of Outgoing Accounts.</p>
<p>What the heck has gone wrong at Starcom?</p>
<p>Starcom emerged from Leo Burnett’s media operation. I should declare an interest here in that I worked at Leo Burnett for 14 years, as UK, European and eventually International Media Director. This last role was based in the agency’s Chicago HQ and involved me in every one of the agency’s media operations except for the USA.</p>
<p>At that time (we’re talking 20 years ago), Burnett was the US’s largest media operation; much admired, and the guys to beat.</p>
<p>As an agency Leo Burnett was neither really committed to international (Leo himself was said to have been dead set against having any offices outside of Chicago, let alone any overseas), and was managed by a group of account people who knew little and cared less about the media operation.</p>
<p>But that wasn’t so unusual at the time; the full service agencies generally weren’t much bothered about media, which of course is one key reason why media independents first started in Europe.</p>
<p>Nor was the US-centric nature of the business that unusual. The American agencies exported people and ideas around the world supporting their similarly US-centric (and very large) client base. Incidentally this is one thing Madmen got wrong – the notion of a UK agency buying a US agency was fanciful.</p>
<p>If you had visited the Leo Burnett management floor in Chicago in the mid 1990’s you would have seen framed memos from Mr Burnett (who died in the 1970’s). The whole place echoed to the question ‘What would Leo have done?’</p>
<p>Compare and contrast WPP, Omnicom, and to a lesser and more recent extent Aegis, IPG and Havas. The first two in particular invested in external talent, and built their media operations as global businesses way ahead of the curve.</p>
<p>Look at the top people at the GroupM and OMG agencies. Americans certainly but also Brits, the odd Italian (sorry Mainardo), those with APAC experience, many from non-traditional media backgrounds and so on. Love them or loathe them, both GroupM and OMG are truly world-class organisations and have been for years.</p>
<p>Both were invested in by their parents, who recognised the trend and moved to build their media operations long ago.</p>
<p>Starcom on the other hand seemed determined to hang on to the old Burnett media management, and the old Burnett culture, which was to run everything centrally out of Chicago. If we set aside media research (at which Starcom excels) central control to this extent is hardly the modern way.</p>
<p>The obsession with the Burnett way is a Starcom US thing. Here there was the vision to hire and grow real talent, like Mark Cranmer, Chris Locke, Ian Jacob, Ray Kelly, Nick Daly amongst others.</p>
<p>The lesson is you can hire all the talent in the world but if you then hamstring them by controlling them from a US office rooted in the past you’ll get nowhere.</p>
<p>The plan must have been to export business from the US and build the Starcom network to the same leadership position enjoyed by the US operation.</p>
<p>Instead the US office has declined over 20 years through a failure of management to move with the times and compete with more agile, better resourced organisations.</p>
<p>Certainly these huge losses are very recent but they’ve been coming. The signs have been there for those willing to see them.</p>
<p>So now, finally Publicis has acted by putting Steve King from Zenith in charge of both networks and asking him to sort the mess out. Steve has smart people around him, and no doubt others available to him. You have to wish him luck.</p>
<p>You also have to question why the holding company needed a raft of losses to force them into action.</p>
<p>And what can be done about what one Cog Blog reader has called ‘the vaporisation of Starcom’? It’s time surely to realise the mistakes of the past and rebuild as a modern, global business leaner and meaner than the competition.</p>
<p>The fact that they are where they are though is enough to make you weep.</p>
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		<title>OMG P&#038;G</title>
		<link>https://www.bjanda.com/blog/omg-pg/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 09 Dec 2015 12:33:49 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=685</guid>

					<description><![CDATA[Another review in the continuing rebooting of US agency-client relationships has been settled, with Procter and Gamble announcing their decision to hire Omnicom Media Group for the bulk of their US business. This is a big deal for three reasons. First, it’s US$2.6 billion. Second, Omnicom Media has not historically been a P&#38;G roster agency. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">Another review in the continuing rebooting of US agency-client relationships has been settled, with Procter and Gamble announcing their decision to hire Omnicom Media Group for the bulk of their US business.</span><span id="more-685"></span></p>
<p><span style="color: #000000; font-family: Calibri;">This is a big deal for three reasons. First, it’s US$2.6 billion. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Second, Omnicom Media has not historically been a P&amp;G roster agency. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Third, one of the Omnicom media agencies, PHD has a major strategic role on Unilever. Things have clearly moved on a bit (and for the good) since the days of the unofficial Procter and Unilever agreement never to allow their agencies to hire someone from the other’s agency without a period of quarantine.</span><span style="color: #000000; font-family: Calibri;"> </span></p>
<p><span style="color: #000000; font-family: Calibri;">There’s more. Procter has always organised its media assignments by region, or market. Now it’s going to structure by product or category. </span></p>
<p><span style="color: #000000; font-family: Calibri;">This seems to indicate a belief in the contribution the agency can make to brand planning across geographies, as opposed to simply delivering volume benefits. Indeed Procter’s Global Brand Officer, Marc Pritchard said as much in an </span><a href="http://adage.com/article/agency-news/p-g-s-pritchard/301633/?utm_source=breaking_news_alerts&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1450121095"><span style="color: #0000ff; font-family: Calibri;">interview</span></a><span style="color: #000000; font-family: Calibri;"> in AdAge in which he emphasised strategic considerations over pure volume.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The implications are interesting.</span></p>
<p><span style="color: #000000; font-family: Calibri;">GroupM, who handle Procter here in the UK through MediaCom (who led the US pitch) must be in danger under a product-led reorganisation. GroupM will be disappointed not to have converted the UK (and European) relationship into a US win.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Omnicom has announced it will set up a new Procter-focussed network. Understandably there are few details yet around this but clearly the new outfit will be shaped to Procter’s requirements. I wouldn’t be altogether surprised if this turned out to be a JV with shared ownership.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Then there’s digital trading. Procter’s thoughts on the current agency trading desk model are best exampled by their decision to take ‘programmatic buying functions in-house under a new internal operation called Hawkeye’ (AdAge).</span></p>
<p><span style="color: #000000; font-family: Calibri;">Omnicom’s pitch was led by Scott Hagedorn, who heads what is described as ‘the data and technology hub’ Annalect (note the lack of the word ‘trading’ in that descriptor). An evolution in the </span><a href="http://www.bjanda.com/blog/xaxis-revisited/"><span style="color: #0000ff; font-family: Calibri;">trading desk model</span></a><span style="color: #000000; font-family: Calibri;"> appears to be well underway.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Those of us who believe that </span><a href="http://www.bjanda.com/blog/can-planners-save-the-universe/"><span style="color: #0000ff; font-family: Calibri;">the future for agencies</span></a><span style="color: #000000; font-family: Calibri;"> lies in their planning capabilities will argue that the P&amp;G decision, following hot on the heels of </span><a href="http://www.bjanda.com/blog/coca-colas-hybrid/"><span style="color: #0000ff; font-family: Calibri;">Coke’s</span></a><span style="color: #000000; font-family: Calibri;"> decision to award planning as a separate assignment to Ogilvy, </span><a href="http://www.bjanda.com/blog/the-pitch-cycle-turns/"><span style="color: #0000ff; font-family: Calibri;">and CitiBank’s call</span></a><span style="color: #000000; font-family: Calibri;"> to create a dedicated full-service agency are all pointing in the same direction.</span></p>
<p><span style="color: #000000; font-family: Calibri;">And what of Starcom, the long-term P&amp;G US incumbent? This is a disastrous result, and has already led to some analysts recommending a sell position on Publicis stock. Remember, it was Starcom US who lost Coke too.</span></p>
<p><span style="color: #000000; font-family: Calibri;">As an ex-Leo Burnett media head (Starcom emerged from Burnett) this saddens me, but the fact is that Starcom has not moved on anywhere near far or fast enough from its days as the Leo Burnett media department. The same is emphatically not the case with GroupM, OMG, or IPG’s Mediabrands.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Burnett used to be the largest media operation in the USA by some distance. Many of those who moved on to run Starcom remain too steeped in not just the Leo Burnett culture, but the Leo Burnett USA culture. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Starcom in the US has for years been too US-centric, with its top management appearing to be somewhat removed from what’s going on in other parts of the world (including Starcom offices in other parts of the world…).</span></p>
<p><span style="color: #000000; font-family: Calibri;">Whether it’s a lack of interest/investment from Publicis (which seems most unlikely) or a lack of management vision coupled with a holding on to past glories, the P&amp;G and Coke decisions will no doubt prompt some major changes at Starcom. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Laura Desmond, the agency’s CEO has already been moved out of her role in a Publicis reorganisation, whilst Steve King, CEO of Zenith has been promoted into overseeing both of the holding company’s major media agency networks.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Expect more. Odd to remember that it wasn’t so long ago we were discussing a Publicis Omnicom merger.</span></p>
<p>&nbsp;</p>
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		<title>Art and Science</title>
		<link>https://www.bjanda.com/blog/art-and-science/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 03 Dec 2015 10:43:22 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=681</guid>

					<description><![CDATA[Is advertising an art or a science? The debate is not a new one but given the digital era we’re all living in it was certainly timely for the UK TV marketing body Thinkbox to sponsor a debate around the issue last week. The argument can be boiled down to creative output versus delivery mechanisms, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Is advertising an art or a science? The debate is not a new one but given the digital era we’re all living in it was certainly timely for the UK TV marketing body Thinkbox to sponsor a debate around the issue last week.<span id="more-681"></span></p>
<p>The argument can be boiled down to creative output versus delivery mechanisms, although of course it’s not as black and white as that.</p>
<p>Creativity can as we know be enhanced by smart placement; the use of data can guide creative thought, as account planners down the years have shown us. Smart placements are worthless, or at the very least worth less, without suitably engaging creative.</p>
<p>It all brings to mind the presentation given by Sir Martin Sorrell at an event hosted by one of his creative agencies at Cannes a few years ago.</p>
<p>The occasion was a light-hearted look at the future. Sir Martin presented a chart featuring a Heath Robinson-like contraption, with data, concepts, thoughts, ideas all being fed into one end, and finished campaigns coming out at the other end.</p>
<p>Sir Martin’s commentary (which was equally light-hearted and self-deprecating) pointed out that in his vision, WPP would move from a headcount of 150,000 (or whatever the figure was at the time) to a new total of 6, all reporting directly to him.</p>
<p>The presentation inevitably found its way online, together with the comment from one creative agency employee that although the presentation was entertaining his concern was that underneath it all Sir Martin was deadly serious about the shape if not the extent of the final execution.</p>
<p>The problem with the art v science (or the Madmen v Mathmen) debate comes with polarisation. Nothing is ever all right; or all wrong. As we all know a blend is needed.</p>
<p>One simple example is the lesson (from data and technology) that those viewing TV executions online need to be influenced within the first few moments of the start of the video. So the big reveal approach is rarely appropriate. Here we have the technology guiding the execution, yet by observation the lesson isn’t finding its way through into the practice.</p>
<p>Extreme segmentation and ultimately personalisation might be possible but that’s not to say they’re desirable. Looking at the science, the Les Binet/Peter Field work for the IPA indicates that the route to profitable brands leads through creativity, emotion and fame. Certainly there’s a role for short-term rational activation (recuts of work designed for TV to be used online?) but it is dangerous to assume that you can achieve a long-term goal by piling short-term goal on short-term goal.</p>
<p>Turning to the art, there is great enjoyment in discovering how interested, or moved, or influenced you can be by something in which you simply didn’t know you had any interest at all. The algorithms will most likely miss you if you behave in an entirely unpredictable fashion; great creative work widely distributed will find you.</p>
<p>The futurist Tracey Follows, speaking at last month’s asi event in Venice put it beautifully when she said; “The art of getting lost is getting lost.”</p>
<p>In Venice of all places it’s great to get lost; but it’s also reassuring to have Google Maps to get you found again whenever you want.</p>
<p>Art and science, in concert.</p>
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		<title>The Future for Programmatic&#8230;The Future for Agencies</title>
		<link>https://www.bjanda.com/blog/the-future-for-programmatic-the-future-for-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 26 Nov 2015 08:52:38 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=679</guid>

					<description><![CDATA[This post is loosely based on a speech given to the ‘Programmatic Buying in Scandinavia’ Conference on 26th November. If there is one word that can be said to sum up our industry’s love of jargon it must be ‘Programmatic’. Put 20 media people in a room and you’ll emerge with at least 25 definitions. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>This post is loosely based on a speech given to the ‘Programmatic Buying in Scandinavia’ Conference on 26<sup>th</sup> November.</em></strong></p>
<p>If there is one word that can be said to sum up our industry’s love of jargon it must be ‘Programmatic’. Put 20 media people in a room and you’ll emerge with at least 25 definitions.<span id="more-679"></span></p>
<p>Which is odd, as the concept really isn’t that complex. In my mind a ‘programmatic’ way of doing things combines putting all that relevant and appropriate data out there to good use, with the automation necessary to execute the great plan that results.</p>
<p>What programmatic is not (and I think we can lose the quotation marks now) is a silver bullet that will answer all of advertising’s great questions. To be fair the smartest digital evangelists don’t claim that for it but you might not know that if you read the trade press, not to mention the farther reaches of LinkedIn.</p>
<p>It is entertaining, as an example of the press’ obsession with turning everything into some kind of competition, to read of x% or y% of total advertising being ‘bought programmatically’ by 20andsomething.</p>
<p>Does this mean we will reach a point at which we will be placing media whilst using data to aid our decision making? Or buying media using automation at some stage in the process (to replace the old written ledgers perhaps)? Because if that is what we mean then I think we can assume that we’ve all been working programmatically since about 1970.</p>
<p>Of course the ready availability of vast amounts of data coupled with some breathtakingly clever systems has already changed the way that planners plan and buyers buy, and this will continue. Indeed it will all become faster, vaster and cleverer.</p>
<p>Many advertisers are data rich. Just think of the number of pieces of paper you need to fill in when you buy a car. All that data goes somewhere (one hopes). Consider the processes that have for many years reduced waste at McDonald’s by allowing their head offices to analyse throughput and sales. You thought that was a McTill? It’s really a computer terminal linked to some smart technology. Think of the possibilities open to financial services businesses. Or the retail sector. And so on.</p>
<p>Now consider the opportunities open to advertisers to link that data to media consumption and subsequently to media buys; to be able to write plans based on a wide range of data, and to react to market-pace dynamics smoothly, efficiently and responsively.</p>
<p>It is hardly surprising that so many large advertisers are going down a do-it-yourself route when it comes to data analytics. Why would any advertiser hand that responsibility to any media agency – especially given the lack of trust that currently exists?</p>
<p>Why put yourself in a position where the agency holds all of your valuable data to do with as they like? It must be far better to control your data yourself and not be in hock to any agency. That way you can change them whenever you like, too. Large advertisers will reap the benefits.</p>
<p>Less sophisticated advertisers will use the agencies’ data services but will benefit less, as befits anyone buying an off-the-shelf service as opposed to building a bespoke system. Agencies will claim (and with some justification) that exposure to different industries and different models will keep their approaches fresh and relevant to all.</p>
<p>Agencies certainly will continue to have a key role in the development of communication strategies and plans, not least to ensure that their clients maintain a balance between long-term, profitable brand-building activities and short-term activations.</p>
<p>Peter Field and Les Binet have come up with a rough rule of thumb when they state that 60% of any budget should go on brand building; 40% on the activation. Of course this will vary a lot from category to category and from circumstance to circumstance but it’s a good place to start.</p>
<p>We’ve said it before but it’s worth repeating: the future for agencies lies in planning, and (to a lesser degree) in the establishment of umbrella deals and value adds that use their scale to the benefit of their clients.</p>
<p>The days of the scale buyer striking deals in dark alleyways, keeping his deal book close to his chest, and dictating to his planners how their clients should spend their money are coming to an end.</p>
<p>Increasingly, executional buys will be automated, using programmatic techniques fuelled by advertiser data. These will be linked through smart DMP’s to premium publishers, RTB will exist but as a cost-reducer.</p>
<p>Agencies need to regain the trust of their advertisers. They’ll do it through their planners, by adding value and by having the confidence to charge properly for their services.</p>
<p>Those that don’t will be left scrabbling for the crumbs and wondering when it all went wrong.</p>
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		<title>This Post Is Viewable</title>
		<link>https://www.bjanda.com/blog/this-post-is-viewable/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 19 Nov 2015 15:55:20 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=676</guid>

					<description><![CDATA[It seems that most weeks bring yet another draw-dropping story from the wacky world of digital advertising. We’ve had bots, fraud, trading desks buying inventory from themselves, and a host of other wonders. This week though brings an excellent example of the genre, for which I’m grateful to Linda Holliday, the CEO of CITIA.com who [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It seems that most weeks bring yet another draw-dropping story from the wacky world of digital advertising. We’ve had bots, fraud, trading desks buying inventory from themselves, and a host of other wonders.</p>
<p><span id="more-676"></span>This week though brings an excellent example of the genre, for which I’m grateful to Linda Holliday, the CEO of CITIA.com who brought it to my attention.</p>
<p>‘Advertising Age’ earlier this month ran a <a href="http://adage.com/article/digital/a-market-online-ads-sees/301252/?utm_source=mediaworks&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1447447457">story</a> headlined ‘Why There&#8217;s Still a Market for Online Ads No One Sees’.</p>
<p>The piece was hung on a hook provided by adtech vendor AppNexus who in a startlingly generous gesture has announced that it ‘would allow advertisers to pay only for those digital ads that are actually seen by people‘.</p>
<p>In fact that is wrong as an examination of the AppNexus offer shows. AppNexus is saying that advertisers can select to pay only for ads that are viewable – which is not the same thing at all as saying they have actually been viewed.</p>
<p>Some credit is due to AppNexus who at least have realised that an ad is worth, well nothing if it cannot be viewed, and indeed to WPP/GroupM who have said that as far as they are concerned they’re not paying for anything not actually in view.</p>
<p>The AdAge piece goes on to make the point that (and I quote directly): “Advertisers have always paid to place ads that they know people aren&#8217;t seeing”.</p>
<p>No they haven’t and once again the trade press is missing the point by a country mile. There is a difference between an ad being actually viewed; and an ad that cannot be viewed because it never appears in front of the consumer. Viewed, and viewable are two different concepts.</p>
<p>Brian O’Kelley, the CEO of AppNexus says that agencies are pushed into buying the cheapest deals by procurement (ahah, I wondered when this would all come around to being their fault) who simply want cheap impressions. He says &#8220;That pushes agencies to do really weird things.&#8221;</p>
<p>This procurement bashing is becoming tedious. Sure there are poorly informed people in marketing procurement who see their job as beating up their agency suppliers, but it is at least rumoured that there are some agency bosses who are themselves sufficiently poorly informed to believe that they can get away with falsifying ratings (MediaCom in Australia, anybody?). We live in a world where not everyone is perfect.</p>
<p>In my experience (and we did interview a fair few senior procurement people for an ISBA study a few years ago) most senior procurement people want to do the best job to secure value for their business, and they realise that to do that they need to learn. If an agency can demonstrate value, and the link to business benefits then procurement generally accepts it has to be paid for.</p>
<p>Ads invisible to all are not valuable, impressions or no impressions. So why don’t more agencies make that case and only buy ads that can be viewed?</p>
<p>Search me.</p>
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		<title>Audience Measurement Advances</title>
		<link>https://www.bjanda.com/blog/audience-measurement-advances/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 13 Nov 2015 15:02:36 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=673</guid>

					<description><![CDATA[Last week the great and the good in TV and radio audience measurement from around the world met at the annual asi conference. This was the 25th annual asi event – so many congratulations to Mike Sainsbury and his team. In the interests of full disclosure, I am one of the people who help Mike, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week the great and the good in TV and radio audience measurement from around the world met at the annual asi conference. This was the 25<sup>th</sup> annual asi event – so many congratulations to Mike Sainsbury and his team. In the interests of full disclosure, I am one of the people who help Mike, and this year I chaired the advertising session within the TV part.<span id="more-673"></span></p>
<p>There are many pluses to report. The event was in Venice (hurrah!). The sun shone (hurrah!). The papers were universally excellent (hurrah!). Progress is being made towards a TV measurement system that encompasses all devices (hurrah!). And not a single media agency attended (boo!).</p>
<p>TV audience measurement is a curious mix. There is a great deal of revenue at stake, and so unsurprisingly the broadcaster end of the industry is loath to rush into anything that could lose them money.</p>
<p>Secondly this is one of the few branches of market research where the research company invests in the hardware. Peoplemeters and the like are owned by the researchers. They are literally vested in the process.</p>
<p>Thirdly, even though the rest of the industry is obsessed with speed and progress, it is not simple to introduce new audience research technologies. Certainly it’s a lot harder than changing a questionnaire; or even an algorithm.</p>
<p>One of the core principles behind the asi event has been to bring the users of research together with those responsible for the doing of it. This is an admirable objective – it is one way to ensure that the conference doesn’t become an event at which one narrow group talks to itself.</p>
<p>So this year we had adtech (in Radium One); specialists in measuring advertising effect (Nielsen, Holmes and Cook and Marketshare); believers in the importance of quality content (gfk and Channel 4); a futurologist (Tracey Follows); an advertiser (Unilever) and a giant (Facebook).</p>
<p>Plus of course analysts (Enders, Deloittes), research companies (amongst them Kantar, Nielsen), broadcasters, the EBU and the joint industry bodies responsible for commissioning the currency work across many markets.</p>
<p>It was fascinating to hear of real progress in Germany, Norway, Sweden, as well as within BARB. And to hear about how TV as a medium is likely to evolve.</p>
<p>So why no agencies? Several were invited to speak; none accepted the invitation. No delegates from GroupM, Omnicom, Havas, Interpublic, Publicis.</p>
<p>This was a real shame, and for the agencies a missed opportunity. Many individuals at the tops of agencies are vocal in their criticisms of TV audience measurement. Even Sir Martin Sorrell, whose views on Nielsen in the USA in particular are well known and not particularly polite. Of course Sir Martin owns Kantar and a chunk of ComScore.</p>
<p>In the past I’ve compared agency rants around (as one example) BARB as being analogous to those noisy parents standing on the sidelines at their children’s football games – screaming at the referee without ever considering volunteering themselves for the role.</p>
<p>Here was a chance to engage with those who run TV audience measurement. To debate and to influence. And they passed it up. Remember that the next time someone takes to the pages of the trades to score cheap points off those who do a tough job.</p>
<p>And – by the way – the prize for the best paper? For a brilliant explanation of what her company has done and is doing to deliver unduplicated ratings across all screens, platforms and distribution models – Megan Clarken from Nielsen.</p>
<p>Pity no-one from GroupM was there to see it. Sir Martin could perhaps use an update.</p>
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		<title>Can Planners Save the Universe?</title>
		<link>https://www.bjanda.com/blog/can-planners-save-the-universe/</link>
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		<pubDate>Tue, 03 Nov 2015 16:43:36 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=670</guid>

					<description><![CDATA[There has always been tension between those who plan and those who buy; and I am in no doubt that the tension survives whatever titular changes have occurred over recent years. From old-style press buyers intimidating planners who dared to challenge their desire to shift spend from hand-picked-carefully-selected-context-rich publication A to agency-deal-driven-great-entertainment-giving publication B, right [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There has always been tension between those who plan and those who buy; and I am in no doubt that the tension survives whatever titular changes have occurred over recent years.<span id="more-670"></span></p>
<p>From old-style press buyers intimidating planners who dared to challenge their desire to shift spend from hand-picked-carefully-selected-context-rich publication A to agency-deal-driven-great-entertainment-giving publication B, right through to one trading director of my acquaintance more recently informing his planning counterpart that ‘you guys may win the business but we make the money’ the relationship has not always run smoothly.</p>
<p>Now there is more than a little evidence that 40 years of buyer supremacy is coming to an end.</p>
<p>It’s not an exaggeration to suggest that the future of media agencies lies in the hands of the planners.</p>
<p>Buyers are ‘hot’ people. They’re loved by their holding company bosses because they deliver a simple thing in a world full of jargon and complexity; and that simple thing is cash.</p>
<p>Which sounds better to a holding company CEO under pressure to deliver to the financial market every quarter?</p>
<ol>
<li>I’ve screwed these suppliers into the ground and ensured an additional X million in bottom-line revenue</li>
<li>We are investing in the latest thinking that will help build my client’s brand over the next five years</li>
</ol>
<p>Planners are ‘cool’, analytical people. They write articles to support the agency’s intellectual credentials; they consider every angle; they make carefully reasoned choices. They put their client first.</p>
<p>For 40 years media agencies have focussed internally on buying whilst publicly talking about planning. The reality is that too often buys drive plans; not the other way around.</p>
<p>And now the buying community faces twin problems.</p>
<p>Problem one. Clients are on to them. Agency deals, rebates, kick-backs, AVB’s, surcommissions, rappels, super rappels, dark pools, all of these are under investigation and are having a light shone on them.</p>
<p>Problem two. Automation. Unlike planning, which requires an understanding of and integration with other marketing service suppliers, the buying process can very largely be automated.</p>
<p>Now I know buyers are creative too – there will always be a need to look for new ways to get the best value for the client – but their period in the sun is coming to an end.</p>
<p>What do clients want?</p>
<p>A thorough examination of and use of large amounts of data. Integrated thinking across all channels, driving towards effective campaigns that pay back, and come with a feedback loop that gathers learnings and reapplies them.</p>
<p>Sounds like planning to me.</p>
<p>What do clients hate?</p>
<p>The suspicion that there are rebates, generated by their budgets that are not being returned to them. The uneasy feeling that comes from thinking that maybe this or that element of the plan is not there to do a job for me, but to generate revenue for the agency.</p>
<p>Sounds like buying to me.</p>
<p>I can already hear the angry ringing of a phone. ‘How many times do we have to tell you – clients want cheap prices, they want to commoditise media, they won’t pay for planning.’</p>
<p>Really?</p>
<p>So why do agencies keep hiring and parading planners? Why not shut up shop and do what you say the client wants, invest in machines, automate everything, move out of London, and fire all the planners and researchers?</p>
<p>Because the agencies know full well that planning is essential. If clients don’t agree with this (and I personally believe they most certainly do agree), then persuade them.</p>
<p>Prove the benefit of great planning; show the business benefits; convince the procurement guys that the skill (and there is a real skill involved) is worth paying for.</p>
<p>After all – we read every day that agencies want to be seen as top-end consultants.</p>
<p>They need to scrap the opaque nature of what they do, initiate honest, open business-building conversations with their advertisers.</p>
<p>Create the right environment and your planners might just save the universe.</p>
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		<title>Sir Martin Sorrell Moves the Needle</title>
		<link>https://www.bjanda.com/blog/sir-martin-sorrell-moves-the-needle/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 30 Oct 2015 13:08:46 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=668</guid>

					<description><![CDATA[As we have commented numerous times before these are not the happiest of times for many in the media agency community. The network agencies stand accused of having lost the trust of their advertisers; of not doing enough to simplify the online media buying process; of putting their own interests ahead of their clients; and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri;">As we have commented numerous times before these are not the happiest of times for many in the media agency community.</span><span id="more-668"></span></p>
<p><span style="color: #000000; font-family: Calibri;">The network agencies stand accused of having lost the trust of their advertisers; of not doing enough to simplify the online media buying process; of putting their own interests ahead of their clients; and on and on.</span></p>
<p><span style="color: #000000; font-family: Calibri;">We all know the consequences of this lack of trust – the vast number of accounts in review out of the US; and the ANA investigation are both connected to the whole sorry mess.</span></p>
<p><span style="color: #000000; font-family: Calibri;">It is alleged that many of the network media agencies tell their planners that regardless of client, circumstance or need they should allocate a minimum set % of every client budget into online media forms, presumably because Mary Meeker says they should. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Heaven forfend that the thought behind this has anything at all to do with the opportunities open to earn additional margin via trading desks, kick-back deals with adtech vendors and the rest.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The fact is that regardless of the reasons, or even if some of the more lurid accusations are even true, more and more advertisers are questioning the efficacy of online advertising, and doubting their agency’s motives in recommending its use.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Which brings us – at last – to Sir Martin Sorrell. </span></p>
<p><span style="color: #000000; font-family: Calibri;">WPP-watchers will know of the Group’s love of all things online and digital. Companies have been acquired, technology businesses (oh, all right trading desks) have been set up, millions of posts and articles written. And with merit; the internet doesn’t only change the media world, it changes everything.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Yet here was Sir M </span><a href="http://www.theguardian.com/media/2015/oct/18/newspapers-advertising-crunch-print-digital-slowdown?CMP=share_btn_tw"><span style="color: #0000ff; font-family: Calibri;">quoted</span></a><span style="color: #000000; font-family: Calibri;"> in ‘The Guardian’: “The measurement hurdle for offline [media] may be too high and online too low. At the same time, newspaper engagement data in Canada, Australia and the UK suggests that the quality of consumer engagement may be better than people think. All this suggests that traditional media, including newspapers and magazines, may be in a better position to offer better value than we thought.”</span></p>
<p><span style="color: #000000; font-family: Calibri;">I wonder who ‘we’ and ‘people’ are?</span></p>
<p><span style="color: #000000; font-family: Calibri;">Surely not all those WPP strategists, planners, researchers, econometricians all of whom are charged with thinking about, planning, creating, and measuring the way in which consumers respond to advertising on the plethora of channels out there.</span></p>
<p><span style="color: #000000; font-family: Calibri;">And is it really a measurement issue? Are there creatives out there pausing before they consider whether or not to commit their mould-breaking creative thought to film to ask themselves if they really believe all this BARB/Nielsen stuff?</span></p>
<p><span style="color: #000000; font-family: Calibri;">Certainly the audience measurement world is not perfect, which is why it’s such a shame that as the audience measurement community gathers for the annual asi event no-one from GroupM has felt able to come along to take part in the debate on how the industry can best evolve to meet the needs of its primary users, the media buyers.</span></p>
<p><span style="color: #000000; font-family: Calibri;">The truth of course is that all the evidence points to the fact that when it comes to effective communications planning a mix generally works best. Consumers consume numerous channels, online, offline and if there were such a thing through-the-line. They use different channels at different times for different things. </span></p>
<p><span style="color: #000000; font-family: Calibri;">Swinging budgets around this way and that on a measurement whim, or even on a self-interested improve-the-margin whim is not necessarily in the best interests of the client.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Of course Sir Martin (who is a master at using the press to his own best advantage) might have sniffed the wind and decided that it might be wise to focus a little less on the online world, with all of its association with fraud, bots, misaligned trading desks and the rest and shift the centre of gravity just slightly towards calmer waters.</span></p>
<p><span style="color: #000000; font-family: Calibri;">Mind you he’s not getting his own way with the ANA. Sir Martin may think it ‘regrettable’ that the ANA is going ahead without the involvement of the agency trade body, but surely if you’re keen to get to the bottom of what’s going on, for the benefit of your members it’s best not to have any vested interests involved.</span></p>
<p>&nbsp;</p>
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		<title>Breaking the (Quant) Cast</title>
		<link>https://www.bjanda.com/blog/breaking-the-quant-cast/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 22 Oct 2015 09:23:12 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=664</guid>

					<description><![CDATA[One of my main beefs about the online adtech business is how so many people working within it are so narrow in their knowledge and their thinking about advertising. Too many seem to believe that the end point is the technology and the algorithms, and not helping ensure that each ad works as hard as [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>One of my main beefs about the online adtech business is how so many people working within it are so narrow in their knowledge and their thinking about advertising. Too many seem to believe that the end point is the technology and the algorithms, and not helping ensure that each ad works as hard as it can.<span id="more-664"></span></p>
<p>The former is formulaic; the latter demands some creativity in thinking.</p>
<p>Having said that it was a pleasure to attend the first part of Quantcast’s Supernova event this week and to listen to Peter Field and Les Binet on measuring advertising effect.</p>
<p>For those unfamiliar with the Field/Binet work their latest instalment draws upon over 1,000 case studies dawn from the IPA’s archives and which cover not just the UK but increasingly other markets too. This they have supplemented with another few hundred cases from Australia, covering the Pacific Rim. They have looked at short-term and long-term effects, using a mass of data.</p>
<p>Amongst their conclusions:</p>
<ul>
<li>Long-term, branding campaigns have a far greater effect on business metrics (like profit) than short-term tactical activity</li>
<li>But – the sensible marketer does both, spending about 60% on brand, and 40% on tactical</li>
<li>TV is unchallenged as the most effective long-term brand building medium, followed by other traditional media forms radio and out-of-home</li>
<li>But – online media are great for short-term offers and activation campaigns</li>
<li>Creativity is crucial – award winning campaigns perform in-market far ahead of non-award-winning campaigns</li>
</ul>
<p>Kudos to Quantcast for exposing this thinking to a room full of people by far the majority of whom live in the immediate short-term, for whom a 30-day window is rather more common than the 1 – 10 year windows used by Peter and Les.</p>
<p>Maybe a few of them went away prepared to reconsider <a href="http://www.bjanda.com/blog/what-business-are-we-in/">what business they’re in</a>.</p>
<p>It was also highly pertinent to remind everyone of the importance of creativity – it was fascinating and highly relevant to hear from a Pixar lead animator.</p>
<p>Consumers, we know from a wide variety of sources enjoy great advertising (look at the public interest in the John Lewis Christmas campaign, used as an example by Field and Binet; or at the anticipation ahead of new blockbusters by Guinness, or Nike).</p>
<p>On the other hand look at the fuss around adblockers, a problem very largely created by the adtech business and its application as opposed to by the wider advertising industry (even if blockers of course affect us all).</p>
<p>As I wrote <a href="http://www.bjanda.com/blog/traders-0-ideas-1/">once</a>: Traders 0; Ideas 1.</p>
<p>Creativity is about being different and breaking the conventions.</p>
<p>A million years ago I used to go and see our agency’s clients with the late great Allen Thomas, our Creative Director. The presentation we put together was about breaking the rules.</p>
<p>TV, we would say is all about sound and colour, before showcasing black and white ads.</p>
<p>Radio can’t be used visually, followed by a then-famous series of radio ads for a US paint brand, illustrating different shades of colour using music.</p>
<p>It’s a waste of money advertising industrial equipment in consumer titles, before talking about the Colt Ventiliation double-page spreads in the colour supplements, and so on.</p>
<p>As Dave Trott puts it in his <a href="http://www.amazon.co.uk/One-Plus-Equals-Three-Masterclass/dp/1447287037/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1445502436&amp;sr=1-1&amp;keywords=dave+trott">book</a> ‘One Plus One Equals Three: A Masterclass in Creative Thinking’: “The problem with formulas is they keep us locked in conventional wisdom. We can’t discover anything new as long as we keep to formulas. We will be limited by conventional wisdom.”</p>
<p>Thanks and congratulations to Quantcast – the only trick they missed was not bulk-buying copies of Dave’s book as a take-away.</p>
<p>&nbsp;</p>
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		<title>Revolution and Redemption</title>
		<link>https://www.bjanda.com/blog/revolution-and-redemption/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 16 Oct 2015 14:11:32 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=659</guid>

					<description><![CDATA[Revolutions very rarely happen in a neat, organised fashion, much though the trade press would like that to be the case. Instead change comes slowly, messily and often in an entirely random fashion. This has been an interesting week for reflection, and considering what the heck’s going on in the advertising industry. First, there was [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Revolutions very rarely happen in a neat, organised fashion, much though the trade press would like that to be the case.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Instead change comes slowly, messily and often in an entirely random fashion.</span><span id="more-659"></span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">This has been an interesting week for reflection, and considering what the heck’s going on in the advertising industry.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">First, there was a most moving, and appropriate memorial service for Richard Wheatly, the ex-Chairman of Leo Burnett, and the godfather of Jazz FM, a UK radio station who died suddenly earlier this year. </span><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Alongside many Leo Burnett alumni, Sir John Hegarty (the founder of BBH) attended, and spoke warmly of Richard, and of an industry changed out of all recognition from the old full-service days.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">At the Leo Burnett lunch afterwards (there’s always a lunch, Richard would have approved) I found myself talking to several ex-colleagues about today’s world, of adtech, adblockers, fraud, bots and the rest. One, Mark Heaton a supreme account man of his day asked a very pertinent question, a question Hegarty had touched on too.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">Surely, Mark said all these wizzy new media forms are but a delivery mechanism. You still need great ideas; and these great ideas still need exposure, engagement and involvement from those at whom they’re aimed.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">And yet we seem to have become obsessed with the delivery systems, at the expense of the idea. The algorithm trumps the creativity, far too often.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">The result is that digital advertising is in a huge hole, created by over-enthusiastic media agencies many of whom have forgotten that the best media buy in the world is worthless if there is no engaging idea at the end of it, and by middlemen who add little if any value to the advertising process.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">The result of this mess suddenly came swimming into sharp focus when consumers decided they had had enough and started voting with their adblockers.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">Only a couple of weeks ago, the head of online advertising’s trade body, the IAB’s President and CEO Randall Rothenberg was ranting against adblockers. He </span><a href="http://adage.com/article/digital/adblock-create-board-oversee-whitelisting/300659/"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">described</span></a><span style="color: #000000; font-family: Calibri; font-size: medium;"> them as: ‘unethical technology companies seeking to divert ad spending into their own pockets’. There was talk of legal action.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">It didn’t it seems occur to him that consumers are choosing to use blockers in large part because of the excesses of the online ad business – excesses that have led to volume of delivery being placed well above the value, quality and relevance of ideas.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Then, hallelujah, yesterday the IAB apparently saw the light. Their SVP of Technology and Ad Operations, Scott Cunningham </span><a href="http://adage.com/article/digital/iab-advertisers-content-providers-messed/300919/?utm_source=digital_email&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1445527904"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">said</span></a><span style="color: #000000; font-family: Calibri; font-size: medium;">: ‘We messed up….As technologists, tasked with delivering content and services to users, we lost track of the user experience’. Adblocking is the inevitable consequence of the industry screwing up.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">The IAB has decided to address the issue through a set of principles called LEAN (Light, Encrypted, Ad Choice Supported and Non-Invasive) that will ‘help guide the next phase of advertising technical standards for the global digital advertising supply chain’.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">Recognising the error of your ways is a good first step along the path to redemption.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span><span style="color: #000000; font-family: Calibri; font-size: medium;">We’ll forgive them the terrible acronym, and language that bears only a passing resemblance to English if the online ad industry as a whole can start to behave as an integral part of the advertising business, a business where ideas are still paramount.</span></p>
<p>&nbsp;</p>
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		<title>Building Trust and Belief in Online Advertising</title>
		<link>https://www.bjanda.com/blog/building-trust-and-belief-in-online-advertising/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Oct 2015 12:29:35 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=656</guid>

					<description><![CDATA[A VERSION OF THIS POST APPEARED ON MEDIATEL’S NEWSLINE ON 2ND OCTOBER Trust and reputation are fragile concepts. You work hard to build your business on solid foundations, and then one bad call destroys both your reputation and your customers’ trust, instantly. Ask Volkswagen. Or indeed Henry Ford, who once said “You can’t build a [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>A VERSION OF THIS POST APPEARED ON <a href="http://mediatel.co.uk/newsline/2015/10/02/the-online-ad-business-is-throwing-away-its-reputation/">MEDIATEL’S NEWSLINE</a> ON 2<sup>ND</sup> OCTOBER</strong></p>
<p>Trust and reputation are fragile concepts. You work hard to build your business on solid foundations, and then one bad call destroys both your reputation and your customers’ trust, instantly. Ask Volkswagen. Or indeed Henry Ford, who once said “You can’t build a reputation on what you’re going to do”.<span id="more-656"></span></p>
<p>There are too many involved in the online advertising business who aren’t trusted, too many who have harmed its reputation. Says who? Say the only people whose opinion actually counts for much – the advertisers.</p>
<p>The evidence is all around us. The number of large advertisers deciding either to ‘do it themselves’ or to use a specialist separated from their mainline media agency is growing; the volume of public statements from both individual advertisers, or from their trade bodies; some would even say the huge number of pitches going on at the moment all connect to a lack of comfort with the online ad business.</p>
<p>The current situation is simply unsustainable. We can all make jokes about drowning in acronyms, about complexity and confusion but the facts are pretty simple.</p>
<p>There are too many middlemen getting in the way between the publisher, who attracts and builds the audience through the variety and quality of the content produced, and the advertiser who wants to reach that audience with his commercial messages.</p>
<p>Furthermore there are too many on the agency side of the fence who could stand to lose financially from any streamlining of the process.</p>
<p>A recent Ebiquity study on behalf of the World Federation of Advertisers (the WFA) estimates the so-called technology tax at around 60%. So – for every 100 spent by the advertiser, 40 finishes up in the titles selected to carry the message.</p>
<p>Those that exist within that gap between advertiser and audience have to add value, or there is no point them being there.</p>
<p>From the advertiser’s perspective: ‘I’m paying 60% for what exactly?’</p>
<p>From the publisher’s perspective: ‘What am I gaining that justifies me giving up 60% of my revenue?’</p>
<p>A combination of publishers, who are suffering with the cost of creating the content that attracts the audiences advertisers want, and advertisers who may not always be that familiar with the mechanics but know that their budgets aren’t ending up where they can do the most good cannot equal a sustainable business model.</p>
<p>And then there are consumers – who are it seems taking the proactive step of downloading adblockers in ever increasing numbers.</p>
<p>Is it the ads they have taken against, or the adtech?</p>
<p>As we’ve said <a href="http://www.bjanda.com/blog/context-and-distribution/">here before</a>, the adtech industry has an issue. At the very same time that the technologists are being driven by their (often ill-informed) backers to drive up one set of meaningless metrics, the very people behind those metrics are voting with their downloads.</p>
<p>The AdContrarian, Bob Hoffman makes this point in an interview with me conducted on behalf of asi, whose November TV and radio audience measurement conference is a must-attend. You can hear Bob’s views <a href="https://www.asiconferences.com/asicast-4-bob-hoffman/">here.</a></p>
<p>So – what to do? Reach more people as measured by a set of metrics no-one believes in (viewability anyone? Fraud? Bots?). Or clean up the industry so that commercial messages within it can be relevant, engaging, and effective?</p>
<p>I hope for the latter, but within a quantitively-driven world in which the likes of Mary Meeker’s ‘money spent should equal time spent’ argument seems to be cherished by so many, I have my doubts.</p>
<p>Setting aside my doubts, and looking on the bright side, what is needed is a more informed application of the technology and the data out there. ‘Informed’ needs to mean ‘informed by serving the advertiser better’, not ‘informed by making a greater margin for my holding company without admitting to any such thing to my advertisers’.</p>
<p>The potential afforded by the whole concept of programmatic trading is exciting. All that data can help create better, more informed plans. If the distance between planner and publisher can be shortened then advertisers and publishers will gain.</p>
<p>The aim must surely be to have plans fully integrated with the buys as opposed to having either process silo-ed and separated from the other.</p>
<p>Planners need to plan, buyers need to buy to plan (and not to some dictat driven by rebates, kick-backs and other margin-enhancers), and the technocrats need to get the pipes to work properly.</p>
<p>All this technology is after all just a tool to enable creativity. It’s not in itself creative. To quote Havas’ Andy Sandoz, incoming President of D&amp;AD we should ‘breathe in technology and breathe out creativity’.</p>
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		<title>The Pitch Cycle Turns</title>
		<link>https://www.bjanda.com/blog/the-pitch-cycle-turns/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 02 Oct 2015 08:39:17 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=654</guid>

					<description><![CDATA[Slowly but surely the pitch cycle turns, as a few more mega clients involved in pitch-bonanza-time declare their results and decide on a home for their media budgets. There’s a certain and rather pleasing symmetry to the recent set of results. Three recent results, three different solutions. To start we have one global client, GSK [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Slowly but surely the pitch cycle turns, as a few more mega clients involved in pitch-bonanza-time declare their results and decide on a home for their media budgets.</span><span id="more-654"></span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">There’s a certain and rather pleasing symmetry to the recent set of results. Three recent results, three different solutions.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">To start we have one global client, GSK who has decided to stick. So after all the angst and grief of a pitch, and the countless (and very expensive) hours spent both by agencies and client, the decision is to leave things pretty well as they are. Thus GroupM and Omnicom continue to share the business and add the recently acquired Novartis from Starcom (Starcom having decided to withdraw at an early stage).</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">It would be interesting to cost the amount of time spent by the client on leaving things as they are, and comparing that cost with the no-doubt tougher terms negotiated with the two agency networks. I’ve never known a client do such a costing exercise – but the amount of time spent and disruption caused at the client end by pitching is huge. Clients might be less inclined to go through the full process if they knew the cost to themselves.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">It seems quite likely that GSK has spent thousands of hours getting a better deal out of their partner agencies (although ‘partner’ seems the wrong word in the circumstances). To compound the issue, GSK is now, according to ‘Campaign’ </span><a href="http://www.brandrepublic.com/article/gsk-supplies-agencies-bitter-pills-swallow/1365316"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">proposing</span></a><span style="color: #000000; font-family: Calibri; font-size: medium;"> factoring services to all their agencies – which will lose the agencies even more money as any factoring arrangement will of course paid be for by the agencies, not the client.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Anyway, presumably in this case the client thinks the pain was worth it.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Next up – a change, like-for-like. Mindshare has won the General Mills business from Zenith. Congratulations are due to Mindshare, who no doubt performed very well, and who certainly managed the </span><a href="http://adage.com/article/agency-news/general-mills-selects-media-agency/300521/?utm_source=breaking_news_alerts&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1443725664"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">AdAge coverage</span></a><span style="color: #000000; font-family: Calibri; font-size: medium;"> superbly. </span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">The fact is though – and I certainly don’t mean to diminish Mindshare’s achievement – General Mills has changed from one traditional media agency to another. It’s hardly a fundamentally new approach although of course we can’t know either the services offered by Mindshare, nor the terms at which they’ve been offered.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">The third result is rather more intriguing. Citibank has </span><a href="http://adage.com/article/agency-news/publicis-groupe-wins-consolidated-citi-media-agency-business/300518/?utm_source=breaking_news_alerts&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1443714696"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">decided</span></a><span style="color: #000000; font-family: Calibri; font-size: medium;"> to move their media business from GroupM’s MEC and the Publicis agency Starcom to the agency (One Citi Global) created by Publicis to handle the bank’s strategic, creative and production needs.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">It sounds as if Citibank has ended up with a full-service agency under the Publicis banner, dedicated to its business.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">So three results in the last few days: one stays as is, one moves from a traditional media agency to another one, and one goes for a new model and new approach.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">If you put these results along with </span><a href="http://www.bjanda.com/blog/coca-colas-hybrid/"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">Coke’s decision</span></a><span style="color: #000000; font-family: Calibri; font-size: medium;"> to add Ogilvy to their media assignment there do seem to be some new models starting to emerge, one of which looks a bit like a dedicated full-service agency. Back to the future indeed.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">I </span><a href="http://www.bjanda.com/blog/pitch-mania-part-two/"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">said at the start</span></a><span style="color: #000000; font-family: Calibri; font-size: medium;"> of this rush of reviews that I felt the traditional network media agencies would be the net losers. </span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Once one adds in Horizon’s win of Hyundai, an independent agency winning a huge account from one of the network giants, to the Ogilvy and One Citi Global successes it seems that even though some, or even many will stick rather than twist, change is certainly in the wind.</span></p>
<p>&nbsp;</p>
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		<title>Adblocking and Playing the Piano in a Brothel</title>
		<link>https://www.bjanda.com/blog/adblocking-and-playing-the-piano-in-a-brothel/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 22 Sep 2015 12:41:52 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=650</guid>

					<description><![CDATA[There’s a very old joke about the adman who when interviewed said ‘Don’t tell my mother I work in advertising, she thinks I am a piano player in a brothel’. Indeed, the legendary French adman, Jacques Seguela (the ‘S’ in RSCG, now part of Havas) used the joke as a title for his 1979 book. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="color: #000000; font-family: Calibri; font-size: medium;">There’s a very old joke about the adman who when interviewed said ‘Don’t tell my mother I work in advertising, she thinks I am a piano player in a brothel’. </span></p>
<p><span id="more-650"></span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Indeed, the legendary French adman, Jacques Seguela (the ‘S’ in RSCG, now part of Havas) used the joke as a title for his 1979 book.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">To encourage the feeling that we were all at work in a profession that whilst not exactly noble was at least vaguely socially acceptable, my generation in full-service agencies used to quote a statistic that showed that more people liked TV commercials than the programmes surrounding them.</span><span style="color: #000000; font-family: Calibri; font-size: medium;"> </span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">From memory this was from a study conducted by someone very worthy (the Advertising Association perhaps?), and the figures were around 51% to 49% but never mind – the end result of our work was something at least some people enjoyed.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">We seem to have moved from there to today – when adblockers are suddenly big news. Instead of actually enjoying the ads, large parts of the population are now actively prepared to pay, or at least to make a positive effort to avoid them. A search for adblockers yields over 2 million results.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">When Apple rolled out the latest version of its operating system last week it contained the opportunity for iPhone and iPad users to download an adblocking app. The app immediately shot to the top of the app ratings.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Trade commentators immediately went into blame mode. Whose fault is it that people are blocking ads? Not mine, said everyone.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Some of the comments were truly epic (and not in a good way). Carat Global’s Chief Digital Officer, James Harris </span><a href="http://www.mediapost.com/publications/article/258660/carat-22squared-point-finger-at-programmatics-co.html"><span style="color: #0000ff; font-family: Calibri; font-size: medium;">told Media Post</span></a><span style="color: #000000; font-family: Calibri; font-size: medium;"> “Programmatic sits at 1.0, which is about hitting people many times, because they&#8217;re in an audience pool. Brands need to look for the signal from consumers telling them it&#8217;s the appropriate time to serve an ad.&#8221;</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">What? Does he genuinely believe consumers are going to send the industry a signal? How? By text?</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">And isn’t he, and others like him at least in part responsible for the flawed strategy that puts ‘hitting people many times’ ahead of engaging with and influencing people to do or think something?</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Then there are the comments from several senior media agency figures that say adblockers will drive the growth of native advertising. </span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">What, again? Don’t these people get it? Most online commercial messages aren’t very good. Consumers don’t like them. Simply hiding the message inside some no-doubt not-very-good content might fool the adblockers, at least for now but it’s hardly a strategy.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Let’s irritate consumers even more, this approach seems to suggest, by stopping them blocking messages – because no doubt that’s the way to persuade them.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">My favourite was the media agency guy (maybe we should be kind and grant him anonymity) who told the trade press (and I paraphrase) the solution is simple – we need to make better ads.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Does he actually think creatives, or indeed anyone writing an ad sits down to write something, and the first thought is ‘let’s do a really bad ad’? </span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">And how exactly does he think we will achieve the lofty aim of universally better ads? No doubt by setting up a one-man ad approval board, with him as judge and jury.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">And anyway, my great ad is probably your most-annoying-ad-ever. People are different, you see.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Behind all of this is a serious point. Publishers’ online models are based by and large on ads. Block them, and you risk eviscerating the premium publisher business.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Some publishers are appealing straight to their loyal readers, pointing out that without ads they’ll have to charge them for content. Others resort to the law courts (unsuccessfully, so far at least).</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">One other approach could be for publishers to talk more to creative agencies. After all, if creatives understood more about how, and why people consume online media forms they may well be better placed to create for them.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Where does that leave the media agencies? The smart strategists and planners certainly can add value to a creatively-driven process. As to the rest? Playing around with commoditised, low cost, low value messaging that’s where.</span></p>
<p><span style="color: #000000; font-family: Calibri; font-size: medium;">Still – there’s always the piano playing option out there.</span></p>
<p>&nbsp;</p>
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		<title>Context and Distribution</title>
		<link>https://www.bjanda.com/blog/context-and-distribution/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Sep 2015 16:04:32 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=647</guid>

					<description><![CDATA[A terrible and powerful story that first appeared a few weeks ago can be co-opted to illustrate the power of context as well as the importance of distribution. By now I’m sure everyone reading this has seen the photo of the body of the little Syrian boy, Aylan Kurdi washed up on a Turkish beach. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A terrible and powerful story that first appeared a few weeks ago can be co-opted to illustrate the power of context as well as the importance of distribution.</p>
<p><span id="more-647"></span>By now I’m sure everyone reading this has seen the photo of the body of the little Syrian boy, Aylan Kurdi washed up on a Turkish beach. At the time the photo appeared here, comparisons (in terms of probable effect on political and public opinion) were drawn with the famous photo by Nick Ut of the 9-year old Vietnamese child running down the road with napalm sticking to her naked body.</p>
<p>The Aylan Kurdi photo (in one or other variation) appeared on the front pages of many UK newspapers. It was incredibly impactful, of course. The photo was shown baldly, powerfully. What editorial there was there was very short and took little space. The majority by far of the space was taken up by the photo. Needless to say there were no commercial messages anywhere near it.</p>
<p>I wondered how the newspapers were going to deal with the story and the photo online. So I checked ‘The Independent’ – one of the few papers here to carry the most graphic of the photos.</p>
<p>The first thing I noticed was that the front page took between 1 and 2 minutes to load. I should say that I live in central London, within yards of a junction box and my broadband speed is pretty good. My laptop, where I did this experiment is one foot from my router.</p>
<p>The reason for the delay was easy to spot – numerous adtech suppliers processing my details and then loading images.</p>
<p>Once the page loaded the photo was certainly there, but surrounded by ads and promotional messages from the publisher. Right under the photo was a video ad for Bulmers Cider.</p>
<p>A couple of months ago Felix Salmon wrote a <a href="http://www.theguardian.com/media/2015/jul/19/ad-tech-online-experience-facebook-apple-news?CMP=share_btn_tw">piece</a> in ‘The Guardian’ called ‘Adtech is killing the online experience’</p>
<p>Salmon quotes an Apple blogger called John Gruber who: “..noted that a 537-word text post on the website iMore.com weighed in at 14 megabytes. (Fourteen megabytes of text should correspond to about 7m words, or about 10 times the combined length of the Old and New Testaments).”</p>
<p>No-one wants to wait for what seems like an age to receive messages they almost certainly don’t want to receive.</p>
<p>The photo of Aylan got its message across in the extraordinarily powerful way that it did as a result of appearing isolated on a physical page, without any distraction.</p>
<p>What the various digital channels did of course was give the photo legs. It distributed it far faster, far wider and far more effectively than any other method.</p>
<p>This combination of impact channel and distribution network is nothing new.</p>
<p>One famous war photographer used to flypost images from photos he had taken, and which had already appeared in his newspaper, to ensure they were more widely seen, and their impact more widely felt.</p>
<p>We are in danger of losing the shades of grading within these distinctions. Media forms are defined more and more by what are increasingly meaningless metrics connected to the distribution mechanism, and less and less by their context.</p>
<p>It’s an easy sell too. Any advertiser can understand that medium A has a billion more users than medium B. Why bother to understand what the metric actually means; let alone try to appreciate and put some kind of value on the power of medium A over medium B.</p>
<p>We’ve become an industry obsessed by numbers and nervous of creative thought, in any sense. And we’re the poorer for it.</p>
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		<title>Cynics and Sentimentality</title>
		<link>https://www.bjanda.com/blog/cynics-and-sentimentality/</link>
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		<pubDate>Thu, 10 Sep 2015 16:01:07 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=645</guid>

					<description><![CDATA[Many of us don’t practice what we preach. Politics is full of people saying one thing and doing the opposite. Big name journalists will rip into a minor celebrity for having an affair whilst doing the self-same thing themselves. And of course ad agencies famously never advertise. If like me you spend far too long [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Many of us don’t practice what we preach. Politics is full of people saying one thing and doing the opposite. Big name journalists will rip into a minor celebrity for having an affair whilst doing the self-same thing themselves. And of course ad agencies famously never advertise.</p>
<p><span id="more-645"></span>If like me you spend far too long following global media agency leaders on social media you would be forgiven for thinking you had stumbled across a rare breed of world leaders crossed with Nobel-prize winning thinkers.</p>
<p>As an industry we are not exactly blessed with an excess of humility.</p>
<p>For example, the internet yields up many lessons from media agency gurus for marketing leaders, written in the main by those whose common characteristic is that they have never themselves had to act on the day-to-day issues faced by a marketing leader.</p>
<p>Or a mass of advice on the importance of building trust amongst consumers, from a group whose own customers are hardly brimming over with trust in their agency partners.</p>
<p>The fact is that the media agency business is facing a reputational crisis.</p>
<p>Some would say this is down to a lack of trust in many of the network agencies’ objectivity, some would point to the digital side of the industry’s inability to sort itself out, some to the impact of marketing procurement teams on agency fees, some to a failure by the agencies to explain transparently what they do with their clients’ budgets.</p>
<p>Whatever the cause, the truth is that the relationship between media agencies and advertisers is not currently looking too clever.</p>
<p>So why don’t the agencies take some of their own advice? If a client came to them with a problem, at the heart of which lay a lack of trust between the client and their customers what would they propose?</p>
<p>I suggest that one thing they would say is that trust is hard to build and easy to lose. Leaders can say what they like about honesty and transparency from their ivory tower, the unfortunate truth is that the first time some lowly employee in some outpost somewhere acts in an inappropriate manner all the fine words count for nothing.</p>
<p>They would point out that a consistency throughout an organisation’s touch points with its customers is important – the words of a bank’s CEO can be undone by the rudeness of a branch counter clerk.</p>
<p>Next, value needs to be proved. It’s easy enough to claim to be the cheapest, but if you want to charge a bit more for whatever you’re selling then you need to able to demonstrate its worth.</p>
<p>Oscar Wilde’s quote from ‘Lady Windermere’s Fan’ is often used, but rarely completed. In full it reads:</p>
<p><em>“Cecil Graham: What is a cynic?</em></p>
<p><em>Lord Darlington: A man who knows the price of everything, and the value of nothing.</em></p>
<p><em>Cecil Graham: And a sentimentalist, my dear Darlington, is a man who sees an absurd value in everything and doesn’t know the market price of any single thing.”</em></p>
<p>A balance is required in other words. Focus on costs at all costs and you cheapen your offering. Ignore costs and you’ll rightly be painted as impractical and other-worldly.</p>
<p>The agency’s advice would no doubt focus on the need to use a variety of means and channels to generate demand. Under-pinned by the quality of the product and the consistency of your staff’s actions, to create desire, to service wonderfully well and thus by doing all of these things well, to justify a premium.</p>
<p>Act honestly and professionally and you can survive the odd error and the odd misfortune. Do these things poorly and your reputation is so weak that the first gust of wind will bring the whole thing crashing down around your ears.</p>
<p>There are many smart people in media agencies. Several of them delight in writing articles, or even books on aspects of leadership, or strategic thinking, or even the power of truth.</p>
<p>Maybe these people should turn their talents to addressing the two fundamental problems their businesses face?</p>
<p>If a media agency went to a media agency for advice it seems likely they would advise themselves to quantify what’s driving the core issues of trust and remuneration.</p>
<p>If things really are as I suggest, then they would probably stress the need to start by ensuring the whole organisation understands the need to behave in a manner consistent with their leaders’ words. To service their clients wonderfully well. To use a mix of channels to create demand.</p>
<p>And finally, having put the basics in place, to work to prove the business case for what they would describe as a fairer remuneration model.</p>
<p>But then again – why would a media agency listen to a media agency?</p>
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		<title>Integration and Land-Grabs</title>
		<link>https://www.bjanda.com/blog/integration-and-land-grabs/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 03 Sep 2015 09:36:47 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=642</guid>

					<description><![CDATA[A recent piece in AdAge suggested that advertisers want a new media agency model, but aren’t too sure what such a model might look like. Certainly the huge number of pitches going on at the moment suggests at the very least a degree of restlessness. Actually I suspect advertisers know very well what they want. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A <a href="http://adage.com/article/agency-news/advertisers-seek-ad-model/300060/">recent piece</a> in AdAge suggested that advertisers want a new media agency model, but aren’t too sure what such a model might look like. Certainly the huge number of pitches going on at the moment suggests at the very least a degree of restlessness.</p>
<p><span id="more-642"></span>Actually I suspect advertisers know very well what they want. Whenever I speak to advertisers, which I do quite often two key principles emerge that need to underpin any new model:  integration and transparency. That’s what most advertisers claim to want – yet it seems hard for agencies to deliver to either concept. Why might that be?</p>
<p>There has been quite enough from me about transparency recently (although there is more to come I’m afraid!). So let’s take a look at integration.</p>
<p>The first thing to note is that ‘integration’ is not the same thing as ‘a land grab’. In the former the roster agencies, working hand-in-glove with their common client put in place processes and procedures that ensure that they are encouraged and indeed rewarded for working well together, to the benefit of the client.</p>
<p>In the second, one agency, typically these days the media agency claims to be able to do everything, thus delivering ‘integration’ in-house.</p>
<p>There’s a kind-of middle-path land-grab within which one holding company claims to be able to deliver an integrated service across its operating units. Sometimes this works; sometimes the agencies within the holding company fall out over who gets the largest slice of the cake. A kind-of internal land-grab.</p>
<p>The problem with the land-grab approach is that no-one is utterly brilliant at everything. Skilful people want to go somewhere where their skills are recognised and developed, and where they can learn alongside other skilful people.</p>
<p>It’s ironic that media agencies are scornful of clients taking media in-house, or of developing their own trading mechanisms. That will never work – it’s all far too complicated and anyway they’ll never attract the top talent, they mock.</p>
<p>Yet they do the exact same thing themselves. The agencies have a point – the main reason that most client in-house media experiments of the past haven’t worked is lack of resource, lack of commitment from top management, and lack of top talent.</p>
<p>But isn’t it the same when the media agencies try and pretend to be hubs of creative excellence? Or providers of content? Or when they set up marketing science units in competition to far better resourced expert organisations?</p>
<p>One thing clients do tend to say is that they get tired of managing warring factions within their agency roster. Refereeing between those intent on land-grabs. Wasting time seeing agency presentations on topics about which they know far less than specialists simply in order to keep the peace. Herding cats is fun in comparison.</p>
<p>Years ago at Leo Burnett we had an approach called ICS (if memory serves). The idea was to offer a fully integrated service across communication channels, maintaining the purity and integrity of the original big idea.</p>
<p>We once presented to Cathay Pacific. Our pitch was that we should do everything that communicated with the public – including the design and production of the antimacassars on the backs of the seats on the planes.</p>
<p>The Cathy client said something I’ve always remembered. In effect: ‘Yes I buy the principle of taking an idea across channels, including antimacassars. But you had better be at least as good as the best antimacassar supplier. If you’re at least as good that’s good enough – the benefit of integration will win you the day. But if you’re one degree worse than the best then that failure in quality will definitely impact how we see the rest of what you do.’</p>
<p>None of us are the best at everything, and land-grabs often end in tears.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Holidays</title>
		<link>https://www.bjanda.com/blog/holidays/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 18 Aug 2015 05:30:39 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=639</guid>

					<description><![CDATA[The Cog Blog is on a short break &#8211; back in early September.]]></description>
										<content:encoded><![CDATA[<p>The Cog Blog is on a short break &#8211; back in early September.</p>
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		<title>Simplicity and Creativity</title>
		<link>https://www.bjanda.com/blog/simplicity-and-creativity/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 14 Aug 2015 07:39:31 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=637</guid>

					<description><![CDATA[An earlier version of this post was commissioned by and appeared on the IAB’s UK site If there’s one thing I’ve learned over the years it is that we love to complicate things. And if there’s a second thing, it’s that if we want our customers to buy whatever it is we’re selling we need [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>An earlier version of this post was commissioned by and appeared on the IAB’s UK site</em></strong></p>
<p>If there’s one thing I’ve learned over the years it is that we love to complicate things. And if there’s a second thing, it’s that if we want our customers to buy whatever it is we’re selling we need to be able to communicate the complex simply.</p>
<p><span id="more-637"></span>When I was starting my career in agencies, the most irritating advice always started: ‘you never learn from the mistakes we made’. Media people have always over-complicated everything – that’s why there were all those jokes about the media part of any client presentation taking place immediately before (or, ideally, during) the break for lunch.</p>
<p>Now I find myself making the same no doubt still irritating point; the digital media planning, buying and selling businesses seem to have failed to take on board (again) the need for clarity and simplicity in how they communicate with those who ultimately pay our wages.</p>
<p>Take the word ‘programmatic’. It seems to be everywhere these days; and like a lot of words bandied about within the media element of the advertising business it is frequently misunderstood.</p>
<p>One reason for this is the fact that the meaning seems to mutate depending on who’s using it.</p>
<p>Or ‘native’. Yes we all joke that native is really just advertorials under a new name, and yes I know there are subtle differences but maybe we could come up with something more obviously descriptive.</p>
<p>One issue is the continued specialisation of conferences, and indeed the trade titles. As long as we think it’s more important to speak to ourselves rather than to our customers we’re simply going to widen the divide between the practitioners and the customer.</p>
<p>Speaking of customers, is it any wonder they are confused?</p>
<p>The adtech business might argue that they are so far removed from advertisers that it doesn’t really matter if they get it or not, as long as the agencies, or the traders do. That would be a huge mistake.</p>
<p>To state the obvious, it’s advertisers that pay the bills. It’s advertisers who decide which agencies to hire, and on what terms, and which media plans to buy. Ultimately it’s the advertisers who will determine the shape and the future of the online advertising business.</p>
<p>Take the enormous number of media accounts in review at the moment. Some say the total billings up for pitch totals US$25bn, others US$30bn. There are any number of theories as to why this has suddenly happened, but most agree that advertisers have decided that the current way they, and their agency partners do things has to change.</p>
<p>As someone said: ‘Where there’s chaos there’s margin’. They might have added, where there’s chaos change isn’t far away. At the moment the online ad business is fast becoming engulfed by chaos. There’s fraud, bots, conflicting opinions on what constitutes ‘viewability’, a lack of transparency over buys, a lack of respect paid to the plans that should surely drive the buys, far too many middle-men adding zero value to the end user, and so it goes on.</p>
<p>Most would also accept that most commercial messages exposed online are dreadful. Annoying. Lacking an idea. Tedious. To me that suggests that many of those charged with creating memorable brand stories and images are yet to come to terms with the many opportunities afforded by the technology.</p>
<p>We all like to think we work in a creative industry, but the truth is very few of us are really creative. We may copy, we may steal, we may come up with tactical ways of extending an idea, but that’s different from sitting down with a blank piece of paper and a deadline to come up with something good enough to persuade real people to do something they hadn’t until that moment thought of doing.</p>
<p>I’m not sure that we don’t confuse creativity with technology (although that’s a subject for another day) but we would do well to remember what creativity is.</p>
<p>One of the best weekly reads out there is <a href="http://www.addictivelondon.com/#mobile-fix">Mobile Fix</a> from Simon Andrews at Addictive. Simon likes to end his weekly newsletter by quoting the legendary jazz bassist Charles Mingus: &#8220;Making the simple complicated is commonplace; making the complicated simple, awesomely simple, that&#8217;s creativity&#8221;.</p>
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		<title>Coca-Cola&#8217;s Hybrid</title>
		<link>https://www.bjanda.com/blog/coca-colas-hybrid/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 06 Aug 2015 08:34:02 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=634</guid>

					<description><![CDATA[Congratulations are due to Universal McCann; the agency has triumphed in the first of the mega reviews to declare a result. UM has won Coca-Cola’s business in North America, beating Starcom (the incumbent) and Mediacom amongst others. The wheel indeed turns. For full disclosure I used to run UM across EMEA. I also worked on [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Congratulations are due to Universal McCann; the agency has triumphed in the first of the mega reviews to declare a result. UM has won Coca-Cola’s business in North America, beating Starcom (the incumbent) and Mediacom amongst others.</p>
<p><span id="more-634"></span>The wheel indeed turns. For full disclosure I used to run UM across EMEA. I also worked on the Coke business in three separate agencies, including UM who I joined at a time when the agency had been busy losing Coke business in many territories for some years.</p>
<p>It must be close to 10 years ago that Michael Roth, the then newly appointed CEO of IPG, McCann’s parent stated very publicly that his media agencies were to act in an entirely transparent fashion at whatever cost. His company has held to that line ever since, most recently in an interview Roth gave at Cannes this year.</p>
<p>I have no way of knowing if that stance had anything to do with UM besting Starcom and Mediacom, or if you prefer it IPG beating Publicis and WPP but it can’t have done any harm.</p>
<p>For Starcom, whose CEO Laura Desmond has been personally involved in the Coke business for many years, stretching back to her time at Leo Burnett, it’s a harsh blow. It’s partly mitigated by the news that the UK office has just won the large Lidl business – a juxtaposition in fortunes that is interesting given that Starcom is by far the most US-centric of the large media agency networks in both outlook and management.</p>
<p>Another winner in the review is Ogilvy, the well-known not-media-agency who have been hired on certain unspecified media strategy assignments. Coke are introducing what they refer to as a hybrid approach, picking talent from around their roster agencies best suited to the various media tasks they’ve identified, whether that talent is in the media agency or not.</p>
<p>They’re not the first to do this of course but it is unusual for a media pitch to conclude with a solution involving both a media and a creative agency, certainly not when the two agencies in question are from different holding companies.</p>
<p>The Cog Blog explained Ogilvy’s presence in the review <a href="http://www.bjanda.com/blog/coca-cola-and-connections/">in June</a>, where we also pointed out that clearly Coke values strategic planning sufficiently to pay for it – something many of the large media agency networks maintain never happens, and which failure by clients is used as a justification for some of their more dubious trading practices.</p>
<p>I think the Coke result will have four consequences:</p>
<ol>
<li>The biggest doesn’t always win. IPG is by a distance smaller than WPP and Publicis. So the ‘bigger the holding company the better the value’ theory is as untrue as most of us always knew. Analysts (and indeed smaller agencies) – take note.</li>
<li>Having the head of the organisation commit unequivocally to deal transparency is desirable. Muddying the waters semantically doesn’t fool anyone.</li>
<li>Clients will increasingly look to create their own integrations, using what they consider to be the most appropriate talent; whether that talent resides in the same holding company or not.</li>
<li>Publicis, WPP and Aegis all of whom work with Coke in various parts of the world should take note. In Coke’s case what Atlanta does today the rest of the world tends to do pretty early tomorrow morning.</li>
</ol>
<p>Finally, as we said back in June, Coca-Cola is a beacon client. What they do today, others tend to do tomorrow. This hybrid notion will I suspect resurface elsewhere.</p>
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		<title>Xaxis Revisited</title>
		<link>https://www.bjanda.com/blog/xaxis-revisited/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 31 Jul 2015 11:04:40 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=629</guid>

					<description><![CDATA[It’s been a little while since we last commented on Xaxis, GroupM’s trading desk. In that time there have been many significant changes – not least Xaxis’ statement that they are not a trading desk. Last week, Brian Lesser the Xaxis CEO gave an interview to Business Insider. This was interesting for several reasons. First, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s been a little while since we last commented on Xaxis, GroupM’s trading desk. In that time there have been many significant changes – not least Xaxis’ statement that they are not a trading desk.</p>
<p><span id="more-629"></span>Last week, Brian Lesser the Xaxis CEO <a href="http://uk.businessinsider.com/xaxis-ceo-brian-lesser-interview-2015-7">gave an interview</a> to Business Insider. This was interesting for several reasons. First, the assertion that Xaxis is not a trading desk, or (perhaps more accurately) not only a trading desk.</p>
<p>Lesser makes the point that his organisation has “recently created a product called Xaxis Sync that allows advertisers to sync advertising served to a mobile device with what is happening at the same time on TV”.</p>
<p>Good idea, and well done them. That’s exactly the sort of initiative they should be taking.</p>
<p>Back in <a href="http://www.bjanda.com/blog/why-xaxis-needs-a-whyaxis/">March 2014</a> The Cog Blog made the point that GroupM had positioned Xaxis incorrectly by focussing on the trading aspects of what it does. We said that there was great potential in a technology business delivering benefits to the Group’s planning agencies. We commented:</p>
<p>“It would be smart if those who run Xaxis quietly started a re-think on just what it’s for. They need to appreciate that advertisers are increasingly and understandably demanding transparency and full disclosure (and yes I do appreciate the difference). Consequently there’s a need to reorganise and reposition the organisation around the good bits. It’s time to deliver a Whyaxix”.</p>
<p>Later in the same interview Lesser reverted back to the bad stuff.</p>
<p>“Xaxis negotiates big trade deals with publishers, which Lesser says disables his company from exposing that pricing to clients.”</p>
<p>Let’s just consider that. Xaxis is used by many WPP clients. They trust the organisation to spend their money wisely, and in their best interests – in exactly the same way that clients trust Mindshare or any other agency to do the same in offline media forms.</p>
<p>Xaxis, exactly like GroupM negotiates deals based on their total volume. Some clients like that; some don’t. Those that don’t (including a number of the largest) vote with their feet and find other homes for their online budgets.</p>
<p>But unlike GroupM’s negotiations with, for example TV broadcasters Xaxis are saying they won’t tell clients what prices have been negotiated with whom on their behalf.</p>
<p>So – to summarise, clients trust Xaxis with their online budgets. Xaxis, being very large negotiates great deals no doubt covering more than space costs. But they won’t tell their clients what those deals are.</p>
<p>At the heart of this is the belief at Xaxis that clients buy audiences and as long as they deliver those audiences at a great price it doesn’t matter where the ads appear, or what terms have been negotiated with those carrying those ads.</p>
<p>And don’t let’s forget that Xaxis is also a media owner courtesy of what was 24/7 – and so theoretically they could be buying from themselves.</p>
<p>Or they could be favouring those that favour them – thus putting the buy ahead of the plan.</p>
<p>The whole subject of online advertising is so fraught with problems, from fraudulent sites to bots to ads not being viewed that it is hardly surprising that clients are increasingly viewing the whole medium as problematic.</p>
<p>What the medium doesn’t need is further obliqueness from the very people charged with spending their clients’ money effectively.</p>
<p>Xaxis, and their counterparts are to be praised for their work in addressing some of the endemic issues faced by the medium. But why throw it all away by behaving so obliquely as traders?</p>
<p>Even if they’re not trading desks.</p>
<p>&nbsp;</p>
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		<title>Motes and Beams</title>
		<link>https://www.bjanda.com/blog/motes-and-beams/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 24 Jul 2015 08:10:43 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=622</guid>

					<description><![CDATA[One of the less appealing characteristics of the more strident members of the digital community is their habit of suggesting that the world of media planning, buying and selling was ill-informed, ill served by its measurements and entirely unaccountable until they came along. Furthermore they seem to think they have carte blanche to rubbish what’s [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>One of the less appealing characteristics of the more strident members of the digital community is their habit of suggesting that the world of media planning, buying and selling was ill-informed, ill served by its measurements and entirely unaccountable until they came along.</p>
<p><span id="more-622"></span></p>
<p>Furthermore they seem to think they have carte blanche to rubbish what’s gone before whilst simultaneously thinking they’re inventing new concepts and ideas that have in fact been around for ages.</p>
<p>It may very well be true to say that it was ever thus; that the previous generation felt exactly the same way about those that came before, although I think that in my time there was at least a healthy respect for and understanding of where ideas came from, and a desire to at least try to build on past achievements.</p>
<p>Planning across media forms is a good case in point. Agencies always used to be organised (in fact largely still are) into groups of specialists. There were TV buyers, print buyers, radio buyers, outdoor specialists and so on. Importantly there were also planners, whose job was to compose the piece and then make sure the various members of the orchestra all played their part.</p>
<p>The weakness in the thinking was that the media agencies of the past thought by medium, rather than across media forms.</p>
<p>The solution was the notion of consumer-centric planning, with the consumer at the heart of the process and appropriate media forms selected to engage with him or her at various moments over time.</p>
<p>This idea has been updated for the digital age by Hamish Pringle and Jim Marshall in their book ‘Spending Advertising Money in the Digital Age’. Hamish and Jim talk of “consumers stepping in and out of the fast-moving media flow at will.”</p>
<p>Their point is that communication today is like a river. It flows continuously and carries any number of channels and opportunities. Some are online, some are social, some are what I suppose we have to refer to as traditional media even if delivered by digital means. The consumer enters and exits wherever and whenever suits them</p>
<p>In a nutshell, it is as it has always been although to be fair these days there is a lot more of it out there. Consumers consume many channels, as they always did.</p>
<p>The skill in building a plan, as it always was is to mix together the right proportions of the right ingredients to create the perfect cake. This was never easy – it’s even harder today given all the options and possibilities out there.</p>
<p>One of the harder things is understanding how to mix the metrics, metrics which have for very good and obvious reasons been built medium-by-medium (with one or two shining exceptions, like the IPA’s Touchpoints work). The detail behind these metrics has evolved over time. Technological possibilities have been explored, some integrated, others rejected. Much work has been done by many people.</p>
<p>Yet the online community seems largely unaware of any of this. Furthermore many of them think it’s appropriate to comment, in an often ignorant, ill-informed, in fact more-often-than-not straight wrong way about the measurement failings of TV, or print.</p>
<p>It might be slightly more OK to take up a superior position if the online community wasn’t so divided itself on how to measure even simple concepts like viewability, and if it hadn’t so far appeared unable to sort out the beam in its own eye (the fraud, the bots, the lack of transparency, the opaque behaviour of those charged with acting in their clients’ best interests) before moving on to the mote in others’.</p>
<p>Yet despite all of this, many elements of the business (including many advertisers) persist with the idea that somehow online advertising is the answer to every question. That everything not online is a waste of money, ignored by all those ‘modern’ people we need to reach, yesterday’s medium for yesterday’s consumer.</p>
<p>Plans have to be designed to deliver great business results for the client. Plans have to drive buys. Great media plans use multiple channels. Even online. Even paper stuck on walls.</p>
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		<title>Researchers and Oiks</title>
		<link>https://www.bjanda.com/blog/researchers-and-oiks/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 16 Jul 2015 09:13:28 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=619</guid>

					<description><![CDATA[Confusing industry, market research. ‘Marketing’ paints the business as angst-ridden and hubris-imbued. This seems to be supported by my LinkedIn newsline which regularly contains researcher-authored pieces full of self-doubt about the industry’s future, alongside those from the Nellie-know-alls, sharing their expertise on any number of topics. It’s a strange mixture, especially to someone from the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Confusing industry, market research. <a href="http://www.brandrepublic.com/article/1353750/hubris-angst-dogging-research-industry?utm_content=buffer0e9d1&amp;utm_medium=social&amp;utm_source=twitter.com&amp;utm_campaign=buffer">‘Marketing’</a> paints the business as angst-ridden and hubris-imbued. This seems to be supported by my LinkedIn newsline which regularly contains researcher-authored pieces full of self-doubt about the industry’s future, alongside those from the Nellie-know-alls, sharing their expertise on any number of topics.</p>
<p><span id="more-619"></span>It’s a strange mixture, especially to someone from the media agency world where self-doubt and angst are not exactly much in evidence (although hubris we can do), and where the only answer to the client question: ‘Can you help us with this’ is a resounding ‘YES’, given immediately before rushing off to find out what exactly we’ve just agreed to do.</p>
<p>Take the recent UK General Election example quoted by Helen Edwards in the ‘Marketing’ piece. Here was an example of the researchers being seen to have got it wrong. It is certainly true that they didn’t predict the result in any way that was even vaguely accurate, but there might be reasons for that – like the electorate itself wasn’t too sure what it was going to do, or the media gave far too much prominence to every poll and focus group.</p>
<p>True to type the research industry has set up an enquiry to look into why they were all so wrong.</p>
<p>Then there’s the decline of our largest supermarket chain, Tesco – a decline that was not it seems predicted by the business despite the huge quantity of Clubcard data analysed by Tesco’s own Dunn Humby, or indeed by the mass of generally admired bespoke work carried out by the store’s research suppliers into shopper attitudes and behaviours.</p>
<p>How can that be when so many researchers paint themselves as experts in so many areas? Maybe their advice was ignored.</p>
<p>The point is that market research has an image problem within marketing. It’s easy to ignore advice when it’s presented in a boring, less-than-clear way and hidden deep within huge Powerpoint presentations. There are too many people for whom these presentations and reports are the job. They’re not, they’re simply the workings you have to go through to arrive at a conclusion.</p>
<p>The best researchers do what they’ve always done &#8211; they use the data generated to tell a story, and to arrive at insights that allow them to make firm recommendations. The best don’t sit on the fence, they have the courage of their convictions and believe in giving the client the best possible advice, even if it’s not advice he particularly wants to hear.</p>
<p>I’ve sat through my fair share of large research agency presentations and can tell you there’s nothing worse than ‘on the one hand, on the other’ comments; unless it’s the agency refusing to commit itself to a recommendation because it’s ‘only the research agency’. I’ve heard both, far too often.</p>
<p>It’s this having the courage-of-their-own-convictions quality that will ensure research survives and flourishes at a time when the industry is going nuts for data. If ever there was a case of never mind the quality, feel the width…</p>
<p>I suspect that one of the reasons why WPP keeps winning ‘best holding company’ awards is the business’ appreciation of the opportunity afforded by linking a large research resource, in Kantar, with a giant media operation in GroupM.</p>
<p>This particular vision is something none of the other large marketing services companies can offer, and I would contend gives WPP a potentially huge advantage. The question is – do they leverage it sufficiently?</p>
<p>There is an opportunity to do exactly this courtesy of the large number of media agency reviews being conducted at the moment, reviews that potentially give those participating the chance to rewrite the rules and change the model. Maybe the new model will solidify a greater sense of integration between research and media.</p>
<p>I would be surprised if GroupM and Kantar aren’t working together closely on a number of these reviews. After all, what is more powerful than basing your communication recommendations on bespoke research designed to uncover unique insights?</p>
<p>The question is: are there enough of the right sort of people at Kantar? And if there are, is the organisation prepared to set aside the standard large research agency sense that only they know the pure unvarnished answer to any question in order to work alongside the sweaty media oiks?</p>
<p>I suspect the answer is ‘yes’ and ‘yes’. We’ll see if those clients reviewing agree.</p>
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		<title>Cannes Do</title>
		<link>https://www.bjanda.com/blog/cannes-do/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 09 Jul 2015 10:51:03 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=616</guid>

					<description><![CDATA[Disclaimer: I am a Founder Director of Enreach, mentioned at the end of this post. Another Cannes Advertising Festival has been and gone. Thousands of words have been written; some positive (largely from those who were there and thus presumably felt the need to justify the expense); others negative (largely from those not there who [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>Disclaimer: I am a Founder Director of Enreach, mentioned at the end of this post.</em></strong></p>
<p>Another Cannes Advertising Festival has been and gone. Thousands of words have been written; some positive (largely from those who were there and thus presumably felt the need to justify the expense); others negative (largely from those not there who might have been a bit miffed at missing out on the invitation). I wasn’t there; although I certainly wasn’t upset by the coincidence of all those invites going missing.</p>
<p><span id="more-616"></span>Luckily for me there has been much coverage (positive and negative), and not just from your average hack. It seems I wasn’t alone; many ad industry luminaries weren’t there, and have been <a href="http://mediatel.co.uk/newsline/2015/07/06/cannes-the-whisper-of-discontent/">explaining what’s gone wrong</a> with the world’s largest ad festival.</p>
<p>Cannes might be a remarkable event but sadly it seems as if it might have succumbed to ‘conference blight’, an equivalent of the horse chestnut bleeding canker that creeps up slowly but which is now threatening our landscape.</p>
<p>Years back someone had the idea of a conference on a boat. Senior marketing figures would be lured on board by the promise of a pleasant few days cruising somewhere sunny. Agencies were herded on board (lighter by several grand) by the promise of getting to pitch to prospects: and furthermore prospects who couldn’t get away.</p>
<p>Over time the marketing figures got more and more junior, and the agencies realised that paying a few thousand pounds to get to speak to someone with very little decision making authority wasn’t such a good idea.</p>
<p>The same has happened with other events. The once-famous Marketing Week TV Conference in Monte Carlo was great when the right people went, less great when it became a rather ostentatious way for media owners to entertain their agency contacts.</p>
<p>Many feel that Cannes started going wrong when clients started attending. The original appearances by the likes of Procter and Gamble were a good thing (clients should after all be exposed to the latest thinking in creativity). But now there are so many, all attracting hordes of agency minders that the original intention has been lost.</p>
<p>Then there’s the media agencies. Again – it’s always a good idea for media people to be exposed to creativity. I liked MEC’s approach of sending a group of their young stars to experience the festival. Mind you let’s hope they didn’t go home and settle for a career in banking, where Cannes seems to happen every day.</p>
<p>But just as the clients attract masses of suits; so the media agencies attract gigabytes of adtech and technology companies.</p>
<p>So now it’s even more party central. Lots of people with lots of money and the classic justification to their bosses and/or investors that we have to look after our clients or entertain prospective media agency customers.</p>
<p>As the always excellent <a href="http://mediatel.co.uk/newsline/2015/07/06/cannes-the-whisper-of-discontent/">Dominic Mills</a> put it on Mediatel, Cannes retains one great strength: “Cannes {might have} has lost its soul and its purposes…{but it} remains resolutely committed to conspicuous consumption”.</p>
<p>But I hear you ask, alongside the parties and the absurdly priced bottles of rose, what about the ads? Cannes this year seemed far less about the ads and far more about the technology deployed to display them.</p>
<p>Plus there was Kim Kardashian, Will.i.am, and Jamie Oliver. So that’s the creative angle covered then.</p>
<p>Once Cannes loses its whole point, the celebration of advertising and related creativity it becomes nothing more than an ad tech convention. And I don’t think technology companies have to date demonstrated any empathy with great creative.</p>
<p>As Google’s David McMurtrie put it at a recent <a href="http://mediatel.co.uk/newsline/2015/06/15/low-investment-in-good-quality-creative-holding-back-digital-publishing/">Mediatel/Enreach event</a>: “The investment in good quality creative hasn&#8217;t followed the technology. That has got to change because we&#8217;re all talking about….bringing big plans and big budgets into digital and those budgets aren&#8217;t coming unless we have great quality creative.&#8221;</p>
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		<title>Views and Viewability</title>
		<link>https://www.bjanda.com/blog/views-and-viewability/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 06 Jul 2015 14:54:23 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=613</guid>

					<description><![CDATA[The debate around what constitutes ‘viewability’ has been around for a while, which is strange as in one sense it’s really pretty obvious, even non-contentious. If an ad cannot be viewed then it has zero value. It therefore stands to reason that advertisers will only pay for ads that can be viewed. The complications come [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The debate around what constitutes ‘viewability’ has been around for a while, which is strange as in one sense it’s really pretty obvious, even non-contentious.</p>
<p><span id="more-613"></span>If an ad cannot be viewed then it has zero value. It therefore stands to reason that advertisers will only pay for ads that can be viewed.</p>
<p>The complications come when this simple concept gets confused with other related notions.</p>
<p>The first such confusion is between viewability and what has actually been viewed. For an ad to be viewable, it has to be there, in its entirety in front of an audience.</p>
<p>Whether the audience then decides to actually engage with the ad is a whole different thing and is of course affected by all sorts of external criteria (such as time of day, context of placement, mindset of the person doing the viewing, as well as the quality, relevance and appropriateness of the creative work).</p>
<p>Viewability as a concept also has nothing to do with the audience delivered. If the ‘audience’ that has allegedly been exposed to the ad turns out not to be human but a bot then of course that’s a serious matter, but it’s a different serious matter.</p>
<p>For an ad to be viewable it has to be visible. If a part of it is not visible, because the viewer doesn’t scroll down that far, or it’s below the fold, or whatever, then it’s not worth the same as an ad that is <strong>wholly</strong> in view.</p>
<p>The wooliness in this debate is hidden away in that little word <strong>‘wholly’</strong>.</p>
<p>The Internet Advertising Bureau has decreed that an ad is considered viewable if 50% of that ad is in view for at least one second.</p>
<p>I cannot think of a single occasion when the creative team behind the work have said: “You know, as long as 50% of this thing is in the consumer’s vision for one second, it’s done its job.” It’s clearly a nonsensical concept, and one that (it has been made clear publicly) is unacceptable to several major agencies and many large advertisers.</p>
<p>It is worth noting that at least the IAB has done something &#8211; although their comments at the time that this is simply the first stage of a work in progress don&#8217;t seem to have led anywhere.</p>
<p>Many digital sales guys defend the IAB definition by comparing online advertising with more traditional media forms, like TV, or print. But that comparison simply doesn’t stand up.</p>
<p>If viewability is all about whether the ad is there at all to be seen, then every TV ad is viewable. It’s rare (although I concede it does happen once in a while) for a TV ad to be cut short through some technical broadcast malfunction. When that does happen, the advertiser is inevitably immediately refunded.</p>
<p>Same with print, if an ad is in a magazine, it’s there to be viewed. It’s viewable. If it&#8217;s not there for some reason, it&#8217;s not charged for.</p>
<p>Whether TV or print ads actually are seen is another question, one that has been addressed by many research studies over literally decades. Media planners factor in all sorts of placement criteria to increase the odds of their ad being seen, but the one factor that is constant is that the ad is at least there to be seen, should the audience choose to view it.</p>
<p>It seems to me that it is essential to retain a degree of flexibility when it comes to reporting on viewability; ‘one size fits all’ is not the answer.</p>
<p>For performance advertisers the key metric is response, however measured. An ad being fully in shot for a reasonable period of time (certainly long enough to allow the consumer to take some action – like click) will naturally aid performance but at the end of the day the campaign will be judged on the direct response generated.</p>
<p>Brand building campaigns, of the sort favoured by most large advertisers will ultimately be assessed on metrics like awareness, favourability, satisfaction scores, propensity to buy and ultimately sales. These ads are typically pre-tested before they ever appear, so that any misinterpretations and weak communication points can be ironed out.</p>
<p>These advertisers select a medium for all sorts of reasons – but in every single case it is assumed that at least the ad will be put in front of the selected audience as intended. This is why many big spenders, including Unilever have stated that only 100% viewability is acceptable.</p>
<p>Clearly there is a pay off: the higher the bar, the lower the measured audience but the greater the end value.</p>
<p>As publishers increasingly build their direct dialogues with advertisers there is a greater importance to be attached to understanding what drives business success. Going beyond the media numbers if you like. Ensuring an ad is there to be viewed would seem to be the basic building block onto which more relevant metrics can be stacked.</p>
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		<title>Who Controls the Digital Eco-System?</title>
		<link>https://www.bjanda.com/blog/who-controls-the-digital-eco-system/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 25 Jun 2015 09:29:01 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=607</guid>

					<description><![CDATA[This post is based on a piece published on Mediatel earlier this month in support of a debate supported by Enreach. Disclosure: I am one of the Founders of Enreach. Ever since the first man clicked on the first ever online ad, and the first blogger penned the first essay on all that’s wrong with [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong><em>This post is based on a <a href="http://www.mediatel.co.uk/">piece</a> published on Mediatel earlier this month in support of a debate<a href="http://enreach.me"> supported by</a> Enreach.</em></strong></p>
<p><strong><em>Disclosure: I am one of the Founders of Enreach.</em></strong></p>
<p>Ever since the first man clicked on the first ever online ad, and the first blogger penned the first essay on all that’s wrong with everything digital, one question has under-pinned much of the discussion and debate. Who’s in charge?</p>
<p><span id="more-607"></span>It’s strange for a communications channel to consider such a question. In the past the answer was obvious: the people in control were the people owning, creating and transmitting the content. So, in the case of newspapers, the editor (and we might add often the proprietor). In TV, the broadcaster.</p>
<p>But of course in the digital world freedom of access rules; anyone can, at least in theory push a message out there to the masses with (for the most part) a minimum of interference, censorship, or editing.</p>
<p>From an advertising perspective there are a number of contenders for the title of ‘person in control’.</p>
<p>First up &#8211; the pat answer. Surely the consumer is in control? Up to a point; the consumer decides what he or she consumes, when, where and on what device, and so he or she is in a position of far greater influence than ever before. But controlling one’s own schedule is different from controlling what’s out there.</p>
<p>Regardless of the few hugely successful bloggers and vloggers, most consumer-generated content has limited appeal – limited that is to the creator and their immediate circle.</p>
<p>Then there’s our old friend the editor. The true democratisation of news hasn’t really happened. All of us can only absorb so much; the whole point of an editor we trust (and whose opinions chime with ours) is that they select, they curate, we consume. The premium online publishers of this world, the likes of ‘The Guardian’, ‘The Times’, ‘The Mail Online’, all seem to be flourishing in their own separate and individual ways.</p>
<p>Thankfully they show no signs of disappearing anytime soon.</p>
<p>The control over editorial content remains as it’s always been – with the editor. Certainly the readership has a much more direct influence (via on-site comments and social media) over the editor’s views and thus what makes it into the paper (in whatever form) than in the days of Letters to the Editor. But expressing an opinion, and hoping to influence others through the force of your opinions is not the same thing as being in control.</p>
<p>What about the ads that appear within these premium publishers? Who controls the data generated through commercial messages?</p>
<p>I would maintain that data ownership sits with the publisher, in much the same way that advertisers have always accepted that they merely ‘rent eyeballs’ from the publisher or broadcaster.</p>
<p>Advertisers borrow an audience generated by the editor and his writers; they don’t own it.</p>
<p>Once the audience to an ad leaves the publisher’s site to go to the advertiser’s own site then of course the balance shifts. Everything generated on that site belongs to the creator of that site, the advertiser.</p>
<p>What about the agencies? The issue here is that agencies don’t actually own the raw material. Certainly they own (or licence) the tech that analyses the data but they don’t own the data itself unless they start to aggregate it using their own systems, or unless they are themselves the publisher. In the latter case the agency is both buyer and seller, never a comfortable place to be.</p>
<p>The agency’s position seems to me to be rather like the old research agency dilemma. If Client A commissions Agency A to conduct a tracking study, then Client A owns the results emerging from that study. So far so obvious.</p>
<p>But if Agency A then creates a set of norms by aggregating the results of multiple tracking studies, conducted over a period of time for multiple clients, then (assuming Agency A doesn’t break any commercial confidentiality) surely Agency A owns that aggregated and normative data?</p>
<p>Whilst we’re on the issue of agencies and control, it becomes important to define terms. By ‘agency’ do we mean Mindshare, Carat, OMD, the7stars? Or Xaxis, Amnet, Annalect?</p>
<p>The first set are the creators and owners of the plans. The second are traders, and the creators and users of technology. Where does the control sit? Do the plans dictate the buys; or do the buys shape the plans?</p>
<p>One thing’s for sure – whoever is in control we are living in an age of unimaginable quantities of data. Quite how much of this is quality data, of real use to our customers’ businesses is another matter. Sometimes we get carried away with the sheer volume of what we can access, at the expense of what it all means and why or indeed if it all matters.</p>
<p>Insight and data are not the same thing.</p>
<p>It is up to us, on all sides of the industry to ensure that we turn the enormous opportunity created by the digital eco-system into benefits for our customers; be they publishers, readers, or advertisers.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Contracts and Enquiries; Rebates and Dark Pools</title>
		<link>https://www.bjanda.com/blog/contracts-and-enquiries-rebates-and-dark-pools/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 Jun 2015 14:49:39 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=604</guid>

					<description><![CDATA[And so the play continues towards the endgame. With some unimaginably large percentage of US/global media spending up for review the week has brought new revelations around what is fast moving from being an arcane discussion into something close to front page news. First up, a story has emerged that two unidentified US ad tech [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>And so the play continues towards the endgame. With some unimaginably large percentage of US/global media spending up for review the week has brought new revelations around what is fast moving from being an arcane discussion into something close to front page news.</p>
<p><span id="more-604"></span>First up, a <a href="http://adage.com/article/agency-news/havas-contract/298979/">story</a> has emerged that two unidentified US ad tech sales vendors have broken cover and spoken of terms of business between themselves and Havas.</p>
<p>Summarising, it seems that the US vendors were told they needed to pay fees to a Spanish entity, owned by Havas “based on the amount of business Havas Media did with the vendors”. These fees would secure “planning services”. One of the vendors has suggested no such services were ever delivered. Havas has denied that any of this has anything to do with rebates and is all a matter of badly worded clauses.</p>
<p>No-one has yet explained exactly what planning services a Spanish entity could be expected to supply to US ad tech vendors. But maybe there are such services, and maybe they’re truly valuable to the vendors.</p>
<p>But if that was the case, and this was all an open business transaction of value to the vendor then why go anonymously to the press?</p>
<p>Let’s set aside the detail for a moment and delve back in time.</p>
<p>When the French passed Loi Sapin back in the 1990’s, media agency profits plummeted. This law made broking impossible, as each order for media space had to be authorised by the client concerned. The notion was – all space had to be bought on the client’s instruction.</p>
<p>The media agency fraternity came up with the idea of selling ‘research projects’ to media vendors. These were amongst the most expensive research projects ever commissioned, as of course they existed only to allow the agency to collect rebates and kick-backs but through another route.</p>
<p>There was certainly at least one occasion when one agency issued an instruction that these ‘research reports’ had to look substantial, so that should any authority go poking around there would never be any question that the media vendor was genuinely buying research of immense value – or at least something worth the inordinate amount ‘paid’ for it.</p>
<p>The rebate that never was, and is in fact a payment for a service supplied is an old trick.</p>
<p>Such tricks, old or otherwise will no doubt be at the front of mind of whoever gets to conduct the <a href="http://adage.com/article/cmo-strategy/ana-issues-rfp-consultant-investigate-media-rebates/299102/?utm_source=daily_email&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1435200100">ANA’s consultancy</a> enquiry into rebates and related matters, announced this week. The RFP states the enquiry will also explore: “barter, arbitrage, &#8216;dark pools&#8217; (or inventory sourced from a variety of processes and re-sold to clients), agency trading desks, and global inventory management/swaps…Holding companies have the scope and complexity to perpetuate transparency issues”</p>
<p>Good for the ANA. What is needed is an objective look into this whole matter. It’s only then that trust can start to be rebuilt between media agencies and their clients.</p>
<p>Meantime back in the ‘don’t let’s forget whose money this is’ department comes news from a loyal Cog Blog reader in a land faraway.</p>
<p>This reader has been sent, by an advertiser the terms of a contract between the advertiser and his agency. I paraphrase but here is a verbatim extract:</p>
<p>“Client may appoint any internationally recognized financial audit firms including but not limited to Deloitte, KPMG, Ernest &amp; Young, Price Waterhouse Coopers, for the purposes of the audit of Basic Services as per this Agreement.</p>
<p>Audit firms who are only into media audit services will not be considered.</p>
<p>Client shall consult {AGENCY} before the final appointment of the auditors.</p>
<p>Audit as mentioned here is restricted to process audit only. The audit shall take place only at the office of {AGENCY}. The frequency of such audit shall be no more than once a year.</p>
<p>The auditor will be required by {AGENCY} to sign a nondisclosure agreement (NDA) prior to participating in any such audit and shall not be permitted to share any confidential information with Client”.</p>
<p>So – the agency gets to veto the auditor; and refuses to allow a media audit. And will not allow any confidential information to be shared with the client.</p>
<p>What was it Sir Martin Sorrell said at <a href="http://www.bjanda.com/blog/sir-martin-sorrell-and-google-the-gorilla/">AdWeek in London in April 2014</a>? Ah yes: “There has to be somebody who has to evaluate the amount they [clients] spend and where they spend it”.</p>
<p>And GroupM’s Irwin Gotlieb in <a href="http://adage.com/article/agency-news/groiupm-chairman-media-agencies-agents/298294/?utm_source=mediaworks&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1430858728">AdAge this April</a>: “When we talk to our staff, we remind them constantly that they&#8217;re acting in the best interests of their clients”.</p>
<p>I’m sure you saw this coming but the agency laying down the law on auditors is a GroupM shop.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Pitch Mania Part Two</title>
		<link>https://www.bjanda.com/blog/pitch-mania-part-two/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Jun 2015 08:38:32 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=599</guid>

					<description><![CDATA[A couple of weeks ago we reported on the epidemic of media pitches sweeping across the business. If there’s one thing that’s guaranteed to invoke something close to hysteria amongst advertising journalists it’s new business pitches, so you can well imagine the excitement levels, at least in the US. There has been much speculation as [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A couple of weeks ago we <a href="http://www.bjanda.com/blog/pitch-mania/">reported</a> on the epidemic of media pitches sweeping across the business. If there’s one thing that’s guaranteed to invoke something close to hysteria amongst advertising journalists it’s new business pitches, so you can well imagine the excitement levels, at least in the US.</p>
<p><span id="more-599"></span>There has been much speculation as to why there are so many pitches, all at once. Consultants, agency CEO’s, and journalists have very largely put this down to one of two things – mandatory reviews, undertaken as a matter of course by many large companies after a defined number of years; or a sudden realisation that the world has changed and ‘it’s about time we took a look at all this inter-web stuff I keep hearing about’.</p>
<p>I don’t think this is the complete picture. How come there are so many pitches, happening now?</p>
<p>Of course some will be mandatory reviews – although for there to be so many all at once is unprecedented. And yes the world has changed, although that hasn’t just happened over the last couple of months.</p>
<p>Then there’s the question of whether wholesale change will make much of a difference.</p>
<p>They hate to hear it, but most large networked agencies are pretty similar. Change the logo on the charts and it’s quite hard to tell one from the other. So if Agency A is a big loser and Agency B a big winner, will anything much change? Hardly, especially in this part of the world, where the TUPE laws mean that many of those working on the pitching account will simply pack their bags at Agency A one Friday and show up to start work, on the same account at Agency B on the Monday morning.</p>
<p>Although they’re pretty similar, most large network agencies are also highly competent. They all know about digital this, and native that.</p>
<p>So – from an advertiser’s perspective, why change, when change is disruptive, and expensive?</p>
<p>I suspect there may be two further reasons for the review bonanza.</p>
<p>First, clients are fed up with having certain terms dictated to them by their agencies. Terms that often deliberately obfuscate, have been designed to confuse, and are regularly opaque.</p>
<p>When you’re fed up you try to renegotiate. If the agency, during one of what are ever-more frequent lapses of memory that lead them to forget whose money this is, and for whose benefit they’re spending it, won’t move on transparency, or kick-backs, or value banks, or agency deals or technology taxes, or whatever it is, then you threaten to take your ball away. You call a pitch.</p>
<p>Second, there are signs that advertisers may have fallen out of love with the ‘we can do anything’ culture that exists in so many media agencies. This long ago stopped being a desirable attribute and became nothing more than a rather tawdry attempt to upsell services outside of the agency’s core competence.</p>
<p>Coca-Cola’s inclusion of Ogilvy on their strategic media planning shortlist (which brings back memories from the 1990’s when Coke gave a series of creative advertising assignments to Creative Artists, a talent agency, to much squawking from the ad agency community) is by far the most innovative and interesting element of this pitch bonanza.</p>
<p>It conjures up one solution to the issue raised by many, including <a href="http://www.bjanda.com/blog/deal-or-no-deal/">Jon Mandel</a> in the USA, and the <a href="http://www.bjanda.com/blog/new-year-old-deals/">Cog Blog</a> here; the issue that too often the agency buys what’s best for the agency, as opposed to what’s best for the client.</p>
<p>If you suspect that the buys have started to drive the plans, then why not put the planning somewhere else?</p>
<p>Finally, when the dust has settled will things look pretty well the same? They might, of course. Omnicom might win; WPP might lose; or the other way around. The music stops and everything just moves around a little.</p>
<p>But I suspect not. I suspect some smaller independent agencies, with planning and buying transparency at the very heart of what they do will win. I suspect the huge agencies will, net, lose assignments. And I suspect one or two new models, involving players from outside the media agency holding units will emerge.</p>
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		<title>Coca-Cola and Connections</title>
		<link>https://www.bjanda.com/blog/coca-cola-and-connections/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 03 Jun 2015 07:14:44 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=596</guid>

					<description><![CDATA[Following hot on the heels of the flood of media agency pitches featured earlier this week in The Cog Blog comes the news that two WPP operating companies have made the short-list for the strategic planning component of the Coca-Cola US media account. One is MediaCom, the other is not Mindshare, nor is it MEC, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Following hot on the heels of the flood of media agency pitches featured earlier this week in <a href="http://www.bjanda.com/blog/pitch-mania/">The Cog Blog</a> comes the news that two WPP operating companies have made the short-list for the strategic planning component of the Coca-Cola US media account. One is MediaCom, the other is not Mindshare, nor is it MEC, nor Maxus – but Ogilvy.<span id="more-596"></span></p>
<p><a href="http://adage.com/article/agency-news/creative-agency-makes-shortlist-coke-media-review/298845/">According to AdAge</a>, Ogilvy has been shortlisted for what Coke call their ‘Connections’ assignment. This is I imagine what most of the rest of us would call strategic communications planning; the bit that sits happiest alongside a close knowledge of the creative process; and the bit that media agencies love to talk about in the trades and on conference platforms.</p>
<p>Clearly all the rhetoric hasn’t entirely convinced Coke – who have decided to add a creative agency to the US media shortlist.</p>
<p>There are several interesting things here.</p>
<p>First – Ogilvy, like many other ad agencies boast many excellent account planners. By definition their skills would seem to be highly relevant to advertisers seeking a modern, creatively driven strategic approach to their communications planning. The pitch process will unearth just how relevant.</p>
<p>Plus, Coke is also conducting a global review, in which Ogilvy (a Coke roster agency) is participating as a creative shop.</p>
<p>Second – why not? The media agencies have for years spun the story that they can create along with the best of their ad agency siblings. Why shouldn’t a creative agency do the same in reverse and propose a service based around their in-house skills?</p>
<p>Third – <a href="http://www.bjanda.com/blog/time-to-blow-the-whistle/">The Cog Blog</a> along with many other commentators have pointed to the current unfortunate, not to mention less-than-honest practice of having traders dictate planning decisions by doing what’s best for their business as opposed to recommending what’s best for their clients. One way out of that hole is to take the responsibility for the strategic planning away from those connected to the traders.</p>
<p>Fourth – the Coke spokesman is Ivan Pollard; a media man and planner of considerable reputation and skill who moved client-side comparatively recently. He knows what he’s doing, and what he’s doing (to quote him directly) is “…not only reviewing our agencies but also our agency model.&#8221;</p>
<p>Fifth – Coke is a leader client. Others follow their lead. Some years ago Coke was in the news as they introduced a new agency payment model, subsequently copied by many. Expect others to follow this lead.</p>
<p>Sixth – as <a href="http://adage.com/article/agency-news/creative-agency-makes-shortlist-coke-media-review/298845/">AdAge pointed out</a>, Coke for one would seem prepared to pay for strategic planning (one in the eye for all those agency CEO’s who moan that clients won’t pay for the planning part of what they do, so who can blame them if they have to make their fees up in other rather less transparent ways?)</p>
<p>Next – Carat (the US incumbent) is not participating. Coke is a prize client; so why would you not want to compete unless of course you had been advised that certain conditions were in place that might make it difficult for you to win?</p>
<p>Finally – Ogilvy will compete against WPP sibling MediaCom as well as Mediavest and maybe some others, which should lead to a few interesting conversations within WPP.</p>
<p>I have two predictions. Others will follow this Coke initiative and look outside the traditional media agency structures for aspects of their media assignments. And the large media agencies will be the losers in these giant reviews as clients seek more genuinely innovative strategic advice and more transparent behaviours.</p>
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		<title>Pitch Mania</title>
		<link>https://www.bjanda.com/blog/pitch-mania/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 01 Jun 2015 11:17:34 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=592</guid>

					<description><![CDATA[Something very strange is happening. Pretty well every large advertiser you’ve heard of has put its media account up for review over the last few weeks. According to AdAge, the list includes General Mills; Sony; 21st Century Fox; Procter and Gamble; Unilever; Coca-Cola; Volkswagen; Johnson and Johnson; L’Oreal.  There may very well be some I’ve [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Something very strange is happening. Pretty well every large advertiser you’ve heard of has put its media account up for review over the last few weeks. According to AdAge, the list includes General Mills; Sony; 21<sup>st</sup> Century Fox; Procter and Gamble; Unilever; Coca-Cola; Volkswagen; Johnson and Johnson; L’Oreal.  There may very well be some I’ve missed.</p>
<p><span id="more-592"></span>This is not I feel a coincidence. We are not talking about those small, less-sophisticated advertisers many of whose main driver is to reduce costs. That’s not to suggest that even the largest aren’t interested in a better deal, it’s just that the big guys understand the value of great plans and the benefits of data management and put factors like these alongside straight cost.</p>
<p>Agency managers have been quick to herald this flood of pitches as proof positive that advertisers have finally recognised what they (the agencies) have been preaching for years. Their future-gazing is they say finally coming to pass. This they contend is the dawn of a new model, based around integration, joined-up thinking, big data analytics and the rest.</p>
<p>I&#8217;m afraid this is self-delusion, writ large.</p>
<p>I suspect this flood of pitches is about a new model, but I doubt it’s being driven by agency far-sightedness.</p>
<p>My suspicion is that this has come about as a result of our old friend ‘transparency’, along with his mate fraud.</p>
<p>I spend a fair bit of time with large advertisers. Indeed I was invited to speak to a WFA group some months ago about agency models. After my remarks I was approached by several large players wishing to speak to me one-on-one.</p>
<p>The general message was: ‘We have been with our agency for many years (by ‘agency’ they mean Mindshare/Mediacom/Starcom/Carat etc) and we love them. They do great work. But we are not happy at all with their digital trading desks (by which they mean Xaxis/Amnet/Vivaki/Annalect and the like). Our agency contacts are equally unhappy with their trading colleagues; but they seem unable to do anything about their behaviour. What should we do?’</p>
<p>Since then we’ve had the <a href="http://www.bjanda.com/blog/deal-or-no-deal/">Jon Mandel</a> revelations in the USA; as well as the thoughts of the analyst Brian Wiesler. Wiesler has <a href="http://www.mediapost.com/publications/article/250647/record-media-account-reviews-fall-out-from-the-re.html?edition=83166&amp;utm_content=buffer89339&amp;utm_medium=social&amp;utm_source=linkedin.com&amp;utm_campaign=buffer">already commented</a> on the pitch flood as justification for his decision to advise his clients not to invest in the holding companies.</p>
<p>The stakes have been raised – the holding companies, who (and this has to be a guess as they don’t publish financials by operating division) make disproportionately more margin from their media operations than from anywhere else, are under pressure from their advertisers to act. The dilemma is how to do so without killing the goose responsible for all those lovely golden eggs.</p>
<p>Well, now the advertisers have spoken. If as an advertiser you’re told that your partner agency is unable to interfere in trading matters for contractual reasons, then what do you do? You change the contract.</p>
<p>And if your friendly partner holding company isn’t happy about doing that, and tells the middle managers at the client that they’re not prepared to negotiate, then your best bet is to remind them who’s money this is and call a pitch.</p>
<p>Of course these pitches could all be the most extraordinary set of coincidences. But like <a href="http://adcontrarian.blogspot.co.uk/2015/06/suddenly-13-billion-in-media-reviews.html#disqus_thread">Bob Hoffman, the Adcontrarian</a> I don’t believe in coincidences.</p>
<p>The interesting thing to watch over the coming weeks will be to see who wins. After all, if all the holding companies are up to the same tricks within their media operations, then it’s a fair bet that the winners will be those prepared to offer up a new model – one based on fairness and full transparency.</p>
<p>And wouldn’t that be a thing?</p>
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		<title>Aegis and John Brown</title>
		<link>https://www.bjanda.com/blog/aegis-and-john-brown/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 26 May 2015 09:34:59 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=590</guid>

					<description><![CDATA[Creating content is easy (just look at LinkedIn, or the majority of blogs). Creating content anyone except the author considers remotely interesting and worthy of being read is quite another thing. The other day Dentsu Aegis announced it had acquired the customer magazine business John Brown. This is interesting for a number of reasons – [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Creating content is easy (just look at LinkedIn, or the majority of blogs). Creating content anyone except the author considers remotely interesting and worthy of being read is quite another thing.</p>
<p><span id="more-590"></span>The other day Dentsu Aegis announced it had acquired the customer magazine business John Brown. This is interesting for a number of reasons – not least because the John Brown business is it seems being positioned as a part of iProspect, the Aegis digital business.</p>
<p>Marketing services holding companies have bought customer publishing businesses before. Publicis owns Blueprint; WPP has owned Forward (along with a host of digital content specialists) since 2001. But what’s interesting about the new Aegis/John Brown set up is that it has emerged from a media agency, as opposed to from one of Dentsu’s creative shops.</p>
<p>Neither Blueprint nor Forward claim any close connection with Vivaki or GroupM. Both it seems are happy to be seen to lean towards the creative side. Both are strongly independent.</p>
<p>The Aegis initiative is it seems to me smart. On the one hand, Aegis doesn’t have content creation at its heart. Perhaps unusually amongst his peers, Ben Wood of iProspect has acknowledged that fact and so has looked outside for an acquisition.</p>
<p>Andrew Hirsch, of John Brown would I suspect admit a weakness when it comes to turning magazine content into digital form. He’s certainly not alone in this – many of the traditional customer publishing businesses have struggled when it comes to translating a physical paper format into something engaging on-screen.</p>
<p>Furthermore many of the brands that form the backbone of the customer publishing business are well served by paper. Think of in-flight magazines, supermarket titles crammed with cut-out-and-keep recipes and ideas as well as money-saving coupons, and car magazines that embody their owner’s brand attributes through beautiful photography and well-crafted copy.</p>
<p>Certainly these and others can and often do exist highly satisfactorily in a digital format – but the ‘lead medium’ is often a physical thing that is then translated into something digital.</p>
<p>iProspect’s businesses on the other hand are by definition digital through and through. They know better than most how to use digital channels to drive action and effect.</p>
<p>It’s refreshing that Aegis and John Brown have both admitted their weaknesses, which should mean that they can work well together in a way that benefits their respective clients.</p>
<p>Other media agencies seem to think they can do everything in-house, and that ‘all’ they need to do is buy-in the appropriate talent. If you were a feature writer wouldn’t you rather work somewhere that encourages and develops your talent for what it is, as opposed to somewhere that sees you as a churner-out of content that can be used as part of a deal to drive a lower price from a channel provider?</p>
<p>I would sound one note of caution. Many years back Aegis acquired a US-based marketing science business called MMA. MMA was/is US-centric; Aegis tried to extend its footprint by basing MMA-branded outposts within Carat. The body unfortunately rejected the transplant – on the basis that the Carat research teams back in those days considered themselves more than capable of delivering an equally impressive marketing science product (which they weren’t).</p>
<p>Something similar happened when Aegis acquired the research business that became Synovate. It failed to find synergies between the media and research businesses and finished up selling to IPSOS.</p>
<p>The John Brown acquisition could very well give Aegis’ media businesses a real edge, as long as the host agency values what it’s got and doesn’t try to interfere in matters where it lacks expertise and experience.</p>
<p>This is all about mindset, and mutual respect. If the Aegis opcos can get those right then the vision can take flight.</p>
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		<title>Short Break</title>
		<link>https://www.bjanda.com/blog/short-break-2/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 18 May 2015 09:03:05 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=587</guid>

					<description><![CDATA[No Cog Blog post this week as we&#8217;re away on a short break. Normal service will be resumed next week.]]></description>
										<content:encoded><![CDATA[<p>No Cog Blog post this week as we&#8217;re away on a short break. Normal service will be resumed next week.</p>
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		<title>Election Lessons</title>
		<link>https://www.bjanda.com/blog/election-lessons/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 11 May 2015 08:49:29 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=583</guid>

					<description><![CDATA[Well, that all went horribly wrong. I mean of course my predictions on the UK General Election; far be for me to impose my own political leanings on anyone. What can the media world learn from last week’s election result? Here’s my take on it. Newspapers still matter. Everyone assumed this was going to be [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Well, that all went horribly wrong. I mean of course my predictions on the UK General Election; far be for me to impose my own political leanings on anyone.</p>
<p><span id="more-583"></span>What can the media world learn from last week’s election result? Here’s my take on it.</p>
<ol>
<li>Newspapers still matter.</li>
</ol>
<p>Everyone assumed this was going to be a close election. As it turned out the Conservatives won an overall majority, a result that was predicted by virtually nobody, but which was the much-stated desired outcome of around 75% of the UK newspaper industry.</p>
<p>The consensus is that newspapers can’t persuade people to vote in any way other than the way they intended anyway, but it’s hard to escape the conclusion that weeks and weeks of battering away at what they (or 75% of them) saw as Ed Miliband’s shortcomings had some effect.</p>
<p>What’s rather more interesting is that the party strategists themselves obviously still believe in the power of newspapers.</p>
<p>It’s the newspapers that set the agenda, subsequently picked up in the radio and the TV coverage.</p>
<ol start="2">
<li>The BBC was remarkably unbiased.</li>
</ol>
<p>I got most of my election news from the BBC. It’s impressive the lengths the Corporation goes to in remaining balanced.</p>
<p>As proof of this beyond mere observation – I have as many examples of my left wing friends working themselves up into a frenzy at the BBC’s right-wing bias as I do of my Conservative friends accusing the whole organisation of pinko, liberal left-leaning sympathies.</p>
<p>Perfectly balanced – a chip on each shoulder.</p>
<ol start="3">
<li>Social media had a limited impact.</li>
</ol>
<p>I was going to write ‘zero impact’ but that seemed a trifle harsh, even if that’s what much of the evidence suggests.</p>
<p>One firm of analysts stated that ‘Labour won Twitter’. That means nothing; Twitter unlike newspapers has no editorial view, it’s merely a forum for the views of those who bother to use it.</p>
<p>The fact is that in much the same way that we select newspapers that reflect our own views, so we tend to mix online with those who, as a group tend to share our opinions.</p>
<p>As a result our own timelines, or Twitter threads give us the mistaken impression that everyone agrees with us.</p>
<p>In fact we’re effectively filtering out those views we don’t want to engage with and convincing ourselves that those we do engage with are in some way representative of a groundswell of opinion across the country as a whole. They’re not.</p>
<p>Rather, we’re for the most part talking to and hearing from a close approximation of ourselves.</p>
<ol start="4">
<li>Opinion polls are rubbish.</li>
</ol>
<p>I believe there were 91 opinion polls published over the course of the campaign. I haven’t myself been through them all, but I understand 90 were wrong.</p>
<p>There was one large exit poll, and that was spot on.</p>
<p>It’s far easier to ask people what they&#8217;ve done as opposed to what they might do.</p>
<ol start="5">
<li>The power of story-telling.</li>
</ol>
<p>The Conservatives basically repeated two stories, over and over again.</p>
<ol>
<li>The last Labour administration wrecked the economy.</li>
<li>A future Labour Government would destroy the UK by cuddling up with the Scottish Nationalists.</li>
</ol>
<p>Labour dotted about all over the place, but they never satisfactorily managed to bury either of these two lies (sorry, stories). And don’t let’s forget they had five years to counter the first of these.</p>
<p>As a result of being consistent, of repeating the same things over and over again, a very large number of people believed the Conservatives.</p>
<p>So, five lessons:</p>
<ol>
<li>Traditional newspapers aren’t quite dead yet. There are certain messages best communicated through print.</li>
<li>We believe what we want to believe, regardless of the sum total of the actual content of what we’re consuming.</li>
<li>Social media forms aren’t much good at persuading anybody to do anything.</li>
<li>Market research that is based around future intent is more than likely going to mislead.</li>
<li>Be clear, be consistent, be loud.</li>
</ol>
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		<title>Election Time</title>
		<link>https://www.bjanda.com/blog/election-time/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 05 May 2015 07:58:08 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=575</guid>

					<description><![CDATA[Just in case you’re visiting from Mars, Thursday is UK General Election Day. Whoopee! Especially whoopee if you’re a newspaper; circulations generally go up during election campaigns. It will be fascinating to see, once the dust has settled how circulations of physical newspapers did this time when set against the same newspapers’ online performances. What’s [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Just in case you’re visiting from Mars, Thursday is UK General Election Day. Whoopee! Especially whoopee if you’re a newspaper; circulations generally go up during election campaigns. It will be fascinating to see, once the dust has settled how circulations of physical newspapers did this time when set against the same newspapers’ online performances.</p>
<p><span id="more-575"></span>What’s also fascinating is how newspapers genuinely think they can influence the electorate. It seems to be generally accepted that in the past the Murdoch titles, and in particular ‘The Sun’ has had an impact, albeit at a lower level than perhaps News UK journalists believe.</p>
<p>Certainly ‘The Sun’s’ famous 1992 headline ‘It’s The Sun Wot Won It’ was an over-claim. Indeed when he gave evidence to the Leveson Enquiry, Rupert Murdoch himself described the headline as “tasteless and wrong”, although if you happened to find yourself up in front of an enquiry examining press power and influence you might have been forgiven for saying something similar.</p>
<p class="hide-if-no-js"><a id="set-post-thumbnail" class="thickbox" title="Set featured image" href="http://www.bjanda.com/blog/wp-admin/media-upload.php?post_id=575&amp;type=image&amp;TB_iframe=1&amp;width=753&amp;height=444"><img loading="lazy" class="attachment-post-thumbnail" src="http://www.bjanda.com/blog/wp-content/uploads/2015/05/Its_The_Sun_Wot_Won_It.jpg" alt="It's_The_Sun_Wot_Won_It" width="266" height="346" /></a></p>
<p>People read newspapers that reflect their own prejudices, and so a newspaper telling you to do something you’re likely to have done anyway can hardly have been said to have had a dramatic effect on anything much.</p>
<p>The question in 2015 is what role will social media play in the result? A far greater one than ever before is the general view. And what role will newspapers play? It’s worth considering that whereas the UK press is largely right-leaning, and that those right-leaning titles have been conducting a particular vicious personal campaign against (Labour leader) Ed Miliband, Miliband’s personal ratings keep growing, and as I write the two main parties remain neck and neck.</p>
<p>Those on social media channels have called out the newspapers. ‘Facts’ have been checked, and found to be untrue; ‘letters of support’ from small businesses have been exposed as containing many names from organisations hardly qualifying as small businesses; one self-confessed fan of Ed Miliband has been targeted, exposed and bullied by a newspaper group worried sick that it might be losing its influence.</p>
<p>Here’s <a href="http://t.co/QmqiKwzZHl">a brilliant summary</a> from Peter Jukes of how the large majority of our newspapers have been behaving as they start to realise that the electorate is not quite as malleable as perhaps it once was.</p>
<p>How come our papers are so largely united in their adoration of the Conservatives?</p>
<p>First, Miliband has shown a healthy disregard for the old and far-too-close relationship between our political parties (of all shades) and newspaper proprietors. He has talked of placing an upper limit on media channel ownership, a move that would likely force Murdoch to sell a newspaper and which allegedly led Murdoch himself to visit News UK to berate his journalists for not doing enough to stop the possibility of a Labour win.</p>
<p>Miliband has also said he’ll implement the recommendations of the Leveson enquiry, a scenario one Editor described as ‘a disaster’, although many of the rest of us, the great unwashed think it&#8217;s rather a good idea.</p>
<p>Then there’s Labour’s campaign against our non-domiciled business leaders and their tax affairs (step forward several newspaper proprietors).</p>
<p>Finally, Miliband hasn’t played the game; he hasn’t danced attendance on the newspaper proprietors. As David Yelland, ex-Editor of ‘The Sun’ put it: “If (Miliband) is elected he will be the first PM for generations…to get into Downing Street knowing he owes no debts to any editor, any proprietor or any newspaper”. Furthermore they know it too.</p>
<p>But whilst around 75% of newspaper circulations lean right, Miliband’s ratings keep rising, and no party is clearly ahead.</p>
<p>When the analysts look back over the 2015 campaigns, special attention should be paid to the interview Miliband gave to the comedian, actor and activist Russell Brand that appeared on Brand’s YouTube channel.</p>
<p>The fact that Miliband met with Brand in the first place was predictably monstered by the right-wing press, but my suspicion is that this was a particularly shrewd move. After all, Brand is in effect a channel; his YouTube posts reach an audience of over a million (particularly) young people, many of whom feel disenfranchised from the entire political system, and who spurn traditional media forms.</p>
<p>But of course by giving him an interview, Miliband was tacitly accepting that he needed to step outside the magic circle of traditional newspapers to get his message across to one sector of the voting population; a move hardly likely to be applauded by those same traditional newspapers. Brand duly told his followers to vote Labour.</p>
<p>All Miliband was doing was using the right channel to reach the right people.</p>
<p>Finally, it’s predictions time:</p>
<p>1. Ed Miliband will form the next UK Government, with help from other parties.<br />
2. Many of our newspapers will perform a remarkable about-face as the truth dawns on them that the guy their constituents have just elected Prime Minister has promised to reduce the power and influence of those proprietors attempting to use their positions to unfairly influence the political process.<br />
3. The rest of us will realise that the days when newspaper proprietors controlled politicians via their apparent impact on voting patterns are past.</p>
<p>One more:</p>
<p>4. I am notoriously bad at predictions (although I did call the Scottish referendum vote exactly right). If I’m wrong this time this post will mysteriously auto-edit to end after the words ‘the right people.’</p>
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		<title>Rebates and Language</title>
		<link>https://www.bjanda.com/blog/rebates-and-language/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 30 Apr 2015 11:32:00 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=571</guid>

					<description><![CDATA[The robust exchange of views around agency rebates, kickbacks and the rest in the USA continues, with many of the main protagonists showing up at the ANA’s Advertising Financial Management Conference, which kicked off with a Transparency Town Hall (what?) at the weekend. AdAge headlined their first report ‘Advertisers and agencies far apart…’ and quoted [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The robust exchange of views around agency rebates, kickbacks and the rest in the USA continues, with many of the main protagonists showing up at the ANA’s Advertising Financial Management Conference, which kicked off with a Transparency Town Hall (what?) at the weekend.</p>
<p><a href="http://adage.com/article/agency-news/advertisers-agencies-remain-rebates/298257/">AdAge headlined their first report</a> ‘Advertisers and agencies far apart…’ and quoted Ana Jernestaal, Assistant VP &#8211; Finance for L&#8217;Oreal USA as follows: “We know [rebates] exist, but we&#8217;re sitting across the table from advertising agencies that are flatly denying it.”<span id="more-571"></span></p>
<p>There is much to discuss even in those 18 words. First, the quote comes from a financial person, not a marketing person. This in itself is interesting, as an illustration that the client conversation has moved from marketing into financial management. Second, the use of the word ‘rebate’; third the use of the word ‘advertising’.</p>
<p>As the debate intensifies and moves away from its natural home in marketing services, so less-informed departments begin to get involved. As someone once said, a little knowledge is a dangerous thing, especially if you’re an agency.</p>
<p>Some clarity is needed, beginning by accepting that the fundamental issue is less about whether rebates exist (of course they do), and more about what happens to them.</p>
<p>In short, the discussion should really be about transparency, as opposed to an arcane argument about how the media market-place works.</p>
<p>Further, the principles of fairness and transparency should work both ways. Certainly the agencies are guilty of not being clear and retaining sums from vendors that should be returned to those whose budgets generate them. But it’s also the case that advertisers have imposed conditions (like late payment terms) that may conceivably be slightly-less-than-totally-unacceptable in some circumstances but are not in any way reasonable given the commitments that need to be made to secure premium media inventory</p>
<p>The ANA also heard from the main man, Irwin Gotlieb, Chairman of GroupM. Irwin has been around even longer than me, which is saying something. He’s been ahead of almost every trend; in short he’s had a remarkable career. Significantly, Irwin cut his teeth on Procter and Gamble. Anyone lucky enough to have done that has ‘doing the best for the client’ as part of his DNA.</p>
<p>Of course we all know we all live in very different times – not least the short-term market-driven demands of the holding companies on operating units including the media agencies. But certain principles still pertain.</p>
<p>Key amongst those is doing the right thing by the client. As<a href="http://www.bjanda.com/blog/a-manifesto-for-the-media-agencies/"> earlier Cog Blogs</a> have said, over and over again, an important element in doing the right thing is the sanctity of the plan. Plans are written to drive the client’s business. There is no better example of how agencies put their own interests first than the practice of putting the buy ahead of the plan.</p>
<p>Or,<a href="http://adage.com/article/agency-news/groiupm-chairman-media-agencies-agents/298294/?utm_source=mediaworks&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1430858728"> as Irwin put it</a>: &#8220;I think at times we&#8217;ve stepped on each other a little bit. We&#8217;ve extracted results for ourselves on the back of someone else&#8217;s activity&#8230; And I think we do need to get better about that….When we talk to our staff, we remind them constantly that they&#8217;re acting in the best interests of their clients.”</p>
<p>In a sense the furore over what does or doesn’t happen in the US is less important than the agencies putting their global houses in order. GroupM in the US, for example must squirm at the activities of a GroupM agency in Australia, and to be fair they have acted on that situation, but misdemeanours keep popping up all over the place and in all sorts of agencies.</p>
<p>Given the scale, and sophistication of global advertisers, and the importance they put on professional behaviours and standards it is urgent that the holding companies start imposing similarly high standards on their buying operations.</p>
<p>They might start by stressing that the buyers job is to buy the plan. It’s not the planner’s role to justify a buy made to benefit the agency ahead of the client.</p>
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		<title>A Manifesto for the Media Agencies</title>
		<link>https://www.bjanda.com/blog/a-manifesto-for-the-media-agencies/</link>
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		<pubDate>Thu, 23 Apr 2015 09:55:58 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=568</guid>

					<description><![CDATA[It’s election time, which means it’s the season for manifestos. Last week’s Cog Blog post outlined many of the problems facing the media agencies; this week’s proposes some solutions. A sort-of manifesto for the media agencies. To recap the problem. Agencies pride themselves on their creative thinking which they marry with technology and analytics in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s election time, which means it’s the season for manifestos. <a href="http://www.bjanda.com/blog/time-to-blow-the-whistle/">Last week’s Cog Blog</a> post outlined many of the problems facing the media agencies; this week’s proposes some solutions. A sort-of manifesto for the media agencies.</p>
<p><span id="more-568"></span>To recap the problem. Agencies pride themselves on their creative thinking which they marry with technology and analytics in order to deliver plans that drive business. This is the bit we all read about in the trade press and in the award papers. It’s the bit agency CEO’s talk about, endlessly. But strangely, given how much the agencies themselves consider this work to be nothing short of business critical for their clients, these same agency CEO’s admit that they cannot persuade their clients to pay for it.</p>
<p>Then there’s the bit the agencies are less keen to discuss; their negotiation tactics – and in particular those tactics that end up benefiting them as well as/instead of their clients.</p>
<p>So – clients don’t pay for the bit that they should pay for; and the agencies make their money in a way that clients feel is unaudited, uncontrolled and could compromise their planning objectivity.</p>
<p>It’s easy to understand how we got here. Faced with a choice between a hard discussion with a client during which the agency is asked to justify the business benefit of all that planning; and a far easier conversation with a vendor in which the agency holds the whip hand and basically threatens withholding revenue unless certain benefits are forthcoming, which would you go for?</p>
<p>So – how to get out of this mess? Here are some actions the agencies can take to turn around an increasingly fraught relationship with their advertisers.</p>
<p>1. Realise that the current lack of trust runs so deep and is such a threat to their futures that no agency can change the game on its own. They need to rebuild trust in the entire sector; and to avoid accusations of grandstanding for competitive benefit. The big guys need to collaborate, via a moderator of some description rather as the UK creative agencies have done recently via their trade body to promote the business-building benefits of advertising.<br />
2. Accept past wrong-doing. The time has long past for attempted justifications and finger-pointing. It would be far more effective to propose a line in the sand, and to focus on moving forward.<br />
3. Guarantee total transparency – the client should be made fully aware of all discounts, rebates, kickbacks and the terms under which such benefits are paid or realised. That’s not to suggest that sometimes the agency isn’t allowed to benefit from its negotiating skills, but the client has to know what’s going on, and has to agree to it in full knowledge. The time for playing semantic games in contracts, and cloaking such contracts in gobbledegook has past.<br />
4. Make friends with the media auditors. It’s a foolish agency that sees the audit as a tool of the devil. Far smarter to co-operate, to explain all relevant background to the auditor, to agree on lessons learned, and to see the audit process as a genuine opportunity to engage with the client.<br />
5. With the auditor as your ally, the smart agency can drive inefficiencies out of the client system, leading to better results and a far more productive relationship all round. For example, many clients don’t appreciate the dis-benefit of late approvals, nor indeed do they always understand the impact of late payment terms on the agency’s operations. A strong relationship with the client’s media auditor (hired, don’t forget, by the client) can help.<br />
6. The agencies should change their internal attitude to added-value services. Far too often such add-ons as analytics, research, market modelling and the like are seen internally purely as revenue streams, not as a means to better plans. In fact planners are often unaware of the benefits of such services and far too frequently don’t include them in their thinking. Clients soon get tired of forever being upsold, a process they see for exactly what it is. Far better to sell the benefit of better and more informed plans to the client by integrating these services more fully into the planning process. The days of separating in order to charge more have long been replaced by the desire for integrated thinking and behaviours.<br />
7. At the same time, media agencies should build closer ties with those related services contracted by their clients, even if they’re ultimately owned by a competitive holding company. Clients will choose (as one example) a particular marketing science supplier for very good reasons. How arrogant is it to assume, from a position of some ignorance that the client will simply go ahead and switch to a supplier under the same ownership as the media agency? Build bridges that benefit the client; don’t assume that you have some God-given right to own every aspect of the relationship. Clients like those who make their lives easier, and collaborations between suppliers make their lives easier. And who knows, one day you might get the chance to pitch your marketing science credentials.<br />
8. Recognise that the strength of the client relationship lies with the planning agencies (by which I mean the Mindshare’s or the Carat’s of this world) and not with the trading organisations (Aegis Media, Amnet, GroupM, Xaxis). Kudos to both WPP/GroupM and Publicis/Vivaki for seeming to start to realise this. The plans must drive the buys. Central negotiating teams must refocus on delivering to plans, not on working so opaquely on driving benefits to the holding company. To be blunt, the planners work for the client; the buyers (just like any other internal group of specialists) work for the planners.<br />
9. Open up on fees. The agencies have to be prepared to explain what it costs to deliver the service they know the client needs. They must show their workings. They can and indeed should get creative with fees and bonuses. It’s easy, and foolish to give valuable added elements away for free (how valuable to the client can they be if they’re just given away?). It’s far better to justify their value to the client’s business.</p>
<p>The media agencies are only now starting to realise the depth of the hole they’re in. It’s time to stop digging; it’s time to start looking for the materials to build a ladder.</p>
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		<title>Time to Blow the Whistle</title>
		<link>https://www.bjanda.com/blog/time-to-blow-the-whistle/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 17 Apr 2015 09:42:13 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=565</guid>

					<description><![CDATA[It had to happen sooner or later. After weeks of negative stories around media agencies, rebates and the rest, many of which demonstrate that if you’re an agency it is indeed possible to shoot yourself in the foot whilst the foot in question is firmly lodged in your mouth, one or two rocks have been [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It had to happen sooner or later. After weeks of negative stories around media agencies, rebates and the rest, many of which demonstrate that if you’re an agency it is indeed possible to shoot yourself in the foot whilst the foot in question is firmly lodged in your mouth, one or two rocks have been lobbed back towards those doing the bashing.</p>
<p><span id="more-565"></span>First, in the US my fellow Mediabizblogger <a href="http://www.mediabizbloggers.com/media-biz-bloggers/Agency-Transparency-and-Evolved-Partnerships----Steve-Grubbs.html">Steve Grubbs</a> posted: “We need the ref to blow the whistle and call no more piling on the media agencies over business practices and cost transparency. Our industry loves a good public flogging every now and then, but enough already. You’d think that marketers were helpless little old ladies being swindled out of their life savings by those evil, conniving media agencies.”</p>
<p>Then Josh Krichefski, COO at MediaCom UK wrote in ‘Campaign’: “Any agency that recommends one channel over another for commercial gain is naïve. Our clients are well-informed and they scrutinise our plans and what those plans achieve.” I expect Josh is happy he has no responsibility for his agency’s Australian office <a href="http://mumbrella.com.au/mediacom-staff-forged-campaign-reports-to-clients-and-sold-discounted-tv-ads-given-to-them-by-media-owners-audit-reveals-279990">whose behaviour</a> he would no doubt describe as ‘naïve’.</p>
<p>It is easy to get carried away, and to accuse media agencies of every sin. Such an accusation is clearly factually inaccurate as those same agencies know full well that every sin has already been accounted for by client procurement officers. But the agencies seem intent on self-harm, if not self-destruction. Consider the following questions.</p>
<p>• Why is it acceptable for agencies to demand rebates generated by their clients’ budgets for themselves (interestingly a consultant with no particular axe to grind pointed out to me last week that the sales side of the business reports to him that agencies demanding unofficial rebates have never been more blatant in their demands)?</p>
<p>• Why is it alright to write a plan, and then to buy something else on the back of agency deals?</p>
<p>• Why is it acceptable to even try to write into clients’ contracts that the agency will not agree to any form of media audit?</p>
<p>• Why is it alright for a digital trading desk to buy from a business owned by its holding company, and then to refuse to reveal where it has spent its clients’ money?</p>
<p>Steve Grubbs argues that clients need to be responsible for looking after their own budgets. True – but if you hire a respectable media agency surely it’s not unreasonable to expect that the agency will provide you with unbiased advice? After all that’s what you’re paying them for, isn’t it?</p>
<p>Here’s what one advertiser quoted in ‘The Wall Street Journal’ had to say about online advertising fraud and unbiased advice on Monday last week: “If the entire industry knows fraud exists and plenty of companies claim they have technologies capable of addressing it, why does it persist? Mr. Rupczynski (from Kraft Foods) is among those who say members of the online ad supply chain pay lip-service to the problem but ultimately continue to ignore it because it suits their businesses to do so”.</p>
<p>Josh says his clients are well-informed and look carefully at every plan. This is a cynical defence. In effect he’s saying ‘we’ll get away with what we can, and hope we’re not spotted. And if we are accused of wrong-doing we’ll just blame the client for not being well-enough informed to stop us’.</p>
<p>There’s another defence, much in evidence at the moment. This involves a shake of the head, a wry smile and the words ‘it’s always been like this’. Even if agency deals have been around for many years they weren’t right then and they’re not right now. The fact that some dodgy practices have been around for years doesn’t make them OK. They don’t somehow mellow with age, and become acceptable. They’re not Johnny Rotten for goodness sake.</p>
<p>The truth is that no-one talked about such practices way back when, so they weren’t ever subjected to critical examination. Now they are. That’s the bloody internet for you!</p>
<p>One of the most damning recent criticisms of the agencies, and one that has largely gone unanswered, is that they bend plans to fit their own objectives. This is dishonest; and it betrays trust.</p>
<p>Furthermore, this lack of trust potentially damages the agency holding groups. This week, a well-respected US analyst, <a href="http://www.mediapost.com/publications/article/247748/wpp-and-publicis-groupe-stocks-continue-to-slide-a.html">Brian Wieser from Pivotal Research</a> downgraded his ratings for WPP, IPG, Omnicom and Publicis. Here’s what he said: “Rightly or wrongly, there is a growing perception among marketers that agencies have been misleading, transferring value associated with media volumes without clients’ full understanding or support… As&#8230;more specific allegations come to light, a drumbeat of negativity will build around the sector over the course of this year&#8230;.Given this risk, we’d recommend that investors move to the sidelines or exit the sector altogether while it all plays out.”</p>
<p>Investors duly reacted, and many of the stocks dipped. We’ll have to wait and see whether that dip is merely a short-term hiccup.</p>
<p>Then the Olympic Gold Medallist amongst bloggers, Bob Hoffman, the AdContrarian <a href="http://adcontrarian.blogspot.co.uk/">wrote this week</a>: “I know how hard and how diligently most people in the agency business work on behalf of their clients. I&#8217;ve seen the blood and I&#8217;ve felt the suffering. The online media industry is rotten to the core and a terrible discredit to our business”.</p>
<p>The fact is that the media agencies’ evolution is finely balanced. They could become pure trading businesses, admit that they’ll live by the kick-backs received from suppliers, and charge zero fees from their clients. In such a world clients would need to use the funds saved from agency fees to put internal or external controls in place to ensure that what is bought at least vaguely matches their business needs. In effect, clients would plan; agencies would simply trade.</p>
<p>The agencies would no longer need planners, researchers, analysts, strategists. They would need incredibly fast and responsive financial systems, rather like those described by Michael Lewis in his book ‘Flash Boys’. Think of what they would save in salaries, offices (the computers and the traders wouldn’t after all need to be in London) and general grief.</p>
<p>On the other hand they could continue their progress towards a consultancy model, which implies objectivity, a client-focus, and a return to a relationship built on trust.</p>
<p>Or they could try to do both, and put in place the controls to ensure that the plans drive the buys. In far too many cases this is not what happens at the moment, although it’s hardly a huge step to take.</p>
<p>Believe it or not many of us think that many people in media agencies do fine work, and genuinely add value to their clients’ businesses. It’s the few, the ‘what’s in it for me’ merchants who are poisoning the well. And they deserve the ref’s whistle, and the analyst’s yellow card.</p>
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		<title>Fish Wrappings and Pigeons</title>
		<link>https://www.bjanda.com/blog/fish-wrappings-and-pigeons/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 07 Apr 2015 08:18:41 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=560</guid>

					<description><![CDATA[Media researchers need to have thick skins, not to mention an ability to smile as yet another key stakeholder decides that the lessons of the past mean nothing, and that the time to chuck everything up in the air and recast the entire industry is NOW! The organisations that exist to deliver the media numbers [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Media researchers need to have thick skins, not to mention an ability to smile as yet another key stakeholder decides that the lessons of the past mean nothing, and that the time to chuck everything up in the air and recast the entire industry is NOW!</p>
<p><span id="more-560"></span>The organisations that exist to deliver the media numbers used to buy and sell space and time are an easy target. There is one key reason for this – they’ve been around for years. Rather than describe such an achievement as standing the test of time, far too many people in our industry merrily take pot shots at every available opportunity. How, they say, in these days of constant change and instant measures can something so old, so traditional be of any value?</p>
<p>Well, maybe we should start by celebrating the fact that we have developed an approach, the JIC (Joint Industry Committee) system that is envied and has been copied throughout the world.</p>
<p>The current UK industry media research contracts are worth somewhere around £50 million per year. That’s a remarkable number – but when you consider that this research is used to underpin about £11 billion in media trading the fact that under 0.5% of ad spend is allocated to measuring audiences in one shape or form represents excellent value for money.</p>
<p>The whole edifice is kept upright by surprisingly few people at our industry bodies, supported by largely unsung individuals in agencies, media owners, and some clients who spend unpaid hours in committees ensuring that the research remains relevant and representative.</p>
<p>This is hardly glamourous work (I speak as someone who spent a large amount of time in my younger days discussing the arcane details of TV audience measurement on behalf of the agencies with people far more qualified than me), but it is essential. Without a JIC the entire industry would spend unproductive hours arguing the merits of one individual vehicle’s research approach over another. Far better surely to set up and agree rules that apply to all from the start.</p>
<p>I started my career in media research, an area of the business populated by people with long memories (thank goodness). A few weeks ago I was invited to sit on a Mediatel panel discussing the future of industry research. One of my fellow panellists, Richard Marks made the excellent point that we need to separate the organisation of the research, from its implementation.</p>
<p>In other words, the way the research is done of course has to evolve to keep pace with the enormous structural changes taking place throughout the industry (something it has been doing); but that does not mean you have to throw the baby out with the bathwater.</p>
<p>The print industry seems in serious danger of <a href="http://www.campaignlive.co.uk/news/1303704/">doing just this</a> – as senior managers with little research knowledge impose themselves on those who know very well what they’re doing. ‘Let’s dump the NRS’ might make for good headlines, certainly far better than ‘Let’s very quietly reintroduce the NRS when we discover there’s no better way of reaching our goals’, but newspaper people of all people should know that good headlines are only tomorrow’s fish-wrappings.</p>
<p>It’s all a bit like the famous description used by local managers of their international agency colleagues as pigeons: they fly in, make a lot of noise, shit all over everything, then leave the locals to clear up the mess after they’ve left.</p>
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		<title>Big Data Fail</title>
		<link>https://www.bjanda.com/blog/big-data-fail/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 27 Mar 2015 10:37:51 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=554</guid>

					<description><![CDATA[Big data has failed me. Like every right-minded person I bought the argument that world peace would be achieved, or at least that my life would be immeasurably better as a result of all those clever algorithms. Yet somehow I am still bombarded by unimaginable crap every day – and this crap is not just [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Big data has failed me. Like every right-minded person I bought the argument that world peace would be achieved, or at least that my life would be immeasurably better as a result of all those clever algorithms. Yet somehow I am still bombarded by unimaginable crap every day – and this crap is not just annoying it is startlingly, professionally irrelevant.</p>
<p><span id="more-554"></span>Here is a selection of a few days’ worth of emails to me at Brian Jacobs and Associates. To be clear, these are all verbatims purportedly from named individuals (a big hello to Jane, Judith and Diane) and sent to my business, which is visible online, and not my private address which I do my best to keep hidden:</p>
<p>• “Telemarketing is one of the most cost effective methods of driving your sales forward, providing Brian Jacobs &amp; Associates Ltd with an impressive ROI”<br />
• “Compared to stamp prices, you can save substantially with franked mail”<br />
• “If any employees at Brian Jacobs &amp; Associates Ltd use a car on a regular basis for work, you could benefit from increased safety with Vehicle Tracking”<br />
• “Electronic Point of Sale (EPOS) systems are a modern day alternative to till systems, allowing you to quickly scan items and helping Brian Jacobs &amp; Associates Ltd to operate more efficiently with a touch screen device”<br />
• “If Brian Jacobs &amp; Associates Ltd doesn&#8217;t accept card payments you could be missing out on potential sales”<br />
• “Glad to know you&#8217;re on the market for plastic molds..”</p>
<p>All bar one of these (the last one, my personal favourite, if only for the use of the word ‘on’ coupled with the mis-spelling of ‘moulds’) come from the same address, compare@markethub.</p>
<p>For goodness sake, Markethub have you never heard of big data? Have you considered the ROI opportunities open to Markethub.com of using the simplest filters to work out that a) we like to think we know about telemarketing; b) that we are not a major user of post; c) that we do not have a nationwide sales team; and d) that we are not a retailer? Did no-one look at our website?</p>
<p>No, of course not because compare@markethub is an automated junk email generator spewing out irrelevant garbage every day to random addresses in the forlorn hope that some idiot somewhere will try to unsubscribe (as I did) and thus prove that there is a real person at the other end. No people are involved (surely?).</p>
<p>There is a serious point to be made here. We assume that just because the technology exists people will use it; and just because the theory sounds great it will work in practice.</p>
<p>Markethub may be a bunch of un-manned algorithms determined to drive me to the brink of insanity but someone has convinced someone else that theirs is a formula that works in some way or at some level; otherwise why bother? It may all be nonsense (I’m not going to make the same mistake twice and interact with their ‘offers’ in any way to find out), but it’s still nasty nonsense.</p>
<p>Furthermore it’s fully automated, programmatic (‘we have a way of targeting small businesses’) nasty nonsense, untouched by human hand. People can make mistakes but I would like to think that even the dimmest would improve Markethub.</p>
<p>Cut out the people at your peril is the message. Machines may be clever but they’re not that clever.</p>
<p>&nbsp;</p>
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		<title>Hack Attack</title>
		<link>https://www.bjanda.com/blog/hack-attack/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 19 Mar 2015 08:57:48 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=551</guid>

					<description><![CDATA[Sometimes the last people to realise that something is going on are the very people to whom the thing in question is happening. Or to put it another way, no amount of sticking your fingers in your ears and running around singing a merry tune to drown out the unpleasant news can make the unpleasant [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Sometimes the last people to realise that something is going on are the very people to whom the thing in question is happening. Or to put it another way, no amount of sticking your fingers in your ears and running around singing a merry tune to drown out the unpleasant news can make the unpleasant news go away.</p>
<p><span id="more-551"></span>So it was and is with the US ad industry’s denial that anything untoward is happening (and has ever happened) between the media agencies and the media vendors that could possibly lead to the agencies using client budgets to benefit them (the agencies) as opposed to the advertiser. And then up popped Jon Mandel, ex CEO of Mediacom in the USA.</p>
<p>Mandel’s comments at the ANA event a couple of weeks ago have put the cat amongst the pigeons. The flapping has indeed generated something of a mighty wind, and you suspect that no amount of ‘move along, there’s nothing to see here’ will work. Simply, now that one of America’s own has stood up and said ‘here’s what’s been going on’ things will never be the same again.</p>
<p>To make the point, this week &#8216;AdAge&#8217; ran an online poll on Mandel’s claims. 84% answered ‘yes’ to the question: “Do you believe that U.S. media agencies are receiving rebates from media sellers and vendors that they don&#8217;t disclose or pass on to clients?” 74% said they considered this to be unethical.</p>
<p>There are a few questions that the ‘nothing to see here’ brigade need to consider.</p>
<p>First, no-one questions that these practices happen in many, many non-US markets. No-one questions that the agencies have been the beneficiaries. Now, if a tactic works well for you in countries A, B and C wouldn’t you be tempted to try it in the biggest ad market of them all? Especially if someone at your holding company HQ is asking you why you can’t do what those smart people in countries A, B, and C do.</p>
<p>Next, US agencies have always been focussed more on the buy than the plan. Look at the upfront system, pretty well unique to the US which was designed to allow agencies to acquire limited premium TV inventory on what was originally three networks, and which inevitably involved agencies perming two from three. TV buys drove that system, not TV plans. The buy came first, which when you consider the complexity of the US TV market was not altogether surprising.</p>
<p>It’s a short step from there to making money on the buys.</p>
<p>Finally, why on earth would Jon Mandel make this up, and not just him but the people in agencies that he claims to have interviewed? And if what he had to say was so transparently rubbish why would the ANA give him a platform to say it? Never mind that the ANA has rowed back from suggesting that ‘every’ agency is up to no good (which is not what Jon said in the first place); never mind that Procter and Gamble said ‘we trust our agencies’ (subtext: if anyone tries this stuff with us, they’re toast); and never mind that GroupM came barrelling in to deny everything (no-one to my knowledge has accused them specifically of anything). The evidence points towards the fact that it is certainly not unknown for agencies to put buys that benefit them before plans designed to benefit their clients, and they shouldn’t do it.</p>
<p>In Nick Davies’ brilliant account of the News International (as then was) phone hacking scandal, ‘Hack Attack’, he tracks how the practice of phone hacking became endemic at ‘The News of the World’. There were many fine journalists there, but this underhand behaviour took hold and simply became the norm.</p>
<p>I was reminded of this when reading <a href="http://mumbrella.com.au/mediacom-staff-forged-campaign-reports-to-clients-and-sold-discounted-tv-ads-given-to-them-by-media-owners-audit-reveals-279990">Mumbrella’s account</a> of how the media agencies resell free spots via their value banks in Australia. Mediacom and Aegis were caught doing this, people lost their jobs and GroupM (to their credit) is investigating Mediacom. All that Mediacom’s, and Aegis’ staff were doing was something that has become the norm throughout much of the industry – and by no means just in Australia.</p>
<p>Those who followed the phone hacking scandal will recall that ‘The News of the World’s initial defence was that hacking was a tactic used only by a rogue journalist, Clive Goodman and that it was not common-place within the newsroom. Except it turns out that it was. Eventually ‘The News of the World’ closed; James Murdoch and (it seems likely) Rebekah Brooks were hauled off to the USA, whilst Andy Coulson (who had moved from being Editor at &#8216;The News of the World&#8217; to a role as David Cameron’s media spokesman) amongst others went to prison. News International’s bid for control of BSkyB (which would have been amongst the biggest media deals of all time) collapsed in the wake of the scandal.</p>
<p>The agencies need to clean up their act and fast to stop all the good work done by the majority being undermined by the greed of the few. As Warren Buffett said: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you&#8217;ll do things differently”.</p>
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		<title>Deal or No Deal</title>
		<link>https://www.bjanda.com/blog/deal-or-no-deal/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 09 Mar 2015 09:28:02 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=547</guid>

					<description><![CDATA[It’s been another few weeks of less-than glorious headlines for the media agency industry. In Australia, Aegis has admitted to negotiating so-called value banks from media owners, a practice brought to public attention by GroupM who decided to audit the operations of its subsidiary MediaCom once ‘anomalies’ in campaigns placed on behalf of three large [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s been another few weeks of less-than glorious headlines for the media agency industry. In Australia, Aegis has admitted to negotiating so-called value banks from media owners, a practice brought to public attention by GroupM who decided to audit the operations of its subsidiary MediaCom once ‘anomalies’ in campaigns placed on behalf of three large clients came to light.</p>
<p>In the USA, MediaCom’s ex-CEO, the respected Jon Mandel used a conference platform at the annual ANA event (the ANA is the US advertisers’ association) to claim that practices involving agencies making extra commissions via kick-backs and the like are common in the States.</p>
<p><span id="more-547"></span>This is all grist to the mill of those (me included) who believe that the media agencies operate a less-than-transparent business model, and that their future prosperity depends upon them changing this.</p>
<p>First – value banks. These work in different ways in different markets. In effect, the media give free inventory to the agencies to use in whatever way they see fit. Agencies can pass these along to their clients to reduce the overall cost of their campaigns, or they can use the free inventory as a cost regulator in pitches at the expense of existing clients, or they can sell the space and pocket the proceeds. Guess which is the least likely of these options.</p>
<p>Aegis’ Aussie CEO, Luke Littlefield said: “We have a partnership model with the media and we are all about mutual value creation.” By ‘we’ and ‘mutual’ he presumably meant agency and media owner.</p>
<p>The ANA platform comments of Jon Mandel made headlines because the American ad community has always assumed that these kick-backs, extra commissions and the rest are evils that only exist outside their borders.</p>
<p>The report in AdAge of Mandel’s speech included: “Media agencies aren&#8217;t living up to their fiduciary duties to clients and ‘cross the line of acceptable conduct in a partnership’. They are not transparent about their actions. They recommend or implement media that is off strategy or off target if it works for their financial gain.&#8221;</p>
<p>“Rebates, ‘kickbacks’ and other incentives for agencies that are at least potentially adverse to client interests, are happening virtually everywhere in the U.S. media landscape, including TV. The practice has migrated from cash incentives to free inventory&#8230;”</p>
<p>Cue Rob Norman, GroupM’s go-to guy when it comes to answering anyone daring to question the integrity of his organisation. Rob denied categorically that such activities happen within GroupM in the USA, although he admits they may happen elsewhere, albeit within the contractual arrangements that exist between agency and client.</p>
<p>GroupM are very good at waving the phrase ‘contractual arrangements’ around whenever they’re challenged about these matters. Of course no-one aside from the client can contradict them, an unlikely scenario. It is also only fair to point out that when MediaCom’s actions came to light in Australia it was reported that it was GroupM that called the audit. Mind you, better that than have a client auditor lift up the rock to see what came crawling out.</p>
<p>There are some interesting things to consider in Jon Mandel’s remarks, not least if his claims aren’t true why would he make them up?</p>
<p>Mandel made the point that agencies regularly put deals ahead of planning strategy. This is a topic we’ve covered <a href="http://www.bjanda.com/blog/new-year-old-deals/">here</a> many <a href="http://www.bjanda.com/blog/the-value-of-the-plan/">times</a>, and suggests that agencies benefit from allocating funds to one vendor over another.</p>
<p>Jon Mandel claims to have spoken to many current agency executives to help him arrive at his conclusions. I’ve done the same in the UK, and have found the same, including any number of planners who confirm that they are pressured to spend money in a certain way to benefit the agency as opposed to doing what they consider to be the best thing for their clients.</p>
<p>Then there is the whole value bank notion. This technique is commonly used by agencies – not only is it highly profitable, it’s virtually impossible for media auditors to spot. Free inventory of whatever complexion rarely finishes up fully benefiting those whose budgets allow it to be negotiated in the first place. The concept of agency deals (in other words deals done to benefit the agency over the client) even turns up in WPP’s annual report: “The Group receives volume rebates from certain suppliers for transactions entered into on behalf of clients”.</p>
<p>In effect Mandel is calling into question agencies’ objectivity, a stance that can be further compromised by taking equity positions in certain suppliers. Here is Rob’s answer to that one: “Clients are informed of our investments and can and do apply greater scrutiny to transactions with related parties”.</p>
<p>Really? How about when GroupM placed its 24/7 unit, an ad network into Xaxis thus placing the latter in a position of buying digital space from itself? As Xaxis famously won’t reveal to its clients where it spends its clients’ money how exactly could that ‘greater scrutiny’ be applied?</p>
<p>The fact is that agencies make money from their buying activities. I haven’t worked there for many years but I would be surprised if that was not the case in the USA. An element of discounts, rebates, free spots and the rest commonly stick to the sides on their way back to the client in many markets, and the client is normally not made aware of the extent of these deals. These activities do impact planning objectivity, and are one key reason why agencies aren’t trusted. As Rob Norman said: “The broader issue of trust in the supply chain is of significant interest”.</p>
<p>Indeed it is. If agencies are to have any kind off future they need to come clean; act transparently in their buys; and turn their negotiating skills to ensuring that they are properly paid for the work they do in planning.</p>
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		<title>An Industry Built on Lack of Interest</title>
		<link>https://www.bjanda.com/blog/an-industry-built-on-lack-of-interest/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 03 Mar 2015 12:43:56 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=545</guid>

					<description><![CDATA[I’ve said before that I fear for the media agency business. My issue is less around what used to be referred to as the planning side – there are plenty of excellent people creating loads of initiatives of value and relevance – and more to do with the execution of the plans, or (as they [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I’ve said before that I fear for the media agency business. My issue is less around what used to be referred to as the planning side – there are plenty of excellent people creating loads of initiatives of value and relevance – and more to do with the execution of the plans, or (as they used to be called) the buys. The fact is that clients increasingly don’t trust their agencies. How on earth did the agencies get into this pickle?</p>
<p><span id="more-545"></span>Here’s the problem. Ever since their beginnings, media agencies have talked of the money they can save their clients. If you could be a fly on the wall at an agency pitch you would notice the reaction when the issues of fees and media costs come up. Because agencies know this is both important, and well-understood the narrative becomes: here’s why and how we can buy better, and do the job for less than the next guy.</p>
<p>Yes of course the clever planning makes a good impression and many clients will admit to being wowed by the creative thinking on show, but once the showbiz pitch is over, and the hard talking begins, it’s all about price. Agencies think they’re good at this bit, after all they spend their lives negotiating for media, but the truth is they’re in a buyer’s market, talking to professional procurement people who generally run rings around them. Which is no doubt why agencies blame procurement people for the world’s ills.</p>
<p>In the past, agencies would feel confident that any ground given in fee negotiations in order to secure the business would be more than regained through unreturned rebates, value banks and the rest. They would feel, with good reason that once the deal was sealed and the procurement guys had retreated, once the day-to-day was back where it belonged with the marketing teams, they could get on with their deals and their kick-backs. Sure there would be the odd auditor presentation to be handled but such hiccups could be swatted away easily enough.</p>
<p>This may be reprehensible, but the property sale principle of ‘caveat emptor’ exists for a reason, based as it is on the fact that buyers generally have less information than the seller about the goods or services being sold.</p>
<p>Advertisers for many years showed very little interest in the media side of the advertising business. Few bothered to even try to understand how their money was being spent; it was rare for clients to attend training courses, or conferences. And when they did show up they would always be quick to stress that to most advertisers’ senior managements marketing occupies a small part of their daily lives; and media in all its forms a small part of the time allotted to marketing. This was all grist to the agency mill – after all if no-one important cared much then the opportunity was there to find new ways of making money without too much senior scrutiny.</p>
<p>But times have changed. Not least, the fact that the growth of digital communication channels in their many forms provides the means to connect consumers and indeed all sorts of other interested parties to senior management. Then there are those forward thinking advertisers who have hired ex-agency people who most certainly know their way around their old stomping grounds.</p>
<p>The old lack of interest point means there’s some catching up to be done on the client side. As clients started to learn more about how media agencies really make their money, and to close loopholes, future agency margin bets rested on the new frontier of digital communications. After all, here was something technical, complicated and full of new middle-men. Where there’s chaos there’s margin.</p>
<p>The problem is that as more and more digital horror stories concerning such as fraud, insufficient controls over placements, and the rest have emerged in the sort of newspapers read by CEO’s the agencies have found themselves on the back foot.</p>
<p>It’s an open secret that media agencies make far better margins than most of their front-line marketing services siblings. Those owned by one of the large conglomerates are under pressure to keep the holding company plane flying as other engines start to stutter. It’s hard to re-engineer the power source whilst at 39,000 feet.</p>
<p>It’s easy to sit here and say that agencies need to come clean, rebate all discounts and value pots in line with client spend, and make their money transparently and openly from fees. But that is what they need to do – they need to demonstrate the value of their plans, not just the cost of their buys.</p>
<p>With transparency can come savings. For one thing who needs large central trading organisations in an age of transparency?</p>
<p>As for clients, they need to play their part in arriving at what they will no doubt see as a desirable destination. That means insisting on a cleaning up of the abuses, but it also means paying fairly for truly valuable services.</p>
<p>If they try to do the one without the other then they’ve only themselves to blame if the game remains the same.</p>
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		<title>‘The Telegraph’, Chicken and Egg</title>
		<link>https://www.bjanda.com/blog/the-telegraph-chicken-and-egg/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 23 Feb 2015 12:04:36 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=541</guid>

					<description><![CDATA[The mighty row over at ‘The Telegraph’ ignited by the resignation of that well-respected journalist Peter Oborne has brought the relationship between advertising and editorial centre-stage, once again. For those Cog Blog readers unaware of our parochial media shenanigans, ‘The Telegraph’ is a respected broadsheet publisher that attracts a largely conservative readership for whom the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The mighty row over at ‘The Telegraph’ ignited by the resignation of that well-respected journalist Peter Oborne has brought the relationship between advertising and editorial centre-stage, once again.</p>
<p><span id="more-541"></span>For those Cog Blog readers unaware of our parochial media shenanigans, ‘The Telegraph’ is a respected broadsheet publisher that attracts a largely conservative readership for whom the paper’s mix of in-depth quality reporting and feature writing is appealing. Peter Oborne is a ‘name’ journalist, in part responsible for attracting readers to the newspaper and its digital variants.</p>
<p>Oborne resigned because he felt that his and his colleagues’ reporting of the current scandal around HSBC and tax avoiders/evaders was either ignored or at best down-graded by management on the back of threats from HSBC to withdraw its advertising.</p>
<p>We’ve been here before, and commented before, <a href="http://www.bjanda.com/blog/je-ne-suis-pas-digne-detre-charlie/">here</a> and <a href="http://www.bjanda.com/blog/mail-and-farewell/">here</a>, but it seems timely to restate what I see as the key principles again:</p>
<p>1. Editors are there to ensure that the newspaper first covers and second gives the right prominence to the right stories. It’s a shame that ‘The Telegraph’ appears not to have an overall Editor.<br />
2. Every other serious newspaper considered the HSBC tax avoidance story to be important. ‘The Telegraph’ it seems didn’t.<br />
3. According to Oborne, and it’s hard to know why he would make such a thing up, HSBC has brought pressure to bear on ‘The Telegraph’ not to write nasty things about them.<br />
4. No advertiser has any right to do that; and if they do the Editor and the paper’s management should tell them to disappear.<br />
5. HSBC has every right to advertise wherever they want. If any paper writes what they consider to be unfair or harmful things about them, thus turning their readers against them then they don’t have to advertise in the paper. Further, they can always sue the paper if they feel they’ve been libelled.<br />
6. By allegedly giving in to an advertiser and downgrading a news-story everyone else seems to think is important ‘The Telegraph’ will have diminished itself in the eyes of its readers.<br />
7. It seems more than likely that readership will drop, across all platforms.<br />
8. ‘The Telegraph’ will thus lose ad revenue.<br />
9. And all because ‘The Telegraph’ didn’t want to lose ad revenue.</p>
<p>Meantime, Sir Harold Evans, ex of ‘The Times’ and ‘The Sunday Times’ and one of our greatest ever newspaper editors makes an excellent point when he says that the coming of native advertising makes it even more important that Editors should have the final say over what goes in the newspaper.</p>
<p>To have it any other way starts to threaten the objectivity of the press, which is exactly why so many people read newspapers in the first place.</p>
<p>Advertisers buy audiences; less audience (in numbers or type) equals less money. It’s pretty simple really.</p>
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		<title>Vivaki Scores</title>
		<link>https://www.bjanda.com/blog/vivaki-scores/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 18 Feb 2015 08:55:53 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=538</guid>

					<description><![CDATA[The temptation to say ‘I told you so’ has been strong this week. I shall resist first because I don’t think you need to be a genius to see what is likely to happen to agency trading desks, although being old undoubtedly helps, and second because I’m quite sure that those of my old Leo [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The temptation to say <a href="http://www.bjanda.com/blog/the-future-for-trading-desks/">‘I told you so’</a> has been strong this week. I shall resist first because I don’t think you need to be a genius to see what is likely to happen to agency trading desks, although being old undoubtedly helps, and second because I’m quite sure that those of my old Leo Burnett colleagues who now form the top management at Vivaki don’t read my blog. And even if they do I am sure they ignore it completely.</p>
<p><span id="more-538"></span>The news that prompted this sudden attack of boastfulness on my part came at the end of last week when it was announced in Ad Age that Vivaki would move its online traders into their media agencies, Starcom, Mediavest, Zenith and (in the UK) Walker Media.</p>
<p>The rump that remains at Vivaki will now focus on ‘training, research and development, data management and analytics’ although ‘Media Week’ here replaced the word ‘training’ with the word ‘trading’ and thus no doubt confused a few people.</p>
<p>I never did understand the public point of separated trading desks. I fully understand the private point of them, namely to take part in the modern day gold-rush that is digital media placement, but of course in these days of objective planning we are not really supposed to talk about the planning agencies’ drive to push more and more of their clients’ budgets through their trading desks in order to improve their margins.</p>
<p>Talking of objective planning I listened in on an intriguing webinar organised by Millward Brown a few days ago. This was all about the digital media future, and featured participants from MB, Mediacom, and Xaxis. What I found intriguing was how the three speakers, chosen no doubt as an example of WPP unified thinking, simply ignored each other’s views. The Mediacom chap spoke about the benefits of contextual planning, including several erudite references to books and research papers on the importance of great content over platforms, whereas the Xaxis man simply showed a chart to illustrate the growing importance of programmatic buying. These two things (you wanted to yell at the screen) do not happily fit together.</p>
<p>Anyway, back at Vivaki Laura Desmond, Starcom’s CEO was waxing lyrical about the benefits of integration: “If you&#8217;re a marketer, do you want your programmatic decisions siloed and balkanized from everything else that you&#8217;re doing? No. You want it integrated.”</p>
<p>Indeed, and that has been the case for ages, surely. Laura’s recent Damascene conversion was rather diluted by the fact buried further down the Ad Age story that under the principle of Buggins’ turn: ‘Vivaki (is currently) under the control of….Laura Desmond and ZenithOptimedia Group CEO Steve King, with each getting a year at the helm on a rotating basis’.</p>
<p>Maybe Steve will be swayed by the public clamour swelling even now amongst the digiterati to return the much quoted and platformed Marco Bertozzi, Vivaki’s Head of Absolutely Everything to what is surely his rightful spot in the limelight when his turn at the wheel comes.</p>
<p>More seriously, it makes perfect sense to move digital traders into the planning agencies. Separating them is as daft as moving your agency’s TV buyers into a separate division (although some would say that the holding company deal structures created by GroupM and Opera amongst others have almost managed to do that).</p>
<p>Clients hire planning agencies – the likes of Starcom and Zenith. They quite rightly hold their planning agencies responsible for delivery, as well as for planning. So separating the digital traders, both physically and so often in P&amp;L terms too is not helpful.</p>
<p>When the trading desk either fails to deliver, or, more likely delivers something that suits them far better than the carefully crafted plan then the client gets upset. Who does he yell at? The planning agency. Can the agency do anything about it? Nope.</p>
<p>So – well done Vivaki for seeing sense. The others will follow, you’ll see. Then I may permit myself a boast or several.</p>
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		<title>Sticking to the Knitting</title>
		<link>https://www.bjanda.com/blog/sticking-to-the-knitting/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 10 Feb 2015 09:48:48 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=535</guid>

					<description><![CDATA[It was always said that everyone is an expert in two things: their own job, and advertising. Of course, everyone has an opinion, but at the same time it’s important to accept that opinions are one thing, actually doing it is something else. After all, it is rather disrespectful of any skill to suggest that [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It was always said that everyone is an expert in two things: their own job, and advertising. Of course, everyone has an opinion, but at the same time it’s important to accept that opinions are one thing, actually doing it is something else.</p>
<p><span id="more-535"></span>After all, it is rather disrespectful of any skill to suggest that ‘anyone’ can do it.</p>
<p>Yet that seems to be what happens these days. The reason is obvious; as advertisers seek ever-better value for money there is some logic in buying more services from a limited range of suppliers. The banks tried something similar a few years ago, upselling customers on all sorts of services they were singularly ill-equipped to provide. The customers didn’t really understand what they were being sold, and so they bought in large numbers on the basis of a trust in the existing relationship.</p>
<p>Remember when you used to trust your bank? That didn’t end too well.</p>
<p>Now the marketing services business is up to the same tricks as each element tries to add a new revenue string to its bow. Again, you can see why. Margins are tight, if an agency can drive more revenue through an existing resource, so much the better.</p>
<p>Let’s say that, as an advertiser you like the sound of market modelling and econometrics. You’ve never done such a thing before, and you don’t profess to know that much about it but you have a load of data and you keep reading you should derive some value from it.</p>
<p>Your media agency agrees that such an initiative would help them propose even better solutions as to how to spend your budgets. And – guess what? The agency has a marketing sciences division quite able to manage the task. The fact they’re in-house will help ensure that the process works smoothly, that all data is shared and all findings are actioned. And as a client the extra assignment will be done at an attractive price.</p>
<p>You don’t really understand the technical differences between the various options out there; you trust your existing relationship and so you go ahead with your media agency’s recommendation.</p>
<p>Often this goes wrong. Serious marketing science specialists (defined highly superficially as those with legions of smart people with PhD’s in something relevant) tell of the times they’ve been brought in to clean up after a non-specialist. Plus, clients find that agency-owned operations are surprisingly unwilling to say anything even remotely negative about their sibling agency’s plans. So maybe their objectivity isn’t quite what it might be.</p>
<p>Then there are research agencies who think it would be fun to be media planners. Again the logic is unbeatable – we have tons of insight into the client’s issues and brands, we like to see ourselves as trusted advisors, so who better to advise on such as channel choice, and spot length?</p>
<p>Millward Brown has for some time been a wannabe media planning specialist. They even went so far as to hire me to give them credibility in the topic – a sadly misplaced idea if ever there was one.</p>
<p>They’ve been very busy on LinkedIn of late (a cynic would say this must be some kind of corporate initiative – ‘get out there and talk about stuff we know’) including posting a piece subtitled ‘looking to optimise…your media plan’ containing this gem: “Shorter ads are generally less effective at communicating complex ideas, while longer ads are more likely to be described as interesting, involving, unique, or distinctive”.</p>
<p>Who would have thought it?</p>
<p>The fact that Millward Brown is setting out its stall as a media specialist (they’re hosting a series of webinars entitled: ‘are your brands well set to embrace the most important media trends?’) will no doubt lead to internecine warfare with the GroupM agencies (and playground cries of ‘you started it’). The media agencies already reckon, with some justification it must be said, that they can ‘do research’. Some of them have even been known to offer free research (or indeed free econometric analytics) in return for a planning and buying contract.</p>
<p>The fact is that if you want a complex tracking study few do it as well as Millward Brown. If you want econometrics there are many fine independent specialists to choose from. If you want media planning…well you get the idea.</p>
<p>Jacks of all trades are regularly masters of none. That’s something else many used to say.</p>
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		<title>Online Ad Fraud? Not a Problem</title>
		<link>https://www.bjanda.com/blog/online-ad-fraud-not-a-problem/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 04 Feb 2015 09:49:04 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=532</guid>

					<description><![CDATA[One of the issues I have with some of the more niche adtech experts out there is their lack of knowledge, or as it sometimes seems interest in the broader media, let alone advertising world. It’s fair enough to make the same criticism the other way around, although in my experience legacy media guys have [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>One of the issues I have with some of the more niche adtech experts out there is their lack of knowledge, or as it sometimes seems interest in the broader media, let alone advertising world. It’s fair enough to make the same criticism the other way around, although in my experience legacy media guys have shown an appetite to absorb as much as they can about new forms and techniques.</p>
<p><span id="more-532"></span>Last week those nice people at the ABC were good enough to invite me to their Interaction 2015 event. This was a mix of platform speeches and panel discussions on the broad topic of online trading. One of those who spoke was Louisa Wong, CCO at Amnet, the Aegis trading desk.</p>
<p>In the interests of full disclosure I used to work at Aegis; I don’t know and have never as far as I know met Ms Wong. I’m sure she is excellent at what she does; but I think if I were her I would lay off the public speaking for a bit. Although what follows is from memory I think I remember her main points well – they were certainly memorable.</p>
<p>Louisa followed two themes (if we forget the rather odd video of Kim Kardashian that popped up for no apparent reason mid-speech. Something to do with trust, I think). First she argued that online fraud is no big deal. The digital industry is she said spreading un-necessary doom and gloom amongst the advertiser community who really shouldn’t worry.</p>
<p>This was shortly followed by her second main point comparing digital measurement with the old media legacy systems. Or, as she put it: no-one worries about BARB data, so why should a little problem like online fraud worry anyone?</p>
<p>Let’s just unpick this a little. My apologies for using USA data from last May, and going to ‘The Wall Street Journal’ as a source, but hey, that’s what I had to hand, and even if the numbers will vary the scale is I suspect much the same.</p>
<p>• First 62% of all online traffic is seen only by bots.<br />
• Second 54% of paid-for display ads never ran where they were supposed to run.</p>
<p>Another stat used by the rather more articulate Caspar Schlickum from Xaxis, on the same platform was that when the FT tried to buy some of its own inventory as a test only 18% finished up in the actual FT.</p>
<p>So Ms Wong’s little problem is in fact quite big. To be fair she did make a good point in suggesting that all-purpose labels aren’t that helpful when it comes to trying to fix a multi-faceted problem.</p>
<p>But there is a fundamental difference between fraud and accuracy. One is about stealing money. The other is about providing accurate data.</p>
<p>It used to be commonplace for digital people to draw a comparison between what they described as the ultimate, measurable online world, and the old-hat legacy media measurements that relied on such (to them) old-fashioned and ludicrous concepts as samples. Nowadays, this sort of comparison is less common, in part I suspect as it has proved to be so easy to destroy the argument.</p>
<p>BARB is probably the most under-the-microscope, most checked, most monitored-for-quality survey out there. Even Ms Wong’s statement that ‘no-one comes knocking on a BARB respondent’s door to check if they’ve gone to the bathroom when the ads come on’ is not completely true. There have been a fair few observational studies by several researchers and organisations into TV viewing, plus a mass of work on how BARB respondents use the in-home measurement devices. I was even part of a team that interviewed panel members on their experiences (they were about to become ex-members) years ago.</p>
<p>And anyway BARB is all about providing confidence in the accuracy of the trading currency; it really has nothing to do with fraud.</p>
<p>Then there is the indisputable fact – and this should appeal to Ms Wong who was gaily throwing phrases like ‘advertisers’ objectives’ around – whatever she may see as weaknesses in its measurement system, TV advertising works, and there’s quite a body of work publicly available through bodies like the IPA to show how it works, and how various aspects of the measurement system can be employed to make it work better. It’s not so easy to find similar work relating to the online world.</p>
<p>Ms Wong even managed to get in the ‘half of my advertising is wasted’ quote, and then tried to link that to the not-very-big-deal-at-all issue of online ad fraud. The fact is fraud is fraud at the end of the day and telling advertisers it doesn’t really matter much is not going to win you many friends.</p>
<p>In any event, Ms Wong’s remarks were another example of the online media world placing itself in a huge silo from within which it is it seems unfortunately well insulated from the rest of the advertising world. It is very disappointing that so many digital experts seem to think that it is entirely reasonable to know so little about anything outside their bubble.</p>
<p>And that’s a pity given what all agree is a need for integrated thinking and behaviour.</p>
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		<title>New Year; Old Deals</title>
		<link>https://www.bjanda.com/blog/new-year-old-deals/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 30 Jan 2015 12:50:18 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=527</guid>

					<description><![CDATA[The public manoeuvrings of the largest media agencies rarely disappoint. It is extraordinary how many times they become embroiled in spats on buying issues, whilst in the next breath promoting what they tend to describe as their unrivalled strategic planning skills. The latest gift to the toiling blogger comes from GroupM. The other week the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The public manoeuvrings of the largest media agencies rarely disappoint. It is extraordinary how many times they become embroiled in spats on buying issues, whilst in the next breath promoting what they tend to describe as their unrivalled strategic planning skills.</p>
<p><span id="more-527"></span>The latest gift to the toiling blogger comes from GroupM. The other week the long-running contest for the newly merged Dixons Carphone Warehouse business was concluded. The Dixons incumbent, Walker Media, now part of the Zenith Optimedia network, and thus part of Publicis (do keep up!) won, thus adding the Carphone Warehouse business to its Dixons relationship.</p>
<p>GroupM lost and rather as when they lost the Crown Commercial Services business recently Sir Martin Sorrell immediately called foul. As far as I know he’s not yet gone quite as far as dragging Dixons through the courts, as he’s doing with the Government’s decision (after all Dixons isn’t tax-payer funded) but <a href="http://www.brandrepublic.com/opinion/1330168/walkers-dixons-victory-leaves-group-m-seething/?DCMP=ILC-SEARCH">Arif Durrani in ‘Campaign’</a> lost no time in publishing the following, in quotes:</p>
<p>“Walker has been awarded the business after tabling desperate rates that are unsustainable and can only be met if Publicis takes value from its other clients.”</p>
<p>The GroupM positioning is clear. They are the biggest media buyers in town so it’s just impossible for anyone to beat them on price. Thus, if someone does beat them, it’s clearly through some sort of dubious tactic. There is though at least one rather glaring hole in this argument.</p>
<p>Yes, on a table based on published ad spends GroupM is indeed the very biggest. But not every one of its clients has to buy into its group-dealing mentality. Some clients hold back from being included in the pool negotiations, presumably on the argument that they would rather their budgets were used 100% for their benefit, and not as a part of any deal that at least in part benefits GroupM and its other clients.</p>
<p>This is murky territory. Clients are coy (unsurprisingly) when it comes to their media negotiation strategies but I would be very surprised indeed if 100% of GroupM’s published billings are included in group deals. So who is to say if their group deals are based on the largest volume anyway?</p>
<p>Look again at the Durrani quote. Remind you of anything? Those close to the Government decision say that GroupM’s case rests on it doing exactly this – using its total muscle to offer the Government ‘unbeatable’ rates. Except that Aegis beat them. And an independent auditor confirmed the wisdom of that decision.</p>
<p>Then there’s the ongoing saga of Omnicom versus Channel 5. Omnicom (for those with short memories you can <a href="http://www.bjanda.com/blog/opera-and-the-discord-of-agency-deals/">relive all the excitement here</a>), pulled all of its clients off C5 last June in order, it was widely rumoured to make up a shortfall in the revenue the agency had committed to ITV, although why Omnicom did what they did is rather less important than the fact that they did it.</p>
<p>Now, according to <a href="http://app.ft.com/cms/s/19b36cda-a646-11e4-9bd3-00144feab7de.html?sectionid=companies">a story</a> in ‘The Financial Times’, C5 has written directly to Omnicom’s clients suggesting they take the advice of an independent auditor before making up their minds whether such an exit from the channel was in their (the brands’) best interests. The implication being (and this is supported by an auditor quoted in the story) that it was not.</p>
<p>These are of course the same agencies who are quick to remind us of their planning skills, their creativity and their strategic strength, all excellent qualities built on objectivity. The GroupM agency Mindshare is, in the words of one of their most senior executives, ‘the new McKinsey’. Omnicom Media Group company OMD’s website states upfront that “OMD is recognized for its global footprint, strategic integration and creative innovation.”</p>
<p>Indeed. And yet it’s hard to marry delivering objective, strategic advice with group deals. The old line – that every client receives its fair share of the benefits of any group deal and that the agency is simply there to negotiate these benefits &#8211; is generally greeted by those in the know with mocking laughter. Even some of the annual reports admit to making money on the back of these volume deals, <a href="http://www.bjanda.com/blog/new-models-old-realities/">as I said here last week</a>.</p>
<p>There is also an unpleasant arrogance behind the GroupM stance. After all if volume was really all that counted and if media value really was directly related to volume then GroupM would win every pitch, by definition.</p>
<p>But they don’t because sometimes thinking and planning count for something. Many of the GroupM agencies are very good at that bit too. It does them no favours to read that their bosses believe that every decision is down to deals. Because if they think that when they lose, they presumably also think that when they win.</p>
<p>As so often, this week especially the Greeks have a word for it. Hubris.</p>
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		<title>New Models; Old Realities</title>
		<link>https://www.bjanda.com/blog/new-models-old-realities/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 23 Jan 2015 11:16:27 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=525</guid>

					<description><![CDATA[A common refrain from every passing marketing director and journalist is the need for the agency business to come up with a new business model. Sometimes this is expressed as amazement that the industry is still sticking to what’s described as ‘the old model’; sometimes the critics just keep repeating ‘need to reinvent’ over and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A common refrain from every passing marketing director and journalist is the need for the agency business to come up with a new business model. Sometimes this is expressed as amazement that the industry is still sticking to what’s described as ‘the old model’; sometimes the critics just keep repeating ‘need to reinvent’ over and over again whilst accessing their mental thesaurus.</p>
<p><span id="more-525"></span>For one thing, to suggest that agencies haven’t changed is absurd. It wasn’t that long ago (in industry time-scales) that we had full-service agencies charging a flat 15% commission.</p>
<p>First the flat commission rate went, then media broke away and we had media independents, still largely paid on commission and focussed almost entirely on media buying.</p>
<p>Now we have media agencies – looking nothing like the old model and I would guess generating the majority of their income from fees as opposed to commission.</p>
<p>So there has been change.</p>
<p>Sadly though the old realities keep butting in. And it’s largely the responsibility of advertisers that this is the case.</p>
<p>Many advertisers still, and I know it’s dangerous and probably misleading to generalise, see advertising as a cost as opposed to an investment. The IPA has done brilliant work, but speak to your average CEO, or CFO and this view still remains disappointingly widely held.</p>
<p>The media agencies have made great strides in terms of reinventing themselves and now offer a far fuller range of services than ever before. But where they have so far at least not succeeded is in shrugging off the old ‘media buyer’ descriptor. This is significant as it implies that ‘all’ they do, and certainly all they do that is worth paying for is buying.</p>
<p>Media agencies have failed to convince the mass of clients of the value of planning. This matters as planning is essential (all agree), and so it has to be paid for somehow. And that’s where we move into the world of kick-backs, rebates, and more recently digital deviousness.</p>
<p>If anyone doubts the evolution of the old model then a look through the holding companies’ public statements is instructive. <a href="http://idcomms.com/blog/2015/1/9/should-marketers-ever-fully-trust-their-media-agencies?utm_source=ID+Comms+Monthly+Newsletter&amp;utm_campaign=2b9e04d8a7-RSS_EMAIL_CAMPAIGN&amp;utm_medium=email&amp;utm_term=0_6f5f4288fb-2b9e04d8a7-11616129">This good piece</a> from ID Comms quotes from the 2013 WPP Annual Report: “The Group receives volume rebates from certain suppliers for transactions entered into on behalf of clients”. It may not be new, but it’s now official.</p>
<p>The trouble is that even though clients may be aware of this principle, they’re generally not aware of the extent, nor of the practical benefit (or cost) to them. Making money in a less-than-transparent way is unsustainable. Clients soon find out what’s going on; and there are enough irritating consultants, and bloggers around to elucidate those that may not be clear. And once the whistle is blown, the agency is commercially on the back foot, having to justify something that might have been acceptable had they only come clean about it in the first place.</p>
<p>The first casualty in any model built around a lack of financial transparency is objectivity. How is the client to know whether or not the recommendation made by the agency is made from the stand-point of an objective advisor, or as a reseller?</p>
<p>It’s still January and so I think I’m still allowed to make a New Year wish. Wouldn’t it be great if the media agencies came together to illustrate the real influence and benefit of great planning, as the creative agencies continue to do via the IPA? And I don’t mean making the case to each other at awards ceremonies, but in the Boardroom of their clients.</p>
<p>And wouldn’t it be great to see advertisers acknowledge the value brought by their agencies’ planners by collaborating in the building of a new payment model within which objectivity took centre stage, and all buying was transparently focussed on delivering to the plan? Agencies would need to play their part in this new paradigm by not making money through arbitrage, and agreeing that any upfront buys are made to satisfy client requirements as opposed to meeting holding company short-term financial targets.</p>
<p>Clients for their part would need to face up to the financial imperatives that exist within their agencies. If money can be paid for services delivered, and if some of the crazy payment terms around can be rooted back in the reality of how agencies pay their suppliers then we might even get a new and better model, based on new realities.</p>
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		<title>Je Ne Suis Pas Digne d&#8217;Etre Charlie</title>
		<link>https://www.bjanda.com/blog/je-ne-suis-pas-digne-detre-charlie/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Jan 2015 06:01:58 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=520</guid>

					<description><![CDATA[There can surely only really be one topic front of the mind with any media person this week, and that’s the terrible events in Paris. The murder of journalists, cartoonists, editors for upholding their right to free speech overshadows everything else in the media business. The advertising media business exists in a bubble whose walls [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There can surely only really be one topic front of the mind with any media person this week, and that’s the terrible events in Paris. The murder of journalists, cartoonists, editors for upholding their right to free speech overshadows everything else in the media business.</p>
<p><span id="more-520"></span>The advertising media business exists in a bubble whose walls are so well insulated that those of us inside it rarely pay any attention even to those in next door bubbles. Take journalists who inhabit a nearby bubble. We prattle on about ‘content’ as if somehow we could deliver material as insightful, or cutting-edge, let alone as powerful as that delivered every day by our professional neighbours. We convince ourselves as we talk to others within our own bubble that we have mysteriously suddenly acquired skills we never till recently knew we even needed.</p>
<p>At the same time we talk about ‘native’ without giving much thought to whether or not it’s fair game to hijack someone else’s creation, or at the very least their concept for commercial gain.</p>
<p>We often forget that it’s journalists, feature writers, film-makers, cartoonists, subs, editors and the rest, and not us, who create the content people actively search for and consume. We piggy-back along, placing ads, stating rather loudly that ‘it’s us that pay for this stuff in the first place’ (thus confusing, and not for the first time our money with that of our clients) and just assuming that the only thing that really matters in the media eco-system is us as we control the money (a doubtful claim in itself).</p>
<p>Once upon a time, very many years ago I became embroiled in a mighty row with our then largest client. One of the TV broadcasters had referenced this company, and not in a good way in a documentary strand. I got told by the Marketing Director that his CEO had decreed that we should ‘punish’ this broadcaster by pulling all our spend forthwith from the channel (naturally we hadn’t placed ads anywhere near the documentary strand in question). I argued and argued and eventually I won the day.</p>
<p>I felt then, and feel equally strongly today that journalists have to be allowed to say what they like in whatever way they like. Audiences then buy, or don’t buy the result, and advertisers then decide whether or not to spend money reaching those audiences. Of course advertisers can quite legitimately decide to avoid their material appearing in amongst content they consider in any way contextually inappropriate or damaging, but it’s a very long way from that to saying the material shouldn’t appear in the first place.</p>
<p>It is quite wrong for advertisers to try to pressure journalists and editors – as some do. In October 2013 I wrote <a href="http://www.bjanda.com/blog/mail-and-farewell/">here</a> about this very thing, pointing out that although I personally loathe and detest ‘The Daily Mail’ I would never condone any advertiser threatening them in order to try to get them to change their stance on anything (as was happening at the time over their piece on Ed Miliband’s father, with the cheerleader-in-chief on this occasion being that beacon of moral rectitude Sir Alan Sugar).</p>
<p>Content is not a commodity; or at least content that anyone wants to read isn’t a commodity. Great content is not easily produced, and we do our editorial peers a dis-service by even suggesting otherwise. Furthermore, the power of content can’t be assessed purely on the gross number of eyeballs it attracts.</p>
<p>Sometimes I think we forget our place. We are advisors, we advise. We help our clients make better spending decisions. We get paid a great deal to advise, certainly rather more than by far and away the majority of the people who create the material that attracts the audiences we crave.</p>
<p>We don’t attract the audiences; we don’t spend our lives worrying about every line, every word, every squiggle like the best journalists and the greatest cartoonists; we don’t risk attack, even of the verbal kind. We certainly don’t put our lives at stake for a principle.</p>
<p>And yet thank goodness for those with strong principles. Without a free press we would all be worse off – professionally as well as personally.</p>
<p>We are not worthy of being Charlie.</p>
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		<title>Welcome to 2015</title>
		<link>https://www.bjanda.com/blog/welcome-to-2015/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Jan 2015 11:47:06 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=517</guid>

					<description><![CDATA[…And we’re back. Welcome to 2015; may it bring you every success and happiness. And I hope you stay with me as I attempt to deliver another year of insightful, infuriating, irritating Cog Blogs. In amongst all the Christmas and New Year festivities, I received a letter. It was not formatted, nor was it from [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>…And we’re back. Welcome to 2015; may it bring you every success and happiness. And I hope you stay with me as I attempt to deliver another year of insightful, infuriating, irritating Cog Blogs.</p>
<p>In amongst all the Christmas and New Year festivities, I received a letter. It was not formatted, nor was it from the taxman. Rather it was hand-written, from a good friend. It made me feel really good, not just its content but the fact that in this day and age of emails and Facebook posts someone had taken the time and trouble to sit down and write me a letter.</p>
<p><span id="more-517"></span>One of the remarks that most resonated with me from 2014 came in Sir John Hegarty’s interview at Cannes when he coined the phrase ‘The digital Taliban’. Hegarty’s point was the sense that if you don’t agree with the digital Messiahs you are at the very least due some form of public humiliation. Not perhaps the most PC of remarks but he’s right in suggesting that there does exist this sense that anyone not up-to-speed with the very latest gizmo, platform or technique is somehow marked down as inadequate.</p>
<p>A couple of LinkedIn posts over the holidays illustrated this rather well. First, The Coca-Cola Company decided to do away with voicemails, citing a need to increase productivity in the workplace as the reason. Nothing wrong with that of course.</p>
<p>Andrew Grill, a thoughtful blogger (and a prolific one it seems given his claim to have “170 blog posts currently in draft that I am hoping to finish over the Christmas break”) promptly leapt onto LinkedIn (you can read his post <a href="https://www.linkedin.com/pulse/digital-disruption-hanging-up-voicemail-andrew-grill?trk=hb_ntf_MEGAPHONE_ARTICLE_POST">here</a>) to explain that he hasn’t used VM since 1991. He says he got tired of having “to spend literally minutes getting to a message then having to WRITE DOWN [<em>his capitals</em>] the number of the caller.”</p>
<p>Once I realised that this was not written ironically; and, having thought about it for a minute, come to the conclusion that as a matter of fact I find voicemail to be pretty useful, I became quite Hegarty-esque. Why should the Andrew Grill way be posited as the best way?</p>
<p>Digital evangelists are all very well – after all someone needs to evangelise about the many new tools and techniques out there, even if only so that the rest of us don’t have to spend hours bored rigid at trade shows. But there’s a difference between being enthusiastic about something, and spreading the word for the greater benefit of all, and sneering at those who I suspect the worst offenders see as those whose opinions should be discounted as they clearly ‘can’t be bothered to keep up’.</p>
<p>The letter I received brought me much pleasure, rather more than if the exact same content had been contained in an email or FB post. I also admit to the charge of sending out Christmas cards, in the mail, and to gaining pleasure from hearing from friends via their cards. Certainly old-fashioned cards are more gratifying than those endless e-cards most of which I deleted without even looking at them. We also had a real Christmas tree, although I suppose we could have put a giant TV with a live, streamed picture of a designer-decorated tree in its place (and if that service doesn’t yet exist then I bet it will by next Christmas).</p>
<p>I also gained a great deal of value from Facebook, Twitter, LinkedIn, streamed news services, websites, emails, blogs and the rest. Even voicemail messages have their place. After all if you travel often it’s nice to be able to hear your children’s voices whenever you want to.</p>
<p>The point is of course that different communication channels are good at conveying different messages, and stirring different emotions. As channels, devices and vehicles proliferate we increasingly need to understand the power that comes from linking a great idea to the most appropriate channel.</p>
<p>2015 will be a year when ideas come to the fore and techniques and gizmos are seen to be just that – the method by which ideas are given form.</p>
<p>2014 may have been the year of the digital trader and the middleman; 2015 will be the year of the planner.</p>
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		<title>Frank Said It Best</title>
		<link>https://www.bjanda.com/blog/frank-said-it-best/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 18 Dec 2014 09:21:45 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=514</guid>

					<description><![CDATA[“And now, the end is here, and so I face the final curtain..” Well, for 2014 at least. It’s been a fun-filled year of blog posts, of some people saying flattering things (greatly appreciated, all of the time), some taking me to task (also appreciated at least most of the time, we should all aim [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>“And now, the end is here, and so I face the final curtain..”</p>
<p><span id="more-514"></span>Well, for 2014 at least. It’s been a fun-filled year of blog posts, of some people saying flattering things (greatly appreciated, all of the time), some taking me to task (also appreciated at least most of the time, we should all aim to continue to learn), and some just yelling at me (which perversely perhaps is fun).</p>
<p>As we get towards Christmas I am far too tired out by all those Christmas lunches, and far too out of ideas not to fall back on the last resort of bloggers (and even real journalists) everywhere and end the year by repeating the bits I’ve liked best. So that’s the bits I like from the things I wrote – it’s hard to get any more self-indulgent than that.</p>
<p><strong>March</strong><br />
“If agencies want to fulfil their undoubted potential they need to sell the true business benefits they bring; the results not just the mechanics. They need to sell the hole, not the drill.”</p>
<p><strong>March</strong><br />
“Amongst (media agency) services are data analytic skills and the ability to turn the crude oil that is raw data into the valuable fuel that drives insights and leads to competitive advantage. Data skills sit neatly alongside research skills as a crucial input to communications planning.</p>
<p>So why subsume these skills within a set of operating principles that are guaranteed to fan the flames that flicker&#8230;. within many advertisers that media agencies are basically a bunch of wheeler dealers determined to cheat them at every turn through one means or another?”</p>
<p><strong>April</strong><br />
“Meanwhile the guys who work for either Omnicom or Publicis will no doubt carry on doing what they do, many of them very well, without the distraction of having to contribute to what is said to be 70 integration committees. Maybe they’ll toil away with a tad less admiration for their leaders than they used to have though.”</p>
<p><strong>July</strong><br />
“So we have clients dealing with account teams they like and respect, but a large part of whose work they don’t pay properly for, and who are unable to help them overcome (the clients&#8217;) fundamental issues with the (agency&#8217;s) trading arms where the money is made. This can’t end well.”</p>
<p><strong>August</strong><br />
“It is now going to be up to GroupM’s media agencies to ‘manage programmatic execution’ as an element in being responsible to their clients for all aspects of delivery.”</p>
<p><strong>September</strong><br />
“Many in agencies have it drummed into them that client procurement teams are responsible for all things bad, from grumpy staff in their agencies to global warming.”</p>
<p><strong>October</strong><br />
“Even the most rabidly enthusiastic digital disciple recognises that without people we are all sunk, not to mention unemployed. Algorithms and systems are all very well, but the magic bit comes from people.”</p>
<p><strong>November</strong><br />
“When technology first met advertising the resultant conversation was a dialogue of the deaf.”</p>
<p><strong>December</strong><br />
“Publishers – those people who deliver the content people actually want to read, as opposed to the content that people simply want to write&#8230;”</p>
<p><strong>December</strong><br />
“In a nutshell – agencies need to deliver a service within which the plans shape the buys. It’s when the buys shape the plans that things go wrong.”</p>
<p>May I thank you for reading the Cog Blog in increasingly large numbers, and for all your comments and feedback. I hope you found at least some of the posts interesting and entertaining.</p>
<p>And most importantly may I wish you and yours a Happy Christmas, a relaxing break and a prosperous New Year.</p>
<p>The Cog Blog will be back early in January 2015.</p>
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		<title>Full Service Agencies for the 21st Century</title>
		<link>https://www.bjanda.com/blog/full-service-agencies-for-the-21st-century/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 10 Dec 2014 09:21:12 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=508</guid>

					<description><![CDATA[‘Campaign’ carried an interesting opinion piece from its Editor, Claire Beale this week. She recounted a conversation with a creative director in which he complained at media agencies involving themselves in creative strategies and execution. Claire made the point that most of the time most media agencies’ creative efforts are “Eye-wateringly embarrassing. So far. But [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>‘Campaign’ carried an interesting <a href="http://www.campaignlive.co.uk/bulletin/sunday_fix/article/1324833/creative-v-media-agencies-beginning-ugly/?DCMP=EMC-CONCampaignSundayBest">opinion piece</a> from its Editor, Claire Beale this week. She recounted a conversation with a creative director in which he complained at media agencies involving themselves in creative strategies and execution. Claire made the point that most of the time most media agencies’ creative efforts are <strong>“Eye-wateringly embarrassing. So far. But they are grasping the opportunity and clients are willing them on”.</strong></p>
<p><span id="more-508"></span>Where will it all end? Clients want agencies to work together in a fully integrated manner focussed on delivering the best result for the client’s business. To most clients managing their different agencies and sorting out the turf wars between them is akin to herding cats, and squealing, scratching cats at that.</p>
<p>There is of course a perfectly sensible solution – have fewer agencies and use them for more tasks. In fact, and here’s a revolutionary thought, why not have one agency and have it do everything?</p>
<p>There are several reasons why the old full-service model (for that&#8217;s what this is) wouldn’t work today. The level of specialism required to manage the sheer complexity of a multi-channel, multi-faceted campaign alone makes it impractical. Plus the genie is well and truly out of the bottle and putting it back in looks impossible.</p>
<p>Plus of course, whatever they may say in public true integration is the last thing the big holding companies want. You can charge far more by organising yourself into multiple specialisms than you ever could if everything was in one place.</p>
<p>But the lines will continue to blur. Media agencies have long trespassed on research agencies’ toes (which must have led to some interesting conversations from time to time between Kantar and GroupM), but this sort of within-holding-company discussion would be a fireside chat compared to a pitch between a media agency and a creative shop for creative duties, when (as Claire maintains is happening) both are from the same holding company.</p>
<p>Media independents in the UK started because the top media people in full-service agencies at the time finally got so hacked off at being ignored by the account men running the show that they took their ball away. People like Chris Ingram, Ray Kelly, Paul Green and David Reich then proved themselves rather better at running a business than many of the colleagues they left behind.</p>
<p>And so it largely has continued. The media agencies have matured, invested in new services, grasped new technology and grown like Topsy. The creative agencies, well they largely seem stuck in the same old model.</p>
<p>I have no idea if as Claire reports there really is a pitch going on between siblings for creative duties on a large advertiser’s business; but I would like to think there is. I also have no idea if such a notion will speed the evolution of a full-service agency for the 21st Century, but I suspect it might well.</p>
<p>And when that happens I want to be in the room when as a two hour communications strategy and execution presentation in which the client has been totally engaged ends at 1230pm, the media agency CEO turns to his creative director and says: “You’re OK to go through your ideas in 10 minutes aren’t you old chap? Lunch won’t wait I’m afraid”.</p>
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		<title>The Future for Trading Desks</title>
		<link>https://www.bjanda.com/blog/the-future-for-trading-desks/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Dec 2014 11:19:16 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=505</guid>

					<description><![CDATA[Last week’s Cog Blog described the current shake up happening in the crazy world of digital media – a world where ad impressions delivered to robots are it seems worth nearly as much as ads not viewed for more than one second. There is the slightest hint that the digiterati are sort-of coming to their [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s <a href="http://www.bjanda.com/blog/online-advertising-starts-to-come-of-age/">Cog Blog </a>described the current shake up happening in the crazy world of digital media – a world where ad impressions delivered to robots are it seems worth nearly as much as ads not viewed for more than one second.</p>
<p><span id="more-505"></span>There is the slightest hint that the digiterati are sort-of coming to their senses. At the same time the publishers – those people who deliver the content people actually want to read, as opposed to the content that people simply want to write – are aware that they are sitting on something of rather greater value than the price put on it by their friends at the agency trading desks.</p>
<p>At the same time advertisers are continuing to ask difficult questions. When Unilever dared to suggest that what they meant by an ad being viewed, was that the ad, the whole ad had been viewed the howls from many occupying the Lumascape were pure comedy gold.</p>
<p>As I said last time: “The mixing of publisher data with advertiser knowledge and insight can be a potent one. The natural home of such mixology is the media planning agency”. The problem for the agencies (by ‘agencies’ I mean the likes of Carat, Mindshare or OMD) is that their reputations have been damaged by the models employed by their trading desk siblings.</p>
<p>For siblings they are. In a comment a few months ago that reveals more than was perhaps picked up on, Rob Norman of GroupM made the point that within his organisation it was up to “media agencies to ‘manage programmatic execution’ as an element in being responsible to their clients for all aspects of delivery”.</p>
<p>It must hurt those leading the media agencies that their organisations’ reputations have been impacted by ‘programmatic execution’. For years, decades even, they have been focussed on the values they bring to their clients through all aspects of their planning resources. Miles of trade press articles, books, conference papers and the rest have been given over to making the point that media agencies are well placed to become the key central communications partner for advertisers. It must be galling having to spend hours defending the behaviours of a group responsible for one element within delivery.</p>
<p>So where does this all leave trading desks? The first thing wrong is the generic descriptor – the very words ‘trading desk’ conjures up images of financial traders, of wide boys bringing the economy to the brink of collapse by using tools and techniques that far too many of their bosses (let alone anyone else) didn’t understand.</p>
<p>It’s interesting that one group, Vivaki uses the term ‘Audience on Demand’, a clunky name but at least one that moves away from a focus on buying. Vivaki also speaks of ‘supporting our agencies’ and of ‘bringing science to the art of communication’.</p>
<p>I think that they’re on the right track. Words like ‘support’, ‘science’ and ‘communication’ speak to integration over modular margin-chasing. I also think that GroupM’s remarks about their media agencies ‘being responsible’ are directionally correct.</p>
<p>Trading desks (let’s stick with that name for now) should evolve into a resource delivering a function to the central client teams within the media agency. In that way they’re really no different from content creation, innovation groups or research.</p>
<p>Trading desks can be an invaluable resource at the heart of the media agency. They are the place where data knowledge and analytics sit and where services can be developed centrally for all group agencies. ‘Data knowledge’ should include a brief to make sense of and combine all sources of data relevant to the agency’s work. Plus there’s the need to evaluate and manage elements of digital buys, notably in the RTB space. It’s clear that the TD can touch and indeed positively influence many aspects of the agency’s work.</p>
<p>In a nutshell – agencies need to deliver a service within which the plans shape the buys. It’s when the buys shape the plans that things go wrong.</p>
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		<title>Memories of Media Men Passed</title>
		<link>https://www.bjanda.com/blog/memories-of-media-men-passed/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 28 Nov 2014 08:36:55 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=503</guid>

					<description><![CDATA[It’s been a sad week in UK media land. Two of the true originals in our business, Ray Morgan and Tony Vickers passed away. Ray was Media Director of the full-service agency, Benton and Bowles. He built an outstanding department there by the what now seems obvious step of hiring very clever graduates – this [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s been a sad week in UK media land. Two of the true originals in our business, Ray Morgan and Tony Vickers passed away.</p>
<p><span id="more-503"></span>Ray was Media Director of the full-service agency, Benton and Bowles. He built an outstanding department there by the what now seems obvious step of hiring very clever graduates – this at a time when most media departments were full of people who had rather fallen in to them (I myself graduated to media from a prestigious and much sought after role as agency messenger boy). Ray’s team included such as Richard Eyre (who went on to become CEO of ITV, and now Chairs the IAB), Simon Marquis (ex-Chairman of both Zenith and the National Readership Survey), and Christine Walker (Founder of Walker Media).</p>
<p>When Benton and Bowles was acquired by the US agency D’Arcy to become DMB&amp;B it was assumed that Ray would get the top UK media job. In fact the US parent prevaricated to the point that a deeply frustrated Ray decided to set up on his own, backed by many of his agency’s clients. Ray Morgan and Partners was born, and was in due course acquired by Saatchi and Saatchi. The Media Director there, John Perriss used RMP as the core around which he built the first of a new breed – a media independent owned by a full-service agency. Thus was Zenith born.</p>
<p>It’s interesting to consider what would have happened had the US management of D’Arcy appointed Ray, a full-service agency man to the tips of his toes, rather than sitting on their hands.</p>
<p>Tony Vickers was one of a breed of salesmen who enjoyed a close relationship with the agency buyers and managers with whom he had to deal. Everyone knew him; everyone had time for him.</p>
<p>Many TV sales directors of the time had a certain arrogance – the sort that attaches itself to those selling an over-demanded, under-supplied commodity that enjoyed a monopoly. Tony for many years sold breakfast TV, a day-part which was certainly not over-demanded. He was honest and delivered what he promised – which meant that more money finished up on his station than might have gone there had anyone else been selling it.</p>
<p>Both Ray and Tony were examples of a time when everyone in the media village knew and largely respected everyone else. They operated in an era where personal relationships counted for a great deal. They were larger-than-life characters, one a tough and respected competitor, the other a charismatic salesman. Their time was long ago, of course. Their passing brings down another shutter on an era.</p>
<p>I generally agree with people who accuse those from my era in agencies of looking back through rose-coloured spectacles. There’s nothing more annoying than some old guy banging on about ‘the good old days’ when actually there was so much that was not good. But having said that I can’t help feeling that the sense of camaraderie so much in evidence then is rather missing these days when machines and algorithms dominate.</p>
<p>I wonder whether in 30 years someone will feel a sense of sadness for those golden days when programmatic trading first appeared. Maybe they will; but I doubt it.</p>
<p>As I’ve said before; I was glad I was in it when I was.</p>
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		<title>Online Advertising Starts to Come of Age</title>
		<link>https://www.bjanda.com/blog/online-advertising-starts-to-come-of-age/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 25 Nov 2014 08:38:20 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=495</guid>

					<description><![CDATA[There is no doubt that the coming of online advertising has changed everything. OK so it hasn’t turned out to be the panacea that some zealots thought (some still think) it might be; and no we haven’t yet properly worked out how commercial communications can work best within social media channels; but those bumps in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There is no doubt that the coming of online advertising has changed everything. OK so it hasn’t turned out to be the panacea that some zealots thought (some still think) it might be; and no we haven’t yet properly worked out how commercial communications can work best within social media channels; but those bumps in the road don’t change the underlying fact that things are very different now.</p>
<p><span id="more-495"></span>When technology first met advertising the resultant conversation was a dialogue of the deaf. The truth is that traditional advertising people didn’t really understand all that much about how the technology worked, and thus what it could do for them, whilst the technologists understood little about advertising beyond it being the source of the cash and thus a necessary evil to be humoured and tolerated.</p>
<p>The media agencies more than most did listen and did understand. Good for them – they certainly grasped how the technology could be used to benefit them and their clients, and thousands of theoretically strong plans were written reaching loads of people gazillions of times for pence. The problem has been that when the media plan is so far in front of the creative idea the final output can be a great plan with a poor creative execution.</p>
<p>Then there’s the infrastructure. Where’s there’s chaos there’s margin. There have been too many middle-men doing too many over-complicated things and charging way too much for them. Eventually something had to give; some shake-down has always been inevitable.</p>
<p>It seems the mists are starting to clear, even if just a little. Early adopters within marketing have realised that they can use online activities for more than direct response; suppliers have worked out that any realistic future must include display advertising from the largest players. Some of the early DR-like metrics – like click-through rates – have as a consequence been overtaken by measures of far greater relevance to large advertisers.</p>
<p>The next stage is to tidy up the supply chain. At the moment this is less a chain and more a maze. There are so many steps between publisher and advertiser that both data and value leaks away as the maze is negotiated. One large publisher has estimated that once you factor in fraud and lack of viewability on top of the so-called technology tax what’s left of the advertiser’s online budget for the publisher is in the single-digit percents. This chimes with <a href="http://www.bjanda.com/blog/kraft-breaks-cover/">Kraft’s statement</a> that it ‘rejects’ up to 85% of online advertising placed on the Company’s behalf.</p>
<p>Value leakage is a well-recognised phenomenon, data leakage perhaps less so but none the less serious for that. Publishers own a great deal of data of value to advertisers. If publishers’ data is leaked at various stages along the maze, as it is (for example) aggregated then properties lose value.</p>
<p>The mixing of publisher data with advertiser knowledge and insight can be a potent one. The natural home of such mixology is the media planning agency and thus, as an <a href="http://mediatel.co.uk/newsline/2014/11/24/the-road-that-can-lead-media-agencies-to-higher-ground/">excellent piece on Mediatel by Dominic Mills </a>points out the agencies are well-placed to flourish.</p>
<p>The issue for the agencies is how to combine their unquestioned planning skills with the rise and rise of the trading desks, with their attractive margins and their less-than-attractive reputation amongst so many large advertisers?</p>
<p>And why would one source of valuable data – the publishers &#8211; agree to a situation within which they allow their data assets to be accessed by a trading desk just so that they can be paid less?</p>
<p>Two scenarios seem likely. Either the major publishers by-pass the agency and the majority of middle-men altogether to create bespoke and creative programmes directly with the advertiser. Or any initiative co-created with the media agency planning team will need to be executed outside of that agency’s trading desk.</p>
<p>The next Cog Blog post will dare to predict the future for agency trading desks.</p>
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		<title>Achievements Beyond Airmiles</title>
		<link>https://www.bjanda.com/blog/achievements-beyond-airmiles/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 18 Nov 2014 11:38:54 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=488</guid>

					<description><![CDATA[This week, MediaCom’s UK CEO, Karen Blackett was named ‘the most influential black person in Britain’. Many congratulations to her for what is a most well deserved accolade. It’s rare for media agency leaders to be recognised outside of our industry. Maybe it’s because so many rank their achievements in terms of the countries they’ve [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This week, MediaCom’s UK CEO, Karen Blackett was named ‘the most influential black person in Britain’. Many congratulations to her for what is a most well deserved accolade. It’s rare for media agency leaders to be recognised outside of our industry. Maybe it’s because so many rank their achievements in terms of the countries they’ve visited in the last couple of weeks, and the household names (well, in someone’s household anyway) they’ve met.</p>
<p><span id="more-488"></span>It’s easy when you’re working in any senior capacity in a media agency to believe that you are indeed God’s gift to the advertising business. After all, trade press journalists chase you for quotes and photos, and hang on your every word. Conference companies flatter you to appear on their platforms. Those selling media tell you how wonderful and important you are, every minute of every day (of course what they say behind your back may be quite a different thing). And, of course you convince yourself, through social media musings in which your every word and thought is favourited, retweeted or liked by your loyal fellow-workers.</p>
<p>It’s easy to believe all of this noise. I know I did.</p>
<p>But Karen aside how many of these people have actually achieved anything? And I don’t mean they haven’t won the Nobel Prize; even in our little advertising bubble they have done precious little. Certainly they’ve hung around. Certainly they’ve been promoted. Certainly the lucky ones qualify for business travel, limos and decent hotels (and may I say thanks for the Gold-Card-for-Life, British Airways). But how many have ever truly done anything, built anything, changed anything?</p>
<p>Some of course have. The UK media agency Manning Gottlieb (now part of Omnicom), as one example was built by Messrs Nick Manning and Colin Gottlieb, both of whom are still very much practicing their skills today. David Pattison, Nick Horswell and Jonathan Durden started PHD (also nowadays Omnicom), and then for good measure David became the first media man ever to become President of the IPA. All three are still much in evidence.</p>
<p>Les Binet and Peter Field have done more to demonstrate how advertising works, and the contribution it makes to business success than anyone else around. Dave Trott, not content with his reputation as one of the best creative men of his generation writes a wonderful blog, and has produced what is by all accounts an excellent book. In the USA, the late Erwin Ephron wrote the book on media planning. Irwin Gotlieb, now running GroupM is an outstanding trader and thinker. And of course there are many more (some of them not called E(I)rwin. Or indeed Got(t)lieb).</p>
<p>What all those who have genuinely done something have in common, in my experience is a quiet self-confidence. They don’t tend to bang on about where they’ve been, who they’ve met, where they’ve stayed. They listen well, and they respect others, their points of view and their achievements, however modest they may be when set against their own.</p>
<p>It would be good if those in any position of authority within media agencies, as well as those starting out and those in-between reflected on the fact that most of them have done little and know less outside of an extremely narrow specialism, and that they can learn a lot by listening to or reading from those who have achieved big things before them.</p>
<p>They will in time come to realise that you should never, ever believe your own publicity, and that the main reason why they’re in demand today is the position they hold rather than any achievements they as individuals may have to their names.</p>
<p>We should all celebrate the achievers, those who have built, those who lead by example and those who advance thinking, ahead of the brash, the loud and the self-publicising.</p>
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		<title>Mind the Gap</title>
		<link>https://www.bjanda.com/blog/mind-the-gap/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 11 Nov 2014 10:11:05 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=483</guid>

					<description><![CDATA[It may seem obvious but new players who are well known and respected in one field often pop up in another. Sometimes these are pretty straightforward extensions. Marks and Spencer starts a food business; Mont Blanc stretches its pen brand into luxury watches. Sometimes they’re not so obvious, such as when a Finnish rubber boot [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It may seem obvious but new players who are well known and respected in one field often pop up in another. Sometimes these are pretty straightforward extensions. Marks and Spencer starts a food business; Mont Blanc stretches its pen brand into luxury watches. Sometimes they’re not so obvious, such as when a Finnish rubber boot manufacturer decided to diversify into mobile telephony (Nokia).</p>
<p><span id="more-483"></span>In the advertising world probably because the top guys have tended to come from within the industry, new models have been evolutionary rather than revolutionary. Of course the holding company model has emerged, with the groundwork being laid by Phil Geier at Interpublic. This led to a hunt for scale (Marks and Spencer open new stores), and a degree of buying around the edges (Marks and Spencer open a bank) in order to build a more integrated offering. The point is, though if you compare any of the holding companies with a big, old-school full-service agency the difference is not so much in the range of services offered but much more about the scale of the resource and thus the expertise on offer.</p>
<p>We’ve all got very used to speaking about Omnicom, WPP, Interpublic, Publicis and the rest as if they’re the only games in town. It’s true that there lots of flourishing independents but it does seem as if there is a large gap in the middle, waiting to be filled by credible mid-sized operations. And then there are the mavericks, the ones who rewrite the rules in much the same way that Phil Geier and more latterly Sir Martin Sorrell did so successfully. The new players and the mavericks are both well worth watching.</p>
<p>The mid-sized gap is starting to attract interest. AdAge <a href="http://adage.com/article/agency-news/adland-s-small-holding-companies-big-thing/295306/">has written</a> about an ambitious but currently small ad agency holding company being built from the ground up called CHR Group. Rather better known is the Chicago based private equity business Lake Capital, which has just acquired the UK business Engine (owners of the ad agency WCRS amongst others). And of course there are more.</p>
<p>As AdAge reported: &#8220;There&#8217;s quite a big void in the middle between the independents and the massive networks,&#8221; said Keith Hunt, managing partner at M&amp;A consultancy Results International. &#8220;In the U.S., one would have expected to see more of these.&#8221;</p>
<p>Then there are the mavericks, in which camp I would place Vincent Bollore, whose business is described as follows: “Bolloré is a French investment and industrial holding group headquartered in Puteaux, on the western outskirts of Paris, France. The company, a paper-energy-plantations-logistics conglomerate, employs 28,000 people around the world.”</p>
<p>Not too much heritage in advertising then although Mr Bollore was a long-term investor in Aegis, and rather interestingly is the chairman of Vivendi, the media company that owns Canal Plus and Universal Music Group. And he’s currently acquiring a majority stake in Havas (where he has been a very substantial shareholder for a number of years, and where his son Yannick is CEO).</p>
<p>I tend to shudder whenever an advertising operation from whichever side of the fence tells me that they have brought in a genius from way outside the boundaries of our industry. I remember this happening a number of times: ‘We’ve hired this brilliant research chemist; he’ll transform our ad business’. I even remember an agency where the Chairman brought in an interior designer (by sheer coincidence his partner) to be Creative Director. Generally speaking the transformation takes one of two forms – either the business collapses, or the genius teleports him or herself somewhere different.</p>
<p>But what we’re seeing the start of now is of a totally different scale to the odd research chemist. A new breed of holding company is appearing, operating between the giants and the independents. On occasion these will be run by managers from outside the ad business. At the same time more major players like father and son Bollore will emerge to shake up an industry whose models are at their core still pretty conservative and rooted in the past.</p>
<p>Should be interesting.</p>
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		<title>Kraft Breaks Cover</title>
		<link>https://www.bjanda.com/blog/kraft-breaks-cover/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 03 Nov 2014 09:07:57 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=477</guid>

					<description><![CDATA[Well, here’s a turn-up for the book! Kraft has announced publicly in the US that it ‘rejects’ up to 85% of impressions bought online via real time ad marketplaces. The company’s reasoning is that “75% to 85% is either deemed to be fraudulent, unsafe or non-viewable or unknown”. Who would have thought it? It might [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Well, here’s a turn-up for the book! Kraft has <a href="http://adage.com/article/datadriven-marketing/kraft-rejects-75-85-impressions-due-quality-issues/295635/?utm_campaign=SocialFlow&amp;utm_source=Twitter&amp;utm_medium=Social">announced publicly</a> in the US that it ‘rejects’ up to 85% of impressions bought online via real time ad marketplaces. The company’s reasoning is that “75% to 85% is either deemed to be fraudulent, unsafe or non-viewable or unknown”. Who would have thought it?</p>
<p><span id="more-477"></span>It might have taken Kraft a while to catch up with the multitude of comments in the press, and on blogs concerning online fraud and the rest, but kudos to them for speaking out as they have done. Now we’ll see what they do about their concerns.</p>
<p>It’s easy to say that with any new technology or approach comes risk. And that a massive, all-enveloping communication form like online is pretty well bound to attract more than its fair share of crooks and charlatans. What is less easy to explain is why the ad industry as a whole has been so slow to do anything about it.</p>
<p>Actually, I’m wrong. It is rather easy to explain – it’s just rather depressing to do so. In a sentence: if you’re in on the racket it’s tricky to expose the bigger picture without at the same time compromising your own position.</p>
<p>The way that these media misdemeanours are typically exposed is to cut off the cash until the medium sorts itself out. The media agency community has historically <a href="http://www.bjanda.com/blog/from-digital-madness-to-advertising-collaboration/">been rather good</a> at this, leaping into the press at the first opportunity, waving the flag of being responsible for client budgets and insisting on certain standards being reached before another penny is spent.</p>
<p>But when it comes to online – well, not so much. Certainly there are pockets of fine words condemning fraudulent behaviour (of whatever shape or form), but online ad spend continues to rise at a rate far ahead of everything else, despite all evidence that suggests it shouldn’t. This evidence ranges from ‘it doesn’t work well, if at all in delivering business results’ through to Kraft’s ‘75% to 85% is either deemed to be fraudulent, unsafe or non-viewable or unknown’.</p>
<p>Having read this far the digital glitterati will no doubt say other media forms aren’t always seen by everyone in their measured audience. Which is true – but there is a huge body of work that quantifies these differences, and anyway the metrics quoted by (say) TV and print are used primarily as trading currencies. Any planner will tell you they take account of factors like visibility, and engagement in their plans.</p>
<p>Then the digital elite will point to case studies that illustrate the success of online. True again, but the fact that something works for someone doesn’t make the underlying metrics correct or acceptable to all. For what it’s worth I am a fan of online display advertising, but the evidence would seem to suggest it works best in combination with other media forms (hardly surprisingly as this is true of almost all media). My problem is with the huge hype that exists around anything to do with online advertising.</p>
<p>Finally, much will be made of the fact that agency trading desks are spending gazillions sorting out fraud. True again, up to a point but it doesn’t seem to have done a lot for Kraft. And this is an industry-wide problem requiring an industry-wide solution.</p>
<p>So, why does online advertising continue to be so successful at generating revenue? I can only think of two reasons.</p>
<ol>
<li>Clients are determined to pile ahead with today’s fashion for online display advertising, despite all evidence suggesting they might be better off taking a more circumspect approach. Clients are thus ill-informed and are wasting their money. This is certainly the opinion of <a href="http://adcontrarian.blogspot.co.uk/2014/10/digital-clown-act-in-big-trouble.html">the AdContrarian</a>. Their agencies, despite being the bastions of impartial advice we all know them to be are powerless to stop this headlong rush despite doing their best to argue for restraint. Thus agencies aren’t perhaps quite as influential in terms of how their clients spend their money as they might like to think.</li>
<li>Agencies and in particular their online trading desks make considerably higher margins placing online buys than they do in other media forms. Thus, as long as there are advertisers pouring money into online their advisors are going to keep quiet, encourage the spend by coming up with all sorts of nonsense about time spent and brand engagement, and justify the disconnect between the plans and the online buys (and the size of their margins) by blaming advertisers for not paying them properly in the first place.</li>
</ol>
<p>Whichever it is, and of course it’s a combination of the two it doesn’t exactly reflect well on the online industry.</p>
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		<title>Why Transparency Isn’t a Passing Fad</title>
		<link>https://www.bjanda.com/blog/why-transparency-isnt-a-passing-fad/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 29 Oct 2014 08:28:40 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=474</guid>

					<description><![CDATA[The other week I moderated a panel for &#8216;Media Post&#8217; at one of their OMMA events. Our excellent panel discussed the implications of the fact that digital advertisers are interested less in buying sites, and more in buying audiences. As indeed has been the case for decades in all those backward, old-fashioned legacy media forms. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The other week I moderated a panel for &#8216;Media Post&#8217; at one of their OMMA events. Our excellent panel discussed the implications of the fact that digital advertisers are interested less in buying sites, and more in buying audiences. As indeed has been the case for decades in all those backward, old-fashioned legacy media forms.</p>
<p><span id="more-474"></span>As is usual on these occasions I mingled. It’s always good to hear what front-line professionals are talking about, what issues are at the forefront of their minds. ‘What’ I asked one or two of them ‘about the transparency issue?’</p>
<p>The responses were rather interesting, and slotted into one of two camps.</p>
<ol>
<li>Oh that is so boring. We’ve moved on, surely?</li>
<li>Depends what you mean by transparency.</li>
</ol>
<p>Well, actually no we haven’t. And don’t try to wriggle away from your responsibilities on the back of some semantic gymnastics and talking very loudly about something else.</p>
<p>I do realise that many in agencies have short attention spans, and that boasting about how you have developed a new iPhone app might be more fun than worrying about the future of the business, but unless the agencies take the initiative and do something about transparency….well, let’s just say a lot of people will get to spend more time with their favourite smart-phone.</p>
<p>Why is it considered so weird to expect to be told how your money is being spent, and what is being paid for what? The counter argument is so ludicrous it’s hard to type the words without convulsing with giggles. It goes: ‘we deliver audiences, why does it matter how?’</p>
<p>Digital traders are fond of drawing comparisons with other industries. Like fashion. ‘If I buy a tie, I buy it because I like it. I don’t care what the materials cost’. Possibly – but to stretch the analogy a little, at least you know it’s a tie; and at least you come to an informed judgement over its worth to you. This judgement is based on all sorts of factors, including your view of the value of the brand, and what you’re prepared to pay for a tie of that particular design.</p>
<p>You’re also likely to be in a room with a load of ties, all individually priced. So you can make your decision based on what you see.</p>
<p>Or the stock-market. I heard someone from Xaxis say, with a perfectly straight face the other day: ‘If I sell you stock in a company I own and it outperforms the market then you’d be happy, whatever margin I’m making’. Well, first of all I would have preferred to make even more money by paying the broker less, or at least an honest amount for his work, and secondly in financial services it is usual to be told of any potentially compromising interest the broker may have in the company in which he’s selling you stock, so that you can then make an informed decision. The base Xaxis model doesn’t disclose what you’re buying stock in (to continue the analogy) let alone tell you that they own the company (in the case of 24/7).</p>
<p>Transparency is a simple matter. If you’re an advertiser you should know what you’re buying, what you’re paying for it, and how that price compares with some norm. You might decide to trade away one or more of those components in return for less control, but if you decide to do so then that too is your decision, based on an evaluation of the options open to you.</p>
<p>Transparency is one issue driving several large advertisers to desert their agencies’ digital trading operations for independent shops, or taking certain activities in-house. Several people have described this trend as a ‘passing fad’. But it isn’t. Advertisers are not fools; and they tend by and large to do what’s best for them. For very many years in the UK, Procter and Gamble negotiated and bought their own TV airtime. They did so because they always got better rates than any agency (I know as I was for years a P&amp;G agency and thus party to what they had negotiated). It was simply better for the Procter business to do it that way.</p>
<p>When TV life became more complicated P&amp;G worked out it wasn’t worth investing more in the necessary internal resource and so they stopped doing their own buying (although they continued with the negotiation). It was better for the P&amp;G business.</p>
<p>Smart advertisers do what’s best for them. Sometimes that’s investing in in-house capabilities; sometimes it’s going to an independent operator for certain elements of what they do; sometimes they use an agency. It’s hardly rocket-science: they do what they consider to be the best thing for their business.</p>
<p>One thing’s for sure, once your behaviours force people to open their eyes to alternative ways of doing things they sometimes find a better solution than the one you’re offering. And once they’ve sampled the experience of doing things differently it is hard to entice them back into the old way.</p>
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		<title>Winning Without Crowing</title>
		<link>https://www.bjanda.com/blog/winning-without-crowing/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 23 Oct 2014 08:35:28 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=470</guid>

					<description><![CDATA[Sometimes you just have to accept that despite all the planning tools, the volume and scale arguments, the digital bullshit and the rest, business is won or lost on a word from someone far further up the food chain. And so it appears to be with O2, an account handled with some distinction in the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Sometimes you just have to accept that despite all the planning tools, the volume and scale arguments, the digital bullshit and the rest, business is won or lost on a word from someone far further up the food chain.</p>
<p><span id="more-470"></span>And so it appears to be with O2, an account handled with some distinction in the UK for 23 years (in its various guises) by Zenith Optimedia. It was certainly often quoted by the agency as a client for whom they had done some of their best work and at least on the surface all seemed well.</p>
<p>Then along came Vincent Bollore, whose Groupe Bollore is currently moving to acquire a majority in Havas. <a href="http://www.brandrepublic.com/news/1317880/zenithoptimedia-loses-200m-o2-business-havas-media-without-pitch/?HAYILC=RELATED">According to</a> ‘Campaign’ Bollore had a quiet word with Telefonica’s chairman César Alierta (Telefonica owns O2). And lo and behold the whole account, worth a reported £400m globally and £50m in the UK switches without a pitch into Havas, who it should be noted had pitched unsuccessfully in a review in July this year (a whole 3 months or so ago). This resulted in Zenith retaining the business across Europe, and adding Spain to its country responsibilities – the Spanish business moving from (you guessed it) Havas.</p>
<p>And we all thought that pitches were sacrosanct as the force that drove the ad business. Certainly as the life-blood of the trade press, the reason for existence of an army of new business executives, not to mention the hard-working legions of pitch intermediaries.</p>
<p>Of course we all know that business is often done this way. A quiet word in the right ear, a favour done and returned, the whole thing completed via those at the top without (as would seem to be the case here) anyone else involved. Yes it’s life, but it all seems somehow unfair, and has little to do with the professional abilities of the agencies involved. When business moves like this I can’t help feeling that somehow diminishes and commoditises us all.</p>
<p>It’s not quite the same when an agency decides to use the group CEO as a key asset in winning business. In those cases Sir Martin Sorrell or John Wren (or whoever) are part of a team demonstrating how the agency would add value to the client’s business.</p>
<p>In any event, what the O2 example does is announce that Vincent Bollore, and thus Havas (once he completes the deal to take him above 50% of the business) are real forces to be reckoned with. If Bollore can do things like swing a £400m account then he will be a major asset to Havas. It will be fascinating to watch the response, particularly amongst the advertising elite in France, where Maurice Levy (who’s Publicis does of course own Zenith, as well as Starcom who lost Telefonica business in LatAm as part of the same deal) has for many years reigned supreme.</p>
<p>I’ve always rather liked Havas. They’ve always appealed as an alternative to the giants. There are many good people within the media operation, here and overseas. They have also behaved with some class over this affair. It must have been tempting to claim the O2 win as justification for their approach, or their excellence in one aspect of media or another, which would have made them look a little silly as it seems that these factors had a slim to nil impact on the result.</p>
<p>But as far as I can see the Havas media people have kept quiet. It must be a little embarrassing to win like this – but you know what? Sometimes good things happen. When they do, just shake your head, don’t try to explain it and count your good fortune. And feel more than a little sorry for those to whom sometimes bad things happen when they least deserve them.</p>
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		<title>The Superpowers of Sir Martin Sorrell versus the UK Government</title>
		<link>https://www.bjanda.com/blog/the-superpowers-of-sir-martin-sorrell-versus-the-uk-government/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 21 Oct 2014 08:26:51 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=465</guid>

					<description><![CDATA[Anyone who works for or has ever worked for Sir Martin Sorrell’s WPP will know the email story. Basically, if you send Sir Martin an email you will get a personal response within around 30 minutes. I can vouch for this being the case. I even tried the theory out after I had left WPP; [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Anyone who works for or has ever worked for Sir Martin Sorrell’s WPP will know the email story. Basically, if you send Sir Martin an email you will get a personal response within around 30 minutes. I can vouch for this being the case. I even tried the theory out after I had left WPP; and can report that it still holds.</p>
<p><span id="more-465"></span>Quite how Sir Martin does this is unclear; given the number of emails he must receive he must either have a supremely efficient and very well informed group of personal assistants, or he is indeed blessed with super email-answering powers. Whichever it is, it’s mightily impressive and certainly puts into context some of the difficulties faced in <a href="http://www.bjanda.com/blog/old-world-courtesies/">getting any response at all</a> out of some of his agencies.</p>
<p>But the great man’s superpowers don’t stop there. He is also it seems blessed with an ability to read his competitors’ minds. Only this last week Sir Martin was opining on why Omnicom’s CFO was leaving the organisation. Never mind the fact that Randall Weisenburger’s reasons for leaving are a matter for Omnicom and its CEO John Wren; never mind that maybe Mr Weisenburger’s reasons might be private and personal; never mind that there is no possible explanation that makes any of this any of a competitor’s business; none of this stopped Sir Martin informing journalists that he found this development “remarkable”.</p>
<p>Of course Sir Martin wouldn’t be Sir Martin if he didn’t link this departure with the failure of the Omnicom Publicis merger; a failure that has had the great man turning metaphorical cartwheels of delight ever since it happened. As he said to ‘Campaign’: &#8220;It’s quite remarkable that you’ve had this reorganisation at Publicis and that you’ve had this resignation of the CFO of Omnicom…”.</p>
<p>A few weeks ago, in the most daring demonstration yet of his competitor-reading superpowers Sir Martin took on the UK Government. For those unaware, here’s the background.</p>
<p>The UK Government spends a lot of money on advertising. Where it ranks in the top spenders table varies by year but suffice to say that the Government is generally amongst the top 5. The account is much sought after, not just for its size but also for the kudos, the contacts and the political clout it brings to the incumbent.</p>
<p>Four years ago, the Government decided to centralise all media activities into one agency (previously the business had been split amongst a number of agencies by medium). A pitch was held and WPP’s GroupM triumphed. The GroupM solution was to set up a separate dedicated media agency called M4C to handle the business.</p>
<p>I am sure that M4C has done a fine job, but in due course a statutory review was called, as is usual with such contracts. This was duly announced and a 6-month process was begun involving objective experts, including the largest of the media auditing businesses, Ebiquity.</p>
<p>The details aren’t in the public domain (or if they are I’m not aware of them) but at the end of what was one imagines a highly rigorous and tightly controlled process the result was announced. M4C had lost; Carat had won.</p>
<p>No doubt there were serious celebrations at Carat (who had it seemed been targeting this business for many months, and had hired senior people with experience at handling Government business to drive the agency’s efforts); and equally there must have been a great deal of disappointment at M4C, even if at an individual level the TUPE rules would mean that many would be offered jobs in the new Carat team.</p>
<p>Enter Sir Martin and his superpowers. This being a Government contract there was the option of an appeal offered to the losing organisation. You don’t offer a man like Sir Martin an opportunity like this without him grabbing it with both hands. As <a href="http://www.campaignlive.co.uk/opinion/1311454/loss-govt-media-buying-business-sure-queried-sorrell/?HAYILC=RELATED">predicted</a> by Arif Durrani in ‘Campaign’ a month or so ago, lawyers were engaged and the appeal commenced, to general surprise.</p>
<p>Last week a rather interesting story appeared in ‘The Financial Times’. The paper’s Digital Media Correspondent, Robert Cookson <a href="http://www.ft.com/cms/s/0/79c208ce-5525-11e4-89e8-00144feab7de.html#ixzz3GVCUACpJ">reported</a> that not only was GroupM taking legal action to appeal the loss of the contract, but also that they had taken the unusual step of obtaining a court order blocking public access to information about the case.</p>
<p>Cookson went on to comment that it is ‘rare’ for UK courts to keep court documents private during civic proceedings. GroupM maintain, reasonably enough that commercially sensitive information is included in their appeal papers, hence the need for a block.</p>
<p>Block or no block this is still an unusual state of affairs.</p>
<p>GroupM no doubt gave the pitch their best shot. Carat one imagines did the same. The auditor would have evaluated all submissions thoroughly. Government officials would have gone to huge lengths to ensure fair play.</p>
<p>GroupM cannot have known what Carat proposed; and vice-versa. Neither GroupM nor Carat can have had any influence over the independent, objective view of Ebiquity, who presumably recommended that Carat be hired.</p>
<p>Yet GroupM is so sure that they’ve been wronged that they are prepared to go to the expense and inconvenience of an appeal. This has to be high-risk, surely. If the appeal succeeds and GroupM emerges triumphant after all then stand by for a Carat counter-appeal. Furthermore the reasons why the original decision (to award a Government contract to Carat) has been over-turned will come under scrutiny. This in turn will risk exposing whatever it is that GroupM is keen to keep hidden.</p>
<p>There can only be one explanation. Sir Martin’s superpowers enable him to be aware of Carat’s original proposal; and thus to be so positive that his agency’s proposal is superior that he is prepared to go to court to prove that he is right and everyone else involved has either made an error or is simply misguided.</p>
<p>Yes, that has to be it.</p>
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		<title>David Abbott and the Giant Ad Factory</title>
		<link>https://www.bjanda.com/blog/david-abbott-and-the-giant-ad-factory/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 17 Oct 2014 08:07:06 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=460</guid>

					<description><![CDATA[About 10 years ago, the late David Abbott wrote a memo (remember them?) to his colleagues at Abbott Mead Vickers. The memo is well worth a read. It started: “It’s very hard to become a good advertising agency – it’s perhaps even harder to remain one.” Abbott went on to decry the trend to throw [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>About 10 years ago, the late David Abbott wrote a memo (remember them?) to his colleagues at Abbott Mead Vickers. The <a href="http://www.creativereview.co.uk/cr-blog/2014/september/david-abbott-memo-warns-of-future-adland-mediocrity">memo</a> is well worth a read. It started: “It’s very hard to become a good advertising agency – it’s perhaps even harder to remain one.”</p>
<p><span id="more-460"></span>Abbott went on to decry the trend to throw volume at a problem. His particular example concerned the number of creative teams within his agency set to work on a brief for Volvo. Seven teams had prepared 50 scripts to show to the client – a client that the agency had held for (then) about 20 years and therefore was very familiar with. Running through the merits of having one team fully committed to the problem at hand, the memo concluded: “….the alternative is unthinkable. A giant ad factory where quantity is more important than quality.”</p>
<p>It always used to be parroted that size was essential in media. It’s easy to see the rationale; if you weren’t the biggest you couldn’t use the maximum leverage against the big, bad media owners. There was always a grain of truth in this, as yes volume is clearly important. But what volume buys you, above a louder voice and a bigger stick is access to the best people, and the ability to invest in both the brains and the technology that will ultimately lead to the best tools and thus, one would hope the most insightful plans.</p>
<p>Marry insightful plans with buying clout and you’re off to the races.</p>
<p>But at the same time the ‘size is all’ argument is a lazy one. It’s nonsense to suggest as many did during the farce that was the aborted merger between Publicis and Omnicom that a new, giant Publicom would somehow automatically relegate GroupM to also-rans in the ‘my discount is bigger than yours’ stakes.</p>
<p>It is equally absurd to think that once an agency scales the volume heights to sit proudly at the top of the tree then the competition all suddenly start to achieve comparatively less-good prices from sales teams. Agencies come and go; even GroupM won’t be the largest for ever more; I have little doubt that when that awful day dawns they will still be pretty good at negotiating prices.</p>
<p>There is also the counter argument that it is more affordable for media owners to hand out goodies to smaller agencies than to the big guys. A variation on this theme was promoted by Leo Burnett in Chicago when I worked there in the 1990’s. Burnett’s media operation was amongst the biggest in the US, but they always maintained their real advantage was being in Chicago, and thus away from the industry gossip and the sharing-of-discount stories that infected the New York scene at the time</p>
<p>The concern is that the ‘big is good, so biggest must be best’ argument starts to be believed by those doing group negotiations. Apart from leading to a most unattractive arrogance in behaviour, surely whether GroupM (or anyone else) gets the best prices against some notional, and flaky norm matters less than that they bring together great insight and great prices? And yet in the perennial battle between buyer and planner the victory, and the industry’s focus therefore seems to have gone to the buyer.</p>
<p>This is a short road to nowhere for the media agencies. The problem is that once this becomes a commodity price-driven game then as agencies you have to play it with procurement professionals, who are in many cases supremely good at what they do (and regularly rather better than your average media trader).</p>
<p>How can you win the argument that as an agency you value planning above all else, when you can’t (by the agencies’ own admission) convince anyone to pay you for it?</p>
<p>The large media agencies have invested in good planners, systems and research. In the same way that Abbott Mead as a large agency is able to attract top talent, so it goes with the media agencies.</p>
<p>David Abbott’s point in his memo is that his agency must always believe in its own abilities to deliver what it felt the client needs, which as we all know may not be the same thing necessarily as what the client thinks he wants.</p>
<p>So it should be with the media agencies although here the mantra might be that what’s best for the client is certainly not always best for the agency. It would be a pleasant change if agencies spent more time focussed on how to maintain the integrity of their plans throughout the trading process. Failing to maintain this integrity is setting the agencies back years as advertiser trust is eroded, apart from being behind the general sense of unhappiness amongst staff at agencies, as we said <a href="http://www.bjanda.com/blog/cheer-up/">here</a> a little time ago.</p>
<p>It seems clear that fewer people than before want to work in “a giant ad factory where quantity is more important than quality”.</p>
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		<title>Old World Courtesies</title>
		<link>https://www.bjanda.com/blog/old-world-courtesies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 07 Oct 2014 10:46:00 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=456</guid>

					<description><![CDATA[A weird and atypical sense of calm and well-being has descended on the Cog Blog. As an avid reader of the trade press in all its forms I often come across pieces I wish I had written (or indeed even thought of). Last week’s ‘Campaign’ contained a column from Nick Emery, Global Chief Executive at [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A weird and atypical sense of calm and well-being has descended on the Cog Blog. As an avid reader of the trade press in all its forms I often come across pieces I wish I had written (or indeed even thought of). Last week’s ‘Campaign’ contained a <a href="http://www.brandrepublic.com/opinion/1314891/impatient-business-thats-big-self-esteem-mind-ps-qs/?DCMP=ILC-SEARCH">column</a> from Nick Emery, Global Chief Executive at Mindshare on the importance of politeness and courtesy. Not only did I wish I had written this, for once I actually had already <a href="http://www.bjanda.com/blog/kissing-frogs/">done so</a> exactly a year ago (even if not as elegantly as Nick).</p>
<p><span id="more-456"></span>Aside from showing off both my perspicacity, and the fact that clearly the chief honcho at Mindshare is amongst the uncounted legions blissfully unaware of my rantings here, the issue Nick raises is I feel important. It also points up another issue – namely that what CEO’s say in the trade press, and what the operations they run do in practice are two very different things.</p>
<p>First off, why is Nick correct? The ad business in all its forms has always been driven by personal relationships. The best creative work comes from a seamless flow of information and trust between agency and client. The best media plans from an understanding of the art of the possible, for which one needs the collaboration and goodwill of media owners (plus information, trust etc). Common to these is people.</p>
<p>Even the most rabidly enthusiastic digital disciple recognises that without people we are all sunk, not to mention unemployed. Algorithms and systems are all very well, but the magic bit comes from people.</p>
<p>And people like to be treated courteously and with respect. No-one in any walk of life likes to be ignored, or to have people treat them as if their point of view simply counts for nothing. So why do people ignore emails; not answer phones; fail to return calls or cancel meetings at ridiculously short notice?</p>
<p>Oh, we’re so busy comes the refrain. Well, a dog chasing its tail is busy, albeit engaged in a pointless and unrewarding activity. We have too many dogs chasing their own tails in this business.</p>
<p>When I’m Secretary of State for Culture, Media and Sport (I’m awaiting the call) I would link all headphones in offices to the phone system in such a way as to blast the person wearing them with white noise that increases the more their phone rings. I would also stop paying individuals’ salaries once their inbox tipped over 100 unread entries.</p>
<p>A while back I went to see an agency. I was asked to do so by the client who had found the time to see me and who liked whatever idea I was flogging at the time. We made an appointment with the person we were asked to go to see, who replied very promptly, copying the client and setting a date. Yes, she would be delighted to see us, and yes she would involve both her team and her colleagues. Yes she would book a room and lay on monitors (we had a video), speakers and the rest.</p>
<p>When the three of us showed up with all our kit we were kept waiting about half an hour. When the host showed up it turned out she hadn’t invited anyone and hadn’t booked anything. We met her in a café, which was very noisy and hardly conducive to showing a film. She started the meeting by telling us all about her forthcoming holiday. Then, 10 minutes after we had finally started our bit a secretary showed up (in a painfully obviously choreographed moment) to say the host had to take a call. So we had to go. We found our own way out.</p>
<p>As one of my colleagues (a guy who has started more successful businesses than he cares to remember, and who has the grey hair and gravitas to prove it) said: ‘I simply don’t understand how people behave in your business’.</p>
<p>The agency of course was Mindshare. No doubt after Nick’s piece this wouldn’t happen today.</p>
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		<title>The IPA and Ad Effectiveness</title>
		<link>https://www.bjanda.com/blog/the-ipa-and-ad-effectiveness/</link>
					<comments>https://www.bjanda.com/blog/the-ipa-and-ad-effectiveness/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 01 Oct 2014 15:15:45 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=449</guid>

					<description><![CDATA[This post was commissioned by the IPA, the UK ad agency trade body, and first appeared (in a marginally different form), on the IPA blog and newsletter. For more information on the IPA Ad Effectiveness programme, see: http://www.ipa.co.uk/effectiveness Earlier this year I was asked to be one of the judges of the IPA Ad Effectiveness [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><b><i>This post was commissioned by the IPA, the UK ad agency trade body, and first appeared (in a marginally different form), on the IPA blog and newsletter. For more information on the IPA Ad Effectiveness programme, see: <a href="http://www.ipa.co.uk/effectiveness">http://www.ipa.co.uk/effectiveness</a></i></b></p>
<p>Earlier this year I was asked to be one of the judges of the IPA Ad Effectiveness Awards. The papers were long (they averaged around 4,000 words) but the 35 I read were almost all strong on narrative, and beautifully written. They genuinely were a pleasure to read.</p>
<p><span id="more-449"></span></p>
<p>Now the IPA has invited me to pen some thoughts on ‘effectiveness’, illustrated with examples. Anything goes as long as I don’t choose anything entered in this year’s Awards (as the winners are still to be revealed). So my thoughts are refreshingly free of facts and evidence, and strong on opinion.</p>
<p>What makes for an effective campaign, something that delivers results to the business? There are of course many factors, but I think two key criteria are consistency and longevity. By consistency I mean that there not only needs to be a strategic idea, but that idea has to work across as many channels as are appropriate to reach and influence the target. Longevity is important: campaigns should be given the time to percolate, to develop in the minds of the target.</p>
<p>I don’t think it’s just my imagination, but it seems as if many campaigns these days are designed to be short-term. That’s not to say that all are necessarily offer-based, or response driven (not that either are necessarily a bad thing), but ideas do keep flaring and vanishing. The focus is too often on tactics over strategy. The need for short-term results is obvious, but there’s enough excellent work around, from the IPA amongst others demonstrating both the long-term effects of advertising, and what ‘effective’ looks like. And yet the benefits of a consistent strategic approach are too often swallowed up by the allure of a quick headline, or multiple shares on social media.</p>
<p>Here’s an example from OralB, a still from a recent TV ad:</p>
<p><img loading="lazy" alt="" 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" width="440" height="283" /></p>
<p>Now, this is clever, and fun, and it raises both a smile and a load of positive social media comments. Of course it’s a stunt. There’s nothing wrong with that, there’s always a place for smart tactics but is a street cleaner anything at all to do with the OralB brand? Is the tone related to the rest of OralB’s advertising, or brand communication? Is the OralB brand known for its humour, or its style? The stunt would work so much better if it bore some passing association with the brand’s mainstream activity, and vice-versa.</p>
<p>Compare and contrast with my choice as a highly effective, long running campaign, for BMW. For many years now BMW advertising has followed a consistent path. Here’s how their then agency WCRS explained the four core values central to the brand’s communication strategy in an IPA paper:</p>
<p><i><span style="text-decoration: underline;">Performance</span>: &#8216;cars which are rewarding to drive&#8217;.</i></p>
<p><i><span style="text-decoration: underline;">Quality</span>: &#8216;quality which permeates every aspect of BMW ownership, from initial design through to</i><i> servicing&#8217;.</i></p>
<p><i><span style="text-decoration: underline;">Advanced technology</span>: &#8216;the most relevant and thoughtful technology&#8217;.</i></p>
<p><i><span style="text-decoration: underline;">Exclusivity</span>: &#8216;values not available elsewhere; only BMW could make a car like this&#8217;.</i></p>
<p>Every BMW features a different aspect of these core values – with these different aspects selected for their appropriateness to those exposed to the medium in which each ad appears. In other words, the agency linked message and medium in a way that is all too rare today.</p>
<p>The core values, and their expression have no doubt changed and evolved over time – but they are recognisable today. Which is impressive as the paper from which I pulled these quotes was written 20 years ago, in 1994.</p>
<p>BMW and WCRS have, unlike OralB carried the mainstream advertising’s style and approach through into one-off tactical work. For the last 14 years the brand has run an April Fools’ Day ad. Here’s one example:</p>
<p><img alt="" 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" /></p>
<p>The connection between mainstream and tactical benefiting is clear (and as a BMW loyalist might I add I really wish they would invent this).</p>
<p>The irony is that WCRS lost the BMW account earlier this year. The new agency (FCB Inferno) has a lot to live up to.</p>
<p>Another example of consistency, over time and across channels is Paddy Power, the Irish bookmaker. Here’s a brand that positions itself as the cheeky chappy of the online gambling world (a world, incidentally I know nothing about). By observation Paddy Power uses a wide range of communication channels, including TV, print, OOH, various social media channels including Facebook and Twitter, product placement (if that’s the right term for the footballer Nicklas Bendtner’s underwear), hill carving, and sky-writing (using comments tweeted during the last Ryder Cup).</p>
<p>In every piece of communication I’ve seen the brand’s positioning is clearly and effectively communicated, and enhanced. In every medium, the brand’s consistency shines through, although whether the activity has delivered to rigorous, set objectives is a whole other question.</p>
<p>Jeremy Bullmore once famously wrote: “People build brands as birds build nests, from scraps and straws we chance upon”. It helps immeasurably in the building of effective campaigns if the foreman responsible for nest construction gives those doing the constructing enough time, and the right materials to complete the task.</p>
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		<title>Cheer Up</title>
		<link>https://www.bjanda.com/blog/cheer-up/</link>
					<comments>https://www.bjanda.com/blog/cheer-up/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 23 Sep 2014 07:57:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=444</guid>

					<description><![CDATA[Digiday carried a piece this week on how many unhappy people there are in agencies. They quote Havas Media’s Global CEO, Andrew Benett pointing out how poor they (he means agencies in general I imagine as opposed to this being a condition exclusive to Havas) are at looking after their people: “For organizations whose biggest [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Digiday carried a <a href="http://digiday.com/agencies/agency-people-grumpy/?utm_content=buffer92fce&amp;utm_medium=social&amp;utm_source=linkedin.com&amp;utm_campaign=buffer">piece</a> this week on how many unhappy people there are in agencies. They quote Havas Media’s Global CEO, Andrew Benett pointing out how poor they (he means agencies in general I imagine as opposed to this being a condition exclusive to Havas) are at looking after their people: “For organizations whose biggest capital is people, agencies don’t spend a lot of time thinking about how to make people happy”.</p>
<p><span id="more-444"></span>The Digiday piece doesn’t distinguish between different types of agency but certainly the points made are relevant within the media agency community, if my experiences are anything to go by. I’m sometimes asked to see and talk to young media people, something I’m always happy to do, as I well remember how much I appreciated anyone prepared to spend time with me. What I see and hear today is indeed in line with the Digiday article – there are it seems many disillusioned people within the media agency business (although to be fair those I see are less likely to be those deliriously happy to be doing what they do).</p>
<p>This is despite there being some good people initiatives around: some agencies sponsor staff to pursue external interests; some promote ‘leave your phone at work’ schemes designed to persuade people not to take their phones on holiday; there are away days, team building exercises, internal competitions, motivational talks and the rest.</p>
<p>And yet agency people are still grumpy (as Digiday puts it).</p>
<p>Some of those quoted (entirely predictably) blame client procurement teams; presumably on the basis that many in agencies have it drummed into them that client procurement teams are responsible for all things bad, from grumpy staff in their agencies to global warming.</p>
<p>Others say that clients just don’t take risks anymore (did they ever?). However few quoted seemed prepared to look internally, as of course to do so may well lead to the grumpy staff member being given something to be really grumpy about.</p>
<p>It is though internal issues that I hear aired more than any other.</p>
<p>The most common sentiment I hear is ‘this is not what I signed up to’. Most people join agencies because the work is varied and fascinating, the opportunity exists to bring you close to clients and their problems, and because agencies reward (or so the message on the tin says) creativity and originality in helping to solve these problems. Add these heady ingredients to the chance to work with and interact with interesting sparky people and the whole thing sounds alluring</p>
<p>What they ‘didn’t sign up to’ is being instructed to commit XYZ budget to the agency’s trading desk, or to particular media vehicles regardless of whether such an action is in the best interests of their client, in order to improve the margin on the business. Nor did they ‘sign up to’ the feeling of mistrust that exists between client and agency. And they certainly ‘didn’t sign up to’ being kept well away from the creative process going on within their partner advertising agencies as ‘we don’t have time for all that’.</p>
<p>Finally they certainly ‘didn’t sign up to’ having to justify the actions of their trading colleagues (who so often take on a really quite remarkable aura of invisibility whenever client meetings roll around) to their client, even though they know full well that the final buy bears little resemblance to the ideal plan.</p>
<p>Furthermore the interesting sparky people turn out to be more interested in their computer screens than in anything else; would rather send an email to the guy at the next desk than get up to talk to him; and never answer the phone in case someone puts them on the spot and asks them something difficult.</p>
<p>It’s all a terrible shame; we are living through a period of major change in the way in which media is planned, bought, sold and evaluated. It should be an invigorating, thrilling time to be in the agency business. I’m sure for those towards the top of the tree it is. But for many making their way it’s long hours, stress, little thanks and a client who thinks (not without reason, let’s be honest) that the agency is up to no good financially. Is it any wonder that so many jump ship to go to technology businesses, or publishers?</p>
<p>Yes, it was always long hours and stressful in agencies, but it was also exhilarating and above all fun. I’m glad I was part of it all when I was.</p>
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		<title>Better Together</title>
		<link>https://www.bjanda.com/blog/better-together/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 17 Sep 2014 13:56:20 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=440</guid>

					<description><![CDATA[Despite the headline this post has nothing to do with independence for Scotland (in just 13 words I’ve managed to lose half my loyal readership; and confuse the heck out of those reading outside what we can still for a couple of days at least call the UK, let alone those reading this after the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Despite the headline this post has nothing to do with independence for Scotland (in just 13 words I’ve managed to lose half my loyal readership; and confuse the heck out of those reading outside what we can still for a couple of days at least call the UK, let alone those reading this after the referendum results are known on September 19th). Rather it’s about the benefits of collaboration in audience measurement (that’ll get them flooding back…!).</p>
<p><span id="more-440"></span>Occasionally the old ideas really are the best. Sometime in the dim and distant past someone had the bright idea that life really was too short for buyers and sellers of space and time to spend time arguing the finer points of detail within audience measurement. That’s not to say these finer points aren’t important, just that it’s better to discuss them and keep refining them within the community of experts, then agree what’s best as an industry. That way everyone buys into the technique agreed and the numbers subsequently produced. Safeguarding the buying and selling currency, if you like.</p>
<p>This is known as the JIC (Joint Industry Committee) approach and although it throws up the odd passionate debate, by and large it continues to serve us well. It’s certainly a lot better than what used to happen in the US (to pick but one example) whereby two competing publishers typically used two different readership measurement techniques, depending on which showed their particular title in the best light. Sales calls thus became less to do with working out together what would work best for the advertiser, and more to do with whose research was best.</p>
<p>The evolution of the media business from content owner push, to consumer pull of course changes many things, but I would argue it doesn’t negate the benefit of advertiser, agency and media owner working together. In fact I would argue just the opposite, it makes working together in all kinds of ways an absolute imperative.</p>
<p>There was a recent tremor in the audience measurement community here when the newspaper marketing body, Newsworks announced it was considering leaving the industry standard print measurement the NRS (National Readership Survey). Their argument runs that ‘newsbrands’ these days are consumed in very different ways from magazines, and that therefore any measurement technique needs to reflect those differences. The one size fits all approach might no longer be appropriate is their point.</p>
<p>The counter argument is that planners still plan campaigns using both newspapers and magazines and that dividing the measurement system won’t aid integrated planning. Hopefully both needs can be accommodated within an over-arching system. I certainly see no reason why not.</p>
<p>The weird disappointment when it comes to collaboration is online advertising. Weird as after all, online is all about two-way conversations isn’t it? The trade body sort-of responsible, the IAB is an odd creature. It’s a franchise, which means it’s hard to impose any but the most basic principles across territories (which in this case basically means globally). Thus it is particularly toothless when it comes to moving towards any sort of consensus beyond the bland.</p>
<p>The online industry has been through a cycle that started with fast growth (‘who needs any form of research when you’re growing at 25% + a year’); progressed through arrogance (‘look, we’re the biggest medium in the universe, we can do anything and if you don’t understand it, more fool you’); stumbled into realisation (‘the display ad dollars aren’t quite what we had hoped; we need to convince advertisers we deliver something’); and eventually arrived at chaos (‘who’s responsible? Who does what? There’s fraud everywhere, nothing’s transparent, and no-one trusts us’).</p>
<p>When chaos reigns there are inevitably multiple opportunities for all sorts of chancers to make money out of the confusion. Hence an online advertising ecosystem has emerged that literally defies description (unless you’re Rob Norman).</p>
<p>The other thing about crazily over-complex ecosystems is that they eventually start to make sense when everyone involved concludes that it would be smart for all parties, from advertisers, to planning agencies, trading desks, adtech specialists and publishers to sit down together and sort out a basic trading currency.</p>
<p>Yes, we’re better together (and that’s both sides in Scotland covered).</p>
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		<title>Advertisers Speak Out</title>
		<link>https://www.bjanda.com/blog/advertisers-speak-out/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Sep 2014 09:01:07 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=435</guid>

					<description><![CDATA[It is unusual for individual advertisers to contribute to media industry debate. When they do, their comments are generally made anonymously and via their trade bodies: organisations like the ISBA in the UK, the ANA in the US, and the WFA globally. Furthermore, those engaging via the trade bodies tend to be few in number [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It is unusual for individual advertisers to contribute to media industry debate. When they do, their comments are generally made anonymously and via their trade bodies: organisations like the ISBA in the UK, the ANA in the US, and the WFA globally. Furthermore, those engaging via the trade bodies tend to be few in number and drawn from a small pool of engaged and well-informed practitioners. So the recent announcement from the WFA (World Federation of Advertisers) on digital trading, quoting several prominent advertisers is certainly worthy of note.</p>
<p><span id="more-435"></span>The WFA has done what trade bodies should do – it’s issued a set of guidelines prepared by those with specialist knowledge to help the broad membership. The specific this time is how to make the most of programmatic trading. Further, these guidelines aren’t the result of one or two evangelists banging a particular drum, they emerge from research on what a broad sample of advertisers think about digital trading.</p>
<p>The headline is that advertisers see great merit in programmatic trading, but they don’t like the way the cash flows around the ecosystem. Furthermore, they increasingly don’t trust the major agency trading desks to act in their (the advertisers’) best interests.</p>
<p>The bald facts are that what seems to have become within adtech land an accepted need to keep the legions of middle men in the manner to which they’ve become accustomed, means that of $100 invested by the client, only around $40 finds its way to the end publisher. Factor in fraud, bots, lack of viewability and the rest and that number reduces still further. This so-called technology tax is a bad state of affairs – and has a great deal to do with the lack of trust so many advertisers feel towards the online business.</p>
<p>As Mark Butterfield, now at the pharmaceutical giant Boehringer Ingelheim and a man who knows a thing or two about the media business says:</p>
<p>“We have little or no clear understanding of what percentage (of digital spend) is being delivered to the media owner and what is being taken in fees from either the agency or middle men. There needs to be clarity in the value chain otherwise clients will continue to question the validity of the digital buy.”</p>
<p>As The Cog Blog has commented <a href="http://www.bjanda.com/blog/self-interest-and-responsibility-in-agency-land/">before</a>, one might question why the agencies don’t move to help their clients get more from their budgets by streamlining the process. Because they’re in on the scam, that’s why. And when self-interest meets responsibility to the client, it tends to be self-interest that wins.</p>
<p>When it comes to agency trading desks, the WFA study shows that 76% think they’re less transparent than more traditional media trading practices, and although these ATD’s still account for by far the majority of online activity, the % of clients using them has fallen from 81% to 69%. Independent trading desks on the other hand have seen their share of advertisers rise from 8% to 30%.</p>
<p>Now there’s light and shade in these numbers, but the trend is clear: advertisers think online advertising is populated by a lot of people making money and delivering little of value to them, the owners of the budgets; and they feel that their agencies, the people who would you think be the very people to turn to for advice and guidance are in on the scam.</p>
<p>It seems, as I have said <a href="http://www.bjanda.com/blog/its-hard-to-be-a-trusted-advisor-without-the-trust/">here</a> before that there is a groundswell of opinion amongst large advertisers that those they still label their &#8216;media buyers’ are not to be trusted. Those heading agencies would be wise to pause for a moment in their celebrations of smart planning and consider whether attention needs to be paid to their corporate reputations, especially as I suspect most advertisers don’t make the distinction between (say) Carat and Amnet. To the client the responsibility lies with (in this case) Carat.</p>
<p>At the end of the day there is increasingly only really one source of money – the client. And any business in which the paying customers don’t trust the very people entrusted with their budgets isn’t in a particularly strong position.</p>
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		<title>How to Start (and Sell) a Media Agency</title>
		<link>https://www.bjanda.com/blog/how-to-start-and-sell-a-media-agency/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Sep 2014 09:09:48 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=431</guid>

					<description><![CDATA[There’s a much-reposted piece out there on how to start a creative agency. Clearly the world needs a companion piece on media; and equally clearly it’s up to The Cog Blog to deliver such a thing. So, in the unlikely event that there are still people whose life-long ambition is to start a media agency, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There’s a <a href="http://www.thepoke.co.uk/2014/08/18/how-to-start-a-creative-agency/">much-reposted piece</a> out there on how to start a creative agency. Clearly the world needs a companion piece on media; and equally clearly it’s up to The Cog Blog to deliver such a thing. So, in the unlikely event that there are still people whose life-long ambition is to start a media agency, The Cog Blog offers this cut out and keep (we suggest you print it first) guide to attaining your dream.</p>
<ol>
<li><span id="more-431"></span>Find a partner. It’s a lonely occupation doing this stuff so you need someone equally barmy to talk to. It helps if one of you is a trader, and one a thinker. Traders rarely think; and thinkers definitely don’t do trades.</li>
<li>Find an accountant. There are herds of unemployed freelancers wandering around. Pick one. You know you don’t want to do all the money and admin stuff and sadly someone has to.</li>
<li>Think of an unlikely name. Your best bet is to look at the name of the pub you’ll no doubt be sitting in (didn’t do The7Stars any harm).</li>
<li>If you’re in The Crazy Cow, move to a different pub.</li>
<li>Find somewhere to sit. Try your mates; many have trodden this path before you and will have acres of empty space filled with desks made from driftwood and the ghosts of unfulfilled dreams. They might accommodate you.</li>
<li>Buy a computer. In fact buy loads and fill them with links and apps. Doesn’t really matter what they are, as long as there are a lot, with little itsy-bitsy logos.</li>
<li>Make a short list of any clients you know who might be crazy enough to entrust his or her budget to you. Odds are you’ll have worked with him or her before and not messed up, so start there.</li>
<li>Approach these prospects. Offer them any commercial terms, however crazy in return for a project. Try to keep the desperation out of your voice.</li>
<li>Work out how much you’ll have to spend on media research. A media agency without numbers is like a creative agency without a table football machine – simply unbelievable.</li>
<li>Review the research numbers; then cry. When you’ve stopped crying make a list of everyone you know who a) has money and b) might be prepared to back you. Approach same, ideally over lunch.</li>
<li>Buy a copy of ‘Bluff Your Way in Digital Marketing’.</li>
<li>Approach media owners. Share your dreams. Look hurt when they laugh. Ask for credit.</li>
<li>Work out a positioning that differentiates you from every other media agency. This is best done by selecting words at random from old ‘Campaign’ or ‘AdAge’ articles. However, as with all creative tasks there are some ‘must haves’. These include the words ‘storytelling’, ‘big data’, ‘programmatic’, ‘native’, ‘transparent’ and ‘channel neutral’. It doesn’t matter what order, or how you work them in as no-one knows what they mean anyway.</li>
<li>Call the trade press. Explain your unique positioning. Grovel.</li>
<li>Call the trade press back. Announce your first client.</li>
<li>Do work. Enter every award. Have lunch with past and likely future award judges (this is a small pond, so knock yourself out). Network. Attend every party, accept every invite. Use every social media site out there to make gnomic statements. Become known for same.</li>
<li>Have lunch with an old friend from GroupM. Be sure to be photographed (no, not a selfie).</li>
<li>Call the trade press to tell them you’ll never ever sell to Martin Sorrell (never did Chris Ingram any harm).</li>
<li>Sell to Martin Sorrell (never did Chris Ingram any harm).</li>
<li>Buy the pub where this ‘crazy journey’ started and retire to run it. An alternative is to buy your local football club (as long as it’s not Manchester United).</li>
</ol>
<p>Good luck. You’ll need it.</p>
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		<title>Holiday Break</title>
		<link>https://www.bjanda.com/blog/holiday-break/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 22 Aug 2014 07:55:33 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=426</guid>

					<description><![CDATA[We&#8217;re taking a brief break this week; back the first week of September. Hope to see you here then.]]></description>
										<content:encoded><![CDATA[<p>We&#8217;re taking a brief break this week; back the first week of September. Hope to see you here then.</p>
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		<title>Xaxis, Accuen and their Friends in the Agencies</title>
		<link>https://www.bjanda.com/blog/xaxis-accuen-and-their-friends-in-the-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 20 Aug 2014 08:56:46 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=417</guid>

					<description><![CDATA[We all learn. In my case one key learning from over a year of blog posts is: ‘Put Xaxis in the title and watch the audience numbers soar.’ It is tempting to do what I was going to do this week (a piece about the JICs) and simply put Xaxis in the title (‘Xaxis vastly [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>We all learn. In my case one key learning from over a year of blog posts is: ‘Put Xaxis in the title and watch the audience numbers soar.’ It is tempting to do what I was going to do this week (a piece about the JICs) and simply put Xaxis in the title (‘Xaxis vastly improves joint industry studies’?); but there’s no need for such trickery. Last week’s post in which I was a wee bit positive has generated some response, so this week I feel I need to expand on ‘wee bit’.</p>
<p><span id="more-417"></span>Media agencies are curiously schizophrenic organisations. On the one hand, they see themselves as competing in the same management consultancy space as McKinsey (note to agencies reading this: no-one else sees you like this; it’s a self-delusional thing); on the other they feel the need to come over all coy when it comes to how they make money.</p>
<p>McKinsey and the rest see no need for such coyness. They charge a huge fee for giving advice. Clients pay it as they feel they receive value for money. End of story.</p>
<p>There’s a lesson here for the agencies. On the one hand they tell each other (over and over again, ad infinitum) how much value they add to the client’s business. They tell other people too – like the trade press, media owners, technology partners and conference organisers – but oddly by their own admission (‘clients won’t pay for planning’) they have failed to make the case successfully to the only people who matter: the clients.</p>
<p>If the advice they give, and the service they provide is genuinely so useful (as I honestly believe it can be), how come no-one really wants to pay for it?</p>
<p>Is it all bound up with new payment models, like payment by results? Results-based payments have been around for years, they can and often do work very well; but they don’t suit every circumstance.</p>
<p>I can’t help feeling that one reason why clients don’t pay agencies for the contribution they’re more than capable of making to business success is because they think the agency is getting paid plenty already, if not directly by them.</p>
<p>Whereas this all used to be a bit ‘nudge, nudge, wink, wink’, unofficial agency income and how the system works has become common knowledge, partly because there are so many ex-agency people knocking around the system these days (several of them at large clients). Even the trades write about agency deals and kick-backs, about the lack of transparency, and how trading desks are in large part there to deliver revenue to the parent without the client knowing about it. None of this is in any way secret any more.</p>
<p>Last week I said that Xaxis was introducing a degree of flexibility to their model. I praised them for this; and I meant it. But Xaxis still buys from itself (or from its sibling 24/7); it is still opaque in its trading practices. It still brokers digital space.</p>
<p>Xaxis is at least being clear, or clear-ish. What news of Accuen, the Omnicom version? Some mystery surrounds this. Even Google, which turns up 373,000 results for Accuen knows comparatively little (Xaxis generates over 5 million results). Even the mighty Cog Blog has failed to date, having been fobbed off by Accuen, and having had requests for an explanatory call refused despite the active help of Omnicom Media Group.</p>
<p>All we know about Accuen is that they are programmatic experts; and they run an arbitrage model, according to Omnicom’s CFO Randall Weisenburger speaking to analysts (and AdAge) a couple of weeks ago. Even though as recently as March Annalect’s CEO (Annalect is Accuen’s parent – do keep up!) said they didn’t.</p>
<p>The point is that the workings of many of these trading desks are still something of a mystery. It’s almost as if the others are happy to sit back and let Xaxis cop the flack.</p>
<p>Meanwhile their agency partners (I would agree with GroupM’s Rob Norman and say agency leaders), the Starcoms, OMDs, MediaComs, Carats, Havas and the rest continue what has been (it has to be said) a highly effective campaign to position themselves as business partners to their clients; at the exact same moment that many of their traders are behaving in a distinctly un-partner-like fashion.</p>
<p>If agencies were serious about business partnerships and about being paid accordingly they would come clean about the unofficial or non-transparent income they make. They would sit down with their clients, put all their cards on the table, have a grown up, partner-like conversation and reset the remuneration discussion.</p>
<p>They might well be doing this of course. I hope so.</p>
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		<title>Xaxis Edges Towards Its Whyaxis</title>
		<link>https://www.bjanda.com/blog/xaxis-edges-towards-its-whyaxis/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 14 Aug 2014 07:27:34 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=414</guid>

					<description><![CDATA[Last week AdAge in the US ran a story headlined: “WPP Media Agency Group to Offer Flexible Alternative to Xaxis”. Loyal Cog Blog readers will no doubt mutter something inaudible into their pints of Old Peculiar and take a long, self-satisfied draught on their Meerschaum pipes. I have been critical of the Xaxis model; and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week AdAge in the US <a href="http://adage.com/article/agency-news/wpp-s-groupm-offer-flexible-programmatic-alternative/294522/">ran a story</a> headlined: <b>“WPP Media Agency Group to Offer Flexible Alternative to Xaxis”. </b>Loyal Cog Blog readers will no doubt mutter something inaudible into their pints of Old Peculiar and take a long, self-satisfied draught on their Meerschaum pipes. I have been critical of the Xaxis model; and therefore it’s only right to say ‘fair play’ to them when they admit it’s time to evolve that model. Even if my moaning might conceivably have had slightly less to do with the change of approach than the words and actions of the likes of Unilever, P&amp;G, Nestle, and Kellogg’s.</p>
<p><span id="more-414"></span>What is being introduced is a degree of flexibility within the Xaxis model. There will be changes introduced to allow those advertisers not prepared to sign a non-disclosure clause within their contracts (a clause that stops them from seeing just how Xaxis generates its revenue) to consider Xaxis should they wish to do so. Thus a degree of transparency is introduced into what has been a rather murky picture.</p>
<p>At the same time as becoming more flexible (although quite by how much remains to be seen), there are also signs of work on the Xaxis brand’s to-date rather toxic positioning. Xaxis is it seems moving to establish itself as a responsible guardian of online advertising, according to an Adweek <a href="http://www.adweek.com/news/technology/xaxis-fights-fraud-money-back-guarantee-brands-159356">story</a> also last week.</p>
<p>This reported on a new Xaxis product that claims to detect fraud by measuring whether or not humans are behind responses to online campaigns. Xaxis is promising clients money back if the % of responses down to non-human activity goes beyond 5%, or if viewability drops below 90%. They also offer brand safety checks (to ensure that brands don’t appear anywhere unsavoury). Cynics might say that these are just the sort of initiatives the industry as a whole should undertake, but as the IAB and others seem incapable of sensible action, it’s to Xaxis’ credit that they are setting out their stall as a challenge to others.</p>
<p>There is a final interesting slant to the flurry of trade press activity, and that is that it is now going to be up to GroupM’s media agencies to ‘manage programmatic execution’ as an element in being responsible to their clients for all aspects of delivery. The AdAge piece quotes GroupM’s Chief Digital Officer, Rob Norman saying: <b>“Agencies need to retain their place in the value chain as new channels emerge. If we don&#8217;t do that, there&#8217;s the temptation for clients to take more of those [buys] in-house, as they don&#8217;t believe the agency is organizing itself with the right people, tools and engagement models”.</b></p>
<p>In effect and in painfully old-fashioned language they seem to be saying that planning comes first, buying follows the plan, which is good to hear.</p>
<p>All of this is no doubt in large part due to the fact that many large clients didn’t feel too happy with the original Xaxis offering, and said so. As I’ve said on various public and private platforms lately, ultimately it’s up to clients to make sure they understand what’s on offer from those doing the offering – there are always some for whom the pay-off of cheap-as-chips space in return for little control or visability over online activity makes some sense. There are others (and they tend to be the larger, more sophisticated players that make up a large part of any major agency’s client base) for whom full transparency across all activities  is an important consideration, and for whom fraud, viewability and inappropriate placements are real concerns. You pays your money; you takes your choice.</p>
<p>At the end of the day there is only one real source of money, to ad agencies, media agencies, digital middle men, publishers (increasingly), ad tech suppliers and the rest of our world. And that’s advertisers’ budgets. Given that, listening to, respecting and reacting to the views of your clients is generally a smart thing to do.</p>
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		<title>The Tyranny of Undiluted Numbers</title>
		<link>https://www.bjanda.com/blog/the-tyranny-of-undiluted-numbers/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 11 Aug 2014 09:40:54 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=405</guid>

					<description><![CDATA[Last week, the always-worth-a-read Dominic Mills, writing on Mediatel’s Newsline commented on Starcom’s tool to automate content. As part of a larger initiative that has been running for several years, the agency has licenced access to archive content from various magazine titles in the Americas, has systematised this content, and is now making ‘repurposed’ versions [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week, the always-worth-a-read Dominic Mills, writing on Mediatel’s <a href="http://mediatel.co.uk/newsline/2014/08/04/oh-no-someones-built-a-machine-that-craps-content/">Newsline</a> commented on Starcom’s tool to automate content. As part of a larger initiative that has been running for several years, the agency has licenced access to archive content from various magazine titles in the Americas, has systematised this content, and is now making ‘repurposed’ versions of the original available to clients for use on their (the clients’) sites.</p>
<p><span id="more-405"></span>On the one hand this is smart. There is, at least for the moment an advertiser demand for ‘content’. The difficulty with ‘content’ is that someone has to create it, and media agencies don’t as a matter of course have journalists, or as I suppose we should refer to them ‘content creators’ on their staff. So why not take what’s out there, sitting in an archive somewhere and use it?</p>
<p>On the other hand it seems to me to be the latest manifestation of a rather concerning trend, media agencies’ obsession with having to quantify, to systematise everything.</p>
<p>Media agencies’ services have expanded enormously and largely usefully over the last decade. If forced to sum up what they offer, in a trite sentence, it would be something like ‘we own the numbers’.</p>
<p>Anything that can be quantified is meat and drink to the media agencies. Furthermore they are much more pragmatic, and customer-focussed than (say) the market research agencies, who seem to find themselves caught in a paralysis of self-doubt if anyone ever dreams of questioning why they do what they do. Read a few of the market research blogs and user group discussions out there and you too will start to wonder if there is a future. The media agency solution would just be to shrug and do it differently.</p>
<p>Look at marketing science, or econometrics. Media agencies would claim the edge over independent specialist operations in that they take the findings through to execution, to the planning and buying of the communication. Specialists might be technically ‘better’ (whatever that might mean), but the promise of a seamless move from analysing something to actioning the findings makes the agencies’ offerings (available through their own specialist operating units, like WPP’s OHAL) attractive to many (despite the fact that marking your own homework poses a whole other set of questions).</p>
<p>Or take the digital trading operations. They have brought an ability to crunch large quantities of data and to take the results through to the buy. Whatever the carpers might say (and I speak as a major carper) there is no doubt that large amounts of data are indeed crunched and used.</p>
<p>So ‘we own the numbers’ isn’t a bad mantra.</p>
<p>But I can’t help thinking it’s soul-less. Numbers can only take you so far. As Kim Shillinglaw, who heads two BBC TV channels, BBC2 and BBC4 said in an interview last week <b>“Small audiences of people who are indifferent are a problem. But a small audience that is really responding to something is a wonderful thing.”</b></p>
<p>Or: ‘large numbers of people who are reached at the right moment and engage fully with the message are far more attractive than even larger numbers of people who are indifferent.’</p>
<p>That’s what’s wrong with many media agency tools. Yes the numbers might work on a CPM, or CPC or CPAnything basis; but without some creativity to add the magic the solutions won’t move people to do anything.</p>
<p>The mix of numbers tempered with creative thought is what existed in the best full-service ad agency media departments. The potency of the numerate/creative mix survived in some of the best of the media agencies where at least some individuals believed in the importance of working alongside their creative counterparts. And of course it fuels that interesting hybrid, the communications planner inside a creative agency.</p>
<p>Numbers need context, they need creative dilution in the same way that the more extreme creative ideas need some pragmatism and scale. It’s frankly depressing to think, as many, especially in the specialist digital world of today seem to do that everything can be quantified.</p>
<p>By all means own the numbers, but don’t confuse that with creativity. And don’t think that one without the other is anything other than half the solution.</p>
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		<title>Remember Integrated Planning?</title>
		<link>https://www.bjanda.com/blog/remember-integrated-planning/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 05 Aug 2014 09:39:14 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=401</guid>

					<description><![CDATA[Back in the BP era (that’s BP: before programmatic) there was another urgent topic of conversation amongst the media agency elite. This was how to deliver and measure integrated campaigns – a topic based around delivering to client needs, a rather quaint concept given the current focus on improving margins via a lack of transparency [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Back in the BP era (that’s BP: before programmatic) there was another urgent topic of conversation amongst the media agency elite. This was how to deliver and measure integrated campaigns – a topic based around delivering to client needs, a rather quaint concept given the current focus on improving margins via a lack of transparency in trading.</p>
<p><span id="more-401"></span>The great thing about integrated planning was (still is) that it’s all about understanding how real people use media forms. Believe it or not, not everyone spends their whole lives accessing media forms created for one channel via an alternative. I am told that there are pockets of savages roaming our streets who still believe that printed newspapers or magazines are best experienced in a printed format. There are even believed to be tribes out there that really can’t be bothered to access TV content via a laptop, tablet or mobile, holding stubbornly to the belief that it’s more fun to watch TV on the TV.</p>
<p>This is not to say that these digital forms don’t have their place (even I have been known to follow the cricket, or the hacking trial on my phone, especially during conference papers extolling the virtues of big data), but things have come to a sorry pass when everyone believes the media salesman. Time was when these people were taken with a huge slab of salt; now even daring to suggest that they might perhaps be slightly over-selling their proposition leads to ridicule and accusations of being out-of-touch.</p>
<p>I still treasure the moment when a discussion I was having with one agency’s digital gatekeeper (no, I don’t know either) on how advertising works (paid search is the answer to everything, in case you were wondering) ended with the words ‘we’re the digital generation; we just know this stuff’. John Hegarty’s description (‘the digital Taliban’) was spot on.</p>
<p>Anyway, back in the real world people watch TV on a TV set; they read newspapers and magazines in print; they go to the cinema (hang on, wasn’t that supposed to have died when VCR’s and DVD’s came along?); they listen to the radio; they notice poster sites. And yes, they use Spotify; they value social media and search; they read online magazines; they play games; they read emails; they access apps and they use their mobiles/tablets to keep up to date with the stuff that matters to them.</p>
<p>This how the people advertisers wish to reach, and influence in whatever way, behave. In just the same way that multi-media campaigns using, as an example TV and magazines were a good idea way back when, so it is today. Multi-media brings huge benefits, not least the opportunity to add light and shade to a message, as the message itself takes on different hues dependent upon the medium in which it appears.</p>
<p>This is also why high quality advertiser paid-for content is so valuable (and has been for years; I speak as the guy who has claims on being the first to ‘do it’ on TV in the UK in the early 1990’s). The message becomes chameleon-like, it takes on the form of the editorial (in the broadest sense) in which it appears.</p>
<p>I’ve never understood why creative agencies haven’t jumped on this notion before. After all a columnist who changes from one newspaper to another changes the tone of the message to fit the audience he or she is writing for; yet we seem to stick with the idea (to take one example) that one print message must fit all (the old excuse, production costs, really isn’t relevant any more).</p>
<p>Understanding combinations of media forms, not just how many people consume them but what they consume them for, how, when and where they consume them, what they value in them and how they respond to them (beyond clicks or even coupons) is of a different scale of relevance to advertisers than digital trading.</p>
<p>I would argue that it’s a better strategy for an agency to spend its time and resource designing something of relevance that will pay dividends for years to come, helping advertisers build their businesses, rather than putting so much effort into creating trading mechanics that deliver bigger margins in the short-term by pulling the wool over clients’ eyes.</p>
<p>Such an approach would certainly start to address the agencies’ serious perception issue with their clients.</p>
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		<title>The Value of the Plan</title>
		<link>https://www.bjanda.com/blog/the-value-of-the-plan/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 30 Jul 2014 15:04:12 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=397</guid>

					<description><![CDATA[One of those statements that agencies make so often they’ve come to believe it themselves is that clients won’t pay for media planning. This may be so, although it’s not my experience – after all can you blame clients for not wanting to pay for a skill the agencies themselves treat with such disdain. Let’s [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>One of those statements that agencies make so often they’ve come to believe it themselves is that clients won’t pay for media planning. This may be so, although it’s not my experience – after all can you blame clients for not wanting to pay for a skill the agencies themselves treat with such disdain.</p>
<p><span id="more-397"></span>Let’s take a really simple ‘Janet and John Do Media’ example. A media planner, working on a print plan decides for all sorts of good reasons that the optimum number of insertions per title is 5. He decides to recommend 5 titles, 5 insertions each, 25 insertions in total.</p>
<p>The planner presents his proposal to the client, and justifies the use of all 5 titles, as well as explaining why the magic number of insertions to achieve the client’s objectives is 5. It all makes sense to the client, who buys the plan and approves a budget of 100 units.</p>
<p>The planner passes the plan to the buyer to execute. The buyer does two things. First he decides that one of the selected titles doesn’t fit his agency’s deal criteria. So he changes the title for something broadly similar. He tells the planner of his decision (generally ‘tells’ as opposed to ‘asks’). Then he negotiates so efficiently that he delivers 6 insertions per title, 30 in total for the budget of 100 units.</p>
<p>The planner, if he’s doing his job correctly, tells the client that now that they’re in the market, negotiating the buys he proposes substituting one title not on the plan for a new title, even if he doesn’t necessarily explain the true reason why. In most cases the client will take the planner’s recommendation. Why wouldn’t he? The planner most likely won’t bother to reveal the increase from 5 insertions to 6 until after the event, at the post buy.</p>
<p>What’s happening in this example is the agency is a) acting in its own best interests by meeting its corporate deals; and b) spending to budget as opposed to buying the plan.</p>
<p>A savvy client might ask why, if 5 insertions per title is the optimum number as defined by the plan, his bought schedule finishes up with more. An even more savvy client might reasonably prefer to buy the carefully constructed and rationalised plan, and spend the money saved on that creative proposal made by the planner to conduct a piece of original research designed to learn something that can be applied to the next campaign.</p>
<p>In effect the difference between these two scenarios is buying to plan, and spending the savings to learn something, as opposed to spending the budget buying tons of stuff. It assumes that the planner has used his skills, and all the research at his disposal to propose the best recommendation to meet the client’s needs. Simply buying more is not necessarily the best use of the budget.</p>
<p>Of course in real life the agency will congratulate itself on a job well done; the media auditor will confirm that the deals have delivered value; and the marketing manager will tell his bosses that he’s managed his agency so effectively that they’ve delivered 30 insertions for the price of 25. He will also invent a dispute with the title dropped from the schedule, will tell everyone that they’ve stood up to a big bad media owner and have thus laid down a marker for the next time.</p>
<p>Where exactly in all of this is the plan? Why should the agency be paid for its planning input? Yes, this is a deliberately naïve and simplified example but the principles illustrate some of the problems bringing the agency business into such disrepute.</p>
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		<title>Nostalgia in the World of Media Agencies (With Explanatory Notes)</title>
		<link>https://www.bjanda.com/blog/nostalgia-in-the-world-of-media-agencies-with-explanatory-notes/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 23 Jul 2014 13:09:21 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=394</guid>

					<description><![CDATA[It’s been a good week for fans of nostalgia (note to the digerati: that’s stuff that happened more than a week ago). First we had five old blokes on a stage at London’s O2 Arena talking about dead parrots and lumberjacks (note to the youth: that would be the Monty Python team’s last ever live [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s been a good week for fans of nostalgia (note to the digerati: that’s stuff that happened more than a week ago). First we had five old blokes on a stage at London’s O2 Arena talking about dead parrots and lumberjacks (note to the youth: that would be the Monty Python team’s last ever live show). Then we had Phil Georgiadis, Chairman of Walker Media, and Claire Beale, the fragrant and recently reinstated Editor of ‘Campaign’ coming over all misty eyed about media in the old full-service era.</p>
<p><span id="more-394"></span>Georgiadis was an excellent media planner; and is one of the few senior media guys in agencies with the courage to express his concerns over the short-term deal-driven culture that’s eating away at the objectivity of agencies. It will be fascinating to see what he can do inside a large holding company, now that he has a role at Zenith to fit in alongside his Walker Media chairmanship. His article remembers how BMW’s advertising was that perfect combination of creativity and media thinking working hand-in-glove inside the full-service agency WCRS.</p>
<p>Beale, who (and I should declare my wounded pride if not my interest) once wrote a particularly charmless editorial wondering why an agency like Universal McCann would hire a media dinosaur like me, has expressed amazement that not all media agencies are that familiar with the creative work they’re charged with placing. Welcome to the land of the dinosaur, Claire.</p>
<p>Both make a good point though. An earlier Cog Blog <a href="http://www.bjanda.com/blog/traders-0-ideas-1/">wondered</a> what business the media agencies are in. As I said: “Media agencies need to restate their role, the critical one of working with creatives to ensure that people see, engage and act.”</p>
<p>The fact is that there is far too much focus these days on trading mechanics. It may be unfashionable, to point this out but algorithms don’t have ideas. At best they help people have ideas.</p>
<p>Sir Martin Sorrell has been much quoted for his comment that ‘we are in the era of the math men as opposed to the MadMen’ (a line you can bet wasn’t written by a mathematician), but I must say I much prefer his answer when asked to define the next big thing in media: ‘…using brain as well as brawn, harnessing the intellectual as well as the scale assets we have…’</p>
<p>The problem is a simple one. The big holding companies make increasingly large proportions of their overall margins from digital trading. Some of them have decided that they would rather their clients didn’t know quite how much money they make in this way, so they choose to hide the detail of what is being spent and where.</p>
<p>The big holding companies will argue that they don’t make a bean out of their media buyers spending any time at all worrying about the content of the ads they place. Or so they think.</p>
<p>I think they’re wrong; and I am pleased to see that my fellow dinosaur Claire Beale thinks so too. Because if ads don’t work as well as they might then clients will spend less on them. If algorithms rule, then there are plenty of ways of accessing algorithms from outside the magic circle of the holding companies.</p>
<p>If it turns out that all there is is some little bloke sitting behind a curtain pulling a few levers and flourishing by convincing everyone that it’s all magic (note to the cinematically challenged: that’s a Wizard of Oz reference) then the outlook for lever-pullers everywhere may not be all that rosy. That’s a discussion for another day.</p>
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		<title>Time to Split Planning from Buying</title>
		<link>https://www.bjanda.com/blog/time-to-split-planning-from-buying/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 17 Jul 2014 09:37:55 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=389</guid>

					<description><![CDATA[In the beginning there were media buying agencies. In fact, somewhat disappointingly here we are 40 odd years later and this is still the descriptor used by most clients to describe the organisations responsible for handling their media budgets. All that investment in people, research, tools and techniques and they’re still ‘my media buyers’. Of [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In the beginning there were media buying agencies. In fact, somewhat disappointingly here we are 40 odd years later and this is still the descriptor used by most clients to describe the organisations responsible for handling their media budgets. All that investment in people, research, tools and techniques and they’re still ‘my media buyers’.</p>
<p><span id="more-389"></span>Of course there was media planning but that was always the soft underbelly of the operation; the bit that won the awards; the bit the trade press got excited about; the bit paraded at conferences and at new business pitches; the bit that filled in the silence that would otherwise precede the words: ‘Look, we’re going to buy it really cheaply, cheaper than anyone else.’</p>
<p>As one buying head of my acquaintance once put it to one of his agency’s planning team: ‘you may win the business; but we make the money’.</p>
<p>Agencies have always found it hard to charge for planning. Clients don’t really understand it, or to put it another way, agencies have failed to convince them of its value. On the other hand everyone understands ‘cheap’.</p>
<p>The trouble is in the fully accountable, always on, hugely complicated, digital world we are all in, not everyone understands ‘cheap’ after all. Because ‘cheap’ can  it turns out mean non-transparent. It can also mean a lack of control, and oddly a lack of accountability at least on the metrics historically used to measure such things (like media audits).</p>
<p>Because even if agencies haven’t been so good at charging for planning they are and always have been extremely good at making margins on the buys. The Australian piece <a href="http://mumbrella.com.au/what-your-media-agency-might-not-be-telling-you-168038">here</a> explains some of the many ways agencies make money far better than I could.</p>
<p>And so we arrive at a situation where agencies in the round are not trusted by their clients. Not all clients know quite how what’s been going on for years goes on, and many let’s be honest have no particular interest in blowing the whole game wide open even if they do know chapter and verse. But the situation has changed from a few agencies making a bit on the side in lieu of fees or commission, to huge holding companies in some cases choosing not to reveal how and where their clients’ budgets are being spent.</p>
<p>Furthermore when something goes wrong with ‘cheap’ it is the media agency that cops it (I suppose as so many are talked of as ‘media buying agencies’ that’s not so surprising). So when an ad for the Queensland State Government debt reduction programme popped up on a <a href="http://www.theguardian.com/world/2014/may/02/full-frontal-campaign-pops-up-porn-website">porn</a> site, it was Mediacom no doubt as well as the digital group Exponential Interactive (to whom Mediacom had subcontracted the placement) that took the rap.</p>
<p>In the last few weeks I’ve been approached by two mid-sized clients both very happy with their media agencies (for the sake of clarity I am using that term to mean the likes of Mediacom, or Starcom, although not those specific agencies) and at the same time very unhappy with their agencies’ trading desks.</p>
<p>The clients’ frustrations are not eased by being kept at arm’s length from the traders by the agencies. Neither agency feels able to intervene in any dispute on trading practices; in fact both agencies admit they don’t really understand the issues, and anyway these are matters decided at a corporate level. In other words, the agency account team (or even the agency management team) feels unable to engage with its client.</p>
<p>So we have clients dealing with account teams they like and respect, but a large part of whose work they don’t pay properly for, and who are unable to help them overcome fundamental issues with their trading arms where the money is made. This can’t end well.</p>
<p>It was always argued by the agencies that splitting the buying of a campaign, its execution, away from the planning was inefficient. It’s starting to look both inevitable and the only way that the media agencies as we once knew them can survive.</p>
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		<title>Happy Birthday Cog Blog</title>
		<link>https://www.bjanda.com/blog/happy-birthday-cog-blog/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Jul 2014 07:43:51 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=385</guid>

					<description><![CDATA[Writing a blog is a self-indulgent activity. After all, what is the author doing except sharing his opinions on the assumption that anyone will be in the least bit interested in hearing them? Well, this post takes self-indulgence to a whole new level by being arrogant enough to reference the best bits of the Cog [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Writing a blog is a self-indulgent activity. After all, what is the author doing except sharing his opinions on the assumption that anyone will be in the least bit interested in hearing them? Well, this post takes self-indulgence to a whole new level by being arrogant enough to reference the best bits of the Cog Blog. ‘Best’ in whose opinion? Mine of course. Why? Because last week the Cog Blog celebrated its first birthday.</p>
<p><span id="more-385"></span>Since I was bullied into starting a blog by an ex-Millward Brown colleague who I won’t name to save him from embarrassment (and from the threat of violence from enraged fellow-workers) I have posted 66 times and according to Google Analytics have generated around 11,500 page views amongst around 3,500 people.  To be fair this excludes what I gather is called ‘dark social’, the numbers attracted to my content by others reposting it on their sites. But even counting these numbers there is no question that the Cog Blog is tiny. Even though these figures are extremely small beer, the fact that I have managed to reach so many is amazing to me.</p>
<p>By the way to give some context, the AdContrarian blog (the best thing out there as I tell everyone) has been going for 7 years and has so far attracted over 3.6million views. So small beer is right.</p>
<p>The most popular Cog Blog posts (in terms of views) have been one of the several on the GroupM digital trading business, Xaxis, <a href="http://www.bjanda.com/blog/why-xaxis-needs-a-whyaxis/">here</a>, and the more recent one on Omnicom’s trading dispute with Channel 5, which is <a href="http://www.bjanda.com/blog/opera-and-the-discord-of-agency-deals/">here</a>. Criticising agencies is it would seem good for business.</p>
<p>Personally I am rather proud of my pieces on the future of media agencies (if you would like to read those you can find them via the archive dates on the site. They all appeared in August and September 2013).</p>
<p>I am also pleased that it turns out that I was right to question the sense of the Omnicom Publicis merger. You can read my doubts from last July and August <a href="http://www.bjanda.com/blog/time-to-zag-publicis-and-omnicom-merge/">here</a> and <a href="http://www.bjanda.com/blog/bigger-better-ummm/">here</a>.</p>
<p>Finally in this parade of self-indulgence I rather liked my headline ‘Why Xaxis needs a Whyaxis’ but then that’s just me.</p>
<p>The gratifying thing about writing a blog is that you can write exactly what you like. There is no need to spin anything any which way. I don’t like upsetting anyone, and I realise that I have ruffled a few feathers, but the owners of the feathers know (as many have called me or met with me to explain in no uncertain terms why I’m talking nonsense) that my rants are nothing personal. There’s something liberating about knowing that I don’t have to care about what my agency, or some holding company CEO thinks about my ramblings.</p>
<p>It’s also very gratifying to receive positive feedback. Believe it or not that happens quite often, especially from those in the USA who read my material via Jack Myers’ excellent platform (<a href="http://www.mediabizbloggers.com">www.mediabizbloggers.com</a>).</p>
<p>Thanks to everyone who has commented, praised, rubbished, yelled, or screamed at me over the last year. I would say something like ‘the fearless commentating will continue’ but that makes me sound like a real journalist which I certainly am not. So I’ll just carry on hacking.</p>
<p>See you back here next week.</p>
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		<title>Holiday</title>
		<link>https://www.bjanda.com/blog/holiday/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 27 Jun 2014 21:54:33 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=381</guid>

					<description><![CDATA[There will be no Cog Blog this coming week; normal business will be resumed the week of July 7th (when we&#8217;ll be 1 year old!).]]></description>
										<content:encoded><![CDATA[<p>There will be no Cog Blog this coming week; normal business will be resumed the week of July 7th (when we&#8217;ll be 1 year old!).</p>
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		<title>Magic, Logic and Money in Media Agencies</title>
		<link>https://www.bjanda.com/blog/magic-logic-and-money-in-media-agencies/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 25 Jun 2014 09:27:13 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=378</guid>

					<description><![CDATA[A few years back (2006, gosh how time flies) a white paper was produced by a combination of the ad agencies (through the IPA), advertisers (through their trade body ISBA) and procurement professionals (via CIPS). The paper called ‘Magic and Logic’ was authored by the brilliant Marilyn Baxter and if you haven’t read it it’s [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A few years back (2006, gosh how time flies) a white paper was produced by a combination of the ad agencies (through the IPA), advertisers (through their trade body ISBA) and procurement professionals (via CIPS). The paper called ‘Magic and Logic’ was authored by the brilliant Marilyn Baxter and if you haven’t read it it’s an excellent summary of many of the issues that still cause tensions around agencies and their clients.</p>
<p><span id="more-378"></span>The paper’s thesis is that any ad agency uses a combination of ‘Magic’ (strategic thinking; creative work and the like) and ‘Logic’, (status reports, production processes etc) in its work. Although the original paper is largely about ad agencies, the same principles apply to media agencies; there’s the magical bit – the strategic thinking, the planning and the breakthrough ideas; and there’s the logical – the executional buying, the reporting and verification.</p>
<p>This is a useful distinction and could potentially help the media agencies through what is a particularly difficult time when it comes to remuneration conversations.</p>
<p>Media agencies are increasingly not trusted by their clients. Many clients feel that they’re somehow being cheated, even if many are not quite sure how. Whether it’s discounts negotiated by the agency and not rebated to the client, or a lack of transparency in the practices of the agencies’ trading desks, there is a fundamental lack of trust. The detail has been covered many times before in earlier Cog Blogs. The fact is that media agencies are not trusted, and that is not a comfortable position to be in.</p>
<p>On the other side of the fence, the agencies feel aggrieved that they’re not being properly remunerated for the work they do and the value they bring. They don’t think they should be used as banks by their clients, as the practice of payment terms being extended spreads. They believe that the metrics used to measure their performance are stuck in the 1970’s, despite the fact that the rest of the world has moved on. Again the details needn’t concern us here. The fact is that agencies feel hard done by, and that too is neither comfortable nor productive.</p>
<p>Media agencies are poor at ensuring that they are properly paid for their thinking. Market research agencies are the same: they’re fine at charging for the doing bit (the fieldwork in their case), but they’re generally not good at asking for money for the thinking bit (the analyses and interpretation).</p>
<p>In the case of the media agencies they’re very good (some would say far too good) at making money from the doing (the buying) but they have always struggled to justify being paid for the thinking (or what we can shorthand as ‘the planning’ bit).</p>
<p>The magic and logic division helps find a way through. I would contend that the magic bits are best paid for via a spend-based commission of some sort. A time-based fee doesn’t reward brilliant ideas that bring untold benefits for many years to the client and yet take comparatively little time to create. The logic bits are really a set of processes that take as long as they take and thus can be covered adequately by a time-based fee. Spending longer on process doesn’t necessarily improve the process.</p>
<p>At the moment agencies are generally remunerated by a one-size-covers-everything fee; most having moved away from commission several years ago. What if they reverted to commission for the planning; and a fee for the buying? For one thing this would force clients to place a value on the contribution made to their business by smart planning; for another it would commoditise the buying process by ensuring that clients paid less the more the process becomes automated, as is happening.</p>
<p>Bonuses, paid to reward outstanding performance could still exist within this model. Great planning could become the most rewarded element of the agency’s output as it has the potential to add the greatest value to the client’s business. Smart buying (using such techniques as content barter, or early commitment to certain types of airtime) could be encouraged and the extra time that these elements take reflected in the fees paid.</p>
<p>A dual-currency system like this needs to have transparency baked into it, with all rebates owing returned, which should not be impossible. It would swing the focus away from buying into the much more valuable (for the client) discipline of planning.</p>
<p>Furthermore, this approach should allow the agencies the opportunity to be paid for the true value they bring through their planning. It should appeal to both agencies and to their clients . It should bring back, and reward true objectivity in the provision of media services. Of course, unofficial income might go down but as that doesn’t actually exist anyway that shouldn’t matter much. After all, the agencies can’t complain if something that they say doesn’t exist disappears.</p>
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		<title>OPera and the Discord of Agency Deals</title>
		<link>https://www.bjanda.com/blog/opera-and-the-discord-of-agency-deals/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 16 Jun 2014 09:25:05 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=372</guid>

					<description><![CDATA[Last Thursday the UK trade press reported on a spat between Channel 5, one of our smaller commercial channels, and furthermore one that sells its own airtime both creatively and independently, and Opera, the central trading operation serving the Omnicom media agencies. You can read the piece, by Media Week’s Arif Durrani here. In effect, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last Thursday the UK trade press reported on a spat between Channel 5, one of our smaller commercial channels, and furthermore one that sells its own airtime both creatively and independently, and Opera, the central trading operation serving the Omnicom media agencies. You can read the piece, by Media Week’s Arif Durrani <a href="http://www.brandrepublic.com/news/1298458/channel-5-lose-omnicom-makes-30m-advertising-exit/">here</a>.</p>
<p><span id="more-372"></span>In effect, the Omnicom agencies have it would seem decided to withdraw their clients’ budgets from Channel 5. On the one hand this is probably not going to have a major effect on client campaigns – C5 is small and it’s pretty easy to buy around it – but disputes like this one do raise a few important points of principle.</p>
<p>First, unilateral agency trading group actions like Opera’s are not that unusual. Within the recent past we’ve had Mindshare/GroupM announcing a dispute with Channel 4; and Carat/Aegis Media choosing to go public regarding a trading argument with News UK (although Carat rather gave the game away by proudly announcing a few days later that they had won Trinity Mirror’s media account, thus demonstrating a worryingly poor grasp of news management for a media agency. For those unfamiliar with the parochial UK newspaper scene, Trinity Mirror is a rival of News UK). One imagines that there must be other less public disputes going on all the time.</p>
<p>The reporting of the Opera/C5 dispute was rather hamstrung by the fact that ‘rival agencies’ would not talk on the record – presumably as they are all too well aware of the old adage of pots and kettles – which left Durrani having to turn to a washed up old ‘media veteran’. Let’s examine the likely causes.</p>
<p>The most likely (according to both the WUOMV and the un-named agency sources) is that Opera has fallen short of a commitment to our largest commercial TV station ITV (OMD lost the huge Vodafone account earlier in the year which might or might not have something to do with this). Which sofa to look behind to find the missing cash? Where better than a minor station who can be bullied quite satisfactorily into keeping quiet (well, quiet-ish); so it’s sorry and we’ll try to see you alright next time to Channel 5 and here-you-go to ITV.</p>
<p>Hang on, though. Isn’t this clients’ money we’re talking about? Aren’t there squadrons of dedicated, objective communication planners toiling away at the Omnicom agencies PHD and OMD (we know there are as they’re busy telling us how good they are at Cannes this very week)? Might not these finely crafted plans have contained Channel 5 shows like ‘Big Brother’ (presumably so as otherwise there would be no money to take away)?</p>
<p>All of the large agency groups have agency volume deals with media owners. They argue that they have to commit money in advance in order to secure the best possible rates as demanded by their clients and their evil henchmen the media auditors. It’s quite a good argument as no client is going to come out and say actually we want worse rates. And it’s far too much like hard work to spend time persuading auditors of the merits of a planning first approach (although the smaller, independent media agencies like The 7Stars seem to manage to do this very nicely).</p>
<p>But it’s also a poor argument as large clients tend to insist that their budgets are used to benefit them and them alone (when Mindshare fell out with C4 there was quite a queue of large advertisers lining up to stress that ‘we have our own C4 deals thank you very much that are not impacted by this display of agency handbags’).</p>
<p>The truth is that the large agency trading groups always receive benefits from these volume commitments be they direct or indirect. Furthermore these deals are based on the assumption that most clients (except the very largest) are unsophisticated when it comes to trading practices, and secretly probably rather like it that their poor, trampled upon media buyer is standing up to the might of the nasty big broadcaster.</p>
<p>Sadly that narrative is a lie as today the power and the might nearly always sits with the buyers not the broadcasters.</p>
<p>And we might add the buyers not the clients whose budgets they use to underwrite commitments designed to boost their margins regardless of what fulfilling those commitments does to objectivity and planning.</p>
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		<title>From Digital Madness to Advertising Collaboration</title>
		<link>https://www.bjanda.com/blog/from-digital-madness-to-advertising-collaboration/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 09 Jun 2014 11:14:51 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=369</guid>

					<description><![CDATA[Imagine this. A newspaper publisher decides that the easiest and cheapest way to increase his circulation, and thus his readership and ultimately his advertising revenue is to dump large numbers of his publication in convenient, local rubbish bins. He reckons that no-one will care – as at the end of the day the buyers only [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Imagine this. A newspaper publisher decides that the easiest and cheapest way to increase his circulation, and thus his readership and ultimately his advertising revenue is to dump large numbers of his publication in convenient, local rubbish bins. He reckons that no-one will care – as at the end of the day the buyers only buy gross numbers and can’t be bothered to look into how they’re made up. Furthermore, by the time anyone works out that advertising in his title isn’t working, he’ll be over the hills and far away.</p>
<p><span id="more-369"></span>But our publisher gets a shock. He discovers that even the media buyers of the time aren’t falling for that one. So he changes tack, and gives away thousands of copies of his paid-for publication for free to the likes of airports, airlines and train operators.</p>
<p>Again, the buyers are on to him. Under pressure from the advertising business, both the agencies and their clients, the trade body responsible for measuring circulation tightens up their definitions, weeds out the numbers obviously dumped in bulk and separates paid circulation from bona fide free distribution.</p>
<p>Now imagine this. Someone comes up with a superficially attractive website, and rather than go through all the hard work and agonising that comes with building a loyal audience, he decides to ‘buy’ impressions in bulk. He really doesn’t care whether these impressions are generated by real people, in click farms being paid for the number of clicks they deliver, or automated so-called robots.</p>
<p>He reckons that no-one will care – as at the end of the day the buyers only buy gross numbers and can’t be bothered to look into how they’re made up.</p>
<p>And of course he’s right.</p>
<p>What’s the difference between these two scenarios (beyond about 30 years)? In the first, the buyer feels duty bound to act in the best interests of his client. Whereas in the, second the buyer is in on the game. He has worked out how he too can make money out of this trickery. Furthermore, he argues that there are now so many ‘buyers’, so many middlemen between the source of the budget (aka the advertiser), and the provider of the content (aka the publisher) that there really is no point in upsetting the apple-cart.</p>
<p>And advertisers? Well, most advertisers don’t know, don’t understand and by and large don’t care. Or so the theory goes.</p>
<p>There are however changes afoot. Several very large advertisers have decided either to buy their own digital space (Procter and Gamble in the USA), or to refuse the blandishments of the large holding company trading desks (Unilever, American Express, Kimberly Clarke, Nestle, Kellogg’s, Ford and so on). I learnt very early on that if you want to spot the way the business is going watch for what the likes of Procter and Unilever do. They are copied by many.</p>
<p>At the same time, many irritating bloggers and commentators are making sure that the sense that the buying of digital advertising is in some way dodgy is becoming well-known. As one global digital CEO in an agency put it the other day (although in a different context) ‘the ink is in the water.’</p>
<p>There is though one more tipping point to be reached. That will arrive when the first client of a large holding company not only decides to resist the lure of the holding company’s trading desk but gets so thoroughly disenchanted and annoyed by the lack of transparency and basic honesty on show that he fires the holding company’s media planning agency, creative agency and every other agency owned by the offending holding company and goes instead for a different approach, maybe even going down the bespoke, independent route.</p>
<p>After all – if one part of the offending holding organisation doesn’t believe in acting in his (the client’s) best interests then who knows how far that culture has spread? Better to place all of his eggs in multiple baskets and manage the process himself.</p>
<p>The first time that a client does that, or picks up the phone to one of Messrs Levy, Roth, Wren, Sorrell or Bollore to warn them that this is on the cards will mark the beginning of the end of this digital bean feast and the start of a new era of true collaboration.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Market Research – Pity the Respondent</title>
		<link>https://www.bjanda.com/blog/market-research-pity-the-respondent/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 02 Jun 2014 09:01:34 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=364</guid>

					<description><![CDATA[We recently had a Bank Holiday. Traditionally this is when the nation’s men pile off en masse to the DIY store, buy a load of gadgets they’ll use once at most, rush home, put the gadgets in a drawer where they’ll stay for some time, and settle down to watch sport on the TV. But [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>We recently had a Bank Holiday. Traditionally this is when the nation’s men pile off en masse to the DIY store, buy a load of gadgets they’ll use once at most, rush home, put the gadgets in a drawer where they’ll stay for some time, and settle down to watch sport on the TV. But this year was different – at least for me. For this was the year that Bank Holiday Monday was Market Research Day.</p>
<p><span id="more-364"></span></p>
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<p class="MsoNormal">It’s been a while since the Cog Blog commented on the world of market research. Last time around, my slightly critical <a href="http://www.bjanda.com/blog/market-research-whos-asking/">post</a> (I suggested that maybe the research business was somewhat out of touch with its customers and their current needs) generated some heat and (for me) a huge audience. The lure of the audience number beats my trepidation in risking upsetting the researchers, so here we go again.</p>
<p>Over the holiday weekend and the following few days I was asked to fill out an online questionnaire by British Airways; then another one from The Observer newspaper. I always try to complete genuine online studies (oddly I’m never asked, as used to be the case, whether I have any professional interest in market research). Increasingly the questions leave me looking for the most appropriate way to express my thoughts or views within an inflexible pre-coded structure with minimal instructions.</p>
<p>An example – BA wanted to know what I thought of their arrival procedures. Now, I no longer have the questionnaire and it could be that I’m doing the BA researchers a dis-service here but what on earth are they talking about? It can’t be anything to do with the bit after you get off the plane, as that’s nothing to do with BA. How to score my feelings about the BA arrival procedure?</p>
<p>So I marked everything neutral and wrote in the comments box ‘the plane arrived and I got off. It seemed to go OK’.</p>
<p>Then there was The Observer asking me to score them on various ethical dimensions by category of interest. So – do I think their articles on beauty are ethically appropriate? What, all articles on beauty? Are we to assume that all are ethically identical?</p>
<p>The key rule is rubbish in, rubbish out. I really had no idea what The Observer, or BA were getting at with several of their questions. I finished both surveys as quickly as I could and went back to my DIY (as I call the TV).</p>
<p>Also over the holiday weekend a friend of mine’s husband (I’m not going to give a name for obvious reasons) was completing the TGI questionnaire. This takes days, weeks even. My friend, who was involved in the marketing business until reasonably recently and therefore knows a bit about the survey was good enough to provide me with a running commentary on this task.</p>
<p>Phrases like ‘losing the will to live’; ‘these questions are unanswerable’; ‘where’s the n/a box?’ and ‘you could make a comedy sketch out of these lifestyle questions’ all appeared. I would add: ‘does anyone working for TGI actually ever complete the TGI questionnaire?’</p>
<p>A little while ago I was asked to help a client as they committed to an integrated media study called MCA. I asked the client and agency team to complete the questionnaire, and their answers dumped before ‘real’ people went through the process. Personally I found completing the survey an awful experience – repetitive, boring, hard to complete, and it took an age.</p>
<p>Does anyone actually ever test these questionnaires before sending them out to punters? I know this used to happen but I bet it doesn’t happen so much now. Does anyone ever ask respondents to report back on their experiences with the questionnaire, having completed it?</p>
<p>Back in the dim and distant past I once had the opportunity to visit some BARB (in those days JICTAR) panel members. They were about to become ex-members due to boundary changes, although they didn’t yet know that, and their data was already being excluded. Their feedback was really interesting, not least the seriousness with which they treated the task of recording their TV viewing. They felt they were genuinely contributing to what appeared on TV – and to an extent they were of course correct.</p>
<p>Someone pays for the research. Someone analyses the results. Someone takes what respondents say seriously. As a respondent I try to take each task seriously but it seems to me that increasingly the researchers aren’t helping.</p>
<p>My point is that in each of the BA, Observer and TGI examples the respondent experience was dire. I’m sure a researcher will point out that there is an n/a box on the TGI (I don’t know if there is or there isn’t), someone is bound to tell me that the MCA study brings great benefits to users and I’ve no doubt that BA or The Observer will point out that their studies were easy to complete and that therefore by definition I must be an idiot.</p>
<p>Market researchers do need to think about the poor respondent. Do test run studies. Do collect some feedback. Don’t just repeat the same questions over and over again whilst chanting the researcher’s sacred mantra of compatible data. After all, rubbish compatible data is still rubbish.</p>
<p>It’s reasonable surely to ask whether anyone can really answer the questions accurately and truthfully. Test it on yourself, and on your clients.</p>
<p>A better respondent experience must mean better market research. And on a scale of 1 – 5 I would definitely agree that that is a good thing.</p>
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		<title>Measuring Online Audiences: Who Cares About Accuracy?</title>
		<link>https://www.bjanda.com/blog/measuring-online-audiences-who-cares-about-accuracy/</link>
					<comments>https://www.bjanda.com/blog/measuring-online-audiences-who-cares-about-accuracy/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 29 May 2014 09:17:34 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=361</guid>

					<description><![CDATA[Media numbers are tricky, slippery things. This may not matter much except that they’re important as they provide the currency used to buy and sell advertising space and time. They’re tricky as collecting any type of audience data is both complicated and sensitive. They’re slippery as just when you thought you had a new, improved [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Media numbers are tricky, slippery things. This may not matter much except that they’re important as they provide the currency used to buy and sell advertising space and time. They’re tricky as collecting any type of audience data is both complicated and sensitive. They’re slippery as just when you thought you had a new, improved way of doing it, someone somewhere decides their interests are better served by sticking with the status quo. After all, who cares about getting closer to the truth when the untruth might make you more money?</p>
<p><span id="more-361"></span>This is never better demonstrated than with numbers relating to online activity. Wasn’t this supposed to be the easy bit of audience measurement? After all, online anything is so accountable, so measurable that collecting how many saw what would be a breeze, wouldn’t it?</p>
<p>Unfortunately the advertising industry hadn’t factored in the deviousness of some of the outer fringes of the online business. Nor had the industry taken full account that in a world where the bigger the audience the bigger the sum required that it might be possible to inflate the audience by cheating.</p>
<p>I’m indebted (again) to The <a href="http://adcontrarian.blogspot.co.uk/2014/05/ad-industry-is-webs-lapdog.html">AdContrarian blog</a> for summarising the current state of play in the US at least as follows:</p>
<ul>
<li>62% of web traffic is <a href="http://www.incapsula.com/blog/bot-traffic-report-2013.html">reportedly phony</a> (or ‘seen’ by bots)</li>
</ul>
<ul>
<li>54% of display ads paid for <a href="http://online.wsj.com/news/articles/SB10001424127887324904004578537131312357490?mg=reno64-wsj&amp;url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424127887324904004578537131312357490.html">reportedly never ran</a> (according to the Wall Street Journal)</li>
</ul>
<ul>
<li>57% of video ads paid for are <a href="http://www.nytimes.com/2014/05/04/business/the-great-unwatched.html?_r=1">apparently never seen</a> (as they’re so often buried so low on the page)</li>
</ul>
<p>You would think (or at least hope) that the online ad industry would do something to start to rebuild some confidence in itself. The IAB, as close as there is to an industry body recently stated that an ad can only be said to have been viewed if 50% of it was in view for at least one second (two seconds for video).</p>
<p>Let’s just step back. Can you name me one ad that can be said to have worked if half of it is in view for one second? I suppose it’s better than nothing, just, but as a measure of anything it’s inadequate.</p>
<p>In the midst of this measurement shambles it came as a relief to read some sense from the world’s biggest digital buyer – GroupM. Rob Norman, the agency group’s Global Chief Digital Officer took to one of the biggest media blogging platforms in the USA, <a href="http://www.mediabizbloggers.com/media-biz-bloggers/The-Ugly-Sisters-of-Digital-Media--Rob-Norman-GroupM.html">Jack Myers’ Mediabizbloggers</a> to state:</p>
<p><b>“If an ad can’t be seen, we won’t pay….The minimum requires 50% of pixels to be in view. We believe that almost without exception 100% is the requirement….In respect of video, the proposed two second standard is not adequate in our opinion….We believe that the responsibility for the quantification and eventual eradication of fraud is that of the seller….We will do everything we can to achieve the single most important right of the advertiser &#8211; to get exactly what&#8217;s paid for.”</b></p>
<p>In past Cog Blogs I have been critical of those agency executives who seem to think that shouting from the sidelines about the need for better audience data is the way to change things for the better, as opposed to engaging in the debate as GroupM and Xaxis have apparently been doing on the inside.</p>
<p>In other posts I have been less than complimentary about the Xaxis (a GroupM business) trading model – a position I maintain. But it is good to see GroupM publicly taking on the online ad fraudsters (and trying to improve the credibility of the online ad business as represented by the IAB).</p>
<p>It would be an even stronger initiative if Omnicom, Publicis, Aegis, Interpublic and Havas joined in and made clear their support. It would surely be sensible to set competitiveness to one side and to join forces to improve the credibility of the industry.</p>
<p>It’s true that many of those directly involved will make less money in the short-term if the basic online audience numbers are not quite as humungous as some would believe them to be. But in the long run ensuring the numbers are improved is necessary to secure the industry’s future as a serious, viable advertising vehicle.</p>
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		<title>Self Interest and Responsibility in Agency Land</title>
		<link>https://www.bjanda.com/blog/self-interest-and-responsibility-in-agency-land/</link>
					<comments>https://www.bjanda.com/blog/self-interest-and-responsibility-in-agency-land/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 22 May 2014 08:13:54 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=357</guid>

					<description><![CDATA[A couple of days ago I had one of those moments when you just think: ‘why couldn’t I have said that?’ The moment came when reading The AdContrarian blog (by far and away the best blog on advertising anywhere), where I came across the following: “Self-interest has come into conflict with responsibility. Guess what’s winning?” [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A couple of days ago I had one of those moments when you just think: ‘why couldn’t I have said that?’ The moment came when reading <a href="http://adcontrarian.blogspot.co.uk/">The AdContrarian</a> blog (by far and away the best blog on advertising anywhere), where I came across the following: <b>“Self-interest has come into conflict with responsibility. Guess what’s winning?”</b></p>
<p><span id="more-357"></span>Most of you probably know that the AdContrarian is Bob Hoffman, an agency man with considerable experience in the USA. Bob is I believe a copywriter by trade; I am a media man, which explains why he can say in less than a dozen words what it takes me 2000 or more, across several posts to express nothing like as well.</p>
<p>Media agencies (in fact all agencies) have a responsibility to do the best job for their clients. That’s why they’re there. The most objective plans, bought at the best price, and fuelled by learnings from past activities. It’s not an easy job – in fact these days it’s pretty complicated – but you would have thought the principle was quite straightforward.</p>
<p>But apparently not. The problem comes when what the English comic actress Joyce Grenfell used to refer to as ‘the sordid business of coin’ comes into the equation. Agencies are paid by their clients to handle millions of the stuff on their behalf; so what’s wrong with them ensuring that some of it sticks to them as it finds its way from advertiser to media owner? Well, a lot, in my opinion.</p>
<p>You can complicate the matter all you like, introduce all sorts of largely irrelevant arguments about agent versus principle, or transparency versus full-disclosure, or even plead poverty (have you seen the holding companies’ profits?) but the fact remains that agencies shouldn’t put self-interest ahead of what’s best for their client when they come to allocate and spend their clients’ budgets. This is becoming a story.</p>
<p><b>“Mindshare Becomes Buyer and Seller”</b> screeched <a href="http://adage.com/article/agency-news/mindshare-buyer-seller-tv-series-rise/293272/?utm_source=mediaworks&amp;utm_medium=newsletter&amp;utm_campaign=adage&amp;ttl=1401131003">AdAge this week</a> with news that the media agency has entered the mainstream TV production business. Actually, I’m on Mindshare’s side on this one. Why shouldn’t the agency diversify into production and no doubt offer their clients an inside track on extension ideas around the TV series – as long as they don’t (and there is no suggestion that they are even thinking of such a thing) push their clients unknowingly into supporting the show.</p>
<p><b>“No buying entity should be in a position to buy from itself”</b> screeched <a href="http://www.bjanda.com/blog/when-keeping-it-in-the-family-can-become-incestuous/">The Cog Blog</a> (alright, me), on 4<sup>th</sup> February when I discussed Xaxis and the incorporation into that organisation of the publisher network 24/7. Unlike the Mindshare example I do have a problem with Xaxis (even after they most generously spent several hours recently explaining to me the detail of what they do; something many of the other holding company trading desks have declined an invitation to do).</p>
<p>The issue is one of knowledge and intent. If as a client you choose to use Xaxis you’re buying into their model, which basically means you cannot know the detail of where your money is being spent. All you know is the aggregated audience reached. For all you know (and of course I’m exaggerating to make the point) the whole lot could find its way to 24/7, to the greater benefit of WPP, Xaxis’ parent.</p>
<p>Why does that matter? Well, of course it might not to some advertisers some of the time, but the point is the client should have the right to know how their money is being spent, and to be involved  fully in those decisions.</p>
<p>As a client you may choose to abdicate all responsibility to your agency (good luck explaining to your Board when your ad finishes up somewhere textually inappropriate, as happened with the Australian state <a href="http://www.theguardian.com/world/2014/may/02/full-frontal-campaign-pops-up-porn-website">Government of Queensland</a> who immediately decided that MediaCom were surplus to requirements), or you may decide to immerse yourself in the detail of how your money is spent.</p>
<p>It’s no longer good enough to assume that your agency will always act responsibly towards you the advertiser. Sometimes self-interest gets in the way. And when that happens guess which wins?</p>
<p>There, that’s 700-odd words to say what Bob said in 11. Another example of a media person not being much good when it comes to the craft of creating messages.</p>
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		<item>
		<title>All Together Now&#8230;</title>
		<link>https://www.bjanda.com/blog/all-together-now/</link>
					<comments>https://www.bjanda.com/blog/all-together-now/#respond</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 May 2014 14:49:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=354</guid>

					<description><![CDATA[As regular readers of the Cog Blog will know, I have been in this business rather a long time. But even I struggle to remember a time when the needs and desires of advertisers on the one hand, and the evolution and development of the media agency business on the other have been so at [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>As regular readers of the Cog Blog will know, I have been in this business rather a long time. But even I struggle to remember a time when the needs and desires of advertisers on the one hand, and the evolution and development of the media agency business on the other have been so at odds with one another.</p>
<p><span id="more-354"></span>It’s easy (and boring) for those of my vintage to go on about the good bits of the full-service agency model. It’s true that there were many bad bits too, but there was at least the potential for teamwork between disciplines. Furthermore the whole agency felt a common sense of ownership over the final output, the ads.</p>
<p>In those days any client dis-satisfaction was focussed on the agency’s professionalism and output. Was the work any good? Did it deliver results? If not, change the team, or change the agency. Money was much less of an issue – this wasn’t that long after an era in which every agency charged the same, 15% commission.</p>
<p>Nowadays client dis-satisfaction is far too often rooted in something far more fundamental &#8211; a lack of trust. Agencies (and in particular the media agencies and their trading offshoots) aren’t trusted. That is a lot more serious than failing to deliver the optimum media plan.</p>
<p>The advertising industry has evolved to a point where it supports an excess of specialists. As the comedian Kenneth Williams once put it: ‘everyone is a specialist in less and less’. Specialisms have brought benefits for sure, although maybe we now have too many, all specialising in less and less. Whichever way you cut it though, the media people of today are far more numerate, more professional, have more tools and resources at their disposal and are simply more influential in the whole marketing process than the media people from the full-service agency era.</p>
<p>But there’s a downside to all this specialism, and that is to be found in the difficulty in delivering integrated thinking, planning and execution.</p>
<p>There’s an irony in the fact that at just the moment that advertisers need ‘intergrationists’ to help them maintain a consistency and focus across the mass of channels and communication techniques out there, these skills are in such short supply that the whole topic lands up in the too difficult box.</p>
<p>Worse, the huge holding companies that dominate the marketing services business today have focussed everyone working for them on short-term monetary performance. This in turn has led to ever more creative ways of making money (step forward the media agencies and their trading operations); and to the related practice of land-grabbing.</p>
<p>Hiring a few people with the right sort of CV leads agencies to make the case for expanding their footprint by taking on more work (and a higher fee) from an existing client. After all it is far more efficient to grow existing business than to win new business.</p>
<p>However (and this may come as a shock to all those polymaths out there) the truth is that not everyone can do everything. Not every skill, honed within one environment can survive being transplanted to another less sympathetic environment where the commercial focus lies elsewhere. Look at the mess Carat made when they ventured into content creation for Guinness. Carat is a fine media agency, and no doubt they understand the Guinness brand well but if this example is anything to go by they’re just not that good at creative output.</p>
<p>Yes there are exceptions (I read the award papers too), but most of the time if you want a shower installed you’re better off going to a proper plumber, not to a guy whose plumbing knowledge is limited to knowing where the stop-cock is.</p>
<p>Despite my full-service background I do think that on balance the coming of the specialists has been a thoroughly good thing – but we’ve overdone it. What we now need if we’re to meet our clients’ needs properly is a way of knitting together specialists to deliver integrated solutions whilst at the same time ensuring that the specialists stick to what they’re good at and don’t go wandering off doing other stuff in pursuit of a fast buck.</p>
<p>In order for any of the existing players to deliver to that need requires objectivity and trust. And neither is in great supply.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Context Counts</title>
		<link>https://www.bjanda.com/blog/context-counts/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 06 May 2014 11:52:57 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=344</guid>

					<description><![CDATA[Here&#8217;s an ad. It’s quite a famous ad, for the UK’s Health Education Council. It dates from 1970, was the product of a young advertising agency called Saatchi and Saatchi and was written by the agency’s creative director, Charles Saatchi (before he went off to reinvent art). It ran in print. What if Saatchi’s had [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Here&#8217;s an ad.</p>
<p><img loading="lazy" class="alignnone size-medium wp-image-345" alt="saatchipublichealthad[1]" src="http://www.bjanda.com/blog/wp-content/uploads/2014/05/saatchipublichealthad1-187x300.jpg" width="187" height="300" srcset="https://www.bjanda.com/blog/wp-content/uploads/2014/05/saatchipublichealthad1-187x300.jpg 187w, https://www.bjanda.com/blog/wp-content/uploads/2014/05/saatchipublichealthad1.jpg 374w" sizes="(max-width: 187px) 100vw, 187px" /><br />
It’s quite a famous ad, for the UK’s Health Education Council. It dates from 1970, was the product of a young advertising agency called Saatchi and Saatchi and was written by the agency’s creative director, Charles Saatchi (before he went off to reinvent art). It ran in print.</p>
<p><span id="more-344"></span>What if Saatchi’s had produced this ad today? And what if the HEC&#8217;s media agency, across town from Saatchi&#8217;s and who would probably not have seen the copy unless the planner had made a bit of an effort, had written a plan featuring native this and digital that and which (and this is surely the important piece) was optimised to deliver really huge audiences on a mix of online sites. Much, much bigger than could be achieved in print alone.</p>
<p>The media agency would have briefed the trading desk; the trading desk (most unlikely to have seen the copy) would place the ad to maximise the audience, programmatically of course. Some of these placements may well not have been ideal – as an ad for the Health Education Council there would be a fair chance our ad would have finished up on health sites, exercise sites, alongside ads for gyms and sports equipment. Maybe someone had heard it had something to do with food – so it would have appeared on food sites, alongside restaurant reviews and recipes.</p>
<p>And then (to coin a possibly rather appropriate phrase) the shit would indeed have hit the fan. The ad would have gone viral – but not in a good way. The ad would certainly have got exposure – but generally attached to comments complaining about it and blaming the HEC for ‘being disgusting’ and ‘scaring people’. The media agency would have shifted seamlessly into ‘post-rationalisation’ mode, claiming that the shock and disgust felt by those exposed was part of the strategy. They might even have rewritten the strategy in an awards entry and won.</p>
<p>I would contend that this is an ad worth thinking about, worth chewing over (sorry). It’s an unusual ad in that it contains only facts – no opinions. It shouldn’t elicit shock and enraged comments, rather it should make you think and hopefully change your behaviour.</p>
<p>I don’t know anything about the placement in 1970 but I bet the copy would have been enhanced by the context in which it appeared. It’s a brilliant use of words – it has to be read. The core idea would not have been served well by the highly transitory, fleeting nature of most online environments. It would not have been a good radio ad, or a TV ad. It’s a print ad. And as such it works.</p>
<p>Context is important. Reducing everything to an audience number and making that number as big as possible all too often misses the point. Building a plan that certainly reaches the audience you want to reach, but does so within the most appropriate context, and thus gets into the brain of the desired consumer at just the right moment to gain the maximum effect – that’s great planning.</p>
<p>Go back to the top and read the ad again. And then tell me that context counts for nothing.</p>
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		<title>Publicis and Omnicom: Oh Dear</title>
		<link>https://www.bjanda.com/blog/publicis-and-omnicom-oh-dear/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 29 Apr 2014 13:14:38 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=339</guid>

					<description><![CDATA[Generally speaking when one organisation merges with another someone responsible for corporate guff produces some words that claim certain benefits to a) staff; b) shareholders; c) suppliers; d) clients; e) society or consumers as a whole; or f) all of the above. No-one really believes the benefits except perhaps the shareholders. To the staff there [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Generally speaking when one organisation merges with another someone responsible for corporate guff produces some words that claim certain benefits to a) staff; b) shareholders; c) suppliers; d) clients; e) society or consumers as a whole; or f) all of the above.</p>
<p><span id="more-339"></span>No-one really believes the benefits except perhaps the shareholders. To the staff there are inevitably job losses; to suppliers, tougher terms; and to clients, promises rarely if ever kept. As to society as a whole – well, generally society as a whole couldn’t care less.</p>
<p>In the case of the Publicis Omnicom merger as far as I can make out there were few words from the mergees, although plenty from everyone else. This wasn’t because the benefits to one and all were crystal clear – in fact the exact opposite was the case. No-one, me included could think of a single benefit to anyone not called Levy or Wren. <a href="http://www.bjanda.com/blog/bigger-better-ummm/">Here’s</a> what I posted last August.</p>
<p>Marketing services businesses merge (or combine through takeover) for a set of pretty obvious reasons. There might be geographic holes that need filling; or skills weaknesses to be addressed. Or the businesses might just be wonderfully complimentary – a highly creative digital agency with no track record in ‘traditional’ advertising merging with an admired creative agency that has little experience with digital or social channels.</p>
<p>There might be shared clients who would benefit from a stronger team on the business than can be afforded by either agency on its own. Or there might simply be a fantastically talented group without the business acumen or scale to grow to their potential.</p>
<p>All of these, and no doubt very many more are good reasons to merge; or for one organisation to take over another. None of these, as far as I can see apply to the coming together of Publicis and Omnicom. The only reason I have seen postulated is that somehow one giant organisation can screw better deals and more rebates out of certain media companies than can be achieved by two very large media buying organisations. Oh, and there was also something anodyne about Big Data – but then everyone in advertising has to mention Big Data at every opportunity as not to do so marks them down as not serious players.</p>
<p>What we heard when we eventually heard anything at all <span style="text-decoration: underline;">was</span> guff – and furthermore everyone except perhaps some ill-informed analysts and the odd gullible trade press journalist recognised it as such.</p>
<p>Now the rumour mill (notably ‘The Wall Street Journal’) has it that maybe the merger will not actually take place after all. Something to do with tax (clearly big data expertise doesn’t run to tax), and with who gets which job (bound to please the shareholders, that one).</p>
<p>I should make it clear that I have no idea if the rumours are true but if they are does it matter? Messrs Wren and Levy will look ridiculous and will have their respective legacies tainted. Lots of people will have wasted lots of time and no doubt a great deal of money – time and money that could perhaps have been better spent not losing quite so many accounts over recent months to WPP.</p>
<p>Meanwhile Sir Martin Sorrell will enjoy himself enormously, whilst hoovering up business. What I am prepared to bet he won’t do is buy IPG – despite this being a nailed-on certainty just a few short months ago in the eyes of the aforementioned ill-informed analysts and trade press journalists.</p>
<p>Omnicom and Publicis shareholders will no doubt be upset, but then they shouldn’t really be all that surprised, as anyone with any knowledge of the ad business could have told them months ago that as this planned merger would bring zero benefits to staff, suppliers or, most important of all clients then maybe they shouldn’t bank on it delivering some great golden egg to them either.</p>
<p>Meanwhile the guys who work for either Omnicom or Publicis will no doubt carry on doing what they do, many of them very well, without the distraction of having to contribute to what is said to be 70 integration committees. Maybe they’ll toil away with a tad less admiration for their leaders than they used to have though.</p>
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		<title>What Business Are We In?</title>
		<link>https://www.bjanda.com/blog/what-business-are-we-in/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 24 Apr 2014 08:13:00 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=336</guid>

					<description><![CDATA[In a time long, long ago (October last year, to be precise) I posed the question: “What business are the media agencies (and more specifically their sibling trading desk partners) in?” You can read the original post, called Traders 0; Ideas 1 here. I have been prompted to go back to this issue by an [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In a time long, long ago (October last year, to be precise) I posed the question: “What business are the media agencies (and more specifically their sibling trading desk partners) in?” You can read the original post, called Traders 0; Ideas 1 <a href="http://www.bjanda.com/blog/traders-0-ideas-1/">here</a>.</p>
<p>I have been prompted to go back to this issue by an excellent article in the US publication Media Post by Joe Parchese, (<a href="http://www.mediapost.com/publications/article/223850/the-coming-subprime-advertising-crisis.html">here</a>). In his piece, Joe makes a comparison between the online media business, and the sub-prime housing crisis of 2008. His point is that the root cause of what turned into financial meltdown was the practice of loaning money via mortgages to people who were most unlikely ever to be able to repay. Explained on a one-on-one basis no-one could ever think anything other than that this practice would have disastrous consequences. Why lend to someone unable to repay with the loan secured on a property worth less than the loan?</p>
<p><span id="more-336"></span>But, as Joe points out, wrap many thousands of these loans up, add the requisite amount of incomprehensible financial jargon and suddenly you’re in a position where you can fool many people for a great deal of the time. Although not everyone for all of the time as it turns out.</p>
<p>Online advertising is a little like that. It doesn’t really matter whose figures you believe, a very great deal (30%? 40%? 50%?) of ad impressions are never seen by a human, and even if they are seen they’re seen fractionally and fleetingly at best. So, why would any advertiser make a decision to spend money on a medium a large part of whose audience doesn’t exist? But add a pinch of fashion and a sprinkle of salesmanship, garnish with some meaningless mumbo-jumbo and guess what? A business is born.</p>
<p>A media professional’s job used to be easy to explain. Place the right ad in the right place to be seen by the right people, and measure whether it’s worked or not. In other words media people were in the ad business. Clients paid the bills; an agency succeeded or failed on the back of the quality of the work produced, and the number of clients attracted and retained.</p>
<p>Today the long-ago debate as to whether or not agencies should become publicly quoted businesses, or whether in so doing they would find themselves conflicted between the interests of their clients and those of their shareholders seems ridiculously arcane not to mention quaint. And yet today there are echoes of relevance – as more and more media agency (and technology partner) revenue comes from suppliers as opposed to clients – and this at a time when the media agencies are under pressure to continue to deliver margins significantly above most if not all of the other disciplines owned by their holding companies, thus keeping the holding company’s shareholders happy.</p>
<p>I suspect that these days many media agency hours are spent working out how to increase revenue from trading; maybe even more than are spent debating how best to grow the client’s business. In the midst of which the advertising per se becomes almost an irrelevance.</p>
<p>When Sir Martin Sorrell made his much quoted remark about the maths men taking over from the mad men he was reflecting a rebalancing of the disciplines within the ad business. Rebalancing doesn’t mean losing sight of the overall aim – which surely must be to use your professional skills to help your clients succeed.</p>
<p>Clients want to believe that the agencies they hire will work towards that aim. They believe that the media end of the advertising equation will do what they always set out to do – place ads – even though they will do it with a great deal more knowledge, insight, creativity and sheer professionalism than ever before.</p>
<p>In effect clients think media agencies are in the ad business. I’m not sure that many trading-driven organisations agree. And that’s where many of today’s problems between agencies and clients start.</p>
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		<title>The Movement for Slow Media</title>
		<link>https://www.bjanda.com/blog/the-movement-for-slow-media/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 15 Apr 2014 15:06:07 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=332</guid>

					<description><![CDATA[We live in a strange bubble; a universe inhabited by media experts, all of whom by definition are interested in new technology and the latest bright shiny object. This can be very misleading, which is why it’s always a good idea to spend some of your time when you’re out and about observing people’s media [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>We live in a strange bubble; a universe inhabited by media experts, all of whom by definition are interested in new technology and the latest bright shiny object. This can be very misleading, which is why it’s always a good idea to spend some of your time when you’re out and about observing people’s media behaviour. Normal people; real people.</p>
<p><span id="more-332"></span>Today I travelled on the train, and the London underground. I noticed many people using their phones to play games, check their emails or play music. I saw no-one with a tablet. I saw a very large number reading the Metro (a free London paper) in its printed guise. Was I observing a representative group? No of course not. Are the findings scientific? No again.</p>
<p>But they are interesting (and I should say I travel in this way a lot and what I see pretty well every day is largely the same) in that they do I think point up the differences between the way we all like to think people behave, and the way they actually do.</p>
<p>To very many people (and you’ll notice how I skirt around the issue of actually quoting numbers) the paper version of a newspaper is a desirable, convenient thing. The same is true of TV. TV viewing increases because watching TV is actually a relaxing and pleasurable experience. Can I hook up my laptop and/or tablet to my TV? Yes I can. Can I be bothered? No.</p>
<p>Last week I read an interesting piece by John Carroll, a Senior Director at the research agency IPSOS Mori. In it John was extolling the benefits, the real pleasure he gets from reading a physical newspaper. In fact he had he said cancelled his tablet subscription in order to reinstate the paper version.</p>
<p>I feel the same way. To me, reading a newspaper over breakfast is a pleasure. Dividing the sections up between us means we can both read what we want in the order we want, and we can discuss what stories we’ve enjoyed. Reading the same content online of course brings benefits, such as regular updates and the like but it is a different, more personal, more isolated and isolating experience. Not better, not worse just different.</p>
<p>There seems to be a default human condition that we can somehow only accept one version of something whilst taking a perverse pleasure in running down all alternatives. It was the same with food a few years ago. Everything had to be fast, rushed, and highly convenient. And yet as the movement for slow food pointed out there is great pleasure to be had from taking the time to enjoy a meal lovingly prepared and served. Fast food has its place but it’s not the only show in town.</p>
<p>So it is with media. We are lucky enough to live in a media age of massive choice, and of technological wizardry. It’s brilliant to be able to catch up with the cricket scores on my phone whenever and wherever I want. It’s wonderful to be able to share photos instantly with friends and family on the other side of the world. But it’s also wonderful to sit quietly with a cup of tea and wallow in excellent journalism in a format that just suits the moment.</p>
<p>There is no right or wrong; no traditional and new age. Every media form has its place and its role. No one form is enhanced by diminishing, or running down the other option. Consumers, real people understand this instinctively and use different media, different platforms at different times and for different things. Next time you’re on the train or the tube look up from your phone for just a few seconds and you’ll see what I mean.</p>
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		<title>Sir Martin Sorrell and Google-the-Gorilla</title>
		<link>https://www.bjanda.com/blog/sir-martin-sorrell-and-google-the-gorilla/</link>
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		<pubDate>Tue, 08 Apr 2014 12:48:16 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=326</guid>

					<description><![CDATA[With thanks to Arif Durrani whose &#8216;Media Week&#8217; article provided many of the direct quotes in this post. Sometimes you just get lucky. I was scouring the web for ideas when I stumbled across a live feed of last week’s Advertising Week discussion between Sir Martin Sorrell, and News Corp’s CEO Robert Thomson. Thomson was [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><em>With thanks to Arif Durrani whose &#8216;Media Week&#8217; <a href="http://www.mediaweek.co.uk/article/1288329/google-trying-hang-us-dry-says-martin-sorrell">article</a> provided many of the direct quotes in this post.</em></p>
<p>Sometimes you just get lucky. I was scouring the web for ideas when I stumbled across a live feed of last week’s Advertising Week discussion between Sir Martin Sorrell, and News Corp’s CEO Robert Thomson. Thomson was in mad-swivel-chair mode, swinging around so fast that he often appeared to face in several directions at once; Sir Martin was perfectly still and yet somehow and most unusually appeared rather unsettled.</p>
<p><span id="more-326"></span>I connected at just the moment when Sir Martin started to discuss transparency. It was <b>“laughable”</b> (his word) that anyone would think that Xaxis, his media technology business was anything other than totally transparent (<b>“Advertisers aren’t laughing” </b>was one immediate response on Twitter). I must say I wondered if somehow technology had informed the great man that I had joined the feed, so pertinent were his comments to stuff I’ve written <a href="http://www.bjanda.com/blog/when-keeping-it-in-the-family-can-become-incestuous/">here</a> recently. I checked my camera was turned off. And hid behind my desk just to be sure.</p>
<p>Then he started on Google. Martin’s stated problems with Google are first that they are <b>“not transparent” </b>and second that <b>“their sales force has been in trying to disintermediate us and hang us out to dry”. </b>We’ll come back to the transparency point in a minute, but what’s behind the disintermediate issue?</p>
<p>Basically it would appear that Google has been going to see GroupM’s clients without involving GroupM. This is a bad thing as, in Sir Martin’s words: <b>“There has to be somebody who has to evaluate the amount they [clients] spend and where they spend it”. </b>Indeed there does; total objectivity is the cornerstone of every media agency/client relationship.</p>
<p>Having said that, media owners have been going to see clients directly forever and a day. Generally, if there’s a trusting, strong relationship between client and agency the client picks up the phone to the agency as soon as the meeting is finished, and together agency and client agree a course of action – maybe doing the deal direct might benefit the client more, which is something most agencies have no problem with. After all they get paid just the same and have to do less to close the deal.</p>
<p>Of course sometimes agencies of all shapes and sizes do have a problem with the direct sell – as such deals can mess up agency deals based on total volumes. These are deals constructed to benefit the agency as the rebates generated occasionally have been known not to find their way back to the client.</p>
<p>In any event, if you’re an advertiser why not go and talk directly to key media owners? You might finish up with a better or a broader deal. And anyway, it’s your money and your prerogative to speak with your key suppliers and partners if you choose to do so.</p>
<p>Then there’s the subtext that the GroupM guys have sought to involve their boss. Here’s the complete Sir Martin quote from the AW stage: <b>&#8220;The problem is we have these lovely conversations at senior levels in nice parts of the world and then I go to the markets and our people tell me, ‘Martin you don’t know what you’re talking about, their sales force has been in trying to disintermediate us and hang us out to dry’. That is the problem”.</b></p>
<p>I can imagine the hollow laughter from various sales directors at this as they recall how often they’ve been assured by someone at the top of an organisation how important they are to their business, only for the same organisation’s buyers to beat four bells out of them the next day. It’s kind of how it works.</p>
<p>Then there is the lack of transparency point. Surely it’s hypocritical for Sir Martin Sorrell, one of whose operating units refuses to allow client-appointed auditors in to the business (despite the point that: <b>“There has to be somebody who has to evaluate the amount they [clients] spend and where they spend it”</b>), and which sees no reason to tell clients what was paid for the space purchased on their behalf, to accuse Google of not being transparent?</p>
<p>On what basis does Sir Martin make this accusation? Because (and I paraphrase): <b>“When we went to see them they wouldn’t share their algorithms with us. So they’re not transparent”.</b><b> </b></p>
<p>I do believe that WPP and Sir Martin personally have been a source of good for the business. It’s largely through his and his peers’ efforts that the advertising business is these days taken as seriously as it is by the likes of financiers and the politicians. I also think that WPP is the most impressive of the holding companies, something I pointed out <a href="http://www.bjanda.com/blog/one-throat-to-choke/">here</a>. Plus, I worked for one of his companies, met him several times and was most impressed. But really this is nonsense.</p>
<p>I await Sir Martin’s assertion that Coca-Cola is a non-transparent organisation for not sharing the Coke formula with their partner agencies.</p>
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		<title>The Value of Relationships</title>
		<link>https://www.bjanda.com/blog/the-value-of-relationships/</link>
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		<pubDate>Mon, 31 Mar 2014 15:56:42 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=322</guid>

					<description><![CDATA[When it comes to advertisers and their relationships with their advertising and media agency partners, change may not be all it’s cracked up to be. Or, to put it another way, some change is good but too much can be decidedly anti-productive. At the end of last year the incoming IPA President (the IPA is [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>When it comes to advertisers and their relationships with their advertising and media agency partners, change may not be all it’s cracked up to be. Or, to put it another way, some change is good but too much can be decidedly anti-productive.</p>
<p><span id="more-322"></span>At the end of last year the incoming IPA President (the IPA is the UK ad agency trade body) Ian Priest laid out his vision for his term of office, the outcome of which he neatly summarised in a hoped-for future headline in The Financial Times: <b>“Client confidence in agencies soars as business results demonstrate value of creativity”.</b></p>
<p>One of Ian’s main points is that there is a direct correlation between the length of a client/agency relationship and the quality of the work produced. He quotes various examples: BBH and Audi (30 years); DDB and Volkswagen (over 50 years); AMV and Sainsbury’s (over 30 years), and of course there are more.</p>
<p>I agree with him and not just on the topic of award-winning creativity. Agencies working on the Procter and Gamble business have long benefited from the loyalty shown to their organisations – a loyalty that allows those working on the account to focus on their role on the business (whatever that might be), as opposed to always worrying about the politics associated with a change in brand team, at whatever level. And of course there are many examples here too.</p>
<p>The IPA has set up an initiative that brings together the ISBA (the UK advertiser body), The Marketing Society and the IPA to try to improve the relationship between advertiser and agency – a relationship that has deteriorated in the sense that the average tenure on a piece of business has fallen from 7.2 years in 1984 to just under 3 years in 2013.</p>
<p>This seems to me to be a most worthwhile and indeed mature initiative; and all credit to the IPA and to Ian Priest for taking it. I would contrast it with the language of the media agencies where the talk is of not blinking in what they see as a toe-to-toe battle with procurement departments; of advertisers bringing agency bad practice on themselves through their behaviour on payment terms; and of clients not being prepared to pay for upstream planning services. In short – a confrontational stance that is diametrically opposed to the collaborative position taken by the IPA.</p>
<p>Much of what the media agencies say may very well be founded on truth. It is certainly entirely unreasonable for clients to impose payment terms on them that lead to them having to behave as if they were banks (on many levels). It is most unsatisfactory if procurement terms are dominating any decision on which agency to select and how to work with them. It is a dreadful indictment that the agencies have for many years failed to convince their clients of the true value of great planning (‘value’ equalling something worth paying for).</p>
<p>I question whether the war of words is really all that helpful. The IPA represents media agencies as well as their creative cousins, and even though Ian Priest’s words have focussed on creativity there is much in the collaborative nature of this initiative for the media agencies.</p>
<p>They could start by coalescing around a theme – maybe something to do with trust and mutual benefit. They could come up with a charter, and seek to engage and involve advertisers in it. The way for the media agencies to improve the currently sorry reputation of the sector is to prove their good intentions with words and deeds. And words aren’t a bad place to start.</p>
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		<title>Memories of Norman Berry</title>
		<link>https://www.bjanda.com/blog/memories-of-norman-berry/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 25 Mar 2014 08:32:28 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=315</guid>

					<description><![CDATA[This week’s post is less topical than most and more personal – but I hope interesting. Four years ago last Sunday one of my professional heroes, and the person who taught me more than any other about the advertising business died. His name was Norman Berry. Norman was an extraordinary man. He was born in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This week’s post is less topical than most and more personal – but I hope interesting. Four years ago last Sunday one of my professional heroes, and the person who taught me more than any other about the advertising business died. His name was Norman Berry.</p>
<p><span id="more-315"></span>Norman was an extraordinary man. He was born in 1931, and worked at Lintas and then at Young and Rubicam (where he was creative director) before founding what was then Davidson Pearce Berry and Tuck (later Spottiswoode) in 1964. Ogilvy acquired a minority in the agency in 1971; Norman moved to Ogilvy in New York in 1980; the agency was eventually sold to what was then BMP in the late 1980’s.</p>
<p>I joined Davidson Pearce as a media researcher in 1974. Maybe rather surprisingly, given my specific role I worked very closely with Norman in winning ‘The Observer’ account in 1978. I asked to run the business and thus became one of the few with the duo title of Media Research Manager and Account Director. But actually it wasn’t that unusual; everyone there at the time will agree that they were given every encouragement to spread their wings. Furthermore all would claim they worked closely with Norman, as indeed they did. He simply was the agency.</p>
<p>It’s hard to imagine in these days of huge holding companies how one man can embody the spirit and the talent of such a large, successful agency in the way that Norman did. He was everywhere and involved himself it seemed in everything. Furthermore he had time for everyone – even a media research geek.</p>
<p>The agency worked hard (it was the agency behind the iconic PG Tips chimp commercials as well as handling the Conservative Party account and a host of what were then high-profile clients); and it played hard (a TV documentary on ‘The Office Party’ featured the agency’s Christmas party and can still be found on YouTube). It nurtured talent; Allan Rich, who went on to found The Media Business and, in due course MediaCom was the Media Director; Ray Kelly who went on to be one of the founders of TMD, and subsequently CEO of Carat was a planner; Bill Jones, another MediaCom founder was a press buyer; Nigel Sharrocks (more latterly CEO at Grey and CEO at Carat) was a planner. And there were many more.</p>
<p>Stories about Norman were many and legendary. Most are unrepeatable (certainly in a family-friendly blog) but they all involve one thing above all others: Norman standing up for what and who he believed in: the creative output of his agency; and his staff. No-one, be they clients or prospects got to mess with either. Norman would rather resign the business than compromise his principles (indeed he once resigned an account after a junior client had both insulted his staff and unreasonably rubbished the creative work, with the words ‘If this was my agency….which it is….I would resign your account, which I just have.’).</p>
<p>It’s hard to imagine Norman’s principles flourishing in a huge holding company; I can’t help feeling the business and the overall quality of its creative output is the poorer for that.</p>
<p>Norman was a man of huge integrity. Although I last saw him in New York over 30 years ago (by which point I was at Leo Burnett) the lessons he taught me in the 1970’s have stayed with me to this day. Norman had soul; he cared. I’m not sure either quality is all that much in evidence today.</p>
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		<title>Why Xaxis Needs a Whyaxis</title>
		<link>https://www.bjanda.com/blog/why-xaxis-needs-a-whyaxis/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 18 Mar 2014 08:34:31 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=312</guid>

					<description><![CDATA[The problem with Xaxis – the WPP-owned media technology business – is that no-one seems to have worked out that it needs a Whyaxis to make it complete. To recap, Xaxis has managed to attract opprobrium from all sides (including this one) for being both a buyer and a seller of digital space (the selling [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The problem with Xaxis – the WPP-owned media technology business – is that no-one seems to have worked out that it needs a Whyaxis to make it complete.</p>
<p><span id="more-312"></span>To recap, Xaxis has managed to attract opprobrium from all sides (including this one) for being both a buyer and a seller of digital space (the selling bit comes via the merging with fellow GroupM business, the ad network 24/7). So Xaxis buys elements of campaigns for its clients from itself.</p>
<p>Statements from Xaxis that a) it will not allow any advertiser the right to audit the buys made on their behalf, and b) that it considers it irrelevant to tell their advertisers what it paid for the space it is now passing on haven’t exactly inspired confidence in the organisation’s transparency. The previous Cog Blog post on this is <a href="http://www.bjanda.com/blog/when-keeping-it-in-the-family-can-become-incestuous/">here</a>.</p>
<p>For a group of people who regularly advise their clients on the importance of brand trust the media agency business seems in need of some of its own advice. Right now the sector’s reputation is at a pretty low ebb – with accusations of opaque dealing, of keeping rebates generated by aggregating their clients’ budgets, and now of a major player refusing advertisers the right either to audit how their money has been spent or indeed to know what was paid for the space or time in the first place. This failure to be open and transparent affects the vital component of trust between advertisers and their agencies – and when trust starts to evaporate serious problems soon follow.</p>
<p>In February this year, Bill Duggan, Group EVP at the American advertiser association, the ANA wrote: <b>“Our business has historically been built on trust and relationships. But this transparency crisis is causing trust to break down and ultimately that will affect the relationships marketers have with their agencies and the media”.</b><b> </b></p>
<p>In 2012 a World Federation of Advertisers survey of its members found that 88% of respondents agreed with the following statement: <b>“Agency fees are falling, yet profits continue to rise. This demonstrates that advertisers feel that agencies and media owners are being less transparent than ever.”</b></p>
<p>It could all be so different. Operations like Xaxis are no doubt capable of bringing major benefits for which they can quite legitimately and openly charge. Furthermore I believe that advertisers, if approached in the right way and at the right level will pay for services that demonstrably add value.</p>
<p>Amongst these services are data analytic skills and the ability to turn the crude oil that is raw data into the valuable fuel that drives insights and leads to competitive advantage. Data skills sit neatly alongside research skills as a crucial input to communications planning.</p>
<p>So why subsume these skills within a set of operating principles that are guaranteed to fan the flames that flicker around the sense within many advertisers that the media agencies are basically a bunch of wheeler dealers determined to cheat them at every turn through one means or another?</p>
<p>Prioritising making money from dealing as opposed to charging clients openly and fairly for the time and the skills deployed on planning and evaluating the results of campaigns is a mistake that many of those who lead the media agencies have made over and over again. And here they are making it again.</p>
<p>There are quite legitimate reasons why a volume player like GroupM can offer benefits to its clients (after all it has plenty of no doubt happy customers). But broking space and time from a media owner owned by itself is unwise and could turn out to be the rotten apple that can with time ruin the crop.</p>
<p>When Sir Martin Sorrell announced the purchase of the ad network 24/7 by WPP in 2007 AdAge reported that analysts <b>“said they were not worried about a conflict of interest in a holding company owning an ad network”</b>. To be generous, maybe 6 or 7 years ago these analysts hadn’t thought through how this might develop. Given the scale of those large advertisers recently expressing concern publicly over Xaxis’ stated operating principles (some of whom have voted with their feet and gone elsewhere, even if still within the GroupM portfolio, at least for now) they may want to rethink that remark.</p>
<p>It would be smart if those who run Xaxis quietly started a re-think on just what it’s for. They need to appreciate that advertisers are increasingly and understandably demanding transparency and full disclosure (and yes I do appreciate the difference). Consequently there’s a need to reorganise and reposition the organisation around the good bits. It’s time to deliver a Whyaxix.</p>
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		<title>Media Metrics and Swill Buckets</title>
		<link>https://www.bjanda.com/blog/media-metrics-and-swill-buckets/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 11 Mar 2014 11:21:21 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=308</guid>

					<description><![CDATA[Ping! The Cog Blog’s proprietary programmatic search algorithms (fine-tuned to search for native opportunities) uncover yet another interesting article swilling around in what George Orwell would no doubt call the swill bucket of advertising and media-related content. This one is on the challenges facing the newspaper (sorry, newsbrand) business by MediaCom’s Chief Strategy Officer Sue [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Ping! The Cog Blog’s proprietary programmatic search algorithms (fine-tuned to search for native opportunities) uncover yet another interesting article swilling around in what George Orwell would no doubt call the swill bucket of advertising and media-related content. This one is on the challenges facing the newspaper (sorry, newsbrand) business by MediaCom’s Chief Strategy Officer Sue Unerman.</p>
<p><span id="more-308"></span>I can’t think of anyone less likely to be rattling a stick around a swill bucket than the fragrant Sue, one of a fairly short list of media agency executives whose views are always worth reading. This time around she asks why the industry can’t seem to agree on how best to measure total exposure to newsbrands’ content regardless of on which device that exposure takes place. The piece is <a href="http://sueunerman.com/2014/02/newspapers-and-prosperity/">here</a>.</p>
<p>Sue has spoken to (in her words) <b>‘advertisers of global importance recently, who are appalled at the stultification of the industry in this respect’.</b><b> </b></p>
<p>Setting aside the fact that most ‘advertisers of global importance’ wouldn’t recognise a debate on media metrics if it came up and introduced itself to them, the point Sue makes is an important one – indeed it’s one that fits neatly with a recent MediaPost <a href="http://www.mediapost.com/publications/article/220124/advertisers-and-agencies-do-you-want-to-be-at-the.html">blog</a> in the US by my old colleague Maarten Albarda.</p>
<p>Whereas Sue is discussing print, Maarten’s piece is focussed on TV and the GRP. He writes: <b>‘If I am …. any of the big marketing players, I would publicly state what I want, take a position and seek feedback from others. If I am WPP or IPG, I need to ensure that we end up with something that will work across all my clients and all my networks. I would want to be a player in defining the “new GRP.”</b><b> </b></p>
<p>Long-standing Cog Blog readers will remember Colin Gottlieb of OMG also criticising the industry’s media metrics last <a href="http://www.bjanda.com/blog/media-man-slams-media-numbers-shock/">year</a>. So Sue and Maarten are most certainly not alone; and of course all three have a point – industry-wide currency metrics are never going to fit every need, and the bodies responsible for them could certainly benefit from input from some of the industry’s leaders.</p>
<p>Defining and then managing the metrics that agencies and clients (and others) use to plan, buy and evaluate campaigns is frustrating, complicated, and time-consuming. It’s also important. Yet (and I speak from personal experience) it’s very hard to engage agencies (or at least those in agencies in a senior enough position to make their opinions stick) and clients in the conversation. The result of this inertia is that the debate is far too often managed and controlled by the relevant media owners – who of course have a certain vested interest. The bigger the better might be a fair summary of what they look for in the currency numbers.</p>
<p>One media group head I worked with in the US had a framed quote on his office wall from his client McDonald’s. It read: <b>“Media is far too important to be left to the media people.”</b></p>
<p>The same is true of media metrics, and media researchers. There are masses of opportunities for those with a point of view to get involved in and influence the discussion, from serving on Committees to taking part in the debate at the right conferences. All are welcome – and the more senior and opinionated the better believe me. I would be very happy if someone wrote in to correct me on this but I don’t think that Sue Unerman, or Colin Gottlieb do these things. Maarten’s excused as these days he consults – and everyone knows no-one listens to consultants or bloggers.</p>
<p>Of course, rather than do the hard yards you can of course always stand on the side of the pitch and shout. But if you decide to choose that option, don’t complain too loudly if you’re ignored as yet another noisy bystander.</p>
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		<title>Sell the Hole, Not the Drill</title>
		<link>https://www.bjanda.com/blog/sell-the-hole-not-the-drill/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 05 Mar 2014 08:29:03 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=305</guid>

					<description><![CDATA[Writing a blog has its ups and downs. On the upside, there are several handsome, well-informed, intelligent people who mail me, or comment on my site to say how much they enjoy what I write and how much they agree with me. Clearly these are people of taste and distinction. Then there are those who [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Writing a blog has its ups and downs. On the upside, there are several handsome, well-informed, intelligent people who mail me, or comment on my site to say how much they enjoy what I write and how much they agree with me. Clearly these are people of taste and distinction.</p>
<p><span id="more-305"></span>Then there are those who feel I need to be put straight in my opinions, or that I am badly misinformed, or that I simply don’t understand how the business works these days. Sometimes where it’s practical to do so I meet with these people – and very convivial these meetings have been. Generally I leave them convinced I’ve won them over and that actually we are in violent agreement with my published point-of-view.</p>
<p>Naturally they leave the same meeting with an equal sense of certainty, but from their perspective. They’ve put me right; and I will from now and forever respect the views of whichever organisation I’ve been meeting.</p>
<p>Sometimes I am genuinely taken aback. A while back now someone came up to me at a media function and said (I paraphrase) ‘the trouble with you is you just hate agencies’. The fact that I worked in advertising and media agencies from 1969 – 2003; that I absolutely loved it and was over that period a (highly vocal) apologist for both advertising and then media agencies against all sorts of criticisms from all sorts of people apparently doesn’t count for much.</p>
<p>I am still proud to describe myself as an (ex) agency guy; I have many friends in agencies and I genuinely believe that they add real value to those many businesses who use them well.</p>
<p>Which is why it saddens me that the media agencies are in danger of tearing themselves apart.</p>
<p>There have always been two conflicting forces at work in any media agency – in old language there’s the buyers and then there’s the planners. The hot and the cold. The analytical and the dealer. The client-focus and the media-owner-focus.</p>
<p>Of course these categories are by no means exclusive – some of the best dealers are highly creative and/or analytical in their approach to deals; many client-focussed leaders are admired by and achieve brilliant results from their media owner relationships. But what have for years been fault lines, easily explained away as constructive tension by anyone who knows what they’re doing, are becoming gaping cracks.</p>
<p>The cracks are caused by attempts to deal with conflicting approaches to ‘what’s best’. Agencies will tell you that clients say they want one thing (creative and original communications planning underpinned by strong analytical thinking)  whilst at the same time imposing lower fees, later payment terms and so on.</p>
<p>Clients point out that agencies appear dishonest and even hypocritical. They are regularly accused of keeping discounts; they say they prepare truly objective plans whilst at the same time pushing their clients’ money into properties they either own, or with whom they have over-arching deals.</p>
<p>There’s also the point that agencies aren’t always great at explaining the benefits of what they do. On the buying side (and this is especially true in the digital space, they construct deal policies that resemble in their labyrinthine complexity some of the investment instruments invented by some of the banks, which everyone pretended to understand but were in fact truly understood by the very few – and that didn’t end well.</p>
<p>The issue of course is that the definition of ‘what’s best’ rather depends on where you’re sitting. What’s best for the agency, I would argue is more clients who trust them, reward them with more responsibility and a greater range of tasks, and pay them accordingly. I would also argue that this model is best for most clients, at the very least those involved in brand building activities. This in effect is the management consultancy model we used to hear was the goal of so many agencies.</p>
<p>Their detractors would say that agencies are peddlers of a commodity, who don’t deserve trust and should be paid as little as possible as everyone knows they’re pocketing money on the quiet anyway.</p>
<p>Whatever the truth, and of course there is light and shade on both sides, one cannot forget that agencies agree the low fees they complain about – it’s rare (but not unknown) for any agency to walk away because the fee is too low, blinded as they often are by the glare of the headline.</p>
<p>Furthermore, claims of poverty don’t really wash. Any client worth his salt can estimate the sort of margins achieved by the large media agency groups – and they’re not exactly low.</p>
<p>If agencies want to fulfil their undoubted potential they need to sell the true business benefits they bring; the results not just the mechanics. They need to sell the hole, not the drill.</p>
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		<title>Tiptoeing Back into Deep Water</title>
		<link>https://www.bjanda.com/blog/tiptoeing-back-into-deep-water/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 25 Feb 2014 09:44:00 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=299</guid>

					<description><![CDATA[Brace yourselves! It’s time to tiptoe back into the murky waters of media buying, following my earlier post focussing on the let’s just say ‘misguided’ move made by Xaxis into becoming both a buyer and a seller of digital space, a topic I’ll be returning to. As an equal opportunity dispenser of criticism, this time [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Brace yourselves! It’s time to tiptoe back into the murky waters of media buying, following my earlier post focussing on the let’s just say ‘misguided’ move made by Xaxis into becoming both a buyer and a seller of digital space, a topic I’ll be returning to.</p>
<p><span id="more-299"></span>As an equal opportunity dispenser of criticism, this time the Cog Blog’s all-seeing eye is drawn to a comment from ZenithOptimedia, whose Neil Ascher (US Managing Director and President of Diversified Services) responded to a piece by John Billett in MediaPost on agencies allegedly not passing media owner rebates back to their clients with the following:</p>
<p><b>“….advertisers have no one to blame but themselves. Procurement departments with little understanding of what their marketing colleagues actually require of their agency have squeezed so hard on compensation that the staff required cannot be afforded.”</b></p>
<p>Ahah, it’s all the customer’s fault. Let’s explore this a little further.</p>
<p>Agencies have for very many years undersold their (usually excellent) planning, research and analytics capabilities, whilst at the same time focussing their commercial efforts on the increasingly complicated buying end of what they do. Ask yourself this: if faced with two options, the first of which involves some hard thinking (and hard negotiating with CMO’s and CFO’s) in order to demonstrate the true business value of communications planning and research; and the second involves toughing it out with the media suppliers (with no client anywhere in sight) in order to secure first a cheaper cost-per-thousand (however irrelevant such a measure might be) and second a rebate for the agency based on the agency’s total volume, which would you choose?</p>
<p>Why else would agencies go into pitches promising cheaper prices and lower fees, with the planning piece relegated at best to an interesting sidebar (albeit one with great potential to add value to the client’s business) and at worst as a device to justify the buy?</p>
<p>As previous Cog Blog posts have commented, that flapping sound you hear is of a number of chickens coming home to roost. Over the last few years clients have woken up to the fact that some agencies have not been wholly transparent when it comes to returning rebates. Furthermore, some have had a look at the many vices inherent in buying online space and have decided they don’t much like what they see. And they’ve concluded that if the game is all about money, it’s best for the procurement team to drive the money as low as possible.</p>
<p>If on the other hand the game is about adding value, acting as a trusted advisor, behaving more like a management consultancy (it wasn’t that long ago that Nick Emery of Mindshare was in the press comparing his organisation favourably to McKinsey – and he wasn’t by any means the only one), then the challenge is to get out there and sell the value of the service.</p>
<p>Whinging about procurement is just that – whinging. Some years ago now BJ&amp;A was commissioned by the UK advertisers’ association ISBA (our equivalent of the ANA or the WFA) to do some work on procurement officers’ attitudes to the market research agencies (a whole other story). We found the procurement officers we interviewed to be serious, committed professionals who understood very well the difference between a cheap-as-chips commoditised service, and the service offered by a true, added value partner. Further we found them quite prepared to pay more for something that demonstrably added real value. The key word in that sentence of course being ‘demonstrably’.</p>
<p>ZenithOptimedia positions itself as ‘the RoI agency’, a positioning much lauded by the press and supported by the usual array of planners, researchers, and analysts. Yet it would seem, if we take Neil Ascher’s words at face value that his agency is beaten from pillar to post by those nasty procurement people who have his clients’ marketing managements so under the cosh that ZOG is forced against its will to provide services valued by the marketing team (but not it seems by the uninformed procurement team) for next to nothing. Thus the agency cannot be blamed if it earns a crust from media rebates.</p>
<p>Now, who would you say is to blame for that sorry state of affairs? Those doing the buying or those doing the selling?</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Online Creativity? OMG!</title>
		<link>https://www.bjanda.com/blog/online-creativity-omg/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 18 Feb 2014 14:54:58 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=293</guid>

					<description><![CDATA[Why are so many online ads so awful? Well, they are aren’t they? I don’t include in this blanket condemnation those YouTube ads that are long-form versions of regular TV ads, or those TV or regular print executions that finish up online via social media sites, or indeed are placed there deliberately. But the rest? [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Why are so many online ads so awful? Well, they are aren’t they? I don’t include in this blanket condemnation those YouTube ads that are long-form versions of regular TV ads, or those TV or regular print executions that finish up online via social media sites, or indeed are placed there deliberately.</p>
<p><span id="more-293"></span>But the rest? In my own limited universe of sites visited there’s the one with the guy starring out to sea or walking along a white sandy beach whilst considering his investment portfolio; the many inappropriate invitations to claim for industrial injuries; the tedious banner ads that confuse a flashing, repetitive image with an idea; and the tweets from venerable institutions trying to appear somehow ‘modern’ by using expressions like OMG. I imagine someone with some pretence to being a professional writes these – unless the client’s marketing intern has been playing with the various offerings that let anyone create their own ad from a mix and match template.</p>
<p>There’s a serious point to be made – by and large the creative industry has not come to terms with how to speak online. Yes, I know there are some great exceptions but by and large the ads just aren’t very good. It’s almost as if it has been decreed that online is just direct response or leaflet drops for the modern age; or that it’s a rather cacky medium not worthy of real creative consideration.</p>
<p>At the same time we seem to have mislaid our belief in the skill of creative people. It is commonly said that everyone is an expert in two things – his own profession and advertising. What we’re seeing online is that thought given shape, as the (non) experts take over the creative process.</p>
<p>Coming up with, even recognising an original, powerful idea is not easy. I was once asked to judge a creative competition, along with several professional creatives (no, I don’t know why either). I read all the material, made my choices in private and then went to an excruciating (for me) meeting in which every judge bar one agreed on what was a good idea and what wasn’t. The ‘bar one’ was consistent in every instance. My two saving graces were first that I sensibly chose to speak last each time; and secondly I really couldn’t disagree with what the others were saying. It was simply that I didn’t have the skills to spot the points they were all making.</p>
<p>But now everyone is not only an expert, but they’re given the canvass to demonstrate their expertise, or lack of it.</p>
<p>Whatever happened to original creative thought; to teamwork with delivery mechanism and creative idea working hand-in-glove? What about the common-sense mantra that just as the best creative work in history is useless if no-one sees it, so the best and well thought out communication plan is equally worthless if the message the audience sees is so mundane that no-one pays it the slightest attention.</p>
<p>Whilst teamwork happens (to a greater or lesser extent) in traditional media, the output seems to suggest it is less common online. It could be that we haven’t yet found the key to effective online communication. Certainly social media forms (where so many of the worst examples are to be found) are more about building and nurturing relationships than about brand advertising, but then again advertising has a proud tradition of building relationships between brands and consumers. It just seems that those with the best ideas are not practicing their craft online.</p>
<p>I might not be great at spotting great conceptual ideas, but I can spot a turkey a mile off and at the moment online boasts more turkeys than Bernard Matthews.</p>
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		<title>The History Boy</title>
		<link>https://www.bjanda.com/blog/the-history-boy/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 11 Feb 2014 13:51:04 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=289</guid>

					<description><![CDATA[It’s a curious thing that whereas many media people of my generation find it essential to learn as much as we can about the digital world, many digital natives currently populating the media world do not seem to consider it in any way relevant to learn anything from or about the past. Every so often [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s a curious thing that whereas many media people of my generation find it essential to learn as much as we can about the digital world, many digital natives currently populating the media world do not seem to consider it in any way relevant to learn anything from or about the past.</p>
<p><span id="more-289"></span>Every so often I feel the need to remind you why this is called The Cog Blog. Although I do use cogs on this site as an illustration of what happens when you ‘join the dots’ in thinking, more relevantly perhaps Cog stands for Cynical Old Git; and it’s certainly true that over the years I have become more cynical than I used to be about the advertising and media businesses. It’s also true that I’m getting pretty old – at least by the standards of the advertising and media businesses.</p>
<p>The major benefit my advanced years brings (beyond increasingly finding carpet slippers and a pipe strangely attractive items) is experience; the sense that many of the concepts, the issues, the debates that occupy the pages of the trade press these days have indeed been there before.</p>
<p>It’s easy to say that each generation finds the past an irrelevance – but actually it isn’t true. When I was learning my trade in the old full service ad agencies I could have bored for England with my knowledge of the great men of the industry and the issues of the day. I could have told you all about Bill Bernbach and Rosser Reeves, David Ogilvy and Leo Burnett. I made it my business to understand what USP’s were all about, and I did my best to understand the theories of Simon Broadbent and John Philip Jones. Being interested in stuff outside of your particular job function wasn’t particularly unusual – there were groups to go to and conferences to attend. Nowadays too many groups and conferences are excuses for sales pitches by sponsors – which is why I generally don’t bother going.</p>
<p>Does this lack of interest in the past, this narrowness in thinking only about the immediate present matter? Well, when it comes to the core theories on how advertising works I think it does.</p>
<p>Nowadays there is an understandable interest in short-term advertising effects. Fair enough; times are hard, Boards demand results, and the digitisation of media channels means that it is more possible than ever before to track results. Attention spans are short (and I’m talking about professional attention spans, not just how long the average consumer can focus on one thing before casting around for something on which to multi-task), and so as a result we expect the model to be spend the money, count the return.</p>
<p>But as those who’ve been around a bit know, brands aren’t built like that. Brands are built over time; in Jeremy Bullmore’s words, <b>“people build brands as birds build nests, from scraps and straws we chance upon”</b>. Some of those scraps are of course via short-term activities such as what used to be referred to as direct response ads, but to stretch Jeremy’s analogy to breaking point, it would be a pretty poor nest built only out of one size or one type of scrap.</p>
<p>Many people in advertising agencies understand this well, and are well-versed in communicating the benefits to a business of long-term brand building. Yet it is fairly unusual to come across digital media agency managers well informed as to how different media strategies can help build healthy brands.</p>
<p>Certainly they can explain very well how digital works and what programmatic buying means (actually that’s a lie, no one can explain what ‘programmatic’ means as it mutates to mean whatever the speaker wants it to mean). But they often struggle to understand the role that their particular specialism plays within what used to be called ‘the marketing mix’.</p>
<p>Many commentators, including this one have pointed out that what consumers do, and have always done is use a variety of channels and devices to fulfil different needs. So it is with communication planning – advertisers need and use a variety of channels and techniques to build their brands.</p>
<p>It would be smart of the digital generation to understand that this isn’t about throwing rocks at each other (‘my channel’s bigger than your channel’) but rather it’s about collaborating and combining to meet the advertiser’s strategic objectives. And an understanding and appreciation of where we’ve come from can help when it comes to deciding where to go.</p>
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		<title>When Keeping It In The Family Can Become Incestuous</title>
		<link>https://www.bjanda.com/blog/when-keeping-it-in-the-family-can-become-incestuous/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 05 Feb 2014 11:28:43 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=285</guid>

					<description><![CDATA[Today’s Cog Blog is rather longer than usual. Furthermore it contains some references to a time longer ago than last month (30 years or so in the 1980’s and early 1990’s to be precise) so those readers with a short attention span, along with those who believe that all history is bunk might be well [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Today’s Cog Blog is rather longer than usual. Furthermore it contains some references to a time longer ago than last month (30 years or so in the 1980’s and early 1990’s to be precise) so those readers with a short attention span, along with those who believe that all history is bunk might be well advised to read no further. As might those of a nervous disposition – as todays blog is about media buying and selling.</p>
<p><span id="more-285"></span>Whatever one might think of WPP, it has to be admitted that more than any other holding organisation Martin Sorrell’s business has rewritten the rules over and over again. The whole notion of an over-arching media holding business, GroupM has had a huge effect on the industry; the idea of cross-discipline client teams drawn from across the entire WPP portfolio; the understanding that there are benefits from research and media businesses working closely together; these are all significant steps that have helped (re)define the industry.</p>
<p>Do they all work as well as they might? Of course not. Are they beyond criticism? No. Has the WPP structure allowed creative agencies to flourish as much as they might under, say, Omnicom? Probably not. But there is no question that WPP has had a major impact on the advertising, media and research businesses; and has played a significant part in elevating how those outside our industry (and in particular financiers and politicians) see us.</p>
<p>A few weeks ago it was announced that Xaxis, GroupM’s digital media and technology business was merging with 24/7 Media, in effect an ad network also owned by WPP. At first glance although this might rank some way down the big news of the week (‘one WPP company combines with another, shock horror’) in fact this is rather more important for what it says about GroupM’s ambitions and future.</p>
<p>For what we have here is a buyer, Xaxis, combining with a seller, 24/7. Now, I know (and can hear the howls of the digital natives from here) that it isn’t quite as cut and dried as that – there are many who will claim with some justification that Xaxis had become an ad network in all but name anyway – but fundamentally this is GroupM following a model many at the top of that organisation have long decried.</p>
<p>In the 1980’s and early 1990’s the original Carat, in France operated a broking system. Starting with off-peak commercial radio and moving smartly into print and eventually TV Carat bought inventory in advance at what they described as a wholesale price, and then resold space and time to their clients at a retail price. The price paid by Carat for this inventory was a closely guarded secret known to few outside of the founder Gilbert Gross’ immediate circle.</p>
<p>The arguments used: it’s more efficient for the seller to sell a block of inventory to one buyer instead of hiring a sales team to flog around every buyer in town; and: why should the client know what price we paid as long as he’s happy with the price we charge him (as Gilbert Gross said to me one day: ‘do you know or care about the wholesale price of the silk that went to make that rather nice tie you’re wearing’ (it was the 1990’s remember) have a certain resonance today.</p>
<p>Carat was distorting the market. They were too powerful; if as a media owner you didn’t play by their rules you didn’t play at all, it was as simple as that. I well remember one venerable US magazine simply vanishing from all analyses of the major readership survey (analyses run on programmes very largely controlled by Carat’s research operations) because they refused to deal in the Carat approved way.</p>
<p>Eventually a French law, originally designed to stamp out corruption in the construction industry was amended at the behest of a number of powerful advertising agency figures (oh, the irony) to include a simple principle: all ad space booked by an agency had to be supported by an order from the client. This law, Loi Sapin, changed agencies in France from being the principal in law when it came to media bookings (as they certainly were and I suspect still are in virtually all markets) to being agents.</p>
<p>Carat retrenched as they rather had to (around 90% of the profits vanished almost overnight), closed the something like 12 separate offices they operated competing operating companies from in Paris; opened one new office housing the various operating units on different, secure floors and reinvented themselves as a planning and research led media agency.</p>
<p>When some years later Carat entered the US market their broking history was widely discussed. Industry figures, at least one of whom is now senior within GroupM poured scorn on how such dubious practices simply wouldn’t be tolerated in the USA (never mind that Carat had long reinvented itself by then).</p>
<p>And so to today. GroupM is now buying and selling to itself. It is refusing clients the right to audit, and Xaxis’ EMEA CEO, Caspar Schlickum is quoted in ‘Campaign’ as saying that as long as clients achieve a ‘strong ROI the actual cost price doesn’t matter’. He didn’t comment on what the material in his tie cost, probably because in the picture I saw he wasn’t wearing one.</p>
<p>That ROI comment is extraordinary. In effect he’s saying: ‘If I invest your money for you in the stock market, and I make you a decent return, as defined by me, then it doesn’t matter what price I pay for your stock.’ There is one major weakness in that argument – actually I would rather like to know what you pay as it may well be that I could improve my ROI (as defined by me) by using a different broker.</p>
<p>Way back when, the Carat model influenced planning. If, after all you have a garage full of space in ‘Elle’ waiting to be sold to the client you’re unlikely to let anyone within your organisation place an ad in ‘Cosmopolitan’. Never mind that ‘Cosmopolitan’ is the better place, contextually and editorially for the ad, it’s going in ‘Elle’. Furthermore some numbers will be found to support ‘Elle’ over ‘Cosmopolitan’. The client won’t question the agency and life will continue merrily along.</p>
<p>It’s too easy to say that digital is different; that the sheer size and choice out there means that some model like the Xaxis one is essential. It’s also easy to fall under the spell of digital jargon, big data arguments, algorithms and the rest. But this is a simple point of principle.</p>
<p>No buying entity should be in a position to buy from itself. Even the huge Japanese conglomerates, who for ever and a day have done just that have hesitated before extending such a practice out of their native market – where the whole ecosystem is so completely unique as to make any comparison with what happens there irrelevant.</p>
<p>Xaxis now openly prioritises media owners within the 24/7 network – the world’s 25<sup>th</sup> largest according to Comscore. Schlickum says this is ‘rewarding trusted partners’. ‘Trusted partners’? What about his clients – those poor saps whose money is being used to reward these ‘trusted partners’, however inappropriate the space they offer may be to their needs?</p>
<p>Or is it that Xaxis believes that an impression is an impression is an impression? In which case why have all those annoyingly objective planners cluttering up the place? Why bother with any people at all, come to think of it.</p>
<p>It’s interesting that WPP, an organisation which has always stressed the ‘client first’ mentality as exampled by such moves as their cross-discipline teams has it would seem sanctioned this move by their media operation.</p>
<p>It will also be interesting to see how GroupM’s competitors react. Of course they could copy them, buy up publisher networks and compete in opaqueness. But I very much doubt it – agencies hate copying other agencies. Instead I imagine they will follow the opposite path. ‘Come to us’, they may well say ‘and have access to the whole marketplace. Go to GroupM and be limited to the world’s 25<sup>th</sup> largest publisher network’. True or not you have to admit is has a certain competitive ring to it.</p>
<p>It seems that a large number of big advertisers, including Unilever and Kimberly-Clark according to ‘Campaign’ and rather more according to industry gossip have quietly turned down the Xaxis offer in favour of a Mindshare-housed buying operation (I bet that sparked an interesting conversation within the GroupM management).</p>
<p>Xaxis could have been an advanced data centre, sitting between GroupM’s agencies and the WPP Kantar operations, charging very properly for their expertise and adding real value transparently to their advertisers.</p>
<p>What a shame they’ve morphed into the very thing most loathed by sophisticated advertisers, and so easily mocked by the competition: an opaque organisation that believes in ‘Campaign’s’ words in ‘increasingly making money out of complicating its relationships with both media owners and its clients’.</p>
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		<title>Barclays and the Effect of Sponsorship</title>
		<link>https://www.bjanda.com/blog/barclays-and-the-effect-of-sponsorship/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 30 Jan 2014 08:24:14 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=280</guid>

					<description><![CDATA[This piece appeared on the UK site Mediatel earlier this week It has been reported in the UK press that Barclays are ‘likely’ to cancel their sponsorship of football’s Premier League – an association that goes back 13 years, at a cost of something like £40million a season. A final decision has yet to be [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><i>This piece appeared on the UK site Mediatel earlier this week</i></p>
<p>It has been reported in the UK press that Barclays are ‘likely’ to cancel their sponsorship of football’s Premier League – an association that goes back 13 years, at a cost of something like £40million a season. A final decision has yet to be taken, we read, but ‘Board members’ believe that the sponsorship has delivered ‘zero value’. ‘The Sunday Telegraph’ reported: <b>‘One (senior figure) said that Barclays did not need promotion in the UK as the bank has high street branches around the country and its name is well known. “We just need to shut up for five years and get on with our job,” the source said’.</b></p>
<p><span id="more-280"></span>I have no inside knowledge of this sponsorship (and I’m not a football fan) but it does seem unlikely that it has delivered literally ‘zero value’. Every report during the season, in every medium references the Barclays Premier League so it would indeed be very strange if after all these years the average punter didn’t associate top level football with Barclays. Whether that is a positive association or not is another matter but surely there must have been an effect of some sort.</p>
<p>And, if there hasn’t been – how come it’s taken Barclays 13 years to work that out?</p>
<p>It would be easy to imagine the analytics behind these anonymous ‘Board members’ statements. Have they consulted with the best marketing scientists? Have the bank’s numerous media, advertising, PR, sponsorship and research agencies conducted the sort of rigorous and thorough analyses that one would hope they would have, given the level of investment involved? Maybe they have; and maybe there is someone at Barclays beavering away under mounds of spreadsheets to arrive at the ‘zero value’ conclusion.</p>
<p>But I would be prepared to bet that that isn’t the case – or, if it is that these ‘Board members’ haven’t given any such analyses a second glance even if they’re aware of them, which they almost certainly aren’t. After all, <b>‘Barclays don’t need promotion as (their) name is well known’</b>.</p>
<p>As with Barclays’ sponsorship of the so-called Boris bikes scheme in central London (also cancelled), the Premier League association is being portrayed as a vanity project that can be laid at the door of previous managements. A sort-of reverse ‘Chairman’s wife’ syndrome would seem to be at work – ‘we must cancel that as the last lot liked it’. After all, it’s easy to justify saving money – especially if it’s on what no doubt the Barclays Board would label an unaccountable activity like marketing.</p>
<p>This all makes our industry look more than a little foolish. Aren’t we supposed to be really good at searching out relevant and appropriately valuable properties for our clients to associate themselves with? Aren’t we all about setting business objectives and KPI’s for the expenditure committed to these projects? Don’t we, as part of our role report back at the end of each contract cycle (indeed almost certainly more frequently) on what’s been achieved, and whether or not whatever it is should be renewed/repeated? Aren’t we all about business partnerships and adding value (beyond ‘making the brand well known’)? Or are we really in the post-rationalisation business (‘quick; the CEO’s committed us to sponsoring the Premier League; find some data that make this look like the best idea under the sun!’)</p>
<p>Furthermore, aren’t the client’s marketing teams responsible for keeping the Board informed as to how the organisation’s money is being spent? Shouldn’t everyone, up and down the organisation understand and appreciate the benefit from this expenditure and these associations?</p>
<p>It would seem the answers to these questions are no, no and no.</p>
<p>Or, could it perhaps be that the Barclays’ Board couldn’t give a fig for the true value delivered by marketing activities and is more concerned with stopping anything that could be seen as ‘unjustifiable’ (whatever that means) or too closely associated with a free-spending past.</p>
<p>Perish the thought!</p>
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		<title>Shiny Bright Objects</title>
		<link>https://www.bjanda.com/blog/shiny-bright-objects/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 27 Jan 2014 08:36:15 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=277</guid>

					<description><![CDATA[I didn’t go to the Consumer Electronics Show, or CES. In fact I’ve never been. It’s not that I don’t like looking at new shiny things as much as the next man, it’s just that I have never found these huge events particularly useful. But it’s fun to read about the shiny things – almost [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I didn’t go to the Consumer Electronics Show, or CES. In fact I’ve never been. It’s not that I don’t like looking at new shiny things as much as the next man, it’s just that I have never found these huge events particularly useful. But it’s fun to read about the shiny things – almost as much fun as reading the assembled advertising throng’s tweets, posts and blogs justifying the trip by stressing just how crucial this stuff is for them professionally. When we all know that really they just want to stare and point at the new shiny things like the rest of us.</p>
<p><span id="more-277"></span>But, having pretensions as I do to being a media professional I read a lot about these events. And one particular image caught my eye.</p>
<p>It was a photograph of the assembled hacks covering one of the big showcased set pieces. It might well have been Michael Bay’s brilliantly incompetent performance as a spokesman for Samsung; or the bit about the app that tells your computer how well you’ve brushed your teeth. Or the toaster that talks to the car. Something like that.</p>
<p>The interesting thing about the photograph was that all those in shot were using laptops. Not a tablet to be seen. They weren’t even all using Macs; there was a sprinkling of HP’s and Dell’s there too. What is the matter with these people, don’t they know that laptops are dead; that tablets rule the world; and that even those poor deluded fools who still want a laptop have to use a Mac? How do we know this? Because geeky journalists tell us, that’s how.</p>
<p>So what is going on? An outbreak of practicality, that’s what. My older daughter is a journalist, in her 20’s. Over the holidays we got to talking about Macs and iPads. She wanted, and indeed got a Mac simply because she finds it far easier to type and work on a keyboard. This does not mean she hates iPads – she would no doubt like one of those too – it’s just that in her view the best tool for her professionally is a laptop.</p>
<p>Today’s media is full of people expressing the opinion in print, or on screen (they’re published so they must be worthy of being read, surely) that we live in a black and white world. If you like tablets you will never go back to a laptop. If you can’t get along with Google Glass within a couple of weeks the whole wearables business is bound to fail (in fact one of the more laughable comments I saw on Glass was that they are bound to fail because Chinese counterfeiters are not busy ripping them off). The sector’s finished even before it started.</p>
<p>The fact is we don’t live in a black and white world. Social media succeeding does not mean that TV is dead (despite Eric Schmidt). Online newspapers racking up readerships in the gazillions doesn’t mean that there is no place for printed versions. DAB radio via a radio seems to be quite happy co-existing with online radio. Cinema (that was dead years ago, when VCR’s came in, as you might remember) thrives, as do film subscription services.</p>
<p>We all use what devices or channels we find useful, for different tasks. Some of us are early adopters, and early discarders; some of us wait, watch, try, adopt.</p>
<p>It’s become a cliché to say that consumers’ attention spans are shortening, but it seems that our professional attention spans are shortening too. The fact that the CES happens every year doesn’t mean that some transformational technology will appear every year. This year it seems was all about bigger, curvier TV’s (TV’s? How quaintly old-fashioned) and apps that turned household appliances into smart machines (smart fridges? A bit passé surely?). As Decipher’s Nigel Walley pointed out in a piece on Mediatel (<a href="http://mediatel.co.uk/newsline/2014/01/22/ces-2014-more-science-fiction-than-strategy/">http://mediatel.co.uk/newsline/2014/01/22/ces-2014-more-science-fiction-than-strategy/</a>)<b> ‘Yes, you showed us the demo last year. Can you hurry up and launch the bloody things’. </b></p>
<p>Years ago I learnt a valuable lesson from someone senior at Philips. <b>‘We turned the company around’ </b>he told me<b> ‘when we worked out that inventing stuff in the hope that someone might want it was far less efficient than finding out what people want and then inventing it.’</b> And making it shiny and bright, obviously.</p>
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		<title>Why Apple Bounces and Banks Splat: The Challenge of Reputation</title>
		<link>https://www.bjanda.com/blog/why-apple-bounces-and-banks-splat-the-challenge-of-reputation/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 21 Jan 2014 10:01:36 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=266</guid>

					<description><![CDATA[Last week’s Cog Blog was about what people think about organisations, and why that matters. Today’s continues and expands upon that theme. A positive reputation creates a carapace around an organisation that sees it through the tough times. It gives a business ‘bouncebackability’. A good example is Apple, whose reputation was for many years the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last week’s Cog Blog was about what people think about organisations, and why that matters. Today’s continues and expands upon that theme.</p>
<p>A positive reputation creates a carapace around an organisation that sees it through the tough times. It gives a business ‘bouncebackability’. A good example is Apple, whose reputation was for many years the personal responsibility of the guy at the top, Steve Jobs. Jobs recognised that if he could create a sense of something close to unconditional love amongst his loyal customers those same loyal customers would forgive him almost anything. When problems hit the loyalists would shrug and assume that Apple/Jobs would sort it out. As indeed they/he invariably did.</p>
<p>Compare and contrast Apple with Blackberry. <span id="more-266"></span>Also benefiting from a fierce band of loyalists, almost despite themselves, when Blackberry’s network failed the opprobrium heaped upon them by these loyalists was close to terminal. There was no sense within the online forums that Blackberry ‘would sort it out’. Blackberry doesn’t have ‘bouncebackability’.</p>
<p>Nor indeed do banks. In fact they have the exact opposite. ‘Splatability’ perhaps. They’re seen to mess up – even when they don’t. Furthermore they keep making the same mistakes. They understand the need to advertise – all the time, even when they screw up (was it really wise for NatWest to run their ‘Helpful banking’ ads in newspapers the day after their systems failed in early December last year blocking thousands of customers from access to their money?). But advertising alone doesn’t build a reputation. Certainly it can help, if it’s long-term and consistent but you have to follow through in everything you do. Everything and everyone communicates; everything and everyone counts.</p>
<p>What banks (and train companies, many airlines, mobile phone operating companies, and utility businesses) seem to miss is that reputation is multi-dimensional. When (to continue the bank example) the banks’ investment arms behave as they have done, whilst still paying huge bonuses, the general public doesn’t make the distinction between high-street branches and the City. After all, why should they when they’re both part of the same organisation?</p>
<p>Every time you have to wait for ages on a phone to talk to a human; every time an airline or train company fails to communicate why there’s a delay; every time a poorly aimed mailer drops through the door, or appears on a social media site; every time you hear of how badly a friend (or a friend of a friend) has been treated by his employer; all of those experiences add to a company’s or brand’s reputation.</p>
<p>As with brands, any organisation’s reputation is made up of the views of multiple groups. As Jeremy Bullmore put it: <b>“People build brands as birds build nests, from scraps and straws we chance upon.” </b></p>
<p>And so it is with reputation. It is created and continuously adjusted by the overlapping views of those who come into contact with the business, be that as users of the product or service, as members of staff, as suppliers, as regulators, as journalists, as analysts, as friends and families of any of the above.</p>
<p>That’s why it’s complicated. What I think of my Samsung phone is in part shaped by what others think, say and write. What others think or say is in part influenced by what I say or write. When I read that the new Samsung curved TV was monstered by critics at the recent CES that has an effect on how I feel about the Company, and by extension about my phone.</p>
<p>The way that reputation is measured doesn’t help organisations understand, or guide them in their future strategies. The metrics are too simplistic, too one-dimensional. One feedback I received to the last post (from an employee of a large market research firm) said in effect reputation is a function of sales. It isn’t (Apple is by no means market leader in laptops or phones; the major high-street banks still have the majority of market share in the UK) – but the fact that a large research company seems to think it is speaks volumes.</p>
<p>Reputation is both complicated and important. It’s also largely ignored by most CEO’s, who pass it off (as they tend to do with most activities tied to marketing) as puffery and smoke and mirrors. One way to change this is to root any Board level conversation about reputation not in the language of the research world, but in the language of the Board. That means a more joined-up, multi-faceted, financially-focussed, business-like approach.</p>
<p>It’s a challenge that the market research world can answer by focussing more on client needs and less on internal hierarchies.</p>
<p>&nbsp;</p>
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		<item>
		<title>Why Care What People Think?</title>
		<link>https://www.bjanda.com/blog/why-care-what-people-think/</link>
					<comments>https://www.bjanda.com/blog/why-care-what-people-think/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 14 Jan 2014 11:47:18 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=263</guid>

					<description><![CDATA[A company’s reputation is one of its most important strategic assets. What people think of you has a great deal to do with how they feel about you, which in turn has a great deal to do with whether or not they’ll do business with you. Reputation is a critical drivers of sales and business [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A company’s reputation is one of its most important strategic assets. What people think of you has a great deal to do with how they feel about you, which in turn has a great deal to do with whether or not they’ll do business with you. Reputation is a critical drivers of sales and business success (there’s a widely accepted correlation between reputation and share price) and as such it should be of strategic concern to any business’s top management starting with the Chairman and his Board.</p>
<p><span id="more-263"></span>In the past a Chairman could learn pretty well all he ever needed to know about how his company was perceived by those with influence over his share price by talking to a few like-minded chaps at the club. Nowadays, in a world where one guy with a laptop in his bedroom can cause reputational havoc, and impact the company’s financial performance both directly and quickly, life is a tad more complicated.</p>
<p>‘Reputation’ is a much misunderstood word. It certainly isn’t synonymous with ‘like’ or even ‘admire’. Both liking and admiring may form a part of most reputations, but reputation itself is more multi-dimensional, and is influenced by more people than those dimensions suggest.</p>
<p>All of which makes it very peculiar that more attention isn’t paid to an organisation’s reputation by those ultimately charged with its health – the Chairman and his Board of Directors.</p>
<p>Take a shining example of a business that understands what reputation can do – Apple. Certainly Apple makes great products – but so do others. Certainly they have loyal followers – so do others. Certainly they are consistent in every channel, from ads to stores, from packaging to the clothing, behaviour and knowledge of front-line staff. So do…oh hang on, maybe not!</p>
<p>And the architect of Apple’s reputation; and its guardian protector for so many years? The guy at the top, the late Steve Jobs.</p>
<p>Those without Steve Jobs’ intuition need metrics. Of course there are many research companies offering to measure your organisation’s reputation. Most use a tried and tested approach, which in far too many cases hasn’t really been reviewed or fundamentally changed for many years. Yet the manner in which an organisation’s reputation can be impacted by channels like Twitter, or discussion forums has changed fundamentally.</p>
<p>Most organisations would claim to measure reputation. I’m sure most ask customers what they think from time to time. Maybe they ask their staff what they think of the operation they work for. Maybe they question journalists, analysts, and other stakeholder groups who affect reputation. Maybe they subscribe to a social media monitoring service.</p>
<p>But who joins the dots? Consumer research stays with the MR department; analysts’ opinions with corporate communications; staff research with HR; social media monitoring with the PR department.</p>
<p>And top management and the Board? Market research has a poor reputation at the top of so many organisations that I suspect the Board might at best see a dashboard containing metrics that have remained the same for years, presented infrequently and duly ignored. How many times do you see reputation metrics featuring in Company reports – despite the link to share price and financial performance?</p>
<p>The truth is that most companies don’t really measure reputation, as reputation is multi-dimensional and research isn’t organised like that.</p>
<p>We (correctly) hear a lot about the value of integrated communications, and communications planning. The same principles apply to measurement and evaluation, yet few apply them.</p>
<p>As the US consultant Leslie Kossoff put it: <b><i>“There are three primary currencies that organisations work with all the time, yet only two are actively measured – particularly on a real-time, strategic and operational basis. The currencies are: time, money and reputation.”</i></b></p>
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		<item>
		<title>2014&#8230;.and Breathe</title>
		<link>https://www.bjanda.com/blog/2014-and-breathe/</link>
					<comments>https://www.bjanda.com/blog/2014-and-breathe/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 07 Jan 2014 09:27:19 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=253</guid>

					<description><![CDATA[It’s the time of year for predictions. Every self-respecting blog, magazine and newspaper does them. Most are wrong and can easily be proved to be so – assuming that is you can be bothered to keep hold of them for 12 months. Many are self-serving (‘online ads will increasingly be measured by their viewability’ predicts [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It’s the time of year for predictions. Every self-respecting blog, magazine and newspaper does them. Most are wrong and can easily be proved to be so – assuming that is you can be bothered to keep hold of them for 12 months. Many are self-serving (‘online ads will increasingly be measured by their viewability’ predicts a company selling a viewability metric). Maybe there should be a league table with promotions (to ‘AdAge’) and relegations (to ‘Metro’), a time of reckoning every year which ranks forecasters by the accuracy of their predictions.</p>
<p><span id="more-253"></span>It does seem a bit ‘me-too’ to produce a list (and a list can be checked far too easily a year hence) so here are some thoughts on what the year ahead might bring. Feel free, you old traditionalist you to put these into a list format if that makes you happy.</p>
<p>I predict that this will be a year of not much happening. We’ll all get a bit better at using what we’ve got or at making what we make. So, no doubt Google Glasses will become easier to use, and will do more things better for those people who don’t mind walking around in effect carrying a sign saying ‘look at me; I’m the future’. Smart watches will become a useful gadget for those who find removing a smart-phone from a pocket too onerous a task. IPads and Galaxies will spawn cheaper versions.</p>
<p>Publicis and Omnicom will merge, and this time next year we’ll still be waiting to learn what benefits the merged business will bring to clients. There’ll be organisational fun and games as the music stops and everyone scrambles for the few chairs. For what it’s worth I’m backing the Omnicom guys to come out on top in the who-has-the-biggest-media-office stakes.</p>
<p>WPP and IPG won’t merge – it’s hard to see what exactly WPP would stand to gain. Analysts, who often have problems thinking beyond big is good, bigger is better, will continue to predict WPIP.</p>
<p>Independent agencies will flourish as the big super-groups lose some of their lustre, and focus more on internal politics and rumoured mergers than on clients.</p>
<p>Planning will (should?) emerge as the key skill defining success for media agencies. There’s never been a greater need for planning that starts with the consumer as opposed to focussing on channels, formats or buys. Many claim to do what used to be called consumer-centric planning; some genuinely do it, few are paid for it. Of course what planning needs is a cool, digital name that ticks all the jargon boxes and confuses everyone. ‘Story-telling supported by programmatic tools’ has a certain ring to it, and uses the ‘S-T’ phrase, which I’m pretty sure is a legal requirement in 2014.</p>
<p>Trading desks will stop being called trading desks and will become data analytic centres. More should team up with their sibling marketing science specialists (Vivaki with Ninah; Xaxis with OHAL) but internal wars will stop that happening. DAC’s (hurrah, a new acronym) will become more independent, both operationally and financially from the activities of their media agency parents.</p>
<p>The world will continue to turn, most real people will still turn to live TV on that large box in the corner for their entertainment, cod researchers will continue to tell us that TV is dead (I did enjoy watching the digital evangelists leap up and down when one researcher suggested last week that Facebook was ‘dead and buried’), and Mary Meeker will continue to peddle the falsehood that ad spend on a medium should be related to time spent with that medium.</p>
<p>2014. A year of getting better and smarter rather than getting newer and shinier. And…..breathe.</p>
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		<title>The Last Post &#8211; 14 Random Thoughts for 2014</title>
		<link>https://www.bjanda.com/blog/the-last-post-14-random-thoughts-for-2014/</link>
					<comments>https://www.bjanda.com/blog/the-last-post-14-random-thoughts-for-2014/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 17 Dec 2013 10:14:03 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=244</guid>

					<description><![CDATA[The first Cog Blog appeared on 2nd July 2013; which means our 6-month birthday is January 2nd 2014.  As I won’t be posting then I thought I would share some of those things that have caught my eye this year as a novice blogger. You’re welcome; consider this a (rather cheap) early Christmas present. Sponsored [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The first Cog Blog appeared on 2nd July 2013; which means our 6-month birthday is January 2<sup>nd</sup> 2014.  As I won’t be posting then I thought I would share some of those things that have caught my eye this year as a novice blogger. You’re welcome; consider this a (rather cheap) early Christmas present.</p>
<ol>
<li><span id="more-244"></span>Sponsored tweets generally mysteriously appear 3<sup>rd</sup> on my inbox. Maybe it’s like choosing wine: not top (too expensive?); not second (too cheap?) but third. They can’t fool me; I report the lot as spam and block them. I also block the Twitter Ad account and report it as spam. I wondered if by doing so I would rip the time space continuum but so far so good.</li>
<li>Sponsoring the ‘report and block’ facility on Twitter would be a good way of reaching the discerning consumer. Twitter is missing a trick here I feel.</li>
<li>Facebook’s ad algorithms seem to get no better. I’m still offered a selection of things, none of which I could possibly need or want (although the thoroughbred gelding was tempting).</li>
<li>LinkedIn endorsements are if anything even more annoying (if being complimented can ever be annoying) than Facebook ads. And equally useless.</li>
<li>The fact that so many UK retailers now run John Lewis-style long-form, emotionally-driven TV Christmas ads makes them all less impactful. Meantime John Lewis itself appears to have turned into Disney.</li>
<li>The Google Chairman Eric Schmidt’s pronouncement of the death of commercial TV, on May 1<sup>st</sup> 2013 was a perfect manifestation of the inward-looking, self-obsessed nature of so much of the online media world. Plus he was wrong. Obviously.</li>
<li>Also wrong were those people who kept on relating the time consumers spend with a medium with the amount of ad dollars spent on it. If this relationship were true, outdoor would be the largest advertising medium on the planet. I’m just amazed that analysts and commentators don’t pay more attention to those who know what they’re talking about.</li>
<li>The AdContrarian (www.adcontrarian.blogspot.co.uk) is a brilliant blog. I want to be Bob Hoffman when I grow up.</li>
<li>The topic that has generated the most heat (and the largest audience on the Cog Blog page) is the future of market research (www.bjanda.com/blog/market-research-whos-asking). Fearlessly, I plough on despite the threats to my cohorts.</li>
<li>If you want to maximise the audience to your blog, include a celebrity in the title. Or the words ‘Royal Baby’; or (strange though it may seem) ensure the words ‘Market Research’ and ‘Future’ appear somewhere.</li>
<li>According to Google Analytics Kenneth Williams no longer counts as a celebrity. Although Jack Myers, who reposts the Cog Blog in the USA says this was his favourite of my posts (www.bjanda.com/blog/kenneth-williams-might-have-been-right).</li>
<li>The coveted Cog Blog award for the best of the media agency tweeters goes to Paul Frampton (@paul_framp) of Havas. Most of the others just shamelessly promote their agencies which is just not very interesting for the rest of us. Or (we suspect) for those working in the agencies doing the self-promoting.</li>
<li>Using social media forms to praise your staff is naff beyond words. Why not write them a personal note. Or send chocolates. Or money. Any of these will work better, I promise you.</li>
<li>If a media form is lagging, try renaming it. ‘Contextual messaging’…not interesting. ‘Native advertising’, now you’re talking.</li>
</ol>
<p>I hope you’ve enjoyed at least some of the last six months’ posts. Thanks to all those who have taken the trouble to comment, email, like, retweet or republish. It’s great to receive feedback – even the negative stuff!</p>
<p>The Cog Blog will be back mid-January. Meantime here’s wishing you and yours a Happy Christmas and a most successful New Year.</p>
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		<item>
		<title>Lessons from History</title>
		<link>https://www.bjanda.com/blog/lessons-from-history/</link>
					<comments>https://www.bjanda.com/blog/lessons-from-history/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 11 Dec 2013 10:28:54 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=240</guid>

					<description><![CDATA[This post is reproduced from an article commissioned by the UK magazine ‘Media Week’ It’s a good time of the year to be an agency veteran (my official title these days) – especially if you like wallowing in nostalgia at advertising agency reunions. For younger readers, ad agencies used to have media departments before a [&#8230;]]]></description>
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<p class="MsoNormal"><i style="mso-bidi-font-style: normal;">This post is reproduced from an article commissioned by the UK magazine ‘Media Week’</i></p>
<p>It’s a good time of the year to be an agency veteran (my official title these days) – especially if you like wallowing in nostalgia at advertising agency reunions.</p>
<p>For younger readers, ad agencies used to have media departments before a few visionaries decided that they were tired of being patronised by account people, and felt they were worth more than the ten-minutes-before-lunch slot in client meetings. These forward thinkers took a risk and established the first media independents, later known as media agencies. Today’s media professionals owe them a huge debt.</p>
<p><span id="more-240"></span>Back then, as media people we had a clear idea of where we fitted within the overall advertising process. Our job was to put ads in front of the right people, in the right context, at the right time and at the right price. To do this properly we had to have some idea of what the advertising looked like; there were many instances of media people working closely with creative teams, bringing together the idea and its eventual appearance. Teamwork, it was generally agreed was a good thing; it was valuable for all sides to be involved in, and to feel some ownership of the advertising.</p>
<p>Although ad agency media people were good at many things, we were it must be said not so good at communicating the real value that we brought to our clients. Far too often we fell back on the discounts we had managed to achieve. Beyond the simple matter of money off, we had our own language, full of jargon, pseudo-science and complicated-sounding mathematics. Clients didn’t really understand what we were talking about; we were not exactly user friendly. Hence an over-reliance on the one measure everyone understood – the price paid.</p>
<p>But that was all a long time ago. Media agencies these days are unrecognisable from the early media independents. They have all kinds of skills and offer all sorts of services, mirroring the complexity and measurability of many of the communication channels at their disposal. And yet one thing hasn’t changed much. As Omnicom&#8217;s Colin Gottlieb pointed out at the Media360 conference a few months ago the primary metric used by clients is still money off.</p>
<p>One reason for this lack of progress is a failure on our part to have learned sufficiently from the mistakes of the past. If you want to sell something complicated to someone not interested in the inner workings, simplify it so that it fits into the language and the world of those buying it.</p>
<p>I appreciate that today’s digital media world is far removed from those days in full-service agencies but the fundamentals are not so different: media is still about making sure the most appropriate group of people is exposed to the most relevant message in the most effective context, and monitoring and evaluating the results so that each campaign learns from past efforts.</p>
<p>Clients don’t have the time or the inclination to deal with complex structures consisting of silo-ed groups of specialists, or with impenetrable jargon.</p>
<p>The managers of the old full-service advertising agencies made a mistake in failing to recognise the likely consequences of not engaging with their media departments, leading eventually to the establishment of today’s media agency sector. It would be ironic if the successors of those early media independents make a similar mistake when it comes to communicating the value that they bring to their clients.</p>
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		<title>The Elusive Advertiser</title>
		<link>https://www.bjanda.com/blog/the-elusive-advertiser/</link>
					<comments>https://www.bjanda.com/blog/the-elusive-advertiser/#respond</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 04 Dec 2013 10:41:09 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=235</guid>

					<description><![CDATA[A couple of weeks ago I took part in an event organised by the US-based ad technology business Pubmatic. My role was to moderate a session on what the hosts called ‘The Progressive Advertiser’. The notion was simple – to debate what we could learn from forward-thinking advertisers when it came to data management and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A couple of weeks ago I took part in an event organised by the US-based ad technology business Pubmatic. My role was to moderate a session on what the hosts called ‘The Progressive Advertiser’. The notion was simple – to debate what we could learn from forward-thinking advertisers when it came to data management and analytics, and to online buying of space. Were they for example starting to bypass the agency groups?</p>
<p><span id="more-235"></span>At the start of our session I played one of the oldest tricks in the book. ‘Can all advertisers here, progressive or otherwise, raise their hands?’ Pubmatic had done a fine job bringing together what must have been around 200 digital specialists (and me). But there wasn’t a single advertiser present.</p>
<p>A few days later Mediatel hosted an event around automated trading. I wasn’t at that one but I understand that that too attracted somewhere around zero advertisers.</p>
<p>So what we have here are two examples of events around a topic of interest and concern to advertisers (judging from recent comments from advertiser trade bodies) at which none of the interested and concerned showed up.</p>
<p>Now I know full well that there are many, many events and conferences, and that it’s impossible to attend all of them. I also know that some of these events are expensive, and take place in exotic parts of the world. If I was an advertiser I too would think twice about sending someone away to an event for several days at a cost running into the thousands of pounds.</p>
<p>But the Pubmatic event was free. The Mediatel event was as good as free. Both were in London. Both lasted half-a-day. Maybe these are not typical examples; maybe there are other media events, of which I’m unaware and which are overwhelmed by advertiser delegates. But I doubt it.</p>
<p>I would have thought that events like these offer advertisers a good opportunity to learn about the issues; to debate them with those in a position to influence events at their organisations; and maybe even to start to change behaviour. It was a shame they stayed away; yet it was ever thus, at least in the UK (I accept that advertisers in the USA, for all sorts of reasons may well behave a little differently).</p>
<p>There have always been a few individuals working for advertisers who come along to media events. Maybe they’re ex-agency people; maybe they’re seeing old friends; maybe they’re coming along for free; maybe they’re flattered at being asked to be on a platform. Or, just maybe they see attending these events, learning from thought leaders, sharing ideas as an important part of their role. These events help them to be up-to-date and informed with the latest developments in an industry in which their companies invest very large amounts of money.</p>
<p>But the sense I get is that these are individuals in a senior enough position to follow their professional interests. As and when they move on from their organisations, the organisation stops attending.</p>
<p>Oddly (or maybe not at all oddly), there doesn’t seem to be any problem attracting advertiser delegates to Cannes for the annual ad festival on the basis (correct) that it’s important to keep up to date with the latest in creative thinking.</p>
<p>The media business has always been rather fond of talking to itself in a language few understand. I know I’m always more inclined to hire the electrician I understand over the one who confuses me with jargon. We all need to improve the way we communicate with our clients. Involvement and engagement is a good thing – or so I hear at media conference</p>
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		<title>Rules of Engagement</title>
		<link>https://www.bjanda.com/blog/rules-of-engagement/</link>
					<comments>https://www.bjanda.com/blog/rules-of-engagement/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 28 Nov 2013 12:53:57 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=231</guid>

					<description><![CDATA[Disclaimer – the Company mentioned in this post, Qustodian is one in which I am a founder shareholder. It is generally acknowledged that ‘engagement’ is a good thing. It is better, at every level if your message (whatever form that takes) is not only ‘seen’ (whatever that means) by a large number of people, but [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><i>Disclaimer – the Company mentioned in this post, Qustodian is one in which I am a founder shareholder.</i></p>
<p>It is generally acknowledged that ‘engagement’ is a good thing. It is better, at every level if your message (whatever form that takes) is not only ‘seen’ (whatever that means) by a large number of people, but that a good number of those people choose to do something that approximates to actually reading it, hearing it or viewing it and furthermore that they indicate that they have done so in some way or other.</p>
<p>The problem with the notion of engagement is that there are almost as many definitions as there are conferences on the subject.</p>
<p><span id="more-231"></span>These days the idea that you can ask people what they’ve engaged with (the old ‘reading and noting’ notion in press research in the olden days) is accepted as being flawed as those exposed find it hard to describe any degree of involvement. People aren’t that interested in most commercial messages (I know, shocking isn’t it) unless the message in question is relevant both in terms of its subject matter and the time and place in which it appears.</p>
<p>The effectiveness of messages is in part determined by the channel on which they appear, as well as dimensions of time and place. In an ideal world, ads would be designed to fit neatly within the context within which they appear but matters like production budgets, creative appreciation of how different channels are used and a disconnect between creative and media all get in the way of this happening.</p>
<p>All of which bring us to a mobile marketing channel called Qustodian, currently advertising in Metro using a campaign conceived, created and executed by Mediacom. The notion behind Qustodian is simple: the Company aims to put normal people in control of the advertising they receive on their mobile phone. This is achieved by collecting individual profile data from members (a good, inclusive term) as they sign up to the service, thus ensuring that messages are relevant to each user. Time of receipt of Qustodian messages is also determined by the member.</p>
<p>Profile data is actively provided by the user via a short questionnaire on their interests. This information is valuable, which is why the Qustodian model shares revenues received from advertising with those members receiving the messages. As the mobile phone is such a personal medium, it seems logical to treat the phone’s owner as a media owner, which is what this model acknowledges.</p>
<p>In effect, Qustodian is paying its members for engaging with ads, acknowledging that attention and data are both valuable commodities. If members are not interested they don’t engage – so it’s in everyone’s interest to match the right ad with the right individual.</p>
<p>Having attracted over 250,000 members in Spain, Qustodian is now looking to grow in the UK. Hence the Mediacom campaign.</p>
<p>What’s interesting in the Qustodian model is that the business sees itself as an intermediary between large advertisers, and engaged customers. In effect they have created a user-controlled engagement marketing service, which is a world away from the ‘claim-as-many-gross-impressions-as-you-can’ school of buying and selling media. In a world where attention is a rare commodity, involving the end-consumer as an integral part of the entire process is both refreshing and effective.</p>
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		<title>It’s Hard to be a Trusted Advisor Without the Trust</title>
		<link>https://www.bjanda.com/blog/its-hard-to-be-a-trusted-advisor-without-the-trust/</link>
					<comments>https://www.bjanda.com/blog/its-hard-to-be-a-trusted-advisor-without-the-trust/#respond</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 20 Nov 2013 08:16:57 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=223</guid>

					<description><![CDATA[I am indebted to my ex-colleague Maarten Albarda (once of Coca-Cola and AB-Inbev) for posting the summary of a recent WFA survey of its members. The WFA, or World Federation of Advertisers is the global equivalent of ISBA in the UK, or the ANA in the USA. In other words it represents very large global [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I am indebted to my ex-colleague Maarten Albarda (once of Coca-Cola and AB-Inbev) for posting the summary of a recent WFA survey of its members. The WFA, or World Federation of Advertisers is the global equivalent of ISBA in the UK, or the ANA in the USA. In other words it represents very large global advertisers whose views and opinions are (one would have hoped) of some relevance to the media agency community, given that where sophisticated advertisers go today the rest of the market will go tomorrow.</p>
<p>The WFA study makes grim reading. 87% of their members are unhappy with the levels of transparency offered by agency trading desks; 54% said they had been asked to sign separate agreements with their agencies limiting (amongst other things) the right to audit performance; 57% were aware that the practice of arbitrage exists, with 82% of that group believing the practice negatively affects the agency’s ability to act impartially.</p>
<p><span id="more-223"></span>The WFA’s own summary of the study concludes:</p>
<p><i>“The central concern is that Agency Trading Desks offer a new way to charge more for the same product, that the price that is paid for an impression can bear no relation to the price the media owner charged for it.”</i></p>
<p><i>“Advertisers also fear that the ability of Agency Trading Desks to provide a new profit centre makes them vulnerable to making choices that are determined by the agency&#8217;s business interests rather than their client&#8217;s marketing goals.”</i></p>
<p>There are some interesting elements here. First – why shouldn’t an agency ask clients to sign separate agreements regarding the services provided by the trading desks? No-one is forced to sign such an agreement presumably.</p>
<p>Secondly, why shouldn’t an agency look to make additional profits? After all advertisers are forever looking to maximise their profits; their shareholders would have something to say if that were not the case.</p>
<p>But, and it’s a very big but, the worrying thing about these findings is that clients are convinced they’re being fleeced. They <span style="text-decoration: underline;">may</span> be OK about new agreements; they <span style="text-decoration: underline;">may</span> even be OK about paying more for additional services; but they are certainly not OK about anything perceived to be clandestine, or under-the-table, or somehow dodgy.</p>
<p>The Cog Blog has commented before that trading desks threaten the very future of media agencies. And yet at the same time at least some of them potentially offer a valuable service around their data analytics capabilities. The problem is first the name – whoever thought of calling a new service something so redolent of those nice, upright and morally respectable people in the City needs a severe talking to – and second the positioning.</p>
<p>That flapping sound you hear is chickens coming home to roost. For many years media agencies have focussed their efforts on the buying end of what they do. They’ve cut their prices to win business, in the certain knowledge that they’ll find a way to make up any shortfall. They’ve failed to convince clients to pay for what we can shorthand as planning services.</p>
<p>Now that they have created a service potentially of value, particularly to data-rich clients they’re being judged on their past record on transparency. It’s no good them whingeing about how it’s so unfair that they’re not properly paid for their efforts. They need to reposition themselves to their clients by stressing the benefits they bring through their planning abilities before it’s too late.</p>
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<p class="MsoNormal">They need to walk the walk as well as talk the talk in order to become what they always say they want to be – the advertiser’s trusted advisor. But first they need the trust bit.</p>
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		<title>The True Cost of Pitches</title>
		<link>https://www.bjanda.com/blog/the-true-cost-of-pitches/</link>
					<comments>https://www.bjanda.com/blog/the-true-cost-of-pitches/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Wed, 13 Nov 2013 15:34:29 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=220</guid>

					<description><![CDATA[There are far too many pitches in this business. I appreciate that they’re the fuel that drives much of our trade press; I understand that they are the reason we have so many fine new business directors (not to mention pitch consultants); I get it that they’re a great example of agencies at their best [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>There are far too many pitches in this business. I appreciate that they’re the fuel that drives much of our trade press; I understand that they are the reason we have so many fine new business directors (not to mention pitch consultants); I get it that they’re a great example of agencies at their best – with disparate specialists coming together in a common cause, namely to beat the other guy.</p>
<p><span id="more-220"></span>Pitches are disruptive, often distracting, and take up a great deal of time. Of course sometimes there’s no choice but to change, but too often the decision to change is a knee-jerk reaction to a particular problem; a problem that could probably be solved by a candid conversation between client and agency.</p>
<p>Many years ago I worked on the Kellogg business at Leo Burnett. Kellogg’s at the time had two ad agencies, us and JWT. There was an agreement that outside the USA (an important condition that, of great benefit to Leo Burnett at the time) the two agencies had 50% of the billing each. Kellogg brand managers at the time lived by a bible, a ‘here’s how we do things at Kellogg’ book. The first sentence in this book read (I paraphrase) “It is not your job to change the advertising agency. Rather it is your job to get the most from the agency.” Having problems with the team? Not satisfied with the work? Then by all means insist the agency changes the team. But you don’t get to change the agency.</p>
<p>I’m sure other clients had similar rules. In my personal experience<i> </i>Procter and Gamble has always been a wonderfully loyal client, so has McDonald’s. I understand the same is true of Volkswagen, Guinness and Sainsbury’s. It can come as little surprise that all benefit from highly effective, consistent advertising.</p>
<p>Over time, brand and marketing managers come and go but in a long-term solid relationship the agency continues along. The agency becomes the true guardian of the brand and its heritage as well as being the keeper of what-has-worked. When agencies attain this status their relationship with their clients becomes a partnership based on a mutual respect (where it should have been all along of course) as opposed to that of a master and supplier.</p>
<p>The problem lies in being able to maintain that sort of long-term relationship within a world of ever-changing personnel. Marketing Director leaves; new Marketing Director arrives and as sure as night follows day, a pitch follows the leaving and welcoming parties. It’s easy to say that agencies should build relationships at Board level, and with executives beyond the Marketing Director, but it’s harder to do – especially within those organisations who don’t consider marketing to be a key business driver.</p>
<p>It’s these non-marketing-driven organisations that relegate advertising to a commoditised service, best procured at as low a price as can be achieved. Now, I have nothing against procurement per se, but if there is to be a beauty parade then surely the order of things should be: marketing director or above selects, then procurement procures the service selected at the lowest reasonable price.</p>
<p>It would be most enlightening to learn the true cost of a pitch to a client. Forget intermediary costs, the true cost needs to take account of any business disruption, quite apart from the cost of executives’ time. Maybe if these costs were ever calculated and shared with the client’s Board of Directors there would be fewer pitches, and more long-term relationships.</p>
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		<item>
		<title>Kenneth Williams Might Have Been Right</title>
		<link>https://www.bjanda.com/blog/kenneth-williams-might-have-been-right/</link>
					<comments>https://www.bjanda.com/blog/kenneth-williams-might-have-been-right/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 05 Nov 2013 12:10:42 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=216</guid>

					<description><![CDATA[The late great English comedian Kenneth Williams (1926 – 1988) once gave an interview in which he said: “Everyone&#8217;s becoming better and better at less and less. Eventually someone&#8217;s going to be superb, at nothing”. Sadly perhaps, LinkedIn wasn’t around then, because if ever there was proof that Ken was wrong it is to be [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The late great English comedian Kenneth Williams (1926 – 1988) once gave an interview in which he said: <i>“Everyone&#8217;s becoming better and better at less and less. Eventually someone&#8217;s going to be superb, at nothing”</i>. Sadly perhaps, LinkedIn wasn’t around then, because if ever there was proof that Ken was wrong it is to be found in LinkedIn’s endorsement facility.</p>
<p><span id="more-216"></span>As Jeffrey Merrihue, now heading Mofilm but previously at Accenture and Kellogg’s (amongst others) put it recently in a post: <i>“I’ve just been endorsed for a skill I don’t have by someone I don’t know”</i>. I know exactly how he feels. I myself have been endorsed by any number of people for possessing 50 (or maybe even more) skills. It’s very kind of them, but really chaps I am not that multi-skilled.</p>
<p>Of course we all know where LinkedIn is coming from – I’m sure they make a reasonable penny from recruitment agencies and consultants – and if this community finds the endorsement notion valuable then….well, maybe I would look elsewhere for my recruitment needs.</p>
<p>There is a more serious point about all of this ‘being an expert’ thing. Look around the advertising eco-system. It’s so complicated, so crowded with so many specialists all overlapping with each other and all no doubt specialising in less and less. No wonder the average marketing director is confused, and looks back longingly no doubt to a sepia age in which full-service agencies did everything for a fixed level of commission.</p>
<p>I would be the last person to argue for a return to those days – in fact I’ve argued that today’s media professionals should pay a tithe to the likes of Chris Ingram, Ray Kelly, Paul Green, Allan Rich and the rest of those pioneers who took a risk by setting up the first media independents thus creating the media agency sector as it is today.</p>
<p>But perhaps things have gone a bit far.</p>
<p>If everyone, me included is an expert in advertising, or copywriting doesn’t that devalue the real skill required to create great ads? If everyone (me included again) is an expert in market research then why bother with anything except Survey Monkey?</p>
<p>There has never been a greater need for big, stand-out ideas; and to be fair if you look for them you’ll find them out there, struggling to be heard above all the crap and mediocrity. But the crap and the mediocrity increasingly seem to dominate. If this continues it diminishes the role that advertising, and indeed marketing plays in building business success. Now would be a good time to make more noise about the real expertise that exists in this industry, and the benefits brought to  their clients by these real, as opposed to LinkedIn experts.</p>
<p>Once the mythical Chairman’s wife stops saying ‘why can’t we have ads like that’ we’re on the way to proving Kenneth Williams right, and becoming superb at nothing at all.</p>
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			</item>
		<item>
		<title>Newspapers, Conferences and Advertorials</title>
		<link>https://www.bjanda.com/blog/newspapers-conferences-and-advertorials/</link>
					<comments>https://www.bjanda.com/blog/newspapers-conferences-and-advertorials/#comments</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 31 Oct 2013 11:40:11 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=212</guid>

					<description><![CDATA[This blog comes to you from the WAN-IFRA Digital Media Latinoamerica conference in Bogota. For those that don’t know it, WAN-IFRA is the World Association of Newspapers and News Publishers. It’s genuinely been fascinating to hear from senior managers, journalists and editors how they see the future of their medium. It makes a refreshing change [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>This blog comes to you from the WAN-IFRA Digital Media Latinoamerica conference in Bogota. For those that don’t know it, WAN-IFRA is the World Association of Newspapers and News Publishers. It’s genuinely been fascinating to hear from senior managers, journalists and editors how they see the future of their medium. It makes a refreshing change to hear a perspective different from ad buyers and sellers, to get back to hearing from those who create the medium.</p>
<p><span id="more-212"></span>I tend to steer clear of most advertising and media conferences these days. My blogging hero, the Adcontrarian commented last week that: <i>“Attending an advertising conference these days is like going to an insurance seminar. It is full of bland, head-nodding jargon-monkeys who are very keen on swallowing whole the conventional blather of smug ‘experts.’ Nobody seems inclined to challenge the wearisome assertions of modern-day wizards, no matter how many times they&#8217;ve been wrong.”</i></p>
<p>Furthermore there’s a worrying trend for many of these events (certainly in the ad tech world) towards becoming the equivalent of the sponsored advertorial; the people on the platform have bought their slot by agreeing to sponsor the event. This seems to me dishonest as far as the paying customer is concerned. He or she presumably has paid to attend because he/she thinks the organisers have hand-selected the best and most qualified speakers on the topic in question – not that those speaking have paid to speak, even if they are highly qualified.</p>
<p>There are some notable exceptions. Our business, Enreach is a sponsor of the WAN-IFRA event. Certainly we would have loved to blather on about what we do, but it was made clear to us right from the start that wasn’t a benefit of sponsorship. WAN-IFRA selects the speakers to make the conference as good as it can be for their constituents. Then they find sponsors who wish to associate themselves with a quality event attracting senior delegates. They rarely if ever invite supplier organisations to speak preferring to share experiences from within their own editorial world.</p>
<p>The asi TV and Radio Symposium, taking place next week in Venice is another shining exception. The organisers ask previous delegates for input into the programme; then they approach the most qualified speakers. The sponsorship conversation is quite a different thing. Surely this is the right way round. I’ll be at that one too; as an active participant, as a delegate keen to learn from those genuinely reshaping the broadcast audience research world, as a blogger, but not as a sponsor.</p>
<p>Meanwhile in Bogota the stand-out speech for me on day one came from Ken Doctor, a media analyst and author (and ex-journalist), who discussed the findings from a major tour he’s recently undertaken meeting with the heads of leading European publishers. He was clear, concise, pragmatic, and very well-informed. One of his conclusions was that even those we might consider to be at the leading edge of digital developments, such as Axel Springer and The Guardian consider themselves far from any answer to the dilemmas facing the industry. On a scale of 1 – 10, Springer marked themselves at 4; The Guardian at 3. Moving in the right direction, informed by experiences and experiments but still a way to go was the message.</p>
<p>The other comment I would make is how little has been said here about advertising. It’s not that the delgates in Bogota don’t consider what we do important (of course they do, as was made clear) but they see their key role as building (rebuilding) a strong newspaper industry through an evolution of their product by those creating it. As we’ve said here before there is still a line between church and state. And long may that be so.</p>
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		<title>Out and About</title>
		<link>https://www.bjanda.com/blog/out-and-about/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 28 Oct 2013 19:26:59 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=209</guid>

					<description><![CDATA[In case you’re wondering where we’ve got to….the next two Cog Blogs are planned to come from two important conferences: this week’s Latin American WAN-IFRA event on Digital Newspapers, in Bogota, Colombia. And next week’s 2013 European Television Symposium, organised by asi and taking place in Venice, Italy. I say ‘planned’ as we are rather [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In case you’re wondering where we’ve got to….the next two Cog Blogs are planned to come from two important conferences: this week’s Latin American WAN-IFRA event on Digital Newspapers, in Bogota, Colombia. And next week’s 2013 European Television Symposium, organised by asi and taking place in Venice, Italy.</p>
<p>I say ‘planned’ as we are rather at the mercy of the two hotels’ online connectivity. If the technology lets us down then we’ll post once back here.</p>
<p>So – hopefully see you here, from there.</p>
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		<title>Communicating the Communicators</title>
		<link>https://www.bjanda.com/blog/communicating-the-communicators/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 25 Oct 2013 08:34:39 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=205</guid>

					<description><![CDATA[One of the hoary old clichés about advertising agencies is how poor they are at defining and communicating their own values to prospective clients and to the business community at large. This certainly used to be true – anyone aside from those working there like to articulate the difference between McCann and JWT? – although [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>One of the hoary old clichés about advertising agencies is how poor they are at defining and communicating their own values to prospective clients and to the business community at large. This certainly used to be true – anyone aside from those working there like to articulate the difference between McCann and JWT? – although I am not convinced that it ever really mattered all that much as a route to new business.</p>
<p><span id="more-205"></span>After all ad agencies are judged by the work they produce for their clients. And because it’s undoubtedly true that advertisers get the work they deserve, most agencies produce a mix of great work and complete turkeys. But the point is that their work is out there to be judged. Anyone looking for it can form an opinion; love this, hate that. From ‘simply inspired’ to ‘what on earth were they thinking?’</p>
<p>It’s different with media agencies. The hoary old cliché applied to them is that if you take the agency’s logo off the charts it’s pretty well impossible to differentiate one from another. This too certainly used to be the case although I would contend that it is not quite as true these days as it once was (at least not in the UK). In any event, media plans aren’t out there in public view to be judged in the same way as creative work. Indeed, even their sibling creative partners don’t always credit the media agencies’ contribution, as the rather unseemly row at Cannes this year between WPP and Omnicom as to who could claim to have won the most baubles illustrated.</p>
<p>It’s easy to forget that media agencies simply didn’t exist 40-odd years ago. In some parts of the world, like the USA if they existed at all even 20 years ago they were very different beings to today’s multi-skilled organisations. The sector is young and is still evolving. Whether the key players ever fulfil their potential and reach the promised land of the trusted strategic advisor is a matter for conjecture, but at least there are signs of some differentiation out there.</p>
<p>It’s unusual for the Cog Blog to name names but in the UK MEC has created something of a niche for itself as a ‘creative-thinking media agency’. The impression given is that they’re more genuinely involved in creating truly integrated solutions than many of their peers, an impression fuelled by their Momentum research initiative. MediaCom is fast building a reputation as being a good place to build a career – maybe they’re getting close to being labelled the ‘University of Media’ in the same way that JWT used to be seen as the ‘University of Advertising’. Universal McCann promotes itself as a ‘curious’ agency – an idea (easily post-dating my time there before anyone suggests that such a smart thought could have had anything to do with me) that implies that the agency is always asking ‘why?’ and is thus always looking for unusual and new solutions to problems. Again, UM’s positioning is aided by their long-running series of Wave social media studies.</p>
<p>Others take from their long-term leaders’ attributes. One reason a particular agency (I’m done with naming names now) is seen as ‘a bunch of arrogant so-and-so’s’ can be traced back to some of the attitudes expressed publicly by its management. Another, still referenced as ‘hard nuts less interested in the thinking than in the deal’ may be more historic than up-to-date.</p>
<p>Media agencies have a difficult task to differentiate themselves one from the other – it would be fascinating to learn if MEC, MediaCom and UM are perceived in the same way outside of the UK as they are here. Unlike their creative colleagues what they do is not on public display, and yet in these days of automated trading and faceless machines having some kind of recognisable identity is clearly a very good thing.</p>
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		<title>Publishers Advance</title>
		<link>https://www.bjanda.com/blog/publishers-advance/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 22 Oct 2013 12:52:11 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=202</guid>

					<description><![CDATA[Interest alert: I am a Founding Director of Enreach, an online audience measurement business selling services to many premium publishers. www.enreach.me. The newspaper publishing industry is, it is well known going through a process of reinvention. The issues are simple to state, rather harder to solve. As consumers discover they can get their written news [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><i>Interest alert: I am a Founding Director of Enreach, an online audience measurement business selling services to many premium publishers. <a href="http://www.enreach.me">www.enreach.me</a>.</i></p>
<p>The newspaper publishing industry is, it is well known going through a process of reinvention. The issues are simple to state, rather harder to solve. As consumers discover they can get their written news for free they stop buying papers. Fewer sales equals smaller cover-price revenues; and ultimately less ad revenue too. Newspapers’ digital versions, online, on mobile, on tablet build readership but revenue always lags – subscriptions (where they exist) build slowly and digital ad space is simply not worth as much relatively, the industry has decreed, as printed ad space.</p>
<p><span id="more-202"></span>At the same time the cost of creating the very content required to attract people remains high. Quality journalism doesn’t come cheap, whatever the format it finishes up in. Result: a revenue gap.</p>
<p>Newspaper (and for that matter magazine) publishers do though hold one very valuable card when it comes to transitioning to a digital format. And that card is data. In theory publishers know a great deal about their readers, what editorial appeals to them, how they move through the content, how they react to ads, how different creative executions attract different groups at different levels of interest, and how all this interest translates to action. All of this data can lead to valuable insights.</p>
<p>There are two major problems. First, the words ‘in theory’ and ‘can’ in the preceding paragraph. And second, the buying side of the equation needs to be persuaded of the value of insights.</p>
<p>For many years the media owner side of the business has been in thrall to the agencies. An over-supply of inventory has meant that publisher sales teams have had to play on the agencies&#8217; turf, with the rules set by the buyers. One reason for this has been that all knowledge rests with the agency and the client – any publisher would find it hard to build a compelling sales case without an understanding of what the client is trying to do. Joint industry audience surveys (of which I’m a huge fan) have stilted individual initiatives – initiatives that often founder on the Mandy Rice-Davies principle of ‘well, you would say that wouldn’t you’.</p>
<p>Now the tables are turning. Knowledge, in the form of data rests with the publishers – who can by using what they have wisely rise above the commoditisation of digital space by selling well-defined audiences to advertisers and their agencies – and can add value by measuring and reporting on the results.</p>
<p>Publisher sales teams are learning to sell their medium in new and creative ways. They’re also starting to understand and to quantify how each particular vehicle can deliver defined benefits to their advertisers. They’re doing this in many interesting and varied ways as their role starts to be redefined.</p>
<p>What about the agencies? The smarter amongst them are starting to understand the true value of collaboration with the media owners. The old confrontational way of buying and selling is coming to an end as both sides start to work together for the benefit of their mutual clients. And, not before time.</p>
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		<title>Market Research &#8211; Who&#8217;s Asking?</title>
		<link>https://www.bjanda.com/blog/market-research-whos-asking/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 18 Oct 2013 12:24:49 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=198</guid>

					<description><![CDATA[The market research business seems to be in the middle of one of its periodic periods of self-flagellation. They’re right to be self-critical; their relevance, indeed their future existence, at least in their current guise does look more than a bit dodgy. It’s always surprising when a group of professionals engaged in any form of [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The market research business seems to be in the middle of one of its periodic periods of self-flagellation. They’re right to be self-critical; their relevance, indeed their future existence, at least in their current guise does look more than a bit dodgy.</p>
<p><span id="more-198"></span>It’s always surprising when a group of professionals engaged in any form of activity fail to apply the same principles to their own business as they sell to the paying customers. Practice what you preach isn’t a bad maxim. I wonder when the market research industry last asked top managers at their customers what they require to help them make better business decisions.</p>
<p>Earlier this month Jan Hofmeyr gave a paper at a market research event in London in which he questioned the whole future of market research. Hofmeyr is a South African whose LinkedIn profile has him working for TNS as well as for a business called IntellectionSoftware. Clearly he has something to sell; this isn’t the place to discuss the specific pros and cons of his ideas. But what is interesting is the reaction from the MR industry.</p>
<p>Ray Pointer, a respected market research blogger and commentator was in the room to witness Hofmeyr’s presentation. He reports: <i>“Most people in the room showed no reaction to Jan saying they may not have a job within a year or two. Did they not believe him, not understand him, or not really listen?”</i></p>
<p>Ray summarises: <i>“The existing model of market research, in particular the large trackers, is broken. It is too slow, too expensive, and not sufficiently useful. Not many people would argue with this point of view.”</i><i> </i></p>
<p>It’s the last sentence that struck me. I happen to agree that a very large part of the existing market research model is broken. Yet many people spend a great deal of money doing their best to prove the opposite. Is MR truly broken?</p>
<p>As happens in so many service sectors, market research seems to think it exists to satisfy itself as opposed to trying to serve the needs of its customers. It may be unpalatable to the many who toil away in the large MR organisations but what they do long ago stopped being of interest or indeed of relevance to their clients’ top managements. Increasingly the output of the large agencies very largely exists to satisfy client research specialists – themselves a fast disappearing breed. The whole thing has become too cosy, too self-serving, too obsessed with techniques, too backward looking.</p>
<p>Properly applied market research is a strategic tool that can deliver great value to company boards. It can indeed bring the voice of the consumer into the board-room. But over the years the industry has atrophied. Managers have hired technicians in their own image; large agencies have sold the same old stuff, maybe occasionally in new clothes but basically the same old stuff. Most senior managers in client companies have long stopped believing that the MR agencies are really interested in their business. What they get (or rather they don’t because they don’t have time) is another huge Powerpoint deck. What they don’t get is genuine insight of actionable interest to their business.</p>
<p>Now, I know that there are some talented people in market research. I know that there are some young companies with great ideas. But as with any industry it’s the huge market leaders who define the sector. If the existing model is truly broken then one or two of these will fail spectacularly. Only then might the others take notice.</p>
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		<title>Traders 0; Ideas 1</title>
		<link>https://www.bjanda.com/blog/traders-0-ideas-1/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 14 Oct 2013 15:51:25 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=192</guid>

					<description><![CDATA[The time has come to ask what is becoming something of an ‘elephant-in-the-room’ question. What business are the media agencies (and more specifically their sibling trading desk partners) in? Are they in the advertising business; or are they in the online trading business? The two are looking increasingly incompatible. A couple of recent pieces in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The time has come to ask what is becoming something of an ‘elephant-in-the-room’ question. What business are the media agencies (and more specifically their sibling trading desk partners) in? Are they in the advertising business; or are they in the online trading business? The two are looking increasingly incompatible.</p>
<p><span id="more-192"></span>A couple of recent pieces in the American trade titles AdWeek and AdAge have brought the issue into focus. The AdWeek piece, dated September 26<sup>th</sup> reported on a panel discussion that took place as part of New York’s Advertising Week and which featured the heads of the largest trading desks. The AdAge piece, dated October 13<sup>th</sup> was headlined <i>“Agencies Defend Turf As Ad Tech Moves In On Clients”</i>.</p>
<p>The trading desk heads came across as at best confused (or maybe the reporter was confused, who knows?). Many of them seem to have a fundamental problem deciding whether they’re buyers or sellers (3 out of 5 said they did basically the same thing as ad networks). Furthermore they’re not sure if they even have a future – some think they’ll be spun off, others that they’ll be absorbed within media agencies.</p>
<p>Meantime, no doubt thoroughly enjoying the confusion, <i>“many venture-backed ad-tech companies that originated as agency vendors are increasingly going directly to marketers and offering them cheaper ways to implement their technology”, </i>according to the AdAge report. This raises the issue of exactly what trading desks are for.</p>
<p>Furthermore, AdAge name-checks Procter and Gamble, Kellogg’s, Unilever and Kimberly-Clark as being amongst those who have decided not to use their media agencies’ trading desks.</p>
<p>This is an unholy mess, and it’s going to get a lot worse before it gets better.</p>
<p>I’ve blogged before here on the future of media agencies. For what it’s worth, my view is that agencies have to remember that their core role is to place ads in front of the right people, at the right time, in the right context and at the right price. And then to contribute to the measuring of effect so that they can do more of the right thing and less of the wrong thing next time.</p>
<p>Media agencies have expertise in media planning; they do excellent work understanding how different communication channels work on their own and in combination. Many have proved themselves adept at creative thinking, at idea generation. Much original and valuable research starts with the best media agencies.</p>
<p>Trading desks do none of those things. How many of them even know what the creative is that they’re placing? Most would laugh at any suggestion that they should be aware of such niceties – what counts they would counter is the algorithm and the bidding system.</p>
<p>Well, algorithms don’t have ideas. Bidding systems don’t lead naturally to solutions that surprise and delight consumers, leading them to change behaviour or to go out and pay for something. Furthermore, if I was Procter, Unilever or any other major advertiser generating large quantities of valuable data the last thing I would want to do is to hand the lot over to my media agency; the same media agency I may decide to fire at some future date and with whom I would then no doubt spend months arguing as to who owns which bits of data.</p>
<p>I have the highest regard for Sir Martin Sorrell, but when he proclaimed that we are in the era of the Math Men as opposed to the Mad Men (I  wonder who writes his scripts? Not a mathematician that’s for sure) he seemed to suggest that today maths beats creativity. Without getting into the semantics of how maths can be creative too the point surely is that without brilliant ideas the ad business simply won’t survive.</p>
<p>When asked by AdAge why advertisers needed media agencies when they could easily go direct to the technology vendors, Vivaki’s President, Kurt Unkel said: <i>&#8220;If you want to just add more and more partners to the table as a client, at some point someone starts saying, &#8220;There&#8217;s a lot of complexity here; who&#8217;s in charge?”</i>. It would be a shame not to point out the irony in this statement coming as it does from the head of an organisation whose very existence has added a huge slab of complexity to the partner media agencies.</p>
<p>Media agencies need to restate their role, the critical one of working with creatives to ensure that people see, engage and act. Trading desks and all the rest of the data hoopla are there to support this role. They exist to make the advertising more effective, and they shouldn’t forget it.</p>
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		<title>Kissing Frogs</title>
		<link>https://www.bjanda.com/blog/kissing-frogs/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 10 Oct 2013 13:22:04 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=188</guid>

					<description><![CDATA[Today we’re going to consider what would appear, at least within our industry to be something of an outmoded topic. Today’s Cog Blog is all about courtesy. Now, this could easily turn into an extended moan (fully illustrated with examples) about how people don’t return calls; aren’t prepared to take a second to reply to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Today we’re going to consider what would appear, at least within our industry to be something of an outmoded topic. Today’s Cog Blog is all about courtesy.</p>
<p><span id="more-188"></span>Now, this could easily turn into an extended moan (fully illustrated with examples) about how people don’t return calls; aren’t prepared to take a second to reply to a mail; how meetings are cancelled at ridiculously short notice; how the young people of today…..After all, I call this the Cog (Cynical Old Git) Blog for a reason.</p>
<p>But there are a couple of serious points behind this. We’re in a service business after all, and it’s easy for the bad manners extended to people like me who, let’s face it aren’t really that essential to all those self-important agency and media owner executives’ everyday lives, it’s easy for these bad habits to creep over into dealings with their clients. Bad habits are often hard to break.</p>
<p>Perhaps more to the point, it’s also the case that good ideas can (and frequently do) come from the most unlikely places. In my agency days I’m told I enjoyed a reputation as someone who would always try to find the time to see anyone. The reason for this was not only that I enjoyed people’s company, or that I thought there might be a lunch, dinner, Test Match or golf game invitation in the offing (all true enough) but that I was also on the lookout for new ideas that might benefit my clients in some way. And which, let’s be honest would reflect well on me and my agency too.</p>
<p>That’s why we ran a competition for media owners to propose new and innovative ways for our client Perrier to use their particular vehicles; it’s why we invited a leading independent production company in to preview their upcoming show and to answer questions from our clients; it’s how Kellogg’s came to be involved in the first ever UK advertiser supported TV series, subsequently bought by and aired on ITV; and it’s how a series of short films made for adidas came to be featured every week on the BBC’s then flagship Saturday afternoon sports show ‘Grandstand’ (until an over-boastful creative agency account guy wrote about the coup in a national newspaper, whereupon our slot disappeared rather rapidly).</p>
<p>All of these (and more) initiatives came from outside organisations, often from small, independent companies with great ideas and no easy access to the money needed to make them happen. Certainly many of these companies went on to great things (in one case, Anne Wood’s Ragdoll Productions went on to invent The Teletubbies, and you can’t get much better than that), but that came later.</p>
<p>I’m well aware that there are examples of similar things happening today, but I fear that they are comparatively few and far between. The carapace of busy-ness under which many agencies (and clients) hide from the world outside discourages entrepreneurial approaches. A dog chasing its own tail is busy; those un-answered calls, or emails might just be from someone with a brilliant idea.</p>
<p>Discourtesy is in itself unpleasant and inexcusable, but when it leads to opportunities being lost, well that’s a whole other thing. When, as an ‘agency veteran’ I’m asked for my advice (from my bath chair, with a chocolate Oliver and a mug of sweet tea to hand) I tend to whisper: ‘You’ve got to kiss a lot of frogs. And don’t forget to do it with a smile and a polite word for the frog too.’</p>
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		<title>Mail and Farewell</title>
		<link>https://www.bjanda.com/blog/mail-and-farewell/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 07 Oct 2013 08:17:43 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=184</guid>

					<description><![CDATA[Over the last week or so a row has broken out between Associated Newspapers and its two titles The Daily Mail and The Mail on Sunday, and Ed Miliband the leader of the Labour Party. For those of you outside the UK the start of the argument was The Daily Mail writing a piece in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Over the last week or so a row has broken out between Associated Newspapers and its two titles The Daily Mail and The Mail on Sunday, and Ed Miliband the leader of the Labour Party. For those of you outside the UK the start of the argument was The Daily Mail writing a piece in which they claimed that Miliband’s father Ralph ‘hated Britain.’ Ralph Miliband (who died in 1994) was a well-known and respected sociologist and academic who held Marxist views. He fled to Britain in 1940 from his native Belgium when the Nazis invaded, and subsequently fought for the country in the Royal Navy during the Second World War.</p>
<p><span id="more-184"></span>Midway through this row Lord Sugar went on Channel 4 to suggest that advertisers should boycott The Mail to ‘teach the paper a lesson’ (I paraphrase) .</p>
<p>I should make clear where I stand. I loathe The Daily Mail. I hate what it stands for; I hate its attitude towards the gay community, towards Muslims, towards working mothers, I hate its ability to instil a sense of fear and mistrust amongst its readers. I won’t take a free copy if I’m offered one on a plane, even if I’ve nothing else to read. I rather approve of The Guardian reader who wrote to her paper on Friday to say she secretly hides copies of The Mail beneath piles of The Guardian in her local newsagent – as she knows that will be the last place anyone will look for them.</p>
<p>So I’m not a fan.</p>
<p>However, whatever I may think of the paper I think it is wrong for any advertiser to boycott any media form because of an editorial opinion it expresses. It’s acceptable to pull ads as a result of a newspaper’s illegal behaviour (as happened when several large advertisers pulled their money from The News of the World), it’s fair enough to exclude a title from your plans because it’s overall stance is dissonant with the values of your brand or organisation, but it’s unacceptable to do so just because you disagree with what the paper has to say on a particular topic.</p>
<p>The UK is fortunate to enjoy the benefits of a free press. It’s wrong for anyone to try to stifle any opinion and to impose some form of pressure – be that monetary or political – on those who write and edit our newspapers.</p>
<p>Many years ago my agency’s largest client became very upset with a mainstream TV channel that had screened a documentary in which this advertiser was portrayed in a poor light. We had naturally avoided advertising in that show, or anywhere near it. The day after the programme aired I took a call from the CMO telling me that the CEO wished to pull all planned expenditure on that channel. I argued strongly against this – and I’m proud to say I won the argument.</p>
<p>The line between advertising and editorial is frequently blurred these days, but there is still a line. Advertisers should stay on their side of that line. Once they cross it they’re weakening the very reason why audiences consume these media forms, which ultimately is as bad for advertisers as for the rest of us. Once the line is crossed it we’re on the way towards saying farewell to a free press.</p>
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		<title>The Future in Short (This piece originally appeared last month in the UK title &#8216;Media Week&#8217;)</title>
		<link>https://www.bjanda.com/blog/the-future-in-short-this-piece-originally-appeared-last-month-in-the-uk-title-media-week/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 03 Oct 2013 09:16:58 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=177</guid>

					<description><![CDATA[Recent Cog Blogs have explored the future for media agencies. A UK trade title, &#8216;Media Week&#8217; asked me to precis these several blogs into one. So what follows has appeared before albeit in not quite this form and on a UK-specific site. Media agencies are split organisations. On the one hand they initiate original research [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><em>Recent Cog Blogs have explored the future for media agencies. A UK trade title, &#8216;Media Week&#8217; asked me to precis these several blogs into one. So what follows has appeared before albeit in not quite this form and on a UK-specific site.</em></p>
<p>Media agencies are split organisations. On the one hand they initiate original research into how consumers use and are influenced by the many communication channels out there. They develop tools and techniques to allow them to create plans that meet their clients’ business needs. They help measure effect. They use lessons learned to inform future planning. This is the public stuff; the stuff of conference papers and awards.</p>
<p><span id="more-177"></span>Rather more privately they’re pretty good at finding ways of making money for the agency out of their clients’ budgets, an activity that leads to them being accused of a lack of transparency, even dishonesty. Surveys into client attitudes towards their agencies regularly come to the conclusion that they are not trusted.</p>
<p>The agencies’ problem is circular. They need volume to be able to afford the talent and develop the tools necessary to understand and drive their clients’ use of communication channels. But their clients see volume as a direct route to lower media prices. Meantime, clients put fees under pressure (by reducing them, by imposing later payment terms and so on). Agencies find themselves looking for income from third parties to supplement the lower fees from the client, in order to be able to afford the tools and talent that help them win the business in the first place.</p>
<p>The media agency’s future depends upon them breaking this cycle. Unless they can sell added value, upstream services to their clients, they may as well invest in some large servers, fire their planners, automate their trading functions and move to an industrial estate somewhere.</p>
<p>Ever since the early 1970’s media agencies have had two primary functions. At its simplest planning is all about deciding who to reach, when, and in what context; whilst buying is about negotiating with those providing the right people, at the right time and within the right context in order to achieve the best prices.</p>
<p>Everything else is about serving one or other of these two functions. Data analytics, along with proprietary research and audience data provides a valuable input into planning; automated buying streamlines what used to be a work-intensive process.</p>
<p>What has gone wrong is that the client’s focus has stubbornly remained on the buying.  This has done the agencies no favours at all (even if it was them that started it). If buying is all that matters; if price is the key discriminator then of course clients will hand a large degree of influence to their procurement teams. Of course they’ll use media auditors. Of course they’ll call a pitch whenever the sniff of a cheaper deal is in the air. It’s rare for an agency to refuse a pitch because of the terms (although well done Starcom for resigning Premier Foods the other week). The argument runs: ‘As long as there’s volume, we can make the revenue up elsewhere’.</p>
<p>Agencies need to change the game they’re seen to be in. Many do excellent planning work. They initiate visionary research programmes. When given the space to do so they contribute to business successes. But still by far the majority of clients still refer to these organisations as ‘media buyers’.</p>
<p>Agencies complain that clients won’t pay for planning and added value services. That’s why they have to look ‘elsewhere’ for revenue; that’s why they have to operate in a less-than-transparent manner. It’s the clients’ fault. They may have a point but as it’s the agencies’ future we’re talking about it’s up to them to shape it.</p>
<p>If media agencies are to have a future outside of that industrial estate they need to talk up planning, and play down buying. They need to brief their holding company bosses to do the same. They need to reinvent themselves.</p>
<p>A start would be to break the financial relationship between client and buyer. Agencies should sell and clients should buy planning expertise. Planners then sub-contract execution to a separate buying division. The delivery of the plan becomes paramount. Right now too often the buyer buys what suits the buyer. The buyer should buy the plan not just spend the budget.</p>
<p>None of this is easy, nor will it happen overnight. But to do nothing except to continue to add specialists, make money unofficially and not to be trusted by their customers is no future. As Ralph Waldo Emerson probably never said: “Build a better mousetrap and the world will beat a path to your door”. As long as you show them where the door is, and why the mousetrap is better, that is.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Short Break</title>
		<link>https://www.bjanda.com/blog/short-break/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 17 Sep 2013 07:28:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=173</guid>

					<description><![CDATA[The Cog Blog is on holiday until early October. See you back here then!]]></description>
										<content:encoded><![CDATA[<p>The Cog Blog is on holiday until early October. See you back here then!</p>
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		<title>One Throat to Choke</title>
		<link>https://www.bjanda.com/blog/one-throat-to-choke/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 17 Sep 2013 07:18:12 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=170</guid>

					<description><![CDATA[A rather strange post appeared on LinkedIn the other day (I bet that’s not the first time that sentence has been written). What it said may not be all that unusual but the medium on which it was posted certainly was. It’s probably best if I don’t reveal the name and company of the person [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A rather strange post appeared on LinkedIn the other day (I bet that’s not the first time that sentence has been written). What it said may not be all that unusual but the medium on which it was posted certainly was. It’s probably best if I don’t reveal the name and company of the person doing the posting (although the person concerned had no such qualms), but here is what it said, in its entirety.</p>
<p><b><i>“How many of you work for a company that uses a large, consolidated agency network like WPP? And within that large network, how do you figure out which of the 150 agencies is right for you?”</i></b></p>
<p><span id="more-170"></span>Then, in amongst the no-doubt-attempting-to-be-helpful comments, the original poster came back with this comment:</p>
<p><b><i>“Thanks, I have many of the same concerns, but the contract is signed, sealed, and delivered; so I&#8217;m trying to make the most of the situation at hand. We have a WPP &#8220;concierge&#8221; who is supposed to match us with appropriate agencies, but she was formerly with Ogilvy so that&#8217;s who she recommends every time.“</i></b><b><i> </i></b></p>
<p>So – what we have here is a client taking to a public forum to ask how best to access the services of a holding company presumably selected (no doubt after the usual pitching process) by someone else within the organisation.</p>
<p>We’ve commented before on the merits of the approach pioneered by WPP. In effect, a senior executive is charged with running ‘Team ABClient’, which team is drawn from the combined resources of WPP, regardless of which operating unit these team members sit in. In theory this is a fine idea – the client has someone responsible for the totality of the business, one ‘throat to choke’ as it were, across all units, whose only concern is to do the best for the client.</p>
<p>The reality though is it would seem a little different, which (human nature being what it is) is hardly surprising. After all, someone with a lot of experience (and presumably many contacts) within one agency is going to try to bring business into that agency, however strong the case might be to use someone else within the group.</p>
<p>At the end of the day this is a problem over dividing the spoils. WPP, like any holding company runs budgets by operating unit. It needs to run P&amp;L’s by client across all relevant operating units if this within-group collaboration is to work; something I am sure it is more than capable of implementing.</p>
<p>Meantime despite the rather public criticism from one client it has to be said that WPP would seem to be further down this path than its competitors (although it’s interesting that as far as I am aware no-one has yet been put into one of these central, client-facing roles from any of the Group’s media agencies). Furthermore this path offers genuine benefits for large advertisers if it can be made to work. As the holding company continues to evolve into an organisation that adds value to its operating units, this approach is certainly more innovative, modern and client-focussed than ‘just’ lumping two holding companies together because of the alleged benefits that come from being very big.</p>
<p>&nbsp;</p>
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		<title>The Power of One</title>
		<link>https://www.bjanda.com/blog/the-power-of-one/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 12 Sep 2013 10:40:29 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=165</guid>

					<description><![CDATA[I was interviewed in a store the other day. I had just bought a piece of electronic kit, and on my way out I was approached by a good old traditional market researcher, complete with clip-board. He went through his questionnaire. I answered as best I could. The truth is though that I felt unable [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I was interviewed in a store the other day. I had just bought a piece of electronic kit, and on my way out I was approached by a good old traditional market researcher, complete with clip-board. He went through his questionnaire. I answered as best I could.</p>
<p><span id="more-165"></span>The truth is though that I felt unable to answer many of the guy’s questions (‘was I happy with the advice I received in-store?’ How can I possibly know that until I get home, plug in the kit and see if it meets my needs?). Rather than get into a discussion I just did my best and between us we picked the least inappropriate pre-coded answer.</p>
<p>The answers I gave presumably form a small part of some report. No doubt conclusions will be drawn and maybe even actions taken. I don’t think I’m that unusual, and so I think it likely that others will have faced the same dilemma as me, and answered quickly, quite apart from not being able to be entirely accurate. Which rather calls into question the conclusions reached.</p>
<p>This has happened to me before – both online and in person. &#8216;Am I happy with the way my online complaint of earlier today was handled?&#8217; I don’t know – maybe we should wait and see whether you do what you say you’ll do. But someone somewhere is concluding that the customer service team is doing a fine job as a % of those contacted say they’re satisfied.</p>
<p>Questions like these might well be better answered by analysing some data. Take my store interview. Maybe at least as great a degree of insight could be generated by looking at the % of products returned to the store by category of product, or even the number of questions around each product category on the store’s discussion forum.</p>
<p>Market research companies work themselves into something of a frenzy whenever the phrase ‘big data’ is mentioned. Dark mutterings about the threats posed to the very future of the market research industry are heard; much hand-wringing about the accuracy of some of the analytics is in evidence.</p>
<p>The fact is that data (big, medium-sized, or small) is great at revealing what people do and what they’ve done. It illustrates behaviour (yes, I know I’m simplifying). Used cleverly it can (on a good day) be modelled to indicate the likelihood of someone doing something in the future. Market research on the other hand is (or can be) terrific at explaining what people think, and how they feel.</p>
<p>Traditional market research is (more often than not) not so great at measuring past behaviour although of course the results of questions like ‘have you visited the John Lewis website in the last week’ can be relative and indicative. If you really want to know how many people visited the John Lewis website last week (and what for), look at the data.</p>
<p>It’s also not a bad rule of thumb for any client commissioning research to answer their questionnaire themselves before going live. Can they do so, accurately? Can they complete the online questionnaire without getting so bored that they just tick boxes to get through it as quickly as possible (as happened to me with a major cross-media survey). Errors can be avoided. A simple exercise amongst a sample of one can be a valuable step in generating good research.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>The Future &#8211; You Can Lead a Horse to Water..</title>
		<link>https://www.bjanda.com/blog/the-future-you-can-lead-a-horse-to-water/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 09 Sep 2013 12:47:19 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=162</guid>

					<description><![CDATA[When the final blog in the series on the future of media agencies appeared last week, one agency CEO took the trouble to call me to discuss its content. As what he had to say was very sensible I thought I would extend this series to one more blog. For reasons that will soon become [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>When the final blog in the series on the future of media agencies appeared last week, one agency CEO took the trouble to call me to discuss its content. As what he had to say was very sensible I thought I would extend this series to one more blog. For reasons that will soon become clear the CEO wishes to remain anonymous.</p>
<p><span id="more-162"></span>His point could be summed up as ‘what about the role played by the client’? He didn’t want to be over-critical whilst making the point that if the agencies are to fulfil their potential then there does need to be a sea-change in attitude amongst those buying their services. Clients need to engage far more than they do at the moment with the whole topic of ‘media’ – and by ‘whole topic’ we don’t mean limiting any conversation to the price and discount levels achieved.</p>
<p>Many years ago I was responsible for my then agency’s output on a large automobile account. I was lucky enough to have a great client – who had a responsibility for his company’s media activities across Central and Eastern Europe. He was always pushing us, always challenging us to think differently. He also promoted us inside his organisation; the budgets we were working with were large by anyone’s standards – quite aside from the budgets handled by others.</p>
<p>I was invited to speak to a senior client group about why what we did mattered. I started by asking them to explain the internal protocols they went through before signing off on a new plant. Naturally they were extensive. Yet they signed off an equivalent amount of money every year on media advertising, with very little investigation into how the money was to be spent, beyond the discounts to be achieved.</p>
<p>To extend this analogy, what if someone had come up with a technological breakthrough that would have improved productivity at the various plants? You can bet the company’s senior executives would have wanted to know all about it.</p>
<p>Media agencies’ planning (I use the word broadly) resources offer a competitive edge to those clients using them – a competitive edge that is far more likely to produce measurable business results than simply doing more of the same at a cheaper price.</p>
<p>So why don’t more clients engage more with their media agencies? It’s a complicated and multi-dimensional issue (I sense a new Cog Blog), but in no particular order:</p>
<ul>
<li>Even the top marketing jobs in many organisations are below board level. If the boss doesn’t understand the issues, and his or her bosses don’t care then why rock the boat?</li>
<li>The churn within marketing roles is so high as to discourage risk-taking.</li>
<li>If everyone believes that media is all about price (see the many ill-informed comments on that aspect of the planned Publicis Omnicom merger), then surely it must be.</li>
</ul>
<p>My friendly CEO and I agree that things do need to change, and I take his point that agencies can’t force change without their clients. But I would contend it’s up to the agencies’ (and their holding companies’) top managements to convince the most senior clients that it’s worthwhile putting the agencies’ expertise and thinking to work. This isn’t going to happen overnight but on the basis that you need to start somewhere surely it’s worth starting the conversation, setting up a trial or two and collecting learning.</p>
<p>As Ralph Waldo Emerson probably never said: “Build a better mousetrap and the world will beat a path to your door”. As long as you show them where the door is, and why the mousetrap is better, that is.</p>
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		<title>Media Agencies Plan for the Future</title>
		<link>https://www.bjanda.com/blog/media-agencies-plan-for-the-future/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 06 Sep 2013 08:27:01 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=151</guid>

					<description><![CDATA[Over the last three Cog Blogs we have been banging on about the future for media agencies. Is there one? And what might it be? Today we summarise the issues and propose a solution. Media agencies have for some time now had the potential to evolve into a position as a trusted strategic advisor to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Over the last three Cog Blogs we have been banging on about the future for media agencies. Is there one? And what might it be? Today we summarise the issues and propose a solution.</p>
<p>Media agencies have for some time now had the potential to evolve into a position as a trusted strategic advisor to their clients. It’s clear that this is a smart idea. But they face a number of problems and barriers along the way, not least of which is overcoming their natural conservatism in order to embrace organisational change.</p>
<p><span style="text-decoration: underline;"><span id="more-151"></span>The Opportunity</span></p>
<ul>
<li>The sheer number and complexity of communication channels makes agencies’ position as experts in understanding how consumers feel about, value and use these options a key one.</li>
<li>The growing importance of data and the many ways of using what’s out there fits neatly into any media agency’s skill set.</li>
<li>The lack of investment over many years in research agency client service teams means that most simply don’t have the experience or the expertise to deliver business-relevant solutions to client problems. A research vacuum exists that is waiting to be filled.</li>
</ul>
<p>However – the media agencies have several problems to overcome.</p>
<p><span style="text-decoration: underline;">The Problems</span></p>
<ul>
<li>Top management at their clients see them as buyers first, everything else a distant second.</li>
<li>Agencies don’t think it’s right to be judged purely on price (hence their dislike of media auditors), and yet they struggle to convince anyone of a viable, accountable alternative.</li>
<li>As buyers are two-a-penny, that element of the agency offering has become commoditised, and client fees reduced accordingly.</li>
<li>Agencies have thus looked for income from third parties to supplement client fees.</li>
<li>Clients don’t trust their agencies to be transparent in their handling of budgets. <!--[if gte mso 9]><xml>
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<![endif]-->As the number of communication options has multiplied, the agencies have added layers to their organisations. Often these layers are in different parts of the organisation, sometimes they’re in separate physical locations. This does not aid the creation of integrated plans.</li>
</ul>
<p>The net is that the media agencies are in the wrong game. They need to get out of a spiral that has fees reducing, third-party income increasing, and trust eroding. They need to get out of buying and into high-end consulting. This shouldn’t be impossible (there are many examples of media agencies delivering excellent consultancy services to their clients) as the problem is largely one of perception, particularly amongst senior client directors.</p>
<p><span style="text-decoration: underline;">The Solution</span></p>
<ul>
<li>Separate the cheap-as-chips bit, the buying into a separate commoditised division. This applies equally to digital: digital strategists and planners join the planners in an integrated structure, digital buyers are in with the other buyers.</li>
<li>(Continue to) sell clients the brainy bit as opposed to the brawny bit. But now justify the value it brings and charge for it.</li>
<li>The client relationship stays with the brainy bit (the planners); they subcontract the brawny bit to whichever buying team they favour.</li>
<li>The planners are fully accountable for the delivery of the plan – and for justifying the results.</li>
<li>All financial dealings with the client are handled by the planners. The planners in turn pay the buyers.</li>
</ul>
<p>What benefits would this bring?</p>
<p><span style="text-decoration: underline;">The Benefits</span></p>
<ul>
<li>The client buys brains not brawn. Thus any assessment of value delivered has to be built around the power of the thinking, not the cheapness of the delivery.</li>
<li>Any heat over transparency vanishes. The planner negotiates with his buying team, and pays them. The buyer has to deliver the plan within the budget; that’s all that matters.</li>
<li>Over time the agency becomes known for the business relevance of its plans and ultimately becomes a trusted advisor.</li>
</ul>
<p>And finally, will the agencies actually do any of this?</p>
<p><span style="text-decoration: underline;">The Bottle</span></p>
<ul>
<li>Agencies are fundamentally structured much as they were 40 years ago. All that’s happened is that there are now more supports to planning (like data analytics), there are more things to buy, and accountability is more direct. Specialist silos have flourished at the expense of integration.</li>
<li>Ironically in their early days the media agencies had to fight to justify linking planning (initially thought to be more at home within the old creative agencies) with the buying. Now, with buying so complex (and so tarnished) the time has come to hive off the buying whilst becoming known for the planning.</li>
<li>To do what is proposed here takes confidence – the confidence to charge for thinking. The original media agencies had confidence in spades.</li>
<li>In today’s world of holding companies and quarterly earnings one might wonder if they still do. Yet the holding companies rely disproportionately on the media agencies for profit, and so any change in income has far-reaching consequences.<!--[if gte mso 9]><xml>
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<p>At the end of the day the agencies have to change the game they’re in (or, the game they’re seen to be in). They cannot continue to be paid less and less for more and more.</p>
<p>The question is less will they change; rather it is can they afford not to do so?</p>
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		<item>
		<title>Divide and Conquer: The Future for Media Agencies &#8211; Part 3</title>
		<link>https://www.bjanda.com/blog/divide-and-conquer-the-future-for-media-agencies-part-3/</link>
					<comments>https://www.bjanda.com/blog/divide-and-conquer-the-future-for-media-agencies-part-3/#respond</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 02 Sep 2013 08:49:54 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=147</guid>

					<description><![CDATA[The last two blogs in this series on the future for the media agency have looked at the stresses between the public, planning led element of the organisation, informed by research and data, and the more private buying element driven (far too often often) by a need to make money for the agency as opposed [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The last two blogs in this series on the future for the media agency have looked at the stresses between the public, planning led element of the organisation, informed by research and data, and the more private buying element driven (far too often often) by a need to make money for the agency as opposed to doing the best for the client. This final edition looks into how agencies might organise themselves differently for a brighter future.</p>
<p><span id="more-147"></span>In one way media agencies are a little like banks. Banks should be able to provide a helpful, central, even strategic role in their customers’ affairs – but any reputation they build up in that space tends to be subsumed by the behaviour of a few, who invent financial tools of such complexity that no-one understands them, no-one stops them and bingo – before we know it we’re embroiled in a full-blown financial crisis.</p>
<p>One proposed post-crisis solution in the banking sector is to separate the ‘good’ (in effect retail banking) from the ‘bad’ (the investment divisions). Perhaps the same approach might shape the future of media agencies.</p>
<p>The agencies’ problem is circular. They need a certain volume to be able to afford the talent and develop the tools necessary to understand and drive their clients’ use of all communication forms. But their clients keep seeing them as being primarily in the business of using their volumes to drive media prices down. As a part of this downward spiral of prices, clients keep putting agency fees under pressure (by reducing them, by imposing later and later payment terms and so on). Agencies thus find themselves looking for income from media owners or other third parties to supplement the lower fees from the client, in order to be able to afford the tools and talent that help them win the business in the first place.</p>
<p>And this is quite apart from having to bolster holding company margins at a time when other elements of the marketing services sector are under the same pressures, but generally without the unofficial income get-out.</p>
<p>Clients then find out about these unofficial income streams, fire the agency, call a review, and the whole farrago starts again.</p>
<p>The trick for agencies is to separate the buying end of what they do from the planning. Reposition themselves as something far closer to management consultants, but in the communication space. Charge accordingly for the advice they deliver and the plans they write.</p>
<p>Buying is hived off into a series of commodity, low cost businesses. It may well be that there will be clients wanting a pure buying service, and paying little for it. That’s fine – the buying group delivers a low quality service for a rock bottom price. But all the agency’s efforts, and those of the holding company parent goes into selling the high-end planning and consultancy service.</p>
<p>This end of the business delivers advanced communications planning and related research services at a higher price. If (as will generally be the case) the client wishes the planning agency to take the plans through to buys then that’s fine too – the planning side goes ahead and commissions whichever buying team they like, negotiates a price with them, and pays them out of the fees received from the client. The client relationship remains purely with the planners – the buying relationship (and payment for that element of the service) is between planner and buyer. The planner holds the buyer responsible for every aspect of the delivery of the plan.</p>
<p>A number of specialist planning organisations will emerge from this model, justifying and charging a higher fee for a quality service. This has happened before. Remember companies like Michaelides and Bednash, and Naked? To an extent it happens now, with smaller agencies. In this more complex environment the time is right to reignite this idea across a broader canvass.</p>
<p>For many years the media agencies have feared management consultancies trespassing on what they see as their turf. This way they go onto the front foot – they become management consultancies but within the communication space and with all the resources of sister (or more distantly related) specialists at their disposal.</p>
<p>The major agencies will thus be able to take their place at the centre of their holding company’s structures, selling such as research and even creative services around their plans. The smaller agencies will claim a degree of creative independence absent (they will say) from the holding companies. There will be a place for both.</p>
<p>The future for the media agency will be as the hub in the centre of the communications wheel, being paid for the quality of their thinking rather than for their buying muscle. The order of events becomes: work out who you want to talk to, and where and when you want to talk to them. Only then work out what you want to say to them. And then, buy them. In this world the media agency becomes a true strategic advisor, helping brief, allocate budgets to, and evaluate all aspects of the programme.</p>
<p>Media buying and all that goes with it becomes separated, with any financial relationship between buyer and client removed. The heat is taken out of the situation with the media agency planning team responsible for the delivery of the plan. The rule becomes ‘buy to plan; not to budget’. Deliver what’s asked for, what’s required. Then stop and reinvest the money into such as research or data analytics. Don’t just spend to budget.</p>
<p>This is how the future might look. To do nothing except to continue to add specialists, make money unofficially and to be subject to a lack of trust from their customers is to condemn the media agencies to a circular form of hell, being paid less and less for doing more and more.</p>
<p>Later this week we will summarise these three blogs on the future for media agencies – and ask: “Are they up to changing?”</p>
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		<item>
		<title>Planning The Future: The Future for Media Agencies &#8211; Part 2</title>
		<link>https://www.bjanda.com/blog/planning-the-future-the-future-for-media-agencies-part-2/</link>
					<comments>https://www.bjanda.com/blog/planning-the-future-the-future-for-media-agencies-part-2/#respond</comments>
		
		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 27 Aug 2013 10:13:01 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=142</guid>

					<description><![CDATA[In the first blog in this series on what the future might look like for the media agency we focussed on the difference between the public face of the agency (based on a deep and often profound understanding of consumers and their relationship with communication channels) and the more private reality, based around supplementing their [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>In the first blog in this series on what the future might look like for the media agency we focussed on the difference between the public face of the agency (based on a deep and often profound understanding of consumers and their relationship with communication channels) and the more private reality, based around supplementing their meagre earnings through unofficial kick-backs and payments in kind from media owners.</p>
<p><span id="more-142"></span>The unpalatable fact is that whenever surveys of client attitudes are conducted, media agencies are neither trusted, nor particularly well-regarded by their customers. They are still referred to as ‘media buyers’, they still speak in strange tongues (especially if they are a digital whiz kid, whose terms of employment demand that they frequently use words no-one else in the room understands), and the benefits they bring to their clients are all too often described (by commentators and even some of these clients) as being largely about price. Look at how the less well-informed noise around the planned Publicis Omnicom merger focussed on buying muscle.</p>
<p>Many have argued that digital channels and access to data changes everything, and up to a point they’re correct. The ability to analyse large tranches of data improves the important business of tying business results and media activities together; marry that with the opportunity for a far greater degree of accountability than ever before and the result must be a good thing.</p>
<p>Media agencies and their owners were indeed quick to embrace the digital and data world(s), through acquisitions, new talent, and internal structures. But once again the story has mushroomed out of control, with the suspicion that on too many occasions the agencies have simply used the growing complexity surrounding digital matters to feather their own nests through such practices (long abhorred, ironically by many of them in traditional media) as broking. The opportunity to become known for smart uses of digital, or brilliant data analytics might not have vanished but it’s a lot harder when the backdrop to any such story is all around what is seen as dodgy behaviour.</p>
<p>Even in today’s digital world the same basic rules still apply. Planners still plan campaigns to reach a defined target with a defined purpose in mind. Research is still used to help planners plan, and to learn from results. Data analytics is an aid to planning, learning what works helps you do more of it.</p>
<p>The problem for the media agencies is that they have made the planning bit hard to understand and to interact with. It’s all presented as being a bit mysterious, a bit scientific, a bit over-engineered. Organisations have become too silo-ed, with specialists too separated from generalists (separate businesses, generally in separate buildings does not aid team-work). Planning (the bit closest to the client’s business) is often undervalued and rather overlooked within a process that focusses far more on the easy-to-understand bit, the prices, discount levels and kick-backs achieved.</p>
<p>50% off the wrong thing does not make it the right thing. The plan’s the thing, not the buy. For media agencies to move up the value chain they have to become better known and better regarded for their planning skills as opposed to for their buying muscle. They need to change the agenda, away from brawn alone to brains driving brawn.</p>
<p>In the next and final blog in this series we will propose a new structure for the media agency, one that more properly recognises the values they bring to their clients.</p>
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		<title>Intellectuals and Power-Crazed Lunatics: The Future for Media Agencies &#8211; Part One</title>
		<link>https://www.bjanda.com/blog/intellectuals-and-power-crazed-lunatics-the-future-for-media-agencies-part-one/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 22 Aug 2013 13:03:37 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=136</guid>

					<description><![CDATA[It is generally acknowledged that the whole field of communications has changed unrecognisably over the last 10 years or so. And that the speed of change has been accelerating. Given this, is it still appropriate that those charged with advising their clients on how best to use communication channels to change behaviour, build brands, sell [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It is generally acknowledged that the whole field of communications has changed unrecognisably over the last 10 years or so. And that the speed of change has been accelerating. Given this, is it still appropriate that those charged with advising their clients on how best to use communication channels to change behaviour, build brands, sell product are structured pretty well as they always have been?</p>
<p>The next few Cog Blogs will explore the future of media agencies. Have they lived up to their early promise? Are they set to prosper in the future?</p>
<p><span id="more-136"></span>Media agencies began life in the 1970’s. The exact year varies by country and anyway doesn’t matter much. Their reason for being (certainly in the UK and it can be argued elsewhere too) was born out of a failure by the old full-service ad agencies to take the subject of media seriously. A group of talented entrepreneurs left the ad agencies, set up on their own and promptly walked off with large chunks of business.</p>
<p>Today, media agencies are somewhat schizophrenic. On the one hand they do genuinely interesting, creative and actionable work that brings the early promise of the media agency being positioned at the centre of all communications activity closer; on the other they behave something like power-crazed lunatics making free with their clients’ budgets.</p>
<p>Something has gone wrong somewhere. Rather than focussing on buying the plan, the buying end of the business now seems to be at least as much about inventing ways of making money for the agency as doing the best for their client. Sometimes these things coincide – but often they don’t.</p>
<p>For those who doubt the full extent of media agencies’ creativity in enhancing their margins, this excellent article, published in Australia a few weeks ago explains it all far better than I could: <a href="http://mumbrella.com.au/what-your-media-agency-might-not-be-telling-you-168038">http://mumbrella.com.au/what-your-media-agency-might-not-be-telling-you-168038</a></p>
<p>What drives agencies to behave like this? Many in the agency business would say it’s as a direct result of clients cutting ‘official’ fees to the bone. So the agency has to look elsewhere for its revenue. That’s a cop out; agencies, like any provider of any service have to justify the value they deliver. As long as that value is defined in simple price terms then clients will continue to push fees down. If the agencies weren’t prepared to accept that fact then there wouldn’t be so many of them taking part in competitive reviews.</p>
<p>The agencies have a choice. Either they can continue to accept lower fees, and make their money unofficially. Or they can help clients understand the true value they bring, and charge accordingly.</p>
<p>Their future lies in the latter. In Part 2 of this Cog Blog series we explore why.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Play It Again Jeff</title>
		<link>https://www.bjanda.com/blog/play-it-again-jeff/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 19 Aug 2013 09:47:19 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=132</guid>

					<description><![CDATA[It was recently announced that Jeff Bezos, the Founder of Amazon has bought that great newspaper  ‘The Washington Post’. It’s important to make the distinction that it is not Amazon that has acquired the newspaper; Bezos personally has bought it. Aside from being an invitation for every wag on the web to crack the obvious [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It was recently announced that Jeff Bezos, the Founder of Amazon has bought that great newspaper  ‘The Washington Post’. It’s important to make the distinction that it is not Amazon that has acquired the newspaper; Bezos personally has bought it.</p>
<p>Aside from being an invitation for every wag on the web to crack the obvious joke (“Jeff based on recent purchases you might also be interested in ‘The LA Times’, ‘Newsweek’..”), it’s interesting to speculate on just why Bezos has done this.</p>
<p><span id="more-132"></span>Generally people buy newspapers in order to buy access, influence or respectability. They certainly don’t buy heritage newspapers these days to make money (if indeed they ever did), or to help maintain a low public profile (Bezos is by all accounts a private person). He founded one of the most successful digital businesses ever and one has to assume that if he really wanted access to or influence over the great and the good he could make that happen without the encumbrance of a newspaper.</p>
<p>We can set aside any theories about using ‘The Washington Post’ as a vehicle to promote Amazon, or indeed vice-versa, given that the purchase has been made privately as opposed to with corporate funds.</p>
<p>One parallel can perhaps be found in the past. One eventual consequence of Rupert Murdoch entering the UK newspaper market was the modernisation of the industry. Murdoch moved all of his newspapers from their old hot-metal Fleet Street home, where (like every other newspaper proprietor) he was subject to a range of disruptive tactics by the print unions, to Wapping, where journalists entered copy directly from their computers, and where electricians rather than the print unions made up the workforce.</p>
<p>The move to Wapping in January 1986, made overnight and without a single edition lost is one of the great stories in newspaper history (Linda Melvern’s book ‘The End of the Street’ chronicles this period brilliantly. It’s available from you-know-where at the time of writing for £0.01). Others followed; the industry was changed forever.</p>
<p>Today, newspapers are metamorphosing from printed things to online things. Many are struggling to come to terms with this change – including journalists, advertising sales teams and old-style newspaper managers. As Aaron Levie, the founding CEO of Box, tweeted: &#8220;Industries are transformed by outsiders who think anything is possible, not insiders who think they already know what is impossible.&#8221;</p>
<p>Maybe as an outsider Jeff Bezos simply loves newspapers. Maybe he has a vision that involves taking one of the greatest newspaper brands into a digital future. One thing’s for sure – he’s the first digital superstar to take on a newspaper and thus to become what used to be referred to as a press baron.</p>
<p>Transforming a print-based industry reliant on paper into one that uses digital technologies to build and maintain a dialogue with customers sounds like the sort of challenge that might appeal to Jeff Bezos. After all, he’s done it once before.</p>
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		<title>Media Agencies’ Take on Research</title>
		<link>https://www.bjanda.com/blog/media-agencies-take-on-research/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 15 Aug 2013 10:14:30 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=129</guid>

					<description><![CDATA[Two of the largest global agencies recently announced major research initiatives into how consumer behaviour is influenced by communication channels. Interestingly, neither is a research agency. MEC launched their Momentum programme at the Cannes ad festival, whilst OMD took to the pages of ‘Campaign’ to discuss their large-scale study predicting the future shape of British [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Two of the largest global agencies recently announced major research initiatives into how consumer behaviour is influenced by communication channels. Interestingly, neither is a research agency. MEC launched their Momentum programme at the Cannes ad festival, whilst OMD took to the pages of ‘Campaign’ to discuss their large-scale study predicting the future shape of British consumer society called (rather portentously) ‘Future of Britain’.</p>
<p><span id="more-129"></span>The MEC Momentum project is interesting in the link through to actionable planning, in that it claims to explore the purchase journey undertaken by consumers, and the way in which communication forms can influence that journey along its path.</p>
<p>The MEC work is ambitious – to date the agency claims to have interviewed over 100,000 people, across 17 categories in 12 countries (these figures may well be out-of-date as the programme builds continuously across the agency’s network), using a mix of quantitative and qualitative techniques. The agency says that over US$1.8 million has been spent so far on the initiative and that it is recouping the investment via paid-for projects from clients.</p>
<p>Time will tell if MEC’s Momentum really changes the way the agency plans or whether this is yet another publicity-generating stunt masquerading as research. Mind you, there are many cheaper ways of generating publicity, so it seems reasonable to take MEC at their word when they claim Momentum is gaining traction with relevant clients and is already being extensively used by the network’s planners.</p>
<p>It’s interesting that it’s the media agencies that are doing work into how communication works on consumer behaviour. Good for them, but, one has to wonder, what of the research agencies?</p>
<p>MEC used a combination of its sibling GMI, a Kantar (WPP) company for the execution of the quantitative work, and a mix of its (MEC’s) own in-house researchers and local suppliers for the qualitative elements. So a research agency was involved in the doing bit. All of the thinking bits (like the questionnaire design, and the interpretation) were done by MEC.</p>
<p>Research agencies often boast of their abilities to think creatively; to take initiatives; to work proactively on solving clients’ problems. Providing a low-cost, commoditised service is not where they wish to be.</p>
<p>The MEC initiative does not bode well for the market research world. If media agencies, with their need to navigate a complex communication world see research suppliers as, well, low-cost suppliers, and if advertisers continue to use technology and systems to undertake their own research, and mine their own data (again, often via their media agency) then the business base served by the research agencies will only continue to shrink.</p>
<p>Research agencies might want to consider some research into how they might best meet their customers’ future needs. I doubt they will: after all it seems it is the cobbler’s children who are always the worst shod.</p>
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		<title>What&#8217;s Next for the Holding Company?</title>
		<link>https://www.bjanda.com/blog/whats-next-for-the-holding-company/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 12 Aug 2013 13:03:02 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=125</guid>

					<description><![CDATA[Does anybody active in or around the advertising business (aside of course from some of those working for them) genuinely think that holding companies within the marketing services sector currently deliver better work than independent agencies? As the intended Publicis Omnicom merger has received what might at best be described as a lukewarm reception this [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Does anybody active in or around the advertising business (aside of course from some of those working for them) genuinely think that holding companies within the marketing services sector currently deliver better work than independent agencies? As the intended Publicis Omnicom merger has received what might at best be described as a lukewarm reception this seems a good time to explore what exactly these organisations are for.</p>
<p><span id="more-125"></span>Do they improve creativity? I’ve never heard a single creative voice singing their praises; in fact I’ve heard very many creative voices doing the exact opposite. Certainly Omnicom agencies win a great deal at Cannes but is that anything to do with the agencies concerned being part of Omnicom?</p>
<p>Do they encourage collaboration between member operating companies from different disciplines within the same organisation, thus helping to deliver the holy grail of integration?</p>
<p>Anyone who has experienced any attempt to collaborate between a Kantar company and a GroupM unit would know the answer to this one. As would anyone looking for examples of any form of genuine collaboration between Zenith and Starcom, or even OMD and PHD.</p>
<p>Meantime Omnicom and WPP had a most unseemly row about who could claim the most Cannes Lions, with creative agencies adding media agencies to the list of contributors to winning entries only after the event, apparently when driven to do so by their holding companies. Collaboration indeed.</p>
<p>How about research services? There must be a reason why the only holding company to have entered this field whole-heartedly is WPP (Omnicom and Hall and Partners isn’t on the same scale), and even its closest admirers wouldn’t claim Kantar as an overwhelming success when it comes to inter-company collaboration. Ask most in the research world (including clients) if TNS is a better company under Kantar and you wouldn&#8217;t find many saying it is.</p>
<p>Below-the line? I suspect most creative or media agency operating units would far rather tackle pretty well any BTL issue themselves (however poorly equipped they may be to do so) ahead of bringing in a sibling to help (and share revenue).</p>
<p>Clients? The one-stop shop notion is in theory a good one. It should make sense for a client to have ‘one throat to choke’, one person or team responsible for delivery across all participating entities within the holding company.</p>
<p>But in reality it very rarely works. The reasons are many. First many clients instinctively baulk against putting all their eggs in one basket. Many client structures are silos – and the issue of individual sovereignty is an important one. Having (say) a PR agency foisted on you as the Head of PR purely because someone above you has done a deal with a holding company tends not to be popular unless the holding company brings a tangible benefit through integrating (let’s say) PR and research.</p>
<p>Then there’s the issue of talent. No holding company has a monopoly on the best people – and as a client it must be preferable to have the most talented individuals on your business across all disciplines, regardless of who they ultimately work for.</p>
<p>Their own staff? Internal politics flourish within holding companies. Many operating units overlap in the services they offer – look at the number of WPP entities offering econometrics as one example (I can count four sets of analysts, and there may well be more). When individual operating companies are under pressure to deliver financially, internal battles break out as to who does (and can charge) for what. And that’s before you get into the battles over who is the client’s truly trusted strategic lead partner.</p>
<p>What about providing better media services to clients? The Cog Blog has commented before on the myth that bigger equals cheaper prices in media buying. Once you’re in the Premier League it really makes no difference who is biggest.</p>
<p>Digital and technology? Certainly some of the major holding companies, like Publicis and WPP have snapped up a raft of digital and technology businesses. But do these businesses really offer a better service to clients just because they’re part of a larger organisation? Do the other companies within the holding company welcome them, and work with them? Are there any examples of these businesses growing faster than they would otherwise have done as a result of investment from the holding company that owns them? And anyway are clients really going to find them more appealing under the aegis of a WPP or a Publicis as opposed to them remaining independent?</p>
<p>Do the holding companies need ever-bigger scale to allow them to ‘compete’ with the likes of Google and Facebook? Aside from the point we’ve made before on data ownership (agencies don’t own primary data) this is an issue that primarily exists in the heads of analysts. It makes no difference once you’re at a certain scale.</p>
<p>The fact is that clients buy people, first and foremost. And the history shows that post-earn-out many of these talented people leave front-line work for clients and either vanish into the holding company hierarchy or leave.</p>
<p>Holding companies have done many good things over many years, amongst them elevating the advertising business from something close to a series of local cottage industries to a respected and acknowledged driver of business success, globally. They’ve encouraged the notion that ‘advertising’ is something that goes beyond creative output to encompass many activities that enhance and build on original ideas and thinking. They’ve allowed certain centralised functions to be offered across all operating units at a scale out of reach to individual units. They’ve made many people a great deal of money.</p>
<p>But maybe they need to be reformed. Their purpose has to go beyond a search for scale for scale’s sake, towards working smarter and more collaboratively within their organisations. Certainly scale brings some benefits, it’s just that scale for scale’s sake beyond a certain point becomes pointless. The challenge for holding companies is to use their resources to focus their people on what they do best: to collaborate in order to provide better solutions for clients.</p>
<p>Because, underneath it all the truth is that holding companies’ biggest supporters are those who know little and care less about advertising output, including financial analysts and (sadly) many client Boards, to whom the offer of a neat and tidy solution is compelling, at least until those on the front-line demonstrate that neatness doesn’t necessarily equal the sort of creativity and flexibility in thinking that leads to success.</p>
<p>The Publicis Omnicom intended merger has indeed received a lukewarm reception. It may very well turn out to be an industry game changer – just not in the way that Messrs Levy and Wren envisage.</p>
<p>&nbsp;</p>
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		<title>Bigger, Better, Ummm</title>
		<link>https://www.bjanda.com/blog/bigger-better-ummm/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 08 Aug 2013 10:24:21 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=118</guid>

					<description><![CDATA[One of the more frequently claimed benefits to clients of the Publicis Omnicom merger is that the new merged business will be able to compete better both with traditional media giants and with the likes of Google and Facebook. This simply doesn’t hold water. For a long time, it’s been accepted that bigger agencies or [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>One of the more frequently claimed benefits to clients of the Publicis Omnicom merger is that the new merged business will be able to compete better both with traditional media giants and with the likes of Google and Facebook. This simply doesn’t hold water.</p>
<p><span id="more-118"></span>For a long time, it’s been accepted that bigger agencies or bigger holding companies are somehow essential to deliver ever better prices to clients. Bigger must mean cheaper, surely? Whilst this assumption might once have held a grain of truth, those with a vested interest in saying it was so (holding company CEO’s, analysts thirsting for the next mega-merger) have turned it into absolute truth by repetition and by convincing journalists who really should have questioned it more closely.</p>
<p>Are we to assume that the likes of GroupM, now reduced to a ‘mere’ challenger brand are suddenly going to find themselves paying more for digital space, or indeed for regular traditional space than a larger competitor? That a large broadcaster is about to turn round and say, in effect we have to give the bigger guy better rates?</p>
<p>Scale is significant in media pricing – but only up to a point. And we’ve gone way beyond that point. Today, as long as you’re in the top division it makes no difference.</p>
<p>Then there’s the shadowy world of unofficial income. Here there may be a benefit in being at least amongst the very biggest – but the benefit is for the holding company, not its clients.  This is an area future Cog Blogs will cover.</p>
<p>Scale does allow an agency to buy the best talent, leading to the best results. After all, if you’re an ambitious buyer, working on huge brand budgets is both interesting and good for the CV. Is there a queue of talented people waiting to leave WPP for the new merged entity purely because the newcomer is bigger? If accountancy firm A overtakes accountancy firm B in terms of overall revenue does the talent migrate from B to A? Of course not.</p>
<p>Scale helps, up to a point. Once we’re beyond that point, pure scale and the inevitable need for short-terms results, added to the debilitating effect that comes with layers of bureaucracy can lead to a reverse effect. Which is why one unintended consequence of the Publicis Omnicom merger could very well be a growth in small, independent, creatively-driven agencies.</p>
<p>What about technology and data analytics? Surely here scale is needed to compete with Google and Facebook?</p>
<p>But the agencies don’t own any primary data. Data is owned either by clients, by publishers or by those who have invested in persuading consumers to trust them with their individual information. It may be that many consumers don’t realise they’ve vested that responsibility with the likes of Facebook; the fact is that Google, FB and the like own or at least are leased primary data.</p>
<p>The more we learn about this merger the more shadowy the benefits become – unless of course your name is Levy or Wren.</p>
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		<title>Media: Too Important to be Left to Media People</title>
		<link>https://www.bjanda.com/blog/media-too-important-to-be-left-to-media-people/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 06 Aug 2013 09:37:25 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=115</guid>

					<description><![CDATA[Back in the old days of full service agencies the often-told joke was that the media element of any client presentation had to be fitted in to the 10 minutes before the important matter of lunch. No matter that the allocation of millions of pounds was at stake, no matter that the client had just [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Back in the old days of full service agencies the often-told joke was that the media element of any client presentation had to be fitted in to the 10 minutes before the important matter of lunch. No matter that the allocation of millions of pounds was at stake, no matter that the client had just spent a jolly two hours debating where to shoot the next TV ad, 10 minutes it was. If you were lucky.</p>
<p><span id="more-115"></span>Most clients knew very little about the media world, and cared less. There were, and are honourable exceptions like Coca-Cola, Procter, Unilever and no doubt others but for the majority it was all too confusing, and, well, numeric. In part this was due to the media people themselves (I speak as one) over-complicating life, talking in jargon, frankly being boring.</p>
<p>Have things changed? Up to a point. There are today many people in media agencies who are more than capable of talking coherently and interestingly (and for more than 10 minutes) in making recommendations relevant to their client’s business.</p>
<p>There are others – including far too many digital specialists – who are making the same mistakes we made: confusing everyone, speaking some weird jargon and making recommendations that are somehow disconnected from the world inhabited by their client (or most of the human race, come to that).</p>
<p>And what of clients? Are they fully engaged with the major issues of the media world? Are they better informed than they used to be? With the obvious exceptions mentioned above I’m afraid the answer has to be ‘no’.</p>
<p>It is hard to think of any other example where tens, hundreds of millions of pounds are spent with such little knowledge held by those doing the spending. Yes, of course advertisers hire auditors to pick over the fine detail of what’s been done with the money but shouldn’t clients themselves take more interest in how the agencies are planning their campaigns as opposed to simply in what was bought and at what price?</p>
<p>This goes beyond education. There are many examples of agencies spending a day or two with bored brand managers explaining what the words mean; there are many conferences (normally ignored by clients unless of course they&#8217;re flattered by being on the platform); there are books (unread by most clients).</p>
<p>Clients at a senior level need to engage with the principles<!--more--> of how to spend their media budgets as effectively as possible. This may not be as exciting as where to shoot the next commercial but it has a far greater commercial impact.</p>
<p>At the end of the day, media is too important an investment to be left solely to the media agency.</p>
<p>&nbsp;</p>
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		<title>What&#8217;s in a Word?</title>
		<link>https://www.bjanda.com/blog/whats-in-a-word-2/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 01 Aug 2013 07:47:31 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=112</guid>

					<description><![CDATA[I have been worrying about social media forms. This is I admit a little sad, but the main players do seem rather beleaguered, what with Facebook’s share-price struggling to get back to IPO levels, Google coming under attack for not paying their taxes (quite aside for demonstrating a remarkable lack of regard for the facts [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I have been worrying about social media forms. This is I admit a little sad, but the main players do seem rather beleaguered, what with Facebook’s share-price struggling to get back to IPO levels, Google coming under attack for not paying their taxes (quite aside for demonstrating a remarkable lack of regard for the facts by claiming that they’ve already killed TV as a medium), and Twitter for apparently failing to appreciate their responsibilities to those users attacked by trolls.</p>
<p>If you are one of the very few people who notice my Facebook comments you’ll be aware of my regular reporting on the (in)appropriateness of the ads served to me. I’ve never ridden a motorbike and am unlikely to start now – which no doubt makes me an ideal target for Harley Davidson. I have been very happily married for 30 years, so singles dating sites don’t really do it for me. And although I suppose I am mortal I don’t really engage with funeral planning services. And as for the portable catheter on offer at an attractively discounted price…</p>
<p>Mind you, LinkedIn isn’t much better – recommending as ‘news for you’ today a piece on America’s most miserable sports cities.</p>
<p><span id="more-112"></span>The fact is – targeting aside, social media ads don’t really seem to work, on any level. I suspect the reason is that social media is akin to a chat amongst friends, and when we’re chatting with friends we don’t really enjoy being interrupted by someone we don’t know barging in and banging on about the latest developments in sensitive toothpaste.</p>
<p>A key problem lies with the word ‘advertising’. Social media doesn’t lend itself to ‘advertising’ per se. ‘Advertising’ implies the old form of interruptive messaging (a form that still works very well, in its place by the way). Say the word ‘advertising’ to most people and they think of TV, maybe a brilliant print or outdoor execution. But in just the same way that no respectable creative would want to see a long-copy print ad on a poster on the M4 approach, so we shouldn’t be placing ads designed for one thing into a medium designed to do something else.</p>
<p>That’s not to say there isn’t a place for brand messages within social media – just that we don’t seem to have found the key to unlock that particular door yet. What’s required is a strong link between the message and the medium in which it’s placed. Unfortunately the trend amongst creative agencies to employ media strategists seems to have stalled (with one or two notable exceptions); whilst media agencies seem more interested in hiring creative thinkers over and above collaborating with creative doers.</p>
<p>To crack this one there is a need for a degree of collaboration between media and creative people that goes deeper than is typical today. Media people understand how these media forms attract and engage users; they need to work closely with their counterparts in creative agencies to ensure that that level of understanding feeds through into creative executions. At the moment (aside from the occasional stunt) that doesn’t seems to be happening most of the time on most social media sites.</p>
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		<title>Time to Zag &#8211; Publicis and Omnicom Merge</title>
		<link>https://www.bjanda.com/blog/time-to-zag-publicis-and-omnicom-merge/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 29 Jul 2013 12:49:48 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=108</guid>

					<description><![CDATA[The ad news this weekend was full of the planned Publicis/Omnicom merger. WPP’s Martin Sorrell went on the BBC this morning sounding strangely flustered, having lost his crown as the leader of the world’s largest marketing services group. Commentators didn’t really know what to make of the news besides talking about scale; admittedly they were [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>The ad news this weekend was full of the planned Publicis/Omnicom merger. WPP’s Martin Sorrell went on the BBC this morning sounding strangely flustered, having lost his crown as the leader of the world’s largest marketing services group. Commentators didn’t really know what to make of the news besides talking about scale; admittedly they were hardly helped by the fact that neither Omnicom nor Publicis has to date said anything of substance about the benefits of a merger to clients.</p>
<p>So what to make of it all?</p>
<p><span id="more-108"></span>Scale for scale’s sake has been old news for a while now. Scale was never a benefit in creative agencies; nor (despite WPP’s purchase of TNS suggesting otherwise) does it count for anything in research agencies. But in media agencies there was always a sense that money talked, that big was good; but bigger was better.</p>
<p>However, even in media agencies scale on its own is rather old-hat. Here’s what Martin Sorrell said in an interview as far back as 2005: <b><i>“(The next big issue in media)… is using brain as well as brawn, harnessing the intellectual as well as the scale assets we have”.</i></b></p>
<p>Despite what some journalists seem to think, scale only takes you so far when it comes to securing preferential rates from the media. In fact sheer scale is often a disadvantage; it’s easier and more affordable for a media owner to give a mid-sized agency a great deal over a huge competitor. Scale might be a benefit in unofficial kick-backs from the media – but in these transparent days no-one is going to boast too much about that.</p>
<p>So, to get back to Publicis and Omnicom, if scale per se is not so vital, why merge? To be frank, the reasons don’t  appear obvious.</p>
<p>The merger is being described as a game-changer. It isn’t. It’s about winning an existing game – not just leading going into the final straight, but winning. WPP can buy pretty well anything out there but it still won’t overtake the new merged organisation in scale.</p>
<p>When this happens it’s time for the key challengers to change the game. If you can’t be the biggest then be the best (to misquote Maurice Saatchi). Make scale yesterday’s game; get smarter.</p>
<p>When the history books are written there’s a good chance that this weekend’s merger will be seen as providing the momentum that eventually led to the advertising business coming to its senses, as well as to the eventual recasting of the holding company model.</p>
<p>The new merged business needs to make savings, that much is clear. Given that people make up by far the majority of any service business’ costs this means that people will go. Not the top guys but the younger, emerging guys. In time a raft of new independent, progressive thinking agencies will emerge (in media as well as in creative), many formed by disaffected Publicis/Omnicom employees. This will bring about a renaissance in smaller, client-focussed, creative-thinking businesses.</p>
<p>And what of WPP? Being second-biggest no doubt doesn’t appeal to an organisation that has placed so much store in being the biggest. But WPP has unrivalled assets in market research and in media thinking. It needs to leverage these thinking assets as opposed to just the old hackneyed buying assets, to become more consultancy-like, leading by thinking as opposed to by buying.</p>
<p>What’s stopping them? Here’s another Martin Sorrell quote from the 2005 interview: <b><i>“Integration is fundamental to our business. There is no point in companies existing unless they get the benefit of their constituent parts. The thing that bedevils us and our clients is the unwillingness of people to work together.”</i></b></p>
<p>WPP has the constituent parts – the question is will it now start to act to benefit from their integration? The time has come for a touch on the tiller, away from muscle and towards brains plus muscle. The time has probably also come to bang a few heads together.</p>
<p>The world has zigged; now is the time to zag.</p>
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		<title>The Media Agency Dilemma</title>
		<link>https://www.bjanda.com/blog/the-media-agency-dilemma/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Fri, 26 Jul 2013 08:23:38 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=104</guid>

					<description><![CDATA[Media agencies seem to be suffering from something of an identity crisis these days. What are they really for? On the one hand they promote themselves as guardians of the brand, of innovators in research and data analytics, as creators of stand-out communication plans. And on the other they compromise the thinking bit by throwing [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Media agencies seem to be suffering from something of an identity crisis these days. What are they really for? On the one hand they promote themselves as guardians of the brand, of innovators in research and data analytics, as creators of stand-out communication plans.</p>
<p>And on the other they compromise the thinking bit by throwing their media muscle around with gay abandon. They terrorise media owners by threatening to pull their budgets (I always thought they were clients’ budgets, but no matter), they compromise their objectivity by sitting on suppliers’  Boards, they broker digital ad space to the obvious dismay of their larger, more sophisticated clients.</p>
<p><span id="more-104"></span>I have seen more agency research initiatives come and go than you can shake a stick at. All are launched with a roll of drums (or the presence of Sir Martin Sorrell – surely a roll of drums in human form); no doubt all feature on the agencies’ websites and in all pitches for a year or two. All then seem to disappear. If the publicity these things generate brings in one new account then the investment has been worthwhile.</p>
<p>Let’s go back to the beginning. Media agencies were when they started fundamentally buying shops. Unlike the full-service agencies from which they emerged, they focussed solely on media, they cut the costs spent by the old full-service agencies on such fripperies as smart offices to the bone, and as a result they were able to charge low levels of commission. The result was that they undeniably delivered value to their clients.</p>
<p>Then they came across a great truth – there is always a guy down the street who will do the job for less. The agencies had to add something not available to the guy down the street – and the ‘something’ was planning based on proprietary research.</p>
<p>I suspect that certainly in those days the agencies were really far happier buying; planning was something they had to do, something that differentiated them, something for pitches, something that helped to justify the buy, something that made press headlines, something ephemeral.</p>
<p>Yes the agency heads, many of whom are planners by background made (and continue to make) the right noises in public and on platforms – but sadly far too many clients still seem to see them as media buying shops, and look elsewhere for strategic advice on their communication plans. Despite the millions spent by media agencies on proprietary tools and research</p>
<p>The future for the agencies has to be in planning; if they’re to step off the merry-go-round of ever lower prices and ever lower fees they need to persuade their clients of the benefits delivered by all the smart stuff they do.</p>
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		<title>Royal Babies, Cricket, Golf and Box Sets</title>
		<link>https://www.bjanda.com/blog/royal-babies-cricket-golf-and-box-sets-2/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 23 Jul 2013 10:05:33 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=100</guid>

					<description><![CDATA[As an addendum to yesterday&#8217;s Cog Blog post, here&#8217;s a link to some of the topical ads appearing in today&#8217;s UK newspapers. http://www.brandrepublic.com/bulletin/brandrepublicnewsbulletin/article/1192301/warburtons-coca-cola-ryanair-among-brands-making-royal-arrival/?DCMP=EMC-CONBrandRepublicdailynewsbulletin]]></description>
										<content:encoded><![CDATA[<p>As an addendum to yesterday&#8217;s Cog Blog post, here&#8217;s a link to some of the topical ads appearing in today&#8217;s UK newspapers.<br />
http://www.brandrepublic.com/bulletin/brandrepublicnewsbulletin/article/1192301/warburtons-coca-cola-ryanair-among-brands-making-royal-arrival/?DCMP=EMC-CONBrandRepublicdailynewsbulletin</p>
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		<title>Royal Babies, Cricket, Golf and Box Sets</title>
		<link>https://www.bjanda.com/blog/royal-babies-cricket-golf-and-box-sets/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 22 Jul 2013 13:52:48 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=93</guid>

					<description><![CDATA[As the world waits for the arrival of a royal baby, it must be a pound to a penny that advertisers are finalising their highly topical ad plans. Does context matter? I believe it does, as two examples from commercial TV’s coverage of cricket and golf illustrate. As I enjoy both sports whenever a major [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>As the world waits for the arrival of a royal baby, it must be a pound to a penny that advertisers are finalising their highly topical ad plans. Does context matter? I believe it does, as two examples from commercial TV’s coverage of cricket and golf illustrate.<span id="more-93"></span></p>
<p>As I enjoy both sports whenever a major cricket tournament or Test series, or a golf major or Ryder Cup roll around I have been known to remain stuck in front of the action for hours at a time.</p>
<p>For the cricket-ignorant amongst you, a match can last a long time, and something approaching continuous viewing is essential for maximum enjoyment. Cricket is rather like a box set amongst televised sports.</p>
<p>We’ve just had a one-day cricket event called The Champions Trophy. Virtually every ad break contained an ad for the insurance company, Aviva starring the actor Paul Whitehouse. Nothing wrong with the ad – indeed this particular execution is part of a long running series starring Whitehouse extolling the virtues of booking direct online with Aviva. As far as I could tell – and believe me I saw the ad so many times over the course of the game that I was by the end ready to do almost anything to avoid it – there was no particular sales message that appeared to be any different in this execution than in others in the campaign.</p>
<p>In other words any Aviva ad with Paul Whitehouse could have run in combination with this latest version over the course of the match.</p>
<p>The same was true in a recent Ryder Cup – this time TV golf fans were exposed to the same ad over and over again for a particular model of Ford.</p>
<p>Watching a cricket match or the Ryder Cup, or binge viewing a whole drama series via a box set is clearly a different experience from average TV viewing. In effect – you’re gripped. Jennie Beck from Kantar presented an excellent paper on this very topic at last year’s asi TV event, in which she demonstrated how the binge viewing experience differs from ‘normal’ viewing.</p>
<p>The point is that the binge viewing audience engages fully with the content, and with the ads within the content, making these opportunities additionally valuable for those advertisers supporting them.</p>
<p>So why not take full advantage? Why not run a series of existing ads, why not build a story? Why not take advantage of the environment in which the ad is to appear?</p>
<p>I suspect that no-one booking time for Aviva (or Ford) gave this a second thought. What I fear the buyers did was book airtime time with zero consideration being given to the execution that was going to appear, or indeed to how often it was going to appear.</p>
<p>Context is important – the right ad(s) in the right place adds value.</p>
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		<title>Why Media Auditors Should Be The Agency’s Best Friend</title>
		<link>https://www.bjanda.com/blog/why-media-auditors-should-be-the-agencys-best-friend/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 16 Jul 2013 11:26:42 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=88</guid>

					<description><![CDATA[If there’s one topic guaranteed to raise the average media agency manager’s hackles that topic is media auditors. ‘Old fashioned’, ‘reliant on out-of-date media metrics’, ‘ill-informed’, ‘measuring the wrong thing’ are some of the phrases chucked around by agency CEO’s who are themselves about as close to the planning, buying and reporting of campaigns as [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>If there’s one topic guaranteed to raise the average media agency manager’s hackles that topic is media auditors.</p>
<p>‘Old fashioned’, ‘reliant on out-of-date media metrics’, ‘ill-informed’, ‘measuring the wrong thing’ are some of the phrases chucked around by agency CEO’s who are themselves about as close to the planning, buying and reporting of campaigns as the average bank CEO is to his customer service centre.</p>
<p>‘Not as smart as us’ seems to me to sum up the average agency’s attitude towards the average auditor.</p>
<p><span id="more-88"></span>But is this fair? No it isn’t. To (mis)quote a phrase, industries get the regulators they deserve. Are auditors able to measure the value of the latest digital stunt dreamed up by the agency? No, probably not. Is the agency able to put a value on the same stunt? Almost certainly not. Or, if they can they generally don’t do so (and measuring success in terms of awards won doesn’t count).</p>
<p>What about the latest agency research tool? Has the auditor taken account of the insights generated? Does the auditor even understand it? I think those are the wrong questions. The right question is: does the planner understand it and has s/he used it/them?</p>
<p>Media auditors are important. They’re hired by advertisers to make sure that the agency is doing its job correctly. In an ideal world, where trust exists on all sides, they might be less important, but within an industry undermined by bad practices they’re pretty well essential.</p>
<p>Given that auditors aren’t going away anytime soon, the trick for the media agency is to work with the auditor, to see him or her as an ally. If the auditor understands what it is the agency is trying to do then the auditor can support the claim to have done the job unbelievably well. If the auditor doesn’t understand (because no-one has bothered to explain it) then guess what? S/he’ll fall back on the one thing that is unarguable – the price paid.</p>
<p>Whenever I hear an agency slagging off auditors I start to get suspicious. The inference is that no-one has any right to examine what the agency has done. That no-one else’s opinion on performance, aside from the agency’s that is, should count for anything. That the agency should not be judged by people who can at least make sense of the gobbledegook and the endless spreadsheets.</p>
<p>I know that clients should be fully conversant with the latest media technologies, but most really don’t have the time nor the expertise, nor to be honest the interest. So they ask an objective outsider to do that for them.</p>
<p>An auditor can be the agency’s best friend. Convince them of your overall wonderfulness, and you’re most of the way there in convincing the client.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Our Friends in Procurement</title>
		<link>https://www.bjanda.com/blog/our-friends-in-procurement/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 11 Jul 2013 09:43:12 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=84</guid>

					<description><![CDATA[Nick Emery of Mindshare was commenting recently in the press about how unfair life is given that he has to deal with advertisers’ procurement officers. His point was that his agency spends months with his marketing clients discussing strategy, and using research to come up with great communications solutions, and then it all comes down [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Nick Emery of Mindshare was commenting recently in the press about how unfair life is given that he has to deal with advertisers’ procurement officers. His point was that his agency spends months with his marketing clients discussing strategy, and using research to come up with great communications solutions, and then it all comes down to a procurement led pitch.</p>
<p>Whilst Nick isn’t by any means in a minority in his concerns about procurement’s influence in the media business, I would question why this is still an issue. How come, 35+ years on from the first media agencies we have all failed to convince advertisers to move this debate along?</p>
<p><span id="more-84"></span>In my experience procurement people are reasonable, intelligent people, hard-working professionals focussed on delivering results for their employers. Indeed, at BJ&amp;A we interviewed a few, very senior heads of procurement for an ISBA study a few years ago. We were commissioned to discuss their views of the market research world, but one of the key findings applies equally to media agencies.</p>
<p>That finding is that procurement officers are prepared to pay for quality; their issue is how to recognise, measure and value ‘quality’ when they come across it.</p>
<p>So &#8211; how come Nick and his peers haven’t managed to convince advertiser procurement departments that quality of thinking is worth paying for? That ‘media’ is far more than just the biggest audience at the cheapest cost.</p>
<p>Maybe it’s because far too many agency people continue to hide behind jargon and a carapace of complexity. The argument seems to run something like this: it’s all so complicated, you can’t possibly hope to understand our world, you should really leave it to us, we know what we’re doing.</p>
<p>Trust us, in other words.</p>
<p>But why should clients take agencies at their word? Aren’t these the very people who are accused, with depressing frequency of not acting transparently, pocketing discounts, broking digital space, sitting on media suppliers’ Boards and the rest?</p>
<p>Without trust it’s surely easier to bring in the procurement specialists, to pare everything back to the lowest common denominator, and to judge the agency on the price paid for media.</p>
<p>For agencies to move the debate along, as they have to do if they’re to improve their margins, they need to change the game. That means understanding what procurement chiefs do and the pressures on them, and then educating them. Agencies need to explain how they do what they do; then open up their costs and revenues to examination; they should explain their tools, the cost of developing them and the value they bring to their clients. They must engage procurement heads, involve them, in short sell to them. Once procurement professionals understand what &#8216;quality&#8217; in a media context is, how to define it, and how to measure it they’re far more likely to buy it.</p>
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		<title>Playing Catch-Up with Jonathan Ross</title>
		<link>https://www.bjanda.com/blog/playing-catch-up-with-jonathan-ross/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Mon, 08 Jul 2013 14:56:06 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=78</guid>

					<description><![CDATA[Sky, via their spokesman Jonathan Ross was for a while all over our screens, and all manner of outdoor sites promoting the wonders of the Sky catch-up service. Actually I haven’t seen him for months but as this is a new blog I’m playing catch-up too. Another first – the catch-up blog. Ross made the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Sky, via their spokesman Jonathan Ross was for a while all over our screens, and all manner of outdoor sites promoting the wonders of the Sky catch-up service. Actually I haven’t seen him for months but as this is a new blog I’m playing catch-up too.</p>
<p><span id="more-78"></span></p>
<p>Another first – the catch-up blog.</p>
<p>Ross made the point that these days it’s easy to watch Sky on all sorts of devices – laptops, tablets, phones. Stuck on a train? Lucky enough to have remembered your headphones? Foresightful enough to have charged your device? Then you’re in luck! Turn on, tune in, enjoy. Just don’t react in such a way that disturbs your fellow passengers – that would never do.</p>
<p>All of this is very impressive, but the bit in the TV ad that caught my attention and made me look up from the 2<sup>nd</sup>, 3<sup>rd</sup> and 4<sup>th</sup> screens balanced respectively on my knees, the sofa and the dog’s head was Ross’ point that you no longer have to watch your favourite shows on a little itsy-bitsy screen – now, with Sky catch-up you can (I paraphrase, and these are my italics) <b><i>‘snuggle up with your family and watch the whole thing together on the big screen’</i></b>.</p>
<p>Hang on. I thought that these days TV was all about individual viewing. The audience locked away in individual bedrooms or studies with their own TV’s or monitors watching different things at the same time. I thought the days of the TV as a purveyor of shared experiences was long gone. What about all those charts from all those people banging on about personal viewing experiences? What about all those images of teenagers’ bedrooms kitted out with every electronic device known to man?</p>
<p>And yet – yesterday (we can do ‘current’ in this blog too you see) 17.3 million (at the peak) watched Andy Murray at Wimbledon. And I bet most of them were watching via the good old TV. Anyone watch Wimbledon on Twitter? Thought not.</p>
<p>Yes family members might be engaged to a greater or lesser degree. Yes they might be tweeting, on Facebook, whatever. But this was always true. Substitute the words ‘reading a magazine’ for tweeting and nothing much has changed when it comes to paying attention to what’s on the big screen.</p>
<p>But the family watching catch-up TV together as a unit? Sky has reintroduced us to family viewing and has brought an iota of communal civilisation back into a world dominated increasingly by personal electronic devices.</p>
<p>&nbsp;</p>
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		<title>Media Man Slams Media Numbers Shock</title>
		<link>https://www.bjanda.com/blog/media-man-slams-media-numbers-shock/</link>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Thu, 04 Jul 2013 09:13:09 +0000</pubDate>
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		<guid isPermaLink="false">http://www.bjanda.com/blog/?p=71</guid>

					<description><![CDATA[‘Gottlieb slams arcane media metrics’ shouted the headline in ‘Campaign’ the other week (yes, this is a new blog and we’re playing catch up). For those of you who missed it, Colin Gottlieb of Omnicom Media Group was speaking at some media conference or other. True to form he was soon joined on this particular [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>‘Gottlieb slams arcane media metrics’ shouted the headline in ‘Campaign’ the other week (yes, this is a new blog and we’re playing catch up). For those of you who missed it, Colin Gottlieb of Omnicom Media Group was speaking at some media conference or other. True to form he was soon joined on this particular bandwagon by sundry other agency principals.</p>
<p><span id="more-71"></span></p>
<p>Employing the Question Time principle, Colin took aim at the easiest target out there. If he’d been a politician he would have slammed tax-avoiding corporations, or bankers and received a huge cheer. But he isn’t, he’s a media man and so he had a whack at media numbers.</p>
<p>Now I started my career as a media researcher (hard to tell, I know). I sat on numerous industry committees discussing how best to measure readership, or calculate TV ratings. A bundle of laughs it certainly wasn’t, I can tell you. As I was an agency representative I thought it appropriate, indeed responsible to ask my peers in other agencies what they wanted, what they thought. We had meetings about this, at the IPA. And I can tell you the response was a deafening silence. Apathy filled the room.</p>
<p>I coined a phrase I used in the days when I spoke on conference platforms. I’ve been looking for an excuse to resurrect it: “Media agencies know exactly what they want from media research until you ask them.”  I was rather proud of it at the time.</p>
<p>The fact is agencies don’t know; but they do know they don’t want what they’ve got.</p>
<p>Oddly, the same week that Colin stunned the media world by attacking the media numbers his staff use every day I attended a presentation by Ipsos of the latest European Media Survey. This was held at The British Museum (insert your own joke here) and a most hospitable occasion it turned out to be.</p>
<p>After the results had been presented – rather sweetly Ipsos aren’t allowed by the sponsoring media owners to comment on trends by publisher, so they just put the charts up in silence – a panel of ‘industry experts’ were quizzed by the Ipsos presenter. Two from GroupM, one from Zenith; one systems guy, two researchers, no planners (who might be expected to use this sort of data).<br />
Everyone seemed to introduce any remark with ‘what our planners need is…’. If the planners are so opinionated about the intricacies of the EMS – which I very much doubt, then why didn’t any of them turn up and express their opinions?</p>
<p>I came away thinking that it was rather depressing that the media research world hasn’t moved along much since…well since ever. Ipsos just asks the questions so you can’t entirely blame them.</p>
<p>Sadly no-one from Colin’s agency was on-hand to show the industry the way ahead.</p>
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		<title>Welcome</title>
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		<dc:creator><![CDATA[Cog Blog]]></dc:creator>
		<pubDate>Tue, 02 Jul 2013 11:37:25 +0000</pubDate>
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					<description><![CDATA[Hello and welcome to this first edition of the BJ&#38;A blog written by me, Brian Jacobs. As this is the first ever a few words of introduction seem appropriate. My aim is to produce one edition a week – an aim that might appear modest to you but I can assure you seems from here [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Hello and welcome to this first edition of the BJ&amp;A blog written by me, Brian Jacobs. As this is the first ever a few words of introduction seem appropriate. My aim is to produce one edition a week – an aim that might appear modest to you but I can assure you seems from here to be suitably challenging.</p>
<p><span id="more-10"></span></p>
<p>Why do a blog at all? Because there are so many things going on in the advertising, media and research world that delight (not so many to be honest), irritate (a lot), and annoy (far too many) and on which (if only for my own benefit) I feel the need to comment. Certainly I could fume away in a corner somewhere, but in just the same way that everyone feels better after a good rant so you feel somehow better after sharing. I say ‘sharing’ – I am rather hoping that the simple act of writing stuff down will do the job. Having any readers at all would be a bonus.</p>
<p>There’s one other reason to do this. I’m easily flattered and so when I saw fit to comment recently on some industry absurdity on LinkedIn I was pleased to receive a note suggesting I start a blog and encouraging me to do so. So here we are.</p>
<p>You can comment on this blog, and if you follow me on LinkedIn, Facebook, or Twitter you’ll find out when the new instalment hits the streets, or to be correct the BJ&amp;A website. You can also find old editions there.</p>
<p>I hope that sometimes this spot will feature guest bloggers – this all depends if I can convince anyone to do something that takes time and for which they will get precisely nothing except for a misleading sense of fame from seeing their name in print. So – best to assume that what you find on here is by me.</p>
<p>I’m a great believer in joining up the dots. This is an easy thing to believe in – it means others do great work and I get to pick the best bits to fit together with other smart people’s best bits. It’s why we feature a cog motif on the website, cogs are small wheels that make bigger wheels work better together, and anyway a cog is a more elegant motif than a picture of some dots joined up.</p>
<p>It also means I can call this the cog blog, a brilliant example of assonance I’m sure you agree. Or you might decide that this is a blog written by a cynical old git. Whichever – cog it is.</p>
<p>See you back here soon.</p>
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