Yo, creatives. And account people. And media people. And, yeah, agency founders. You're just not that important to the ongoing wellbeing of your agency. A new study from University of Texas
Assistant Professor Sekou Bermiss made an interesting discovery. It's the Joan Hollands of the ad world that keep things afloat. Speaking to Harvard Business Review, Bermiss explains: "We separated the executives into two groups --
internally facing people in charge of things like production, HR, and finance, and externally facing people like account executives and creative directors. Then we measured the effect of their
departures on firm survival. Losing people from the first group -- the internally facing executives -- was significantly more damaging than losing people from the second group." Yup, that's right, you
hotshots in creative, media and Account service. You are not as irreplaceable as you might like to think.
Would you entrust your marketing to a 15-year-old? Well, one marketer in Sweden, educational institution Kunskapsforbundet, is happy to hand the marketing of three of its upper secondary (highschool) schools over to five 15- to-19-year-olds. Figuring people the same age as those being marketed to might relate better to the target audience and create better advertising, Cordovan Communications has launched a new, seemingly unnamed agency staffed by kids. To allay fears these kids will simply sit around Snapchatting and Whatsapping all day long, Cordovan will provide good, old-fashioned adult supervision. Of being selected to work at the agency, 17-year-old Markus Petterson said: "For me, working with art and design is really a dream come true. Working at Sweden’s youngest advertising agency is the perfect step towards such a career. Despite my young age, I have some experience of working life and think I can add greatly to Sweden’s youngest advertising agency. I already have a lot of ideas that I want to share." Now, if only agencies would hire Baby Boomers to market to Baby Boomers who, you know, have the highest disposable income of any demographic group. Sadly, that'll never happen. After all, just how hipsterific can an agency be with a bunch of gray hairs wandering the hallways? And, really, anyone over 40 is, like, so stupid.
Daily Dot Media’s growing creative agency has added two new hires -- David Flynn, most recently director of VICE’s ad network for the U.S. and the Americas; and Chris Boyles, formerly of Razorfish and Digitas. Flynn will serve as Managing Director from the Daily Dot’s New York City office, and Boyles as Creative Director of the Daily Dot’s in-house agency from the company’s headquarters in Austin, Texas. No word on whether or not Flynn or Boyles are over 40.
Fully embracing the ad industry's biggest cliche, Dare CEO Sean Thompson is leaving the agency to pursue a career in filmmaking. Of the shift, Thompson said: "My time with Dare has been a wonderful experience. The people, the clients and the work we’ve been able to produce together have made me hugely proud. It's now time for me to pursue a personal dream and start a new venture that marries film narrative and digital experience. I wish them all the very best and will watch their progress with great interest." Oh now, come on, Sean. No, you won't. You can't wait to get out of the agency world and start hanging with the "Hollywood" crowd, right?
David Murdico, creative director and managing partner of Supercool Creative Agency puts forth a solid argument as to why startups should pay agencies more than brands do for the same work.
First of all, he notes a startup is an unknown entity and no one has ever heard of it before making it all the more difficult to create the necessary marketing program to achieve awareness and sale. He notes startups are generally more demanding than established brand marketers, often times because so much is at stake.
Perhaps the biggest problem area when it comes to crafting marketing for a startup is that up until the point the startup reached out to an agency, everything about the startup has, thus far, operated in an echo chamber with scant few nodding and bobbing their heads in agreement without truly vetting the idea or how the idea will be perceived in the real world.
Another challenge when working with a startup? They tend to change their mind a lot about, well, everything. And that can be a gigantic time suck. Check out Murdico's entire list here and file it away in your back pocket for use the next time you consider working with a startup.
This is gold! Gold, I tell you! And it's arrived just in time. As we all mourn the loss of our beloved Mad Men characters, they have been given renewed life, in the form of a Tumblr blog, as
digital natives spewing all the usual buzzword bingo that's so prevalent in today's marketing landscape.
Taking on the form of animated gifs, we have Don informing his secretary: "The future of advertising is socially integrated digital platforms." We have Peggy commending a co-worker saying: "Nice branded social post, bro." We have Don asking Peggy: "But does it work as a pre-roll." We have Don reacting to a proposed "Tinder-powered drone." We have Pete telling Don: "The CTRs need optimizing for behavioral targeting of Millennials."
And on and on and on. Brilliance.
Oh for f*ck's sake! Stop. Just please stop! Every ridiculous addition to the CxO title space just dumbs down the importance of the core four: CEO, CFO, COO and CIO. Maybe you can add CMO and CCO to
that list -- but chief data officer? Chief customer officer? And now...wait for it...chief native officer?
Yeah. Chief native officer. Or at least that's what Forbes Contributor Daniel Newman would like to see instituted. Newman argues that the merging of paid and earned media requires this CxO style oversight.
He furthers his point, writing: "The biggest reason to get a Native Officer is that while digital agencies and publishers work together, they don’t necessarily do so as a team. In fact, there are instances where they don’t see eye to eye. While publishers are great at creating content, they can treat branded content like a 'second-class citizen.' On the other hand, digital agencies consider themselves star content creators for brands. In such circumstances, there’s a pressing need for a 'dedicated task force' to exploit native ads to their fullest potential. The CNO should lead this pack, guiding the brand towards rewarding native advertising campaigns and best practices."
So what say you? Do we need the chief native officer?
Sort of like food brands still pimping low fat/no fat products when studies clearly indicate the human body needs fat, the office management world is still pimping open office space when many studies have shown it's a less productive solution than
more traditional office space.
That's not stopping the latest trend in office space, the Superwide. Superwide office space is large, one floor office space consisting of 100,000 square feet or more. Of the trend, Brookfield Property Partners Senior VP Duncan McCuaig said: “Large floors are absolutely in demand.” And “right now there is very little of this product in the city,” he added, referring to Manhattan.
Adam Kansler, managing director at financial data company Markit, loves the open office concept and says: “There’s something that gets lost” when a company is on multiple floors. You don’t get the same random moments of seeing someone from across the way, hearing that they’re working on a project, and saying, ‘Oh, I’m going to stop by.’ ”