Of advertising agencies' penchant for jumping on the latest trend and playing buzzword bingo, Bob Hoffman writes, "Every agency also becomes expert in this new miracle, and starts up a department to specialize in it. They 'brand' it (i.e., give it a stupid name) and develop a pseudo-proprietary flavor of this miracle. Although what they do is exactly the same as what every other agency does, their flavor usually contains some kind of highly-evolved methodology with circles and arrows and dotted lines and feedback loops. In other words, it’s a muy grande bullshit burrito." And this is exactly what happened when agencies adopted account planning, when they jumped into social media and when they hijacked the "muy grande bullshit" du jour, big data. But the important thing, and the point Bob drives home is that the only thing that matters is, wait for it...the Big Idea. He writes, "The only real miracle we have in our bag of tricks is the creative one. It’s the only one we’ve ever had." Is he right?
Gleefully jumping on the Owned, Earned, Paid media bandwagon and giving us an example of the aforementioned propensity for
agencies to jump on the latest trend and play buzzword bingo, New York-based Jun Group has announced the launch of its "owned advertising" product; a sponsored content ad unit called Overdrive. Yeah,
they're calling, incorrectly, the practice of sponsored content (which is actually paid media), Overdrive. In fact, they also refer to the new unit as a form of native advertising which, by
definition, is paid advertising. A press release screams, "For the first time, brands can promote their owned-media properties without having to use display or worry about being in non-premium
environments." Obviously they haven't heard of OneSpot. Or Outbrain. Or Sharethrough. Or Nativo. Granted, every offering is a bit different but an ad unit that looks like editorial that clicks through
to branded (and owned) content is nothing new.
So people get hired, fired or promoted all day long. It isn't really news although it is nice to read about where our industry mates have landed. But what's even more interesting is to read what their new bosses have to say about the hire. Get a load of this quote from Ketchum CEO Rob Flaherty who just promoted Paul M. Rand to chief digital officer. Flaherty said, "The enhancement and consistent delivery of digital and related services at a world-class level are an essential element in reinforcing Ketchum as a go-to resource for sophisticated, effective, trend-setting campaigns across the increasingly important 'PESO' spectrum of paid, earned, shared and owned channels." OK, really? PESO? Seriously? Um, shared is the same as earned but we suppose Ketchum needed to add shared so they could tout their ridiculous PESO acronym. Who comes up with this crap?
Here's one the women will love. At The Three Percent Conference, a conference which aims to change the fact that just 3% of creative directors are women, a panel made up of men to discuss how they helped mentor women with their advertising careers got cat-called as they walked on stage. Adrants, which is on the ground covering the conference, tweeted, "All male panels gets cat-called at #3percentageconf Hilarious!" Hilarious, indeed and probably about time after years and years.and years of demeaning women in this same manner.