Presentation given by Ian Priest, IPA President, at the IPA's Eff Festival - a one day conference challenging conventional thinking on the value of creativity.
4. Adapt for better commercial creativity
Who are we talking to?
The marketing and communications industry
What do we want to achieve?
Better commercial creativity
Why?
To reshape the business model to reflect an evolving and dynamic
industry
How do we do that?
By adapting faster and better in 5 key areas
5. The 5 key areas
A Alliances
less pitches /more partnerships
D
Diversification
less one-dimensional/more multi-dimensional
A
Agility
less set piece/more real time
P
Profit (Payment/ Procurement)
less time-based/more value-based
T
Talent (Technology/ Training)
less traditional/more diverse
10. The value of long-term
partnerships
2013
3 cars in the top 10 list of best-selling cars of all time
1950
11. The cost of pitching
Agencies
Large
agency
99 days
Clients
£178,000
Clients estimate their
internal pitch costs
amount to £31,756
Debbie Morrison, ISBA
Medium
agency
Small
agency
72 days
£90,000
It takes 6 to 9 months to
bed down a new
relationship
47 days
£65,000
Source: IPA/ISBA New Business Survey 2009
David Magliano,
The Co-operative Group
14. Your thoughts
1. How does value of relationship link to value of
creativity and business impact?
2. Can the Effectiveness Awards 2014 demonstrate
the correlation?
3. Your views/inputs to my wider agenda