The
agency of the future, said Nancy Mullahy, exec VP-managing director,
Starcom MediaVest, "will have the capability of buying Google." But it
won't. "Instead of engaging in a fiercely competitive bidding
war [for Google], they will choose to work with a start-up, one that
transmits digital imaging directly on to any surface in any home.
They'll be the first agency to sell the fourth dimension in visual and
surround sound for the images projected into the home.
The agency of the future will be happy to place the imaging within
monitors, home appliances, on the side of a measuring cup, in
traditional books, on the side of glass."
Everything Ms. Mullahy needed for dreaming up this powerful
yet adaptable media agency she learned in her 19 years at MediaVest. As
the latest speaker in the Ad Women of New York's Boardroom Breakfast
series, she recently shared her insights into the core values that will
help agencies survive the ever-changing media environment and
eventually lead the industry.
Ms. Mullahy, who spent time in countries during times of strife and
change, discussed five points she culled from those experiences she
feels will be hallmarks of the agency of the future.
"Focus on the flyers" was Ms. Mullahy's first lesson. As an
exchange student in Panama during the early '80s when Manuel Noriega
came to power, she watched as TV stations were censored and newspapers
shut down.
Order from disorder
"Within disorder," she told AWNY members, "options appear that were
never considered before." For the Panamanians, that came in the form of
flyers printed out of offices and word of mouth that eventually made
the international press take notice. For media agencies today, the
importance is not to focus so much on what is lost -- the 30-second
spot, say -- but rather what the new product will be that will get the
message out.
Lesson two was derived from Ms. Mullahy's 1994 sojourn in
Russia when the marketplace was freshly cracked open and advertising
"was a means to attaining distribution." Product presence on TV or
radio was a sign of permanence and the rush to get a product's name out
into the public often meant there was not much time to consider
creative. Meanwhile, visiting Western marketers would ask for
benchmarks and updates on the competition. As Ms. Mullahy put it: "When
you are creating history, when there aren't any models that exist and
people are trying to create paths to look for benchmarks, to look for
case studies, to look for what your competition is doing means you are
already late."
While she recognizes that some clients would be reluctant to
consider an "act and then validate" approach, Ms. Mullahy maintains
that metrics will follow the great innovations and great innovations
will well serve an agency long before the metrics will be put in place
to quantify them.
Agility and imagination
In 2000, Ms. Mullahy was in Mexico
as the head of Starcom Mexico, then the second-largest media agency in
the country. Over the course of the next three years the company nearly
tripled in size. The key to its growth? Agility and imagination.
"We had to go out and be agile and flexible in terms of what
we able to do. We had to move on answers for every single client and
what we didn't offer, we had to imagine and create," she said. She
feels these two qualities are imperatives for agency longevity.
The fourth lesson came from Chile in the late '90s when
cellphone companies flooded the country and Chileans were quick to snap
wireless gadgets up. When the government, concerned for traffic safety,
started to enforce a law disallowing driving while chit-chatting on
mobile phones, it discovered that many of the phones Chileans held up
to the ears didn't even work. The adoption of the technology was way
ahead of the capability to use it. What Ms. Mullahy wants media
agencies to embrace is the idea that "consumers are seduced by
technology, even if they can't use it." They will respond and adapt to
advances in technology, just as technology that lasts will respond and
adapt to the consumers.
Ms. Mullahy returned to the U.S. for the setting of her final
lesson. In a recent visit to her sister, Ms. Mullahy watched as her
2-year-old niece surfed the Teletubbies website and reflected on the
learning process of trial and error.
Capacity to learn
Today, the prevailing approach is to "just pick things up and mash. How
else do you get to level 15 in a game?" she said. The take-away for
agencies is the idea that "it's not what you know today, it's your
capacity to learn tomorrow." Continual investment in education will
keep any agency on top.
"It's hard to imagine," she said, "and it's hard to learn and
it's hard to act and then validate, but I think the agency of the
future will have all these attributes and they will be successful."
(Source: Advertising age)
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