Overall, some interesting questions/ideas put forth.
Overall, lacking in connecting the dots and attempting to talk about the answers/implementation.
At some point, I’ll do a detailed summary, but here are my big questions/takeaways:
“We can no longer talk at consumers, we have to engage them in conversation”
So why is this conference a series of lengthy panels where people who supposedly ‘have the answers’ are talking AT us, instead of facilitating a conversation WITH us?
“In the future, agencies must collaborate – we can’t be great at everything so we have to work together”
Why aren’t agencies sitting down, right now in small groups talking about how we can better work together?
“Talent is the most important factor in an agency’s success”
Where in the hell are the people under 30 (other than the VCU AdCenter students who were the brightspot of this conference)? If we’re talking about the FUTURE of Marketing, why didn’t every executive in that room bring a junior member of his or her team?
**Best piece of information from Andrew Benett, CSO at Euro RSCG: Management Consulting firm, McKinsey spends 12,000 USD annually on its employees development and training. Guess how much the ad community spends, on average? Less than $100.
"Agencies are going to need people from all sorts of disciplines to be able to approach brands in a multifaceted way."
Why do you still need a book to get a creative job? Why aren’t the activists and engineers at the creative table?
“Agencies need to solve business problems, not just be suppliers of communications, let’s be involved in the conversation at the start of the brand building”
Let’s think about whether agencies have the credibility to do this? Can we be McKinsey or Bain? Do our creative teams have the training and knowledge to do more than create commercials and quirky viral videos? Can an Art Director solve business and social problems? Do agencies invest enough in talent so that they can keep the good folks? If so, how can we prove this to clients
A few suggestions:
- The Future Marketing Summit should be a series of roundtable conversations, whereby attendees and thought leaders (from a range of disciplines, not just ad agencies) have conversations with the purpose of coming up with solutions, not just talking about ideas.
- Advertising needs to shift its focus from the singular BIG IDEA and to the INTEGRATION of the IDEA and its APPLICATION.
- If advertisers are going to gain credibility and solve business problems, the agency model needs to be seriously reworked to include talent from disciplines outside traditional communications fields.
- Agencies are too top heavy and need to invest more in grooming and nurturing junior staff.