Filed under: ad agency,advertising,cmo,Internet,social media,Twitter,web 2.0
One of the new business friends I’ve made on Twitter is an agency in Pittsburgh called Fitting Group, run by Andrea Fitting. Check them out at http://fittingroup.com. We found each other based on our mutual interest in and work with challenger brands, or big category-leading companies who need to change and can learn from challengers.
Anyway… Andrea wrote a blog post referring to a January 2011 Fast Company article, “Mayhem on Madison Avenue.” In “Mayhem” (and numerous articles just like it) the author essentially explains how and why digital marketing – particularly social media – will precipitate the extinction of advertising agencies. And while she did spend four years at an ad agency (during which time I’m sure she saw plenty of function and dysfunction), the writer has never been a client, let alone a CMO.
Andrea called her blog post “Calling All Chief Marketing Officers (or Those Who Play Them on TV)” and asked several CMOs to read the magazine article and offer our points of view. Here’s mine (as posted on the Fitting Group site).
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Personally, I think the hype about social media being different, experiential, never finished, “perpetual beta…” is hooey. Or rather, the process of smart learning for a CMO is – at a high level – unchanged.
Every channel, every communication vehicle, every media outlet and interaction capability… each has its own ways and rules. TV had its own ways and rules we CMOs had to learn. Email. Radio. Whatever. Now it’s today’s version of social media – it is a living channel with its own characteristics, feedback loop, expectations, organizational demands – all new to the channel, but not a new way of approach to assessment and action for the good CMO. For the great CMO, everything we do lives in a state of constant learning and improvement – it’s how we work with our CEOs, CFOs and teams every day.
And as with all things new, a CMO will always seek real experts and advisors who understand the organization in which s/he operates, can help build a case for new initiatives, can help shorten the organization’s learning timeframe and get sustainable initiatives up and running. Oh, and help the CMO look and feel smart and confident.
The problem is NOT that ad agencies SHOULD be moving toward extinction. It’s quite the opposite: CMOs need and welcome the help. The issue IMO is that too many analysts and agencies are stalled in the shiny object phase, where social media is new and exciting and OOH! look at that Facebook page, and see how smart I am, etc. etc. – as opposed to truly understanding the client’s brand, objectives, operating environment, organizational/budget limitations, the various stakeholders whose concerns must be addressed… all the factors that make an agency a true partner vs. a hit and run “guru” who has no real interest in the less flashy parts of the world in which the CMO operates.
Agencies that can do that will be in business forever – whether the topic is social media or the next big thing or the next one after that.