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#BizTrends2020: Adapting to a new business paradigm
Adam Byars, joint-CEO and partner at GRID Worldwide.
The challenge for advertising and branding agencies is how to position themselves and how to operate within a system which is under so much pressure. Perhaps most importantly, how do they use creativity to make a difference in this new paradigm?
The Fourth Industrial Revolution (4IR) is a reality. If anything, it will only gain momentum in the years ahead. Advertising and branding agencies, like many other industries, will need to embrace automation while ensuring that creatively original ideas…
The Fourth Industrial Revolution (4IR) is already having a hugely disruptive effect on all aspects of our lives, but will arguably have the most profound impact...
There is little doubt that there is a tension between the industry’s current operating models and ways of working and what we will be faced with in the future.
The question advertising agencies need to ask themselves is how they intend to operationalise themselves to be future fit and to ensure that their clients remain relevant in a 4IR world given that the rules of brand and customer engagement have changed significantly.
Carmen Murray is curious about applying true grit to brands...
Carmen Murray 15 Aug 2019
The priority for the industry in 2020 will be to define a formula that ensures businesses are future fit while still retaining their ability to deliver great creative work and grow their businesses both from a talent and operational perspective.
To be sustainable in the future, agencies need to evolve their offering beyond the traditional: it’s no longer enough to offer a big idea for a TVC or radio spot. Going forward, agencies have to stop thinking in such a linear fashion. Instead they need to embrace big platform ideas that extend across the spectrum.For some time now, Grid has been offering platform thinking as opposed to a single big idea.
Platform thinking for seamless experience
Platform thinking extends far beyond the remit of traditional advertising.
Treat learners like platforms that can grow in intellectual potency to levels never imagined possible as opposed to pipes that are bounded by their very nature...
Edzai Conilias Zvobwo 25 Feb 2015
Essentially, it’s about building a sustainable multi-platform offering using big idea thinking to push through the message while at the same time ensuring that there is a seamless customer experience across all the brand’s various touchpoints, including a seamless experience between digital and analogue.
Underpinning this platform thinking is an operating model we call ‘investment creative’. More than a philosophy or a mere statement, investment creative is literally our operating model, one that allows us to continually remain in beta. It acts as the central pivot of our business and helps us to better understand the world around us.
In a move to cement its strength in the investment creative space, Grid Worldwide has acquired Openco, both of which form part of award-winning collective TBWA\South Africa...
TBWA 24 Apr 2019
In addition to impacting the agency, we also translate that model to our clients’ brands and businesses and link it to specific metrics such as our clients’ share price, equity, purpose, meaning and even brand love – the very same metrics that underpin our own business.
The investment creative operating model allows the agency to invest in the creative product to deliver specific measurable returns, in the process ensuring that the agency is future fit and able to adapt to the demands of the 4IR.
While the industry – for the most part – has generally been fairly hesitant to embrace technology, it has its place in terms of better enabling ideas, execution and driving scalability. We don’t consider it something to be feared, but rather to be embraced.
Adam Byars, co-MD and partner at Grid Worldwide, who recently took part in a panel discussion at the Sunday Times Generation Next conference, tells us about the good work HDI is doing in the youth marketing space and that even the best marketers can learn something from its Junior Board of Directors...
Jessica Tennant 26 Jun 2018
We’re also very clear, however, that technology must not be at the expense of losing our unique offering, which is creativity.
How agencies adapt to this new world will determine both our relevance and our sustainability in the future. There is no doubt that agencies that fail to take cognisance of this changed landscape and are not putting measures in place to ensure they’re equipped for the future are jeopardising their future sustainability.