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Published byPiers Fields Modified over 9 years ago
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James May Chief Strategy Officer ADV Marketing Communications Group Large-scale integration of various disciplines in Advertising: New Model of Integrated Marketing Communications or Blast from the Past?
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How much does advertising cost?
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Jeff Bezos, Founder of Amazon.com (14 th most valuable Brand in the World - $37.6B – Source: Millward Brown) “Advertising is the price you pay for an unremarkable idea”
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A recent history of Communications Planning Full Service Agencies Integrated Communications Media Independents Digital Specialists ?
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No. Digital is not simply just another medium
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The old way of doing things… Storytelling Buy Reach Create Engagement The more REACH you buy the more your campaign can create ENGAGEMENT Talking at Consumers
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The new order… Create Useful Consumer Platforms Deliver Value Win/Earn Reach The more ENGAGEMENT your platform creates the more REACH you win Talking with Consumers
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Communication in the past… Interruption Single Message One way
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…and now Interruption Single Message One way Interaction Multiple Messages Many 2 Many
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The 80/20 Rule reverses… We used to spend 80% on distribution (Media) and 20% on content (Production) We will now spend 80% on the content (Platforms) and 20% on distribution (to drive traffic)
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A Digital Strategy can transform a brand Meets Unrecognized Needs (Transformation) Create Evangelism Create Loyalty Create Satisfaction Meets Desires (Success) Meets Expectations (Survival)
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An mp3 played creates satisfaction, it meets expectations…
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An i-pod, with its consumer interface, i-tunes and so on meets desires (and creates loyalty)…
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An example of meeting unrecognised needs?
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Consumers are taking control of the traditional Brand/Marketing Mix… Product Price Place Promotion
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…and demanding more, much more Product Price Place Promotion Personalisation
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Price is a given but consumers now also demand performance Product Price Place Promotion Personalisation Performance
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A shift in Brand Equity…. Brand ≠ what it says
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A shift in Brand Equity…. Brand ≠ what it says Brand = what it does Value + Content it delivers x What people say about it
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WIIFM?
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It’s no longer simply about the place a Brand is sold… Product Price Place Promotion Personalisation Performance Position
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…and finally people want to get involved Product Price Place Promotion Personalisation Performance Position Participation
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750,000 people installed Lipton tea plants and made 50,000,000 packs of tea
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Not a ‘Blast from the Past’ but a New Model… Owned Equities a Brand has, both Virtual and Real-world Earned Actions taken by the Brand to get itself talked about Paid Investment made in Content and paid-for Media
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James May Chief Strategy Officer ADV Marketing Communications Group
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