A couple of weeks ago I had lunch with an at-the-time hopefully future client. We had shared some early thoughts on how to help their brand grab a substantial share of the very competitive market they are in. One representative said we had to forgive him for being very skeptical of an industry that “only wants to win awards.” He didn’t express this in a disrespectful way leaving me the chance to respond, and there is a very good response indeed.
We know that advertising works. But we also know a great deal more about what type of advertising works and why. Many advertising greats, often equipped with acute observational skills coupled with a large dose of empathy, always knew this. Obviously it would only pass as ‘being pretty sure’, whereas now we know that creativity really matters in business.
No one buys an ad. I should hope. You invest in better business results and advertising is a means to that end. It drives short- and long-term results. The two are tightly linked, and one might argue there’s not one without the other. We know increasingly more about why this is, thanks to an increasing amount of research on advertising effectiveness. CMOs, agencies – marketeers in general – should keep a keen eye on this, because otherwise we’ll never know if all we bought was an ad.
This is very well described and exemplified in ‘The link between creativity and effectiveness’, published by the IPA in 2010 (you can find the report here). In fact creatively rewarded campaigns are on average 11 times more effective than less creative campaigns.
Pretty good news for anyone responsible for investing in better business results. And pretty interesting to then look at one’s own advertising, and analyze and reflect.
So far so good. But based on my subjective experience, I find it a bit strange that you meet so few CMOs, heads of marketing or advertising, who actually know about these things. Especially in a B2B context, which isn’t as different from consumer as many people would have you think.
Why is this?
Shouldn’t this be as prioritised in clients’ organisations as it is in agencies?
by Olle Svensson
Cross-posted at Ignite Something on the Forbes CMO Network