Advertising agencies are a part
of many mainstream events that take place in our communities. You see their
active involvement in sports, creative projects, corporate social responsibility,
promoting of arts and theatre, but there is one area that we don’t see their
contribution. We see a shift in paradigm where small and medium enterprises are
concerned; communities rally around to support these mushroom companies – but
why haven’t advertising giants stepped up into this role?
Benefits to the Advertising Agency
We've all heard the old tune of
technology taking over advertising, and of course, advertising agencies do not
need to shift their business into tech-engines. However, there is an added
benefit to merging the creative thinkers with the tech geniuses to reform the
culture of Advertising Agencies.
What are the benefits for the advertising
agency? First, the agency will be able to understand current trends, platforms,
channels, and services so that they will be able to recommend the best channel
for their customers. With the thousands of advertising agencies, the edge each
will have is how well it will drive revenue, resulting in the best use of
marketing dollars – if you aren’t up to speed with the global trends, how will
you keep your customers informed?
Why Start-ups?
Agencies are now allowing their
top talent time off to pursue their ideas for start-ups – it could be seen as a
way to retain team members and energise them for tasks ahead. Advertising
executives will then be exposed to new trends and thoughts, and have productive
partnerships that can ripple into successful business ties as well. Having
exposure to other industries and businesses can stir up creativity and reinforce
new ideas.
If you’re familiar with startups
you may have been exposed to its vernacular like ‘hack-days’, ‘open-sourcing’,
‘incubators’, ‘collaboration; and ‘accelerators’; apart from these fancy words,
we do see a lot of good that comes out of business disruption. Their ideas are
working. Innovation is happening. If you need to borrow ideas that stem from
these concepts, you need to be a part of that.
Benefits to Startups
We need to celebrate these
ventures that are bringing betterment into our societies. We believe that this
can happen when you bridge the world of Startups companies and bigger brands.
Advertising agencies must be seen as a ‘breeding ground’ that will harness the
potential of disruptive ventures. These agencies are full of salesmen,
storytellers, entrepreneurial brains, and lateral thinkers; simply, they have
the power to unravel mysteries into plain truth. This unique combination should
be where brilliant ideas are formed and forged. There is an element of money –
but not all ideas need money in the formative stages. However, there is also
the fact that advertising agencies can build solid pitches to fund their ideas.
Conclusion:
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