| "Meticulous and tenacious, blessed with a stable
management team that has been in place since the companys opening
day seven years ago, MindShare is Advertising Ages Global
Media Agency of the Year. More than any of its rivals, MindShare in
2003 won a wide range of new business, orchestrated global client
relationships and developed innovative media strategies. The previous
years winner was Omnicoms OMD," says the article
featuring MindShare.
The award for MindShare caps an outstanding year in terms of recognition
from various titles including Media magazine (Media Agency
of the Year Asia Pacific), Ad Week (US) and Campaign and
Marketing (UK) among the others. The awards lists also includes
EMVIE Awards from India.
As per the coverage in Advertising Age, the gross wins for
MindShare in 2003 stood at $1.54 billion while the gross losses
were evaluated to be $316 million. The net win for the entire year
was $1.22 billion. Three account gains from Asia Motorola
and President Foods from China, and Unilever Thailand are among
the major wins while the major losses from Asia were Unilever Japan
(planning only), and Siemens China and Singapore.
"A surprising one-quarter of new billings came from China,
where MindShare has a phenomenal track record and leadership position
in the worlds fastest-growing media market. Another source
of growth is a steadily increasing share of Unilevers business
around the world. MindShare is the winner of 15 of Unilevers
last 17 country reviews," says the article in Ad Age.
On the importance of China, Mark Patterson, MindShares Hong
Kong-based CEO, North Asia, has been quoted as saying, "China
is one of our top three or four markets around the world in its
contribution to the business."
"Our view is that the overall balance of worldwide activity
is shifting toward China, India and other developing markets. (Chinas
ad market) will double in five years in terms of media billings,
as well as media sophistication and availability of different channels,"
said MindShare CEO Dominic Proctor.
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