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How
has the TV, advertising and media business changed?
Ramani:
The last 12 months have been very significant for the industry -
in fact, I would say it was a revelation. It is good in a sense
because the advertising industry is constantly going through a phase
of evolution. One must remember that metamorphosis never happens
for the wrong reasons - a new order always emerges.
As
far as the television advertising is concerned, the women in the
active age group (15-45 years old) still control 70 per cent of
the spends. They still dictate where the ad money will go.
Earlier,
clients tended to believe in brand building but lately the focus
has changed. Clients are interested in short-term sales focus -
they believe in "flavour of the moment". The short-term
sales focus has put pressure on everyone down the line.
Advertising
industry professionals have been transformed too - in their mindsets,
approach, actions. They have learnt to be more professional - everyone,
including media specialists, has become involved in new business
development. Yes, agencies have been more accountable; I believe
that media, too, has become equally accountable to both agencies
and clients.
New
business pitches have been decided on the basis, or should we say,
strength of relationships. Medium to smaller ad agencies have pitched
and won accounts beating some of the big guns in the business.
Jeffrey:
I believe that it is all about relationships even now. Earlier,
too, when the head honcho of a top agency moved out, there used
to be a lot of insecurity and people took it for granted that accounts
will shift. The same kind of scenario exists even now as relationships
dominate the business.
Clients
still prefer to deal with individuals - not with global networks,
reputations, past successes, tools or techniques. It is all about
servicing and about the bond developed between the client/agency
- everything else comes to a naught.
Similarly,
the relationships between agencies and media owners/sales teams
is equally important. Our
experience has indicated that we get a lot out of media owners not
just on volumes but on relationships. Relationships result in organic
growth - this is something which will never change.
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