Search results for: “"Mark Ritson"”

  • Advertising archive list

    An advertising archive can come in all shapes and sizes from a hobbyist love of a particular brand as advertising archive through to professional resources for academics, marketers and intellectual property lawyers. I am not going into an argument for what is, or is not advertising as I don’t think it would be particularly productive for this post.

    Without further ado let’s get into all things advertising archive related.

    The list

    Absolut Ad

    Absolut

    Absolut Ad – a hobbyist website that collects Absolute Vodka ephemera as a one-brand advertising archive.

    Adaily

    Adaily – Adaily has a ChatGPT-like interface that allows you to interrogate its advertising archive of award-winning campaigns for inspiration. Their database currently only goes back as far as 2018.

    Ad Branch

    Ad Branch – a blog that hasn’t been posted to since 2013 that presents advertising work from some of the best known American brands.

    Ad Forum

    Ad Forum – Ad Forum has a wide range of award-winning ad formats from a range of awards including its own PHNX awards – which covered campaigns from around the world.

    Adland

    Adland Superbowl Commercials – Adland is a great source of US advertising industry news. Their advertising archive of Super Bowl commercials represents some of the best examples of video TV advertising creativity.

    AdsMagic

    AdsMagic is a YouTube video channel as advertising archive. It hasn’t been updated in four years, BUT, is still full of creative inspiration.

    Ads of Brands

    Ads of Brands – nice searchable site, lots of yellow if that’s your thing.

    Ads of the World

    Ads of the World – part of the Clios Network of sites, created around the advertising awards. It has global reach and well respected.

    Ads Spot

    Ads Spot – subscription based advertising archive with global reach in terms of its content examples. The search function is just ok.

    Advert Ge

    Advert.Ge – minimalistic design of the advertising archive with global footprint and details on who did the creative. Good for inspiration, but can’t be embedded in a presentation.

    Agency Asia

    Agency Asia – good for discovery of inspired print and television advertising. The video is embedded from YouTube.

    Best Ads on TV

    Best Ads on TV – while the website feels as if it was designed in 2003, it surfaces some great inspirational advertising.

    Campaigns of the World

    Campaigns of the World – is based on user-submitted campaigns, lots of good stuff there, but I wouldn’t be surprised if at least some of it was student projects rather than advertising used ‘in the wild’.

    Creative Brief

    Creative Brief – a rival to the likes of Contagious in terms of ‘marketing intelligence’. Creative Brief’s content skews progressive and UK market focused. Your mileage may vary.

    Creative Criminals

    Creative Criminals – a useful site that leans more towards the need of strategists having case studies rather than creative inspiration.

    Daily Commercials

    Daily Commercials – an advertising archive built by agency submissions with a range of international markets represented in its archive. In terms of completeness, it could challenge some of the sites based on award entries.

    Deck of Brilliance

    Deck of Brilliance – the advertising archive is grouped into 52 creative provocations using the ads as examples that illustrate the theme rather than a conventional brand / category / country organisation that you might see elsewhere.

    Famous Campaigns

    Famous Campaigns – a mix of campaigns and activations with a big focus on the UK.

    History of Advertising Trust

    History of Advertising Trust – supported by some of the UK’s largest brands and agencies. It has over a century of searchable archives.

    Internet Archive

    Internet Archive – although overlooked the search function of the internet archive is a great place to go for inspiration as you have an advertising archive in different formats for many brands. Its content isn’t indexed that well in the major search engines. An honourable mention to Flickr which always pleases with its serendipity.

    Little Black Book Online

    LBB (Little Black Book) is a more accessible resource than the likes of Campaign or AdWeek. It has managed to collect some great work together in one site in their Creative Library section. They also build profiles of ad folk based on their Immortals awards programme, here’s mine.

    Lürzer’s Archive

    Lürzer’s Archive – Lürzer’s Archive is the Wallpaper* or Monocle of the advertising archive world. A strict paywall and a love of print and typographic design with usefully themed books as well as the digital archives. It’s beloved of university students who think that they are creative saviour that the advertising industry needs, client services drones who want visually appealing coffee table decoration and pretentious strategists like your humble writer. Their archive is surprisingly good but focuses on quality rather than being comprehensive in nature.

    The Advertising Archives

    The Advertising Archives – an Instagram account of a paid-for archive of print vintage advertising, marketing ephemera and stills from TV adverts.

    The Drum

    The World’s Best Ads of All Time – The Drum pulled together some of the best adverts tougher in their editorial team’s opinion.

    The Inspiration

    A mix of email newsletter and online collection. What The Inspiration loses in comprehensiveness as an advertising archive, it gains in not being attached to a pricey subscription.

    The One Club related archives

    The One Club for Creativity (One Show Awards archive) – an archive of award-winning campaigns for inspiration as advertising archive focused on the healthcare sector. Check out their archive of winning entries for the Young Ones student awards covering a range of consumer-facing brands ONE Screen focuses on advertising film entries here, the ADC award archive only covers the past decade of the awards century plus activity, so while vast in terms of area of brand related design from architecture to typography, it could be so much more.

    .Coffee

    .Coffee – the great thing about .Coffee as an advertising archive is the grouping of examples around industries like travel, tourism & transport or beauty.

    Related to advertising archive ideas

    Activation ideas

    Activation Ideas

    Creative moment

    Creative Moment – is a free to access archive of campaigns curated by creatives for creatives. It covers:

    • Advertising
    • Broadcast
    • Experiential
    • Out of home
    • Print
    • Public relations
    • Social
    • Video

    Packaging of the world

    Packaging of the World – Mark Ritson wrote a recent article about the importance of product for marketers. The gist of Ritson’s argument was that product is central to marketing, yet most brand marketers tend to focus on the communications part of the marketing mix. With that in mind, I thought it made sense to share packaging of the world.

    Two more things

    Portfolios such as mine also act as an advertising archive that you can explore. I have compiled a complete and ongoing list of advertising archive related links in the Pinboard social bookmarking tool. If you haven’t subscribed already, I would strongly recommend it for research and inspiration purposes – once you get used to it it’s life-changing.

  • Klad + more stuff

    Klad

    Klad is a new trends in illegal drug distribution. Klad sprang out of the online anonymity of the darknet. Breaking Klad: Russia’s Dead Drop Drug Revolution | Global Initiative goes into detail about how the Klad system works. Klad seems to be the narcotics equivalent of an Amazon locker. The customer pays the money via a dark web service and is directed to a concealed geocache with their product in it. These caches are refreshed by low level network members whose soul role is to service the klad network.

    Understanding Russia’s darknet markets and the logistics systems underpinning it offers insight into the future of drug trafficking (and other crimes) worldwide.

    Klad is likely to be further complicated by the tight linkage between the Russian state and international organised crime groups.

    China

    Blackpink’s Lisa ignites controversy on Chinese socials with cabaret performance | Jing Daily – an old article but shows the tension of feminist and male-centric themes, modern mindset versus tradition.

    Consumer behaviour

    The Future of Men from TEDWomen 2017 – by Jack Myers

    Climate emotions, thoughts, and plans among US adolescents and young adults: a cross-sectional descriptive survey and analysis by political party identification and self-reported exposure to severe weather events – The Lancet Planetary Health – more data supporting the idea of climate despair – poor mental health related to concerns about climate change.

    The Game Theory of Democracy – The New York Times – Adam Przeworski developed a theory that democracy is best understood as a game, one in which the players pursue power and resolve conflicts through elections rather than brute force. Democracies thrive when politicians believe they are better off playing by the rules of that game — even when they lose elections as it maximises their self-interest over time. It works when the stakes of power remain relatively low, so that people don’t fear electoral defeat so much that they seek other methods reversing it. Winners of elections need to act with restraint. They can’t make life miserable for the losers, or foreclose the possibility that future elections would allow the losers to win. But recent years suggest that even “working” democracies can be far more fragile than was once believed; Przeworski doesn’t see an obvious way to protect it from being weakened further.

    Using F-word at work is no sacking offence in the north, rules judge | The Times – As rude as the comment was, the so-called f-word had become commonplace “in the public sphere” — and that was particularly the case in the north of England. “Mong” is a derogatory term for someone with a learning disability, especially related to Down’s syndrome, and is also used as a synonym for “idiot”. Shergill was hearing a claim from Robert Ogden, who was said to have made the jibe during an office discussion about doughnuts and losing weight. His colleague was said to have felt “violated and shocked” by the remark and was left in tears before reporting Ogden to bosses, who eventually sacked him. Ogden is now in line for compensation after the judge ruled that his “lawless and toxic” office was rife with similar comments.

    Design

    Ideas We Love: Re.Uniqlo Studio

    Energy

    Norway’s electric car sales set new world record | VoA

    Finance

    Inside Goldman Sachs’ years-long power struggle over its China venture FT – Goldman Sachs had their face ripped off and they are still enthusiastic about the Chinese market. Senior executives gave themselves bonuses while the business shelled out a billion dollars for very little. In addition, looking at market timing it’s unlikely Goldman Sachs will realistically get the kind of returns their shareholders would want ever.

    FMCG

    Starbucks needs to cut the crap from its brand positioning | MarketingWeekStarbucks is more than coffee. It does have brand appeal. But it’s more basic than its highfalutin mission would have you believe. It’s a combination of being in the right places to answer the right category needs at the right time, with a small but not unimportant wedge of American quality and efficient delivery.

    There is plenty of brand equity in Starbucks, it’s just apparent that Starbucks never actually worked out what it was. Professor Dolly Parton has the best definition for positioning: find out who you are and do it on purpose. To use her analogy, Starbucks never got to first base never mind second.

    Yes, Starbucks grew under Schultz’s second tenure. He was an exceptional leader twice over. However, there was a vacuity within the brand that was palpable when you entered its stores. The commoditisation of Starbucks that Schultz spotted so brilliantly continued, offset by other excellent decisions that kept it growing.

    The brand’s nonsensical mission statement did not harm it. It did not lose the company money. But its fundamental stupidness and overreach meant that the potential benefits of a more prosaic, practical, accurate position were missed. A problem deferred. Contrast with Why am I optimistic about Starbucks China ☕ | Following the Yuan

    Gadgets

    Why has the Internet of Things failed? « Pete Warden’s blog

    Interesting video by The Verge that covers how supply chains are crippling cassette players and compact disc players. Bottle necks include magnetic heads, cassette mechanisms (one factory in China makes a bad dupe of an old Japanese company design), laser pick-ups and compact disc mechanisms have a similar problem. The programme also misses out that the likes of Dolby Labs no longer licence their noise reduction technology.

    Health

    Telehealth’s GLP-1 ‘gold rush’ is powered by these medical groups | STAT News

    Hispanics and Mental Health: Gaming as a Pathway to Self-Care | Ideas Exchange by Klick Health

    Hong Kong moves to restrict business use of medical terms such as ‘treatment’, ‘clinical’ | South China Morning Post – Under the planned ban, which has already been added to the Private Healthcare Facilities Ordinance but not yet enforced, premises other than licensed healthcare facilities or exempted clinics would not be allowed to use terms such as “clinical”, “healthcare”, “medical”, “treatment” and “therapeutic”. Currently, it is not uncommon to see such descriptions used in non-medical settings. An online check by the Post found a gym claiming it could offer “targeted pain treatment” with a procedure called myofascial release. Another centre also claimed to treat various pain conditions “commonly seen in the city” by stretch therapy.

    Hong Kong

    Trump, Harris both like ‘poison’ for Beijing, says former top US envoy to Hong Kong | South China Morning Post – while the story leads on Kurt Tong being the former US consul general – you could rewrite the precise of the article as head of strategic advisory firm advises Hong Kong to employ advocacy tactics to detoxify Hong Kong government reputation in Washington (presumably including lobbying and think tanks).

    Innovation

    Watching Nintendo think out loud about radar and music (Interconnected)

    Marketing

    Great video hosted by Kantar featuring Mark Ritson on the benefits of consistency in brand building. I can’t embed here, you have to go to YouTube to watch it.

    Huddle 001 – Is strategy sick? – Outside Perspective

    Media

    OnlyFans Has Paid $20 Billion to Creators Since 2016, CEO Says | Variety

    Retailing

    Asos CEO ‘not worried’ about Vinted or Shein despite mounting losses | Retail Gazette – interesting. I wonder how the brand building work is going? I have seen lots of ads, but they’ve felt disjointed and flat

    John Lewis partners with Klarna for ‘buy now pay later’ option – Retail Gazette – the middle class now need the digital equivalent of ‘lay away’ – not a great economic indicator

    Security

    Chinese Group Accused of Hacking Singtel in Telecom Attacks – Bloomberg

    Software

    Split mixed tracks with LANDR Stems | SOS – this is huge

    Style

    Kizik Hires Nike Footwear Veteran Andreas Harlow as SVP of Design – Footwear News – moving prior to the new CEO Harlow was responsible for design of the Jordan line of footwear, but makes sense when you read my John Donahue and Nike related post.

    Technology

    She Built a Microcomputer Empire From Her Suburban Home | Every

    Telecoms

    Interesting article on the state of the internet. It looks as if the network might be maturing: Is the (US) Internet Really Slowing? – On my Om

  • AI state of the union H1 2024

    The AI state of the union H1 2024 post came about as we had a number of trends starting to come into view. To paraphrase Charles Dickens the AI state of the union H1 2024 represented both the best of times and the worst of times in generative AI.

    Astro Boy
    Astro Boy | George Oates

    Is the current state of AI analogous to the dot com boom?

    In this respect, discussions around a dot com type boom around generative AI are less helpful. The dot com boom didn’t have the same naysayers at the time, aside from what would be now called edge lords worried about money. Like with all economic cycles they would eventually be proved right, but not until we had broadband and shopped at Amazon.

    Culturally, we are in a very different, darker place and aren’t riding an economic boom. I have tried to lay out some of the nuances in the themes currently driving AI discussions.

    I have broken this down into three themes and a focus on Japan.

    • Vendor knife fight
    • Trough of disillusionment
    • Synthetic data
    • Japan focus

    Right let’s get into The AI state of the union H1 2024.

    Vendor knife fight

    The AI state of the union H1 2024 sees generative AI being added to products and business plans, in a similar way to being web-enabled in the late 1990s. Spring Apps estimated that there almost 58,000 AI companies.

    Microsoft, Alphabet, Amazon and Meta increased their investment in generative AI to $106 billion during the first six months of the year. In addition, Meta is looking to leverage the open source model of software development to drive progress in its Llama model. This echoes, how the open source model and software like Linux, MySQL and PHP were used during the dot com boom and the move to web 2.0 to provide greater efficiencies and possibilities.

    Some applications such as Adobe Creative Suite has become much more powerful thanks to adding generative AI. Alphabet has finally had generative AI companies parked on its front lawn. Open AI joined Perplexity in providing a search product.

    Apple came up with Apple Intelligence that provides a platform and front end for a mix of generative AI models. Microsoft has Co-Pilot that it has been selling to enterprises.

    Financial institutions have led the charge to try and get productivity gains such as JPMorgan’s IndexGPT and the continued automation of back office processes.

    Meanwhile in China, Baidu’s ERNIE has attracted almost a million developers looking to use the generative AI platform in their projects.

    Trough of disillusionment

    The enthusiasm for generative AI hasn’t managed to drown out dissonant voices. The number of objections are diverse.

    Business issues

    Morgan Stanley in a research report quoted a large pharmaceutical company CTO who abandoned the use of Microsoft Copilot in their organisation. The crux of the argument was that they weren’t seeing the value. Presentation creation was described as middle school level. Pharma companies tend to use PowerPoint as a publishing platform rather than a ‘presentation tool’ with data rich busy slides, so I can understand why Copilot became unstuck.

    It isn’t only ‘high-end’ knowledge work conducted by large corporates that is underwhelming. McDonald’s is withdrawing generative AI systems deployed at its drive-thru restaurants due it not working as planned. A Gartner survey of IT leaders indicated that McDonald’s wouldn’t be alone with nearly one in three generative AI projects to be scrapped in 2024.

    That might not be such a bad thing as businesses are currently in a process of experimentation, so long as the lessons learned are captured and internalised.

    Goldman Sachs have pivoted over a matter of months from being bullish about generative AI, to being concerned that the return on investment for generative AI may take far too long.

    Societal impact

    • What if speed isn’t the goal? The process of reading isn’t only about the ability to parse information quickly but also affects other aspects of human thinking and behaviour. There are clear benefits for certain groups of people including neurodivergent and second-language learners. But it also poses a risk to close reading skills which impacts developing or improving existing skills. Secondly, the generative AI can miss key facts from a document, given up as speed is prioritised over nuance and accuracy.
    • Knowledge collapse – By mediating access through AI tools moving forwards, due to the model’s focus on the centre of of the distribution of its data set. Restricting access to the edges is likely to cause harm to future innovation, human understanding and cultural development outlined in Peterson’s paper AI and the Problem of Knowledge Collapse.

    Technology-specific issues

    • Environmental impact – like web 3.0 and the crypto economy, generative AI requires a lot of energy to run high performance data centres. This means that Open AI is losing money hand-over-fist paying for computing capacity from Microsoft at a significant discount.
    • Model collapse – the relative lack of human-made data and the rise of synthetic data used in training generative AI systems is likely to lead to a rapid degradation in those models, indicating a ceiling on amount of progress that generative AI based on LLMs is likely to make.

    Synthetic data

    Synthetic data is probably one of the most difficult subjects to write for AI state of the union H1 2024. On one hand, you have Mark Ritson’s endorsement of synthetic data based on what we saw from B2B marketing generative AI startup Expenza AI. Ipsos have also got some credible interesting offerings that seem to be based on the provision of synthetic data.

    Is it any good? A lot depends on how the LLM is trained and the way it’s being used in terms of what you want to achieve. As with any tool, it can be useful for the right jobs. The MRS Delphi Group gave a range of feedback on the way it should be used, some of which seemed to contradict each other. We don’t know how accurate a picture the LLM is creating, what is being called algorithmic fidelity.

    Until concerns about algorithmic fidelity is addressed sufficiently well; marketers would be wise to exercise a degree of caution.

    Japan focus

    Ghost in the Shell Motoko

    I have included Japan in my AI state of the union H1 2024 post for a few reasons.

    • Prior to the current exuberance about generative AI; Japan was doing really interesting things using different parts of AI including fuzzy logic and software agents. The Panasonic rice cooker that cooks rice that’s perfect for your preference. Error correction for video and audio playback, from CDs to Blu-Rays. Complex camera programme algorithms including image stabilisation. Sophisticated non-playable character behaviour in computer games. There has even been synthetic singers like Hatsune Miku and virtual influencers.
    • If Star Trek influenced the flip phone, the smartphone ( think the tri-corder, especially when used with the likes of Oxford Nanopore‘s products) and tablets (on Star Trek’s next generation), then cyberpunk and Japanese anime have influenced AI in a similar manner. Elon Musk and Sam Altman would fit right in as villains in the Ghost In The Shell series.
    • Finally, even though Japan influenced cyberpunk based on William Gibson’s experience meeting Japanese students, it has a paradoxical relationship with technology. For instance, the Japanese government recently stopped using 3.5″ floppy disks. Ancient crafts are still highly prized and Japanese brands like The Real McCoy’s and Grand Seiko who provide premium manufactured goods to artisanal standards.

    Matt Alt has put together a good overview of the policy and cultural context for generative AI in Japan. It’s less of a clear cut issue than the Japanese body politic seems to believe. The Japanese government believes that its population is likely to view AI positively because of anime plot lines. While Atom Boy is a positive example there are lots of negative examples in the Ghost In The Shell franchise alone. There is also a tension between government aspirations for international exports of increased amounts of media content.

    There are also concerns about existing AI relationships in Japan exasperating existing societal problems, like virtual girlfriends or boyfriends.

    Here’s more of my AI-related posts.

    More information

    Big Tech groups say their $100bn AI spending spree is just beginning | FT

    Open Source AI Is the Path Forward | Meta

    JPMorgan Unveils IndexGPT in Next Wall Street Bid to Tap AI Boom | Bloomberg

    Mistral NeMo | Mistral AI | Frontier AI in your hands

    Meta won’t bring future multimodal AI models to EU | Axios

    Defense AI startup Helsing raises $487M Series C, plans Baltic expansion to combat Russian threat | TechCrunch

    Baidu – World No. 1? – Radio Free Mobile

    Welcome to Canva, Leonardo!

    Move Slow and Make Sure Everything Works | Spyglass

    How Apple Intelligence’s Privacy Stacks Up Against Android’s ‘Hybrid AI’ | WIRED

    Goldman Sachs on AI: GEN AI: TOO MUCH SPEND, TOO LITTLE BENEFIT? Tech

    AI has a climate problem – but so does all of tech – Decoder with Nilay Patel

    Remarks at the SASE Panel On The Moral Economy of Tech

    AI and the problem of Knowledge Collapse – Andrew J Peterson

    McDonalds removes AI drive-throughs after order errors – BBC News

    Nearly one in three genAI projects will be scrapped | Computerworld

    The problem of ‘model collapse’: how a lack of human data limits AI progress | FT & Axios | 1 big thing: AI’s brain on AI

    Benedict Evans | The AI summer

    Synthetic data is suddenly making very real ripples | Marketing Week

    Synthetic data is as good as real – next comes synthetic strategy | Marketing Week

    Launch of Ipsos PersonaBot, a groundbreaking AI-powered solution to enhance segmentation research | Ipsos

    Using synthetic participants for market research | MRS Delphi Group

    The role of Synthetic Respondents in ‘Human-centred’ Research — Some Random Nerd

    Synthetic survey respondents: A revolution in research methods or the worst idea ever? | Glasseye

    Japan declares victory in effort to end government use of floppy disks | Reuters

    Postmodern orientalism : William Gibson, cyberpunk and Japan : a thesis presented in fulfillment of the requirements for the degree of Doctor of Philosophy in English at Massey University, Albany, New Zealand by Leonard P Sanders

    Japan, the “most AI friendly country in the world” | Matt Alt’s Pure Invention

    Japan goes light on AI regulation to court investment | Nikkei Asia

    Arts Workers Japan Survey: 94% of Japanese Creators Concerned About AI | Anime News Network

    AI Girlfriends: Why Concerns Grow In Japan | The Japan Reporter

  • End of culture

    This post on the end of culture as inspired by a presentation. Pip Bingemann of Springboards.ai presented at Cannes in Cairns – a marketing festival for Australians who wouldn’t be able to go to the Cannes Festival of Advertising. Pip’s presentation touched with things I had seen about the end of culture and had some interesting points within it. I didn’t agree with a lot of Pip said, some of it was down to nuance, but appreciated the journey that it took.

    I have built the main headers around Pip’s slides, strap in for the end of culture.

    What’s wrong with advertising?

    Bingemann’s presentation as in praise of the disruption that (generative) AI was bringing. The thesis he put forward was that ‘machines’ had already messed up the advertising and media industries. 

    • Advertising became self-service in nature. 
    • There had been a move in online media to relevance over distinctiveness
    • We became slaves to numbers

    Let’s look at those elements first. 

    Advertising became self-service in nature

    Like the technological disruption of banking in the past with: 

    • Postal banking
    • Automatic teller machines
    • Telephone banking 
    • Online banking 

    Meta and Google’s advertising platform democratised media buying. Years ago a guy I have lost touch with used to be a manager at a McDonald’s branch in the west end of London. 

    Before cellphones became commonplace he had a side hustle. He used the restaurant telephone to phone up the newspapers, to book small ads. The newspapers had advertising sales teams, that he would speak to. He did it once for a friend and then word got around. Eventually, he was calling for businesses across Soho. Premium line suppliers, porn publishers and adult mail order catalogue companies. Eventually they needed the ads to be designed. This work was done alongside creating porn DVD covers and other marketing material. 

    Ovid was a pimp

    He built a small successful agency off the back of it based in Soho. The agency remained in Soho until it was priced out by the fund management firms who moved in. Lots of other small businesses did the same for their plumbing business or hair salon. Their adverts would run in local newspapers across the country. 

    newspaper ad...

    For more sophisticated ads like large print ads, television or cinema advertising; help was needed. This help got the ad ready, made sure that the publication received the artwork on time and in a format that they could use. They made sure that the artwork was presented in the manner agreed. With the likes of television, the advert might have to go through regulatory approval prior to publication. 

    If you were a larger brand with a national or international campaign, further help was needed in pre-testing and orchestration. Expertise might be needed to access more regulated markets while remaining on the right side of the law. 

    Technology allowed newspaper type adverts to be easily accessed by both agencies and brands. 

    TLDR: Advertising has been self-serving for decades, but I will grant that online allowed more sophisticated formats such as videos, colour photos and carousels. AND regulation has been slower to police advertising online, for instance YouTube ads don’t get the scrutiny that TV ads get.

    Relevance over distinctiveness and slaves to numbers

    The move to relevance over distinctiveness in online media was down to where online media was in the customer journey. It was (and for the most part still is at the bottom of the funnel).

    Relevance made sense, particularly in search advertising. The first online adverts such as Craigslist classified and display ads were conceptually similar to their equivalents in the back pages of newspaper advertising. Newspaper ads were served in sections: cars for sale, homes for sale, local businesses, cinema listings, vets or pharmacies with a late closing time.

    Search and many banner ad campaigns for that matter are about the last step (hopefully) before purchase. In the old pre-internet world, they would be direct mail or the direct response adverts that used to appear in magazines or the special offers beloved of shopper marketing.

    Vintage 1960s Columbia Record Club Ad Double Page Advertisement 1962

    Distinctiveness appeared further up in the funnel building long term memory models through brand building. It was TV advertising, radio jingles, magazine print advertising and billboards that evoked emotion and still evoke nostalgia decades later.

    Silk Cut cigarette ad
    Saatchi & Saatchi for Gallaher

    I would argue that the issue is less about relevance at the expense of distinctiveness, instead it’s about short-termist mindsets facilitated by numbers. The media industry is about to double down on this error, with initiatives like the European Programmatic TV initiative. And so I can empathise with Pip’s last point about becoming slaves to numbers. It’s ironic that the PowerPoint-friendly charts used by Google search advertising to explaining its value for marketers took off and drove marketing thinking.

    Technology marketing itself came from broken origins and still is basically sales strategies by another name. A good deal of what data is created is based on what technology companies can see; rather than what marketers need to measure to get the balance between long term and short term marketing needs.

    This MIGHT BE about to change if marketing expert Mark Ritson is to be believed. He posits that marketing technology start-up Evidenza.AI will provide business-to-business marketers with the kind of insight previously driven by market research, but much faster. From then on he sees it doing a better job at communications and media strategy. I am trying to keep an open mind on this at the moment.

    TLDR: Advertising hasn’t become about relevance at the expense of distinctiveness, but instead about short-term at the expense of long-term marketing effects; partly down to technologists having a poor understanding of marketing.

    Technology outputs data which marketers paid an inordinate amount of attention to; reinforcing the short term bias. Machine learning techniques now becoming available might turn this around by providing better marketing insight.

    Machine learning tends towards the mean

    Pip’s presentation went on asserting that machine learning tends towards the mean. Generative AI synthesises content based on what has already been done, which why Pip assumes that everything tends towards the mean. But that depends on how one uses these tools that we’ve been given.

    As a strategist, I have used generative AI to knock out too obvious propositions, so I give the creative teams something interesting to work with in the creation of distinctive assets.

    Apparently creative teams have been taking a similar approach in terms of ideation.

    One thing I’ve heard more than once recently is how creative teams are using LLMs for brainstorms. But not quite how you’d expect… Because these algorithms answer back with the most likely predicted outcomes based on available data, you get the mean. The average. In creative terms that means the well worn “cliches”. So when starting a brainstorm or ideation session, quizzing the LLMs leads to a list of suggestions of what creative teams are generally most likely to suggest. At which point the team knows what NOT to do. The already well trodden ground. The list of the obvious. That also somehow gives a wonderfully smug angle on the use of AI in the pursuit of original work.

    Nic Roope on LinkedIn

    TLDR: generative AI will tend towards the mean, BUT that can be used creatively.

    Agencies and clients screwed advertising

    Pip’s slides don’t necessarily dig into the reasons why this happened. But I can put together some hypotheses and provide evidence that may indicate their validity or lack of it.

    Clientside factors

    • Shareholder value ethos – Shareholder value the way we understand it now can be traced back to the 1960s. While Milton Friedman popularised it in an essay A Friedman Doctrine: The Social Responsibility of Business Is to Increase Its Profits, the idea had surfaced years earlier in an opinion editorial published in Fortune magazine. The so-called Friedman doctrine became a lode star for investors and boards including the likes of ‘Neutron’ Jack Welch at General Electric. While this thinking still dominates the tyranny of the quarterly numbers that CEOs of publicly traded companies operate under; it is not the only perspective in the c-suite.
    • The financialisation of businesses – related to the Friedman doctrine, businesses became increasingly financialised thinking about short term financial decisions. A classic example of this is how post-regulation, legacy airlines in the US have been managed. Another example is Brazil’s private equity firm 3G Capital who managed to destroy billions of dollars in shareholder value with marketing cuts. Financialisation has definitely had an impact, but it varies from company to company. We also see it showing up on the agency side, with the move to using more freelance staff and burning out those staff that they do have. They have a fig leaf of mental health care in their talent acquisition literature, but it’s largely BS.
    • What gets measured gets done – Google advertising’s success was as much down to it being easy to tell a story about the marketing spend conducted on the platform as it was about effectiveness. The dashboards lended themselves to being easily reproduced in PowerPoint and spoke in the universal c-suite language of line graphs and pie charts. This was really important for Google to survive and thrive in the post dot com bust and the 2008 recession.
    • Marketing literacy – since before I have gone to college the c-suite was largely marketing illiterate. It doesn’t matter if they are a self-starting boy or girl made good, or minted from an Ivy League business school with an MBA. I have worked with both and they had a similar marketing knowledge level, the only thing that varied was the level of self confidence despite this gap. Neither do the management consultants that they may employ. Which is the reason why the team at 3G Capital were surprised when they cut marketing costs and destroyed brand and shareholder value.
    • Procurement – practices to systemise purchasing and avoid issues like nepotism and corruption have introduced a muscular procurement function who know the price of everything and the value of nothing. Margins across disciplines have been squeezed to breaking point. This has led to a decline in entertainment and side benefits, my LinkedIn feed had advertising folk explaining that the cost of attending the Cannes Festival of Advertising was likely paid through budget cuts in: training, subscriptions for tools and publications and even head count. We might not have had an end of culture, but this is no longer the industry portrayed in Mad Men.

    Agencyside factors

    • Splitting creative and media – prior to the mid-1970s creative and media buying were two departments in the one advertising agency. That allowed the free flow of research between the departments and the creative use of context as well as content. It also meant that margins had to support two management teams. Secondly, the options to best defend margins was in the media-buying side of the house, depending on how integrated into the media technology stack the the media buying agency became.
    • Change in north star from FMCG to technology companies – the rise of the internet completely changed the nature of marketing. Prior to the internet becoming mainstream, having FMCG experience as a marketer helped your career. In the early 2000s, Google, Yahoo! and later Facebook became the brands marketers wanted on your CV. The difference was that FMCG brands had subscriptions to the likes of the Ehrensberg-Bass Institute for Marketing Science. Yet American and British academia saw that most thinking from even the most prestigious schools can be boiled down to being the considered common sense opinion of tenured professors like David A. Aaker and Philip Kotler. Kotler was reportedly not interested in engaging with marketing science as consumer behaviour was too complex and difficult to model.
    • Relative recent awareness of marketing science. For reasons that I don’t fully understand marketing science is both old and a new phenomenon. The late Andrew Ehrensberg originally founded his Centre for Research in Marketing in the early 1990s and had been turning out marketing science academic papers for decades before that. Ehrensberg eventually moved to His work on the myth of ‘heavy consumers‘ and polygamous brand buying (smaller brands suffering a double jeopardy of fewer people purchasing them, and those that did purchase them, did so less often) was done back in the 1950s for Attwood Consumer Panel (would eventually become part of TNS). Some agency strategists knew about Ehrenberg, such as Stephen King of JWT. Some of this thinking was likely hidden by the decline of market research projects in agencies and the split between media buying and creative. In addition, Andrew Ehrenberg theorised why marketing science had a low adoption outside his center’s FMCG clients, which also encapsulated the gatekeeper role American academics played in overall mainstream academic adoption:

    I also realised slowly that our kind of theorising – which at base describes and explains already-established and generalised empirical discoveries and which thus post-dicts them – was anathema to many American academic marketing colleagues. They espoused much more ambitious and complex-looking econometric procedures which never worked in practice, with the recent citation for a Nobel typically not referring to any established empirical patterns

    My Research in Marketing : How It Happened by Andrew Ehrenberg
    • Channels – I don’t know who thought that a video view could be just a couple of seconds, but digital platforms benefited from it. Some of the wisdom from this years Cannes Festival of Creativity was that short adverts don’t work that well as they fail to build memory structures. Somehow agencies, platforms and brands suspended belief to develop marketing campaigns that only made sense in 1980s cyberpunk fiction like Max Headroom. Even at Cannes, platforms like Tiktok believed that they operate like, and a have similar impact to a TV advert…
    • Research – like most strategists I have found that I am often operating with less qualitative research than I would like. One of the biggest programmes I managed to work on the research for was the global launch of a now famous weight management product. Even then we didn’t do enough interviews around the world to understand cultural nuances in play. I remember reading about strategists in the 1970s spending a good deal of time listening to focus groups hosted around the country. There was a mid-week ritual of taking a drive or a train to a city or town outside London for this research. Social listening has been touted as a possible research for product tracking and can be a useful source of consumer soundbites sometimes.
    • Testing – hand-in-hand with a decline in research has been a decline in types of testing. Content still gets tested, but brands and agencies didn’t test channels to the same degree. Which is why we’ve had short form ad formats for years, yet the knowledge that they’re not as good at building memory structures doesn’t seem to be embedding into clients and agency teams.

    OK, but that’s advertising, what about the end of culture?

    Pip claims that advertising is just one part of our world that has been under attack (from technology). Alex Murrell’s essay The Age of Average was cited as the source of this insight. Murrell makes his case on the common looks in car designs driven by developments in aerodynammic design over time, architecture and cityscapes, coffee shop styles, logos, book covers, video game franchises, packaging design and product design.

    Part of the reason for the architecture was Le Corbusier and his his function over form theory of design and architecture (modernism) captured in Towards a New Architecture.

    Murrell harked back to a time of distinctive cities like Victorian London. However what Murrell’s explanation overlooked was that even back in Victorian times London was becoming ‘standardised’. Chimney pots, bricks, cast-iron beams, windows and even church stained glass windows came out of catalogues. The same designs repeat over-and-over-again. The church stained glass windows went around what was then the British empire. It is a similar situation today. Buildings are made of standardised materials and design tools as we understand more about engineering.

    Technology over time allowed buildings to get taller and let in more light thanks to improvements in construction, lifts (elevators) and environmental control. Where things get interesting is when governments and societies make decisions on what they want to keep or rebuild. Shanghai has preserved only a little of the Bund and few of its hutongs. Hong Kong has so far managed to keep some examples of its composite buildings. However once you get to street level you see a distinct evolving local culture despite their apparently similar skylines.

    This mix of standardised components bought from a supply chain, improved engineering and regulation has also driven similarities in other products, such as motor cars which Murrell cited as an example. But again those similarities are more about operating at a macro-viewpoint. On closer examination, diversity in car culture and driving experiences start to build clear lines of distinctiveness.

    And the car industry for decades has indulged in badge engineering where one vehicle truly does look like another.

    Wolsley Hornet
    Wolesley Hornet
    PBWA Hammersmith and Fulham
    Austin Cooper Mini
    1975 Innocenti Mini 1300
    Innocenti Mini
    1967 Riley Elf
    Riley Elf

    The examples I used above were all based on the Austin Mini. Wolesley was a luxury brand owned by BMC at the time. Italian care manufacturer Innocenti licensed the Mini from Austin until the agreement was cancelled by British Leyland. Lastly, the Riley Elf was a slightly more expensive alternative to Wolesley, both were owned by BMC.

    General Motors were the masters of badge engineering using ‘common platforms’ as far back at 1909.

    As for the complaints about logo design, books and later the web allowed influential design motifs like Neville Brody’s work at The Face, Arena and The Guardian went around the world, collected in three volumes by Thames & Hudson. His cover designs were in Tower Records stores from New York to Tokyo. Design is an industry sensitive to global influences that you see spread around the world. A second reason for the simplification and flattening of logos is the world that we now live in. Before the web logos only existed in the physical world. Digital brings common requirements:

    • Works in a website template that can be used globally.
    • Works in email headers and footers.
    • Works in a favicon and in a mobile app button.

    One interesting point came out when Murrell (and Bingemann) looked at media where there was a coalescence of homage images and content based around a success. But these in turn created their own genres like the sweary covers on self-help books. How is this marking a low point in culture was beyond me.

    I thought of genres like the European ‘gallo’ films or the European takes on the western films of which spaghetti westerns are the most well known. A lot of the films were dreadful. In the case of European westerns many of them borrowed a characters name from more successful films. So you saw ‘apparent’ franchises around ‘Ringo’, ‘Django’ and ‘Sartana’.

    Western saloon, cinema studio tabernas (Almeria)

    (Film director Alex Cox published one of the best works on the Italian western film genre 10,000 ways to die. It’s based on his university thesis and a fascinating read, if you choose to jump down that rabbit hole.)

    You had a similar experience in the Asian martial arts film industry with countless variations on the the star name Bruce Lee, as the industry coped with the loss of most famous star.

    To quote Sturgeon’s revelation:

    90 percent of anything is crap.

    This doesn’t mark the end of culture, but the manufacture of culture. What’s good or great is then strained through the filter of time and changing social attitudes.

    As for the cinematic superhero cul-de-sac, there are clear parallels with the end of the western and the New Hollywood movement. This time its distribution in the driving seat rather than a new generation of directors. Like the New Hollywood movement there will be both successes and car crashes along the way and I am largely excited by it.

    Bingemann also cites Adam Mastroianni’s essay Pop Culture Has Become an Oligopoly. Mastroianni hits on what is called a long tail. In scale-free networks with preferential attachments, power law distributions are created, because some nodes are more connected than others – so Taylor Swift will sell more because of the size of fan base she has grown over time. They have been studied since at least 1946 and Benoit Mandelbrot who is better known for his work on fractals was one of the main researchers. Wired magazine touched on it in 1998 when it published The Encyclopaedia of the New Economy written by John Browning and Spencer Reiss and the influence showed up in Wired contributor Kevin Kelly’s work New Rules for the New Economy. So one can guess that the ideas were being thrown around then.

    Wired editor Chris Anderson wrote about it in a magazine article for Wired in October 2004, and turned it into a book. Algorithms in online services create bubbles and rabbit holes in different areas and surface media winners like MrBeast. But again culture has thrived despite of popular culture out of sight of the general public for decades will continue to do so. Examples include Northern Soul, punk, the Chicago house music scene, UK garage, grime, drill and donk, the long tail does not mark an end of culture.

    TL:DR: Could the current culture eco-system be better? Yes, absolutely. But it isn’t broken in the way and extent that Bingemann believes. We definitely aren’t at the end of culture and it doesn’t need to be ‘saved’ by generative AI.

    So what can AI do?

    Bingemann believed that generative AI offers society a way out of the end of culture. So presumably it offers a way to enhance and create culture. He believes that it creates, I would finesse this a bit to say that it emulates, synthesises and combines elements to meet consumer instructions – since it is the sum of its training data.

    Ironically, Bingemann bases his thesis on how surreal and abstract art represented the ‘death of traditional art’ and reinvented the meaning of art and unleashed a large amount of creativity. Traditional art didn’t die per se, there are still several artists selling realistic pieces including painting and sculptures alongside the ‘new art’ movements.

    Generative AI puts tools in the hands of creatives that previously would have meant a lot of work. In the same way that desktop publishing and Photoshop reduced the cut-and-past compositing on layers of glass panels which were then photographed and image retouching done by hand in the past.

    In advertising Bingemann sees five opportunities enabled by generative AI:

    • Move to value-based pricing (presumably based on substantially reduced cost of production). It’s what Huge tried to do with their pivot and what thinkers like Michael Farmer have been recommended. We’ll see what happens when this aspiration meets client procurement teams. I hope Bingemann is right.
    • Design AI around people. So far the progress has been mixed around this. We have been some companies like Klarna using ‘good enough’ generative AI to automate jobs out of existence. Adobe have taken more of a creative enablement approach. Based on my experience working on ads in the past with collaged backdrops and photoshoots for global campaigns, this could save tens of hours or more in art working.
    • Embrace the newcomers. Just like social and digital before it, when we had new agencies like Crayon, AKQA and Poke; Bingemann thinks that generative AI is likely to bring new businesses to the advertising eco-system.
    • Spend 10x more effort developing the next generation. Given that the advertising industry manages to continually churn experienced people out of the industry and no one was found to have retired last year from the industry according to the IPA – this is going to be a tall order. It would make more sense if AI was used to make advertising more representative.
    • Unite. Clients, agencies and technology. It’s a nice aspiration, but when clients are looking for good enough and efficient content, agencies looking for a margin and trying to put effectiveness in there as well and technology companies trying hold back their natural instinct to suck all the value to themselves, it will be a hard feat to achieve.

    Bingemann argues that this is necessary for advertising, but also for creativity and considers advertising’s role to break culture rather than just reflect it. Culture and creativity will exist without advertising. Even during the Soviet Union, there was still creativity, art and culture – both mainstream and underground.

    A Final Thought To Leave You On

    GZero Media quoting Douglas Rushkoff (of Media Virus fame) on what generative AI means for culture moving forward.

    While its not the end of culture as we know it, Springboard.ai are putting out some interesting tools that I could see competing with the likes of Julian Cole, Mark Pollard and others who are filling the ‘how to strategy’ gap for brand planners.

    More related content can be found here.

    More information

    The ‘Pernicious Nonsense’ Of Maximizing Shareholder Value | Forbes.

    Customer Value, Shareholder Wealth, Community Wellbeing: A Roadmap for Companies and Investors by Denis Kilroy and Marvin Schneider

    CIA appoints ex-MindShare chief de Pear | MarketingWeek

    Vici – The evolution of display advertising

    Profit squeeze for ad agencies | MarketingWeek

    3G Capital discovers the limits of cost-cutting and debt | The Economist

    My Research in Marketing : How It Happened by Andrew Ehrenberg

    Creative Impact Unpacked: 11 effectiveness trends from Cannes Lions 2024 | WARC

    The Age of Average by Alex Murrell

    Modern Man: The Life of Le Corbusier, Architect of Tomorrow by Anthony Flint.

    10,000 ways to die by Alex Cox.

    The New Hollywood: From Bonnie and Clyde to Star Wars by Peter Kramer.

    Pop Culture Has Become an Oligopoly | Experimental History.

    New Rules for the New Economy by Kevin Kelly.

    The Long Tail: How Endless Choice is Creating Unlimited Demand by Chris Anderson.

    AI and creativity | renaissance chambara.

  • CMOs

    Premature obituaries of CMOs

    Almost 11 years ago business academic Dominique Turpin wrote an article describing CMOs as ‘dead’. Turpin worked at the IMD business school in Switzerland and the article was a classic bid for thought leadership.

    UN Women Global Innovation, Technology and Entrepreneurship Industry Forum
    Alicia Tillman, CMO at SAP AG until 2021, at the time of writing CMO at Delta Airlines

    It’s just the kind of thumb-stopping headline that drives readership of LinkedIn content where it was published.

     … the decline in the CMO’s influence is alarming, especially at companies that claim to put the customer first but in reality are product-driven.

    True, some companies have marketing in their DNA, especially firms that had a visionary founder with a great understanding of the customer. Examples include Ingvar Kamprad at IKEA or the late Steve Jobs at Apple.

    But these are exceptions. The norm these days is that the CEO sets the overall strategy, the R&D and innovation teams design the product, and the CFO determines pricing and departmental budgets. No wonder some CMOs feel unloved and are considering a career change

    Dominque Turpin – The CMO is dead (August 21, 2013)

    Turpin goes on to explain what he believes that there are four causes, that together result in no CMOs.

    • Most CMOs aren’t focused on planning and delivering customer value
    • Short-termism has meant that organisations have become CFO-focused – a la ‘Neutron’ Jack Welch’s perception of shareholder value, rather than a balanced scorecard approach
    • Marketing impact is hard to measure
    • Organisations lack a clear understanding of what marketing is

    Instead Turpin wanted to create a CCO role – chief customer officer. He saw that this role could sit with the CEO, the CFO or the former CMO. While the CFO as CCO might take the fuzziness out of marketing as Turpin put it, there would be a tension between their natural ‘ neutron Jack Welch’-nature and being customer-centric. What about the CEO? Turpin pointed out that they tend to come from engineering or finance. Both are efficiency focused disciplines with incremental short-term views. Again both are barriers to customer-centricity and would be largely blind to long term effects.

    3G Capital

    Move forward six years and a CFO-driven approach to running Kraft Heinz by 3G Capital saw a massive destruction of value some $15.4 billion from the $50 billion paid to buy out the business in the first place. The quarterly dividend got cut and shareholders filed lawsuits. The founder of 3G Capital talked extensively about the GE Way driven by Jack Welch as a key influence on their approach.

    Scott Galloway

    Scott Galloway

    Professor Scott Galloway is a serial entrepreneur who is provocative, interesting and often right.

    On CMOs Galloway said

    “If you’re the CMO that shows up and says ‘I need more budget so that I can do a brand identity study, can spend money on advertising and get invited to great conferences and hang out with people who are more interesting and better looking than me by spending media dollars that are less and less impactful’ then you’re like the second lieutenant in Vietnam — you’re dead in 18 months or less,”

    Scott Galloway

    There is a lot to unpack in that statement, but it doesn’t spell the end of the CMO or advertising.

    Pax Americana to Pax Australis

    In this post Galloway taps into a wider criticism that we’ve seen of American marketers over the past few years. When I was in college American professors and marketing thinkers set the tempo for the profession around the world. As Mark Ritson recently wrote

    In the 20th Century marketing was American. The discipline, the theories, the textbooks, and the approach. To arrive at Wharton in 1994 was to see a future that was not just untenable in the UK, it was one nobody back home was even aware of. Marketing was a decade ahead of anything in the UK. The American marketers I met, academics and practitioners, were so advanced it made my head spin.

    Mark Ritson – Effectiveness ignorance has left American marketing lagging behind the rest of the world (Marketing Week)

    Text books by the likes of Philip Kotler and David Baker, were perceived wisdom of old white academics. None of this thinking was evidence-based; beyond anecdotal successful case studies.

    One of the ‘secrets’ that marketers and CMOs at large FMCG companies like Mars, Proctor & Gamble, Kellogg’s and Unilever had was access to Australian based marketing science research. This was primarily via their long-term sponsorship of the Ehrensberg-Bass Institute in Adelaide, Australia.

    This body of research in turn shook up wider marketing thinking when Professor Byron Sharp published How Brands Grow. (There were other important works as well such as the UK based publications from the UK’s Institute of Practitioners in Advertising – notably The Long and The Short of it and Effectiveness In Context).

    While marketing outside the US was shaken up by the works of Sharp and Binet, the US continued onwards in its marketing the way it always had.

    Mark Ritson’s recent column on the state of American marketing caused international furore in the marketing community, despite Marketing Week being a UK-only publication. Ritson complained about American marketers lack of awareness about the importance of marketers effectiveness.

    This comment on Mark Ritson’s post sharing the article, while humorous has a lot of truth in it:

    Okay, okay. Stop throwing big words like vituperative and effectiveness at us simple-minded Americans. Sure, we handed the keys of marketing over to software engineers at the turn of the century. Maybe that led us to a fair bit of myopic strategery here in the very exceptional United States of America.

    Based on the comments I’ve read, when asked to define effectiveness the answer provided is essentially #IYKYK. Why let a golden opportunity to school American marketers on the wise ways of the world beyond our ample shores slip through your fingers?

    I don’t care if you call it Marketingwirksamkeit or efficacité du marketing, what matters is more than just numbers on the scoreboard, but how the points were won. Just the other day I was reading a scholarly piece on the effectiveness of meme marketing by the faculty of Griffith University in Queensland. It hit me. My American, effectiveness ignorance has blinded me. I now lag behind the rest of the world.

    Michael Simmons, Sendofy

    While the US obsessed over marketing technology, the rest of the world was attempting (imperfectly) to more knowledge about marketing efficiency and the marketing technology stack. Having worked in the technology sector, it was the last place I would have gone for marketing lessons. At best, marketing as a function was sales support.

    A case in point in this mis-application of focus was the relative performance of this year’s Super Bowl advertisements. I realise that this delve into marketing efficiency has at least made the case for a dramatic change in US-based CMOs. But not so fast, CEOs don’t think that their CMOs and marketing teams are performing that badly.

    CMOs: from the dog house to the boathouse

    American agency Boathouse have been doing an annual survey of CEO attitudes to marketing and their CMOs. The third edition of this survey was published in January this year.

    Some of the highlights of the report include:

    • CEOs identified what they want their CMOs and marketing teams to address: driving growth, market share/sales, differentiation, improving brand reputation, and “transforming company narrative.”
    • 49 percent of CEOs believe their marketing team is “best in class.”
    • 40 percent of CMOs are rated “best in class.”
    • One point I found quite interesting was that half of CEOs believe the short tenure many CMOs have “is a sign of success, not failure.”
    • CMOs’ perceived trust with C-suite stands at 43 percent and 41 percent with the CEO. This has doubled over the three years that Boathouse has been running this research project
    • In a bit of an odd note: CEOs believe CMO loyalty is growing, stating that “in a dramatic shift from 2021, the CEO’s perception of CMO loyalty is growing, [as] 8 in 10 CEOs perceive CMOs would take a bullet for them (up from 3 in 10 in 2021).”
    • 76 percent CEOs are “integrating A.I. into their organizations” and 90 percent believe that 90 percent of their CMOs are engaging with AI for the benefit of the company in areas such as “content, analytics (about two-thirds), and customer experience or research (half).”

    TL;DR CMOs don’t sound as if they will be disappearing in the next 18 months or so as Galloway believed.

    C-suite without powerful CMOs get punished.

    You could argue that CEO are the ultimate arbiters of CMO success, failure and tenure. But the reality for public companies is the large investors who can vote the CEO of most companies out of office. The key influencer in this decision process is the equity analysts who sit within, or advise client organisations such as fund managers.

    equity analyst

    Even if CEOs don’t think that their marketing is important enough to have a CMO, their shareholders will. Equity analysts have indicated that they rate brand strength and marketing as more important than reported profit, or leadership quality.

    Given that most of the c-suite can’t speak or do effective marketing, they really need their CMOs. Companies like 3G Capital and Reckitt Benckiser have been punished in public markets for failing at marketing, despite operational and financial excellence. Unilever has been punished for its focus on ESG at the expense of brand building and is even under regulatory investigation.

    More information

    “You’re Dead In 18 Months Or Less”: Scott Galloway On The Future Of CMOs – B&T

    UPS’ Removal Of CMO Role Reveals The Real Problem Facing The C-Suite

    Boathouse CEO Study on Marketing and the CMO | Boathouse

    Fortune 500 companies are cutting CMO jobs | Fortune

    The Unspoken Truth About CMO Churn | AdWeek

    Marketers, investing in market research is not superfluous | Marketing Week

    Gartner Survey Shows 73% of CMOs Will Fall Back on Low Risk, Low Return Strategies for 2021

    9 recent CMO departures that point to the radical transformation of marketing | Marketing Dive

    Mark Read: CMOs have become too much like chief communications officers | PR Week

    Coca-Cola’s decision to scrap the CMO role for a CGO should begin to pay off anytime soon | Observations In Marketing | The Thinking Marketer