Image by DavidErickson via FlickrI recently asked several of my peers in the advertising world for their views on a few things, one of which revolved around the future of the Ad Agency. Tony Altilia, one of my first bosses in the Agency game back in 1985, (who is now a principal at http://www.maximpartnersinc.com/ in Toronto), replied with this link to a recent article in Fast Company called Mayhem on Madison Avenue. http://www.fastcompany.com/magazine/151/mayhem-on-madison-avenue.html?page=0%2C0. To me I think the article is required reading for anyone who is related to the Advertising Agency world in anyway today. Lines like "They're all well aware that coding is now prized over copywriting and that a resume that includes Xbox and Google is more desirable than one featuring stints at BBDO or Grey." should make classic agency people shudder. Currency today is technology and insight to stakeholders and communities. Both of these demand an open mindedness that has not been the hallmark of the traditional advertising agency.
As another one of my former colleagues, Chris Beaumont (Past CEO Grey Japan), said, "perhaps this Brand New World demands a new 'agency' paradigm - where we look at what it is important to be an 'agent for'...". I think Chris has hit the nail on the head and that those firms that figure out what the word "agency" means today will be the winners. The days of Mad Men went decades ago, as did the original definition of "Agency". No longer do you need an ad agency as a 'go between' media companies and marketers. No longer do you need an ad agency as a 'go between' stakeholders and the organization. So the question I ask you is what defines "Agency" today?
