Peter Kim over at Forrester's has written a terrific report about what clients are looking for in a "21st Century Agency".
If you are a subscriber you can download the report here:
http://www.forrester.com/Research/Document/Excerpt/0,7211,41433,00.html
The table of contents says it all:
- Advertising Agencies Overestimate The Role They Play
Agencies Still Wield A Lot Of Influence...
But Media Shifts Expose Major Weaknesses
I think highlights several issues that are plaguing the advertising agency business.
1. Agencies still think their shit don't think. They still think that it all starts and stops with them. Yet there is a ton of research that says that clients are losing faith in an agency's ability to help them navigate through the confusing issues they now face in regard to the online space, mobile, and other platforms that are reshaping the marketing landscape.
2. That said. clients are also BEGGING for agencies to step and and reclaim the role of key adviser on these issues. As those of in the business know, it's hard work keeping up with these changes. It's one of the things that makes it such an exciting time to be in the business. Clients want help. Client want to be led. They want their agency to be the first place they turn for advice.
But agencies have allowed themselves to lose this position as number one adviser. We must reclaim this position if the business is to survive in some sort of form that resembles the current agency structure.
"Media Shifts Expose Major Weaknesses" in agencies is all about technology. Clients want to know that their team understands what's happening, can easily explain it to them, and push them and their brand in the right direction and partnerships.