The Advertising Agency Account Executive of the Future

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The Account Executive of the Future

description

It’s not easy being an account executive. Today, the once mighty account service function is searching for a meaningful role. And, for many, the road ahead looks bleak. But it doesn’t have to be. Here’s a formula that can brighten the future for account executives.

Transcript of The Advertising Agency Account Executive of the Future

  • 1. The Account Executive of the Future
  • 2. How It Used To Be Hollywood Version Larger Than Life
  • 3. A Lot Has Changed
    • How did we get where we are?
    • What are the opportunities?
    • A brief look back?
    • And a look ahead
  • 4. A Look Back
    • Then, he did it all
  • 5. Slow Erosion
    • The AE was copy contact
    • Creative departments emerged
    • Media planning and buying
    • Account planning
    • Sales promotion, PR, direct marketing
  • 6. The AE Today
    • A diminished generalist in a growing field of specialists
  • 7. The Retreat
    • Micro-managing tactical client work
    • Into the arms of the client
    • Revolving relationships
    • Ah, for the good old days
  • 8. The Marginalized AE
    • Not a pretty picture!
  • 9. Emerging Developments
    • Changing consumer
    • Non traditional media
    • Client procurement processes
    • Extranet systems
  • 10. So, What is an AE to do?
    • First, get over the past
    • Second, get ready for the future
    ?
  • 11. Some serious redesign is in order
  • 12. What do we see?
    • The AE will
    • Have a business mindset
    • Be a superb diagnostician
    • Be a marketing expert
    • Think like the clients customers
    • Be a skillful sales person
    • Grasp non-traditional media
    • Act like a producer
  • 13.
    • Relationship manager
    • Client market success
      • Not just client satisfaction
    • Win-win focus
    • Mutual respect
    1. Business Mindset
  • 14. 1. Business Mindset
    • The AE of the future will be responsible for making sure the business relationship between everyone at the client and the agency works
  • 15.
    • Inadequate diagnosis is a major cause of client defection
    • Client complexity
    • What they really mean
    • Penetrate the client psyche
      • Scientifically and programmatically
    2. Superb Diagnostician
  • 16. 2. Superb Diagnostician
    • The AE of the future will be responsible for thoroughly and systematically understanding the client from the inside
  • 17.
    • Must not just speak advertising language
    • Understand the minds of client marketing people
    • Understand the competition, distribution, pricing models, etc.
    3. Marketing Expert
  • 18. 3. Marketing Expert
    • The AE of the future will be responsible for thoroughly understanding, and being conversant in, the clients entire marketing picture
  • 19. 4. Clients Customers
    • Effective communications requires empathy
    • AE is in the best position
    • Walk in the shoes
    • Thinking like the customer is different from thinking like the client
  • 20. 4. Clients Customers
    • The AE of the future will assure that the clients message to its customers is both powerful and personally relevant
  • 21. 5. Skillful Salesperson
    • Not a dirty word
    • Helping clients find satisfactory solutions
    • Position the client to recognize, and accept, the benefits of the agencys proposals
    • Not a job for amateurs!
  • 22. 5. Skillful Salesperson
    • The AE of the future will be a professionally trained, skillful salesperson
  • 23. 6. Grasp Non-Traditional Media
    • Mistake one Just stick with TV and print
    • Mistake two Denigrate new media
    • Mistake three Defer to the specialists
  • 24. 6. Grasp Non-Traditional Media
    • The AE of the future will be able to work holistically using all methods of reaching the clients target audience
  • 25. 7. Act Like a Producer
    • There is a big difference between a star and a producer
    • The Hollywood AE was a star
    • But, there had to be a producer before he could become a star
  • 26. 7. Act Like a Producer
    • This is a very big, and very basic, change in thinking!
  • 27. 7. Act Like a Producer
    • The AE of the future will be comfortable letting others be the stars and take pride in being known as a masterful producer, without whom the stars would not shine
  • 28. Whoa!! Whats Missing ?
  • 29. Project Management!
    • The plague of good account service
    • Traffic on steroids
    • Separate strategic from tactical
  • 30. Thats What We See
    • Its a reinvigorated, tightly focused role
    • It speaks leadership
    • It demands passion
    • It requires special knowledge
  • 31. And
    • It will be fun and rewarding!