Volume 2, No. 1
January 7, 2003
 
Hello. So what's going to make your agency successful in the new year? We asked several agency chiefs what they'll do differently to make '03 better than last year. See what they said below.

Joe Grant
joe@joegrantconsulting.com

P.S. You're welcome to forward this to your colleagues or they can click here to subscribe - it's free.
 
     Agency CEO 2003 Resolutions
  An informal poll of agency executives yielded the following 'resolutions' for 2003. Perhaps you'll get an idea or two from what your peers will be doing differently this year.

  • "We'll get over hoping that the good old days will come back." No more hand-wringing, this CEO said. "It's high time I changed the things I can, especially inside." Every agency leader knows what has to be fixed, removed, or stopped; it's usually just a matter of pulling the trigger.

    Try this: what one thing in your control - if you took a
    deep breath and just did it - would have the most positive impact?

  • "Our word for the year is going to be Value. We're going to educate our clients we're a value. And I'm not talking price." Absent specific differentiation, agency services too easily become commodities and suddenly you're competing with everybody who has a Mac on their kitchen table. Strong agencies constantly re-tell their value story and understand that their intangible services require ongoing buyer reinforcement. For a classic and still timely discussion of marketing intangibles like agency services, get a copy of Marketing Intangible Products and Product Intangibles by Ted Levitt, available as a reprint on the Harvard Business Review website. Every creative and AE should read it.

  • "This year I swear we're finally going to improve our people. I can't afford to believe that I can't afford training." People keep clients happy, not just ads that look nice. If you don't keep enhancing staff (and your own) skills, you're stuck in status quo. Truth is, most competitive shoot-outs are lost because an agency's people don't have enough horsepower. So improve your product by improving your people and you'll improve your business. There are lots of training resources out there (including us).

  • "It's time we make technology work right at our place." There's only one reason to write a check for more tech whiz-whaz: it will help free you to do more things faster and better. Resolve never to buy anything with a chip or LED unless you're guaranteed it will pay off in more billable time, better communication and faster turnaround. Agencies can multiply individual effectiveness and save dough with things like PC teleconferencing and wireless email. A personal aside: I use a combo cell phone-Palm Pilot- wireless email Treo 300 and love it because it saves me time, money, and space.

  • "We learned the hard way that we've got to listen to our clients better. They leave because we're not really hearing their expectations. I see red when account people claim they know what the client wants." It's pretty simple, really - tailor your services, products, and structure to known client expectations and you'll keep them. Install an objective account performance review program and you'll avoid myopia.

  • "We're going to outlaw PowerPoint. It's a crutch for deep thought plus it's cliché. Please don't read slides to me! If you can't explain it without those damn cue cards you're not much of a communicator. Look me in the eye and convince me!" Not much we can add to that.

  • "I'm going to be a lot tougher." This CEO told us that soon he's finally going to release two non-performing senior people whose combined packages exceed $300K, "...and I should have had the guts to do this years ago - it would have been easier." How about 'courage' as a motto for '03?

  • "For us, this will be the year we finally act like professionals. Meetings will start on time, inside due dates will be met or there'll be real consequences, and we're going to standardize and live by procedures so we stop the chaos." Yup, your infrastructure is one of the few things you have no excuse for not running right.
Maybe you were inspired by some of these comments. Thanks to the folks who gave us the input - you know who you are (we'll be checking to see if you hold to these promises!).

And to all our clients and associates, only the best to you in 2003.
 

 
 
 
 

 
Still the Best

Management resources come and go, but the Harvard Business Review remains the premier fount of knowledge and insight. Lately the writing is much more accessible and their web product lineup continues to improve with HBR Digital, free email updates, and an extraordinary catalog of downloadable business articles all at Harvard Business Online.

 

HR Problems?
HR Gopher provides thousands of 'people issue' links by topic on about everything - mergers, layoffs, crisis management, employee handbooks, to name only a fraction. It's a great resource, especially if you don't have much of an HR department.

 

Stay in Touch, Any Mode
We don't push products, but this one works for us: a combination organizer+phone+web browser+emailer called Treo 300 from Handspring teamed with Sprint's new PCS Vision network. Fast web and email downloads, good sized screen, easy to sync with your desktop, and a complete Palm Pilot, too. Pricey, but you're basically getting a Blackberry, cell phone, and Palm all in one unit. Check it out at Treo 300. Available at discount stores and on the web.
Client Brief Details
You're reading a complimentary electronic newsletter with insight and comment for agency principals and senior management teams based on the consulting experiences, workshops, and articles of Joe Grant. Copyright 2003 Grant Consulting Associates, Inc. All rights reserved. We encourage sharing in whole or in part if copyright and attribution are included.

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About Grant Consulting
Grant Consulting, formed in 1992 by Joe Grant, is a consultative resource for advertising agency principals who want to improve their agencies. The Chicago area firm works exclusively with agency senior managers to help them discover and then reach their full potential. Contact us at:
 
Grant Consulting
847-726-9898.
joe@joegrantconsulting.com
www.joegrantconsulting.com
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