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Overview of Advertising Agencies and Services

Chapter 5 discusses the evolution and structure of advertising agencies, including the history of the agency business, the concept of full-service agencies, and the various forms of agency compensation. It outlines the different ages of advertising, from the Early Age to the Digital Age, and highlights the importance of agency-client relationships and specialized services. Additionally, it covers the organizational structure of agencies and the role of mega-agency holding companies in the global advertising landscape.

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0% found this document useful (0 votes)
13 views28 pages

Overview of Advertising Agencies and Services

Chapter 5 discusses the evolution and structure of advertising agencies, including the history of the agency business, the concept of full-service agencies, and the various forms of agency compensation. It outlines the different ages of advertising, from the Early Age to the Digital Age, and highlights the importance of agency-client relationships and specialized services. Additionally, it covers the organizational structure of agencies and the role of mega-agency holding companies in the global advertising landscape.

Uploaded by

ssvimht
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

Chapter 5

The Advertising Agency,


Media Services, and Other
Services
Objectives_1

Understand
• The agency
• The history of the agency business
• The full-service agency
• Global advertising agencies

5-2
Objectives_2

Understand
• Agency and client relationships
• Forms of agency compensation
• Other advertising services

5-3
Agency Challenge

5-4
Advertising Red Books:
Directory of Agencies

• Company name
• Annual billings
• Company address
• Breakdown of billings by
media
• New accounts
• Key personnel
• Number of employees
• Branch offices
• Specializations
5-5
How Agencies Developed

The Early Age

The No-Rebate Age

The Age of Negotiation

The Reengineering Age

Media and the Digital Age

5-6
The Early Age
(Colonial Times to 1917)

• Space salesman • Agency-client


• Space wholesalers relationship
• First rate directory • Curtis No-Rebating
• Shift to creative rule
center • Standard
commissions
• AAAA founded

5-7
American Association of
Advertising Agencies
founded 1917

5-8
The No-Rebate Age
(1918 to 1956)

• Radio
• Television
• Electronic Data Processing

5-9
The Age of Negotiation
(1956 to 1990)

• Consent decrees stopped no-rebating


provisions
• 15% commissions remained but total
compensation became an issue

5-10
The Reengineering Age
(1990 to 2000)

• Mergers created giant communication


• Integrated services became a buzz phrase
– Advertising
– Public relations
– Package design
– Web design
– Sponsorship
– And more….

5-11
Media and the Digital Age
(Since 2000)

• Agency holding companies


• Media services agencies
• Global clients
• Interactive agencies

5-12
The Full Service Agency

A full-service agency is one that


handles planning, creation, production,
and placement of advertising (and other
aspects of IMC) for its clients.

5-13
The Agency Process
for New Clients

Diagnosing the Marketing and Brand Strategy

Setting Objectives and Developing Strategy

Creating the Communication

Notify Trade of Forthcoming Campaign

Billing and Payments

5-14
Creating the Communication

• The Media Plan


• The Total Plan
• Evaluation Plan

5-15
Exhibit 5.4
Organizational Structure

5-16
Exhibit 5.5 Typical
Team Responsibilities

5-17
Jay Chiat
on Agency Reengineering…

“We believe the hierarchical structure [of the


traditional agency], if not obsolete at present,
is on its way. The traditional pyramid is about
personal power and focuses on how to run a
business. Most of the decisions are about the
organization’s needs—fiscal and
administrative issues. An agency is a service
organization whose sole existence depends
on satisfying client needs.”

5-18
Agency Life

• Evolution of • Agency of record


agencies • Multiple offices
– Specialization • Global
– Size representation
• Competing accounts • Agency networks
• Client-agency
relationship length

5-19
JWT’s
Global Agency Network

5-20
Coca-Cola Creates
a Global Dialogue

5-21
Mega-Agency
Holding Companies

Interpublic’s network
includes 33 full-
service advertising
agencies from 87
agencies in the
communications and
marketing industries.

5-22
Top 5 Mega Conglomerates

• Omnicom Group • Publicis Groupe


• WPP Group • Dentsu
• Interpublic Group

5-23
Other Advertising Services

• Talent and production agencies creating


creative
• Independent creative services
• A la carte agencies
• In-house agency
• Rolodex agency
• Media buying services
• In-house media services
5-24
Exhibit 5.10 Created by
Broyhill’s In-House Agency

5-25
Forms of
Agency Compensation

• Media commissions
• Production
commissions or
markups
• Fee arrangements
• Performance fees

5-26
Other Services

Research Managing
Barter
integration

5-27
For Discussion

• What is a full-service agency?


• Explain the organization of a global
agency network.
• What is an agency of record?

5-28

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