Please login to the form below

Creativity has lost its worth

Creativity has lost its worth, and sadly it is undermining effectiveness
You only have to go back to 2011 and the IPA’s findings from The Gunn Report and the IPA Databank to know that there is “a direct correlation between strong advertising creativity and business success, and that high levels of creativity make advertising campaigns some 12 times more efficient at increasing a brand’s market share.”

Fast forward to 2016 and the IPA released disturbing evidence that the success of creativity had halved over a period of just four years.  Factors found to be responsible were a shift to short-termism, and lower campaign budgets leading to lower levels of excess share of voice or ESOV (share of voice minus share of market).

Yet, I feel something else has changed. As a new breed of digital marketer emerges –  a marketer focused on text ads, SEO, open rates and click through rates – what we are seeing is less value placed on a creative idea and too much emphasis placed on the ‘more easily measurable’ aspects of modern marketing. We are witnessing the commoditisation of creativity, and sadly it is undermining effectiveness.

In addition, procurement departments are squeezing agency margins, pushing to pay agencies for very little, if any, thinking time while expecting to get the same results. What doesn’t seem to be understood is that creativity takes time – all the ideas (good and bad), need to be put on the table, explored and while some are discarded the great ideas bubble to the surface and are then developed. Strategists too need time to explore and think and be curious.



Creativity has lost its worth

There was a time when ideas were pitched with a price tag attached, much like a piece of art. Now, however, it seems great ideas are not valued and price takes priority. Ultimately you get what you pay for.

All of us at Page & Page work in this industry because we want to do extraordinary things for extraordinary people. We want to put a feather in the cap of our clients by coming up with ideas that exceed KPIs, meet objectives, impact business, and win awards.  Creativity is what gets us out of bed in the morning and what fuels us during our day. In a time where it is easy for budgets to get chewed up by the multitude of customer segments and channels we need to cater for, I suggest that we all take a minute to think about the value of creativity because, at the end of the day, the link between creativity and effectiveness will always exist. Those who invest in creativity and aim for the extraordinary will come out on top.

If you see the value in creative thinking and need help with a big idea, why not contact us?

This article was originally published here.

9th July 2018

Share

Tags

Company Details

Page & Page and Partners

+44 (0)20 8617 8250

Contact Website

Address:
76 Calverley Road
Tubridge Wells
Kent
TN1 2UJ
United Kingdom

Latest content on this profile

Senior team at Page & Page become Partners
Page & Page and Partners are announcing the appointment of their senior management team to partners in the agency. The new partners will be actively involved in shaping the future of the business as well as having a financial stake in its future.
Page & Page and Partners
The concordance conundrum: the art of active listening
The art of active listening explores the links between effective communication and better patient concordance and medical outcomes, why many HCPs still overestimate their ability to communicate effectively and the opportunity this presents to industry to better support HCPs in this role.
Page & Page and Partners
The concordance conundrum: understanding the complexities of behaviour change
Understanding behaviour change looks at the six fundamental steps required to change human behaviour and discusses why HCPs need to start here if concordance is to be improved.
Page & Page and Partners
The concordance conundrum: creating space for open dialogue
Growing numbers of patients want a partnership model with their HCP, whereby both parties are equally involved in the decision-making process. This model has been linked with an increase in treatment concordance. However, achieving this delicate equilibrium does require the pharma industry to support HCPs to do their job more effectively when interacting with patients. So how can industry help?
Page & Page and Partners
The concordance conundrum: the tech divide
COVID-19 resulted in the rapid adoption of virtual consultations; while they offer increased accessibility and convenience for some, are they really all they are cracked up to be? Consultations in a virtual world explores the pros and cons of virtual consultations and the responsibilities that the private sector and tech community should address with regards to ensuring that the poorest and most vulnerable in society don’t get forgotten or left behind in a seemingly more digital world.
Page & Page and Partners
Improving patient concordance: where does industry fit in?
What’s in a name? explores the idea that those healthcare organisations that develop tools and support structures to improve concordance will be at an advantage when it comes to product procurement from HCPs in the future.
Page & Page and Partners