2.2 Agency Landscape Flashcards
How would you describe today’s communications landscape?
The communications landscape is now filled with many different agency models. Most clients work with a roster of agencies, each fulfilling a different role within the communications mix. There are a few key agency types.
T/f: Most clients work with a roster of agencies, each fulfilling a different role within the communications mix. There are a few key agency types.
true
list four of the key agency types?
- Advertising
- PR
- Digital
- Media
What type of agency specialises in the placement of ads, such as TV, outdoor and digital.
Media
What type of agency create adverts and often define the brand strategy.
Advertising
What agency type often define the brand strategy
Advertising
What does the Digital agency do?
They focus solely on the digital elements of marketing, for example, search engine optimisation (SEO) and social media.
Wha do PR agencies do?
They oversee a brand’s reputation and narrative.
Historically there have been three ownership types within the agency world. What are they?
- Independent Agencies
- Agency group
- Global Network
Independent Agencies
- These tend to be owned by their founders or private investors.
- Mother is an independent creative agency, and the7stars is an independent media agency.
- The advantage of independence is that owners can run the agency without external influence.
Independent agencies tend to be owned by who?
Their founders or private investors.
What is the advantage of independence?
Owners can run the agency without external influence
What is an agency group?
- This is a collection of agencies owned by a single company.
- These agencies might compete in the same specialism or be from various disciplines
Chime is an example of an agency group.
What is an example of an agency group?
Chime
Global network
There are six major holding companies. They are all owned by a central holding company. WPP is the world’s largest advertising network and owns agencies from all disciplines, from PR, advertising and media to digital and data.
Some of these agencies were independent until they were acquired by the network or merged with another agency. adam&eveDDB was born when Omnicom Group (who owned DDB) bought independent agency adam&eve and merged the two companies.