how do you strike a winning agency model?

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co-presented by DANE LIM Deputy Director, Marketing & Communications Singapore Economic Development Board How do you strike a winning agency model? GOH SHUFEN Principal & Co-Founder R3 Worldwide

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Specialist or Integrated? What is The Best Agency Model Out There? Dane Lim – Head, Marketing and Communications at Singapore Economic Development Board and Goh Shufen – Principal and Co-Founder of R3 Worldwide presented this deck at #adtechasean

TRANSCRIPT

Page 1: How do you strike a winning agency model?

co-presented by

DANE LIM Deputy Director, Marketing & Communications Singapore Economic Development Board

How do you strike a winning agency model?

GOH SHUFEN Principal & Co-Founder R3 Worldwide

Page 2: How do you strike a winning agency model?

co-presented by

The next 30 minutes

• How digital has changed the way clients and

agencies work

• Agency model options out there

• How EDB decided on its agency model with R3’s help

• EDB’s successful case study

Page 3: How do you strike a winning agency model?

co-presented by

Watch video: http://www.youtube.com/watch?v=fmE4NU4ljUg

Page 4: How do you strike a winning agency model?

co-presented by

Watch video: http://www.youtube.com/watch?v=sr_EtMhM3fg

Page 5: How do you strike a winning agency model?

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Differing and overlapping

agency models and roles

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Page 6: How do you strike a winning agency model?

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Agency models out there

Page 7: How do you strike a winning agency model?

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LEAD AGENCY MULTIPLE

BEST-IN-CLASS

HOLDING

COMPANY (SIBLING AGENCIES)

HOLDING

COMPANY (CUSTOM AGENCIES)

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FREE AGENT ONE-STOP

SHOP

Commonly used by discipline

BRANDING

CREATIVE

MEDIA

RESEARCH QUANT.

CRM - PLATFORM

DIGITAL

RESEARCH QUAL.

CRM – PROGRAM

SHOPPER

MULTI-DISCIPLINARY

DIGITAL SUB-

DISCIPLINE

(EG. SOCIAL /

WOM)

MULTI-

DISCIPLINARY

Trending agency models

Page 8: How do you strike a winning agency model?

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80%+ of marketers still expect their Ad

Agency to lead the advertising process.

Agencies need to invest in the best

senior strategy, account and creative

talent in the main agency to lead

marketing planning

“One stop service

providers from creative

conceptualization to

digital to on-ground

activation ideas.”

Creative agency is

the preferred lead

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What Marketers Say

Page 9: How do you strike a winning agency model?

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Four years ago, P&G was spending more than US$1b in agency fees across 2,500 agencies.

Most of those agencies were also investing in Strategic Planning and there was a lot of duplication

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Brand Agency Leader Model by P&G

OLD MODEL

BAL MODEL

Page 10: How do you strike a winning agency model?

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A bespoke option with a difference

Add Coke Lounge Video

Watch video: http://www.youtube.com/watch?v=GyZaASQAuEI

Page 11: How do you strike a winning agency model?

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I don’t have an answer for you!

Specialist Digital Agency or Integrated?

Page 12: How do you strike a winning agency model?

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Unfortunately,

there isn’t a ‘magic model’ to follow

Page 13: How do you strike a winning agency model?

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What is your internal

organization structure like?

• What are your business objectives?

• What are your marketing priorities?

• Do you have generalists or specialists in

your team?

• Is your marketing team divided into

Brand/Digital/Corp Comm or is it

integrated?

• Is your marketing team equipped to

handle a roster of agencies?

• What are your existing digital activities and

assets?

• How much % of your budget is moving

towards digital?

• How digital savvy are your marketing

teams?

• Who manages your social media presence

and communications?

BUSINESS DIGITAL

Page 14: How do you strike a winning agency model?

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the agency considerations

• What is your existing agency model?

• Is it working for you? If not, what are the gaps?

• Is your current agency equipped to manage your growing

digital needs?

• Is your agency still competitive in the key markets

• What are you looking for in a digital agency- strategic support?

Tactical implementation? Community Management? Search

capabilities?

• Do you have the digital talent you need on your team?

And then look outside…

Page 15: How do you strike a winning agency model?

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Today marketing needs to happen in a digital

world as opposed to digital marketing.

1. Business solutions needed a media neutral approach

2. Provided higher chance of receiving 4Cs ideas (Creativity,

Content, Context, Conversation)

3. Opportunity for better integration and collaboration

4. Roles and responsibilities between agencies were clear

with limited avenues to ‘land grab’

5. Eliminated duplicate agency resources and thus more

efficient agency fee

Reasons EDB chose an Integrated Agency Model

Page 16: How do you strike a winning agency model?

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The Singapore Economic Development Board

creates sustainable economic growth

with vibrant business and good job

opportunities for Singapore &

Singaporeans

&Larry’s “Casting a Global Light” Installation at EDB’s Head Office

Page 17: How do you strike a winning agency model?

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Official Opening of

Lucasfilm Singapore's

Sandcrawler Building

16 Jan 2014

Page 18: How do you strike a winning agency model?

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48 EDB and Agencies

Page 19: How do you strike a winning agency model?

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20 Nationalities

Page 20: How do you strike a winning agency model?

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24 Youngest

50’s Most Experienced

Page 21: How do you strike a winning agency model?

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27 EDB Average

(excludes this presenter)

40 Agencies Average

Page 22: How do you strike a winning agency model?

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“Think” Horizontal,

“Act” Vertical

Tip no.1:

Page 23: How do you strike a winning agency model?

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Its all about the culture!

Tip no.2:

Page 24: How do you strike a winning agency model?

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Make it 24/7

Tip no.3:

Page 25: How do you strike a winning agency model?

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The USA Challenge for EDB

Page 26: How do you strike a winning agency model?

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Watch video: http://www.youtube.com/watch?v=LlDu4iYLSPQ

Page 27: How do you strike a winning agency model?

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300,000 unique video views

41,034 clickthroughs 13.65% click through rate

4,645 video hrs watched

713 websites reached

Organic social shares

804

Social interactions

25,286

58 sec average view time

2.3 million impressions 4.2 times b2b benchmarks

487% Twitter growth

Page 28: How do you strike a winning agency model?

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THANK YOU