Change or Die! A Quarter Century of Ad Industry Warnings Go Unheeded

39Change or Die39 is the Chapter 1 title of my 1993 book Adbashing Surviving the Attacks on Advertising My message then reprinted below without change was eerily similar to the core message of Auletta39s new book and Greenberg39s warning Those who believe we can as an industry continue to ignore warnings and believe that traditional business models are sustainable should take noteChange or Die Facing Reality Are Advertising and Media DyingReprinted from Adbashing Surviving the Attacks on Advertising by Jack MyersAmerican Media Council 1993Business is dead They killed that proposal It39s a dying brand The Fall 1991 issue of Best of Business headlines quotMadison Avenue is at a Dead Endquot In business death and dying is a constant theme The threat of failure of dying amp8211 hangs over every presentationamp8230 every business decision Fear pervades the business community so much so that any degree of risk becomes unacceptableChange by its very nature involves risk So naturally business has become riskaverse On the surface the advertising business appears to be a business where change comes with the territory Witness the growth of cable television and the upheaval caused by recent government regulations Study the dramatic fragmentation of the magazine industry Changes in the retailing industry and the resulting rise of trade and consumer promotion have come at the expense of traditional advertising Ad agencies are continually opening and shuttering their doors agency firings and hirings are taking place at an accelerated paceBut the state of constant change is deceiving In reality the marketing advertising and media businesses are staid and relatively unchanging Practices and influences from as far back as the late1800s are still dictating decisions In the new media and marketing environment of the 21st century many of these practices will no longer be relevantamp160 Worse these practices are killing the advertising business Adherence to the past and reliance on traditional means of conducting business have precipitated a collapse of the foundation structures and principles upon which the advertising industry and our nation39s economic support system are basedDuring the past 20 years America39s marketing muscle upon which is built its worldwide economic and political strength has been sapped Case studies charting the decline of US industry fill the bookstores It is time to take a hard look at our approaches to marketing First are the resources with which we make marketing decisions relevant to today39s corporations Second are advertising agencies prepared to respond to the radically altered environment in which they are operating And third can media companies react to the explosion of technological advances the expanding universe of media opportunities and the impact of interactivityThis book is about change why and how the marketing advertising and media businesses must completely change the concepts premises and strategies upon which they operate Much of this book is focused on changes that have taken place in society and the hidden impact they are having on the foundation of financial and consumer support for the television programs we watch the magazines and newspapers we read the radio stations to which we listen the products we buy the stores and locations in which we shopIt offers a guide for reviewing the role of advertising in American life and for recapturing America39s marketing leadership Those in the marketing advertising and media industries may find this book to be a map for the future or they may be threatened by it Perhaps both Those with a more casual interest in the topic should at the very least be entertained by and hopefully be educated about the important contribution marketing advertising and media make to our everyday lives I hope all readers will be enlightened and will think about how they are responding to the reality of a changing world My goal in writing ADBASHING is that all of us in advertising and media may change and thrive and never be forced to confront the prospect of working in a dying businessJack Myers Note Advertising and media ranks last among fifteen industries in attracting and retaining talent Starting salaries are among the lowest Economic analysts express concern that once the current wave of media industry consolidation passes there will be little incentive to invest in the industry Marketing budgets have increased only an average of 05 annually for more than two decades and are down in the double digits when factoring inflation The signs are clear the solutions remain unclearClick the social buttons above or below to share this story with your friends and colleaguesThe opinions and points of view expressed in this content are exclusively the views of the author andor subjects and do not necessarily represent the views of MediaVillagecomMyersBizNet Inc management or associated writers

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Change or Die! A Quarter Century of Ad Industry Warnings Go Unheeded

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