Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Ad Value | Why do agencies pull out of awards?
BackBack

Ad Value | Why do agencies pull out of awards?

Ad Value | Why do agencies pull out of awards?

Marion ArathoonPremium

Marion Arathoon
Marion Arathoon

a) I don’t believe I need the vindication of awards, and I am confident that good work is enough to do the talking

b) There has been a dramatic change in the awards structure, and I suspect the new format is rigged or not progressive. Also, there are new categories I find senseless, and the categories I’m rooting for have not been added

c) Deep down, I don’t believe I have done enough good work this year; it is better not to be present than not win against the big boys

d) My agency is part of a global network and they are watching to see how we fare. They value winning at awards (and, since we may not do well, it makes sense not to be there)

e) It is too expensive and time-consuming to take part in so many awards. I would rather focus resources on participating in the Olympics of advertising—Cannes

f) Non-participation could sabotage the awards process itself, which was flawed anyway

g) There are too many lobbies at this awards, and I am being dragged in the middle. I don’t have the best relationship with some important jury members

h) Some of my big accounts are up for review, and losing could snap my prized relationship with client X

i) Focus is critical to winning awards, and some agencies plan their awards strategy a year ahead. The problem is, we have been more involved in new business pitches, M&A deals, this year

j) Scam ads are changing form, and a one-off ad for a big brand—or a campaign for a big brand where the motivation is not market results but medals—are par for the course now. Sadly, I don’t have such clients, or those I have are not willing to play ball.

Marion Arathoon is Mint’s advertising editor.

Your feedback is welcome at advalue@livemint.com

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 19 Mar 2008, 12:40 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App