
Champagne Strategy
Part 2 - Where did brand campaigns came from? The history of advertising agencies, marketing & growth - S4 Ep16
Podcast summary created with Snipd AI
Quick takeaways
- Brand campaigns have evolved over time, influenced by practicality, competition, and culture, with companies leveraging multiple products in their campaigns as businesses grew larger and had product lines with similar offerings.
- The advertising industry faces challenges and fragmentation, with various channels and agencies competing for clients' budgets, resulting in confusion for decision makers and a reliance on acronyms and buzzwords.
Deep dives
The Evolution of Brand Campaigns
Brand campaigns have evolved over time, influenced by practicality, competition, and culture. In the past, companies with similar products could create brand campaigns that feature multiple products, which became practical as modern businesses grew larger and had product lines with similar offerings. Competition among agencies led to the birth of advertising agencies that focused on creative execution. The rise of new media channels like radio and TV in the 1920s-1940s allowed agencies to form bigger groups and sell advertising space. The Great Depression led to the emergence of brokers who facilitated payments for advertising space. With the advent of digital media and the dotcom boom, tech companies became skeptical of traditional advertising and focused on product adoption and distribution. This led to the growth movement, which emphasized growth hacking, test and learn methodologies, and distribution strategies. The industry also shifted towards emphasizing brand communication and purpose-driven marketing. Holding companies acquired digital agencies to stay competitive, leading to the separation of brand and performance marketing. The complexity of the media landscape and vendor competition has created confusion among marketers. The influence of history and agency dynamics still shapes decision-making in marketing. The industry continues to debate the value and effectiveness of brand campaigns.