20% - The Marketing Procurement Podcast cover image

20% - The Marketing Procurement Podcast

On Creative Effectiveness w/ George Tannenbaum

Oct 18, 2023
George Tannenbaum, veteran creative director, discusses the changing nature of the advertising industry, the deification of data, and why procurement deserves to win in negotiating battles. The importance of differentiation in advertising and the value of artful solutions are also explored. The evolution of creativity in advertising is discussed, highlighting the impact of data obsession on innovation, emotions, and human connection.
32:39

Podcast summary created with Snipd AI

Quick takeaways

  • Advertising has become undifferentiated, leading to a commodification of creativity and a focus on cost over quality.
  • The rise of digital advertising and fragmentation of media have challenged traditional agencies to adapt quickly to the changing landscape.

Deep dives

Advertising's Missed Mission: Differentiation

Advertising has forgotten its original mission of defining and differentiating brands. As agencies lose the ability to differentiate themselves, they become a commodity subject to price competition. Without clear differentiation, the value of advertising becomes undifferentiated as well, allowing procurement to prioritize cost over creativity. In the past, advertising served to highlight the unique qualities of brands, but now the industry has become more focused on undifferentiated rectangles, leading to a decline in creativity and a push towards commodity pricing.

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