The Immortal Life of Agencies Stagwell EMEA’s CEO: Challenging the global market - James Townsend
Today’s guest is James Townsend — CEO EMEA at Stagwell and also CEO of their Brand Performance Network. Stagwell is now a multi-billion dollar challenger to the established agency HoldCo.s, so how are they approaching growth differently to their competitors?
In a word: adaptation — by embracing the evolving needs of modern clients. James describes how Stagwell’s digital-first structure aims to be the ‘Goldilocks’ of holding companies — that ‘just right’ size between up-scale indies and the more established HoldCo.s.
He talks about combining creatives, strategists and over 1,500 engineers to focus on solving real-world client problems. And he’s got strong views on why some agencies get stuck in the past and how to avoid it.
James also shares how Stagwell approached performance-based pricing, what he’s learnt from rivals like Publicis and Accenture, as well as how they cultivate their entrepreneurial spirit while scaling globally.
HIGHLIGHTS
[01:55] Building a ‘just-right’ sized agency
[06:30] Choosing your clients
[08:06] Listening to the market
[11:21] Learning from mistakes
[16:49] Changing how agencies get paid
[21:44] Client-centricity in practice
[22:37] The importance of traditional account handling
[24:11] Learning from the big players
[26:23] Focusing on business outcomes
[30:48] Reasons to be optimistic
MORE ABOUT JAMES:
LinkedIn: linkedin.com/in/james-townsend-7329076/
Website: stagwellglobal.com
MENTIONED IN THIS EPISODE:
Project Spring: wfanet.org/leadership/project-spring
HOST SOCIALS:
Linkedin: linkedin.com/in/robinbonn
Twitter: twitter.com/robonn
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