The WARC Podcast cover image

The WARC Podcast

Fixing a broken business model

Mar 21, 2024
In this podcast, industry leaders Lisa De Bonis, Nick Baker, and Caroline Johnson discuss transforming business models. They explore shifts from billable hours to value-driven models, aligning marketing strategies with business goals, and the evolution of companies towards client-centricity. They also highlight the importance of leadership commitment, proving the value of marketing work, and refining strategies for success.
42:31

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Quick takeaways

  • Shift from effort to value-based models for increased client satisfaction and work efficiency.
  • Addressing cultural challenges is crucial for successful business model transformations by empowering employees and aligning values.

Deep dives

Challenges in Traditional Business Models and Need for Transformation

The podcast discusses the challenges faced by traditional agency models in the marketing communications industry, focusing on the shift from effort-based to value-based approaches. It highlights how agencies struggle with declining growth, lack of profitability, and maintaining effective partnerships with clients. Examples are provided from different agency experiences that led to the realization for the need to transform their business models.

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