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Mr. Les Binet - European Director, DDB Matrix, UK Having read physics at Oxford, Les took an MPhil in artificial intelligence at Edinburgh University. In 1987, he joined the account planning department at BMP (now DDB London), where he turned his modeling skills to the problem of measuring the effects of advertising. He currently heads DDB Matrix, DDB’s in-house econometrics consultancy. Over the years, Les has worked for a wide range of clients, including Unilever, Heinz, Nestlé, Volkswagen, Johnson & Johnson, Kraft, Sony, AXA, and Anheuser Busch. He has also played an important part in establishing DDB’s reputation for effectiveness, having won more IPA Advertising Effectiveness Awards than anyone else in the history of the competition. Since 2001, he has served on the IPA’s Value of Advertising Committee, helping to promote effectiveness and evaluation in the wider marketing community. In 2004 he was elected an Honorary Fellow of the IPA, in recognition of his services to the advertising industry, and in 2005 he was Convener of Judges for the IPA Awards. In 2007, Les Binet and Peter Field published Marketing in the Era of Accountability, a major study of the factors that influence marketing effectiveness. This research is based on the IPA dataBANK, a database of effectiveness case histories, which Les and Peter helped to design and build for the IPA.
Talk Online Publication: Jan 2009
How to cite this talk: Binet, L. (2009), "Is TV a dying medium?", in Alps, T. (ed.), TV Advertising in the UK: The art of engaging viewers and creating successful advertising, The Marketing & Management Collection, Henry Stewart Talks Ltd, London (online at http://hstalks.com/go)
Direct talk access link: http://hstalks.com/lib.php?t=HST73.2052&c=250
TOPICS COVERED IN IS TV A DYING MEDIUM? 3 myths about TV advertising | The effectiveness of TV: findings from the IPA dataBANK | Why TV works so well | The importance of broadcast media | The importance of fame | The importance of emotion
1. Introduction 2. Conventional wisdom: TV is a dying medium 3. Too many myths, not enough data 4. "Marketing in the era of accountability" 5. Myth 1: people are watching less TV 6. McKinsey's 2006 report 7. UK TV viewing has not changed in 30 years 8. US TV viewing continues to rise 9. Myth 2: young people don't watch TV 10. Teenagers watch almost as much TV as adults 11. Myth 3: TV costs are out of control 12. McKinsey's 2006 report - spending is not prices 13. Cost of reach now lowest since the 1970s 14. TV effectiveness: findings from the dataBANK 15. TV is a highly effective medium 16. TV is a highly efficient medium 17. TV is getting more effective 18. So why does TV work so well? 19. The importance of broadcast media 20. The rise of loyalty marketing 21. Behavioural objectives 22. Exploding the loyalty myth 23. Typical cost per impact for different channels 24. The importance of fame 25. Wrong targets, wrong metrics 26. The power of fame 27. More metrics that move - more effective campaign 28. Effectiveness of campaigns that aim for fame 29. Fame campaigns: broader business success 30. Talk value 31. The importance of emotion 32. Emotional strategies are the most profitable 33. Emotional campaigns work in 'rational' categories 34. The value of emotion 35. Price is the key to profit 36. The ultimate "loyalty" measure? 37. What about other channels and media? 38. TV outperforms print media 39. Effectiveness of different media 40. Conclusions 41. Why TV ads work so well 42. Why TV ads are getting more effective 43. What about PVRs? 44. TV advertising is alive and kicking 45. Full data available via warc.com 46. END
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