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Page 1: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 2: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

PowerPowerNew IdeasNew Ideas

The The

!!ofof

Page 3: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Paul Romer... Paul Romer... “Ideas are a powerful driving force in our economy!”

“Ideas are a powerful driving force in our economy!”

Page 4: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

The Power of New Ideas !

The Power of New Ideas ! The Challenge of Change The Challenge of Change

New Agencies New Agencies

New Media... New Media...InteractiveInteractive New Marketing Services New Marketing Services

New Products New Products

Page 5: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

The Challenge of Change

The Challenge of Change

The Speed of Change The Speed of Change

Uncertainty More Volatility

Inertia

Uncertainty More Volatility

Inertia

Evaluation accelerates change

Evaluation accelerates change

Resistance to Change

Resistance to Change

Page 6: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

The Challenge of Change

The Challenge of Change

Information “PowerShift”

Information “PowerShift”

Innovation “The Dilemma of Success”

Innovation “The Dilemma of Success”

Page 7: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

The Challenge of Change

The Challenge of Change

Information “PowerShift”

Information “PowerShift”

Individualization “Personalization” is this The Next “P?”

Individualization “Personalization” is this The Next “P?”

Innovation “The Dilemma”

Innovation “The Dilemma”

Page 8: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

The P’s vs. the C’s

The P’s vs. the C’s

Four P’s Four P’s The Four C’s Consumer Cost Convenience Communication

The Four C’s Consumer Cost Convenience Communication It’s all about “The Fifth P” It’s all about “The Fifth P”

People People

Product Price Place Promotion

Product Price Place Promotion

Page 9: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Products:New Products: New Trends/Bad News New Trends/Bad News

Slow/No growth More Alternatives

Less Time

Slow/No growth More Alternatives

Less Time Campbell’s trying

to add convenience

and quality

Campbell’s trying

to add convenience

and quality

Page 10: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Products:New Products: New Trends/Good News New Trends/Good News

High growth Fills Unique Need

Saves Time PDA’s

High growth Fills Unique Need

Saves Time PDA’s Competition grows rapidly

Competition grows rapidly

Page 11: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Products:New Products: And Those New Trends Create More New Trends … and New Products

And Those New Trends Create More New Trends … and New Products

PDA Pants! PDA Pants!

Page 12: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Agencies:New Agencies: Agencies, like all businesses, respond to the market.

New & Growing Segments Asian-American

Agencies, like all businesses, respond to the market.

New & Growing Segments Asian-American

Eliot Kang - Kang & Lee

Eliot Kang - Kang & Lee

Page 13: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Agencies:New Agencies: Agencies, like all businesses, respond to the market.

New & Growing Segments Asian

Agencies, like all businesses, respond to the market.

New & Growing Segments Asian Hispanic Hispanic Melissa Lammers

Y&R Puerto RicoMelissa Lammers Y&R Puerto Rico

Page 14: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 15: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 16: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 17: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Agencies:New Agencies: Agencies, like all businesses, respond to the market.

New & Growing Segments Asian

Agencies, like all businesses, respond to the market.

New & Growing Segments Asian Hispanic Hispanic High Tech High Tech

Melissa Lammers Y&R Puerto RicoMelissa Lammers Y&R Puerto Rico

Mark KvammeCKS/MarchFirst

Mark KvammeCKS/MarchFirst

Page 18: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Media:New Media: New Target Segments New Target Segments

New Hispanic MagazinesNew Hispanic MagazinesLatin Pak - Hispanic DirectLatin Pak - Hispanic Direct

Page 19: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 20: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 21: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 22: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

THE New Medium...

THE New Medium...

New Media:New Media: New Target Segments New Target Segments

News Corporation Russian OutdoorNews Corporation Russian Outdoor

WorldwideGrowth

WorldwideGrowth

Page 23: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

The Beginning… 1969 ARPAnet 1971 e-mail 1986 NSFNET 1987 UUNET 1991 HTML

The Beginning… 1969 ARPAnet 1971 e-mail 1986 NSFNET 1987 UUNET 1991 HTML

The Internet:

The Internet:

Page 24: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Browsers & Web sites Browsers & Web sites

The Internet:

The Internet:

1993 Mosaic “GUI” 1993 600 Web sites 1995 100,000 Web sites!

1993 Mosaic “GUI” 1993 600 Web sites 1995 100,000 Web sites!

Page 25: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

The Internet:

The Internet:

1994 First Banners (HotWired) 1994 First Banners (HotWired)

Browsers & Web sites Browsers & Web sites 1993 Mosaic “GUI” 1993 600 Web sites 1995 100,000 Web sites!

1993 Mosaic “GUI” 1993 600 Web sites 1995 100,000 Web sites!

Page 26: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

OLD Advertising Choices OLD Advertising Choices

The Internet:

The Internet:

Do You Yahoo?Do You Yahoo?

Destination Sites Micro-sites Banner Ads

Destination Sites Micro-sites Banner Ads

Portals like AOL and…

Portals like AOL and…

Page 27: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

NEW Advertising Choices:

“ONLINE/INTERACTIVE”

NEW Advertising Choices:

“ONLINE/INTERACTIVE”

Technology and new advertising opportunities

Technology and new advertising opportunities

Page 28: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 29: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 30: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Marketing Services:

New Marketing Services:

The Continuing Shift to a Consumer-Driven Perspective

Account Planning(Agencies)

The Continuing Shift to a Consumer-Driven Perspective

Account Planning(Agencies)

Consumer Insight(Marketers)

Consumer Insight(Marketers)

Page 31: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

New Marketing Services:

New Marketing Services:

The Continuing Shift to a Consumer-Driven Perspective

DeeDee Gordon and “Cool Hunt”

The Continuing Shift to a Consumer-Driven Perspective

DeeDee Gordon and “Cool Hunt”

Not just what kids think, but

what the cool kids think.

Not just what kids think, but

what the cool kids think.

Page 32: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

The future?The future? Adaptability Stats Recent news

Adaptability Stats Recent news

Page 33: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Bob Pittman: Media Star Bob Pittman: Media Star

TV - a new idea… TV - a new idea… He starts He starts AOL AOL

AOL/Time-Warner “In charge of New Ideas” AOL/Time-Warner “In charge of New Ideas”

Started in Radio Started in Radio

From OLD to NEWFrom OLD to NEW

Page 34: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Bob Pittman Says… Bob Pittman Says…

“This is not a test. The Internet

has arrived.”

“This is not a test. The Internet

has arrived.”

“The mass market is moving to interactive.”

“The mass market is moving to interactive.”

“Convenience is King!” “Convenience is King!”

“Big Brands Win.” “Big Brands Win.”

From OLD to NEWFrom OLD to NEW

Page 35: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in
Page 36: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

"At the rate that technology is advancing, you know, people will be implanting chips in our children to advertise directly into their brains and tell them what kind of products to buy"

"At the rate that technology is advancing, you know, people will be implanting chips in our children to advertise directly into their brains and tell them what kind of products to buy"

Hillary Clinton (D-N.Y.), who didn't appear to be joking, at a Kaiser Family Foundation forum on media and children. --Newsday 7/21

Page 37: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Yahoo! is the most popular news and current events destination on the Web, with more than 15 million unique users visiting during the week ending June 25. NewsMax.com, Traffic.com and HuffingtonPost.com ranked as the top three advertisers on sites in the news category.

Yahoo! is the most popular news and current events destination on the Web, with more than 15 million unique users visiting during the week ending June 25. NewsMax.com, Traffic.com and HuffingtonPost.com ranked as the top three advertisers on sites in the news category.

Page 38: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

A new study by Atlas Institute purports to show that running search and display ads concurrently reinforces contextual advertising messages on search engines, yielding a higher conversion rate than when search ads appear alone.

A new study by Atlas Institute purports to show that running search and display ads concurrently reinforces contextual advertising messages on search engines, yielding a higher conversion rate than when search ads appear alone.

Page 40: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Following the success of the rejected WB pilot "Nobody's Watching" on YouTube.com, NBC has ordered six episodes of the show

Following the success of the rejected WB pilot "Nobody's Watching" on YouTube.com, NBC has ordered six episodes of the show

Page 41: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Interpret LLC is introducing a new service called Gameasure, designed to offer demographic and usage data for online games to help marketers decided which game is right for their ads.

Interpret LLC is introducing a new service called Gameasure, designed to offer demographic and usage data for online games to help marketers decided which game is right for their ads.

Page 42: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Apple CFO Peter Oppenheimer this week strongly hinted that the computer and iPod maker plans to offer a mobile phone product.

Apple CFO Peter Oppenheimer this week strongly hinted that the computer and iPod maker plans to offer a mobile phone product.

Page 43: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

Grupo Televisa, the Mexican broadcasting giant that recently came up short in a bid to buy U.S. Spanish-language network Univision, is suing that network, saying Televisa has the right to begin webcasting its telenovelas and other shows in the U.S.

Grupo Televisa, the Mexican broadcasting giant that recently came up short in a bid to buy U.S. Spanish-language network Univision, is suing that network, saying Televisa has the right to begin webcasting its telenovelas and other shows in the U.S.

Page 44: Power New Ideas The ! ! of n Paul Romer... n Paul Romer... “Ideas are a powerful driving force in our economy!” “Ideas are a powerful driving force in

NBC will be using data gathered by IAG Research, which monitors viewer recall of product placements, to demonstrate to advertisers that the network's viewing audience pays attention to programming details, including the plot of a particular episode. Toyota Motor is the first marketer to link its advertising buy to the level of engagement of the viewing audience.

NBC will be using data gathered by IAG Research, which monitors viewer recall of product placements, to demonstrate to advertisers that the network's viewing audience pays attention to programming details, including the plot of a particular episode. Toyota Motor is the first marketer to link its advertising buy to the level of engagement of the viewing audience.