All companies sell products or services at a price, and managing price is a major responsibility of top management. Car companies sell cars, and sticker prices are marked on side windows. Coca-Cola sells concentrate to its bottlers, setting price per gallon to match market circumstances. Pizza-Hut sells pizzas in restaurants, and pizza prices are marked on the menus. Bain sells consulting studies to corporations and prices them by study length and complexity. Agencies, though, are confused about what they sell and how to price it. Their ignorance of pricing is ruining agency operations and destroying agency value for clients, employees and holding company owners. The advertising industry is the only industry in the world without a concept of pricing. By Michael Farmer / Madison Avenue Manslaughter Archives
Since 1999, AHAA has honored those that have made significant contributions to the U.S. Hispanic advertising and marketing industry. Expanding on this program, AHAA has established the AHAA Hall Fame, which recognizes a select group of visionaries, leaders and luminaries who have made significant contributions to the development and advancement of the Hispanic advertising and marketing field.
This year, Alma DDB was a big winner at both shows. At the National ADDYs, Alma received the Best in Show overall for their Netflix “Spanish Lessons” – the first time any multicultural agency takes the top national prize. Alma also received 11 additional awards for Sprint, Clorox, and Netflix.
By Gonzalo López Martí - Creative director, etc / LMMiami.com
The UPS study found that almost all avid U.S. online shoppers (97%), made purchases on marketplaces, up 12 points from 2016, and that 81 percent cite price as the most important factor when searching for and selecting products online. According to respondents who purchased from an international retailer (47%), 43 percent were driven by lower prices on U.S. marketplaces and 36 percent wanted unique products not found from U.S. retailers.
Rosemary Ravinal has joined Univision Communications Inc. (UCI) as Vice President of Entertainment and Consumer Public Relations. Ravinal will oversee publicity efforts for UCI's portfolio of Spanish-language entertainment, broadcast and cable networks and serve as a primary point of contact with consumer media.
Círculo Creativo announced that Ciro Sarmiento, Chief Creative Officer at Dieste, has joined the nonprofit organization as President to work hand in hand with Gustavo Lauría and the Círculo Creativo Board of former presidents.
Criteo S.A. together with Kantar Millward Brown, released "Trade Marketing in Transition," a study commissioned to better understand how marketers are working with retailers to draw attention to their products.
The 4A’s revealed findings from two surveys monitoring consumers’ and ad agency professionals’ beliefs about brands taking political or social stances.
It's been exactly one year since the release of the K2 Intelligence report commissioned by the ANA, "An Independent Study of Media Transparency in the U.S. Advertising Industry," and the issue of media transparency continues to be a topic of industry discussion and debate. By Bill Duggan, Group EVP, ANA
Latinos have been part of the democratic process of permanently protecting millions of acres of public lands for their communities and for future generations. For example, the Latino community were active participants in the efforts to establish the Sand to Snow, Mojave Trails and San Gabriel Mountains National Monuments in California, Organ Mountains-Desert Peaks National Monument in New Mexico, Gold Butte National Monument in Nevada, and many other places.
Most of Gen Z — the generation born after 1995 — still aren’t old enough to buy alcohol, get married or hold their first job. But they’re already flexing their consumer muscles. More than 70 percent of Gen Zers surveyed for the NRF/IBM “Uniquely Gen Z” study released earlier this year say they influence family spending on everything from electronics and vacations to everyday household items.
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