IPA and ISBA launch Marketing Effectiveness Culture Monitor
The IPA and ISBA have launched a survey into marketing effectiveness with the aim of benchmarking the culture and working practices of agencies and brands.
The inaugural Marketing Effectiveness Culture Monitor will assess each of the four marketing effectiveness quadrants - people, process and focus, plus data, tools and measurement.
The survey is designed to build on a bank of work from the cross-industry IPA EffWorks initiative, launched in 2017, that explores how a marketing effectiveness culture can drive more productive client agency relationships and better brand and business outcomes.
Janet Hull OBE, director of marketing strategy, IPA and executive director, IPA EffWorks said: “Having an agenda around creating an effectiveness culture means that you have to look not just at what you are doing, but how you are doing it, and why. By having one embedded, the benefits are widespread: it aligns agency and client understanding; it strengthens the relationship between agencies and brand owners; it demonstrates the pivotal role of agencies in the success of brand owners; and on a macro-level, it drives prosperity and GDP growth.
“It also helps manage the issues around uncertainty that have pervaded our industry over the last year and enables a more agile mind-set and one that is more able to balance long and short term objectives.”
Findings from the study will be analysed by former Samsung effectiveness expert, Go Ignite Consulting’s Nick Milne, and will be announced in September ahead of the IPA EffWorks Conference in October.
The analysis will help inform agencies and brands how to improve; focus IPA educational and developmental resources; and inform additional content and other support to create continuous learning.
Clare O’Brien, head of media effectiveness and performance, ISBA said: “Tracking and measuring advertising and marketing effectiveness is gathering in complexity and is increasingly an organisational issue requiring a cultural response. Partnering with the IPA after its original Effectiveness Culture study, to examine trends within organisations, provided great material for our marker members to widen their conversations with colleagues across the organisation. We are delighted now to support this new development, which will provide brands with greater insight into how and where they can improve their effectiveness cultures.”
To take the 10-minute survey, click here