Recently, whilst out-and-about in the branding community, conducting what I now refer to as “the rounds”, I noticed a worrying vacuum or, in the wider context of things, an opportunity well worth exploiting.
It is undeniably tough out there – clearly illustrated by frugal cost-cutting, unpaid leave, head-count freezing and many other cautious, overhead reducing activities. However, I am amazed at how so many senior managers are undervaluing the importance and holistic benefits of a clear marketing and business development strategy.
On mass, agencies already on the verge of collapse have started advertising vacancies for generic new business positions. Their posts command applications from candidates who can guarantee a rolodex of clients and qualified leads. In return they offer little more than the most basic salary, an unclear future and very little, if any, security. They too often rely on badly managed and out-of-date contact lists and assign the task of cold-calling to reluctant if not actually telephobic staff, or outsource it to apathetic third-party telephonists.
How then can consultancies expect to grow, during a time when salaries are cut, morale is at an all time low and unpaid leave is encouraged? The answer, I suggest: Agency leaders themselves need to start thinking outside of the box.
Senior partners and managing directors: Regardless of the current economic situation, if the process of business development is not introduced and encouraged throughout the structure of your business, and its importance promoted through every role featured on your organogram, you really will only have yourselves to blame when you are forced to reduce overheads further. Accountability cannot be outsourced.
Developing new business is itself just one component, one step within a wider business development model – a model that includes effective account management, dedicated client service and creative direction. Business development should sit at the core of every business function, and for it to be implemented successfully, the firm’s leaders need to recognise and promote its importance from the outset.
It can help, too, to go back to grassroots, find out what is it that motivates both account managers and creatives, and take time to define the opportunities that your strategists and planners are dreaming of. Surely, the thrill of working on an exciting brief, or pitching to win a new piece of business is a good starting point. By encouraging and endorsing ‘new’ business development in this way you will unlock potential – be it personal ambition and a chance to shine, newly revealed relationships, other previously hidden assets or a surprisingly innovative solution.
Developing new business should not be a lonely, sit-in-the-corner-and-pick-up-the-phone job. In much the same way that as consultants we help clients to positively penetrate the hearts and minds of their employees, agency leaders should encourage, promote and incentivise in-house the function of identifying and nurturing relationships.
Whether you employ a senior professional, or choose to take it upon yourself, you should treat business development as a well-oiled and well-maintained management tool. Business development should sit comfortably within every employee’s remit – especially in those of your most senior team. Remember, people buy people!
Source: Brand Republic, 10-Jun-09
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Branding and design consultancy gsFitch has appointed Breathe Branding’s former Strategy Director Dan Dimmock to its executive management team as Senior Brand Strategist.
