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By Erwin Ephron

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Well here I am. Physicists see Chaos in the flight of a butterfly. The Greeks think of Chaos as the dark womb of the Universe. I clearly remember it as my brother’s closet. To me Chaos is a confusing jumble of all sorts of interesting and dodgy things – and what better describes the media world today? I often think about how the modern media agency, domesticated by more than a half-century of TV, must struggle with the wild, messy, super-chaotic world of media today. Chaos isn’t for sissies. Do Tools Really Think?
We use comfort words like “engagement,” we invent “thinking tools”. We study occult texts like “agent-based system dynamics” which all promise to make planning better. I was introduced to a media planning simulator at an ARF webcast a while ago. It made me wonder is this real, Magic or Science Fiction?
How is this different from Doug Henning’s advice to his fellow magicians: “To create good magic, we must get our audience to first suspend their disbelief." In marketing science there should be no call to suspend disbelief. Disbelief is the North Star. To be taken seriously you show proof of value. Back On Planet Earth Since planning is imposing order on chaos, what is the new model for planning media now that chaos is at flood? I don’t think the answer is in agent-based simulations as swell as the words sound. That’s too easy. It lets us substitute magic for a real think-it-through. B With zero-basing all budgets begin at zero each year. Each spend is determined by a realistic estimate of the dollar value of what that spend is intended to achieve. The spend goals of advertising can be increased penetration, higher price, better distribution. . . but only goals that can be measured and monetized.
The “reach” of television, the “believability” of magazines, the “excitement” of social networking – our favorite words give way to a mandatory estimate of each medium’s measurable contribution to the bottom line. Today, Chaos is re-defining the ad business and the first step in planning for Chaos is changing the way we plan.
Earlier version published September 2006 |
- 2/1/2010 -