New Institute of Practitioners in Advertising (IPA) President Nigel Vaz has issued a clarion call to the advertising industry to transform to become partners for growth for clients in a world of rapid and fundamental change. Vaz unveiled his ‘Reimagine’ agenda in his inaugural speech to an audience of leading figures from the communications and wider business communities at the IPA's Members’ Lunch.
Vaz, the first IPA President from a technology background and the first of Indian-American heritage, pledged to use his different perspective to change the relevance of agencies to clients, and to establish agencies as partners for growth.
Says Vaz: “Most companies are great at their core business, but not great at reimagining the future of their business. Agencies are no different from their clients in this regard. Our challenges and future success are interconnected.
“My agenda will be to Reimagine – to build new relevance and maintain it. We must reimagine our Role, Revenue and Responsibility. Through these three Rs we will commit to helping our clients transform for the future and, by so doing, we will reimagine relevance for ourselves."
In setting out his ‘Reimagine’ agenda, Vaz outlined the three focus areas:
The transformation of agencies’ role and relationships with clients will reflect our changing times and developing technologies – helping clients to reimagine their businesses and the way that they engage with their customers. Agencies will commit to become clients’ partners for growth, by transforming agency models and ways of working. This will be achieved through:
Revenue is the golden ticket that will help agencies escape the pressures they are under, and the prize when they successfully reimagine clients’ and their own operating and compensation models. Agencies and clients are hungry for new success models for growth and evidence of the benefits of reimagining ways of doing things. These will be identified through:
A reputation for trust, transparency and progressive business and employment practices depends on reimagining the responsibilities of both agencies and their clients. This includes agencies taking a more active role in protecting clients’ interests and becoming true guardians of brand safety. It means reimagining what a fair agency contract looks like, to create win-win situations for agencies and clients. It depends on agencies being beacons of inclusivity and diversity. These will be achieved through:
In closing his speech, Vaz sounded a positive note for the advertising industry and its clients: “I am optimistic and excited by what these next two years and beyond hold for our industry, to bring a new and different perspective, and to realise that – for consumers, clients and agencies – the change, challenge and certainly the opportunities we face are significant, and they are shared.
“We, the IPA, see what you see. In our work on behalf of our industry and the agencies within it, we will not shirk from our responsibility to advance our profession and its purpose in the business and the wider world, to shape and own the future.”
Join the conversation on Twitter @The_IPA #ReimagineRelevance
Nigel is global CEO of Publicis Sapient and serves as Publicis Groupe’s Global Lead of Digital Business Transformation. He has held a variety of leadership positions with Sapient prior to its acquisition by Publicis Groupe, where he now serves as a member of its Executive Committee, charged with identifying opportunities to help clients drive growth and efficiency and evolve the ways they work in a world where consumer behavior and technology are catalyzing social and commercial change at an unprecedented pace.
Nigel’s roots are in business strategy and technology, where he has consistently helped clients to build businesses and create sustainable value propositions for their brands by operating at the intersection of strategic thinking, creativity and technology. Prior to Sapient, he was a successful entrepreneur – co-founding a public company with interests in telecoms, consulting and connectivity solutions. He has also been a key advisor for a number of companies including AT&T/Cingular, McKinsey and Company, Orange, Siemens, Telkom SA, Verizon Wireless and Vodafone.
As part of Sapient’s executive leadership team, he drove the evolution of the European business and helped to build Sapient into one of the largest digital professional services companies in the UK from a start-up in the space of a decade, including its expansion beyond the UK to be a significant presence in Europe. He went on to lead the Sapient business in EMEA and APAC and its evolution to SapientNitro, as well as playing a key role in the successful integration of Razorfish to create SapientRazorfish within the Publicis Sapient digital business transformation hub.
Nigel is President of the IPA (Institute of Practitioners in Advertising) and a board director of The Marketing Society. He is an inductee of the BIMA Digital Hall of Fame (British Interactive Marketing Association).
Sarah Golding (2017-2019)
Tom Knox (2017-2015)
Ian Priest (2013-2015)
Nicola Mendelsohn (2011-2013)
Rory Sutherland (2009-2011)
Moray MacLennan (2007-2009)
David Pattison (2005-2007)
During their two-year tenure, the IPA President sets an agenda as the head of the IPA’s Council to help shape its activities regarding: what agencies do (Creativity, media and effectiveness); how agencies make their money (Commercial); and who they need to do it well (Talent). They operate as the public face of the IPA and represent IPA members to the press and public. They present the views of the industry to interested parties on key issues – as developed with the IPA Council and IPA Director General Paul Bainsfair. They chair Council meetings and any key sub-groups which may derive from it.