e Magus

Management's history is steeped in the rigid discipline of military order. I remember my MBA professor’s mnemonic— Manage/Men/Tactfully —a sly nod to management’s early roots in hierarchy and precision. F.W. Taylor, the father of scientific management , designed a system built on oversight and efficiency, where managers commanded from their thrones of polished mahogany. When I joined the workforce in the mid-90’s, the control structure was very much visible. The manager’s workspace spoke volumes: a cavernous office with a desk that could seat a small nation, side tables, a fridge laden with benevolence, and a sofa set that whispered exclusivity. In India, most meetings called by the manager, was called a durbar : audience in the royal court.   Control was about proximity. Managers were gatekeepers of information, issuing directives and reinforcing order with the close watch of an army general. In some companies, at the time of joining, they even required a conduct certificate, prov...

  Quite sometime back I had posted on LinkedIn an update mentioning, in the future, agencies will be offered value based compensation by clients. Few days back I met one of my ex-colleague and he gave his own POV and also asked me to elaborate on my thoughts. Albeit the delay, this long post is just that. Alright, so picture this: the ad agency game, a whirlwind of creativity and strategy. But here's the plot twist – the traditional billing method is feeling a bit outdated. For more than 50 years, everything in the agency has changed, except the retainer fee. It is like watching multiple seasons of a TV serial but with that one character who has not changed - in looks or in personality.   Having a retainer based fee is fine. I’ve nothing against it. It’s like trying to watch a blockbuster movie on a black-and-white TV. Sure, it works, but it's not quite cutting it anymore. The problem? The usual time-based billing doesn't always sync up with what clients really want – measu...

These are interesting times. With the lockdown and impeding near-recession scenario, agencies will be faced with challenges in terms of both revenue growth and being prepared for the new norm in a changed world. As advertising agency business is closely linked to client’s business and since most companies will focus on business continuity, portfolio sustenance, and holding to their market position thus impacting marketing spends…it will not be business as usual at the agency end.   Some of the answers that agency leaders seek are - Profit: Where are the growth opportunities for agencies? People: How do agencies retain/attract talent? Process: Will there be any change in the way agencies work? Growth opportunities: Going by the popular catchphrase - follow the money, we know marketers have and are investing heavily into Martech & data in a big way. Their future marketing actions would be based on these investments. As a marketing and communicat...

Pic credits: Getty & Inc.com Recently, a friend of mine asked me, what are the skill-sets required for becoming a successful entrepreneur? Having walked in the entrepreneur/start-up journey for few years, I gave him some top-of-mind thoughts on what makes an entrepreneur successful. However, the question stayed with me and I tried finding few common traits and reasons on what makes some folks successful. I got links to various articles where people wrote about   passion, resourcefulness, willingness to listen, team work, inspiring leaders, etc. But is there something more than these common actions that these (successful) people have? Something basic but more powerful in shaping their success. As they teach in many management strategy lessons that there are 2 powerful forces that impacts any outcome - Internal (Strength/Weakness) and External (Opportunities/Threats); with this premise, I started my search for answers to understand the intrinsic and extri...