BRAND EQUITY AGENCY RECKONER 2014 BE EDITORIAL: Ravi Balakrishnan, Amit Bapna, Delshad Irani, Shephali Bhatt and Priyanka Nair DESIGN: Shubhra Dey, Subhash Kundaria and Vilas Pai ILLUSTRATIONS: Varani Sahu PHOTOGRAPHS: Bharat Chanda and Nitin Sonawane 2 AGENCY RECKONER 2014 THE ECONOMIC TIMES T he Brand Equity Agency Reckoner 2014 survey was conducted by Nielsen. The survey methodology involved dif- ferent segments being evaluated by rel- evant professionals. Here is the list of 10 segments covered and the corresponding respondents who evaluated them. Compared to previous editions of the survey, a major change in the methodology was getting marketers and not agency peers to evaluate media, advertising and brand promotion agen- cies, and leading and influential persons in adver- tising, creative and media. Who did we speak to? We approached professionals with a minimum five years of relevant experience. 50% had 5-10 years' experience and 50% over 10 years of experi- ence. The following four categories of respond- ents evaluated different segments of the survey: Marketers: Marketing professionals across indus- tries such as FMCG, Finance, Consumer Durables, Automotive, Pharmaceuticals/Healthcare, Tele- com, Retail, Hospitality, etc. Ad Agency Professionals: Professionals across Creative, Account Servicing & Planning Media Agency Professionals: Client servicing professionals from all sectors Allied Marketing Professionals: Mix of profes- sionals across various verticals such as Digital Specialists, Shopper Marketers, Promotion, Event & Design consultants A total of 688 interviews were conducted across five markets: Mumbai (245), Delhi NCR (252), Chen- nai (68), Kolkata (64) and Bengaluruangalore (59) from May-2014 to Aug-2014. 675 interviews were conducted in person and 13 through online/email survey. There were 381 Marketers, 106 Ad Agency professionals, 100 Media Agency professionals and 101 Allied Marketing professionals. To evaluate the following categories: Ad Agen- cy, Media Agency, Production House, Brand Promotion Agency, Design Specialist Agency and Digital Marketing Agency Respondents were asked to rank the Top 10 agen- cies (Top 3 for Brand Promotion and Top 5 for Design Specialists) considering the work that they have done over the past two years. Rank 1 was assigned to the best agency according to the respondent, Rank 2 to second best and so on till Rank 10. Though respondents were provided with an exhaustive list of agencies to choose from, they also had options to nominate any other agency that they felt should be included. Respondents further evaluated the agencies on select parameters on a scale of 1 to 10 where 1 means Very Poor and 10 means Excellent. Here is the list of parameters on which respondents evaluated the agencies. Most Influential Person in Advertising, Media Planning & Buying Respondents were asked to rank the Top 5 most influential people in Advertising and Media. Respondents had the option to nominate names other than those provided in the list. Leading professionals in Creative/Media Planning & Buying Without any aid/list, respondents were asked to provide up to five leading professionals from Cre- ative and up to five leading professionals in Media Planning & Buying. Respondents were asked to consider any professional irrespective of their designation and years of experience. The Top 5 names were provided in rank order from 1 to 5. Most Admired Marketer Without any aid/list respondents were asked to provide the Top 3 brands in rank order (irrespec- tive of industry/category) that they would nomi- nate for Most Admired Marketer. Respondents were asked to consider following parameters. Prompt and fair remuneration Well defined marketing structure with an effective chain of command Creativity Respect for agencies in their role as creative partners How was the ranking arrived at? Ad Agency, Media Agency, Production House, Brand Promotion Agency, Design Specialist Agency and Digital Marketing Agency seg- ments Within each of the six segments, the final score was arrived by combining weighted average rank score and average attribute rating score both these components were given equal weightage, ie 50% each. Within parameters for evaluation, all parameters had been given equal weightage except for Brand Promotion where execution parameter was given 50% weightage and other two parameters combined had 50% weightage. Higher scores indicate a higher rank order Most Influential Person in Advertising and Media and Leading Professionals in Creative/ Media Planning & Buying side of business and Most Admired Marketer In each of the above four segments, the final score was arrived at using weighted average rank score only. Higher scores indicate higher rank order. SEGMENTS Top Ad Agencies Top Media Agencies Top Production Houses Top Brand Promotion Agencies Top Design Specialist Agencies Top Digital Marketing Agencies Most Infuential Persons in Creative & Media Leading Creative Professionals Leading Professionals in Media Planning & Buying Most Admired Marketer
EVALUATED BY Marketers Marketers Ad agency professionals Marketers Marketers & agency professionals Marketers & agency professionals Marketers Marketers Marketers Ad agency professionals, media agency professionals and allied marketing professionals SEGMENTS PARAMETERS FOR EVALUATION Top Ad agencies Client Servicing; Creative; Account Planning; Integrated Marketing; Innovation Top Media agencies Best Deals; Effective use of research; Ability to provide higher return on media investment; Ability to provide solutions that integrate different media Top Production Houses Speed at which projects are delivered Top Brand Promotion Agencies Creative and strategic inputs; Consumer understanding; Execution Top Design Specialist Agencies Creative & strategic inputs; Effective use of design to strengthen the brand; Execution Top Digital Marketing Agencies Creative and strategic solutions; Use of latest and advanced technology; Ability to promote a brand across different aspects of digital media; Execution LEADING CREATIVE PROFESSIONALS LEADING MEDIA PROFESSIONALS 1 Piyush Pandey Ogilvy & Mather 1 Sam Balsara Madison 2 CVL Srinivas GroupM 10 Gautam Kiyawat Madison 3 Kartik Sharma Maxus 6 Shashi Sinha IPG Mediabrands 4 Ravi Rao Mindshare 5 Nandini Dias Lodestar UM 2 Prasoon Joshi McCann Worldgroup 6 Bobby Pawar Publicis 7 Josy Paul BBDO India 9 T Gangadhar MEC 3 Agnello Dias Taproot 4 R Balki Lowe Lintas 5 Abhijit Avasthi Ogilvy & Mather 8 Abhinay Deo Ramesh Deo Productions 9 Arun Iyer Lowe Lintas 10 Rajiv Rao Ogilvy & Mather 7 Jasmin Sohrabji OMD 8 Anupriya Acharya ZenithOptimedia Group 10-16 September, 2014