School Reports 2012: Initiative
There must have been those who rubbed their eyes in disbelief when they looked at the rankings as 2011 drew to a close.
Recent Initiative work: Quorn
|Agency fact file: Initiative|
|Type of agency||Media: focused on performance|
|Company ownership||Interpublic Group (Mediabrands)|
|Key personnel||Alex Altman chief executive|
|Anna Watkins managing director|
|Tony Regan chief strategy officer|
|Chris Wright head of broadcast|
|Jane Wolfson head of non-broadcast|
|Nielsen billings 2011||£184m|
|Nielsen billings 2010||£170m|
|Total accounts at year end||60|
|Accounts won||7 (biggest: Quorn)|
|Online (including search)||12%|
|Number of staff||94 (+11%)|
And no, we're not talking about Tottenham Hotspur and the Premier League. Rather the marginally more important Campaign new-business table - and the presence, in the number-four slot, of Initiative.
Surely not. The previous Christmas, the agency was down in 19th place, flirting with relegation. Now, on the back of its most recent £4 million win, Flight Centre, it was cock-a-hoop, going so far as to issue a press release about how it was taking the table by storm.
Well, perhaps. Initiative, it has to be said, has never really been a storming sort of an agency ... nor is this an entirely fitting epithet for its burgeoning strengths under the measured intelligence of Alex Altman.
He has brought a compelling determination, focus and clarity back to the agency, which will hopefully be propelled by its new managing director, Anna Watkins, but the feeling remains that there's plenty of work still to do. The agency boosted its analytics capabilities with a couple of appointments and Onur Ibrahim joined as the social communications director. So it's starting to tick all the right digital boxes - yet it's also possible to suggest that it still feels a rather conservative agency.
The most successful agencies in 2012 (as was very much the case in 2011 too) will be those that convince their traditional media clients (serviced these days on wafer-thin margins) to buy higher-margin social media and digital content creation strategies. Altman already talks a good game in this respect. Making this resonate throughout the agency remains the challenge.
Score last year: 4
How Initiative rates itself: 7
"2011 has been a year of significant progress. With 'Performance Led Communications', we have a clear and client-motivating proposition. We invested heavily in our talent - both in development and creating the culture for people to flourish and deliver their best work. As a result, we are delighted to report 100 per cent client retention, only 14 per cent annual churn and finishing fourth in the Campaign new-business league with wins including Dow Chemicals, Quorn and Flight Centre."
This article was first published on campaignlive.co.uk
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