The agency clawed it's way back to the top by making ‘better decisions, faster’.
PlayStation. Walgreens. Lowe’s. Carlsberg. Coach. Sony. Groupe PSA.
From 2016 through late 2017, several of OMD’s most valuable accounts fell like dominos as the industry-wide string of big-budget reviews continued apace. The Omnicom Media Group hub remains, by most estimates, the world’s largest media network—but after a decade-long run atop the heap, it ranked dead last among 18 agencies on consultancy COM vergence’s 2017 new business report.
“If I have the numbers right, we lost about $1.8 billion in business in 2017,” says Florian Adamski, the former Omnicom Media Group Germany chief who ascended to the global CEO role at OMD after a devastating six months with an estimated new-business value of negative $800 million.
How did Adweek’s Media Agency of the Year for 2009, 2010, 2012, 2014 and 2015 fall so far?
“It took a moment for us to really understand that we were calcifying around a previously successful approach,” Omnicom Media Group CEO Daryl Simm says, “as opposed to transforming into a new era for the agency.” In other words, OMD was firmly stuck in the past. “What we really needed was the reestablishment of a North Star,” says Simm, “a future-facing ambition to rally the talent and, most importantly, the clients around.”
Adamski and his team quickly went to work. They created a new positioning called “Better Decisions, Faster” and translated that approach into a series of escalating new-business wins while defending most of their largest legacy accounts. By the end of 2018, the agency had clawed its way up from the very bottom of the COMvergence rankings into a virtual tie for first place.
That remarkable turnaround earns OMD the distinction of Adweek’s Global Media Agency of the Year for 2019.
RADICAL CHANGE
This story is from the February 25, 2019 edition of ADWEEK.
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This story is from the February 25, 2019 edition of ADWEEK.
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