▶️ The world's largest advertising agency, VML, and the belated call for business development: When creative giants discover the basics of the craft
VML Germany is creating its first Head of Business Development position – an admission of structural gaps in the network agency model. | AI disruption and shrinking budgets are forcing traditional agencies to rethink their strategies. | WPP's revenue slump and Elevate28 restructuring demonstrate the urgency of strategic realignment. | Alexandrea Swanson brings external industry and network experience to proactively drive new business. | Business development must be more than pitch management; it requires proactive market and partnership work. | Xpert.Digital represents business development as a core function, not a crisis measure. | Success depends on clearly defined target clients, measurable value propositions, and organizational anchoring. | Cost reductions alone do not guarantee growth – new client acquisition is essential. | The market rewards specialized, impact-oriented providers over sheer size. | VML's move is the right one, but it comes late; those who demonstrate the ability to act remain relevant. [...]
▶️ Read more here































