Dr. Ken Onyeali Ikpe, Group CEO, Insight Redefini has charged Integrated Marketing Communications, IMC, practitioners to always rejig their business model in order to meet the present day need of consumers, as the industry has evolved.
He gave the advice when the newly elected executives of Brand Journalists Association of Nigeria (BJAN) paid him a courtesy visit at his GRA, Ikeja office on Tuesday, February 1, 2022.
Dr. Onyeali Ikpe, who appreciated the visit, took time to delve into the changes that stakeholders in the industry should come to terms with.
According to him, it is no longer the same story when advertising thrived during the industrial age as in the present situation, the world has embraced the digital age.
He noted that IMC practitioners must be in tune with the fact that advertising has evolved into brand consulting.
In his words: “I like the conversation today around branding because that is the only relevant thing. I started talking about this thing 20 years ago because I saw it. Branding is a core component of business existence because if you take out the brands out of the business, it dies”.
Giving examples of focusing on brands as against advertising, the advertising guru said the reason why Nigerian Breweries is still in existence is because of the Star and Guilder brands, in which if taken away, the company may die.
“What keeps them together is not advertising but the brand which is the soul of those element. Even for human beings, if you don’t understand this brand journey and that of consumer journey, you might not understand the brand,” he said.
Speaking further, Dr Onyeali Ikpe posited, “There is a manager for the industrial age and a manager for the information age and tech age. In the 90s when I joined Insight Communications, it was the industrial age, that is, where multinationals were relevant. As we speak now, the tech companies worldwide are making far more monies than the multinationals. Though, they may be small businesses but in terms of billing, they are ahead.
“At insight, we recognised 25 years ago that advertising will not serve us because advertising was relevant when there was industrial revolution. And during this time, there was mass production which must equate mass consumption and to induce mass consumption, you need mass communication. So, it was from mass communication, advertising came- which is attention, interest, desire and action.”
Going down the memory lane, Dr. Ikpe said people who are not conversant with InsightRedefini Group still know it as Insight communications- unaware of the fact it was Insight communications during the 90s.
“From Insight Communications, we had a Grey network affiliations. Before then, it was Bates. In early 2000, we went to WPP. However, that popular entity called Insight is one entity in the group and because it was the first and oldest (42 years in January 2022), it became synonymous with the group. So, when people say Insight Communications, they think it’s one company.
“I don’t know whether people know, but I know that it was insight Communications because that was the era of advertising. Now, in my estimation, advertising has since gone, though a lot of people will tell you they are into advertising- and I thank God they are still making a living out of it some how,” he averred.
He said the group has survived for 42 years and evolved over time to create various arms of the sub-sectors across the Integrated Marketing Communications spectrum which has become market leaders in their sub-sectors.
“Quadrant for Public Relations, MediaComm for media planning and strategy, which is the investment arm of the advertising practice, Media Perspective, Optimum Exposure for outdoor and LeoBurnet, which is a second line of creative agency of Insight is tasked to go through the soul of a human being to create communications.
Speaking earlier, the newly elected Chairman of BJAN, Clara Chinwe Okoro said the essence of the visit was to formally intimate stakeholders of the activities of the association starting with the World Consumer Rights Day slated for March 15, this year.
“Brand Journalists are thought leaders in the industry in terms of shaping perception about what is happening in the IMC space. We are journalists who cover the industry as such we are a bridge between the stakeholders and the consumers. They absorb what we read in terms of the information we put out in our different spaces and form their perception about those we write about or the brand that they interface with in the market.
“We actually hold a very strategic position. Unfortunately, we have not strongly communicated that to our stakeholders that the perceptions we put out in our writings have a lot of impact in the brand they drive and, in the way, their organisations are perceived from the writes up we put out. So, I think it is very necessary that there is more interface with stakeholders for us to be able to communicate to the public and to put out the right materials,” Clara said.
Other members of the brand journalists delegation were Lukman Ishau, Vice Chairman, Melvin Udosen, Treasurer, Adeyemi Adefemi, Financial Secretary and Amechi Obiakpu, Chief Information Officer (CIO). Others were Afolabi Idowu, immediate past Chairman, Elder Peter Jones and Winifred Bosa.
The visit was the first in the series of planned visits to stakeholders in the Industry by the exco to carry them along as working partners for the progress of the industry.
Copyright ©The Business Bells.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from The Business Bells.
You Want To Receive Daily Alerts on WhatsApp? Click the image below to join our WhatsApp Group