Vinay Mahadevan, Client Services Director, Rain CreativeRelentless pitching, constant battle for client retention, pressure to deliver ‘more for less’. Sounds familiar? Now add the pressure of AI and consulting firms wanting a piece of advertising action, and what you have is a ticking time bomb.
Agencies are locked in intense competition, not just with rivals, but often with their own clients and even media partners, leading to a fragmented, inefficient and increasingly less profitable industry.
How do you find a way out of this conundrum? I think one exists in John Nash’s Game Theory. Not the fancy math, but the simple truth it holds. Ever heard of the Prisoner’s Dilemma? It’s simple: two guys, caught. If they both keep their mouths
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