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2023 Board Diversity Index | Governance Institute of Australia

Media Release – Governance Institute of Australia | News & media (governanceinstitute.com.au) Australia still lagging behind on ethnic and cultural diversity but signs point towards growing First Nations representation. The latest snapshot of Australia’s boardroom diversity has found a small but positive improvement in the representation of First Nations’ people in the nation’s top companies… Continue reading 2023 Board Diversity Index | Governance Institute of Australia

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Net gains: How Tennis Australia serves up a unifying masterbrand approach for 25 million consumers – and put Canva in the hands of grassroots hubs

Providing grassroots brand design capabilities via Canva is one of the ways Tennis Australia is aiming to bring its new masterbrand identity repositioning to consistent life at the pointy end of tennis participation across the country. Yet even as the governing body works to ensure its unified visual branding can flourish, it's made way for a fresh cast of characters designed to bring its Hot Shots Tennis offering's distinctively youthful approach to life.

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Master Blaster: Arnott’s CMO Jenni Dill, Publicis CEO Mike Rebelo on powering 10% sales growth across entire portfolio via market mix modelling, media benchmarking, creative testing, going large on TV – and winning Ad Council’s Grand Effie 

Arnott's last month landed the Advertising Council's Grand Effie after launching a master brand campaign that CMO Jenni Dill says delivered "10 per cent sales growth in dollar terms and three quarters of a share point growth" across the portfolio.  "Phenomenal" results, says Publicis Groupe CEO Michael Rebelo, given the effort it takes to move FMCG "super brands" like Tim Tams even a quarter of a percentage point. And just the kind of hard business results Arnott's private equity owners KKR need to see from marketing. Dill says KKR is happy to keep investing in growth provided she's not coming to them with soft metrics. So before approaching the hard, rational board with plans for a big, rare, emotive "master brand" TV-led push, she doubled down on pre-testing, market mix modelling and media benchmarking to show exactly where the growth opportunities lay. It delivered in spades and now Dill and Rebelo have their eyes on another Effie to make up for the one they're convinced they could have had last year. Here's how they landed the most coveted annual award for the serious end of town – and their take on how current market sentiment will play out across the piste into 2024.

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Outgoing creative chief at Accenture Song and The Monkeys Scott Nowell on culturally infiltrating Accenture, failed beer fridge bans, pulling a reverse takeover of Saatchis and why Accenture Song is ‘outperforming’ the consulting growth curve

Many predicted The Monkeys would be "roadkill" when Accenture in 2017 paid $63m for Australia's hottest ad agency, its creative culture steamrollered by the immaculately polished heads of the consulting world. Instead, says creative chief Scott Nowell, who last week departed the agency he co-founded, The Monkeys began a cultural infiltration mission. Six years on, the broader Accenture Song creative-customer model has turned heads in the broader Accenture business – because it's largely outperforming. But there were some awkward early moments. "A request that we lock our beer fridges until 5 p.m. went down very badly," says Nowell. He admits moving to a hierarchical consulting giant can take some getting used to: "You've just got to ask a lot of people if you can do something or not." But after some mutual "bum sniffing" the "more closed" corporate and "more open" advertising packs began to run together – and start building products and solutions that go well beyond advertising. Whether Nowell climbs back into the saddle, time will tell. For now he's smelling the roses after 17 years building a business that won everything going, rejected an offer to reverse takeover Saatchi & Saatchi locally, came close to forming a "pan-Pacific micro network" with Goodby, Silverstein & Partners and tried – and failed – to revive ice cream brand, Homer Hudson, which it co-owned. His advice to anyone starting their own agency today? "Start smarter … get an accountant … try and balance your life." 

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Amazon Prime takes on Netflix, Binge with ad-supported streaming service set for mid-2024; pledges 5 million Australian users at launch, streamers set for $100m advertising take from broadcasters

Amazon Prime is the latest subscription streaming service to spurn a no ads policy, currently briefing key media buying groups on plans for the June 2024 launch of an Australian ad tier with three-month launch packages of $150,000-$250,000 to 5 million members. The high subscriber figure surprised some but comes as Australia's biggest ad buying consortium, Omnicom Media Group, forecasts subscription streaming services would strip $75-$100m in ad revenues from free-to-air TV next year. 

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‘It’s sharpened me up as a marketer’: Telstra CMO Brent Smart bids to link CX and rising NPS for non-believers, flip performance and brand investment ratios and systemise marketing team creativity, attention and MMM

While Telstra’s massive CX overhaul has powered net promoter scores through the roof – with NPS linked directly to executive bonuses – CMO Brent Smart says that’s only half the job. To grow, Telstra needs to go harder on brand to woo those that don’t even know about its sweeping digital overhaul, including aggrieved former customers. As such Telstra’s 80:20 performance to brand investment ratios won’t stay that way, but Smart says competing with the likes of JB HiFi and Harvey Norman plus rival telcos in the monthly acquisition battle royale “has really sharpened me up as a marketer.” Smart thinks too many firms are failing to properly link brand communications through to CX and performance, using the same off the shelf tools and “luggage matching” instead of truly being fit for platform. Meanwhile, he’s testing performance channels to gauge if they are delivering incremental growth versus sales that would have happened anyway – and similar tests at IAG threw up some interesting results.  Plus, Smart and Telstra are diving deeper into market mix modelling while building out a framework across the marketing function to “systemise and quantify” great creative work “without strangling it”. The latter is lifted from AB InBev’s award winning template. The former an attempt to demonstrate how marketing investment is delivering ROI and contributing to the bottom line. Between the two “I’d be lying if I said we could predict the impact of better creative,” per Smart. But in terms of media planning, he’s going all out for attention. “That definitely does change your channel choices,” says Smart – and there are winners and losers. Smart also fires back crisply at those suggesting Telstra’s new brand ad is lacking in branding.

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‘It’s sharpened me up as a marketer’: Telstra CMO Brent Smart bids to link CX and rising NPS for non-believers, flip performance and brand investment ratios and systemise marketing team creativity, attention and MMM

Brent Smart stepped into the Telstra CMO role a year ago. He's learned a lot: Performance marketing is a street-fight that Telstra – and he – must win; huge investment in digital transformation and customer experience has powered net promoter scores through the roof; and that creative excellence has to be systemised in a beast that big. Which is why he's lifting the template that has powered Anheuser-Busch to marketing greatness and is creatively scoring every piece of work that ever touches the customer. But he's still probably brand and creativity's biggest champion and thinks for all the NPS high fives, it's the only way Telstra can grow. So Smart's piling into market mix modelling and attention planning to prove it, and build the ammunition to put a greater portion of budget into brand building, while turning off the performance channels faking their ROI. Last month, he launched the first of Telstra's brand plays to win back customers that got fed up with the telco's service and complex plans pre-overhaul – mostly boomers – and he's got a choice word or two for armchair critics.

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Why boards must recognise the growth-driving potential of the chief marketing officer

By Bronwyn Powell, CEO of the Australian Marketing Institute Published by The Australian | Click here to read the article In the ever-evolving landscape of business, the role of the chief marketing officer (CMO) has transformed from solely focusing on the tactical aspects of traditional marketing to playing a crucial role in the overall corporate… Continue reading Why boards must recognise the growth-driving potential of the chief marketing officer

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