Business

Have you heard of Rule 40? It is a rule instituted by the International Olympic Committee (IOC) that regulates the rights of official sponsors and partners, and severely limits what non-sponsors can do. The official sponsors and partners are allowed to use trademarked Olympic terms, phrases, and images in their advertising. For companies that are not official Olympic sponsors or partners, certain phrases are banned, such as “Olympic,” “Rio,” “Gold,” and even “Games.”

Gone are the days where shoppers would anxiously wait for the big Black Friday circular unveiling—they now have access to the Black Friday sales well in advance of the event.

By Gonzalo López Martí – Creative director, etc etc / LMMiami.com

• Silicon Valley has nurtured a generation of people who are willing to spend $300 on a trashy tattoo yet won’t shell out a dime to read The New York Times.
• We’ve been tamed to believe search, social, news, long distance calls, music, movies, file storage, you name it, are supposed to be free of charge.
• Some sort of human right.
• Who knows what we’re relinquishing in exchange.
• Time will tell.

As millennials are now the majority of the workforce, more than half are already ascending into leadership roles and transforming business, according to “The millennial majority is transforming your culture,” a new white paper by Deloitte and the Billie Jean King Leadership Initiative (BJKLI).

This report provides an overview of our findings on the evolution of the U.S. economy, the state of U.S. competitiveness in 2016, and priorities for the next President and Congress, drawing on our research and the May–June 2016 surveys of alumni and the general public.  While a slow recovery is underway, fundamentally weak U.S. economic performance continues and is leaving many Americans behind. The federal government has made no meaningful progress on the critical policy steps to restore U.S. competitiveness in the last decade or more.  By Michael E. Porter, Jan W. Rivkin, Mihir A. Desai, With Manjari Raman

Perception is not the same as the reality, particularly for overrated occupations like Advertising Account Executive, Author, Broadcaster, Photographer, Public Relations Executive, and Stockbroker. These jobs can be stressful, involve long hours and have a high turnover.

Global advertising expenditure will grow 4.4% this year to reach US$539bn, ahead of the 4.1% previously forecast in June, according to Zenith’s new Advertising Expenditure Forecasts. Advertising expenditure will then expand by 4.5% in 2017 and 4.6% in 2018 – up from the previous growth forecasts for both years, which were 4.3% and 4.4% respectively. By 2018 global advertising expenditure will total US$589bn, US$4bn more than forecast in Ju

It’s no secret advertisers are flocking to digital at the expense of traditional formats.

By Gonzalo López Martí    – Creative director, etc etc / LMMiami.com

• My columns have been known to follow a certain literary brand of free-associative stream of consciousness.
• An idiosyncratic yet enthralling litany of loosely connected lofty thoughts, eye-opening factoids, saucy snark, playful mischief, whimsical one-liners, devil-may-care invective, off-of-left-field bon mots and non sequiturs.
• The good news?
• No libel lawsuits so far.
• This particular op-ed you’re kindly consuming today sorta takes the free-wheeling genre to an extreme.
• Please read on at your own risk.

U.S. cities are demonstrating strength in leading economic and social indicators, but are also revealing dimensions where they are falling behind as engines of global competition and urban well-being, according to PwC’s Cities of Opportunity.

Univision Communications Inc. (UCI) unveiled five new Univision Media Centers at middle schools in Austin, Chicago, Miami, Los Angeles and Oakland.

Carat published its updated forecasts for worldwide advertising expenditure, showing a positive outlook for the global advertising market in 2016, set to continue in 2017 powered by the ongoing growth of Digital*.

Television advertising faces a critical moment of transition. Digital media and, in particular, digital video channels are becoming first options for consumers—and for marketers that increasingly expect television to deliver targeting and measurement capabilities similar to digital.  By Charlie Kim and Danny Hong

MillerCoors is releasing Zumbida, a beverage inspired by traditional Mexican aguas frescas with a kick, or toque de piquet

Among the 5.4 million U.S. firms with paid employees, 481,981, or 8.9 percent, had been in business for less than two years in 2014, according to findings from the U.S. Census Bureau’s inaugural Annual Survey of Entrepreneurs.

The start-up scene is in a state of change right now — at least partly because there are too many companies out there who haven’t fully thought through their offering. Too many companies’ core offering is really only a potential feature for a larger product vs. a stand-alone product with broader implications. 

Antoinette Zel and Diego Prusky have joined to create The Story Room, a new digital, content and performance marketing company specializing in the US Hispanic and Latin American markets.

By Gonzalo López Martí – creative director, etc etc     / LMMiami.com

• The token Latinos in the room are taking over.
• The folks whose role was to smile and acquiesce sheepishly in order to afford a veneer of diversity to business as usual in corporate America are starting to make themselves heard.
• There are dozens of examples out there but let’s focus on Madison Avenue.
• After a serious shake-up not one but two Latinos have been promoted to run Saatchi’s emblematic NY office.

According to AdExchange, Google has been offering multiple rebate programs to ad agencies and advertisers that amount to considerably large checks.  The question here for US based agencies is if the agency keeps the rebate or sends a check back to the client.

Nielsen’s fifth report on the Latino consumer, “From the Ballot Box to the Grocery Store,” underscores the continued rise of Hispanic influence and purchasing power across the U.S. Yet the August 28 death of Juan Gabriel, an iconic Latin recording artist whose songs are known across the globe, was met with tepid response from “total market” media. That’s unacceptable.  By Adam R Jacobson, Editor-In-Chief – Radio + Television Business Report