The saying "Real estate is always a good investment" can be applied to running businesses, specifically agencies. Leaders should take a balanced approach with long-term strategic plans, fair pay and resources for employees, and DEI initiatives. They should also invest in innovation, as it can set them apart from competition and lead to creative breakthroughs.
AI shouldn't be seen as a threat to creativity, but as a tool to free up people's time. Brands should invest in the long-term, not cut spend in tough times, as it will lead to greater returns. Cisco is an example of a company that has remained agile, investing in a refreshed brand strategy which propelled them into the present.
The key is to protect long-term ambitions and plans at all costs. Long-term thinking is essential for the next 12 months and beyond, so review your plans and stay agile in relation to talent, creativity, and innovation.
Taking the Long View: The Hardest But Most Valuable Way to Run an Agency
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