The current issue of Fast Company has a piece entitled, Advertising, Under Review. The lead-in suggests a questioning of what's wrong with advertising today and if it's losing its relevance, but the "answers" are laughable grasps from ad execs (and a big-company execs) trying desperately to justify their relevance in a world that is changing into something they no longer rule. Choice quotes include:
- Advertising is not less important; it's just that other communications tools are becoming more important.
- Advertising has a critical role: It tells a story in such a way that a product becomes totally relevant to people's lives.
- The ad industry isn't struggling for a new set of principles or abandoning the ones that made it great from the start. It's simply in the midst of a business cycle. I don't think it's more profound than that.
- I would argue that advertising has never been more relevant.