Alex Murrell on the 3 Errors of Efficiency in Advertising

Alex Murrell wrote a blog post titled The Errors of Efficiency (October 4, 2021).

  • Error #1. Mass media is wasteful because it is untargeted
  • Error #2. Mass media is wasteful because it is ignored 
  • Error #3. Mass media is wasteful because it is expensive  

Murrell says the advertising industry is intoxicated by efficiency, undermining effectiveness.

« In short, we prioritise cheap channels to improve our ROI. We invest in touchpoints which can target those most likely to convert. And we avoid advertising on media that commands low levels of attention. »

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Martin Weigel on Visionaries, Prophets, Complexity, and Uncertainty

Martin Weigel wrote an article titled Visionaries, Prophets, And Heroes: Facing the future Without Them (October 4, 2021).

The article cites Phil Rosenzweig, author of The Halo Effect and the Eight Other Business Delusions That Deceive Managers, Howard Marks, author of The Most Important Thing: Uncommon Sense for the Thoughtful Investor, Andy Nair, author of Go Luck Yourself: 40 Ways to Stack the Odds in Your Brand’s Favour, and many others.

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