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The creative economy
The creative economy



 a force for economic growth

 a force for social good
The City



Self-interested

The selfish (self-interested) gene
Management Consultancy



 Negative force

 The reductionist (destructive) gene
The Creative Economy



Positive force

The expressive (expansionist) gene
The City



“No good will come of people who make
         money out of money”.
Michael Moore’s ‘Capitalism: A Love Story’
‘Wall Street: Money never sleeps’
Performance?
‘Expressive value’
The Creative Economy

6.2% UK GDP

growing faster than the economy as a whole

contributing to the overall growth of the economy

1/3 of new jobs in London
The UK Creative Economy

more significant to the UK economy than to any other
economy in the world


the envy of the rest of the world in terms of
scope/scale/unrivalled creativity and quality
Love and Money
Your Choice


The City?

Management Consultancy?

The creative economy?
‘Creative Britain’

Advertising, architecture, the art and antiques
market, crafts, design, designer fashion, film,
computer games, music, the performing arts,
publishing, software and computer services,
television and radio




                                                  15
Core arts


                Cultural industries


                      Creative industries*


*Advertising,           The rest of the economy
architecture
and design
                                                  16
MAD MEN
Advertising Works
30 years of Effectiveness Awards
Re-engineering the brand

        BT Cellnet
Brand Proposition




“A world that revolves around you”
Real World
        (Reality television sponsorship)
Celebrity Big Brother 2 and Big Brother 3 / 4

  games

  text alerts

  Text chat room
Experiential (beyond advertising)

The O2 Arena customer experience

 priority tickets
 Fast track entry
 Special offers
 Access to exclusive zone
 (Blueroom Bar and O Lounge)
Creative




Irish Murdoch   David Puttnam   Ridley Scott   Charles Saatchi
Business and Administration




Adam Crozier (ITV)     Alan Bishop (South Bank)   Mark Lund (COI)




Steve Hilton (No 10)   David Wheldon (Vodafone) Richard Reed (Innocent)
Advertising generalists


 subject neutral

 a diagonal thinker

 entrepreneurial spirit
Growth areas for specialists

  PPE

  Social sciences

  Statisticians/econometricians

  Network scientists
The internet reinvents TV
While in leisure
                                mode, more
 While in work mode,
                                elaborate forms of
 short sharp messages
                                branded
                                entertainment
Source: IPA/Future Foundation
                                                     28
The drivers of success

Demand: stimulating creative appetites
Diversity: cognitive plurality
A level playing field: balancing competing imperatives
Education and skills: ensuring balance and appropriate supply
Networks: harnessing capacity and brokerage
Intellectual property: copyrighting expressive value in a digital
world
Building business capacity: scaling up SMEs to sustainability
Public architecture: crowding in creativity
The IPA can be a gateway to advertising

    http://www.ipa.co.uk/DisplayContent.aspx?
                     ID=1623
Any questions. . .




                     31
Thank you

www.ipa.co.uk
janet@ipa.co.uk




                  32

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The Creative Economy