Shutterstock

Why we need to join the dots between creativity and value

It has been widely proved that creativity drives business value, and yet investment in it continues to go down. It’s time agencies demonstrated its effectiveness more clearly, says Ask Us For Ideas co-founder Nick Bell

Everyone who’s anyone knows that the world’s most disruptive and commercially successful brands are built on creativity. In every sector, pick a market leader and you’ll find a company with it in their DNA: adidas, Apple, A24, Athletic Brewing Co … and we’re only on ‘A’.

In fact (according to a recent report published by us at Ask Us For Ideas), the senior marketers, founders and brand leaders of the world attribute 60% of a company’s success purely to creativity, design and marketing – leaving a scant 40% to be steered by things like product, innovation or leadership. It’s something that’s echoed both by big consultants – McKinsey says it drives business innovation and growth – and consumers, who also love creatively well-executed brands.

So with more people being converted to creativity’s cause each year, you’d think budgets would be going up exponentially, right? Well no, that’s not exactly the story.