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Nick Tomlinson hit the nail on the head with his recent post in PRWeek "Navigating the Future: Predictions for PR Agencies in 2024." If your agency is built to merely meet expectations, it will no longer be enough. If you are not making data-driven business decisions, you will fall behind ... maybe even fail. PLEASE READ THIS if you are running an #agency, but specifically if you are running a #pragency. #organicgrowth #operationalgrowth #operationalexcellence

Navigating the future: Predictions for PR agencies in 2024

Navigating the future: Predictions for PR agencies in 2024

prweek.com

Kim Dovell

Founder at CFO Partners and RealTime Finance

8mo

Great article Nick. The insight into an agency’s financial performance that data analytics can bring can be transformative. As a CFO, working with creative agencies I have seen jaws drop when presenting the reality of profitability analysis by client/product or recoverability analysis. How often do we let scope creep eat into our profits? How long do we keep over servicing an old client? Are we taking on an unprofitable contract or brief that will only ensure we are just ‘busy fools’? Data driven reviews don’t always sit comfortably within a creative agency and there is often a journey to go on to embed analytics into the business, not just at the SLT level but developing a cascade of KPIs and metrics that ensures that every role within the business recognises that they have a part to play in business performance.

Michelle Shirtcliffe

CEO & Co-Founder @ Publica | Board Member | Leadership, Business Development, Tech

8mo

Data driven decisions, this is spot on!

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Nick Tomlinson

President at Paprika Software

8mo

Thanks for posting

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