Property advertising 'mediocre' - Ghossoub
by This email address is being protected from spam bots, you need Javascript enabled to view it on Thursday, 19 June 2008
International Advertising Association president Joseph Ghossoub has labeled the standard of real estate advertising in the region as “mediocre”, accusing younger advertising executives of “looking for material gain immediately”.
The chairman of the Holding Group, while quick to praise campaigns for the region’s biggest developers, said in a interview with magazine CEO Middle East he is concerned about the work produced for smaller developers, accusing them of failing to develop strong brand identities.
“For the majority of the real estate businesses, I would say the creativity levels are not medium but mediocre. Today very few of the real estate companies in the market have worked on their branding the way the major players have.
"At the end of the day you must be able to provide customers with an offering and a brand they can relate to. And few have achieved that. Every company is giving the same message and they are all singing the same song. There are 100 developers doing the same thing.”
Ghossoub’s comments come in an exclusive interview to be published in CEO Middle East in June.
He also had strong words for young advertising executives, and said he is increasingly unimpressed by their work ethic, which he claims, is geared towards material gain and not career progression.
“Our times were different. I would not say they were harder but it’s different now. What I’m realizing is that the new generation is losing its entrepreneurial spirit.
"They are looking for material gain immediately, which was not the case in my generation. It was 50% that but the other 50% was building a career with a lot of sweat. Today the new generation wants everything done by tomorrow.”
His comments come just a month after Kevin Roberts, worldwide CEO of Saatchi and Saatchi, launched a scathing attack on the creative standards of advertising in the Middle East.
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