In this blog I often contradict the naysayers who argue that TV advertising is in decline for reasons related to media consumption are exaggerated. This article in The Guardian does indicate that Internet budgets are increasing but still only 4% of the total budget thus supporting my view that the naysayers are premature in their rhetoric - however the article confirms something more concerning.
It confirms that when times are tough companies are slashing advertising budgets. It might look better when publishing the P&L and Balance Sheet at the year end, but surely advertising and marketing spend is an investment in the future of the brand/organisation, it is not a minor expense like coffee for meetings.
These organisations need to get some coffee for the meetings and start smelling it!
Who will tell the customers about your brands if you do not? We might not understand precisely how advertising works, but one thing is for sure it does.