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Welcome to the crossroads. The way ahead offers two choices. To the left lies Gloom, and just beyond that Failure. To the right Optimism, Survival and if you make it to the end of the track, Success.
So, no choice at all really. Me, I'm turning right, like the people writing on the following pages, and insisting that this is going to be an exciting, adrenaline-pumping year of overdue change and necessary wastage that will kick us all out of complacency and give us the opportunity to prove how good we really are.
It's going to be a year of mettle-testing challenges and bitter disappointments. Are you going to hide or fight? As Nigel Bogle says on page 14, it's time to be positive and remain confident. The best people have already come out fighting and there's no doubt that the imperative focus on core values and clear agendas will make it impossible to hide behind the sort of bullshit that so often weighs down the whole industry.
Yes, some agencies will fail, but the agency marketplace is oversupplied, there are too many bland brands to be sustained by constricted budgets and a correction is due. Mind you, it's also true that the big global holding companies need a London presence, so some of the blandest agencies will be protected from disaster.
A key challenge will be motivating staff in a climate of pay freezes and reduced workforces; for the best people, the idea they should consider themselves lucky to even have a job won't wash. The vigorous will want to know that their determination to succeed against the odds comes with ...