1913: Henry Ford and the Assembly Line Realizing that he'd need to lower costs Henry Ford (Ford Motor Company) was inspired to create a more efficient way to produce his cars. Looking at other industries he and his team found four principles, which furthered their goal: interchangeable parts, continuous flow, division of labor, and reducing wasted effort. The use of interchangeable parts meant making the individual pieces of the car the same every time. Therefore the machines had to be improved, but once they were adjusted, they could be operated by a low-skilled laborer. To reduce the time workers spent moving around Ford refined the flow of work in the manner that as one task was finished another began, with minimum time spent in set-up. Furthermore he divided the labor by breaking the assembly of the legendary Model T in 84 distinct steps. Frederick Taylor, the creator of "scientific management" was consulted to do time and motion studies to determine the exact speed at which the work should proceed and the exact motions workers should use to accomplish their tasks. Putting all those findings together in 1913 Ford installed the first moving assembly line that was ever used for large-scale manufacturing. His cars could then be produced at a record-breaking rate, which meant that he could lower the price, but still make a good profit by selling more cars. For the first time work processes were largely automated by machinery.

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Actual Findings on Internet Advertising Although Web advertising becomes a significant portion of marketing budgets, advertisers are still unsure on how to unlock the potential of the Internet. Current findings show that: - Consumer brands spend only a fraction of their advertising budget on on-line advertising. - Technology companies spend five times more on advertising in the WWW. - While banner campaigns are still popular, there is no standardized solution for on-line advertising. - Ad pricing is based on CPM (costs per 1.000 visitors), rather than on results. - Personalized targeting has not yet taken hold. Instead advertisers mainly target on content. At the moment three dominant models are used for Internet advertising: Destination Sites: They use entertainment, high production values and information to pull users in and bring them back again. Micro Sites: Content sites or networks host small clusters of brand pages. Banner Campaigns: Those include other forms of Web advertising like sponsorships.

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Public Relations and the Advertising Industry The public relations industry, the same as advertising, is concentrated in the hands of few dominant firms. Still, the striking element about corporate public relations is that PR firms are tightly related to advertising companies. Nine out of the ten biggest international PR agencies have close ties with the advertising industry. Also, looking at the largest acquisitions involving U.S. PR firms from 1997 to 1999 it is apparent that money coming from advertising agencies has played an important role. Table: Top 10 PR Firms 1998 Rank 1998 PR Firm Advertising Agency Related 1998 Net Fees (in U.S. $) 1997 - 1998 % Change 1 Burson-Marsteller yes 258,417,000 4.2 2 Hill and Knowlton yes 206,000,000 8.9 3 Porter Novelli Int. yes 183,050,000 23.6 4 Shandwick yes 170,300,000 7.3 5 Fleishman-Hillard yes 160,692,000 19.1. 6 Edelman PR Worldwide no 157,840,530 18.1 7 Ketchum yes 125,248,000 29.6 8 BSMG Worldwide yes 118,963,000 93.0 9 Weber PR Worldwide yes 83,166,000 36.2 10 GCI/APCO yes 79,667,957 28.4 With many PR agencies sold to advertising companies, the advertising industry's influence further increases; enabling them to offer their clients not only advertising services, but also know-how in marketing, public opinion, crisis and issues management and political lobbying. Table: Acquisition of PR Agencies (1997 - 1999) Acquired Company Buyer Buyers Industry Estimated Purchase Price (in millions of U.S. $) International PR Interpublic Group of Cos. Advertising 230 Fleishman-Hillard Omicom Group Advertising 85 Ketchum Omnicom Group Advertising 60 Dewe Rogerson Incepta Advertising 40 Financial Rel. Bd. BSMG/TN Public Relations 33 Weber PR Interpublic Group of Cos. Advertising 15 Alexander WPP Group Advertising 15 Charles Barker BSMG/TN Public Relations 15 Source: Odwyerpr.com.

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