Yuchun Lee on the Future of Traditional Advertising, the New Marketing Paradigm, and the Movie "21"
At Unica’s Marketing Innovation Summit in New Orleans this week, I sat down with CEO Yuchun Lee to chat about the customer-centric shift he sees in marketing. Excited about the new customer paradigms taking shape, he also opened up about emerging trends like mobile and social media, and even commented on his role as one of the MIT students who took Vegas for millions in the 1980s and made famous in the book Bringing Down the House and most recently in the movie 21.
You said yesterday that there’s a paradigm shift where customers are taking control. Are companies in general prepared for that shift?
I think we’re at a stage where they’re aware of the change. Many are aware in an unpleasant way. It’s a mix in terms of the level of preparation and understanding. CEOs are understanding and making changes from the top down and others are clinging to those old models.
For the ones who are clinging, what does that mean for their futures?
It doesn’t mean that their business will go down the tubes; it means they have to be strong with an alternative strategy…. You can still do well, but it requires a different type of strategy. Customer intimacy is the one that it is affecting. There will be a lot that will be hurt by this.




