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What in your opinion are the three most influential ideas of modern advertising? My vote:

1) Branding
2) Positioning
3) Direct marketing

You?

Tags: branding, direct, positioning, theory

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1) strategy
2) concept
3) reach/tact/closeness to consumer - consumer experiences etc.
Something that works, regardless of what our insider name for it is. And, it only works when our collective BS egos are placed second to it.
Exactly what Buddy said.
I agree with Jynx.
If we're talking big ideas, in my opinion branding, positioning, strategy, concept, etc. are all tools to achieve three key ideas - ideas that result in sales:

RELEVANCE: does this product/service/company mean anything to me?
AFFINITY: do I feel any closeness or interest in it?
TRUST: am I willing to risk my money/reputation on a purchase from this organization?

The tools are necessary too, but don't necessarily lead to conversion.

Just my $0.02.
I would also say (or as Malcolm Gladwell would say in "The Tipping Point") the "sickyness factor". Will they remember this and think about this ad during their entire day?
I agree...if there is closeness to your consumer sort of a "built-in" rapport it will produce better results.
1. Word of mouth
2. Word of mouth
3. Word of mouth

Jack Bauer once forgot where he left his car keys then tortured himself for three hours until he gave up the information.
1). Authenticity.
2). Relevance.
3). Originality / Innovation.
1) Brand building & sustenance- one brand, multiple messages and adding strength from one message to the next
2) Interactivity- based on consumer insights & engaging target audience
3) Emotional perusasion- inspires, indulges, humors, teases
1) Communication
2) Connectivity

I think whatever tool / medium is followed or say whatever strategy is taken; unless and until the advertisement doesn't communicates the message (profits / benefits of the product being advertised) to the prospect, the purpose is not solved. So, advertisement should COMMUNICATE the message in well crafted words.

Next, the advertisement should CONNECT to the prospect. It should either solve one (or more) of the needs or create a need in his eyes and mind. In this way the idea will be to create an urge to buy the product being advertised.

Advertising on these lines will definitely transform any prospect into "CUSTOMER".

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