Thinking Things
Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again

Blog
Wall Street Wake-Up Call - The Sequel
Posted on 2 April, 2013 at 21:29 |
It was an inadvertent wake-up call, initiated by a Wall
Street Journal commentary ripping the meetings industry to shreds. And you know
what? It woke us up! After Holly Finn’s column referred to meetings as “Bordellos
for the Brain,” we got mad. But we maintained our cool – for the most part. The
outpouring of comments were heartening and on the money. My favorite was from
the Convention Industry Council’s Karen Kotowski who noted in her letter to the
WSJ that they chose not to print, “The
editors of The Wall Street Journal
host invitation-only conferences throughout the year with the world’s most
influential and powerful leaders. Their own publication recognizes the value of
bringing together leaders, face-to-face to discuss and provide solutions to
pressing problems.” Thanks to
everyone who weighed in on the issue of speaking up for our industry and
preaching the value of face-to-face meetings. But comments, of course, are just
comments. We mustn’t stop here. Check out this random compilation of what was said
over the last two weeks by industry professionals, and help spread the word: “With 1.7 million of us who
are part of the meetings industry, one would think we could get the message out
to the world. The problem is that outside of the planners, hoteliers, and DMOs,
too few of us who contribute to making this industry spectacular sing the
praises of the business. We need to all be loud and proud to be part of this
important industry.” –Thom Singer, NYP Speakers “We need to extend the
dialogue to the kind of business leaders who read the Wall Street Journal. But
it's not about how many folks we employ or how much spending we generate. We're
in the performance improvement business. The real value proposition of meetings
and events is how much better off someone or some organization is as a result
of meeting face-to-face. The answer to the question, 'What's the business value
of your meeting?' can easily be answered. What's most interesting to me is why
more meeting professionals or other stakeholders don't even bother.” –John Nawn, The Perfect Meeting
“We needed to be reminded how important our role as meeting professionals is to
business in general. I have been a planner 30+ years and many people think we
are party planners. I'm proud to be part of this amazing industry and to be
considered one of the best jobs! We need to say it often and loud how important meetings
are and our roles we play in those meetings.” –Vanessa Kane, CMP, CMM,
Veterans of Foreign Wars of the United States “We need to constantly
promote the value of what we provide. If we do not, we risk being seen as
simply a commodity throwaway service.” –Richter Elser, industry
operations professional “The only way our industry
will survive as part of this continued negative press is by continuing to
respond with meetings that showcase the positives of our industry and then
educating the public how we have taken these past experiences and used them in
order to service them better.” –Charlotte Davis, CMP, Event
Source Professionals “What our industry needs is a good kick in the pants. The time for advice has passed; now is the time to engage everyone you have contact with about the power of face to face. Advocacy means doing what you say! Roger Rickard and Roger Dow know what we mean. So make the effort to get off of your duff and be an advocate for our industry.” –Chris Meyer, Las Vegas
Convention and Visitors Authority “Are we in the business of creating jobs and generating tax
revenue? We are in the business of advancing society, whether through
performance improvement in business, or engagement and education. We create the
stories that advance society. We must be able to answer that our face-to-face
meeting helps someone, some organization, some cause, or some industry.” –Roger Rickard,
advocacy expert “For those of us who have been at this for a while, this is
a familiar battle and obviously one that we have not yet conquered. We are
making progress but need to continue to make it a priority.” –Rebecca Coons, Nalu Creative “This unfortunate perception remains. But as an industry we
are sometimes guilty of not making the very best of meetings. Meetings are
likely one of the few occasions where an organization has their best people or
best clients captively in attendance. We need to take advantage of and capture
that diverse experience and knowledge, and put it to use beyond the event
itself. We should see events not just as a ‘kick-off’ at the beginning of, or a
‘celebration/reward’ at the end of a business strategy, but more a fundamental
piece of the ongoing execution of that strategy. Meetings have the capability
to generate more and better focused results in three days than a costly
six-month exercise with a management consultant. That’s when business leaders
will take notice and value the wisdom of their crowd.” –Simon Bryan, Lumi
Mobile “Building relationships is a primary reason for a meeting.
Networking within your company, industry, profession, community, etc. is vital
to creating shared visions and the strategies and results that spring from
those visions. So for someone to claim that meetings are boondoggles shows a
lack of understanding, not only of the role of meetings, but in the biological
make-up of humans as social animals.” –Michael
Humphrey, American Program Bureau “The industry as a whole has
to be stronger in advocating for meetings as a way to achieve - measurably -
certain business objectives. But I would imagine there are lots of individual
planners who aren't going to have the capacity nor the analytical approach to
implement an ROI or objectives-driven approach. The huge challenge for meetings
in this context, though, is that marketing is becoming more and more digital,
with all the analytics capabilities that go along with that. So essentially the
meetings category is competing with other marketing choices that are going to
be better at quantifying ROI. I'm not sure if it's reasonable to expect every
individual planner to become a strategist - in fact, I'm sure it's not. It may,
however, be reasonable to make sure planners can at least speak the language of
marketing. That's also going to be helpful in marketing their own businesses,
and in understanding the motivations of sponsors/exhibitors.” --Meredith Low, Meredith Low Consulting “From my experience, planners
are extremely overworked, frazzled, and focused on logistics. They know ROI is
important but who has time? Bringing in consultants is one option, but I don't
think they're in a strategic enough position to build the case, and maybe don't
even understand how to build the case. Unless higher-level marketing and sales
managers get involved, I think ROI will continue to be a topic all of us say
should be measured but never effectively will be.” –Eva Montgomery, The Content Strategy Group “That's why it's imperative
for meeting planners to show meeting results and prove ROI beyond meeting
evaluations (did you like the speaker, did you like the food, did you like the
venue). Many planners know what they need to do to make a meeting happen, but
we need to do a better job as an industry demonstrating why we hold a meeting
in the first place and how that meeting drives better business decisions. We
need to educate our community that we must prove the results of the meeting --
what was discussed, what challenges where uncovered, what solutions were
discovered, what is the path forward. These are powerful questions often missed
at meetings. There are ways to provide tangible, reportable proof of success.” –Susan Abrams, IML Worldwide “I think the planners
understand everything Jim points out about the dangers of just being good at
what they are good at -- and are comfortable with that. The challenge for the
industry/community is to figure out how to spot, groom and support those that
want to take it to the next level. There is a place between the CEO and the
meeting planner for the strategist. As a community we just have to keep
educating the planners that this move needs to happen and teaching those that
want to make the leap how to get there. So my thought is: is the time ripe to
create a new job -- something not called Meeting Professional -- that blends
the marketing, financial, ROI and meetings world into one. So where does this
new person come from? I'm sure there are planners dying to make the leap up,
but I think the masses want to be planners. So how do we move into this new
world?” --Sharon Fisher, Play with a Purpose "81 percent of communication is non-verbal, so just think about the amount of lost ideas, innovation, and collaboration never created if we only met virtually." --Janet Sperstad, CMP, Madison Area Technical College |
Categories: None
/