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Archive for January 8th, 2008

Maximize This Year’s Marketing Budget

Tuesday, January 8th, 2008

I was surprised by the results of a recent survey. They showed that 95% of meeting planners said their organization does an adequate job of sharing information across departments revealing the total sum of meetings costs and identifying suppliers. But when asked if they must use, or even consider using, the suppliers with volume agreements, almost 50% of the planners said they had no such restrictions. (Meeting News Nov. 2007) This doesn’t make sense. It isn’t enough to wrap your arms around total meeting spend. Companies must leverage this knowledge and spend to significantly lower and/or avoid internal and external costs.

The best way to achieve this goal (and savings!) is to implement a Strategic Meetings Management Program (SMMP). (more…)