Yesterday, over 350 meeting professionals gathered at the Westin Harbour Castle Hotel in Toronto for National Meetings Industry Day. This year's theme People Power - Harnessing collective knowledge for economic success, allowed panelists and the audience to explore the opportunities and challenges of the current economic climate and the need to ensure that the industry message of the value of meetings is being heard by government, media and the general public.
The key points raised were:
- Metrics are essential. Meeting professionals must demonstrate to their companies and clients the value of meetings to the organization. Demonstrating the value (ROI) that meetings contribute to an organization's business objectives and bottom line is essential.
- Meetings Do Mean Business. Government, media and the general public need to understand the economic impact of meetings and events. In Canada, we are fortunate that the MPI Canadian Economic Impact Study is available as a resource to us to demonstrate that economic value. We need to do a better job of communicating that message.
- We are in this together. National Meetings Industry Day - Toronto was supported by seven of the major industry associations. This speaks volumes. Now is the time for a collective voice, and collective action.
- Take Charge of the Future. In the US, they have developed policy guidelines for meetings. Leaders from key organizations representing the meetings, events and incentive travel industries united to issue guidelines on acceptable business travel practices to companies that have received emergency government lending. The guidelines, built upon existing corporate best practices, are designed to ensure transparency and accountability and protect the one million American jobs supported by corporate meetings and events.The standards support President Obama's recent call for the boards of directors of companies that have received emergency government lending to develop guidelines on conferences, events and employee recognition programs. (excerpt from https://www.mpiweb.org/cms/mpiweb/MPIcontent.aspx?id=23566)
- We Must Change Perceptions. How do we define this industry and what we do? The language we use to define our businesses and our industry is important. Think about your 30-second elevator conversation - Do you define the meetings and events business and your role in it? Do you explain how important meetings and events are to business performance?
If you attended National Meetings Industry Day we would love to hear your thoughts on the discussion. If you didn't attend and have an opinion, we'd also love to hear from you.
Nikki
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