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CREATING ACTIONABLE BUSINESS RELATIONSHIPS

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Presentation on theme: "CREATING ACTIONABLE BUSINESS RELATIONSHIPS"— Presentation transcript:

1 CREATING ACTIONABLE BUSINESS RELATIONSHIPS
Pulling businesses together to stimulate local commerce

2 Overview of today’s presentation
Common myths Watch out! Challenges Overview of techniques and strategies

3 Common myths Asymmetric relationship
Relationships are a small part of the process Small businesses can’t support the need

4 Common myths addressed
A business must choose which relationships best fit its business strategy 65% of clients precede RFPs with RFIs, phone screening or an informal letter Top selection criteria for commodity services are functional expertise, price and references

5 Watch out! Over-bundled procurements Unclear statement of work
Overly prescriptive requirements

6 Watch out!-continued One-sided contract and payment terms
Lack of performance metrics/flawed evaluation criteria One-way communication and one-shot deals

7 Challenges Market analysis Perception Getting to the decision maker

8 Overview of techniques and strategies
Greater Macon (GA) Chamber of Commerce/MEDC Minneapolis (MN) Regional Chamber of Commerce Greater Philadelphia (PA) Chamber of Commerce

9 Greater Macon (GA) Chamber of Commerce/MEDC
Chamber make-up: 1,188 members representing 68, 989 employees 93% have less than 100 employees Membership is largely in Bibb County, some memberships in contiguous counties

10 Greater Macon (GA) Chamber of Commerce/MEDC
Procurement Seminar Series “Common Pitfalls and Lessons Learned” (GEICO) Bibb County Board of Education The Boeing Company Robins Air Force Base Initiated to stimulate local commerce

11 Greater Macon (GA) Chamber of Commerce/MEDC
What we learned Vendor preference Format Residual effects Where we’re headed Potentially two separate series (one public/ one private) Partnerships Outreach to vendors and suppliers

12 The Minneapolis Regional Chamber of Commerce
“Creating powerful partnerships to unite and grow member businesses and the region.” The Minneapolis Regional Chamber of Commerce Over 1300 member businesses Representing 68 communities Breakdown of Member Businesses (Full Time Employees) % % % 3 Affiliate Chambers Bloomington % City of Lakes (includes downtown Minneapolis) 33% Northeast Minneapolis 17% Minneapolis Voted “Top 10 Markets for Small Business” – BizJournals 12

13 Small Business Forums: How to Become a Preferred Vendor
“Creating powerful partnerships to unite and grow member businesses and the region.” Small Business Forums: How to Become a Preferred Vendor Why was the program created Value to small business membership How the Small Business Forums were developed Small Business Growth and Development Committee Membership Priority What we have offered How to Do Business with Large Companies How to Do Business with Mid-Sized Companies 13

14 Small Business Forums: How to Become a Preferred Vendor
“Creating powerful partnerships to unite and grow member businesses and the region.” Small Business Forums: How to Become a Preferred Vendor What we have learned Connect with businesses never involved Retention Member Surveys Next Steps . . . Kristen Dalen Small Business Manager Minneapolis Regional Chamber of Commerce – Phone – Fax 14

15 Greater Philadelphia (PA) Chamber of Commerce
Chamber make-up Over 5,000 members representing over 175,000 employees Membership covers 3 states, 11 counties 86% of membership has less than 100 employees

16 Greater Philadelphia (PA) Chamber of Commerce
The GPCC Supplier Network Program What it is How & Why it was developed Where we are now Created as a solution to a member need

17 Greater Philadelphia (PA) Chamber of Commerce
The Future of the Supplier Network Program How to keep the program growing Program outreach Partnerships Updating the program and value added items Spin off programs

18 Questions and Answers


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