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Chapter 2 Decision Factors

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Presentation on theme: "Chapter 2 Decision Factors"— Presentation transcript:

1 Chapter 2 Decision Factors
Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved

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3 Meeting Prospectus / Meeting Analysis
Defined objectives & benefits to organization Analysis of comparable recent events Estimate of attendance volume Attendee demographic & geographic distribution Benefits of attendance to stakeholders Estimated budget differential Best practices to support org. objectives Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved

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5 Return on Investment (ROI)
Expression of the relationship between the cost of a program and the benefit accrued to all those involved. Return on Event (ROE) Return on Marketing (ROM) Return on Objectives (ROO) Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved

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7 Meeting Profile What? Type of event Why? Objective Who? Participants
When? Proposed dates Where? Destination Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved

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9 Financial Considerations
Organization’s Budget 10-20% Contingency Lock in exchange rate Attendee’s Budget May not be negatively impacted Fully inform in advance Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved

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11 Participant Demographics
Organizational Socio-economic Ethnic or cultural Language proficiency Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved

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