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Guest Speaker – Lindsey Creath Report out on Event Description Defining the Vision Next Week
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Upon completion of this week, the student will understand: Defining the Vision Determine the purpose of the event Establish environmental standards for the event Define financial goals of the event
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Who is the client? › Association Market › Business Market › SMERF Market Purpose of the Event
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› Association Market Trade associations Professional associations Nonprofits
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› By the numbers More than 20,000 national associations In addition to their membership rosters, 500,000 are employed to manage the associations 227,000 association meetings and event s each year 37.5 million people spending $38 billion Average annual expenditure for an association event is over $300,000 Sources: Shock, Sgovio, Stefanelli. On-Premise Catering, 2011. 2008 Meetings Market Report, Meetings & Conventions Magazine, August 2008
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Events they hold › Local chapter meetings › Committee meetings › Board meetings › Topical conferences › Educational events/workshops/seminars › Charitable works › Annual conventions - exhibitions
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What are the Top 5 convention cities?
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Las Vegas Chicago Orlando New York City Anaheim
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What about Omaha??? › Omaha Convention & Visitors Bureau › http://www.diabetes.org/in-my-community/local-offices/omaha-nebraska/ http://www.diabetes.org/in-my-community/local-offices/omaha-nebraska/ › http://www.heart.org/HEARTORG/Affiliate/Omaha/Nebraska/Home_UCM_ MWA026_AffiliatePage.jsp http://www.heart.org/HEARTORG/Affiliate/Omaha/Nebraska/Home_UCM_ MWA026_AffiliatePage.jsp › http://www.komennebraska.org/komen-race-for-the-cure/race- information/nebraska-omaha-race/ http://www.komennebraska.org/komen-race-for-the-cure/race- information/nebraska-omaha-race/
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Corporate and business markets represent 75% of the total catering sales in the United States. Some are booked years in advance Not economy sensitive, more stable More concerned with overall value than solely on price Planned attendees are guaranteed Source: Shock, Sgovio, Stefanelli. On-Premise Catering. 2011
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Events they hold › Meetings and conventions › Incentive events › New product introductions › Building openings › Recognition
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Training sessions and seminars Anniversaries ICW (in conjunction with) Customer appreciation Sporting events
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By the numbers › 1.1 million events › 84 million › Over $30 billion per year on events › Average event $550,000 Source; 2008 Meetings Market Report, Meetings & Conventions Magazine, August 2008
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What about Omaha??? › Berkshire Hathaway Shareholders Meeting http://www.berkshirehathaway.com/meet01/2012meetinginfo.pdf › Kiewit 125 th Anniversary Celebration › US Figure Skating Championships http://www.2013uschampionships.com/
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Social, Military, Educational, Religious and Fraternal gatherings Tend to be smaller associations of people for a specific reason Participants typically pay their own expenses so accordingly are more price sensitive
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Social Events › Weddings › Wedding anniversaries › Reunions › Bar and Bat Mitzvahs › Baptisms and Confirmations › Birthdays › Fundraising events
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Military Events › May involve attendance of high ranking political figures › Subject to many rules › Many have per diem rates that set limits on expenditures for lodging and meals › Meeting places and accommodations must meet ADA and fire safety certifications › Enhanced security requirements are common
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Military Events › Training of government workers › Awards functions › Federal holiday celebrations › Meetings › Balls
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Educational Events › Can generate a respectable amount of revenue and profit › Includes sporting events associated with institutions; high school, college, etc.
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Educational Events › Continuing education seminars › Symposiums › Graduations › Graduation parties › Alumni events › Donor recognition › Fundraising events › Fraternity and Sorority events › Sporting events/tournaments
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Religious Events › Church fundraisers › Weddings › Baptisms › Confirmations › Bar and Bat Mitzvahs
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Fraternal Events › Rotary, Kiwanis, Masonic organizations › A good source of steady business › Standing orders for meetings, i.e. every Monday at 12:00noon
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Shortening of meetings to reduce lodging and meal expenses Increasing cyber conferencing Changing frequency of Annual meetings to every other, etc. Going to more regional meetings that members can drive to reducing air travel More value focused, i.e. live video for non-attending members
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Increasing the interactivity of meeting sessions Merging of sponsoring organizations Virtual trade shows Outsourcing Focus on ROI
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Identified client Defined the purpose Next step establish the financial goals
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Profit Goodwill Entertainment Publicity
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Purpose of the Event Support area high school Culinary Arts/ Food and Consumer Studies programs Prepare for the State Pro-Start competition Familiarize high school students and parents with the MCC Culinary Arts Program Introduce Culinary Arts as a career option Network with Industry professionals
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Financial Goals › Goodwill › Entertainment › Publicity
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Financial Goals › Define financial goals of your event Profit Goodwill Entertainment Publicity
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HOLIDAY time Next class will be January 7, 2013 Guest Speaker – Megan Gilligan, Director of Catering Embassy Suites, LaVista and owner of Inkblot Paper Designs Organizational and Planning Considerations
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