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Riskmanagement is a dedicated preparedness rather than simply a mental exercise, according to Lisa Sommer Devlin, the most recent Smart Meetings webinar host. In her talk, “RiskManagement 101,” she outlined strategies for dealing with the risks of the industry, as well as how to actively avoid them.
This year, Smart Meetings provided webinars by an amazing group of speakers. RiskManagement 101. Smart Meetings’ Top Webinars of 2018 appeared first on Smart Meetings. There are heaps of helpful advice out there for planners looking to create a better event experience for their attendees.
Weighted risk tracking helps manage real contingency requirements We all plan events months in advance, years in advance, or maybe even, days in advance. Because of that not only do our riskmanagement plans need to be well-thought out but so do our finances to cover those risks. Turns out there is.
When the going gets tough, the tough cut costs—at least in the financial and insurance conference sector, where budgets often are more likely to come under the scrutiny of regulators. More : Budget FinancialMeetings: Doing More with Less. Riskmanagement is a team challenge and should be approached from every angle.”.
Meetings in the financial and insurance sector require outside-the-box thinking. The economy was humming along before the coronavirus hit, but even then the majority of meeting planners in the financial and insurance industries were keeping their budgets in neutral. Financial and insurance meetings in the U.S.
Softrax’s definition of account hierarchy notes that this structure aims to ease financial reporting, analysis, and management. When financial data is organized in a logical and consistent manner, it’s easier for event management teams to understand their financial status for better budget creation and decision-making.
Softrax’s definition of account hierarchy notes that this structure aims to ease financial reporting, analysis, and management. When financial data is organized in a logical and consistent manner, it’s easier for event management teams to understand their financial status for better budget creation and decision-making.
The definition of “risk” has grown beyond the traditional definitions of financial, operational, reputational and security issues meeting professionals checked off their list as they prepared to bring people together in days of old. Defining Risk. Technology Risks. Or they may work, but pose a cybersecurity threat.
How meeting profs can keep event data safe with the latest cybersecurity tools You don’t want to be the next data leak to hit the headlines. It runs the risk of your computer or tablet getting malware and giving hackers the keys to your data. It limits your liability in the space and limits your risk.” But what to do?
John Helderman and Stacie Michaels John Helderman (left) and Stacie Michaels (right), Fontainebleau Las Vegas Fontainebleau Las Vegas names Helderman chief financial officer. Read More: Smart Moves in Denver, Chicago and More The post Smart Moves in Las Vegas, New York and More appeared first on Smart Meetings.
Association management has two primary areas of accounting that are highly important: financial and managerial accounting. Read more about the duties of a board of directors and financialmanagement in this article written by my colleague. Association leaders do not have to be experts in financialmanagement.
It can also be effectively used by meeting and event teams of all sized to deliver better end products. Effective procurement strategies not only ensure that companies get the best value for their money but also play a role in riskmanagement, innovation and corporate social responsibility.
Greg Sparrow, senior vice president and general manager at CompliancePoint, an Atlanta-area consultant for cybersecurity and riskmanagement, bemoans the fact that repeated occurrences of data theft at major companies in recent years has led to a “desensitization” of public reaction. appeared first on Smart Meetings.
As the accounting manager for an association management company (AMC), I deal with various types of accounting issues, software, financial questions, concerns, you name it! There are many benefits to having an AMC manage an association’s finances and here are five that go beyond just debits and credits.
Being the person that speaks up at a holiday event planning meeting and addresses tough, valid and scary concerns around the safety and well-being of your guests, could earn you the nickname Ebenezer Scrooge, but rest assured you will soar to the top of the “nice” list when you save Christmas! The answer is two words: riskmanagement.
I invested countless hours in travel and meetings, passionately explaining to potential buyers why the Dominican Republic was an ideal incentive destination.” It was about gaining a holistic view of the meeting and event planning industry. Read More: Hey, Busy Meeting Planner, You Feeling Stressed?
The meetings industry is not so simple anymore. Smart Meetings talked to industry experts about why certification has become so essential, the commitment required and specific areas where event professionals are focusing to achieve their A-game. Certified Meetings Experts. Pop Quiz for MPI Innovator Jessie States. Jessie States.
If you’re like many corporate meeting planners, planning meetings and events may only be part of your job and you learn as you go, without formal training. But if planning meetings and events are a passion of yours and you want to become a meeting professional, there are 33 skills you need to master. J: Marketing.
It can also be effectively used by meeting and event teams of all sized to deliver better end products. Effective procurement strategies not only ensure that companies get the best value for their money but also play a role in riskmanagement, innovation and corporate social responsibility.
“Especially for those who only touch a piece of the industry, learning about all that is involved, from incentive-program design and strategic planning to stakeholder management, will allow suppliers to add value.”. The post 80 Questions That Set Certified Incentive Professionals Apart appeared first on Smart Meetings.
Are you doing what you can to adjust to meet people where they are for maximum success? For more financial tips on managing a crisis, see our previous articles: [link]. The post How to Handle the Loss of an Association’s Accounting Software appeared first on Strauss event & association management.
This approach allowed me to develop competencies in administration, diplomacy, negotiation, personnel management, financialmanagement, project management, business management, riskmanagement, and entrepreneurship. I did not have to win Wimbledon to receive a kiss from the duchess.
Organized annually by MaxComm Communication, the event reassembles up to 400 participants: event organizers, teams, venues, technical providers, media, insurance and financial companies etc: the sport of sailing’s key actors from all over the world. That helps them find people they are interested in meeting.
Have a riskmanagement plan in place for each event. It’s time to refresh your practices with regards to risk assessment plans ! Remember that a risk assessment plan has three main parts and serves the purpose of making your event as safe as possible for everyone involved and nearby. A review of the basics.
If you’re interested in scheduling Bob to speak at your company meeting, conference or convention, please contact Kathy Tagenel at (775) 220-6995 or click here to email her. Christy Lamagna is the founder of and Master Strategist at Strategic Meetings & Events. Where to find him? Brian Tracy Who is he? Where to find him?
THE 36,000-FOOT VIEW Liz King focuses on giving her interns wide exposure to the meetings industry as a whole. They have to be able to manage a contract,” he said, “depending on the kind of meeting they’re having.”. RISKMANAGEMENT Ogbeide wants his students to learn to mitigate risk as it applies to meetings and events.
If you’re interested in scheduling Bob to speak at your company meeting, conference or convention, please contact Kathy Tagenel at (775) 220-6995 or click here to email her. Christy Lamagna is the founder of and Master Strategist at Strategic Meetings & Events. Where to find him? Brian Tracy Who is he? Where to find him?
DGI has military, civilian and industry geospatial intelligence leaders at this year's meeting in London to discuss new policy developments and the latest in technology. East Meets West. Discover advances in deep learning tools and techniques from the world's leading innovators across industry, research and the financial sector.
It is an innovative and easy-to-use cloud and mobile event-planning and performance-tracking platform that helps planners to save more than 30 percent of their time on administrative work, utilize smart insights to make the right cost/benefit decisions, run perfect events and generate better results, and control costs.
The silver lining in the wake of these tragic events is that everyone has come on board – hotels and other meeting venues, event organizers, security firms etc. Proper planning and risk assessment are very much part of the venue security process, whether you’re planning a large-scale event or smaller meeting. Venue selection.
By selecting the right market and continually meeting its needs, your business is more likely to enjoy stable growth over the long term. Riskmanagement : Entering the wrong market or pursuing too many markets simultaneously can expose your business to unnecessary risks and financial strain.
Bureau of Labor Statistics predicted a 10-percent increase in the number of meeting-and-event-planning jobs by 2024. CHME, CHSP, CMP, CHE, who in addition to teaching classes at Metropolitan State University of Denver, serves as a faculty adviser for the school’s hospitality, tourism, and events management department. “In
Event insurance is available not only for the security of the event but a lot of suppliers won’t move forward with meeting organizations that do not have it. And with event insurance it’s all about riskmanagement. Concerned about possible risks and vulnerabilities when planning events? I have Event Insurance or Do I?
Two presenters at the recent Global Business Travel Association Convention say the same focus has not been turned on meeting attendees. Duty of care practices are well established for individual employees traveling the world for their companies. read more.
According to Forrester, 21% of B2B buyers say their interactions with vendors are “low value” , thus highlighting the gap between buyer expectation and what salespeople deliver in sales meetings. They want to know a vendor’s technical capabilities, financial stability, track records, and compliance considerations.
Look into technical capabilities, financial stability, track record, and compliance considerations as well. Thorough due diligence will help mitigate risks and lead you to a reliable and trustworthy vendor. Take time to meet with representatives from different solution providers and engage in open communication.
Increasingly, cybercriminals leverage crisis and news headlines to fuel and fund social engineering scams, financial fraud and geo-political influence. Rapid growth in remote workforces, cloud jacking, smart devices, cyber blackmail and disinformation have altered the way we must defend our data, privacy and profits. Has your mindset evolved?
He oversees the organization’s finances, information technology, global procurement and riskmanagement, as well as capital deployment and M&A in strategic areas of growth including the acquisitions of Blue Man Group, VStar Entertainment, and The Works Entertainment. Yes, I do review financial performances and KPIs with the team.
Risk consists of two components: acknowledging something can go wrong and the destructive consequences that will happen if it does. The first step is to identify risks. They can result from human error, financial changes and market fluctuations, technology breakdowns, and/or disease, weather and natural disasters. Next: MBEC 6.03
Connect with our community to gain practical insights and best practices to help meet the expectations of the organizations, agencies, and citizens you serve. EmberConf is the best place to meet the folks behind the magic. Expo for influencers, financial and content marketing bloggers, etc. Where Money and Media Meet!
The only way to know what it's like on the ground in your destination is to be on the ground. Don't let attendees' perceptions keep you from giving them the opportunity to enrich their lives through international travel. read more.
According to a recent Maritz Industry Trends Report , most meeting expenses are up over 20 percent since before the pandemic. Instead, event planners are living within the constraints and are more reliant on proper planning and financial forecasting to ensure the success of their events. But, most budgets haven’t budged.
More : What Does a COVID Vaccine Really Mean for Travel and Meetings? Sanitation and health security will be permanently more important riskmanagement strategies,” said FICP Executive Director Steve Bova, CAE. The post IRF Survey: Prospects for Resumption of Incentive Travel Optimistic appeared first on Smart Meetings.
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