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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. Legal Risks.
This year, we talked tips, tricks and insights with legal professionals on negotiating event contracts and navigating the current legal landscape. Meeting professionals today are riskmanagers.” Harness the Power of Negotiation for Post-Covid Success. “In Contract Negotiation: Post-Pandemic Clauses You Need to Know.
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. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.
With today’s headlines, riskmanagement is on every event professional’s radar. The best way to take steps toward protecting your attendees in the case of emergency is to have a clear emergency management plan for each event you host. Ask your venue contact about existing riskmanagement or emergency procedures already in place.
“I have never read a book about event planning specifically, but I found Getting to Yes: Negotiating Agreement Without Giving In by Fisher, Roger, Ury, William L., Patton, Bruce, to be very helpful when it came to negotiating contracts,” shares Maxine Viktor with Prismatic Event Planning and Public Relations.
Whether your meetings specialty is event design, contract negotiations, operations management, sustainability, riskmanagement, virtual events, speaker trends, food & beverage, or something else entirely, our call for speakers is seeking fresh voices to educate and spark new ideas for meetings and conventions.
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. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.
Electronic hotel-room keycards with a security vulnerability puts a new risk-management issue on planners’ plates. While planners could try to negotiate cancellation without penalty if the doors aren’t fixed, “I don’t know how practical that is,” Grimes admits. That’s changed. Grimes asks.
Negotiation. Negotiation is a valuable life skill. Whether it’s a discussion on budgets or timelines, with your clients or vendors, negotiation skills help you better at your job. Knowing how to negotiate well can help you gain confidence, get a fair deal, and improve your strategic planning. RiskManagement .
It’s time you negotiate with these vendors because your in-person audience size has become small, and you need to divert your money to the virtual component as well. . We, as event organizers are facing a very practical problem now in terms of riskmanagement and preparation. Conclusion.
Meeting professionals today are riskmanagers. Hotels have been a little more flexible about attrition during Covid when the alternative is canceling, but this is always open to negotiation. Foster, CHME, an attorney with Foster, Jensen & Gulley , for an exclusive Q&A on event contract essentials in the Covid era.
Enhance client trust and confidence You can use event insurance to highlight your commitment to client well-being and riskmanagement, which could be a deciding factor for clients who prioritize a secure and stress-free event experience (aka, everyone). Get started today! So don’t wait!
After weeks spent on Zoom calls and virtual happy hours , attendees will expect more tech-driven options and companies will look for riskmanagement that takes into account serious disruptions. Experts warn that agendas will not just pick back up where they left off. They allow planners to access tips that work in the real world.
Strategically source vendors and negotiate contracts to reduce expenses. Mitigate Risks Identify and plan for potential risks to your event to avoid issues. Consider risks related to attendance, sponsorship, logistics, and technology and establish contingency plans. Fourth, focus on data-driven decision-making.
Since event planners are always tasked with managing a million moving parts, their brains are definitely getting a workout. Tasks such as budgeting, riskmanagement and working with a variety of shareholders can certainly pose productive challenges. Mastering stress management. Maintaining a sharp mind.
Here are some action items and ideas that you can implement at whatever stage of your meeting you are in, from Choosing a Location or Venue, to negotiating The Contract , or creating a Communications Policy.
Negotiation is more essential than ever for achieving cost savings, and planners should work closely with partners — including DMCs, hotels, speaker bureaus, and food and beverage vendors — to identify creative opportunities for doing more with less. A collaborative approach will always benefit you in all aspects, including managing costs.”.
It’s time you negotiate with these vendors because your in-person audience size has become small, and you need to divert your money to the virtual component as well. We, as event organizers are facing a very practical problem now in terms of riskmanagement and preparation. Conclusion.
It’s time you negotiate with these vendors because your in-person audience size has become small, and you need to divert your money to the virtual component as well. We, as event organizers are facing a very practical problem now in terms of riskmanagement and preparation. Conclusion.
Better contract negotiations. We have implemented a risk-management manual to our events and we have purchased more event insurance for better protection. Increase in what we budget for food and beverage, and managing other costs more closely. Started implementing a strategic meetings management program.• . •
You may wish to make some rules non-negotiable. You can read the trade press, delve into blog posts, and listen to podcasts to increase your knowledge and experience, especially in riskmanagement. And it’s also super helpful to look at riskmanagement with fresh eyes. That may be too much for some planners.
We advise working with your legal and riskmanagement to establish acceptable approaches to what could be problematic, what solutions will be explored and the timing. To best be prepared and aligned with the hotel, it is important to address so you establish a shared agreement as it relates to the pandemic and its impact on a program.
Read More : RiskManagement: Events are Risky Business Extra costs could also show up indirectly in hotels showing less flexibility for what can be charged to the bill post-program, or just overall less “wiggle room” because the venues are trying to cover their own higher costs.
Negotiating with Vendors. If you want to attend in-person classes and earn your diploma in Event and Venue Management, Trebas is for you. contract negotiations, and. advertising and venue operations management. RiskManagement. The Fun Starts Here: How to amaze, delight, and engage your event attendees!
This is a non-negotiable! If you do not secure your cables and wires, you run the risk of guests tripping and hurting themselves. Here are some pointers to consider to ensure safety for all your attendees. Planning A Safe Event Starts With Cables And Wires. Let’s start with the very basics.
This approach allowed me to develop competencies in administration, diplomacy, negotiation, personnel management, financial management, project management, business management, riskmanagement, and entrepreneurship.
THE ART OF THE DEAL Ogbeide sees negotiation experience as essential. 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. How do you identify a risk?”.
Contract Negotiation Is Mutually Beneficial During this critical part of the process, prospects need to be strategic. It bears repeating that you will want to negotiate favorable terms and a fair and comprehensive contract that protects your rights and interests as well. It shows a willingness to improve.
So the interns should learn how you negotiate that type of situation.”. Of the 27 competencies listed in CIC’s handbook, it could be site inspection, contract negotiation, promotions, and publicity. THE ART OF THE DEAL Ogbeide sees negotiation experience as essential. How do you identify a risk?”.
Another thing to mention is that the EU’s AI Act only applies to EU members and is being negotiated by the 27 member states. The Council of Europe’s instrument is being negotiated by 47 member states as well as observer states and non-member states such as the United States, Canada, Japan, Mexico, and Israel.
What Businesses Look for in a Corporate Event Planner Internal Events 101 External Events 101 Overcoming the Seven Deadly Sins of Event Management Event Decorating Resources: Attention, students and grads of QC Event School’s Event Decor Course !
Strategically Negotiate Contract Terms During this critical part of the vendor selection process, be strategic. Make a list of these factors and any other relevant questions to bring up during negotiations so you don’t miss anything. This builds trust with stakeholders and ensures that the decision process is fair and open.
CMP International Standards, for example, are updated every five years to cover the latest in strategic planning, project management, riskmanagement, financial management, human resources, stakeholder management, meeting/event design, site management and marketing. Pop Quiz for MPI Innovator Jessie States.
To get the CMP title, a person must show that they are good at negotiating contracts, planning events, managingrisks, and marketing. Additionally, you must have 25 hours of continuing education credits related to meeting management or event planning. CMP certification is now recognized as a global standard of excellence.
Learnings from the course:- The students are taught about different aspects of event management such as riskmanagement , marketing, social media, event budgets, and other topics which will help one to become a successful event manager/planner. International Event Management Courses. Linkedin Learning.
Companies are by definition risk-averse entities. The exit procedure will trigger a long phase of instability of two years only to negotiate the possible leaving conditions, and 10 more to possibly rewrite rules and commercial treaties. In this phase, alternatives will be sought.
Companies are by definition risk-averse entities. The exit procedure will trigger a long phase of instability of two years only to negotiate the possible leaving conditions, and 10 more to possibly rewrite rules and commercial treaties. In this phase, alternatives will be sought.
What Businesses Look for in a Corporate Event Planner Internal Events 101 External Events 101 Overcoming the Seven Deadly Sins of Event Management Event Decorating Resources: Attention, students and grads of QC Event School’s Event Decor Course !
What Businesses Look for in a Corporate Event Planner Internal Events 101 External Events 101 Overcoming the Seven Deadly Sins of Event Management Event Decorating Resources: Attention, students and grads of QC Event School’s Event Decor Course !
Oren is one of the world’s leading experts on sales, raising capital and negotiation. He is most known for writing a compelling book on SaaS sales, “Blueprints for a SaaS Sales Organization: How to Design, Build and Scale a Customer-Centric Sales Organization” Oren Klaff Who is he? Where to find him? Seema Acharya Who is she?
Walker is a faculty of the Foster School of Business, at the University of Washington, as Director of Experiential Learning in Analytics and Senior Lecturer of Marketing and International Business, where he teaches course in Analytics, Marketing, RiskManagement, and Digital Strategy. Where to find him? Seema Acharya Who is she?
Event budgets also act as a riskmanagement tool. This enables organizers to devise backup plans, forge partnerships, and negotiate favorable deals with vendors to ensure that the event stays on track throughout planning and execution. Whereas, starting too late can mean less options and premium rates.
The Philadelphia Marriott Downtown’s decision to host the Moms for Liberty national convention has lawmakers asking questions, and raises important riskmanagement issues for meeting professionals to consider. For meeting professionals, the situation is a good reminder of several site-selection and risk-management best practices.
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