Exhibition World Issue 1 — 2020 | Page 44

Management Switching to truly agile tradeshow management Matthias Tesi Baur on how to prepare for changing tradeshow formats – Part One iscussions about the future change in tradeshow formats have been taking place for years. But it has never been clear when this change would happen… until now. The time for change is here! Shows such as Cebit, Baselworld and IAA have shown that there is growing customer appetite for new formats. These examples are also proof that when audiences demand a new show format, change can happen extremely quickly, sometimes in less than one show cycle. This calls for a totally new management style and a switch from an approach that focuses on simply tweaking successful formats, to truly agile show management. We need managers who are prepared to continually reinvent tradeshows to ensure they match the fast- changing business landscape and demands of our target audiences. So, why are tradeshow formats changing? The obvious answer would be the influence the digital era. But, when we drill down to find more comprehensive examples of the impact of digitisation, the answer isn’t so clear. People usually point to the role of digital tools, yet we’ve seen that digital matchmaking may not be all that fulfilling, and that digital buyer and seller platforms don’t effectively replace the face-to- face interaction and momentum that tradeshows can provide. Digitisation may not, therefore, 44 Issue 1 2020 Although not all digital tools directly influence and change our industry, the user behaviours that many of these tools are built around are triggering this change. be the main catalyst for the change and growth rates we’ve witnessed over the last 15 years. What aren’t we seeing? Why do flagship tradeshows fall like old trees in the storm? Why has our management style not been agile enough? One answer might be that, although not all digital tools directly influence and change our industry, the user behaviours that many of these tools are built around are changing. The business world is different to what it was even five years ago. In the past, we kept our private and professional lives separate and browsing social media sites such as Facebook was discouraged. This same attitude of not cross-pollinating the personal and the professional filtered into how we approached tradeshows. Business took over for days or even weeks, and friends and family took a backseat. Now the lines between our private and business lives have become blurred. People can (and do!) carry out business, check their Instagram account, schedule meetings or get an alert about their friend’s dinner party at any hour. Tradeshows that don’t cater to these new behaviours by providing high-speed Wi-Fi and breakout zones to accommodate our online and offline activities will inevitably be less favoured by our customers than tradeshows that do. What needs to change? First and foremost, we need to train our teams in agile management. Statements such as “my trade show is different” or “I know my exhibitors inside out” should have no place in strategy meetings, as they can prohibit change and be a barrier to deep customer-centred strategies. Instead, we should be asking ourselves: what do we need to understand better? How have customer expectations changed in the last six months? In many cases, current strategies are based on anecdotal knowledge gained over several years. Subjective opinions should not be dominant or used as the basis of a strategy. To be able to react in an agile way to customer demands, show teams need to develop deep customer data strategies, methodologies to source this data and analytical tools to interpret and transform it into something meaningful and useful. To fill the gaps in our knowledge, show teams should be asking the right types of questions: which show segments are growing? Which adjacent industry sectors not represented on the show floor are outperforming the growth of the show? Which Net Promoter Scores are divided by days, segments, seniority or age group, and how do we analyse these factors? How much time do exhibitors spend at booths, at show features or at registration? What is the average organic upsell rate for stands? These are just some examples of the types of data your show team should study. In Part Two of this article I will consider how “old” show formats should be changed and how we can manage this change. MBB-Consulting Group is a consultancy specialised in the international exhibitions, events, services and e-business sector. More information: www.mbb- media.com Below: Matthias Tesi Baur w w w.exhibitionworld.co.uk