Exhibition World Issue 3 — 2019 | Page 50

Analysis Growth rates and profitably must be underpinned by a sales-focused organisation and a well-developed commercial strategy to defend the market position and this may just be the Achilles heel of German organisers. As they are specialised in organising large-scale tradeshows, often with waiting lists of exhibitors, their teams often maintain wall- bound situations where sales skills and sales structure are not necessary or don’t need to be developed. Time for a new game plan? As the environment is changing, with the economy tightening its purse strings, so too are many exhibitors. They are starting to scrutinise more carefully the reason for, and the return on, participating in tradefairs, which not so long ago, they were chasing after. MBB-Consulting Group recently conducted an industry survey into the main internal triggers stimulating growth in tradefairs. The primary purpose of the survey was to understand what the industry believes are the key triggers for industry growth, how important they feel these triggers are, and whether they are well developed in the responders’ own companies. While the industry seems to be in an agreement that aspects such as sales culture, new revenue streams and upselling processes are enormously important in triggering growth, it is quite eye-opening to see that, on the aspect ratio of 30% to 60%, fewer participants believe that these functions are well developed in their organisations. Alarm bells should ring for any company where there is a perceived imbalance between how developed a sales function should be, and how developed that sales function is in reality. In other aspects, the industry is less united. 40% of respondents deemed rebooking extremely important and 20% didn’t think it was important at all. The majority of respondents admitted to not having a well- developed rebooking strategy in place. This was again an interesting insight as our industry seems to acknowledge the importance of a commercial aspect yet has difficulty acting on it. The survey shows a similar picture when it comes to pricing strategies, as there seem to be differing opinions as to the importance and effectiveness of this trigger. Some respondents rate pricing strategies as extremely critical, but surprisingly, others don’t rate it as an important commercial trigger at all, Above: Berlin, Kreuzberg subway. with a view on Oberbaum- brucke To read the detailed White Paper on Top 10 growth triggers and how they can be implemented within your company, contact matthias.tesi. and even more admit that they have not even developed a pricing strategy. Performance-based salary strategy is another under-developed area in our sector, when compared to the methodology used by other high- performing industries. Although German organisers may seem to be taking a little longer to adapt to change, and to consider new, commercial ways to attract business, they are still a strong team within the exhibition industry ‘Premier League’. Although they have lost some ground, they are still a force to be reckoned with, and we will continue to consider them leaders in setting standards, in driving quality and delivery. From our research, it is also clear that while German organisers need to play a bit of commercial catch-up, other regions also need to consider which triggers are important for their own industry growth, which of these are already ingrained in their company culture and KPIs, and which they need to consider implementing in the near future. baur@mbb- consultinggroup. com 50 Issue 3 2019 w w w.exhibitionworld.co.uk