Exhibition World Issue 5 — 2019 | Page 79

Strategy “Every show should have a strategy that reflects the realities not just of today’s market, but that of the future”. Review the outlook of the underlying market Identify the gap with today’s event Assess its impact on customer needs It should inspire and be the constant guide to daily decisions – which segments to develop, who to target and so on. Strategy requires a commitment from the business. Enablers include: • Well organised data and feedback systems (CRM, marketing automation, satisfaction metrics, steering committees, etc) • Full involvement from leadership down to operations and customer- facing teams • A close link between strategy and budgeting • Correctly aligned incentives • Clarity of results with plan, action w w w.exhibitionworld.co.uk and communication. We see a wide range of approaches to event strategy, and some of the things that it should not be. These include being a one-off, or something that is repeated as an annual chore without much original thought. A well-implemented strategic planning process leads to both revenue growth and increased customer satisfaction. It helps event organisers to inform decision-making and to focus on what to achieve in the long- term. It gets event organisers closer to their markets, so they can evolve more easily to customer demands and avoid disaster stories. Move to the future show shape and positioning Denzil Rankine is Executive Chairman of AMR International Denzil.rankine@ amrinternational.com Issue 5 2019 79