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Preparation is the Key to Risk Management

Smart Meetings

Risk management 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, “Risk Management 101,” she outlined strategies for dealing with the risks of the industry, as well as how to actively avoid them. Legal Risks.

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Budget Financial Meetings: Doing More with Less

SmartMeetings

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.

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Money Talks: Defining an Event Budget

TicketBud

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. Why Event Budgets are Important A budget serves as a financial blueprint for a successful event, aligning expenses with desired outcomes and ensuring financial viability.

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10x Your Next Conference: Why Now, More Than Ever, You Should Use Holistic Procurement Methodology

Smart Meetings

Effective procurement strategies not only ensure that companies get the best value for their money but also play a role in risk management, innovation and corporate social responsibility. An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal.

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10x Your Next Conference: Why Now, More Than Ever, You Should Use Holistic Procurement Methodology

SmartMeetings

Effective procurement strategies not only ensure that companies get the best value for their money but also play a role in risk management, innovation and corporate social responsibility. An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal.

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8 Tips for CxOs on Vendor Selection

Management Events

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. Strategically Negotiate Contract Terms During this critical part of the vendor selection process, be strategic.

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10 Essential Experiences for Interns

PCMA Convene

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.”. RISK MANAGEMENT Ogbeide wants his students to learn to mitigate risk as it applies to meetings and events. How do you identify a risk?”. “We