Using Meeting Objectives to Select Event Technology

July 30, 2016

Selecting event technology can be a daunting task. If you’re an event planner, there is so much to choose from and so little time. Features, functions, and data outputs are certainly key factors in making a decision, but those come later in the purchase process. To get the right technology, planners should first start with identifying meeting objectives and take it from there.

Identify Macro Objectives

Every meeting has a goal. Corporate meetings could drive more sales, increase customer loyalty, or educate employees. Association meetings may want to educate members, earn revenue, increase membership, or help supplier members get more leads and sales. A for-profit trade show and conference might endeavor to educate attendees, make a profit, grow the show, and enhance the attendee experience. Planners should start the technology selection process by first answering the question, “why are we having this meeting?”

Develop A Roadmap

Identifying the purpose of the meeting is only the beginning. Once the macro objectives are clear, planners have to drill down and identify the specific steps they’ll have to take to meet those goals. For example, if the macro objective of a corporate meeting is to “drive more sales,” the event team might take the following steps to meet that objective through the meeting:

  1. Identify existing customers in attendance
  2. Qualify prospects from the non-customer attendee group
  3. Connect sales reps with customers and prospects
  4. Set up as many meetings as possible between sales staff and customers/prospects
  5. Deliver relevant information (content, collateral) as quickly as possible to customers/prospects
  6. Follow up

Example: Analyze Existing Solutions

 It can be difficult for planners to find the event technology they need if they don’t already know what they have. By creating technology stacks—visualizations of the tools, apps, and platforms they currently use—they can begin matching the roadmap (above) with the specific solutions they’re already using to see what they’re missing. An analysis for a corporate meeting looking to drive more sales could look like this:

  • To identify existing customers, the firm already uses a registration platform, check-in app, and Bluetooth beacons.
  • To qualify prospects, the company employs webcasting software, beacons, attendee-tracking platform, and lead retrieval technology.
  • To connect sales reps with customers and prospects, the company has nothing. HINT: This is the gap that may need to be filled with event technology.
  • To set up meetings between sales staff and customers/prospects, the company uses appointment-setting software.
  • To deliver relevant information quickly during the meeting, the enterprise calls upon email,beacons, push notifications via mobile app, and a webcasting solution.
  • To follow up after the meeting, the firm uses a CRM and a marketing automation platform.

Make Informed Technology Decisions

 In the example above, the corporate meeting planner looking to drive more sales with her meeting learned some very valuable information: her firm needs a solution that connects sales reps with customers and prospects (a networking app, perhaps?), and it already uses beacons to accomplish tasks in three different roadmap categories. She can consider using her existing beacon platform for networking or start a search for an entirely new networking solution.

By identifying macro objectives, creating a roadmap for accomplishing those objectives, and mapping existing solutions, planners can make better, more informed technology decisions.

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.