The Upside of Change

April 22, 2021

Carrie Abernathy

Carrie Abernathy CMP, CEM, CSEP is an award-winning event strategist who has been active in the world of meetings for over 15 years. Carrie was co-founder of the Association for Women in Events, the Events Industry Sexual Harassment Task Force, and is a speaker, blogger and coach at A Woman with Drive. Carrie also co-hosts the talk show “Events: From Black to White,” which explores equality in the events industry.  

Last year put life into perspective for a lot of us. In a previous blog, I talked about being an agent of change. Now I want to discuss how fast change can bring positive results within your business events models. Whether you dealt with navigating through chaos, strengthening your resiliency muscles or just survived, we all did one thing together and that was change. As much as we changed personally, it goes without saying that the events and hospitality industries also changed significantly.

In what may be an unpopular opinion, I believe that this forced change has a silver lining. We all were thrown into chaos, but we also had to take a good hard look in the light of day at the business events model that hadn’t changed much over the last decade. Trade show floors still held 10 x 10 booths with tables between attendees and exhibitors. Hybrid was dabbled in, but not widely adopted by event planners and organizations alike. Leading up to early 2020, I watched several organizations project annual low attendee numbers and lack of engagement from newer generations. I worked with a number of companies that were continually trying to find new business models for the future.

With adult learning styles changing rapidly, advances in technology such as AR and AI breaking through and attendees embracing experiential edu-tainment more than ever, could we have continued the way we were going? Possibly, but I would say the pandemic has forced us to completely rethink the business of events and event execution in new and exciting ways. Some examples include:

Looking at Old Models and Systems

In this new normal, I believe we need to take a hard look at our technologies and capabilities to really give attendees a better experience. I’ve spoken to many event planners that feel more connected to their attendees than ever through thoughtful surveys that identify attendee profiles and needs. The Untethered conference, produced by Hubb, was recently held online and attendees were asked to take a test in advance of the event to identify their learning and connection/networking styles. They were then given a personalized path on how they could learn and engage throughout the virtual conference. These breakthroughs are just what we need in this new eventscape! No more guessing or using old models — now is the time to really get in touch with your attendees.

Forced Learning and Education

Whether you researched more than 30 virtual platforms (raising my hand!) or your team went virtual and you had to find new systems of connection and engagement, most likely you found new ways of learning more about yourself, your work systems and your capabilities in the last 12 months.

Attendees’ learning styles are also changing as they work from home and have an even lower attention span. As virtual expands and your audiences have more choices and flexibility, now is the time to adapt with them! One way to do this is to provide options. I often talk to colleagues with successful hybrid or virtual events that provide an array of live and on-demand choices. Events with more choices on how attendees engage, network, interact and entertain seem to be the most effective in reaching their goals.

Changes Post-Pandemic

I believe that most organizations won’t bounce back to their old models immediately. I think that hybrid, in-person, small groups, virtual, etc., will lead to events being smaller and held more frequently and regionally — at least at first!

I believe that the workforce has changed and attendees will have more choices in their working environments. They will be choosier on which events they go to in person and their time and energy will be more valuable to them on the virtual front as well. Those events that truly invite connection and experiences will reign supreme in this new environment, and planners should keep their minds focused on abundance choices and exciting new options.

No matter what 2021 is looking like for you, the event planner profession has changed just as much as the business of events. Planners will need to be more strategic and engagement-focused than ever. Content no longer will reign as king alone. Expect experiential design to take over as queen in the future.

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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.