How Trade Shows Help You, Your Department, Your Company and Your Industry

July 21, 2014

You probably have heard the question many times: “Why exhibit at trade shows?”   And you’ve likely answered the question from the standpoint of how trade shows help your company in the marketplace.  Yet there’s a lot more to it than that.

Here are 4 sets of benefits trade shows offer, at all levels of your professional life:

How Trade Show Helps You:  Whether you are working your trade show booth, attending keynote sessions, or just meeting people in the aisles, trade shows provide a fertile ground for advancing your career.  You learn more about your clients, prospects, competitors, and industry, gaining insights that never would have come to you while sitting at your desk.  You enhance your professional networks. You may even meet the person who will give you your next job.

How Trade Show Helps Your Department: If you’re in sales, you get a pile of leads, talk to clients, strengthen relationships, and get more face time with the same people you’ve been trying to reach for months, even years. If you’re in marketing, your brand is enhanced, better known, and your products get seen by a broad audience.  If you’re in engineering, by working in your tradeshow displays, you get first-hand feedback on your new products.  And if you are in company management, you get to see how your company compares to its peers in the marketplace – and even improve its standing.

How Trade Shows Help Your Company: Trade shows help your company become a player in its market.  It is an efficient way to reach various audiences, including clients, prospects, potential employees, and business partners.  In helping achieve your company’s sales and marketing goals, trade shows provide an essential service to your company’s overall core needs.

How Trade Show Help Your Industry:  Your overall industry gains advantages when it gathers together at its industry trade shows.  They gain consensus on the direction of your industry, while they take the pulse of its top issues, trends, and concerns.  Trade shows foster and accelerate innovation. They offer an exciting and efficient marketplace of products, services, and ideas.  Trade shows strengthen the professional and personal bonds between industry members.  They help provide a forum to voice new issues and growing challenges. Trade shows help bring new professionals into the fold, and educate them on how to succeed in their jobs. Trade shows provide an avenue to celebrate success.  And large trade shows can create such a large footprint for your industry that it breaks through the collective clutter to provide your industry with national, even international attention.

Trade shows provide multiple dimensions of value, for you, your colleagues down the hall, and your peers across the country.  So the next time someone asks you, “Why exhibit at trade shows?,” share with them the big picture of how trade shows help provide value on so many levels.

 

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Partner Voices
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.