|
Associations must manage ever-increasing competition for members, resources and exposure—against a landscape that is fraught with economic, legislative and administrative pitfalls. So how can you succeed at a time when achieving your association’s goals has never been more challenging and managing your association’s business has never been more important?
Symbiotix Management Strategies, a specialized association management company, helps associations transcend today’s challenging business environment. We deliver industry-focused association management solutions that are innovative and actionable, using a continuous- improvement approach that is revolutionizing the association management field. SMS delivers enhanced operational performance for professional organizations so that their members can enjoy the freedom to associate.
Association management companies (AMCs), like SMS, are for-profit businesses that provide professional management services to associations and societies.
AMCs maintain a centralized office, which serves as the headquarters for multiple associations. Any overhead costs are shared between the AMC's various clients, increasing each association's resources and capabilities without requiring major capital investment.
Under this shared-resource model specialists are drawn from the personnel pool and are assigned on an as-needed basis, delivering professional expertise for a fraction of what it would cost to hire full-time staff.
There are more than 670 association management companies across the U.S. and beyond. AMCs collectively manage annual budgets exceeding $3.4 billion and represent more than 7,600 clients. These AMCs book nearly 2 million room nights and $1 billion in meetings and conventions services annually.
Source: The AMC Institute, 2007 |