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Chapter from: "Improving Convention Center Management Using Business Analytics and Key Performance Indicators: Advanced Practices"
Published by: Business Expert Press
Originally published in: 2020

Abstract

This chapter is excerpted from 'Improving Convention Center Management Using Business Analytics and Key Performance Indicators: Advanced Practices'. I wrote this book because I believe convention centers can perform better. Many in senior management positions feel likewise and have a good sense of their center's potential for growth. As busy as they are, there's little time and resources available for thoughtful development of a fulsome management strategy to lift their center's performance. In our work environment it's common for management's attention to be diverted and overwhelmed by the small problems of the day. Meeting agendas where the latest event profit/loss statements are reviewed or sales leads discussed are often deferred. Why is this so? The principal cause is that operational and customer service data are not collected and organized in a form that is easy to follow, draw conclusions from and acted on. Action is most likely not data - based but rather based on intuition and gut feeling. How can management get past this, where can you turn? The answer is to adopt and embrace business analytics and key performance indicators (KPIs). Improving Convention Center Management Using Business Analytics and Key Performance Indicators (both volumes) will guide you through that process. It introduces and rolls out sound practical advice from an author who has experienced and succeeded in what was one of the toughest work environments in our industry. Other KPI advice and 'how to' books do not touch on the business and performance metrics unique to our industry. KPIs presently used are very general and only presented in publications such as annual reports. I believe this book is best suited for the practitioners who work at convention centers or with a company that services convention centers. These are the individuals who make things work; managers at all levels, from senior leadership to floor supervisors. This book is also a useful resource for those in graduate schools of business or hospitality and hotel administration. It ties theory to actual practice. Others may find it interesting and informative too; political staff, city managers, hotel operators, bond underwriters and investors, engaged citizen groups, and all those businesses that either supply, service, or depend on convention center events.

About

Abstract

This chapter is excerpted from 'Improving Convention Center Management Using Business Analytics and Key Performance Indicators: Advanced Practices'. I wrote this book because I believe convention centers can perform better. Many in senior management positions feel likewise and have a good sense of their center's potential for growth. As busy as they are, there's little time and resources available for thoughtful development of a fulsome management strategy to lift their center's performance. In our work environment it's common for management's attention to be diverted and overwhelmed by the small problems of the day. Meeting agendas where the latest event profit/loss statements are reviewed or sales leads discussed are often deferred. Why is this so? The principal cause is that operational and customer service data are not collected and organized in a form that is easy to follow, draw conclusions from and acted on. Action is most likely not data - based but rather based on intuition and gut feeling. How can management get past this, where can you turn? The answer is to adopt and embrace business analytics and key performance indicators (KPIs). Improving Convention Center Management Using Business Analytics and Key Performance Indicators (both volumes) will guide you through that process. It introduces and rolls out sound practical advice from an author who has experienced and succeeded in what was one of the toughest work environments in our industry. Other KPI advice and 'how to' books do not touch on the business and performance metrics unique to our industry. KPIs presently used are very general and only presented in publications such as annual reports. I believe this book is best suited for the practitioners who work at convention centers or with a company that services convention centers. These are the individuals who make things work; managers at all levels, from senior leadership to floor supervisors. This book is also a useful resource for those in graduate schools of business or hospitality and hotel administration. It ties theory to actual practice. Others may find it interesting and informative too; political staff, city managers, hotel operators, bond underwriters and investors, engaged citizen groups, and all those businesses that either supply, service, or depend on convention center events.

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