AMCI Releases Results of First-Ever Industry Impact Study
AMCI’s ongoing commitment to driving awareness and reinforcing the advantages of the AMC model has led to the Institute’s most comprehensive effort to date to quantify the scope and influence of our industry and our members. Under the Board’s direction and led by task force co-chairs John Dee and Denise Jackson, AMCI launched its first in-depth study of the impact of our sector.
With almost 50% of member firms responding, the Data Impact Study was conducted in the summer of 2016. The findings provide further validation to the results of the 2015 Financial Impact research as well as those from the complementary study shared earlier this year which presented AMC-managed associations outpacing the overall growth of the not-for-profit sector.
Key findings show growth across all quartiles and geographic regions, driven by increased client budgets, as well expansion both in full service management and functional consulting (e.g. strategic planning). They demonstrate the value AMCs deliver to their clients, which result in growth for their organizations. Results also highlighted the tremendous contribution our collective activities make to providers of industry services - from conducting meetings to investments in technology. A key takeaway is that the AMCI community represents a dynamic, robust sector which allows both the firms and the associations they serve to thrive.
“Independent research conducted in 2015 and 2016 clearly demonstrated not only the financial advantages of the AMC model, but that by a wide margin more not-for-profits are choosing AMCs as the preferred management solution.” said Greg Schultz, AMCI Immediate Past Chair. “Following up with this complementary internal study allows us to tell the story of the strength and potential of the model and the industry.”
The survey -- conducted through in-depth interviews over an eight-week period -- also examined the collective influence and buying power of member firms in key areas such as meetings, AMS, and accounting.
Tina Wehmeir AMCI’s CEO noted: “The data shows the level of influence and decision-making authority our members bring to the table. This enables the Institute to work with strategic partners to develop programs and offerings that will provide discounts, access, and innovations that translate into competitive advantages and cost reductions for our members.”
Aggregate findings can be found here. Additionally, topline results will be incorporated into content to reinforce messaging to targeted audiences promoting the value of working with member AMCs.