Breakthrough Associations

breakthrough-associations

The flow of economic forecasts and performance, global crisis, disruptive innovation, and the real time updates on the U.S. elections are mind numbing. The constant stream of information reminds association executives just how complex the world has become for your members. How can your organization utilize its strategic planning process to help your members in new and different ways that increase your association’s relevance? The 5 step Breakthrough Associations process starts by expanding your association’s traditional boundaries and uniting the industry’s “value chain” within the ranks of your association.

I. Go Beyond Traditional Boundaries

What if your association was the uniting force, the link that brought the key players to work together?  With technology capabilities you can link buyers, sellers, and suppliers throughout the world, so why not capture the entire industry? Breakthrough associations provides a seat at the table for the entire “value chain” of an industry.

Think of your association in a different way, having one stop shopping capability where your members network, build alliances, and develop creative solutions and identify growth opportunities for the industry. The association becomes the leader, convener, and facilitator, and it helps member executives make effective use of limited time. Its boundaries go beyond traditional membership definitions, and links the industry “value chain” to become the global strategic partner.

II. Take the Temperature of the Entire Value Chain 

The 2014 the Strategic Member Engagement Survey noted that organizations with upward trending 3 year operating results were far more likely to better understand memberup at night issues and to engage members in acting upon those needs. Expanding the scope of the research to include the entire “value chain” could provide even more compelling data.

Breakthrough associations who conduct qualitative and quantitative research on the entire “value chain” deliver powerful data because it:

  • Surfaces external challenges and business growth opportunities among a group of companies who are interconnected and need each other to successfully bring products to the marketplace.
  • Segments stakeholders to highlight important differences, as well as similarities, and opportunities for all stakeholders throughout the “value chain.”

III. Utilize Industry Strategic Planning Instead of Association Strategic Planning

When it comes to breakthrough associations, Board leaders view the association’s strategic planning retreat as an essential activity. They see the Association’s Strategic Planning as an extension of their own company’s long term planning efforts. Throughout the meeting, the focus of the discussion is the future of the industry and not the future of the association. Most of the board’s deliberation and brainstorming centers around the actionable data. Similar to internal company meetings, association board members prioritize the most impactful strategies. These strategic priorities are vetted by Association CEOs and their staff team. Final determinations on which activities to move forward are made based on the industry impact. Cost and revenue considerations also play important roles in the assessment process.

Throughout the process Board Members assess the viability of potential new strategies and insure these approaches align with the desired industry growth outcomes. The updated Vision and Mission statements forgo the utilization of the traditional vision, and mission statements highlighting the association and instead define how the new plan will position and strengthen the industry and the value chain.

IV. Build a “Value Chain” Focused Roadmap

Board members collaborate with association staff to make sure that the key performance indicators indeed reflect the industry growth outcomes that align with the “value chain” Impact Survey. The Roadmap identifies the timing and phasing of new “value chain” initiatives. The roadmap process also determines what activities remain and which activities are discontinued. Breakthrough associations only invest resources in strategic activities that help the industry achieve its business outcomes.

Since the “value chain” experiences frequent and sudden changes in market conditions, the association is prepared to shift priorities with a more flexible approach to strategic planning.

V. Implement a “What We Do Together” Culture 

Board Leadership and the CEO share the new plan, mission, and vision with the “value chain” to emphasize how value will be delivered through the association to help suppliers, manufacturers, end users, and their customers achieve their business outcomes through the Association.

Breakthrough Associations

Breakthrough Associations can be at the cutting edge of transformation. By expanding your strategic planning process from a singular focus to a “value chain” focus, your association will build solutions that help address industry challenges while you support industry growth.

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Free eBook “Accelerating Strategic Member Engagement” is available upon request for all Association Executives at Potomac Core – Association Consulting

 

post brexit associations

Post Brexit Associations

The Brexit vote in the United Kingdom along with modest and subdued global economic growth will continue to affect corporate decisions on external costs not related to top line growth and operating performance. Associations in a number of instances are increasingly more relevant, and have strategic objectives closely aligned with the industries they serve. These organizations also have the characteristics that define Post Brexit Associations.  However, in a rapidly evolving global market, how aligned is your association in order to help your members and their industries meet new challenges?

recession ready association

The Recession Ready Association

It’s been seven years since the end of the great recession and one economist thinks there is a 60% chance of a recession next year. As global uncertainty and slow U.S. economic growth dominate the landscape, CEO’s should assess whether or not they are leading a recession ready association. While the next recession may not be as severe as the last one, be rest assured that business leaders are continually increasing scrutiny over expenditures not related to corporate performance.

Regulatory Activity Reshaping Associations

Regulatory Activity Reshaping Associations

Where are CEO’s planning to spend their time in 2016? According to a KPMG study of 400 Chief Executives, “34% spend more time with regulators or are considering doing so.” The same report notes the regulatory environment as the number one issue that can “impact a company”, and adapting to government regulation is ranked as CEO’s second most critical challenge. For companies, the spike in regulatory activity is real. In 2015, Thomson Reuters published its sixth annual Cost of Compliance Survey noting among other challenges “regulatory fatigue.” Is the increase in regulatory activity reshaping associations?

Positive Association Disruption

Positive Association Disruption

Can positive association disruption reverse the fortunes for industry professionals and an organization? In a weak economic growth environment, it’s a daunting task. According to the 2016 PWC U.S. CEO Survey concerns “over volatility and over-regulation are rising.” What’s more, Reuters reported that retail sales slipped in a recent report and fourth quarter U.S. economic growth was only 1%.  How can an Association overtake an economic cycle and put its members and itself in the driver’s seat? The answer is its possible and for one Association it yielded a $1 million turnaround in operating performance.

Disruptive Advocacy Strategies

Disruptive Advocacy Strategies

Can Disruptive Advocacy Strategies unlock industry growth and cost saving opportunities for your members in a slow growth economy?  While the possibility of a recession seems unlikely this year, growth remains a challenge for many industries. According to the Conference Board, U.S. growth in 2016 is forecast at 2.0% while Global growth is forecast slightly higher at 2.5%. As increasing regulatory oversight dominates the federal and global landscape, building an agency focused strategy on behalf of your members can pay dividends for the industry and for your association.

disruptive innovation

Disruptive Innovation Creates Association Opportunities

Disruptive Innovation “describes a process whereby a smaller company with fewer resources is able to successfully challenge established incumbent businesses.” In a slowing and uneven global economy, are your members looking somewhere else for lower cost and innovative solutions? Are your members less confident about their growth opportunities than they were a year or two ago? Does your membership perceive your association as being aligned with their business and professional goals? Having actionable data that answers these questions is more important than ever for associations in a world of disruptive innovation.

Driverless Associations

Driverless Associations

Ring in the age of Driverless Associations. It’s 2016 with Medical, and Pharmaceutical breakthroughs, Driverless cars,  and industries that are busy producing a new wave of technological breakthroughs. Slow U.S. GDP Growth  and modest improvement in Global Growth appear to be the bellwethers of even more technology advancements. These innovations help capture consumer imaginations, elevate company operating performance, and grow market share. Innovative Organizations who reach outside the box to help their member’s develop growth solutions can transform themselves into Driverless Associations.

funding industry innovation

Funding Industry Innovation

Anemic economic performance is unfortunately becoming a mainstay in the U.S. economy. The release of the 3rd quarter GDP numbers where only 1.5% growth was reported is another reminder of how much the ground is shifting for associations. Companies will likely view membership through an even narrower prism of operating margins if economic conditions weaken further.  Associations who are Funding Industry Innovation can position themselves as essential partners in helping members achieve business outcomes.

Innovative Workforce Solutions

Innovative Workforce Solutions

Associations are increasingly well positioned to help members and industries build innovative workforce solutions through their professional development and certification products. As waves of innovation, millennials, and baby boomer retirements alter future workforce design, forward thinking organizations can transform themselves and become professional development partners for their members.