The Incentive Research Foundation has released the white paper “Mitigating Risk in Modern Meetings and Incentives,” an analysis of critical findings reported in the 2016 Event Disruption Study. The white paper explores disruption mitigation strategies for meetings and incentives and provides insights on how partners prepare for and handle disruptions.
Meeting planners reported that disruptive incidents, happening with increasing frequency, include many weather-related phenomena, public enemy such as wars and terrorism, the business partner’s mistakes and the client’s lack of cooperation. Planners estimated they now spend up to 25 percent of their time planning for potential disruptions, and nearly 40 percent of the planners expect that their time and effort to plan for disruptions will increase somewhat in the next two years.
“The 2016 Event Disruption Study demonstrates that disruptions are a very real part of doing business in the meeting and incentives industry,” said Melissa Van Dyke, IRF president. “With the white paper ‘Mitigating Risk in Modern Meetings and Incentives,’ we’ve highlighted the research and actionable insights that meeting planners and their partners can use to plan for and respond to disruptions.”
The 2016 Event Disruption Study was completed in 2016 by University of South Carolina professors Dr. Haemoon Oh, Ph.D, and Dr. Miyoung Jeong, Ph.D. There were 18 interviews and 266 electronic responses. Event planners were surveyed on all events they had planned in 2015 and 2016.
Critical findings on risk mitigation measures discussed in Mitigating Risk in Modern Meetings and Incentives focus on effective planning, lessons learned during disruptions, and the importance of vendor trust and cooperation. Insights addressed in the white paper include:
To view the white paper “Mitigating Risk in Modern Meetings and Incentives,” click here. To view the 2016 Event Disruption Study, click here.