Traditionally, associations have hired their own executive directors and staff, secured their own facilities, and managed their own assets. The trend today, however, is for trade and professional associations to engage an association management company (AMC).
This trend reflects the growing need to cut costs, promote efficiency, share resources, and access expertise. A 1995 study took a close look at how elected leaders select and evaluate management. When researchers assessed AMCs versus other management forms, they found that AMCs, in most instances, provided the greatest value to their client associations.
In fact, AMCs were rated as equal to or superior to other management forms on more than 89 percent of the survey criteria. Although selecting a management company may seem overwhelming, it does not need to be an onerous task. CLICK HERE for information to assist you in soliciting potential AMCs, evaluating management proposals, conducting interviews with firms, selecting the firm that’s best for your organization, developing the contractual arrangement, and transitioning the activities of your association to its new management.
