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Chamber Investment:
Factors for Enterprising Chambers
MACE Annual Conference – May 2017
Shannon Full
President/CEO
TwinWest Chamber of Commerce
Is This You?
A Disruptors Approach:
Why do we exist?
What is our purpose?
How is our work changing?
What do others believe about us?
Are we still relevant?
What is our business model?
What is the future for the chamber?
How are we engaging our stakeholders?
Is it really all about membership?
What do our members/stakeholders want?
Can we deliver?
Current Realities
• Different Landscape – Mindset – Questioning the “Why”
• Membership Organizations are Being Challenged
• Increased Competition for Investment – Financial and
People
• Funding Models Challenged MoreThan Ever
• Influences Out of our Control Impacting our Success
YET….SOME CHAMBERS ARETHRIVING WHY AND HOW?
www.acce.org
A Closer Look
• “MoreThan….” - Business Model
• Money, Money, Money – Funding Strategy
• The “Meat” of it All - Programming
PEOPLE PROGRAMMINGPURPOSE
More Than, What???
• MoreThan…A Membership Organization
• MoreThan…Just Networking and Ribbon Cuttings
• MoreThan…Just Events
• MoreThan…”Butts in Seats”
• More than…Warm Fuzzies
Jim Collins – Hedgehog Framework
Membership
• Membership – Has it lost its’ luster?
• Membership – Defines Us or Funding Strategy
• Membership – Who does it serve – the chamber or the
business?
• Organizational Mindshift – Greater Good, Initiative-
based, Broad base of beneficiaries and partners
Lancaster, PA
Networking
Networking Provider
 Short-Term
 Event-Driven
 Direct Business Benefit
 Business Only
 Limited Impact
Purposeful Networking – Feeding America Example
Network Builder
 Long-Term
 Relational
 Multiple Stakeholders
 Greater Impact
 Purposeful
Events
• Continual Improvement – Assessment
• Putting Stakeholders First – Chamber Second
• Be the Thought Leader Your Members Want
Symposiums and Summits – Information is King
• Virtual Events – Use of Technology to Enhance not Replace
Redefining Engagement
• Identify Valuable Volunteer Opportunities
• Be Ok with Non-Engagement – Define Engagement
• Connect it to Great Good – Purpose – More than the Chamber
• Better Utilize Technology to Allow More Stakeholders to Engage
• Specific Program Funding
• Different Budgets from Dues
• Pain Point Issues
• Solution-Based StrategyApproach
• Greater Good
• Connection to Community.
Membership
• Traditional vs.Tiered
• Customized Packages
• All Inclusive
Initiative Real Estate/Other
• Co-working, Incubators,Accelerators
• Commercial Properties
• Industrial Parks
Partnerships
• Contracts for Service
• School Districts
• Municipalities
• Economic Development Orgs
• Non-Profits
Sponsorship
• Total Resource Campaigns
• Targeted Ask Once aYear
• Engages Volunteers
• $25,000 to $2 million
Show Me the $$$
Bedford, Chapel Hill, Columbia,
Dallas, Fort Bend
Huntsville, Oklahoma City,
Tulsa, Fox Cities Huntsville, Henderson County,
Tallahassee, Fort Collins
Waco,West Alabama, Green Bay
Conway and Scranton
Southwest Indiana, Fox Cities,
Green Bay
Small Business
Excellence
Foundational Pillars
Solution-Based/Purpose-Driven Programming
Talent/Workforce
Economic &
Community
Development
Public Policy
Looking past
WIIFM –Tell the
Greater Story and
Make the Ask
Innovative
Programming –
Volunteer Driven,
Data-Based
Identify our
Differentiator,
Their Needs,
Together Finding
Solutions
Customization is
Critical, Not
Everything to
Everyone
Relationships Win
out Everyday, Use
Technology as a
Support
Small Business Excellence
Metropolitan Milwaukee,Chapel Hill, Raleigh,Ashville
ATTRACT, RETAIN, DEVELOP & ENGAGE
Talent - Workforce
Attraction
• Needs Assessment
• TalentTargets (Pain points)
• Connected Programming
• Community Specialist
TalentUpload
Women’s Leadership
• Increases Engagement
• Collaboration/Partnerships
Retention
• Identify Needs
• Internal vs. External Culture
• Resource for HR Professionals
• Social/Personal Network Builders
Concierge Plus
Leadership
Forum
Your Future
Educator Immersion
Student Leadership
K-12
• Public-Private Partnerships
• Career-Based Learning
• Willing Parties
• Business Liaisons
Mosaic -Tulsa
YPWeek
Toledo,OH
Omaha, NE
Diversity and Inclusion
• CEO Led
• Welcoming and
Inclusive
• Business and
Community
• Major Funding
Millennial Engagement
• No KidsTable – Lead and Engage
• Impact and Influence, Difference
• Push the Envelope
Economic/Community Development
Significant
Opportunity
for Chambers
in Midwest
Public-Private
Partnership –
Resource for the
MunicipalitiesIncreases
Business and
Community
Competitiveness
GO Topeka
Tulsa
Springfield, MO
Little Rock, AR
Northern Kentucky
• Business Retention
and Expansion
• Community
Enhancement
• Placemaking
• Talent/Workforce
Services
• Business
Attraction/Site
Selection
• Asset Identification
Public Policy
Local,
Regional,
State,
National –
Area of
Focus
Advocate,
Educate,
Endorse,
Cultivation
Information
Source -
Thought
Leader
Philosophy –
Partisan vs.
Policy
• Longing for the
Sane Middle
• Polarization
• Fragmentation
• Need vs.Want
Questions…
Shannon Full
President/CEO
TwinWest Chamber of Commerce
shannon@twinwest.com
763-450-2222

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Chamber Investment - Shannon Full, TwinWest Chamber

  • 1. Chamber Investment: Factors for Enterprising Chambers MACE Annual Conference – May 2017 Shannon Full President/CEO TwinWest Chamber of Commerce
  • 3. A Disruptors Approach: Why do we exist? What is our purpose? How is our work changing? What do others believe about us? Are we still relevant? What is our business model? What is the future for the chamber? How are we engaging our stakeholders? Is it really all about membership? What do our members/stakeholders want? Can we deliver?
  • 4. Current Realities • Different Landscape – Mindset – Questioning the “Why” • Membership Organizations are Being Challenged • Increased Competition for Investment – Financial and People • Funding Models Challenged MoreThan Ever • Influences Out of our Control Impacting our Success YET….SOME CHAMBERS ARETHRIVING WHY AND HOW? www.acce.org
  • 5. A Closer Look • “MoreThan….” - Business Model • Money, Money, Money – Funding Strategy • The “Meat” of it All - Programming PEOPLE PROGRAMMINGPURPOSE
  • 6. More Than, What??? • MoreThan…A Membership Organization • MoreThan…Just Networking and Ribbon Cuttings • MoreThan…Just Events • MoreThan…”Butts in Seats” • More than…Warm Fuzzies Jim Collins – Hedgehog Framework
  • 7. Membership • Membership – Has it lost its’ luster? • Membership – Defines Us or Funding Strategy • Membership – Who does it serve – the chamber or the business? • Organizational Mindshift – Greater Good, Initiative- based, Broad base of beneficiaries and partners Lancaster, PA
  • 8. Networking Networking Provider  Short-Term  Event-Driven  Direct Business Benefit  Business Only  Limited Impact Purposeful Networking – Feeding America Example Network Builder  Long-Term  Relational  Multiple Stakeholders  Greater Impact  Purposeful
  • 9. Events • Continual Improvement – Assessment • Putting Stakeholders First – Chamber Second • Be the Thought Leader Your Members Want Symposiums and Summits – Information is King • Virtual Events – Use of Technology to Enhance not Replace Redefining Engagement • Identify Valuable Volunteer Opportunities • Be Ok with Non-Engagement – Define Engagement • Connect it to Great Good – Purpose – More than the Chamber • Better Utilize Technology to Allow More Stakeholders to Engage
  • 10. • Specific Program Funding • Different Budgets from Dues • Pain Point Issues • Solution-Based StrategyApproach • Greater Good • Connection to Community. Membership • Traditional vs.Tiered • Customized Packages • All Inclusive Initiative Real Estate/Other • Co-working, Incubators,Accelerators • Commercial Properties • Industrial Parks Partnerships • Contracts for Service • School Districts • Municipalities • Economic Development Orgs • Non-Profits Sponsorship • Total Resource Campaigns • Targeted Ask Once aYear • Engages Volunteers • $25,000 to $2 million Show Me the $$$ Bedford, Chapel Hill, Columbia, Dallas, Fort Bend Huntsville, Oklahoma City, Tulsa, Fox Cities Huntsville, Henderson County, Tallahassee, Fort Collins Waco,West Alabama, Green Bay Conway and Scranton Southwest Indiana, Fox Cities, Green Bay
  • 11. Small Business Excellence Foundational Pillars Solution-Based/Purpose-Driven Programming Talent/Workforce Economic & Community Development Public Policy
  • 12. Looking past WIIFM –Tell the Greater Story and Make the Ask Innovative Programming – Volunteer Driven, Data-Based Identify our Differentiator, Their Needs, Together Finding Solutions Customization is Critical, Not Everything to Everyone Relationships Win out Everyday, Use Technology as a Support Small Business Excellence Metropolitan Milwaukee,Chapel Hill, Raleigh,Ashville
  • 13. ATTRACT, RETAIN, DEVELOP & ENGAGE Talent - Workforce Attraction • Needs Assessment • TalentTargets (Pain points) • Connected Programming • Community Specialist TalentUpload Women’s Leadership • Increases Engagement • Collaboration/Partnerships Retention • Identify Needs • Internal vs. External Culture • Resource for HR Professionals • Social/Personal Network Builders Concierge Plus Leadership Forum Your Future Educator Immersion Student Leadership K-12 • Public-Private Partnerships • Career-Based Learning • Willing Parties • Business Liaisons Mosaic -Tulsa YPWeek Toledo,OH Omaha, NE Diversity and Inclusion • CEO Led • Welcoming and Inclusive • Business and Community • Major Funding Millennial Engagement • No KidsTable – Lead and Engage • Impact and Influence, Difference • Push the Envelope
  • 14. Economic/Community Development Significant Opportunity for Chambers in Midwest Public-Private Partnership – Resource for the MunicipalitiesIncreases Business and Community Competitiveness GO Topeka Tulsa Springfield, MO Little Rock, AR Northern Kentucky • Business Retention and Expansion • Community Enhancement • Placemaking • Talent/Workforce Services • Business Attraction/Site Selection • Asset Identification
  • 15. Public Policy Local, Regional, State, National – Area of Focus Advocate, Educate, Endorse, Cultivation Information Source - Thought Leader Philosophy – Partisan vs. Policy • Longing for the Sane Middle • Polarization • Fragmentation • Need vs.Want
  • 16. Questions… Shannon Full President/CEO TwinWest Chamber of Commerce shannon@twinwest.com 763-450-2222

Editor's Notes

  1. Current Climate What our investors want? Current State of our Chambers Future Opportunities
  2. How many of you have ever said “oh but we are more than….fill in the blank” Well this will start our conversation on our Business Model – Does it work? Has it transformed with the ever-changing landscape? Is it time to challenge the status quo? Get ready, I am going to shake things up…full disclosure – disruption is about to happen
  3. Membership organizations are declining – rotary, chambers, etc. Those that are thriving either have super strong niche/differentiators or have reinvented themselves.
  4. Membership organizations are declining – rotary, chambers, etc. Those that are thriving either have super strong niche/differentiators or have reinvented themselves.
  5. Who are our events serving? Who will benefit? Are we assessing them – Continual Improvement?
  6. Talent - #1 issue of employers, no one is excelling in solution-based strategies, could easily be a great niche for chambers in the future Numbers problem – not enough workers – aggressive in attraction