Monday, September 29, 2008
"application101" - why?
Before I start getting into the meat and bones of the M.I.C.E. subject, I have this need to explain my choice of the url, "application101". In my own metasphere, "application101" represents the main reason for this blog - to discuss, illustrate, explain, review......how M.I.C.E. theory is reflected in actual industry practices and real-world events - the "101" portion refering to this being just the starter kit. And I am hoping to have comments/contributions from people representing a variety of segments of the industry - this will help build up the body of knowledge for M.I.C.E. in our local context. At some stage, we can perhaps then move on to "applications201"........or maybe not!
Wednesday, September 24, 2008
Can Singapore's MICE industry weather the storm?
Recent media reports (Sep 08) indicate that the M.I.C.E. (meetings, incentives, conventions & exhibitions) industry in Singapore has been holding its own despite the current downturn in economies and markets around the world. The Singapore government has been paying close attention to this industryover the past few years, facilitating and encouraging the set up of new convention facilities (the integrated resorts); hotels etc. We can expect to see most of these new facilities start to come on-stream from late 2009 onwards.
It not quite enough just to have such facilities, event organisers are attracted to a destination/city for a variety of reasons (the availability of facilities being one of the factors). Costs, accessibility, political stability, vibrancy, service-oriented culture, support services......the list just goes on.
My two personal concerns with the industry in Singapore are costs and flexibility. M.I.C.E. event organisers are a cost-conscious lot (at least the ones I know......I remain a cost-conscious event organiser). Even the organisers with big budgets, keep a tight rein on costs. We have continued to move prices up and up - and its really difficult to move prices down, especially if you are providing a service. However, there are way to deal with rising costs. I will reserve my comments on this subject for now so as not to give away industry secrets......
My other concern is flexibility. M.I.C.E. service providers will have to become increasingly flexible when dealing with event organisers. This can be quite a challenge when one has become so used to conducting business in a certain way. I speak from experience. In my past 15 years or so of involvement in the M.I.C.E. industry, I have found it very trying to have to exercise flexibility in the way I have had to provide event management services. The main reason is that it costs money to be flexible and its especially difficult when you cannot transfer the additional cost to a third party.
So, members of our M.I.C.E. industry will have to be very careful in how they deal with issues like rising costs and the exercising of flexibility - especially with more foreign-based organisers holding events in Singapore. It will be interesting to watch how Singapore, as a destination, remains competitive in the global M.I.C.E. sector.
Ben Cassim
Temasek Poly
It not quite enough just to have such facilities, event organisers are attracted to a destination/city for a variety of reasons (the availability of facilities being one of the factors). Costs, accessibility, political stability, vibrancy, service-oriented culture, support services......the list just goes on.
My two personal concerns with the industry in Singapore are costs and flexibility. M.I.C.E. event organisers are a cost-conscious lot (at least the ones I know......I remain a cost-conscious event organiser). Even the organisers with big budgets, keep a tight rein on costs. We have continued to move prices up and up - and its really difficult to move prices down, especially if you are providing a service. However, there are way to deal with rising costs. I will reserve my comments on this subject for now so as not to give away industry secrets......
My other concern is flexibility. M.I.C.E. service providers will have to become increasingly flexible when dealing with event organisers. This can be quite a challenge when one has become so used to conducting business in a certain way. I speak from experience. In my past 15 years or so of involvement in the M.I.C.E. industry, I have found it very trying to have to exercise flexibility in the way I have had to provide event management services. The main reason is that it costs money to be flexible and its especially difficult when you cannot transfer the additional cost to a third party.
So, members of our M.I.C.E. industry will have to be very careful in how they deal with issues like rising costs and the exercising of flexibility - especially with more foreign-based organisers holding events in Singapore. It will be interesting to watch how Singapore, as a destination, remains competitive in the global M.I.C.E. sector.
Ben Cassim
Temasek Poly
Bringing reality to theory
This is a new adventure that I am embarking on. My hope is that this blog will become a conduit for the exchange of insights, industry best practices, situational experiences and learning on all things that pertain to the M.I.C.E. industry. This is, perhaps, a tall order to meet but I realise that there must always be a starting point. Therein lies the adventure for me. This is a starting point as far as I am concerned. I do not know where this journey will take me and all those who actively contribute to this blog, but I hope that this journey will never reach an ending point.
As one of my main concerns is that this blog will provide snippets of relevant and useful information to students learning about the M.I.C.E. industry, I do ask that you list your name and the organisation you represent each time you add comments to this blog.
I look forward to active participation from both students and members of the industry. While we each play small parts everytime a contribution is made, the sum of the parts carries great value.
Ben Cassim
Temasek Poly
As one of my main concerns is that this blog will provide snippets of relevant and useful information to students learning about the M.I.C.E. industry, I do ask that you list your name and the organisation you represent each time you add comments to this blog.
I look forward to active participation from both students and members of the industry. While we each play small parts everytime a contribution is made, the sum of the parts carries great value.
Ben Cassim
Temasek Poly
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