John Francis Speaks About Relevance
of AMC Model in Current Economy
What are the financial benefits of bringing your organization to an association management company? How does a typical client structure work? Is there a “typical” client structure?
In an Oct. 1 interview on RadioSpectives, a Twin Cities-based business radio show, The Harrington Company President John Francis tackled these questions and more. Over the course of the segment, Francis broke down the association management model and highlighted THC’s unique strengths as a management company—what Francis calls the “Jack of all trades” aspect afforded by THC’s 36 association management professionals. Francis also discussed the benefits of the AMC model as a whole in the current global economic environment.
Of ongoing appeal is an AMC’s potential to offer a flexible cost structure to maximize client resources—a timeless concern that’s particularly timely now.
“I think with years of experience in non-profit environments, AMCs have proven practices to work for associations,” Francis told RadioSpectives host Dan Culhane. “Of special importance in this economy, partnering with an AMC can enhance buying power, improve staff efficiencies and reduce overhead costs. AMCs leverage shared resources to provide cost-effective solutions for equipment, facilities, staffing, for the different budgetary considerations for our clients.”
And when the global economy means change is the only constant, “we are the consistency,” added Francis. “Our staff is there from year to year as the leaderships transition through the board of directors or executive committees,” citing that THC has worked with some clients for as many as 25 years—or four global recessions.
The complete interview is available here.