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SmithBucklin
Smithbucklin, based in Chicago, is an association management company, founded in 1949 with secondary offices in Washington, D.C.; Old Lyme, Connecticut; St. Louis, Missouri; and San Ramon, California. William E. Smith started the company with nine client organizations—headlined by the Popcorn, Seed Pea and Frozen Potato Products Institutes—and just 22 employees. On July 24, 2004, Smith died at age 90. During the Dot-com bubble of 1997–2001, some of Smithbucklin's client associations encountered "painful" financial cutbacks. On June 29, 2005, the company became employee-owned. In 2011, Smithbucklin contracted for at Chicago's former IBM Building, 330 N. Wabash Ave., under a 15-year lease that was set to begin in 2013. Acquisitions Acquisitions have fueled Smithbucklin's recent growth, including public relations firm Tech Image Ltd. (2007); medical education provider The France Foundation (2011); stakeholder-alliance firm Inventures Inc. (2013); ad-sales firm The Townsend ...
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Association Management Company
An association management company, or AMC, provides management and specialized administrative services to non-profit trade associations and professional associations using a for-profit approach. Many AMCs serve as an organization's headquarters, managing day-to-day operations and becoming the public face of the organization. Services may include executive, administrative and financial management; strategic planning; membership development; public affairs and lobbying; education and professional development; statistical research; meetings management; and marketing and communication services. Orienting board members is common; AMCs lay out expectations for fiduciary oversight and point out conflicts of interest. Fernley & Fernley, Inc., based in Philadelphia and founded in 1886, was the first association management company in the United States. More than 600 AMCs worldwide now collectively manage associations ranging in budget size from $50,000 to $16 million and representing more t ...
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Association Management Company
An association management company, or AMC, provides management and specialized administrative services to non-profit trade associations and professional associations using a for-profit approach. Many AMCs serve as an organization's headquarters, managing day-to-day operations and becoming the public face of the organization. Services may include executive, administrative and financial management; strategic planning; membership development; public affairs and lobbying; education and professional development; statistical research; meetings management; and marketing and communication services. Orienting board members is common; AMCs lay out expectations for fiduciary oversight and point out conflicts of interest. Fernley & Fernley, Inc., based in Philadelphia and founded in 1886, was the first association management company in the United States. More than 600 AMCs worldwide now collectively manage associations ranging in budget size from $50,000 to $16 million and representing more t ...
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Chicago
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ...
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Dot-com Bubble
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. Background Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in the 19 ...
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Meeting And Convention Planner
A meeting and convention planner supervises and coordinates the strategic, operational, and logistical activities necessary for the production of events. The planner can be employed or hired ad hoc by corporations, associations, governments, and other organizations. Standardization issues * Although the Occupational Information Network (O*NET), sponsored by the United States Department of Labor and Employment and Training Administration, identified this occupation as "meeting and convention planner," other titles are more commonly used. These titles include ''event planner'', ''meeting planner'', and ''meeting manager''. In addition, several other titles specific to the categories of events produced are used, such as ''corporate planner'' and ''party planner.'' * The ''banquet event order'' (BEO), a standard form used in the hospitality industry to document the requirements of an event as pertinent to the venue, has presented numerous problems to meeting and convention planners due ...
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Event Management
Event management is the application of project management to the creation and development of small and/or large-scale personal or corporate events such as festivals, conferences, ceremonies, weddings, formal parties, concerts, or conventions. It involves studying the brand, identifying its target audience, devising the event concept, and coordinating the technical aspects before actually launching the event. The events industry now includes events of all sizes from the Olympics down to business breakfast meetings. Many industries, celebrities, charitable organizations, and interest groups hold events in order to market their label, build business relationships, raise money, or celebrate achievement. The process of planning and coordinating the event is usually referred to as event planning and which can include budgeting, scheduling, site selection, acquiring necessary permits, coordinating transportation and parking, arranging for speakers or entertainers, arranging decor ...
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Business Services Companies Established In 1949
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated and e ...
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