Posted By Noelle Campany,
Tuesday, May 15, 2018
Updated: Tuesday, May 15, 2018
| Comments (7)
The Final Word From The Outgoing Chair
I want to thank all of you for your strong support and efforts to keep improving IMC USA. We have accomplished a lot together and the Institute is well positioned for even more success in 2018. This will not be a four-page update like I normally do twice a year. It is a simple reflection of what I consider the most important take-aways from the State of the Institute at the 2018 Annual Meeting.
First, after greatly reducing our expenses in the last 3 years, IMC USA is operating in the black for 2018 through April. Bank account balance comparisons of April 2017 to April 2018 show an increase of 44%, an improvement that allowed the IMC USA board to approve a breakeven budget for 2018 that includes critical and strategic projects for our association.
Second, the Institute closed the legacy retirement plan at the end of 2017 and today has no further liability regarding that plan. Due to the very low original funding of the plan and the high current cost of maintaining such a plan, service and fees had been consuming approximately 18% of our annual dues revenue.
Third, the elimination of the retirement plan has freed those cash payments to be used for marketing and other important services. The 2018 Budget has the strongest Marketing Budget in many years. That is what has created the ability to fund the new website and provide updated branding for IMC USA.
Fourth, the Reason For Being (RFB) Website Sprint Team and RFB Branding Sprint Team are well into the execution of their work updating our brand and website to better serve existing members and attract new members. The updated site is expected to go live by July 31, 2018. The current website is being transitioned to Amazon Web Services to increase uptime and support. It will be down for a few hours on May 19th for the change-over. Because IMC USA has already fully paid for the website update service and approximately 50% of the cost of the updated branding, IMC USA bank balances should continue to increase.
Fifth, the return of an IMC USA Connector eLetter and the addition of the complimentary Management Consulting Connection newsletter mark a significant improvement in communications to our members. A new IMC USA Marketing Committee is responsible for revitalizing the Connector and many other marketing activities such social media and new member campaigns. If you would like to contribute to that effort, contact IMC USA’s VP of Marketing, Jennifer Beever, at email@example.com.
Please remember our 50th Anniversary Conference Celebration to be held in San Diego during early October. It looks to be an awesome event. Register for the Conference by May 31st to receive our special, low early-bird price of $595 for members, and $795 for non-members.
There have been many more accomplishments in the last few years (like the IMC USA Chat Room, expanded Academy offerings, the Mentoring Program, and other RFB Sprint projects) by many more member volunteers. Those mentioned in detail seemed to me to have made or will make the greatest difference for IMC USA in 2018 and beyond.
Thank you to all who have worked hard to improve our Institute during the current disruption in our industry and our recent very challenging economic times. Your words of encouragement have been helpful and quite often very timely.
IMC USA is the wonderful community of game-changing consultants that it is, due to the collective work of each of you in bringing to life the vision that is the Reason for Being. I encourage everyone to continue pursuing the vision.
Don Matheson CMC®
Immediate Past Chair
Certified Management Consultant
Institute of Management Consultants