A Small AMC Perspective from the Board
Pat Owings, CMP, DCMP Owner of Oak Ridge Association Management and AMCI Board Director
About a year and a half ago, I was invited to join the AMCI Board of Directors. This is an honor for anyone, but even more so for me, as I own a small AMC. Part of my role is to be the voice for the extra-small, small, and even medium-sized AMCs. I would be lying if it did not feel it daunting at times. But it does show the commitment this board has to hearing everyone’s input in making AMCI the best it can be. There is so much AMCI has to offer, especially to smaller AMCs. While large organizations are critical to AMCI, they face vastly different challenges from small AMCs. Even when I took the position, I was unaware of all the benefits for smaller AMCs. Just being part of AMCI and taking advantage of all the networking opportunities, including the Annual Meeting, the Engaged Conference, Regional Meetings, and online webinars, offers prime opportunities to learn industry best practices from AMCs of all sizes. Of course, one of the most popular breakout meetings is always the AMC by size, where AMCs can get together with their peers and discuss confidential information as well as challenges that they are facing in their organization, and allow for the beginning of a personal network of colleagues that you can lean on, regardless of the challenges that you face in your business.
As a small AMC, one of the challenges is where to put your resources, especially with limited finances. This is always a question of the value of your investment relative to its return. AMCI again leads the industry in value. First, the Accreditation, while challenging and time-consuming, does allow a small AMC to differentiate itself from other AMCs. Showing that you are a leader in the industry and are held to higher standards helps your business grow. There is no better way to lead than to adopt the best practices in the industry and leverage the knowledge that AMCI has acquired over the years.