Association management company explained

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.[1] Many AMCs serve as an organization's headquarters, managing day-to-day operations and becoming the public face of the organization.[2]

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.[3] Orienting board members is common; AMCs lay out expectations for fiduciary oversight and point out conflicts of interest.[4]

Fernley & Fernley, Inc., based in Philadelphia and founded in 1886, was the first association management company in the United States.[5] More than 600 AMCs worldwide now collectively manage associations ranging in budget size from $50,000 to $16 million and representing more than 3 million members.[6] AMCs can be found in most major U.S. cities.[7]

The Alexandria, Va.-based AMC Institute accredits AMCs under the guidance of the American National Standards Institute.[8] Current employees of AMCs are eligible to apply to become a Certified Association Executive.[9]

Chicago-based SmithBucklin is the world's largest AMC,[10] although Geneva, Switzerland-based MCI Group, a professional conference organiser that offers AMC services, has more employees: 1,900 as of 2016.[11]

See also

External links

Notes and References

  1. Book: Thomas, Willis. The Basics of Achieving Professional Certification: Enhancing Your Credentials. CRC Press. 2013. 9781466554566. 78.
  2. Web site: What is the AMC model? - AMC Institute (AMCI). www.amcinstitute.org. 2016-05-22.
  3. Web site: What is the AMC model? - AMC Institute (AMCI). www.amcinstitute.org. 2016-05-22.
  4. Book: Dubey, Anikesh. Association Management: A Distinct Field of Management. Global India Publications. 2009. 9789380228587. India. 143.
  5. Web site: About Fernley and Fernley. www.fernley.com. 2017-12-26. https://web.archive.org/web/20171211153821/http://www.fernley.com/about/default.asp. 2017-12-11. dead.
  6. Book: Duckworth, Holly. Ctrl+Alt+Believe: Reboot Your Association For Success. Balboa Press. 2014. 978-1-50432-525-7. 78.
  7. Book: Cox, John B.. ASAE Handbook of Professional Practices in Association Management. Jossey-Bass. 2015. 978-1118775394. 38.
  8. Web site: Accreditation - AMC Institute (AMCI). www.amcinstitute.org. 2016-05-22.
  9. Book: Harris, Philip M.. The Guide to National Professional Certification Programs. HRD Press. 2001. 978-0874256321. 83.
  10. Web site: 5 Questions for SmithBucklin President Matt Sanderson – PCMA Convene. www.pcmaconvene.org. May 2016 . 2016-05-30.
  11. Web site: About Us MCI at a Glance. www.mci-group.com. 2016-05-30.