Inside Microsoft's 'Good To Great' Budget Strategy - Event Marketer

Inside Microsoft’s ‘Good To Great’ Budget Strategy – Event Marketer
Microsoft 2014

Inside Microsoft’s ‘Good To Great’ Budget Strategy

After a complete overhaul in 2013, Microsoft’s Worldwide Partner Conference is on a roll. Survey scores are up, partner satisfaction is soaring and internal teams are stealing ideas from the show. But rather than go into the 2014 show with an “if it ain’t broke, don’t fix it” approach, the team instead decided to test out a whole new way to budget.

Kati Quigley, senior director of worldwide partner community events at Microsoft, walks us through how it worked, how it saved the event organization money and why budgeting conservatively for the “really good” event enabled her team to ultimately create a really great event.

The first thing the team did was scrap the previous year’s budget. Quigley started from scratch and built the budget from the ground up. She started with a “super conservative” revenue number that would deliver a good event experience for attendees, and then built the budget with a monthly “trigger list” of three to five things she could activate if and when she hit her revenue goals.

“It was less about where we saved money and more about, let’s first put the money where we think we really need it, and then we’ll add and enhance the experience,” says Quigley.

By January (the event is in July), the team knew attendees would have a good experience. “It won’t be over the top but it will be a good experience,” she says.

But as revenue increased, the team began adding to the event so it would be a great one. For instance, new afternoon surprise and delight elements like coffee and donuts were added to the show.

The value of the new approach, Quigley says, was immediately felt. Now, her team can be clear about where the event budget is at all times, and exactly what to trigger when the numbers show it’s time to make it even better.

“It’s a great new best practice,” Quigley says. And as a bonus: “We ended up under budget because revenue went up so much more than we thought.”

This story appeared in the April 2015 issue
Jessica Heasley
Posted by Jessica Heasley

Jessica worked for more than 15 years in marketing and events before joining Event Marketer in 2007. She earned her master’s degree from t he Columbia University Graduate School of Journalism and her bachelor’s from the University of Washington (go Huskies!). Her last gig before coming to Red 7 was at Psychology Today magazine. Her proudest professional accomplishments include fixing a branded 1972 VW bus accelerator pump on the side of a highway in South Carolina with a paper clip and some string the night before a 30-city college tour; convincing Dr. Laura that she wasn’t writing a piece about lusty event marketers having lurid affairs on the road (which she kind of was); and, while at an independent film dot-com called AtomFilms, using about fifty bucks worth of chocolate chip cookies and a couple gallons of milk to lure film festival attendees away from Steven Spielberg’s (now defunct) big budget “Pop! Multimedia” booth to her company’s tiny living room event space. Although she is a native of Seattle, she never once owned an umbrella or rain boots until she moved to Brooklyn, where she currently resides with her husband and daughter. She was born in Everett, WA, home of the pulp mill.
View all articles by Jessica Heasley →

Receive the latest news and special announcements from Event Marketer

© 2021 Access Intelligence, LLC – All Rights Reserved. |