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Leadership & Strategy Development |
Why an AMCHow Do Association Management Companies Work?
In short, AMCs are for-profit businesses that provide professional management and administrative services to associations. An association management company provides a centralized office that serves as the client association's headquarters. The overhead costs for the professional offices are shared by other association clients at the AMC, increasing their resources and capabilities without major capital investment. Based on the concept of shared resources, specialists are assigned on an as-needed basis. Each association pays only for the hours the staff specialists work on the tasks and benefits from the professional expertise for a fraction of what it would cost to hire full-time staff. Experienced professionals execute assigned tasks cost effectively for clients and allow client services to be customized to meet specific goals. More resources: See Guide to Association Management Companies, a special supplement to Associations Now, published by the ASAE and Center for Association Leadership. |
[For details and advice on developing an RFP for management company services, we recommend the AMC Institute,