What Does Your DMO Know That Isn't Written Down?
After spending many years in destination marketing, I came to appreciate something that rarely appears on a balance sheet: institutional memory has value. Every DMO has it. It lives in old files and board minutes, certainly, but much of it lives inside people. The longtime employee who remembers why the organization stopped working with a particular vendor. The sales manager who knows which meeting planner needs a phone call instead of another email. The finance person who remembers why a certain line appears in the budget. The CEO who knows the history behind an agreement with the city that everyone else assumes has always existed. None of that may be written down. Until that person leaves. Then someone inevitably asks, “Does anybody know why we do this?” I've watched organizations spend enormous amounts of time recreating knowledge they once possessed. That's more than an inconvenience. It can cost money, damage relationships, repeat old mistakes, and leave new employees t...