Newtown, PA (PRWEB) June 29, 2009
Peak Performance Meetings (PPSmeetings), an incentive travel, tour and meeting management firm, has not too long ago released a case study regarding occasion preparing solutions in an unstable economy. The concentrate of the study examines a particular situation which speaks to corporate travel incentive as a entire – for the duration of a time when financial instability and pressure by shareholders have place a quit to considerably non-essential travel.
Background: Wall Street blunders of enormous proportion have stunned the nation, the mortgage lending organization is badly crippled, and unemployment numbers are the highest in over 25 years. In the middle of it all, a business has a beach resort sales incentive trip planned for 150 individuals to the Caribbean happening in less than 35 days. Six months prior, this incentive trip was showing positive effects in motivating its sales folks. Nonetheless, now feeling the impact of the economic pressures, shareholders are concerned about image and organizational restructuring looms. Bad timing for an incentive trip for positive, but all the payments have been made and plan cancellation will result in thousands of lost dollars in attrition, let alone yielding a terrible blow to these sales workers who have worked extremely difficult for an entire year for this trip.