[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Study Predicts Impact of Downturn on Learned Societies
- To: "Liblicensefirstname.lastname@example.org" <Liblicenseemail@example.com>
- Subject: Study Predicts Impact of Downturn on Learned Societies
- From: "Molnar, Amy - Hoboken" <firstname.lastname@example.org>
- Date: Wed, 1 Jul 2009 01:33:04 EDT
- Reply-to: email@example.com
- Sender: firstname.lastname@example.org
New study predicts impact of economic downturn on professional and scholarly societies Oxford, UK, June 30, 2009 -- Sixty percent of professional and scholarly societies believe that the global economic downturn might be a stimulus to introducing efficiencies within their organizations, while 57% think it might provide opportunities for launching new activities or services for their members, according to a new study presented at the Wiley-Blackwell Executive Seminar held at the Royal Society, London, on June 19th 2009. The study, carried out by Wiley-Blackwell, the leading publisher for professional and scholarly societies, examined the potential impact of the economic downturn on its society publishing partners. Sixty-eight percent characterized the global economic downturn as moderately negative, while 17% stated that it will have minimal negative impact or may even be beneficial. Asked to rank the expected impact of the economic downturn on each category of their organization's revenues or assets, more than 75% of society officers believed that there would be a very or slightly negative impact on their membership dues and conference income, with the most concern expressed about endowments and investments. Thirty-two percent did not anticipate any change in income from publishing, forty-seven percent believed it could be slightly affected, while 17% percent felt this area may be very affected. In terms of strategies to ride out the economic crunch, 41% said that they would consider downsizing while a further 41% said they would consider expanding. More than half (54%) felt that the way to navigate the recession was outsourcing some of their core activities, such as publishing. Two-thirds thought that their publishing needs would not change during the recession, while one-third thought they would. Typical of the feedback was the comment to "Help us to weather the storm - you all have a lot more collective experience than we do individually" and the request for "more guidance and monitoring of the economic climate and proactive recommendations". "It's clear from the survey that many societies are looking to publishers for expert guidance in managing their costs and protecting and growing their revenues during these anxious times," said Dr Andrew Robinson, Vice President and Managing Director, Medicine at Wiley-Blackwell. "We take a proactive approach and are working with our society partners on a range of strategies and actions which will ensure that they and their journals prosper". The study was presented at the Wiley-Blackwell Executive Seminar held at the Royal Society in London on June 19th 2009. This was the second Wiley-Blackwell seminar for society executives based on the theme, "Journal Publishing in an Uncertain Market," each of which attracted more than 100 delegates to hear a range of speakers and to participate in panel discussions. The previous seminar, held on May 28th 2009 at the Press Club in Washington, D.C., included a keynote by Wiley author, Clint Swindall, who spoke on leadership and, in particular, how organizations can maintain employee engagement during times of change. Note to editors The survey, carried out by Wiley-Blackwell in Spring 2009, was completed by 47 officers from scholarly and professional societies ranging in size from less than 500 members to more than 25,000, and from a variety of subject disciplines. The majority of respondents were based in Europe and the United States. The Wiley-Blackwell Executive Seminars are run annually in the US, UK, Scandinavia and Asia and are a forum for society executives and journal editors. About Wiley-Blackwell Wiley-Blackwell is the international scientific, technical, medical and scholarly publishing business of John Wiley & Sons, with strengths in every major academic and professional field and partnerships with many of the world's leading societies. Wiley-Blackwell publishes over 1,400 peer-reviewed journals as well as 1,500+ new books annually in print and online, as well as databases, major reference works and laboratory protocols. For more information, please visit www.wiley.com/wiley-blackwell or www.interscience.wiley.com<http://www.interscience.wiley.com> About Wiley Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 350 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Physics, Chemistry, and Peace. Our core businesses include scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade publishes books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company's Web site can be accessed at http://www.wiley.com and its online visitor's forum can be accessed at www.wiley.com/go/livinghistory. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.
- Next by Date: Re: "Overlay Journals" Over Again...
- Next by thread: Re: Study Predicts Impact of Downturn on Learned Societies