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Re: Study Predicts Impact of Downturn on Learned Societies

If this study is important and some extract from it merits being 
posted to the list, surely it deserves and moreover needs some 
form of citation?

Or did I miss this?


On 1 Jul 2009, at 05:33, Molnar, Amy - Hoboken wrote:

> 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.