This Just In
  • Tom Cindric joins Winsight as President, Exhibitions to oversee National Restaurant Show. Mary Pat Heftman now Vice Chairman of Winsight.
  • Emerald Expositions Events Inc. tapped former UBM exec, Sally Shankland, to serve as its President and CEO. Phil Evans continues as CFO.
  • The division of Informa PLC created by the combination of UBM and Informa has been renamed and rebranded as Informa Markets.
  • Trade Show Executive won three prestigious ASBPE “Azbee” Awards in Chicago. TSE is also a national finalist for Magazine of the Year Award.
  • Informa PLC launched Informa Ventures offering capital, access to markets, mentorship, and expertise to knowledge and information start-ups.
  • Freeman Vice Chair Carrie Freeman Parsons promoted to Chair replacing Don Freeman, who will become Chairman Emeritus in July.
  • Marketplace Events (MPE), producer of 66 consumer shows in North America, acquired the Arizona Bridal Shows from Townsquare Live Events LLC.
  • Nominations for 2019 Trailblazers Opens for Trade Show Executive’s Trailblazers program which recognizes the industry’s up-and-comers.
  • Informa Exhibitions reported a 6.7% jump in underlying revenues for 2018 even as it absorbed the blockbuster acquisition of UBM.

The International Buyer Program’s Jim Boney Will Join the Private Sector after a 40-Year Career with the DOC

,
November 17, 2005
Share On:

Washington, DC - For 40 years, Jim Boney has worked around the world for the U.S. Department of Commerce (DOC) and the State Department. As director of the International Buyer Program (IBP) for exhibitions since 1992, he emerged as one of the most powerful international matchmakers for exhibitors and attendees.  In Fiscal Year 2003-2004, the IBP generated sales that exceeded a whopping $1.4 billion.  In an exclusive interview with TSE columnist Bob Dallmeyer on the eve of his retirement, Boney talks about why the IBP has been so successful; what we can learn from the U.S. military; and the time he was mistaken as a spy by Swedish newswriters.  Here are some excerpts from the interview.....

BOB: "The IBP became a major industry player under your stewardship.  To what do you attribute this success?"

JIM: "The IBP telescopes the “business mating dance,” if you will.  Our market specialists bring global buyers to trade shows with the understanding that they will help them achieve their business objectives.  And we have something wonderful that you won’t find in many parts of Asia and Europe: our culture affords the ability to do business quickly, and in a trusting environment. " 

 

BOB: "So you feel our trade show model is unique?"

JIM: "Definitely.  This is world’s largest market, where global buyers can find almost anything at a variety of prices from a lot of competitors.  They prefer doing business with Americans because they trust them.  And, since all business is a function of time and money, the IBP success comes from significantly enhancing this process."

 

BOB: "Have you ever measured the IBP results?"

JIM: "Yes.  In FY 2003/2004, the International Buyer Program created about 1,500 sales and/or representation agreements, valued in excess of $1.4 billion.  Our clients’ success is our success." 

 

BOB: "What can trade show organizers do to sustain this momentum?"

JIM: "Several things come to mind.  First, understand that the U.S. represents only 5% of the world’s consumers, leaving a tremendous amount of business potential beyond our shores.  An organizer needs to make global contacts to create the network necessary for growth.  A few are doing this successfully, but so many others must identify gaps and needs in the international marketplace for their clients.  Also, show organizers must find opportunities for acquisitions, joint ventures and ways to make inroads into some of the big end-users overseas.  Finally, every pavilion in a global trade show is an opportunity for the organizer to learn more about that market and serve his constituency back home. "

Read the full interview in the December issue of Trade Show Executive magazine available online on December 1.  Or, you can get a copy early as part of the  room drop at IAEM on November 29th or visit TSE Booth # 406 at EXPO! EXPO! on November 30th.  

Jim Boney officially retires on December 3.  See him at IAEM as he receives a Lifetime Achievement Award from IAEM for his work promoting international participation in expositions.  You can reach him now at  (202) 482-0146 or jim.boney@mail.doc.gov , and after December 3rd at tgif54321@hotmail.com.

Share On: