Greetings!
Corporate cause-related sponsorship spending
should hit $1.5 billion in 2008, according to the IEG
Sponsorship Report's recently released forecast.
That's a 4.4% increase -- in line with the modest
upticks anticipated by all other sponsorship sectors
except sports which is expected to rise by a whopping
16.7%.
The IEG numbers are useful because they
provide a consistent benchmark from year to year,
but they don't
come close to measuring the totality of
company/cause alliance development. This short
counting will only grow more acute over time as cause-
related work grows less promotionally focused.
It is much more difficult to measure the value of the
employee time, product, intellectual property and other
ingredients of corporate social initiatives than it is to
quantify traditional sponsorship spending.
Quantifying commercial and societal impact can be
even more challenging.
That's one reason we're particularly pleased to be
offering a workshop on "Mission Measurement" on the day
before this year's Cause Marketing Forum conference.
However you measure success, I hope that 2008
proves a great year for you and your partners in doing
well by doing good.
David Hessekiel
President