EDS: Let's Talk About It

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Mr. Roques
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Re: Creating business opportunities
Mr. Roques   5/18/2012 4:04:45 PM
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Networking... what else? You get to see new products but mainly, you go to network (hopefully for the benefit of company, but at least, for the benefit of those attending).

elctrnx_lyf
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Re: Creating business opportunities
elctrnx_lyf   5/17/2012 8:18:01 PM
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I believe it's always a great way to bring different stake holders at one place to have discussions about establishing relationship. It's always easier this way and I feel it still works.

Barbara Jorgensen
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Re: Creating business opportunities
Barbara Jorgensen   5/17/2012 3:54:59 PM
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@cryptoman: I didn't mean to imply that a lot of deals aren't made on the show floor. They are. It's just that deals are no longer sealed with a handshake. The supplier-distributor relationship has become so complex that a lot of due diligence and negotiation has to happen before the first part is ever sold. There is a lot of value for suppliers in getting their products out in front of potential distributors. And distributors could add a line or two and almost carry inventory from the show floor. Trade issues and environmental regulations are just two of the hurdles these partners have to iron out...life was simpler 'back then.'

_hm
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Esoteric EDS
_hm   5/16/2012 9:31:59 PM
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It looks EDS to be quite esoteric in nature. They should also introduce some parts making it interesting for average technical person.

 

Cryptoman
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Re: Creating business opportunities
Cryptoman   5/16/2012 10:24:33 AM
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I am surprised to hear that there is a declining trend in closing deals on the trade floor in EDS. I was almost certain that distributors and suppliers would be shaking hands on new business there and then. If the distributors and the suppliers visit EDS just to establish an initial familiarity, this sounds like little benefit for the costs involved.

Having said that the biggest advantage seems to be because everyone is present in the same place, many companies can meet one another in a time-efficient way without having to spend too much time travelling and organising meetings.

 

 

Barbara Jorgensen
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Re: Fun (lack of) at EDS
Barbara Jorgensen   5/16/2012 9:32:58 AM
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Laurie: I'm curious if you attend other trade shows and how they compare to EDS? It's been awhile since I had the time or resources to attend a trade show for the sake of attending a trade show. I will say the venue of EDS (the Cosmopolitan) blows the top off of previous locations, although sprinting from the show floor to the suites and back again hasn't changed a bit. :-)

Barbara Jorgensen
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Re: Creating business opportunities
Barbara Jorgensen   5/16/2012 9:27:27 AM
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@cryptoman: Thanks for your perspective. You make a very important point and it does pertain to EDS. EDS was originally established so that SMBs in the tech sector could attract the attention of distributors and other potential sales channels. Most of these companies were not household names; displayed their products in their booth; and measured their ROI in the number of distributors (or OEM customers) they could sign. That population has declined, and my impression is that franchises are not given away on the show floor. A supplier and a distributor have to invest time and money in one another and it is not a handshake deal anymore. On the other hand, just having a booth or your name on the registration list may develop a familiarity, so when you call a distributor, they'll have an idea who you are.

Cryptoman
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Creating business opportunities
Cryptoman   5/16/2012 9:09:42 AM
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I have not attended the EDS either but I can say a few words on attending exhibitions and shows.

I have spent most of my professional life in small businesses (SMEs) where the budgets are limited, efficient work is critical and where there is a constant drive to bring new business in. Therefore, for SMEs attending trade shows is something that needs to be thought carefully as this means extra cost. This extra cost needs to be compensated by bringing new business to the company. General approach taken by the direcors of SMEs is based on the following simple question most of the time "How much business potential does a trade show offer?" Due to the cost concerns, attending trade shows that offer no potential business return is often not even considered by the SMEs. Some exhibitions offer great opportunities for engineers to gain knowledge on new technologies but no potential business. However, the SME bosses are so focused on hard cash that these good chances are ruled out and ignored.

This is different for big companies where engineers are free to attend the relevant exhibitions regardless of the business potentials involved. I know in some companies engineers are 'strongly encouraged' to follow and attend trade shows to show presence.

FLYINGSCOT
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EDS
FLYINGSCOT   5/16/2012 4:35:08 AM
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Not having attended EDS is it hard for me to comment but from reading your article it sure sounds it is heading for a meeting with the Dodo.

stochastic excursion
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Stock Keeper
Re: Fun (lack of) at EDS
stochastic excursion   5/16/2012 1:56:35 AM
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Am I hearing there will be stories on the back-room deals that took place?  Anyway, busy is good!  Sounds like the world will keep turning til the next EDS rolls around.

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