Best Practice Sharing

IWDC Members have many advantages over non-members, but one advantage is especially worth pointing out: the IWDC provides an excellent framework in which Members can share best practices. That’s been true for decades, too – because the IWDC has always been dedicated to helping its Members improve their business acumen.

In essence, best-practice sharing involves Members openly discussing current issues and business trends, exchanging sales, marketing, and administrative techniques, talking about what works and what doesn’t, and reveling in each other’s successes.

There are two primary IWDC venues for best-practice sharing: our annual Owners Meeting and our Sales and Purchasing Convention. In addition, Members can choose to participate in our Annual Performance Analysis Report, conducted by the Profit Planning Group. This entails the following: financial numbers are collected from each participating Member company in a confidential manner. We then place these numbers in the context of a wide range of financial and operating metrics and prepare an exclusive report for each Member. When Members review this report, they can see how their company stacks up against the metrics and focus on improving critical parts of their business, as necessary.

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If you’d like further information on how we foster best-practice sharing, please contact the IWDC.