The Value of Legacy
Below we present some of the reasons why various stakeholders can find it valuable to get involved in a legacy process.
![Association](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Association%20-%2016%20-%209.png?h=338a659c&itok=9FWWko1q)
Association
- Validate and achieve purpose, goals, and objectives
- Contribute to solving global challenges
- Increased number of delegates
- Increased revenues from delegates and sponsors
- Enhanced event strategy
- Membership engagement and growth
- Unlock new funding opportunities
![Local host](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Local%20host%20-%2016%20-%209.png?h=224e5b3d&itok=C9fxY956)
Local Host
- Solve local challenges within the field of research
- Build a congress that leverages local knowledge and showcases the destination
- Build a congress or event that stands out
- Build a congress or event that creates awareness, buzz, and great stories
![The Value of Legacy for Local Business Stakeholders](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Local%20business%20stakeholder%20-%2016%20-%209_0.png?h=224e5b3d&itok=5N0Kd_Eg)
Business Stakeholders
- Economic growth
- Increased innovation
- Increased export
- Branding
- Access to new knowledge
- Talent attraction
- New network and partnership opportunities
![Educational stakeholders](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Educational%20stakeholders%20-%2016%20-%209.png?h=56bf8be4&itok=4G-diRJq)
Educational Stakeholders
- Showcase research and field of expertise
- International branding
- Gain access to the latest knowledge
- Networking and collaboration opportunities
- Attract students and PhDs
- Attract new funding
![Governmental stakeholders](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Local%20governmental%20stakeholder%20-%2016%20-%209.png?h=a5ace285&itok=xJGlOGQz)
Governmental Stakeholders
- Solve global, national, or local challenges
- Showcase local destination
- Strengthen public-private partnerships
- Improve policy and legislation
- Improve quality of life for its citizens
![Destination](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Destination%20-%2016%20-%209.png?h=224e5b3d&itok=ouMNy1ok)
Local Destination
- Broader value creation from congresses and events
- Improve the local destination
- Employer branding
- Win more bids
- Support long-term funding
Why Now?
Several forceful external realities are asserting pressure on the meetings and events industry. This questions our very reason to host and attend congresses and events.
![Illustration af klimakrise](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/The%20climate%20crisis%20-%2016%20-%209.png?h=5618260e&itok=djtkRr10)
The Climate Crisis
The meetings and events industry depends on millions of people being flown around the world to meet in temporary settings. The consequence is a substantial carbon footprint. We see our necessary response as twofold; first, the industry must actively engage in reducing the carbon footprint of congresses and events. Second, the industry has an obligation to unfold the full potential of the meetings.
![Illustration - Pursuit of Purpose](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Purpose%20-%2016-9.png?h=71f346c1&itok=KYh9n4Jf)
The Pursuit of Purpose
To woo clients, attract the brightest talents, involve citizens, and work with the best research partners in the future, progressive companies need a stronger purpose than merely generating short-term profit for their shareholders.
![Pandemics](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Pandemics_0.png?h=208bb47f&itok=ohYqBqkh)
Health & Pandemics
COVID-19 has significantly impacted the global economy, and the meetings and events industry is transforming permanently as a consequence. The focus on health risks has increased both for the delegates attending in-person events and also in terms of the implications it may have on their place of employments.
![Illustration - Tech Revolution smartphone](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Tech%20revolution%20-%2016%20-%209.png?h=07f8f59d&itok=SYCyZEM4)
The Tech Revolution
The rapid development of new tech solutions, that can facilitate large and effective virtual meetings worldwide, is becoming cheaper, more advanced, and more real in its ability to transmit human communication and interaction. This will increasingly challenge the need to bring large numbers of geographically dispersed people together in one location for a given period of time.
![Illustration - Collaborative Knowledge Production](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/The%20collaborative%20era%20in%20knowledge%20production.png?h=9cda2e59&itok=r5kodJOm)
The Collaborative Era in Knowledge Production
We live in a time, where the forms of knowledge production are undergoing massive changes due to the abundant availability of data, information, and knowledge. We are moving towards an era characterised by collaboration, internationalisation, interdisciplinarity, cross-sectorial alliances, openness, and problem-focused research. In this era, meetings will become even more important as platforms for disseminating and sharing information and networking.
![Political instability](/sites/wonderfulcopenhagen.com/files/styles/content/public/2023-03/Political%20instability%20-%2016%20-%209_0.png?h=5bde1534&itok=iebrzz-_)
Political Instability and Unexpected Change
Global circumstances, such as political instability, war, and recession can lead to new and unforeseen situations. Thus, the industry must be ready to adapt, create sustainable business models, and use congresses and events as catalysts for positive change.
![Gerda Marie Rist GMR](/sites/wonderfulcopenhagen.com/files/styles/person/public/2023-10/Gerda%20Marie%20Rist%20GMR.jpg?h=a19c9aca&itok=BKtfRy1d)
Head of Copenhagen Legacy Lab
![Jakob Kjeldgaard Jensen JKJ](/sites/wonderfulcopenhagen.com/files/styles/person/public/2022-04/Jakob%20Kjeldgaard%20Jensen%20JKJ%20DSC_2298.jpg?h=8abcec71&itok=lPhdy7N3)
Manager – Copenhagen Legacy Lab
Read more about our work with congresses and events which Copenhagen Legacy Lab supports, by ensuring a broader value creation, supporting some of our strongholds here among Life Science, Green Transition, and Information & Communications Technology.