Company: NASCAR, New York, NY
Company Description: The National Association for Stock Car Auto Racing, Inc. (NASCAR) is the sanctioning body for one of North America's premier sports. NASCAR is the No. 1 spectator sport – holding 17 of the top 20 highest attended sporting events in the U.S., and is the No. 2 rated regular-season sport on television. NASCAR races are broadcast in more than 150 countries and in more than 30 languages.
Nomination Category: Live Event Categories
Nomination Sub Category: Best Association Event or Meeting
Nomination Title: NASCAR Fuel for Business
The date on which this nominated production was first presented:
Friday March 4, 2011
Briefly describe the nominated event's objectives and how it met those objectives (up to 500 words).
NASCAR Fuel for Business Council Meetings are an asset exclusive for Official NASCAR Partners and Industry Members. The council meets quarterly throughout the season focusing on fostering business partnerships among members. The goal is to engage, share best practices & insights and sell/buy goods and services among Official NASCAR Partners.
Since its founding, the NASCAR Fuel for Business Council has facilitated millions of dollars in annual revenue and savings delivering measurable ROI.
Members are committed to work with other council members at each meeting to identify potential business - to - business opportunities. Efforts are made for both buying and selling product as well as to identify promotional and marketing alliances. At the NASCAR Fuel for Business Council meetings, members are constantly building relationships while strengthening the community of NASCAR
Official Partners making NASCAR the leader in B2B partnerships within the sports industry.
The meeting format consists of the following:
- Attendees (Motorsports Marketing (1), Sales (1), Procurement (1))
- Four (4) Council meetings per year, each meeting consists of a full day that includes: 2-3 Council members present their B2B objectives and the reciprocal benefits they can provide other members, NASCAR Guest speakers and Speed Meetings.
The NASCAR Fuel for Business Council has been successful due to the member commitment to the mission statement. Partners participate on a regular basis and ensure the right people are in the room. NASCAR ensures accountability for members to follow up and share success.
For example, Office Depot has been successful with the NASCAR Fuel for Business Council by securing new business accounts such as: Chevrolet, Ford, the National Corn Growers Association, Getty Images and Morgan Property Resorts (including NASCAR RV Resorts).
Another successful NASCAR Fuel for Business Council member has been Ford with their efforts to sell vehicles to other NASCAR Fuel for Business members through their Partner Recognition Program, as well as fleet sales. Through these initiatives in 2010 alone, Ford generated more than $200 million in vehicle sales.
NASCAR has also added an additional component to the Council on an annual basis – the Driving Business Award. This award honors the Council Member/Company that has demonstrated leadership and success throughout the year. In addition there are quantifiable results of the winner selling a product or service to another council member.
The NASCAR Fuel for Business Council has been highlighted on CNBC, Fox Business News, Forbes and other media because of the power of this platform and product.
According to Mark Yost, author and contributor for The Wall Street Journal, called the NASCAR Fuel for Business Council “ One of the best assets in professional sports”.
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List the appropriate creative and production credits for this entry: Advertising Agency/City: Client: Art Director: Cinematographer: Creative Director: Designer: Director: Illustrator/City: Music Producer/City: Photographer/City: Printer/City: Producer: Production Company/City: Programmer: Writer: Web Development Firm/City:
Director: Norris Scott, NASCAR
Production: JHE Production Group Inc.