This document provides an overview of corporate events management, including types of corporate events, the difference between corporate and leisure events, criteria to identify potential audience, key elements of a feasibility study, and planning and promotion of corporate events.
Contribute Materials
Your contribution can guide someoneâs learning journey. Share your
documents today.
Corporate Events Management
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION..........................................................................................................................3 MAIN BODY..................................................................................................................................3 P1 Types of corporate events....................................................................................................3 P3Review the range of differenttypes of corporate events and assess howtheymeet different strategic focus and the goals......................................................................................5 P4 Assessthe differentcriteriato identifythe potentialaudiencefor the newcorporate event...........................................................................................................................................6 P5 key elements of the basic feasibility study for the corporate event..................................7 P6 Plan for Corporateevent and applying key planning and promotionof the corporate event...........................................................................................................................................8 P7- evaluation of the plan andpromotional activity of event..............................................10 CONCLUSION..............................................................................................................................10 REFERENCES..............................................................................................................................11
INTRODUCTION Eventmanagementistheapplicationofprojectmanagementtothecreationand development of large scale events such as festivals, conferences, ceremonies, weddings, formal parties, concerts, or conventions. ... The events industry now includes events of all sizes from the Olympics down to business breakfast meetings. This report will takeThe Event companyto cover this case study.This is top event management company who areorganizingtheir event projects in all among theworld.This company provide all type of events to their clients and provide better experience to their clients. This report will analyze differenttypes of eventsand it will compare the corporate event and Leisure event (Chen, Chiu and Shevlin., 2018).It will alsoreview the different type of corporate event and what are there goals. This report will identify the potential audience for the new corporate event and it will also analyses the key elements of the basis feasibility study for the compare event. This report will conclude the corporate event plan and it will include the planning, promotionof the corporateevent and in theevent of this reportwill evaluatethe planning and discuss the promotion of the whole event plan by The Event company. MAIN BODY P1 Types of corporate events There arevarious kind of the Corporate eventswhetherhosting thecompanies conferenceor theany kind of tournamentcompaniesuseCorporate events to bring the audiencetogetherto make aninternational relationshipbetweenthem which could not be present ininside thestructuredenvironment of their office . Here are different different Corporate events- Seminars and conference The purpose of the end management is to make proper planning ad hold the meetings with thetargeted audience and provide them the relevantinformation. Seminars are the small and short eventwhich canbe for 2 to 3 hoursor it can be for more than one week (Curran, OâGorman and Van Egeraat., 2016). They have the single or the multiple speaker who keep every peopleor the event participantstogether on the sameplace, whiletheconferences typically have themore then 1 sessions.This kind of event usually held in thehotelsand it can also include the breakfast for the participants. Trade shows
Companies usually attend the trade shows as a lead the generation activity. Companies may also chooseto the host or the sponsorsa trade showto reinforcetheir popularity n the industryor the industry leaders who may attend theevent.Planning of this kind of event involvedthenegotiation between the tradersand company speakerscan speak about their deals and buyers and traders both will be present in this event. Team building events The building events are for the employees of the particular companyin-hence their confidence, morals andgoodwill. In this eventcompanies employees an spent time together and build a team who can work together. In this Corporate events, event company provide the outdoor and the physical activities in a group and epitomize the team building event. Product launch event Product lunch event is one of the most common event wherecompanies launch their new product and people from the industry and expert attend the event andother audience like customers and the mediaalso present in those event. Company reveltheir new eventwhere they give the introduction of their product and b theyprovide the information whichmakes theirproduct unique better as compare to the other companies.This also release the press conference where companies leaders talk about their product and tell them that how this will help their customers to satisfy their needs and how it can be useful for them to make their life more comfortable. P2 Difference between corporate and leisure event Corporate eventsand the leisureeventare to different categories of theevent management, andthey botharebestIn their own way (Devenish and Moital., 2019). Ifwe talk about thecorporate events thenits comes to the businessrelatedeventslikeproduct launching andmeeting and conferencebutthe Leisureeventis an interrogatingand the diverse field. Which involves the managing of the facilities such as the sports ground, parks and the environmental venturesand it can alsoinvolves themanaginga celebrationor the festivals, sports contest or the concerns. Corporate EventLeisure Event Corporate events include the events which are organized for the particularcompanyor the dentistrywherepeopletalkaboutthe Leisure event management is an interesting anddiversefield.Itinvolvesmanaging facilitieslikesportsgrounds,recreation
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
companies. Most of the company launch their new product, so they take the help of the event companies who can arrange allthethings which is needed in the event such as they decide the place where all arrangement6s will be done,after that theylap with the median andinvite theimportant people who should be present, andthey put the thingslike divides and all show people can see the event from far. Similarly other eventslike meeting of the companyis also doneby the event company in which they select the hole and organize whole event and This kind of events areonlyrelatedtothebusinessandthe industry people (Getz., 2019). centres, parks and entertainment venues. Also, itcaninvolvemanagingacelebrationor festival,sportingcontestorconcert.The leisure events companies that manage these activitieshireanengagedandenthusiastic workforce, who know their target audience. Moreover,theseprofessionalshavethe expertisetocarryoutallthenecessary administration and planning. The skill of the leisure event manager lies in his/her ability to understand what the event taking place means to those who are in attendance.leisure event managerneedstoincorporatevalueadding measures, to improve the experience of event goers. P3 Review the range of different types of corporate events and assess how they meet different strategic focus and the goals There are many differentkind of the Corporate events and this is very easy for people to get confused between the.This all are related to the business and all the people present in the event are from thebig businesses. Some some of the Corporate eventswhichare every common among the people are conferences, Corporate dinners, bored meet and the year ending functions. Conference- The purpose of the end management is to make proper planning ad hold the meetingswith the targeted audience and provide them the relevant information. Seminars are the small and short eventwhichcanbe for 2 to 3 hoursorit can be for more thanone week.They have thesingleor themultiplespeakerwho keep every peopleor the event participants together on the same place, while the conferences typically have themore then 1 sessions. This kind of event usually held in the hotelsand it can also include the breakfast for the participants.
Corporate dinners- business and the corporate dinnercan be anything and the main focus of the event on thedetermining the locationandduration of the saiddinner. If the dinner is an in-house strategy session, for example, a catered dinner in the office boardroom might be most conducive to a working dinner. However,of this event is anattemptto woo a prospectiveclients over thedinners, thedinners in the eventsigh be heldat the formal restaurants or the bar and it can be for the 3 to 4 hours only. Team building corporate dinner may be the team building event for the companies' event so all can take the dinner together and make the good relationship with each other (Kalgo And et.al., 2019).This also motivate their employees and they give their bestin the at the companies workplace and also increase their efficiency to work. Board meeting-Board meeting event areorganized by the By companiesandIt is an imperative part of thepublic andthe privatecompany's communicationstrategy. In this meeting the companiesbored of directorspresentwhere they reflect theperformance of the company andmake theproper strategy for the company for their success andeffectiveness I their business. P4 Assess the different criteria to identify the potential audience for the new corporate event The Eventcompany isorganizing a new Corporate eventfor Anone of the multinational company in UK.This event ison the companies conference wherethey are invitingat least 20 employees of the company. Company will need the potential audience for the eventwhich is required to make this event possible for the company, and they can satisfy their clients demand.Here arethe key people whowill make the managementfor the company- Event manger `Event manager of the companywill arrange the hotelwherethepeoplewill stay becauseThis conferencewill for the 2 daysandthe manager have to bookthe hotelfor 2 days, and they will also need the conference hole where they can arrange their meeting event properly. The location of the hotel will be center of the city (Kolchinsky and Schuster., 2019). Supervisor Supervisorwillcontrol the 6 people under himwho will arrange the sitting table and they will also look for theproper decoration of the hall.Supervisor willgive the guidance to the employees who0 bare working under him.
Food department w They will present in the event to supply the food and water bottles to the attendees so they can provide them food and whether which can make their experience good. Attendees Attendees will b be the people who will attend thehall meetingof the event. They will attend theseminar andtake the declensions for their company. They willbe the target audience for the event company and It is necessary for the The event management company . CEO The mainsuperior of the meeting event will be theCEO of the company who will be main target audience for theEvent company (Mathew and Hubloue., 2018). Theirfood and sitting arrangement will be different andhe will also stay in the driftnet hotelwhich will be more luxuryand conferrable.Themaingoals of the company willbe the companiesCEO because he is the owner of the business andcompany have to provide better treatment to him to satisfy the needs of themeeting.If they will able tocreate good image among the CEO then they can create good relationship andcompany ca get the other new eventfrom themwhich will be good for the The Event management company and it will help them to create good image in the market andother companies willalsogive the event management project to them for better event. P5 key elements of the basic feasibility study for the corporate event Feasibility Study can be defined as a controlled process for identifying problems and opportunities, determining objectives, describing situations, defining successful outcomes and assessing the range of costs and benefits associated with several alternatives for solving a problem (McKinley., 2017). This can be helpful for The Event company to organize their event successful, andthey canmake the proper plain for their event project.There are some key element of the Feasibility Study which can help the new event plan of âThe event companyâ to make their event successful. The scope of event Thisis used to bedefined theproblemscan beoccurred during the event andthe opportunitieshave to be address in the new event. The event company superiors have the find the scope of their businessand needwill need to understand the problems whichcan affect
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
their event. To address the new opportunities they have to make proper strategies to overcome from the problem and it will help them to achieve the opportunities from the event and they can make their event successful and satisfy the needs of the client. The current analysis They have to analyses the system they can implement in the event, This form of analysis is used to evaluate the current method of implementation like a new product or system. From this analysis, you can discover the strengths and weaknesses of the current approach. Conducting a current analysis and identifying the pros and cons of your current system/product can help you save both money and time. The requirement They need to understand the what are the requirement of the client which is need to be understood by the superiors of The Event company, so they can fulfillall the needs of their client and make the Corporate event successful (McKinley., 2017). Planning There shouldbe a proper planing of the event, andthey have to makeestimate budget of the whole event. They have to calculate how much money they have to spent o the event and this will also include the profit of the company . They also have to manage the things which will be needed during the event. They have to book the meeting hall, hotels for the people who will attend the meeting etc. Evaluation of the plan After making the planning and budget of the Corporate event company have to evaluate the plan in which companywill tartedbooking the hotels and look for the requirement. Whatever they have plain will be implemented by the company, and they will also control and monitor theevent. Control by the managers of the company will be there until the end of the event, and they have to guide the employees and look that their all the staff are working properly or not. P6 Plan for Corporate event and applying key planning and promotion of the corporate event There are 6 stepswhich will cove thewhole new corporate event by the â The Event company â This steps will be used to make the plan for this event. Step 1- detail o the plan
Thiswillcorporate event willbase on the company meetingwhere 20 peoplewill attend the meeting (Sharma., 2019).Thisevent will be held on the 01/ 06/2020 and it will be endon 03/06/2020. This company want to organizethe meetingthrough the Event company which will be related to theircompany performance.Their 20staff will attend the meeting and it will be in the London. Step 2- Budget This corporate event will be for the 2 days and their will be 2-3 hours each day. Their budget will be around 20000 dollarswhich will include everyarrangement an excessof the event. Step 3 â Theme The meeting and the event place will be one hall which is located in the center of the London . The sitting arrangement of the Hole will be On the basis of C face meeting where and on the front there will be one LCD where they can discus about their performance of the Step 4 - Find venue Finding a venue can be tricky, as navigating the costs, quotes, and whatâs included means lots of meetings and negotiating (Yang and Tan., 2017).There will be around 15 peoepl who will work in the event. 1 manager, 1 supervisor, 6 staff members. 4 people for the catering and 3 drivers. Step- 5 Find A caterer event will start on themorningevent company have to arrange the catererswho ca make the breakfast for theevery attendee. They willconnecttotop catererin theUKand there will be 4 staff will be therefor the catering. Step 6 Logistic event attendee will send the Bus send the 3 cars who will take the two rounds. Promotion of the event There will be no promotion needed in this plan becauseThis is a corporate event, and they are arranging themeeting for the company so there will be only 20 people who are working in theparticular company.Theywill only attend the eventso there will be no promotion activities will be done by the Event company.
P7- evaluation of the plan andpromotional activity of event Step 1 - Meeting the core team Immediately post events It is imperative to conduct a meeting with your core team immediately post the completion of the event. The time gap should not be more than a week at the most. Delaying the process often results in fading of the important details in the light of current issues and responsibilities. Step 2 - Evaluation of financial goals This step is vital in terms of getting an impartial overview of the revenue and expenses. The analysis assists you to attain a clear idea as to why your expenses exceeded your budget, net revenue; additionally make a revenue comparison with last year and decide on the necessary improvements to be undertaken for the next year. Step- 3 promotion and marketing There will be no promotion needed in this plan becauseThis is an corporate event, and they are arranging themeeting for the company so there will be only 20 people who are working in theparticular company (Yi,Lee, J and Whang., 2016). Theywill only attend the event so there will be no promotion activities will be done by the Event company. Step- 4 Feedback Manager of the company have to take the feedback from the client, so theycan understand how their event is going. CONCLUSION As per the reporthas been analyzed differenttypes ofCorporate eventsand it will compare the corporate event and Leisure event.It also has beenreview the different type of corporateeventandwhat are there goals.This reporthas beenidentifythe potential audiencefor the new corporate event and explainthat how The event company will target the audience and it also has been analyzedthe key elementsof the basis feasibility study for the compareevent. This report has beenconcluded thecorporate event plan and italso has been included theplanning, promotionof the corporateevent and in theevent of this reporthas beenevaluatedthe planninganddiscuss thepromotion of thewhole event planby The Event company.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERENCES Books and journal Chen, N. X., Chiu, P. C. and Shevlin, T., 2018. Do analysts matter for corporate tax planning? Evidence from a natural experiment.Contemporary Accounting Research.35(2). pp.794- 829. Curran, D., OâGorman, C. and Van Egeraat, C., 2016. âOpportunisticâ spin-offs in the aftermath of an adverse corporate event.Journal of Small Business and Enterprise Development. Devenish, K. and Moital, M., 2019. Barriers and Facilitators to Event Greening Practices within the Corporate Sphere.Revista de Turismo Contemporâneo.7(1). pp.1-27. Getz, D., 2019. Event evaluation and impact assessment: Five challenges. InA Research Agenda for Event Management. Edward Elgar Publishing. Kalgo, S.H. And et.al., 2019. Does Leverage Constrain Real and AEM Around IPO Corporate Event? Evidence from the Emerging Market.Global Business Revie.20(2). pp.354-367. Kolchinsky,I.andSchuster,A.,2019.LazyEvaluationMethodsforComplexEvent Processing(Doctoral dissertation, Computer Science Department, Technion). Mathew, D. and Hubloue, I., 2018. Evaluation Of The Assessment Process Of Primary Health Care Corporation In Qatar For Its Readiness To Deal With Mass Casualty Event During FIFA World Cup 2022.Arch Med Vol.(10). McKinley,S.,2017.Oraclemarketing:Openâsourcesustainabilityforcorporateevent planning.Global Business and Organizational Excellence.36(6). pp.6-18. McKinley,S.,2017.Oraclemarketing:Openâsourcesustainabilityforcorporateevent planning.Global Business and Organizational Excellence.36(6). pp.6-18. Sharma, S., 2019. Corporate Event Planning. Yang, F. X. and Tan, S. X., 2017. Event innovation induced corporate branding.International Journal of Contemporary Hospitality Management. Yi, I., Lee, J. G. and Whang, K. Y., 2016, October. Apam: Adaptive eager-lazy hybrid evaluation of event patterns for low latency. InProceedings of the 25th ACM International on Conference on Information and Knowledge Management(pp. 2275-2280).