Planning and Delivering an Event: EDM Fest Case Study
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This article discusses the planning and delivery of an Electronic Dance Music (EDM) Fest, covering the event cycle, research, feasibility study, event operations, budgets, and industrial trends. The case study highlights the importance of understanding the market trends and coordinating with them to achieve higher profitability and sustainability.
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Planing and delivering an event
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Explaining event cycle................................................................................................................1 Examining event research...........................................................................................................2 Explaining feasibility study of event...........................................................................................3 Describing event operations........................................................................................................4 Formulating budget.....................................................................................................................5 Explaining trends of specified industry.......................................................................................5 CONCLUSION...............................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Planning and delivering an event is considered with gaining effective activities like establishing timelines, budgeting, coordinating with other departments. Etc. In the current era, planning & delivering event has become little complexdue to larger number of competitors prevailing in the market which require firm to pay attention on attaining competitive benefits. The present study is based on conducting of Electronic dance music fest which is highly featured by thestrong dance able beat. There is involvement of the several popular artists who uses different kinds of equipment and sets. EDM event will be organized by The Event Company (TEC) in Hall Warring-ton where larger number of people can attracted. The current study will involve event cycle, research, feasibility study, event operations, budgets, industrial trends that are needed to be considered. MAIN BODY Explaining event cycle This is basically considered with having the proper capability to recognize and taking appropriate action in the right manner. The main stages of the event cycle includes planning, organizing, measuring, analyzing and taking crucial actions. For conducting the EDM event in the specified region the TEC need to pay attention on developing the relevant course of action that can contribute in attaining higher level of success. The main course of the action which can be executed by business for gaining the ability to successfully execute different event activities such as spreading information about EDM by using different kinds of media, accessing proper venue, having effectual availability of resources, etc. in order to plan and organize in the effective manner (Allen, 2021). The three stages of event life cycle possessed for gaining higher profitability & sustainability. This involves taking crucial action for before, during andafter. ï‚·Planning stage is one of the significant stage in which focus is given on clients, stakeholders, functionalareaseventuallytransitioning into more detailed venue centric planning process.In this much emphasis is provided on developing effective research and setting goals such as number of targeted audience, profitability expected expenses, etc. ï‚·Designing and organizing event by payingattentionon having significant operational practicesthrough considering real time scenarios, finalizing the operations, developing contingency,training workforce. In this having all surety abut the EDM required tools 1
and artist so that proper significant understanding delivering relevant form of event can become possible. ï‚·In the event conducting, the third phase which is related with delivering the planned activities by finalizing things and testing commerce operations. The operational actions involvegivingemphasisonobtainingmaterials,ensuringoptimumutilizationof resources, proper execution of being live, controlling activities, communicating with stakeholder, having proper implementation as per the planned scenarios (Getz, 2022). There is focus is provided on receiving feedback regarding event so that required modification can be made. ï‚·Theclosurephaseof thisparticularlifecycleofelectronicdancemusicwhich concentratesonevaluation of project, overlay removal, reinstatement, return of venues & delivering of finial accounting. On the basis of this, it can be interpreted that these actions involve in particular event cycle. On the basis of this, it can be interpreted that firm is using this event cycle to conduct its operational practicesfor EDM program. Examining event research This is associated with having relevant level of evaluation of the impact that can be occurred in form of unforeseen situations on value of event. It is helpful in gaining the appropriateinformationabouttheprevailingsituationssuchastherevenuegenerating, profitability margin, etc (Backman, 2018). On the basis of conducted evaluation for the current electronic dance music it can be specified that there are several actions which are needed to be taken into consideration so that higher performance in corrective manner can be derived. There is higher level of the demand of the particular form of the event due to prevailing trend of health consciousness and greater support for the legal requirement of the noise pollution. The particular firm is focusing on target audience having objective of enjoying throughparticipatinginEDMeventswhichishelpfulinachievingobjectiveofhigher profitability via cope up with prevailing trend.This kind of the event is helpful in receiving ability to properly coordinate with requirement of reducing noise pollution which is basically hampered by other kinds of music event (Antonschmidt, 2022). It is one of the trending activity which is not highly conducted so people easily get detracted towards it to experience such creative form of practice. It has allowed the business to understand that there is need to execute 2
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such effective promotional action which can boost enthusiasm among buyers to experience such entertaining event. The present implemented research has been useful in analyzing that utilizing three Es in marketing process such as engaging, educating and earning emphasis for meeting objective of attaining larger number of customers. From the assessment regarding this event it can be mentioned that there are few threateningfactorswhichcanaffectsmoothfunctioningofeventsomakingstrategic management action becomes essential (Allen and et.al., 2019). The set of risk which are needed to be managed involves general, liquor liability, security management, collapse of electronic devices, unsafe behavior, over crow, unavailability of artist, etc. on the basis of this it is interpreted that mitigating this threats by having proper testing so that quality performance as per legal trend can be provided. Explaining feasibility study of event The feasibility study is related with conducting analysis of relevant factors of event so that depth understanding about its success can be attained (Feasibility: What to assess?2022). It is one of the crucial activity that helps in attaining the reliable and accurate information so that higher ability to cope up with prevailing situation can become possible. Recent feasibility study of the project regarding electronic dance music will involve evaluation of risks, venue, dates, findings, staffing ,environment, equipment, support, etc. ï‚·Risk feasibility include having relative degree of confidence by The Event Company to mitigate & eliminate situations like financial losses, compliance with legal & industrial standards for crowd and noise. Avoiding damage to venue, injury to staff & reputation to the stakeholders. ï‚·Time feasibility pay attention on having necessary plan for arranging the stage event by focusing on two components.The mentioned firm for achieving ability to book venue on time and giving appropriate length of notice to participants so that relevant conducting can become possible.It is important to book the venue in advance to avoid complications and having enough capacity to spread tickets to generate greater amount of revenue, profitability, mitigating competitions, etc. ï‚·Funding feasibility is concerned with having accurate insights about the expected revenue andexpendituresthrough everlasting sources of income, etc (Goel and et.al., 2019). The Event Company can getappropriateability to make it successful by analyzing 3
unexpected losses throughvenuecosts, escalate, errors, etcas per the prepared budget via identifying unforeseen situation.It is helpful in indicating that proper capacity to avoid financial difficulties by concentrating on event revenue and cost so that aim of sustainable profitability can be obtained. ï‚·Staffing feasibility helps in evaluating that sufficient capacity to ensure that corrective form of personnel can be attained. This aids in supporting organization to meet deadlines on time forsuccessfullyexecuting of operations. This can hep in achieving higher productiveness so that conducting music event by those who can manage properly electronic devices. ï‚·Venue & equipment analysis for the present type of case is helpful in understanding that advanced level of electronic devices to thespecifiedplace in highly safe manner. This involve paying attention on acquiring equipment like score boarding, lighting, timing, etc, having enoughandtransportation facility. ï‚·Environmental management and support for organization through managing traffic congestion & parking problems to damage sustained by eliminating noise pollution, etc. On the basis of this it can be interpreted that these are the crucial areas which are required to be managed accurately for gaining significant processing of EDM event. This is helpful on making reliable strategies for attracting targeting audience by eliminating thes prevailing situations so that higher profitable situation can be formulated. Describing event operations There are different kinds of the operational repeatabilities which are needed to be coordinated at all the levels so that smooth functioning of electronic dance music event can be derived. For the currenteventsuch as conducting electronic dance music the operations which will be involved includes on site registration, technical elements, agenda management, managing vendor service and assisting guest, feedback, emergency monitoring,etc. there are different activities which are needed to be executed for gaining the significant position to delivering quality based electronic dance music (Draper, Young Thomas and Fenich,2018). The form of actions which are basically taken into process for attaining higher productivity from staff includes having excellent team collaboration, efficient formulation of budgeting quality & systematic operation checking, managing crow & traffic, executing unique branding. In all the 4
practice executed there is ned to focus on having higher-level of integration & coordination so thatbettersuccess giving factors can be provided. On site registration involve having proper enrollingforevent so that efficient number of resources required can be assessed. In addition to this, technical elements involve having all logistics such as all electronic devices, audio visuals, coordination with contactors, etc. the agenda management is taking time to analyse that proper goal achieving & objective through delegating relevant proportion responsibilities to staff. Other actions of operations that can be effectively procuring inputs, optimum utilization of resources, having significant ability to eliminate errors, etc. by ensuring proper level of coordination with budget formulated. The other form of operational actions which is exerted for having success is taking feedback from clients in turn improving lacking areas for offering higher satisfaction clients.These mentioned course are helpful in gaining capability to recognize prevailing lacking areas in operational actions so that improvement strategies via focusing on motoring & controlling practices can be done. Formulating budget ExpenditureAmounts£IncomeAmount£ Venue hiring120000Sponsorship3500000 Foods & refreshment stall200000Ticket sales1500000 waiters15000 Artists fees500000 Cleaning fees300000 transportation expenses70000 Set up and pack down charges15000 Electronic devices rent75000 Advertising and promotion expenses40000 Utilities expenses160000 Volunteers cost85000 Recording and photography cost1250000 salary and wages to staff1500000 5
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Profitability670000 50000005000000 On the basis of the above prepared budget it can bespecifiedthat particular firm in order to conduct electronic dance music event will generate profitability of£670000 by incurring mentioned costs. Explaining trends of specified industry There are several factors which are required to be highlighted in order to ensure smooth functioning of business.These trends of specified industry can aid in meeting the need of formulating higher effective & reliable plan via understanding needs of market so that suitable strategiescanbeapplied.Thecrucialindustrialtrendsinvolveslivesteaming,social ambassadors, experimental marketing, event apps, smart phones, conducting of hybrid even, adoptinghealthprotocols,valueflexibility,technologicalbroadcast,qualityproductions, interactive entertainment, great registration, integration of more augmented, consideration to eco-friendly practices, etc. For offering the successful service ion the event industry it becomes essential for the organization to pay attention on gaining significant level of processing which is capable of coordinating with prevailing situations. The trends in music industry is highly considered with achieving higher profitability and sustainability so that much emphasis on attaining ability to offer such service that is demanded in market. While offering the music event practices it becomes essential for the organization to give emphasis on developing practice in such a manner thatisperfectlyabletocoordinatewithprevailingtrendsinthesector(Fernandesand Alexandre, L.A., 2019). There is requirement to ensure that proper artists are participating in event organized as electronic dance music by checking their social media followers, income generating capacity, awareness among audience, etc. In the music industry there are number of aspects which are needed to be focused on gaining better performance. There are certain other areas where much focus on the activities for ensuring success of event. This includes understanding purpose of event, knowing audience, selecting right venue, ensuring accurate time of conducting event, etc. In order to conduct proper EDM event focusing and coordinating with these trends of specified sector so that higher profitability can be derived. 6
On the basis of this, it can be mentioned that following current trends aids in meeting goals in higher effective manner such as higher profitability, stability, greater market share, positive brand image, etc. CONCLUSION From the above report it can be concluded that planning and delivering event requires number of practices which aids in accomplishing objective of conducting successful project. The current study has given emphasis on event cycle that includes planning, organizing, etc. in addition to this, event research has been conducted along with feasibility study that involves risk, time, fund and other factors. Present report has involved event operations such as on site registrations& other activities and budget. There are different trends such as integration of more augmented, interactive entertainment, great registration, etchasbeen highlights in current study. 7
REFERENCES Books and Journals Allen, J. and et.al., 2019.Festival and special event management. John Wiley & Sons. Allen, J., 2021.Event management. Wiley. Antonschmidt, H., 2022. Sustainable Food Operations. InEncyclopedia of Tourism Management and Marketing. Edward Elgar Publishing. Backman, K.F., 2018. Event management research: The focus today and in the future.Tourism management perspectives.25.pp.169-171. Draper, J., Young Thomas, L. and Fenich, G.G., 2018, January. Event management research over the past 12 years: What are the current trends in research methods, data collection, dataanalysisprocedures,andeventtypes?.InJournalofConvention&Event Tourism(Vol. 19, No. 1, pp. 3-24). Routledge. Fernandes, M. and Alexandre, L.A., 2019. Robotchain: Using tezos technology for robot event management.Ledger. Getz, D., 2022.Event management. Edward Elgar Publishing. Goel, P. and et.al.,2019. A data-driven alarm and event management framework.Journal of Loss Prevention in the Process Industries.62.p.103959. Online Feasibility:Whattoassess?2022.[Online].Availablethrough: <http://www.leoisaac.com/evt/top072.htm> 8