This report covers the diversity in the global event industry, factors influencing the development of the event industry, evaluation of the value, impacts and legacy of global events and management strategies to support event development.
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GLOBAL EVENTS
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TABLE OF CONTENT INTRODUCTION................................................................................................3 MAIN BODY.......................................................................................................3 Diversity in the global event industry...........................................................3 Evaluation of the factors that influenced the development of the event industry.........................................................................................................5 Evaluation that shows the value, impacts and legacy of the global event. .8 Management strategies to support the event development.........................9 CONCLUSION..................................................................................................12 REFERENCES..................................................................................................13
INTRODUCTION Global events are those functions which have global reach it includes notable investment from the public which directly impact the inhabitants and environmentaldevelopment.Globaleventsaregenerallyconsistsofthe short time duration as organizing such event required a large amount of money investments (Cheng and et.al 2019). Big organization also sponsor the events as charity events for the development of the society such events termed as community program which aim to provide help to the communal people. This report will cover the area of diversity in the global event industry which includes its structure and how they generally organize in the place of different type within the society. It also includes the factors which influenced the event development on both local and global level. It further describes about the evaluation that include the value, impacts and legacy of event with environment last it concluded with the management strategies which aim to support the event development. MAIN BODY Diversity in the global event industry Event industryrefers to the involvementof the public ina various event which can be differed in their aspects. There are many kinds of events whichcanbeheldgloballyorlocally.Thosefamouseventsconsistof exhibitions,conferences,musicalevent,culturaleventorincludes
community development event which are supported by the public. Events canbehallmark,megaeventsorcommunalarteventsthatareaimto involve the large number of audience. This event can be categorized on the basis of its size, properties (Kou and et.al 2019). Diversity of the event industry based on the size of event: Events can be based on their size as many events are organized as locally whichinvolvecertainpeoplewithinthecountry,andothereventscan organize as a globally which aim to involve the global people. For an example community program is only aim to support the development or growth of the community and global event such as Olympics which are design to include global people. Therefore, events are categorized on the basis of its size and dimension. Events that are happened locally or globally: Localeventasculturalprogramhostedbythecommunitywhichmainly involve the participation of local people. It is aim to help the community for theirgrowthanddevelopment(ManeenopandKotcharin,2020).Foran example Obby oss a may day celebration which held In Padstow, Cornwell peoplesofPadstowEnglishtowncelebratestheobbyossfestivalwhich includes the parades, dance and music. Major events can be categorize as a media interest which aims to attract the number of people, in such type of event includes the sports event for example test cricket is the famous event ofUKpeoplegatherfromdifferentpartofthecountrytosupporttheir national team. Such event can also give the benefit to the country's economy aslarge numberofaudiencepurchase theticketswhichcanimpact the economy rate of the country. Structure and way of organizing of events: Events are organized by the big event organization which host the various event. Some events are made for to address the environmental factor as mega events creates pollution in the environment which is the major focus to involvethesustainabilityfactortoprotecttheenvironment.Event management company organize their stuff according to its importance as it
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involves the major responsibilities for the event coordinator who assign the jobrolestotheeventmanagementteamaccordingtotheirskillsand knowledgewhicharerequiredtocarryouttheworkinagiventimeor effectively. For an example Google winter party hosted to provide a European holiday for their guest for that purpose they have organize a event party in Grand Budapest hotel which transform its structure into the glamorous hotel which includes all the leisure and which aim to give better services to their guests. Event management team consider all the factors which can benefits the guest of the hosted company they include lobby, bars, spa for the guest (BoyleandHaynes,2017.).Therefore,organisingaeventincludethe effective participation of whole event management team there work can be differ according to their field ascaterer are aim to provide good catering services, lightning team manage all their stuff, staging team etc. all carry out their work effectively, it is mainly guided by the event manager who checks the quality which helps them make their event successful. Different type of event can be held in the society for the development. Many organisations also starts charity program or other community program which aims to support the societal people. In such type of events include the participation of various stakeholders who invested in the program to support the community or it also helps them to grow their business. Cultural events also held in the society which involves the maximum participation of the societalpeoplewhichalsohelpsinincreasingtheknowledgeofsocietal people.Therefore,diversityintheeventindustryincludedifferent dimensions of events which are generally structured and organized societal eventsareorganizedtosupportthecommunity(OngchocoandScholl, 2020). Evaluationofthefactorsthatinfluencedthedevelopmentoftheevent industry For every event it is important to consider all the factors which can play a crucial role in the success of the event.
Objective of the event: First need to understand the concept of the event as every event has a main purposewhicharethemajorfactorfortheirrevenuesandsuccess.To achieve the success event organisation need to set a specific goal for the accomplishment. In order to achieve the success event organization must need to know as what occasion they are trying to host the event according to which they can organize all their resources which can be beneficial for the successful completion of the event (Zarasian,Rios and Williams,2021). Timing and place for the event: After deciding the objective of the event now it's time to decide the venue and timing for the event. As the venue is booked earlier before the event for effective response. Therefore, for that purpose event manager must need to arrange all the resources which can be use for the successful execution of the event. Development of the local event gives the many opportunities for the local people as it promotes the skill development, volunteering work to help the society to overcome all the challenges. Therefore, in such events local community organize event for the growth of the society they choose the venue while considering the factor as a place which involves the maximum participation of the stakeholder (Wiener and et.al 2019). Development of the event industry impacted globally as for the organization if they have known for their better services locally if they want to conduct a event globally they need to specify the timing as what time people of other country likes to involve in the event. Therefore, timing and place creates a great impact on the successful completion of the event. Checklist of the event: Event checklist is the most important factor which helps to reduce the stress and tension. Therefore, event management company need to check all their resources before hosting the event so that they can protect from any faults. As if organization does not check their resources than it will create problems forthemthereforeiftheyareconductingthelocaleventtheyneedto arrange all the resources according to the local people, also if company is
organizing the event globally before going such country they first need to organize all the resources or to decide the venues so that it will not cause problem for them (Capotondi and et.al 2020). Finance factor of the event: As for the every event company it is very important for them to budgeting as it sets the bar through which event company got to know as how much they need to invest. Accurate budgeting can help the in the successful evaluation of the event. As for the local program organization need to consider the factor as they can take idea from the past events which can help in their event planning, involvement of the stakeholders to support the fund for the event. If company is organize an event globally then they must need to consider their budget otherwise they will have to face the problem while dealing with the resources. Technological trend that are influencing the event industry: Emergenceofthetechnologyisimpactingthewholeworldevery organization implementing the technologies for the successful implement of their company's operation. Event industry also considering the technological factor which is helpful for them to conduct their event successful. Tickets go mobile: This type of technology helps the event company to effectively available to everyone, anywhere. It makes a ticket available for the consumer on their mobile. At the time of the event they can show it and make a entry into the event venues they don't need to take out the print of the ticket. It helps the event company as their customers need not worry about the tickets also it enables them to take participate in their event (Chirieleison, Montrone and Scrucca,2020). Attendee data: Technology like the QR code use for the online ticketing can help the event company to know about their audience also the total number of audience who are involving in the event. Such technology helps the event company to
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know about their guest who can support their event and in result they get the successful evaluation of the event. Evaluation that shows the value, impacts and legacy of the global event The main aim of events is to find the positive and negative factors for the improvement of futuristic property. Event plays an important role as it covers all the economic, political development factors. Value of the event can't be limited to the communal development it helps to increase the economy rate of the company also various communal event are aim to provide employment to the youth also promotes them to take part in volunteering work. This work help in the growth of the society also offers various opportunities to the societal people. Event legacy can be defined as a long term legacy which gives the major impact on economy as it helps to improve the infrastructure. As for the example it can be described as a Olympic event usually the event legacy is measured by the tangible evidence as images and charts which help to see the visual facts. As Olympics held in the London it helps the country to improve their infrastructure and develop a element which can grab the attention of the audience who come to take participate in Olympic event. Such type of event legacy can build the strong economy rate for the country(Smale and et.al 2019). Government and the big organization also taking part in the events for increasingthe economyrate ofthe country.Asforthe localevent local governmentplaysankeyroleastheyensuretheeventissuccessfully organized or not as it aim to support the growth of the communal people. Government helps in funding the event provides proper venues for the event. Big organisation also host the event as they aim to support the growth of the economy by providing help to the local people. Companies organised various charity or volunteering event which promotes the communal people to take part in such event which increase their knowledge and also allow them to make a step for the development of their community. Impacts of the event:
There is a negative and positive impact of the event which directly impacted the host of the event. Therefore, for every event organization they must need to analyse all the resources before proceeding with the organizing of the event,otherwisetheywillhavetofacethefailure.Forthesuccessful evaluationtaskmanagermustneedtoassignthetasktotheworker effectively so that they know their job role and works accordingly. It will give the positive impact also plays an crucial role for the event company to grow their revenues. Positive impact of global event: Organizing a global event can help in investment also if a country is hosting a global event which increase their economy rate, also develops the foreign exchange income. Tourist from other areas can help in growing the economy rate of the country through which they can easily make improvement in their infrastructure (Guitton, 2019).As for the country it is beneficial for them as they are representing their culture and ethics which help their economy. It willincreasetheculturalvalueforthecountryastheircultureisbeing acceptedorpractisedbyforeigntourist,suchsportingeventscreatean legacy of awareness to effective participation in the sports. For an example Tokyo Olympic which was much awaited held in Japan country it benefit the country in their economy rate. Negative impact of global event: Security is the major concern for the event team as if they fail in this it creates negative impact, therefore if a country is hosting a global event they must need to provide security to their visitors otherwise they will not be able to host such events in their future. Also, from the global event many tourist visits the country through which various mode of transportations is being used which cause pollution in the environment. Therefore, event companies must need to provide a sustainable mode of transportation so that it does not cause any problem in the environment (Pesakovic and Ndekugri,2017).
Management strategies to support the event development Strategiescanhelptheeveryeventfortheirgreatevaluation.Forthat purpose event organization must need to implement the strategies which can benefit them in term of increasing their revenues. Such strategies can be described as- First to implement the goals and objectives: Goals are very important as achievement of goals and objectives gives the positivity therefore every event company need to clear their visions and set a desirable goals so that they can work accordingly to accomplish the goals. In planningofanyeventidentificationoftheobjectivessupportstheevent team to accomplish the goals. From the desirable goals and events company are able to estimate the preliminary reach of the event (Khatatbeh, Hani and Abu-Alfoul, 2020). Develop the budget for the event: Creation of the budget for the event allow the event management team to invest wisely and accordingly. For an example for the Olympic event host country estimate their budget they invest accordingly so that they do not face any finance problem they include major participation of the stakeholders so that it will be helpful for them to organize large event Budget mapping is always helpful. Developing the team accordingly: As for the small event manager can manage all the stuff accordingly but as for the large event they have responsibility to equally assign the role to each workersothattheycaneffectivelywork.Therewillbeatransparent communication between the workers and their manager so that they can report their manager effectively also it will help them to work better so that their company can successfully organize the event. Dates of the event: Forthegoodgrowtheventcompaniesneedtoframetheireventearlier beforeconductingtheevent.Thetaskmanagerneedtospecifyallthe
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resourceswhicharerequiredfortheeventtheyneedtosuccessfully evaluate the duties to every worker so that carry out the work on time. Participants: Participants can be in a large number or fewer number event management team must need to check their services before starting a event. Their main concern is to provide the security to the attendees who are present at the event function, they can use the technologies to know the details of the participants as there are netizens or foreigners which helps the event team to effectively construct their event management plan. Selection of the venue: Selection of the venue can majorly shape the strategic planning of the event. For that purpose event company must need to search the possible venues for their event early as there is more rush in event industries therefore company must need to find the venues earlier to protect from the last moment which cause the serious tension and stress. Construct the branding of the event: It is the important part as it gives the visual representation of the event company's can promote their event through digital media or to give the date of the event on websites so that audience shows interest and purchase the tickets for the event. As for the company they really need to build a strong appealingoftheireventsothatitwillgrabtheattentionofthemajor attendees who can play the successive role in the event. All the events has their impact on the environment as for the large event which organise globally can give the negative impact as it involves the large number of attendees which uses various mode of transportation which can cause the pollution in the environment. Hosting company can implement the rules for the visitors to not waste the water or to use the environment friendly things to stop the pollution. Also event company can choose the eco friendly venue or to organise the event outside of the city so that it does not give bad impact on the netizen people, they can also control the noise which
made in the event to protect from any environmental problem (Williams, Rios and Zarasian,2021). CONCLUSION From the above report it is concluded that the event industry differed in size and its dimension. These are generally included varieties of the events whichhavetheirdifferentaspects.Asforthecommunaleventtheyare majorly aimed to support the community such programs includes the active participationofthevariousstakeholders,itinvolvedtheparticipationof communal people it includes the diversification in the event industry which operated according to their dimensions. Report also includes the structured and organized way of the events how it organised locally or globally, it also includes the factors which influenced the creation of event industry both locally and globally. Report further described about the values, impacts and legacyofglobaleventsalongwiththeenvironmentinwhichtheyhave operated.Reportfinallyconcludedwiththereviewedofmanagement strategies which aimed to support the event development which consists of the global event range.
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Smale, D.A. and et.al 2019. Marine heatwaves threaten global biodiversity and the provision of ecosystem services.Nature Climate Change.9(4). pp.306-312. Wiener,A.andet.al2019.GlobalConstitutionalismasagora: Interdisciplinaryencounters,culturalrecognitionandglobal diversity.Global Constitutionalism.8(1). pp.1-11. Williams, T.C., Rios, B. and Zarasian, N., 2021. Evaluating the Underlying Value of Diversity and Inclusion Within Sports Organizations. Zarasian, N., Rios, B. and Williams, T., 2021. Evaluating the Underlying Value of Diversity and Inclusion Within Sports Organizations. Online globalevent,2021.[online].Accessedthrough <https://goglobalevents.com/>.