Table of Contents •Introduction •Impact on Macro environment on global events industry •SWOT analysis •Conclusion •References
Introduction Event Management is a type of project management. It involves studying the brand and developing a concept to strike a connection with its target audience and then launching an event based on the concept. Events can be formal like conferences, concerts, etc. and informal like weddings, festivals, etc. Initially a low key concept, events industry now stands globally on a huge scale. It involves events of many sizes from a simple concert to mega event Olympics (Veal and Burton, 2015).
Impact on Macro environment on global events industry Macro environment refer to the general economic conditions that affect all businesses. •Political factors •Economic factors
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SWOT Analysis SWOT analysis call for analysis of internal and external factors presented for strategy making. London Fashion Week is a brand in itself. SWOT of London Fashion Week: •Strengths •Weaknesses
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Conclusion Events were once personal and privately managed. Now, event management has developed into multi-billion dollar industry. Globalisation has presented it plethora of opportunities while also posing same challenges in its way. . Events can be local which are aimed at community development or global whichaimtobringfocusofeveryonearoundtheglobetothelocal community. Global events create a high value and leaves a long lasting legacy on the environment.
References •Jeong, D., Chun, E. and Ko, E., 2020. Culture and art policy analysis in fashion capitals: New York, London, Seoul, Beijing, and Jakarta. Journal of Global Fashion Marketing.pp.1-19. •Kanzler, M. and Talavera, J., 2018. Public Funding for Film and Audio-Visual Works in Europe: Key Industry Statistics 2010–2014. InHandbook of State Aid for Film(pp. 153-174). Springer, Cham. •Lewis, R., 2017. Pestle.
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