Question

In: Economics

How difficult is it succeed in event management? How can you find a balance in the...

How difficult is it succeed in event management? How can you find a balance in the types of events (Meeting and Conferences). What is the most important thing about it?


Solutions

Expert Solution

Event management is a process of using business management and organizational skills to visualize, plan and execute social and business functions and events. People who had specialized in event management work with budgets, schedules, and vendors to create best possible events for their clients.Most of the companies use event management firms to coordinate their important meetings and other events.Event planners are of different job titles, but themin function of their work all falls within the principle of event management. The work involved in event management are planning, executing and evaluating corporate, association, nonprofit, government, and social events.Event management also requires strong organizational, budgeting and creative skills.

An event manager has to start planning an event by making a meeting with the client and collecting all information about the client's vision of the event. The event manager and the client will develop an event budget and discuss the overall concept or theme.Once the budget is decided, the event manager will finalize the concept for the event, work to line up a location and vendors, and obtain any necessary permissions, permits, and insurance.All the properties required for event are coordinated by the event management team with the client to engage them.On the day of the event, the event management team will be there  to run the event and handle the problems that arise. After the event, the team will wrap up remaining things and get feedback from the client.


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