What is Event Management?
Event management consists of all the activities related to running and coordinating any type of private or corporate events, such as conferences, exhibitions, trade shows, fashion shows, product launches, training events, networking events, etc. Event management includes several stages: event design, planning, coordination, execution, follow-up, and evaluation. Common event management activities include planning, budgeting, scheduling, selecting venues and vendors, coordinating event production, contracting speakers or entertainers, and planning the event decor. Some companies organize their own events, whereas others outsource event management companies or PR agencies.
Are you hosting a networking event for companies in your industry? Will you be organizing an international conference? Are you planning for the annual party where you will be giving public recognition to your best staff? Event managers can help you create events of all sizes, for any kind of audience. Will you be launching a new product line soon? If so, you will need a professional launch event that showcases the qualities of your products. Are you already thinking about your next fashion show? An experienced event manager can help you design and plan it, from A to Z.
Event management companies rely on seasoned event managers, a large network of suppliers and vendors, as well as event marketing skills. As such, event management companies help you save time and money, while offering you and your guests a flawless experience. By working with an event manager, you will be able to reclaim your time and use it on other important projects. Also, by letting a professional event manager apply their best skills to your event, you will demonstrate your companys commitment to the values of professionalism and effectiveness.
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Business Learning Terms
Brands + Relationships
Bring to mind the relationships in your life: friends, family, significant others, classmates, co-workers. The word relationship is rooted in the word relate: to connect, to form association. Brands want to connect with consumers. As the brands primary communication channel, advertising facilitates this connection. A single ad can start a conversation with a consumer, which can lead to a relationship. Yes, advertising is that powerful! Advertising opens a channel between consumer and brand in hopes of connecting them.
Source: Professor Coal. Consumer Behavior and Advertising. evaeva. Boundless, 06 Jul. 2016. Retrieved 14 Aug. 2016 from https://www.boundless.com/users/353523/textbooks/evaeva/understanding-the-consumer-the-planning-process-527/understanding-the-consumer-the-planning-process-528/consumer-behavior-and-advertising-530-18077/
Source: Professor Coal. Understanding The Consumer + The Planning Process. evaeva. Boundless, 11 Aug. 2016. Retrieved 14 Aug. 2016 from https://www.boundless.com/users/353523/textbooks/evaeva/understanding-the-consumer-the-planning-process-527/understanding-the-consumer-the-planning-process-528/understanding-the-consumer-the-planning-process-529-18076/
Cereal: A Love Story
Take yourself out this scenario and place a young woman in that cereal aisle. What do we know about this consumer? Well, Jane is a 25-34, college educated, early career, office worker, no kids, dating or recently married. She likes cereal in the morning but sometimes eats it for dinner if she works late. Staying fit is important to her but she likes to indulge in healthy sweets. She prefers brands with philanthropic models that minimize their packaging and dont test on animals. She likes to grocery shop once every two weeks in order to reduce the number of trips to the store.
So, which of the above characteristics is going to help her decide on a cereal brand?
Lets divide them into two categories:
1. Demographic characteristics Statistical data about people that helps us segment large groups into smaller groups based on: age, ethnicity, gender, income, family size, geographic location
2. Psychographic characteristics Consumer preferences, values and feelings that motivate their choices, behaviors and habits.
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