Pem Unit 5 Principles of Event Management
Pem Unit 5 Principles of Event Management
UNIT 5
CORPORATE EVENTS
Meaning and definition
A corporate event can be defined as- Agathering that is sponsored by a
business for its employees, business partners, clients and/or prospective
client.These events can be for largest audiences such as conventions or
smaller events like conferences, meetings or holiday parties.
Corporate events are private events held by corporations or business firms
for their staff, clients or stakeholders. These events can be for larger
audiences such as conventions and conferences, or smaller events such as
retreats, holiday parties or even private concerts.
Popular types of corporate events
1. Seminars and conferences
Description: Executive retreats and incentives trips typically last between three
and five days and require attention to site selection, lodging,transportation,
catering,business meetings, and golf and other activities.Negotiation skills must be
sharp because these programs involve all aspects planning.
4. Sports / Golf events
Purpose:One favourite event at every organization is to hold its annual sports /
golf outing.Relationship management is the primary objective;however,business
content must always drive event planning, not the other way around.
5. Appreciation Events
Purpose: These programs allow an event host to spend informal time with its
guests in a non-traditional environmental, giving both parties an opportunity
to build a rapport and learn more about mutual business priorities.
Appreciation events can range from programs geared toward employee
appreciation to those for showings clients’ appreciation,
Description:There are limitless possibilities and types of appreciation events
that organization hold throughout the year.Common programs include:
(1)Dinner and theatre,(2)Day at the race trace ,(3) suites at sporting arenas,
(4) Day and evenings cruises,(5)Private parties at music festivals,(6)Holiday
parties,(7)Tickets to the most popular events in town.
6. Company or organization milestones
Purpose:Company milestone provides a business or organization the opportunity
to celebrate a grand opening or other major milestone or anniversary.
Description:Company milestone events vary significantly in their execution, but
tend to follow similar programs as employer and clients appreciation events .These
types of events tend to be celebratory in nature and can be limited to company
employees on the company’s size and importance in the community.
7. Team Building Events
Purpose: Team building events are meant to build upon the company’s strengths
while building employee confidence, goodwill, and morale.Team buildings events
also provide the unique opportunity for employees to spend time together in a non-
work environment working together to solve puzzles and complete activities. Team
buildings events are meant to do just in buildings strongest teams.
Description:Corporate team buildings events have been epitomized by
outdoor and physical group activities.In fact, there are companies all around
the nation that specialize in hosting team buildings events indoor and
outdoor courses.Team buildings vents can also focus on other types of team
buildings activities from workshops to sensitivity trainings.
8. Product launch events
* Provide speakers with good information so they give you what you want.
9. Sound quality: If the event manager has arranged for really good speakers
for this event but there is no proper sound quality arrangements made, the
entire event will be disturbed and the people will not like it nor really enjoy it.
10. Conference room design: If there are initial meetings to be held by the
directors of the company and important VIP’s, it has to be arranged by the
event manager in separate conference rooms. The event manager must
personally go to these rooms and have a check whether it will be sufficient to
conduct the conference or not. If not he can make alternative arrangements.
11. Technology: There are no events in the current trend where no
technology is used. The event manager makes use of power point
presentations and other forms of technology to add life to his event. Event
manager must be well upgradable and equipped in, changing trend.
environment to be safe and sound failing which they will not want to come for the event.
A safe environment must be organized for the people who have come in, to
attend our event.
26. Security arrangements: Arrangements of good and full on security should
be provided to high profile celebrities.
27. Electricity arrangements: Proper electricity arrangements need to be
taken care by the event manager. In case of absence of electricity UPS
arrangements have to be made.
28. Water arrangements: During the event apart from beverages, hygienic
water must be provided.
29. Traffic management arrangements: On the day of the event if any VIP’s are
attending, in an around the event area traffic should be maintained well in advance.
30. Parking arrangements: Proper parking arrangements must be made on
the day of the event.
31. Street closure: If the street in an around should be closed, necessary
permissions must be taken by the event manager.
32. Waste and environmental arrangements: after the event the work of the
event manager does not come to an end. He has to give directions to clear of
all the wastes and keep the place and surroundings clean. Event manager
should have a waste disposal strategy, or a plan for disposing waste.
33. Cleaning arrangements: Proper and timely cleaning must be done
regularly during and after the event. If all these arrangements, planning to be
made well in advance and in a proper way, all things will go on smoothly and
the event will definitely be successful.
PLANNING OF CORPORATE EVENTS
1. Conceptualize big idea with a theme:
Whether, the corporate event manage is doing a cocktail party, a workshop or
the company picnic, setting a theme gives the tone of the event and gives
him a starting point when picking food, music, decor and more. He should
make sure that the theme is appropriate to the crowd for which is planned. A
large variety of theme ideas can be got online.
2. Guest list creation:
Deciding the ideal guest will depend on the goals. Potential clients,
community leaders , employees, other business leaders, current customers
and clients. After determining the target guest, he should create a reason for
the guests to attend. Well-known speakers, sneak peeks of new launches.
3. Determination of budget:
The corporate event manager must have a realistic idea of what it will cost to host an
event. He should not reserve a venue or choose vendors without finalizing this
important number. Depending on it budget can be allocated to each category. The main
categories would be venue, food, decor, entertainment. Other categories would be
hotels, transportation and parking rentals, a/v, stationery and design and insurance.
4. Selection of date and day:
While looking at possible dates, one check the calendar to also look at holidays,
local events, sporting events and scheduling conflicts of your companies’ leaders.
5. Choice of location:
The first criteria are to make a list of venues that are available, fit the budget
and have the space for guest count. Even more important is that he should
find a location that creates the style and feel for the event that matches the
desired goals. The theme and colors should complement the venue
6. Decide on promotion and tickets:
Depending on the goal of the event, the manager may want to create a
promotion committee to raise awareness and increase attendance. Along
with promotions, deciding on a marketing strategy as well as possible thank-
gifts and swag for attendees can be added. Ticket sales may also be a part of
the plan if the goal is to raise money for a non profit cause.
Ex. If event manager can bring in his own caterer, he should start meeting with
potential vendors to taste their food and determine their pricing. He should
determine the venue requires him to bring in outside security for the event. This not
only protects from liability, but this can help keep outsiders from crashing into the
party. He must look to hire a licensed bartender if the facility cannot provide one. He
should find out if the venue can provide decorations or if he has to supply his own.
Some facilities have a wide variety of items that he can use such as candles, mirrors
to set on the table, glass jars, etc. So if he can take advantage of anything being
provided for free, he can save quite a bit on his budget.
9. Determine the menu with caterer or facility:
Event manager should determine the timing and manner of serving. Will it be
a buffet or a sit-down, plated meal? Is he doing appetizers ahead of time,
and/ or considering a dessert bar later in the evening? He has to iron out the
exact details and timing so that his guests don’t go hungry at any point.
10. Sign contract with vendors:
This has to be done to and make sure that they provide him with a copy of the contract.
BUDGETING OF AN EVENT
Planning a corporate event can be complicated, and there is much to prepare and
coordinate to ensure that event is successful. One of the biggest concerns is
keeping within a set budget, and realizing a satisfactory return on investment. The
corporate event manager can prepare a workable budget for their corporate event,
and to ensure that their financial investment does not go unrewarded. It includes-
1. Basic Expenditures
The first step in preparing a budget for any corporate event is to identify
basic expenditures. While this may seem roughly obvious, without a definite
outline of expenditures it is all too easy to run over budget at the last minute.
Basic expenditure should include the following:
2. Estimate catering costs: This includes all food and beverages charges,
including tips and gratuities which can account for up to 30%.
3. Document transportation charges: This includes shuttles, coaches, event
transfers, and any related expenses.
4. Add decor expenses: Most events include expenses for decor, such as
centrepieces, floral, tent rentals, etc.
5. Document entertainment & equipment fees: common expenses in this
category include the A/V equipment, but it’s also a good spot to list
honorariums to speakers or if the manager is hiring entertainers.
6. Summarize printing charges: Several small item charges actually combine to
make a larger expenses line item. These include invitations, name badges,
program booklets, event signage and banners.
7. Line items for gifts: The event manager should never allow a guest to leave
empty handed. So, whatever gift or gifts he provides, he should track the
cost for them separately.
8. Identify activities expenses: If the event includes activities such as golfing, tennis, spa,
rafting, biking, or other activities, he has to make a note of the cost of fees separately.
9. Post other expenses: If expenses doesn’t fall into any of the above categories, the
manager can list them as a miscellaneous expenses item here.
10. Give yourself a contingency fund category: Depending on the size or
complexity of an event. Despite the best planning, charges will exceed so the
corporate event manager must plan well in advance.
11. Summarize projected expenses: As the manager builds his event program,
he will have a good projection of the total expenses. This is the information
that can be shared with the event client to make sure they are aware of the
event budget so that later there aren’t any surprises later on.
12. Summarize actual expenses: This happens after the event concluded. The event
manager should subtotal the invoices into the above 10 categories and document
the actual budget. If extremely favourable, he should identify savings in actual
budget vs. the projected budget, demonstrating the value-add.
SECURITY PLAN:
The security plan for the guests and participants in corporate events must be:
3. Health and safety of the staff- All the staff who are involved in the event must
be given proper safety measure as they are the main people of the company.
4. Security of the premises,Equipments, Cash etc.-The place where the
event is running must be covered with full proof security .Any equipments
if used must be safe and secure.
5. Communications(Meetings,Reportingrelations, Emergencyreporting
relationships,Communication methods)-Any emergency cases must be
immediately reported to the event manager so that it can be resolved at
the earliest. 6. Emergency access and emergency management-In case of
emergency requirements the problems must be solved then and there for
the smooth running of the event.
7. First aid –Accidents in any occur in the event, proper first aid must be
provided and the problem must be solved on the spot, without causing
serious harms to the person.
Creating a Blueprint:
Blue print can assistant the corporate event manager in sites selection, music
menu development,audio/visual equipment, and entertainment ,allowing him to
create memorable event experiences that yield success.
Blueprint for Event planning success
1. Develop strategies for success.
A) Make sure the purpose for the event is important enough to merit the time and
expense needed to properly stages, publicize and evaluate the event.
B) Carefully match the type of event that is selected to the purpose that it servers.
4. Secure the venue: If the event is hosted on campus of office, the event
may be free of charge, if the event is being hosted off campus; there are a
few more steps to be taken.
A)Secure the venue well before the event for the best choice in availability
.Some venues book up to years in advance.
B) Look into venues that work with the budget that is created .Corporate
events manager should not waste time looking at space you can’t afford.
C) Choose a venue that can hold the estimated capacity.
D)Location of the event is important .The corporate event manager look at
the proximity of where the venue is located in comparison to where your
attendees will be coming from.
E) He should read any contracts in their entirety before he sign. Ask
questions if he does not understand the wordings.
5. Create Publicity and promotional items:
The ways to publicize the events are endless.A few favourites include:
A) Teaming up with boardcast departments o create a promotional video.
It can be played at upcoming events or shared via social media.
B) Speaking to journalism, business and ad/ marketing classes.
C) Reaching out to on – campus media.
executing a corporate.
7.Create a budget:
The objective is to provide event planners with a financial blueprint.The budget
should be specified, and include revenue opportunities (sponsorship, ticket
sales, donations. Concession sales) as well as expenses printings, permits,
insurance, speakers, food, supplies, security) .
8.Plan publicity:
Promoting a special event takes creative thinking balanced with
practically.The primary objective is to public the event, but secondary
objective should be considered.
A) Are you trying to inform,educate or entertain?
B) Increase awareness or attendance of the event?
C) Build a base support from a specified audience?
10. Mentalists -They can engage your audience with super natural mind reading
and memory stunts.
11. Strolling, Roving or Atmosphere Entertainers-They include magicians,
musicians, human statues, fortune tellers etc.
12. The Non Entertainer Forms of Corporate Event Activities-(photo both, video
written in plain English,but this section can include jargon from any industry.
5) Conclusion.
This is where everything comes together. Keep this section free of jargon
as most people will read the summary and conclusion.
6) Recommendations.
This is what needs to be done. In plain English,explain your
recommendations, putting them in order of priority.
7) Appendices.
This includes information that the experts in the field will read.It have all
QUESTIONS
Section A(2m)
Q1. State the meaning of corporate events
Q2. What is a corporate blue print?
Q3. List any 4 types of corporate events.
Q4. State any 4 corporate events entertainment ideas.
Section B (6m)
Q1. Explain the steps involved in creating a blue print for corporate events.
Q2. What are the safety and security measures to be undertaken in planning
corporate events?
Q3. Explain briefly importance of corporate entertainment
Q4. Write a brief note on corporate event reporting.
Section C (14m)
Q1. What are the arrangements to be done while planning a corporate event? Explain
1.
a) What is the meaning of event?
b) What are the methods of record keeping?
c) What is an event management plan?
d) What are utilities?
e) What is a planning schedule?
f) What is the meaning of checklist?
g) What is a corporate blue print?
9. What are the permissions, licenses and policies required for planning