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Key Factors for Successful Development in Good Vibes Ltd

University: Ulster University

  • Unit No: 8
  • Level: Post Graduate/University
  • Pages: 27 / Words 6695
  • Paper Type: Assignment
  • Course Code: BMG350
  • Downloads: 64
Question :

This assessment will cover following questions:

  • Generate the characteristics and role of the entrepreneur in enterprise growth.
  • Generate the internal and external key factors for successful  development of Good Vibes Ltd.
  • Good Vibes Ltd provides all type of event services such as specializing in weddings, private and corporate events. Analyse data and information that relates to business development and effective decision making.
  • Generate Employee functional concepts and operational methods in activities such as production, operations, finance, human resources, sales and marketing.

 

 

Answer :
Organization Selected : Good Vibes Ltd

MAIN BODY

1. INTRODUCTION

The entrepreneurial idea is to be turned into reality so that business may provide effective services and products to people. Good Vibes Ltd is a start-up which will provide customers all type of event services such as specializing in weddings, private and corporate events and linking all events under one roof for providing customer satisfaction in effective manner (Wehba and Ruchti, Medical 2017). In this report, service-events, technology, market environment, competition, industry will be discussed. Moreover, business model, marketing and sales strategy, production requirements, management and personnel requirements will be explained. Furthermore, intellectual property, regulation and environment issues along with risk factors will be enumerated.

2. Service-Events

The services will be provided to people such as online platform will be provided for customers through which they can easily customise their venues and chose right one which suits best as per the pockets of customers (Thomas, Hewlett-Packard Enterprise Development 2017 ). Online platform gives opportunity to customers to customise every aspect of event as per their choice. They can choose colour of tables, chairs, flowers and decorations plus the food which best suits their requirements and pockets. With the use of online technology, customers can see how much venue will cost after finishing customisation option. Online 3D technology will be beneficial for clients which they can avail with regards to mobile app.

The packages will offer superior quality of entertainment, high level of expertise, customisation of whole venue. Moreover, unique venues will be provided, staffing including security will be offered. Thus, it can be said that Good Vibes Ltd will be able to satisfy requirements of each and every client and provide them high level of satisfaction in the best manner possible. Firm will provide services based in the heart of North Coast Area, Stanger and all communities will be offered services in a better manner. Hence, high growth in the market will be accomplished by firm in order to gain market share.

3. Technology

The technology is required to be attained in a better manner. It is needed that technological advancement must be adopted well in advance so that business may be able to attain efficiencies with ease. Good Vibes Ltd will be engaged in organising events all type and all type of technologies are adopted by it for getting the term of Event Tech. Bigger screens will be offered in the event along with it, sound systems will be provided of top quality for easing-off tasks in a better manner. Moreover, for the purpose of security, CCTV cameras will be inscribed which will provide company with higher amount of customer's satisfaction.

Good Vibes Ltd will also use 3D technology mobile app as people will be able to customise the venue as per the choice of colour, chairs, decoration and food. This is quite good for the customers as they will be able to provide higher amount of satisfaction in effective manner. On the other hand, social media channels will be used for marketing events and services in a better way. Moreover, company would use all technical and technological aspect for attaining more quantum of customers in effectual manner.

4. Market environment

The market environment includes all external and internal factors which affects the company up to a major extent with relation to its market operations. The role of industry, parliament, local and national government are considered to be external factors which impacts business (Udoh and et.al., 2017). On the other hand, internal factors like employees, customers are affected as firm's ability to provide services to customers and build stronger relationship in effective manner. This will provide company with higher amount of satisfaction level, however, it will require Good Vibes Ltd to implement strategies to attain good work in effective manner. It can be analysed that for making good amount of profits, both internal and external environment will have to be reach out by firm.

The events' management and promotions industry has become highly competitive in nature and as a result, it can be identified that Good Vibes Ltd will have to implement well-mannered strategies in order to cop up with market environment and as a result, desired objectives will be met quite effectively (Agbim and Eluka, 2018 ). Moreover, it can be analysed that people will be provided with better technological advancement in effectual manner and as a result, efficiency will be attained in a better manner.

5. Competition

There are various companies which are providing similar event management and promotions services which provides clarity that competition is becoming more and more fierce. It is required that distinct strategies must be implemented so that company will be able to accomplish more quantity of profits in the best manner possible. It can be assessed that competition prevails from firms such as Penguin Events, Seven Events Ltd, The Events Company are some of the rivals which are required to be dominated by firm so that good market share may be availed.

In relation to this, for increasing customer loyalty and brand in effective manner, regular advertising will be done so that people may become aware of offerings by company. If firm do not do regular advertising, then it will not be beneficial for company as people would forget about it and may reach to rivals (Rahmani, Doshmanziari, and Asgari, 2018 ). On the other hand, constantly new ideas will be implemented so that up selling may be accomplished in effective manner. While, customised venue concept is unique selling point of company in attaining more customer's base in effectual manner.

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6. Industry

The UK events industry is effectively become highly competitive and is attaining good growth and is forecasted that more profits will be attained by it in near future. It can be analysed that industry has attained good growth and it is estimated that more growth will be accomplished in a better manner. The UK events industry has gone through various changes or trends. The artworks are used in events but are used in more quantum by using more of natural materials for creating artworks so that environment may not be polluted in any manner. The company uses decorations and props out of wood, crystal in effective manner.

On the other hand, it can be assessed that UK events industry is worth £39.1 billion at the end of March 2018. This shows that there is fierce competition in effective manner which will have to cop up by organisation in order to attain profits and good amount of market share in the best manner possible. Moreover, corporate events, sports events, conferences and meetings, exhibition and trade fairs, outdoor events, festival and cultural events are included in the events industry.

7. Business model

The business model is required to be implemented so that firm may be able to attain clarity in a better manner while providing services in effective manner. The direct sales business model is implemented by Good Vibes Ltd which will be offered to customers and they will be required to make payment. It is needed that business will provide direct sales of event in effective manner in which customers would select venue as per their choices and total cost will be ascertained in a better manner.

The direct sales model is useful for company as it will cut-off middleman costs as nothing will be provided with the help of distributors which will save on expenses in effective manner. Moreover, accounts receivable will be less and as a result, firm will be able to attain good liquidity and cash position will be enhanced in a better manner. Thus, it can be said that firm will be able to accomplish more net profits and liquidity position will be enhanced in a better manner. Thus, firm will be able to attain good profits in effective manner with the help of such business model.

8. Marketing and sales strategy

The marketing and sales strategy are provided below-

Product-Good Vibes LTD is a creative event design and management services which will offer unique experiences for the customers and clients in the best way possible. It can be analysed that these services will provide company with higher amount of profits as services will be made available to people in a better manner.

Price-

The price plays crucial role in attracting customers. The firm will opt for pricing strategy which will be based on cost, value, competitive pricing, premium and negotiation so that people may be attracted in a better manner (Abbas and Riaz, 2018 ).

Place-

Place is crucial element in attracting customers in effective manner. It can be analysed that organisation will offer own venues or customised venues will be provided to customers as they come up with their choice in effective manner.

Promotion-

The promotion is another technique for making company aware about event services offered by it. The tools for promotions will be Social Media (Facebook, Instagram, YouTube), Main website and platform, Leaflets, word-by-mouth, Radio Advertise, 3D simulation on our website and app which will attract people in a better manner.

9. Production/operating requirements

The production and operating requirements are one of the important elements in the company so that proper functioning may be done in the best possible manner. The operating requirement is also required in Goods Vibes Ltd so that firm may be able to attain efficiencies. The firm will be able to accomplish results in effective manner by providing goods in a better manner. Weddings decorations, corporate events, birthday parties, festive parties, musical events, private events and all other events will be required so that clients may be satisfied in a better manner. It can be identified that people may be able to attain satisfaction level in a better way.

The customised software will be implemented from which people may be able to chose as per their choice, colours, tables, chairs etc. For successfully, placing order as per venue selected by people, high quality software would be needed (Dholakia and Bhavsar, 2017). The software will be purchased from IT supplier which will comply all options for choosing options available through company in effective manner. It can be analysed that for seamless operations, staff will also contribute to the effectiveness of activities with the help of which, clients would be satisfied quite effectually.

10. Management and personnel requirements

The management and personnel requirements are required for handling events in a proper way. Event Manager will be recruited which would posses high interpersonal skills ( Park, Park and Ezell, 2017 ). He will be liable for planning and organising events for the target market. Moreover, he would also liaise with customers for effectively finding out their exact needs. Proposal for events, negotiating with suppliers regarding contracts will be its main negotiation so that events may be properly organised. Event Coordinator will be selected which would have main task to coordinate and communicate things with clients. Furthermore, he should also be mastered in operating computers as budget would be prepared regarding events organised by Good Vibes Ltd. Thus, coordinating with customers and listening to their needs will be required.

On the other hand, Event Designer will be recruited in the workforce in relation to producing goals as per clients in a better manner. Designing plans with the help of virtual software will be helpful for clarifying requirements of clients. He will be liable for approaching clients, vendors in effective manner. Thus, it can be said that requirements of management and personnels are required for properly listing out ways to attain customer's satisfaction. This will be helpful for providing desired services to customers.

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11. Intellectual property

The intellectual property exists in the event management and promotions industry. It is required that rights may be acquired so that differentiation from rivals may be attained. One of the important intellectual property for Good Vibes Ltd is associated with its identity. Visual identity is significant for firm in differentiating from other property rights in effective manner (Tho, 2018). It needs to be protected under trademark, design, copyright and consumer protection laws. For protecting value and integrity of an event and its intellectual property, person or organisation who wishes to reproduce indicia or images must obtain approval by contacting through Organising Committee or can approach Marketing Manager for requesting permission.

If in case, images are utilised without authorisation, messages may be retracted, goods and materials may be confiscated and fined as well. This means that Good Vibes Ltd will be able to attain protection from anybody copying its identity. It includes two parts such as indicia (words) and images (logos, designs). These both will be of much importance to company as it affects its brand image up to a major extent. Thus, it can be said that due to effect of intellectual property rights, it will add value to company's offerings.

12. Regulation/Environment issues

The environment issues are to be complied with by company as it will have major impact on its operations. The environmental impacts with relation to events are traffic, usage of materials, energy consumption, water consumption, food and drink, noise and waste ( Bibi and et.al., 2017 ). In relation to this, it is required that these are complied in a better manner so that sustainability may be maintained and events may be effectively organised leading to no interruptions in activities of firm. The government of enacted that in outdoor events, planning and use of event location is responsibility of management personnels so as to manage area.

It includes that event does not contaminate soil, no vulnerable vegetation in the area. Moreover, in events no heavy vehicles are used especially in soft surfaces. This would prevent negative impact on environment. The regulations are to be followed as listed by government for organising events. The event location must remain cleaned which is the duty of subcontractors, vendors arranging food and employees should kept in mind that no unsuitable things may be poured making ground infertile. Thus, all these environmental issues will have to kept in mind by Good Vibes Ltd so that it may be able to enhance its operational activities.

13. Critical risk factors

The business start-up has various risks which are to be attained by managing risks in effective way so as to mitigate risks. One of the major risk is that poor time management. It is significant that funds may be invested in right place at the right time. However, due to less time and lack of resources, wrong investment could be made affecting overall efficiencies of business. It could be resolved or mitigated by properly scheduling things. Maintaining schedules in accordance to priority task will be beneficial for company quite effectually (Event intellectual property rights, 2018 ). It is required that goods and services may be provided to clients so that efficiencies may be attained.

Another risk factor is that competition prevails in the market as events industry of UK has becoming really competitive up to a major extent. The risk could be mitigated by properly forming strategies so as to market services quite effectually. It can be said that business may be able to accomplish an edge over its competitors. Thus, Good Vibes Ltd will be able to succeed in market by properly formulating strategies and attaining desired share in market by satisfying clients.

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REFLECTION REPORT 1

Market analysis

Event management is application of project management as it also works as to creation and development of large scale events such as festival, ceremonies, conferences, weddings, formal parties and concerts and convention. It is coordinated efforts in terms to conduct the proper planning organizing and executing the events in the proper manner. Event management will be considered and described as things as planning, organizing and to have effective use of all kind of event resources in order to meet the specific goal and objective of the events. I have conducted the market analysis so that I can do the things in better and efficient mode. By conducting the proper research of market and to analyze the potential customer I can able to work in more better and effective mode. In this, conduct the event manager activities with the help of undergo in business activities as to take better market analysis.

The CRP(corporate retreat professionals) is the process that work as to collect the information regarding the typical customer. It will be inclusive of customer needs, general circumstances with the help of which need can be arise and difficulties that can be faced by the customers in order to satisfy the needs and wants of the customers. This is the information that will be helpful to create the better brand image and working can be done in the most proficient mode. It creates the best communication channels so that need to the customer can be satisfied.

The marketing is the critical component to develop the sufficient things as to achieve the profitability in market. In order to the all things effectively, there is need to conduct the basic marketing plan and it is the competent service provider that offers the high quality event planning at the nominal price so that each things can be conducted in better and efficient mode. Being the good manager under event there is need to coordinate and execute all the facets of meeting and event in better mode. In order to run business plan activities properly there is need to conduct the comprehensive market analysis because its need to be considered as business before setting up event planning business. Event management is the team effort and it can be tied to any one individual. I also have taken the various efforts in term to conduct the business activities in the better mode. I am practicing towards event management activities of Good vibes Ltd. It works as to provide creative event design, management services and offering unique experience to the customers.

In order to promote the business activities I will use the number of tool as social media so that the offer and services can be promoted in better manner. In this event plan, I provide the online customized services to the customer so that they can organize their event as per their willingness. In order to promote it I also provide the facilities to choose their products and services as per their choice so that customer can have better and effective services.

I have chosen the pricing strategy and it was based on cost, value, competitive pricing, premium and negotiation. Thus, the enterprise need to provide the better and effective physical environment so that all things can be organize and production can be done in effective deign manner. In order to be competitive with the customer I have decided to be do regular advertising so that new ideas and up selling can promote the better services to the customers. I also came with the number of the innovative ideas so that my services can attracts the customers. In this business, I have realized that event management company is totally based on creativity. Thus, engaging the more person will allow you to brainstorm the ideas so that each thing can be carried out in the better manner. With the help of strong management, organization, budget and creative skill it can be possible to plan out the each things in the planned manner.

At the time of booking any event I start to conduct my activity as to meeting with the client and works as to collect the information about the vision and purpose of organizing the event. Then, I or towards identifying the needs and wants of the customers. I let the client know about the product, services and offers so that I can able to provide that services and this will help me to satisfy the client. I must say that the successful event managers is the person who jas excellent organization skill, interpersonal skill and multitasking skill so that I can do the each thing in the better mode.

On the other hand, it can be said that the event planning can be a very successful job but will the help of making the effective communication with other there will be facility top do the thing in much more better manner. I use to work as to understanding the importance of wedding reception, corporate sales meeting or any kind of product launch. I use to analyze the each need of the customer so that I cam make myself able to provide the better services to the customers. To bring the better and more effective services or to support the staff I work as to formed help desk so that every one can resolve their conflicts over their. In the present scenario, changes in the technologies playing the crucial role and it is still more Challenge so that each thing can be organized effectively.

The number of the activities as are managing the staff, catering liaison and other valuable things must be conducted in the better manner so that the value of the event can be enhanced and customer can be attracted towards it. I must say that by providing the high quality service, entertainment, experienced and skilled technical staff all are ready to do the things in the proper manner. Under this, by the use of audiovisual techniques and people in the industry the main goal is to create the events in the better mode will all help to create the long lasting impression in front of customer.

REFLECTION REPORT 2

Marketing and sales strategies

The event management team closely work as to build good public relations so that I can handle the clients at the various location and manager the each things in better and organized manner. In order to have the sustainability of the enterprise I must work as to frequently handle the clients and to put the major consideration over the geographical areas. The main responsibility of event planner is to be involved into the keeping the track of time during the events and ensures the proper set up as established by the clients.

In order to get the succeed in the event management company I use the highest quality sound system and integrated, attractive and better lightning system and also works as to perform the each things in the innovative manner by the use of better technical advancement so that things can be dine in the better and efficient mode. Event management is the coordinate efforts and it work as to do the things in the better manner. It also has faced the number of obstacles at the time of managing the event and this affect the brand image of the enterprise. In order to set up the better working I need to organize the my team in the systematic so that I can do the each thing in the better and efficient mode. I also need to focus on developing the relations with the number of people so that I can conduct the things in the better mode. Thus, event companies has the wide contacts and its directly links with the suppliers, technicians, performers and more. This all kind of the thing will be helpful to get the better deals so that I can conduct the things in much better way.

I must say that there are many types of events organized by our firm Good vibes Ltd. There are many type of religion, sex, age, education, income and all types of events can be organized in the well and effectively manner. The main aim is that the customers who are taking the services for the first time they must provide the better experience so that they can able to be loyal with the services. In order to promote the business activities in the better I take the use of the various technical products so that the security, CCTV cameras will in provide with higher amount of customer satisfaction. Thus, I have the use external and internal market factors so that I can analyze the market condition in the well manner so that the product and services can be provided to the customer in much better manner.

In addition to this, it can be said that event management company is highly competitive and pro-motive industry with the the use of better technical advancement the all of the things can be done in better mode. Thus, I have faced the lot of challenges at the time of being competitive in the market because there are many companies who works as to face the fierce competition. The UK event industry is highly competitive and there is essential to have long term growth and the things must be forecast in better and efficient mode. It must be analyzed so that customer can have better services and with help of it there is possibility to get the competitive advantage in market.

The business model must be implemented in the better so that there is possibility to provide the better and efficient services to the customers. In addition to it, it is responsibility of firm to provide better and creative event design and management services that can offer unique value experience to the customers. Thus, it can be said that the price plays the one of the most crucial role in terms to attract the customers. I have used the pricing strategy and that will be based on the things as are cost, competitive pricing, value, negotiation and premium so that the people can get attracted towards it. I have used the different promotional technique so that I can able to aware the customer about the products and services and they are able to do their services in proficient and efficient mode.

Being the event planner I have realized that communication is one of the most essential aspects and with the help of being successful in event management the all things can be successful. By improving the thing as to know how there must be speak and communicate with the people in timely and effective manner. It must be improvised and although it takes time and practice and by the use of better traits the all things can be achieved and effective services can be provided. Being the event planner I also have frame the communication plan so that there can have clear expectation of the task and this will help to enhance productivity. I must say that effective communication method assists to creates the sense of cohesion and reciprocal respect with the help of continued interaction so that all things can be done in systematic mode.

Being the good event manager I must work as to listen the queries of the customers so that I can conduct the event activities in the better and efficient mode. I must say that in order to get succeed in the event managing companies it is essential to enlarge the team so that in the time of season there will be possibility to organize the each event in the proper by making the better coordination. Thus, the creative and better management will always help to do the business activities in the proper and systematic manner.

REFLECTION REPORT 3

Managing and operations

The event manager has to come up with the new ideas so that by organizing the each things in energetic manner and after that turning them to the magical moment will be helpful in order to develop the event activities in better and effective manner. In this, I have worked toward managing and organizing the event successfully in the market. In order to make it effective I put the major consideration over the understanding about importance of wedding reception, corporate events and various other functions. To make it effective I need to organize the each things as per decided menu and needs. Thus, managing and organizing the event is one of the most crucial task and the success of the all the things will be depends on the needs of the customers so that each things can be done in the better mode. Thus, there are different nature of the events as casual, formal, professional and romantic.

Thus, in order to make it effective it is essential to establish the goal and objective so that the things can be achieved in better mode. In addition to this, it can be said that setting the goals with the help of quantifiable metrics of success will be easier to do the things in better mode. In order to organize the team there must be formation of the team so that each person can handle there functions. Being the team leader of the managing and organizing the event activities there are core departments as venue management, speakers, entertainment and publicity. I worked as to conduct the things in better mode so that I can work as to evaluate the each things in the better mode. To become successful it is essential to manage the each things by satisfying the needs and wants of the customers and this will be helpful in order to create the brand image of Good vibes limited in the market. It is essential to lead the team successfully by dividing the each work in the proper hand. The event will be managed in the following manner as to selecting, contracting and communicating the each activities effectively. In addition to this, it can be said I work as to coordinating the designs and products of all adverting material as determine and this is also inclusive of the services as data post cards, invitation brochures and posters.

BY identifying the target audience, this is conduct by my other partner under market analysis. With help of it I came to know about the generating the list of emails and by coordinate the each things in the better way I can work as to gain the success in the market.

Thus, all possible expenses, incomes, sponsors and contingent expenses will be helpful in order do the things with proper budgeting. I always keep in my mind that the event so not run smoothly in market. With help of having experience people in terms to managing the team can able to promote and create the better ideas. In order to conduct the task, I need to work as to analyses that which kind of task will be governed by the large team and which task can be done by the use of software and other things. Being the team leader of managing and organizing the team, I worked as to select the right staff so that they can better experience and will be eligible to conduct the event activities properly. I must say that by building the right team there can be possibilities to take each activities in the better mode.

Thus, to ensure the team efficiency every team member must have idea about the mission of the event and they work as aware of the goals. In the process of event, I came to know about the various challenges as time issues, taste issues and poor coordination among the team staff all leads to create the barrier to the team activities and this affects the working of the team in the huge context. IN addition to this, by providing the feedback to team performance I became able to take the proper evaluation about the things and conducted the each things in more sophisticated manner. I also realized that poor communication and lack of understanding can impact over the great team structure. Before rendering nay services to the customer it is essential to have the use of digital tools to maintain the meaningful dialog. At the time of organizing the event I work as to make the better coordination with the each team member and conduct the each thing in better mode. The management of payments from the customers and budgeting the separated category of task and automated event management platform is great solution in order to minimizing the involvement of the team without damaging the success of the event in market. Furthermore, to develop event team successfully and better plan of assists to maintain and conduct the activities effectively. Thus, the personal relationship with the team members will also be helpful in order to understand the exactly strength and weakness of team members. Under it, changes are need to be accepted so that all things can be done in better mode. In addition to this, teamwork can be more of really fun and it also come with the exiting ideas. With the help of it there can be more development in the business activities as well the team group so that fresh idea can encourage the team member and they all conduct the business activities in the m ore successful manner. Being the team leader, I always focus over to create the better atmosphere sio that people can enjoy working on fun, performed collaboratively and in hard working manner so that there can be facility to develop the best quality culture. Thus, event planning is one of the complex task in order to perform it better manner there is need to conduct the each in the better and creative approach. To perform the team in better manner there is need to set the goals and objectives so that successful events can be organized and all the things can be done in the better mode. This will lead to gain competitive advantage in market.

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REFLECTION REPORT 4

Planning and execution

To make the event activities successful, it is essential to frame better planning so that execution can be done in the systematic mode. The better strategies will aids to collect the depth information and it work towards maximize the revenue. Furthermore, delegation will assist in streamlining their event planning and event management process. I work as to conduct the event planning in manner as there can be possibility to have successful execution. Thus, it can be said that creation of the customized event planning will help you to set the target with clear direction so that better results can be achieved. Thus, it will also assist to provide depth information by coordinating and creating the customized event planning checklist so it will helps to target the customer with the clear direction. Event objectives are the way to measure the event goals so that this all can be successfully meet. In order to succeed the event I work as to analyze the each thing in the better mode so that the aims and objectives can be developed. The event themes creates buzz. Moreover, the themed invitation and social media posts create the eager anticipation and this set the future event successfully. I feel that event planning is exciting process as we use to undergo from various process lot of knowledge can be expanded yet it is also complicated one. I use to conduct the event planning in following presented manner as are-

  1. Being the team leader of planning and execution of the event, I work as to meet the client and to use to get the better understanding about purpose of the events. Thus, I also works as to organize the event successfully.
  2. I also works as to analyze the needs and wants of the customers so that I can organize the each thing in better mode. I work as to arrange the all planning activities so that each thing can be incorporated in better mode. Better services at the timely manner will leads to organize the each things in much better mode.
  3. In order to provide the better services I also works as to conduct the analysis of the current product and services in market. This will help me to lead and identify needs and wants of customers. The better and attractive event provoke future recall of the event.
  4. I must say that better planning of marketing activities will creates the buzz, builds anticipation and guarantees a good turnout. Thus, running of the digital marketing campaign in a channel line Facebook come with things as dates, analytic and budget. I also make one checklist of need of the customers so that all things can be checked and the good services affects the guest experience. The checklist will not only help to manage the task but it also allows to track the result so that each things can be done in better mode.
  5. I say that to plan a corporate event in the successful manner I can work as to generate the excitement form attendees and building up the event in the successful manner. I see number of the best organize who works as to use the channels like email marketing, community building and content creation so that there can be excite attendees that leading up the event in better mode.
  6. By keeping the goals in mind, preparing the marketing content such as to frame the event schedule, speaker list and the key message to highlight so that thins kind of planning attracts organizer of the event and successful managing the all activities leads to enhance the brand image of the Good vibes limited.
  7. At the last, I make the expenses list so that I can analyze the total budget for the event and can handover this list to organizer of the event and this will help us to conduct the better evaluation of all the planned activities.
  8. After above all, there is need to decide and determine the day, time and venue and it can be like putting puzzle pieces together. The arrangement relates to catering will all need to organize so that better planning and effective working leads to gain competitive advantage.

Hence, to conduct the proper planning I also works as to divide the whole team in better division and to assign the task so that they all works in the better strategical manner. This all leads to organize the event activities in the better mode. However, I must say that it is a;ways essential to have the good content management plan of the event before moving towards the next step to create the event. Thus, I must say that to frame the event activities in better mode it is essential to have the need of two things as to plan and not quiet enough time.

REFERENCES

  • Wehba, S.R. and Ruchti, T.L., ICU Medical Inc, 2017. System and method for configuring a rule set for medical event management and responses. U.S. Patent 9,604,000.
  • Thomas, J.D., Hewlett-Packard Enterprise Development LP, 2017. Business process managment. U.S. Patent Application 15/113,257.
  • Udoh, S.S and et.al., 2017. Discrete event based hybrid framework for petroleum products pipeline activities classification. Artificial Intelligence Research. 6(2). p.39.
  • Rahmani, R., Doshmanziari, E. and Asgari, N., 2018. The Relationship Between Implementing Knowledge Management Practices in on-the-Job Training and Developing Professional Skills of Oil Industry Employees. J. Mgmt. & Sustainability. 8. p.137.
  • Agbim, K.C. and Eluka, J., 2018. Social network and family business internationalization in South Eastern Nigeria. Journal of Accounting, Business and Finance Research. 3(2). pp.64-74.
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