Event Management Essay Example | Topics and Well Written Essays - 2250 words

Event Management - Essay Example A. Evaluate the current level of understanding of Events Impact and Events Stakeholder Management and how it integrates into the events management process (EMP). Table of Contents Introduction 3 Event Impacts 3 Significance of Culture and Time in Mega Events 7 Event Stakeholder Management 8 Event Management Process 9 Conclusion 12 References 13 Introduction Event management is fundamentally described as the appliance of a significant tool i.e. project management towards the generation and advancement of various types of festivals, conferences as well as events. The study related to event management comprises different valuable aspects that include determining the intricacies of a brand, assessing the target audience, pointing out the concept of the event, planning for logistics as well as coordinating various technical aspects prior to the launch of any event. An event manager has a greater role to play in the context of any major event. It becomes significant for the event manager t o consider the influences of an event all through implementing an effective planning process. Event impacts also capture the minds of the organisational members along with the policy makers for evaluating public expenditure on events and to assess any negative externalities (Damster & Tassiopoulos, 2006). This discussion intends to evaluate the current understanding level of events impact and events stakeholder management and how it integrates into the events management process (EMP). Event Impacts The study related to event impacts have been arrived by the requirement to test the positive as well as negative influences of holding an event for the purpose of justifying public spending on events (Faulkner & et. Al., 2003). The positive as well as negative influences can be observed at the time of conducting an event. The impact of event might be felt by numerous stakeholders along with the participants, local businesses as well as host community. There are different ways in which the event is likely to impact. The various areas upon which event are likely to impact include physical infrastructure, environmental, economic as well as tourism impacts, image enhancements and urban renewal. The inspirational power of any sporting event which further tends to be stimulated by media reach recommends the fact that they can be a useful tool in developing the interests of the people towards involvement in sports. It can be affirmed that the perception of an organiser relating to the socio-economic impacts of the festivals along with other special events tends to possess four main domains such as economic benefits, community cohesiveness, social incentives as well as social costs (Gursoy & et. al., 2004). It can be revealed that the positive inflows of revenues into the country cannot be considered as the only factor towards recognising the success of an event. The negative social influence related to an event can lead to greater damages to the future of an event and the ecological influence might also lead towards premature death of any poorly administered event (Janeczko & et. Al., 2010). It can be identified that an event tends to initiate seasonality of tourism in a particular region. It also assists in evenly distributing the flow of money into a region, escalating the scope for full-time employment. The factors that may lead towards successful event might comprise several imperative factors such as escalating visitors’