Prelim Exam Flashcards
It is a time of special importance marked by adherents to the religion. Origin of Events.
Religious Festivities
Key focus for community and celebrations
Traditional Festivals & National Festivals
It is one of the factor that triggers event celebration wherein modern western society events such as anniversaries and achievements are the focus.
Individual Milestone
a gathering of a community or an event which is centered on some theme and held annually or less frequently for a limited period of time.
Festival
is the capability and control of the process of purpose, people and place.
Event Management
A term coined for Happenings with objectives. The prime objective for an event can be strictly defined.
Events
An element of events wherein it pertains to the attendees of the event.
People
An element of events wherein tackles the objective and reason of executing an event.
Purpose
An element of events wherein it focus to the location that will best fit the events.
Place
is an acronym for meetings, incentives, conferences, and exhibitions. These are the different types of events that MICE covers. By nature, MICE is tourism.
MICE
A type of events wherein enormous gatherings of people that share the objective components of faith and feelings, culture, community, ceremony and contact.
Religious Events
A type of events wherein the primary purpose of such events is the celebration or confirmation of culture.
Cultural Events
A type of events wherein often commercial in purpose but they are also about culture and fashion.
Musical Events
A type of events wherein the purpose is contest, challenge and competition but they also involve companionship, camaraderie and colleagues. It can often take the form of a championship, where there are displays of differing skills or prowess depending on the sport.
Sporting Events
A type of events wherein celebrations of special occasions with friends and family are emphasized.
Personal or Private Events
A type of events wherein from annual party political conferences and trade union conferences to events held by specific government departments, these events may be commercial in that they can be costly to organize; but the profit they seek is not financial currency but political change.
Political or Governmental Events
A type of events wherein often involves a whole section of the industry or business. Exhibitions tend to be the most complex type of event within this category since each stand can be regarded as a sub-event, particularly where new products or services are being presented.
Commercial and Business Events
A type of events wherein it involves just one single business, company, corporation or organization. They may include annual conferences, product launches, staff motivation events or awards ceremonies.
Corporate Events
A type of events wherein it is a major provider of employment for event professionals. The alignment of a celebrity and a media channel orchestrated around a worthwhile or for a cause activity can bring forward consumer support, revenue and media attention.
Charity Events
Events Destination Management
Event Tourism and Cultural Tourism
A phenomenon wherein originated in the 1980s; a brand to attract consumers and reassure tourists the promised benefit from the chosen destination.
Event Tourism
It describes tourists who take part in cultural activities while away from their home cities. Wherein it aids travelers to discover heritage sites and cultural monuments on their visits.
Cultural Tourism
Events Event Entrepreneurship
Entrepreneurship and Entrepreneur
is an activity which leads to the creation and management of a new organization designed to pursue a unique and innovative opportunity in the marketplace. Entrepreneurship is what an entrepreneur does.
Entrepreneurship
it is a term wherein someone who undertakes a venture, particularly starting a new business.
Entrepreneur
The trend of buying an existing business and making it more profitable is growing among entrepreneurs. This is particularly popular among displaced workers who are ambitious to become entrepreneurs, and among large corporations which are seeking out specialist small businesses to provide them with innovative products in new markets.Although the advantages of buying a new event business outweigh starting one from scratch, the disadvantages should not be ignored.
Risks associated are lower
Advantages of Buying Existing Event Business
Lower asset costs
Advantages of Buying Existing Event Business
Seller may finance whole/part of the business
Advantages of Buying Existing Event Business
Buyer has clearer idea of the operations
Advantages of Buying Existing Event Business