Industry research paper Essay Example | Topics and Well Written Essays - 1250 words

Industry research paper - Essay ExampleThese are a great deal regarded as exclusive moments of time that differ from regular occurrences. Every event necessitates the aspects like funding, managing employees, undertaking marketing along with public relation activities, arranging security measure and organizing decorations among others. The way organizations deal with managing events is said to be event management. It comprises various important elements like organizational objectives, allocated roles along with duties, ownership of resources as well as procedures, all important(p) success factors and event management mechanisms. Notably, event management has arisen as a vibrant segment in tourism and leisure industry. The range and admiration of events arrive also grown significantly in this present day context in the similar industry. Since the number of events grows extensively in every year, there finally lays ongoing requirement of developing the overall performance of event management experts who are capable of forming, arranging and managing events. Irrespective of size, events necessitate high level of planning, innovation of skills and numerous deliberate efforts (Kose et al, 2010).Special events are phenomenal aspects arising from non-routine occasions that entail vocational, cultural, individual and organizational objectives. The objectives of special events are to enlighten, celebrate, amuse or experiment the mesh of any group of individuals. This industry is viewed to be highly fragmented and provides discretionary services. However, the recent economic recession has hit the special event industry quite an hard, with several organizations holding fewer and smaller events. Nevertheless, it is expected that the special event industry will retrieve from this adverse situation with the improvement in parsimoniousness (IBISWorld, 2014).In the UK, the market of special event is likely to be worth 18.8 billion, which stood in the year 2009, compri sing spending at venues and broader destinations by event