Analysis of Event Industry

In: Business and Management

Submitted By mxlang
Words 1981
Pages 8
Assignment 1

Presented to
Michelle Ford

Prepared by Kaiheng Xu

April 6, 2010

TABLE OF CONTENTS

PURPOSE OF PAPER

-------------------------------------- 1

INTRODUCTION Brief definition of sustainability Economic impacts Social impacts Environmental impacts Political issues Natural disasters -------------------------------------- 1 ----------------------------------- 2, 3 ------------------------------------3, 4 ------------------------------------4, 5 ------------------------------------5, 6 -----------------------------------6, 7

CONCLUSION

------------------------------------- 8, 9

REFERENCE LIST

--------------------------------------- 10

PURPOSE OF PAPER

Discussing the positive and negative impacts on the growth of events industry, analysising the different explanations might have in the implications of this phenomenon.

INTRODUCTION

Over the last 20 years, the events industry has grown significantly. This phenomenon appeared might because events industry could bring a great deal of positive impacts on society, environment and economy. Events sustainability has played an important role in the increasing of events industry.

However, it is predicted that there will be a growth of 5.5% per year through 2011 which used to be 6.2% since 2003, this slightly decline of growth rate might causes by the social, environmental, economical negative implications, the global political unrest and natural disaster can also create a negative impact to event industry.

Brief definition of sustainability

Events sustainability is consists of three parts which are social, environmental and economic, because nature's resources are not never-ending, sustainability can find an enduring, balanced approach to economic activity, environmental responsibility and social progress. (BSI,2007,P.7)

Sustainability is playing a very important…...

Similar Documents

Event Analysis

...Event Analysis 1 Event Analysis: World War II LaKisha J. Williams PAD540 International Public Administration Dr. Angela Parham Strayer University February 7, 2013 Event Analysis 2 Event Analysis: World War II World War II The United States stood in shock and fear as Japan initiated their attack on the naval base at Pearl Harbor with absolutely no warning. After the Great Depression of the 1920s, Japan was left without the resources they largely depended on the United States to provide. As Japan’s population became more overcrowded and their resources became scarce, the Japanese military decided to try and take over lands in China; mainly Manchuria. The Empire of Japan was aimed at taking over East Asia. As tensions arose between Japan and China the United States under the leadership of Herbert Hoover and Franklin D. Roosevelt (in the beginning) decided that they did not have any stake siding with either country. Up to this point the United States policy in China was based on the principle known as the Open Door Policy in which any and all countries were free to trade and make investments with and within China. The United States felt that if they sanctioned Japan and China, both economically and with military assistance, it would be enough for Japan and China to stop the fighting, but it didn’t. At that point Japan decided to accept Germany as an ally......

Words: 2263 - Pages: 10

Events Industry

...UK Festival Market Report The UK Music Festival industry is regarded as the most successful in the world. The analysis below provides insight on the recent growth and current worth of the industry. Festival Capacity The number of festivals that take place in the UK has increased significantly in recent years. Figure 1 below shows the total annual licensed capacity of all UK music festivals from 2004 to 2009. Overall, licensed capacity has grown by c.60% since 2004 – representing a massive increase in the number of festival tickets available. However, in 2009 licensed capacity fell for the first time in the last five years (on a like for like basis) Growth of this magnitude is unsustainable, and it now appears the market has reached saturation point. A number of the ‘newer’ festivals have ceased to operate and the market appears to have matured. Clearly this end to growth has not been helped by macroeconomic conditions, but despite current issues, I believe there will be further contraction of licensed capacity in the coming years. However, this does not suggest the UK Festival Industry is performing badly. Indeed, whilst total licensed capacity has fallen marginally, evidence suggests that actual attendance at UK festivals and average spend by attendees have both remained strong in 2009. Ticket Prices During the same period of time that licensed capacity has increased by c.60%, the price of festival tickets have also risen significantly. Figure 2 below shows how......

Words: 746 - Pages: 3

Industry Analysis

...growth and promote the fuller utilization of a country’s resources. Contents 1. 2. 3. 4. 5. 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 Guidelines Introduction & Objectives Economic Overview Industry Overview Market Assessment Market & Demographic Profile Owner Profile Business Linkages Business Cycle Financial Assessment & Profile Financial Information Page No. 1 2 5 5 6 6 7 9 10 11 11 13 13 14 15 16 16 17 17 Indicative Business Requirements Financial Needs Analysis Usage of Banking Products 5.10 Segment Risk Considerations 6. 6.1 6.2 7. Proposed Banking Product Suite Product Features Eligibility Criteria for Asset Products Distribution and Communication Considerations 1. Guidelines This segment booklet provides indicative business and financial characteristics based on the information evidenced from a sample of business owners via primary research survey, it can be used for development of program based lending products for tapping the underutilized potential for providing financing products to business owners. The Manufacturing Segment-Grain Mill Products and Animal Feeds Industry overview is developed using information obtained from secondary and tertiary sources including industry associations and data available in public domain. Market Assessment The section contains analysis based on primary findings of survey exercise conducted in major cities of Pakistan; the information can form the basis of identifying the characteristics of an average business owner in......

Words: 7337 - Pages: 30

Industry Analysis

...Executive Summary III. Industry Analysis A. Environmental Analysis The competition between businesses within the textile and clothing industry has always been steep. The change in lifestyle combined with the fast changing trends has left entrepreneurs with the challenge of keeping pace with the demand of the consumers. With KRaze-Zip’s fresh, unique, and high in quality yet economical products, it is in the best position to answer such growing needs. The Clothing Accessories Industry Today Since KRaze-Zip will be selling clothing accessories, it will be penetrating the clothing and textile industry. The clothing and textile industry has been a declining industry in the Philippines since 2005. This decline is due to the MFA (Multi-fiber Agreement) phase out and lowered of trade quotas which greatly affected the Philippines due to its inability to compete with countries with lower wage costs. Aside from this, the global crisis in 2008 has also led to the decline of the industry not only in the Philippines, but also worldwide. However, the textile and clothing industry remains to be Philippines’ second largest industry based on the number of establishments according to the survey released by the National Statistics (August 29, 2012). Out of 4, 643 manufacturing firms employing 20, 7.5% or a total number of 347 establishments came from the wearing apparel industry. Meanwhile, the industry generated 85, 805 jobs......

Words: 1730 - Pages: 7

Importance of Teamwork in Events Industry

...Discuss the Importance of Teams, Their Characteristics and Their Development to the Successful Delivery of Events The purpose of this essay is to explain the importance of teams within the event industry. It will go into depth explaining the different theories behind the importance of teams within events. Team work is a collaboration between individuals with different skills. It is key element in decentralized organization. Teams exist for efficiency and also because humans need continual motivation and emotional support which sustains work-flow and adds creativity to work. There are two types of team work groups: Formal groups, which are structured to pursue a specific task, and Informal groups, which occur naturally in response to interests. While it is possible to learn a lot from informal groups in terms of leadership and motivation, this essay will concentrate mostly on formal groups (Janis, I. L. 1982). A successful event is one that achieves a set of pre-determined goals. These goals can be to make a certain amount of financial profit, to reach a certain number of people in attendance or to raise awareness. (Brown, N. 2013). A good example of this would be Glastonbury festival 2013. After selling all 135,000 tickets in just under an hour and a half, the event was a success grossing profits of 32.2 million. The majority of the profit was donated to multiple charities (NME magazine 2013). Another example of this would be Notting Hill carnival 2012. As opposed......

Words: 1109 - Pages: 5

Sports Events Industry

...Sport Events Industry Individual Report Words: 2822 Special events have always been part of human history. Anthropologists have traced human civilization for tens of thousands of years, and at the heart of their observations are the ‘special events’ that typify and explain tribal behavior of that time and place. At this point, there is no question that special events have taken on all aspects of an “industry” in that their organization and management are the underlying support for marking the local and domestic details of our lives. Events are not restricted to festive celebrations but can include a variety of gatherings, serious or happy, and religious or cultural, including meetings and conferences, expositions and trade shows, private and public special events, art entertainment and sport events, media or corporate events, and events of various sizes. Events are given a lot of definitions but the most general one that characterizes events is “Temporary occurrence with a predetermined beginning and end. It is unique stemming from the blend of management, programme setting and people.” (Getz, 2005). On the following report there is a wide overview of the sport events sector, that will examine the history and development, the factors that support this sector, the impacts of these events, career opportunities that will arise through this sector and future trends. History and Development Sport reflects the country in which it is played, so inevitably the history of......

Words: 3276 - Pages: 14

Industry Analysis

...Industry Analysis By Week 3 Industry review The pet grooming industry is one that is steadily growing from year to year. According to the American Pet Products Manufacturing Association, an estimated $2.7 billion was spent on grooming and boarding services in 2006 alone. Then again in 2007, the services grew to $2.9 billion. In this industry it is important to be aware of the demographics and the new trends that develop year to year in order to stay up with the times and accurately identify one’s customers and potential customers. With an estimated 74.8 millions dogs in the U.S. this is evidence that pets are a big part of our lives. According to the 2007-2008 APPMA National Pet Owners’ survey, many pet owners spend an average of $127 on grooming and grooming aids. Furthermore, the 2006 Household Spending for pet services shows the following average spending: • Married couples with no children $38.72. • Married couples with children $30.69 • Single Parent $18.88 The middle and older age group also pamper there furry four legged friends. Average spending: • 35-44 years old $29.04 • 45-54 years old $44.50 55-64 years old $26.72 Regulation review and legal concerns Location of business is in New York, however we are mobile. The type of business that will be set up will more than likely be an LLC to protect our personal assets. We would need to contact the New York......

Words: 1875 - Pages: 8

Industry Analysis

...Industry Analysis (Case 1) Paper Instructions and Grade Sheet MAN 4720 Strategic Management Assignment Value - 50 points possible (all team members receive the same grade) Due Date: See syllabus Purpose: Each team will select an industry to study. You will conduct an industry analysis (also called a competitive analysis) of your assigned industry, and to collectively write a paper reporting your results. This paper will require that you apply the concepts that you have learned in the course. This assignment will enable you to learn how to research and analyze the external and competitive nature of an industry. It is necessary to have a thorough understanding of an industry before a firm can develop strategic plans to obtain competitive advantages. Basic Attributes of Your Report: The best reports are the result of a lot of research. There is a direct correlation between research and grades. To earn the highest grade possible, your report should demonstrate evidence of: • Significant secondary research. • Integration of course concepts. • Written in plain English and demonstrating understanding that clarifies and distills the problems and opportunities competitors in the industry are facing. • Precise business writing skills. (You will be penalized for writing mistakes.) The best reports also summarize what you have learned from your research. A great report demonstrates that the student has thoroughly researched the industry,...

Words: 3252 - Pages: 14

Analysis of Event Industry

... Rawski University of Pittsburgh September 1999 As the People's Republic of China celebrates its fiftieth anniversary, economists look back on a remarkable kaleidoscope of events and policy shifts that, despite episodes of vast suffering and waste, have brought enormous material benefits to China's teeming masses. The economy inherited by China's new Communist leaders in 1949 was overwhelmingly agrarian, ravaged by twelve years of warfare, and wracked by hyperinflation. Despite the strains imposed by China's participation in the Korean War, the new government quickly resolved difficult short-term economic obstacles and embarked upon a long-term process of socialization and development. China's experience of socialist planning, which roughly coincides with the period from 1949 until the death of Mao Zedong in 1976, left a mixed economic legacy. Like other socialist regimes, China's new leaders poured resources into activities and industries linked to the expansion of national power. Production of steel, machinery, and building materials multiplied prodigiously. China succeeded in fabricating nuclear and thermonuclear weapons. Although these advances relied initially on technical and financial support from the Soviet Union and its East European allies, China's success in penetrating new industries and mastering new technologies following the withdrawal of Soviet aid demonstrated that a succession of Five-Year Plans had propelled China to a new level of development. In......

Words: 1020 - Pages: 5

Industry Analysis

...THE MANUFACTURING INDUSTRY ANALYSIS On top of almost every economy usually stands the Manufacturing industry and has always been the source of growth of most economy. However, for Jamaica this sector's has been impeded by a number of factors including crime, high energy costs, reduced access to affordable raw materials and thereby resulted in a decline in the industry. THE FOUNDATION Jamaica possesses a highly diversified manufacturing industry whose development has been based on continuous investment from other countries, which has produced high-quality products and dominated the country’s export over the last 50 years. A primary force behind the increase in the manufacturing industry resulted from the shortage of goods after World War 11, therefore a lot of the international goods were produced locally. In its early stages of development of the manufacturing industry was overwhelmed with opportunities. With the support of Government, an entrepreneurial class, a local market that could facilitate over 1 million individuals, and labour in abundance, the manufacturing industry was unstoppable. The company was moving so rapid that sectors quickly diversified from sugar and rum into producing a wide range of manufactured products such as garments, processed foods, machinery, and electrical equipment, and this resulted in an impressive growth. Real value increased for the sector increased at an average of 7% annually between 1938 and 1950, and its contribution to GDP......

Words: 3464 - Pages: 14

Industry Analysis

...[pic] Brief Overview TITAN Group is an independent multi-regional producer of cement and other related building materials with over 100 years of industry experience. The group is based in Greece and is operating in 13 countries; Europe, North America and Eastern Mediterranean. Furthermore, is organized in the following four operating (geographic) segments: Greece and Western Europe, North America, South East Europe, and Eastern Mediterranean. It operates primarily in Greece, the Balkans, Egypt and the United States. Its subsidiaries include among other, Aeolian Maritime Company, Fintitan SRL, Aemos Cement Ltd, Titan Cement U.K. Ltd, Metro Redi-Mix LLC, Cement Plus Ltd and Cementara Kosjeric AD. TITAN covers the production of cement, concrete, aggregates, mortars and other building materials; transportation - distribution of products; processing and industrial utilization of fly ash. Today, with an annual production capacity of 11 million tons and more than 5,500 employees worldwide, Titan Cement Group is the leading cement producer in Greece. Titan is also the largest producer of ready-mix concrete in Greece and is the largest quarry operator in the country. TITAN’s business success and reputation are based on the application of the best available technologies (BAT), for production procedures and distribution methods, on systematic research and constantly upgraded know-how, and on its high-quality human resources. Throughout its......

Words: 2807 - Pages: 12

Industry Analysis of the Pharmaceutical Industry

...Corporate Development Strategies Faculty 02 – Economics and Business Administration Johann Wolfgang Goethe-University Frankfurt Industry analysis of the pharmaceutical industry Written assignment Submitted by: Heiko Kreuz, 4897736, s5706079@stud.uni-frankfurt.de Janine Seelinger, 4896818, s1010710@stud.uni-frankfurt.de Dana Winkler, 4497800, s1099437@stud.uni-frankfurt.de Supervisor: Prof. Dr. Lars Schweizer November 6, 2015 Table of contents 1 Introduction...........................................................................................................................1 2 Theoretical framework of Porter’s Five Forces ........................................................1 3 Industry analysis by means of Porter’s Five Forces ................................................2 3.1 Competitive rivalry ................................................................................................... 2 3.2 Bargaining power of suppliers.................................................................................. 2 3.3 Bargaining power of buyers ..................................................................................... 2 3.4 Threat of substitutes ................................................................................................. 3 3.5 Threat of new entrants .............................................................................................. 3 3.6 The regulators ............................

Words: 1934 - Pages: 8

Industry Analysis

...Industry Analysis Petro Oil Berkeley College J. Kerr, S. Powder. T. Lopez Background An industry analysis is a useful tool for business strategists. It helps businesses understand various pieces of the marketplace and how these various pieces may be used to gain a competitive advantage. Analyzing an industry you would have to know the industry SWOT. It is important for Petro oil to identify the threats and opportunities facing their business and also to focus their resources on developing unique capabilities that could lead to a competitive advantage. Analyzing Petro Inc., and the heating companies overall will give the company a better understanding of their position relative to other companies that provide similar services. In order to help implement initiatives for Petro Inc. we will analyze some aspects of the company to help identify its strengths and weakness and where there is opportunity for growth. M.A Fessler was the inventor of the historic oil burner. In 1915 he started his own company Called the Fess system company and as we know it today as Petro. The first oil burner was installed in Boston, which resulted in a rapid growth the first few months of Petro's success. Soon after Petro made a huge decision of entering into its first contract to purchase fuel oil. Bases out of Stamford, Connecticut, today Petro Inc. provides heating oil across the United States. Petro Inc. also has......

Words: 1418 - Pages: 6

Industry Analysis

...3 Industry Analysis: The Fundamentals When a management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact. —Warren Buffett, Chairman, Berkshire Hathaway The reinsurance business has the defect of being too attractive-looking to new entrants for its own good and will therefore always tend to be the opposite of, say, the old business of gathering and rendering dead horses that always tended to contain few and prosperous participants. —Charles T. Munger, Chairman, Wesco Financial Corp. OUTLINE n n n n n INTRODUCTION AND OBJECTIVES FROM ENVIRONMENTAL ANALYSIS TO INDUSTRY ANALYSIS THE DETERMINANTS OF INDUSTRY PROFIT: DEMAND AND COMPETITION ANALYZING INDUSTRY ATTRACTIVENESS Porter’s Five Forces of Competition Framework Competition from Substitutes Threat of Entry Rivalry Between Established Competitors Bargaining Power of Buyers Bargaining Power of Suppliers APPLYING INDUSTRY ANALYSIS Describing Industry Structure Forecasting Industry Profitability Strategies to Alter Industry Structure 66 INTRODUCTION AND OBJECTIVES 67 n n n n DEFINING INDUSTRIES: WHERE TO DRAW THE BOUNDARIES Industries and Markets Defining Markets: Substitution in Demand and Supply FROM INDUSTRY ATTRACTIVENESS TO COMPETITIVE ADVANTAGE: IDENTIFYING KEY SUCCESS FACTORS SUMMARY NOTES INTRODUCTION AND OBJECTIVES In this chapter and the next we explore the external environment......

Words: 14781 - Pages: 60

Industry Analysis

...3 Industry Analysis: The Fundamentals When a management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact. —Warren Buffett, Chairman, Berkshire Hathaway The reinsurance business has the defect of being too attractive-looking to new entrants for its own good and will therefore always tend to be the opposite of, say, the old business of gathering and rendering dead horses that always tended to contain few and prosperous participants. —Charles T. Munger, Chairman, Wesco Financial Corp. OUTLINE n n n n n INTRODUCTION AND OBJECTIVES FROM ENVIRONMENTAL ANALYSIS TO INDUSTRY ANALYSIS THE DETERMINANTS OF INDUSTRY PROFIT: DEMAND AND COMPETITION ANALYZING INDUSTRY ATTRACTIVENESS Porter’s Five Forces of Competition Framework Competition from Substitutes Threat of Entry Rivalry Between Established Competitors Bargaining Power of Buyers Bargaining Power of Suppliers APPLYING INDUSTRY ANALYSIS Describing Industry Structure Forecasting Industry Profitability Strategies to Alter Industry Structure 66 INTRODUCTION AND OBJECTIVES 67 n n n n DEFINING INDUSTRIES: WHERE TO DRAW THE BOUNDARIES Industries and Markets Defining Markets: Substitution in Demand and Supply FROM INDUSTRY ATTRACTIVENESS TO COMPETITIVE ADVANTAGE: IDENTIFYING KEY SUCCESS FACTORS SUMMARY NOTES INTRODUCTION AND OBJECTIVES In this chapter and the next we explore the external environment......

Words: 14708 - Pages: 59