Very complex, with many different buyers, suppliers, organizational role players, sponsors & audiences
Eventroleplayers
Event organisers
Suppliers (venues, facilities, destination, accommodation, transport companies, agencies & contractors)
Buyers
International and national associations and bodies
The event triangle
No event takes place in isolation, each event is a system of interdependent & interacting elements
Events need sponsors for financial support & publicity
Event performers require compensation for their time & talents
Sponsors need events for promotional exposure & opportunities in the marketplace
Elements of the event triangle
The Event
Sponsors
Audience / Tourists / Community
The organization of an event
Sponsorship
Event attendees / audience
Event is a vehicle for attaining goals (economic, environmental & social)
Financial success of events relies on the event triangle
Each event, performer, audience & sponsor has goals that are affected by other elements of the triangle
Sponsors provide
Access to promotional packages including media, advertising, licensing rights, event promotions, giveaways, signage, billboards & VIP receptions
Sponsors can be physically or remotely present at an event
Sector classifications according to event goals
Private / for profit
Nonprofit making / voluntary
Government or public – private partnerships
Private / For-profit events
Organisations produce and host events for profit either under a contract or individually
Corporations create events for marketing & sales purposes
Hotels, resorts & facilities use events as attractions and to produce a good image
Nonprofit making / voluntary events
Charities use events to attract funding and support
Community based societies and informal groups use events to create benefits for the local community
Government / Public-Private Partnership events
Government organisations host events to encourage social development, create employment & income & encourage community participation
Event organisers planning these events aim to generate profit through admission charges, merchandising, sponsorship & media revenue
Sponsors provide money & services to these events
Clients can be tourists, guests, customers or visitors – all are buying the event service
Event buyers and suppliers
Buyers (event organisers and planners)
Suppliers (goods & services necessary for hosting a successful event)
Corporate buyers
Event organisers who work for corporations who aim to generate profits
Event organising role can also be outsourced to an external event management company
Most corporate buyers have no previous experience in event management
Corporate events can vary widely and can include: Meetings, exhibitions, incentive travel events, product launches, team building, conferences, training courses & seminars
Corporate buyer segments
Shallow Segment (low budget events with short lead times, clients look for best price)
Mid Level Segment (events planned well in advance, price is important, client won't object over small amounts of money)
Deep Segment (upmarket events that are expensive to host, normally hosted at the same destination / location, events are usually booked and planned years in advance)
Association buyers
Voluntary associations, trade unions, religious organisations, professional trade organisations, political parties, charities & community groups
Also referred to as the SMERF market (social, military, education, religious & fraternal)
A cost-conscious market when hosting events
Events are not normally hosted for financial gain but to create awareness or services to members & the community
Association event delegates
Attendance is voluntary
Accommodation ranges widely
Delegates have to pay for their own expenses, so event costs are low
Number of delegates is higher than for corporate events
Association event planners must do extensive research to find the best possible venues and services at the lowest costs
Final decisions on the hosting of event is made by a committee and not by an individual
Planning time for events is long
Government buyers
Similar to association buyers, includes local authorities, government departments, educational bodies & health services
Nonprofit making and accountable for spending public funds
Delegates do not pay for their own expenses
Trend of government buyers booking upmarket facilities and events
Other event stakeholders
Government & public authorities (police, health & medical teams, immigration/travel services)
Sponsors
Volunteers
The media
Tourism businesses
Event agencies
Government & public authorities
Responsible for the smooth running of the event at destinations where events are hosted
Event coordinator needs approvals from government / public authorities before the event can be hosted
Sponsors
Support an event in exchange for increased brand exposure, access to attendee data, discounted event tickets etc.
Companies sponsor events to advance their own businesses
Small events gain sponsorship from local businesses in the community that want to be affiliated with the event
Volunteers
Individuals willing to assist at an event
Events are often highly dependent on volunteers
Can be involved from the planning to the hosting of the event
Receive no compensation but can get free meals, merchandise and a reference letter
Assist mainly as a learning opportunity and to gain experience in event management
Common tasks include ticket & merchandise sales, backstage support, media assistance & assisting event managers
The media
Important for event publicity and media coverage
Facilitate the flow of information between event stakeholders
Events invite television and radio stations for exposure
Events increasingly rely on social media as a tool to directly reach event audience and give more control over the event message
Tourism businesses
Organisations that provide travel related services to event attendees e.g. travel agents, hotels & airlines
Can develop travel packages linked to an event
Eventagencies
Organisations that supply services to an event manager, more commonly used for large scale events
Take on the role of buying services on behalf of the event management and help to plan the event
Can raise issues of control over the buying process
When properly managed, can be a valuable service to an event manager
Every stakeholder in the event triangle is dependent on the other for the success of the event
Every event consists of a number of stakeholders who are all important
Effective communication between stakeholders is essential for the success of an event
For every event the stakeholders involved will be different and must be clearly identified
Events can be used to generate leads, increase sales, or promote products.
They are also useful for networking with other businesses and building relationships.
Events can create brand awareness by showcasing new products or services.
They can also raise funds for charities or social causes.
A clear understanding of the objectives of the event is necessary to ensure that it meets its intended aims.