The Desighn evenet managment Assignment Example | Topics and Well Written Essays - 1500 words

The Desighn evenet managment - Assignment Example Organization of events strongly affects society as a whole. In some countries, this is a serious industry, bringing the state many billions in taxes. You can use it to attract a lot of tourists (such as carnivals in Rio de Janeiro or Venice is visited by hundreds of thousands of people), it becomes a significant source of income for local budgets. Conferences and exhibitions helps the emergence of business contacts and thus spur economic development. has long been an integral part of other economic sectors: hospitality, tourism, show business; some of the functions on the organization of activities was assigned to the sales offices, professional associations (Supovitz, 2005, p.45). This hindered the development of event-management as a distinct form of activity. Now in organizing activities were professional associations, there are specialized literature, certification programs in this area can get a higher education. Gradually the organization of events is becoming recognized industry with its technology, market players, legends and traditions. One of the factors that affect the strategic decision-making is opportunity cost. This is because when someone makes a choice, they will lose the chance of making another choice. For instance if a company decides to make advertisement on the radio, they may not have the opportunity of making another advertisement on the television because of budgetary restrictions. If a company asks the sales staff to look for new clients, they may as well forget about serving the existing customers (Boag & Cuskelly, 2011, p.67). Opportunity cost also affected the final event design pitch because it was the best option so far. Another factor that affects strategic decision-making is the effect on resources. When companies compute their profit benefit from probable decision, they must also consider the general impact on production, human resources, sales and the staff. If a certain product within the