Stakeholder Management in the Events Industry
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Stakeholder Management in the Events Industry: Challenges and Strategies
Stakeholder management is a critical aspect of event planning and management. Stakeholders are individuals or groups that have a vested interest in the event and can influence its success. In the events industry, stakeholders may include event sponsors, vendors, participants, attendees, government agencies, and local communities. Effective stakeholder management is essential for the success of an event, but it can be challenging due to the diverse interests and expectations of stakeholders. In this article, we will explore some of the challenges of stakeholder management in the events industry and strategies for addressing them.
Challenges of Stakeholder Management in the Events Industry
Conflicting interests and expectations: Stakeholders may have different interests, expectations, and priorities, which can conflict with each other. For example, sponsors may expect more brand exposure and promotion, while participants may want better facilities and amenities. Managing these conflicting interests requires balancing and prioritizing the needs of different stakeholders.
Communication barriers: Communication is critical for effective stakeholder management, but it can be challenging when stakeholders speak different languages, have different communication styles, or are located in different regions. Clear communication is essential for ensuring that stakeholders understand the event’s goals, expectations, and outcomes.
Resource constraints: Event planners may face resource constraints, such as limited budgets, personnel, and time, which can affect stakeholder management. Resource constraints may limit the ability of event planners to meet the expectations of stakeholders and can result in stakeholder dissatisfaction.
Unforeseen events: Events are often subject to unforeseen events, such as weather disruptions, political unrest, and security threats, which can affect stakeholder management. Event planners need to be prepared to address these unexpected events to minimize their impact on stakeholders.
Strategies for Effective Stakeholder Management in the Events Industry
Identify and prioritize stakeholders: Event planners need to identify and prioritize stakeholders based on their influence and interest in the event. Prioritizing stakeholders helps to focus efforts on meeting the needs of the most critical stakeholders.
Develop a stakeholder engagement plan: A stakeholder engagement plan outlines how event planners will engage with stakeholders, including communication channels, frequency of engagement, and methods of feedback. This plan helps to ensure that stakeholders are adequately informed and engaged throughout the event planning process.
Establish clear communication channels: Event planners need to establish clear and effective communication channels with stakeholders. Clear communication helps to ensure that stakeholders understand the event’s goals, expectations, and outcomes.
Build relationships with stakeholders: Building positive relationships with stakeholders can help to improve stakeholder management. Event planners need to be proactive in building relationships with stakeholders and addressing their concerns and needs.
Manage stakeholder expectations: Event planners need to manage stakeholder expectations by setting clear expectations for the event and communicating any changes or deviations from the original plan.
Be flexible and adaptable: Event planners need to be flexible and adaptable to unforeseen events that may affect stakeholder management. Event planners should have contingency plans in place to address unexpected events and minimize their impact on stakeholders.
Conclusion
Effective stakeholder management is essential for the success of events in the events industry. Event planners need to be proactive in identifying and prioritizing stakeholders, developing a stakeholder engagement plan, establishing clear communication channels, building positive relationships with stakeholders, managing stakeholder expectations, and being flexible and adaptable to unforeseen events. By addressing the challenges of stakeholder management and implementing these strategies, event planners can improve stakeholder satisfaction and ensure the success of their events.
Stakeholder Management in the Events Industry
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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