The Value of a Corporate Event for Your Business
You are in business. You are busy. Time is precious. So, why would any business freely choose to host and deliver a corporate event? Isn’t it more hassle than it is worth? The answer is no! Some of the most successful and innovative companies are enjoying incredible benefit and enhanced operations through investment in corporate events. While such events may take some organisation – party hire and event hire companies may need to be engaged as partners – the ultimate gains for your business far outweigh any expense or inconvenience.
What is a corporate event?
Generally speaking, corporate events are sponsored by an organisation and have the purpose of fostering collegiality and increasing productivity within a workplace or developing positive relationships with stakeholders and relevant groups within an industry. People at all levels can be involved in such events (this may range from executives and senior management to general employees), with events sometimes occurring across these groups or exclusively for particular groups.
What is the purpose of a corporate event?
In addition to fostering collegiality and increasing productivity, a corporate event may be held to address and consider a variety of issues affecting the workplace, sector or industry. Some types of meetings may be classified as corporate events, particularly those where progress, achievements and threats are considered.
Increasingly, and quite positively, many corporate events today include the involvement of employees in creative and innovative ways. This approach is intended to help employees feel more connected and valued by their employing organisation.
What makes a ‘good’ corporate event then?
No successful event will bore a participant out of their mind. If this is the case, the providing organisation may believe it has fulfilled its objectives and communicated information that needed to be shared, but the reality is that the participant will leave with a negative and perhaps disillusioned memory and impression of the occasion and will be reticent to return and be involved in forthcoming events.
Creative presentations, activities and offerings will help to keep the attention and interest of your attendees. Involving attendees and allowing them to be active in terms of experiencing concepts such as: time management, delegation and cooperation, will usually render the content more meaningful, enjoyable and memorable to them.
Why is thorough event planning so vital?
The most successful events are usually not determined on the day(s) they take place, but in the planning stages. Carefully and thoroughly planned events, with close attention to detail, are almost invariably those that are best evaluated.
It follows that busy, successful companies seeking to host and deliver corporate or other events are best served by engaging with relevant partners for the execution of their event. For example, it is very common and popular for organisations to outsource to party hire and event hire companies for support with event particulars, ranging from sound and lighting to marquee hire, seating, glasses and decorations. In a competitive business world in which time and funds are precious, it makes a lot of sense to cover off event needs in this way.
There is no question that immense value can be added to a business through provision of a corporate event. No matter whether this event is in-house or made available to external contacts and interested parties, many businesses report increased interest in their activities and the creation of many opportunities for development, improvement and enhancement of practices.