Challenges Exhibition Organizers Encounter Research Paper

Challenges Exhibition Organizers Encounter Research Paper

Instructions:

Challenges Exhibition Organizers Encounter Research Paper

Budget Planning :

In this discussion you will discuss some of the following challenges exhibition organizers encounter when establishing fees for registration. What are some strategies you could emplace to mitigate the challenges?

1 page

Here are example from my classmate’s post :

Registration fees are a huge part of a venue/ events revenue and establishing a fee that is both profitable and affordable to the target market is essential in ensuring there is adequate attendance, and a profit is also being turned. There are four types of registration fees; these include early registration, advance registration, on site registration and single-day registration. Early registration is generally charged at a discounted rate and helps you get a feel for the attendance of your event and how many people will be going. Advance registration is the base registration fee incurring at the end of early registration, but before on-site registration.

On-site registration has higher fees for people who did not sign up early, with an additional cost of registration help. Single-day registration is intended for those attending who have interest in seeing one interest or see the floor for just one day. This can be sold at a higher rate and the goal is to sell multiple dates to maximize profits. Some challenges that exhibit organizers face when establishing fees include; charging too much or too little and the duration of the phases of registration- how long should an organizer extend the early rate?

How long should the advance registration last before transferring to on-site and then to single-day registration?. These are some of the tough decisions that organizers have to take into consideration in order to hold a successful exhibition. There is several valuable tools that a organizer can use in order to mitigate these challenges, these include; use of a balance sheet, statement of cash flows and further monitoring of income statement as it gets closer to the event date.

Using a balance sheet throughout the process can be valuable in that it can display the organizations financial health at any given time, which means as sales go on, you can monitor how your budget and company as a whole is doing, if you are not turning the profit that is necessary for the success of your event, you may choose to modify the price for the next phase of registration, or you may choose to extend the current phase accordingly.

The statement of cash flows should also be monitored accordingly to be sure you have a good idea of what is coming in and what is going out to make sure you are charging prices for registration accordingly in order to turn a profit. Consistent monitoring or financial statements and modifying accordingly is essential in a events success.

When setting a price for initial registration fees, it is important to determine your break even point and set the price higher than that, no matter what phase you are in you should ensure that if all the tickets were to sell in that phase, you would still be making money. Looking at similar event registration pricing and basing your pricing off of both that and the break even point is also a good model to follow to ensure that you are competing with other events in industry, while still turning a profit.

Challenges Exhibition Organizers Encounter Research Paper

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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