Professional Documents
Culture Documents
PROJECT REPORT
ON
NEW EVENT MANAGEMENT FOR 3HD MEDIA: COSTING AND
ANALYSIS
FOR
3HD MEDIA COMPANY
MASTER OF MANAGEMENT STUDIES (MMS)
UNIVERSITY OF MUMBAI
SUBMITTED TO
SINHGAD INSTITUTE OF BUSINESS MANAGEMENT
CHANDIVALI
UNDER THE GUIDANCE OF
MRS. SHALINI TALWAR
SUBMITTED BY
ABHIRUP KRISHNA UBALE
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CERTIFICATE
This is to certify that Mr. Abhirup Krishna Ubale has successfully completed the
project work as a part of academic fulfillment of Masters of Management Studies
(M.M.S.) semester IV examination.
Date : _________________
DIRECTOR
SIBM
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DECLARATION
I, Abhirup Krishna Ubale of Master of Management Studies Semester III of
Sinhgad Institute of Business Management (SIBM), hereby declare that I
have successfully completed this Project on New Event Management for
3HD Media: Costing and Analysis in the academic year 2012 13.The
information incorporated in this project is true and original to the best of my
knowledge.
_____________________________
Signature
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TITLE
I.
II.
EXECUTIVE SUMMARY
OBJECTIVE OF THE PROJECT
III.
IV.
V.
VI.
VII.
VIII.
IX.
X.
LITERATURE REVIEW
ANALYSIS OF THE DATA
OBSERVATIONS / FINDINGS
LIMITATIONS
SUGGESTIONS & CONCLUSIONS
BIBLIOGRAPHY
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PAGE NO
6
7
EXECUTIVE SUMMARY
Introduction
Sports events have evolved from the polite gatherings of the early twentieth century to
become major ventures in their own right. Leaving aside megaevents: the Olympic
Summer and Winter Games, FIFA World Cup and UEFA Euro events, there are a large
number of midlevel events requiring investment of money and expertise and involving
large numbers of people. It is for organisers of these events that this report has been
written. They are required to be experts in a large number of disciplines and to bring off a
show on a specific date with no second chances. They have a huge number of
stakeholders depending on them from sports federations and athletes to sponsors,
broadcasters, crowds and not forgetting the community hosting the event.
They have to contend with moving financial goalposts, press scrutiny and a bewildering
number of moving parts to keep an eye on. They will often need to recruit and lead a
large team or, possibly more difficult, select an external provider who will deliver the
event on their behalf. They will often have to pledge large sums of money or promise a
return to rightsholders against uncertain outcomes only some of which are in their
control.
Finally event organisers face an increasing possibility that their event will be disrupted by
scandal or terror turning their hard work to dust overnight. It is the best job in the world
and one which some people put themselves through willingly again and again. But, at
times it is a thankless and lonely task with the event organiser in the position of whipping
boy being attacked from all sides. This report will not give all the answers, but it will
provide a sympathetic and practical guide to some of the main issues that will occupy
most organisers. It has been written by many with personal experience of the stresses and
strains; the highs and the lows.
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Development and planning is a combination of creative and very practical tasks which set
out the routemap for all of those involved to follow. Whether these are people directly
employed by the organising committee or by the range of external delivery partners that
are likely to be part of the event, each will need to be clear on the purpose and plan for
their activity. This enables the right team or agencies to be selected and parameters set as
to how they will all work together. There is no standard approach to planning but there
are a few different ways that many with experience have found to be successful. We
present these ways of thinking about structure, relationships and contracts to get the event
off to a flying start.
The Winning Team
The people and organisations involved in a largescale event multiply with the amounts
of money involved and the different outcomes required. The event organiser has to as
much diplomat as dictator; to be decisive and inclusive. We examine first the role of the
leader and the skills and style that sit best with this important role. Sitting below the
leader will be the immediate team charged with the delivery. Where this team
comes from and how they are managed can mean the difference between smooth running
success and an acrimonious failure. Hovering around the edges will be the paymasters
and the politicians, the commercial partners and the community, the sporting authorities
and the suppliers. Cohering these stakeholders around a common purpose is a difficult
challenge. However, it is all worthwhile to get agreement and make progress and
contributes overwhelmingly to a positive legacy.
Procurement and Contracting
However well managed relationships are the process of selecting and securing the
services of suppliers is a technical one. This is the area where the largest proportion of the
event organisers budget will be spent so has the most potential to derail or delivery the
budgeted event. Judging at what point to bring in external providers is not a
straightforward decision. Outsourcing a project entirely is likely to be more expensive on
the face of it, but blundering around with an inexperienced inhouse team is likely to cost
more overall both in budget and time.
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Inevitably, suppliers will need to be contracted at some stage and some kind of tender
process will normally be required. There are several ways of ensuring the best supplier is
selected and the best value obtained and we review them here.
Legal
The law touches major events in so many ways that this is a vital chapter. Whilst not
advocating immediate recourse to lawyers this section does demonstrate the legal
implications of the many decisions event organisers make. This starts with understanding
the legal status of the event itself and feeds through to many of the other commercial
arrangements. We examine the legal basis of agreements with rightsholders, athletes and
teams, sponsors, broadcasters and suppliers to offer clear practical advice on what to
expect. Finally we examine the area of risk and offer some ways in which the law can
help reduce if not the risks themselves, then at least the consequences.
Part two: Optimising Major Event Revenues
For event organisers, one of the biggest headaches and areas of uncertainty may be
around money. Where part one looked at ways to keep costs under control, part two
covers the major revenue streams and how to optimise them.
Developing a MediaRights Strategy
For many sports the money from broadcasters for the right to show television footage of
their events has become a very significant income stream. For this reason many will have
longstanding arrangements with broadcasters which cover events over several iterations.
This is not always the case and many event organisers will have the discretion and indeed
be expected to make local arrangements for delivery to television audience. This is, of
course, vital to rightsholders who want to drive interest in their events and to sponsors
whose investment is thereby multiplied. This section provides some guidelines on how to
take a strategic approach to media rights and looks indepth at case examples from the
IAAF, UEFA and the English Football Association
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Sponsorship
Sponsorship is another are where global rights may already have been sold by rights
holders but it is likely that event organisers will have the opportunity to raise money from
their domestic brands. This section provides a clear, eightstep approach to getting the
most out of this opportunity. We follow a path from packaging up rights to identifying
and approaching sponsors, negotiating winwin deals and delivering what sponsors
require. Event organisers will be expected to work with both local and global sponsors
and this can often requires a specific team in itself. Finally, everyone will want to know
what the results were and we offer some advice on evaluating the effectiveness of the
programme.
Ticketing and Hospitality
Some of the most important decisions an event organiser will take will be around ticket
sales. Priced too low and vital money will be lost, priced too high and the takeup among
the local community will fall short leading to embarrassingly empty venues.
Having set prices and created packages to suit all expected visitors, event organisers will
need to consider whether to sell tickets directly or share the load with a ticketing agency.
And, once tickets are sold they will need to look at the secondary market as that is where
the hottest tickets may end up. Many rightsholders and sponsors will have an allocation
of premium seats but that should not rule out the possibility of selling hospitality
packages. This section reviews how this market has changed, offers advice on what
constitutes an attractive VIP product and how these can be sold.
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these messages are communicated also requires careful thought to avoid public fatigue
and accusations of greenwashing.
Measurement and Evaluation
It is only once an event is over that a final assessment of its value can be arrived at. Many
budget items will not be fully known until a late stage and some legacy deliverables will
not be apparent for months or even years. Most organisers will try to put a single figure
on economic impact but this is far from being a straightforward task. Even for simple
measures such as visitors, hotel rooms and spending they will need to consider whether
new money was brought in from outside the community and the effect of those who
would otherwise have visited but were putoff by the prospect of crowds. There are also a
range of softer measures which are important for the event organiser and his team,
the rightsholder and future event hosts and the commercial partners of events.
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Organize publicity for the event like local Newspapers, Radio, TV stations,
Hoardings etc.
FINANCE:
Organize at least four local sponsors from the city where the event will take place
and you are expected to think of other innovative idea for branding.
Sponsors will be taken only to cover the basic cost of the event.
Planning the budget for the event, so it fits the sponsors limit.
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RESEARCH METHODOLOGY
NEED OF THE PROJECT
The need of the project is to study and analyses certain issues in event marketing and
event management, which need further attention. And some suggestions have been given
to make the Event Marketing and event management industry more effective in order to
utilize its full potential and serve the objective of an event and be mutually beneficial for
the Event agency, the Corporate and the customer.
SCOPE OF THE PROJECT
1. To understanding the short coming of event marketing and event management.
2. How these are perceived today.
3. Problems faced by Indian event agencies.
4. Understand and manage the event in the best and effective way.
The few reasons for choosing event marketing as a promotion tool are as follows:
1. To accelerate your product into new markets.
2. To judge your products against the competition.
3. To launch new products/services.
4. To appeal to special customer interests.
5. To make more sales calls in a shorter time cycle.
6. To meet potential customers for new applications.
7. To change or improve the perception of your product.
8. To network with customers not normally called upon.
9. To present your products to buyers face-to-face.
10. To promote positive product trends.
11. To reposition your company in a market.
12. To select a new approach to marketing your product.
13. To target markets by types of visitors.
14. To understand customer attitudes.
15. To invite special customers to increase business
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METHODOLOGY
The methodology followed for the research:
Primary research detailed discussions with event management firms and the corporate
clients. A general survey conducted with a sample size of 100 respondents was also done.
Subsequent additions were made to the interview schedule to suit the specific events
under study.
The secondary information was gathered from various books on event marketing, sales
promotions and publicity.
The information gathered was studied and analyzed. It revealed certain issues in event
marketing which need further attention and some suggestions have been given to make
the Event Marketing industry more effective in order to utilize its full potential and be
mutually beneficial for the Event Marketing agency, the Corporate and the customer.
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Corporate events
Events like mice (meetings, conferences, exhibition),product launches, road
shows, buyer-seller meet etc
Religious events
Events like religious festivals/fairs, religious procession, katha, pravachan, diwali
fair etc
Fund raising /cause related events
Any event can be turned into a fund raising or cause related event eg auctions
What is Event Management
Event management, the most profound form of advertising and marketing, is a glamorous
and thrilling profession. It provides an opportunity for unleashing one's creative potential
to a very high degree. Event management is a process of organizing a professional and
focused event, for a particular target audience. It involves visualising concepts, planning,
budgeting, organizing and executing events such as fashion shows, musical concerts,
corporate seminars, exhibitions, wedding celebrations, theme parties product launching
etc. It is a good career option which does not require much investment and offers a lot of
independence and flexibility.
Event management is considered one of the strategic marketing and communication tools
by companies of all sizes. From product launches to press conferences, companies create
promotional events to help them communicate with clients and potential clients. They
might target their audience by using the news media, hoping to generate media coverage
which will reach thousands or millions of people.
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EVENT
S
LIVE
INTERACTION
REACH
Right
Communicati
on
from the
client
WIT
H
Live
Audien
CECEc
e
CREATE
S
Desire
d
Impact
Marketing tool
Event management is considered one of the strategic marketing and communication tools
by companies of all sizes. From product launches to press conferences, companies create
promotional events to help them communicate with clients and potential clients. They
might target their audience by using the news media, hoping to generate media coverage
which will reach thousands or millions of people. They can also invite their audience to
their events and reach them at the actual event.
Services
Event management companies and organizations service a variety of areas including
corporate events , marketing programs (road shows, grand opening events), and special
corporate hospitality events like concerts, award ceremonies, film premieres,
launch/release parties, fashion shows, commercial events, private (personal) events such
as weddings and bar mitzvahs.
Clients hire event management companies to handle a specific scope of services for the
given event, which at its maximum may include all creative, technical and logistical
elements of the event.
Sustainability
Sustainable event management (also known as event greening) is the process used to
produce an event with particular concern for environmental, economic and social issues.
Sustainability in event management incorporates socially and environmentally
responsible decision making into the planning, organization and implementation of, and
participation in, an event. It involves including sustainable development principles and
practices in all levels of event organization, and aims to ensure that an event is hosted
responsibly. It represents the total package of interventions at an event, and needs to be
done in an integrated manner. Event greening should start at the inception of the project,
and should involve all the key role players, such as clients, organizers, venues, subcontractors and suppliers.
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Technology
Event management software companies provide event planners with software tools to
handle many common activities such as delegate registration, hotel booking, travel
booking or allocation of exhibition floor space.
Education
There are an increasing number of universities which offer courses in event management,
including diplomas and graduate degrees. In addition to these academic courses, there are
many associations and societies that provide courses on the various aspects of the
industry.
Career opportunities are in the following Industries:
Event Management
Hotel, travel and hospitality Industries
Advertising Agencies
Public Relations Firms
News Media
Non-profit organization
Event Budgeting and Accounting
Categories of events
Events can be classified into four broad categories based on their purpose and objective:
Leisure events e.g. leisure sport, music, recreation.
Cultural events e.g. ceremonial, religious, art, heritage, and folklore.
Personal events e.g. weddings, birthdays, anniversaries.
Organizational events e.g. commercial, political, charitable, sales, product launch,
expo.
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Initial
Concept
Canvassing
Conceptuali
-zation
Customization
Costing
Final Concept
Carry-Out
EVENT
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Canvassing
Many corporates were approached with the initial concept to sponsor the event. The leads
generated through canvassing for sponsors and negotiation with venue owners gave a
strong impetus and indication of success for a particular variation. A leading soft drinks
company could be persuaded to fully sponsor the event.
Customization
The target audience of the soft drink company was pre-dominantly was fun-seeking
youth. The initial concept needed to be changed from a family oriented event to a
youthful event. The budget was needed to be drastically reduced to Rs. 2lakhs per center
and the event was to be simultaneously conducted in 5 locations spread across the
country.
Final Concept and Carrying Out
Constraint of budget and specific requirement of the client changed the initial concept of
a two day program to a 3 hour forenoon program titled HOLI GYRATIONS 2000. The
program essentially revolved around a color rain dance and color blast for young people
with coverage on a popular youth oriented music channel on the television. It was also
decided to use the event coverage as software for future use by the channel. Now the
event was fully sponsored show for a single sponsor with invitations to a limited no. of
participants. The show was fully customized to give pre-dominant importance to the
sponsors colors viz. red and blue. The carry out stage involved being exceptionally
careful and prepared for eventualities such as hazards of drunken misbehavior of the
youth even though liquor was not allowed inside the venue. The interaction revolved
around a popular VJ anchoring the show and except for dancing, there would be hardly
anything else actually happening. The carry out stage gets completely taken over by the
music channel.
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COMPANY PROFILE
3HD Media is a rich digital media agency offering an endless list of digital services all
aimed at engaging the customer on one single touch point that the customer never fails to
carry along and that is their mobile phone. Entertainment giants are re-editing shows and
creating new content for small screen, these are the BIG BUCKS in selling Television on
the go
3HD Media has absorbed the best technological brains in the country and bought them
under one roof so that both advertisers and brand could benefit from the latest digital
media technologies. Its an effort of the experts who have strived hard to develop various
mobile applications, one of them being Mobile Video Streaming that allows you an
instant access to a particular content in a usable and appropriate format on any mobile
phone.
Our team possesses extensive intellectual technologies across the entire digital services
like Mobile Video Streaming, Location Based Advertising (LBA)/ Marketing(LBM)
Bluetooth Advertising, Internet Advertising, Video SMS , Video Emails, WiFi
Advertising, Product Launches and Social Media.
We are also the pioneers and the only organization owning the software for Mobile Video
Streaming for transmitting TV on Mobile and that too on a 2G network delivering 18
frames per second(as good as normal television) using just 60 kbps of bandwidth.
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It is crucial in this ever-changing global business landscape to have the right technology
& knowledge hence 3HD Media focuses on; delivering the technology & knowledge that
companies not only want, but the critical insights on how to ensure success on their
marketing plans.
Who would not want to be the first to witness an electrifying product launch live on their
mobile phone/computer, 3HD Media brings together the latest footage on the most
portable screen irrespective of your target audience being at home, work or traveling, we
promise they wont miss it !!!!!!
Mobile Phone is believed to be the third screen for viewers after Television and
Computers, its like a wildfire waiting to set blaze so now one can have the latest per
minute shows and sports action just within a time it takes for the eye to blink or the heart
to beat.
3HD Media integrates all the various digital touch points of a customer on a single
platform and uses the latest analytic tools to create an unmatchable ROI for the product.
The company envisions being the definitive market leader on the Digital Media landscape
of India. So now come give us a chance to serve you so that we could create a win-win
situation on the most promising medium for the two of us.
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Why events:
During the event that is being conducted we will also merge the events with a Digital
Media campaign and this will act as an eye opener to the young candidates.
The basic skills in the candidate will help us to judge the leadership and innovative
qualities in a candidate after the event is complete.
Mission Statement
Enriching Rich Media
Services
Bluetooth Advertising
Internet Advertising
Video SMS
Video Emails
WiFi Advertising
Product Launches
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Contextual advertising.
Localized information.
Content on demand.
It's a breakthrough in technology which 3HD Media has developed wherein one could
communicate through Bluetooth for a distance of up to 250 meters.
According to the latest numbers, mobile telephony is expanding at the rate of 20 million
customers a month and there are currently 23 mobiles for every landline phone. Taking
this into consideration
3HD Media, with the help of Bluetooth advertising, can help you develop Business
Opportunities in restaurants & cafes, bars & nightclubs, cinemas & theatres, offices
schools, colleges, & universities, retail outlets & shopping malls, banks, exhibitions &
events, public places, airports & train stations
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Internet Advertising
3HD Media helps in creating high-conversion, interactive direct marketing services to
help brands succeed in the online marketplace. Through the medium of internet
advertising we help you in immediate publishing of content that is not restricted by place
or time.
In India, Internet users will more than double to 237 million by 2015 from the current
figure of around 100 million. At 3HD Media we do it for you!
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Video SMS
Video has an inherent appeal to audiences. Most of us want to "see" something before we
"read" something. In the context of internet marketing, 3HD Media brings to you video
messaging which can be used to enhance the consumer experience by educating the
viewer about the product or services, creating an image and building the brand.
3HD Media has made a breakthrough in the video messaging arena by bringing in the
unique compression technology which means greater flexibility & more data can be
handled in a small space. By means of 2G & 3G networks we enable video service that
allows users to make a video call, record video and send it to any other subscriber.
Voice or Video SMSes are fast ways to send short messages to any mobile subscriber. If
you're tired of typing a message, now you can simply record it! 3HD Media offers you a
non-intrusive and expressive way of communication to your target audience thus bringing
easier and faster communication to reality.
"Picture speaks a thousand words & videos a million" & therefore we introduce you to
our Video sms technology for
Shortens your time to market considerably & allows the transmission of timesensitive information
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Video Emails
3HD Media has streamlined the video email process to the point where the whole
recording, linking and sending process is done within our secure 3HD Media
systems.
We also allow you to record evergreen (reusable) videos ready to go at the push of
a button. These are often used as a follow up to a phone or email enquiry, and are
an effective first-step in the relationship building process. Our team at 3HD Media
offers unprecedented level of coaching and support that teaches businesses to put
the human element back into their communications.
3HD Media offers ground-breaking video compatibility with almost all handset
devices & with our video email compression technology we assure a revolution in
the video email marketing technology space.
When you use web video, you not only refine the process, you enhance it. Plain
text can only say so much. Video takes your processes via your message to the
next level
WiFi Advertising
Traditional marketing tactics have to be reinvented to keep up with technology and the
ever evolving demography. 3HD Media creates a direct response marketing opportunity
that will give you information that has not been available through traditional means with
the help of WIFI advertising.
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"The bottom line is that WiFi puts butts in seats," Our brand of WIFI technology is
designed to build a stronger one-on-one connection with your desired target audience.
3HD Media's WIFI advertising system can be used to:
Pre-qualify leads for your business by determining which users are meeting your
specific prequalification metrics.
3HD Media, through its WIFI advertising system attracts what you are looking for. We
have created a unique branding and data collection opportunity for advertisers wanting to
reach their target audience. Our software delivers targeted advertising campaigns and
collects the data for you in an easy-to-use and download interface.
Our unique opportunity and proven technology will advance your marketing effort
Product Launches
The business world today is witnessing cut-throat competition, not just due to the race to
increase the revenues, but also since all the brands are offering a wide array of products.
"Launching a product is similar to launching a rocket you have to break the tremendous
inertia that is holding the body at rest"
We can bring a perfect storm in making your product ready, your partners screaming at
you to ship and your buyers foaming at the mouth in anticipation. 3HD Media helps you
differentiate your brand from the rest and swoop on the handsets of your potential
customers, you can now:
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So what are you waiting for, when you can reach your customers/agents at just one click?
Thus being precisely cost-effective with the power of mobile video streaming you can get
the world out quicker, build your customer base faster and generate more revenue.
Instant MIS
Emotional Appeal
So what are you waiting for call 3HDMedia and take advantage of technology at its best
in this fast changing world.
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More than 40 children from special schools for physically and mentally challenged in and
around Mumbai are participating in this event. Expected audience of around 50-100
localities and other followers expected.
The event will be covered by DD networks (and radio).Print advertisements, pamphlets in
local newspapers shall bear a list of sponsors.
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LITERATURE REVIEW
In a business organization, a budget represents an estimate of future costs and revenues.
Budgets may be divided into two basic classes: Capital Budgets and Operating Budgets.
Capital budgets are directed towards proposed expenditures for new projects and often
require special financing. The operating budgets are directed towards achieving short
term operational goals of the organization, for instance, production or profit goals in a
business firm. Operating budgets may be sub-divided into various departmental
of functional budgets. No system of planning can be successful without having an
effective and efficient system of control. Budgeting is closely connected with control.
The exercise of control in the organization with the help of budgets is known as
budgetary control.
The process of budgetary control includes:
1. Preparation of various budgets.
2. Continuous comparison of actual performance with budgetary performance.
3. Revision of budgets in the light of changed circumstances.
A system of budgetary control should not become rigid. There should be enough scope of
flexibility to provide for individual initiative and drive. Budgetary control is an important
device for making the organization. It is an important tool for controlling costs and
achieving the overall objectives
Cost Plans and Budgets
Depending on the policies of your company, you may be involved with developing the
cost plan and maintaining the events budget. Often the client has been given a quote
before the show, which typically includes expenses such as pre-planning, travel,
subrentals, and other variable costs. Its the responsibility of the AV technician to
monitor the budget during the event. There are a variety of budgets, all created to track
and categorize every dollar.
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As an AV technician, you will have the greatest impact on two types of budgets:
Event budgets or event cost plans
Company budgets
It is easy to get these two types of budgets confused. Due to their close relationship, they
share several standard accounting characteristics.
Examples of a rental companys finances (Figure A) and the budget breakdown of an
event (Figure B) are on the next page. These are great examples of the blocks of financial
data that are organized and analyzed by the accounting department to forecast the
Financial standing of the company. Notice that both tables track similar data such as
income, revenue, and expenses; except an events budget is focused on financial details
of a single event rather than the impact of many events.
When it comes to individual shows, the cost structure changes in comparison to the
companys overall picture. An event that uses minimal outside resources will appear to
be more profitable.
Key Financial Factors During an Event
Making good decisions during crisis situations can be a daunting task. You must use your
knowledge of the shows budget, the clients temperament, and your companys resources
to come up with viable solutions. One resource that you can use to make informed
decisions is the employee time log. This will help you know the status of each employee.
Before you make a decision look at the key factors to consider during a crisis:
Fixed labor
Unreimbursed (you cannot charge your client) overtime
Unreimbursed (you cannot charge your client) supplies
Unnecessary sub-rentals
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Prologue
Davies and Brown (2000) write that festivals and events are special times in peoples
lives, they give us the opportunity to go outside normal experiences for a cultural, social
or leisure experience (p.169). The public use of the word event does not necessarily
concur with the scientific use of it (Loos, Hermes, & Thomas, 2008). The literature
available is mostly not concerned about defining the word event prior to undertaking
research in the field, which leads to communication gaps and misunderstandings.
To prevent common misunderstandings this literature review defines, discusses and
structures the comparatively young industry of event management. It starts with the
origin of the word event and the industry of event management, followed by the
importance, the influencing factors and the skills of people within the industry. The last
part of the literature review is devoted to a framework of best practices in event
management. The outcome of the literature review is a base to work from throughout the
thesis and beyond.
Sports Participation and Development Studies
In conducting this research we were looking for previous studies which
assessed the impact on levels of participation in sport following major events.
We were also concerned to look at the development of new facilities as part of
staging sporting events and their usage since.
General Trends
Considerable research exists on the general trends in sports
participation and this provides useful baseline information - a context within
which the assessment of the impact of Manchester 2002 must be placed about what we might expect from sport development impact of a major event
(including Manchester 2002).
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Gratton and Tice (1994) used the General Household Survey (GHS) to
analyse trends in sports participation between 1977 and 1987. Their results
show:
that indoor sport has increased the most rapidly (60% increase in
comparison to 13% increase in outdoor sports)
the average age of participants increased across all groups
a higher number of those retired from employment were participating in
sport and the number of females participating in sport increased.
the most popular outdoor activity was walking (19.1% participation rate)
the next most popular outdoor activity being football (2.7%)
swimming (indoors) was the second most popular activity overall with a
participation rate of 9.5%.
They concluded that growing number of those taking part in indoor
sports can be attributed to massive public investment in new indoor facilities
over the 1970s and 1980s. Gratton and Tice conclude that their statistical
analysis indicates that age is less of a barrier to sports participation than in
earlier years. The older sports participants also had a much wider range of
non-sport leisure interests than non-participants suggesting that they have a
rich and varied leisure lifestyle (1994: 66). They recommend that provision of
publicly provided indoor facilities may prove to be an important policy for
preventive health care for an ageing population.
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Use of costing
Every economic activity such as production and services involves some expenses. These
expenses may be of raw materials, labour cost or other direct and indirect expenses. The
purpose of production or services is that to earn profit. Cost accounting serves the
purpose of identifying the expenses and cost and the profit margin of the product. For
example a cloth factory launches a new shirt. It has to incure $30 for material $ 20 for
labor and $ 25 for other overheads. The selling price fixed as $ 100. The cost of the shirt
is $ 75 (30+20+25) Profit is $ 25 (100-75).
Every manufacturer requires such information for the purpose of planning, decision
making and cost control. Most of the time it is difficult to extract such information from
the financial accounting. A new system of accounting is developed to cater the
requirement of the management to control the cost. Various limitations and deficiencies
of financial accounting gave rise to the need of cost accounting.
Costing provides the following benefits:
1. Fast Decisions: Costing help the management to take fast and informed decision on
the basis of data provided by the Cost Accounting.
2. Optimum Profit: Costing help the organization to maximize the profit by exercising
efficient control in personal, financial, production and marketing activities.
3. Maximum utilization of Limited Resources: By minimizing the wastage, once can
minimize the wastage and maximize the utilization of resources.
4. Maintain Social Responsibility: Social responsibility in terms of regular supply,
reasonable price, proper quality can be attain by effectively utilizing the cost accounting.
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2300
0
Profit
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500
250
200
1450
500
300
3500
300
500
900
350
13200
550
22500
500
DISTRIBUTION OF BUDGET
SPONSORSHIP LIST:-
Company
Cash\Kind
Cash
5000
Mauli Travels
Cash
6000
Prime Holidays
Cash
12000
Total
Contribution
23000
Domino's
Kind
Kind
Kind
Kind
SIBM College
Dr.Reddy
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OBSERVATIONS / FINDINGS
Plan For the event:
One of the most important things to think about when organizing a race is setting
realistic goals.
Both types of races have their advantages, as long as expectations have been set
appropriately.
Dont think youre going to be the boss of the marathon at your first go, noted
Camire. If you set a goal of 25,000 and get 25 people, youll be disappointed.
If you set a goal of 25 people and get 25 people, youve met your goal.
How to determine which expectations are reasonable?
You need to determine resources to make this thing happen. If you have a whole
committee of people, a major company or major cause behind you, then
significant expectations might be reasonable
All you really need is two people to compete. Two people and its a race. Youre
up and running
If you can get 200 people to your first event, thats a pretty good goal. But
remember, a race is a race. All you really need is two people to compete. Two
people and its a race. Youre up and running, said Camire
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Safety First:
The first important lesson I learned about racing over the years, is to make sure
no one dies, chuckled Camire. Clean and simple. Safety is No. 1.
Here are a few pointers to make sure youre prepared to keep everyone at your
event safe and sound:
Make sure there is plenty of water on the course
Make sure traffic control is present so no one gets hit by a vehicle
Use volunteers and make signs to make sure people stay on correct course
Make sure you have medical presence
You probably want to have an ambulance or EMT present. But it may be as
simple as educating your volunteers to not hesitate to call 911 immediately in the
event of an emergency, Camire said. The point is: be prepared for everything. If
everyone makes it to the finish line safely, its a successful event. Safety is the
most important thing.
Plan the Logistics:
There are lots of odds and ends associated with a race besides the actual race.
Heres a list things first-time race directors might forget to have on their to-do
lists:
Race-day checklist
Accurately marked course
Accurately measured course
Well-run registration to ensure all participants registered properly
Awards / Ceremony
Results
Medical presence
Water stops
Post-race music and food
Goodie bags / T-shirts
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Get Permission:
If you dont have permission, you cant do your event, said McGillivray. Once
you decide where you want to conduct the event, you have to go to the permitting
authorities and get permission.
Sunstrides was co-organizing an event with another organization that was
responsible for getting the permit when, two months before the event, she was
informed by the city that they had no awareness of the event.
By this time, it was too late to get approval for that date so they rescheduled the
date and tried to rush the permit through. We delayed promotions until too close
to the event and eventually had to cancel. It was a huge waste of time and energy
that we wouldnt have wasted if I had a permit in my hands from the get-go.
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-
:
,
,
( ) .
.
: . .
:
Ms. Romila Machado
HR Manager
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More than 20 schools in and around Mumbai from special schools for physically
and mentally challenged children are participating in this event. Expected
audience of around 50-100 localities and other followers expected.
The event will be covered by DD networks (and radio).Print adverstisements,
pamphlets in local newspapers shall bear a list of sponsors.
The event is basically organised for a good cause. For physically challenged
children so a greater media interest is anticipated.
Sponsorship can be cash/cheque. A minimum of rs.10000 and we will be
advertising in our pamphlets. And banners shall be put up on the day of the event
on the venue. Regular announcements of our official sponsors on the day of the
Event.
CERTIFICATE FOR PARTICIPANTS
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PAMPLETS
Miles for hope
Invites you to a mini marathon
On 3rdJune,2012
Venue :Samaj-sevikaSavitribaiphulemaidaan,
chandivali,Mumbai-400072
Timing:7.00am to 10.00am
Miles for hope with 3hdmedia is one event specially for the people with
disabilities to encourage their performance in all aspects of life. The marathon
will be for children from special schools all over mumbai.
Every runner will be awarded participation certificates.
Powered by:
Sinhgad Institute of Business Management
Domino's
Ribbons&Balloons
Jindal Steel
Prime Holiday
Mauli Travels
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BANNERS
Page | 57
LIMITATIONS
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CONCLUSIONS
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