Qualitative Analysis Of Comparative Market Data For Your...

4. Identify and review a range of external sources of information (such as relevant books and articles, information on the internet, benchmarking studies) in order to conduct a qualitative analysis of comparative market data for your business. Write up the results of your qualitative analysis. External sources of information Results of reviewing these sources Book name 1:Astrid N. (2004) Coffee, tea, Chocolate and the Brain, published by Taylor Francis Ltd, London, UK Coffee, tea, and chocolate are among the most frequently consumed products in the world. The pleasure that many experience from these food is accompanied by a range of favorable and adverse effects on the brain that have been the focus of a wealth of recent research.†¦show more content†¦5. Identify and describe the company’s competitors, as well as analyzing relevant information such as market share or number of customers in relation to your chosen business. Discuss and report on the opportunities and threats that this creates? Company names Products offered by these companies Market share of these companies Westend Market Hotel Tab, Night club, Bistro, Accommodation, Function room hire, pokies, public events 49% The Ashley Hotel Tab, Gaming, Bistro, Alcohol 21% Palms Hotel Bingo, Pokies, Alcohol 14% Braybrook Hotel Pokies, Buffet, Alcohol 16% Opportunities and threats that this creates: †¢ Franchising: it is a relationship in which the owner of the business allocates to independent individuals the right to market and distribute the goods or service, and by using the business’s name for a fixed period of time. The International Franchise Association defines franchising as a continuing relationship in which the franchisor provides a licensed privilege to do business, plus assistance in organising training, merchandising and management in return for a consideration from theShow MoreRelatedQualitative Analysis Of Comparative Market Data For Your Business Essay1519 Words   |  7 Pages25 km 25 km – 30 km 30 km – 35 km 35 km – 40 km Quantitative analysis techniques Results Result mean in terms of market trends and developments and impact on the business mean 20 km They live very close to the cafà © and they have a lot of choices and options to choose from the other cafà © and restaurant, they can be easily attracted to the other business once they find the offered products can meet their demands. In the future the business needs to target more of the customers within from 20 km of theRead MoreThe Importance Of A Qualitative Analysis Of Comparative Market Data For Your Business Essay2393 Words   |  10 Pagesinformation on the internet, benchmarking studies) in order to conduct a qualitative analysis of comparative market data for your business. Write up the results of your qualitative analysis. External sources of information Results of reviewing these sources Book name: Guide to the Fashion industry Written by Holly Han Published in 2003, by Vault Inc. The book provides information about fashion, especially a basic guide for doing business in fashion industry. It gives an insight into the industry with theRead MoreAnalyzing The Market Trends And Developments Essay1383 Words   |  6 PagesInterpret market trends and developments From: f_fongsaboo@hotmail.com To: ling@barklycollege.com Subject: Analysing the market report for Angel cream company Dear Ling, Please find the attachment for marketing analysis for Angle cream. And please give a feedback back to me as soon as possible. Kind regards, Nichapat Assessment Task 2: Project – Market analysis Introduction Founded in 2015, Angel cream is the newest range of natural skincare from Angel product, one of the biggest manufacturersRead MoreMarket Trends And Developments Of Nikee Food Company2193 Words   |  9 PagesInterpret market trends and developments Assessment Task 2: Project – Market analysis The business that I would like to discuss is Nikee Food Company which specializes in importing vending machines and commercial food and beverage equipment. This business is situated in 200 Elizabeth Street ,Melbourne, VIC 3000.They have planning to penetrate the vending machines and plan to participate in the $321 billion food and beverage industry by supplying high quality innovative equipment. It offers productsRead MoreAnalyzing Market Trends And Developments Essay1706 Words   |  7 PagesInterpret market trends and developments From: sometimeskub@hotmail.com To: ling@barklycollege.com Subject: Analysing the market report for TEE company Dear Ling, Here is the marketing analysis report of T-House company according to BSBMKG507 Interpret Market Trends and development. The full report is attached. Please reply me with feedback about the report. Kind regards, Sanchai N. Assessment Task 2: Project – Market analysis Introduction T-House company is selling chestnut imported from ChinaRead MoreBusiness Goes With The Mean Data Analysis1335 Words   |  6 Pagesthe business goes with the mean data analysis; the customers coming in the hotel will be within the range of 20kms. If they go with median data analysis, range will only be with in 20 and 25kms. And if the go with the mode data analysis, the range could be anything from 5 to 40kms Identify and review a range of external sources of information (such as relevant books and articles, information on the internet, benchmarking studies) in order to conduct a qualitative analysis of comparative market dataRead MoreUnderstanding Market Trends And Developments Essay1808 Words   |  8 PagesInterpret market trends and developments Assessment Task 2: Project – Market analysis In this assignment I will discuss a business called Sim Cafe. It is located in 20 Burke Street, Melbourne, VIC 3000. The business has been operating for the past 10 years. It offers products of: †¢ Cappuccino †¢ Latte †¢ Milk shake Executive summary This report intends to discuss the following topics: †¢ Conduct market trend analysis according to the current and historical business data †¢ Assess the business impactsRead MoreA Report On Launching Amistar India And The Reasons Why It Is An Appropriate Country For This Product1275 Words   |  6 Pagesproduct. Name: Carl Getrude Mutabeni (company associate) School Institution: Lsst (Luton campus) Manager: AIM The aim and point of this report is give reasons why launching Amistar in India is a good idea. By gathering data, to discover if the business will flourish or if the business will be unsuccessful. The project will also aim to take an extensive look at the current country’s well being to see if our product is suitable, to examine if the infrastructure is appropriate enough for launching ourRead MoreQuantitative Analysis : Market Trends And Developments And Impact On The Business1633 Words   |  7 PagesQuantitative analysis techniques Results Result mean in terms of market trends and developments and impact on the business mean 20 km The mean (or average) is the most popular and well known measure of central tendency. It can be used with both discrete and continuous data, although its use is most often with continuous data median 20 km – 25 km The median is the middle score for a set of data that has been arranged in order of magnitude. The median is less affected by outliers and skewed data mode noneRead MoreEssay on Loren Inc770 Words   |  4 PagesMethodology You must use this format to prepare your case study analysis and recommendations for course assignments. Organization Background This section provides the context for the issue / organization being examined. It is necessary and important that the class be given a feel for the type of organization and industry being examined, the marketplace in which that industry operates, and the overall business environment in which the discussion and analysis will take place. Defining the Issue It

Case Study Accountancy And Management Education Essay Free Essays

Personality: This the most of import characteristic of any single. In simple we can state that personality is what which constitutes differentiation of individual A ; individualism. We can besides specify personality in following ways as given under: *Something said or written which refers to the individual, behavior etc. We will write a custom essay sample on Case Study Accountancy And Management Education Essay or any similar topic only for you Order Now , of some single, particularly something of a disparaging or violative nature, personal comments as indulgence in personalities. *That quality of jurisprudence which concerns the status, province, and capacity of individuals. *The composite of all the properties — behavioural, temperamental, emotional and mental and that characterize a alone person, â€Å" their different reactions reflected their really different personalities † . It the nature to assist others. These definitions present the best thought about personality. Personality Development Opportunities To do the program ordered, foremost, self-awareness is really of import. I can merely specify my scheme and subject after I know what my strengths and developmental countries are. However, for me, I ‘m certain I know these really good. I have strengths on dutifulness, cautiousnesss and artistic involvements, but I need to better myself on the countries of cooperation, activity-level and imaginativeness. Knowing myself specially and Bettering my developmental countries while continue working on my strengths, I can better myself comprehensively.A Self personality Exploration: Strengths ; The first strength of me is dutifulness. I ‘m a individual who has a strong sense of responsibility and duty. For me, I feel dutifulness is really of import for a individual either as single or a squad member because I believe â€Å" no hurting, no addition † . As a consequence, when I receive a work, I pay one hundred per centum attending to make it carefully and complete it on clip. I arrange my agenda ordered to do certain I do n’t detain in something. As I making these, I have made myself go a dependable individual. Second, I ‘m friendliness. Like what the IPIP-NEO paper describes about friendliness, friendliness people make friends rapidly and easy to organize near relationship. They treat friends truly and openly, and they can allow their friends feel comfy with them. I do all of these things of course. It ‘s like I was born with optimistic. I like to do friends and stay with my friends. I may concern about their jobs and assist them every bit much as I can when they are needed. I do n’t experience tiring when they complain something or speak their unhappiness to me. I think friend is a really of import group for me in my life. If I do n’t hold friends any longer, I would non accomplish either my life or calling ends successfully. Third, I have abundant artistic involvements. I like both art and nature beauty with all my bosom. I like to detect people ‘s visual aspect and idiosyncrasy because I believe everyone has their alone beauty no affair indoors or outside. Absorbing the different beauties from different people no affair they are in the existent life or from their professions, I make my ain manner and make my peculiar aesthetic foresights. Besides, I like to go to different topographic points to see their peculiar natural and human landscapes. It makes me experience my life in this universe is colourful. These three strengths are showed evidently in my life. Because of them, I have gained a batch of worthy values and memories in my early life ; moreover, they make my ends further. Failings ; However, when I province my strengths, my failings which include low ability on cooperation, low activity-level and deficit of imaginativeness besides show evidently. First of my failings which is a serious job for me is low ability on the cooperation. Even though I ‘m an optimistic and friendly individual, I do n’t wish to work with people initiatively. For some grounds, I do n’t believe working with others is more effectual than working separately and I do n’t wish to deny my ain demands to acquire along with others. I ever think in my manner and want people agree with me. It ‘s a small hard for me collaborating with others to carry through undertakings. Second, I ‘m low in activity-level. Although I ever say I like the busy life which I can affect in many activities and travel approximately energetically, I ca n’t do it come true in my existent life. I about ne’er complete the prep at the first several yearss when the professor assigns it. Besides, I ever give myself an alibi to hold remainder or hold to make something unnecessarily. It ‘s like I become far off to the busy life but live in a relaxed and slow gait. Third, I ‘m short of imaginativeness. I ca n’t understand why a individual with high artistic involvements is deficiency of imaginativeness ; nevertheless, I am such kind of individual. In fact, because of my slow gait of life, I leave myself in a place that merely to accommodate the existent life but non to alter it or to hold an ideal imaginativeness of it. Like, I would non conceive of that one twenty-four hours I will go a prince and married with the princess or I will go a ace theoretical account because I merely know it will ne’er come true.A By traveling through all my peculiar strengths and failings, I clearly know my existent place now. To carry through my ends and be successful, merely saying failings is non plenty, I besides need to do an effectual scheme to assist myself in accomplishing my ends. I need the cognition modesty, engagement on particular activities, academic preparation, personal preparation, work experience and on-the occupation preparation to assist me to better both my strengths and developmental countries. Personality Development Plan ; Short-Term Development Path Objectives ( 1-6 months ) ; In order to accomplish my life and calling ends, in the first 1-6 months, for cognition, I need to make good in my categories in following two quarters and read more books to distribute my ideas and cognition. I besides need to fall in more activities to better my cooperate accomplishment. Last but non least is that I need to seek my best to accommodate the life in UK. I non merely necessitate to better my English accomplishments but besides need to affect in UK pupils ‘ life so that I can both better my cooperate accomplishment and increase my activity-level.A Medium-Term Development Path Objectives ( 6-12 months ) ; After completing this short program, I need to hold an betterment in my preparation degree. Now I need to believe about how I can better my developmental countries specifically. Besides larning more cognition non merely from the books but besides from the society, I need to pay attending in every small facet of life. I need to believe more about others and make every small thing more active such as finish the prep every bit shortly as possible, make reappraisal and prevue everyday and exercising every twenty-four hours. I besides need to affect in some nines to better my cooperation ability and increase activity-level. Trying to happen a occupation on campus is besides a good manner for me to better my developmental countries. It will non merely assist me to collaborate better with others but besides can increase my imaginativeness from the emphasis work. By believing about the summer holiday is in this term, I schedule myself to hold a wood coal drawing and dancing preparations in following summer. In order to increase my imaginativeness, I need to derive more about the artistic cognition and feelings. I need to do myself unrecorded in my universe easy ; nevertheless, when I am pulling and dancing, I can easy to utilize fantasy to make a richer universe. Long-Term Development Path Goals ( 1-3 old ages ) ; In this last period, I will give myself a extremely betterment. From the cognition, merely to cognize the constructs studied in the text edition is far from adequate. To believe logically how finance and selling apply in the concern country and how can I turn the cognition to the actions with accomplishment and easiness are the chief intents for my betterment in this cherished period of life. I need to absorb other schoolmate ‘s advantages and professor ‘s experience in the concern country carefully from every category and group undertaking. After I gain adequate and well-set cognition, I need to happen an internship in an investing bank or an international corporation to use my cognition rely on the existent state of affairss. For this program, I combine the academic preparation and work experience to give myself a deep betterment non merely in cooperation but besides in activity-level. Besides, besides deriving academic preparation and work experience, I need to give myself a personal preparation in the art country. Because I want to work in a manner trade name, it ‘s perfectly that I need to hold cognition related to art and manner. Due to the concern school ca n’t give me developing in this country ; I need to make it by myself. I will give myself a pulling preparation in every holiday in the coming old ages. In add-on, I will go to some manner nines on the cyberspace with people who study in the art big leagues. By speaking with them, I will cognize what academic cognition I need to hold needfully and seek to larn them by myself or by taking class preparation. By taking this program, I will better my cooperation accomplishment, activity-level and increase my imaginativeness and artistic involvements together while I ‘m larning the academic art accomplishments. Individual Personality Development Plan of Action ; Making a program is really of import for success ; nevertheless, in order to do the program more effectual, the program needs to be specific into actions. In my development program, I pick of import actions to do them specifically. The actions I pick are self-study, internship and engagement on particular undertaking. I need to carry through two sorts of internship which are working in an investing bank and working in an international corporation in the following three old ages. I will take to work in an investing bank foremost because I ‘m majoring in finance now. I need to use my cognition to the existent state of affairss to happen my failing and better myself. This action will be finished at the beginning of the junior twelvemonth. After I finish this internship, I ‘m certain I will larn a batch about the concern country and have a high betterment on my developmental countries. Then, in the senior twelvemonth, I will get down my following internship which is related more close to my concluding end. Because I have already done an internship, I know what I need to make and necessitate to better better than earlier. Therefore, this clip, when I work in an international corporation, I need seek to carry through my undertakings absolutely by handling myself as a formal member of the corporation. This internship will be finished at the terminal of my of my survey. Decision ; In decision, in order to accomplish every end in my life, making an single personal development program is really of import. It non merely can assist me to cognize my existent place specifically but besides can allow me believe and make every action logically and orderly. Bing a selling manager in an international manner corporation is non that easy. However, I ‘m certain I can accomplish my end by following my plan measure by measure. Because of my involvements, difficult work and continuity, I believe there is one twenty-four hours I will hold a large calling in the manner country. How to cite Case Study Accountancy And Management Education Essay, Free Case study samples

Festival And Event Management Samples †MyAssignmenthelp.com

Question: Discuss about the Festival And Event Management. Answer: Introduction Festivals are an epitome of cultural heritage. These festivals and events cater to the entertainment needs of the people. In order to make the events a grand success,effective management styles are needed. Typical examples in this direction are arranging the required raw materials well in advanced; indulging in meetings among others (Getz Page, 2016). Herein the interrelationship between the festivals andevent management is projected. This assignment develops a plan for Farewell party. The main highlights of the action plan are the key resources needed and the key stakeholders. Along with this, the plan also provides an insight into the stakeholders to be involved in the planning for the financial aspect. Background of the event Trimester means the students are at the end of their courses. Throughout the year, the professors have toiled hard to prepare the students for their future life. Therefore, the farewell party would serve as a tribute towards the efforts put in by the professors for shaping the career of the students. On the contrary, it is also the ceasing of the outstanding performance exposed by the students in the university (Mair Whitford, 2013). The second year students would bid farewell to their seniors, which can be considered as a new definition to their friendship. Every year, farewell parties are organized for the students of the third year. Consistency would be maintained in this year as well. The initial preparations have started in order to avert the emergencies at the time of the actual event. Viewing it from the other perspective, the farewell party would enhance the image and reputation of the university among the students and the other stakeholders (Smith et al., 2014). Purpose of the event Students enroll themselves in the university to attain higher education. It is such a stage in their lives, where they are expected to do quality studies for their academic establishment. In this process, the professors play a major role. In other words, the students, professors and other university staffs undergo drab monotony to excel in their respective profession. In order to provide recreation to the students from this drab monotony, the farewell party would be organized for the students of third year (Brunetti Demetz, 2016). In view of this connotation, one of the purposes of the event is the recreation of the students beyond their studies. The events such as farewell and cultural programs in it are also one of the essential means of expanding the scope and arena of the university. Inviting the foreign delegates in these events paves the way of foreign market penetration for the university. In response of these aspects, business expansion is one of the other purposes of the farewell party. Big events like the farewell events also serve the purpose of raising funds and charity. The main purpose of this farewell party is to collect funds for providing quality treatment to the patients suffering from leprosy (Mller, 2015). Key resources Some events are very large and need an oriental approach from the planning till the closure. The same is applicable for this farewell party. In terms of the key resources needed the university personnel and the students giving the farewell need to indulge in meetings. At the initial stage, a rough list can be prepared, which can include the following items: Furniture Chairs Tables Stage Light and Sound Catering Electricity Music systems DJ Props for the cultural shows Recorders Volunteers Prizes First aid services Emergency fire extinguishers Venue decoration items Notice to the third years regarding the farewell In the evaluation of the prepared list, the additional resources required would be brought to the forefront. For this, the planning needs to be done well in advanced, so that exigencies at the last moment can be handled in an efficient and effective manner (Jones, 2014). Pondering upon the prepared list, fire extinguishers and first aid services are essential in terms of ensuring the safety and security of the university personnel and the students. In view of the purpose of charity collection for the leprosy patients, music systems and DJ can be opted out. Countering this, music systems can be kept provided they are operated in regulated levels. Regarding the decoration, it can be done as minimum as possible (Niekerk Getz, 2016). However, to lure the foreign delegates, the auditorium can be decorated according to the identified and the specified purpose. The award ceremony can be done with great pomp and show, as these awards would be a token of appreciation for the students for the marvelous performance exposed by them during the tenure of their course. Here an announcement can be made that the students, who are willing to extend support to the leprosy patients, would be awarded certificates of appreciation. Furniture is an essential part of the event, without which the farewell party would not be possible. As a matter of specification, tables, chairs and stage need to be flexible enough, otherwise there is a tendency for the personnel and the students to fall, leading to various accidents (Brown et al., 2015). Here, the orders for the tables, chairs and stage need to be placed well in advance, so that the defective ones can be replaced before the actual event. Apart from this, flexible and strong tables and chairs can be hired on rent. Light needs to be perfect for making the audience understands what program is being staged. The microphones need to be tested, so that the sounds are audible to the spectators sitting on the last row of the auditorium. Regarding the catering services, vegetarian and non-vegetarian preferences need to be taken from the audience. The preparation of the dishes would depend on these responses of the students and the university personnel (Litvin, 2013). To be on the safe side, preparing extra dishes would help the university personnel to tackle the instances of extra guests. Buffet service would be one of the effective options in terms of letting the guests eat as per their capacity. The waste generated here can be collected and distributed among the poor people. For the disposable waste, solid wastemanagement technique can be adopted. This technique would enhance the cleanliness of the university. Key stakeholders and shareholders Stakeholders are the ones, who are affected by the profit and loss of the companies and organizations. Stakeholders can be divided into internal and external. The internal stakeholders of the farewell party are the students, professors and the other staffs. On the other hand, the external stakeholders are the suppliers, event planners, caterers among others, or the external shareholders (Warnick, Bojanic Xu, 2015). Arranging meetings regarding the event would enhance the clarity of both the internal and the external stakeholders regarding the steps taken by the university personnel about making the farewell of the third year students a grand success. Interactive sessions would be an effective means of clarifying the doubts of the personnel regarding the efficient execution of the allocated duties. Using social media for sending the orders to the suppliers would be effective in terms of making the arrangements well in advanced. On the other hand, it would enhance the stability in the relationship between the university and the stakeholders. Moreover, social media would enhance the scope and arena of the university business (Miranda, 2016). Countering this, the university personnel need to identify the stakeholders, who possesses flexibility to make large events, like farewell, a grand success. For this, market research is one of the best options. For example, to arrange for catering services, the university personnel need to search for the best companies providing quality food in such large events. Search engine optimization would directly take the personnel to their required search. The same is applicable for the electricity, furniture and other resources. Here, the need is to assess whether the hired stakeholder would be feasible enough to fulfill the identified and specified cause of the event (Deery Muskat, 2014). If it is found that the hired supplier lacks the capability to fulfill the allotted duties and responsibilities, immediate replacement needs to be thought about. For this, enough time needs to be kept at hand, so that the essential requirements at there at the time of the actual event. Financial planning Finance is one such parameter, which is the cornerstone for introducing lucrative schemes and offers for the stakeholders. Without the financial aid, the farewell party of the university would be meaningless. Financial inadequacy would compel the university personnel to do away with the event in a haphazard manner (Xie Sinwald, 2016). Without adequate financial assistance, the university personnel would not be able to organize the farewell party, which would reflect the incapability towards providing a token of appreciation for the hard efforts put in by the students for their academic establishment. This would be a shameful act in terms of the reputation of the university. In order to avert these instances, evaluation of the financial condition is crucial prior to the planning of such events, like the farewell party. In case of inadequate financial resources, the university needs to hire sponsorships for organizing the events. This would provide financial support to the university. Critically perceiving the financial inadequacy, the aspect of charity collection is effective (Ahmad et al., 2013). However, the collected charity would be given to the Leprosy Foundations, taking the plight of the university back to the stage of financial inadequacy. Making concrete plans regarding the achievement of financial flexibility is a vital step for the university personnel for organizing a grand farewell party for the third year students. Within this, indulging in partnerships with the trade union members would be an important step in terms of averting the instances of encountering inflations and fluctuations in the prices of the raw materials among others. The issue of taxes would be an important point to consider in case of buying the essential requirements (Weidenfeld Leask, 2013). Savings from beforehand would act assistance for the university personnel in times of this financial crisis. Cultural programs Cultural programs would add value to the farewell party. Keeping songs, dances and dramas would entertain the audience largely. If these performances are from different countries, it would surely lure the attention of the spectators. However, for this, a large financial assistance is needed, which can be achieved from the bank accounts or through sponsorships. Mainly finance is needed for the props and costumes (Della, 2013). Along with this, the artists coming from abroad to perform in the farewell party needs to be paid well, for which the university needs to plan the financial parameter in an effective manner. Here also planning is needed in terms of which song, dance or drama would be staged first. The event can be started off with a welcome song, followed by dances and drama can be staged at last, as it needs make up and dress change in between the scenes. Rehearsals need to be done to check whether the planned performances are in sequence (Weidenfeld Leask, 2013). There can be a stipulated time for the rehearsals, which would not hamper the studies of the students, who are performing in the event. Here, the anchors would play a major role in maintaining the sequence of the events. The students performing solo or chorus songs need to do stage rehearsals to see whether the standing arrangement is in synchronization with the space of the stage. This is also applicable for the students performing dance and drama. In case of the drama, the performers need to ensure that there is enough space for them to move about the stage for the entrance and exits. Many stage rehearsals are needed with the light as well as the cameraman to put the things in proper sequence before the actual event (Ahmad et al., 2013). Large projectors can be placed at the back side of the stage as well as on the rear side of the auditorium. This would enable the audience on the last row to see the events, taking on the stage clearly. Installation of so many projectors needs huge financial assistance, which needs to be reviewed well in advance. One of the other aspects here is the security. Skilled and qualified guards need to be posted at every entrance and exits. These guards would check the passes provided to the audience. Applying conscious attitude in this checking would mitigate the trespassers disturbing the integrity of the event (Xie Sinwald, 2016). At the end of the cultural program, all the audience would be provided with coupons for the refreshments, which would be available in the dinner hall. Action plan Plans possess flexibility to systematize the activities according to their priority. This is applicable for all kinds of activities including the farewell party planned. At the initial stage, a rough draft of the event needs to be planned by the personnel with the help of the second and the first year students and the professors. This draft needs to be sent to the managerial authorities for their approval. After receiving the approval, plans need to be made as to how to proceed with the event (Deery Muskat, 2014). Activities Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Preparing the rough draft and sending it to the higher authorities Beginning the initial plans First round evaluation Consulting the suppliers, event planners and caterers Preparing the budget Second evaluation Plans for cultural programs Consulting the electricians, light and the cameraman Final evaluation before the event Table: Action plan for the farewell party Meetings are one of the best ways in which plans for the farewell party can be made in response to the approaches of the personnel, professors and the students. Within this, one of the primary activities is to decide the date, time and venue of the farewell party (Miranda, 2016). Notice We are very pleased to announce that there will be a farewell party for the third year students on 17th September 2017, that is, next Sunday, in the auditorium. The event would be enriched with cultural programs, followed by refreshments. The audiences are requested to take their seats by 3:00 PM sharp, as the program would start at 3:30 PM. We request your cooperation for making the event a grand success. RSVP ______________________ As a sequential step, notice needs to be put up, which would inform the third year students about the farewell party. After this notification, the university personnel needs to consult with the suppliers, event planners and trade union members regarding the key resources required for organizing the event. These plans would help in establishing the budget for the event. This budget, in turn would make the personnel aware of the additional resources needed for the event of farewell party (Warnick, Bojanic Xu, 2015). After developing the budget and reviewing the present availability of the resources, the university personnel need to indulge in meetings with the suppliers, event planners and catering companies regarding the required things. This is a prolonged process; therefore a huge amount of time needs to be devoted to this activity. Evaluation would be an important step in the plan, which would make the university personnel aware of the drawbacks. Spontaneity in modifying these drawbacks would enable the personnel to avert the instances of emergencies at the time of actual event (Litvin, 2013). On the contrary, lackadaisical attitude towards the drawbacks would compel the personnel to encounter chaotic situations, destroying the purpose of the event. Frequency needs to be maintained in the execution of evaluation, which would enhance the awareness of the personnel regarding the preparation of the event and making it a grand success. Conclusion This assignment emerges successful in developing a plan for the farewell party of the third year students of a university. The background of the event enhances the clarity of the readers regarding the need for such events. The purpose of the farewell party is an addition to the background, taking the readers directly to the plan. Financial planning justifies the key resources needed by the university personnel to make the farewell party a grand success. Cultural programs are a part of the event, which can be synchronized through the application of an oriental approach towards planning. Action plan is a summarization of the main attractions of the activities to be undertaken by the university personnel for organizing the farewell party. References Ahmad, N. L., Rashid, W. E. W., Razak, N. A., Yusof, A. N. M., Shah, N. S. M. (2013). Green Event Management and Initiatives for Sustainable Business Growth.International Journal of Trade, Economics and Finance,4(5), 331. Brown, S., Getz, D., Pettersson, R., Wallstam, M. (2015). Event evaluation: definitions, concepts and a state of the art review.International Journal of Event and Festival Management,6(2), 135-157. Brunetti, F., Demetz, S. (2016). Behavioural event management: a proposal of application of the behavioural perspective to the planning and organization of cultural events.Il Capitale Cultural: Studies on the Value of Cultural Heritage, (13), 341-362. Deery, M., Muskat, B. (2014). Strategic event manager: Leader and group orinetated practices of knowledge transfer.CAUTHE 2014: Tourism and Hospitality in the Contemporary World: Trends, Changes and Complexity, 809. Della Lucia, M. (2013). Economic performance measurement systems for event planning and investment decision making.Tourism Management,34, 91-100. Getz, D., Page, S. J. (2016).Event studies: Theory, research and policy for planned events. Routledge. Jones, M. (2014).Sustainable event management: A practical guide. Routledge. Litvin, S. W. (2013). Festivals and special events: making the investment.International Journal of Culture, Tourism and Hospitality Research,7(2), 184-187. Mair, J., Whitford, M. (2013). An exploration of events research: event topics, themes and emerging trends.International Journal of Event and Festival Management,4(1), 6-30. Miranda, R. N. (2016). Event Management Volume 20: How Have We Done?.Event Management,20(1), 1-2. Mller, M. (2015). What makes an event a mega-event? Definitions and sizes.Leisure Studies,34(6), 627-642. Smith, K. A., Lockstone-Binney, L., Holmes, K., Baum, T. (Eds.). (2014).Event volunteering: International perspectives on the event volunteering experience. Routledge. Van Niekerk, M., Getz, D. (2016). The Identification and Differentiation of Festival Stakeholders.Event Management,20(3), 419-431. Warnick, R. B., Bojanic, D. C., Xu, F. (2015). Using a trade market analysis technique to refine measurements for economic impact analysis of special events.Journal of Travel Research,54(1), 52-65. Weidenfeld, A., Leask, A. (2013). Exploring the relationship between visitor attractions and events: definitions and management factors.Current Issues in Tourism,16(6), 552-569. Xie, P., Sinwald, A. (2016). Perceived impacts of special events by organizers: a qualitative approach.International Journal of Event and Festival Management,7(1), 50-65.