Connect with us:
Wednesday / June 20.

The Latest Event Industry Insights

The Ultimate Guide to Corporate Event Planning

The Ultimate Guide to Corporate Event Planning

As Peter Drucker once said, “Plans are only good intentions unless they immediately degenerate into hard work.” When organising a successful party or a business meeting for one of the most demanding category of event-goers, corporate staff, you need a well-laid-out plan.

How do you know what bells and whistles will wow your audience? How do you manage your event team? And how do you ensure nothing gets lost in the shuffle? Below, we’ve made a bold attempt to answer all of these questions and more in one comprehensive corporate event planning guide.

Here’s what you’ll know after reading this post:

  • What is a corporate event, and what are the main reasons for organising one?
  • What makes a corporate event different from other types of events?
  • What are the key types of corporate events?
  • How to organise a corporate event step-by-step?

What is a corporate event, and what are the main reasons for organising it?

Whether it’s a celebration of your marketing team’s achievements, a new product launch, or taking one hundred team members on an incentive trip to Buenos Aires, all of these wonderful events can be considered corporate events. When sponsored by a company, a corporate event can be either focused on internal staff (appreciation parties, team building events, etc.) or clients (trade shows, charity events, etc.).

Considering that there is such a huge variety of corporate event formats, it’s easy to predict that each of them has different goals. Here are the main reasons why corporations put so much effort into planning and executing corporate events, along with the types of events they usually correspond with:

  • Raise brand/product awareness (trade shows, conferences, product launches)
  • Improve company culture, help employees bond, and entertain staff members (incentive trips, holiday parties, team-building events)
  • Recognise team/individual achievements (appreciation events, product launches, and incentive trips)
  • Discuss company improvements or project outcomes or motivate your team (business dinners or board meetings)

What makes a corporate event different from other types of events?

corporate event ideas

Planning an event for a corporate team is different from planning a stand-alone exhibition. From a tight budget to a failure to match the company’s mission, corporate event planners are always prepared to meet any of the numerous challenges in their path.

So how do you know if you’ve bitten off more than you can chew? To help you determine this, we’ve created a short quiz that perfectly reflects the unique nature of corporate event planning. Check out the questions below, and provide a yes or no answer to each of them:

  1. Can you guess what kind of movies a person likes to watch after having a one-hour conversation with him or her?
  2. Would you discuss an event with all company stakeholders before beginning the planning?
  3. Could you manage event attendance with no tickets or invitations?
  4. Do you think it’s important to build a memorable marketing campaign to promote a corporate event?
  5. Would you develop a timeline for each stage of planning, execution, and follow-up?
  6. Would you create surveys for employees before planning a corporate event?
  7. Would you analyse the ideas that employees have about an upcoming event and then try to align them with what you are planning?
  8. Do you think you could organise an event in Spain even if you don’t speak Spanish and you’ve never been in this country before?
  9. Have you ever successfully negotiated a price with an event vendor before?
  10. Would you document an event budget while considering both the expected and actual costs?

If you answered “yes” to eight or more questions, put your doubts aside and schedule a meeting with a client.

Whether you’re a self-employed event planning hero or a member of a team, you should know these three laws of corporate event management. First, no matter the number of invitees, you should always find a good way to manage attendance even if there are no tickets involved. Second, if you work as a hired hand, you have to be ready to sacrifice some of your private time to dive into the corporate culture. Spend some time in the office, talk to people, ask event invitees and stakeholders about their expectations, etc. If you don’t know what a company stands for, you won’t be able to organise a successful corporate event for its staff. Lastly, you have to be a survivor. Corporate events are often organised in foreign cities and countries, which requires you to be super flexible in terms of accommodations and venue booking, finding vendors, exploring the most convenient means of transportation, etc.

What are the key types of corporate events?

Quite often when people hear the term “corporate event” they imagine an office party with good music, delicious food, and networking. As an event planning professional, you should understand that corporate meetings can mean much more than that. Below, you can find the top eight trending corporate events that your client may ask you to organise, along with their goals and average estimated budgets:

Corporate event type Description Goals Budget
Incentive trip With a focus on employees’ well-being, incentive trips are often organised in exclusive destinations and resorts. The program can be built around entertainment activities or combine leisure with corporate trainings. Raise awareness about new initiatives; celebrate an achievement; entertain staff $30,000 – $2,000 000
Trade show Trade shows are industry-focused exhibitions which help companies showcase their products and services. By organising trade fairs, companies strive to become an industry leader and gain financial profits. For organisers, it’s critical to focus on sponsorship offers and lead generation technologies. Increase the company’s revenue; raise brand awareness; establish a leadership position $20,000 – $40,000
Appreciation event From a roof party to a short in-house event, it can be any celebration dedicated to the recognition of employees’ work. Think about utilising creative awards, nominations, and peer-to-peer evaluation in your strategy. Recognise achievements $5,000 – $20,000
Board meeting A formal meeting that is usually held at regular intervals has to be well-aligned with the schedules of board members and has to facilitate necessary materials for effective discussions and debates. Discuss business decisions, results, and crucial changes $1,000 – $30,000
Seminar/conference Conferences and seminars are expertise-driven events that gather industry experts, reputable companies, and investors in one place. A robust ticketing system, onsite registration technologies, and a smart presentation of speakers are the aspects organisers should address right from the start. Share ideas; create a platform for industry leadership $30,000 – $1,500 000
Team building event From a creative workshop to a football match, a team-building event is any event that aims at promoting collaboration and team bonding. Improve a company’s culture; enhance team spirit $1,000 – $10,000
Charity event Usually focused on the support of a specific cause, charity events are often organised by companies that can make good use of their networks. The secrets of success that organisers should consider are the use of a centralised system for collection of donations and a strong promotion campaign. Collect donations $5,000 – $20,000
Product launch This is one of the ‘buzziest’ corporate event formats these days. Through the generation of an event platform for showcasing business ideas, companies gain great media exposure and increase revenue. Aggressive marketing and connection building are very important for product launch organisers. Present a new product/solution/service; gain new clients $1,000 – $1,000 000

The advanced guide to corporate event organisation

While catering to three main stages of event planning, we’ve put together a list of key steps in planning any corporate event:

Before the event

Tap into stakeholders’ goals

Because it’s the company’s mission that matters the most, don’t start planning a corporate event by focusing on your own goals. Instead, invest your efforts into clarifying the message your client wants to communicate. Organise a group meeting with stakeholders, or discuss corporate event planning ideas during one-on-one discussions with the most influential person no later than 12 months before an event. The important thing to consider is that the people you’ll be having a meeting with won’t want to sacrifice hours to talk about everything and nothing. To make a dialogue truly meaningful, prepare a list in advance of questions you’d like to ask.

Come up with the right event case  

event case

Based on the information you collect, build your event concept by reflecting the main purpose of an event. Come up with good reasons why people should attend it and the metrics for measuring the event’s success. Let’s say you organise an appreciation event that aims to reward a sales team for landing their first big customer. After discussing the concept with stakeholders, you can brainstorm the following goals and metrics which will constitute your event case:

Goals:  

  • Ensure the best exposure for the sales team’s work
  • Demonstrate that you value the work of your staff
  • Reward a sales team with a valuable prize
  • Turn an appreciation event into a relaxing experience for the entire corporate team through entertainment
  • Set new goals and targets.

Metrics:

  • Personalised post-event surveys for a sales team or the whole staff
  • Statistics based on attendance or involvement

Organise your checklist and timeline

Ideally, you should establish a deadline for each task that you have to accomplish before, during, and after an event and then put them into one comprehensive checklist. If you manage an event team, you also need to create a list of tasks for each team member. Utilise an effective system for task assignment and progress tracking to keep every step of the event planning process under your control.

Related: The ultimate corporate event planning checklist

Develop a strategic budget

Whether your initial budget is super generous or very tight, an event’s overall success does not depend on the amount of money you spend on it. Make a list of tasks that require some budget spending, find the best offers, and calculate whether the total sum matches your expectations. Ensure you have some back-up funds in case unexpected expenses arise. To cut down on costs, consider price negotiations, ask event sponsors for some support, and recruit volunteers.

At the event

Make the most of your marketing power

At the event

You should start promoting long before an event, and this may not end until weeks or even months after the event in order to achieve the best results. In relation to marketing, it’s a useful strategy to organise two checklists: one for the promotion channels you will utilise and a second for strategies. Another option would be to create a timeline where you will identify the campaigns you’ve already executed or plan to execute. Here’s a good example developed by the University of Alabama:

During an event, top-notch marketing can help you keep excitement high through the use of social walls, pre-scheduled email campaigns, and mobile app notifications.

Manage onsite processes in real time

Finding an event tech vendor that can ensure a seamless onsite check-in experience is an important pre-event task. However, with the right tools at your fingertips, you should be able to keep onsite registration under control during an event.

onsite event

Here are the top-notch technologies that will help you make check-in seamless, no matter what the size of a corporate event:

  • RFID
  • Face recognition
  • On-demand badge printing
  • Self-registration technology

After the event

Follow-up

Efficient follow-up activities help close all the deals for trade fair participants and are a way to say thank you to the employees attending a team-building event. Through the use of social media advertising, email marketing, and surveys, you can close the event in the best possible way. Here is a list of tips on planning a corporate event follow-up:

  • Utilise pre-made content. Just in case you’re super busy and desperate for sleep after an event, follow up with attendees using pre-made content.
  • Schedule emails. Not only should you say thank you, but sending post-event emails is also a great way to advertise a special offer, sell tickets for the next event, or increase sign-ups. Discuss the follow-up goals with your client in advance so you know which goals you should focus on.
  • Continue building social media connections. This is particularly useful for product launch and trade fair organisers. A social media community built after an event can take a company’s recognition sky high.

Conclusion

While summing it up, there’s some discouraging news we have to share with you: There’s no clear recipe for how to plan a great corporate event. However, there’s hard work and millions of proven practices that have worked well for other event planners. Document your steps, talk to stakeholders, and ensure you have the best technology at your disposal to run events that corporate teams will love.

 

GEVME is the fully integrated platform that makes your event lifecycle happy. With advanced apps for each event management process, the platform helps you craft a custom event toolkit. Request a DEMO to experience the automation of website development, online registration, onsite check-in and related services.

No comments

leave a comment