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Foundations of Event Management Exam 2 Iowa Question and answers correctly solved 2024

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Foundations of Event Management Exam 2 Iowa Question and answers correctly solved 2024 Foundations of Event Management Exam 2 Iowa/Voss Stakeholder - correct answer Any group or individual who can affect or is affected by the achievement of the organization's objectives Stakeholder Interes...

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  • August 30, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • foundations of event management exam 2 iowa
  • foundations of event management exam 2 iowa questi

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Foundations of Event Management
Exam 2 Iowa/Voss
Stakeholder - correct answer ✔Any group or individual who can affect or is
affected by the achievement of the organization's objectives


Stakeholder Interests: Event Managers - correct answer ✔Income from
event.
Salary, safety, and security.


Stakeholder Interests: Employees - correct answer ✔Wage or Salary
Fair Treatment


Stakeholder Interests: Sponsors/Vendors - correct answer ✔Return on
Investment.
Sales and Promotion Opportunities.


Stakeholder Interests: Clients/Participants - correct answer ✔Relative value
for the cost of the event.
Safety and security.


Stakeholder Interests: Local Community/Government - correct answer
✔Lack of negative externalities.
Economic impact.
Lawful operations.


Primary stakeholders providing support to organizers - correct answer
✔Sponsors

,Vendors
Attendees


Characteristics Stakeholders Possess - correct answer ✔Interest
Power
Influence


Opportunities of Stakeholder Management - correct answer ✔Increased
reach
Improved problem-solving
Newly formed alliances


Challenges of Stakeholder Management - correct answer ✔Conflicting
interests
Varying levels of power


Strategies to Overcome Challenges of Stakeholder Management - correct
answer ✔Effective collaboration
Effective planning
Following through on claims to stakeholders
Understand impact in the community.


Developing plans for Alliances - correct answer ✔Strategy
Economy
Politics


Scope

, -Local
-Regional
-National
-International


Stakeholder Programs and Activities - correct answer ✔Be aware of varied
interests and goals of stakeholders.
Plan activities that meet the needs of stakeholders.
Develop plans for dealing with stakeholders.
Develop protocols.
Have a sequence and flow to stakeholder activities.
Interact with stakeholders.


What is Strategic Planning? - correct answer ✔Process of defining its
strategy, or direction, and making decisions on allocating its resources to
pursue this strategy.


Strategic Planning Process:
Situation - Target - Proposal - correct answer ✔Situation: Evaluate the
current situation and how it came about.


Target: Define goals and/or objectives (sometimes called the ideal state).


Path/Proposal: Map a possible route to the goals/objectives.


Strategic Planning Process:
Draw - See - Think - Plan - correct answer ✔Draw: What is the ideal image
or the desired end state?

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