Event Sponsorship Essay Example | Topics and Well Written Essays - 1750 words

Event Sponsorship - Essay Example The sponsorship should take into consideration the continuous funding of the event and the value and goals that should be met. Commercialisations of events have led to the compromise of values in event managements and have led to failure in some events. The project proposal aims at evaluating the challenges faced by event managers in handling sponsorship. It also aims at coming up with better strategies to improve sponsorship. Event management is a task that has a long history. Today, various events are held. The events range from games, festivals, concerts, meetings to political rallies. Up to these days, events remain an important part of people's culture and help social development of people. For their success, these events need to be managed. In managing events, sponsorship is very important. It should be noted that managing events is expensive and needs funds. Sponsorship of an event is not just as way of raising funds for the events, but it also entails marketing. The finding of sponsors, choice of sponsors and managing marketing and commercials should be an integral part of event management. Sponsors are important in event management. Good management of sponsors is lacking in event management. It should be noted that events are very important elements to people's culture. A successful event should send the required message or meet the desired goals (Allen, Bowdin, 2006, pp123). It should be noted that there are different categories of sponsors. Some sponsors are not motivated by business while others are motivated by business and aim at marketing their products. In managing sponsors, some event management conflict over the amount allocated to a certain sponsor and the recognition of the sponsor as a sponsor to an event. Poor management of sponsor could explain the conflict in events and the inability to sustain a sponsor for a long time. Lack of good sponsorship management also leads to failure of some events. Research Question Which and how important is the role of sponsorship in an event management context Aim and objectives Managing a sustainable fund is a principle element of event management. Sponsors are the main sources of funding to an event and they should be well managed. The management of sponsorship should ensure a sustainable fund and at the same time maintain the integrity of the event (Cornwell, Amis, 2005). The research will establish the problem encountered in managing sponsorships and come up with a better way of managing the sponsors. The project will also establish things which people managing events can do to ensure sustainable fund for events. Literature review Events are an integral part of communities. In the early days, every community had its own events and activities. The events were great opportunities for social development and development of cultures. It was also a great opportunity for interaction, communication and development of leaders (Berkowitz, 2008). In the past, the major activity had either cultural or religious base and involved people from a given geographical region. Although cultural and religious events remain important today, events have taken different perspectives including people from various cultures and large geographical regions. Small events are not involving and their management is simple;