Wednesday, April 25, 2012


Social
Consumer attitudes and opinions
Media views
Law changes affecting social factors
Brand, company, technology image
Consumer buying patterns
Major events and influences
Buying access and trends
Ethnic/religious factors
Advertising and publicity
Ethical issues
Demographics (age, gender, race, family size,)
Lifestyle changes
Population shifts
Education
Trends
Fads
Diversity
Immigration/emigration
Health
Living standards
Housing trends
Fashion & role models
Attitudes to work
Attitudes to people doing certain types of work
Leisure activities
Occupations
Earning capacity
Staff attitudes
Management style
Organisational culture
Changes to education system
Others include:
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Venetian and
Sand Cotai central make Macau become ideal place to hold event, even better than Hong Kong
High
6-12 months
Negative
Increasing
Important
Technological
Competing technology development
Research funding
Associated/dependent technologies
Replacement technology/solutions
Maturity of technology
Manufacturing maturity and capacity
Information and communications
Consumer buying mechanisms/technology
Technology legislation
Innovation potential
Technology access, licensing, patents
Intellectual property issues
Global communications
Inventions
Innovations
New discoveries
Research
Energy uses/sources/fuels
Communications
Rate of obsolescence
Health (pharmaceutical, equipment, etc.)
Manufacturing advances
Information technology
Internet
Transportation
Bio-tech
Genetics
Waste removal/recycling
Email
M-learning
E-learning
Collaboration tools
Software changes
RSI
Others include:
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it needs computer and
event planning program to organize the event, during the event, it may need the communication tools between crowds
Low
Positive
Increasing
Unknown
Legal
Current legislation home market
Future legislation
European/international legislation
Regulatory bodies and processes
Environmental regulations
Employment law
Consumer protection
Industry-specific regulations
competitive regulations
Others include:
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Minimum payment to part-time crowds
low
6-12 months
Negative
Increasing
Unknown
Environmental/ Ecological
Environmental issues
International
National
Local
Environmental regulations
Customer values
Market values
Stakeholder/ investor values
Staff attitudes
Management style
Organisational culture
Staff morale
Staff engagement
Global factors
EU based factors
Others include:
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Event contract competition between different event companies
high
1-6 months
Negative
Increasing
Critical



Luminous is a event company that use creative idea to help business to create exhibition, road show and Gala dinner, the company established in 2005, it is important to know the competitive advantage between the event planning industry and the market, to know clients from different diversity of industry, Airline, automobile, government department, international company and Chinese company. Also, it is important to know the external factors which may affect the company and the entire event planning industries to plan and plot strategies.



Political Factor has less effect to the industries. However, the intervention of government policy to the economy, no matter in home or oversea, there is possibility of affecting government department, international company and Chinese company to hold such event in Macau or Hong Kong. Government promotion in other countries, let the company in other countries know that Macau or Hong Kong is ideal places for holding event. However, facilities is one of considerable factor that international company or Chinese whether hold event in such cities, such as Hong Kong convention and exhibition center, this building owned by Hong Kong government, without this exhibition center, it is believe that Hong Kong would not be the ideal place for holding an huge event. Macau has different situation, as I known, Venetian Macau is the biggest casino project in Macau, with huge space can form different size of exhibition hall, it is believe that without releasing the gaming operating concession in 2002, Sands in Las Vegas would consider investing huge amount to Macau



Economic factors has extraordinary effect to event planning industry, the factors  including economic growth, interest rates, exchange rates and inflation rate , those factors have great impacts on affecting company to make decision and also for the international economy, as I mentioned before the sources of customers for event industry are international company and Chinese company, if oversea market is being in unhealthy status, it may directly affect the income and may affect international companies budgeting on holding event. Exchange rates and inflation rate may affect the cost of goods in supply, exporting goods and importing good in economy.



The social changes in trend also bring great impact to event planning industry, it is though that Venetian and Sand Cotai central make Macau become ideal place to hold event in Asia, the hotel, entertainment and exhibition located in one single building, which bring convenient to event planner and visitors. Nowadays, Macau has an institute which can offer event management to students, and teenage study in the institutes in Australia and some of European country for the purpose of studying tourism and event management, and those students can be “elites” and contribute their profession into event management industry, especially in event industry, it really need the elites with creative ideas.



Some laws that implement to the event planning industry may affect the decision making, such as Minimum wage to part-time crowds, Macau has not have the law of minimum wage yet, but it may has in future, it may increase the event budget and pressure to the crowd in the company.



For the event planning market, each event planning company also have event contract competition between different size of event companies. Therefore, creativity, experience and capable to minimize the budget is competitive advantage for such event planning company like Luminous the ways to success, can enable luminous to the contract

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