Tommy Daniel Andersson, Don Getz, David Gration and Maria M. Raciti
The research question addressed is whether an event portfolio analysis rooted in financial portfolio theory can yield meaningful insights to complement two approaches to event…
Abstract
Purpose
The research question addressed is whether an event portfolio analysis rooted in financial portfolio theory can yield meaningful insights to complement two approaches to event portfolios. The first approach is extrinsic and rooted in economic impact analysis where events need to demonstrate a financial return on investment. In the second approach events are valued ally, with every event having inherent value and the entire portfolio being valued for its synergistic effects and contribution to social and cultural goals. The paper aims to discuss these issues.
Design/methodology/approach
Data from visitors to four events in the Sunshine Coast region of Australia are analyzed to illustrate key points, including the notion of “efficient frontier.”
Findings
Conceptual development includes an examination of extrinsic and intrinsic perspectives on portfolios, ways to define and measure value, returns, risk, and portfolio management strategies. In the conclusions a number of research questions are raised, and it is argued that the two approaches to value event portfolios can be combined.
Research limitations/implications
Only four events were studied, in one Australian local authority. The sample of residents who responded to a questionnaire was biased in terms of age, education and gender.
Social implications
Authorities funding events and developing event portfolios for multiple reasons can benefit from more rigorous analysis of the value created.
Originality/value
This analysis and conceptual development advances the discourse on portfolio theory applied to event management and event tourism.
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DENNIS SWIFT and DAVID GRATION
This article outlines a programme which has been little publicised, which is practical in concept and economic in operation and which can create lively and rewarding co‐operation…
Abstract
This article outlines a programme which has been little publicised, which is practical in concept and economic in operation and which can create lively and rewarding co‐operation between colleges of further education, operating companies and company HQs.
David Gration, Maria Raciti and Gabby Walters
– The purpose of this paper is to explore festivalgoer/camper perceptions of and responses to the non-urban festival service environment (blended festivalscape).
Abstract
Purpose
The purpose of this paper is to explore festivalgoer/camper perceptions of and responses to the non-urban festival service environment (blended festivalscape).
Design/methodology/approach
For this exploratory study a quantitative approach was adopted. A self-administered online survey was administered to recipient members of an Australian non-urban festival e-newsletter database resulting in 398 usable responses from festival campers.
Findings
Environmental beliefs held by festival campers’ influenced their perceptions of naturescape, socialscape and overall satisfaction. Festival campers’ who attended more than once were found to have stronger pro-environmental beliefs than those who attended once. Festival camper perception of naturescape has a positive moderating influence leading to greater overall satisfaction and the likelihood of repeat attendance and positive word-of-mouth.
Research limitations/implications
It is very important to know how festivalgoers perceive and relate to their festival service environment. Critical to the appeal and success of the non-urban festival is the alignment of festivalgoer environmental beliefs to the natural setting in which they are held. Limitations include use of a single case study context.
Originality/value
This paper responds to lack of research on non-urban festivals when compared to urban festivals and the surprisingly little interest shown in the central role of natural settings and the camping experience. A closer understanding of the environmental beliefs of campers at non-urban festivals has the potential to provide beneficial outcomes for people, profit and planet.
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The purpose of stage one of the project was to show how the manager's job can be divided into four main activity areas.
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some…
Abstract
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.
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Briefly reviews previous literature by the author before presenting an original 12 step system integration protocol designed to ensure the success of companies or countries in…
Abstract
Briefly reviews previous literature by the author before presenting an original 12 step system integration protocol designed to ensure the success of companies or countries in their efforts to develop and market new products. Looks at the issues from different strategic levels such as corporate, international, military and economic. Presents 31 case studies, including the success of Japan in microchips to the failure of Xerox to sell its invention of the Alto personal computer 3 years before Apple: from the success in DNA and Superconductor research to the success of Sunbeam in inventing and marketing food processors: and from the daring invention and production of atomic energy for survival to the successes of sewing machine inventor Howe in co‐operating on patents to compete in markets. Includes 306 questions and answers in order to qualify concepts introduced.
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International trade is a prerequisite to national prosperity, but at present with floating and sometimes wildly fluctuating exchange rates, the exercise is fraught with danger. It…
Abstract
International trade is a prerequisite to national prosperity, but at present with floating and sometimes wildly fluctuating exchange rates, the exercise is fraught with danger. It is, therefore, important that in the matter of commodities trading everyone involved is fully aware of the many highly developed centres of information. To this end, there is a new directory/bibliography on the subject Commodities futures trading: a guide to information sources and computerised services by David Nicholas, Senior Lecturer at the School of Librarianship and Information Studies at The Polytechnic of North London. The pattern throughout the book is to describe a specific course and then give its full name and address at the end of the description.
Airports are crucial channels of mobility for the global citizens of the twenty‐first century. They are points of entry and exit for tourists, business persons, workers, students…
Abstract
Airports are crucial channels of mobility for the global citizens of the twenty‐first century. They are points of entry and exit for tourists, business persons, workers, students and of course, for some refugees as well. The scale of operations is huge ‐ international passenger travel increased twelve‐fold in the second half of the twentieth century (Urry, 2000: 50) and the vast majority of this is accounted for in air travel. In the USA alone there are two million daily airtravelers on 20,000 flights (Gottdiener,2001: 1). Airports are ‘placeless’ sites of temporary sojourn, air‐lock chambers for nomadic executives or sun‐seekers. But they have profound social and political significance, particularly in personal data handling.
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Telecoms Ministers get ready for 1992. An important step towards the Common Market of 1992 was taken last summer by the Council of Telecommunications Ministers, the first formal…
Abstract
Telecoms Ministers get ready for 1992. An important step towards the Common Market of 1992 was taken last summer by the Council of Telecommunications Ministers, the first formal council devoted to the telecommunications sector since the creation of the European Community. Meeting in Luxembourg, the Ministers gave strong support to the major policy objectives set out in the EC's Green Paper on the telecommunications industry and then added further objectives of their own that could have an immediate impact on European citizens and telecommunications organisations.