Question

one of the most significant principles of business is that the primary objective of the executive management of a corporate entity is to engage in strategic actions that increase shareholder value.

Answer 1

Economic dimension is the most significant principles of business

The economic component deals with all of the event firm's and the specific event's economic outputs and externalities. Event researchers are very interested in measuring values that vary from the simpler indirect benefits to the more difficult direct economic repercussions on the host community and the global economy. In the Baseline Evaluation, the organizational processes that have an impact on these values are examined.

Direct effects include observable values like money made from tourism revenues and employment created by the event's organizer. The necessity for a research-based approach to event evaluation is supported by the frequently contested nature of indirect impacts. Measurements of the catalytic or multiplier effects pertinent to the larger region hosting an event are among them.

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