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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

eldavis
eldavisEnlightened Mentor
Asked: September 23, 20232023-09-23T16:47:44+00:00 2023-09-23T16:47:44+00:00In: Money & Business

have you ever done joint events with other companies before?

I watched a movie some time back where two companies came together to carry out an event and It got me wondering. Have you ever had an event with a company before and what are the benefits?

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2 Answers

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  1. Ovy
    Ovy Active Contributor Overcomer
    2023-09-23T16:55:32+00:00Added an answer on September 23, 2023 at 4:55 pm

    In my own view, having joint event with other companies is not a bad idea, but you should make sure you trust the affairs, management and the settings of the business before you choose such option. Advantages of doing such is that it will definitely expose you to some business settings and how to maRead more

    In my own view, having joint event with other companies is not a bad idea, but you should make sure you trust the affairs, management and the settings of the business before you choose such option. Advantages of doing such is that it will definitely expose you to some business settings and how to manage your business. On the other hand having joint event with a business which doesn’t have the Dane as yours might easily bring down your own business, you shouldn’t be of great shock that the other business might even try to spoil your workers for you.
    I pray this shouldn’t happen.

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  2. yusra
    yusra Trusted Adviser
    2023-09-24T03:43:07+00:00Added an answer on September 24, 2023 at 3:43 am

    Yes, I have been involved in planning and executing joint events with other companies in previous roles. Some examples that went well: - Partnered with a complimentary but non-competing local business to host a networking mixer. We split the costs and promoted to each other's customer bases - it dreRead more

    Yes, I have been involved in planning and executing joint events with other companies in previous roles. Some examples that went well:

    – Partnered with a complimentary but non-competing local business to host a networking mixer. We split the costs and promoted to each other’s customer bases – it drew a big crowd and introduced our brands to new contacts.

    – Worked with vendors to run product demonstrations and workshops. We provided the venue and invite list, they brought products and specialists. It was an efficient way to engage customers with minimal effort.

    – Teamed up with related industry associations on conferences and trade shows. We took a speaking slot and booth, expanded visibility.

    – Co-hosted a holiday party with peers in our field. We kept costs down by combining resources and each brought different elements like food, entertainment, decor.

    – Participated in community events like charity races by forming a team with other corporations. It built camaraderie and allowed us to make a greater impact.

    The keys to success were clear objectives, aligned values, shared risk and reward, coordinated promotion, and constant communication with all stakeholders. The end result was increased brand awareness, expanded networks, higher event turnout and new business opportunities. Joint events can work very well with the right partners and planning.

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