Creating Experiences Virtual Corporate Events

1. CREATING EXPERIENCES: DESIGNING ENGAGING VIRTUAL CORPORATE EVENTS Did you know? In 2020, the market size of the global meetings, incentives, conferences, and exhibitions (MICE) industry was estimated at approximately one trillion U.S. dollars. When the global pandemic hit in early 2020, large gatherings in person became impossible. So, event planners had to turn to virtual corporate events instead. They started using technology for events more than ever and teamed up with new virtual event companies.

2. At first, doing virtual events was weird and new for event planners. But they soon saw that it could be really good. One big plus was that they could reach a much larger customer base, clients, and stakeholders online. Plus, they could show off their brands online and let people attend in a more flexible way. Understanding the Virtual Event Landscape Virtual events are online gatherings that take place on the internet. They offer numerous advantages to attendees, event organizers, speakers, and others, regardless of their location, choice of devices, or availability. According to Thrive My Way, businesses commonly dedicate 10% to 20% of their marketing budget to online events. As the internet and technology become more accessible and affordable, the future of human-to-human interaction is expected to increasingly revolve around remote participation. With the evolving digital landscape and significant advancements in managing virtual events, there is a revolution underway in event technology. Various Types of Corporate Virtual Events •Conferences: Virtual conferences bring together industry experts, thought leaders and attendees from around the world to discuss trends, share insights, and network. •Workshops: These interactive sessions allow participants to learn new skills, tools, or strategies from experts, all from the comfort of their own screens. •Team-Building Activities: Virtual team-building events help remote teams bond, improve communication, and enhance collaboration through fun and engaging activities. Benefits of Virtual Events Virtual corporate events offer several advantages:

3. •Cost-Effectiveness: Virtual events eliminate the need for expensive venues, travel, and accommodations. This cost savings can be significant for businesses. •Broader Reach: Geographical limitations vanish in the virtual realm. Organizations can connect with a global audience, expanding their reach exponentially. •Flexibility: Participants can join from anywhere with an internet connection, providing greater accessibility and convenience. Key Elements of Engaging Virtual Events To create truly engaging virtual corporate events, several key elements must be carefully considered: Thematic Conceptualization The theme of a virtual event can help to set the tone and create a sense of excitement and anticipation among participants. It should be relevant to the event's content and goals, and it should be aligned with the company's values and branding. Interactive Agenda Design The agenda for a virtual event should be well-structured and engaging. It should include a mix of presentations, discussions, Q&A sessions, and interactive activities. This will help keep participants engaged and prevent them from getting bored. It is also important to break up the agenda with some informal networking opportunities, such as virtual coffee breaks or breakout rooms. This will give participants a chance to connect with each other and build relationships. Technological Integration

4. The technology used for a virtual event should be reliable and user- friendly. Participants should be able to easily access the event platform and interact with each other. It is also important to have a backup plan in case of technical problems. This could include having a secondary event platform or providing participants with the ability to download presentations or other materials. Engagement Boosters There are a number of ways to boost engagement at a virtual event. Gamification elements, such as live polls, quizzes, and challenges, can be a great way to keep participants involved. You can also encourage participation by offering rewards, such as gift cards or prizes. And don't forget to provide opportunities for networking and collaboration. Speaker Selection and Preparation The speakers at a virtual event should be knowledgeable and engaging. They should be able to deliver their presentations in a clear and concise way, and they should be able to interact with participants effectively. It is also important to prepare speakers for the virtual environment. This includes providing them with training on how to use the event platform and how to create a captivating presentation. Fostering Meaningful Connections One of the challenges of virtual events is creating a sense of connection among participants. This can be done by providing opportunities for networking and collaboration. Virtual coffee breaks, breakout rooms, and discussion forums are all great ways to facilitate meaningful connections. You can also

5. encourage participants to connect with each other on social media or in a dedicated online community. Measuring Success and Gathering Feedback It is important to measure the success of a virtual event in order to improve future ones. Some key metrics to track include attendance, engagement levels, and feedback from participants. You can also gather feedback by sending out post-event surveys. This feedback can be used to identify areas for improvement and make sure that future events are even more successful. Conclusion: Designing Engaging Virtual Events For Lasting Impact The design of virtual corporate events is a critical aspect of modern business strategy. Engaging in virtual events has the potential to foster meaningful connections, boost employee morale, and drive business success. It is essential to carefully consider thematic conceptualization, interactive agenda design, technological integration, engagement boosters, speaker selection and preparation, and strategies for meaningful connections to ensure a successful virtual event. As a testament to effective virtual event design and execution, companies like The Offsite Co. have demonstrated the incredible impact of engaging virtual corporate events. Their contributions to the field have showcased the power of well-designed virtual experiences to achieve lasting and positive effects on organizations. Creating engaging virtual corporate events is not just about adapting to the changing times; it is about harnessing the potential of technology to create meaningful experiences that leave a lasting impact on employees, clients, and partners.