Risk management plan towards resilience for XpressEvents Ry : the case study of K-pop dance cover competitions

Abstract

The objective of the research is to build a suggested risk management plan for XpressEvents Ry. In general, the plan includes the approach method, and the tools necessary for the identification, assessment, and action plans. Besides exploring potential risk, opportunities are included. Strategies and action plans for both risks and opportunities are presented. With both risks and opportunities identified, the organization is able to realize their capability in managing threats and opportunities in the future. Hence, XpressEvents Ry could adapt better in the future when disturbing events such as the epidemic occur.

The theoretical part of the study provides background concepts related to events, events industry, risks, risks management, and resilience. Moreover, brief information on the COVID-19 pandemic and its impact on the events industry in Finland during 2020 are mentioned. In addition, XpressEvents Ry’s introduction is briefly summarized at the beginning.

Meanwhile, the empirical part was achieved by interviewing the representative, Jaana Miettinen, who is the current President of the organization. The data analyzed in this part related to the case studies of K-pop dance cover competition (KDC) 2019 and 2020. These data also highlighted the noticeable differences between the process of the two events. The research result explored the existing risks and the potential opportunities that could be considered for the risk management plan. Moreover, through data analysis, the author is able to understand and acknowledge XpressEvents’ capabilities and abilities in managing risks.