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Meeting the Budget: Creatively controlling corporate event costs. (Meetings & Conventions).

Publication: Indiana Business Magazine
Publication Date: 01-FEB-02
Format: Online - approximately 1338 words
Delivery: Immediate Online Access
Full Article Title: Meeting the Budget: Creatively controlling corporate event costs. (Meetings & Conventions).(Statistical Data Included)

Article Excerpt
With Corporate expenses being scrutinized in a shaky economy, offsite meetings and events can still succeed without breaking the budget. But it does take some flexibility in amenities and schedule dates. Being able to determine specific needs in advance will also favorably impact the bottom line.

Take food, for example--an important ingredient for most gatherings. "Instead of steak or prime rib, consider serving roast beef," says Ann Fischer, director of catering at the Executive Inn in Evansville. Likewise, the way chicken is prepared can be scaled back. "A Queen of England chicken breast with walnuts and grapes can easily be substituted with a chicken piccata," Fischer explains. The savings can be dramatic: $22 for a fancy meal versus $12 for something less-labor intensive and made from lower-priced ingredients. This translates into a savings of $500 for 50 people on one meal alone. Regardless of choice, "you still get a house salad, a starch, a vegetable, rolls and butter, iced tea and coffee, and a dessert," Fischer says.

Fischer also shatters the myth that a buffet is often less expensive than a sit-down meal. "For a served meal, we can control the food costs," she states.

Theater seating for the...

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