Corporate event can be defined as a gathering that is sponsored by a business for its clients. These events can be for larger audiences, such as conventions or smaller events like meeting, conferences or parties. One of the most common names you would have heard is event planning. Event planning involves organizing and executing every single detail that goes into an event. Research shows that almost $500 billion are spent every year on planned events around the world. That’s because many corporate businesses start to outsource their meetings and planned functions.