Every four years a different country hosts the Olympics. Every two years its either the Winter or Summer Olympics. It is two thousand sixteen and in August, everybody eyes are going to be glued to their televisions when Rio host the two thousand sixteen Summer Olympics in Brazil. Many cities around the world put bids in advance to hold the Olympics. The Olympics are a big deal and you have to have the resources to host it. You need to have facilities for the sports, transportation, Olympics villages for the athletes to stay, a stadium for the opening and closing ceremonies, and most of all money. Cities tend to lose money when hosting the Olympics. Sometimes the facilities they use get abandon and are never used again. They are many reasons for a city to host the Olympics, but there are three reasons to not. Reasons for not hosting it because it is expensive, there no guarantee of profits or increase tourism in the host city, and to many buildings being left abandoned
Over the past several years the sports industry has grown phenomenally, and it now ranks among the largest industries in the world. Concomitant with its growth is an increase in the importance of a element of value which is the corporate social responsibility which has become a necessity in terms of the bottom line. Illegal and immoral activities in all settings have emerged to the point that some factions of the society have made efforts to call those in charge to take responsibility and improve situations. As managers learning to adopt a social consciousness leading to a commitment of being socially responsible is paramount to the execution of one’s job. Developing a social
The more a sport becomes commercialized, the higher the cost of participating for the athlete. One example would be that there are entry fees established to help raise monies that will be awarded to the winner and the sponsoring company.
As a sporting mega-event, the Olympic Games have numerous social impacts on the people, not only on those from the host country, but on individuals all over the globe.
In the more developed world, every industry in the rapid development. This is a high-speed development in the 21st century, especially tourism and hospitality. It is a big trend in tourism industry, lots of people because Olympic Games, stars, attractions and movies are fascinated. Because of this kind of industry, it will be a high salary in tourism and hospitality. Also, it will increase income tax, marking, local communities, great attractions, historical staff and natural environment. This paper will talk about Olympic Games impact tourism and hospitality why they rise taxes and marketing, and why impact local communities in order to increase their international tourism and hospitality in the local society.
The Sochi 2014 Olympic Winter Games were successfully staged with the support of ten Worldwide Olympic Partners (Olympics.org, 2017). The partners provided a variety of products, services, technologies, expertise, and financial resources, creating unique contributions as well as innovative marketing programs that promoted their Olympic sponsorships, support the athletes, and spread the Olympic values around the world, which included (Olympics.org, 2015):
A cereal company activates its NASCAR sponsorship by offering consumers a free mini-car for consumers who purchase specially marked boxes. This is an example of what type of promotion:
Professional athletes who make millions of dollars a year tend not to get as much out of the Olympic experience. They fly in just before their event, stay in the most expensive hotel, and fly back home after their event is over. They miss the Olympic village, the interaction with other athletes, and sometimes even the ceremonies.
Should the Olympics stay in one place? The Seattle Times says, “If the Olympics stayed in one place that would deprive nations of showing their pride.” One example of the Olympics traveling was in 1964. The Tokyo Olympics marked a shining moment in Japan’s history after that devastating bomb in WWII that was dropped on them. Second, a poll was taken in 2012 and it showed British men felt proud that the Olympics were in London. There are also bad things about the Olympics traveling though. However, sadly the last few Olympics have been leaving places bankrupt like Sochi, it costed them $50 billion dollars. Tim Wendel states, “The price on the Olympics will only go upward.” Staying in one place will also cost less, but it will also take away
The topic that I have chosen to do a research project on is Nike Inc. I chose to do my research on Nike because I am for one, very much interested in Nike, and secondly I am very interested in Nike 's clothing, shoes, and accessory line.
In order to avoid the venues underutilized, which should be more commercial development, such as hotel, exhibitions, conferences, office and other functions, enhance the value of the venues. To build more temporary venues before the Olympic Games, it can be removed after the game. Many sites should be reserved for large-scale commercial services, rather than just been sport game grounds. Finally, the host city should pay
The Olympic Games is one of the biggest and most unrivaled sporting events in the entire world. At first it may seem like a huge plus or advantage for a city or nation to host this event. However on the contrary there are a lot of negative aspects that occur when a nation hosts this event. While the event is taking place, from the outside it looks like a state of the art, prestigious event that it is. Some of the problems that are caused by hosting Olympic games deal with, stadium development, local resident life, security issues, and many others that will be discussed. One of the big problems when dealing with a mega event such as the Olympic Games is the stadiums, which get built, and how they get abandoned or not used after the games are finished. This is one of the major problems surrounding the Athens 2004 games. Many of the stadiums and infrastructure are left untouched and abandoned to this day.
The open air makes hosting events extremely difficult. If the teams play in cold cities weather can become a problem. Building expensive outdoor stadiums is a waste of time and money.
With the Olympic games being held in Sydney this year, I wondered if perhaps the performance of the economy was being affected in part by the fiscal stimulus provided by Olympic construction in Sydney and other parts of the country. Australia’s economy has been performing well recently, suggesting that there might be some effect. Over the last five years, growth in Australia’s gross domestic product has averaged 4.35%, almost a full point above it’s thirty year annual average of 3.5%, and the unemployment rate is near a ten year low. According to one estimate, the Olympics will tack on an additional six and a half billion dollars, about 1.6% of the GDP, to Australia’s GDP over the