Olympic Games Sponsors

It is evident that hosting the Olympics games is no walk in the park. The countries trusted with this task have to spend billions to make the games a reality. Some people believe that the countries, even after spending billions of dollars benefit from the games, while others believe that the money can be spent elsewhere more efficiently. To reach a conclusion, one must study all of the different impacts in all of the different sectors the games have.

London is currently hosting the Olympics this year and in preparation back in 2009 the event was predicted to “provide economic gold at a time of economic need,” however hosting the Olympics is an extremely costly business with the upgrades, new sports facilities, and security that it will cost much, much more than expected.

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.

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.

1. When the Dayton Dragons opened the gates of their new field in April of 2000 with what the team dubbed the “world’s largest outdoor billboard” they were using the strategy of:

According to the text, on Olympic.org (2017), the Olympic Games are one of the most effective global marketing platforms reaching billions in over 200 countries and territories. Corporate partners help provide vital technical services, product support, Games staging, and operations of every organization within the Olympic Program (Olympic.org, 2017). Olympic sponsorships create images of brand goodwill, build awareness and communicate messages, and afford employee reward and client entertainment opportunities (Keller, 2014). These

One thing many economists agree on is the overall lack of effect sports can have on a city. Cities seem to be less impacted by a professional sports team because of things like opportunity costs, substitution effects, crowding out, and leakages (Baade, Baumann, Matheson, 2008, p. 797). These economists’ theory is that if there weren’t sports teams, people would still choose to spend money on other entertainment or attractions (Baade, Baumann, Matheson, 2008, p. 797). How the substitution effect works in sports is you imagine a city has a game, which supposedly tons of tourists and outsiders come to enjoy. These outsiders come for the specific event in which they are paying a good amount for, are not going to want to spend tons of money on other

Big sporting extravaganzas are always meant to be good for the host city. It's how the evangelists that make up the bid committees sell it to governments and residents. And during the bidding process and the lead-up to the games, whether they be Olympics, Commonwealth, or PanAm/ParaPan, everyone gets worked up into an optimistic froth about how awesome all the new stuff they're getting is going to be.

There Olympics games are really expensive. When a city is hosting the Olympics, they tend to go all out for the opening ceremonies and facilities, going over their budget. If the city is going to go over budget, they should that they could make the money back. A perfect example of that is the two thousand four Summer Olympics held in Athens, Greece. Greece was only going to spend four point six billion dollars as that was their official costs. But the prices rose up as

Nice questions, well the answers for this questions are kind of tricky. I will say yes, once the tickets are yours, you have the right to do whatever you want to with the tickets, and if the policies state that members should not resell the tickets; then, it comes the unethical actions of the members. I believe that more than anything, the resale of tickets is not consider illegal, but more of an ethical or unethical action. It will depend on the person, and its moral values and beliefs. We all think different, and it is hard to agree when it comes to moral decision. Yours questions made me think more deeply into the situation, and I agree that there is not much point for the Olympic Committee to raise the ticket prices because somehow, people

It could be costly to be an sport photographer and therefore it will be a good idea to find some sponsors, this could help financially, even with your travels, the costs of your equipment and other materials. Sponsoring parties will use this as a marketing investment, and this could give the sponsor and event happenings positive exposure. Sponsorship is not just for big or domain businesses, your local businesses in the area could use it as a market tool that could improve their standing in their community. It is not always easy to find sponsorships.

Despite many incidents of the athletes and the corporate sponsors infringing the core values of the Olympics, the IOC claims that they are working on their part to enforce more significance on the Olympics moral standards. The IOC is the main organizer of the Olympics Games, who is responsible for the total construction of the event, from the venue, athletes, to the judging system; thus, it should be safe to assume that once the IOC determines to put effort into reviving the true spirits of the Olympics, the moral codes of the Games should gradually restore. During the Sochi Olympics event, where five athletes were sent home after being tested positive from the use of performance-boosting drugs, Thomas Bach, an IOC president, commented that

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

helped to organize the event by providing services that fully reflected the expected quality standards, albeit at the expense of personal stress. Organizing Committee staff at both the Sydney and Salt Lake City Games resulted from far larger application pools than Turin enjoyed. Staff in the Torino Games was deri ved from sixty-one percent of the total number of applications. Turin staff totals reflected low involvement (15 % of the total) of people from Italian regions other than the Piedmont. The presence of non-Italian staff, however, was a trifle higher, 18 %. This is certainly a

Olympic Games, as a global event, any Olympic Games will have a different impact on the environment, society, culture and economy of the host city and country. Especially since the 1980s, with the scale continues to expand, the impact of the Games on the host city and country of more concern. Another important issue will be social communities. For Olympic Games host city, it will has lots of change, like environment, social communities, local economic, etc.… But the host city still got something attractions and cultural staff. For example, Canada Whistler Winter Olympic Games, First, because of economic development, job opportunities increase, leading to increased consumer demand. Second, the Olympic Games will have a great demand for