Many organisations are involved in realising the Olympic legacy including the UK Government, the Mayor of London, London Development Agency and Local Authorities (CS London, 2011). This essay will investigate the factors which justify public expenditure during a significant and sustained economic downturn. Paul Deighton, LOCOG chief executive has previously stated, ‘the games is a principal asset to the country’ (Magnay, 2010) however do the actions so far of the Olympic Committee reflected this statement and thus conclude that the Olympic Games is beneficial to London and the country as a whole. Taking into consideration the impacts of events is a growing concern for event professionals although this is sometimes difficult due to the diverse nature of such events. Barker et al (2002) suggested that through every stage of the planning process managers are striving to minimise the impacts of events and the negative externalities associated with them in order to justify event spending.
He is trying to persuade people to bring back the Olympics for the good of the world. Personally, I find this document to be biased, seeing that it was written by the original founder of the modern Olympic movement, so of course he supports anything that has to do with making the revival of the Olympics sound so lucrative. An additional document from a historian, who has had vast study on the ancient Olympic Games, would be beneficial to compare/contrast this document. What if the Olympics were the cause of major violent struggle among opposing countries? What if the revival of the Olympics wouldn’t be as beneficial as Coubertin is trying to make it seem?
Discuss the economic impact of the London Olympics 2012, examining employment, output and funding for the event. In this essay, I will be discussing the economic impacts of the London Olympics 2012. But before this can be done it is necessary to present a context of what the Olympics are. Subsequently after, I will explain the term ‘Economic Impact’ in relation to the London Olympics 2012 and examine is impact on employment, output and funding for the event. I will then move on to the main part of my essay and consider the advantages and disadvantages to British society of hosting the Games.
While most Olympic games focus only on what the games will be like, London saw the games as an opportunity to make an impact and long-lasting change; the games are a blueprint for sustainability in years to come. The primary aims of the games (in terms of sustainability) were to actively educate the public about and engage the public in sustainability and rejuvenate a derelict part of London. There were three areas of focus when constructing the sustainability plan for the games: before the games, during and after; each focal point was key in the all-encompassing plan to create change with three key aspects involved in each phase of the games: urban regeneration, raising awareness about sustainability and reviving a community. The first stage of the sustainable games was to build the arenas. The games were set in East London, one of London’s less desirable areas.
This movement has inevitably created many controversial, global debates. "Globalisation describes changes in societies and the world that, are the results of increased trade and cultural exchange." (Aminuddin and Shah, 2008). A main issue raised is whether sports companies are correct, for the way in which they go about globalising, focusing on how organisations manufacture their products. Are the workers being paid the correct wage, treated correctly and legal to work?
Naison (2002) stated “The birth of professional and college sports have served as two of the nation’s most powerful community-building institutions, helping to define American identity on the grassroots level as powerfully as our political system, our broadcast media, or Hollywood film.” The importance of sports cannot be ignored, overlooked, or underappreciated. Our society has proven that sports has helped evolved our culture from facing immigration implications, struggling conflicts with racial divisions, and undergoing the Great depression of economic change unmatched by any society in the world. The emergence of sports served as an escape from the everyday stress, pain, and hardships Americans faced during these troubled times (Naison, 2002). Many of the sports that we as students enjoy so passionately have important significant history behind it that relates to the development of our society. I believe as students enrolled in a History of Sports college course we are responsible for embracing the knowledge of our favorite child hood sports we enjoy so dearly and how the development of these activities came to past.
Valuation Case Valuation Case Tottenham Hotspur Tottenham Hotspur Executive Summary 2 Question 1: Tottenham’s Current Value 4 Question 2: Investment Options 9 Question 3: Stock Price Reaction 14 Question 4: Event Study 17 Sensitivity Analysis 19 Appendix 22 Executive Summary In 2008, Daniel Levy, chairman of Tottenham Hotspurs, plc., considered making a significant investment in building a new stadium, arguing that such an investment would be crucial to long-term success. It’s larger capacity would better serve its fan base and its improved facilities would attract higher-end players, allowing for the improvement of the club. Our group has been tasked to perform an analysis based on information provided to us in a case study. First, we estimate the club’s value given its current stadium and following their current player strategy using two types analyses: a discounted cash flows (DCF) analysis and a multiples analysis. Using a DCF analysis, we estimated the net present value of equity for Tottenham to be £89.06 million.
Explain the role of an event organiser Organising It is very important that you pick the right venue, as it’s central to any sort of business event as it affects the atmosphere. Choosing the right venue can make a big difference between and event being successful or not. The location of a venue will definitely effect whether the event will be a huge success or not. The target market should influence the location; in this case the event is for an enterprise launch day, so you would be looking for local participants, the event’s organiser would then need to think of the best location in the local area. The size of the location will have a massive impact on the event, a large location will be able to take in more people and it may even have a bigger range of facilities.
The use of Sports/Energy Drinks What are the benefits and negative effects? Literature Review Research and Learning Introduction: The use of sports/energy drinks is on the increase worldwide and is marketed as a way of replacing lost energy that in turn will allow for greater endurance (Friedman, E., Elliot, AJ 2008) This statement might not be 100% true. This review will focus mainly on the where sports drinks came from, the effects that sports/energy drinks have on athletes and how it affects their performance. We will also look at negative effects that sports/energy drinks might have on athletes. The purpose of this review is to take a critical look at existing research to identify avenues where future research could be carried out and to show how over hydrating can be just as bad as dehydrating.
The media has had a great impact on the recent presidential elections. It is the most important and influential factor when determining who to vote for. The media has both positive and negative effects, it can make somebody look like a heroic person who is ready to lead the country no matter what happens, and it can also someone look like a babbling moron who has no clue about anything. The two main types of media that affect the election are paid advertising and news reporting. Paid advertising is when a presidential candidate pays to broadcast his message to the American people.