2 Business Events Table of Contents Introduction................................................................................................................................3 Comparison and discussion of both events................................................................................4 Reflection...................................................................................................................................7 Conclusion..................................................................................................................................7 Reference list..............................................................................................................................8
3 Business Events Introduction Event management industry is growing rapidly throughout the world and this industry is contributing to the global economy. This study focuses on comparison of all aspects such as impact, marketing strategy and gaps of two large events Olympics and the FIFA World cup. In addition, this paper is adding recommendation to improve management of these kinds of events. Background of events (Olympics and FIFA World cup) Olympics and FIFA World cup are two different kinds of sports events that attract people from all over the world. Olympic mega-event consists of two categories such as summer Olympic and winter Olympic. The first event of Olympic had taken place in Athens, Greece in the year of 1896 (Olympic.org, 2019). Since that time, this mega event is being arranged in every four years. Summer and winter Olympics takes place two years apart from each other. Near about 200 nations participate in this mega event. On another hand, Jones (2017) have mentioned that FIFA World cup is the football competition between national football teams of men from countries that are members of FIFA and other global governing bodies of Sports. Target market Olympic Games consist of 33 different sports and this event considers all kinds of sports lovers as their target market. According to Müller & Gaffney (2018), sportspersons from more than 200 nations take an active part in Olympic Games and people from these countries come to watch matches of Olympics. Due to this reason, organizers are being able to get huge amount of profit from organizing this mega event. On the other hand, FIFA World cup organizers target football fans towards this event. People from all over the world prefer to watch FIFA World Cup and this aspect can be considered as the main reason behind success
4 Business Events of this mega event. Both of these events successfully targeting people from all age group towards sports events. Destination image Sports mega-events like FIFA world cup and Olympics improve destination image of a region. There is a huge competition among different countries and cities in order to host these events because this increases global image of those cities. As opined by Al-Emadiet al. (2017), destination image can be defined as impression created by climate, people, places of a destination. Organization of these mega-events increases motivation among people to visit these places. According toMaslow's motivation theory, different factors of destination and events increases arousal among people for visiting those place (Gál & Stănciulescu, 2017). Attractive stadiums, proper climate, mega events attraction and basic factors like security and safety act to build a destination image. Comparison and discussion of both events Social, cultural, economic and environmental impacts Different social impacts can be viewed duringorganizationof FIFA world cup like equality and providing assistance to people who are affected due to various reasons. For example, in FIFA world cup 2018, women in Iran were allowed to visit stadium for watching live match. Different cultural impacts can be noticed during organization of these events like building of general infrastructure and political ramifications. For example, during Brazil world cup different new hospitals and roads were constructed. In addition, unity among countrymen increases during hosting mega-events like FIFA world cup (Lu, 2016). On another hand, hosting event of Olympics increases the sense of pride, unity, and athleticismthat can be identified as social impacts.As stated by Ratten (2016), Olympics improve social and
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5 Business Events cultural factors of a country by increasing the sense of glory and sportsmanship. People from different culture come and enjoy the games that increase the sense of diversity. Economically mega-events like Olympics and FIFA world cup helps a destination to earn more revenue. FIFA world cup 2010 has helped South Africa to earn revenue from tourism that has helped them to flourish. However, Coelhoet al.(2019) stated that hosting mega- events like FIFA world cup and Olympics can be proved economically disastrous because huge investment is done on bidding and making infrastructure. Just like FIFA world cup, huge investment is done by hosting country of Olympics for making stadiums and other infrastructure like transportation. Booming economy is expected by the host from tourism and other ways. As mentioned by Streimikiene & Bilan (2015), some countries flourish while some face huge debts.Hence, this factor is similar for two mega events as an organizing destination can earn profit but chance of huge debt is also there. Environmental impacts are noticeable during organization of Olympics. For organizing winter Olympics in 2018 several trees are cut down that has created environmental impacts. On the other hand, while organizing Sochi Olympics in 2014 huge environmental pollution can be viewed due to construction. However, FIFA has taken some steps to increase sustainability and reduce environmental impacts like deforestation, land and air pollution while organizing FIFA world cup. Different regulations are imposed by compliance with green building, waste management, and others.
6 Business Events Figure1: Environmental impacts due to Olympics (Source: https://www.theguardian.com/environment/2015/sep/16/olympic-organisers- destroy-sacred-south-korean-forest-to-create-ski-run) Marketing strategy implemented to promote branding Olympic organizers use effective marketing strategies in order to attract maximum people towards their event. Theyenter into partnership agreement with companies that can influence millennial. Exposure of advertisements of this event on Netflix, YouTube, and other popular networks are helping organizers to attract maximum people from millennial group towards Olympic. In addition, they areusing virtual realityfor enhancing brand awareness. Organizers of this event areadvertising this event on snapchatduring streaming of live events for attracting maximum audience. According to Bruwer, Gross & Lee (2016), the concept ofGame theorypostulates that firms try to achieve the most preferred outcome through their marketing. In this case, Olympic organizers are focusing on generating maximum benefit from their events through effective marketing. On another hand, FIFA uses different marketing strategy in order to attract maximum audience towards world cup matches. They usesocial media marketing strategyin order to
7 Business Events attract people from all generations. As opined by Fanet al.(2017), theInstitutional theory, action related to implementation of marketing strategy depends on the business environmental factors. FIFA always takes account of environmental factors before applying marketing strategies. Theyadvertise their event on popular TV channelsto attract viewers by means of endorsements. Recommendations for improvement Different recommendations can be in marketing of these mega-events in sports that include creating attractive blogs regarding these events.Creation of blogscan help to motivate and create interest among those people who have less knowledge about these events. Olympic association needs to create attractive blogs regarding unpopular games like handball. Moreover,community of hosting regions needs to be engagedthat can increase success rate of these events. It can be seen that during organization of FIFA world cup in Brazil different protests were organized. This can hamper on destination image and return on investment may not be achieved. Spreading awareness regarding utility of these events can help to engage local community. Reflection If I am the organizer, I would like to focus more on using virtual reality. For example, I would enter into partnership with popular brand in order to attract people from their customer base. If people win chance of meeting their favorite sportsperson, they will be influenced to watch their matches as well and my event will gain more attention in this way. On another hand, I would like to invest in programs that ensure sustainable development of society and environment. Taking active part in this kind of events may help me to enhance brand recognition. Being an organizer, I would like ensure regular social media activities to be kept
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8 Business Events in touch with existing attendees. On another hand, these marketing strategies will be able to attract more potential attendees towards events. Conclusion From the above discussion, it can be concluded that organization of mega-events like FIFA world cup and Olympicshavegreat impact on a region. Economical impacts may result in creation of huge debts or can cause economic boom.Improper regulations and unethical construction can have huge environmental impacts because unethical practice like deforestation impacts in climate change.However, the sense of unity and sportsmanship increases by organizing these events. Different marketing techniques like social media marketing and endorsements are adopted for branding these events.
9 Business Events Reference list Al-Emadi, A., Kaplanidou, K., Diop, A., Sagas, M., Le, K. T., & Al-Ali Mustafa, S. (2017). 2022 Qatar world cup: impact perceptions among Qatar residents.Journal of Travel Research,56(5), 678-694. Retrieved from: Bruwer, J., Gross, M. J., & Lee, H. C. (2016). Tourism destination image (TDI) perception within a regional winescape context.Tourism Analysis,21(2-3), 173-187. Retrieved from: Coelho, M. G. R., Amorim, J. G. B. D., & Almeida, V. M. C. D. (2019). Sports Mega-Event Sponsorship: The Impact of FIFA Reputation and World Cup Image on Sponsor Brand Equity.BAR-Brazilian Administration Review,16(1). Retrieved on 6thmay 2019 from: Fan, D. X., Zhang, H. Q., Jenkins, C. L., & Tavitiyaman, P. (2017). Tourist typology in social contact: An addition to existing theories.Tourism management,60, 357-366. Retrieved from: Gál, T., & Stănciulescu, G. (2017). Sport Events Worth Travelling All Around The Year.Knowledge Horizons. Economics,9(3), 25-29. Retrieved from: Jones, M. L. (2017).Sustainable event management: A practical guide. Routledge. Retrieved from:
10 Business Events Lu, H. (2016). Inspiration of Successful Experience of US and European Enterprises Leveraging Sports Marketing on “Going Global” of Chinese Enterprises.Journal of Sports Science,4, 250-255. Retrieved from: Müller, M., & Gaffney, C. (2018). Comparing the Urban Impacts of the FIFA World Cup and Olympic Games From 2010 to 2016.Journal of Sport and Social Issues,42(4), 247- 269. Retrieved from: Olympic.org, 2019. Home. Retrieved on 5thMay 2019, from: Ratten, V. (2016). The dynamics of sport marketing: Suggestions for marketing intelligence and planning.Marketing Intelligence & Planning,34(2), 162-168. Retrieved from: Streimikiene, D., & Bilan, Y. (2015). Review of rural tourism development theories.Transformations in Business & Economics,14(2), 21-34. Retrieved from: