This report examines the diversity of the global events sector, factors influencing its development on local and global levels, management strategies for responsible event development, and the impacts and legacy of global events. The report focuses on the Cricket World Cup 2007 as an example of a global event. It discusses the structure and organisation of different types of events, including mega events, hallmark events, and major events. The report also evaluates the key factors that have influenced and shaped the events industry and the role they play in society. Additionally, it explores the value, impacts, and legacy of global events and the environment in which they operate. Finally, the report reviews management strategies used to support responsible event development across a range of global events, including budgeting and cost-cutting measures.