Impact of Global Events: Positive and Negative Effects
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Added on 2023/06/04
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This presentation discusses the impact of global events on the economy, society, and environment. It covers the positive and negative effects of events, macro environment factors, and a SWOT analysis. Additionally, it provides recommendations for improvement and criteria for successful event planning.
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Global Events
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Table of content Introduction The positive and negative impact of global events. Macro environment factors Recommendation for improvement and solution for a specific event. SWOT Analysis Provide varied criteria which are considered essential for the successful planning of events Conclusion References
Introduction Global events are the events which are organised in global level but for limited duration. Different form of opportunities that are offered when global event are being organised as it provides enriched growth opportunities. Varied aspects are being taken under consideration when planning the global event. Different form of events which are organise are world cups, Olympics, cultural festivals and common wealth games.
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The positive and negative impact of global events Political factors Economic factors Social factors Technological factors Legal factors Environmental factors
Continued… PoliticalFactor:Thefactors symbolize primarily the manner in whichgovernmentimpactsthe economy of the event. The factor primarily includes political stability, tariffs,taxpolicyorlabor law(Alanzi, 2018).
Continued… Economicfactor:Theyarethe factor which support the event host todeterminecompetivenessin environment that is operated by the firm.It includes laws, wages and governmentpolicies.factoris related to the interest rate, GDP and many more.
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Continued… Social factors:They are the factors which impart habit or spending of the customers. They comprise of trends which impact the growth.the . This event make huge impact on the social environment of the country.
Continued… TechnologicalFactor: They are the factors which contributestheinnovation ortechnological advancementaccordingto market trends
Continued… Legal factor :-They are the factors which states the policy or regulations which hare need to be followed b y the host who organise theevent. The host need to analyse them effectively (Isphording, Lipfertand Pestel, 2021).
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Continued… Environmentalfactor :-They are thefactorswhichsymbolisethe action in which resources are being protected.Thecommonwealth games2010highlyimpact environmental factor as they make sure that actions are being performed in humanity mode.
Recommendation for improvement and solution for a specific event The effective recommendation that are need tobeimplementedbyCommonWealth Gamesorganisertoenhancethehosting benefits and making it more cost effective. The recommendation are: The host need to plan the actions in more effective manner to engage new audience for active participation and the gathering
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Continued… Toincorporateit, host need to plan the effectivestrategies in structural manner to ensure the success of the event
STRENGTH •Common wealth games incorporate thewidersourceofmediawhich helps them to promote awareness for varied culture in creative manner.
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Continued… •They supports the country to enhance their local, regional or national GDP in progressive manner.
WEAKNESS •The host has experience the varied controversies during the management of the event. •During2010event,theyhavewitnesshuge level of financial losses.
OPPORTUNITY •Geographicalexpansionorenhanced marketing opportunities provide event host to attract more audience..
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Continued… Toenhancetheaudience encouragement for the event the host need to incorporate theneworadvancesports regularly
THREATS •Sincethelargeamountofaudience gatherstogether,itmustdelaysthe environmental conditions. •Theplanningoftheeventsneedto madewhileensuringthatitmust contrast with any other sports event as it will reduce participation.
Provide the varied criteria which are considered essential for the successful planning of events. Common wealth event is organised in the large scale the accurate planning need to made to ensure the success. However, it is the type of mega event budget, values or actions planning need to be done before hand.Thehostalsoneedtoanalyseinternalor external factors which might impact management.
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CONCLUSION From above presentation report, the role of organizing in global event isbeenconcluded.Theseglobaleventsimpactthegrowthand development of firm in effective manner. Report recount about the positiveandnegativeimpactoftheeventsandvariedmicro environmentimpactinreferencetocommonwealthgames. Additionally, it also recount about various criteria which are need to be taken in account when managing the event.
REFERENCES Alanzi, S., 2018. PESTLE Analysis.Project Management. Isphording, I.E., Lipfert, M. and Pestel, N., 2021. Does re-opening schools contribute to the spread of SARS-CoV-2? Evidence from staggered summer breaks in Germany.Journal of Public Economics,198, p.104426. Wu, Y., 2022. Netease Company Analysis Based on SWOT Analysis Theory. InInternationalConferenceonBusinessandPolicyStudies(pp.53-63). Springer, Singapore.