Impact of Global Events on Macro Environment: A Case Study of Summer Olympics in Japan
Verified
Added on 2023/06/18
|23
|1113
|466
AI Summary
This report analyzes the impact of global events on macro environment using PESTLE analysis and SWOT analysis. It focuses on the case study of Summer Olympics in Japan and discusses the positive and negative impact of political, economical, social, technological, legal and environmental factors.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Global Events
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
INTRODUCTION Global events can be discussed as events that are held for a small period of time and have global range. The main goal of a state behind organising a global event is to attract people from all over the world. Some examples of global events are Olympic Games, The Royal Wedding, various music festivals etc. This report is based summer Olympics which is a global event that is held in Japan twice every year. This event contribute to its economic improvement and also provide access to various opportunities
Positive and negative impact of global events on macro environment It is required to apply pestle analyse to analyse the negative and positive impact of global events on macro environment. It is an macro economic analyses and use to gain knowledge about the impact of different factors on business organisation. The factors of pestle analyses are political, environmental, social, technological, legal and economical. The brief discussion related to impact of following factor on Excel, London are given below.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Political Factors Thisfactorofpestleanalysesplaysanimportantroleinthe management of global events. Global events involved participants from different countries of world so it is required to have positive relations between these nations.
Continue Brexit has very negative impact on united kingdom because cancellation of trade relations between united kingdom and other European nations increases the cost of transportation. This makes very difficult to manage transport cost for Excel London if they organise any event.
Economical Factors Global events has positive impact on macro environment. The public reach of these events are very high which enables host to earns adequate revenue. All the expenses related to organising of these events are incurred by host city but it is considered as investment because it involves high returns in future
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Continue . Excel, london organises many mega and regional events to and earns adequate profit. Several global events such as olympic and common wealth games plays an important role in the development of economy by way of generating job facilities and increasing relations between different nations.
Social Factors This factor is related to the preferences of consumer towards any imitative. United kingdom has huge number of people which prefers events in comparisons top another things. United kingdom manage many global events such as cricket world cup any many other sports tournament. This initiative by united kingdom attracts the people towards sports and creates belongingness between them.
Continue… . United kingdom manage many global events such as cricket world cup any many other sports tournament. This initiative by united kingdom attracts the people towards sports and creates belongingness between them
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Technological factors Global events brings many technologies and and innovation with them. The functional area of these events are very big which required advanced technology to be performed.
Continue… These events has involvement of different countries whci enables the use of different technology in their management. Excel London uses many advanced technology to reduce the cost of their projects.
Environmental factors Global events has both positive and negative impact on environment. There are many environmental initiatives taken in these events which includes protection of environment and sustainable business practises.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Legal factors Several rules and regulations by different countries are considered in this factor. Global events deals with the rules and regulations of many countries because it involves interest of many countries
SWOT analysis SWOT analyses relates to planning tool which is used to identify the strength, weakness, opportunity and threat of any organisation or products.
Strength This factor of SWOT analyses shows the strength of business which is used by organisation to make their business effective and profitable.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Weakness It is the internal factor of business organisation which decreases the abilities of organisation to work. Some of the weaknesses of Excel, London is lack of funds. Global events required huge investment from the organisers because of hike in prices of resources after Brexit
Opportunity ItistheexternalfactorofSWOT analyseswhichispresentinexternal market. It depends upon the abilities of business organisationswhethertheygrabthe opportunity from the market or not.
Threat :-It is also external factor which effects the business of organisationfromtheoutsideoforganisation.Company always try to minimise the threats because it impacts the survival of business. One of the most important threat which impacts the business of Excel, London is Brexit.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Conclusion From this report it is concluded that there are many factors of global events which effects macro environment in both negative and positive aspects. This report contains practical application of SWOT analyses to determine the strength, Weakness, opportunity and threat present with Excel London. It also contains PESTLE analyses to conduct the macro economic analyses.
References Bowler, J.M., 2020. Glacial age aeolian events at high and low latitudes: a Southern Hemisphere perspective. In Antarctic glacial history and world palaeoenvironments (pp. 149-172). CRC Press. Dedusenko, E.A., 2019. Sporting mega-events as catalysts for sustainability and tourism development in Russia. Journal of Environmental Management and Tourism (JEMT), 10(02 (34)), pp.346-353. Jones, K.T., 2021. WILDFIRE-FAVORABLE OFFSHORE WIND EVENTS IN CALIFORNIA: GLOBAL-SCALE CLIMATE TELECONNECTIONS TO EXTREME WEATHER AND POTENTIAL SUBSEASONAL TO SEASONAL PREDICTABILITY (Doctoral dissertation, Monterey, CA; Naval Postgraduate School).
References Marszelewski, W. and Piasecki, A., 2017. Effect of television broadcasts of global sporting events on short-term changes in the use of water from the water supply network. Journal of Water, Sanitation and Hygiene for Development, 7(4), pp.623-629. Perry, H.O., 2020. Single Midseason Drainage Events Decrease Global Warming Potential Without Sacrificing Grain Yield in California Rice Systems (Doctoral dissertation, University of California, Davis).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser