This presentation discusses the impact of global events on external factors, evaluates macro environmental factors, provides recommendations for improvements, conducts SWOT analysis, and highlights criteria essential for successful planning of events.
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Global Events
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Table of content Introduction Positive and negative impact of global events Evaluation of macro environmental factors Recommendations for improvements SWOT analysis Criteria essential for successful planning of events Conclusion References
Introduction Global events are those which are of limited duration that couldhaveglobalreachandwhichrequiresignificant public investments and have impact on population and built environmentpositive.Whilehostinganglobalevent, creates growth opportunities for several countries. These global events are world cups, Olympics, expos and other cultural fest. Within current presentation, it highlights what positive and negative factor does global event is on external factors.
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Macro environment Factors There are some of the global events which can impact the economy of a host country such as 1995 Rugby World Cup, south Africa. This is discussed below : Political factor: Thepositive impactwhich global events is providing on political is that they havetrueandeffectiverelationswithsouth Africa government which enhance their events and they creates positive impacts on markets also.
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Continue… Tourism factors: One of the positive impact of global events on tourism is that it brings of people which enhance tourism sector of a host country. On the other hand, the negative factor is that many of the people came which results in just making ugly places.
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Continue… Legal factor :Legal factors like global event is providing positive and negative impact on legal factors such as it follows rulesandregulationimposedby government which results in making good relations.
Continue… Environment factors-Rugby world cup, 1995 south Africa, creates negative impact by having airpopulation,waterpopulationetc.further, positiveimpactwillbeonmakinguseof traditional technologies and effective tools in South Africa.
Evaluate the macro environmental factors There can be various factors which could directly impact the global event and on theirfunctioningatnationaland international levels. There are some of the factors which could provide positive and negativeimpactonglobalevents.By analysing, it is said that all of these factors couldinfluencebehaviouraladdecision making functions of organisation team.
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Recommendations for Improvements It is important to consider all the points of internal and external factors in order to develop growth opportunities of a economy. However, some of the issues comes while organising an event. For that, some of the recommendation are made. It should be recommended that events should be made at pre-establish schedule for completion of the project. Further, event organisers should follow all the legal and government rules and regulations in order to maintain effective functioning of the event.
SWOT Analysis Foragrowthofaglobalevent,itis important to conduct SWOT analysis :
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Strengths •It was the first world cup of South Africa which was allowed to compete. •They have a participation of highly qualified sportsperson which provides major discipline and strength to this event.
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Weakness •Atthattime,thereisnomore sponsorsoftopbrandstopromotetheir global event. •In this no innovations and plans are used for growth of a event and evaluation of various regeneration process.
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Opportunities Some of the opportunity like they should focus on highly sportsperson who are of Indian sub continent.
Threats •The main threat for this world cup is that it turns into professionalism after having first event which provide a huge loss for global event organisers and world cups.
Criteria for successful event planning Therearevarioustypesofinternaland external factors which could impact global events. Events which are organised at large level have more impact on customers and they get attracted more as well.
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Continue… Properanalysisresultsinfocusingon economic,environmentalandpolitical factors and make important accordingly. By focusing on these factors, organizers focus ondevelopmentoffuturegrowth opportunities.
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Conclusion From the above presentation, it is concluded that there are various types of events which are conductinginvariouscountriesthathelpsindevelopmentofeconomy.Forenhancingof development opportunities, it is important to focus on internal and external environment which could impact its business operations and functions of events. Global events also provide positive and negative impact on external factors. It helps in making decision and earning more profits. Conducting SWOT analysis also resulting in achieving growth opportunities in a competitive market.
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References Almeida, A. and Garrod, B., 2021. Determinants of visitors’ expenditure across a portfolio of events. Tourism Economics, p.13548166211030019. Guimarães, G.V., de Almeida Guimarães, V., de Freitas Pereira, L., da Silva, M.A.V. and da Silva Portugal, L., 2021. Location factors explaining the production of trips by car during sports megaevents: The 2013 Confederations Cup in Rio de Janeiro. Case Studies on Transport Policy. Parker, D.A. and Angadi, D.S., Rugby Injuries. Specific Sports-Related Injuries, p.117.
CONTINUE Pratt, S., Rika, N. and Sharma, S., 2021. How a sports event can impact participants’ subjective well-being: The case of the Pacific Games–Samoa 2019. In Events and Well-being (pp. 49-69). Routledge. Wang,S.,Lee,S.andShin,H.,2021.Exploringvisitingfriends& relatives'(VFRs) image fit between Indy and the Indy 500. Journal of Physical Education and Sport, 21(4), pp.1728-1736. Williams, J. and Vamplew, W., 2021. Products, training, and technology.