Global Events: Impact on Macro Environment and Recommendations for Improvement
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Added on 2023/06/18
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This presentation analyzes the positive and negative impact of global events on the macro environment and provides recommendations for improvement. It also includes SWOT analysis and specific criteria for successful event planning.
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Global Events
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Table of content Introduction Effect that the positive and negative impacts of the global events Evaluate the macro environmental factors, their influence on global events industry Provide recommendations for improvements and solutions for a specific event SWOT Tools Specific criteria for the successful planning events for both internal and external environment Conclusion References
Introduction Global events are the type of events organised at the global level attracting large number of audience around the globe. It is defined as the kind of events that are of limited duration having global reach, including specific public investment also creating direct impact on the population and the environment. This presentation includes the positive and negative impact of the global events have on the macro environment.
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Macro environment The global events are the type of events that are organised at the global level, events like FIFA world cup which are the considered to environment be the mega events are effected by various macro factors. The main macro factors effecting these kind of events are mentioned below
Economic factors The events like FIFA world cup are organised at the large scale and at the global level. The main aim of these kind of events is recovering the investment amount at the large scale. These kindofeventsleadstoattractingnumberof audiencearoundtheglobeleadingtothe development of tourism.
Continue Political factors:The political factors like government policies and rules have created direct impact on the mega events like FIFA world cup, these kind of events are organised at the global level through bidding by the countries. In case of strict political rules and regulation imposed related to events industry will create negative impact on organising the mega events but supporting policieswillcreatepositiveimpactonsmoothly organising the events.
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Continue Legal factors:The legal factors includes the rules and legislation imposed and needed to be followed by events industryinordertosmoothlyorganisetheirevents. EventslikeFIFAworldcuporganisedbyone international country, so strict legal laws will create negative impact on the mega events. Also the supporting legal laws will helps in enhancing the development of the event industry and smoothly carry out the events.
Continue Technological factors:Any kind of changes in the technology factors directly influence any kind of industry at the national or global level. Adopting new technologies will helps the event industry to successfulattractlargenumberofaudienceand successful organise the event where as any kind of technological changes will create negative impact.
The macro environmental factors, their influence on global events industry Therearenumberofmacro environmentalfactorsavailablethat directly influence the functioning of the events industry at the national and global level.Thevariousfactorinvolves environment,political,legal,economic, technologicalfactors.Properanalysisof thesefactorshelpsinanalysingthe factorsthatcancreatebarriersforthe successful organising of an events at the national and global level and accordingly requiredactionscanbetakeninto consideration by the event industry.
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Provide recommendations for improvements for a specific event For an events to be effectively contribute to the growth and development of the economy and also to be completed in the successful manner it is essentialfortheeventindustrytoanalysethe various internal and external factors included and also effectively considered the challenges involved andovercomethemeffectively.Thevarious recommendations that can be considered by the events industry for the effective enhancement and growth of the event industry are mentioned below:
It is recommended that the events should analyse the effective legacy from the global events ad the effective management strategies It is also recommended that the event should analysed their sustainability goals and also determine the pre determined goals which will helps them in the further growth and development. In addition to this before organising the events in an particular country the community preference should be given the top most priority as this will help in overall successful organising of the event.
It is also recommended that the event should analysed their sustainability goals and also determine the pre determined goals which will helps them in the further growth and development. In addition to this before organising the events in an particular country the community preference should be given the top most priority as this will help in overall successful organising of the event.
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SWOT Tools Swot analysis is one of the most essential strategic tool used the business organisation in order to analysethestrengthandweaknessand additionally analyse the various opportunities and threat available.
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Continue Strength: Proper strategic planning like analysis of economicimpactandanalysingthe perspective of the community helps them to have impact on the global economy. Also the use of effective strategic planning helps the mega events to use the legacy and use the process of regeneration effectively.
Continue Weaknesses: One of the main weakness of the mega events like FIFA world cup is that these kind of events have complex structure. Also these kind of events are within the difficult government strategies and target.
Continue Opportunities The main opportunities can be organising in the well developed country leading to the overall growth of the economy. Various regeneration initiatives and legal policies helps in the growth and development in the effective manner.
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Continue Threat: Changes in the economic factors of the countrywillcreatedirectthreatin organisingeventsattheglobaland national level. Alsochangesinpoliticalrulesand policieswillcreatedirectthreatin organising mega events like FIFA world cup
Specific criteria for the successful planning events Therearevariousinternaland external factors that directly influence the successful planning of the events like mega events which are generally organised on the largescaleattractinglargenumberof audience. For the events like these it becomes essential to properly analyse their internal and external environment.
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Conclusion From the above discussion it can be concluded that various events organised at the global level helps in enhancing the growth and development of the economy. This presentation helps in analysing the positive and negative impact of the global events on the macro environmentalsoonthedecision-makingandorganisational behaviour. Also the essential criteria is analysed for the successful planning of the events using the Swot analysis in this presentation.
References Lazreg, M., 2018.The eloquence of silence: Algerian women in question. Routledge. Getz, D. and Page, S.J., 2019.Event studies: Theory, research and policy for planned events. Routledge. Jones, Z.M., 2020.Cultural Mega-events: Opportunities and Risks for Heritage Cities. Routledge. Parent, M.M. and Ruetsch, A., 2020.Managing major sports events: Theory and practice. Routledge. Van Dijk, T.A., 2019.Macrostructures: An interdisciplinary study of global structures in discourse, interaction, and cognition. Routledge.
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