Impact of Olympic Games on Business and Society: Analysis

This report provides a comprehensive analysis of the Olympic Games, examining its impact from various perspectives. It delves into the business aspects, highlighting how the Games can positively influence business performance and the opportunities for growth and development. The report also explores the environmental perspective, emphasizing the importance of considering pollution, carbon footprint, and sustainability. Furthermore, it analyzes the social perspective, discussing the intangible benefits such as social cohesion and morale, while also addressing the challenges faced by smaller communities. The report concludes with recommendations for host countries, suggesting policies to support event conduction and facility development, ultimately aiming for successful Olympic Games bids. References from academic sources support the analysis.

Academic and Professional
Skills

Table of Contents
 Introduction
 Analysis
 Conclusion
 References

Introduction
Events can be defined as occasions that allow interaction among people and there are
different types of events based on their purpose. Different events have their own
purpose and include various activities that are associated with various purposes.
Olympics is a global event that takes place once every four years and attracts
participants from all over the world. The report includes an analysis about events that
take place globally like the Olympics as well as the various barriers that affect the
same.

Analysis
The Impacts on the business
Olympic game event can be consider as the advantage of the business sector as it
will lead to positively influence performance of business. It is has been analysed that
bidding of government for Olympic Games events needs to consider its impact on business.
Through this, it is opportunity of business to grow and develop its organisation by offering
products and services to large market area. Olympic Games events will lead to have major
affect over business practices along with its sales.

Cont…
The impacts from an environmental perspective
Environment play significant role in successfully or effectively functioning of an
event. It is essential for organizers to consider environmental perspective while taking
important decisions or creating strategies to conduct Olympic Games events.
Environmental factor consist of pollution, carbon footprint, sustainability as well as
various others aspects. Country size appears to affect the assurance to grant the Winter
Games.

Cont…
The impacts from a social perspective
Social perspective can be describe as the factors that is related to society and
its citizens. The impact from social perspective consist of intangible benefits such as
social cohesion, morale, entertainment along with others aspects that are significant
for individual. While little urban communities in the mountains have restricted zone
and space for development and foundation minimizing expenses, the occasions must
be spread neighbouring urban communities to satisfy the needs.

Conclusion
From the above presentation, it can be concluded that global events are important for
the overall economic development of a nation. These can be referred to as events that
are conducted at a global level and attract a large number of people from all across
the world to participate in them. Olympic games is one of the most famous global
events that is conducted every four years.

Recommendations
Some of the recommendations are that the host country is recommended that it
should develop a policy that will support in conducting such events and ensuring that
there are appropriate facilities available for conducting the same effectively. Not only
this, the policy will also help in making successful bids for conducting the Olympic
games. . Therefore, when a country will enter the bidding process, its vision for new
sporting facilities along with other projects can also be observed.

References
 Gruzdev, M.V. ad et.al., 2018. University Graduates' Soft Skills: The Employers'
Opinion. European Journal of Contemporary Education. 7(4). pp.690-698.
 Hutchins, R.M., 2017. Developing Professional Skills: Criminal Procedure. West
Academic.

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