Economic Impact Of The Olympic Games

Improved Essays
Hosting the Olympic games for any country is an extremely daunting task, but many have chosen to take it on in hopes of stimulating their economy and creating infrastructure to benefit their people. However, the Olympics has in many instances proven to have negative economic impacts on hosting countries and cities. Recognizing this impact, the International Olympic Committee (IOC) has recommended in their Olympic Agenda 2020 that they would be, “inviting potential candidate cities to present an Olympic project that best matches their sports, economic, social and environmental long term planning needs (Olympic Agenda 2020). Such a recommendation, supports developed nations whom are looking to improve and not construct those specific needs. It …show more content…
Neighboring cities or even countries can partner with one another to host the summer Olympics. In this case, this allows for collaboration amongst countries and broadens the audience for marketers (Miller, 2012, p.15). Having two countries host the Olympic games, costs decrease tremendously as these neighboring cities may gain already developed facilities and also increases the possibility of sponsorship. Although this may be true for developed countries, Kenya’s neighboring countries are as impoverished and will require facilities as well. The goal of this implementation for the games “is to have more diversity, to give smaller countries the opportunity to organize games” (Associated Press, 2014). This objective is essentially lost as these “smaller” countries cannot be developing countries, due to a lack of resources. Diversity a very incremental goal for the IOC, is limited to a country that can sustain most of its self. A country in Africa is possibly the greatest way of promoting diversity for the Olympic games as, “an African city could frame their efforts in a number of ways from a focus on greater tourism and commerce to simply a greater presence in the global community” (Shropshire). This also allows airlines to be able to gain official sponsor rights for the games. With such sponsorship opportunities, Kenya can gain additional revenues that would assist in the …show more content…
A great promotional campaign could be created as, “the unique focus of these mega-events can also bring people together in a common cause and quickly leverage change” (Miller, 2012, p.17). There are many environmental sustainability opportunities in Kenya, which can assist in improving their way of life. Many Kenyan athletes could be used to bring awareness to their country and the environmental concerns. Through such efforts, the marketing of athletes is prominent and so is the marketing of sport. Olympic athletes, “can be very influential and it makes sense that Olympians are speaking out about important causes” (Associated Press, 2014). Marketing through sport for such important causes brings awareness to not only the environmental conditions, but also the sport and athlete itself. Companies are given the opportunity in such a market to brand themselves in a way that can attribute them to making positive changes. Unfortunately, these opportunities once again will go unexploited, as the IOC won’t be able to see the sustainable impact the games will have on Kenya, as they are so undeveloped in such an

Related Documents

  • Improved Essays

    One Expensive Game When most people think of the Olympics, common words that first come to mind are pride, uniting, competition. But behind all of the glitz and glamour of ceremonies, games and celebrities, stands the hard truth of the cost of the Olympic games. From 1968 to 2010 an average Olympics costed the host city an average of 3.6 billion dollars, and the numbers have been skyrocketing ever since. A prime example of an immense budget overrun was shown in the 1976 Olympic games held in Montreal. This brings forth the argument: was the great deal of money spent on the 1976 Olympics a waste?…

    • 1148 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Unit 13 P1

    • 601 Words
    • 3 Pages

    London also qualified to host the 2012 Olympics games because it had established some committee to coordinate the emerging issues. London had also prepared some slogans to back up their bids and invite investors to use the slogan and the Logo so that they can be able to invest and support the activities (London Organising Committee, 2012). The international slogan was ‘sport and heart’ which meant that every nation should own the Olympics and not only the host. Delivery, Experience & Venue Legacy…

    • 601 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Introduction Detroit, Michigan is a unique city boasting of an iconic past, a gloomy present, and a potentially bright future. Once one of America’s largest and most thriving cities because of professional opportunities in the automotive industry, Detroit fell to devastating lows after the loss of thousands of jobs from Ford Motor, General Motors, and Chrysler. Detroit is the 18th overall most populated city in the United States, the largest city in the State of Michigan, and recently became the largest American city to file for bankruptcy. Though the city currently faces a laundry list of problems, I believe that Detroit is fully capable of hosting a successful Olympic Game years from now that could help change the overall condition of the…

    • 1699 Words
    • 7 Pages
    Great Essays
  • Decent Essays

    The Summer Olympic Games open in Berlin, attended by athlete and spectator from countries around the world. The…

    • 204 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Olympics Dbq Essay

    • 470 Words
    • 2 Pages

    Nations from all around the world have competed in many games. Even if nations disagree with political views, they still join each other to watch and enjoy the…

    • 470 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Is Rio, a suitable host for the Olympics, has been the subject of much debate in the media recently. It is in response to this discussion that Chris Berg has written his article "Rio's financial crisis reveals the moral bankruptcy of the Olympics" and Mark Knight has also drawn a cartoon. In his article, published in The ABC News on 21 June 2016, Berg contends in a frustrated and critical tone that it is the epitome of government waste. Berg's intended audience seem to be comprised of the people watching the Olympics, and he develops an upsetting persona for himself to appeal to this readership. Similarly, in his cartoon, published in the Herald Sun on 6 August 2016, Knight contends in an old and downy tone to show the slums of Brazil.…

    • 809 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The use of their brand is powerful in becoming the greatest athlete they can be. With the help of Nike apparel, people can be a professional athlete with just a little practice. Nike brand helps consumers compete at their peak performance. Athletes in this commercial are told they are champions, but consumers visualize the success that could be achieved with the use of Nike products. This commercial not only utilizes success of athletes for attraction of buyers but also the use of many different sports in the commercial.…

    • 1138 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Olympic Argumentative Others may argue that the Olympics would be awesome to be held in your own town, but however there are many flaws of having that happen. Just imagine all the building that would have to be done, how much money would get spent, and how hundreds of people will travel to your town for the Olympics, and how crowded everything will become. If you have some important event to go to, you may become late to that event due to all the traffic from all of the tourists. Is having the Olympics in your town really worth causes traffic, or taking away more land to build the Olympic stadium that will hardly ever be used?…

    • 484 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Should the olympics stay By: Wyatt It's down to 3 seconds on the clock, messi goes in for the goal. He scores and the crowd goes wild.…

    • 235 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Motivated by patriotism and future revenue, state and local governments contributed substantial funds, real estate, buildings, personnel, and support services to the Olympic training centers. In return for the opportunity to train for competitions without financial worries,…

    • 749 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    First, the spread of sports throughout the world has allowed European athletes to participate in professional leagues around the world. For example, the National Hockey League, the National Basketball Association, the Association of Tennis Professionals, and the English Premier League are prime set examples of allowing these athletes to play professionally across the world. In addition, the spread of sports has led to the number of countries widely increasing in international sporting events. For example, countries like, Uruguay, Kenya, and Venezuela all participated in their “first Olympic Winter Games in 1998 in Nagano, Japan” (cf. International Olympic Committee, 2008a).…

    • 887 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Every four years, thousands of athletes gather in a distinguished city for the opportunity of a lifetime to show off their talent, dedication, and passion for their sport. It is a significant event across the globe and gains millions of viewers worldwide. Athletes from every nation compete against each other with a sense of unity and pride to reach new possibilities and achievements. Each athlete pushes themselves to the next level for a chance to gain the gold. The history of the Olympics have influenced American athletics and culture and has had a significant impact on society today.…

    • 1184 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Nike Stakeholder Analysis

    • 1018 Words
    • 5 Pages

    The company influences them, and they influence the company in return. The brand image and sales performance of Nike sports shoes, apparel, and equipment are significantly subject to the effects of stakeholders’ interests and corresponding actions. Nike addresses these stakeholders’ interests through a number of corporate social responsibility programs. As a global business, Nike Inc. has a wide variety of stakeholders with significant influence on the sales of the firm’s sports shoes and other products. The company’s corporate social responsibility programs target only a number of major stakeholder groups.…

    • 1018 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Sporting Event Analysis

    • 1625 Words
    • 7 Pages

    This essay will critically analyse the claims that sporting events bring positive economic benefits to the host city. The analysis will focus on one mega event, namely the Olympics, and how previous events have benefitted or hindered the city in regard to the economics of the city. During the bidding to host, and indeed throughout the running of a major sporting event, it is widely assumed that sporting events are used as a catalyst for economic advancement, and many governments around the world have made hosting a major sporting event their main objective. In order to fully understand the extent of the impacts a mega event can bring to the economy, it is important to have knowledge as to how impacts are separated into three different…

    • 1625 Words
    • 7 Pages
    Improved Essays
  • Superior Essays

    The company’s focus and vision is to first and foremost “serve the athlete” by providing superior products to the athletes. Nike, Inc. markets these products with intense focus on what an athlete desires, also a product that would suit the general population. The company recognizes that innovation will be what spurs the shift to sustainability. Nike, Inc. have developed three objectives that fall in line with their mission statement; Innovation to serve the athlete, innovation to grow the company and innovation to inspire the…

    • 1835 Words
    • 8 Pages
    Superior Essays