The Positive Impact Of Olympic Economics Essay

The Positive Impact Of Olympic Economics Essay The birthplace of Ancient Olympic Games is Ancient Greece which is called as the Olympic Festival and it was held every four years. Due to the sacrifices of animals were made, a number of the sport competitions occurred which include stadium race, boxing, wrestling, horse riding events and pentathlon such as running, jumping, discus, javelin and wrestling. The winners of the competition were crowned wreath of wild olive and also get great honor. All the Greeks were being allowed to enter into the competition except for the slaves and barbarians. The ancient Olympic Festival was continued until the end of Greek Empire over two thousand years ago. (Technology Student, 2004) Baron Pierre de Coubertin which is the founder of the modern Olympic Games, said that the most important of Olympic Games is to take part in but not to win, as the most important things in life is struggle but not victory. The first modern Olympic Games were held in Athens in 1896 which has been chosen as recognition of Greek Festival. Its purpose is to create games in order to ensure that people around the world would compete and meet in friendly atmosphere. The meaning of the modern Olympic is the athlete from each country takes an oath In the name of all competitors, I promise that we shall take part in these Olympic Games, respecting and abiding by the rules which govern them, in the true spirit of sportsmanship, for the glory of sport and the honor of our teams at the opening of the ceremony. The aim of Olympic movement is the goal of the Olympic Movement is to contribute to building a peaceful and better world by educating youth through sport practiced without discrimination of any kind and in the Olympic spirit, which requires mutual understanding with a spirit of friendship, solidarity and fair play. The head office of the International Olympic Committee (IOC) is located in Lausanne and Switzerland in order to manage and control the Olympic Movement and the members are from all around the world. The motto of Olympic is called Citius, Altius and Fortius in Latin which means faster, higher and stronger or braver. (Technology Student, 2004) The Objective of Olympic: The objective of Olympic is strived to promote Olympic Games which meets the standards of sustainable development and also respect the environment. The Olympic Games are to promote sustainable development in sports and needs. Besides that, the Olympic Games also promotes positive legacy to the host cities to the Host countries. (Wiki Answers, 2013) Positive Impact of Olympic: Besides being a sport, Olympics also affect business and hosting countries which are businesses can gain from Olympic such as increasing sales, advertisements and reputation through sponsorships. All the companies, sponsorships and investors of the world are focused on Olympics Games in order to help all the business to increase sales. Hosting the Olympic Games can bring many benefits for the host country which can be divided into either short term or long term. The short term of economic benefits including of the fresh cash flow from the visitors who visit the host country, athletes, officials, training activities, cultural events and media activities linked to the Olympics and the formation of Olympic committee. There have three major categories of long term economic benefits for hosting Olympic Games which are including the creation of infrastructure is reaching the global standards, the concern of the international community through media and related to the community. (Globalrp E conomy Issue, 2013) Short term economic benefits are likely as the total changes that occur in terms of revenue, employment and total national output through foreign investments. The first national economic impact will lead to the fact that the host country will be required to produce more services and goods. Therefore, the goods will be consumed to the athletes and the official themselves. The international visitors will need to consume the industrial products. Besides that, that Olympic also include of media personalities of nationally and internationally and these groups will also need to consume goods and services by the host country. There will be also many sponsors participate in Olympic Games and they will also required to consume the commodities. Therefore, the total amount of additional revenue will come from the sales of production of goods by the host country and the above mentioned groups will form a huge of direct economic benefits from the hosting Olympic country. (Globalrp Economy Issue, 2013) Another short term of positive impact of Olympic is some tourists may be interested when seeing the host countys website during the Olympic Games and after. Therefore, there will be large amounts of revenues from those visitors. Research indicated that hosting Olympic country can earn 823 dollars from visitors who visit or access the host country within the first twenty days prior of Olympics and twenty days after the Olympic. (Globalrp Economy Issue, 2013) In addition, the positive impact of Olympic is providing job opportunities or employment. We should not be underestimates the level of creating the employment opportunities from the host country. In fact, an economic estimate in Atlanta, Georgia which is a state that organized the Olympic), the result shows that about seventy seven thousands of employment opportunities were been created. The hotel industry and lodging take up the largest part of creating the job opportunities. Besides that, the food industry such as bars also provides job opportunities. Additionally, the construction sector also will be provided jobs since there will be additional infrastructure such as new buildings. (Globalrp Economy Issue, 2013) The long term economic benefits from hosting the Olympic Games can be as legacy of host country. The first legacy will be considered of facilities built specifically for Olympics. After the Olympic Games, the facilities can be continuing operation for many years. The host country needs to build a top level of Stadium in order to meet the international standards. In fact, Georgia was hosting the Olympic Games in year 1996 and the stadium was costing them approximately 189 million US dollars which is consider as quite good investment since the rate of return greater than investments. (Globalrp Economy Issue, 2013) Another important positive impact is the fact of hosting the Olympics will be exposure for the host country through excessive media and the hosting country will be able to seen by the World. Therefore, their strengths will be reflected in their marketing efforts and this will greatly increase their tourism industry the next few years. Additionally, there will be also exposure in business aspects in order to attract investors come and invest in host country. (Globalrp Economy Issue, 2013) As a host country, London Olympic Games was the worlds hottest spot in 2012. Olympic is an important and massive event that a collection of athletes, media, visitors and politicians from all around the world which is definitely a prestigious role city. According to London, the Olympic Games provided positive impact to the larger businesses in London although there is not reach the extent that had anticipated. But according to the survey of 100 large companies by Deloitte which is the official professional services provider to London 2012. Since the beginning of the Olympic Games, 42% of companies reported that an increase in demand and 77% of retailers increase in demand from the new customers. This result preparation and planning was paid off. Naturally, the greatest advantage is the increasing in Tourism industry. According to London, it was been attracted approximately 300,000 of foreigners and also about 5.5 million day trippers during Olympic Games. (The Consultant Eu, 2013) Another fact was according to Beijing China in 2008, the number of visitors or tourists were rising rapidly. This result shows that Olympic brings the host country to increase the visibility. According to Chen Jian who is the president of Beijing Olympic Economic Research Association was estimated that Beijing was received about 600000 foreign visitors and 2.5 million from Chinas domestic tourists during the Olympic Games along with the number of foreign visitors in Beijing will grow 8% to 9% annually. Besides that, a foreign country student who studying in Beijing was experienced the craze of Olympic Summer by the improvements in infrastructures and commercial services during the Olympic Opening Ceremony. In addition, the number of hotels in Beijing has also increasing in the recent years. That is because since China was entered the WTO and won the Olympic bid, therefore the country was reduced the hotel ownership restrictions. Furthermore, the recruitment in Beijing Olympic sponsor s, partners, suppliers and others companies also wants to take the benefits of the Olympic buzz in Beijing in order to contribute in increasing of advertisement. (Business Today, 2013) The third fact was according to Sydney Olympic Games in 2000 were praised as the best Olympic Games because Sydney not only did achievements on improving the environment, improve urban construction, promote the development of transportation, real estate and tourism, but it also promote the host citys international reputation. Sydney brought a considerable sum of profits and motivated promote the follow-up industrial development of tourism, transportation and real estate. Especially, it brought the huge number of direct revenues about 2,605 million US dollars which is the most profitable in Olympic Games. Additionally, it stimulated about 500 thousands tourists. (Bitstream, 2013) Negative Impact of Olympic: The Olympics prestige not only goes along with economic benefits, it also does in downfalls and significant risks which should not be ignored. Therefore, hosting the Olympic Games is very important to the hosting country. To host the Olympic Games is a huge responsible for the country or city due to having a huge risk because the hosting country invested a large amount of money in the games but they do not know about how many visitors coming for the Games. Therefore, they are risking funds without having a backup plan if there is less visitors in the Games. The Olympic Games also will influence the population of the city about one or two months. The city will be crowded of traffic and interrupt the daily of the citizens due to many visitors. Besides that, when the country hosting the Olympic Games, everything must be near perfect such as the street must be clean and in good condition, the stadium must be neat, the hotels must have sufficient reservations for the visitors. This is all about money. However, the money from the visitors or tourists is not enough to support the wastage. Therefore, the country invests a large sum of money in order to keep the city or country clean and well present during the Olympic Games. If any problem occurs during the Olympic Games, the country has to waste money to fix it. Hosting Olympic Games brings disadvantages to the hosting country especially for poor countries because waste of resources with could for used for the welfare of citizens, corruptions, benefits to go to people in power and business but the poor suffer. Therefore, hosting Olympic Games are waste of resource and money. The money should used for more important things such as improving infrastructure, curing malaria and providing proper education for children and adults from poorer countries. A lots of money are spend on Olympic Games just to watch athletes participate in the Games, but the money can actually donate to the charities in order to helping people in the world. (Debate, 2013) Besides that, another negative impact is social impacts which are cumulative and a wide range of over space and time. Olympic Games may change the significant and the impact assessment become complicating due to the long lead times, dimension and natural of the event. The changes will affect the increasing in congestion, evictions, increasing in prices such as increasing in land rental value. The negative effect of Olympic Games comes from expenditures on transports infrastructure, facilities, housing, safety measures and maintenance in order to meet the requirements or demands of the International Olympic Committee and also to impress to the public. According in London, the total budget comes up to  £9.325 billion. This result estimates that the costs of Olympic Games are difficult tasks. This was result in the final budget was exceeded by  £5.906 billion of the projected budget from the bid in November 2004. Besides that, the expenditure of security had to double. At the same time, there has been twelve fold rises in the management fees by UK Parliament. Therefore, it has been claimed that spending is higher than expected which has been exceeded the positive impacts on economy of United Kingdom. (Merar, 2010-2013) Evidence was in Athens Olympic Games in 2004 was failed to motivate the economic growths due to lack of publicity or promotion and a large number of expenditures. According to Wang and Chen who said about the large amount of expenditure was about 12 million US dollars which is a big debt will be paid for about 10 years. The amount of expenditure was more than double of the budget. Besides that, the Olympic gymnasiums and facilities were not invested until 2000. Therefore the postponed construction led to large amount of costs and inefficiency. This result shows that Olympic Games indeed have a significant impact on the economic development of the host cities. (Bitstream, 2013) Besides that, evidence was showed that the United State government was investigated the BHP Billiton Ltd which is the world top mining company possible of corrupt practices and it was being one of the sponsorship of Beijing Olympics Games 2008. According to Fairfax reported that between 2000 until 2008, BHP Billiton Ltd spent millions of dollars on sponsorship deal of Olympic Games. Conclusion: As a conclusion, I would like to conclude that Olympic Games bring positive impacts and negative impacts to the hosting country that result show the Olympic Games are more than a sport because there are included in cultural, political and economic phenomena. Particularly interest to see Olympic as a tourism attraction, marketing opportunity, media event, the catalyst for urban renewal and development and also was the inspiration for youth and generating a force for peace and understanding of international as well. In fact, it can be said that there value-added, non mainly on sporting, roles which makes Olympic Games becomes unique at the international level and in order to continued survive probably depends on their continuing to play these roles. For example, according to Sir Roger Bannister (1988) who is the Olympic athlete first man to run a mile within four minutes and later became British Sport Minister was discussing about Olympic Games will moves towards the changes but still remain the greatest hopes of the world. Besides that, Olympic is in the deepest interests of the world of the future for them to be continuing. (Google Books) Furthermore, Olympic Games are much more than a show, the games are open to the world and the entire country has the opportunity to take part in numerous activities such as the marching of the flame throughout the country, cultural activities, educational projects and local volunteer services.

Advantages of Standardization

Standardization is the process by which a company makes it methods, especially its production processes, uniform throughout its organization. Standardization helps cut costs by eliminating duplicated effort and allows a company to take advantage of economies of scale when purchasing supplies. However, some advantages may be lost when a company decided to standardize its operations. Disadvantages Loss of Uniqueness If a company builds up a customer base that values its unique niche products, or if the company serves a specialized market, standardizing its processes may mean it loses some of its former customers. For example, if a restaurant builds its reputation on a varied and exotic menu, then changes to a standardized menu to provide a more predictable customer experience, its former customers may defect to competitors who provide more variety. Loss of Responsiveness. When a company expands into new markets, especially in foreign markets, standardization may work against the firm. While it may be cheaper for a restaurant to buy its trademark hamburgers in bulk, if it expands into a new market where people buy chicken much more often, its standardization measures may make it slower to respond to market conditions and end up costing money. Unsuited to Some Aspects of Business Standardization may be advantageous in some areas of business, such as production, but some aspects of a business should be tailored to the customers' needs. Customer service, advertising, distribution and product pricing must be driven by local market conditions to be successful. Stifles Creativity and Response Time Standardization has the potential to get a business into a rut. Standards, once implemented, soon become the status quo and may become entrenched in the corporate culture, making them hard to change when change is needed. However, market conditions often change, and companies that change quickly are best positioned to take advantage of them. Standardization may also stifle creativity, particularly in product design.

Not Always Right

Brooke is a stunning, red-haired, fair-skinned, girl with dazzling blue-green eyes. On her skinny figure she wore light distressed Jeans and a long-sleeve grey sweater? she rocked It. I had never talked to her In my life and I had never heard anything bad about her; I Just made assumptions of my own. Before asking her anything, I told her that she could tell me anything and that it would be safe with me and I meant it. She has good grades, likes photography, and says that she doesn't typically have issues with her friends.Then, I asked her if she was self-conscious and she said yes; she also said yes when I asked her if she considered herself to be depressed. She told me that she had family issues and that her and her parents do not get along?to this I relate In so many ways. We talked about family problems for the entire first half of our conversation. When this topic came to an end I asked a question that I'm sure she saw coming. I asked her is she cut and she said, â€Å"l used t o but things have gotten better for me. She started cutting in 7th grade because of self-hatred, depression, ND family issues. I wasn't surprised because too many freshman girls do this as well, including me. The main things I learned about her were that I was wrong and that we have a lot In common. To be honest, I learned more from this experience about myself than I learned about Brooke. When I asked Brooke to speak with me, I had an Idea that the assumptions about her in my head were no doubt, correct. Because I had judged her so roughly, I did not think she would be able to change my mind?call me stubborn.Also, I came to realize that Brooke and I have a lot in common: the way we deal with problems, being self-conscious, and being required to adjust to family issues. This made me realize that I tend to Judge people who I share similarities with; I also found other relationships where I did or do this. I do this because I try so hard to be myself and be original, but being complet ely unique is hard to do in a world of 6,973,738,433 people. She is a gorgeous girl and I am insanely jealous of her; I know for a fact that I edge people am jealous of.When we were talking, I found my original idea of her completely deteriorating. The more I think about my colonization with Brooke, the more I realize that I am wrong. Now, I realize that I enjoy talking to her. I hope we keep talking and maybe even one day become friends. I hope that eventually she will see me as someone she can talk to about her problems instead of cutting herself. When I spoke with her, I felt like I could be honest and be myself and I rarely feel this way with anybody.I'm surprised y my slight ability to open up more than I usually do during that conversation because I always hold everything in. For example, when she asked me if I cut, my good friends. I'm thankful for the change to begin getting to know Brooke, and I hope that we continue getting to know each other. I will not say that I am goin g to stop Judging people because Vie tried to do so before?it doesn't work, but from now on I will try my best to get to know a person to a fuller extent before Judging them. I'm glad I got this chance to figure out that I was wrong about Brooke.

Geography Timeline 13 Moments Changed U.S. Boundaries

The United States of America was founded in 1776 along the east coast of North America, wedged between British Canada and Spanish Mexico. The original country consisted of thirteen states and territory that extended west to the Mississippi River. Since 1776, a variety of treaties, purchases, wars, and Acts of Congress have extended the territory of the United States to what we know today. The U.S. Senate (the upper house of Congress) approves treaties between the United States and other countries. However, boundary changes of states that lie on international borders require the approval of the state legislature in that state. Boundary changes between states require the approval of each states legislature and the approval of Congress. The U.S. Supreme Court settles boundary disputes between states. The 18th Century Between 1782 and 1783, treaties with the United Kingdom establish the U.S. as an independent country and establish the boundary of the United States as being bound on the north by Canada, on the south by Spanish Florida, on the west by the Mississippi River, and on the east by the Atlantic Ocean. The 19th Century The 19th century was the most important period in the United States expansion, thanks in part to the widespread acceptance of the idea of  manifest destiny, that it was Americas special, god-given mission to expand westward.   This expansion started out with the hugely-consequential Louisiana Purchase in  1803,  which extended the western boundary of the United States to the Rocky Mountains, occupying the drainage area of the Mississippi River. The Louisiana Purchase doubled the territory of the United States. In  1818,  a convention with the United Kingdom expanded this new territory even further, establishing the northern boundary of the Louisiana Purchase at 49 degrees north. Just a year later, in  1819,  Florida was ceded to the United States and purchased from Spain. At the same time, the United States was expanding northward. In 1820, Maine became a state, carved out of the state of Massachusetts. The northern boundary of Maine was disputed between the U.S. and Canada so the King of the Netherlands was brought in as an arbiter and he settled the dispute in 1829. However, Maine refused the deal and since Congress requires the approval of a state legislature for boundary changes, the Senate could not approve a treaty over the border. Ultimately, in 1842 a treaty established the Maine-Canada border of today although it provided Maine with less territory than the Kings plan would have. The independent Republic of Texas was annexed to the United States in 1845. The territory of Texas extended north to 42 degrees north (into modern Wyoming) due to a secret treaty between Mexico and Texas. In  1846,  Oregon Territory was ceded to the U.S. from Britain following an 1818 joint claim on the territory, which resulted in the phrase Fifty-Four Forty or Fight!.  The Treaty of Oregon established  the boundary at 49 degrees north. Following the Mexican War between the U.S. and Mexico, the countries signed the  1848  Treaty of Guadalupe, resulting in the purchase of Arizona, California, Nevada, New Mexico, Texas, Utah, and western Colorado. With the Gadsden Purchase of 1853, the land acquisition that resulted in the area of the 48 contiguous states today was completed. Southern Arizona and southern New Mexico were purchased for $10 million and named for the U.S. minister to Mexico, James Gadsden. When Virginia decided to secede from the Union at the start of the Civil War (1861-1865), the western counties of Virginia voted against the secession and decided to form their own state. West Virginia was established with help from Congress, who approved of the new state on December 31, 1862 and West Virginia was admitted to the Union on June 19, 1863. West Virginia was originally going to be called Kanawha. In 1867, Alaska was purchased from Russia for $7.2 million in gold. Some thought the idea was ridiculous and the purchase became known as Sewards Folly, after Secretary of State William Henry Seward. The boundary between Russia and Canada was established by treaty in 1825. In  1898,  Ã‚  Hawaii was annexed into the United States. The 20th Century In 1925, a  final treaty with the United Kingdom clarified the boundary through the Lake of the Woods (Minnesota), resulting in the transfer of a few acres between the two countries.