Hopes of Banking, Hotel, Food and Other Areas at the Olympic Games in London - Term Paper Example

From the Olympic organizing committee Gurgaon-Based, Luca Wines is set to toast the London Olympics. This is a good platform for advertisement of the firm considering their products will be supplied in restaurants and hotels. Besides, a public limited firm that will benefit from the London Olympics is British Airways, which is in the aviation transport industry. Many of the athletes are likely to use reputable airline services to and fro the country. Going by the state of the economy and the companies that fall in every category, GlaxoSmithKline plc is one of the firms that are set to be affected directly by the London, 2012 Olympics.

The firm falls in the manufacturing sector under the pharmaceutical industry. The company produces a variety of products for common ailments such as virus control, infections, mental health, digestive condition, and asthma. Notably, in the primary sector firms in the agricultural and fishing industry sector will have a lot to benefit due to their sensitivity in terms of food production and supply. The tertiary sector has various firms that will be affected by the London 2012 Olympics. In fact, the banking and other service sectors such as hotel management and hospitality sector.

For example, Barclay's bank has a lot to benefit from the London Olympics. Considering the fact that many potential visitors have access to the bank services in their countries of origin and that the bank is internationally recognized, there is a likelihood that many transactions are set to be dispensed through the bank.

A cooperative type of business is special in such a way that it is spontaneous and voluntarily formed for equal, cultural, and economic benefit. They also include non-profit organizations, which may use it to offer services to consumers. The cooperative businesses will be directly affected by the games. For example, the Banna Housing Cooperative is one of the businesses that will be affected by the games during the Olympics. In addition, other cooperatives in the financial sector and housing sector are set to be affected directly or indirectly by the games.

Other Organizations

Furthermore, it can be noted that the Olympics will affect other governmental organizations and non-governmental organizations either directly or indirectly. For instance, the environmental agency that is concerned with the protection of the environment will be indirectly affected through their duty to ensure a healthy and fresh environment for the participants. Therefore, there are potentials of possible pollution and the accompanying litigations that might occur consequentially. What’s more, some non-governmental organizations are also set to be affected. For instance, UNICEF, which is a non-governmental organization that cares for the rights of children. Various sponsors in relation to cooperating business firms will be involved in the support of the games.

Purposes of organizations

From the above discussion, it is clear that organizations such as Banna Housing Cooperative have a mission to grow and expand into a bigger firm based on the high demand for housing. The influx of visitors into the famous city calls for the provision of shelter. Therefore, the housing sector has the main goal to provide room for everyone with comfort. In the provision of good quality homes, Banna Housing has intentions to build its reputation to the highest level to better the lives of members. On the other hand, the banking sector has various banks which be competing for the high number of customers that will be flocking into the country for the games. In particular, Barclay's bank has a mission statement to a creative, customer orient group that offers the best products and services, ensuring solid careers for the people and contributing constructively to society. In this respect, the bank aims to offer the best products and services to the clients during the games and job opportunities for the UK residents.

For the corporate firms discussed in the above paragraph, Barclay's bank is more concerned with serving the clients effectively and making all the participants happy. Correspondingly, growth in profits might eventually be realized. The bank works effetely to ensure the clients are satisfactorily served to their expectations. On the other hand, the Banna Housing cooperative has the main concern for growth. The firm intends to uplift the lives of the members through expansion processes. Growth and expansion come hand in hand with realizing considerable profits and massing quality residential homes to add up to their assets. Upon achieving corporate growth, the members of the cooperative will have an opportunity to grow economically and socially.