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Issue in Contemporary Management - Essay Example

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Olympics is a prestigious event and the opportunity and ability to conduct such a world-class event will definitely improve the status of London city. So public is lavishly extending…
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Issue in Contemporary Management
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Issue in Contemporary Management

Download file to see previous pages... It is difficult for a small organization to effectively manage, control and coordinate between different diverse organizations. Moreover, statutory power given to LOCOG regarding ownership, compensation, and regulation is temporary. In other words, LOCOG has to give up all the infrastructure facilities developed for the London Olympics after the Olympics which will definitely reduce their revenues after the London Olympics.
Infrastructure development opportunities are immense as part of conducting London Olympics. Development of infrastructure to world-class level will change the face of London city. LOCOG will receive a share from international Olympics committee’s broadcasting revenue and also from their own marketing efforts. This revenue can be utilized for the economic development and regeneration. Increased employment opportunity is another advantage of conducting Olympics in London. The public will also get an opportunity to know more about different culture which will help to grow the English culture.
It is impossible to conduct Olympics without causing some inconvenience to the public. Some of the local businesses needed to be displaced to develop infrastructure for the London Olympics. This displaced business groups may engage in legal battle with LOCOG. Infrastructure development to world class standards is a major challenge. Ensuring value for money and economic benefits to the cost bearing public is another threat to the LOCOG. The public is lavishly extending their support to the Olympics considering a huge return in terms of economic development and infrastructure development. Failure to fulfil the expectations of the public may create problems for LOCOG in future. Stage management and coordination of events are also not an easy task for LOCOG considering its small structure. Propaganda spreading through media is another threat for this event. Many people are spreading the ...Download file to see next pagesRead More
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