The games provide endless opportunities for companies to improve sales, showcasing and community outreach programmes. Support from the business community and other benefactors helps the athletes and the teams promote the games. Sponsorship not only provides essential financial support to the Olympic movement but also support services such as products, technical support and staff development. Furthermore, through the promotional activities of the sponsors, public awareness and support for the Olympic Movement is increased. In 1985, the IOC (International Olympic Committee) created The Olympic Partner (TOP) Programme to diversify the revenue base for the games
Some athletes sponsor charity events and lend their fame to fundraisers, while others spend their money partying and living a very lavish lifestyle. Despite a common belief that athletes are grossly overpaid, the fans continue to crave entertainment and thus provide them with the money. Athletes are overpaid. Athletes as a whole don’t offer society anything that helps improve society. Unlike doctors, policemen, firefighters, teachers and other occupations that are necessary for order and safety on a daily basis.
As the largest sporting event in the world, the World Cup embodies the best attributes that lead people to love the sports they watch and play. Sports stimulate national economies, lead people to experience other cultures through international competitions, and promote world peace by bringing nations together in friendly competition. Even though some people disagree with these points by assuming sports are a waste of money, put athletes at risk due to injuries and while playing in other nations, and causing disagreement between countries. Evidence will be provided to show that sports have a positive impact on society. Sports stimulate national economies when there is an event hosted within the country.
From this point of view one can see that athletes are significant because they provide role models, contribute to our business world, bring countries or groups of people together, and they provide sources of inspriration. Their prominence, which is enhanced by the media, can cause them to have a greater effect in these types of roles. Athletes are a big part of the business community. The media exposure athletes receives cause them to be perceived more as celebrities. It causes them to have a greater impact in the marketing and selling of products.
Some cities will go to great lengths to have the privilege of hosting the world’s biggest sports event. I believe that the Olympic Movement has brought peace worldwide amongst the competing athletes. The athletes have shown determination in competitiveness while still demonstrating cooperation and respect between the athletes from different countries. This seems to have brought an international friendship during the Olympic Games. I believe this is due to regardless of your background; race or language, there is still a common ground when it comes to a sport you love.
It is the strategic alliances of organizations to strengthen its economic power to keep international markets, to maximize profits, or to achieve its expansion around the world. Its purpose is for companies to become Multinational companies or now known as transnational corporations. On the other hand, organizations are trying to increase the popularity of their league and product world-wide. But, how would they do it? Some of the techniques are "broadcasting, licensing and merchandisi... ... middle of paper ... ...allow the people from different countries to share their culture and unite through different sports.
Besides the obvious surplus in revenue, Olympics could also increase the average happiness in the host country. Due to the Olympics, infrastructure will be perfectly completed and lots of unparalleled sports venues will be available for the local community, inspired everyone to get involved in sports while fostering the spirit of athleticism for the whole country. In conclusion, even though running Olympics may have certain economic risks, it will usually give a huge boost to the country’s economy both in short-term increasing revenue and long-term growth in international trade and tourism, as long as the government is conscious enough to deal with the Olympic inflation. So why not Toronto bid for the next Olympics!
Huge amounts of money are used to build venues and make medals, only leading up to the countries who host the Games going into debt afterwards. There are only rare cases in which the countries earn money from hosting the Olympics, but most of the time the debt that they get themselves into take years, or even decades to pay off. You might ask yourself, why do we even host the Olympics, if it has these huge disadvantages? The answer is because we want pride for our countries, no matter how temporary it is. Knowing this, we can safely say, that the Olympic Games do not help us grow as a species.
I am not just talking about the superstars in professional sports, but also about the players who never get to play and just sit on the bench. They still get hundred of thousands a dollars a year. I know to make it to the professional ranks in any sport is very difficult and these athletes train all of the time, but so do other professions. In other professions it might not be as physically demanding as sports, but they still have to train and stay on top of their game. I really find it hard to believe that in our society, we value entertainment more than almost anything else.
In a single second, he made 281,000 dollars ("Professional AthletesÉ"). Do these athletes really deserve all that money? "Professional athletes are making too much money in a society where salaries and wages are traditionally based on the value of ones work" ("Professional AthletesÉ"). In today's society, one will be paid more if their job is more economically important. However, teaching is one of the most economically important occupations because our future economy relies on the education of its youth, yet teachers are paid much less than the average professional athlete.