Unit 4 Assignment

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DECSION ANALYSIS (MBA 600 Unit 4 Assignment)
Nwabuoku, Isioma Chibuzor
Patten University

INTRODUCTION:
The Olympic Games was initially religious festival in ancient Greece, but the concept of the games was re-ignited and reformed in 1896 into what is now the modern Olympic movement and transformed from being a religious festival into a sporting event. According to the International Olympics Committee website (2016), the Olympic Movement is the concerted, organized, universal and permanent action, carried out under the supreme authority of the IOC. Sam Bayliss et al. (2004) in the Political Social and Economic Aspects of the Olympic Games submitted that through the years, the Olympic Games has evolved from one man’s dream into a multi-million dollar global spectacle. …show more content…
Most cities typically spend between $50 million to $100 million in fees for consultants, event organizers and travel related to hosting duties. Zimbalist (2015) in his paper “The Illusory Economic Gains from Hosting the Olympics World Cup”, stated that scholarly evidence suggests that hosting either the IOC’s Olympic Games or FIFA’s World Cup event is no economic bargain for the host city or country. According to the same report, in 2012 the city of London brought in around US$3.5 billion in revenues, but spent over US$18 billion – a negative balance of $14 billion plus. Such was also the fate of the city of Vancouver when it hosted the 2010 winter games. The cities of Munich, Montreal and Moscow and others did not fare any
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