London Olympics: Judging by the Numbers
Cities bid year in and year out to host the global stage of sporting events – the Olympics. Many times, cities estimate costs around $5 billion, but most of the time overruns end up doubling that number. The city and the organizers in London are starting to feel the heat from the citizens in London – especially when much of the world is still mired in recession. Many MBA students end up working for state and government institutions and will have to cast their vote on whether or not the olympics should be hosted in their city or state. Looking at the London Olympics and past Olympics will be a great study tool in understanding how events like the Olympics can be a cost burden rather than an investment for any business. It’s understood the Olympics isn’t just about money – it’s about gathering people from all corners of the earth and uniting them through friendly competition. But to the city hosting the Olympics, it’s much more than that. To the hosting cities, it is also a business decision that will impact their region and local businesses for years to come. This infographic will show you a historic account of the Olympics as well as what it takes for one city to host them.
