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 ...
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I will be individually responsible for the auditing tasks and I can certify you that the service you would obtain from us would be of highest quality. We have agreed that we shall accumulate, as your representatives, the financial records on the basis of accounting information upheld by yourself and you will make complete disclosure of pertinent financial data to us.
The article ‘Globalisation shakes the world’ shall provide a foundation for this paper. A brief discussion on globalisation shall be established, followed by a discussion on the benefits of globalisation. A contrasting discussion on the disadvantages of globalisation shall be considered, and finally, an overall discussion will be made to answer the issue raised.
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It can be said that the only real responsibility a company has is to the shareholders is profit, therefore profit is the only motivation for a company. However, that assumption can no longer be taken as granted. Government pressure, regulatory
ership has given rise to the trait approach of analyzing leadership which believes that leaders are different from the followers as they possess certain traits which make them different and commanding.
The trait theory focuses on the personality of the leader as the traits of
This is because most other entities were using cheaper and less healthy or ethical products.
Ethics are “the principles, norms and standards of conduct governing an individual or group” (Trevino and Nelson, 2010: p17). Thus, it can be
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