To: Dr. Judson From: Jessica Feldman Date: March 3‚ 2013 Re: London 2012 Olympics Background In 2005‚ to the delight of millions of English citizens‚ London won the rights to the 2012 Summer Olympics. London had previously hosted the Olympic games in 1908 and 1948‚ while bidding on the 1992‚1996‚ and 100 games. In 2012 London had decided to stage the games in East London‚ a disadvantaged area that never fully recovered after being heavily bombed during World War II. Upon receiving this news
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| The London 2012 Olympic Games | The LOCOG’s Ticket Pricing Strategy | | | | Contents 1. Introduction 2 2. Setting the price 2 2.1. Selecting Pricing Objectives 2 2.2. Determining Demand 3 2.3. Estimating Cost 3 2.4. Analysis of competitor’s costs/prices/offers 3 2.5. Selecting a pricing method 4 2.6. Selecting a final price 5 3. Pricing and Distribution Strategy 5 4. Analysis 5 4.1. Limitations 5 4.2. SWOT 5 4.3 Marketing Mix 5 5. Summary/Conclusion 5
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does Williamson face as he thinks about his ticket prices? Some of the main factors that need to be taken into consideration when pricing the tickets and the associated tradeoffs that come with each are: • Maximizing Revenues: Per estimate‚ ticket revenues ($650MM) account for 21.5% of LOCOG’s forecasted budget ($3B). Any drop in revenue generation either due to pricing or total number of tickets sold (Revenue = Price/ticket x Quantity) will add undue stress on the remaining three buckets namely broadcast
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Date: March 3‚ 2013 Re: London 2012 Olympic Games Background Paul Williamson and his team were responsible for developing the policies for pricing and distributing the tickets for the 2012 London Olympic Games. He along with team members Chris Townsend‚ the Commercial Director of the LOCOG and Joanna Manning-Cooper‚ Head of Public Relations and Media were actively engaged in the pricing strategy decision making. The tickets were set to go on sale starting in late 2010 which meant that Williamson
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Running head: DID THE LONDON OLYMPICS BENEFIT ALL? London 2012: Did the Olympics benefit all‚ or leave a legacy of widening social inequality? Word Count: 2194 London 2012: Did the Olympics benefit all‚ or leave a legacy of widening social inequality? The Olympic Games have become a much sort after event by cities around the world. It is seen as an opportunity for the city not only to enhance and broaden its profile‚ but showcase its potential as an attractive
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Competing on resources: Strategy in the 1990s. Harvard Business Review‚ 73 (4). (Custom Textbook (2012)‚ Managing Strategy in the Global Marketplace. Chapter 21.) * Porter‚ M.E. (1996). What is Strategy? Harvard Business Review‚ 74 (6). In HBR’s 10 Must Reads on Strategy. (Custom Textbook (2012)‚ Managing Strategy in the Global Marketplace. Chapter 21.) * Stegmann‚ J (2009) Critical Thinking in Strategic Management: A Conceptual Guide to AMBA 670 Managing Strategy in the Global Marketplace
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Solution 1) The core issues which Paul Williamson has to Solve are as follows :- A. PRICING DECISION MAKING The core problem which Paul Williamson is facing is how to decide the price of the ticket. The price should be fixed at that much cost that can be also purchased by the average Londoners or the public can afford. As correctly said it is “everybody’s games”. B. MANAGING ATTENDANCE The managing of attendance is a very big concern for Paul Williamson as most of times it has been
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EconomiIntroduction The Olympic Games is a major international event featuring summer and winter sports with the participation of thousands athletes. The Olympic Games have come to be regarded as the world’s foremost sports competition where more than 200 nations will participate into the games. The Games are currently held every two years‚ with alternating of Summer Olympic and Winter Olympic Games. As short‚ they occur every four years within their respective seasonal games. In this year‚ the 2012 Summer Olympic
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Sustainability and the London 2012 Olympic Games This report will explore the importance of sustainability in today’s sports and illuminate the significance of the interplay between sports - the 2012 London Olympics in particular - and the environment. In addition a summary of the sustainability plan put forward by the London Organising Committee of the Olympic and Paralympic Games (LOCOG) to the International Olympic Committee (IOC)‚ as part of their bid to host the recent Olympic Games. This will include
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required format of a written presentation; and prepare and present a research report‚ which aims to develop knowledge in a relevant events-related area. The event I picked that to assess and plan my research on was Economic regeneration and the London Olympics 2012: A pre-event analysis. Economic impacts will either have positive impacts or negative impacts when involving events as a major factor of this is the economic influence of an activity or industry to the local economy. The success of an event
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