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Economic Analysis
Economic Impact on the London 2012 Olympic Games

2011 Economic Impact on the London 2012 Olympic Games

2011

Table of Contents 1. Executive Summary…………………………………………………3 2. Introduction …………………………………………………………4 3. Analyze the economic environment of London 2012 Olympic Games-PESTLE Analyze………………………………..5 4.1 Political Factors………………………………………………...5 4.2 Economic Factors………………………………………………6 4.3 Social Factors…………………………………………………...7 4.4 Technological Factors………………………………………….7 4.5 Legal Factors …………………………………………………..8 4.6 Environmental Factors………………………………………...8 4. Analyze the economic impact on London 2012Olympic Games….9 5.7 Globalization……………………………………………………9 5.8 GDP…………………………………………………………….10 5.9 Demand and Supply…………………………………………..11 5. Co-opetition…………………………………………………………12 6.10 The Definition of Co-opetition………………………………...12 6.11 Compare between competition and cooperation……………..13
5.2.1Game theory and Competition…………………………....13
5.2.2 Cooperation……………………………………………..…14 6.12 Co-opetition relationship …………………………………….15 6. Conclusion …………………………………………………….……16 1. Executive Summary
The main objectives of this assignment were to evaluate the impact of the economic environment on London 2012 Olympic Games and analyze the possible application of the concepts and the theory of co-opetition on the London 2012 Olympic Games. The assignment was completed through the collection of secondary data, academic books and journal articles. Through the method of PESTLE analysis, the recent economic environment on London 2012 Olympic Games can be analyzed. In addition, some economic concepts used in analyzing the economic impact on London 2012 Olympic Games can show out the detailed benefits that come from the Olympic Games. And the analyze of co-opetition gave the clear orientation in achieving the objectives in



References: 1. Alexandre, M. & ASSER International Sports Law Centre. (2009). the Law of the Olympic Games. The Hague: T. M. C. Asser Press. 2. Allen, G. (1984). The Games Must Go On: Avery Brundage and the Olympic Movement. New York: Columbia University, Press. 3. Athens. (2004). Olympic Games: a Metaphor for Globalization. [Electronic version]. Retrieved December 8, 2011, from web site: http://www.visionforum.it/filedascaricare/filehtml/filehtml_olimpiadi/art_VisionEN.pdf 4 5. Bob, P. (2007). The 1949 Olympic Games: How London Rescued the Games. Cheltenham: SportsBooks. 8. Dick, C. D. & Wang, Q. (2010). The Economic Impact of the Olympic Games: Evidence from Stock Markets. Applied Economics Letters, 861-864. 11. Holger, P. (2004). The Economics of Staging the Olympic: a Comparison of the Games, 1972-2008. UK: E. Elgar. 12. Jobber, D. & Fahy, J. (2009). Foundations of Marketing (3rd ed.). UK: McGraw-Hill Companies, Inc. 13. Kasimati, E. (2003). Economic Aspects and the Summer Olympics: a Review of Related Research. International Journal of Tourism Research, 5, 433-444. 14. Mcafee, R. P. (1998). Game Theory and Competition. [Electronic version]. Retrieved December 7, 2011, from web site: http://www.market-design.com/files/mcafee-mcmillan-game-theory-and-competition.pdf 15 16. Thomas, M. (1976). Economic Impacts of Land Development:employment, housing, and property values. Washington, D. C. : Urban Institute. 17. Thwaites, A. T. & Oakey, R. P. (1985). The Regional Economic Impact of Technological Change. London: Pinter. 18. Turocy, T. L. (2001). Game Theory. [Electronic version]. Retrieved December 7, 2011. From web site: http://www.cdam.lse.ac.uk/Reports/Files/cdam-2001-09.pdf 19 20. Zineldin, M. (2004). Co-opetition: the Organisation of the Future. Marketing Intelligence & Planning, 22(7), 780-789.

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