HPED 3400 Lecture Notes - Lecture 9: Risk Management
8 Feb 2020
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Document Summary
Bidding process: athlete assistance program, provides olympic and paralympic athletes financial support to further pursue their sport. Political process: at the end of the day, the bidding process is a political process, moneys the biggest factor towards determined whether or not to host games. Greatest risks to the games: cost, security. 1988 olympics: games have grown in size, popularity, and support since 1988, the soviet union won the 1988 games in calgary. Demographics: 18-24 72% support (highest support, 25-55, 55+ (lowest support) Less diversity: viewed as a rich white man"s games. Larger scale: more diversity, has wider reach with cheaper sports which can inspire people from developing countries. Ioc controls bidding and hosting process: has changed significantly over the years, shortened bid phase, risk management and protecting your brand. Winter olympics and paralympics: under threat, costs . 6 bil, has to prove to be relevant and prudent, have to view it from a selfish municipal perspective.
