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Olympic Games Risk Exposures

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Submitted By uniquezhang0518
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As we all know, Olympic Games can bring great benefits to the host country. It can bring a great number of tourists to the country, which brings good chances to show the culture of the country to the world and get more economic benefits. It also can faster the speed of the development of the country. On the other hand, the Olympic Games bring many risks to the host as well. For London, the first and the greatest risk it facing is its weather. When we talk about London, we would mention its weather inevitably. The weather of London is so changeable that even the experts cannot forecast the weather accurately. According to statistic, in July and August, there is only 6.4 hours’ sunshine on average in London. That is to say, it has a great possibility to be rainy during the competitions, which will bring bad influence to both audience and athletes. Another risk is from the terrorists. Alan West, Minister of British security, said that the safety challenge London facing is the greatest since the World War II. During the Olympic, there were 15000 athletes, 14000 coaches and 20000 reporters coming to London, which largely increased the risk of terrorist attack. What’s more, in July 2005——the second day after London was chosen to be the host city of 2012 Olympic Games , there was a suicide booming happening in London, which caused the death of 52 passengers. So London should pay more attention on the security during the Games. Besides these risks, there are still many other risks London faced with, such as management risk which includes financial risk, business operational risk, responsibility risk, etc. London should be sure that what they supply to the citizens and tourists have good quality and the sponsors of the Games won’t break their contract. So many risk London is faced with that the whole city spends much time and money on preparation. Risk is hidden in everywhere, what we can do is just paying more attention on every detail.

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