(The Budget)Funding and sourcing of London Olympic Games 2012 current Essay

(The Budget)Funding and sourcing of London Olympic Games 2012 current challenges and issues - Essay Example The budget funding and the capital sourcing for the 1948 London Olympic Games was more straightforward than now, as everything was paid for directly by the British taxpayer.1 Besides at that stage less extensive sporting facilities were required as there were fewer sporting events and there were also participants and spectators than expected for the London Olympic Games of 2012. Put simply to be ready for the London Olympic Games of 2012 the British capital has to build new sporting facilities as well as updating its available accommodation, and travel infrastructure. In 2012 it would not be acceptable to house either athletes or spectators in old army barracks to keep costs down as happened in 1948.2 The organisers of the London Olympic Games of 2012 also have to think about extensive security measures as the 7 / 7 attacks demonstrated London’s vulnerability to terrorist attacks.3 Modern Olympic Games have actually needed a great deal of direct capital investment from both the private sector and also the private sector organisations and sectors in order to construct world class sporting facilities alongside suitable accommodation for athletes and spectators as well as effective travel infrastructures. Most of the modern Olympic Games have gone over budgets, even if the majority of construction work was done before the games started. The British government has also had a past record of building projects and various venues that have gone over budget and being late, for instance the Millennium Dome and the Scottish Parliament building.4 Recent Olympic Games such as those in Sydney 2000, Athens 2004, and the latest in Beijing 2008 all managed to boost great sporting facilities besides suitability impressive accommodation and travel infrastructures. These Olympic Games were all very expensive to host and required significant amounts of budget funding and sourcing to be staged effectively.

Operation Management Essay Example | Topics and Well Written Essays - 2250 words

Operation Management - Essay Example The utilization of capacity management ideology in running a restaurant enables managers to make accurate decisions regarding staffing and procedures to enhance profit gaining and improve the guest experience in the restaurant or hotel. The paper aims to espouse on the overall concept of operation management and describes the operational management activities utilized to realize success, in terms of capacity management in hospitality in this particular hotel. The paper extensively tackles the general aspect of the operation management in conjunction with the tactics and application requirements needed in the establishment of an affiliation on the grounds of adept hospitality and capacity management. Operation Management Operation Management is a tremendously important facet in the business world today (Greasley 2008). All organizations in the world, regardless of their types produce an assortment of products and services. All corporations depend on operation management, as it is an i mportant asset in improving the efficacy of the affiliation and delivery of quality customer service. An influential business skill determines business changes like in customer preferences, internet technology-based supply networks and details of work. In order for all the other branches of a company to work hand in hand, operation managers should unite and toil together. A more accurate definition of operation management perhaps is that, it is part of businesses and companies, which deals with organizing and controlling the company’s assets to guarantee victorious delivery of the products and services. ... In this case study, we look into the strategies and tactics used to manage capacity in a hospitality operation of Hotel du Vin Birmingham UK. The main purpose of operations management is to alter the inputs of a corporation into the services or products that are saleable. Inputs are such things as employees or workforce of the company, the amenities and practices, including the information, technology and materials. At a manufacturing plant, the conversion process is the process of physically converting unprocessed materials into ready to use merchandise, for instance, changing skin and rubber into sneakers, or plastic into toys. With airlines, the procedure is utterly different. It is, in this case, the successful relocation of people from a certain position to another. At a hotel, it is the housekeeping and offering of specialized service in rooms, with new linen, excellent cuisine and the output is happy customers who then pay up (Bettley, Mayle and Tantoush 2005). At a hospital, the efforts and outputs are also different. The input could be doctors getting organized, medical attention, and offering of drugs to convert the patients into strong individuals. Hotels select a dissimilar approach in their pursuit for affluence. They use a control tool known as, yield management (Karlsson 2008). Organizations majorly employ this technique to effectively exploit the utilization of the accessible capacity and seek monetary affluence. Yield management is not a new conception. Other corporations like airlines employed this notion before its implementation by hotels (Wild 2002). Most hotels carry out different forms of yield management, for instance, they could