The Olympics Needs A New Business Model

The 2016 Summer season Olympic Games are opening in Rio de Janeiro amid environmental and well being considerations starting from the Zika virus to polluted competition waters. Brazil, which hosted the World Cup in 2014, is suffering from a deep recession and a political disaster. Whereas the Worldwide Olympic Committee touts host cities’ economic legacy , the immense operational challenge of running a mega occasion creates intense logistical, safety, and monetary pressures For concepts on find out how to enhance future Olympics, I spoke with Chris Dempsey, a founding member of the group that defeated Boston’s bid for the 2024 Summer season Games The former Bain & Company guide argues that recurring cost overruns and mothballed venues spotlight the necessity for the Olympics to vary its business mannequin.

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