Expected Economic Profits free essay sample

And finally, 2018 winter Olympic is planned to be located in small region of Korea, Pyeongchang. 2018 winter Olympic Games will be the 4th international sports event of Korea. Korea has opened Seoul summer Olympic Games in 1988, Korea and Japan World cup in 2002, and Pusan Asian Game in 2002. As can be seen from the data which is comparison of major economic indicators: Korea and Japan and performed by Bank of Korea (Kim, Rhee, Yu, Koo, amp; Hong, 1989, pp. 59), after a year from Seoul Olympic Games, Korea’s GNP growth rate was 8. 5%. Also, in the 1988, the year of Seoul Olympic, the increasing rate of GNP was 12. %. These percentages indicate that opening Olympic Games could make huge development of nation economic. Not only GNP but also many other economic indexes such as current account and wholesale price showed big increasing rates. As the data indicates that Korea’s current account shows growth rates which are 98. We will write a custom essay sample on Expected Economic Profits or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 5% in 1987, 14. 2% in 1988 and 9. 5% in 1999. Also, whole sale price of Korea had increased as 2. 7% in 1988 and 2. 8% in 1999. These indicators clearly show that there were some definite economic developments in Seoul Olympic and after the Seoul Olympic. It also provides evident of holding Olympic Games can make economic impact to host country. In other words, holding Pyoungchang winters Olympic in 2018 can make a lot of economical profits and efforts should be offered to maximize those profits. Before Pyeongcang Olympic in 2018, there were Torino winter Olympic in 2006 and Vancouver winter Olympic in 2010. These two countries, Italy and Canada, could get lots of economic benefit from Winter Olympic Games. And they also keep trying to improve and sustain their economic profit from Olympic. By looking threw these two countries’ real cases, Pyeongchang can learn many things about how to make profit in Olympic and how to maximize those profits. As Frey indicated that hosting Olympic could be good chances to develop many things in hosting country. And also those chances should be sustainable. Not only limited in Olympic season, but also impacts on after Olympic (2008, pp. 4). As can be shown in Bondonio and Campaniello’s paper, many countries who hosted winter Olympic did not always make profit (2006, pp. 7). The table, which is OCOG Financial Balance Sheets, OWG 1980-2006 in Bondonio and Campaniello’s paper, provides evidence that Torino also could not make profit from winter Olympic. Torino made 1,300 million US dollars of revenue, but they also made 1,333 million dollars of cost. So finally they made 33 million dollars of loss. In addition, only three countries made profits from winter Olympic during 1980-2006 which are Sarajevo in 1984, Calgary in 1988, and Nagano in 1998. As can be seen from this data, winter Olympic hosting countries do not always earn profit from Olympic. So Korea should make plan for making profit from Winter Olympic. Korea should put effort to Pyeongchang that can make huge benefits from winter Olympic. Especially for domestic profit, Pyeongchang can get profits from transportation industry, accommodation industry, and traditional food industry. In other words, the Olympic hosting region can earn lots of local profits. First, the transportation industry, economic benefits are expected in infrastructure of road transportation, parking system and air transport system. As Pyeong Chang 2014 committee shows that Pyeongchang planned to build two more transport infrastructure. One is national railroad which connects among Wonju, Pyeongchnag and Gangneung (2006, pp. 83, Vol. 3). And the other one in local road at Olympic stadium in PC cluster. It is seemed that the mobility between Olympic stadiums can be the key point of local transportation profit. Parking system also gets some profits. In Olympic season, it is certain that a lot of cars, such as visitor’s, athletes’ and journalists’, will enter the parking lot of stadium every day in Olympic season. However, Pyeongchang can be able to get profits from not only parking fee, but also making good image. In other words, well parking system can make good images of Pyeongchang as the well-ordered and convenient city. It also can make potential benefit which means that people who satisfy to Pyeongchang can visit again and boost local economy. Second, accommodation industry also can make profits. As Pyeong Chang 2014 committee explains that 17 numbers of hotels exist and are planned to build and 3,054 numbers of hotel rooms exist and are planned to build. In addition, 24 numbers of other accommodations, such as Condo and Universtel, exist and are going to be built. In other words, 23,253 numbers of other accommodations’ rooms are ready for Pyeongchang Olympic. So totally, 26,307 rooms will be offered to Pyeongchang Olympic visitors (2006, pp. 63, Vol. 3). This number is far enormous number of rooms. So, expected benefit from accommodation industry also seems to be enormous. To maximize profit from this industry, Pyeongchang should be ready for offering high quality accommodation system and should satisfy visitors. So as to satisfying visitors, Pyeongchang can get potential visitors who will visit Pyeongchang again. Last, Korean tradition food industry can get some benefits from Olympic. As anyone already knows, Olympic is global festival. In Olympic season, enormous people from all around the world will come to hosting country. So, it can be good opportunity to introduce Korean traditional food to foreigner. There are many kinds of food in Korea which are not yet introduced well to foreigner but can be popular to foreigner. Many people, who visit a country, try to have some local food. Then, many people who visit Pyeongchang also try to eat Korea’s local food. In other words, it is going to be good chance for advertising Korean traditional foods. So Korea should make proper traditional foods for foreigners, such as Bibimbob and Bulgogi and promote those foods to introduce to global people. Then, Korea can get not only benefit from foreigner’s expenditure to Korean food, but also advertising effects of Korean food. Pyeongchang is expected to get a lot of international profit. For instance, Korea, especially Pyeongchang, can get advertising profits during Olympic period, and Korea also can be the intermediate area of Asia trade market. Lastly, Korea can get huge profit in tourism industry. These three aspects also require a lot of efforts for maximizing each profit. First, Korea could get advertising benefits from Pyeongchang Olympic. In other words, Pyeongchang can get profit from advertising fee. As Pyeong Chang 2014 committee indicates that there will be more than 61 outdoor advertisings such as in downtown, expressway, and national road. Also there will be public transportation advertising for example, bus, train and taxi and airspace advertising. The data presents that only 3 numbers of outdoor advertising is operated by public and every advertising methods are operated by private (2006, pp. 119-135, Vol. 1). This data clearly shows that Pyeongchang can get advertising fee from private who wants use outdoor, transportation and airspace advertising. As there are many number of advertising equipment, so Pyeongchang could get much profit. Second, Korea can get profit by being the hub among Asian trade markets. By hosting Pyeongchang winter Olympic Games, Korea will be able to become wide-open gateway to other Asian markets (Pyeong Chang 2014 committee, 2006, p. 119-135, Vol. 1). Moreover, as is evident from Evans’ word, Korea can be the gate-way between America, Europe, and Asia (2008, pp. 93-98). Therefore many countries, such as Canada, try to make free trade agreement to get higher profit. Korea is located in center of Asia. Also, Korea can connect Asia Pacific Ocean and continent of China, so that Korea is peninsular. In other words, Korea is far appropriate place to connect Asia and Western nations. Moreover, this role of gateway can earn a lot of intermediary profit. So, Korea should try to take this role. Advertising the effectiveness of Korea, as a trade hub for Asia, can be good example of effort. Also, intensive advertising in Olympic season can be good way because the world wide views are focused on hosting country in Olympic period. Thirdly, tourism industry also expected to get much profit by winter Olympic. Mike suggested that 2006 Torino winter Olympic Games make impact and benefits for tourism. Before the Games, Italy’s market interest rate peaked and created ‘new cathedrals’. In Games period, customer satisfaction for Italy tourism services increased and the number of tourists also increased. Moreover, after Olympic Games, Torino got increase in business tourism and their long-term image also raised (2008, pp. 131). Moreover, Fuller and Clinch explained that for 2012 Washington-Baltimore Olympic games, it is expected that Washington-Baltimore area will make grand total 1,342,596 thousand of US dollars. Specifically, for pre-game period, there will be 366,517 thousand of US dollars and for Olympic year, there will be 976,079 thousand of US dollars (2000, pp. 14). For Pyeongchang Olympic, Korea plans to build ‘Olympic village’ in Pyeongchang and Gangneung (Pyeong Chang 2014 committee, 2006, pp. 99-105, Vol. 2). Olympic villages mean that towns which hold stadium, accommodations, and many other convenient facilities. These villages are built for offering convenient services to athletes and visitors. This plan is seemed to good way for earning profit during Olympic season. Also, these villages can be used to resort and vacation facilities in post-Olympic period. To sum up, Pyeongchang Winter Olympic Games in 2018 will earn a lot of profits. Specifically, in many previous world sports events, not always cases earned profit. So to get some benefit from upcoming winter Olympic Games, Pyeongchang should pay attention to previous cases and creative plans. In domestic industries aspect, Pyeongchang will make profit from transportation industry, accommodation industry, and local traditional food industry. Moreover, in international aspects, Pyeongchang will get profit from advertising industry, trading industry, and tourism industry. In transportation industry Pyeongchang can get profit by making some new and convenient transport infrastructure. Also in accommodation industry, hosting region can get revenue from accommodation fee. Last of domestic industry Pyeongchang will make benefit in local food industry by introducing new traditional food to foreign visitors. For advertising industry, Pyeongchang can get money from advertising fee. In trade market of Asia, Korea can be the gate way so that could earn much profit. Lastly, Pyeongchang will make profits in tourism industry by some plans such as making Olympic villages. In conclusion, hosting Winter Olympic games in Pyeongchang will make huge profits in variety industries, but for those profits, Korea should be ready to put huge effort to increase those benefits. Bibliography Bondonio, P. amp; Campaniello, N. (2006) Torino 2006: What Kind of Olympic Winter Games Were They?

A Career in Computer Programming essays

A Career in Computer Programming essays My career of choice will be a Computer Programmer because I like computers, and I am logical. I will be working hard toward my goal and achieve my degree in that field. I worked with PowerPoint, Office 2000, and Excel, which are all Microsoft Products. I have done Structured Programming. Hopefully, within a year and a half, I will receive my Associates in Science and work. I intend to become financially independent. Eventually, with night classes, I will further my education with a Bachelors of Science, of the same field, of course. I feel that this is my fate. The responsibilities of a computer programmer are fixing computer errors so that the computer can run smoothly. Computer programmers do duties under such companies like Motorola, Pratt Whitney, IBM, Apple, businesses that depend on computers, governments, Palm Beach County services and other counties, Federal jobs, City positions of West Palm Beach, Boynton Beach, Miami, Tampa, Orlando, New York, Los Angeles, Washington DC, Toronto, London, Bombay, Silicon Valley, Paris, and many, many more positions. One of the ways of fixing errors is decoding programming languages that are composed in the problem program and fix them so that it can be running. A computer runs on programming "languages" by electrical impulses through a series of 1s and 0s switches. The languages interpret the impulses through logical typewritten statements, to the programs so that they could run on user-friendly mode. Microsoft Office is a program; Solitaire is a program, Real Player (music player) is also a prog ram. Sometimes programs go wrong because a switch might have been off course, causing the programming language to make errors or "bugs." That is where the programmer will fix that language. There are many programming languages such as HTML, Logo, Basic, QuickBasic, QBasic, Visual Basic Scripting, JAVA, JavaScript, C, C++, A+, Inet, Cisqo, Pascal, Linux, Xhtml, dynamic html, oracle, pearl, flash, ph...