BUSINESS

Analytical Study of the Factors Contributing to the Future success of the Singapore Sports Hub.

Analytical Study of the Factors contributing to the Future success of the Singapore Sports Hub

Introduction

Sports industry is rapidly gaining recognition as a profitable venture for various countries. Many countries use sports as a medium to show their inherent cultural values and also look to change perceptions with the organizing of many prestigious sporting events. Any sport event requires a comprehensive analysis of all intricate factors and thus we have to look at all the minute details in organizing of sport events. We would look to analyze sports in the context of Singapore and look at the vast cultural values associated with it. In addition we would also look at the core factors associated with the successful growth of sports in a larger context. Since expansion is not a simple thing, a multitude of factors must be looked at closely (Popi & Veerle, 2008).

The sports industry has also been massively used as a strategic advantage by different countries. Many countries have utilized the concept of sports as a medium to gain a strategic edge towards countries. As a result, while planning for sporting events; strategic goals pertaining to sports get the top most priority. Countries looking to organize sporting events in other countries have to look at the distinct cultural values and thus have to adapt to the cultural values accordingly. In addition, there is a huge sum of finances involved which must be decided in a meticulous manner (Popi & Veerle, 2008).

The significance of sports industry is also paramount in comparison with other industries. We should not ignore or sacrifice any factor as a successful expansion towards Singapore requires attention towards a variety of factors. In addition, the target segment of Singapore has got distinct elements which will be addressed by us in a meticulous manner. We would look to incorporate all the detailed information gathered through research in order to successfully launch soccer in Singapore.

PESTEL and Comparison with Beijing's Olympic Stadiums

It is very essential for us to look at the macro environment of Singapore, as it has a degree of significance in the context of strategic implementation. PESTEL analysis pertains to studying the political, economical, social, technological, legal and environmental factors. Studying these factors go a long way in ascertaining the optimum value creation in terms of the strategy. These factors need to be studied in a profound manner since they have the potential to shape up our success or even lead to failure. Singapore is well renowned for organizing outdoor sports because of its warm climate. Thus a huge market for football exists because of the prevailing climate. It is known to have an average temperature of 31 C in the day time and a minimum temperature of 23 at night. In considering the intricacies associated with PESTEL analysis, we would look to cover the inconsistencies and significant hurdles that have significantly impacted the success of Beijing's Olympic ...