Why do love holding Olympics (to such extent that countries vie/bid just to be the next Olympics host. (Who will host after London? PHL)
For the first question:
Olympics and entrepreneurial business are exhibition of human spirit of our desire to overcome limits of endurance and performance. In business and in Olympics, humans, we strive to exceed limits of time and space. To strive to be no limit person. We are not be held down by inertia, of wind resistance, of past performance. Both thrive on psychological motivation and visioning.
Business and olympics re both challenge to human desire motivation to excel and to exceed ourselves.
Why is it a big business?
Since millions and probably billions want to watch Olympics in their lifetime it churns a lot of business: ads for exposure to the world, sports equipment and clothing (big business) photo equipment, gadgets, ; travel, hotels, tourism. Investments.
Why do countries vie/bid to host Olympics?
l. It unifies the host country to strive and showcase their abilities, construction and financing prowess, management skills;
2. Post Olympics economic business activities continue, Japan Korean prosperity rose and was sustained after they hosted the Olympics.
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