State of Business Magazine, Spring 2008
  vol. XX no. 1
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Spring 2008 Contents
Dean's Letter
Russian Revival
Going Virtual
Beijing Image
From East To West
On Top, Down Under
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Departments
The Pulse
In the News
Faces
First Person
Rajeev Reports
As I See It
State of Business Information

From West to East

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Advice from Atlanta to Beijing on the importance of what comes after the Olympic Games

When Gary Stokan, president of the Atlanta Sports Council, met with the committee organizing the Beijing games, the most impor tant thing he told them was, “Not only do you have to concentrate on putting on the Games, but at the same time, you have to plan for the future.”

In putting on the Olympics, it’s not enough to
get the bid, enlist participants from around the
world, recruit the sponsors, plan the events, and
mobilize thousands of volunteers. To really make
an impact, you have to develop a forward-thinking,
long-lasting strategy for the future.

That’s the advice Atlanta has passed on to Beijing.While the Centennial Olympic Games themselves brought $3 billion into the Atlanta economy, the city has continued to gain momentum these almost 12 years later. According to a formula developed by the Atlanta Sports Council and Georgia State University, sporting events (from the Olympics to the Super Bowl to the Final Four) alone have generated another $1.5 billion for Atlanta’s economy since the games.

Spurgeon Richardson, CEO of the Atlanta Convention and Visitors Bureau, agrees that “the Olympics not only put Atlanta on the map, but also it changed the face of the city.”

Lasting Legacies

Richardson points to Centennial Olympic Park as one of the lasting legacies of the Atlanta games. The World of Coke and the Georgia Aquarium are among the newest tourist attractions surrounding the park.

Development has spread beyond the immediate park to include new housing options such as the Metropolitan and the William Oliver buildings in downtown. “That might never have happened without the Olympics,” says Ken Bernhardt, Taylor E. Little, Jr. Professor of Marketing and assistant dean for Corporate Relations at Robinson College, who did the key research behind some of the Atlanta Olympics’ most successful products.

Among other studies, Bernhardt’s team looked at the pricing of license plates, which were unpopular at the 1984 Los Angeles games. Atlanta, however, priced their plates lower and sold more than 100,000 of them.

Likewise with the popular Paralympics mascot, Blaze. A character based on marketing research, Blaze dramatically outstripped the Olympics official mascot, Izzy, in sales. “Izzy is the poster child of what can go wrong” when decisions are made without marketing input, says Bernhardt.

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