Issues about the Beijing Winter Olympics include:
1. Financial problems refer to the failure of customers, suppliers or sponsors who have reached an agreement with the organizing committee due to bankruptcy, breach of contract or non-performance. The agreement is canceled due to obligations and other reasons, the organizing committee’s income cannot be realized (including losses due to interest rate and exchange rate risks), and the cancellation of television broadcast and advertising income, etc.
2. The issue of operating losses of the organizing committee refers to the risk of the Olympic Committee organizing committee partially or completely canceling the entire event due to accidents or event interruptions. This risk is one of the main risks for the organizers of the Winter Olympics, because the purpose of the entire Winter Olympics operation is to ensure that the final event can proceed smoothly. Once the event is partially or completely canceled, it will have a chain reaction, leading to heavy losses.
3. Operational problems refer to the problems caused by natural disasters or accidents during the construction, installation, maintenance and use of various properties related to the Winter Olympics, such as buildings, machinery and equipment, computers and auxiliary equipment. losses caused by etc.
4. The issue of breach of contract refers to the obligations and responsibilities committed due to the requirements of law or agreement and the requirements of the International Olympic Committee. Generally, after the host city's bid is successful, the Olympic Organizing Committee will establish a commercial operating company, and the company will sign a hosting contract with the International Olympic Organizing Committee to clarify the obligations and responsibilities of the organizing committee. If the organizing committee fails to meet the commitments made in advance, the organizing committee will bear liability for breach of contract.
5. The problem of accidental personal injury refers to the personal casualties of personnel related to the Winter Olympics activities due to the organizer's negligence and accidents. The scope of such personnel is usually defined as those who have a labor contract relationship with the organizer, such as staff employed by the organizer on a long-term or temporary basis.
6. Operational issues of other non-core projects refer to transportation risks, automobile risks, facility losses, liability for breach of contract, delayed performance, work errors or services related to the Winter Olympics that the organizers may face. of imperfection. For organizers, there will be plenty of such risks. Although the individual amounts of such losses may be small, over the course of the organization's lifetime these losses add up to a significant amount.
7. The issue of management responsibility refers to the losses of the organizing committee caused by the personal decision-making errors of the organizer and management. This risk exists in various organizations and institutions, resulting in financial losses to the organizing committee and dissatisfaction of customers due to poor decision-making, similar to the liability insurance for directors and senior managers of listed companies.