Critical evaluation of why G4S Security Company failed in the 2012 Assignment

Basic assessment of why G4S Security Company bombed in the 2012 Olympic - Assignment Example The fundamental explanation for the disappointment of the agreement between Olympic advisory group and G4S was the staffing issue of the organization. G4S couldn't keep up the terms if the agreement and along these lines the agreement cost them a tremendous sum. G4S, the biggest global security arrangements gathering, has some expertise in giving security answers for those nations where danger of wellbeing and security are considered as a genuine key danger. The organization has given effective security answers for some nations yet after the passing of Jimmy Mubenga in 2010, it had begun to confront its darkest days. A few debates followed the passing and later in 2012 the security catastrophe at Olympic Games gave a serious hit to the company’s key activities and the organization needed to take care of a tremendous sum as punishment (Taylor, 2012). In the event that the issue is viewed intently, it tends to be seen that the organization had embraced many wrong approaches for taking the agreement of giving security answers for Olympic Games. It exaggerated the quantity of security staff and furthermore expanded the compensation of the CEOs when the organization was experiencing colossal misfortune. All the issues prompted the disappointment of the agreement with the Olympic council. In any case, the organization needs to pay a measure of  £ 88 million as punishment. The report features the realities that lead to the disappointment of the security agreement of G4S with Olympic Games in 2012 (Shift Media Publication, 2013). The principle issue was staffing issue and the organization shares were likewise falling as the financial specialists came to think about the issue. In the event that the fiscal summaries of the organization are considered it very well may be seen that the Annual Report 2012 doesn't have any exchange data in regards to Olympic 2012. The fiscal summaries don't have data with respect to the exchange relating to Olympic Games. The main presence of the episode is written in little letter in the Performance Highlights segment of