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2 Recreation, leisure and tourism organizations. Learning outcomes . By the end of this session students should be able to: distinguish between private sector and public sector organizations understand the differences in finance, control, structure and objectives of organizations - PowerPoint PPT Presentation
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© John Tribe
2 Recreation, leisure and tourism organizations
© John Tribe
Learning outcomes • By the end of this session students should be
able to:– distinguish between private sector and public sector
organizations– understand the differences in finance, control,
structure and objectives of organizations– understand ways in which capital can be raised– analyse movements in share prices– analyse the effects of different organizational
structures on organizational behaviour
© John Tribe
Public sector organizations
© John Tribe
Public sector organizations• Local government organizations
– Sources of finance– Ownership and control– Aims and missions
• National government organizations– Sources of finance– Ownership and control– Aims and missions
© John Tribe
The Beach at South Bank, Brisbane
• Local government run
• Free to use (why?)
• Financed from?• Would you find
a similar facility in the UK?
© John Tribe
Private sector organizations
© John Tribe
Private sector organizations
• Profit-making organizations– Unlimited liability– Limited liability– Sources of finance– Share prices and the stock market– Aims, missions, ownership and control
• Non-profit-making organizations
© John Tribe
Eula’s Café, Englishman’s Beach, Tobago
• SME• Capital?• Aims?• Growth?• Impact?• Sustain-
ability?
© John Tribe
Virgin Blue
• Owned by Richard Branson
• Floated in December 2003
© John Tribe
BAA Heathrow
• Was government owned
• Privatised by Mrs Thatcher
• Now a public limited company
• Differences?
© John Tribe
The National Trust
• A not for profit organisation
• Aims = heritage conservation
• Financed?
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Tourism Concern
• UK based pressure group
• Aims to promote responsible tourism
© John Tribe
Review of key terms• Public sector
– government-owned.• Private sector
– non-government-owned.• Council member
– elected councillor.• Council officer
– paid official.• Private limited company
– company with restrictions governing transfer of shares.• Public limited company
– company whose shares are freely transferable and quoted on stock market.
© John Tribe
Review of key terms• Public corporation
– public sector commercial-style organization.• Dividend
– the distribution of profits to shareholders.• Limited liability
– liability limited to amount of investment.• Flotation
– floating a private limited company on the stock market, thus becoming a public limited company.
© John Tribe
2 Recreation, leisure and
tourism organizations:
The End