© 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?

© John Tribe 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