2 Recreation,
leisure and
tourism
organizations
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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
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Public sector organizations
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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
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The Beach at South Bank,
Brisbane
• Local
government run
• Free to use
(why?)
• Financed from?
• Would you find
a similar facility
in the UK?
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Private sector organizations
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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
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Eula’s Café, Englishman’s Beach,
Tobago
•
•
•
•
•
•
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SME
Capital?
Aims?
Growth?
Impact?
Sustainability?
Virgin Blue
• Owned by
Richard
Branson
• Floated in
December
2003
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BAA Heathrow
• Was
government
owned
• Privatised by
Mrs Thatcher
• Now a public
limited
company
• Differences?
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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
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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.
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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.
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2 Recreation,
leisure and
tourism
organizations:
The End
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