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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
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
The Beach at South Bank, Brisbane • Local government run • Free to use (why?) • Financed from? • Would you find a similar facility in the UK?
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
Eula’s Café, Englishman’s Beach, Tobago • SME • Capital? • Aims? • Growth? • Impact? • Sustain-ability?
Virgin Blue • Owned by Richard Branson • Floated in December 2003
BAA Heathrow • Was government owned • Privatised by Mrs Thatcher • Now a public limited company • Differences?
The National Trust • A not for profit organisation • Aims = heritage conservation • Financed?
Tourism Concern • UK based pressure group • Aims to promote responsible tourism
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.
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.