• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Structure of the Leisure and recreation industry.

Extracts from this document...

Introduction

STRUCTURE OF THE LEISURE AND RECREATION INDUSTRY In the leisure and recreation industry it offers a variety of facilities, products and services. An important feature of the industry is that it is split up into three distinct sectors. They are the private sector, public sector and the voluntary/not for profit sector. THE PRIVATE SECTOR The primary objective of private sector organisations is to make a profit. If they fail to make a profit they eventually go out of business. To make a profit they need to be producing goods and services at a cost that is less than that at which they sell them. They are also in competition with other leisure providers and need to maintain value for money and keep prices down in order to retain their market share. Private sectors can locate wherever they want. ...read more.

Middle

The benefits are that the owner/directors are not personally liable for any business debts or any damage caused by the firm unless it is there personal fault. All the staffs of the company are paid a set salary and cannot use company funds for any personal expenditure. Public limited companies: when a company becomes large and successful it needs to raise money to expand further. The easy way for them to do this is to go to the public. This is done by the company offering shares to the public, and then the income from the share is used to fund development. In order for a company to sell shares it has to become listed on the stock exchange. The company is now called a PLC. This also means that the share holders have some say on what happens and full control of the company is taken away from the board of directors. ...read more.

Conclusion

Manage certain services and resources that fall beyond local interest. VOLUNTERY SECTOR The voluntary sector is divided into two parts. In the first are the many activities that are run by volunteers - these are local voluntary organisations. In the second are charitable organisations that use volunteers but have a salaried administration. Local voluntary organisations: The British are renowned for their involvement in voluntary work for the public good. They are all amateur groups who organise most of the events. They are not paid for these events so save the sports council �0.65 billion. They do the events by raising money themselves. Charities and trusts: Charities are always seen as non-profit-making organisations that raised money for goods works, using volunteers. The objectives of a charity are often to provide resources and opportunities for people who would otherwise not have access to them. Where local authorities serve the common good, charities serve the special need. Charities can reduce staff costs by using volunteers, and can therefore support more easily than local authorities. Adam derrington ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. For my portfolio, I was asked to do an assignment on two businesses. I ...

    The opening of the new stores attract customers of barking Tesco and the customers of Asda in Beckton and Tesco working to become an destination shop (attract customers from any where) Vectone Gnanam Telecom Local employment trends Vectone Gnanam Telecom does not provide employment as Tesco because they provide communication

  2. Introduction to J Sainsbury plc

    It also emphasises on clear job descriptions and tight monitoring. Sainsbury's can be divided into various functions, including the accounts, marketing and production department. These would then have a hierarchical ordering of offices, such as production director, production managers, supervisors, technicians and operatives.

  1. Company law - Advise critically Alice Lau and Benson Cheung, with strategic proposal, how ...

    A body corporate (other than a listed company) can act as a director of a company1. According to the Companies (Amendment) Ordinance 2003 which became operative on 13 February 2004, it permits the formation of a limited company by one or more shareholders.

  2. Sustainability in the Automotive Industry

    Examples include: * Global warming * Shrinking forests * Soil erosion * Pollution * Natural resource depletion * Increase in CO2 emissions and many more (Taken from lecture slides, presented 4/10/05 by Liz Walley) There are many steps that companies can take to help reduce damage to the environment; such

  1. Strobe leisure plc

    Task 3 This task is about the problems that Strobe Leisure may face. I will look at some internal and external constraints. I will state how the decisions that they make in strobe Leisure will affect the day to day running of the business.

  2. Vodafone Plc

    Also as the market is highly competitive with other mobile phone tariffs such as 121, Orange, BT Cellnet its market with net new customers was 3,216,000 and at the end of the year its net new customers had risen to 8,791,000 which was a, extensive increase.

  1. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    This enterprise skill has contributed to the success of Tesco?s in achieving their aim ?be a modern and innovative company? because this shows that Tesco?s are continuingly developing/ innovating new point-of-sale where customers can buy products so it can meet certain customer needs such as for customers with disabilities who are unable to travel to a Tesco store.

  2. Applied Business. Investigating a business Preston Manor High School

    average; and 4 is low This table can be used as Secondary research because this is an Ofsted report. This table shows an overall performance of the school. This table shows the school has excellent standards, which will attract more customers (students)

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work