RLS303 - Business Management and the Leisure Service Industry

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Last revision date Sep 30, 2019 12:04:06 AM
Last review date Dec 2, 2019 12:15:02 AM

Subject Title
Business Management and the Leisure Service Industry

Subject Description
This course teaches the fundamentals of business management for students who have little previous business management or financial background. The course examines general business management concepts, principles and practices that apply to public and private recreation business functions. It examines basic accounting, revenue generation and expense monitoring in a recreation and leisure context, and introduces students to the interpretation of financial statements and budgets.  Students also learn about procurement and supply management fundamentals.  Financial simulations and case studies are used across the course to demonstrate how to connect cost and benefits in a recreation business environment. The course challenges students to analyze relevant financial problems and make decisions about identifying sources of funding and establishing the appropriate price structure for program success.

Credit Status
This is a required course in the Recreation Leisure Services Diploma.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Understand theories of business management relevant to the recreation and leisure industry.
  2. Identify effective management techniques.
  3. Interpret financial statements and quantitative data to assess costs and benefits in managing a municipal or private recreational facility or enterprise.
  4. Apply business principles to program delivery and consider dimensions of program pricing.
  5. Identify types of businesses and entrepreneurship.
  6. Describe how to generate revenue for programs and facilities by applying business principles.
  7. Evaluate sources of revenue and typical expenditures in public and private recreation organizations.
  8. Assess effective financial and administrative controls in organizations within the recreation and leisure industry (both public and private).
  9. Distinguish between current and capital budgeting.
  10. Assess program efficacy using qualitative and quantitative evaluation techniques used in the recreation and leisure industry.

Academic Integrity
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Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.