Financial Resource Management: Sport, Tourism, and Leisure Services

Effective managers in sport, tourism, and leisure service organizations are required to have a wide variety of skills and a good understanding of all of the resources that they manage; they must know how to use their financial resources effectively. Budgeting and long-term financial planning are areas of understanding and skill that every sport, tourism, and leisure service manager must develop and magnify. Financial Resource Management has been written with the needs of the sport, tourism, and leisure service manager in mind. The authors have worked in a variety of sport, tourism, and leisure settings in several different parts of the United States and Canada and have discovered that there is no place to hide from the opportunity or responsibility to know about budgets, finance, and fiscal management. Financial Resource Management is a must read for the mathematically challenged, for the pre-professional, for the professional who received on-the-job training, and for the professional who is keenly interested in and dedicated to continuous improvement. Readers will learn important principles of economics and finance. They will also learn the skills necessary to prepare, present, and manage budgets, as well as generate revenues for capital development and day-to-day operations. Discussions include examples from the “real world” and offer illustrations to facilitate the learning of some of the more complex or technical points.