IDEAS home Printed from https://ideas.repec.org/a/gam/jscscx/v10y2021i4p132-d532827.html
   My bibliography  Save this article

Increasing the Efficiency of Enterprises in Tourism Sector Using Innovative Management Methods and Tools

Author

Listed:
  • Peter Gallo

    (Faculty of Arts, Institute of Educology and Social Work, University of Prešov, 17. Novembra 3724/15, 080 01 Prešov, Slovakia)

  • Ján Dobrovič

    (Department of Management, Faculty of Corporate Strategy, Institute of Technology and Business, 517/10, 370 01 České Budějovice, Czech Republic)

  • Veronika Čabinová

    (Department of Development, Informatization and Quality Assessment, University of Prešov, 17. Novembra 3724/15, 080 01 Prešov, Slovakia)

  • Petra Pártlová

    (Department of Management, Faculty of Corporate Strategy, Institute of Technology and Business, 517/10, 370 01 České Budějovice, Czech Republic)

  • Jarmila Straková

    (Department of Management, Faculty of Corporate Strategy, Institute of Technology and Business, 517/10, 370 01 České Budějovice, Czech Republic)

  • Bohuslava Mihalčová

    (Department of Management, Faculty of Business Economy with Seat in Košice, University of Economics in Bratislava, 13, 041 30 Košice, Slovakia)

Abstract

The paper deals with the issue of increasing the efficiency of business management using modern management methods and tools in tourism enterprises. The basis of the paper form hypotheses focused on the use of the concept of Balanced Scorecard, controlling, benchmarking, and talent management within the tourism enterprises. Based on the p -value (0.576) in the case of first hypothesis, we can confirm that there is no statistically significant relationship between the openness of hotels to change, innovation, and the willingness to introduce controlling into management. The p -value (0.004) achieved in the case of the second hypothesis confirmed a statistically significant relationship between the hotel classification category and the use of the modern methods in plan design. In the third hypothesis, we examined whether hotels focusing on the sales maximization tend to use their capital for modernization. Based on the validity of the inequality p -value (0.080), we confirm that there is no statistically significant relationship between the pricing approach and the use of capital. Searching strategic tool in management of a business in tourism is still an actual issue. Businesses are especially managed by financial indicators, but modern methods show the growing significance of non-financial indicators.

Suggested Citation

  • Peter Gallo & Ján Dobrovič & Veronika Čabinová & Petra Pártlová & Jarmila Straková & Bohuslava Mihalčová, 2021. "Increasing the Efficiency of Enterprises in Tourism Sector Using Innovative Management Methods and Tools," Social Sciences, MDPI, vol. 10(4), pages 1-13, April.
  • Handle: RePEc:gam:jscscx:v:10:y:2021:i:4:p:132-:d:532827
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2076-0760/10/4/132/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2076-0760/10/4/132/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Belkhir, Mohamed & Boubaker, Sabri & Derouiche, Imen, 2014. "Control–ownership wedge, board of directors, and the value of excess cash," Economic Modelling, Elsevier, vol. 39(C), pages 110-122.
    2. Faria Rabbi & Nouman Ahad & Tahira Kousar & Tanzila Ali, 2015. "Talent Management as a Source of Competitive Advantage," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 5(9), pages 208-214.
    3. Faria Rabbi & Nouman Ahad & Tahira Kousar & Tanzila Ali, 2015. "Talent management as a source of competitive advantage," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 5(9), pages 208-214, September.
    4. Al Ariss, Akram & Cascio, Wayne F. & Paauwe, Jaap, 2014. "Talent management: Current theories and future research directions," Journal of World Business, Elsevier, vol. 49(2), pages 173-179.
    5. Janusz Wielki, 2020. "Analysis of the Role of Digital Influencers and Their Impact on the Functioning of the Contemporary On-Line Promotional System and Its Sustainable Development," Sustainability, MDPI, vol. 12(17), pages 1-20, September.
    6. Neil Gunningham, 2020. "A Quiet Revolution: Central Banks, Financial Regulators, and Climate Finance," Sustainability, MDPI, vol. 12(22), pages 1-22, November.
    7. Wadim Strielkowski & Anatoly Shishkin & Vladimir Galanov, 2016. "Modern Management: Beyond Traditional Managerial Practices," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(2), pages 225-231, December.
    8. Mariana Man & Maria-Mădălina Bogeanu-Popa, 2020. "Impact of Non-Financial Information on Sustainable Reporting of Organisations’ Performance: Case Study on the Companies Listed on the Bucharest Stock Exchange," Sustainability, MDPI, vol. 12(6), pages 1-15, March.
    9. Kukanja Marko & Planinc Tanja & Sikošek Marijana, 2020. "Crisis Management Practices in Tourism SMEs During the Covid-19 Pandemic," Organizacija, Sciendo, vol. 53(4), pages 346-361, December.
    10. Festing, Marion & Schäfer, Lynn, 2014. "Generational challenges to talent management: A framework for talent retention based on the psychological-contract perspective," Journal of World Business, Elsevier, vol. 49(2), pages 262-271.
    11. John M. Bryson & Lauren Hamilton Edwards & David M. Van Slyke, 2018. "Getting strategic about strategic planning research," Public Management Review, Taylor & Francis Journals, vol. 20(3), pages 317-339, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Riham Al Aina & Tarik Atan, 2020. "The Impact of Implementing Talent Management Practices on Sustainable Organizational Performance," Sustainability, MDPI, vol. 12(20), pages 1-21, October.
    2. Prabhashini Wijewantha, 2018. "Developing the corporate global leadership bench strength through transformational leaders," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 8(12), pages 453-467, December.
    3. Shirley Nagy Ibrahim & Adel Zayed, 2018. "The Impact of the Integrated Talent Management on the Competitive Advantage in Multinational Corporationst," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(7), pages 221-237, July.
    4. Ramazan Özkan Yildiz & Soner Esmer, 2021. "Talent management related concepts and debates in container shipping industry by an emerging market perspective," Journal of Shipping and Trade, Springer, vol. 6(1), pages 1-30, December.
    5. Stephen Makewit Mosong & Dr. Peninah Tanui, 2023. "Talent Management Practices and Perceived Sustainable Competitive Advantage of the Kenya’s Commercial Banks in Nairobi County: Interaction Effect of Organizational Justice," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(7), pages 645-653, July.
    6. Zubair Nawaz & Jing Zhang & Rafiq Mansoor & Aboobucker Ilmudeen, 2019. "Gig workers in sharing economy: Conceptualizing Freelancer Value Proposition (FVP) in e-lancing platforms," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 9(6), pages 1-5.
    7. Adisak Chandprapalert, 2022. "Talent Risk, Company Agility, and Competitive Advantage in Asian Automotive Industry," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 8(6), pages 29-36, September.
    8. Agnieszka Krugiełka & Grażyna Bartkowiak & Agnieszka Knap-Stefaniuk & Ewa Sowa-Behtane & Ryszard Dachowski, 2023. "Onboarding in Polish Enterprises in the Perspective of HR Specialists," IJERPH, MDPI, vol. 20(2), pages 1-19, January.
    9. Edward P. O’Connor & Marian Crowley-Henry, 2019. "Exploring the Relationship Between Exclusive Talent Management, Perceived Organizational Justice and Employee Engagement: Bridging the Literature," Journal of Business Ethics, Springer, vol. 156(4), pages 903-917, June.
    10. Domitille Bonneton & Stephanie Katja Schworm & Marion Festing & Maral Muratbekova-Touron, 2022. "Do global talent management programs help to retain talent? A career-related framework," Post-Print hal-03876972, HAL.
    11. Md Asadul Islam & Amer Hamzah Jantan & Md Adnan Rahman & Abu Bakar Abdul Hamid & Fariha Binte Mahmud & Ashikul Hoque, 2018. "Talent Management for Organisational Performance Development in Bangladesh Private Industry Context," International Journal of Human Resource Studies, Macrothink Institute, vol. 8(4), pages 2134-2134, December.
    12. Laura Cismaru & Ray Iunius, 2019. "Bridging the Generational Gap in the Hospitality Industry: Reverse Mentoring—An Innovative Talent Management Practice for Present and Future Generations of Employees," Sustainability, MDPI, vol. 12(1), pages 1-38, December.
    13. Charbel El Ammar, 2021. "Talent Management Philosophy in Public Sector: A Key for Managing Conflicts and Contradictions," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 69-92.
    14. Crane, Bret & Hartwell, Christopher J., 2019. "Global talent management: A life cycle view of the interaction between human and social capital," Journal of World Business, Elsevier, vol. 54(2), pages 82-92.
    15. Honorata Howaniec & Oleh Karyy & Adam Pawliczek, 2022. "The Role of Universities in Shaping Talents—The Case of the Czech Republic, Poland and Ukraine," Sustainability, MDPI, vol. 14(9), pages 1-17, May.
    16. Cristina Robledo-Ardila & Juan Pablo Román-Calderón, 2022. "Potential: in search for meaning, theory and avenues for future research a systematic review," Management Review Quarterly, Springer, vol. 72(1), pages 149-186, February.
    17. Amal. M. Jawad, 2020. "Knowledge Transfer Across Types of Assignments: Case study of an International Oil Company," International Journal of Human Resource Studies, Macrothink Institute, vol. 10(4), pages 7292-7292, December.
    18. Radovan Savov & Drahoslav Lančarič & Jana Kozáková, 2020. "Size of the Company as the Main Determinant of Talent Management in Slovakia," JRFM, MDPI, vol. 13(3), pages 1-14, March.
    19. Imen Derouiche & Majdi Hassan & Sarra Amdouni, 2018. "Ownership structure and investment-cash flow sensitivity," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(1), pages 31-54, March.
    20. Lung-Hsin Lin & Kung-Jeng Wang, 2022. "Talent Retention of New Generations for Sustainable Employment Relationships in Work 4.0 Era—Assessment by Fuzzy Delphi Method," Sustainability, MDPI, vol. 14(18), pages 1-18, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jscscx:v:10:y:2021:i:4:p:132-:d:532827. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.