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Entrepreneurship In The Tourism And Hospitality Industry

Author

Listed:
  • Iuliana, CIOCHINA

    ("Constantin Brancoveanu" University, FMMAE Ramnicu Vâlcea, Romania)

  • Carmen Maria, IORDACHE

    ("Constantin Brancoveanu" University, FMMAE Ramnicu Vâlcea, Romania)

  • Alexandrina, SÎRBU

    ("Constantin Brancoveanu" University, FMMAE Ramnicu Vâlcea, Romania)

Abstract

Tourism and hospitality industry is a complex sector, a distinct field of activity, a component of economic and social life that offers multiple opportunities for small business development, but also capital intensive and highly competitive. In this context, its connection with entrepreneurship takes into account the economic development of tourist areas, aims to create new sustainable businesses by increasing the capacity and willingness of enterprises to develop, organize a business, to manage risk and profit. This paper, through recognizing micro factors influencing the development of local entrepreneurship, tourism and hospitality industry, aimed to analyze the behavior of entrepreneurs consistent with the existence of constraints regarding business, a limitation of entrepreneurship, growth and behavior. Romanian entrepreneurship in tourism and hospitality industry must boost competitiveness, leading to increased productivity and economic development.

Suggested Citation

  • Iuliana, CIOCHINA & Carmen Maria, IORDACHE & Alexandrina, SÎRBU, 2016. "Entrepreneurship In The Tourism And Hospitality Industry," Management Strategies Journal, Constantin Brancoveanu University, vol. 31(1), pages 264-275.
    • Handle: RePEc:brc:journl:v:31:y:2016:i:1:p:264-278
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    More about this item

    Keywords

    entrepreneurship; tourism; entrepreneurship; hospitality; local development;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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