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Capacities and Competencies as Sources of Competitive Advantage: The Case Study of Latvian Hotels

Author

Listed:
  • Ilona Baumane

    (University of Latvia)

  • Rebekka Vedina

    () (University of Tartu; ESADE, Ramon Llull University)

Abstract

This paper focuses on describing how capacities and competences could be use for achieving a sustainable competitive advantage within hotels management since tourism has gained a special position in the export of services and regional development and entrepreneurship in Latvia, and played a significant role in the rapid transition from ineffective planning to full-scale competition. In this study the focus is on Latvian hotels, since hospitality industry and tourism in general mirror the development of this country, presenting the process through which competencies and capacities can be used as determinants of the competitive advantage.

Suggested Citation

  • Ilona Baumane & Rebekka Vedina, 2011. "Capacities and Competencies as Sources of Competitive Advantage: The Case Study of Latvian Hotels," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(2), pages 301-318, May.
  • Handle: RePEc:rom:rmcimn:v:12:y:2011:i:2:p:301-318
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    File URL: http://www.rmci.ase.ro/no12vol2/09.pdf
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    References listed on IDEAS

    as
    1. James Foreman-Peck & Gerry Makepeace & Brian Morgan, 2006. "Growth and profitability of small and medium-sized enterprises: Some Welsh evidence," Regional Studies, Taylor & Francis Journals, vol. 40(4), pages 307-319.
    2. Fagerberg, Jan & Srholec, Martin, 2008. "National innovation systems, capabilities and economic development," Research Policy, Elsevier, vol. 37(9), pages 1417-1435, October.
    3. Giovanni Dagnino, 2006. "‘Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources’ By Nicolai J. Foss, Oxford University Press, 2005," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 10(2), pages 229-235, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Inga Jansone & Irina Voronova, 2014. "Risks Impact on the Accommodation and Food Services: The Case of Latvia," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 2(2), pages 45-62.

    More about this item

    Keywords

    competitive advantage; hotels; capacities; competencies; tourism.;

    JEL classification:

    • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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