IDEAS home Printed from https://ideas.repec.org/a/url/upravl/v10y2019i3p25-35.html
   My bibliography  Save this article

Strategic entrepreneurship: A management method for improving the performance of small and medium-sized tourism enterprises (SMTEs)

Author

Listed:
  • Hasan Agha Muhanad

    (Far Eastern Federal University)

  • Elena B. Gafforova

    (Far Eastern Federal University)

Abstract

With the increasing role of tourism in the global economy, many countries regard it as an effective tool for comprehensive development, a source of substantial foreign exchange revenues and a contributor to job creation. In this context, there is a growing interest in the performance and management methods of small and medium-sized tourism enterprises (SMTEs) viewed as the main component of the tourist destination. The paper examines SMTEs by studying their specificity and both external and internal factors affecting their performance. Methodologically the article relies on the theories of strategic management and entrepreneurship. It focuses on the role of a tourism destination where a tourism company operates. The article also looks at strategic entrepreneurship (SE) as a promising management method suitable for running SMTEs. The study finds that there is a certain balance between SE and the factors affecting the performance of small and medium-sized tourism enterprises. Thus, the application of SE in SMTEs enables managers and owners of such enterprises to overcome various challenges and shortcomings experienced and to exploit their resources in a way that delivers the best possible performance.

Suggested Citation

  • Hasan Agha Muhanad & Elena B. Gafforova, 2019. "Strategic entrepreneurship: A management method for improving the performance of small and medium-sized tourism enterprises (SMTEs)," Upravlenets, Ural State University of Economics, vol. 10(3), pages 25-35, July.
  • Handle: RePEc:url:upravl:v:10:y:2019:i:3:p:25-35
    DOI: 10.29141/2218-5003-2019-10-3-3
    as

    Download full text from publisher

    File URL: http://upravlenets.usue.ru/images/79/3.pdf
    Download Restriction: no

    File URL: http://upravlenets.usue.ru/en/issues-2019/566
    Download Restriction: no

    References listed on IDEAS

    as
    1. Lerner, Miri & Haber, Sigal, 2001. "Performance factors of small tourism ventures: The interface of tourism, entrepreneurship and the environment," Journal of Business Venturing, Elsevier, vol. 16(1), pages 77-100, January.
    2. Danny Miller, 1983. "The Correlates of Entrepreneurship in Three Types of Firms," Management Science, INFORMS, vol. 29(7), pages 770-791, July.
    3. Michael A. Hitt & R. Duane Ireland & S. Michael Camp & Donald L. Sexton, 2001. "Strategic entrepreneurship: entrepreneurial strategies for wealth creation," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 479-491, June.
    4. repec:gam:jecomi:v:4:y:2016:i:1:p:-:d:64547 is not listed on IDEAS
    5. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
    6. Drew, Stephen, 2003. "Strategic Uses of E-Commerce by SMEs in the East of England," European Management Journal, Elsevier, vol. 21(1), pages 79-88, February.
    7. Birger Wernerfelt, 1984. "A resource‐based view of the firm," Strategic Management Journal, Wiley Blackwell, vol. 5(2), pages 171-180, April.
    8. Tan Khee Giap & Sasidaran Gopalan & Ye Ye, 2016. "Drivers of Growth in the Travel and Tourism Industry in Malaysia: A Geweke Causality Analysis," Economies, MDPI, Open Access Journal, vol. 4(1), pages 1-15, February.
    9. Robert A. Burgelman, 1983. "Corporate Entrepreneurship and Strategic Management: Insights from a Process Study," Management Science, INFORMS, vol. 29(12), pages 1349-1364, December.
    10. repec:gam:jecomi:v:4:y:2016:i:1:p:3:d:64547 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    strategic entrepreneurship; tourism; small and medium-sized business (SMTE); tourism company performance; management method.;

    JEL classification:

    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    Statistics

    Access and download statistics

    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:url:upravl:v:10:y:2019:i:3:p:25-35. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Blaginin). General contact details of provider: http://edirc.repec.org/data/usueeru.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.