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


  • Hasan Agha Muhanad

    (Far Eastern Federal University)

  • Elena B. Gafforova

    (Far Eastern Federal University)


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

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    References listed on IDEAS

    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
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    More about this item


    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


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