Showing posts with label entrepreneurship in hospitality and tourism. Show all posts
Showing posts with label entrepreneurship in hospitality and tourism. Show all posts

24 October 2023

Entrepreneurship in Hospitality and Tourism

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What are entrepreneurs like?
  • • Information seeking - Act on your own to get information to help reach objectives or clarify problems
  • • Systematic planning - Develops and uses logical step-by-step plans to reach goals
  • • Problem-solving - Identifies new and potentially unique ideas to reach a goal

Entrepreneurial competencies
  1. Initiative - Entrepreneurs take actions that go beyond job requirements or the demand of the situation
  2. Sees and acts on opportunities - Looks for and acts on opportunities
  3. Persistence - Takes repeated actions to overcome obstacles that get in the way of reaching goals
  4. Self-confidence - Has a strong belief in self and own abilities
  5. Assertiveness - Confronts problems and issues with others directly
  6. Persuasion - Successfully persuades others
  7. Use of influence strategies - Uses of a variety of strategies to affect others
  8. Concern for high-quality work - Acts to do things that meet or beat existing standards of excellence
  9. Commitment to work contract - Places the highest priority on getting the job completed
  10. Efficiency orientation - Finds ways to do things faster or with fewer resources or at a lower cost

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  • Can be linked with local products and resources
  • Helps to diversify the economy
  • Increases governmental revenues
  • Broadens educational and cultural horizons and improves feelings of self-worth
  • Improves the quality of life-related to a higher level of income and improved standards of living
  • Reinforces preservation of heritage and tradition
  • Justifies and enables environmental protection and improvement
  • Visitor interest in local culture provides employment for artists, musicians, and other performing artists, enhancing the cultural heritage
  • Provides tourist and recreational facilities that may be used by a local population
  • Visitor interest in local culture provides employment for artists, musicians, and other performing artists, enhancing the cultural heritage
  • Provides tourist and recreational facilities that may be used by a local population




 

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