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ENTREPRENEURSHIP IN THE TOURISM AND HOSPITALITY INDUSTRY

Ciochina Iuliana (), Iordache Carmen Maria and Alexandrina Sirbu
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Ciochina Iuliana: "Constantin Brancoveanu" University, FMMAE Ramnicu Vâlcea, Romania
Iordache Carmen Maria: "Constantin Brancoveanu" University, FMMAE Ramnicu Vâlcea, Romania

Management Strategies Journal, 2016, vol. 31, issue 1, 264-275

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.

Keywords: entrepreneurship; tourism; entrepreneurship; hospitality; local development (search for similar items in EconPapers)
JEL-codes: L83 M13 Q13 (search for similar items in EconPapers)
Date: 2016
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