Strategies for ensuring the economic security of the hotel and restaurant business

Olha Nikolaichuk, Ganna Gorina, Nataliia Pryimak and Oleksandr Romanykha
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Olha Nikolaichuk: Mykhailo Tuhan-Baranovskyi Donetsk National University of Economics and Trade
Ganna Gorina: Mykhailo Tuhan-Baranovskyi Donetsk National University of Economics and Trade
Nataliia Pryimak: Mykhailo Tuhan-Baranovskyi Donetsk National University of Economics and Trade
Oleksandr Romanykha: Mykhailo Tuhan-Baranovskyi Donetsk National University of Economics and Trade

Chapter 8 in Challenges and paradigm of national and international security of the XXI century: economic and technogenic discourse, 2022, pp 149-169 from PC TECHNOLOGY CENTER

Abstract: The object of the study is the economic security of the enterprises of the hotel and restaurant business in Ukraine. To achieve certain goals, methods of theoretical generalization, analysis and synthesis, logical generalization, analogies, comparison, grouping, the method of taxonomic analysis, and system analysis were used. Analyzed the current state of development of hotel and restaurant enterprises in Ukraine. The application of the taxonomy method for diagnosing the economic security of hotel and restaurant enterprises is substantiated. The indicators of economic security of enterprises in the hotel and restaurant industry are identified, grouped in key areas: production, market, intellectual and personnel, investment, material and technical and financial. The interpretation of the values of the integral taxonomic indicator of the economic security of hotel and restaurant enterprises in Ukraine is substantiated. In accordance with the value of the integral indicator, a division into five levels of economic security of enterprises is proposed, which correspond to certain strategies and management decisions for their implementation. An integral indicator of the economic security of hotel and restaurant enterprises was calculated using the taxonomy method for 2015–2020. Based on the results of the calculations, a conclusion was made about the uneven development of the hotel and restaurant industry in Ukraine and the existing problems in ensuring the economic security of domestic hotel and restaurant enterprises. The strategy for ensuring the economic security of hotel and restaurant enterprises is substantiated and managerial decisions for its implementation for the future period are proposed. The applied nature of the proposed methodology is justified by its practical application according to the actual data of the enterprises of the hotel and restaurant business in Ukraine for 2015–2020.

Keywords: Economic security; taxonomic analysis; hotel and restaurant business; economic security strategy (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:baq:pcchap:978-617-7319-59-6-ch8

DOI: 10.15587/978-617-7319-59-6.ch8

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