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Innovative Entrepreneurship in the Tourism Sector : New Insights on the Role of the Development Context
Isabel Pereira Rodrigues
- Vol. 21, Iss: 1, pp 53-88
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TLDR
In this article, an empirical study on the drivers of innovative entrepreneurship for the tourism sector, in particular the role of the development context, was conducted using cross-country data from the Global Entrepreneurship Monitor (GEM) project and the Human Development Index (HDI) of the United Nations Development Programme.Abstract:
This paper is an empirical study on the drivers of innovative entrepreneurship for the tourism sector, in particular the role of the development context. Using cross-country data from the Global Entrepreneurship Monitor (GEM) project and the Human Development Index (HDI) of the United Nations Development Programme, this study finds evidence that innovative entrepreneurship is negatively related to human development. Although more developed societies have more resources available and higher levels of education development, the tourism entrepreneurs have lower probability of being innovative. More developed societies are established tourism destinations, and facing such high demand, it is possible that tourism entrepreneurs have lower incentives to innovate.read more
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The effect of innovation on hotel market value [Summary]
J.L. Nicolau,M.J. Santa-María +1 more
TL;DR: In this article, the authors analyzed the effect of hotel innovations on firm value through market value and by distinguishing the potentially different impacts of distinct innovation types: product, process, organization and marketing.
References
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Book
Development as Freedom
TL;DR: In this paper, Amartya Sen quotes the eighteenth century poet William Cowper on freedom: Freedom has a thousand charms to show, That slaves howe'er contented, never know.
Book
Risk, Uncertainty and Profit
TL;DR: In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, however evidence abounds of competitive yet profitable markets as mentioned in this paper.
Posted Content
Competition and Entrepreneurship
TL;DR: Kirzner as discussed by the authors argues that the assumption of perfect knowledge is unrealistic and argues that every market participant is a potential entrepreneur who can exploit a situation, which depends on a lack of perfect information among the market participants.