How to networks articulate business transformation in hospitality?
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Networks play a crucial role in articulating business transformation in the hospitality industry. The dynamics of entrepreneurial networks evolve along the enterprise life cycle, shifting from local ties to industry-specific groups and beyond, influenced by triggers like generational transitions and competitive changes . Despite the advantages of industrial networking, the hospitality sector faces challenges due to conservative managerial attitudes, lack of trust, and time constraints . Incorporating network methodology into hospitality research can enhance understanding by focusing on social interactions and organizational structures . The concept of 'network hospitality' further exemplifies how sociality in the industry is evolving through online platforms and peer-to-peer interactions . By leveraging networks effectively, hospitality businesses can navigate growth challenges, manage resource dependencies, and adapt to changing environments for sustained success.
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Open access 01 Oct 2014 | Network methodology in hospitality research focuses on social interactions within businesses, aiding in understanding structural opportunities and constraints, thus articulating business transformation through enhanced insight into social relations. |
| Networking in hospitality can drive business transformation by fostering strategic cooperation with suppliers, introducing common quality standards, and developing new products to enhance services and increase added value. | |
Open access•Posted Content 6 Citations | Networking in the hospitality sector can drive business transformation by fostering strategic partnerships with suppliers. However, challenges like managerial conservatism, distrust, and lack of time hinder more extensive networking. |
| Not addressed in the paper. | |
41 Citations | Entrepreneurial networks in hospitality evolve from local ties to industry-specific groups, then to local and non-local ties across industries, aiding in business transformation throughout the enterprise life cycle. |
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