Risk in Contemporary Economy 2017
DOI: 10.18662/lumproc.rce2017.1.22
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Entrepreneurship in the Tourism Sector A Risky Activity in French Overseas Departments

Abstract: Research in the field of tourism in the Caribbean is rather limited despite the fact the industry is capital for the area. This industry is very important for the French Overseas Departments and yet

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Cited by 3 publications
(4 citation statements)
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“…Further, risk-taking has a mediating role to play in innovativeness, which can produce competitive advantages (Liu and Fang, 2016). Seraphin et al.’s (2017) study on the identification of typical successful attributes of food tourism enterprises, confirms that transformational entrepreneurs and enterprises with constant collaboration with key stakeholders could effectively provide high-quality products and services, particularly through the implementation of unique product differentiation strategies that are different than other competitors.…”
Section: Literature Reviewmentioning
confidence: 78%
See 1 more Smart Citation
“…Further, risk-taking has a mediating role to play in innovativeness, which can produce competitive advantages (Liu and Fang, 2016). Seraphin et al.’s (2017) study on the identification of typical successful attributes of food tourism enterprises, confirms that transformational entrepreneurs and enterprises with constant collaboration with key stakeholders could effectively provide high-quality products and services, particularly through the implementation of unique product differentiation strategies that are different than other competitors.…”
Section: Literature Reviewmentioning
confidence: 78%
“…On the contrary, there are some who believe in tradition and that the nature of the business is to have a sustainable income altogether, disregarding the prospect of modernization, particularly common among hawkers who are older (Omar and Ishak, 2016). These are people who build their business at a young age from the ground up and believe that sustainability in familiarity is better than taking unchartered risk, which may cause mental and physical exhaustion as a consequence of adapting to new knowledge and skills, plus facing the uncertainty of receiving higher profits if modernization was to take place (Chong, 2018; Omar and Ishak, 2016).Studies have confirmed that product innovation and a transformational business mindset are two crucial drivers of successful hawker food businesses (Liu and Fang, 2016; Seraphin et al., 2017; Stevenson et al., 2019). These studies generally indicate that competitive aggressiveness and being proactive are positively related to risk-taking among street food vendors, having a constructive effect on innovativeness.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Indeed, what might be considered as too much in some destinations and by some locals is tolerated elsewhere. Some destinations and some groups of people with more or less a similar profile have proven to be more resilient than others (Séraphin et al , 2017). This theme issue, therefore, presents a rich variety of case studies and success stories derived from a number of destinations experiencing overtourism.…”
Section: Purpose Of This Theme Issuementioning
confidence: 99%
“…Séraphin et al (2017) noted the limited extent of research of tourism within the Caribbean region, despite its importance to the region's economy. This research identified the need for transformational entrepreneurs and transformational enterprises that engage in effective collaboration and have innovation at the heart of their activities in order to compete effectively Hitchcock (2000).…”
mentioning
confidence: 99%