Entrepreneurship in Hospitality and Tourism




What are entrepreneurs like?
• Information seeking - Act on your own to get information to help reach objectives or clarify problems
• Systematic planning - Develops and uses logical step-by-step plans to reach goals
• Problem-solving - Identifies new and potentially unique ideas to reach a goal

Entrepreneurial competencies
a. Initiative - Entrepreneurs take actions that go beyond job requirements or the demand of the situation
b. Sees and acts on opportunities - Looks for and acts on opportunities
c. Persistence - Takes repeated actions to overcome obstacles that get in the way of reaching goals
d. Self-confidence - Has a strong belief in self and own abilities
e. Assertiveness - Confronts problems and issues with others directly
f. Persuasion - Successfully persuades others
g. Use of influence strategies - Uses of a variety of strategies to affect others
h. Concern for high-quality work - Acts to do things that meet or beat existing standards of excellence
i. Commitment to work contract - Places the highest priority on getting the job completed
j. Efficiency orientation - Finds ways to do things faster or with fewer resources or at a lower cost





  • Can be linked with local products and resources
  • Helps to diversify the economy
  • Increases governmental revenues
  • Broadens educational and cultural horizons and improves feelings of self-worth
  • Improves the quality of life-related to a higher level of income and improved standards of living
  • Reinforces preservation of heritage and tradition
  • Justifies and enables environmental protection and improvement
  • Visitor interest in local culture provides employment for artists, musicians, and other performing artists, enhancing the cultural heritage
  • Provides tourist and recreational facilities that may be used by a local population
  • Visitor interest in local culture provides employment for artists, musicians, and other performing artists, enhancing the cultural heritage
  • Provides tourist and recreational facilities that may be used by a local population