Strategic reflexivity in the hotel industry - A value-based analysis

Alkis Thrassou, Demetris Vrontis, Stefano Bresciani

    Research output: Contribution to journalArticlepeer-review

    24 Citations (Scopus)

    Abstract

    In an incessantly altering global tourism industry, hotels are forced to develop new strategic models. Models that do not simply fit new competitive conditions, but perpetually and automatically predict and adapt to these, according to the pace and nature of change. The aim of this research is to examine related knowledge towards constructing an applicable concept for the practicing hotel industry, in the context of 'strategic reflexivity' and through a value-based analysis. The findings indicate the need for a strategic transition from current mechanistic approaches to more creative marketing notions; that are based less on traditional elements of analysis and more on the perception of value. Value is presented as being multi-directional and multi-perspective, in the sense that it is created by all stakeholders and for all stakeholders. The research finally proposes a preliminary generic value-based strategic reflexivity model for individual hotels, expanding in parallel on its key theoretical and managerial implications.

    Original languageEnglish
    Pages (from-to)352-371
    Number of pages20
    JournalWorld Review of Entrepreneurship, Management and Sustainable Development
    Volume10
    Issue number2-3
    DOIs
    Publication statusPublished - 2014

    Keywords

    • Competitive advantage
    • Hospitality industry
    • Hotels
    • Marketing
    • Reflexivity
    • Strategy
    • Tourism
    • Value

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