AN INCLUSIVE PERSPECTIVE ON THE MANAGEMENT OF SERVICE INSTITUTIONS ALONG GLOBAL RISK IN THE CONTEXT OF OVERCOMING THE GLOBAL FINANCIAL CRISIS
The article "Аn inclusive perspective on the management of service institutions along global risk in the context of overcoming the global financial crisis" is dedicated to the main inclusive areas of overcoming financial risks that arose during the Covid-19 pandemic. The article examines the importance and necessity of the hotel business in the cultural, social and economic spheres of the country and the world. There is a parallel between the development of the hotel business and the crisis pandemic in the country. The problems that arose during the pandemic, the threats to business, the consequences that led to financial losses are highlighted. The practical inclusive experience of the world's leading hotel companies was taken into account. The economic factors affecting the state of the hotel business and the ways to overcome them have been studied. Structured management proposals for overcoming financial crises, overcoming existing situations, and ways to prevent them are provided.
The work used a set of research methods that constitute the methodology of analysis and organization of the main publications, legislative acts and laws, namely the methods of generalization, comparison, chronology, analysis and generalization. A feature of the study was the use of the "Petal" histogram to display the digital impact of the Covid-19 pandemic on the level of revenue from hotel services.
The article deals with the urgent issue of saving the hotel business in the period of global crises. The task of researching the management of service institutions during the Covid-19 pandemic in the context of overcoming the global financial crisis has been solved. The world experience of solving problems and inclusive experience in atypical situations that arise when global crises, namely Covid-19, are used.
The totality of factors influencing the activity of the hotel enterprise was studied, and a systematic division into internal and external was carried out. It is explained that the external environment of the organization is a set of elements that are not part of the organization, but have a certain influence on it; to external factors affecting the activity of hotel enterprises: suppliers, inflationary processes in the country, consumers, the legislation of the country, competitors, adjacent markets.
The problem of recovery and business development of enterprises in the tourism and hospitality industry in modern conditions complicated by the Covid-19 pandemic has been identified. Close cooperation and consolidated activities between enterprises of the industry, search for inclusive ways of cooperation, one of which is the creation of combined hotels, are proposed. This form of cooperation in the hospitality industry increases the competitiveness of enterprises in this field, allows closing and restoring medium and large small business enterprises, and ensures their further development at the national level.
2. Waliszewski, K., & A.Warchlewska. “Comparative analysis of Poland and selected countries in terms of household financial behaviour during the COVID-19 pandemic.” Equilibrium. Quarterly Journal of Economics and Economic Policy, no.16(3), 2021, pp. 577–615.
3. Zemlina, Y., & O.Lifirenko. “Тенденції розвитку готельного бізнесу в Україні.” Ресторанний і готельний консалтинг. Інновації, no.2(1), 2019, pp.121–131.
4. Sandal, J. U., Yakobchuk, V., Lytvynchuk, I., & M.Plotnikova. “Institutions for Forming Social Capital In Territorial Communities.” Management Theory and Studies for Rural Business and Infrastructure Development, no.41(1), 2019, pp. 67-76.
5. Denysenko, M., & O.Budiakova. “Features of economic development of hotel and restaurant business.” Ekonomika ta derzhava, no.10, 2020, pp.19–23.
6. Melnychuk, Yu., Chyrva, H., & T.Korniienko. “The Value of the Analysis of Scientific and Technical Research in the Strategy of Innovative Development of the World Economy.” Trends Tech Sci Res. USA, no.5(2), 2021.
7. Prokhorova, V.V., & O.Yu.Davydova. “The Gnoseological Aspects of Innovative Management of Enterprises Development.” Business Inform, no. 4, 2019, pp.14–20.
8. Bosovska, M., Boyko, M., Vedmid, N., & O. Poltavska. “Multi-attribute approach to the assessment of the effectiveness of managing the integration processes of tourism enterprises.” Ekonomika ta derzhava, no.2, 2019, pp.31–35.
9. Tkachuk, I., Melnychuk, Yu., Tkachuk, Yu., Solodzhuk, T., & I.Kyryliuk “Economic Mechanism for Managing the Strategic Development of Territorial Communities.” Tem Journal, no. 9(4), 2020, pp.1606-1613.
10. Civelek, M., Ključnikov, A., Fialova, V., Folvarčná, A., & M.Stoch. “How innovativeness of family-owned SMEs differ depending on their characteristics?” Equilibrium. Quarterly Journal of Economics and Economic Policy, no.16(2), 2021, pp. 413–428.
11. Melnychuk, Yu., & M. Slatvinskyi. “Economic Security Governance and Financial Independence of Telecommunication Companies.” Problems of Infocommunications. Science and Technology: Proc. Int. Scient. and Pract. Conf. no.2, 2019, pp.133–142.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution NonCommercial NoDerivs 4.0 Unported License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access)