Tourism Entrepreneurship and Social Capital: Enhancing Economic Growth
Discover the role of social capital in tourism entrepreneurship, tackling major constraints such as limited access to finance and low skills. Explore how public-private partnerships can foster shared goals and effective leadership, ultimately contributing to job creation and regional development in the tourism sector.
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Presentation Transcript
Chapter 10: Tourism Entrepreneurship and Social Capital
Tourism Entrepreneurship: Major Constraints Limited access to finance Low skills High operational costs Social enterprises tend to address unmet social needs due to market and government failures
The Role of Social Capital Increases the likelihood of achieving socio-economic goals Provides a specific type of resource that is embedded in the relations between an individual and other entities and the capacity to facilitate productive activity Comprises physical, human and knowledge assets necessary for economic growth Concerns the different network structures that facilitate or hinder access to social resources and the nature of the social resources
Public-Private Partnerships Shared Goals Collective responsibilities Effective Leadership Stakeholder Communication Community Capacity Supportive Entrepreneurial Climate
Tourism Entrepreneurship & Social Capital Tourism entrepreneurship contributes to job creation and regional development Social capital is required in developing/remote destinations Requires creation, maintenance and extension of relationships Social capital is embedded in the degree of collaboration of those involved in entrepreneurial venture
