Crisis resilience of the tourism business in martial law

Authors

DOI:

https://doi.org/10.31617/2.2022(42)03

Keywords:

economic functions, crisis, crisis resilience, digitalization, hospitality entity, Holnagel potentials.

Abstract

Introduction. Unprecedented crises have dramatically affected the activities of tourism entities. However, the dual nature of the crisis, although it causes negative phenomena in theirf unctioning, but on the othe rhand it contributes to the possibility of positive change. Therefore, crisis resilience issues now need to be studied and interpreted in the light of current challenges.
Problem. Domestic hospitality entities are working in the conditions of typologically changing crises, thereby the skills of economic
functions fulfillment are the basis of risk protection and adaptation to crises.
The aim of the article is to substantiate the crisis resilience of the hotel and restaurant business as components of the tourism system based on the synergy of their economic functions.
Methods. Methods of hypothesis, analysis, systematization and logical generalization were used in the article. The information base of our work includes legislation, lexicographic materials, scientific works on economic activity of economic entities and crisis management, online analytics and official statistical sources.
Results. The authors formulated operational definitions, characterize economic functions of crisis resilience of subjects of tourist system (hotels and restaurants). The decomposition of economic functions was carried out, which allowed identifying the directions of their implementation by the subjects of hospitality. Based on statistical analysis, the performance of hospitality entities in dynamics was demonstrated. We offered methodical and practical recommendations for the implementation of capabilities (potentials) of crisis resilience such as the ability to anticipate, control, respond and learn. The necessity of systematic and continuous monitoring of the implementation of economic functions to ensure the crisis resilience of business was stated.
Conclusions. In the context of a combination of pandemic and military crises, crisis management, which is formed by the system of
economic functions through the acquisition of capabilities (potentials) is an important tool for successful development. The research covers scientifically substantiated results that comprehensively solve the problem of acquiring the properties of business entities to absorb shocks, respond to environmental challenges and create protective mechanisms that can develop effecttive strategies for success in a crisis. 

Author Biographies

Margaryta BOIKO, State University of Trade and Economics

Doctor of Sciences (Economics), Professor, Head of Department of Hotel and Restaurant Business

Liudmyla BOVSH, State University of Trade and Economics

PhD (Economics), Associate Professor, Associate Professor at the Department of Hotel and Restaurant Business

Alla OKHRIMENKO, State University of Trade and Economics

Doctor of Sciences (Economics), Associate Professor, Professor at the Department of Hotel and Restaurant Business

References

Mazaraki, A., Boiko, M., Bosovska, M., Vedmid, N., & Okhrimenko, A. (2018). Formation of National Tourism System of Ukraine. Problems and Perspectives in Management, 16(1), 68-84. http://doi.org/10.21511/PPM.16(1).2018.07 [in English].

Mazaraki, A. A., Bojko, M. G., & Ohrimenko, A. G. (2021). Transformacii’ turystychnoi’ systemy v umovah cyfrovizacii’ [Transformations of the tourist system in the conditions of digitalization]. Ekonomika Ukrai’ny – Economy of Ukraine, 70(12), 3-21. http://doi.org/10.15407/economyukr.2021.12.003 [in Ukrainian].

Ohrimenko, A. G. (2020). Upravlinnja nacional’noju turystychnoju systemoju: avtoref [Management of the national tourist system]. dys. … dokt. ekon. nauk. Extended abstract of Doctor’s thesis. Kyiv: Kyiv. nac. torg.-ekon. un-t [in Ukrainian].

Ohrimenko, A. G. (2019). Nacional’na turystychna systema [National tourist system]. Kyiv: Kyiv. nac. torg.-ekon. un-t. http://doi.org/10.31617/m.knute.2019-441 [in Ukrainian].

Smelik, R. (2020). Economic security of the organisation: financial component management. Financial Law Review, 18(2), 33-47 [in English].

Chumak, O. (2019). Ekonomichna dijal’nist’ pidpryjemstv: sutnist’, konceptual’na paradygma, reguljuvannja [Economic activity of enterprises: essence, conceptual paradigm, regulation]. Ekonomichnyj dyskurs. Mizhnarodnyj naukovyj zhurnal – Economic discourse. International scientific journal. Issue 2. https://ipohnpu.in.ua/wpcontent/uploads/2019/12/kajliuk.pdf#page=104 [in Ukrainian].

Franke, U. (2014). Enterprise Architecture Analysis with Production Functions. 2014 IEEE 18th International Enterprise Distributed Object Computing Conference. IEEE. http://doi.org/10.1109/edoc.2014.17 [in English].

Suga, T., & Iijima, J. (2017). Algebra for Enterprise Ontology: towards analysis and synthesis of enterprise models. Enterprise Information Systems. Informa UK Limited, 12(3), 341-70. http://doi.org/10.1080/17517575.2017.1367962 [in English].

Vaselevs’kyj, M., Bilyk, I., Dejnega, O., Krykavs’kyj, Je., & Jakymyshyn, L. (2018). Ekonomika logistychnyh system [Economics of logistics systems]. L’viv: L’vivs’ka politehnika [in Ukrainian].

Zhaldak, G., & Dem’jan, A. (2020). Shljahy udoskonalennja logistychnoi’ dijal’nosti pidpryjemstva. Mat-ly I Mizhnar. nauk.-prakt. konf. "Biznes, innovacii’, menedzhment: problemy ta perspektyvy" [Ways to improve the logistics activities of the enterprise. Materials of the Ist International scientific and practical conference "Business, innovation, management: problems and prospects"]. http://confmanagement.kpi.ua/proc/article/view/201230 [in Ukrainian].

Zdravkovich, M., Panetto, H., & Weichhart, G. (2021). Information systems of the enterprise for production with support of artificial intelligence. Enterprise information systems. Informa UK Limited. http://doi.org/10.1080/17517575.2021.1941275 [in English].

Manakhov, B. S. (2015). Effective and sustainable cooperation between start-ups, venture in vestors, and corporations. Secur. Sustain, 5, 269-284 [in English].

Astrauskaitė, I., & Paškevičius, A. (2016). Assessing the optimal taxation of the capital income: A case of corporate bond market. Secur. Sustain. Issues 5, (pp. 519-532) [in English].

Obrenovic, B., Du, J., Godinic, D., Tsoy, D., Khan, M. A. S., & Jakhongirov, I. (2020). Sustaining Enterprise Operations and Productivity during the COVID-19 Pandemic: "Enterprise Effectiveness and Sustainability Model". Sustainability, 12. http://doi.org/10.3390/su12155981www.mdpi.com/journal/sustainability [in English].

Kozlovs’kyj, C. V., & Mazur, G. F. (2017). Zabezpechennja stijkosti suchasnoi’ ekonomichnoi’ systemy – osnova ekonomichnogo rozvytku derzhavy [Ensuring the stability of the modern economic system is the basis of economic development of the state]. Investycii’: praktyka ta dosvid – Investments: practice and experience, 1, 5-12. http://www.investplan.com.ua/pdf/1_2017/3.pdf [in Ukrainian].

Elliott, D., Swartz, E., & Herbane, B. (2010). Digital Resilience and Business. Chapter 1. Continuity Management. Business Continuity Management. Routledge, (pp. 75-100). http://doi.org/10.4324/9780203866337-7 [in English].

Laganier, R. (2015). Organizational Resilience: Preparing and Overcoming Crisis. Resilience Imperative. Elsevier, (pp. 147-67). http://doi.org/10.1016/b978-1-78548-051-5.50008-5 [in English].

Sabatino, M. (2016). Economic crisis and resilience: Resilient capacity and competitiveness of the enterprises. Journal of Business Research. Elsevier BV, 69(5), 1924-7. http://doi.org/10.1016/j.jbusres.2015.10.081 [in English].

Kott, A., & Linkov, I. (2021). To improve cyber resilience, measure it. arXiv preprint arXiv:2102.09455 [in English].

Groenendaal, J., & Helsloot, I. (2021). Cyber resilience during the COVID‐19 pandemic crisis: A casestudy. Journal of Contingencies and Crisis Management. Wiley, 29(4) 439-44. http://doi.org/10.1111/1468-5973.12360 [in English].

Koncepcija zabezpechennja nacional’noi’ systemy stijkosti. Zagal’ni polozhennja. Ukaz Prezydenta Ukrai’ny vid 27 veresnja 2021 roku № 479/2021 [The concept of ensuring a national system of sustainability. General Principles. Decree of the President of Ukraine of September 27, 2021 № 479/2021]. https://www.president.gov.ua/documents/4792021-40181. (data zvernennja: 11.01.2022) [in Ukrainian].

Kryza. Velykyj tlumachnyj slovnyk suchasnoi’ ukrai’ns’koi’ movy (z dod. i dopov.), uklad. i gol. red. V. T. Busel. 5-te vyd. (2005). [Crisis. Large explanatory dictionary of the modern Ukrainian language (with additions), ed. by V. T. Busel]. Kyiv; Irpin’: Perun [in Ukrainian].

Encyklopedija suchasnoi’ Ukrai’ny. Kryza [Encyclopedia of modern Ukraine. Crisis]. https://esu.com.ua/search.php?surname=%D0%BA%D1%80%D0%B8%D0%B7%D0%B0 (data zvernennja: 11.01.2022) [in Ukrainian].

Kuhta, P. V. (2012). Kryzy, i’h prychyny ta naslidky [Crises, their causes and consequences]. Efektyvna ekonomika – Efektyvna Ekonomika, 10. http://www.economy.nayka.com.ua/?op=1&z=1439 (data zvernennja: 11.01.2022) [in Ukrainian].

Nacional’nyj bank Ukrai’ny. Bankivs’ka kryza [National Bank of Ukraine. Banking crisis]. https://old.bank.gov.ua/control/uk/publish/article?art_id=123133 (data zvernennja: 11.01.2022) [in Ukrainian].

Levenec’, Ju., Shapoval, Ju. et al. (2011). Politychna encyklopedija [Political encyclopedia]. Kyiv: Parlam. vyd-vo [inUkrainian].

Kislov, D. (2013). Systemnist’ kryz ta kryzy upravlins’kyh system [Systematic crises and crises of management systems]. Visnyk Nacional’noi’ akademii’ derzhavnogo upravlinnja – Bulletin of the National Academy of Public Administration. http://visnyk.academy.gov.ua/wp-content/uploads/2013/11/2013-2-5.pdf [in Ukrainian].

Nair, J., & Reddy, D. B. (2017). Leveraging Enterprise Resource Planning Systems to Digitize Business Functions. Enterprise Information Systems and the Digitalization of Business Functions. IGI Global. (pp. 20-46). http://doi.org/10.4018/978-1-5225-2382-6.ch002 [in English].

Slovnyk.ua. Stijkist’ [Stability]. https://slovnyk.ua/index.php?swrd=%D1%81%D1%82%D1%96%D0%B9%D0%BA%D1%96%D1%81%D1%82%D1%8C [in Ukrainian].

Vikipedija. Stijkist’ (znachennja) [Wikipedia. Stability (definition)]. https://uk.wikipedia.org/wiki/%D0%A1%D1%82%D1%96%D0%B9%D0%BA%D1%96%D1%81%D1%82%D1%8C_(%D0%B7%D0%BD%D0%B0%D1%87%D0%B5%D0%BD%D0%BD%D1%8F) (data zvernennja: 11.01.2022) [in Ukrainian].

Slovnyk inshomovnyh terminiv [Dictionary of foreign terms]. https://www.jnsm.com.ua/cgi-bin/u/book/sis.pl?Qry=%D4%F3%ED%EA%F6%B3%FF (data zvernennja: 11.01.2022) [in Ukrainian].

Ekonomichna encyklopedija [Economic encyclopedia]. (2000). (Vol. 1). S. V. Mochernyj (Ed.). Kyiv: Akademija [in Ukrainian].

Obsjag vyroblenoi’ produkcii’ (tovariv, poslug) sub’jektiv gospodarjuvannja za vydamy ekonomichnoi’ dijal’nosti u 2013-2020 rokah [The volume of produced items (goods, services) of economic entities by the type of economic activity in 2013-2020]. Derzhavna sluzhba statystyky Ukrai’ny – State Statistics Service of Ukraine. http://www.ukrstat.gov.ua [in Ukrainian].

Obsjag realizovanoi’ produkcii’ (tovariv, poslug) sub’jektiv gospodarjuvannja za vydamy ekonomichnoi’ dijal’nosti u 2010-2020 rokah [The volume of sold products (goods, services) of economic entities by the type of economic activity in 2010-2020]. Derzhavna sluzhba statystyky Ukrai’ny – State Statistics Service of Ukraine]. http://www.ukrstat.gov.ua [in Ukrainian].

Rentabel’nist’ operacijnoi’ ta vsijei’ dijal’nosti pidpryjemstv za vydamy ekonomichnoi’ dijal’nosti u 2010-2020 rokah [Profitability of operating and all activities of enterprises by the type of economic activity in 2010-2020]. Derzhavna sluzhba statystyky Ukrai’ny – State Statistics Service of Ukraine. http://www.ukrstat.gov.ua [in Ukrainian].

Kapital’ni investycii’ pidpryjemstv za vydamy ekonomichnoi’ dijal’nosti u 2010-2020 rokah [Capital investments of enterprises by the types of economic activity in 2010-2020]. Derzhavna sluzhba statystyky Ukrai’ny – State Statistics Service of Ukraine. http://www.ukrstat.gov.ua [in Ukrainian].

Holnagel, E. (2017). Security-II inpractice: the development of resilience potential (1st ed.). Rutledge. http://doi.org/10.4324/9781315201023 [in English].

Published

2022-06-24

How to Cite

[1]
BOIKO М., BOVSH Л. and OKHRIMENKO А. 2022. Crisis resilience of the tourism business in martial law. INTERNATIONAL SCIENTIFIC-PRACTICAL JOURNAL COMMODITIES AND MARKETS. 42, 2 (Jun. 2022), 31–47. DOI:https://doi.org/10.31617/2.2022(42)03.