Innovative Approaches in Tourism Business Development

In order to provide superior experience for tourists, innovative approaches in tourism business and product development are needed. The objective of this paper is to highlight the key challenges in creation of innovative tourism business opportunities, and provide wider understanding of its importance, especially for SMEs. A review of relevant literature on innovations in tourism is undertaken, then focusing on the specific issues in areas of potential forms of innovation. Specialisation, thematisation, inscenation, diversification and resort concept are identified as key innovative opportunities. On the other side, several management and marketing issues are identified regarding mentioned innovative approaches. First of all, competitive tourism environment generates need for cooperative forms of business behaviour, where networking provides additional sources for implementation of innovative initiatives, especially by SMEs. Key benefits of innovations in tourism business are noted and clearly defined, but in the practical sense, these opportunities are still, to a large extent, underused. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

The Role of Human Resource Practices on Profits Generated by the Innovations: The Role of Top Management Support and Regularity of Employees Meetings

Previous scholars argue that human resource practices advance valuable knowledge what could be reflected positively on innovations. Accordingly, we empirically investigate whether human resource related practices such as top management support and regularity of employees meetings are related to profit generated by the innovation activities. Using survey data of Montenegrin firms, we find that firms in which top management supports employees’ idea and have regular employees meetings related to innovation activities are likely to report higher profit generated by innovations. Therefore, our results underline the crucial role of human resource practices in the process of innovation that generates profitability for firms. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

New Geographies of Tourist Consumption: The Case of Montenegro

The aim of this paper is to increase the understanding of the opportunities and obstacles for developing entrepreneurial activities in agro-tourism sector in northern Montenegro. Therefore, this paper, thus, aims to set a framework for studying the role of innovations and entrepreneurship in the development of sustainable agro-tourism through identifying and providing suggestions for overcoming main entrepreneurial obstacles. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

The State of Entrepreneurship and Innovativeness in Montenegro

European business sector pays an ever more increasing attention to competences such as sense of initiative and entrepreneurship but Western Balkan countries as transition countries from state regulated towards market economy, have a high level of resistance to private initiatives and entrepreneurship. The Erasmus REBUS project aims at developing, testing, validating and mainstreaming holistic and needs driven open learning modules to promote entrepreneurship competences of ICT and engineering graduates at the interface of academic education and learning in practical business contexts. University of Montenegro as partner on the Rebus project is involved in research about current situation of entrepreneurship and innovativeness in Montenegro. Accordingly, we performed research which consists three parts: Online questionnaires, Desk research and Interview. Target groups for the research are: students, HEI, enterprises, administration, Chamber of Commerce… In this paper are presented results of that research with special focus on results obtained in online questionnaires. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

The Role of Human Resource Practices on Profits Generated by the Innovations: The Role of Top Management Support and Regularity of Employees Meetings

Previous scholars argue that human resource practices advance valuable knowledge what could be reflected positively on innovations. Accordingly, we empirically investigate whether human resource related practices such as top management support and regularity of employees meetings are related to profit generated by the innovation activities. Using survey data of Montenegrin firms, we find that firms in which top management supports employees’ idea and have regular employees meetings related to innovation activities are likely to report higher profit generated by innovations. Therefore, our results underline the crucial role of human resource practices in the process of innovation that generates profitability for firms. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

New Geographies of Tourist Consumption: The Case of Montenegro

The aim of this paper is to increase the understanding of the opportunities and obstacles for developing entrepreneurial activities in agro-tourism sector in northern Montenegro. Therefore, this paper, thus, aims to set a framework for studying the role of innovations and entrepreneurship in the development of sustainable agro-tourism through identifying and providing suggestions for overcoming main entrepreneurial obstacles. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

The State of Entrepreneurship and Innovativeness in Montenegro

European business sector pays an ever more increasing attention to competences such as sense of initiative and entrepreneurship but Western Balkan countries as transition countries from state regulated towards market economy, have a high level of resistance to private initiatives and entrepreneurship. The Erasmus REBUS project aims at developing, testing, validating and mainstreaming holistic and needs driven open learning modules to promote entrepreneurship competences of ICT and engineering graduates at the interface of academic education and learning in practical business contexts. University of Montenegro as partner on the Rebus project is involved in research about current situation of entrepreneurship and innovativeness in Montenegro. Accordingly, we performed research which consists three parts: Online questionnaires, Desk research and Interview. Target groups for the research are: students, HEI, enterprises, administration, Chamber of Commerce… In this paper are presented results of that research with special focus on results obtained in online questionnaires. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p