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Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest

Tourism, one of Malaysia's fastest growing economic sector, has created many business opportunities, the majority of which are family-controlled businesses. New ventures are started by founders who will eventually invite their relatives, especially as successors for their businesses. Nowadays,...

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Main Authors: Puzi, M. A. M., Ismail, H. N.
Format: Article
Published: Malaysian Institute Of Planners 2017
Subjects:
TH Building construction
Online Access:http://eprints.utm.my/id/eprint/77035/
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85035343052&partnerID=40&md5=3c01bc1332d4e77d27242f0e6b2a417f
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id my.utm.77035
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spelling my.utm.770352018-04-30T14:35:00Z http://eprints.utm.my/id/eprint/77035/ Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest Puzi, M. A. M. Ismail, H. N. TH Building construction Tourism, one of Malaysia's fastest growing economic sector, has created many business opportunities, the majority of which are family-controlled businesses. New ventures are started by founders who will eventually invite their relatives, especially as successors for their businesses. Nowadays, a successful family business is not determined by traditional methods alone such as profit, assets, or capital, but also take into account survivability or entrepreneurship transmission between generations. Unfortunately, entrepreneurship researchers have not fully embraced tourism because of the prevailing assumption that tourism is a just regular business. Both tourism and transgenerational entreprenership fields employ empirical studies to justify their idiosyncrasies but remain separate from each other. If studied together, it would lead to better understanding of both fields and would even spark the curiosity of researchers to investigate family relationships in conglomerate tourism businesses. Further research into this mixture of fields will also provide a conceptual economic model for tourism destination development bodies that will enhance and promote local community entrepreneurship. Malaysian Institute Of Planners 2017 Article PeerReviewed Puzi, M. A. M. and Ismail, H. N. (2017) Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest. Planning Malaysia, 15 (3). pp. 105-114. ISSN 1675-6215 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85035343052&partnerID=40&md5=3c01bc1332d4e77d27242f0e6b2a417f
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic TH Building construction
spellingShingle TH Building construction
Puzi, M. A. M.
Ismail, H. N.
Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest
description Tourism, one of Malaysia's fastest growing economic sector, has created many business opportunities, the majority of which are family-controlled businesses. New ventures are started by founders who will eventually invite their relatives, especially as successors for their businesses. Nowadays, a successful family business is not determined by traditional methods alone such as profit, assets, or capital, but also take into account survivability or entrepreneurship transmission between generations. Unfortunately, entrepreneurship researchers have not fully embraced tourism because of the prevailing assumption that tourism is a just regular business. Both tourism and transgenerational entreprenership fields employ empirical studies to justify their idiosyncrasies but remain separate from each other. If studied together, it would lead to better understanding of both fields and would even spark the curiosity of researchers to investigate family relationships in conglomerate tourism businesses. Further research into this mixture of fields will also provide a conceptual economic model for tourism destination development bodies that will enhance and promote local community entrepreneurship.
format Article
author Puzi, M. A. M.
Ismail, H. N.
author_facet Puzi, M. A. M.
Ismail, H. N.
author_sort Puzi, M. A. M.
title Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest
title_short Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest
title_full Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest
title_fullStr Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest
title_full_unstemmed Critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest
title_sort critical review on the existence of transgenerational entrepreneurship in tourism businesses: current trend and interest
publisher Malaysian Institute Of Planners
publishDate 2017
url http://eprints.utm.my/id/eprint/77035/
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85035343052&partnerID=40&md5=3c01bc1332d4e77d27242f0e6b2a417f
_version_ 1643657479215644672
score 13.211869

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