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The Risk Perception of Family Business Owner-Manager in the Tourism Industry: A Qualitative Comparison of the Intra-Firm Senior and Junior Generation

The Risk Perception of Family Business Owner-Manager in the Tourism Industry: A Qualitative Comparison of the Intra-Firm Senior and Junior Generation

Gundula Glowka, Martin Tusch, Anita Zehrer
Copyright: © 2021 |Pages: 28
ISBN13: 9781799873525|ISBN10: 1799873528|ISBN13 Softcover: 9781799873532|EISBN13: 9781799873549
DOI: 10.4018/978-1-7998-7352-5.ch006
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MLA

Glowka, Gundula, et al. "The Risk Perception of Family Business Owner-Manager in the Tourism Industry: A Qualitative Comparison of the Intra-Firm Senior and Junior Generation." Resiliency Models and Addressing Future Risks for Family Firms in the Tourism Industry, edited by Anita Zehrer, et al., IGI Global, 2021, pp. 126-153. https://doi.org/10.4018/978-1-7998-7352-5.ch006

APA

Glowka, G., Tusch, M., & Zehrer, A. (2021). The Risk Perception of Family Business Owner-Manager in the Tourism Industry: A Qualitative Comparison of the Intra-Firm Senior and Junior Generation. In A. Zehrer, G. Glowka, K. Schwaiger, & V. Ranacher-Lackner (Eds.), Resiliency Models and Addressing Future Risks for Family Firms in the Tourism Industry (pp. 126-153). IGI Global. https://doi.org/10.4018/978-1-7998-7352-5.ch006

Chicago

Glowka, Gundula, Martin Tusch, and Anita Zehrer. "The Risk Perception of Family Business Owner-Manager in the Tourism Industry: A Qualitative Comparison of the Intra-Firm Senior and Junior Generation." In Resiliency Models and Addressing Future Risks for Family Firms in the Tourism Industry, edited by Anita Zehrer, et al., 126-153. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-7352-5.ch006

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Abstract

Successfully dealing with risk has become a major challenge for firms to stay competitive in the long run. The tourism industry is vulnerable to any crisis and therefore has to deal with a high degree of uncertainty including many risks. The Alpine tourism industry is shaped by small and medium-structured family businesses. Such firms have more informal decision-making processes and more generations involved, while risk taking depends on the decisions of an owner-manager. Understanding the risk perception owner-managers is thus a complex task. This study conducts n=12 qualitative interviews with senior and junior owner-managers of family SME in tourism. Understanding the risk perception for tourism family SME might therefore contribute to build resilience and long-term competitiveness.

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