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Managing family businesses in the tourism and hospitality industry: the transitional economy of Poland

Keywords: Transitional economy , Tourism , Development , Entrepreneurship

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Abstract:

This study’s objective is to examine the nature of tourism and hospitality family businesses that operate in the transitional Polish economy and to analyze the environment for development and growth of these entrepreneurial firms in the reformingeconomy. In order to evaluate and compare firms’ development relative to selected external environmental factors affecting entrepreneurial operations, on-site surveys and personal interviews were conducted with Polish entrepreneurs who own and operate family businesses within tourism and hospitality industry. Theenvironmental conditions are grouped into four external nvironmental factors: political and legal environment, financial environment, non-financial environment, and socio-economic environment, and analyzed based on Kazanjian’s (1988) and Gnyawali and Fogel’s models (1994). The paper also analyzes the competencies ofthe owners of the entrepreneurial firms that are important for the firm’s success throughout the firm’s life cycle. Based on this study results, policy implications are made for assisting the tourism and hospitality firms’ growth and development in transitional economy

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