Skip to content
Research Article Open access CC BY 4.0

Understanding and Overcoming the Limitations to Strategy Execution in Hotels within the Small and Medium Enterprises Sector

Anthony Idoko Abalaka, Oluwaseun Oladeji Olaniyi, Olubukola Omolara Adebiyi

Asian Journal of Economics, Business and Accounting · pp. 26–36 · Published 26 Oct 2023

10.9734/ajeba/2023/v23i221134

Abstract

This paper underscores the challenges and significance of strategy formulation and execution, especially in the Small and Medium Enterprises (SMEs) hospitality sector. Despite decades of research and professional scrutiny, strategy implementation remains daunting in strategic management. The research is paramount to small hotels, especially in a rapidly changing and pandemic-stricken environment and the broader tourism sector. It equips managers in the hospitality and tourism sectors with insights to navigate implementation challenges and adopt innovative methods to bridge the gap between strategy formulation and its successful execution. The research findings, aimed at enhancing decision-making, productivity, and competitive edge, will benefit various stakeholders, including organizational managers, academic scholars, policymakers, regulators, and the general public. These findings will be disseminated through academic and professional channels to serve the public interest and contribute substantially to existing knowledge. Notably, while this study provides valuable insights, it does present limitations, mainly its focus on top management and its restricted observational scope due to the pandemic. Future research might consider broadening the participant pool and studying larger hotels across different regions to enhance generalizability.

Strategy SME hospitality strategic management pandemic implications tourism decision-making productivity competitive advantage policymakers

Cited by 52

Exploring Primary School Pupils’ Career Aspirations in Ibadan, Nigeria: A Qualitative Approach

Abayomi Shamsudeen Arigbabu, Oluwaseun Oladeji Olaniyi, Adebajo Adeola · Journal of Education, Society and Behavioural Science · 2024

Harnessing Predictive Analytics for Strategic Foresight: A Comprehensive Review of Techniques and Applications in Transforming Raw Data to Actionable Insights

Folashade Gloria Olaniyi, Oluwaseun Oladeji Olaniyi, Chinasa Susan Adigwe, Anthony Idoko Abalaka, Nishant Hemantkumar Shah · Asian Journal of Economics, Business and Accounting · 2023

A Regressional Study on the Impact of Organizational Security Culture and Transformational Leadership on Social Engineering Awareness among Bank Employees: The Interplay of Security Education and Behavioral Change

Oluwaseun Oladeji Olaniyi, Christopher Uzoma Asonze, Samson Abidemi Ajayi, Samuel Oladiipo Olabanji, Chinasa Susan Adigwe · Asian Journal of Economics, Business and Accounting · 2023

Quantitative Analysis and Comparative Review of Dividend Policy Dynamics within the Banking Sector: Insights from Global and U.S. Financial Data and Existing Literature

Oluwaseun Oladeji Olaniyi, Nishant Hemantkumar Shah, Nidhi Bahuguna · Asian Journal of Economics, Business and Accounting · 2023

Transformational Leadership: A Comparative Exploration of the Leadership Prowess of Jeff Bezos and Steve Jobs

Chinasa Susan Adigwe · Asian Journal of Economics, Business and Accounting · 2024

Leading in a Time of Crisis: The Coronavirus Effect on Leadership in America

Chinasa Susan Adigwe, Oluwaseun Oladeji Olaniyi, Oladotun Opeoluwa Olagbaju, Folashade Gloria Olaniyi · Asian Journal of Economics, Business and Accounting · 2024

Effect of Adopting AI to Explore Big Data on Personally Identifiable Information (PII) for Financial and Economic Data Transformation

Samuel Oladiipo Olabanji, Oluseun Babatunde Oladoyinbo, Christopher Uzoma Asonze, Tunbosun Oyewale Oladoyinbo, Samson Abidemi Ajayi, Oluwaseun Oladeji Olaniyi · Asian Journal of Economics, Business and Accounting · 2024

Forecasting the Future: The Interplay of Artificial Intelligence, Innovation, and Competitiveness and its Effect on the Global Economy

Chinasa Susan Adigwe, Oluwaseun Oladeji Olaniyi, Samuel Oladiipo Olabanji, Olalekan Jamiu Okunleye, Nanyeneke Ravana Mayeke, Samson Abidemi Ajayi · Asian Journal of Economics, Business and Accounting · 2024

Leveraging FinTech Compliance to Mitigate Cryptocurrency Volatility for Secure US Employee Retirement Benefits: Bitcoin ETF Case Study

Samuel Oladiipo Olabanji, Tunbosun Oyewale Oladoyinbo, Christopher Uzoma Asonze, Chinasa Susan Adigwe, Olalekan Jamiu Okunleye, Oluwaseun Oladeji Olaniyi · Asian Journal of Economics, Business and Accounting · 2024

The Evolution of Terrorism in the Digital Age: Investigating the Adaptation of Terrorist Groups to Cyber Technologies for Recruitment, Propaganda, and Cyberattacks

Chinasa Susan Adigwe, Nanyeneke Ravana Mayeke, Samuel Oladiipo Olabanji, Olalekan Jamiu Okunleye, Princess Chimmy Joeaneke, Oluwaseun Oladeji Olaniyi · Asian Journal of Economics, Business and Accounting · 2024

Showing 26 of 52 known citations — external sources report more than can currently be individually listed.

Related research

Article metrics

Real usage data collected on this platform.

62

Page views

0

PDF downloads

6

Outbound clicks

52

Citations

Views over time

Views by country

Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".

Traffic sources

Referring site, by host.

Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.