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Financial Performance Factors and Technological Resources in The Strategic Management of Tourism Companies.

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Title: Financial Performance Factors and Technological Resources in The Strategic Management of Tourism Companies.
Authors: Hernández Ponce, Oscar Ernesto1 oscar.hernandez@itson.edu.mx, Morgan Medina, Jorge Carlos2, Valdez Juárez, Luis Enrique1
Source: Journal of Technology Management & Innovation. 2023, Vol. 18 Issue 2, p56-67. 12p.
Subjects: Financial performance, Strategic planning, Tourism management, Business enterprises, Financial statements, Transportation costs
Geographic Terms: Oaxaca de Juarez (Mexico), Mexico
Abstract: Tourism is experiencing static growth; however, the decrease in transportation costs and technological development can make it a more dynamic industry; therefore, the purpose of the study was to evaluate two tourist destinations in Mexico, one in the northwest (Guaymas, Sonora) and the other in the southeast of the country (Bahías de Huatulco, Oaxaca) in order to establish the correlation between financial performance factors and technology resources in tourism companies' strategic management. The research was exploratory based on the organizational theoretical perspective called TOE: Technology, Organization and Environment framework, non-parametric statistics were used, quantifying the intensity and direction of the interdependence between the variables. It can be concluded that the tourism companies that presented a systematic financial performance and an efficient use of technological resources, generated greater opportunities to grow in the market and the ability to face the competition by improving their strategic management, in contrast to those that do not adequately present their financial statements, as well as null or low use of Information Technologies due to lack of knowledge, which has prevented them from obtaining real value from the organization and a management focused on profitability and its permanence in the future. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Technology Management & Innovation is the property of JOTMI Research Group and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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  Data: Financial Performance Factors and Technological Resources in The Strategic Management of Tourism Companies.
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Technology+Management+%26+Innovation%22">Journal of Technology Management & Innovation</searchLink>. 2023, Vol. 18 Issue 2, p56-67. 12p.
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  Data: <searchLink fieldCode="DE" term="%22Financial+performance%22">Financial performance</searchLink><br /><searchLink fieldCode="DE" term="%22Strategic+planning%22">Strategic planning</searchLink><br /><searchLink fieldCode="DE" term="%22Tourism+management%22">Tourism management</searchLink><br /><searchLink fieldCode="DE" term="%22Business+enterprises%22">Business enterprises</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+statements%22">Financial statements</searchLink><br /><searchLink fieldCode="DE" term="%22Transportation+costs%22">Transportation costs</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Oaxaca+de+Juarez+%28Mexico%29%22">Oaxaca de Juarez (Mexico)</searchLink><br /><searchLink fieldCode="DE" term="%22Mexico%22">Mexico</searchLink>
– Name: Abstract
  Label: Abstract
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  Data: Tourism is experiencing static growth; however, the decrease in transportation costs and technological development can make it a more dynamic industry; therefore, the purpose of the study was to evaluate two tourist destinations in Mexico, one in the northwest (Guaymas, Sonora) and the other in the southeast of the country (Bahías de Huatulco, Oaxaca) in order to establish the correlation between financial performance factors and technology resources in tourism companies' strategic management. The research was exploratory based on the organizational theoretical perspective called TOE: Technology, Organization and Environment framework, non-parametric statistics were used, quantifying the intensity and direction of the interdependence between the variables. It can be concluded that the tourism companies that presented a systematic financial performance and an efficient use of technological resources, generated greater opportunities to grow in the market and the ability to face the competition by improving their strategic management, in contrast to those that do not adequately present their financial statements, as well as null or low use of Information Technologies due to lack of knowledge, which has prevented them from obtaining real value from the organization and a management focused on profitability and its permanence in the future. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
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  Data: <i>Copyright of Journal of Technology Management & Innovation is the property of JOTMI Research Group and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=egs&AN=169737620
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        Value: 10.4067/s0718-27242023000200056
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        Text: English
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        PageCount: 12
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        Type: general
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        Type: general
      – SubjectFull: Tourism management
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      – SubjectFull: Business enterprises
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      – SubjectFull: Financial statements
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      – SubjectFull: Transportation costs
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      – SubjectFull: Oaxaca de Juarez (Mexico)
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      – SubjectFull: Mexico
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      – TitleFull: Financial Performance Factors and Technological Resources in The Strategic Management of Tourism Companies.
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            NameFull: Hernández Ponce, Oscar Ernesto
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            NameFull: Morgan Medina, Jorge Carlos
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            NameFull: Valdez Juárez, Luis Enrique
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              Text: 2023
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              Y: 2023
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