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Sustainable Competitive Advantage of the International Business Tourism on the Regional Level

In: Overcoming Uncertainty of Institutional Environment as a Tool of Global Crisis Management

Author

Listed:
  • Natalia N. Smagina

    (Don State Technical University)

  • Magomebgabib G. Magomedov

    (Don State Technical University)

  • Dmitry A. Buklanov

    (Don State Technical University)

Abstract

Business development, in accordance with the principles of sustainable development, is a challenge in this century. Sustainable development is one of the most common axioms used in the field of tourism. Although international tourism literature determines that the business world widely accepts the concept of sustainable development and corporate social responsibility (CSR), a study that links the social and financial results is limited. Practical recommendations for the tourism business activity development can be applied in the regional, national, and international business travel market. This article reveals the cooperation process between foreign private companies and the local government in organizing the development of the industry connected to meetings, incentives, conventions, and exhibitions (MICE).

Suggested Citation

  • Natalia N. Smagina & Magomebgabib G. Magomedov & Dmitry A. Buklanov, 2017. "Sustainable Competitive Advantage of the International Business Tourism on the Regional Level," Contributions to Economics, in: Elena G. Popkova (ed.), Overcoming Uncertainty of Institutional Environment as a Tool of Global Crisis Management, pages 541-548, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-60696-5_68
    DOI: 10.1007/978-3-319-60696-5_68
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