Abstract
Working without limits, changes in consumer preferences, and contemporary processes of global integration have changed the traditional concept of conduct for business enterprises. The application of the modern concept of entrepreneurship in tourism enterprises provides conditions for increasing efficiency. A focus on innovative approaches for basic activities, and continued allocation of total resources represent the main features of modern entrepreneurship. Modern entrepreneurship is the process through which the entrepreneur and employees are devoted to the opportunities at hand. This changes the concept of what constitutes entrepreneurship. The main objective of this paper is to show how the modern concept of entrepreneurship is a main factor in efficient operation of business enterprises. In this respect, knowledge and intellectual capital represent critical resources in operating and implementing information and communication technology as a necessity in coordinating business processes among tourism enterprises. The applied part of this paper involves practical research to perceive the presence of entrepreneurship. The paper concludes with proposing a modern entrepreneurial model as a main factor for improving business operations. The specific results will be indicated in the sphere of representation of teamwork, introduction of changes, staff training, introduction of innovations, and level of tolerance.
Highlights
The accelerated technological development and the evident patronizing development of information and communication technology are the basis for globalization in every area and aspect in the conduct of business enterprises
The research into modern entrepreneurship in enterprises in the field of tourism was undertaken by considering these concepts in the operations: representation of teamwork, introduction of changes, staff training, introduction of innovations, and level of tolerance
Improvement of business operations and increase in work efficiencies is a challenge for any enterprise
Summary
The accelerated technological development and the evident patronizing development of information and communication technology are the basis for globalization in every area and aspect in the conduct of business enterprises. Working in global conditions creates limitless opportunities for job creation and profits. In order for a firm to be an entrepreneurial enterprise, their business processes must be managed in an enterprising way, regardless of the size of the enterprise Improving operations and increasing efficiency of work is a challenge for any enterprise. The use of information and communication technology is a necessity for coordinating business activities. A necessity for understanding change, the traditional concept of entrepreneurship indicates the means of how entrepreneurs should work. Entrepreneurship involves an opportunity to satisfy the needs of consumers and create a product that will do just that Entrepreneurship involves an opportunity to satisfy the needs of consumers and create a product that will do just that (Jones & George, 2008, p. 79)
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