innovation factors and tourism family business’ life cycle
DOI:
https://doi.org/10.47557/WNFH1711Keywords:
Innovation, life cycle, tourism family business, hotels, MazatlánAbstract
The innovation factors play a key role in adapting tourism family businesses in their life cycle stages. This paper aims to analyze the interaction of innovation factors in the life cycle of mature hotel family businesses; through a qualitative comparative case study method, four family-owned hotels in the tourist destination of Mazatlán, Sinaloa Mexico were studied. The main findings indicate that mature family businesses go through specific stages of stagnation, consolidation and decline in the business axis; in each of them, the exogenous and endogenous factors of innovation involve different dynamics.
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