Page 168 - GLOBAL TOURISM CHALLENGES IN 21st CENTURY
P. 168
7KH DQDO\VLV RI WKH ODVW JURXS RI UHVSRQVHV FRQILUPV WKH SODFH DQG WKH LPSRUWDQFH
WKDW WKH EXVLQHVV SODQ KDV LQ WKH PDQDJHPHQW RI UHVXOWV DW WKH VXUYH\HG FRPSDQLHV OHG
WR WKH DFKLHYHPHQW RI WKH GHVLUHG SODQQHG FRPSHWLWLYHQHVV
7KXV DOO FRPSDQLHV WR WKH QLQHWHHQWK TXHVWLRQ ZKHWKHU FRPSDQLHV RSHUDWH RU
QRW RSHUDWH DFFRUGLQJ WR EXVLQHVV SODQ VDLG WKDW WKH\ SUHSDUH EXVLQHVV SODQV
5HVSRQGLQJ WR TXHVWLRQ DERXW KRZ PDQ\ \HDUV FRQWLQXRXVO\ LQ RUGHU WR
RUJDQL]H WKHLU ZRUN WKH\ GHYHORS EXVLQHVV SODQV UHSRUWHG WKDW RYHU \HDUV WKH\
GHYHORS EXVLQHVV SODQ DQG VDLG WKH\ SODQ EXVLQHVV RYHU WKH ODVW WR \HDUV DQG
RQO\ VDLG WKH\ GR VR LQ WKH ODVW \HDUV ,I WKHVH DQVZHUV DUH FRPSDUHG ZLWK GDWD
IRU WKH H[LVWHQFHV RI WKH VXUYH\HG FRPSDQLHV LW LV LQGLFDWHG WKDW RI WKHP
GHYHORS EXVLQHVV SODQV VLQFH WKHLU IRXQGDWLRQ
7KLV SHUFHQWDJH DOPRVW FRLQFLGHV ZLWK WKH SHUFHQWDJH RI UHVSRQVHV IURP WZHQW\
ILUVW TXHVWLRQ RI ZKLFK UHVSRQGHG WKDW GXULQJ WKHLU ZRUN WKH\ VWULFWO\ DGKHUH WR
WKH SDUDPHWHUV RI WKHLU EXVLQHVV SODQV
$OVR WKHVH FRPSDQLHV UHVSRQGLQJ WR WKH WZHQW\ VHFRQG TXHVWLRQ FRQILUPHG WKDW
WKHLU EXVLQHVV SODQV DUH DFFRPSDQLHG E\ GHYHORSLQJ DSSURSULDWH RSHUDWLRQDO DFWLRQ
SODQV GHWDLOLQJ WKH WDVNV H[SHFWDWLRQV UHVRXUFHV DQG DQDO\]H SRWHQWLDO ULVNV LQ WKH
RSHUDWLRQ
7DEOH QR 3HULRG IRU FRQWLQXRXV ZRUNLQJ DFFRUGLQJ WR EXVLQHVV SODQ
2I VXUYH\HG FRPSDQLHV PDGH D EXVLQHVV SODQ HDFK \HDU DQG DUH JXLGHG E\ LW
2I VXUYH\HG FRPSDQLHV PDGH EXVLQHVV SODQ FRQWLQXRXVO\ RYHU \HDUV
2I VXUYH\HG FRPSDQLHV PDGH EXVLQHVV SODQ FRQWLQXRXVO\ LQ WKH ODVW \HDUV
2I VXUYH\HG FRPSDQLHV PDGH EXVLQHVV SODQ FRQWLQXRXVO\ LQ WKH ODVW \HDUV
6WULFWO\ DGKHUH WR WKH SDUDPHWHUV RI WKH SUHSDUHG EXVLQHVV SODQ
$GKHUH EXW QRW YHU\ VWULFWO\ WR EXVLQHVV SODQ
'R QRW DGKHUH DW DOO
3UHSDUH RSHUDWLRQDO DQG DFWLRQ SODQV
,Q RUGHU WR GHWHUPLQH LQ PRUH GHWDLO WKH DVSHFWV WKDW VKRZ WKH GHSHQGHQFH L H WKH
XQGHUWDNH UHVSRQVLELOLW\ RI WKH FRPSDQLHV WR DGKHUH WR WKH SDUDPHWHUV RI WKH EXVLQHVV
SODQ WKH VXUYH\HG FRPSDQLHV DQVZHUHG WR WKH WZHQW\ WKLUG TXHVWLRQ DQG DV WKH PRVW
SRSXODU WRROV IRU WUDFHDELOLW\ KDYH HPSKDVL]HG
0DLQWHQDQFH RI UHJXODU PRQWKO\ ZHHNO\ GDLO\ PHHWLQJV
$QDO\VLV RI ILQDQFLDO LQGLFDWRUV
5HSRUWV RQ WKH OHYHO RI FXVWRPHUV VDWLVIDFWLRQ
$QDO\VLV RI FXUUHQW UHSRUWV
$QDO\VLV RI PDUNHW PRYLQJ
$QDO\VLV RI QRW ILQDQFLDO LQGLFDWRUV LV PRQLWRUHG RQO\ E\
$QG LQ DGGLWLRQ UHSRUWHG WKDW WKH\ PRQLWRU WKH LQIRUPDWLRQ UHODWLQJ WR ULVN
IDFWRUV DQG FKDQJHV L H GHYLDWLRQV WKDW RFFXUUHG RXWVLGH WKH SODQQLQJ
)RU WKH LPSRUWDQFH RI D EXVLQHVV SODQ LQ WKHLU ZRUN DUH VSHDNLQJ WKH DQVZHUV WR WKH
WZHQW\ IRXUWK TXHVWLRQ ZKHUH VDLG WKH\ KDYH D SUDFWLFH WR UHYLHZ WKH EXVLQHVV
SODQ 2I WKRVH FRPSDQLHV WKDW VWLOO FDUU\ RXW D UHYLVLRQ RI WKH EXVLQHVV SODQV WKH QH[W
TXHVWLRQ UHVSRQGLQJ IRU WKH F\FOHV RI UHYLVLRQ DOO FRPSDQLHV LQGLFDWHG WKDW WKH\
ϭϲϭ

