Think Like An Owner: Identifying the Characteristics that Are Important for Ownership-like Thought in the Hospitality Industry

Authors

Jeffery D. Elworth, Michigan State UniversityFollow
Jeffery A. Beck, Michigan State UniversityFollow
Ronald F. Cichy, Michigan State UniversityFollow

Program Web Address

hospitalitybusiness.broad.msu.edu/

Abstract

Companies want recruits who “think like an owner”; that is, managers who demonstrate entrepreneurial aptitude and skills, think on their feet, and possess good problem-solving abilities. This exploratory study sought to identify the characteristics important for ownership-like thought in the hospitality industry. A questionnaire based on a review of entrepreneurship literature drew responses from 182 hotel and restaurant industry operators, executives, and owners. Results suggested six factors or characteristics that lead to ownership-like thought or behavior.

Recommended Citation

Elworth, Jeffery D.; Beck, Jeffery A.; and Cichy, Ronald F. (2008) "Think Like An Owner: Identifying the Characteristics that Are Important for Ownership-like Thought in the Hospitality Industry," Hospitality Review: Vol. 26: Iss. 2, Article 4.
Available at: https://digitalcommons.fiu.edu/hospitalityreview/vol26/iss2/4