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Influence Strategic Competitive Advantage International Business Cooperation in the Frame of Financial Crisis

  • N. N. ReshetnikovaEmail author
  • M. G. Magomedov
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 138)

Abstract

This article reveals the cooperation process between foreign private companies and the local government in organizing the development of the industry connected to MICE and its influence on enterprise financial security under the globalization in the frame of Financial Crisis. 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. Sustainable development of businesses is one of the common and rapidly growing topics in the field of sustainable tourism. The issue of business sustainability and how this concept is being translated into daily practice has been dealt with for quite a long time.

Keywords

Internationalization MICE Meetings industry Business tourism Incentives Conventions Exhibitions Tourism business activity 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Don State Technical UniversityRostov-on-DonRussia
  2. 2.Rostov State University of EconomicsRostov-on-DonRussia

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