Strategic Management in The Hospitality Industry

Abstract

Modern innovative methods of HR management are leading in the strategy for developing hotel enterprises. The HR strategy is a part of the enterprise management strategy. To develop an HR management strategy, it is necessary to apply the principles used to develop an enterprise management strategy. The essence of HR management is to establish organizational, economic, socio-psychological, and legal relations between the subject and the object of management. These relations are based on the principles, methods, and forms of impact on the interests, behavior, and activities of employees to use all their potential. It is necessary to adequately estimate the importance of the HR management function and not to interpret it only as HR accounting and recruitment. It is impossible to fulfill the marketing and financial functions in the business process without competent HR management.